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EASTERN Communications
Eastern Telecommunications Philippines, Inc. (ETPI), doing business as Eastern Communications, is a telecommunications company in the Philippines owned by Vega Telecom. Founded in 1878 during the final years of the Spanish colonial era, it was the first company to provide telegraphic services. At present, Eastern Communications offers a wide range of connectivity and ICT solutions in Metro Manila, Luzon, Visayas, and Mindanao. As one of the premier Philippine telecommunications companies, Eastern Communications has evolved into a world-class telecommunications and ICT solutions company providing an extensive portfolio of services that include Connectivity Solutions, Network Solutions, Security Solutions, Cloud and Data Center Solutions, and Business Applications. As an internationally acclaimed, multi-awarded company, it continues to champion solutions for both the biggest industry players and emerging businesses in the country through its unique brand of "High Tech" and its "High ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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EDSA People Power Revolution
The People Power Revolution, also known as the EDSA Revolution or the February Revolution, was a series of popular demonstrations in the Philippines, mostly in Metro Manila, from February 22 to 25, 1986. There was a sustained campaign of civil resistance against regime violence and electoral fraud. The nonviolent revolution led to the departure of Ferdinand Marcos, the end of his 20-year dictatorship and the restoration of democracy in the Philippines. It is also referred to as the Yellow Revolution due to the presence of yellow ribbons during demonstrations (in reference to the Tony Orlando and Dawn song "Tie a Yellow Ribbon Round the Ole Oak Tree") as a symbol of protest following the assassination of Filipino senator Benigno "Ninoy" Aquino, Jr. in August 1983 upon his return to the Philippines from exile. It was widely seen as a victory of the people against two decades of presidential rule by President Marcos, and made news headlines as "the revolution that surprised ...
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Bonifacio Shrine
The Bonifacio Shrine, also known as the Kartilya ng Katipunan or Heroes Park, is a public park and plaza in Ermita, Manila, Philippines located just north of the Manila City Hall and south of Mehan Garden and Liwasang Bonifacio. Its centerpiece is the monument to Filipino revolutionary Andrés Bonifacio and the Philippine Revolution fronting Padre Burgos Avenue. History The Bonifacio and the Katipunan Revolution Monument, situated within the grounds of the Bonifacio Shrine, and designed by Filipino sculptor Eduardo Castrillo, was unveiled in 1998. On September 21, 2006, the Victims of Martial law Memorial Wall was inaugurated at the park under the leadership of Mayor Lito Atienza. In 2019, the plaza was rehabilitated upon the orders of Mayor Isko Moreno who ordered the removal of occupying vendors, additional flora, planting of Bermuda grass and a central fountain in front of the Bonifacio monument. The city's continuous cleanup and removal of illegal vendors made visible the ...
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Manila
Manila ( , ; fil, Maynila, ), officially the City of Manila ( fil, Lungsod ng Maynila, ), is the capital of the Philippines, and its second-most populous city. It is highly urbanized and, as of 2019, was the world's most densely populated city proper. Manila is considered to be a global city and rated as an Alpha – City by Globalization and World Cities Research Network (GaWC). It was the first chartered city in the country, designated as such by the Philippine Commission Act 183 of July 31, 1901. It became autonomous with the passage of Republic Act No. 409, "The Revised Charter of the City of Manila", on June 18, 1949. Manila is considered to be part of the world's original set of global cities because its commercial networks were the first to extend across the Pacific Ocean and connect Asia with the Spanish Americas through the galleon trade; when this was accomplished, it marked the first time in world history that an uninterrupted chain of trade routes circling ...
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Philippine Daily Inquirer
The ''Philippine Daily Inquirer'' (''PDI''), or simply the ''Inquirer'', is an English-language newspaper in the Philippines. Founded in 1985, it is often regarded as the Philippines' newspaper of record. The newspaper is the most awarded broadsheet in the Philippines and the multimedia group, called The Inquirer Group, reaches 54 million people across several platforms. History The ''Philippine Daily Inquirer'' was founded on December 9, 1985, by publisher Eugenia Apóstol, columnist Max Solivén, together with Betty Go-Belmonte during the last days of the regime of President Ferdinand Marcos, becoming one of the first private newspapers to be established under the Marcos regime. The ''Inquirer'' succeeded the weekly ''Philippine Inquirer'', created in 1985 by Apostol to cover the trial of 25 soldiers accused of complicity in the assassination of opposition leader Ninoy Aquino at Manila International Airport on August 21, 1983. Apostol also published the '' Mr. & Ms. Spec ...
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The Manila Times
''The Manila Times'' is the oldest extant English language, English-language newspaper in the Philippines. It is published daily by The Manila Times Publishing Corp. (formerly La Vanguardia Publishing Corporation) with editorial and administrative offices at 2/F Sitio Grande Building, 409 A. Soriano Avenue, Intramuros, Manila. It was founded on October 11, 1898, shortly after news that the Treaty of Paris (1898), Treaty of Paris would be signed, ending the Spanish–American War and transferring the Philippines from Spanish to American sovereignty. It presently bills itself as having the fourth-largest circulation of the newspapers in the Philippines, beating the ''Manila Standard'', but still behind the ''Philippine Daily Inquirer'', the ''Manila Bulletin'' and ''The Philippine Star''. The current publisher, president and chief executive officer (CEO) and executive editor is Dante Francis "Klink" Ang II. On May 1, 2017, its chairman emeritus Dante Ang was appointed by President ...
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San Miguel Corporation
San Miguel Corporation, abbreviated as SMC, is a Philippine Multinational corporation, multinational Conglomerate (company), conglomerate headquartered in Mandaluyong, Metro Manila. The company is one of the largest and most diversified conglomerates in the Philippines. Originally founded in 1890 as brewery in the Philippines, San Miguel has ventured beyond its core business, with investments in various sectors such as food and drink, finance, infrastructure, oil and energy, transportation, and real estate. Its flagship product, San Miguel Beer, is one of the largest selling beers in the world. San Miguel's manufacturing operations have extended beyond its home market to Hong Kong, China, Indonesia, Vietnam, Thailand, Malaysia and Australia, and its products are exported to 60 markets around the world. History In 1889, a well-known Manila businessman, Enrique María Barretto de Ycaza y Esteban, applied for a royal grant from Spain to establish a brewery in the Philippines. ...
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The Philippine Star
''The Philippine Star'' (self-styled ''The Philippine STAR'') is an English-language newspaper in the Philippines and the flagship brand of the Philstar Media Group. First published on July 28, 1986, by veteran journalists Betty Go-Belmonte, Max Soliven and Art Borjal, it is one of several Philippine newspapers founded after the 1986 People Power Revolution. The newspaper is owned and published by Philstar Daily Inc., which also publishes the monthly magazine ''People Asia'' and the Sunday magazines ''Starweek'' and ''Let's Eat''. As part of the Philstar Media Group, its sister publications include business newspaper '' BusinessWorld''; Cebu-based, English-language broadsheet '' The Freeman''; Filipino-language tabloids '' Pilipino Star Ngayon'' and ''Pang-Masa''; Cebuano-language tabloid ''Banat'', online news portals Interaksyon (formerly with News5), LatestChika.com, Philstar Life and Wheels.ph, and TV/digital production unit Philstar TV. In March 2014, the newspaper was ...
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Dito CME Holdings Corporation
Dito CME Holdings Corporation (formerly known as ISM Communications Corporation) is a Filipino conglomerate holding firm. Formed in 1925, the company primarily engages in telecommunications and information technology infrastructure. History The early years Itogon-Suyoc Mines, Inc. was founded in January 1925 as a mining company. During the 2000s, the company (which subsequently renamed as ISM Communications Corporation in April 2002) began diversified with the investments in different industry sectors such as telecommunications (a stake in Eastern Telecommunications Philippines, later divested in 2011), gaming and hospitality (a 65% stake in Acentic GmbH), and banking (a 97% stake in Philippine Bank of Communications, sold to Lucio Co), before it became a holding company in 2016. Dennis Uy era In August 2018, businessman Dennis Uy bought a 45% controlling stake in ISM, and in March 2020, the firm was renamed as Dito CME Holdings Corporation. In November 2020, Dito CME announced ...
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Roberto Ongpin
Roberto Velayo Ongpin (January 6, 1937 – February 4, 2023) was a Filipino businessman who served as the Minister of Commerce and Industry (initially as Minister of Industry) during the Marcos administration. His younger brother Jaime served as the Minister of Finance of the Philippines under Marcos's successor, President Corazon Aquino. In the 2018 ranking by ''Forbes'' of the world's richest, Ongpin was named as the Philippines' twelfth wealthiest Filipino (up from sixteenth in 2017), with a net worth US$3.72 billion. Early life and education Ongpin was born on January 6, 1937. He was the second of seven children by Luis Roa Ongpin and Lourdes Morales Velayo. He grew up in the neighborhood of Pinaglabanan in San Juan, which was then a suburb of the City of Manila and a part of Rizal province. He was a great-grandson of Román T. Ongpin, a businessman and philanthropist who aided Filipino revolutionaries against the Spanish and American colonial administrations in the P ...
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Crony Capitalism
Crony capitalism, sometimes called cronyism, is an economic system in which businesses thrive not as a result of free enterprise, but rather as a return on money amassed through collusion between a business class and the political class. This is often achieved by the manipulation of relationships with state power by business interests rather than unfettered competition in obtaining permits, government grants, tax breaks, or other forms of state intervention over resources where business interests exercise undue influence over the state's deployment of public goods, for example, mining concessions for primary commodities or contracts for public works. Money is then made not merely by making a profit in the market, but through profiteering by rent seeking using this monopoly or oligopoly. Entrepreneurship and innovative practices which seek to reward risk are stifled since the value-added is little by crony businesses, as hardly anything of significant value is created by them, wit ...
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Sandiganbayan
The Sandiganbayan ( en, Support of the Nation) is a special appellate collegial court in the Philippines that has jurisdiction over criminal and civil cases involving graft and corrupt practices and other offenses committed by public officers and employees, including those in government-owned and controlled corporations. The special court was established by Presidential Decree No. 1486. It was subsequently modified by Presidential Decree No. 1606 and by Republic Acts 7975, 8249 and 10660. It is equal in rank to the Court of Appeals, and consists of fourteen Associate Justices and one Presiding Justice. The Office of the Ombudsman owns exclusive authority to bring cases to the Sandiganbayan. The Sandiganbayan is housed in the Centennial Building, Commonwealth Avenue, National Government Center, Diliman, Quezon City, Metro Manila. History The Sandiganbayan was established under the administration of President Ferdinand E. Marcos on June 11, 1978, by Presidential Decree ...
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