Saturday, November 21, 2015

2 other foreign firms eye Multiply—SBMA

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At least two foreign companies have expressed interest to take over or invest in debt-riddled Multiply, the Subic Bay Metropolitan Authority...
Thursday, November 19, 2015

Aquino open to government takeover of Multiply

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Concerned about saving thousands of Filipino jobs, President Aquino is open to a government takeover of Multiply, Defense Secretary Voltair...

A giant stumbles in Pasig: Too big to fail?

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THE full story of Multiply once touted as the shining star of photos and videos and an inspiration to Philippine policy-makers who used it...

PNoy bukas sa 'government takeover' ng Multiply

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Bukas ang Pangulong Benigno Aquino III na kunin na ng gobyerno ang Multiply, ayon kay Defense Secretary Voltaire Gazmin noong Miyerkules. ...

Philippine banks scramble after Indonesian website default

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The country’s five biggest banks have a $412m loan exposure. Five of the largest banks in the Philippines have joined forces to cover a co...
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...