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Thursday, October 16, 2014

Solar News - 9TV rebrands as CNN Philippines for 5 years

Yahoo Southeast Asia Newsroom - CNN arrives in the Philippines. - Image: manilastandardtoday.com

9TV rebrands as CNN Philippines

It started out as a joke. Nine Media Corporation chairman Antonio Cabangon-Chua and his friends bantered about bringing CNN to the country. Then they realized it could be done. 

That eventually led to Tuesday’s official announcement of the rebranding of the former ambassador to Laos’ 9TV, formerly Solar News, to CNN Philippines—the result of 1 year and 4 months of negotiation with CNN International (CNNI).

No, the latter is not investing money in Nine Media Corporation; after all, foreigners can’t invest in media properties in the country. It is the Filipino company that’s paying CNNI every month. How much, Cabangon-Chua didn’t want to disclose.



“This is not all about money in the business sense anymore,” he said. “I’m already 80. I want to leave a legacy.”

 So what’s going to change?

Kayen Zialcita, the local company’s senior vice president for brand development and marketing, summed it up: “The look and feel of the channel, the way we gather news, the way we report the news… those are all going to change.”

She added, “Everything will have to change because we have to live up to the standard of CNN.”

Thus, Filipino journalists will receive extensive training from CNN here and abroad.

CNN arrives in the Philippines. - Image: philstar.com

That CNN agreed to the five-year partnership means that the two organizations’ vision, mission, and values are aligned, CNNI senior vice president Ellana Lee confirmed.

They only have a few partnerships, and CNN Philippines is the newest addition to their small family that includes those in Indonesia, Chile, India, Turkey, and Japan.

“We have to look at the type of company that we partner up with,” Lee explained. “They [Nine Media] bring a lot of the same values that we look for in terms of covering the news and where they want to take the news specifically in the Philippines.”

In exchange, CNN will have the opportunity to reach in to the Philippine market, as their local partner is on free TV besides being available 24 hours on cable and pay television —unlike CNN’s other partnerships.

A win-win situation, according to representatives of the two organizations. 

CNN Philippines will operate from studio facilities in Metro Manila and will replace 9TV on the RPN network nationwide. It will deliver content from CNN’s affiliates, including the one in the United States. Feature programming and newscasts will be distinct.

“It’s a combination,” Zialcita said. “Otherwise, there will be no difference from the cable TV channel.”

 “But again, this is not a one-way business,” CNNI VP for content sales and partnerships Greg Beitchman stated. “You’ll see stories made globally for the local market, but we will also broadcast the best news in the Philippines that can be offered internationally.”

This development should provide competition in an industry dominated by two TV networks: ABS-CBN, which has the ANC 24-hour news channel, and GMA-7, which has GMA News TV, a channel that broadcasts the whole day as well, albeit on free TV.

“We have 34 years of strong knowhow, so we will shake up the [Philippine] landscape,” Beitchman said.

He added, “It will be quite challenging but fun. Competition is good; it will make us all better, and hopefully, it will also improve Filipino journalism.”

Expect CNN Philippines to be available first quarter of 2015 on free-to-air TV in Manila RPN-TV9, Cebu RPN-TV9, Davao RPN-TV9, Zamboanga RPN-TV5, Baguio RPN-TV12, and Bacolod RPN-TV8. 

It will likewise be on cable TV through Sky Channel 14 (Metro Manila), Sky Cable Channel 6 (Cebu, Davao, Bacolod, Iloilo, and Baguio), Destiny Cable Channel 14, Cablelink Channel 14, and Cignal Channel 10.  - Yahoo News Philippines

 

 

Sunday, October 12, 2014

CREBA: ASEAN 2015 economic integration could boost Philippine property industry growth

Image from: Asean Community 2015 Facebook Page

Leave like and Follow the ASEAN Economic Community Group and Page

AEC 2015 group: https://www.facebook.com/groups/ASEAN2015.Beyond/

 

AEC 2015 Fb page: https://www.facebook.com/Asean.Community.2015.and.beyond

The integration would require more commercial and residential infrastructure for highly urbanized cities within the region, including key cities of the Philippines

CREBA: ASEAN integration to boost PH property industry growth

MANILA, PHILIPPINES – The Philippine real estate industry is expected to grow further next year as the upcoming Association of South East Asian Nations (ASEAN) economic integration continues to attract foreign investors and with the region’s increasing role in the global economy.

The ASEAN integration in 2015 will change the economic landscape of the whole region, particularly the real estate market, Noel Cariño, president of Chamber of Real Estate and Builders Association (CREBA) said in a statement.

“The demand for residential spaces adjacent to malls, retail complexes, and other recreational spaces would go up and will likely increase the already healthy real estate market,” Cariño explains.

More commercial and residential infrastructure for highly urbanized cities within the region including key cities of the Philippines would be needed as the integration sets in.

“Residential, commercial, and retail developers, which will be exposed to international market, will expand their operations and acquire properties inside and outside the country, while foreign investors and corporate executives with local operations in the country will look for residential spaces for a place to stay,” Cariño added.

                                                            Makati City, Metro Manila, Philippines

Reforms needed

To reap the benefits of the ASEAN integration, the country must continue to pursue relevant market reforms in order to remain competitive.

“Foreign ownership restrictions enshrined in the Philippine constitution will hinder the growth of foreign direct investments, so we need to continue to improve the business environment in the country in order to attract more investors,” Charlie Gorayeb, national chairman of CREBA pointed out.

CREBA is pushing for the passage of a bill that will consolidate the function and powers of major housing and urban agencies of the government to address effectively the needs of both consumers and developers.

CREBA also aims to sustain a centralized home financing program for the country to address the current housing backlog and supply the housing demand of the growing middle class within the next 20 years.

With the upcoming ASEAN integration, property players “should work together to unlock strategic approaches to keep the domestic property sector afloat” as multinational players enter the already stiff competition in the country’s real estate market, according to the organizers of the convention, CREBA said in a statement.

Meanwhile, Iloilo will host host CREBA’s 23rd National Convention on October 15 to 18. Senator JV Ejercito, who chairs the senate committee on urban development, housing and resettlement, is set to deliver a keynote speech on the legislative agenda of the real estate industry in the 16th congress. –Rappler.com

 

 

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