Skip to main content

081322 - Los Angeles Weekend Edition

Page 1

AUGUST 13-16, 2022 Volume 32 - No. 64 • 2 Sections – 18 Pages

DATELINE

USA

FROM THE AJPRESS NEWS TEAM ACROSS AMERICA

NaFFAA leaders receive int’l recognition in Geneva for piloting ‘FilAmAlerts’ program WASHINGTON, D.C. — To address the growing impact of natural and manmade disasters exacerbated by the effects of climate change, the National Federation of Filipino American Associations (NaFFAA) has piloted a program to coordinate Filipino diaspora groups across the United States. The program, FilAm Alerts, is an effort to streamline and efficiently coordinate resources and relief programs for the benefit of the Philippines. The FilAm Alerts Program was unveiled at the annual Humanitarian Networks and Partnerships Week (HNPW) in Geneva, Switzerland, held May 16-20, together with the Framework for Diaspora Engagement in Humanitarian Assistance, launched by NaFFAA’s parent partner, the International Organization for Migration (IOM). The program and Framework received recognition from the international humanitarian  PAGE A3

LA looks to land banking to lower construction costs for affordable housing LOS Angeles County is getting ready to launch a project that could lower existing barriers to building much-needed affordable housing in the region. The model, already in use in other cities, would allow the county to purchase and hold land, keeping it out of the speculative market while housing is built. Initially conceived as part of the recently approved L.A. River Master Plan, County officials say they eventually intend to take the land banking concept countywide. “Land prices can become a huge obstacle in these affordable housing projects,” said Tensho Takimori, partner at the architectural firm Gehry Partners LLP, which worked with LA County on the design of the L.A. River Master Plan. Takimori explained that the cost of holding land and paying property taxes while a project comes to fruition often makes it cost prohibitive for many affordable housing developers. With land banking, LA County or a nonprofit  PAGE A3

LA County moves out of high COVID-19 level by AJPRESS OVER the past week, Los Angeles County’s COVID-19 metrics improved enough to move the county back to the medium level. The level is based on the Centers for Disease Control and Prevention (CDC) COVID-19 framework. While Public Health is greatly encouraged by the decline in cases, hospital admissions and deaths, because viral transmission remains high, there are still thousands of new people each day

who are infected and capable of infecting others. The high rate of transmission continues to be driven by the Omicron variant, which accounts for 100% of sequenced specimens. The highly infectious BA.5 subvariant of Omicron continues to be, by far, the most predominant subvariant. In the week ending July 23, BA.5 comprised 80% of all sequenced county specimens. With only slight increases in the percentage of BA.5 specimens recently sequenced, it is possible that we may be experiencing a saturation of our population with this subvariant. While we are carefully tracking other subvariants of interest

(including BA.2.75 and BA.4.6), we have no indication at the moment of any new variant hat is spreading, according to Public Health. The 7-day average case count has fallen to 3,660 cases today, a 22% decrease from 4,719 cases a week prior. The 7-day average test positivity rate this past week is 11.1%, a decrease from 12.5% one week ago. Over the last seven days, the average number of COVID-positive patients per day in LA County hospitals was 1,112, a decline of 9% from one week ago when the 7-day average number of  PAGE A2

ABS-CBN returning to free TV broadcast by ELIJAH

FELICE ROSALES Philstar.com

SCHOOL GEAR. Vendor Lily Dimalta (right) helps a girl put on a school bag she has chosen for the coming school year at a stall inside the Zabarte Town Center, Zabarte Road, Camarin, Caloocan City on Friday, Aug. 12. The price of bags ranges from PHP250 to PHP650 depending on the size and quality. PNA photo by Ben Briones

MANILA — Broadcast giant ABS-CBN Corp. has found its way back to free TV by signing a landmark deal with Manny V. Pangilinan-led TV5 Network Inc. in a P4-billion transaction seen to hurdle legal challenges. ABS-CBN on Thursday, August 11 informed the the Philippine Stock Exchange that it entered into an investment agreement for the purchase of 6.46 million primary common shares representing 34.99 percent of the voting and outstanding capital stock of TV5 worth P2.16 billion. The National Telecommunications Commission said it would scrutinize the deal. “The NTC is monitoring the developments in the proposed joint venture between TV5 and ABS-CBN,” Commissioner Gamaliel Cordoba said in a text message to The STAR. In the process, TV5’s parent MediaQuest Holdings Inc. maintains its controlling stake in TV5, but its share in the firm narrows to 64.79 percent of its capital stock. Likewise, ABS-CBN will spend another P1.84 billion on a convertible note to be issued by TV5. The  PAGE A4

No more ‘more fun in the Philippines’? DOT wants new slogan for rebrand by ROSETTE

ADEL

Philstar.com

MANILA — The country’s long-time tourism slogan “it’s more fun in the Philippines” will be replaced in the near future. Tourism Secretary Christina Frasco bared this on Wednesday, August 10 and said that the Department of Tourism is eyeing to replace the decade-old slogan with a new one that is anchored on making the Filipino brand “distinct.” This was revealed weeks after President Ferdinand Marcos Jr, in his first State of the Nation Address, mentioned his vision of enhancing the Filipino brand in tourism,

saying it would spark our “sense of pride and reaffirm our strong sense of identity. “They say, each brand has a story. As for the Filipino brand, ours is deeply rooted in our rich cultural heritage and the tourism sector plays an invaluable role in the promotion of the Filipino brand,” the president said in his SONA. “It is time to welcome the rest of the world with an enhanced Filipino brand that is unique, attractive, and creative,” he added. Frasco said the agency is brewing ideas In the latest iteration of its list, the Sy siblings of SM fame topped Forbes’ wealthiest by raking for a brand campaign change that will abide in $12.6 billion but saw their net worth drop by $4 billion. by the current administration’s vision of revitalizing the “Filipino brand.”  PAGE A2

Sys of SM retain wealthiest PH immersion program for young Fil-Am leaders returns title in Forbes’ 2022 list AN immersion program in the Philippines for nextgeneration Filipino American leaders announced its return after a two-year hiatus from the pandemic. The Filipino Young Leaders Program (FYLPRO) — has selected 10 to 15 high performing next-generation leaders who advance the Philippines and the Filipino people through their advocacy and expertise in various industries every year to travel to the Philippines — is now taking applications for its program scheduled for November. FYLPRO was established in

2012 by Former Ambassador of the Republic of the Philippines to the United States of America, Jose L. Cuisia, Jr. and Mrs. Victoria J. Cuisia in cooperation with the Ayala Foundation Inc. (AFI) to annually identify outstanding young professionals in the Filipino communities across the United States and provide the delegates with invaluable community, business, and government insights and access to distinguished network captains of industry and government. The organization recently celebrated its 10th anniversary

"Reunite and Reconnect" weekend took place on July 21 to July 24, 2022 in Washington D.C. The celebration was coordinated by FYLPRO board members Joyce King, Jessica Velasco and Sabrina Sayoc. The anniversary celebration kicked off with a mixer on Thursday July 21. On Friday, July 22, alumni and members participated in a Capitol tour in the morning and ended the evening with a formal presentation and dinner at the Philippine Embassy. The evening program included special guests Chargé d’Affaires a.i. Jaime Ramon

T. Ascalon, Jr., Embassy, Vice Consul Mark Dominic E. Lim, Embassy Consul General Iric C. Arribas, and Nancy Hsiung from the Booz Allen Foundation. “I had the privilege of witnessing how FYLPRO evolved from the time of its launching to when its members started addressing existential questions and challenges such as whether or not it should apply for 501(c)3 organization status or encouraging active participation among the alumni,” said Chargé d’Affaires a.i. Jaime Ramon T. Ascalon, Jr. “And here you are now, a 501(c)3  PAGE A2

by RAMON

ROYANDOYAN Philstar.com

MANILA — The Forbes' list of the Philippines' wealthiest featured the same names as the annual ranking saw minimal movement ranking this year despite some declining net worths. In the latest iteration of its list, the Sy siblings of SM fame topped Forbes' wealthiest by raking in $12.6 billion but saw their net worth drop by $4 billion. SM Investments Corp., reported its unaudited net income in the first half of 2022 rose 28.39% year-on-year to P35.4 billion.

Property mogul Manuel Villar trailed behind the Sys, garnering a $7.8 billion wealth. Forbes said Villar is this year’s biggest dollar gainer. Landing in third was Enrique Razon Jr. and his logistics empire despite a slightly down net worth of $5.6 billion. Net worth was computed by Forbes’ based on stock prices and exchange rates as of July 22. Forbes noted that the minimum net worth that made their list was $185 million, slightly declining from the $200 million recorded last year. Rounding out the top were  PAGE A3


Turn static files into dynamic content formats.

Create a flipbook
081322 - Los Angeles Weekend Edition by Asian Journal Community Newspapers - Issuu