ABS-CBN reports record net income of ₱3.525B for 2016

ABS-CBN Corporation, the country’s leading media and entertainment company, reported P 41.6 billion in consolidated revenue for 2016, bringing its net income to P3.5 billion, 39% higher than the P2.5 billion reported in 2015. “We are very pleased to have exceeded our earnings guidance for 2016,” said ABS-CBN Chief Financial Officer Aldrin Cerrado. “Full year growth in advertising revenues, boosted by election-related spending, was about 11%.” ABS-CBN adopted the cost per individual rating point pricing (CPIRP) scheme in 2015, which rewards the company for an …

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One Gift, A Million Blessings

It was the 90s and Eddie and Raquel Bigay had worked for the life they wanted. The pair successfully built a business in Paranaque after years of selling fish, and they lived with their kids Ernie, May Ann and Lady Lyn. That is until tragedy struck. Eddie died unexpectedly from a second operation to remove his cirrhosis. But even with his passing, the family man was still able to provide comfort to his grieving family. He left them the gift of starting over, courtesy of …

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GMA Network employees win illegal dismissal case

The National Labor Relations Commission has just announced that the former GMA Network employees has won on their illegal dismissal case. According to Rappler, Talents Association of GMA (TAG) attorney Ricardo Lapesura stated that the NLRC ruled that the petitioners whose contracts were not renewed were illegally terminated. The decision orders the second largest network to reinstate the workers. NLRC also ruled the network to pay back the compensation equivalent to the workers’ monthly salary from the time they were dismissed until their reinstatement. TAG president Christian Cabaluna cited that …

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Hop In Hotel: Thai hospitality chain now in the Philippines

Thai hotel chain expands abroad with opening of first hotel in the Philippines Traveling in majesty used to be expensive –– not until Hop Inn came in. The Thailand-based hotel was officially launched in the Philippines through its innovating outlet along Ermita in Manila. The new hotel offers top quality accommodation for people on a tight budget. The Philippines serves as The Erawan Group PLC’s first market overseas since they ventured into the economy category, said President Kamonwan Wipulakom. “The country has high potential for …

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Jollibee’s first Canadian branch warms up Winnipeg

Jollibee opened its first store in Winnipeg, Canada, home to over 70,000 Filipinos last December 15. The inagural location was chosen because Winnipeg is home away from home for a lot of our countrymen, with Tagalog being the second-most common mother tongue language spoken. In typical Jollibee fashion, the store was welcomed by long cues with people lining up as early as 10:30 PM the night before. The crowd braved the -25 celsius weather to get a chance to taste a bit of home with …

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McDonald’s Philippines officially opens Tagaytay-Calamba road branch

Today (December 10), McDonald’s Philippines will be opening its doors to its customers on its newest branch located along the Tagaytay-Calamba road. Compared with other branches, McDonald’s Tagaytay-Calamba branch will boast of the familiar drive-thru with McCafe and Al Fresco arreas. The design of the store is intended to create an enhanced Tagaytay lounging and dining experience. Since Tagaytay is a famous weekend or day trip destination for families and friends, McDonald’s wanted to match the experience that people are looking for when they go here with …

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IMMAP: #ArtLotto win at the 2016 Boomerangs demonstrates the offline impact of digital

As digital integrates itself in the offline lives of many, the future is increasingly becoming more and more digital-led. This is seen in the #ArtLotto campaign which won Publicis JimenezBasic the Digital Marketer of the Year, Best in Show and Best in Innovation Excellence awards as well as multiple Golds at the recently concluded 2016 Boomerangs, organized by the Internet and Mobile Marketing Association of the Philippines (IMMAP). The Boomerangs was conceptualized by IMMAP in 2008 to honor Philippine advertisers and agencies whose campaigns and …

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Asian growth accelerates as Carlson Rezidor Hotel Group signs Radisson RED in Kuala Lumpur

HONG KONG (OCTOBER 19, 2016) –Carlson Rezidor Hotel Group, one of the world’s largest and most dynamic hotel groups, today announced at HICAP (Hotel Investment Conference Asia Pacific), the signing for Radisson RED Kuala Lumpur City Center in Malaysia with Masteron Sdn Bhd. The 166-room new build hotel is strategically located 800 meters from the iconic Petronas Twin Towers. With this signing, Carlson Rezidor Hotel Group will introduce Radisson RED, an ageless Millennial mindset brand, to the Malaysian market. The new property will be situated …

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PLDT, Smart ink partnership with ABS-CBN for iWantTV

In a groundbreaking partnership, the country’s leading digital services providers PLDT Home and Smart Communications have teamed up with leading media and entertainment company ABS-CBN for iWant TV, the latter’s streaming service for TV shows, movies and other exclusive digital content. Under the partnership, PLDT Home and Smart subscribers will soon be able to use their prepaid load or postpaid account to binge-watch and catch up on their favorite ABS-CBN shows, blockbuster films and other top-rated content on www.iwantv.com.ph on their computers or Smart TVs, …

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ABS-CBN reports 76% jump in first half net income to ₱2.1B

ABS-CBN Corporation, the country’s leading media and entertainment company, reported PHP 20.9 billion consolidated revenue for the first half of 2016, bringing its net income to PHP 2.1 billion, 76% higher compared to the same period last year. The company reported higher second quarter revenues of PHP 11.2 billion, 20% higher than the revenues generated during the first quarter of this year. “The improvement in our ratings, coupled with the newly implemented cost per individual rating point pricing scheme, contributed to the increase in our …

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