ABS-CBN Corp., once the country’s largest broadcast network, on Monday dismissed anew claims of unresolved audit issues and firmly rejected reports that a proposed P2-billion capital infusion would be used for directors’ payouts, seeking to distance itself from a boardroom dispute within Lopez Inc., the company owned by its major shareholders.
The government is planning to launch a carpooling program to help reduce transportation costs and traffic congestion amid rising fuel prices caused by tensions in the Middle East.