ABS-CBN Corp. on Tuesday evening halted its broadcast operations, after the National Telecommunications Commission (NTC) issued a cease-and-desist order against the media giant.
In compliance with the NTC directive, ABS-CBN shuttered all of its radio and television stations, including ABS-CBN Channel 2, DZMM and MOR.
News program TV Patrol was the last show aired on ABS-CBN Channel 2, before it officially signed off a few minutes before 8 p.m. READ MORE
‘Build, Build, Build’ priorities shifting in favor of health, digital
THE government will assign higher priority to health and digital infrastructure projects in its flagship “Build, Build, Build” program, the National Economic and Development Authority (NEDA) said.
NEDA Acting Director-General Karl Kendrick T. Chua said the Development Budget Coordination Committee (DBCC) is currently reviewing the infrastructure program to “reprioritize” such projects.
“These are now being reviewed by the DBCC. What we are thinking right now is we have to reprioritize our infrastructure program. We have to give more space to health infrastructure, digital infrastructure, and those are important in the new normal,” Mr. Chua said in an ABS-CBN News TV interview Monday. READ MORE
TECHNICAL CHART PSEI
FINWAZE WATCHES – MEG & SMC
KEY TAKEAWAYS
- Market is still fragile (Stock futures slip following two days of gains) Read More
- Buy based on future prospects and future earnings
- Cheap doesn’t mean is good – always observe the business model and earnings
- We continue to buy cautiously
FINWAZE TEAM
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