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Daily Archives: August 6, 2019 | 12:07 am

AboitizLand launches residential project in Lipa

ABOITIZLAND, Inc. is expanding its township in Lipa, Batangas with the launch of a residential community.

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One PH adds 24/7 Filipino news channel to its brand lineup

AFTER LAUNCHING its 24-hour English-language news channel last year and a sports channel in early 2019, local pay TV provider Cignal TV is introducing another channel under its One branding, One PH, a 24-hour Filipino-language news channel.

Red Ribbon, Smashburger weigh on JFC profit

HOMEGROWN food giant Jollibee Foods Corp.’s (JFC) attributable profit dropped by half in the second quarter of 2019, dragged by losses in its recently acquired US burger chain Smashburger, alongside lower sales from Red Ribbon.

Filinvest Land breaks ground for Mira Valley in Rizal

FILINVEST Land, Inc. (FLI) broke ground for its latest residential project called Mira Valley in Rizal province that looks to attract middle-income families.

Bollywood rapper sets viewer record YouTube isn’t talking about

WITHIN 24 hours of posting his video “Paagal” to YouTube, Indian rapper Badshah broke a record even Taylor Swift couldn’t touch. The clip, a dancehall romp, was seen 75 million times in one day, eclipsing a mark set by Korean boy band BTS in April.
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PHL’s ‘Iron Lady’ leads push for fair alcohol tax

OLIVIA LIMPE-AW is leading a group of Philippine liquor billionaires in asking President Rodrigo Duterte for equitable treatment in his plan to raise liquor taxes.

Gov’t fully awards T-bills as rates drop on Fed cut

THE GOVERNMENT made a full award of the Treasury bills (T-bill) it offered yesterday, with rates dropping across all tenors on the back of strong liquidity and following the US Federal Reserve’s rate cut, as well as bets of monetary policy easing by the local central bank.

Lea Salonga proudest being first Asian in Les Miz

TONY AWARD winner Lea Salonga is set to perform on Aug. 30 and 31 at the Newport Performing Arts Theater in Resorts World Manila (RWM), Pasay City as part of the 10th-anniversary celebrations of the integrated casino-resort.

Aurora Escalades marks construction milestone

ROBINSONS Land Corporation (RLC) Residential Division marked another significant phase of Aurora Escalades last month, as it conducted a concrete pouring ceremony at the project site along Aurora Boulevard, Cubao, Quezon City.

Bell targets 5-6% growth in chopper sales in PHL

US helicopter manufacturer Bell Textron, Inc. expects to sustain a 5-6% growth in chopper sales in the Philippines over the next five years, as it sees a steady stream of orders from private and government clients.

HSBC axes CEO Flint after only 18 months to speed up growth

HONG KONG/LONDON — HSBC ousted Chief Executive Officer John Flint after just 18 months in that role, in a surprise move that the lender’s chairman said was necessary to accelerate progress of its strategic priorities.

Fast & Furious spin-off struggles to gain speed in cinema debut

HOBBS & SHAW, a spin-off from Universal Pictures’ successful Fast & Furious film series, got off to a slow start with North American fans, while still giving the studio one of its biggest openings of the year.

Anchor Land launches 9th residential project

ANCHOR LAND recently broke ground of its ninth residential project Cornell Parksuites along Masangkay Avenue in Binondo, Manila.

China lets yuan slump past seven per dollar as trade war escalates

SHANGHAI — China on Monday let the yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade, in a sign Beijing might be willing to tolerate further currency weakness in the face of an escalating trade row with the United States.

Globe’s 917 Ventures to focus on non-telco services

GLOBE TELECOM, Inc. is strengthening its push for non-telecommunications related services, as it rebrands Globe Capital Ventures Holdings, Inc. (GCVH) as 917 Ventures.

Noir to close Gangwon Province Day in Manila

IN CELEBRATION of the 70 years of friendship between South Korea and the Philippines, Gangwon Province will hold a trade fair and exhibition in Manila on Aug. 9.

NorthPine readies expansion of 2 Cavite projects

NORTHPINE Land, Inc. is expanding several of its projects in southern Metro Manila, amid the on-going construction of the Cavite-Laguna Expressway (CALAX).

Japan signals readiness to act against excessive yen rises

TOKYO — Japan’s top currency diplomat on Monday warned investors against significantly pushing up the yen, signaling that Tokyo was ready to intervene in the currency market if excessive yen gains threatened to hurt the export-reliant economy.
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SEC issues warning against SGP Dragon Trading

THE Securities and Exchange Commission (SEC) has warned the public against investing in SGP Dragon Trading Corp., a company allegedly offering investment products that promise as much as a 2.5% interest rate per day.

Vital signs

LIKE HIS first acclaimed Cinemalaya entry Kiko Boksingero (2017), writer-director Toph Nazareno once again brings us a deeply sympathetic and profound coming of age story. The motherless Edward (played by 15-year-old Louise Abuel who is totally amazing) must serve as his father Mario’s (Dido dela Paz) bantay or hospital bedside watcher — although in Philippine charity wards they do not sleep beside, but underneath, the patient’s bed, barely a hand’s breadth from the rusted steel matting bedframe, upon flattened cardboard boxes. They may only bathe between 4 to 6 a.m. Throughout the day and night, they must see to their patient’s feeding, hygiene, and medication, since there are not enough orderlies or nursing aides to do these tasks. Without the bantay, many patients would never make it.

Bria fosters sense of community

MASS HOUSING developer Bria Homes wants its developments to have a sense of community by introducing more green spaces and recreational amenities.

It surpasses its muse

IT’S A testament to the depth and breadth of the Advance Wars series that it continues to be viewed as the gold standard insofar as turn-based defeat-all-enemies-type games that require no small measure of strategy are concerned. The first title (released way back in 2001 for the 32-bit Game Boy Advance), direct sequels Advance Wars 2: Black Hole Rising and Advance Wars: Dual Strike, and the stand-alone Advance Wars: Days of Ruin all compel gamers to either vanquish rival forces or capture opposition headquarters. Several interface options are on offer, but the Campaign Mode, where an intricate storyline unfolds in the midst of deliberate, if engrossing, action, takes the cake.

RBA leaves door open to rate cuts to shield currency

AUSTRALIA’S central bank chief Philip Lowe is leaving open the door to further interest-rate cuts in order to prevent a wave of global easing from neutralizing his back-to-back reductions and boosting the currency.

Voyager appoints new president

VOYAGER Innovations, Inc. has appointed Shailesh Baidwan as president to help in the company’s day-to-day operations and in shaping its strategic business direction.

Felina Corporate Plaza taps KMC, Colliers Int’l

KMC Savills and Colliers International have signed a co-landlord agreement that will allow them to manage the leasing transactions for Felina Corporate Plaza, located in Libis, Quezon City.

How PSEi member stocks performed — August 5, 2019

Here’s a quick glance at how PSEi stocks fared on Monday, August 5, 2019.