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Bell & Ross BR V2-94 R.S.18

Bell & Ross BR V2-94 R.S.18
TO celebrate the return of Formula One to France (at the historic Paul Ricard circuit) this year, Bell & Ross brought out a special rendition of its Vintage model. Called BR V2-94 R.S.18, this chronograph watch honors both Bell & Ross’s partnership with the Renault Sport Formula One Team and the 2018 French Grand Prix via unique details — like a black rubber strap stamped with the French flag, and the black and yellow livery of Renault Sport. Additional red detailing highlights the 30-minute register, and the watch’s dial is fashioned from carbon-fiber, a material extensively used in motor racing. The watch is limited to 999 pieces.
MOVEMENT: Calibre BR-CAL.301 (ETA 2894-2 base) self-winding chronograph with 42-hour power reserve
CASE: 42-millimeter satin-finish and polished stainless steel, carbon-fiber dial, 100-meter water resistance, domed sapphire crystal, crystal case back
BRACELET: Calfskin leather strap with carbon-fiber pattern and yellow stitching, or three-link metal bracelet (both have a steel folding clasp)

Dashboard (07/11/18)

Lamborghini UrusLamborghini Urus gets Robb Report nod

THE new Lamborghini Urus was named MVP SUV in Robb Report Best of the Best 2018 awards, Lamborghini Manila said in a statement.
It added the US luxury-lifestyle publication described the Urus as a “consummate crossover” which combines elements from the Lamborghini Huracan Performante and Aventador S with its own innovative engineering.
Lamborghini Manila called the Urus a “luxury SUV with super sports car dynamism,” noting the model’s “low-line coupe styling and commanding road position belie a very comfortable ride, elevated stance and a luxurious cabin fitted with the latest technologies.”
The Urus is powered by a 4.0-liter V8 with two turbochargers, making 650 hp and 850 Nm.


Isuzu Truck Fest provincial leg starts in Cebu

ISUZU Philippines Corp. (IPC) said the first provincial leg of the 2018 Isuzu Truck Fest was held on July 6-8 at a shopping mall in Cebu City.
At the event, now on its 11th year, the trucks displayed came with discounts and special financing schemes which, according to IPC, “complement” the brand’s “unmatched after-sales service and parts availability.”
“Cebu has always been among the most important and strategic market areas for IPC, being the hub of commerce and transport in the Visayas region,” Hajime Koso, president of IPC, explained the company’s choice of Cebu as the venue from where to start this year’s Truck Fest provincial series.


Black RhinoWheel Gallery extends Black Rhino promo

WHEEL Gallery, the local distributor of Black Rhino Wheels, announced it is extending indefinitely the period within which select models of the brand can be bought at discounted prices.
The promo period will run until supplies last.
According to Wheel Gallery, Black Rhino wheels sized 20 inches are packaged with premium tires suitable for SUVs and pickups. Tires offered with the wheels are Nitto NT420S All-Season, Yokohama Parada Highway Terrain and Yokohama Geolandar All-Terrain.


Hino brings Euro4 trucks, buses to Cebu

HINO Motors Philippines (HMP) said it has introduced its fleet of Euro4-compliant trucks and buses in Cebu. The company said the move aims to “address the different transportation and logistics needs in the [Visayas] region.”
The vehicles come from Hino’s 300, 500 and 700 series. Also included are the newest tractor heads in the 700 series. HMP said its Euro4 trucks and buses are “built to deliver maximum performance with less carbon footprint.”
HMP noted its dealerships in the Visayas are located in Cebu, Mandaue, Iloilo, Tacloban and Negros Occidental.


Tactical driving seminar set at firearms show

A SEMINAR titled “Introduction to Tactical Driving: Drive Like a Spy,” to be conducted by race driver Jean Pierre S. Tuason, is among the activities lined up at the 26th edition of the Defense & Sporting Arms Show, organized by the Association of Firearms and Ammunition Dealers of the Philippines, Inc. (AFAD).
The show, to be held on July 12-16 at SM Megamall in Mandaluyong City, will feature the newest in weaponry, as well as the latest in self-defense measures, AFAD said in a news release.
The group added the tactical driving seminar will include lessons on defensive driving, evading surveillance, and preventing abductions of vehicle passengers, among others.
World shooting champion Jethro T. Dionisio, president of AFAD, said other seminars — which will be conducted for free — are “aimed at enhancing an individual’s capability in handling and confronting security threats.” These include safety tips and basic self-defense, disaster preparedness, improvisation during emergencies, as well as home and office invasion counter measures.

When traffic is bad and fuel is expensive, delivery will be popular

Last week, I talked about some lawmaker’s wish to enact a bill that proposes the practice of telecommuting (or working from home). The desire is a natural offshoot of worsening traffic congestion. Stay home if you can. Stop adding to the problem. Makes sense.
Now, while most people only see bad things in this stifling situation, there are also those who recognize an opportunity to make something positive (read: make money) out of our collective quandary.
In case you haven’t noticed, the outdoor advertising business is flourishing. The billboards are bigger, brighter and more colorful than they’ve ever been. LED digital displays even show us videos while we sit helplessly in the middle of EDSA. I’m sure the sales pitch of billboard space providers to their potential clients goes something like this: “Let us help you reach the countless motorists and commuters stuck in traffic every day. They have no choice but to see your ad.”
Malls are also making a killing these days. All kinds of shops and services now flock to giant shopping centers in an effort to go where the customers are. Car companies prefer to put up pocket mall displays instead of staging one major-production event. They’re cheaper and more effective in bringing the brand and the products to the target market. Even government agencies like the LTO and the DFA have branches in malls. Heck, you can now also hear Mass after buying groceries or before watching a movie. Everything is right inside one massive commercial complex — no need to drive and endure gridlocks from one errand to another.
But one particular type of business is sure to boom in this bumper-to-bumper climate: delivery. I’m not making this up: Just before writing this very paragraph, I got a text message instructing me to collect a package from my building’s reception area. So I went down and picked up a delivery from LBC. It turned out to be just an invite from a Japanese automaker. What used to be hand-delivered by company-employed messengers or drivers are now being distributed via courier services. I have no doubt traffic has a lot to do with this. It’s more cost-efficient than dispatching their gas-guzzling service vehicle to multiple destinations (and subjecting their personnel to awkward encounters with entitled and power-tripping editors). A delivery service is professional, punctual and impersonal. Exactly how I like it.
Last week, ride-hailing company Grab Philippines unveiled a new service: food delivery. If you launch the Grab app on your smartphone (assuming it’s updated), you will see a new GrabFood tab. There, you will have wireless access to 600 establishments that offer to cook your dinner. Once you’ve placed and paid for your order, all you have to do is relax and go back to your Netflix movie while waiting for a Grab driver to bring you your large burrito and Coke Zero (like sugar-free soda is going to compensate for all the fattening ingredients stuffed inside a flour tortilla).
To be clear, food delivery is nothing new. Foodpanda has been bringing me my favorite rice toppings for years now. But when a transport network company — one that can’t even sort out the many problems confronting its taxi service — starts doing it, you have to believe that there is serious money to be made from fetching grub for lazy people. Especially in an environment where traffic is bad and fuel is expensive.
Incidentally, Grab also launched its grocery delivery service in Singapore this week. You can bet your annual budget for chips and dips that Grab Philippines is likewise preparing to introduce it in our territory. Imagine not having to shed your bathrobe in order to replenish the refrigerator. All for a fee, of course. But who cares? At least you won’t have to crawl through traffic, pay for fuel and parking, and miss the Wimbledon or World Cup championship match.
Delivery service will only get more popular as motor-vehicle traffic gets worse. And it won’t be just for food, groceries and event invitations. Soon, somebody will offer to bring you other essentials just to spare you the trouble of driving in heavy traffic. Like medicine, clothes, maybe even a romantic partner. But the last one is probably illegal.

Duterte violates ‘moratorium’ on criticisms against church

By Arjay L. Balinbin, Reporter
A day after he agreed to a moratorium on his statements about the Catholic Church, President Rodrigo R. Duterte on Tuesday, July 10, rehashed his widely-criticized remarks, stressing anew that his “God is not stupid.”
Presidential Spokesperson Harry L. Roque, Jr. said last Monday that the President, during his meeting with Davao Archbishop and Catholic Bishops Conference of the Philippines (CBCP) president Romulo G. Valles, “agreed to a moratorium on statements about the church.”
The meeting between Mr. Duterte and the Catholic Church leader took place a couple of hours after the CBCP issued a pastoral letter urging the faithful to join them next week in a three-day prayer and fasting for “those who have blasphemed God’s Holy Name, those who slander and bear false witness, and those who commit murder or justify murder as a means for fighting criminality in our country.”
In his speech in Pampanga on Tuesday evening, Mr. Duterte said: “There is a separation of powers, why are you f***ing the name of the Lord against me?”
He also said, “When you use God to say that I’d go to hell, you know my God never created hell. Because if he created hell, he must be stupid God. My God is not stupid to create man just to burn him in hell… I do not believe in heaven because if I do, only a fraction of you in this crowd will ever enter in heaven…”
In a media interview after his speech, Mr. Duterte confirmed that he agreed during his meeting with Mr. Valles that he will no longer talk about the Church and God.
“Yeah, [but] I’m not attacking the Church. What I said was if you use religion as a format, I was not referring to any religion, kasi marami naman dyan (because there are many) Christian Evangelists meron gusto akong kausapin (there who want to talk to me). Dahil dyan (Because of that,) I cannot mention their name(s). They wanted to see me. But if it is matter of me asking for forgiveness, forget it. As a matter of principle, I will not and I can burn in hell if it is true,” he said.

Duterte approves P3.757-trillion proposed national budget

By Arjay L. Balinbin, Reporter
President Rodrigo R. Duterte and his Cabinet approved last Monday, July 9, the proposed P3.757-trillion national budget.
Kahapon po ay na-approve po ng Gabinete iyong ating budget for 2019 – at ang ating budget po ay 3.757 trillion (Yesterday, the Cabinet approved our budget for 2019, and our budget is P3.757 trillion),” Presidential Spokesperson Harry L. Roque, Jr. said in a press briefing in Indang, Cavite on Tuesday, July 10.
Mr. Roque also said: “Ang major expense po natin ay (Our major expenses are): personnel services, P1.185 trillion (31.5%); maintenance expenditures, P562.9 billion (15%); capital outlays, P752.7 billion (20%); allotment to local government units (LGUs), P640.6 billion (17.1%); support to government-owned and controlled corporations (GOCCs), P187.1 billion (5%); tax expenditures, P14.5 billion (0.4%); and debt burden which is 414.1 billion (11%).”
In a text message to reporters on Tuesday, Budget Secretary Benjamin E. Diokno said, “The 2019 budget amounting to P3.757 trillion was approved by President Duterte and the Cabinet in a marathon meeting last night that ended until 2:00 a.m.”
He also said the budget “will be 19.8% of the gross domestic product (GDP).”
The proposed 2019 cash-based budget is slightly less than the P3.767-trillion obligation-based budget this year.
The 2019 national budget is the first appropriation to be cash-based, whereby allocations can be disbursed only within the fiscal year, while an obligation-based budget allows implementing agencies to disburse funds over two years.
The Department of Budget and Management (DBM) had said that it targets to submit the proposed 2019 budget to Congress on July 23, the day of Mr. Duterte’s mid-term State of the Nation Address (SONA).

BPI aims to increase number of clients who access its digital channels

Bank of the Philippine Islands (BPI) said it plans to double the number of its clients who use its electronic channels in the next five years as it ramps up its digitalization push.
In a statement Tuesday, July 10, the Ayala-led bank said it aims to raise the number of clients who access the lender through digital means to 72% of its customers in the next five years from the current 36%.
“Electronic banking is fast becoming a standard in the Philippines, as it is globally. We want our clients to experience the same level of service through our electronic channels,” Joseph Albert L. Gotuaco, BPI retail client segment group head, was quoted as saying in the statement.
The lender’s electronic platforms include its website, mobile application as well as over 3,000 electronic teller machines (ATMs) and cash accept machines (CAMs).
“They are just as safe and reliable as our traditional branches,” Mr. Gotuaco said.
BPI added that many of its banking transactions can now be done through electronic means.
BPI, the third-largest bank in the country in asset terms, booked a net income of P6.25 billion in the first quarter, flat from the profit posted in the same period last year, due to lower trading gains.
On Tuesday, BPI shares rose to P91 apiece by 2.25% or P2 from its previous close of P89. — Karl Angelo N. Vidal

Palace backs bill seeking to create disaster response agency

President Rodrigo R. Duterte and his Cabinet “approved” last Monday, July 9, the proposal to create a new department on disaster resilience, Malacañang said.
“Palace will also draft an executive bill on the creation of this new department to be submitted to Congress… Target na maisabatas ay (The target is to sign this into law) within the year,” Presidential Spokesperson Harry L. Roque, Jr. said in a phone interview with reporters on Tuesday, July 10.
He added: “Gusto daw kasi ng Pangulo na iisa lang ang tututok sa mga disaster/calamity response and the like.”
(The President wants that there should only be one department to focus on disaster and calamity response.)
In August 2017, Albay Representative Joey S. Salceda filed House Bill 6075, which seeks to the create the Department of Disaster Resilience (DDR) to seeking to create an independent agency that will handle the country’s disaster preparedness and emergency management.
According to a press brief posted on the House of Representatives website, there are seven other House bills relating to disasters. As such, the House committees on government reorganization and national defense and security have jointly formed a technical working group (TWG) that will harmonize eight bills.
As for the budget allocation, Mr. Roque said: “Paglalaanan ng sariling budget ang department pero hindi pa sya kasama sa 2019 proposed budget.”
(The department will have a budget allocation, but it will not be included yet in the proposed budget for 2019.)
He also said: “Maaring hugutin sa contingency fund na around P30B ang nakalaan sa 2019.” (The budget can be taken from the contingency fund of P30 billion in the proposed 2019 budget.)
Also in his press briefing in Indang, Cavite on Tuesday, Mr. Roque said the Philippine government will extend help to the victims of typhoon in Japan.
Kinukumpirma ko rin po nagkaroon ng desisyon na magpadala po ng tulong sa bansang Japan dahil nga po nasalanta sila ng walang tigil na ulan. Ang tulong po is, pagpapadala ng mga enhinyero at saka mga doktor at ng gamot. Wala pa pong halaga, at si Secretary Alan Peter Cayetano po ang magpapadala ng mensaheng ito sa Ambahador ng Japan,” Mr. Roque said.
(I confirm that there is a decision to extend help to Japan for the typhoon victims there. We will send engineers, doctors, and medicines. There is no exact amount yet, and Foreign Affairs Secretary Alan Peter S. Cayetano will relay the message to the Japanese Ambassador.) — Arjay L. Balinbin

PSEi buoyed by Wall Street gains

Local equities climbed on Tuesday, July 10, tracking the positive finishes of its global counterparts.
The bellwether Philippine Stock Exchange index (PSEi) firmed up 0.65% or 46.67 points to 7,233.29 on Tuesday, while also slightly recovering from a thin value turnover in the previous session. The broader all shares index likewise gained 0.64% or 28.14 points to 4,413.44.
“Positive momentum from strength in the US markets last night helped prop up the local index today…The Dow Jones notably gained 320 points last night to close above its 50-day moving average for the first time in a few weeks (a positive sign in technical analysis) on the back of strong economic data amid trade war fears,” Papa Securities Corp. Trader Gabriel Jose F. Perez said in an email.
Wall Street rallied on Monday, lifted by the financial and services sectors after the release of strong economic data, allaying fears of the rising trade war between the United States and China.
The Dow Jones Industrial Average soared 1.31% or 320.11 points to 24,776.59, while the S&P 500 index rose 0.88% or 24.35 points to 2,784.17. The Nasdaq Composite index also posted an uptick of 0.88% or 67.82 points to 7,756.20.
Most Asian indices mirrored Wall Street’s positive performance, as fears of the trade war took a back seat. Japan’s Nikkei 225 was up 0.66% or 144.71 points to 22,196.89, while the MSCI AC Asia Pacific jumped 1.17% or 1.91 points to 165.82.
Back home, all sectors ended in positive territory, led by financials which jumped 1.24% or 21.95 points to 1,795.96. Industrial went up 0.67% or 68.45 points to 10,299.50; services rose 0.52% or 7.34 points to 1,419.08; mining and oil added 0.45% or 42.75 points to 9,603.02; holding firms ended 0.39% or 27.48 points higher to 7,078.34; while property inched up 0.1% or 3.6 points to 3,556.73.
Some 5.06 million issues switched hands, valued at P5.06 billion, much higher than the P3.38-billion turnover seen in the previous session.
Advancers outpaced decliners, 113 to 73, while 54 issues were unchanged. Eleven of the 20 most actively traded stocks rose on Tuesday, led by Metropolitan Bank & Trust Co., which added 1.4% to P68.80 each, and Ayala Corp., gaining 2.04% to P924 apiece.
Foreign investors remained in a net selling position, albeit thinner at P509 million compared to Monday’s P730-million net foreign outflows. — Arra B. Francia

NEA, DICT working together to bring broadband connectivity to rural areas

The National Electrification Administration (NEA) and the Department of Information and Communications Technology (DICT) have started exploring arrangements to bring broadband connectivity into the countryside by tapping the existing infrastructure of the electric cooperatives.
In a statement, NEA Administrator Edgardo R. Masongsong said he had met with officials of DICT headed by Acting Secretary Eliseo M. Rio, Jr. and Undersecretary Denis F. Villorente on expanding broadband access to households in urban areas.
NEA quoted Mr. Rio as saying that the discussion “is very important because NEA has already access to 95% of households, especially in rural areas.”
He added that the ECs supervised by the NEA can be internet service providers (ISPs) in their respective coverage areas.
“We’ll give you the internet access and you can bring it to your client. Then, they can now enjoy their electricity and they have internet access. This is also an added income,” Mr. Rio said.
Mr. Masongsong said the meeting is a welcome development as he expressed the state-run agency’s support for the government’s National Broadband Plan.
“We will support the National Broadband Plan of the government. We will work hand-in-hand and we will take care of the electric cooperatives,” he said. — Victor V. Saulon

Electric vehicle sales continue growing thanks to public, private initiatives

Electric vehicle (EV) sales this year will continue growing thanks to ongoing public and private initiatives — including putting up support infrastructure and enacting policies that back the industry’s growth — the head of the country’s main EV group said.
“Are EVs finally taking off? Without a doubt,” Rommel T. Juan, president of the Electric Vehicle Association of the Philippines, told participants of the 6th Philippine Electric Vehicle Summit in Pasay City.
Mr. Juan said, based on a study by consulting firm Frost & Sullivan, global electric car sales last year exceeded the one million mark, ending the year with 1.2 million units sold. Battery electric vehicle made up the majority of sales.
This year, global sales are expected to reach 1.6 million units, and the number of public charging stations will reach 100,000, he said, citing the study.
“There are now 3.3 million electric cars in use around the world. China and Europe together make up about 75% of the global EV market,” he said.
Among the private firms supporting the growth of electric vehicles in the country is Unioil Petroleum Philippines, Inc., which last month launched its second electric vehicle charging station in Metro Manila, with plans for 10 more to be put up before the end of the year.
In the public sector, Senator Sherwin T. Gatchalian, Senate energy committee chairman, said his office is currently finalizing legislation to promote the entire e-vehicle ecosystem, “from charging stations, to the usage, all the way to importation and even manufacture of e-vehicles in our country.”
According to Mr. Gatchalian, demand for these vehicles will see major growth as soon as they become more affordable, citing studies that show e-vehicle prices matching those of traditional cars by 2025. — Victor Saulon

Passing of universal healthcare bill ‘urgent’, Duterte says

President Rodrigo R. Duterte has certified the Universal Healthcare Bill as an urgent measure, presidential spokesperson Harry L. Roque, Jr. said on Tuesday.
“I am very pleased to announce that our pet bill when we were in Congress, Universal Health Care, which we sponsored and defended in the lower house was certified urgent by the President,” he said at a press briefing in Indang, Cavity.
The Universal Healthcare Bill provides for the automatic inclusion of all Filipinos under the National Health Insurance Program of the Philippine Health Insurance Corp. (Philhealth).
The proposed measure remained pending at the Senate committee level while its counterpart measure in the House of Representatives passed on third and final reading last September 2017.
It has been identified as among the priority bills of the Legislative-Executive Development Advisory Council (LEDAC).
A bill certified urgent by the President will allow Congress to pass the proposed measure on second reading and third reading on the same day.
In a statement, Senator Joseph Victor G. Ejercito, chair of the Senate committee on health, vowed to pass the measure when Congress resumes session on July 23.
“I view universal health care as an integral to our anti-poverty drive,” he said. “Ensuring good health for Filipinos is crucial to economic development as because ensuring the well-being of all Filipinos means that they can be more productive, which further means they can better overcome poverty.” — Camille Aguinaldo

VP Robredo ready to lead the opposition in upcoming elections

Vice President Leni G. Robredo on Tuesday said she is ready to take on the role as the leader of the opposition groups planning to unite for the upcoming 2019 midterm elections.
At a press briefing in Quezon City, Ms. Robredo, who also chairs the Liberal Party, said she has been an opposition leader for quite some time, citing the instances where she voiced her statements against the policies of the Duterte administration. This time, she said she wants to be the voice of the opposition groups united in dissent.
“Matagal naman na tinake-on ko yung role na yun.” Ms. Robredo said. “Pero this time dati kasi iba-ibang grupo ang gumagalaw… Maraming grupo pareho ang paniniwala, grupo na pareho naman yung issues na gustong salungatin pero dahil hindi nag-uusap-usap hindi napapag-isa ‘yung boses.
“At yun yung role na gusto ko itake na siguraduhin na yung mga boses nagkakaisa ay lalong mapagisa para lalong mapakinggang,” she said. “Siguraduhin yung mensahe na gustong ipaabot, mas maintindihan.”
“Maraming mga kababayan nagsasabi sa akin na kailangan ng leader. Parati ko sinasabi yung sa atin, obligasyon natin lahat na ipaabot yung saloobin natin, obligasyon nating sumalungat kapag kailangan sumalungat,” she added.
“Pero it is becoming apparent na mas malakas loob ng ibang magboses pag merong sinasandalang grupo na pareho yung paniniwala sa kanya,” Ms. Robredo said. “At yun yung role ko na pag-isahin yung mga boses na yun.”
Senator Francis N. Pangilinan, president of the Liberal Party, earlier said he hoped to build a coalition of groups and individuals united against the policies of the Duterte administration, especially on the issues of extrajudicial killings and human rights abuses.
He said the “resistance coalition’s” bets for the 2019 senatorial election included Senator Paolo Benigno A. Aquino IV, former Quezon Rep. Lorenzo R. Tanada III, Free Legal Assistance Group (FLAG) chairman Jose Manuel I. Diokno, Magdalo partylist Rep. Gary C. Alejano, and former Akbayan partylist Rep. Ibarra M. Gutierrez. — Camille Aguinaldo