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Daily Archives: May 6, 2019 | 1:01 am

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28 Abu Sayyaf surrender since January

ANOTHER MEMBER of the Abu Sayyaf Group surrendered to the Western Mindanao Command (WestMinCom) in Sulu last May 1, bringing the total to 28 since intensified military operations after the Jan. 27 bombing of a Catholic church in the island province’s capital.

Why those satisfied with the administration should vote opposition?

I address this piece mainly to the 81% of Filipinos who are satisfied with the general performance of the current administration. (See the first quarter 2019 Social Weather Stations or SWS survey, which says that the net satisfaction rating of the national administration is a record-high score of +72, broken down into 81% of Filipinos satisfied, 9% unsatisfied, and 10% neither satisfied nor dissatisfied.)

MORE smart cities… with sufficient water

Metro Manila is expanding fast with 13+ million residents, plus an estimated 2+ million from surrounding provinces going to the big city for work,...

This human settlements thing

Just for nostalgia: what was done on May 1, Labor Day, in Martial Law? From the National Library archives, “The President’s Week in Review: April 27 – May 3, 1981,” President Ferdinand Marcos in his Labor Day speech said he “will ask the Batasang Pambansa for early approval of a bill restoring the right of workers to strike.” (officialgazette.gov.ph/1981/05/04). Marcos had just “lifted” martial law in January, and was unraveling what had gone on for nine years as what he called a “benevolent dictatorship.”

On credit ratings upgrade and power shortage risk

The Foundation for Economic Freedom just released a statement on the recent credit upgrade, congratulating President Duterte and his Economic Team on a job well done.

Neglect can be benign

EVEN as PR advice to what is seen by a client as a burning issue of crisis proportions, the admonition to “do nothing” is received with grave skepticism -- what are we paying you for? And yet, leaving things alone can prevent a crisis which too much attention will actually create.
UST Golden Tigresses

UST back in the finals

THE University of Santo Tomas Golden Tigresses are back in the finals of women’s volleyball in the University Athletic Association of the Philippines after eight years following their hard-earned disposal of defending champions De La Salle Lady Spikers in five sets on Sunday in their Final Four joust at the Mall of Asia Arena.
James Harden

Rockets survive Warriors in OT

LOS ANGELES -- James Harden followed a contested 3-pointer against the shot clock with a challenged floater in the lane, and the Houston Rockets claimed Game 3 of the Western Conference semifinal series with a 126-121 overtime victory over the visiting Golden State Warriors on Sunday.
Jerwin Ancajas

Jerwin Ancajas in dominant TKO win over Funai

INTERNATIONAL Boxing Federation super flyweight champion Jerwin “Pretty Boy” Ancajas retained his title on Sunday (Manila time) after his technical knockout win in the seventh round over Japanese challenger Ryuichi Funai at the Stockton Arena in California.
Magnolia Hotshots Pambansang Manok

Magnolia ahead anew of San Miguel in series, 2-1

THE Magnolia Hotshots Pambansang Manok are back in the driver’s seat of their best-of-seven PBA Philippine Cup Finals series after beating the defending champions San Miguel Beermen, 86-82, in Game Three on Sunday at the Smart Araneta Coliseum.
officials Max’s Group, Inc.

Homegrown Max’s Group steps up commitment to Philippine sports

WHILE it is no longer a stranger in dipping its hands in supporting Philippine sports, Max’s Group, Inc. (MGI) has stepped up its involvement, affirming its “end to end” commitment to help the country’s Olympic dreams realized.
Malik Beasley

Trail Blazers and Nuggets back at it after marathon Game 3

LOS ANGELES -- The Portland Trail Blazers and visiting Denver Nuggets head into Monday’s Game 4 of the Western Conference semifinals in the same boat.
Philippine Premier League (PPL) logo

Run of local club association Philippine Premier League abruptly ends

THE rebranded local club association Philippine Premier League proved to be a short-lived one after the Philippine Football Federation at the weekend decided to cut ties to it that effectively ended the league’s run after just one match day being played.

Coaches in MPBL

Former PBA coaches Jong Uichico, Bong Ramos and Chris Gavina are now going to bring their rich experience calling the shots for their respective teams in the Maharlika Pilipinas Basketball League beginning June 12, the league’s third season.

Battle of attrition

That Game Three of the Blazers-Nuggets semifinal-round series came to within a free throw of forcing a league-record fifth overtime underscored the resolve of the protagonists. It wasn’t just that they wanted to win; more tellingly, it was that they refused to lose. To a man, they toiled as if there were no other games left to negotiate in the postseason. Even the coaches hung tough; hardly any substitutions outside of last-shot settings -- or, in the case of the most impactful one, of an unavoidable circumstance -- were made. The players that forced extended action after extended action were going to decide the outcome.

AEV bonds secure top rating

ABOITIZ Equity Ventures, Inc. (AEV) secured the highest rating for its planned issuance of P5 billion in fixed rate retail bonds, according to local debt watcher Philippine Rating Services Corp. (PhilRatings).
Robinsons Department Store

Robinsons allots P5B for capex

ROBINSONS Retail Holdings, Inc. (RRHI) plans to spend up to P5 billion in capital expenditures (capex) this year for the establishment of up to 150 new stores.

Expansion plans prompt investors to snap up AC stocks

AYALA CORP. (AC) was the sixth most actively traded stock in the Philippine Stock Exchange last week with analysts attributing the movement to the disclosure of the company’s expansion plans.

Zamora partners with Chinese firm for WiFi, digital TV

BUSINESSMAN Salvador B. Zamora II, who chairs listed Philippine Telegraph and Telephone Corp. (PT&T), signed a memorandum of understanding (MoU) with Chinese firm CITIC Networks Co. Ltd. to offer WiFi internet access, digital television and satellite network services in the Philippines.
Discovery Palawan 1

All aboard!

Text and photos by Carmela Inez V. Joaquin FOLKS who are seriously into underwater adventure can explore top dive sites with the help of Discovery...
PGA Cars 1

Shell Eco-marathon Asia shows way to energy future

SEPANG, MALAYSIA -- It was a gallant stand, but the 11-member contingent from the Philippines ultimately fell short of their goal to gain podium places at the 10th Shell Eco-marathon (SEM) Asia.
PGA Cars 1

PGA Cars opens Porsche, Audi, Lamborghini, Bentley showrooms in BGC

PGA CARS, the exclusive importer and distributor of Porsche, Audi, Lamborghini, and Bentley, recently opened a four-brand showroom located at the heart of the bustling upscale metropolis of Bonifacio Global City (BGC) in Taguig. This gallery of luxury and ultra-luxury automobiles reflects each brand’s global corporate identity, taking inspiration from their respective company’s rich history.
ukay-ukay 1

Can ukay-ukay save the planet?

EVERY outfit tells a story, but are you sure you’re telling the right one? In the years to come, will your choices today place you on the right side of history? The choice you made will still be evident years from now, when that shirt you bought on impulse will still sit in a landfill, intact when you won’t be. A movement called FashionRevolution, starting in the UK and finding roots in the Philippines, rises from the simple question, “Who made my clothes?”

Limketkai, 72, leaves legacy of his visions in Cagayan de Oro

CAGAYAN DE ORO City tycoon Lorenzo U. Limketkai passed away at age 72 and he will be laid to rest Monday, May 6, in his hometown.

Yields on T-bills likely to decline

RATES OF Treasury bills (T-bill) on offer today are expected to decline across all tenors, as market participants price in the recent sovereign debt rating upgrade of the Philippines and gear up for the slew of domestic data to be released this week.

Palay prices remain under pressure in mid-April

THE farmgate price of palay, or unmilled rice, continued to decline during the middle weeks of April, with domestic prices still under pressure amid expectations of more liberal imports of cheap rice, even as the government concentrates all its procurement efforts on domestic rice.
Toyota Fortuner TRD Sportivo 1

BWORLD TEST: Toyota Fortuner TRD Sportivo

THIS MUCH is obvious: midsize 7-seat SUVs have become today’s family car. Aside from a seating configuration that allows the entire caboodle to hit the mall in style, they’re tall (read: flood-proof), durable, and most importantly, powered by a thrifty diesel engine.
Resty Lagare 1

Designer Resty Lagare returns to Butuan

A NUMBER of Filipino fashion designers have made it big beyond the country’s shores: among the best known are Michael Cinco, Francis Libiran, Rocky...

PhilRealty profit jumps 48% in 2018

PHILIPPINE Realty & Holdings Corp. reported its net income grew by 48% in 2018, on strong sales of its projects in Quezon City and Bonifacio Global City, as well as higher valuation of its assets.

Climate change leads US fund managers to adjust investments in agriculture

NEW YORK -- After historic floods devastated Midwestern agricultural states this spring, some fund managers are evaluating how climate change will affect the long-term value of companies that make or sell products ranging from tractors to fertilizer.
YIELD 050619

Upgrade spurs bond rally

Yields on government securities fell across the board last week following a boost from the rating upgrade announced by S&P Global Ratings last Tuesday.
Subaru Outback 1

Subaru offers special summer deal for the 3.6 Outback

MOTOR IMAGE Pilipinas, Inc., the exclusive distributor of Subaru vehicles in the Philippines, draws up an irresistible offer for the P2,408,000 Subaru Outback 3.6 R-S with EyeSight, available only this month of May.

Rustan’ launches online shopping site

LUXURY retailer Rustan’s officially launched its e-commerce store, rustans.com, over the weekend with founder Ambassador Bienvenido Tantoco, Sr. placing the historic first online order.

DoTr still wants private firm to take over MRT-3

THE Department of Transportation (DoTr) said it will continue to seek a private company to take over the operations and maintenance (O&M) of the Metro Rail Transit Line 3 (MRT-3), once the new Japanese contractors finish the rehabilitation of the railway system in two years.

Canada unveils measures to help canola farmers hit by China ban, seeks to boost...

OTTAWA -- The Canadian government, as expected, on Wednesday offered more financial assistance to canola seed farmers who have been hit by a Chinese ban on imports and said it was looking to diversify into other markets.
peso bills

Peso likely to strengthen

THE PESO may strengthen this week as investors position ahead of the release of key economic data.

SSS maternity benefit disbursements rise

THE SOCIAL SECURITY System (SSS) recorded higher disbursements in maternity benefits in 2018 and expects this to pick up further this year following the enactment of the Expanded Maternity Leave Law (EMLL).

The adidas Nite Jogger: a simple, straight-forward go-to shoe

LIFESTYLE and streetwear line adidas Originals recently shored up its product range in the country with the launch of the updated version of the Nite Jogger.
Apo Agua construction

Construction of Davao City bulk water supply project now under way

ABOITIZ-LED Apo Agua Infrastructura, Inc. is preparing the construction of a weir, or a water impounding facility, along with the excavation works for the treated water tank at the water treatment plant, which it has started to build as part of the Davao City bulk water supply project.
Honda Cars Dealership groundbreaking

Honda Cars dealership soon to open in Las Piñas

HONDA CARS Philippines, Inc. (HCPI) Honda’s automobile business unit in the Philippines, is pleased to announce the groundbreaking of its 40th dealership last April 12. Honda Cars Las Piñas (HCLP) will have full sales and service operations and will be located at KM 17 Real St. Alabang Zapote Road, Talon 2, Las Piñas City.
meat market China

Labeling caused China to suspend two Canada pork shippers

WINNIPEG, MANITOBA/OTTAWA -- China’s suspension of two Canadian pork exporters’ permits was due to a labeling problem, Canada’s agriculture minister said, adding that she was hopeful of it being resolved.

Shares to move sideways ahead of economic data

SHARES MAY continue trading sideways albeit with an upward bias as investors watch out for April inflation data, the central bank’s policy meeting, and first-quarter earnings reports this week.

How PSEi member stocks performed — May 3, 2019

Here’s a quick glance at how PSEi stocks fared on Friday, May 3, 2019.