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Digital archiving efforts boosted by the pandemic

Digital archiving efforts boosted by the pandemic
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ABS-CBN's franchise can wait, says House Speaker

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THE franchise renewal of ABS-CBN Corp. will have to wait until the next Congress as measures to address the pandemic will be the priority of lawmakers, House Speaker Lord Allan Jay Q. Velasco said on Thursday, days after the President vowed to block the networkâs operations.
âCalls to revive the franchise of ABS-CBN will have to wait until the next Congress,â Mr. Velasco said, as he broke his silence on moves to grant a franchise to the media company after lawmakers last year pulled the plug on its broadcast at the height of the health crisis.
On Monday, President Rodrigo R. Duterte said he would not allow ABS-CBN to operate, even if lawmakers will grant its franchise. ....

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DBP denies writing off ₱1.6B loans to benefit Lopez Group

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Metro Manila (CNN Philippines, January 18) The Development Bank of the Philippines did not give the Lopez Group of Companies a free pass from its soured ₱1.6 billion loans in the early 2000s.
Dumper PTDA Party-list Rep. Claudine Diana Bautista, who asked for the House inquiry, said the write-off cost the Filipino people s money.
However, the state-owned bank denied writing off the unpaid loans of the Lopez family for its current and former subsidiaries Benpres Holdings, Bayan Telecommunications, Maynilad Water, and Central CATV (also known as SkyCable) when it sold these debts in an asset sale in 2006.
DBP President Emmanuel Herbosa said the non-performing debts – or those which are behind amortizations for over 180 days – were sold to Lehman Brothers Asia Limited on October 16, 2006, which comes years after the 1997 Asia Financial Crisis and precedes the Global Financial Crisis from 2007 to 2009. ....

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