BIZ BUZZ: Cable TV industry killer

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You’d think that a billionaire who had his humble beginnings selling cable television services to his fellow Kapampangans would have a soft spot for what is increasingly looking like a sunset

More importantly, the service will come at no additional fee for the subscriber as the cost of carrying all those channels will be tucked into the existing subscription fee.

But more importantly, this new service will probably spell the end of the traditional cable TV industry as we know it. And didn’t Cignal just buy Sky Cable for P6.8 billion in the hopes of increasing its footprint and subscriber base? Whoopsie.Private banking is a lucrative, though often unseen, business that larger financial institutions compete fiercely in, hoping to net all those billionaires and their idle billions.

Metrobank garnered the Best Domestic Private Bank in the Philippines award for the second straight year. It was also named the Best Bank for the Ultra-High Net Worth clients. The 128-year-old company was again ranked No. 1 after ending the previous year with total premium earnings of P52.6 billion.

 

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