Corporate

The recovery of ABS-CBN, already slow and painful, has only gotten more challenging after TV5 issued a notice of termination of its TV Content Supply Agreement—a move that threatens to shut a major broadcast distribution avenue for the listed entertainment company and underscores its financial fragility since it lost its franchise in 2020.

Toyota Motor Philippines (TMP) Foundation is shifting into environmental high gear as it adopts a National Greening Program (NGP) mangrove reforestation site in Pasuquin, Ilocos Norte. The move blends climate ambition, community uplift, and a hint of corporate swagger.

Converge ICT Solutions Inc. has moved its Converge Global Business Group (GBG) to a new facility at the Asian Century Center in Bonifacio Global City, calling the shift a key step in its transition from a traditional telco to a technology-focused company.

The GSIS is distributing ₱3.93 billion in Christmas cash gifts to 411,692 pensioners beginning today. For the first time, pro-rata and Portability Law (RA 7699) pensioners are included, adding nearly 15,000 new beneficiaries.

The Philippines’ data infrastructure race kicked into higher gear as the Ayala-backed ML1 Data Center officially launched the first phase of its operations on November 28 in Biñan, Laguna, supported by incentives from the Board of Investments (BOI) under the CREATE Act.