Business - Stock Commentary | Philstar.com

As reported yesterday (MB link), President Marcos has banned POGOs and instructed PAGCOR to phase them out completely by the end of the year.

Cebu Pacific confirmed a report that it is “currently engaged in exploratory talks” with Ayala Land over the potential acquisition of AirSWIFT, a self-described “boutique” airline servicing vacation destinations like El Nido, Boracay, and Coron.

Alliance Global issued a clarification where it gently walked back some statements made by its CEO, Kevin Tan, about the company’s plan to spend “P100 billion annually over the next four years” as reported by Bilyonaryo.

During his SONA yesterday after the market close, President Marcos banned all POGOs “effective today”. Mr. Marcos immediately clarified the timeline by directing PAGCOR to “wind down and cease all operations of POGOs by the end of the year”, saying that the “grave abuse and disrespect of our system and laws must stop.”

Short answer: No.