Digong, The President

[baludoy]

Eh bigla niya naalala na isa sa mga malalaking backer niya eh may mining company din.

actually dalawa, at the very least ang backers ni duterte na big time mining operators (i'm not sure though if the villars are already hefty players it the mining industry)

buti naman at hindi binigay sa denr sa mga commies. corrupt na nga iyong ahensiya na iyan, mas titindi pa corruption dyan pag naglagay ng mga pasimuno ng institutionalized mulcting in the form of so-called revolutionary taxes

[chua_riwap]

Pinakapangit na Pres. Spokesperson ata ito........
Temporary lang pala sya. Baka ilagay daw sa ibang pwesto. Kumbaga, transition spokesperson lang.

[safeorigin]

I think we are past that. The only consolation is that there isn't a Big Brother monopoly.

There's the Big Brother crowd, the Big Sister crowd, and the rest of us just hoping that sanity will eventually return.

people have to learn it the hard way.

only difference from the alternatives I mentioned is the way they operate nowadays aren't as overt decades ago.

and people willfully embrace it. Which reminds me of the topic: Soft Tyranny

[minicarph]

sa hulihin ni Duterte lahat ng UV express na crosswind and adventure plying the metro, puro colorum

dapat puros commuter or nv350 na lang para may uniformity tapos 17 seater pa dami sakay, so efficient

[Luap]

Yes! Mag tsikot na ulit ako. Andyan na ulit si OB!

Sent from my SM-A800I using Tapatalk

[CVT]

sa hulihin ni Duterte lahat ng UV express na crosswind and adventure plying the metro, puro colorum

dapat puros commuter or nv350 na lang para may uniformity tapos 17 seater pa dami sakay, so efficient

Nagpunta ka ba ng Davao City bro? [Dumaan ka ba kay Quiboloy?]

Aba e magandang idea iyan....

Baka naman MMDA Chair o Traffic Czar ka na,- hindi mo lang sinasabi rito sa amin, ha bro?


"The measure of a man is what he does with power" LJIOHF!

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[chua_riwap]

Uwian daw sya daily, Manila-Davao, pag umupo na sya. Seryoso kaya sya dito? Ayaw daw nya tumira sa Palasyo. May multo raw.

Macho, tough talking Pres. takot sa multo.......

[dr. d]

wront post. sorry.

[shadow]

Uwian daw sya daily, Manila-Davao, pag umupo na sya. Seryoso kaya sya dito? Ayaw daw nya tumira sa Palasyo. May multo raw.

Macho, tough talking Pres. takot sa multo.......

Baliw talaga! Doon na lang siya president.


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[Yatta]

Uwian daw sya daily, Manila-Davao, pag umupo na sya. Seryoso kaya sya dito? Ayaw daw nya tumira sa Palasyo. May multo raw.

Macho, tough talking Pres. takot sa multo.......

Sabi daw ni Imee sa kanya maraming mumu. Eh di niya na-gets na multo yun ng mga kaluluwa ng mga biktima ng mga Marcos.

[ClaNker]

Uwian daw sya daily, Manila-Davao, pag umupo na sya. Seryoso kaya sya dito? Ayaw daw nya tumira sa Palasyo. May multo raw.

Macho, tough talking Pres. takot sa multo.......

At ang working hours nya is 1:00PM-Midnight. Erap days are here again.

[badkuk]

Imho, to preserve our own sanity, we should stop taking him at verbatim. I hope he can be pragmatic about things when he does assume office(i hope)

[dreamur]

I cant imagine the cost of chartering a private plane for a daily round trip from manila to davao. But then again Quiboloy offered it for free, so...

Sent from my SM-N910C using Tapatalk

[chua_riwap]

Yung pres, uwian.
Yung vice naman, pag umuwi ng Naga, mag-bus lang.
Security nightmare yan......

[anonemus]

TANGINA! Digong's cronies are already making big moves...
----



PCC STATEMENT. The Philippine Competition Commission has said it would review the PLDT-Globe deal re its market impact. I wrote the following some three or four hours ago:

DID DIGONG EXERT PRESSURES TO SELL SMC TELECOM ASSETS TO PLDT-GLOBE DUOPOLY?

They have moved with surgical precision and haste.
In a single, swift, and decisive move, the duopoly of the PLDT Group and Globe Telecom has acquired the telecommunications assets of food conglomerate San Miguel Corporation (SMC) in a deal that is seen to strengthen the duopoly of the two telecommunications giants in the country.
The deal could involve the sale to the duopoly of SMC assets that could reach $1.2 billion (or about P56 billion), the acquisition of Vega Telecom Inc., which owns controlling interests in at least five telecommunications firms, the return of 700 MHz of radio spectrum to the government, and assumption of P17 billion unpaid debts and liabilities of the acquired firms.
The deal came at the most inauspicious time.
The Philippine Competition Commission (PCC), the newly formed quasi-judicial body whose mandate is to enforce and implement the provisions of the Philippine Competition Act, or RA 10667, has yet to come out with its implementing rules and regulations (IRRs).
Outgoing President Benigno S. Aquino III has signed the competition policy law on July 21, 2015 mainly to ensure efficient market competition and level the playing field among businesses engaged in trade, industry, and all commercial economic activities, but without the IRRs, the PCC is a toothless and powerless agency to deal with antitrust issues or creation of monopolies, duopolies, and oligopolies, or any other combinations that could restrain trade and commerce.
The timing of the business deal becomes more dubious as the outgoing president has signed into law only last week the creation of the Department of Information and Communications Technology (DICT), which is mandated to come out with policies on telecommunications and information technology.
The DICT would have to come out with its own implementing rules and regulations (IRRs) in the next six months on how it would impose and implement policies on the country's telecommunications and IT sector.
Moreover, the deal came exactly a month before incoming president Rodrigo Duterte would take his oath and assume the presidency.
Duterte has openly articulated the people’s complaints about slow Internet services, warning that if the telecommunications players would not improve, other firms would come in to compete against the major players.
In his press conference this morning, where he announced the PLDT-Globe deal, PLDT chair Manuel Pangilinan said they intended to tell the Philippine Competition Commission and present to its commissioners led by chair Arsenio Balisacan that “it is already a done deal.”
In fact, Pangilinan and his Ray Espinosa, PLDT chief on regulatory affairs, announced that payments would be made to SMC within today to ensure a successful transaction among the participating parties. In short, the PCC would not be in a position to stop it even if it violates the law on competition.
It would be a fait accompli even before the official notice of the deal reaches the desk of PCC chair Arsenio Balisacan, who earlier resigned his post as socio-economic planning secretary and NEDA director general to become the first PCC chair.
The two PLDT officials described the transaction as a “win-win” for everybody, particularly the public, which has been clamoring for faster and more efficient Internet services.
In a joint statement, PLDT and Globe said they would acquire Vega Telecom Inc., which owns controlling interests in Bell Telecommunication Philippines Inc., Eastern Telecommunications Philippines Inc., Cobaltpoint Telecommunication Inc., Tori Spectrum Telecommunication Inc., and Hi-Frequency Telecommunication, Inc.
In addition, PLDT said it would acquire a 50-percent stake in New Century Telecoms Inc. and eTelco Inc.
Globe said it would acquire 50 percent of Bow Arken Holdings Company Inc and Brightshare Holdings Corp.
Espinosa explained the deal would not require any congressional approval because they were not dealing with franchises or operating vehicles.
The two dominant telecommunications giants were acquiring the parent companies, Espinosa said.
There is no immediate explanation for the almost surgical move to acquire the two firms, but even Pangilinan dropped strong hints it had the approval of the incoming president, as he claimed that he was informed of the deal.
But industry sources said no less than the incoming president has taken the direct hand to force SMC honcho Ramon Ang to sell those coveted assets to the two telecommunications giants.
When he declared that the telecommunications industry would be opened to other parties, the reality was that SMC assets would be acquired by the two giants, industry sources.
With one month to go before he assumes the presidency, the incoming president would not be accused of anything in the deal. There is no crime when he is not yet in power, they said.
Outside parties, particularly foreign firms, understand that it is very difficult to enter the Philippine telecommunications market because of existing restrictive environment, which include public policies.
Industry sources said Ang has become a virtual pariah among the bigtime business leaders because he did not support Duterte but chose to stay with his favored presidential candidate, Sen. Grace Poe.
Pangilinan, or MVP as he is called in the business circles, originally supported Vice President Jejomar Binay but took a jumpship in the homestretch and went to support the incoming president.
Not to be outdone, the Ayala family, majority owners of Globe Telecom, likewise jumped ship to support Duterte. They originally supported Mar Roxas.
Lawyer Rodolfo Salalima, who is the chief lawyer of Ayala business interests and possibly the incoming DICT secretary, was reputed to have engineered the Ayalas’ jumpship to the camp of the incoming president.
Pangilinan could hardly describe the mechanism on how the two telecommunications giants would divide the SMC telecommunications assets, but said a mechanism to identify which assets would go to each party was being devised and conceived.

Comments

[badkuk]

Imho, i don't think so. My theory is that SMC never intended to push through with their telco venture...the 700mhz thing, the telstra deal, puro papresyo lang. In the end mapupunta talaga sa duopoly yan, just a question of how much it will cost them.

It's not easy putting up a telco company, and SMC isn't exactly swimming in cash

[anonemus]

^ It's the timing and the buyers involved.

Bam is calling for an investigation.

Bam blasts sale of SMC telecom assets to Globe, PLDT; seeks probe - Newsbytes Philippines

[kagalingan]

Tama ginawa Mr Ang sa pagbenta investment sa telecommunication business. Mabigat ang pressure sa negosyo na yan. Tapos paano pag naallow na pumasok foreign players eh mawawala na tubong-lugaw.

Tingnan nyo ginawa nung gokongwei group. Nawala sakit ng ulo nung nabenta sun cellular.

Biz Buzz: The next BIR chief | Inquirer Business

The fly in San Miguel’s ointment

SAN MIGUEL Corp. president Ramon Ang is a happy man nowadays. Not only is the chief of the country’s largest conglomerate upbeat about the the Philippine business environment over the next six years of the Duterte presidency (the company unveiled plans for a special economic zone in Davao City last March), the latest financial results of the firm also look great.

Indeed, with the first-quarter reporting period now over, it looks like everything is coming up roses for San Miguel. In the first three months of the year, the P1.6-trillion business group grew its net income by 122 percent to P13.5 billion from only P6.1 billion in the same period last year.

Practically all major units reported significant increases in earnings, with some—like petroleum refiner and distributor Petron Corp.’s almost tenfold increase in first quarter net income—surprising jaded market watchers. From San Miguel Brewery, to San Miguel Pure Foods, to San Miguel Packaging, to San Miguel Global Power, to infrastructure investments firm San Miguel Holdings and even the previously struggling Ginebra San Miguel all brought in the big bucks during the first three months of 2016.

So with almost everything looking up, what’s keeping the people at the company’s sprawling Ortigas Center headquarters busy nowadays?

Well, there is that one small issue about San Miguel’s investments in the telecommunications business. Remember that the conglomerate is sitting on a virtual gold mine of telecommunications frequencies (the vaunted 700 MHz spectrum critical for high speed Internet services), which it has been trying to jumpstart since last year? But Biz Buzz hears that frustration has been running high at the head office in recent months with San Miguel’s moves in this sector having been stymied at every turn by its competitors.

According to our sources, the question the company is grappling with now is how to move forward with a very valuable asset (telecommunications infrastructure and spectrum worth billions of pesos) in the face of a very “challenging”—to say the least—business environment. Perhaps bring in a new partner? Or maybe head in the opposite direction entirely?

Word in the financial community is that a definitive answer to this important question is imminent. As in, today.

[anonemus]

Plaid is the new Barong? 1st unofficial Cabinet meeting in Davao

[anonemus]

Ongoing press con

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