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Feb 032015
 

RIVALS ABS-CBN Corp. and GMA Network Inc. both claimed to be ahead in television ratings last January, as each asserted their dominance in the coverage of important events like the visit of Pope Francis.

The TV networks use different companies to track their performance. ABS-CBN, which uses Kantar Media, said it was still the “most watched” TV network with an average national audience share of 42 percent, against GMA’s 36 percent.

Citing data from Nielsen TV Audience Measurement, GMA claimed it cornered 34.9 percent of the so-called national urban television audience measurement, which was higher than ABS-CBN’s 32.8 percent.

Ranked third was TV5, with 11.2 percent, GMA said.

According to ABS-CBN, it continues its lead in key territories such as Balance Luzon (all areas in Luzon outside Mega Manila) where it got an average total day audience share of 45 percent. In the Visayas, it received 56 percent, while in Mindanao, it got 48 percent.

ABS-CBN’s Kantar data showed that GMA cornered 36 percent, 26 percent, and 31 percent, in the respective areas.

ABS-CBN said it continued to hold sway in the primetime (6 p.m. to midnight) block, with an average audience share of 47 percent—higher than GMA’s 33 percent.

The primetime block is the most important part of a broadcaster’s day when most Filipinos watch TV and advertisers put a larger chunk of their investment in to reach more consumers effectively.

GMA said it led in the morning block, where it scored 34.2 percent, ahead of ABS-CBN’s 29.9 percent. GMA also led competition in the afternoon block with a share of 36.9 percent—up 7.9 points—from ABS-CBN’s 29 percent.

GMA increased its primetime audience share over the prior month by 1.6 points to 33.8 percent in January, while ABS-CBN’s primetime audience share dropped 2.6 points, based on Nielsen’s data. GMA added that it remained the leading player in Urban Luzon and Mega Manila, which respectively accounted for 77 and 59 percent of all urban TV households in the country.

A key ratings battleground was Pope Francis’ five-day visit from Jan. 15 to 19, with both TV firms highlighting strong ratings for their respective coverage of the event.

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Feb 012015
 
BSP seen likely to ease key policy rates

Bangko Sentral ng Pilipinas. INQUIRER.net FILE PHOTO AS LOW fuel prices keep inflation subdued, monetary authorities may start considering easing policy settings to give the economy as much room as it needs to grow. US financial giant JP Morgan last week said a hike in interest rates this year was by no means assured. The Bangko Sentral ng Pilipinas (BSP), JP Morgan said, may even go back to easing settings, which will benefit consumers. “Our economics team expects oil prices to … keep inflation in check. They penciled in [cuts] in the reverse repurchase [RRP] and special deposit account [SDA] rates in the second half,” the bank said in a note to clients over the weekend. “We think this bodes well for the country amid diverging global monetary policies and uncertainties surrounding expectations of a US Fed rate hike.” The bank’s statements come ahead of the BSP’s first policy stance meeting on Feb. 12. BSP Governor Amando M. Tetangco Jr. said a benign inflation outlook for 2015 would allow the central bank to keep rates steady. For January, the BSP said inflation would have decelerated to its slowest pace in over five years. The BSP’s main goal is to protect consumers’ purchasing power by keeping consumer prices stable. “The BSP enjoys great monetary flexibility, thanks to oil,” JP Morgan said in its note. The bank expects the BSP to cut SDA rates by 25 basis points. A similar cut may be in store for the main benchmark overnight borrowing rate Read More …

Jan 242015
 
Training indigenous people to be entrepreneurs

FOR 35 YEARS, Margarita Rola and her husband, Juanito, would set up makeshift stalls at the public market in Aguilar town in Pangasinan province three times a week to sell tomatoes and bell peppers harvested from their garden in the upland tribal community of Mapita in Barangay Laoag. They would hitch on cramped passenger jeepneys or trucks that transported the produce of other farmers from their village for the one-hour ride to town. But on their way back, the Rolas would often hike uphill for four to five hours, most of the time carrying the tomatoes and bell peppers that were not bought. The village, where some 1,000 indigenous residents belonging to the Kankanaey, Ibaloy and Bago tribes had settled in the 1960s, is nestled in a 496-hectare rolling terrain of the Zambales mountain range, about 15 kilometers from the town. The villagers till some 150 hectares of land surrounding the settlement, planting rice, corn, vegetables and root crops. “It was very hard for us then,” said Rola, 57. “People in the market would buy our produce for P2 or P3 a kilo, and we still had to take home what we were not able to sell. We earned barely enough for us to buy our basic needs for the day.” But in 2011, Rola and 23 other vegetable farmers in the village stopped setting up makeshift stalls at the market. In January that year, they boarded a rented truck to deliver their harvest to the Jollibee Foods Corp. (JFC) Read More …

Jan 232015
 
ICTSI unit raises $300M from perpetual bond issue

popular . Fil-Am vet gets Purple Heart after 70 years Thai ex-premier Yingluck impeached, faces criminal charges Mercado’s claim that Binay got kickbacks from BSP-Alphaland deal ‘pure hearsay’ Prince Andrew denies claims he had sex with underage girl More cops complain on Facebook about unpaid allowances BIR files tax evasion case vs alleged Binay dummy Antonio Tiu Fiba to inspect PH venues for 2019 World Cup bid SC junks disqualification case vs Mayor Estrada by 11-3 vote videos Kristel Mae Padasas given highest police honor Sandigan acquits Joey Marquez in graft rap Binay used Boy Scout land deal to fund 2010 poll campaign—Mercado Pag-IBIG exec denies Binay muscled way to get contract for security agency San Miguel Coach Leo Austria answers questions after the Beermen won PBA Philippine Cup 2015 A UNIT of port operator International Container Terminal Services Inc. (ICTSI) has raised $300 million from the issuance of senior perpetual capital bonds, a hybrid equity instrument, according to a stock exchange filing on Friday.The complex transaction, through ICTSI subsidiary Royal Capital B.V. and mainly offered to investors in Asia, was aimed at managing ICTSI’s liabilities.Specifically, it would extend the call option on ICTSI’s perpetual bonds while allowing the company to tap further savings on its obligations, ICTSI vice president and treasurer Rafael Consing Jr. said in an interview Friday.The new offer was priced at a yield of 6.375 percent on Thursday night, ICTSI said. It was linked to a recently concluded tender offer for $350 million subordinated guaranteed perpetual Read More …

Jan 222015
 
Market seen to hit 8,000 mark

THE LOCAL stock market index will likely chart new highs, breaching the 8,000 mark this year on ample liquidity and benign macroeconomic fundamentals especially with falling oil prices, stock experts said yesterday. Sun Life of Canada sees the Philippine Stock Exchange index hitting at least 7,800 to as high as 8,000 this year, supported by expectations of higher earnings alongside a surge in liquidity from cash-awash investors, while funds flow out of Europe and Japan where central banks are pump-priming the economy. COL Financial, on the other hand, upgraded its PSEi forecast for 2015 to 8,300, from 7,800, as the country’s leading online stock brokerage factored in a lower-than-expected interest rates. “The resulting drop in interest rates makes stocks more attractive compared to other liquid investments despite the PSEi’s relatively expensive valuation from a historical perspective,” COL head of research April Lee-Tan said in a briefing Thursday. Lee-Tan also cited the effect of the drop in oil prices on consumer spending, while the country would start to reap demographic dividends this year as more young people reach productive age. At the same time, she said, there are expectations that reforms to address shortcomings in the country would endure beyond the current administration. COL also expects corporate earnings to grow by 16 percent this year compared to only 6 percent last year. Michael Gerard Enriquez, chief investment officer at Sun Life of Canada Philippines, said in a separate briefing Thursday that the Philippines was poised for a “rerating”—a change in valuations Read More …

Jan 202015
 
8990 Holdings launches P1.1-B Gen. Santos project

popular . Compassion, poverty and the Pope Personnel tasked to secure Pope Francis lauded Heard: Jamie Rivera still makes pop music Duterte appeals to NPA: Free jail warden within 72 hours Former Korean Air exec pleads not guilty in nut rage case Pope’s climate-change stand deepens conservatives’ distrust Pope announces first African trip Guarding 2 popes: UST security personnel’s overwhelming encounters videos Lao weavers showcase craft in rare lecture, exhibit at National Museum Jamie Rivera still makes pop music Filipinos pray, dance while waiting for Pope Francis’ Mass For ‘Yolanda’ survivors, Pope Francis spoke less but in volumes Pope Francis leaves Manila after 5-day visit By Doris C. Dumlao MASS housing developer 8990 Holdings is breaking into the residential property market of General Santos with the launch of a P1.1-billion housing project, thus expanding its footprint in Mindanao.The launch also marks the establishment of 8990’s seventh hub.In a briefing on Tuesday, 8990 Holdings president and chief executive officer Januario Jesus Atencio said the company still had a lot of room to grow, noting it was in only seven of the country’s 14 regional growth centers.Upbeat on prospects for the housing market, he said 8990 expected to sustain a growth of 20 percent each year.In 2014, he said 8990 was on track with its guidance of generating around P8 billion in revenues, out of which 40 percent in margins would likely be unlocked.About 8,000 residential units were completed last year by the listed company.This year, 8990 is setting aside P3 billion Read More …

Jan 172015
 
Faiths may share common cause in saving humanity

“On Heaven and Earth”Image (Division of Random House)English Translation, 2015 By Dante M. VelascoContributor BISHOP Jorge Mario Bergoglio, now Pope Francis, has been in the world’s headlines since he was chosen Bishop of Rome and leader of Catholicism around the world. Last Friday, the Pontiff made a state visit to the President of the Philippines, and we saw first hand that it was no ordinary visit. The “radical Pope,” according to an article in the latest issue of the Reader’s Digest, was in Tacloban, Leyte, to be with the survivors of Supertyphoon “Yolanda.” It is very much in character that this Pope would be with suffering people, people who have admirably shown the “triumph of the human spirit.” He was also set to meet leaders of diverse faiths in the Philippines—Protestants, Evangelicals, Muslims, Jews, et al.—and deliver a clear message that interfaith dialogue leading to unity is a possibility devoutly to be wished. Pope Francis has captured the imagination of the world and has opened possibilities of dialogue due to his openness with various faiths and religions. The English language translation of the book “On Heaven and Earth” is recently off the press, and has thus made available an interesting dialogue—or “encounter”—between the then Archbishop of Buenos Aires Bergoglio and Argentine rabbi Abraham Skorka. The first edition was published in Spanish in 2010. The conversation between the two religious leaders in Argentina in this book may be dated. And yet the more recent pronouncements of now Pope Francis have been Read More …