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My son's social life is now part of my social life, as it is with most parents, and I recently took him to an extracurricular class. Another parent was talking about how his new schedule limited time with his own son. I asked why. "I made a career change." "Wonderful! What are you doing now?" "Oh. I became a freelance marketing and PR consultant." "That's great! What do you focus on?" "Different things... [silence]" At that point, I stopped asking questions. I wanted to share that I know founders whose companies need representation, journalists that are looking for new goods and services to cover, and fellow PR people who could give him insight on his journey. But he didn't give me permission to do so. So I stopped. Here's a philosophy that can help your career progress: People want to help you . If I give you advice, I get a boost in my pride. If I give you business, I give you the opportunity to slide some business my way later. If you take my … [Read more...] about Why Most People Network the Wrong Way

ABS-CBN and TV5 joint venture MANILA, Philippines — Following Sagip party list lawmaker Rodante Marcoleta’s privilege speech against the announced merger of TV5 Network Inc. and ABS-CBN Corp., three members of the House of Representatives separately began on Wednesday the process that may result in the revocation of TV5’s franchise. Zamboanga Sibugay Rep. Wilter Palma and Quezon City Rep. David Suarez separately filed House Resolution Nos. 280 and 281, directing the committee on legislative franchises to investigate the alleged foreign ownership of ABC Development Corp., or TV5 Network Inc. The third measure was filed by Talino at Galing ng Pinoy party list Rep. Jose Teves Jr. in HR 282, directing the legislative franchises panel to probe the airing of ABS-CBN programs on TV5. The proposed resolutions were filed after Marcoleta, in a privilege speech on Monday, opposed the merger, purportedly because it violated its franchise, Republic Act No. 2945, which was granted in 1960. … [Read more...] about House starts TV5 probe process

- A + A HONG KONG (Aug 17): China's Tencent Holdings suffered its first ever quarterly sales fall on Wednesday (Aug 17), hurt by a government clampdown on game approvals and playing time as well as Covid-19 lockdowns and a weakening economy that squeezed ad sales. The contraction marks a nadir for the gaming giant and owner of the WeChat messaging platform which has reported double-digit growth almost every quarter since it went public in 2004, as Beijing's crackdown on big tech companies that began in late 2020 puts the brakes on its expansion. Tencent plans to sell all or a bulk of its US$24 billion stake in food delivery firm Meituan to placate domestic regulators, Reuters reported on Tuesday. The company said on Wednesday revenue declined 3% to 134 billion yuan (US$19.78 billion) for the three months ended June 30 from 138.3 billion yuan a year earlier. It has fallen for two straight quarters and analysts were anticipating the decline. "During the second … [Read more...] about China’s Tencent reports first revenue drop as gaming regulations and Covid-19 bite

- A + A MELBOURNE (Aug 17): Santos does not expect the Australian government to curb exports from the country's three east coast liquefied natural gas (LNG) plants, as the owners will find a way to supply enough fuel to the domestic market to avert a forecast shortfall. On Aug 1, the competition watchdog urged the government to consider curbing gas exports under the Australian Domestic Gas Security Mechanism (ADGSM) for the first time, warning that the country faced a gas supply shortfall in 2023. Santos Chief Executive Kevin Gallagher said he expects the three east coast LNG exporters — GLNG run by Santos, QCLNG run by Shell Plc, and APLNG run by ConocoPhillips — to reach a deal with the government to cover the forecast 56 petajoules shortfall from their uncontracted gas volumes. Santos' GLNG plant is seen as the most likely of the three east coast LNG plants to face export curbs, as GLNG takes some gas from the domestic market to help meet its LNG export sales, … [Read more...] about Santos confident Australia will not trigger gas export curbs

Chamath Palihapitiya - A + A NEW YORK (Aug 17): The news came with little fanfare. It was late on a sleepy summer afternoon last week, and few on Wall Street even seemed to notice the pair of filings when they hit the Securities and Exchange Commission's (SEC) website. In terse, boilerplate language, the documents stated that two special-purpose acquisition companies (SPACs) launched by Chamath Palihapitiya needed to push back the deadlines they had set to make acquisitions. Palihapitiya was in no mood to trumpet the news. There were no tweets, no interviews, none of the braggadocio that came with so many of his big SPAC deals, back when the market was the hot new thing in finance, a sure-fire, money-minting machine, and Palihapitiya was its undisputed king. But if those euphoric moments two years ago represented the peak of SPAC frenzy — a phenomenon created out of the same ingredients (unprecedented monetary and fiscal stimulus) that gave us meme stocks and … [Read more...] about US SPAC king goes silent with his empire shrivelling

Organization of Petroleum Exporting Countries secretary-general Haitham Al-Ghais - A + A VIENNA (Aug 17): Global oil markets face a high risk of a supply squeeze this year as demand remains resilient and spare production capacity dwindles, the new head of the Organization of Petroleum Exporting Countries (OPEC) said. Fears over slowing consumption in China and the wider world — which have pushed crude prices 16% lower this month — have been exaggerated, OPEC secretary-general Haitham Al-Ghais said in an interview with Bloomberg Television. At the same time, producers in OPEC and beyond are running out of extra supplies they can bring to market, Al-Ghais said at OPEC's Vienna headquarters. The Kuwaiti oil executive was appointed as the group's top diplomat this month. "We are running on thin ice, if I may use that term, because spare capacity is becoming scarce," Al-Ghais said. "The likelihood of a squeeze is there." International oil prices have retreated to … [Read more...] about OPEC chief sees high risk of oil squeeze amid bullish demand

Norges Bank Investment Management chief executive officer Nicolai Tangen - A + A OSLO/NEW YORK (Aug 17): Norway's US$1.3 trillion (RM5.81 trillion) wealth fund is still positive about the US technology giants, even after the sector led the investor to a record loss. "The US tech companies would typically be amongst our top 10 holdings and we continue to think they're well positioned," Norges Bank Investment Management chief executive officer Nicolai Tangen said in an interview on Bloomberg TV. The size of the holdings reflects their size in the benchmark for the fund, which is limited in how far it can stray from that index of global stocks, he said. The fund lost US$174 billion in the first half of the year, with Meta Platforms Inc, Amazon.com Inc, Apple Inc, and Microsoft Corp the biggest single contributers to the decline, it said. These four are also the biggest single equity holdings of the fund. Technology companies as a whole lost 27.6%, as demand for … [Read more...] about World’s biggest sovereign wealth fund still upbeat about big tech

- A + A KUALA LUMPUR (Aug 17): Malaysia Pacific Corp Bhd (MPCorp) — whose shares will be suspended from trading effective from Friday (Aug 19) — has bagged two subcontracts worth RM44.91 million from Windsor Aims Machinery Sdn Bhd. In a separate filing with Bursa Malaysia, MPCorp said it has inked a memorandum of understanding with Windsor Aims to negotiate for a joint collaboration agreement (JCA) or any other agreements for the implementation of its proposed regularisation plan. The Practice Note 17 (PN17) company told Bursa Malaysia that its wholly owned subsidiary Euronium Construction Sdn Bhd (ECSB) has received two letters of award (LOAs) to undertake the subcontract works. Windsor Aims is principally engaged in trading and renting of machinery and carrying the business of construction contractor and builder for construction and maintenance works. MPCorp said the LOAs of Johor projects represent its effort to revitalise its construction activities and … [Read more...] about MPCorp bags subcontract works two days before share suspension

Meetings get a bad rap. However, their lousy reputations aren’t unwarranted since most people consider meetings a waste of time alongside stoking a lack of motivation and energy-sapping feelings. According to these sentiments, most meetings are terrible, and they’re getting more time-consuming and even less liked. advertisement advertisement If you’re a blatant opponent of meetings, you are not alone. A study by Atlassian found U.S. businesses waste $37 billion in salary costs for unnecessary meetings, and the average person attends a whopping 62 meetings per month. Research by Otter.ai found 70% of employees experienced a 70% increase in meetings when remote work was introduced. Working from home is great, but the downside may be even more meetings. In addition, according to data from LiveCareer , 36% of workers spend 4 to 7 hours per week in meetings, 32% spent 7 to 10 hours per week in meetings, and 39% said their meetings were getting … [Read more...] about Remote meetings have overtaken our calendars. Here are 3 ways to home in on the most necessary ones

ABS-CBN and TV5 joint venture (FILE PHOTO) MANILA, Philippines — Three resolutions seeking an investigation on the merger between media giants ABS-CBN and TV5, along with allegations that TV5 is foreign-owned, have been forwarded to the House of Representatives’ committee on legislative franchises on Wednesday. During the plenary session, House Resolutions (HR) No. 280, 281, and 282 were transmitted to the said committee for possible action. HR No. 280 authored by Zamboanga Sibugay 1st District Rep. Wilter Palma wants the said committee to look at the alleged foreign ownership issues about TV5, hinged on accusations that MediaQuest which is part of the PLDT Beneficial Trust Fund, supposedly owned by businessman Manny Pangilinan, actual belongs to a foreign national. It echoes allegations made by Sagip party-list Rep. Rodante Marcoleta, who said in his privilege speech last Monday that TV5 is owned by an Indonesian national. “There were published reports alleging that ABC … [Read more...] about Solons file resolutions seeking probe on ABS-CBN, TV5 merger