DEMONSTRATION. Employees of media giant ABS-CBN call for the network's franchise renewal. Photo by Pino Arcenas/Rapplershutdown on investor sentiment, saying that the matter is"strictly" up to Congress.
"We have not seen any direct result of a slowdown in investment because of the ABS-CBN issue," Dominguez said in a virtual press briefing on Wednesday, July 8. His statement counters findings of Fitch Solutions Country Risk & Industry Research, which said that the cease and desist orders against the Lopez-run media giant were tantamount to"politicization of telecoms services in the Philippines," which in turn made potential foreign investors stay away.
"The forceful termination of ABS-CBN and Sky's broadcasts are highly politicized, and clearly linked to President Rodrigo Duterte's opposition toward ABS-CBN," the Fitch Solutions report said. "The regulator's apparent ability to be influenced by the government continues to be a key impediment to foreign investor sentiment, and has also made the telecoms landscape difficult for both new entrants and existing players."
hahaha im so sorry
The Global Economy is in recession, regardless of local & foreign investors, due to CCPVirus that shutdown industries & workers lost their jobs. Money borrowing is now prevalent in any govt of the world. Too early to feel the impact of ABSCBNShutdown. 🤔🤔🤔 SecSonnySays
Kung ba binigyan ng franchise ang ABS-CBN, ilang bilyong taxes yon na hindi na kailangan pang utangin na naman. Ilang mga empleyado din yon ang magpapagalaw sa ekonomiya. Kung kelan walang pera bansa, at pataas ang bilang ng nagkaka-covid, nagbawas ng top taxpayer. Ang bright.
So confident. But when the cookie crumbles, he'd wish he hadn't been so.
You are always shruggin things off just to please the head even if u urself know that you are just fooling yourself saying things are still okay.. smh..🤦🏻♂️
Ay ambot ani atong gobyerno. 🙄
Lahat naman dina-downplay ng gobyernong ito. Pati nga Covid-19 in January, pinagwalang bahala lang di ba? Walang sense of urgency at accountability. Nakakalungkot!
Naway matangap nyo lahat ang biyaya galing china