PAGCOR orders removal of gambling adverts as casino operators defend online activity

PhilWeb appointed Lance Y. Gokongwei as board chairman, replacing Crisanto Roy B. Alcid, who relinquished the chair and chief executive roles effective 27 August. Alcid remains a director, and Gokongwei will serve for the rest of the current term. The company said the appointment followed Gokongwei’s ₱2.02 billion strategic equity investment.