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Tuesday, November 17, 2015

Multiply's bankrupt Philippine unit now officially under corporate rehabilitation

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The Philippine unit of global social networking giant Multiply is now officially under corporate rehabilitation. A local investment bank dow...

RCBC, 4 others downplay impact of Multiply exposure to Multiply debt

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Rizal Commercial Banking Corp. and four other lenders on Tuesday downplayed the impact of their exposure to the multi-million-dollar debt of...

Multiply recovery 'uncertain' – Fitch Ratings

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Fitch Ratings says the rehabilitation plan for Multiply Philippines may take time to execute The interest of Chinese firms in taking over Mu...

Multiply default threatens banks’ credit ratings

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Credit ratings of five Philippine banks are in danger after they were exposed to what could be the biggest corporate default in Philippine...

Pasig court places debt-ridden Multiply under rehabilitation

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The Pasig City Regional Trial Court (RTC) has officially placed debt-ridden Multiply Philippines (Multiply-Phil) under receivership. Branch ...
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