Home 2018 October 4

Daily Archives: October 4, 2018 | 12:07 am

Razon-led firm assures power distribution capability for Iloilo

ILOILO CITY — MORE Minerals Corp., a subsidiary of tycoon Enrique K. Razon Jr.’s Monte Oro Resources and Energy, Inc. (MORE), assured it is capable of providing power distribution services as it seeks a congressional franchise for Iloilo City.
Tencent TME booth

Tencent’s online music unit files for US listing

TENCENT MUSIC Entertainment Group on Tuesday formally filed with regulators to list in the United States, under the symbol “TME” in what could be the biggest US Initial Public Offering (IPO) by a Chinese company.
Alfonso G. Cusi

Cusi defends CEPNS given to Atimonan coal power plant

THE Department of Energy (DoE) has defended its move to certify the 1,200-megawatt (MW) coal-fired power plant in Atimonan, Quezon as nationally significant, saying the long-delayed project is needed to meet a critical point in the coming years when power supply will be deficient and critical.

Cebu Pacific eyes Zamboanga-Sandakan route

DAVAO CITY — Cebu Pacific is looking at flights between Zamboanga City in Mindanao and Sandakan in Sabah among the new routes that will be served by the new aircraft that will be delivered beginning November.
US companies technology

US tech sector getting by on Wall St. after losing two high-profile stocks

SAN FRANCISCO -- The technology sector appears to be doing just fine on Wall Street a week after it lost two of its highest-profile components to a newly christened communication services group.

Work on LRT Cavite extension to start by Q1

LIGHT RAIL Manila Corp. (LRMC) expects to start construction of the Light Rail Transit Line 1 (LRT-1) Cavite extension in the first quarter of next year.

Not just organic, but vegan too

A BOTTLE of wine holds within its confines time and space, for a wine maker has distilled into a liquid the soil, the sunshine, and the care that went into making it. An Australian wine maker is proud to say that he has done that, all while embracing nature and minimizing Man’s touch.

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Mizuho seeks Google hopefuls in technology push

ONE OF Japan’s biggest banks is throwing away the cookie cutter when it comes to hiring fresh graduates.

San Miguel plans power plants’ transition to biomass technology

SAN MIGUEL Corp. (SMC) said on Wednesday that it was planning to replace coal with rice husks to fuel its circulating fluidized bed (CFB) power plants to boost the income of farmers while the conglomerate moves towards renewable and sustainable energy generation.

Sharp makes long-awaited venture into OLED, wary of spending, rapid growth

TOKYO -- Japan’s Sharp Corp. unveiled its long-awaited move into the Organic Light-Emitting Diode (OLED) market on Wednesday as the Apple Inc. supplier looks to catch rival Samsung Electronics Co. Ltd.

Wine Made Easy: Nine cheap Pinot Grigios actually worth drinking

HERE’S a sad truth. Most pinot grigio is so watery, bland, and just plain dull that wine snobs scorn it and sommeliers at top restaurants won’t list it. Asking for “just a glass of pinot grigio” has almost become an admission that you don’t pay attention to what you swallow.

Demand for term deposits surges

BANKS scrambled to get hold of term deposits offered by the Bangko Sentral ng Pilipinas (BSP) yesterday, with the auction marked by overwhelming bids as the central bank accepted higher yields following a strong rate hike last week.

DoubleDragon ‘unaffected’ by rising interest rates

DOUBLEDRAGON Properties Corp. on Wednesday said it is “generally unaffected” by rising interest rates and weakening peso, as the company’s borrowings are all peso-denominated and have fixed rates.

Ripple signs up payments firms for crypto-based platform xRapid

NEW YORK -- Three companies that provide cross-border payment services plan to use technology developed by startup Ripple that employs cryptocurrency XRP to speed transactions, the firms said on Monday.

Rare $1.2-M bottle of Macallan to lead Bonham’s auction

A BOTTLE of rare 60-year-old Macallan could fetch a record price at a Bonhams Edinburgh auction on Wednesday (Thursday in Manila) as buyers show an unslakable thirst for limited-edition scotch whiskies.

Facebook’s foray into dating looks like no match for Match

MATCH INVESTORS appear to have gotten over their Facebook fears.

Federal Reserve chief sees muted inflation risk in ‘extraordinary economy’

FEDERAL RESERVE Chairman Jerome Powell welcomed recent increases in Americans’ wages while expressing confidence that low unemployment won’t spur a takeoff in prices that would force him to hike interest rates aggressively.

Nordic countries tout initiatives toward sustainable energy, clean technology

EMBASSY officials from the Nordic region hosted a luncheon on Wednesday to highlight their nations’ initiatives toward sustainable energy through clean technology innovation while promoting their companies’ solutions for the Philippine setting.

Getting to know the nebbiolo grape

I AM OFTEN asked what my favorite grape varietal is, and while cabernet sauvignon is indeed one of my true loves, I however like cabernet sauvignon more in the context of medoc — so it is more as a dominant varietal in a Bordeaux blend, rather than a single varietal, so my answer is nebbiolo.

How PSEi member stocks performed — October 3, 2018

Here’s a quick glance at how PSEi stocks fared on Wednesday, October 3, 2018.