Luis Virata leaves Nickel Asia, son Buster takes over board seat

Mining giant Nickel Asia’s (NIKL) boardroom is getting a makeover with one of its funding directors leaving the company after 14 years. Bilyonaryo Luis Juan L. Virata has resigned effective June 29 citing “personal reasons.” Virata ranked No. 48 on Forbes’ 50 richest Filipinos in 2020 with a net worth of $115 million. The 68-year […]

Natimbrehan na si Bongbong: MVP, Lopez to launch TV5-ABS-CBN collab day after franchise killer Duterte leaves office; but Cignal-SkyCable monopoly could be a deal breaker

Bilyonaryo Manny V. Pangilinan and the Lopez family are poised to launch their long-rumored media collaboration as soon as President Rodrigo Duterte steps down from office on June 30. But while the planned marriage of TV5 and ABS-CBN would create a potent threat to GMA Network’s dominance, it would also create an unlawful monopoly in […]

Converge expands fiber coverage in Bicol

Bilyonaryo Anthony Uy’s Converge ICT Solutions Inc. is targeting to nearly double the number of ports deployed in the Bicol region by the end of the year as it expands the availability of fiber connectivity there. Converge chief operations officer Jesus Romero said the company would roll out nearly 200,000 fiber ports in Bicol to […]

Kailan makakalipad? Etihad leaves Manila passengers in limbo

Several passengers of Etihad Airways have been stuck in a hotel in Makati after their flight was cancelled twice without any explanation from the airline. A Babbler told Bilyonaryo that the passengers were supposed to leave on Monday (June 28) at 8 p.m. However, they were told four times that the boarding time would be […]

Gov’t preps P16.7B funding foe Agus-Pulangi rehab

The government is now readying the P16.71-billion funding for rehabilitating the Agus-Pulangi hydropower plant complex in Mindanao. The Department of Finance (DOF) announced it is now finetuning a proposed arrangement with the Power Sector Assets and Liabilities Management Corporation (PSALM) and National Power Corp. (NPC) for the funding and rehabilitation of the Agus-Pulangi hydro complex. […]

Giant Orchid on display at the Manila Hotel

Plantitos and plantitas have one more reason to pay a visit to the Manila Hotel. In its recent post, the century-old hotel shared that it is showcasing this month a giant orchid that is found only in the Philippines. According to the Manila Hotel, “Grammatophyllum wallisii,” also known as Tiger Orchid, Century Orchid or the […]

Crypto-themed resto is sticking by ETH and $APE amid crypto crash

After reports that US-based cryptocurrency restaurant Bored n’ Hungry is no longer accepting crypto payments amid a crash in the market, they have come out to debunk reports and said that they are sticking to their original business model. It can be recalled that Bored n’ Hungry was the first restaurant in the US to […]

Alcantara family raises P1.26B from debt notes

Alsons Consolidated Resources Inc. (ACR) of the Alcantara family has raised P1.265 billion from the issuance of commercial papers. This is the third tranche of the company’s ₱3 billion CP program. ACR listed its first tranche worth ₱1.4 billion in July 2021 and the second tranche worth ₱600 million in November last year. Proceeds from […]