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Monthly Archives: January 2019

Nissan Philippines to add 8-10 dealerships this year

NISSAN Philippines, Inc. said it is expanding its dealership network in the country this year to continue growing beyond the industry average.

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IBM tells PHL firms to invest in tech-savvy work force

FROM AI to blockchain, conversations on adopting new technologies have been ongoing these past few years, with firms both private and public scrambling to future-proof their systems. But the reality is most firms are nowhere near ready for the future of work.

PHA eyes acquisition of tourism hospitality firms

PREMIERE Horizon Alliance Corp. (PHA) plans to acquire companies engaged in real estate and tourism hospitality in the next two years, while waiting on the development of its resort project in Palawan.

Demand for term deposits drops ahead of BSP’s policy meeting

APPETITE FOR term deposits waned yesterday, driving yields up across the board ahead of the central bank’s rate-setting meeting next Thursday.

Chateau 1771: going where the market is

JUST IN case you missed it, the doors of Chateau 1771 are open again, having moved from Greenbelt to One Bonifacio High Street.

Snapchat weighs what was once unthinkable — permanent snaps

NEW YORK -- Snap Inc. is considering changes to its Snapchat app, known for disappearing photos and videos, that could make users’ public posts longer lasting or even permanent, people familiar with the matter said.

Racaza resigns from Xurpas

XURPAS, Inc. has named Alexander D. Corpuz its new president, replacing Raymond Gerard S. Racaza who resigned from his role as president, chief executive officer and director of the company.

GSIS sees depletion in fund life due to pending bill

THE GOVERNMENT Service Insurance System (GSIS) said its fund life will be depleted by 12 years should the government enact a bill pending in Congress lowering the optional retirement age for government employees to 56 years.

Potential cyber attack could cause $85B-$193B in damage

A COORDINATED global cyber attack, spread through malicious e-mail, could cause economic damages anywhere between $85 billion and $193 billion, a hypothetical scenario developed as a stress test for risk management showed.

What are you doin’ on Chinese New Year’s Eve?

The Peninsula Manila greets the Year of the Pig with a traditional lion and dragon dance at The Lobby of The Peninsula Manila on Feb. 5, 10:30 a.m. to noon.

Accenture ramps up digital transformation

PROFESSIONAL services company Accenture aims to be more aggressive in its transformation to new technologies this year as it completes moving 60% of its business to innovative platforms and processes.

Home Credit gets BSP green light to issue credit cards

NON-BANK FIRM Home Credit Philippines has secured a license from the Bangko Sentral ng Pilipinas (BSP) to offer credit cards to its clients, the first after a new law was passed opening the industry to new players.

Little Caesars returns to PHL

LITTLE CAESARS used to be a comforting sight in the streets of Manila, until as kids grew up, the branches of the pizza chain closed one by one. Now we can chase a little bit of the past with the reopening of Little Caesars in Ermita.

Peak video game? Analyst sees industry slumping in 2019

THE RISE OF video games has turned Fortnite into a social phenomenon, made esports a rival to the NFL for viewers, and grown button-mashing into a bigger money-maker than Hollywood. Now one veteran analyst is calling for the first industry downturn in a quarter century.

More than $125B of really old money awaits Asia heirs

IT’S been a mournful start to 2019 for two of Asia’s richest families.

IC issues guidelines on outsourcing activities

THE INSURANCE Commission (IC) issued new guidelines on outsourcing business activities and processes of insurance companies.
Netflix IG Stories 1

Netflix lets users share titles via Instagram stories

NETFLIX IS now letting users share what they’re watching through Instagram stories via the mobile app.

CPG plans P3-B retail bond issuance

CENTURY Properties Group, Inc. (CPG) plans to raise up to P3 billion from the issuance of retail bonds, it told the stock exchange on Wednesday.

The 2019 version of Nebbiolo Prima

ALBA, ITALY — I am back in historic Alba, Piedmont to attend the 23rd edition of the Nebbiolo Prima, an annual event that previews...
Pag-IBIG Fund

Pag-IBIG Fund posts strong 2018 results

THE HOME Development Mutual Fund (Pag-IBIG Fund) saw sustained financial performance in 2018, as collections and loan takeouts continued to book double-digit growth.

How PSEi member stocks performed — January 30, 2019

Here’s a quick glance at how PSEi stocks fared on Wednesday, January 30, 2019.
E-vehicle charging station

E-vehicle makers eye battery tie-ups with nickel industry

ELECTRIC VEHICLE makers are partnering with nickel miners and processors to explore possible joint development of batteries to help bring down the cost of e-tricycles and e-jeeps.
cigarettes sin tax

DoF pins hopes on tobacco tax passage before Congress break

THE Department of Finance (DoF) on Wednesday said it is still hoping to pass measures raising the excise tax on tobacco and alcohol products before Congress goes on break in early February for the May 13 midterm elections, adding that it will be “re-filing” the other remaining tax reform packages.
MMDA personnel Manila Bay cleanup

DoF launches sewage treatment plant amid Manila Bay cleanup

THE Department of Finance (DoF) said that its office along Roxas Boulevard in Manila has commissioned and launched a P2.8 million state-of-the-art sewage treatment facility, in line with the government’s efforts to rehabilitate the Manila Bay.
drone agriculture Israel

PHL looks to Israeli firms for agriculture technology, investment

THE Philippines is looking to tap Israeli expertise and investment to develop the agriculture sector, the Department of Agriculture said.

Natural gas output expected to decline 7% in 2019

DOMESTIC PRODUCTION and demand for natural gas are expected to decline in 2019 because of the scheduled five-day maintenance of offshore Malampaya gas-to-power platform in October, the Energy department said.
Gloria Macapagal-Arroyo

Arroyo seeking Saudi investment for Mindanao

SPEAKER Gloria Macapagal-Arroyo said she is pushing for six investment projects in Mindanao to be backed by Saudi Arabia.

Long-term measures needed to save tawilis: NGO

ENVIRONMENT protection group Oceana Philippines is urging the Department of Environment and Natural Resources (DENR) and the Bureau of Fisheries and Aquatic Resources (BFAR) to implement a temporary ban on fishing for tawilis in Taal Lake after the species was classified as endangered by the International Union for the Conservation of Nature (IUCN).
rice import

NFA says over half of rice import orders have arrived as of Jan. 29

THE National Food Authority (NFA) said 258,854.80 metric tons (MT) or about 53.77% of the 500,000 MT of rice contracted for import has arrived in the Philippines as of Jan. 29.
sugar SRA

Snack makers back continued regulation of sugar imports

THE Philippine Confectionery Biscuit and Snack Association (PCBSA) said it wants a system in place to continue to regulate sugar import volumes once imports are liberalized.

Indonesia’s Pertamina interested in LNG hub project

INDONESIAN oil and gas producer PT Pertamina (Persero) has expressed interest in setting up a regasification hub in the Philippines worth some $1 billion, according to the Department of Trade and Industry (DTI).

Do VAT-exempt medicines need the BIR’s prescription?

At the start of the year, we often find people determined to come up with New Year’s resolutions. For sure, staying healthy is part of most people’s list. Not surprising, as Filipinos are now health-conscious; health and wellness establishments are everywhere; and most people are trying new diets.
The cannabis industry

The cannabis industry

In March 2018, the United Kingdom was reported to be the largest world producer of “legal” cannabis, otherwise known as “medical” marijuana. This was based on 2017 data with the International Narcotics Control Board (INCB), which is the independent and quasi-judicial control organ for the implementation of the United Nations (UN) drug conventions.
In Honor Of Peddlers

In Honor Of Peddlers

Recently, Chinese-Filipino businessman, Henry Sy, Sr. died. An immigrant from an impoverished family in Jianjiang, a town near Xiamen, China, he started as a shoe peddler and when he died two Saturdays ago at the age of 93, he owned one of the world’s biggest shopping chains and the Philippines’ largest retailing chain. In 2018, he was listed as the richest man in the Philippines by Forbes with a net asset of $18.3 billion.
Does winning a debate matter in the elections?

Does winning a debate matter in the elections?

IN THE USUAL CRUSADE to “know the candidates,” academic consortiums, poll agencies, and media embrace the “debate” as a good forum to gauge the worthiness of an aspirant. This seems to presume that the candidate in such a setting who is best able to communicate his position in particular issues (say, the minimum age for criminal prosecution), and narrate his platform as well as recite his qualifications for office, then the voter is sufficiently informed of his worthiness to win one of the 18,000 positions he or she is running for in the 2019 midterm elections.
11 audience energizers for public speaking

11 audience energizers for public speaking

THOUSANDS of executives across the world strive to get a large audience moving, talking, laughing and learning is like King Sisyphus wanting to roll up a rock onto a hill. It is hard, it is tough and like the proverbial rock, the audience can come tumbling down. Yet, there are many who appear to have been born with the abilities to rouse up audiences and work the room naturally. The truth be told no matter how skilled and natural certain speakers appear, they all drill themselves mad through scores of techniques and tricks to rack up engagement and learning transfer.
Meralco Bolts

Resilient Meralco stops TNT’s 2-game win run

THE Meralco Bolts got back to winning in the PBA Philippine Cup on Wednesday, defeating erstwhile streaking TNT KaTropa, 88-77, in their match at the Cuneta Astrodome in Pasay City.
Scottie Thompson

Kings’ Thompson hopes to do better in stint with nationals

A STAPLE in Team Pilipinas in the last two windows of the FIBA Basketball World Cup Asian Qualifiers, Scottie Thompson is hoping that the lessons he got from his previous stints with the nationals would help him further contribute to the squad in its push to earn a spot in the world basketball spectacle.
Hasan Al Haydos

Asian Cup: Gulf tensions boil over as Qatar ousts UAE

ABU DHABI -- Crowd trouble marred Qatar’s dominant 4-0 win against the United Arab Emirates (UAE) on Tuesday as a bitter political rift between the Gulf neighbors spilled onto the soccer pitch.

Brady body guards key to unlocking Super Bowl win

ATLANTA -- Whether it is heads of state, endangered species or Fort Knox there are few things in this world better protected than New England Patriots quarterback Tom Brady.

Russian, Mexican promoters back Formula 1 rights holders

LONDON -- Russian and Mexican Grand Prix promoters showed support for Formula One (F1) owners Liberty Media on Tuesday after other race organizers expressed concern about how the sport was being run.

Department of Education lauds Chooks-to-Go for promoting nationalism through sports

COUNTRY above self has been the mantra of Chooks-to-Go since entering the local sporting scene back in 2016.

Carlsen wins Tata Masters

World Champion Magnus Carlsen won the Tata Steel Masters tournament for the 7th time (this is a record, Viswanathan Anand is the only other player to have won it for five or more times) with a final score of 9/13 composed of five wins and eigth draws.

No one-man team

The Pelicans could have simply folded yesterday. They certainly had a variety of excuses to do so. They were down by double digits early on the road against the highly regarded Rockets, with a match at home against the equally formidable Nuggets awaiting them on a back-to-back stint. More importantly, they had just come off three days between stops in which the only news they got was the worst possible one: Perennial Most Valuable Player candidate Anthony Davis wants out, and has asked management to explode trade possibilities with a contender. Considering that they were already third to last in the West with him at his finest, the outlook could very easily have demoralized them.