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Lazada PHL reveals best-selling brands during 11.11 sale

XIAOMI, Philips, Maybelline and Olay were among the top-selling brands during Lazada Philippines’ 11.11 Shopping Festival.
In a statement, the e-commerce firm said among mobile phone brands, Chinese brands Xiaomi and Huawei edged out Apple, Samsung and Asus.
For the make-up category, Maybelline ranked first, followed by L’Oreal Paris, MAC, Benefit, and Vice Cosmetics. Olay, Nivea, Pond’s, L’Oreal Paris, and Garnier were the best-selling brands for skin care.
Under home appliances, Philips dominated the category, followed by Samsung, Imarflex, Fujidenzo, and Iwata.
Among diapers, the top brands Huggies, Pampers, MamyPoko, EQ, and Drypers, while top milk formulas were Promil, Enfa, Bonakid, Pediasure, and Lactum.
Lazada Philippines said the top selling items in the country were shawls, Korean multi-function make-up pouch, and cute Korean socks.
“Lazada 11.11 Shopping Festival represents Southeast Asian shoppers’ aspiration for quality consumption, and it also reflects how our consumers and sellers have fully embraced e-commerce as a way of life,” said Raymond Alimurung, chief executive officer of Lazada Philippines, in a statement.
Lazada said the 11.11 Shopping Festival attracted 20 million online shoppers in Southeast Asia, who took advantage of more than 50 million deals and bargains. On the first hour of Nov. 11, 1.2 million orders were made.
The over-all top selling categories were mobile phones, diapers and milk powder, and beauty products. — Vincent Mariel P. Galang

House committee approves financial protection bill

THE HOUSE Committee on Banks and Financial Intermediaries on Tuesday approved a measure providing for the protection of financial consumers.
House Bill 8301 or the Financial Consumer Protection Act seeks to put in place a comprehensive framework for financial consumer protection in light of the increasing services and products being offered.
“Financial services is a range of services covered by different financial regulators, so definitely there is a gap in term of having mechanisms in place to ensure the protection of financial consumers,” Bangko Sentral ng Pilipinas (BSP) Director Pia Bernadette Roman-Tayag told the panel.
“House Bill 8301 empowers consumers and regulatory agencies. Consumers can dissect bundled products and pricing details, and are given a cooling off period during which they can cancel or return the contract entered into without penalty, not including the processing fees,” said Panel chair Henry C. Ong of the 2nd district of Leyte.
The bill establishes a financial consumer protection assistance mechanism through which providers may address complaints, requests and other concerns of clients. It also seeks to ensure that financial products are offered according to the needs of the client. A cooling-off period will also be provided to consider costs and risks of a particular product.
“A financial person is expected to adopt a clear cooling-off policy, as may be prescribed by law or by rules and regulations issued by the relevant financial regulator upon its determination that a cooling-off period is necessary for a particular product subject of regulation by such financial regulator,” the bill stated.
Moreover, companies or financial service providers shall be required to document the reasons for setting the price of each of their products and ensure client data remains protected.
As regulators, the BSP, Securities and Exchange Commission and Insurance Commission are empowered to formulate their own rules and conduct surveillance off-site and on-site, among others.
For his part, IC Legal Liaison Officer Denis C. Cabucos supported the proposal: “I think it’s high time to have a separate consumer protection framework for consumers of financial products.”
“We have now specific provision under this bill that we can use to go after financial providers taking advantage of financial consumers,” he added. — C.A. Tadalan

Licad to have all-Chopin piano concert

ACCLAIMED pianist Cecile Licad will return to Manila for a concert entitled Cecile Licad: I Love Chopin, on Nov. 27, 7 p.m., at the main lounge of the Manila Polo Club in Makati City. After the Manila recital, Licad will then have performances in Iloilo, Baguio, and Roxas City — Nelly Garden Iloilo (Nov. 29, 6 p.m.); Molo Church, Iloilo (Nov. 30, 6:30 p.m.), SM Iloilo (Dec. 1, 7 p.m.); CAP Auditorium Baguio City (Dec. 6, 7:30 p.m.); and the Gerry Roxas Foundation Auditorium in Roxas City (Dec. 8, 6 p.m.) This special performance is a fund-raising for the Philippine Philharmonic Orchestra Society, Inc. and Childhope Philippines Inc. Donations in the amount of P5,000, P10,000, and P30,000 are accepted which entitles donors to one ticket each. For details contact Lulu Casas via e-mail at lgcasas@rgoc.com.ph, or call 0917-570-8301 or 895-2109; or Chips Guevara via e-mail chipsg@gmail.com, or call 0917-810-3245 or 502-9683.

Three Filipinos in Forbes Asia ‘heroes of philanthrophy’ list

THREE FILIPINO philanthropists were included in Forbes Asia’s annual Heroes of Philanthropy list.
Fila Isport Life Chairman Jose Mari “Butch” T. Albert, Santa Elena Construction & Development Corp. President and CEO Alice Galang Eduardo, and Consuelo Chito Madrigal Group of Companies President Susana Abad Santos Madrigal were recognized for supporting charities in the Philippines.
In a statement, Forbes Asia said the list aims to recognize individual philanthropists, who made donations using personal funds, not through their businesses. If the company is substantially owned by the individual, then the corporate donations are considered part of his fortune.
Forbes Asia noted that Mr. Albert, 68, donated over $110,000 to his Operation Compassion’s iRebuild efforts in 2014, and $66,000 for iFoster, which helps abandoned children.
Ms. Eduardo, 53, has made a $277,000 donation to build an isolation ward at the Philippine General Hospital in 2014, as well as a $370,000 donation to build a dormitory for patients’ families. She also gave $370,000 for a non-profit organization Tuloy Foundation for orphaned children, $185,000 to build homes for victims of Typhoon Yolanda, and $184,000 to Habitat for Humanity.
Ms. Madrigal has given $93,000 to the Catholic Ministry for the Deaf, as well as supported the establishment of a Business & Accountancy building at a state university. She also made a $18,600-a-year pledge to the Cancer Samurai Scholar Fund.
The Forbes list includes not just entrepreneurs, but also executives and a celebrity. Indian tycoon Kochouseph Chittilappilly had donated his kidney in 2011 to a sick truck driver, while Australia’s Anthony Pratt vowed to give $700 million over his lifetime to charitable causes.

OECD: ‘particularly good’ growth outlook for Philippines, Vietnam

THE Organisation for Economic Co-operation and Development (OECD) has adjusted downward its economic growth forecast for the Philippines this year and in 2019, though the economy is still expected to sustain its “good performance” over the next five years. Read the full story.
OECD: ‘Particularly good’ growth outlook for Philippines, Vietnam

How PSEi member stocks performed — November 13, 2018

Here’s a quick glance at how PSEi stocks fared on Tuesday, November 13, 2018.

Philippine Stock Exchange’s most active stocks by value turnover — November 13, 2018


Magnolia tries to close out Barangay Ginebra

By Michael Angelo S. Murillo
Senior Reporter
THE Magnolia Hotshots Pambansang Manok seek to complete a sweep and, in the process, dethrone the defending champions Barangay Ginebra San Miguel Kings when they collide in Game Three of their best-of-five Philippine Basketball Association Governors’ Cup semifinal series today at the Smart Araneta Coliseum.
Raced to a 2-0 series lead with their 101-97 victory in Game Two on Monday, the Hotshots placed themselves in a great position to make a second finals appearance this season and a chance to win their first title in four years.
Showing tremendous will to win especially down the stretch in its last game, Magnolia pushed Barangay Ginebra on the brink of elimination.
Import Romeo Travis had solid all-around numbers of 25 points, 12 rebounds, seven assists and three steals for Magnolia while Ian Sangalang had 17 points in the win.
Paul Lee finished with 14 points and Rome Dela Rosa had 11.
“We just showed will to win. The players responded to the challenge. But it’s not over because Ginebra is a strong team and they are capable of coming back,” said Magnolia coach Chito Victolero after.
“Winning two games is nothing. We have to win three games. We are taking it one game at a time and hopefully we get to sustain the proper mindset for Game Three,” he added.
For Barangay Ginebra, it is all must-win games from here on in the semifinals.
The Kings, who saw their coach, Tim Cone, ejected last time around for two technicals, had a chance to salvage Game Two when they came within two points, 99-97, with 24 seconds remaining.
But they could not complete the comeback as the Hotshots held tight to get the win.
Justin Brownlee led Barangay Ginebra with 31 points, 12 rebounds and seven assists.
LA Tenorio had 15 points while Greg Slaughter had 14 points and eight boards.
Interestingly, the Kings were in a 0-2 hole against the Hotshots in their 2016-17 best-of-seven Philippine Cup semifinals but came out of it triumphant by going the full route and book a place in the finals.
Game Three today between Magnolia and Barangay Ginebra is at 7 p.m.
GILAS PREPARATION
Meanwhile, preparation of PBA-supported Gilas Pilipinas for the fifth window of the FIBA World Cup Asian Qualifiers began on Monday night at the Meralco Gym in Ortigas.
In attendance were majority of the players short-listed for the 20-man pool from which the final roster for the two games set for later this month and early December will come from.
Present were Gabe Norwood, Beau Belga, Matthew Wright, Poy Erram, Jayson Castro, Troy Rosario, June Mar Fajardo, Marcio Lassiter, Arwind Santos and Alex Cabagnot as well as Gilas cadets Kai Sotto and Ricci Rivero.
Excused since their teams are still playing in the semifinals of the PBA Governors’ Cup were Messrs. Slaughter, Tenorio, Lee and Sangalang, Japeth Aguilar and Scottie Thompson. Also absent were Christian Standhardinger and Stanley Pringle.
The now-Yeng Guiao-coached Gilas team will try to fortify their push for a World Cup spot in China next year in the fifth window.
The Philippines is currently at third place in the merged Group F of the qualifiers with a 5-3 record, behind group leader Australia (7-1) and Iran (6-2).
Gilas plays Kazakhstan on Nov. 30 and Iran on Dec. 3. Both games are to be played at the Mall of Asia Arena.

San Beda underscores how deserving it is as champion

By Michael Angelo S. Murillo
Senior Reporter
SOME may view their latest championship with reservation, believing that they had it “easy” since they battled a team that did not have a full complement in the games played in the finals. But the three-peat-winning San Beda Red Lions will have none of that argument as they underscored they are deserving champions who won the title fair and square.
Defeating the Lyceum Pirates, 71-66, in Game Two of their best-of-three National Collegiate Athletic Association Season 94 finals series on Monday at the Mall of Asia Arena, the Lions completed a sweep of the Pirates and book another title, their 22nd overall in the country’s longest-standing collegiate league.
The victory thrust San Beda to its third three-peat and saw it shut out Lyceum in the finals for the second straight year.
In winning their third straight title, the Lions proved to be the steadier team amid the stiff challenge posted by the Pirates, who played with top man CJ Perez, back following his suspension in the series-opener after being found to have violated league rules on applying for the Philippine Basketball Association rookie draft.
Graduating Perez, Lyceum’s leading scorer and heart and soul, reportedly submitted his rookie draft application in time for the deadline set for players considered as Filipino-foreigners without informing the league.
As per NCAA rules, it is mandated that student-athletes inform the NCAA in writing of their intention to be part of a professional league prior to submitting their application.
The league found Perez in violation of that particular rule and after careful evaluation decided to suspend him a day before the series-opener set for Nov. 6.
Some parties viewed the suspension as giving the already-loaded San Beda team an “easy pass” in Game One en route to winning, 73-60, and moving a win away from the NCAA title.
For Lions coach Boyet Fernandez though, such assumptions were unfair as it was not the case and that they worked hard to deservingly get the two victories in the finals even as he said what happened to Perez and his suspension was not San Beda’s fault.
“If you would remember, we beat LPU in the second round with CJ there, and he only scored nine points. It’s not the fault of San Beda that he was suspended. Rules are rules. Lyceum should have known that the draft is coming and CJ being considered as Fil-Am was to file early than local players. They should have checked it. But they did not,” said Mr. Fernandez in the post-game press conference following their title conquest.
“Again it’s not the fault of San Beda. We never participated in the deliberation and the voting on the suspension. But you have to give credit to my players. My players played well in the series. Don’t take that away from them. If you lose one player, somebody has to step up. They did not play well in Game One and it’s not our fault. But I give credit to them for coming back in Game One from 27 points down. But give my players credit. They continued to show they deserve to be champions in this game,” he added.
Mr. Fernandez, nonetheless, acknowledged the good season that Lyceum once again had and gave props to Pirates coach Topex Robinson and the program they have built.

Paul Desiderio out to finish roller-coaster UAAP ride on a high

WITH the University Athletic Association of the Philippines Season 81 eliminations in its final stretch, the University of the Philippines Fighting Maroons are keeping their fingers crossed about finally booking a Final Four seat this year. It has been an elusive semifinal slot for the Diliman-based team since the Paolo Mendoza-led squads of 1996 and 1997 last booked it.
“The last time UP made the Final Four was 21 years ago. I was just born then. If we make it to the semifinals we will make history. We have been working hard for this and we’re hoping to get a spot,” said UP Fighting Maroons team captain Paul Desiderio.
Playing his final UAAP season, the 6’0 shooting guard from Liloan, Cebu, has had his fair share of ups and downs while having “Unibersidad ng Pilipinas” inscribed on his jersey.
He was part of the 0-14 UP team in 2013, his rookie year, before missing UAAP Season 77. He was back in 2015 and won three out of 14 games.
Desiderio was part of the UP team that had three different coaches in three seasons before Coach Bo Perasol took over in 2016.
In Season 80, the UP team captain was clutch, leading the team in scoring while providing golden moments by draining two heroic ‘Atin ‘to’ three-pointers.
The Maroons though fell short in their Final Four quest with a 6-8 record.
Showing much improvement last season, UP supporters were hopeful in UAAP Season 81.
But after opening the current UAAP season with a huge win against the University of East Red Warriors, the Maroons’ resurgence tapered off.
They ended the first round of the eliminations with three wins and four losses, far from what they envisioned to have this year.
With UP sporting a 3-5 slate early in the second round, Desiderio was seen wearing a black shirt with “16 STRONG” written on the back. UP won that game against UE and snapped a two-game losing skid. They did it with a total team effort, working as 16 Strong.
“As their team captain, I let my teammates be themselves off the court but on the court I’m strict. I want everybody on the same page, ‘16 Strong,’” said Desiderio of the relationship he has with his teammates.
“Actually, ‘16 Strong’ started in training. Before the season started we were not sure if David [Murrell] will be able to play because of injuries. We prayed that everybody was healthy and able to play so we will be 16 Strong,” he added.
Desiderio went on to say that he is very proud of wearing the Maroon and White and thankful of the confidence and trust the school has given him.
“I’m proud to carry the school color. I appreciate what they have given me since I stepped on UP. Coach Ricky [Dandan] was the coach in 2013 and he personally went to UV (University of Visayas) to get me and play for the Maroons,” said Mr. Desiderio, who made a name for himself while at UV and was part of the youth national team which saw action at the 2013 FIBA Asia U-16 Championship.
Having seen the UP program take root and grow during his tenure with the team, Desiderio said he wants nothing more but to gift the Maroons a winning finish on his final year with at least a Final Four appearance.
“Jett [Manuel] started the winning culture for the team. He played his last collegiate playing year with us. That’s the same legacy that I want to leave the team, a winning attitude,” said Desiderio, referring to former UP captain Manuel who now plays in the Philippine Basketball Association with the Barangay Ginebra San Miguel Kings.
Desiderio and the Maroons return to action today against the De La Salle University Green Archers in an important match that has a lot of playoff implications. The game is set for 4 p.m. at the Mall of Asia Arena in Pasay City
Playing in the 2 p.m. opening game are the league-leading Ateneo Blue Eagles versus the already-eliminated University of Santo Tomas Growling Tigers. — Myrhen Inovejas Jamo

Philippine Azkals open Suzuki Cup bid with 1-0 win over Singapore

By Michael Angelo S. Murillo
Senior Reporter
THE 2018 AFF Suzuki Cup campaign of the Philippine men’s national football team got off to a winning start with a 1-0 victory over Singapore in its tournament opener on Tuesday night at the Panaad Park and Football Stadium in Bacolod City.
Playing under new coach Sven-Goran Eriksson, the Azkals did not disappoint in their tournament debut as they showed a spirited fight, punctuated by a 78th-minute goal from Patrick Reichelt that turned out to be the marginal goal.
The match was tightly fought in the opening half with both teams having their chances but could not consummate them, resulting in a nil-nil score at the break.
In the second half, the Azkals came out more aggressive, taking the fight to Singapore and in the process found themselves in solid scoring opportunities.
Their effort eventually paid dividends in the 78th minute when Mr. Reichelt converted a pass from captain Phil Younghusband, going through traffic and puncturing the goal, sending the hometown crowd to celebration.
Singapore tried to get back the goal for the remainder of regulation and in the added five minutes and had its chances, but the Philippine defense would hold its own to preserve the win and earn the three points that go with it.
“We got the three points but it was not an easy game. Singapore has very good players and they played very direct. It’s very difficult to play against them but I think we had a very good game technically and we had good fighting spirit and I’m very happy for the whole country and our team,” said Mr. Eriksson after their win.
For game hero Reichelt, the win was a good start for them and he was very happy to have scored what turned out to be the winning goal.
“We had problems in the beginning but it was awesome to play at home here in Panaad and for me to score a goal was very fulfilling and it’s a good start for us in the Suzuki Cup,” the Ceres-Negros player said.
Next for the Azkals is a meeting with Timor-Liste on Nov. 17 in Malaysia.

Suppliers refuse to meet NFA price as rice auction fails again

THE National Food Authority (NFA) said it rejected the bids of Thailand and Vietnam in the second government-to-government (G2G) auction for 203,000 metric tons (MT) of long grain rice at the 25% broken grade, with bids much higher than the $447.88 per MT reference price.
On Tuesday morning, Thailand initially offered $480.50 per MT for 100,000 MT, while Vietnam offered $483 per MT for 203,000 MT of rice.
The initial offers were rejected, as were second offers by Thailand at the same price and Vietnam at $481.50 per MT.
The 203,000 MT represents the unawarded portion of an initial volume of 250,000 MT bid out in October. The NFA was authorized by its governing NFA Council to import 750,000 MT this year, divided into three equal shipments of 250,000.
The initial volume of 250,000 MT was originally intended to arrive by the end of the year as a means of relieving pressure on food prices and potentially easing the impact of inflation. The refusal of suppliers to meet the NFA price indicates that the G2G sourcing route is failing to provide the volumes needed to stabilize the market, which was disrupted in 2018 when the NFA allowed the depletion of its inventories, which poor consumers and calamity zones rely on.
NFA Administrative Assistant and chairwoman of the agency’s committee on government-to-government (G2G) procurement Maria Mercedes G. Yacapin told reporters: “We want to evaluate (the auction result) and report to the council for necessary direction.”
According to Ms. Yacapin, the reference price set of the NFA is based on the agency’s study of world prices.
“This is based on our study on the trends of the international market. We do our own world market monitoring of prices,” Ms. Yacapin said.
Asked about adjustments to the delivery period of the rice which was originally set for Dec. 15, Ms. Yacapin said: “We will know later, because when we review, we just do not review one thing. We review everything — the price, the delivery schedule.”
Meanwhile, an open tender for the remaining 500,000 MT of rice is scheduled for Nov. 20. — Reicelene Joy N. Ignacio

Maternity bill bicam process stalled by improper insertions

THE House of Representatives and the Senate on Monday reconvened their bicameral conference committee session on the expanded maternity leave bill following the discovery of improperly inserted tax exemption and appropriations provisions.
Senate Majority Leader Juan Miguel F. Zubiri said some provisions were inserted during the bicameral conference committee, which the Department of Finance (DoF) and the Department of Budget and Management (DBM) objected to.
“During the bicam, there was a provision inserted that added appropriations and tax exemptions which was objected to by the DoF and DBM. Those were not approved by both chambers in plenary,” he told reporters in a mobile phone message, without providing details.
In a statement, Senator Risa N. Hontiveros-Baraquel, who chairs the Senate committee on women, children, family relations and gender equality, said the bicameral conference committee will take into consideration the comments of the DoF regarding the proposed measure.
“We will review the law once again so that we truly ensure its quality before we transmit it to the Executive branch,” she said.
The bill passed the bicameral conference committee in October with both the House and Senate panels agreeing to 105 days of leave for qualified workers. An additional 15 days of leave credit was also be given to solo parents.
“The Department of Finance wanted the bill to be clear that there will be no appropriation measure because it only provides the ceiling of SSS (Social Security System) for maternity benefit at P16,000 for women earning minimum wage and below,” Ms. Baraquel told reporters.
“The advocates have allowed us to consider the concerns the Department of Finance that is not really the heart and soul of the bill,” she added.
She expressed confidence that the bill will be signed into law by the end of the year. — Camille A. Aguinaldo

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