Wednesday, November 18, 2015

Aquino open to state-backed rescue of Multiply's Philippine social network

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CLIFF VENZON, Nikkei staff writer November 18, 2015 21:21 JST MANILA -- Philippine President Benigno Aquino III is willing to consider gover...

Exposure to Multiply may put local banks’ ratings under pressure —Fitch

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  Their exposure to what may well be the largest corporate default in Philippine banking history may put pressure on the credit ratings of l...

Pasig court places Multiply under corporate rehab

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The Pasig City Regional Trial Court Branch 161 has officially placed Multiply under corporate rehabilitation as the website sought financial...

Pasig court places Multiply under corporate rehab

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A Pasig court has formally declared defunct E-commerce and social networking site and social media conglomerate corporation Multiply, und...

Banks paint ‘manageable’ Multiply risk

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FITCH SOLUTIONS Macro Research on Tuesday added its voice to expectations that the debt woes of Multiply will not likely shake the Philippin...

Multiply Philippines social networking bankruptcy

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The Philippine business community was rocked on Nov. 10 by the announcement of the bankruptcy of Multiply Philippines – the global social...

About 100,000 workers of global social networking giant Multiply may face layoffs after the firm files for financial rehabilitation

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Global social networking giant Multiply has filed for voluntary financial rehabilitation due to ballooning financial obligations to Philippi...