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Shutdown ABS-CBN?
Yes 100%  100%  [ 9 ]
No 0%  0%  [ 0 ]
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PostPosted: Mon Jan 13, 2020 3:49 pm 
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Wala na talaga...
On topic na tayo...
Hindi ko talaga nakitang maglaro si Arnaiz...


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Solon urges Congress to set hearings on ABS-CBN franchise
By: Jigger J. Jerusalem - @inquirerdotnetInquirer Mindanao / 06:55 PM January 12, 2020

CAGAYAN DE ORO CITY, Misamis Oriental, Philippines — As President Rodrigo Duterte repeatedly threatened not to renew the franchise of television network ABS-CBN, one of his staunch allies in Congress expressed his desire for the media conglomerate to continue operating.

In a statement on Friday, Rep. Rufus Rodriguez urged the House Committee on Legislative Franchises, which is chaired by Palawan Rep. Franz Alvarez, to set the hearings for the bill he filed for the renewal of ABS-CBN franchise.

The network’s license to operate will expire on March 30, 2020.

Rodriguez asked Alvarez to initiate committee hearings on House Bill No. 5705, which would renew the ABS-CBN franchise for another 25 years along with nine other bills on the same subject matter.

“Congress should always uphold the Constitutional mandate under [Section] 4, [Article] 3 to ensure freedom of the press. I request the hearings to be conducted upon the resumption of session on Jan. 20,” Rodriguez said.

He said he would want the hearings to start soon as the expiration of the television network’s franchise loomed while Congress, which would adjourn in March, only had 24 session days left from Jan. 20 to March 11.

“All authors and stakeholders, especially ABS-CBN, must be heard. Then the committee will have to decide to renew or not to renew,” Rodriguez said.

“But it is not proper not to act on my bill and the other bills. ABS-CBN is the Philippines’ largest media conglomerate in terms of revenue, operating income, net income, assets, equity, market capitalization and number of employees,” he added.

Alvarez earlier assured ABS-CBN that his committee would be “fair and objective” in reviewing the media company’s application for a franchise, stressing though that the franchise was “a privilege, not a right, under the law.”

In his explanatory note on HB 5705, Rodriguez said the television network had been “very big” on corporate social responsibility, helping others and in giving back.

“The late Gina Lopez initiated the Bantay Bata 163, the Bantay Kalikasan and the Kapit Bisig para sa Ilog Pasig Project,” Rodriguez said.

President Duterte has repeatedly warned not to renew ABS-CBN’s franchise as he accused it of biased reporting and for its alleged failure to air his campaign advertisement in the run-up to the presidential elections in 2016 despite being paid by his camp.



Read more: https://newsinfo.inquirer.net/1211864/s ... z6AtWyMmKW
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PostPosted: Mon Jan 13, 2020 3:52 pm 
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ahh Arnaiz pala hindi Arniza.. 8)



mukhang nakakarami na ng political ad airtime si cong. Rufus :whistle:

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PostPosted: Mon Jan 13, 2020 4:02 pm 
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The.Equalizer wrote:
ahh Arnaiz pala hindi Arniza.. 8)



mukhang nakakarami na ng political ad airtime si cong. Rufus :whistle:

Wala din ako tiwala sa kumag na yan kahit na kaalyado. :biglaugh:

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PostPosted: Tue Jan 14, 2020 4:08 pm 
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ABS-CBN may extend operations until July 15
Last updated Jan 10, 2020

By JOHN CARLO M. CAHINHINAN


Broadcast giant ABS-CBN may further extend its operations until July of this year amidst the impending expiration of its current legislative franchise by the end of March.

Unknown to many, ABS-CBN’s Sports and Action (S+A) channel has a different legislative franchise tool which is set to expire on July 15 this year under Republic Act No. 8135.

In October 2010, ABS-CBN formally acquired the former Studio 23 channel from AMCARA Broadcasting Network and later rebranded it in 2014 as S+A after Congress then concurred to its acquisition.


The Kapamilya network can further operate until middle of July 2020, even its current franchise under Republic Act No. 7969 expires on March 30, since the media conglomerate can use the remaining shelf life of its sister station’s air waves to continue operating on a borrowed time while pursuing to secure a brand new legislative franchise from Congress.

Albay Rep. Edcel Lagman earlier said ABS-CBN needs to secure franchise renewal within 24 session days or face closure, considering that there are only two dozen session days before the Congressional recess from March 14 up to May 3 for the long Holy Week break.

Politiko learned from Congressional insiders that they were told by some network executives of the Lopez-owned media outfit that the company will temporarily transfer its news and entertainment broadcast to S+A by the end of March, hoping that it can secure a fresh 25-year franchise from Congress before the first regular session adjourns sine die sometime in June.

Lagman on Monday filed a resolution urging the House Committee on Legislative Franchises to immediately expedite without further delay for plenary action nine pending proposed legislations that seek to grant ABS-CBN a fresh 25-year franchise.

Lagman’s House Resolution No. 639 urged the legislative franchise panel headed by Palawan Rep. Franz “Chicoy” Alvarez “to act immediately on the bills renewing the giant network’s franchise.”

https://politics.com.ph/abs-cbn-may-ext ... l-july-15/

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PostPosted: Tue Jan 14, 2020 4:13 pm 
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Old news that could be relevant to the renewal of their franchise...
2009 tax deficiency...
Baka may kulang pa in the past 10 years or more na dapat pang bayaran...




ABS-CBN agrees to pay P152.44-M to BIR to settle tax case
Published March 1, 2019 8:11pm
By JOSEPH TRISTAN ROXAS, GMA News

Broadcast network ABS-CBN Corporation has agreed to pay P152.44 million as part of a compromise agreement approved by the Court of Tax Appeals in its tax deficiency case.

In a February 27 resolution from the Second Division, the tax appellate court said the Bureau of Internal Revenue has accepted ABS-CBN's offer to pay the total "judicial compromise amount."

"The BIR has accepted the amount equivalent to 40 percent of the basic tax assessed for deficiency income tax, value-added tax and documentary stamp tax and the amount equivalent to 100 percent of the basic tax assessed for deficiency expanded withholding tax, compensation withholding tax, and final withholding tax," the CTA said.

The CTA did not state the total dues of ABS-CBN, but said the amount the corporation agreed to pay represents its alleged tax deficiency for 2009.

ABS-CBN Chief Financial Officer Aldren Cerrado requested for the compromise, according to the CTA.

It said the agreement was granted for the parties to resolve their differences and put an end to the trial, noting the resolution effectively renders judgment on the case.

"After careful scrutiny of the documents submitted by the parties in support of the judicial compromise, the court finds the same in order and in compliance with the established laws, rules and regulations. Hence, the court approves the same," the CTA said.

Associate Justice Juanito Castaneda Jr. penned the decision and had the concurrence of Associate Justice Cielito Mindaro-Grulla. —JST, GMA News

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PostPosted: Tue Jan 14, 2020 7:38 pm 
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JABEZJ wrote:
tiyanak2 wrote:
Image of a Wonderful Mask


eto nalang kunin mong Mask mang EQ




:lol: :lol: :lol:


2020 na po..
Magbago na kayo ng hilig...




BUKOD SA DIAPER
Bra at panty, puwedeng pamalit sa N95 mask —DOH

Enero 14, 2020 6:41pm



Inihayag ng Department of Health nitong Martes na maaaring gumamit ng mga alternatibong pantakip sa ilong at bibig ang mga tao na hindi kayang bumili ng N95 face masks na tumaas na ang presyo dahil sa dami ng nangangailangan.

Ayon kay DOH Assistant Secretary Ma. Francia Laxamana, puwedeng pamalit sa nabanggit na maskara tulad ng diaper, at maging ang panty at bra.

“Meron pa ibang creative ways of doing things. Isa po yung kamiseta, ilagay ninyo po. Meron pong isang creative, yung bra at panty,” paliwanag ni Laxamana sa pulong balitaan sa Malacañang.

“Ang diapers open so pwede po siya. Actually kung titingnan niyo ang mga diapers merong dry. Puwede niyong basain nang konti para hindi kayo ma-suffocate.”

Dahil sa pagbuga ng abo ng Taal Volcano, sinabi ng DOH na maaari itong maging sanhi ng nose at throat irritation, pag-ubo, mga sakit na tulad ng bronchitis, problema sa paghinga, eye irritation at minor skin problems.

Mas makabubuti umano na manatili muna sa bahay para hindi makalanghap ng abo, at kung lalabas ay gumamit ng dust mask sa mga lugar na apektado ng ashfall.

Dahil sa lawak ng naapektuhan ng ashfall ng Taal na umabot sa Metro Manila nitong Linggo, dumami ang pangangailangan sa face mask.

Nangako si Pangulong Rodrigo Duterte nitong Lunes na magpapatupad ng price cap sa face mask, habang nagbanta ang Department of Trade and Industry na hahabulin ang mga mapagsamantalang tindahan na nagpatupad ng labis-labis na presyo sa face mask. — FRJ, GMA News


https://www.gmanetwork.com/news/balitam ... doh/story/

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PostPosted: Tue Jan 14, 2020 7:39 pm 
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sabi ko sayo ankel eh...


ang dudumi talaga ng utak mo ankel Jabz...








:lol: :lol: :lol:

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PostPosted: Tue Jan 14, 2020 8:23 pm 
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Yung bra at panty daw ni Laylay libre na lang. Any takers? :lol: :lol: :lol:

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PostPosted: Tue Jan 14, 2020 8:58 pm 
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Kung pwede ang bra at panty

Pwede rin kaya ang brief?

O yung t-back? :lol:

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PostPosted: Wed Jan 15, 2020 10:35 am 
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JABEZJ wrote:
tiyanak2 wrote:
Image of a Wonderful Mask


eto nalang kunin mong Mask mang EQ




:lol: :lol: :lol:


2020 na po..
Magbago na kayo ng hilig...

Eto approved ng DOH.

https://scontent-sin2-2.xx.fbcdn.net/v/ ... e=5E98B910



At eto naman eh ewan kung sino magaapprove.

https://scontent-sin2-2.xx.fbcdn.net/v/ ... e=5E940A84



:lol: :lol: :lol: :lol: :lol:

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PostPosted: Wed Jan 15, 2020 11:08 am 
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wahahahahahaha saktong sakto kay Boy Tik*l alyas Dila :lol: :lol: :lol: :lol: :lol:

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PostPosted: Wed Jan 15, 2020 1:29 pm 
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What????
Magbago na kayo ng hilig... :lol:

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PostPosted: Wed Jan 15, 2020 1:42 pm 
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Post ko lang itong article which was published in 2011...

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DBP wrote off P1.6B in loans to Lopez group
By: Neal H. Cruz - @inquirerdotnetPhilippine Daily Inquirer / 03:03 AM November 07, 2011


The Senate is currently investigating behest loans granted by the Development Bank of the Philippines (DBP), and so far the loans to former Trade Minister Roberto Ongpin are at the center of the sights of the investigators. I have been watching the hearings, waiting for the disclosure of the DBP loans granted—and written off—to the Lopez family. But every time the questioning heads in that direction, a senator related to the Lopezes steers the discussion in another direction.

Why the Lopez family? Because the loans granted, and written off by the DBP, to various corporations belonging to the Lopez group amount to more than P1.6 billion! In short, the government lost P1.6 billion to the group. Yet corporations formerly belonging to the group, particularly Meralco, have been reporting billions of pesos in profits.


Here is a list of these written-off loans as reflected in DBP documents:

Maynilad Water—P710.86 million

Bayantel—P591.81 million

Central CATV Inc.—P207.10 million

Benpres Holdings—P157. 95 million

Total—P1.667+ billion


All these corporations belong to, or used to belong to the Lopez group. Benpres Holdings, for example, is still operating, but the DBP has already written off loans given to it.

It does not mean, however, that only the Lopez group has non-performing loans (NPLs) written off by the DBP. Other big companies have also gotten away by not paying their loans to the DBP. I will reveal their names in future columns when the documentation is complete.

How did all these come about?


In December 2002, the Special Purpose Vehicle (SPV) Law was passed to assist banks in unloading their portfolio of non-performing assets (NPAs)—NPLs and Real and Other Properties Acquired (ROPAs)—with greater flexibility at a faster pace.

The SPV Law provided fiscal incentives from the transfer of banks’ NPAs to SPVs. Some of the banks which immediately took advantage of the SPVs were: Bank of the Philippine Islands (BPI)—P8.6 billion; Rizal Commercial Banking Corp. (RCBC)—P3.9 billion. DBP did not unload its NPAs to SPVs until late 2006 when it offered to sell its NPAs with a total value of P9.56 billion.

Of the total bulk sale of P9.56 billion (involving 634 NPLs and 2,019 ROPAs), the following four major accounts (with an aggregate book value of P1.67 billion) were companies that were part of the Lopez group. These four major entities accounted for 17.5 percent of the total NPLs sold. The write-off suffered by the DBP on the Lopez group alone was P1.6 billion.

They were:

1. Maynilad Water—Facility approved and granted in 2000 and started to default in 2003. It filed with the Regional Trial Court of Quezon City a petition for rehabilitation with suspension of payments on Nov. 13, 2003 and thereafter stopped paying interest. Capital deficit was P5.2 billion. File shows that Benpres Holdings owns 59.1 percent of Maynilad; Ondeo Services Inc., 20 percent; Lyonnaise Asia Water Ltd., 20 percent. Original credit accommodation was a one-year bridge finance for P1 billion in September 2001.

Written-off amount: P710.86 million.

2. Bayan Telecommunications Inc.—Facility was granted on Dec. 11, 1995 and became past due on Sept. 30, 2001. The outstanding balance then was $11.2 million.

The account was then under litigation. The rehabilitation plan under the petition for rehabilitation was approved in 2004 and was for Tranche A and payable over a 10-year period with interest at 3 percent.

Written-off amount: P591.81 million.

3. Central CATV Inc.—The loan was approved in 1997 and became past due in 2001.

The account was restructured in June 2004 for a seven-year tenor, inclusive of a two-year grace period on principal repayment. The borrower was in default of its obligations to maintain the required service cover ratio.

The borrower sent feelers for a second restructuring plan.

Written-off amount: P207.10 million.

4. Benpres Holdings—The loan was approved in 1996 and went past due in 2002. Benpres stopped paying amortizations in May 2002 and negotiations with creditors worsened in 2003 as Maynilad deteriorated.

Benpres paper was being traded in the secondary market at a major discount, which made it difficult for the company to bring all creditors under one restructuring agreement.

Written-off amount: P157.95 million.


In a report to the DBP Board of Directors on Oct. 11, 2010, chief operating officer Edgardo F. Garcia said that write-offs from 2004 to 2009 amounted to P5.391 billion.

“Of this amount, P4.850 billion, or 90 percent, is due to the disposal of ROPAs and NPLs through an SPV in 2006 to avail of tax and other benefits of the SPV Law,” reported Garcia.

“The bulk sale of the ROPAs and NPLs was not fully consummated because of the closure of Lehman Bros. Some of the assets were returned to the bank, and P750 million of losses was reversed and booked as part of income in 2008.

“With Lehman Bros. declaring bankruptcy in 2008, the bank also decided to quickly dispose of the Lehman-issued CLNs worth $80 million, and registered a trading loss of P3.069 billion. The loss was charged to operations in 2008. The balance of $10 million of the Lehman-issued CLNs was sold in March 2010 with a net profit of P58.15 million. Including the interest income of P451.97 million earned on Lehman’s CLNs, net losses on the Lehman investment is P2.594 billion.”



Read more: https://opinion.inquirer.net/16769/dbp- ... z6B4hevGpS
Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook

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PostPosted: Wed Jan 15, 2020 1:44 pm 
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Biz Buzz: Lopez firms’ ‘unpaid obligations’
By the staff / 05:14 AM September 01, 2017

President Duterte’s recent statement that Benpres Holdings—the flagship holding firm of the Lopez family—had unpaid debts with the state-owned Development Bank of the Philippines surprised many listeners who were caught off guard by the revelation.

But those who remember their history were not surprised. That’s because word about these unpaid obligations of the family firm to the government financial institution first surfaced in 2011.

Specifically, this information surfaced at the height of the previous administration’s drive to pin down businessman Roberto Ongpin for his allegedly behest loans from DBP that were used to acquire shares in Philex Mining. The loans were, in fact, repaid ahead of schedule and the charges failed to prosper, with the government’s case being dismissed at the Sandiganbayan and the accused acquitted.

But a thorough examination of DBP’s books at that time did reveal certain obligations of Lopez firms that went unpaid, and were eventually written off.

How much? A total of P1.67 billion at that time.

To be exact, DBP in 2006 wrote off P710 million in loans of Maynilad Water Services Inc. (which soured in 2003); P591 million in loans of Bayan Telecommunications (soured in 2001); P207 million of Central CATV Inc. (soured in 2001) and P157 million of Benpres Holdings Inc.—all Lopez-owned or -controlled firms at that time.


And the other borrowers mentioned by the President? We’re not sure, but at that time, other big borrowers also saw their bad debts written off.

Other firms with bad loans then included Bacnotan Steel Industries, which owed the bank P478 million in 2006; J.S. Gaisano Inc., P361 million; Steel Corporation of the Philippines, P342 million, and Negros Navigation Corp., P300 million. These were among 795 other delinquent borrowers at that time.

Documents about the deal obtained by the Inquirer from banking sources showed that the bank had, in fact, written off P9.56 billion worth of bad loans, with the controversial Lopez group loans accounting for 17 percent of that total.

A list of soured loans of the DBP at that time showed that the combined loans to the Lopez group accounted for a substantial portion of the portfolio, but that there were other corporate loans that were also put up for so-called special purpose vehicles— a move meant to free the government bank of bad loans that were weighing down its balance sheet.

The write-offs were made possible by the Special Purpose Asset Vehicle Law of 2002, which was enacted to help the Philippine banking system dispose of accumulated bad loans then estimated at P520 billion—equivalent to an alarming 12 percent of the size of the local economy.

Of course, whether such a justification can cool the President’s temper against the Lopez group and its media unit ABS-CBN remains to be seen, but Biz Buzz won’t be holding its breath. In any case, abangan! —DAXIM L. LUCAS

Speaking of which …

Media giant ABS-CBN Corp. is pursuing several avenues in its expansion within the digital arena. One way involves an old trick: Rewarding with points.

Apparently, ABS-CBN launched a loyalty program called ““Kapamilya, Thank You.” It has done quite well since its July 2017 launch. We heard it recently hit a million members.

The program is pretty straightforward. Register online and earn points from watching its TV shows or iWant TV, payments to ABS-CBN’s SkyCable or using ABS-CBNmobile.

Doing any of these activities will, among others, earn users “thank you” points.

Those points allow users to gain discounts on ABS-CBN merchandise, mobile data freebies and premium access to certain content.

The more generous users can also donate points to ABS-CBN Lingkod Kapamilya Foundation. —MIGUEL R. CAMUS



Read more: https://business.inquirer.net/236095/bi ... z6B4idK4yP
Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook

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PostPosted: Wed Jan 15, 2020 1:49 pm 
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yung ch. 23 pala yung S&A nila na narinig kong pagpapalingan ng broadcast ng ABiaS-CBN..

magiging kulelat na sila sa ratings behind GMA and TV5 pag nagkataon :lol:

JABEZJ wrote:
ABS-CBN may extend operations until July 15
Last updated Jan 10, 2020

By JOHN CARLO M. CAHINHINAN


Broadcast giant ABS-CBN may further extend its operations until July of this year amidst the impending expiration of its current legislative franchise by the end of March.

Unknown to many, ABS-CBN’s Sports and Action (S+A) channel has a different legislative franchise tool which is set to expire on July 15 this year under Republic Act No. 8135.

In October 2010, ABS-CBN formally acquired the former Studio 23 channel from AMCARA Broadcasting Network and later rebranded it in 2014 as S+A after Congress then concurred to its acquisition.


The Kapamilya network can further operate until middle of July 2020, even its current franchise under Republic Act No. 7969 expires on March 30, since the media conglomerate can use the remaining shelf life of its sister station’s air waves to continue operating on a borrowed time while pursuing to secure a brand new legislative franchise from Congress.

Albay Rep. Edcel Lagman earlier said ABS-CBN needs to secure franchise renewal within 24 session days or face closure, considering that there are only two dozen session days before the Congressional recess from March 14 up to May 3 for the long Holy Week break.

Politiko learned from Congressional insiders that they were told by some network executives of the Lopez-owned media outfit that the company will temporarily transfer its news and entertainment broadcast to S+A by the end of March, hoping that it can secure a fresh 25-year franchise from Congress before the first regular session adjourns sine die sometime in June.

Lagman on Monday filed a resolution urging the House Committee on Legislative Franchises to immediately expedite without further delay for plenary action nine pending proposed legislations that seek to grant ABS-CBN a fresh 25-year franchise.

Lagman’s House Resolution No. 639 urged the legislative franchise panel headed by Palawan Rep. Franz “Chicoy” Alvarez “to act immediately on the bills renewing the giant network’s franchise.”

https://politics.com.ph/abs-cbn-may-ext ... l-july-15/

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