The Company - updates

Rappler's latest stories on The Company

ARTICLE FINDER

WeWork shakes up commercial real estate – like it or not

Jul 21, 2019 - 9:05 PM

Brushing aside questions about its business model, WeWork shows no signs of slowing down and is now preparing for its Wall Street debut

NEW YORK, NEW YORK - MARCH 26: People walk out of the co-working space WeWork in the Williamsburg neighborhood in Brooklyn on March 26, 2019 in New York City. WeWork, which lets freelancers and other non-traditional workers to become members in a shared or flexible office space, has expanded globally over the last year but continues to suffer large losses. While in 2018 WeWork saw a more than doubling of its sales to $1.82 billion from a year earlier, the companys losses over that same period also more than doubled to $1.93 billion. Spencer Platt/Getty Images/AFP

Dennis Uy buys 100 million shares in Roberto Ongpin-led mining firm

Jul 16, 2019 - 2:55 PM

North Kitanglad Agricultural Company sells 100 million common shares of Atok-Big Wedge to Dennis Uy's Udenna Corporation at P2 per share or a total of P200 million

Trader's error causes Cebu Pacific shares to fall 38%

Jul 09, 2019 - 7:40 PM

From around P90 apiece, Cebu Pacific's stock price plummets to P58 on Tuesday, July 9


Grab: 'Transport holiday' had no effect on passenger bookings

Jul 08, 2019 - 6:20 PM

'Passenger booking requests were served well through efforts by TNVS drivers all over Metro Manila,' says Grab Philippines

DEACTIVATED. Some of deactivated transport network vehicles service (TNVS) driver-partners of Grab Philippines hold a protest caravan from Quezon City Memorial Circle. File photo by Maria Tan

LT Group's president dumps majority of shares

Jul 08, 2019 - 5:55 PM

The disclosure does not explain why LT Group president Michael Tan, one of the sons of Lucio Tan, disposed of majority of his shares

DISPOSED SHARES. LT Group president and chief executive officer Michael Tan only now has 1,100 shares left from the holding company.

Ride-hailing drivers to go on 'transport holiday' July 8

Jul 04, 2019 - 5:13 PM

Some ride-hailing drivers will go offline on July 8, in protest of the franchise requirements of the Land Transportation Franchising and Regulatory Board

HOLIDAY. Leaders of TNVS groups and their lawyers chant 'No to LTFRB's pahirap policies!' while raising banners that highlight their concerns on June 4, 2019. Photo by Enrico Berdos/Rappler

Del Rosario quits board of Hong Kong-listed firm

Jul 03, 2019 - 1:07 PM

Former top diplomat Albert del Rosario resigns as non-executive director of First Pacific, over a week after being barred from entering Hong Kong

FORMER TOP PH DIPLOMAT. Former Philippine foreign secretary Albert del Rosario has resigned from the First Pacific board. File photo by Alecs Ongcal/Rappler

Cebu Pacific orders 31 Airbus planes at Paris Air Show

Jun 19, 2019 - 9:05 AM

The planes that Cebu Pacific ordered, worth $6.8 billion, will allow the airline to 'continue offering the lowest fares' due to improved passenger capacity

NEXT-GEN PLANES. Cebu Pacific buys Airbus A330 new engine option planes from Airbus. Photo from Airbus

Lucio Tan's daughter Vivienne in charge of PAL as Bautista retires

Jun 18, 2019 - 6:35 PM

Vivienne Tan's appointment as Philippine Airlines officer-in-charge comes as the flag carrier accepts the retirement of Jaime Bautista as president and chief operating officer

IN CHARGE. Lucio Tan heiress Vivienne Tan takes charge of Philippine Airlines. File photo from Tan's Facebook page

PCC speeds up review of qualified deals by 15 days

Jun 18, 2019 - 5:55 PM

The Philippine Competition Commission will fast-track the review process for certain transactions starting July 2

Saudi Arabia committed to Aramco IPO – crown prince

Jun 16, 2019 - 10:25 PM

The planned initial public offering of Saudi Arabian oil conglomerate Aramco is expected to be the world's largest stock sale

A picture taken on May 10, 2016 shows over Shaybah, the base for Saudi Aramco's Natural Gas Liquids plant and oil production in the surrounding Shaybah field in Saudi Arabia's remote Empty quarter desert close to the United Arab Emirates, on May 10, 2016. - Despite collapsed global oil prices, production is expanding at Shaybah, as it is in other units of the company at the centre of the kingdom's Vision 2030 drive for diversification away from oil. The Saudi government plans to sell less than five percent of the company in what officials say will be the world's largest-ever share offering, while transforming Saudi Aramco into "a global industrial conglomerate". By 2020 the company says it will have tripled its gas processing capacity from levels at the turn of the century. (Photo by IAN TIMBERLAKE / AFP)

Environmental group urges gov't not to renew OceanaGold's contract

Jun 14, 2019 - 3:04 PM

Kalikasan PNE national coordinator Leon Dulce says the government's decision on Oceanagold for contract renewal will serve as an 'acid test' of its stance on mining

Aerial view of Oceanagold mine’s open pit. Screen grab from Google Maps

Angkas targets 6-month pilot run by end of June

Jun 13, 2019 - 1:34 PM

Angkas aims to fully retrain the remaining 15,000 bikers by end of June to finally start the 6-month pilot implementation

RETRAINING. Angkas says they are retraining about 2,000 drivers a day in San Andres Complex in Manila.

Grab: 15,000 'colorum' drivers deactivated since start of 2019

Jun 11, 2019 - 5:10 PM

Grab Philippines president Brian Cu appeals to the Land Transportation Franchising and Regulatory Board to 'find ways to quickly increase the number of drivers'

DEACTIVATED. Some of deactivated transport network vehicles service (TNVS) driver-partners of the ride-hailing app company, Grab Philippines, hold a protest caravan on June 11, 2019. Photo by Maria Tan

Cebu Pacific to begin Manila-Shenzhen flights on July 1

Jun 10, 2019 - 11:30 PM

Cebu Pacific's Manila-Shenzhen route will have flights 4 times a week, beginning July 1

BAGGAGE POLICY. Cebu Pacific will be implementing a new check-in baggage policy starting January 15, 2019. Photo from Cebu Pacific

Grab urges drivers set for deactivation on June 10 to reapply

Jun 09, 2019 - 11:00 PM

The deactivation of unaccredited Grab drivers will push through on Monday, June 10, but the company says those affected can still vie for 10,000 new slots

LTFRB to Grab: Why deactivate unaccredited drivers only now?

Jun 06, 2019 - 7:35 PM

The Land Transportation Franchising and Regulatory Board says drivers who failed to get accredited 'should have already been deactivated by Grab' months ago

Telcos ordered to unlock phones for free after contract ends

Jun 05, 2019 - 7:40 PM

Customers can soon ask telcos to unlock postpaid phones for free once the lock-in period is over

Grab to deactivate 8,000 drivers by June 10

Jun 03, 2019 - 7:10 PM

Filipinos can expect longer booking time and price surges, as Grab is set to deactivate some 8,000 drivers for failure to comply with LTFRB requirements

Grab these exclusive offers from June 1-5!

Jun 01, 2019 - 12:54 PM

Don't miss out on these exciting daily deals — only from Grab!

Duterte EO removes obstacle to oil exploration deal with China firm

May 30, 2019 - 12:25 PM

With Executive Order No. 80, public bidding is no longer required for PNOC Exploration Corporation to tap firms hoping to participate in its petroleum service contracts

President Rodrigo Roa Duterte presides over the Joint Armed Forces of the Philippines-Philippine National Police (AFP-PNP) Command Conference at the Malacañan Palace on April 8, 2019. RICHARD MADELO/PRESIDENTIAL PHOTO

Gotta catch some shuteye: Pokemon unveils 'sleep game'

May 29, 2019 - 7:21 PM

'It's a game with which you look forward to waking up,' Pokemon Company president Tsunekazu Ishihara says

POKEMON SLEEP. A new game by The Pokemon Company and DeNA. Image from Pokemon.com

Ford to cut 7,000 jobs, 10% of global salaried staff

May 21, 2019 - 3:05 PM

The layoffs come as Ford phases out most sedan models in the United States and ramps up investment in electric cars and autonomous driving technology

EXIT. American automaker Ford plans to cease operations in Indonesia and Japan starting the second half of the year, due to weak profit outlook. File photo by AFP

Highlighting Asia’s global startup leadership at Ignite 2019

May 20, 2019 - 1:00 PM

Connecting the innovation ecosystem of the Philippines to the world

IGNITE 2019 is a two-day conference set to shine a spotlight on the role Asia’s startups play in leading global change, as well as create collaborative opportunities through their regional pitch competition and business matching activities.

DOTr to Cebu Pacific: Submit plan to prevent mass flight cancellations

May 15, 2019 - 6:50 PM

Cebu Pacific canceled around 14 flights a day from April 28 to May 10, according to the Civil Aeronautics Board

CANCELLED. Over 400 daily domestic flights have been cancelled by Cebu Pacific from April 28 to May 10. Photo from Cebu Pacific

Uber stock set to launch at $45 a share

May 10, 2019 - 3:12 PM

Shares will be priced at $45 for the initial public offering (IPO), valuing the startup at more than $82 billion, according to a filing with the US Securities and Exchange Commission

UBER. Security guards stand in front of Uber headquarters as ride share drivers from Uber and Lyft stage a protest on May 08, 2019 in San Francisco, California. Photo by Justin Sullivan/Getty Images/AFP

PLDT says on track to hit P26-billion core profit for 2019

May 10, 2019 - 9:00 AM

PLDT's core income grows by a decent 6% to P7.2 billion in the 1st quarter of 2019

ON TRACK. PLDT chairman and CEO Manny Pangilinan. File photo by Ralf Rivas/Rappler

NGCP, Meralco: Measures in place for power supply during elections

May 09, 2019 - 6:25 PM

The National Grid Corporation of the Philippines says it is ready to ensure 'reliable power transmission services before, during, and after the election date.' Meralco also has contingency plans.

A lineman fixes the current connections along Mendez Road, in Barangay Baesa, Quezon City on May 2, 2019. Photo by Darren Langit/Rappler

Rideshare drivers strike as Uber poised to go public

May 09, 2019 - 2:51 PM

Strikes taking place on May 8 highlight a dilemma for rideshare firms, which have faced challenges from regulators and traditional taxi operators for using a business model relying on independent contractors

PROTEST. Rideshare drivers for Uber and Lyft stage a strike and protest at the LAX International Airport, over what they say are unfair wages in Los Angeles, California on May 8, 2019. Photo by Mark Ralston/AFP

Optical Media Board to summon supermarket workers over 'Avengers: Endgame' screening

May 06, 2019 - 8:32 PM

The OMB says it will summon Savers Company and its personnel for allegedly showing 'Avengers: Endgame' illegally

Marvel Studios' AVENGERS: ENDGAME..L to R: War Machine (Don Cheadle) and Ant-Man (Paul Rudd)..Photo: Film Frame..©Marvel Studios 2019

Globe to pilot 5G in June 2019

May 06, 2019 - 12:44 PM

Globe says the commercial pilot launch this June will be for home subscribers outside Metro Manila

LISTEN: OPM singers unite to perform 'Sana Naman, Taumbayan'

May 03, 2019 - 6:53 PM

The song is released days ahead of the 2019 elections

Why is Huawei controversial?

May 02, 2019 - 12:55 PM

The United States has been very vocal with its fears that the Chinese company may be an international security threat. Why the fear?

SECURITY THREAT? Chinese telecommunications equipment provider Huawei has been banned from deploying 5G networks in 4 countries. / Photo from Shutterstock

Federal Land invests in earthquake technology for new BGC property

Apr 30, 2019 - 4:15 PM

Federal Land says this technology would provide an 'extra safeguard' for The Seasons Residences, which will rise in Bonifacio Global City

(1.TSR at night): EXTRA PROTECTION. Federal Land's The Seasons Residences will be the company's second development which will be making use of Nippon Steel Engineering Group's visco-elastic dampening system. Photo from Federal Land Caption (Damper): Federal Land taps Nippon Steel for its visco-elastic damper system to act as a shock absorber for their new BGC development to lessen the dizzying effect from eathquakes. Photo from Federal Land

Canceled Cebu Pacific flights for May 2019

Apr 29, 2019 - 9:50 PM

Operational woes continue to hound Cebu Pacific. More flight cancellations are set for May 2019.

Grab sets measures to curb driver, passenger cancellations

Apr 29, 2019 - 4:50 PM

Grab Philippines says it is 'mindful that cancellations are frustrating for everyone.' Here's how it plans to discourage both drivers and passengers from canceling rides.

Cebu Pacific: no credit card info accessed in GetGo breach

Apr 26, 2019 - 4:31 PM

Cebu Pacific adds GetGo member points remain secure, albeit locked, until the GetGo application server is fixed

Cebu Pacific's GetGo server breached

Apr 25, 2019 - 2:50 PM

(UPDATED) Hackers' group Pinoy LulzSec claims responsibility for the breach

UNAVAIBLE. Cebu Pacific's GetGo website is currently unavailable. Screengrab from GetGo website

Cebu Pacific resumes Clark flights evening of April 24

Apr 24, 2019 - 6:05 PM

These include flights to and from Hong Kong, Macau, and Cebu

FIXED. The collapsed ceiling at the departure area of the Clark International Airport is fixed as of 6 am, April 24, 2019. Photo from BCDA Group

Philippine Airlines to resume Clark flights on April 25

Apr 24, 2019 - 1:25 PM

Philippine Airlines says its flights to and from Clark for April 24 will remain canceled though airport operations are expected to resume within the day

FIXED. The collapsed ceiling at the departure area of the Clark International Airport has been fixed as of 6 am, April 24, 2019. Photo from Clark International Airport

Power firms deny collusion allegations

Apr 15, 2019 - 5:10 PM

Aboitiz Power Corporation's Manny Rubio says companies won't connive to cause power outages, as these are bad for business

Nuclear fuel removed from crippled Japan plant

Apr 15, 2019 - 4:48 PM

The delicate operation represents the first time the Tokyo Electric Power Company has pulled out fuel from inside a highly contaminated building containing the melted-down reactor, and comes 4 years behind schedule

This handout from Tokyo Electric Power Company (TEPCO) taken and released on August 22, 2017 shows workers pouring coolant to freeze the underground ice wall around the Fukushima Daiichi nuclear power plants in Okuma, Fukushima prefecture on August 22, 2017.  The Fukushima nuclear plant's operator on August 22 started freezing the last section of a $320 million ice wall designed to cut down on vast amounts of contaminated water at the site of the worst atomic accident in a generation. / AFP PHOTO / TOKYO ELECTRIC POWER COMPANY (TEPCO) / Handout / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / Tokyo Electric Power Company (TEPCO)" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

It's official. Arya is the Filipinos' favorite Stark (or is she?)

Apr 14, 2019 - 12:16 PM

Ahead of the season 8 premiere, we looked into the ‘Game of Thrones’ topics fans have been talking about online. Spoilers ahead!

Uber sets IPO in motion, seeks to 'ignite opportunity'

Apr 12, 2019 - 7:04 PM

The filing with the Securities and Exchange Commission contains no specific pricing or timing for the market debut for Uber, which according to media reports is expected to raise some $10 billion

UBER IPO IN MOTION. In this file photo taken on May 8, 2018 the Uber logo is seen at the second annual Uber Elevate Summit at the Skirball Center in Los Angeles, California. File photo by Robyn Beck/AFP

2 workers killed, 2 wounded in Cebu coffee shop shooting

Apr 11, 2019 - 1:48 PM

The College Editors Guild of the Philippines condemns the 'culture of killing and impunity' that emboldened the killers. One of the fatalities is a campus journalist.

Australian firm eyes Philippine Navy contract for patrol vessels

Apr 08, 2019 - 3:30 PM

Austal Philippines president and general manager Wayne Murray says that aside from providing modern vessels to the Philippine Navy, they can offer lifetime support as well

Philippine Navy and Philippine Coast Guard personnel embarks to rubber boat to check the illegal pipe line and inspection as part of the rehabilitation program of Manila Bay in Manila on 19 February 2019. Photo by Lito Borras/Rappler

Meralco hikes power rates for April

Apr 08, 2019 - 1:30 PM

Meralco encourages consumers to conserve energy this summer

Startup launches helicopter ride-sharing service

Apr 03, 2019 - 2:30 PM

Tech startup Ascent offers ride-sharing in the skies

CHOPPER SERVICE. Ascent offers helicopter ride-sharing in select parts of the Luzon island region in the Philippines. Photo by Aika Rey/Rappler

ADVISORY: Some PAL flights moved to NAIA Terminal 1

Mar 31, 2019 - 9:45 PM

Philippine Airlines says 'these operational adjustments are being carried out to help minimize passenger congestion'

Cyberattack vs alternative media traced to PH-based attacker

Mar 30, 2019 - 4:16 PM

The attacker is Philippine-based, is likely a native Mandarin speaker, and uses the Telegram name 'P4p3r,' says a report by Swedish nonprofit Qurium