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Monthly Archives: June 2019

Romulo Café keeps up to date

VIRGINA LLAMAS was a homemaker who prepared impeccable signature dishes. Her husband, Carlos P. Romulo, was appointed as the Philippines’ permanent delegate to the United Nations with the rank of Ambassador the day after Manuel Roxas was sworn as the first president of the Philippine Republic. In 1946, the family settled in Washington D.C. — their home for the next 14 years. It was at that time that Virgina introduced Filipino cuisine to American guests and foreign diplomats. Her recipes served as inspiration for Romulo Café’s home-cooked dishes.
Oppo F11 Pro

Oppo to bring more high-end products to the Philippines

CHINESE mobile brand Oppo plans to bring more premium products to the Philippines on the back of the country’s strong economic growth.

Davao chamber endorses CLC’s proposal to upgrade airport

CHELSEA Logistics and Infrastructure Holdings Corp. (CLC) has gained the support of the Davao City Chamber of Commerce and Industry, Inc. to pursue its proposed P49-billion modernization of the Davao International Airport.

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Wines of France

WHILE French wine is already a category well within itself, an understanding of the regions from which the various types are produced can give the drinker a deeper insight into the wine. Within every bottle, after all, is not just fermented grape juice, but the history of the land and its people.

DICT to tighten rules vs use of social media for kids’ school work

THE Department of Information and Communications Technology (DICT) is moving to strengthen its stance on prohibiting the use of social media in disseminating school work to students, as it kick-started public consultations on a draft policy Monday.
Alliance Select

Alliance Select upbeat on prospects this year

ALLIANCE Select Foods International, Inc. is upbeat it can continue delivering higher earnings moving forward, banking on the strength of its management team.

La vie française

WHEN YOU eat too much, you’re called a glutton. When you eat too much French food, however, you’re a gourmand.

PH3 headphones launched in select PMC stores

FILIPINO-DESIGNED noise-cancelling headphones PH3 is now available in select Power Mac Centers (PMC), promising a “sleek and lightweight pair of headphones that mute unwanted outside sound...[and] delivers high audio quality,” according to a press release.

Pepsi PHL banks on recovery of sales volume

PEPSI-COLA Products Philippines, Inc. (PCPPI) hopes to book better volumes this year as it recovers from the implementation of higher taxes on sugar-sweetened beverages (SSB) in 2018, while also accelerating spending to support this growth.

Vaya offers new drink and storage containers

CONTINUING with its push of coming up with innovative products for people on the go, Vaya has introduced its latest products in the country — the Drynk and Preserve.

Bids for BSP’s term deposits drop

DEMAND for the Bangko Sentral ng Pilipinas’ (BSP) term deposits declined on Wednesday ahead of the implementation of the second round of cuts to banks’ reserve requirements.

Smart to offer Oppo A3S devices at a discount

PLDT, Inc. wireless unit Smart Communications, Inc. said it is tapping Chinese smartphone brand Oppo to grow the adoption of long term evolution (LTE) network in the country.

Beerfest Asia 2019 launches into the beer future

BLUE MOON, Brewlander, Brooklyn, Draft Denmark, Asia Pacific Breweries, Little Creatures, Polanin, RedDot Brewery and Epicurean Nomads are just some of the breweries, including a record nine from Singapore, which will be showcasing over 600 beers at Beerfest Asia 2019.

SSS expects to recover more than half of contribution collectibles

THE Social Security System (SSS) said it may only be able to recover more than half of the expected collectibles from the agency’s condonation program, noting that out of over 132,000 established delinquent employers, only 16,460 of them have availed of the amnesty program in the first three months of the implementation.

K-Pop’s BTS now in your pocket with mobile game

LOS ANGELES -- K-Pop stars BTS have conquered the charts with their music and the box office with documentary “Burn the Stage: The Movie,” and now they’re aiming for mobile phones with the game BTS World.

Global Ferronickel sees new steel venture operational by 2021

GLOBAL Ferronickel Holdings Inc., the Philippines’ second-largest nickel ore producer, said on Wednesday it expects to bring its planned rebar processing plant up and running by 2021, as the company seeks to boost profitability amid growing domestic demand for steel products.

Robinsons Galleria is now a foodie destination

AFTER a major makeover last year, one of the first shopping malls along EDSA — Robinsons Place Galleria — is this year highlighting its many restaurants as it positions itself as one of the city’s foodie destinations.

PBCom closes sale of car loans to EastWest

PHILIPPINE BANK of Communications (PBCom) has closed the sale of its car loan portfolio to East West Banking Corp. (EastWest Bank) to focus on its core market.

Singaporean brand Uniq enters Philippine market

SINGAPOREAN digital accessories brand Uniq has entered the Philippine market it aims to bring its products known for their “minimalist mobility” and “smart simplicity” to the country’s digitally-connected populace.

When the winemaker wore a wet suit: Spain’s $100 subsea tipple

BAY OF PLENTZIA, Spain — For many discerning drinkers, the walk down stone steps into a cool, dark cellar is an essential part of visiting a winery, but with one Spanish winemaker such an inspection is more likely to involve an oxygen tank and flippers.

MICT yard utilization continues to fall

YARD utilization at the Manila International Container Terminal (MICT) continued to drop near historically low levels in June, which operator International Container Terminal Services, Inc. (ICTSI) attributed to the improvement in the speed of turnover of containers.

GE’s viral gaffe: to reset smart bulb, turn off, on, off, on…

SO-CALLED smart home technology is supposed to make our lives easier. One such product from General Electric Co. may be too sophisticated for its own good.

Insurers’ REIT investments to qualify as admitted assets

THE Insurance Commission (IC) has issued guidelines on insurers’ investment on real estate investment trusts (REIT), admitting such as assets.

Dining Out (06/27/19)

SAVOUR a platter of premium Italian appetizers paired with wine or beer as the Aperitivo at Vu’s Sky Bar and Lounge returns.

Facebook’s cryptocurrency gets a warm welcome in Geneva

POLICY MAKERS around the globe have been cool to the idea of Facebook Inc.’s planned Libra cryptocurrency. In Switzerland? They liked it so much, Facebook decided to set up shop there.

Macay on the lookout for M&A opportunities

BEVERAGE manufacturer Macay Holdings, Inc. is scouting for merger and acquisition (M&A) opportunities abroad in the next 12 months in a bid to expand its portfolio outside carbonated drinks.

SSS looking to hire more fund managers for IRF

LOCAL managers for the remaining P2 billion of the Social Security System’s (SSS) investment reserve fund (IRF) may be tapped as early as end-June, the pension fund’s chief said on Wednesday.

Business Expectations Survey

BUSINESSES were on the whole more confident of prospects this quarter compared to the preceding three months as they expected improved demand — marking the second straight quarter of improvement — but households turned slightly more pessimistic in the same comparative periods in the face of rising prices, according to results of the central bank’s latest surveys on these two segments that were released to media on Tuesday.

How PSEi member stocks performed — June 26, 2019

Here’s a quick glance at how PSEi stocks fared on Wednesday, June 26, 2019.

Philippines loses six places in economic freedom rankings

THE Philippines’ economic freedom ranking slipped six places to 49th out of 162 countries, Canadian think-tank Fraser Institute said in its 2018 Economic Freedom of the World report.
Angat Dam

Angat expected to breach all-time low by Saturday, water regulator says

WITHOUT significant rainfall flowing to its watershed, Angat Dam is expected to breach the lowest recorded level of 157.57 meters by Saturday according to the National Water Resources Board (NWRB).
Laguna de Bay LLDA

Fisheries sector hoping to match or top Q1 growth rate in 2019

THE fisheries regulator said he hopes to match or top the sector’s first quarter growth rate of 0.97% over the course of 2019.

Majority of Filipinos plan to pay for medical expenses with savings, debt, study finds

A MAJORITY of Filipinos said they intend to finance their medical expenses from savings or debt, according to the findings of a health and wellness study by PhilCare, a health maintenance organization (HMO).

GSIS still plans to dispose of harbor site amid ICTSI dispute

THE Government Service Insurance System (GSIS) is going ahead with the sale of a portion of Manila North Harbor, which is operated by the International Container Terminal Services, Inc. (ICTSI), despite earlier reports that the port operator claims the state-run pension fund has no authority to do so.

BFP underspent on National 911 system, failed to complete fire stations — CoA

THE Commission on Audit (CoA) said the Bureau of Fire Protection (BFP) failed to use P53.3 million worth of funds from the Department of Interior and Local Government (DILG) and Department of Energy (DoE).
Davao City Hall

Hong Kong, Thai, Malaysian trade delegations expected in Davao

DAVAO CITY -- Trade delegations are expected to visit Davao City in the next few months with investor interest buoyed by last week’s Davao Investment Conference (ICon) 2019, according to officials of the Davao City Chamber of Commerce and Industry Inc. (DCCCII).
E-vehicle charging station

DTI to release incentive scheme for EV firms, parts makers

THE Department of Trade and Industry said it is working on a “special program” that will attract investors to various segments of the electronic vehicle (EV) industry all across the value chain.

Revisiting the rules on claiming withholding tax credits

Every tax filing season, corporate taxpayers grapple to complete and collect all the certificates of Creditable Tax Withheld (BIR Form 2307) from their local customers up to the eleventh hour. Issues on the validity of the creditable withholding tax (CWT) certificates, and the propriety or timing of recognizing the income tax credits come to the fore. It makes me wonder how hard-earned money contributed to government coffers could still be subject to dispute.

Looking forward to the 2019 SONA

There is no shortage of anticipation in the lead-up to a scheduled 4th State of the Nation Address (SONA). The one this coming July 22 should be no exception. After all, the 4th SONA of any presidency occurs just a few months after the scheduled Midterm National and Local Elections. Any president, more so if his/her endorsed coalitions won with a comfortable margin, would take this opportunity not only to take pride in this, it will also try to build bipartisan confidence in order to pursue its agenda for the remaining three years -- unencumbered by the inflamed partisan attitudes fostered by the recently concluded fight.

Reason over populism in infrastructure development

Populism, or the appeal to pacify the masses and demonize the corporations and “elites,” seems to be getting louder under the Duterte administration than under its predecessors. I will briefly discuss three sectors -- water supply, power development, and mining in this light.

MBAs do make a difference

I am here to tell you my story. I was a simple kid who grew up in Antipolo. I was raised and inspired by a single mom, who danced her way to success and gave us the gift of quality education. Our home was far from the business districts such as Ortigas and Makati. No one in my immediate family and in the community had ever experienced working in big corporations. Life there was simple, people were not wealthy, but growing up in that community created a gold mine of memories.

What we get wrong when we talk about UFOs

IF YOU’RE reluctant to believe the latest round of media claims that alien spacecraft are lurking around our airspace and surprising Navy pilots, well, you are not alone.

Trump will be first to blink in China stare-down

SAN FRANCISCO -- Donald Trump will be the first to blink in his stare-down contest with China. The US president and counterpart Xi Jinping will try to restart trade talks at this week’s G20 summit. Trump may be hoping Beijing will back down, but he needs a deal more -- and Xi is feeling combative.

Phoenix sinks Northport

THE Phoenix Pulse Fuel Masters halted the steamrolling Northport Batang Pier, 97-87, in Philippine Basketball Association Commissioner’s Cup action on Wednesday at the Smart Araneta Coliseum.

Martens sends Netherlands to quarters

RENNES, FRANCE -- The Netherlands reached the women’s World Cup quarterfinals for the first time when Lieke Martens’ last-gasp penalty earned them a 2-1 victory against Japan on Tuesday.