The Coca-Cola Company announces new Global Vision to help a World Without Waste

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The Coca-Cola Company announced today that it is fundamentally reshaping its approach to packaging, with a global goal to help collect and recycle the equivalent of 100% of its packaging by 2030. 

Company Sets Goal to Help Collect and Recycle a Bottle or Can for Every One it Sells by 2030 

This goal is the centerpiece of the Company’s new packaging vision for a World Without Waste, which the Coca-Cola system intends to back with a multi-year investment that includes ongoing work to make packaging 100% recyclable. This begins with the understanding that food and beverage containers are an important part of people’s modern lives but that there is much more to be done to reduce packaging waste globally. 

“The world has a packaging problem – and, like all companies, we have a responsibility to help solve it,” said James Quincey, President and CEO of The Coca-Cola Company. “Through our World Without Waste vision, we are investing in our planet and our packaging to help make this problem a thing of the past.” 

The Company and its bottling partners are pursuing several key goals: 

• Investing in the planet: By 2030, for every bottle or can the Coca-Cola system sells globally, we aim to help take one back so it has more than one life. The Company is investing its marketing dollars and skills behind this 100% collection goal to help people understand what, how and where to recycle. We will support collection of packaging across the industry, including bottles and cans from other companies. The Coca-Cola system will work with local communities, industry partners, our customers, and consumers to help address issues like packaging litter and marine debris. 

• Investing in packaging: To achieve its collection goal, The Coca-Cola Company is continuing to work toward making all of its packaging 100% recyclable globally. The Company is building better bottles, whether through more recycled content, by developing plant-based resins, or by reducing the amount of plastic in each container. By 2030, the Coca-Cola system also aims to make bottles with an average of 50% recycled content. The goal is to set a new global standard for beverage packaging. Currently, the majority of the Company’s packaging is recyclable.

World Without Waste is the next step in the Company’s ongoing sustainability efforts, building off success in replenishing an estimated 100% of the water it uses in its final beverages. The Company2 

achieved and exceeded its water replenishment goal in 2015, five years ahead of expectations. These efforts are part of the Company’s larger strategy to grow with conscience, by becoming a total beverage company that grows the right way. 

“Bottles and cans shouldn’t harm our planet, and a litter-free world is possible,” Quincey said. “Companies like ours must be leaders. Consumers around the world care about our planet, and they want and expect companies to take action. That’s exactly what we’re going to do, and we invite others to join us on this critical journey.” 

The Coca-Cola Company will work to achieve these goals with the help of several global partners: the Ellen MacArthur Foundation’s New Plastics Economy initiative, The Ocean Conservancy/Trash Free Seas Alliance and World Wildlife Fund (The Cascading Materials Vision and Bioplastic Feedstock Alliance). Coca-Cola will also launch efforts with new partners at the regional and local level and plans to work with its key customers to help motivate consumers to recycle more packaging. 

“We would like to encourage everyone to recycle as part of a circular economy, where plastic, glass, and aluminum are reused or repurposed as many times as possible, rather than being used once and then thrown away. We look forward to working with the industry, local communities, NGOs, government organizations, and even our critics to highlight this critical issue. When we all come together to help solve this problem, collectively we will make a bigger difference than if we simply act alone,” said Winn Everhart, President & General Manager of Coca-Cola Philippines. 

The Coca-Cola System in the Philippines has already started on the journey towards achieving this goal through their active participation with the Philippine Alliance for Recycling and Materials Sustainability (PARMS) – a multi-stakeholder coalition supported by the National Solid Waste Management Commission (NSWMC) and composed of the top corporations in the fast-moving consumer goods (FMCG) sector. Recently, Coca-Cola and other members of PARMS announced their commitment to work with government and non-government organizations in developing a sustainable solid waste management program in the country, starting with its plan to build a state of the art materials recovery and reprocessing facility. 

To learn more, visit Coca-Cola Journey at http://www.coca-colacompany.com/stories/world-without- 

waste.

All is set for the Maharlika Pilipinas Basketball League (MPBL) on ABS-CBN Sports +Action premiere on January 25

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The Maharlika Pilipinas Basketball League (MPBL), a new regional-concept basketball league which is a brainchild of Senator Manny Pacquiao, opens its first season this Thursday, January 25 at the Smart-Araneta Coliseum, Quezon City, and will be shown live on ABS-CBN Sports + Action. 

MPBL gives fresh and undiscovered Filipino basketball talents from local communities and former collegiate and professional players their chance to shine on national TV.

“This will support the youth who are interested in the sports. This will be great help to them. From the grassroots, we are going to discover good players. “Hindi naman kami nakikipag compete sa ibang liga, kundi ito ay ambag, tulong din sa pag-promote ng basketball dito sa Pilipinas. It’s possible that players who shine in the MPBL will eventually get the opportunity to be drafted by other leagues so it could be complementary,” Pacquiao said. 

Arnold Vegafria

Arnold Vegafria, AVL Events International Chairman, happens to be the business manager of Manny Pacquiao and now the overall head of production and marketing of MPBL says, 

"Through Senator Manny Pacquiao's vision, we have a basketball league that truly reaches the grassroots level. Finally, Filipinos from all walks of life who have the talent and passion for the game will be able to show their mettle in the hardcourt. We are thankful for I hope advertisers and basketball fans will support this. This is another platform where Filipinos can find their potential basketball heroes." 

Dino Laurena, Abs-Cbn Sports head expressed his excitement with the entry of the MPBL S+A, which aims to give grassroots athletes and undrafted or untapped basketball players a venue to showcase their skills and continue to pursue their basketball dreams. 

“It was very natural for us to get together because of our shared vision for Philippines sports and our desire to support Filipino athletes in the grassroots level. Serendipitously, we are celebrating the anniversary of the MBA (Metropolitan Basketball Association) this year, which had the same concept and objective,” he said.

All games in the MPBL will feature a home-and-away format similar to the old Metropolitan Basketball Association (MBA). Similar to the MBA, the MPBL features teams that represent a province, city, or municipality in the country and has a home and away format that will give the teams a chance to play in their home court in front of their fans. Currently, the league has 10 teams from Metro Manila and Luzon, and will eventually expand to include teams from Visayas and Mindanao.

This first MPBL season, ten teams will compete in the maiden conference of the league, namely Bataan, Batangas, Bulacan, Caloocan, Imus, Muntinlupa, Navotas, Parañaque, Quezon City, and Valenzuela.

They will compete in a single-round robin elimination round with each team hosting at least two home games in their respective arenas.

Maharlika Pilipinas Basketball League (MPBL) heads during  media  conference, Annabel's Restaurant, January 22.

Commissioner Kenneth Duremdes also said that each team is required to have at least three players that are truly homegrown to the area.

“The advantage of this is really the pride of the players playing for their respective provinces and cities. We also believe that it will be more exciting because of the support of the fans for their teams. In the preseason, we can really see that they are excited as they also want to see their home players succeed,” he adds

“We would like to thank Sports and Action and ABS-CBN for this. There's a lot of talent na mabibigyan ng chance,” Commissioner Duremdes said.

MPBL team coordinator Emmerson Oreta, a former professional player like Duremdes, added that their long-term goal is to have all teams featuring all homegrown players, like their preseason champion, the Bulacan Kuyas.

Helping Duremdes and Oreta in running the league is another former professional and national team player Zaldy Realubit, who heads the operations, and assistant commissioner Satar Macantal, Pacquiao’s childhood friend who played for Pacquiao’s local team and helped him organize basketball leagues in their hometown of General Santos City.

To further encourage fans to watch the opening at the Araneta Coliseum, Vegafria said they will be giving away one car and ten motorbikes on January 25.

Don’t miss the premiere of the Maharlika Pilipinas Basketball League on January 25 live from the SMART Araneta Colisuem on ABS-CBN S+A and S+A HD. 

The Maharlika Pilipinas Basketball League telecast is a production of AVL Events International and ABS-CBN Sports + Action. 

Catch the games every Tuesday, Thursday, and Saturday from 7 pm to 11 pm. Watch online via iwantv.com.ph or skyondemand.com.ph. For news and updates, visit sports.abs-cbn.com or follow @abscbnsports on Facebook and Twitter.

Disney Unveils First Trailer For “The Nutcracker And The Four Realms”

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Watch the first trailer for Walt Disney Pictures‘ new fantasy adventure “The Nutcracker and the Four Realms” which has just been launched at http://youtu.be/2ktuvx9hrMw.

All Clara (Mackenzie Foy) wants is a key – a one-of-a-kind key that will unlock a box that holds a priceless gift from her late mother. A golden thread, presented to her at godfather Drosselmeyer’s (Morgan Freeman) annual holiday party, leads her to the coveted key which promptly disappears into a strange and mysterious parallel world. It’s there that Clara encounters a soldier named Phillip (Jayden Fowora-Knight), a gang of mice and the regents who preside over three Realms: Land of Snowflakes, Land of Flowers and Land of Sweets. Clara and Phillip must brave the ominous Fourth Realm, home to the tyrant Mother Ginger (Helen Mirren), to retrieve Clara’s key and hopefully return harmony to the unstable world.

Starring Keira Knightley as the Sugar Plum Fairy and featuring a special performance by Misty Copeland, Disney’s new holiday feature film “The Nutcracker and the Four Realms” is directed byLasse Hallström and inspired by E.T.A. Hoffmann’s classic tale.

In Philippine cinemas October 31, 2018, “The Nutcracker and the Four Realms” is distributed by The Walt Disney Company (Philippines.)

Morgan Stanley reinforce positive outlook on PH telco play, Globe stock earns ratings upgrade

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A large foreign investment house posted its positive outlook for the Philippine telco sector and Globe Telecom in particular for 2018. Morgan Stanley released its research paper this month, entitled “ASEAN Telcos 2018 Outlook”, comparing Globe with other telco players in the ASEAN region with optimistic results. 

Morgan Stanley noted that:

“Globe has been winning market share from competition in the mobile and broadband segments, which has resulted in Globe outperforming competition by 6% in 2017. Unlike competition, we like that Globe has made efforts to increase its capex to densify the network in preparation for 4G. We recognize the risk of a third player but it will be 2-3 years before a new player is operational. In the meantime, we see Globe’s effort in driving improvements in the network as a positive for growth.”

As a result, Morgan Stanley upgraded the Philippines from its least-preferred market to rank in line with Malaysia and Thailand, at the same time upgrading Globe shares from underweight to overweight. As defined by Morgan Stanley, a stock rating of overweight means that the stock’s total return is expected to exceed the average total return of the Morgan Stanley analyst’s industry (or industry team’s) coverage universe, on a risk-adjusted basis, over the next 12-18 months. Morgan Stanley upgraded Globe on the back of lower depreciation charges, increases in data monetization and improvement in customer growth.

Morgan Stanley said it forecasts Globe Telecom’s data revenues to grow at an 11.5% compounded annual growth rate (2016 to 2019) driven by strong growth in mobile data traffic from a low base, and improved data monetization as a result of lower mobile competition in the market. Also, Morgan Stanley forecasts data revenues to account for 73% of wireless revenues by 2020, up from 54% in 2015.

“The Philippines has historically been categorized as a highly competitive telecom market, despite being a duopoly. However, competition in the mobile space moderated in 2017, but we expect it to rise again in the near future, as operators go after fixed broadband market share and as risk of a third player looms,” the Morgan Stanley report noted.

The research paper also highlighted that Globe has significantly increased capex to improve its network compared to other countries in the ASEAN region. The study indicated that though the capex cycle is an important underlying driver to boost the stock price performance of the company, it can also decrease the return of invested capital (ROIC) and can limit capital distribution. The capex cycle is driven by three key points, namely technology upgrades, network expansions and fixed network investments.

Globe Telecom Named GoCanvas APAC Partner of the Year 2017

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Mobile workflow automation platform GoCanvas has awarded leading telecommunications company Globe Telecom its APAC Partner of the Year award for 2017. 

GoCanvas CEO James Quigley hand-delivers the award to Globe President and CEO Ernest Cu

Globe is a major user of the GoCanvas platform, with multiple use cases covering everything from internal expense and vacation requests, to vehicle repair request and audit checks. With a major project underway to roll out GoCanvas to its entire 7,600 workforce, Globe has become one of the largest GoCanvas clients.

“The Philippines is at the forefront of digital transformation for businesses in the APAC region – Globe Telecom is a key factor in the rapid adoption of smartphones and the automation of workplace processes,” said GoCanvas CEO James Quigley. “We share Globe Telecom’s commitment to green initiatives and look forward to our continuing partnership helping thousands more businesses mobilize their workforce and fuel sustainable innovation.”

“We’re delighted to be named the GoCanvas Partner of the Year,” said Peter Maquera, Globe Senior Vice President for Enterprise Group. “This accolade speaks volumes as our efforts in automating our business processes and the continuous reduction of our ecological footprint proves to be a great success. Aligned to our purpose, we will continue to enable our employees with simpler business processes that will help reduce the impact of our business operations and actively care for the environment.”

As part of the award, GoCanvas will provide its services and expertise free of charge through its Ante-Up Program to several of the charities supported by Globe. The first will be the Hineleban Foundation which aims to revive ecosystems in the Philippines, focusing on reforestation and community work.

About GoCanvas

GoCanvas is a mobile platform that makes it simple for business to automate how work is done, replacing outdated processes and expensive paperwork. The GoCanvas App works on smartphones and tablets, helping companies to easily collect information, share it instantly with others and gain real-time insight of their business operations. GoCanvas can be easily customized by any type of business to empower their workforce, unleashing the value in data across the organization to help them connect better with colleagues and engage more effectively with customers.

GoCanvas is trusted by thousands of businesses throughout 70 countries, automating millions of workplace activities, making it one of the fastest growing mobile platforms in the world. To learn more, visit www.gocanvas.com. 

About Globe

Globe Telecom is a leading full service telecommunications company in the Philippines, serving the needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connections, internet and managed services. Its principals are Ayala Corporation and SingTel who are acknowledged industry leaders in the country and in the region. For more information, visit www.globe.com.ph. Follow us on Twitter: http://twitter.com/talk2Globe and Facebook: http://facebook.com/GlobePH.