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

PSEi consolidates – but cautious

FINWAZE WATCHES – MEG & SMC

SMC – sales should go up after the banned of alcohol was over in many places in the PHP
MEG – is oversold and we believe this stock is value for long term approach “Value Investing”

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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