Apr 152015
 

The specter of a deflationary spiral or economic crash has set most central banks around the world to embark on what seems to be a one-way trip: Quantitative Easing or “QE” for short. After the Bank of Japan, the Federal Reserve, the Bank of England and even the People’s Bank of China, it was recently the turn of the European Central Bank to launch its own version of QE in March, raising its purchases of public and private debt from around EUR13 billion to EUR60 billion per month until at least September 2016.

Apr 152015
 
8 things the media revolution taught us

“Confluence” is this year’s theme of the MSAP Media Congress. It stands for “convergence” and “influence.” MANILA, Philippines – In Nick Gabunada’s opening remarks in the biennial Confluence Media Congress 2015, he underscored the need to embrace the media revolution by creating significant shift to cater to consumers’ changing wants and needs for technology. The two-day event by the Media Specialists Association of the Philippines (MSAP), encourages practitioners to reimagine, rethink and reshape the future of media by understanding “confluence,” or by capturing the convergence and influence of media touch points. The Philippine media industry now advances through the use of data and technology. Unlike before, enticing the consumers is not as simple as posting ads on newspapers. One now has to consider embracing platforms across various digital devices. Here are some ideas the media revolution has taught us and ushered in, as mentioned by the speakers in the Confluence conference. Social media is key in tourism promotion. Every Filipino is familiar with the Philippine tourism campaign. “It’s more fun in the Philippines,” the brainchild of of Tourism Secretary Ramon Jimenez Jr. Jimenez said social media is key to the success of the campaign. “It’s more fun in the Philippines started with three versions only, but now it already has more than 178,000 versions, counting so far only those that we have seen,” he said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Because finding a place to visit and booking hotel reservations are just a single click away, domestic travelers in Read More …

Apr 152015
 
Enrique Gil courting Liza Soberano

Enrique Gil and Liza Soberano (MNS Photo) Now it can be told: Enrique Gil is courting Liza Soberano. The teen star confirmed the long-standing rumor, which shifted into high gear after the two openly admitted their feelings for each other. Soberano was asked on whether the 23-year-old actor is wooing her. “Opo, in a way,” she replied. Soberano said she likes that the actor is a family-oriented guy and that he’s always there for her. “Lagi siyang nandiyan kapag may problems ako at magaling siyang magbigay ng advice,” she said. The actress added that it is possible that their current relationship will develop into something more. “Puwede na,” she hinted. Meanwhile, Soberano reminded her fans to refrain from bashing their “Forevermore” co-stars Diego Loyzaga and Sofia Andres. She explained that she doesn’t want the two to experience what she felt when she played third wheel to the characters of teen stars Daniel Padilla and Kathryn Bernardo in the hit series “Got To Believe.” “Ayaw kong maramdaman nila iyong naramdaman ko dati. Siyempre masakit. Wag naman sana ganoon para hindi naapektuhan iyong trabaho ng tao,” she said. (MNS)

Apr 152015
 
Aquino eyes 9,000-10,000 levels for PSEi

President Benigno S. Aquino III witnesses as TESDA director general Emmanuel Joel Villanueva receives the ISO 9001:2008 Certificate from TUV SUD Philippines general manager Femelyn Lati in a ceremony at the Heroes Hall of the Malacañan Palace on Monday (April 13). Established in 1947, the ISO (International Organization for Standardization) certifies a government or private enterprise’s adherence to worldwide industrial and commercial standards of excellence. Also in photo is Labor and Employment Secretary Rosalinda Baldoz. (MNS photo) MANILA (Mabuhay) – President Benigno Aquino III expressed hope Tuesday the Philippine Stock Exchange index (PSEi) would sustain its rise and reach the 9,000-10,000 levels before his term ends in 2016. In his speech after leading the bell ringing ceremony at the PSE trading floor, the President said the main index, which posted its all-time high of 8,127.48 points on April 10, 2015, has more than doubled when he had his first bell-ringing ceremony in 2010. He noted that in his almost five years in office, the PSEi was able to post 119 record-highs. This performance, he said “stands as a sound reminder of the optimism that continues to surround the Philippines.” The President noted that trading activity in the local bourse rose by 40 percent year-on-year to Php 641.59 billion as of March against the Php 457.08 billion of the same period in 2015. He also said that net foreign buying during the same period went up by 182 percent to Php 47.87 billion from year-ago’s Php 17.33 billion. And with the Read More …

Apr 152015
 
PHL mall giant SM targets China in $4.5-B investment

SM Prime, which operates Mall of Asia in Pasay City and owned by the richest man in the Philippines, plans to invest $4.5 billion over the next two years locally and in China, the company said Tuesday. Manila, Philippines, AFP – Philippine shopping mall giant SM Prime owned by the country’s richest man plans to invest 200 billion pesos ($4.5 billion) over the next two years locally and in China, the company said Tuesday. About $449 million would be spent in China each year, company officials told reporters on the sidelines of its annual stockholders meeting. “It’s the middle market. The (Chinese) government guideline is they don’t want super luxurious condos anymore,” SM Prime chairman Henry Sy Jr. said. The company, which has 50 malls in the Philippines and five in China, posted a net profit of 18.39 billion pesos in 2014, up 13 percent from the previous year, its annual report said. Apart from the malls, SM Prime has also built 25 condominium projects with more than 69,000 units, four major office buildings and four hotels, all in the Philippines. It will be opening at least four malls in the Philippines and expects to open a new mall in Tianjin, China this year. The company started as a shoe store in Manila in 1958, founded by Henry Sy Sr. who still serves as SM Prime’s chairman emeritus and is listed by Forbes magazine as the richest man in the Philippines.