Philippine Asian News Today Vol 18 No 18 | Page 28

B4

HEALTH & WELLNESS

PHILIPPINE ASIAN NEWS TODAY September 16 - 30, 2016

JODI STA. MARIA AND “BRIDGES OF LOVE” EARN NODS
FROM 2016 INTERNATIONAL EMMY’S

ABS-CBN Corporation once again
received honors from the International
Emmy® Awards as Kapamilya actress
Jodi Sta. Maria and ABS-CBN teleserye
“Bridges of Love” picked up nominations
at this year’s prestigious competition.
Jodi was recognized for her outstanding performance as Amor Powers in
the 2015 remake of “Pangako Sa ‘Yo” and
is nominated in the Best Performance by
an Actress category against Judi Dench
(United Kingdom), Grazi Massafera (Brazil), and Christiane Paul (Germany).
“Bridges of Love,” meanwhile, will
be competing in the Best Telenovela category alongside telenovelas from Canada
and Brazil. The series shares the tale of
two brothers, Gael (Jericho Rosales) and
Carlos (Paulo Avelino), who were bound
by their promise to each other, separated
by an unfortunate tragedy, and bridged
together by love embodied by only one
woman — the vivacious club dancer Mia
(Maja Salvador).
“Bridges of Love” was the first Filipino series to air in the Latin American
region, particularly in Peru via PanAmericana. It is followed by “Pangako Sa’yo,”
which is currently airing in the said Peruvian TV channel. Aside from Peru, both
series already aired in different countries
in Asia and Africa.

Jodi and “Bridges of Love” are the
only nominees that come from the Philippines among the 40 nominees across ten
categories and 15 countries in this year’s
awards.
Last year, ABS-CBN chief content
officer Charo Santos-Concio was chosen
as the Gala Chair for the 43rd International
Emmy® Awards and opened the gala before the world’s best producers, creatives,
and talents. She is the first Filipino Gala
Chair invited to participate in the prestigious event.
ABS-CBN previously scored International Emmy® Awards nominations for
“Precious Hearts Romances Presents: Impostor” (Best Telenovela) in 2011, “Dahil
May Isang Ikaw” (Best Telenovela) and Sid
Lucero in “Dahil May Isang Ikaw” (Best Actor) in 2010, and “Kahit Isang Saglit” (Best
Telenovela) and Angel Locsin in “Lobo”
(Best Actress) in 2009.
This year’s winners will be announced at a black-tie ceremony on November 21 at the Hilton New York Hotel.
The International Emmy® Awards are given by the International Academy of Television Arts & Sciences.
ABS-CBN’s content is made available across other territories through ABSCBN International Distribution.( www.abscbnpr.com)

Peso still stable at P48. 25:$1
STRONG macroeconomic fundamentals will continue to give the peso the
stability a currency needs, according to
government economic managers, but an
analyst believes monetary authorities will
have to tap its dollar reserves to keep the
currency stable.
On Wednesday, the peso returned to
a seven-year low of P48.25:$1 after gaining some ground on Tuesday at P48.17:$1.
The Philippine currency first hit its weakest
level is seven year on Monday.
The peso is so far the worst performing currency in the region, but the country’s fundamental have not moved one or
another, Bangko Sentral ng Pilipinas (BSP)
Deputy Governor Diwa Guinigundo said.
“It is the same macroeconomic policies that produced a resilient economy in
the last so many years. It is the uncertainty, the negative market sentiments that is
bringing the peso down,” he said at the
Stratbase-ADR Institute (ADRi) for Strategic and International Studies forum on
Wednesday.
“But you need to understand that
this does not indicate that foreigners have
already left the Philippine markets. We
have to look at another indicator—the interim peso deposits,” he said.
Guinigundo said interim peso deposits are where new investments are brought
in or those liquidations coming from government securities and the stock market.
“The situation today is that the interim peso deposit has not broadly changed.
It’s still at more than P200 billion, representing liquidations from the stock market and the government securities market,” he said.
The BSP official noted the peso is

still relatively stronger than the P55:$1 level in 2005 when the government declared
a deficit crisis.
“While the peso has moderately
depreciated in nominal terms in recent
weeks, the peso in real terms is still very
strong, which deters competitiveness,”
Chua said.
“This means that the depreciation in
recent weeks is welcomed as it will help
improve export competitiveness and value
of remittances, which benefits around 40
percent of the economy,” he added.
Another finance undersecretary, Gil
Beltran, said the peso is seeking its appropriatevalue after appreciating significantly
in previous years.
“The GIR (gross international reserves) at $85.6 billion, which is equivalent to 10.5 months of imports, is higher
relative to Asean (Association of Southeast
Asian Nations) and should not be a cause
for alarm,” Beltran said.
“In times of excessive peso appreciation (2012), Tetango held the deluge of
foreign funds to help defend the 40 handle.
Throughout the last few years we’ve witnessed the same narrative of BSP defending on both the top side and the bottom
to build on GIR in good times and to flood
the market with foreign exchange liquidity
to calmdepreciation swoons,” he said.
Tetangco’s virtue of building the
defenses early on will pay dividends
now that winter is here, Mapa noted.
“Expect Tetangco to resort to heavy foreign exchange presence in the next few
weeks to keep the peso from straying too
far from the proverbial middle of the regional pack,” he said. (M. Carballo, MS)

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