Media company reduces losses despite loss of franchise; now a content creator instead of a media company

Every generation needs a revolution - an entrepreneurial revolution

ABS CBN reduces losses, may go to profitability in medium term

A media company has reduced its losses from P1.42 billion to mere P39 million only in 2q of 2022 mainly due to reduction in expenses, debt.  Its revenues rose from  P4.24B   to P4.83B    Its non operating income rose to P1.04 billion up from P413.3 million 

This is a great display of grit determination and resiliency despite unfriendly political environment, and the pandemic, and perhaps due to able leadership.

It is possible that the company can make profit in the near term.   This performance in spite of its frequency for free TV being taken away by govt regulators due to non renewal of its franchise by Congress. (for having crossed past President during the campaign period)

The company broadcasts thru the streaming internet Ch 5, and A2Z.  Its foreign channel still exists.  

It cant be broken.   The company has determined that its now a content creator, rather than a media company  When you have clearly defined your mission or have readjusted, then it it is easy to amend the processes and focus.  

Congratulations sir Carlo

Challenges to Japanese Economy: stagflation, 30 years recession, high public debt

Every generation needs a revolution - an entrepreneurial revolution

ADB papers on Japan's 30 year recession/stagflation

Japan was poised as the 2nd biggest economy in the world in the 80s to compete with USA in word economic supremacy.  That did not happen

After the real estate bubble burst in 1980, Japan's economy was never the same:

1.  Inflation was high

2.  GDP growth stagnated

3.  Debt as % of GDP was at 260% (one of the highest in the world)

A slight mistake among theiri economic bosses would turn their currency into "Perang Hapon"as we knew the Japanese currency in WW2. 

Couple this with demise of big companies like Sharp, Toshiba, and weakening of car companies Nissan and Mitsubishi

Tis crumbled my admiration for Japan's management system and their supposed superiority in manufacturing and business.  This post discovered their vulnerability.   Beneath their glitzy city and tourist spot, all is not well for Japanese economy

As of December 2022, the Japanese public debt is estimated to be approximately 9.8 trillion US Dollars (1.29 quadrillion yen), or 263% of GDP, and is the highest of any developed nation. 43.3% of this debt is held by the Bank of Japan.  

(It has not beaten US whose public debt stands at $31 trillion)

From Researchgate: debt as % of GDP of nations

Our presence could be a catalyst in the market

Every generation needs a revolution - an entrepreneurial revolution

We were invited to put a business in a major highly populated  city  in an island province, and  we together with the family went there on a BIB2 trip.  We inspected the site.    We concreted the plan to go into the  business -  we lined up the  financing and the strategy to acquire the  land needed for the project.  

However  we soon learned that a competitor asked for the  papers and requested for the  meeting with the  seller.   We bidded low having seen a creek at the middle of the land.

The competitor bought the land at a much higher price including the creek   The 5 year nego before did not move.   And now

Did our presence catalyzed the  closing of the  dormant deal?