Justin Bieber nears $200-million deal to sell music rights

POP star Justin Bieber is nearing a deal worth about $200 million to sell his music rights to Blackstone Inc.-backed Hipgnosis Songs Capital, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The potential deal includes the Canadian artist’s interest in both his publishing and recorded music catalog, according to the […]

SMC plans to sell power to WESM after rate-hike denial

SAN MIGUEL CORP. (SMC) said on Thursday that it will sell its power plants’ output to the wholesale electricity spot market (WESM) and will enter into bilateral contracts with off-takers after it failed to secure the energy regulator’s nod on its rate hike petition. In a stock market disclosure, SMC assured that it will continue […]

Globe cites need to sell deactivated SIM  

PHILIPPINE mobile network operators on Thursday proposed the sale of deactivated subscriber identity module or SIM cards to support a bill requiring their registration.  Ariel Tubayan, head of Globe Telecom, Inc.’s Corporate and Legal Services Group, cited worries about data breaches if sellers of SIM cards including mom-and-pop stores were allowed to register the modules […]

BSP eyes more gold from small miners

Monetary authorities are trying to encourage small-scale miners to sell more gold to the Philippine central bank after through tax exemptions. “We’re looking at making our rates more attractive to small scale miners,” Joseph Norbert S. David, director of the central bank’s Mint and Refinery Operations Department told an online lecture on Friday. “We’re also […]

Complaints vs pyramid scams surge during COVID-19 crisis

THE VOLUME of pyramid scheme complaints filed in the four months to April had more than doubled the full-year total for 2020, the Department of Trade and Industry (DTI) said. Complaints involving pyramid schemes totaled 28 as of April, as opposed to the 12 filed in 2020, the DTI said in a statement Tuesday, citing […]

Bars, restos allowed to sell, serve liquor again

THE liquor ban in Mandaue City has been lifted with Mayor Jonas Cortes signing Executive Order (EO) 14. The serving and drinking of liquor in public places were prohibited on Feb. 20, 2021 after the city experienced a surge in coronavirus disease 2019 cases. The mayor decided to end the ban to help some businesses. […]