Economists warn of impact of ABS-CBN franchise denial on economy, investors

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MANILA - Several economists warned on Monday that lawmakers’ decision to deny ABS-CBN a new broadcast franchise will have a negative impact on the economy and on investor confidence.

Toby Monsod, an economics professor at the University of the Philippines said ABS-CBN was part of a supply chain in the creative industry, and the media giant also indirectly supported other businesses.

“Just as any new business has positive multiplier effects, when you cut business, you can have negative multiplier effects,” she added. "It is unfortunate that our leaders would disenfranchise ABS-CBN. This would contribute to negative sentiment of local and foreign investors,” Abola said. “When you have regulation affected by factors na walang basis, anybody in the economy will be worried. They should be scared. How should we proceed in the economy, if the powers that be can stop companies and livelihoods in this manner?” Monsod said.

 

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Ay gali? Amu gali na? Hala ay.... vaharadlucan gid gali camu? Mayad lang cerado na camu. Tulog sa mamuok.

shiereyes Bye ABS 😂🖕🏻

ABS CBN ibalik nyo or i-refund nyo yong pera ng mamayang Pilipino na kinuha ninyo dahil don sa TV PLUS BLOCK BOX,illegal yong pag-ere ninyo dahil wala pang approval yon galing sa NTC,nku!!!!malaking kaso at penalty yong kakaharapin po ninyo talaga nyan,nakakahiya po yan

Hayy kung may mag invest pa na malalaking companies sa pinas. Mahirap kalabanin ang gobyerno nato kapag salungat ka sa kanila madali lang nila ipapasara agad. Ang kinakatakot ko baka di naten alam nakasanla na Pinas sa china dhil wla ng perat sla na lang un ng iinvest.(facepalm)

And their priority is still the communist. The left, eh kung isama na din nya ang right?!?

tulong tay digong sigaw ng mga miembro ng kulto tanga at uto uto na taga ABS CBN..

Magready na mga mahilig sa junkfood! Magkakatax na fishballs nyo! Ok lang yan, hindi kayo affected diba?!?! Sa susunod pati paghinga nyo magkakatax na!

We already felt the impact of not paying the correct taxes. Who's to blame? Management

Ito Ang Hindi nila nakikita at nilalang Lang nila Ang 11+ employee's. So paano Ang business ng mga Tao na nasa paligid ng ABS CBN? I'm sure magsasara din dahil wala ng bibili dagdag jobless din ang mga waiter/waitress doon.Tapos magkakaroon ng doubt yong MGA investor mag invest

Sa 2022 'mag move on' kami...pag nag 'Move Out' na kayo lahat after election sa congress, sa palasyo, at sa supreme court. You just unified the peoples vote against your tyranny. Paano mag move on yung 11k na emplayado nawalan ng trabaho aber? 7million jobless na wala kayong awa

Do you think the masses care?

It will impact the unemployment. Mawawalan ng investors...Remember on Halalan 2022.

I stan with the people who will ve affected by this :( To all of the 11000+ Employees, I'm sorry. We will make it better on 2022.

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Big majority of Filipinos think Congress should grant ABS-CBN a franchiseThe Social Weather Stations survey also says that majority of Filipinos also agree that denying ABS-CBN a franchise is a 'major blow to press freedom.' 'Kaya naba ng Pilipino na marinig ang katotohanan na hindi napipikon?' -Apolinario Mabini Si OGIE nagsalita sa nakaraang hearing ng ABSCBN. Kinatawanan niya ang OPM. Sila DARYL ONG, BUGOY AT MYMP ay parte ng OPM. Sila ay sinipa palabas ng ABSCBN dahil sila ay nagexeecise lamang ng freedom of speech. Sa talumpati ni Ogie sa hearing, di niya binanggit ang 3 musikero. Sila DARYL ONG, BUGOY DRILON, AT MYMP dating 'kapamilya' din sila. Pero anong ginawa ng ABSCBN'kapamilya' nila? Sinipa sila palabas ng bahay dahil lang sa nag exercise sila ng freedom of speech! Hindi ba nila naisip magiging epekto ng ginawa nila sa 3 pobre? Tama ba ginawa nila?
Source: rapplerdotcom - 🏆 4. / 86 Read more »

READ: Manila Archdiocese Administrator Broderick Pabillo laments ABS-CBN franchise denialartemiox Fan kasi siya ni Vice Ganda The decision not to grant franchise is counter productive to the 70plus congressmen & the palace dream to total grip on power. It only solidified freedom loving Filipinos & those general audience of Kapamilyas resolve. The guaranteed replacement & overhaul of politicians in 2022.
Source: ABSCBNNews - 🏆 5. / 83 Read more »

75% of Filipinos says ABS-CBN must get another franchise – SWSSeventy-five percent of Filipinos agree that Congress must grant media broadcasting company ABS-CBN another 25-year franchise. | CMarquezINQ CMarquezINQ May pagkukulang ang ABS CBN, pero bakit ipinasara? Ang Gobyerno natin ang dami ding pagkukulang pinasara ba? 🤔 CMarquezINQ Eh anong pinagsasabi nung nasa podium na boses ng Filipino ang pagpapasara? Hindi ba boses lang yun nung mga hindi nakarinig ng maayos sa hearing? CMarquezINQ And the game starts now. Hoy anung 70% baka empleyado lang lahat ng network yan hahaha. Marami ang nasiyahan s pag deny ng franchise nila dahil s mga batas n nilabag. Gising n ang mga tao. Hwag nyo n sibukang mag brainwash.
Source: inquirerdotnet - 🏆 3. / 86 Read more »

'A warning to the press': Media groups kinondena ang 'pagpatay' sa ABS-CBN franchiseHello covid! Welcome to death Kapamily. Juskooo! Mag mask kayo and social distance kayo mga bobo! Kala nyo naman pag nag rally kayo jan ma aaprove franchise renewal ng abs! There is a proper way to do it! Tapos pag nagka covid kayong lahat, kasalanan ng gobyerno! Hayss pinoy talaga, okey lang bobo wag lamg matigas ulo! May hangganan ang pagmamalabis
Source: ABSCBNNews - 🏆 5. / 83 Read more »

ABS-CBN can appeal franchise denial: solonSIMULAN NA TO PEOPLE! DAPAT NA TONG SIMULAN PEOPLE's INITIATIVE. Even if you appeal at the end of the line di rin yan pipirmahan ni DuterteVirus!
Source: ANCALERTS - 🏆 26. / 50 Read more »

Calida hails House for doing ‘job well’ on ABS-CBN franchise bidHailing the House committee that voted to kill the franchise application of ABS-CBN, Solicitor General Jose Calida paraphrased the opening line of one of Frank Sinatra’s most popular songs, telling the network: “And now, the end has come.” His dad risked his life against Marcos, his son becomes “The Orchestraitor” for a Marcos replica.... alanpcayetano piacayetano linocayetano renrencc Sana ikakinis ng mukha mo pagkakasara ng Abs-Cbn ano? ‼🙄
Source: inquirerdotnet - 🏆 3. / 86 Read more »