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Globe borrows $40 million from BPI

Globe Telecom Inc. has signed a $40 million term loan facility with the Bank of the Philippine Islands to refinance debt and fund its expansion programs......»»

Category: financeSource: philstar philstarDec 7th, 2018

Globe takes out $40-M loan to fund expansion

Industry giant Globe Telecom is raising additional money to fund its expansion and refinance existing obligations.   Globe, which is part of the Ayala Group, said in a stock exchange filing on Friday that it had signed a $40-million term loan facility with affiliate Bank of the Philippine Islands.   "The loan shall be used to partially finance the company's maturing obligations, capital expenditures and general corporate requirements," Globe said in its filing.   The company earlier allotted a capital spending budget of $950 million (P50 billion) for 2018.   This was earlier increased from an initial $850 million, as Globe decided to accelerate...Keep on reading: Globe takes out $40-M loan to fund expansion.....»»

Category: newsSource:  inquirerRelated NewsDec 7th, 2018

Globe Telecom provides P2M scholarship fund for 120 CENTEX pupils | Inquirer Business

Globe Telecom has turned over to Ayala Foundation Inc. (AFI) P2 million in scholarship grants for 120 economically-disadvantaged Grade 1 pupils from the Center of Excellence in Public Elementary Educa.....»»

Category: newsSource:  philippinetimesRelated NewsNov 27th, 2018

NBA Asia Managing Director Levy: We don t take the Pinoy fanbase lightly

The Philippines is unique, among the countries Scott Levy, NBA Asia Managing Director, handles. Tasked to oversee the development and expansion of the NBA's strategic initiatives in Asia (with the exception of Greater China and India), the Philippines is a different situation for Levy, compared to say, Thailand, or Malaysia. Unlike other countries in the region, basketball is well-engrained in the local Philippine culture, as is the NBA. In that regard, the job is easy. But diehard fans, and this country is full of diehard NBA fans, want different things, and want much more of it. And Levy and the rest of the NBA Asia office know it's important to keep them happy. Speaking to reporters as part of a roundtable Q&A session, Levy admitted that satisfying Philippine demand continues to be the biggest challenge. Citing the league's local TV partners, which include ABS-CBN, Solar, and FOX, as well as the implementation of League Pass via mobile companies Smart and Globe, Levy said, "We want to make sure that there are enough games, and that there are enough outlets [to get those games], that people can continue to interact and really get to know [the NBA] beyond maybe what the scores are. "We want to bring more players here, bring the real experiences. So we bring NBA players during the year, we bring NBA legends (the league directly brings around 3-4 players and legends to the country each year), we have dance teams, we have mascots [so that] people can get very close to the game." This differs very much from other countries in Asia. Whereas in other countries, NBA Asia devotes resources to growing the game, often teaming up with local governments' sports ministries, there's no need to teach the basics here. "That just means we take a higher level approach to coaching and make sure that there's another step that they may [take]," said Levy, who cited the example of bringing in Fil-Am coach Erik Spoelstra of the Miami Heat into the Philippines to help impart higher-level coaching techniques. Because the country is further down the line in terms of hoops techniques, the league's Jr. NBA program which is presented in the Philippines by Alaska, has played a huge role in recent years. "Nearly two million kids have come through the program...to improve their skill level. Many of our players have moved on to play in the UAAP, in the NCAA. Some are now in the PBA. So we want to contribute to the existing strength of the basketball community here," Levy said. It hasn't always been smooth sailing though. Recently, ventures like the NBA Cafe and the NBA Stores in the Philippines saw their licenses expire and close. For Levy though, it's similar to the familiar "shoot your shot" maxim in hoops. "We're willing to try things and if they're successful, great, we'll continue them," he said. "But if we think there are better ways to engage, we'll do that." Levy added that while the physical stores may be gone, fans can still purchase NBA merch through NBAStore.com, and other places like Nike, Toby's and Titan. Levy also applauded how knowledgable local fans are with regards to players and teams. While it's often thought that a large chunk of Pinoy fans are Lakers fans, Levy said that when you look at the data, it's winning teams that are able to capture the attention of Filipinos, with the obvious exception of teams in areas with large Filipino communities, such as San Francisco and the Golden State Warriors. "For me, here in the Philippines, we don't have to do much more than just make sure the players and the teams are exposed, because Filipino fans understand great play, and they understand great players. And when teams win, or players do amazing things, they become popular here," he said.   Looking ahead to the future, Levy believes that mobile will still be the way to go, though with a caveat. "As the streaming speeds continue to improve...then we'll be able to deliver more content," Levy said. "We'll continue to adjust the delivery of our product as the speeds improve." He added that the league wants to look into more basketball mobile games, even locally or regionally developed ones, to help educate fans on players and give them more ways to interact. To sum it up, Levy once again reiterated that the Philippines is "incredibly important," to the Association. "It probably is the market with the highest fan affinity for basketball, and that's daunting. To satisfy everybody, that's a full-time job. "We don't take the fanbase here lightly. We are focused on making sure that everybody is happy with what they have available and we're listening for the things that we need to do better."   Without a doubt, that's music to the Philippine fans' ears. SIX SHOTS Here are six other topics Levy touched on during the interview: 1. On the Philippines hosting another NBA Global Games "The challenge with [the Global Games] is always, there's 15,000 people in that building, and there's a hundred million Filipinos that we're trying to engage around the NBA. So while the games are great, we are really spending our time figuring out how we can engage a hundred million Filipinos. "But it's always in consideration and hopefully at some point in the future, we'll be able to bring the game back here again." 2. On the impact of a full-Pinoy player making it in the NBA "That question has always perplexed me, because the fanbase here is so strong already. I mean clearly Jordan Clarkson is very popular here, but he's not the most popular NBA player [in the Philippines]. So would a Filipino player be the most popular player? If he was the best player in the NBA, he'd probably be the most popular player, but if he's not, I think Filipinos will follow that player, and will continue to follow the best players in the NBA because that's the expectation here in the Philippines - 'I'm looking for the best players and the best teams and that's who I want to follow.' "But [by] the number of people who are playing in this country, I think it's just a matter of time before we have multiple local Filipinos playing in the NBA. It's definitely going to happen. The game is getting better, the coaches are getting better, the level of talent in the PBA continues to go up, and there are more Filipino players coming to the US and playing in university [NCAA] so it's definitely going to happen." 3. On the passing of FIBA Secretary General Patrick Baumann "I personally knew Patrick and there was nobody that spent more time and energy and basically dedicated their life to the sport of basketball and had such a great impact on the sport of basketball around the world. It’s a tragic loss. Personally, I will miss Patrick and he worked very closely with NBA Commissioner Adam Silver and Deputy Commissioner Mark Tatum. They had just seen him in a FIBA conference in Xi’an, China a few days before and typically with Patrick he was off in Argentina in another basketball event. I mean, he just, he was tireless in his efforts and he had tremendous success and it’s a tremendous loss to the entire basketball community." 4. On the NBA expanding the game towards female fans in the Philippines. "[For the Jr. NBA PH program] our goal is always 50-50, boys-girls. We haven’t yet achieved that here in the Philippines but again, working closely with the schools, working with Alaska, working with SM...the percentage continues to increase. I'm not exactly sure what the [numbers are] last year, but it's still too low. "I think that’s why it’s a little bit of frustrating here. In countries like Thailand and Indonesia, where, well Thailand has more than 50 percent girls, and in Vietnam and Indonesia it’s over 40 percent right now. So, again, our goal is 50-50. This sport is gender neutral, we bring WNBA players into market, we’ve done that many times already and now we’re going into schools to really try to encourage young girls to play the game." 5. On giving tips to local leagues to become more successful "We’re not here to dictate how a league should be run. What we’re trying to do is understand where we can be helpful, if they’re looking for assistance in building an arena, we’re happy to help with that. If they’re looking [at] how to enhance ticket sales, how to expand the live in-arena experience. Whatever it is that they may ask for our assistance, we are here to help. We support local basketball in every way we can but we’re not being prescriptive in saying this is how you should run a league in the Philippines. There’s way more knowledge on the ground here in the country than we have about what’s successful here." 6. On sports stars from other leagues interacting with NBA players "Our players are incredible. They are global icons, they’re incredible on social media which continues to grow their fanbase….because our players are active on social and they’re interested, personally interested in fashion and technology and gaming, and music and they have relationships with Jay-Z and with Usher, with every other top performer and other athletes are also interested because they’re fans. So when we do an event in London, we get calls from players on Chelsea, and on Tottenham and on Liverpool and on Man U and say “Hey, we wanna come to the game because we wanna see these athletes play. "So, anytime there is an athlete that is a fan of the NBA we will look to engage them. We work with all other sports leagues and we’re also fans. Our players are fans. There’s an opportunity to go to Camp Nou in Barcelona, our players want to be there. So, this is more driven by the players, their personal interests in other sports and other athletes and luckily our athletes are generally pretty popular around the world, and we’ll encourage that engagement and facilitate some particularly social media moments where Neymar comes into the locker room and exchanges a jersey with Steph Curry. We had Ronaldinho wearing a Carmelo Anthony jersey, dribbling a basketball on his head. All these moments are really special for the crossover fans from one sport to another. But it’s really driven by our players’ personal interest or other athletes’ personal interest in basketball.".....»»

Category: sportsSource:  abscbnRelated NewsOct 25th, 2018

Globe, Disney wrap up Time Please with 22.1 million volunteering hours

Time Please winners John Mark Panares (2nd from left) and Jade Mabalos (middle) with Seshasaye Kanthamraju, Executive Director for Communications & Citizenship, The Walt Disney Company Southeas.....»»

Category: newsSource:  philippinetimesRelated NewsOct 12th, 2018

Five prospective bidders show up for telco search

Five prospective bidders paid a non-refundable P1 million each on Monday for documents that would allow them to participate in the government’s search for a challenger to the PLDT-Globe duopoly. Acting Information and Communications Technology chief Eliseo Rio said he was “happy with the first day response”, adding that “it shows there is real interest [...] The post Five prospective bidders show up for telco search appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 9th, 2018

NY’s Met to sublease modern art annex in surprise move

New York's Metropolitan Museum of Art made a surprise announcement Friday it would reboot stalled renovations of its modern and contemporary wing, and temporarily turn over the building housing the works to the nearby Frick Collection. In 2014, the Met had announced it would rebuild its southwest wing that runs along Fifth Avenue at an estimated cost of $600 million (around P32.4 billion) --- but its deteriorating financial situation forced the museum to rein in its plans. Despite pulling in record crowds, the storied institution --- one of the world's largest art museums withcollections spanning the globe from antiquity onward --- was forced to cut costs by curbing hiring, ann...Keep on reading: NY’s Met to sublease modern art annex in surprise move.....»»

Category: newsSource:  inquirerRelated NewsSep 22nd, 2018

Globe spearheads creation of Esports ecosystem

There were a total of 29.9 million video gamers in the Philippines in 2017, spending a total of $354.2 million......»»

Category: newsSource:  tribuneRelated NewsSep 10th, 2018

Amazon Prime Video to be part of Globe s on-demand offerings

MANILA, Philippines – Globe will be announcing details of its partnership with Amazon's video-on-demand platform, Amazon Prime Video, on Thursday, August 30.  Prime Video is the second-largest on-demand platform in the world, second only to industry leader Netflix, which had 118 million subscribers by the end of 2017. Prime Video ........»»

Category: newsSource:  rapplerRelated NewsAug 29th, 2018

More than two million Muslims begin hajj pilgrimage

MECCA, Saudi Arabia (UPDATED) – More than two million Muslims from around the globe started the hajj pilgrimage on Sunday, August 19, in Saudi Arabia, one of the world's largest annual gatherings in a country undergoing unprecedented change. (READ:  The hajj in numbers ) The ultra-conservative kingdom – where religion remains a guiding force amid ........»»

Category: newsSource:  rapplerRelated NewsAug 19th, 2018

Trade show estimates 156 million Muslim travelers by 2020

JAKARTA -- Regional travel trade show ITB Asia has said that about 156 million Muslims would be traveling around the globe by 2020, a growth of nearly 30 percent since 2016, and that the estimated.....»»

Category: newsSource:  philippinetimesRelated NewsAug 15th, 2018

Over 9.5M volunteer hours clocked in for Globe, Disney’s Time Please

Nationwide volunteering program extended until August 31 Volunteers across the Philippines have collectively shared their acts of kindness with over 9.5 million hours registered with Time Please in two months. The nationwide volunteer program is a collaboration of Globe Telecom and The Walt Disney Company Philippines. Various organizations – big….....»»

Category: newsSource:  journalRelated NewsAug 15th, 2018

ABS-CBN Sports, Garena partner for 2018 Globe Conquerors Manila LoL tournament

Another major eSports event will soon be watched on ABS-CBN S+A as ABS-CBN Sports and Garena come together for the “2018 Globe Conquerors Manila” League of Legends (LoL) tournament this August. Fans of the popular multiplayer online video game can witness the best teams in Southeast Asia battle for pride and prize when the tournament goes LIVE from the Mall of Asia (MoA) Arena on ABS-CBN S+A, as well as via livestream and YouTube live for the semifinals and finals this Saturday (August 18) and Sunday (August 19). Garena is exclusive operator of top tier games in Southeast Asia and a leading advocate of eSports in the region. For this tournament, it brought eight teams from the Philippines, Singapore, Malaysia, Indonesia, and Thailand who have already started battling it out in the preliminaries happening at the Sofitel Philippine Plaza Manila until Friday (August 17). S+A’s coverage on Saturday (August 18) will start at 10 am for the opening ceremonies of the semifinals. The semifinals will be a best of five series between the Group A toppers and Group B 2nd placer in the morning, while the second seed of Group A faces the top seed of Group B in the afternoon. Viewers can also catch the celebrity showmatch featuring popular gamer, musician, and cosplayer Ashley Gosiengfiao, comedian Empoy Marquez, and James Reid’s brother, Jack, among other personalities. On Sunday (August 19), the victors in the semifinals will figure in another best of five series at 2 pm for the right to book a trip to the 2018 League of Legends World Championships in South Korea as the Southeast Asian representative. There will also be band performances for those who will troop to the venue while it will be hardcore battles for those tuning in to S+A. eSports has been a rising phenomenon all over the world, especially in the last few years, where events such as the League of Legends World Championship can draw over 30 million viewers to rival traditional sports. S+A, which also previously aired a major DOTA 2 event, is committed to helping strengthen the local gaming community and promote eSports as a legit and competitive sporting event.   ---- Don’t miss the heart-pounding action of the various heroes in the virtual world of League of Legends in the live broadcast of the semifinals and finals of the “2018 Globe Conquerors Manila” LoL tournament this Saturday (August 18) starting 10 am and on Sunday (August 19) at 2 pm LIVE on S+A and S+A HD, as well as via livestream and YouTube live. .....»»

Category: sportsSource:  abscbnRelated NewsAug 14th, 2018

Glyphosate under fire from San Francisco to Sri Lanka

PARIS, France – Glyphosate, the world's most widely used herbicide and the active ingredient in Monsanto's weedkiller Roundup, is the subject of fierce controversy all across the globe and is classified by the World Health Organization as "probably" being carcinogenic.  After a US court on Friday, August 10, ordered Monsanto to pay nearly $290 million ........»»

Category: newsSource:  rapplerRelated NewsAug 11th, 2018

Bourdain leaves bulk of $1.2M estate to 11-year-old daughter

        NEW YORK --- Globe-trotting chef, author and TV host Anthony Bourdain was worth $1.2 million when he died last month and left most of the estate to his 11-year-old daughter, according to court papers filed this week in New York. Bourdain's will and related papers show assets including $425,000 in cash and savings, $250,000 in personal property, $500,000 in intangibles like royalties and residuals, and $35,000 in a brokerage account. The documents also list a $1.1 million mortgage. The 61-year-old Bourdain was found dead June 8 in an apparent suicide in his hotel room in Kaysersberg, France, an ancient village where he was working on hi...Keep on reading: Bourdain leaves bulk of $1.2M estate to 11-year-old daughter.....»»

Category: newsSource:  inquirerRelated NewsJul 7th, 2018

Airbnb, Uber woes show Japan does not share easily

Thousands of Airbnb reservations scrapped, Uber reduced to delivering food: life is hard in Japan for giants of the sharing economy, stuck between tough regulation and popular suspicion. Japan may be the world's third-largest economy and a high-tech hub but it has been surprisingly slow to warm to the sharing economy that has disrupted markets across the globe. According to 2016 figures compiled by research institute Yano the sharing economy accounted for 50 billion yen ($455 million) in Japan. While that's a 26 percent year-on-year rise, it is a drop in the ocean compared with markets in Europe, the US or China, which are worth tens or hundreds of billions of doll...Keep on reading: Airbnb, Uber woes show Japan does not share easily.....»»

Category: newsSource:  inquirerRelated NewsJul 1st, 2018

Will the SEC fight for public investors?

GLOBE Telecom Inc. (GLO) reported, as seen on the Philippine Stock Exchange (PSE) website, that the number of its outstanding common shares have increased to 133.046 million as of June 4, 2018, from 132.917 million. This means an addition of 129,250 common shares, based on a company filing dated April 11, 2018. The company’s outstanding [...] The post Will the SEC fight for public investors? appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJun 5th, 2018

Facebook expands presence in PH, opens new office

Social media giant Facebook is expanding its business presence in the country, where it is used by over 66 million Filipinos. Facebook recently opened a new head office in Bonifacio Globe City, Tag.....»»

Category: newsSource:  philippinetimesRelated NewsJun 1st, 2018

Globe to spend more for CAPEX

Ayala-led telco Globe Telecom Inc. may spend more than the $850 million programmed worth of capital expenditures this year to enable the network to support increasing data traffic......»»

Category: financeSource:  philstarRelated NewsMay 27th, 2018

Business of Football - Philippines highlights football s growth in the country

MANILA -  The recent success of The Azkals, with their Asian Cup qualification, and their FIFA ranking at its highest at 111, has given football a renewed confidence, and a positive outlook in terms of the growth of the sport in the Philippines.   Football is now tipped to become the fastest growing sport in the country, with the largest potential for success commercially, and in terms of on-pitch success.  The sport which is currently number 3 in the Philippines in terms of popularity and participation, after basketball and boxing, is said to be still further behind compared to other sports, such as volleyball, billiards, etc., in terms of TV coverage. These were among the insights and trends gathered from top-notch executives of organizations such as AFC, PFF, PFL, LaLiga, Dentsu X, SMG Insight, Globe Telecom, RSportz, Toby Sports and Manila Times, at the ‘Business of Football - Philippines’, organized by MMC Sportz.  The sold-out event was attended by more than 185 local and foreign delegates on 18 May 2018 at the New World Makati Hotel.   MMC Sports CEO Eric Gottschalk says, “Research in this market, shows that TV is still the number one platform here in the Philippines, and is the number one medium that advertisers are looking for, to spend their budgets on.  We also learned that live TV coverage actually stimulates stadium attendance, and not vice versa.  If there’s more football on TV, we will see more fans in the stadium.  Currently football is not ranked among the top 100 TV programmers in the Philippines and is only number 3 sport in terms of participation and popularity after basketball and boxing.  Football needs media in order to drive commercial revenues for the clubs.”   “Now is also the perfect time to get involved in football since sponsorship and advertising opportunities are currently very affordable compared for example to basketball, but this is predicted to change within the next 6-12 months, as values are expected to increase sharply.  Football also needs to create more idols and heroes to attract more media coverage overall, other than just covering game scores. Each team has a unique story which just needs to be told,” says Gottschalk. Following the presentation about the Philippines Football League (PFL) it was agreed that the PFL now fills the lack of regular created football content as the leagues matches (87 in 2018/19 season) contribute year-round stories to keep football in the news. In the past, the main talking points were around the Azkals which only play very few home matches each year.      Public education about the game of football is also needed on all levels as many people in the Philippines are still not aware about the rules or aware of programs available like coaching academies, amateur competitions, or how and where to follow the professional league.  Ten thousand (10,000) qualified grassroots coaches are also needed to satisfy the local demand and to trigger strong football development and growths. Investors on the other hand are looking for consistency and credibility of the football product but with the PFL in the second season and foreign sponsors expected to invest in the Philippines, local brands should consider to follow suit.  On the sports retail side, only 1.5% of current retail sales are attributed to football, while basketball enjoys a healthy 46% market share. As a result, only limited line items and stocks are available in stores and entry level boots and replica jerseys are too high priced to be affordable for the average consumer. The national player registration program, MY PFF, has been launched with the objective to collect vital statistics and data about the football community which is urgently needed to support the youth football development strategy of the PFF and to develop a players pathway.  As FIFA has mandated to register the estimated 1.5 million players in the Philippines, the PFF has urged organizers and players to already register online as by next month only registered players will be allowed to participate in sanctioned events. The “Business of Football – Philippines” conference also announced 36 career opportunities related to sports and football, including positions in marketing, legal, competition management and coaching, with all these listing being available online with MMC Sportz or for direct inquiries with the PFF. In his closing remarks, MMC Sportz CEO Eric M. Gottschalk stated that “More importantly, Don’t Break the 12th Man! It is important that all stakeholders don’t forget to engage with the fans. The fans are the most important aspect of the development of football in the Philippines – if there are no fans of football then there is no media, no spectators, no players, no games, no business. Everyone is required to ensure we keep the fans (football consumers) engaged year-long and the first step would be to get the media behind the game. There is a strong football - community out there already and hopefully, we the TV broadcasters will take another look at football and give them at least some consideration on the program schedule.  I believe today’s conference was a great success.  We brought the football community together, stimulated thinking, exchanged ideas and transferred a lot of knowledge. Now it is up to the football stakeholders to continue the progress.  From our end (and with the approval of the PFF) we will stage the 2nd edition of BOF early 2019 and hopefully we will be able to report on some of the changes initiated today.”    Speakers who shared their insights include LaLiga Managing Director for South East Asia, Japan, Korean and Australia Ivan Codina, AFC Head of MA Services Domeka Garamendi, SMG Insight Managing Director Frank Saez, Azkals Team Manager Dan Palami, Globe Director for OIC, Citizenship and Advocacy Marketing Miguel Bermundo, PFL CEO Lazarus Xavier, PFF General Secretary Atty. Edwin Gastanes, Ignite Sports Group Managing Director Michael Reyes,  Asian Replica Designs Founder & Owner Jonathan Mallinson, Quorum Group President & COO Jose Claudio, Jr., Mediapro Asia Director of Sales and Sponsorship Salauddin Sinnakandu, and MMC Sportz Marketing CEO Eric Gottschalk.  Organized by MMC Sportz Asia, the event was sanctioned by the Asia Football Confederation (AFC) and the Philippines Football Federation (PFF), and sponsored by La Liga, Dentsu X, SMG Insight, RSportz, Globe Telecom, Toby’s Sports, Manila Times and Platinumlist. - RELEASE  .....»»

Category: sportsSource:  abscbnRelated NewsMay 22nd, 2018

‘Empire’ pressing on for season 5

Brett Mahoney will assume showrunning duties for season five of "Empire", having been on board as executive producer for two earlier episodes of season four. The fictional music industry serial is to retain its leads, Terrence Howard and Taraji P. Henson, who play hip hop legend and music mogul Lucious Lyon and his ex-wife and the music label's co-CEO, Cookie, respectively. With the show and its cast having collected trophies from the AFI, BET, Critics' Choice and Golden Globe awards in previous years, season four was as well received by critics as its incendiary first season. Audience viewership is down, however, with mid-season numbers of 5 to 6 million per episode continu...Keep on reading: ‘Empire’ pressing on for season 5.....»»

Category: newsSource:  inquirerRelated NewsMay 3rd, 2018