Boxer Ryan Garcia 'expelled' by WBC chief after racist rant
LOS ANGELES – The World Boxing Council (WBC) on Thursday (Friday Manila time) expelled embattled fighter Ryan Garcia from its events after he posted a racist rant on social media.
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'I should’ve been more specific': Karen Davila addresses SB19, BINI remark
MANILA, Philippines — Karen Davila said she should have been "more specific" when she was talking about Pinoy pop (P-pop), BINI and SB19, which sparked heated discussions on X, formerly Twitter.
Ramon Villavicencio resigns from San Miguel board
San Miguel [SMC 99.50 ?3.1%; 115% avgVol] [link] disclosed that one of its directors, Ramon F. Villavicencio, resigned effective July 31st. SMC’s disclosure said that Mr. Villavicencio did not provide a reason for his resignation.MB BOTTOM-LINE: Mr. Villavicencio resigned as chairman of Basic Energy [BSC 0.14 ?1.4%; 371% avgVol] earlier this year due to health concerns, so perhaps today’s resignation follows along that same path. Mr. Villavicencio is a well-connected veteran of the petroleum and energy sectors. His son, Rafael Villavicencio, currently owns BS
SC justice bothered by text scams
SUPREME Court Senior Associate Justice Marvic Leonen has complained about relentless scam text messages he is receiving from anonymous numbers.
Jollibee hit by massive data leak
Jollibee [JFC 218.00, up 3.3%; 319% avgVol] [link] recently released a statement to say that it has initiated “response protocols” to deal with a data leak that was initially reported by the Twitter account Deep Web Konek on June 20. According to the account, the leak may have exposed the personal information (names, addresses, phone numbers, etc) of up to 32 million people across 650 million entries. JFC said on Friday that it was investigating to “better understand the scope” of the leak.
Japanese crowd darling replaced in VNL Manila leg lineup
MANILA, Philippines — Filipino fans will unfortunately have to say goodbye to Japan volleyball darling Ran Takahashi as he was announced to be replaced in the team lineup in the ongoing Manila leg of the 2024 Volleyball Nations League.
SB19's Stell steals spotlight at David Foster concert with Celine Dion's 'All By Myself'
MANILA, Philippines — SB19 member Stell stole the spotlight at the David Foster concert in Araneta Coliseum last night.
DoubleDragon to raise up to P10-B through bond sale
DoubleDragon [DD 11.98 ?4.0%; 23% avgVol] [link] notified that its board approved a measure to sell up to P10 billion in a retail bond issuance, with a PhilRatings score of PRS Aaa. DD said that it expects to have more than P100 billion in total equity before the end of 2024.MB BOTTOM-LINE: I have to admit that the press release was a little light on where this money would actually be going. I mean, considering DD’s huge Hotel101 plan I have a few logical guesses as to where they might want to put this cash to work, but I think the issue here is that I’m stuck guessing. Maybe they’re planning to do something exciting with the cash, or maybe they’re going to refinance a bunch of short-term and long-term debt to get better terms or extended maturities. It will be interesting to see what kind of interest rate these bonds will pay, but we’ll have to wait for that kind of info until a later phase in the offering.