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Yearly Archives: 2019



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A cool ride even for old-school drivers

Integrating tough and smart while fusing classic with modern — this is how Nissan Navara distinguishes itself as a dependable pickup among the rest....

Million dollars up for grabs at 10th Lee Kuan Yew Global Business Competition

Calling all startup founders and young innovators: the Singapore Management University is offering a million dollars to the winner of the upcoming Lee Kuan Yew Global Business Competition. Read more here.

AIM and ASSIST to Launch International Disaster Conference in November 2019

The Asian Institute of Management (AIM) and Asia Society for Social Improvement and Sustainable Transformation (ASSIST) are all set to launch this year’s International Disaster Conference (IDC) on 21 November 2019 at The Peninsula Manila, Philippines. To initiate a stream of events for leaders, experts, policy-makers, and practitioners in Asia in the field of disaster and crisis management, this first series of IDC will bring a sharper focus on water.

Olivia Burton has arrived in the Philippines

Olivia Burton and retail specialists Newtrends International Corporation are delighted to announce their launch in the Philippines. Olivia Burton is the British accessories brand built...
banking

Analysts: another RRR cut still possible

MANAGEABLE inflation paired with the still unremarkable loan growth could allow room for another slash in banks’ reserve requirement ratio (RRR) towards yearend, economists said in interviews since last weekend.

IMF sees PHL growth picking up this semester

THE INTERNATIONAL MONETARY FUND (IMF), which on Tuesday slashed its Philippine economic growth projections further to 5.7% for this year and to 6.2% for 2020, nevertheless sees gross domestic product (GDP) expansion picking up this semester on the back of improved government spending, Yongzheng Yang, IMF resident representative to the Philippines, said in an e-mail on Wednesday.
palay rice grains

Gov’t tempers Q3 palay, corn output projections

THE PHILIPPINE Statistics Authority (PSA) has slashed its projections for third-quarter palay and corn production, citing a decline in harvest area particularly for unmilled rice.
PNR

Malolos-Clark rail project tender attracts six companies — DoTr

THE AUCTION for contract packages 4 and 5 of the Malolos-Clark segment (PNR Clark Phase 2) of the North South Commuter Railway (NSCR) Project has attracted five foreign firms and one from the Philippines, the Department of Transportation (DoTr) said on Wednesday.

Watchdog names some of govt’s red tape-burdened agencies

THE Food and Drug Administration (FDA), Land Transportation Franchising and Regulatory Board (LTFRB) and Land Registration Authority (LRA) have been identified as among the most red tape-ridden agencies in the first 100 days of ease of doing business (EoDB) law implementation, a government watchdog said.
Meralco PowerGen Corp. (MGen)

MGen eyes floating solar installation in Laguna Lake

MERALCO POWERGEN Corp. (MGen) is venturing into a floating solar energy installation in Laguna Lake, which its president said is a cheaper option for its renewables subsidiary than land-based solar farms.

TDF yields decline on inflation outlook

YIELDS on term deposits continued to decrease on Wednesday on expectations of slower October inflation and following the International Monetary Fund’s (IMF) downgraded economic growth outlook for the country.

GenCell offers zero-emission cells to replace diesel generation sets

ISRAELI COMPANY GenCell Energy is offering to replace diesel-fired power generation sets with zero-emission technology fuel cells that run on hydrogen and guarantee reliable and long-duration power to offices such as banks, hospitals, and utility substations.

Economists see BoJ easing this month, deeper negative rates

TOKYO — The Bank of Japan (BoJ) is laying the groundwork for deepening negative interest rates, analysts polled by Reuters said, with two-thirds of respondents expecting the central bank to loosen monetary policy this month.

The bier essentials of Oktoberfest

MANY FILIPINOS know, or at least have heard about, Oktoberfest.
SEC logo

SEC issues warning vs investment firms selling piglets

THE COUNTRY’S corporate regulator has traced two illegal investment operators that involve selling piglets for easy-earning schemes.

BPI net income climbs 38.6% in Q3

BANK of the Philippine Islands (BPI) reported higher net earnings in the third quarter supported by growth in its core businesses.

Last tour with Carlos Celdran

WE HAD AGREED to meet for a drink at 4 p.m. at the café at Reina Sofia Museum. It turns out there are two cafés at the modern art museum, and of course I picked the wrong one. Carlos Celdran was waiting at Nu-Bel, the one inside the museum. When we located each other there was just enough time for a coffee before crossing the street to Atocha Station. In Madrid the streets are wide and the sidewalks spacious, so “It’s across the street” entails a 10-minute walk.

Zest-O sales decline 30% on sugar tax

DOMESTIC SALES volume of beverage company Zest-O declined around 30% last year due to the sugar tax on beverages implemented in 2018, Zest-O Chairman Alfredo M. Yao said.

Most Filipinos go online to find ideas for gifts: Facebook study

MAJORITY of Filipino adults (85%) rely on their mobile devices to find gift ideas especially for Christmas, according to Facebook 2019 Holiday Study.
Asia United Bank (AUB)

AUB offers 3-year bonds

ASIA UNITED BANK Corp. (AUB) has started offering three-year peso-denominated bonds, with the lender targeting to raise at least P3 billion from its maiden issuance.

ISCAHM: Leave it to the pros

THE International School for Culinary Arts and Hotel Management (ISCAHM) has been around since 2003, and its gift to itself is the pride it sees in producing students of a certain caliber.

FEU swings to profit in first quarter

FAR EASTERN University, Inc. (FEU) has returned to profitability in the first quarter of its fiscal year, driven by the higher volume of enrollees and revenues from a property sale of one of its subsidiaries.

Sony plans to launch PlayStation 5 for next year’s holiday season

SONY CORP.’S highly anticipated next-generation PlayStation will go on sale in time for the holiday season next year.

Uncertainty to persist along with Fed’s divide

LOS ANGELES — With two weeks to go until their next policy meeting, US central bankers appear unconvinced a partial US-China trade deal is enough to dispel the policy uncertainty that has weighed on economic growth for months.

Apple’s lower prices, users’ aging handsets drive iPhone demand

APPLE Inc. is seeing higher iPhone demand than it expected, thanks to two forces consumers find hard to resist: falling prices and the inevitable aging of older models.

8990 Holdings president passes away

8990 Holdings, Inc. announced on Wednesday the passing of president and chief executive officer Willibaldo J. Uy.

Glorietta’s Food Choices gets a new look

GLORIETTA’S facelifted food court, Food Choices, is changing expectations of what a mall food court should be like.

London retains global finance throne amid Brexit chaos

LONDON — From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2-billion bet that the British capital remains a master of the international financial universe no matter what happens with Brexit.

Dining Out (10/17/19)

A COLLABORATION between the Ortigas Malls and the Philippine Craft Beer Community, Tiendesitas’ Beerfest Manila faring a selection of beers from 50 breweries.

Cebu Pacific to launch direct flights between Puerto Princesa and Hong Kong

BUDGET CARRIER Cebu Pacific on Wednesday said it will launch in November direct flights between Puerto Princesa, Palawan and Hong Kong “to better connect the province to a wider market for tourists through a key international hub.”

Xiaomi launches phone with 64MP camera

XIAOMI Corp. has launched two new smartphone models, the Redmi Note 8 and the Redmi Note 8 Pro in the country, as it aims to boost its overall market share in the Philippines.

How PSEi member stocks performed — October 16, 2019

Here’s a quick glance at how PSEi stocks fared on Wednesday, October 16, 2019.

‘No excuses’ for not completing 2020 budget, Cayetano says

SPEAKER Alan Peter S. Cayetano said Wednesday that the House of Representatives hopes to move forward on the 2020 budget, revenue bills, and other legislation covering the government’s socio-economic programs when Congressional sessions resume in November.
Anflo ecozone and the Davao International Container Terminal

Filipino-Chinese chamber declares support for CITIRA

THE MAIN association of Filipino-Chinese businesses said it expects reduced corporate tax rates to attract more foreign investment and encourage firms to expand their operations, and declared its support for pending legislation that will reduce such rates while rationalizing tax incentives.

Robredo: tech adoption should address poverty

MANY Filipinos remain poor despite being eager adopters of new technology, highlighting the necessity of addressing the needs of the greater population while upgrading competitiveness, Vice-President Maria Leonor G. Robredo said at the Philippine Business Conference at The Manila Hotel Wednesday.

Hog farmers, meat processors at odds over ASF-inspired local shipment bans

THE HOG farming industry is finding itself at odds with meat processors over bans imposed by local government units (LGUs) on the movement of pork products, with animal raisers keen to keep the African Swine Fever (ASF) outbreak confined to Luzon and the processed meat industry eager to avoid lost sales during the peak period over the yearend holidays.

Domestic trade rises 12.3% by value in 2018

DOMESTIC TRADE in 2018 rose 10.2% by volume to 25.78 million tons and 12.3% by value to P859.67 billion, the Philippine Statistics Authority said in its Highlights of Domestic Trade report issued Tuesday.

Think tank calls on gov’t to drop rice tariffication

THE government needs to manage the agriculture sector less for the benefit of big business and more for rural residents, while dropping the Rice Tariffication Act, which has harmed farmers, according to Ibon Foundation, a left-leaning research organization.
coconut levy

PHL to focus on seaweed, coconut exports in ASEAN agriculture deal

THE Philippines signed a memorandum of understanding (MoU) with other members of the Association of Southeast Asian Nations (ASEAN), agreeing to focus on growing its exports of seaweed and coconut products to markets outside the region.

Sustainable business seen generating $82B in economic benefits

THE United Nations Development Programme (UNDP) said it estimates that companies moving to sustainable business models will create 4.4 million new jobs in the Philippines, and economic benefits valued at $82 billion including environmental and social benefits.

Substance over new BIR Form

It’s been more than a year since the effectivity of the Tax Reform for Acceleration and Inclusion (TRAIN) Act, but the effects of its implementation are far from over. Just this year, the Bureau of Internal Revenue (BIR) released the following BIR Forms, labeled as January 2018 versions:

Ateneo recovers in time to beat FEU

THE defending University Athletic Association of the Philippines men’s basketball champions Ateneo Blue Eagles stayed unbeaten in Season 82, coming from behind to down the Far Eastern University Tamaraws, 65-55, in league action on Wednesday at the Mall of Asia Arena.

Nationals clinch 1st World Series

WASHINGTON -- They were one of the worst teams in baseball two months into the season, so of course the Washington Nationals were in no mood to stay patient with a World Series appearance within their grasp.

NLEX Road Warriors hold off Columbian Dyip, 117-111, to improve to 5-1

NEW import but same result for the NLEX Road Warriors as they improved to a 5-1 record in the Philippine Basketball Association Governors’ Cup with a 117-111 victory over the Columbian Dyip on Wednesday at the Ynares Center in Antipolo City.