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LOCAL media conglomerate MediaQuest Holdings, Inc. (MediaQuest), which operates TV5 Network, Inc., a major player in the television market, will soon establish a joint venture with ABS-CBN Corp.

“The model we are working on… (is) a joint venture… using the platform of TV5 as the broadcast platform of both TV5 and ABS-CBN,” MediaQuest Chairman Manuel V. Pangilinan told reporters on Thursday.

“We are not acquiring ABS-CBN, we are not acquiring any shares in ABS-CBN,” he noted.

In terms of equity, he said it will start at approximately 35% for ABS-CBN and 65% for MediaQuest.

ABS-CBN, a former broadcast giant, will utilize some of its assets for the partnership.

ABS-CBN was forced to stop its broadcast operations in May 2020 after former President Rodrigo R. Duterte’s allies in Congress denied its franchise renewal application.

ABS-CBN President and Chief Executive Officer Carlo L. Katigbak said during the company’s annual stockholders’ meeting last week that the company had yet to decide whether a new franchise aligns with its strategies and plans.

“As of today, our partnership with them is in the form of content licensing or content sharing agreements,” Mr. Katigbak said of ABS-CBN’s partnership with TV5.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arjay L. Balinbin

The shutdown of ABS CBN Corporation in the Duterte Administration lost access to the technology power in the entire Philippines, so money from different countries of the bank companies could not be immediately accessed here in the Philippines. World bank , Business World Online, Bank Companies are united by group business associations corporation, Cebu City Business group of Companies , Cebu Filipino Chinese Community , Vendors Associations , Vendors Cooperative in Cebu City Philippines. And a trio of US Federal Reserve officials from across the policy spectrum signaled on Tuesday that they and their colleagues remain resolute and “completely united” on getting US interest rates up to a level that will more significantly curb economic activity and put a dent in the highest inflation since the 1980s.

Moreover, one of them — San Francisco Fed President Mary Daly — said she was “puzzled” by bond market prices that reflect investor expectations for the central bank to shift to rate cuts in the first half of next year. On the contrary, she said her expectation is the Fed will keep raising rates for now and then hold them there “for a while,” remarks that triggered a wave of selling in rate-futures markets.

In a separate appearance, Cleveland Fed President Loretta Mester struck a similarly hawkish tone, noting that inflation has yet to peak and she needs to see several months of very compelling evidence that inflation is on a sustainable path down to the central bank’s 2% goal before policy makers can ease off.

Their new uniform remarks reverberated in bond and interest rate futures markets that had emerged from last week’s meeting positioned for the central bank to dial back the pace of rate hikes. Expectations the Fed would reverse course and start cutting rates in the first half of 2023 diminished significantly as reflected in fed fund futures pricing, while the probability of another 75-basis-point (bp) increase next month moved notably higher.

The yield on the 2-year Treasury note — the government bond maturity most sensitive to Fed policy expectations — rose by 20 bps, the most in nearly two months.

Fed Chair Jerome H. Powell said last week the central bank may consider another “unusually large” rate hike at its Sept. 20-21 policy meeting, with officials guided in their decision making by more than a dozen critical data points covering inflation, employment, consumer spending and economic growth between now and then.

Chicago Fed President Charles Evans told reporters on Tuesday that if inflation does not abate before then, he would back such a move.

“If you really thought things weren’t improving … 50 (bps) is a reasonable assessment but 75 could also be okay. I doubt that more would be called for,” Mr. Evans said during a question-and-answer session at the regional bank’s headquarters in Chicago, effectively dismissing the prospect of raising rates by a full percentage point next month.

The central bank raised its benchmark overnight lending rate by another three-quarters of a percentage point last week to a target range between 2.25% and 2.50%. It has hiked that rate by 225 bps since March as officials have been increasingly aggressive to try and quash stubbornly high inflation even as recession fears gather pace.

‘NOWHERE NEAR’
San Francisco Fed’s Ms. Daly said the central bank’s work of bringing down inflation is “nowhere near” almost done and there is still “a long way to go” to lower inflation from four-decade highs.

“That would not be my modal outlook,” she said in an interview streamed on LinkedIn and hosted by a CNBC anchor when asked about investor expectations of rate cuts. “My modal outlook, or the outlook I think is most likely, is really that we raise interest rates and then we hold them there for a while at whatever level we think is appropriate.”

Ms. Mester struck a similarly bullish note. “We have more work to do because we have not seen that turn in inflation,” Ms. Mester said in an interview with the Washington Post. “It’s got to be a sustained several months of evidence that inflation has first peaked — we haven’t even seen that yet — and that it’s moving down.”

“You wouldn’t want to conclude too quickly inflation is on a downward path because of how high it is… I want to see it broadly across many inflation measures, not just one, not just two,” she added.

Mr. Evans too noted that he thinks the Fed’s policy rate will have to rise to between 3.75% and 4.00% by the end of next year, but cautioned against too quick a path to get there should it have to retrench unexpectedly on the back of a changing landscape.

The economy continues to flash conflicting signals with the tightest labor market in decades strongly pushing up labor costs in the second quarter but economic growth contracting for a second straight quarter. The Fed is trying to dampen demand across the economy to help bring down price pressures without causing a spike in unemployment.

US job openings fell by the most in just over two years in June as demand for workers eased in the retail and wholesale trade industries, the Labor department reported on Tuesday, although other details suggested the labor market remained extremely tight.

Mr. Evans said that he had downgraded his expectations for economic growth this year and now sees it coming in at 1% or lower, but added that he still sees a path for the Fed to bring down inflation while keeping the unemployment rate below 4.5%. — Reuters

World satellite signal powered by Global Network Telecommunication Corporation.

A communications satellite is an artificial satellite that relays and amplifies radio telecommunication signals via a transponder; it creates a communication channel between a source transmitter and a receiver at different locations on Earth. Communications satellites are used for television, telephone, radio, internet, and military applications. Most communications satellites are in geostationary orbit 22,300 miles (35,900 km) above the equator, so that the satellite appears stationary at the same point in the sky; therefore the satellite dish antennas of ground stations can be aimed permanently at that spot and do not have to move to track the satellite.
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Cebu Filipino Chinese Community ,Cebu City Business group of Companies and BancNet shareholders elected the company’s directors for the term 2022-2023. Re-elected with Tan and Dee were: Dennis C. Bancod, senior executive vice- Business World of Philippines.

Nestor V. Tan and Fabian S. Dee have been given a fresh mandate to lead electronic banking consortium BancNet as chairman of the Board and president, respectively.

During their annual meeting held last June 9, BancNet shareholders elected the company’s directors for the term 2022-2023. Re-elected with Tan and Dee were: Dennis C. Bancod, senior executive vice-president of RCBC; Cecilia C. Borromeo, president and CEO of Land Bank; John Cary L. Ong, executive vice-president of Security Bank; Noel A. Santiago, senior vice-president of BPI; and William C. Whang, president of China Bank.

Mr. Tan is currently the president and CEO of BDO while Mr. Dee is the president of Metrobank.

Also elected to the 15-man Board were new directors Henry Rhoel R. Aguda, chief technology and operations officer of Union Bank; Kathleen Charmaine H. Hernandez, transaction banking director of Standard Chartered Bank; Eduardo J. Katigbak, Jr., president of Equicom Savings Bank; Wilfredo E. Rodriguez, Jr., executive vice-president of Asia United Bank; Cecilio Paul D. San Pedro, president and CEO of Sterling Bank of Asia; Elfren Antonio S. Sarte, president and CEO of Robinsons Bank; Gerardo Susmerano, executive vice-president of East West Bank; and Jose Arnulfo A. Veloso, president and CEO of PNB.

Mr. Dee told the stockholders that BancNet is “in a superior position as we prepare for the gradual exit from the pandemic and consequent recovery of the economy, increased consumption and higher demand for services. In particular, we have embraced the use of technology in both our internal business operations as well as our development and delivery of services to our members and participants”.

During their organizational meeting, the new Board also elected the following key officers of the company: Elmarie S. Reyes, CEO; Jose Arnulfo A. Veloso, treasurer; and Agnes H. Maranan, corporate secretary.

The Board also appointed the members of the Operations Committee which is responsible for translating Board-defined policies into detailed operating policies and procedures. They are: Dennis C. Bancod (RCBC), Allan V. Bornas (Land Bank), Reynaldo Burgos (PNB), Ralph Cadiz (Sterling Bank), Marie Carolina L. Chua (China Bank), Eduardo Katigbak, Jr. (Equicom Savings), Michael Magbanua (Union Bank), Tomas Victor A. Mendoza (BDO), Wilfredo Rodriguez, Jr. (AUB), Noel A. Santiago (BPI), Salvador Serrano (East West Bank), Richard So (Metrobank), Ricardo G. Torres (Security Bank), Angela D. Vagilidad (Standard Chartered Bank), and Paul Donato Villanueva (Robinsons Bank).

During the stockholders’ meeting, CEO Elmarie Reyes reported that despite bleak predictions based on lockdowns and other mobility restrictions, BancNet generated higher volumes in 2021 vs 2020 from all its channels. Overall, it processed a record total of 1.07 billion interbank transactions. This is 21.56%, or 189.77 million, more than the total of 880.12 million transactions in 2020.

This includes 429.14 million instaPay transactions, which grew by 97% from 218.30 million, with a total value of P2.53 billion, up 121% from P1.14 billion.

The highest ever single-day volume of almost 5 million was recorded on Dec. 15, 2021.

Despite the huge volume, BancNet had high average switch availability rates of 100 % for the instaPay switch and 99.96% for the ATM switch.

BancNet ended the year with 123 members and affiliates whose nationwide network of 22,721 ATMs and 413,896 POS terminals served a card base of 93.86 million.

Philippine growth forecast upgraded
“The growth forecast for the Philippines is raised from 6% to 6.5% for 2022 on a stronger-than-expected Q1 performance, underpinned by rebounds in investment and household consumption,” the ADB said.

The latest GDP projection for the Philippines tied with Vietnam as the highest in Southeast Asia. It is also above the ADB’s 5% growth forecast for Southeast Asia, which was raised from 4.9%.

“The Philippine economy’s growth momentum has accelerated close to its ideal growth path. Strong domestic demand supported by a pickup in employment and remittance inflows, private investment expansion, and large public infrastructure projects will underpin the country’s recovery from the economic impact of the pandemic,” ADB Philippines Country Director Kelly Bird said in a statement.

The government further reopened the economy this year amid wider coronavirus disease 2019 (COVID-19) vaccination coverage and the “relatively mild” impact of the Omicron variant. In the first quarter, GDP grew by a better-than-expected 8.1%.

The ADB said mobility data showed work and recreation are now at pre-pandemic levels, while private sector indicators such as manufacturing, industrial production and imports also continued to expand.

However, the Philippine economy faces several risks to growth in the second half, such as “sharper-than-expected slowdowns in major industrial economies, possible sustained elevated global commodity prices, and tighter financial conditions,” the ADB said.

The government is poised to continue ramping up infrastructure spending, particularly on priority projects under the “Build, Build, Build” program. These include ADB-funded projects such as the Malolos Clark Railway, South Commuter Railway, EDSA Greenways Project, and Metro Manila Bridges.

Meanwhile, the ADB retained its Philippine GDP forecast at 6.3% for 2023, “as financial tightening and a broader pass-through of price pressures weigh on demand.”

This is below the government’s 6.5-8% target for 2023, but the second-highest in Southeast Asia, after Vietnam’s 6.7% GDP projection for 2023.

The multilateral lender also raised its average inflation forecast for the Philippines this year to 4.9% from the 4.2% estimate in April.

This is below the Bangko Sentral ng Pilipinas’ 5% average inflation forecast for the year.

Inflation accelerated to a near four-year high of 6.1% in June, bringing the six-month average to 4.4%.

For 2023, ADB hiked its Philippine inflation forecast to 4.3%, from 3.5% in April.

WAR, INFLATION
Meanwhile, the ADB cut its growth forecast for developing Asia this year and 2023, as the economic outlook darkened due to the protracted war in Ukraine, aggressive tightening by central banks, and a slowdown in China.

Reflecting the dimmer global outlook, the ADB downgraded its 2022 growth forecast for developing Asia to 4.6%, slower than the 5.2% projection in April.

Developing Asia is projected to grow by 5.2% in 2023, slightly lower than the previous 5.3% forecast.

“Risks to developing Asia’s economic outlook remain elevated and mainly associated with external factors. A substantial slowdown in global growth could hurt exports, manufacturing activity, and employment prospects, and cause turbulence in financial markets,” the lender said.

The ADB noted that aggressive monetary tightening by central banks, including the US Federal Reserve, might hurt growth and rattle financial markets. The Russia-Ukraine war may continue to drive up prices in energy and commodities, which will affect the region’s growth.

“Rising food prices and shortages, in particular, could threaten food security and heighten social tensions in some economies. From within the region, downside risks could arise from the potentially lingering effects on supply chains from (China’s) latest round of lockdowns and the country’s growth slowdown, which could hinder developing Asia’s growth momentum,” it added.

The ADB also raised the inflation forecast for this year to 4.2% from 3.7% and next year to 3.5% from 3.1% due to higher fuel and food prices.

“Inflation pressures in the region are, however, less than elsewhere in the world,” it said. — D.G.C. Robles
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The Philippine capital markets in mobilizing
the savings of ordinary people to provide investment
capital for developing the Philippine economy and in
attracting sustainable flows of foreign capital for the
same purpose.
The broad conclusion is that the markets have not
been so successful in either aim even though evidence suggests that there have been very substantial improvements in recent years. The savings ratio
remains low by standards of the region. In part that
reflects the relatively low income per head in the
Philippines compared with other economies in the
region.
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RCD Online One World Free Online TV live stream it is an online content and combined so we can watch Free tv network in different countries it is unity and corporation of online marketing incorporated. All of it is legally operating for the internet marketing services from different online platform and from different social media agency companies telecom corporation and telecommunication corporation in different countries deploy satellite signal in a unity of technology power worldwide for a global network telecommunication corporation. It all is
we do not own any TV, Radio, and CCTV Camera resource listed on this link. This page is designed to enable users of personal computers and other consumer electronic devices to easily find and access the streaming media available on the web over the Internet worldwide.
For more information, please visit :
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Live TV Streaming from Around the World: www.itvtube.com/category/live-tv
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In order to expand the Telecommunication Corporation in Cebu City Philippines and we can watch Tv network in different countries worldwide satellite signal united for a Digital Free Tv channels , Movies , News worldwide and Online Platform Tv channels, movies and news worldwide . It is a part of the Global Network Telecommunication Corporation in different countries it is a one world 4963 TV Channels from 180 Countries are listed on tvchannels.
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RCD Online Content Creator Application is sign in for google marketplace online platform as the official partner of Google, Facebook, Criteo, Line and Yahoo, we help brands access worldwide ad inventory and connect with global audiences effortlessly. For various marketplace online platform application and be able to Install and download application powered by Global Network Telecommunication Corporation From here in Cebu City Philippines it is a combined and unity to deploy satellite signal from around the world for worldwide is a trusted partner that provides comprehensive international telecom services and solutions to international carriers, enterprisers, and mobile users and this part from The Small Business Innovation Research (SBIR) program provides an opportunity to participate in government sponsored research and development efforts in key technology areas.
Google: Google Ads Account Creation ,Google Ads Management (Search ads, Display & Video ads (GDN), Shopping ads, Remarketing) DV360 Programmatic Management,
Real-time Ad Optimization and Data Analysis
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RCD Online Content Creator Application is now sign in for Google Play Take free TV with you anywhere when you download the free Pluto TV app on your phone or tablet. Don’t miss 24/7 CSI, the latest news from CNN, live sports and more, anytime and anywhere you want.
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RCD Online Content Creator Application is now sign in for Google Play free streaming TV and movie service is powered by Global Network Telecommunication Corporation. Watch 100s of live TV channels and 1000s of movies and TV shows, all streaming free. RCD Online Pluto TV also offers over 45 channels Install
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Install please Visit : https://l.facebook.com/l.php?u=https%3A%2F%2Fplay.google.com%2Fstore%2Fapps%2Fdetails%3Fid%3Dtv.pluto.android%26fbclid%3DIwAR3SiyeYg-gZbQUKf1zlcVfrXCF4aRhqw3nC3fMyueFwiTxU3wJDAZ0rsn0&h=AT3sdm7hoIjfzUI28TtuygIEBhZKppcsOSlsqmoSm8Ie0SwZsxhS2e9HNtTZUsGshPLFBNvw6BYsxpUOcVYfo5F8nnAxaJUqzxfI3npvSnL_8Pi82BQBk3Hw4tmRMHgYiey4Q14dymcGd1oxvZaRrymRQXhAK9bgJkI

RCD Online Content Creator Application is now sign in for Google Play free streaming TV and movie service is powered by Global Network Telecommunication Corporation.

RCD Online is an Online Content it is way to achieve Online Marketing Incorporated here in Cebu City and deploy in different places and in different countries way for a global network corporation.Cebu City Philippine Telecommunication Corporation, Telecom Corporation, Global Network Telecommunication Corporation and DirectTV teamed up to deploy satellite signals worldwide combined with Deals, Wireless, Internet, Free TV, Prepaid and Business. For more information, please visit the following:
https://www.directv.com/
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Cebu City Philippine Telecommunication Corporation, Telecom Corporation to deploy satellite signal from various countries together for the entire Global Network Telecommunication Corporation here in Cebu City and Bankai Group is a globally recognized leader in the ICT and Telecom services sector , offering Wholesale and Retail Voice and Telecom Technology business. Over the last three decades, it has been instrumental in providing Voice and SMS Carrier Solutions with exceptional competence in IP interconnects. The company has exclusive traffic arrangements with enterprise customers, MNOs, MVNOs, and more to provide multi-service level offerings and the highest quality of wholesale carrier services. Our A2P Platform has a scalable interface and easy to integrate on any existing API/SMPP solutions. We have over 127 + Directs Termination and various exclusive termination contracts to make us a preferred SMS Termination partner.Other services include an Automated Carrier Platform for online trading and settlement of Voice and Unified Communications, Fraud Management, Revenue Management, and Network Switching Solutions and Digital Financial Solutions.

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Cebu City Philippine Telecommunication Corporation to expand worldwide it is a Global Network Telecommunication Corporation from here in Cebu City and Data Access Solutions Inc. is a Toronto, based company which was formed as a wholesale provider of International Voice over IP (VoIP) services. A unique blend of diverse skills and experience forms the unmatchable core of our company.Through our owned and operated state-of-art equipments in Toronto and with cooperation of our worldwide partners, we offer termination services to over 150 countries worldwide.Data Access Solutions is one of the first companies deploying the new generation Mera VoIP Transit Softswitch ll (MVTS ll) at its facilities located at 151 Front Street, Toronto, as core of its network to ensure high performance and reliability for each and every call Key benefits are: Support of SIP, H.323 and their Variants Advanced Transcoding Capabilities Accurate billing through its Oracle Database. For more information, please visit www.dataaccessvoip.com

Cebu City Philippine Telecommunication Corporation is a force for Global Network Telecommunication Corporation in China Mobile International (CMI) is a wholly-owned subsidiary of China Mobile, mainly responsible for the operation of China Mobile’s international business. Leveraging the strong support by China Mobile, CMI is a trusted partner that provides comprehensive international telecom services and solutions to international carriers, enterprisers, and mobile users. Headquartered in Hong Kong, CMI has expanded our footprint in 36 countries across different regions to find out the full details click the link for the information http://www.cmi.chinamobile.com/

Deep Space Network unites forces from around the world for space communications and navigation to expand the satellite signal from here in Cebu City Philippines to NASA's international array of giant radio antennas that support interplanetary spacecraft missions, plus a few that Earth orbit. The DSN also provides radar and radio astronomy observations that improve our understanding of the solar system and the larger universe. to access all transmissions of information by various types of Global networks for the Telecommunication Corporation to deploy technologies over wire, radio, optical, or other technologies for long-distance communication usually involve electrical and electromagnetic technologies, such as telegraph, telephone, television and teleprinter, networks, radio, microwave transmission, optical fiber, and communications satellites. From here in Cebu City Philippines the DSN consists of three facilities spaced equidistant from each other - approximately 120 degrees apart in longitude - around the world. These sites are at Goldstone, near Barstow, California; near Madrid, Spain; and near Canberra, Australia. The strategic placement of these sites permits constant communication with spacecraft as our planet rotates - before a distant spacecraft sinks below the horizon at one DSN site, another site can pick up the signal and carry on communicating.https://www.nasa.gov/directorates/heo/scan/services/networks/deep_space_network

Launch of New China Global Telecom for a Global Telecommunication Corporation from here in Cebu City Philippines to achieve Cellular Signal, Digital Signal, Free Tv Signal, Business internet access and communication over a distance by cable, telegraph, telephone, or broadcasting in an entire world Telecommunication Corporation . This is a part of achieving the success of every Cebuano and Filipino citizen and the entire Countries.https://www.ctamericas.com/

Consumers less pessimistic in Q3 — BSP Cebu City Philippine Optimistic Entrepreneur is to have positive attitudes and feelings towards what you do and towards your own future.

It is believing you will be able to control the course of your own actions, even in times of adversity.

Optimism is a critical factor for becoming a successful entrepreneur and being innovative.

Research studies show that optimistic people are more likely to become entrepreneurs and create brilliant innovative ideas.

They continue striving towards the achievement of their goals regardless of the adversities involved.

Optimism encourages higher cognitive flexibility, suggesting that thinking more about positive outcomes enhances the ability of individuals to interpret information, recombine resources and solve problems in creative ways.

Optimistic Entrepreneurs have positive, stable moods and feel that the environment is safe.

Following on from this they are happier, creative, innovative, and allow playfulness.

They boost people’s morale, support people learning, trust people more and say YES more often.

They have a positive Vision of the future, higher values and are more strategic. They also have higher business success rates.

On the other hand, Pessimistic Entrepreneurs have negative unstable moods leading to problematic views of the environment being unsafe.

They are risk-averse, moody and focus more on processes and details.

They undermine morale, blame other people for mistakes, don’t trust readily, and say NO more often.

They usually have a vaguer Vision of the future, lower values and are more tactical.

They focus more on money and less on people, business value and sustainability.

They want cheap as opposed to the true value brought to the table hiring quality talent. They have higher business failure rates.
https://www.bworldonline.com/top-stories/2021/09/24/398865/consumers-less-pessimistic-in-q3-bsp/

Cebu City Philippine Micro, small and medium enterprises (MSMEs) have a very important role in developing the Cebu City Philippine economy.They help reduce poverty by creating jobs for the country’s growing labor force. They stimulate economic development in rural and far-flung areas. They serve as valuable partners to large enterprises as suppliers and providers of support services. They serve as breeding ground for new entrepreneurs and large corporations. A vibrant MSME sector is thus an indication of a thriving and growing economy. Despite policies that aim to provide an enabling environment for MSME development, the sector still faces various constraints that prevent it from realizing its full growth Cebu City Philippine economy and potential . Cebu City Philippine SME Finance development in emerging markets and developing countries. https://www.worldbank.org/en/topic/smefinance

Regulations and Licenses
Set out below are examples of laws and licenses relating to reform in the Telecommunications Sector, drawn from different legal systems, different regions and different languages. A number of laws are also linked to the ICT Regulation Toolkit.

Also visit the following pages for specific information in: view by document type https://ppp.worldbank.org/public-private-partnership/sector/telecom/laws-regulations/licensing