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Daily Archives: November 1, 2019 | 12:33 am

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BSP: Oct. inflation could still be below 1%

OCTOBER could have seen the second straight month of below-one percent inflation, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, citing lower fuel and rice prices that could have offset increases in electricity and water rates as well as prices of select food.

Fed leaves door half-shut for Asia’s central banks

HONG KONG -- Jerome Powell has just complicated the outlook for Asia’s central banks.

Cebu joins Baguio on UNESCO’s list of world’s 246 ‘creative cities’

CEBU CITY has been counted among the 246 UNESCO Creative Cities around the world, becoming the second Philippine city after Baguio to bag the recognition.

Infrastructure spending still short year-to-date despite September surge

INFRASTRUCTURE SPENDING surged in September by its fastest pace in almost three years, but still fell short of program year-to-date due to late 2019 national budget enactment, according to data which the Department of Budget and Management (DBM) released on Thursday.

Food and relationships at the center of new HBO Asia series

IN ITS SECOND anthology series, HBO Asia presents eight episodes from eight Asian countries telling stories about their connection to food. The pilot episode, Island of Dreams, directed by the Philippines’ Erik Matti from the Philippines, presents a tale of a woman who searches for a better life than what her small island offers.

Silly Season

THE NEWLY RESTORED Tisoy (1977) which premiered during the recent QCinema International Film Festival, was a happy choice by Sagip Pelikula, ABSCBN’s film restoration arm.

MGen to swing to profit in 2020

MERALCO PowerGen Corp. (MGen) is expected to swing to profit next year with the full operation of its first power generation plant, reversing the losses that it had incurred after the delays encountered by some of its projects.

Liquidity growth picks up in September

MONEY SUPPLY growth picked up in September as demand for credit inched up and following the recent cut in banks’ reserve requirement ratios (RRR).

Sony Pictures acquires Yellow Rose starring Noblezada, Salonga

SONY PICTURES Worldwide Acquisitions (SPWA), the acquisition arm of Sony Pictures Entertainment, has announced that they have bought worldwide rights (excluding the Philippines) of Fil-Am director Diane Paragas’ debut feature, Yellow Rose.
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SEC issues warning vs 4 ‘investment’ firms

THE Securities and Exchange Commission (SEC) is advising the public against investing in four companies which have been operating without proper licenses.

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Calabarzon, Davao female farm workers paid more in 2018

SALARY inequality persisted in the agricultural sector between male and female workers except in Southern Luzon and Davao despite a rise in the overall wage rate, the Philippine Statistics Authority (PSA) said, citing the findings of a survey.

US Fed cuts key rates to boost economy, signals it is on hold

WASHINGTON — The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain US growth despite a slowdown in other parts of the world, but signaled there would be no further reductions unless the economy takes a turn for the worse.

Horror and alienation at Cinema One Originals World Cinema section

CINEMA ONE Originals brings multitude of new takes on storytelling through its exciting World Cinema section lineup for its 15th year, featuring the films The Lighthouse, The Father, The Invisible Life of Eurice Gusmao, Knives Out, Matthias and Maxime, Portrait of a Lady on Fire, The Truth, and The Two Popes.

Federal Land to develop condominium in Bay Area

FEDERAL LAND, Inc., the property arm of GT Capital Holdings, Inc., is developing a four-tower condominium in the Bay Area of Pasay City.

HR firm sees opportunities for health workers in Japan, UK, Canada

HUMAN RESOURCE firm Q2 HR Solutions said it sees opportunities in the healthcare industry in Japan, the UK, Sweden and Canada due to aging populations there.

HSBC cuts Hong Kong prime rate

HSBC HOLDINGS Plc lowered its Hong Kong prime lending rate for the first time in 11 years, underscoring the economic challenges facing the financial hub.

HBO orders Game of Thrones prequel

HBO HAS given a 10-episode, straight-to-series order to House of the Dragon, a Game of Thrones prequel co-created by George R.R. Martin and Ryan Condal. Miguel Sapochnik and Ryan Condal will partner as showrunners and will also serve as executive producers along with George R.R. Martin and Vince Gerardis.

Duty Free PHL partners with 50 travel agencies

DUTY FREE Philippines (DFP) has partnered with around 50 travel agencies that cater to Filipino international travellers, offering their tour groups additional discounts at the flagship store in Parañaque City.

Ford shutters oldest Brazil plant as revival bid faces doubts

SAO PAULO -- Ford Motor Co. on Wednesday said it was shutting down its oldest plant in Brazil later in the day as planned, with prospects for saving any of the jobs in doubt as talks with a potential buyer have fallen behind schedule.

BoJ keeps policy steady

TOKYO — The Bank of Japan (BoJ) kept monetary policy steady on Thursday as expected but offered a stronger signal it may cut interest rates in future, underscoring its concern that overseas risks could derail the country’s fragile economic recovery.

The good earth

MANUEL SILOS’ Biyaya ng Lupa (Blessings of the Land, 1959) is one of those films where one is hard-pressed to say why or how it’s great. It’s so understated, so modestly poised, so gracefully proportioned it takes a while — perhaps some time after a screening — before the finer qualities sink in deep enough to plink at the outer fringes of awareness.

Vitarich net profit surges in Q3

VITARICH Corp. reported its net income surged to P99.97 million in the third quarter of 2019, from P3.88 million a year ago, as consumers shifted to chicken amid the African Swine Fever (ASF) scare.

DMCI Homes tops off 1st two towers of luxury condominium project

DMCI Homes is on track to turn over the first two towers of its luxury condominium project in Parañaque City by June 2020.

Hong Kong banking giants defy dire predictions

THERE MAY BE protests, wafts of tear gas and the occasional burning Starbucks along the street, but inside Hong Kong’s biggest financial firms the outlook for business is surprisingly status quo.

Your Weekend Guide (November 1, 2019)

ENJOY the thrill at biggest Halloween attraction in the Philippines.

In South Korea’s dangerous shipyards, subcontracted workers are most at risk

GEOJE, SOUTH KOREA -- Park Chol-hee was working the holiday shift at Samsung Heavy Industries’ Geoje shipyard on Labour Day, 2017, when a giant crane collided with another and crashed to ground, killing six people, including Park’s younger brother.

Araneta Properties slumps to net loss in 3rd quarter

ARANETA Properties, Inc. swung to a net loss in the third quarter.

When HR becomes the enemy of department managers

I was pirated by our CEO to help in rejuvenating the Human Resources as an equal function of other departments. When I came onboard three months ago, I was overwhelmed by the magnitude of the former HR manager’s ineffectiveness and incompetence in coming out with engagement programs resulting in poor employee morale. About 7% of our workers are habitually absent and tardy that we would normally incur additional costs in terms of penalties due to late delivery of our products to customers. Many times, department managers refuse to implement disciplinary action against workers due to personnel shortages and fear of ruffling the feathers of the union. I tried to change things, but the department managers, except for one, are very much against the changes. I told the CEO of my problem and he told me it’s my job to handle everything, including my own problem with other managers. What can I do now? -- Prince Albert.

Mimaropa’s regional economy rising

At the turn of the millennium, the Southern Tagalog region was the country’s biggest in terms of land area and population. Designated as Region IV by the national government for administrative purposes, it consisted of six provinces in the southern part of Luzon and five island provinces adjacent to the Visayas.

What to see this week

6 films to see on the week of November 1 — November 7, 2019

How PSEi member stocks performed — October 31, 2019

Here’s a quick glance at how PSEi stocks fared on Thursday, October 31, 2019.