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People's Journal

People's Journal

Piolo nostalgically turns new leaf in life and career

UTTERLY grateful Piolo Pascual bares well-defined goals as he welcomes a new decade in his thriving career.

The reluctant icon marks his second decade as one of the most celebrated matinee idols and versatile personalities that dominate various platforms in the entertainment scene.

Piolo is convinced that his first decade have defined and prepared him for the next ten years in the business.

Cementing his previous statement that leaving the business is no longer an idea in his horizon, the singer-actor also bared how he intends to tackle the next more decades.

Aside from being a reliable actor and an overall kind man, Piolo has earned the perception of being a reserved and safe. This time, he promised that his supporters could expect him to go beyond his comfort zone.
   
Not only that, Piolo is also keen on “giving back” to the business and to the people who have served as family and who have embraced him through the years.
   
And so for his 40th birthday celebration, the actor made sure to commemorate it with the people who made him appreciate his blessings.
   
There’s his gathering with the children at Hospicio de San Jose last December 23. Aside from that, Piolo also made sure to reach out to more fans, similar to what he did on his charity event last January 8 at the Justice Jose Abad Santos High School in Binondo.
   
Piolo’s dearest friends including Rayver Cruz, Shaina Magdayao, Pooh, Jed Madela, Erik Santos, Angeline Quinto, Tippy Dos Santos, Khalil Ramos, Aaron Villaflor, Marion Aunor, and teen stars Ylona Garcia, Loisa Andalio, also made time for his special event.
   
In place of an extravagant celebration, Piolo’s family and friends, with the help of StarStudio magazine, mounted a surprise birthday party for the January 2017 cover star last January 5.
   
As far as his career is concerned, Piolo is hoping to be able to get deeper into the business by focusing on other aspects such as movie production.
   
As a celebrity, he was honest enough that he’s somehow entertaining the idea of bringing his talent outside of the country.
   
“Hopefully I want to be able to do something regionally, like an international film. But I’m not keen on getting into Hollywood because I don’t think I’m young or old enough to be in it,” he explained.
   
On top of his dreams and goals, 2017 is sure to be packed for one of the pillars of the Kapamilya Network.
   
Musically, Piolo is slated to release his latest studio album titled “Piolo Pascual Greatest Themes.” Piolo also revealed that he’s currently collaborating on a new album with ace front man Ely Buendia. At the moment, Piolo is also looking into staging a concert sometime this year.
   
Those missing him in the big screen, meanwhile, need not wait any longer as his first film opposite Yen Santos titled “My Northern Light” is also set to hit the theaters on March 29.
       
Piolo happily welcomed the idea of having a new leading lady. After all he makes sure to give them the best and to cull certain lessons from them.
   
The film is slated to come out during the first quarter of the year. Other than his movie, Piolo also teased about taking part in a teleserye sometime this year.
   
Apart from being the Ultimate Leading Man, Piolo also shone as an in demand brand ambassador and endorser, who counts a number of longstanding relationship with brands like BDO, SunLife, Under Armour and Essilor. This year though, Piolo has been welcomed to two new families namely Dunkin Donuts and Mega Sardines.
   
In the end, all his feats in the big and small screen, in the endorsement, music and digital scene only confirm that he’s really the ultimate star. To mark this momentous occasion, Piolo is taking part in a grand musical celebration in ASAP today, January 15.

  • Published in Showbiz

Monopoly suit against Apple’s App Store gets new life

SAN FRANCISCO (AFP) - A US appeals court on Thursday revived a civil suit accusing Apple of creating a monopoly by making its App Store the only place to buy iPhone applications.

The suit, initially filed in late 2011, seeks hundreds of millions of dollars in damages based on the reasoning that the lack of competition pushed app prices higher.

An appellate court panel in San Francisco reversed a lower court judge’s decision to derail the suit on the grounds iPhone owners were doing business with app creators and not Apple at the online shop.

“The panel reversed the dismissal for lack of statutory standing of an antitrust complaint alleging that Apple, Inc., monopolized and attempted to monopolize the market for iPhone apps,” the US Court of Appeals for the Ninth Circuit said in a written ruling.

“The panel held that the plaintiffs were direct purchasers of iPhone apps from Apple, rather than the app developers, and therefore had standing to sue.”
   
The ruling gave a green light for the suit to resume, paving the way for a potential big-money payout or even an open market for apps for Apple devices.
   
Apple launched the iPhone in 2007, creating a walled garden into which only applications approved by the California-based company were permitted.
   
A year later, Apple launched the App Store as an online shop for apps and other content for iPhones, with the company getting to approve offerings and taking 30 percent of the price of what third-party developers sold there.
   
In the motion that got the case dismissed, Apple had argued that iPhone owners were doing business with app makers and therefore lacked the standing to sue the company in the matter.

  • Published in Business

GDP to grow 6-7% in 3 years

The World Bank has seen sustained economic growth in the Philippines at 6.0- to 7.0-percent level in the next three years.

In its 2017 Global Economic Prospects report released in Washington on Tuesday (Wednesday in Manila), World Bank forecasted gross domestic product for the Philippines in 2019 to grow 6.7 percent.

The World Bank also hiked its projection for the Philippines in 2017 and 2018, which was forecasted in June 2016 to settle at 6.2 percent for both years.

The latest report now expected Philippine GDP to expand 6.9 percent for this year, higher by 0.7 percentage points from its previous projection.

Higher growth projection is likewise seen next year at 7.0 percent, up by 0.8 percentage points.
   
Economic growth projection for the full year of 2016 was also upgraded to 6.8 percent from its previous forecast of 6.4 percent due to higher-than-expected growth in third quarter last year at 7.1 percent.
   
In its Philippines Monthly Economic Developments released last month, the World Bank noted that the optimistic outlook for the economy is driven by high confidence among investors and consumers.
   
“Continued policy commitment to the planned increase in public infrastructure spending is expected to carry the economy’s growth momentum over to 2017 to 2018,” the World Bank office here stated.
   
Moreover, the Philippine economy has endured the slowdown in investment growth globally and within the East Asia and Pacific.
   
According to the 2017 GEP, investment growth in the region has steadily declined from 12.1 percent in 2010 to 6.5 percent in 2015 to 2016.
   
“It reflected a deceleration in public as well as the private sector, as the coordinated fiscal stimulus following the global financial crisis was unwound (especially in China),” the World Bank report noted.
   
The report also mentioned that there were delays in investments in Thailand and the Philippines, contributing to the easing of investment growth in the region.
   
“The uncertainty due to political problems in Thailand and delays in investment approvals in the Philippines held back investment in these countries,” the report added.
   
The World Bank, however, noted that there is substantial demand for investment in infrastructure in East Asia and Pacific.
   
“The region shows a significant disparity in density and quality of transport networks, electricity provision, and housing with greater gaps in China, Indonesia, and lower-income ASEAN economies,” it stated in the report.
   
The report, on the other hand, has lauded investments of East Asia and Pacific countries in human development, particularly in health and education.

  • Published in Business

Domestic liquidity to remain high

Domestic liquidity is expected to remain high following the ban against trust entities from tapping the Bangko Sentral overnight deposit facilities and the Term Deposit Facility.

BSP Deputy Governor Diwa Guinigundo said the end of the holiday season, during which banks held on to their cash to service fully their clients and the public’s need for cash, is another factor which may lead liquidity in the system to remain high.

He, however, pointed out that he did not see these factors becoming a problem because, for one, funds from trust units of banks were expected to be deposited with the BSP facilities as bank deposits.

He also noted the rise in bid to cover ratio of the central bank’s TDF as a result of higher bids of financial institutions because of their strong cash position.

Last December, the TDF’s 28-day facility experienced under subscriptions after tenders were lower than the P150 billion offering.
   
Monetary officials attributed this to seasonal factors.
   
During the auctions in the first two weeks this January, banks’ tenders for both the seven-day and 28-day TDF surpassed the P30 billion and P150 billion offering, respectively.
   
This week, bid coverage ratio of the seven-day facility improved to 1.6403, higher than the 1.2602 during the Dec. 28, 2016 auction.
   
Bid coverage ratio of the 28-day facility this week is 1.1470, lower than the 1.2602 last Dec. 28 but better than the 0.7548 last Dec. 1.
   
As of end-October 2016, domestic liquidity or M3, which is the total money sloshing in the economy in a certain period, rose 12.8 percent year-on-year to Php 8.9 trillion from a growth of 12.7 in the previous month.

“Demand for credit remains the principal driver of money supply growth,” the central bank said.

M3 peaked at 37.3 percent in January 2014, which was way above the normal growth of higher single digit.

  • Published in Business
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