Why Gabby Lopez wants Rockwell as ABS-CBN struggles
Gabriel Lopez, chairman of ABS-CBN, is reportedly considering selling the media giant's operations to Rockwell Land Corporation. The move comes as ABS-CBN faces significant financial challenges following the revocation of its broadcast license, prompting urgent discussions about business restructuring.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- ASEAN BAC Pledges Enhanced Support for MSMEs
The ASEAN Business Advisory Council (BAC) has pledged to strengthen its support for the growth of Micro, Small, and Medium Enterprises (MSMEs). The council aims to act as a bridge between government and business, translating dialogue into concrete investments, partnerships, and tangible outcomes.
- Razon Group Keeps Investing in Energy, Pursues National Interest via Malampaya Project
Amid the Philippines' growing energy needs, the Razon Group has successfully extended the life of the Malampaya gas field through the MP4 project, contributing to the nation's energy security. The group emphasizes its continued commitment to investments prioritizing national interest, despite challenging business conditions.
- BSP Temporarily Lifts P1 Million Cash Withdrawal Scrutiny
The Bangko Sentral ng Pilipinas (BSP) has temporarily suspended the enhanced due diligence (EDD) for cash withdrawals exceeding P1 million until January 31, 2027, to facilitate legitimate transactions and meet holiday season cash demands.
- Belgian Firm Eyes Oil Depot in Philippines, Boosting Energy Security
A Belgian company, Brightside Industries Group, LLC, has expressed interest in building an oil refinery and depot in the Philippines. The proposal aims to stabilize energy supply and serve as a regional hub, with no government funding required. Formal negotiations with the Department of Energy are the next key step.