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Daily Archives: May 16, 2019 | 12:06 am

Strong sales drive CLI earnings higher

CEBU Landmasters, Inc. (CLI) reported a 23% increase in its net income attributable to parent during the first three months of 2019, on sustained sales of its projects in Cebu.

Anthology of top food essays launched

WRITING about food is an experience both universal and personal: while everyone around you may eat the same thing, everyone has a different response to it and recall of it. That’s why, most of the time, no two articles about food are ever exactly the same.

Lopez Holdings more than doubles Q1 earnings

LOPEZ Holdings Corp. reported a first-quarter net income of P2.291 billion, or more than double its profit attributable to equity holders of the parent firm a year ago of P1.104 billion, with its energy group contributing to its performance during the period.

Craft brewing’s hot new style? Beer made with spicy chili pepper

WHILE craft beer heads might measure a brew in IBUs (International Bitterness Units, which are used to approximately quantify the hop bitterness of beer) what about a beer’s SHUs (Scoville Heat Units, a measurement of the heat of chili peppers)? Beers with heat are hot at the moment as craft brewers experiment with exciting new flavor combinations. Whether they’re made via the addition of hot pepper juice, oils, or whole peppers, ales and lagers brewed with chili peppers are common enough for “Chile Beer” to be a recognized style on BeerAdvocate.com. Ranging in heat on the palate from subtle to fiery, here are seven eclectic examples of Scoville-scoring, great brews.

foodpanda targeting further expansion in the Philippines

FOOD DELIVERY company Foodpanda Group (stylized as foodpanda) is gearing up for expansion in the Philippines as it celebrates its fifth anniversary in the country.

Political ads boost ABS-CBN Q1 bottom line

EARNINGS of ABS-CBN Corp. soared 89% in the first quarter, as revenues got a boost from political ad placements.

Writing about wine: Personal yet universal

WHEN one writes about wine, one has to be very careful. Words from one’s pen will come to represent a bottle that took years of work, decades of legacy, and the earth’s own providence to produce. With these factors in place, each wine: from grands-crus from Bordeaux to wine that isn’t exactly up to par from who-knows-where, deserves more than a modicum of respect.

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Apple rolls out revamped television app ahead of streaming service launch

APPLE INC. on Monday rolled out a new television-watching app for its devices and some Internet-connected TVs, an effort to gain more revenue from reselling other companies’ programming and, later this year, its own original shows.

Seven-year bonds fully awarded on strong demand after rate cut

THE GOVERNMENT fully awarded the reissued seven-year Treasury bonds (T-bond) it offered yesterday amid overwhelming demand as the market continued to react to the rate cut implemented by the central bank last week.

SSI income jumps 28% on sales of luxury brands

EARNINGS of SSI Group, Inc. increased by 28% in the first quarter, driven by “healthy” consumer demand and strong same-store sales growth.

Thirst-quenchers for the last hurrah of summer

JUST before we say goodbye to summer, maximize the balmy weather with lazy summer afternoon outdoor get-togethers.

Firms urged to future-proof vs cyber risks

AS THE Philippines saw a quick rise in cybersecurity awareness and data protection efforts in recent years, companies are now urged to look far ahead to prepare for newer threats that are expected to come in three to five years time.
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Term deposit yields drop

YIELDS ON term deposits continued to decline amid steady demand as the central bank placed a higher volume on the auction block, resuming its offering of the month-long tenor after several weeks.

Cyber risks to exceed disasters for insurers

CYBER RISKS will soon become bigger risks than natural catastrophes for the insurance sector, Scor Chairman and Chief Executive Officer Denis Kessler said, recommending the industry build a comprehensive, common global scale to assess cyber-related incidents.

Wilcon nets P484M on double-digit sales growth

EARNINGS of Wilcon Depot, Inc. jumped 18.2% in the first three months of the year, boosted by a double-digit increase in sales alongside steady margin expansion.

The Carol Burnett Show’s Tim Conway, 85

EMMY-WINNING actor Tim Conway, who brought an endearing, free-wheeling goofiness to skits on The Carol Burnett Show that cracked up his cast mates as well as the audience, died on Tuesday at the age of 85, his publicist said.

RCBC to issue P5 billion in sustainability bonds

RIZAL COMMERCIAL Banking Corp. (RCBC) is set to issue at least P5 billion in two-year peso-denominated sustainability bonds, the first of its kind in the country, with the proceeds to fund environmental and social projects.

Tencent’s PUBG replacement ‘Game for Peace’ rakes in $14M in 72 hours

BEIJING -- Tencent Holdings Ltd.’s alternative to its video game “PlayerUnknown’s Battlegrounds” (PUBG) in China became the world’s top-grossing mobile battle royale title on Apple’s iOS app store in the first 72 hours of its launch, research showed.

1950s, ’60s Hollywood star Doris Day, 97

ACTRESS Doris Day, who became one of the greatest box-office attractions of her time as the cheery, freckle-faced personification of wholesomeness, died on Monday at the age of 97, her foundation said on Monday.

Melco Philippines set to be delisted in June

MELCO Resorts and Entertainment (Philippines) Corp. (MRP) stands to get delisted from the local bourse by June should it fail to meet the minimum public ownership (MPO) requirement.

Cultural Center to pay tribute to National Artists today

THE SEVEN individuals who were conferred the National Artist Awards in 2018 will be given a tribute today at 6 p.m. at the Tanghalang Nicanor Abelardo of the Cultural Center of the Philippines.

EastWest Bank earnings rise 36% in first quarter

EAST WEST Banking Corp. (EastWest Bank) booked a 36% increase in net income in the first quarter on the back of improved lending and trading gains.

How PSEi member stocks performed — May 15, 2019

Here’s a quick glance at how PSEi stocks fared on Wednesday, May 15, 2019.