Saturday, November 1st 2014

section dividers-topnews

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Growth in the supply of money in the financial system, also called M3 by economists, slowed significantly in September to only 16.2 percent from 18.3 percent in August, the Bangko Sentral ng Pilipinas (BSP) said on Friday. The deceleration capped seven months of carefully calculated monetary-policy adjustments designed to ensure...

7
The US economy powered its way to a solid annual growth rate of 3.5 percent from July through September, outpacing most of the developed world and appearing on track to extend its momentum through this year and beyond. The result isn’t a fluke. It turns out the world’s biggest economy did...

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Government Service Insurance System (GSIS) President Robert Vergara, keen to shore up returns at the Philippines’s biggest state pension fund as bond yields slump, is considering selling paintings hanging at the national museum. The GSIS may put around 100 works by Philippine artists, including Juan Luna and Fernando Amorsolo, up...

6
Malacañang is counting on Congress to approve the final version of the P2.6-trillion 2015 budget bill before lawmakers go on Christmas vacation, despite protests by minority members that the annual money measure okayed by the House on Wednesday was legally flawed. The budget bill bears questionable insertions not fully discussed in...

6
Emerging Asian nations are finding out what developed ones did years ago: Money—and the stuff it buys—brings happiness, or at least satisfaction. Levels of self-reported well-being in fast-growing nations like Indonesia, China and Malaysia now rival those in the US, Germany and the United Kingdom, rich nations that have long...

7
The Philippines and the World Bank have signed a $300-million Development Policy Loan that will be used for infrastructure, social projects and in improving the country’s regulatory processes. Finance Secretary Cesar V. Purisima announced that he had signed the World Bank’s Third Development Policy Loan (DPL 3) on October 14...

7
As the Philippines surged 53 notches in the Ease of Doing Business report of the World Bank (WB) and International Finance Corp. (IFC) from 2011 to 2015, both public and private sectors are increasing their efforts to achieve the country’s goal of getting in the upper third of the...

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IN late November 2008 the United States’s central bank, the Federal Reserve (the Fed), began a quantitative-easing (QE) program by buying $800 million of primarily bad housing mortgages. These mortgages were bought from banks in order to keep them from going out of business. Since then, the Fed has purchased...
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Business News

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DOUBLEDRAGON Properties Corp. on Friday said it raised P7.4 billion from the issuance of seven-year fixed-rate corporate notes, proceeds of which will be used for its development projects. The company said that as a result of strong institutional demand, it increased the offering from the original amount of P6.5 billion. “We...

9
KOREA Water Resources Corp. (K-Water) on Friday paid the government P19.66 billion, paving the way for the official turnover of the 218-megawatt (MW) Angat Hydroelectric Power Plant (HEPP), which was once owned by the Philippine government. “They remitted to us P19.662 billion. It was credited to PSALM Corp....

7
THE Energy Regulatory Commission (ERC) on Friday released a resolution that further extends the imposition of a price cap at the Wholesale Electricity Spot Market (WESM) to shield consumers from sustained high-market prices due to the expected tight power-supply situation and frequent plant outages. “Pending the determination of a new...

7
LEPANTO Consolidated Mining Co. on Friday said it expects to raise some P1.58 billion from its stock-rights offer, which it will start conducting next month. The company said in its disclosure to the Philippine Stock Exchange that it will start its offer period on December 10 through December 16, with...

8
THE assertion of the Philippine Long Distance Telephone Co. (PLDT) that contested radio frequencies held by Bayan Telecommunications Inc. (Bayantel) must undergo a public auction would further delay the corporate rehabilitation program of the cash-strapped firm, a ranking official of Globe Telecom Inc. said.  The general legal counsel of...

8
CALATA Corp. on Friday said it will invest P100 million in the joint-venture entity it will form with Dutch firm Topigs Norsvin International.  Calata said in a statement that the company will be sole operator and manager of the nucleus farm with the breeding herd from Topigs. As such, the...
section dividers-sports

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ALASKA shot the lights out of a Meralco side that seemed to have lost its power after going through two overtime victories in its first two outings this season. The Aces handed the Bolts their worst loss—a 105-64 rout—to grab the solo lead in the Philippine Basketball Association (PBA) Philippine...

7
THE Gilas Pilipinas program will remain, but it will undergo a significant upgrade. This was stressed by the Samahang Basketbol ng Pilipinas (SBP) after the federation declared the head coach’s position as vacant and put to task a search and selection committee to find a replacement for Chot Reyes. Fears...

7
ENTHUSIASM among local fans for the International Premier Tennis League (IPTL), where the world’s top tennis players showcase their skills on Philippine soil in a unique team event, has started to peak. With less than a month remaining before the matches are played from November 28 to 30 at the...

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KANSAS CITY, Missouri—Madison Bumgarner punctuated a World Series performances for the ages by pitching the San Francisco Giants to their third title in five years with a 3-2 win over the Kansas City Royals in Game Seven on Wednesday night. The big left-hander came out of the bullpen to...

20
NEW YORK—Pau Gasol scored 21 points and had 11 rebounds in his Chicago debut to help the Bulls spoil Derek Fisher’s first game as a National Basketball Association (NBA) coach by beating the New York Knicks, 104-80, on Wednesday. Reserve Taj Gibson finished with 22 points to lead the Bulls...

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IS Chot Reyes out as Gilas Pilipinas head coach? The writing on the wall hinted he is, as the Samahang Basketbol ng Pilipinas (SBP) has formed a search and selection committee that will pick the head coach of the men’s national team during the federation’s executive committee meeting on Tuesday. SBP...
section dividers-life

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NEW YORK—Almost precisely two years ago, Kristen Stewart was hunched in a dark corner of the Tribeca Grand Hotel’s restaurant, sipping a glass of white wine and relentlessly scanning the room. v There was nothing she loathed more than people spotting her, gawping and then pretending it hadn’t happened....

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ELLEN ADARNA is one of the most beautiful women in show business right now. Men have been wildly drawn to her since she arrived at the scene because of two things: her beautiful face and, yes, that formidable chest. Showbiz wags, meanwhile, have been interested in Ellen also because of two...

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YVES GARDIOL is general manager of Badrutt’s Palace Hotel, the famous resort in Saint Moritz, Switzerland. Gardiol, a 53-year-old native of Lausanne, Switzerland, has been at the Palace for a decade. How about a little background about the hotel? Saint Moritz is in the Swiss Alps, and this year marks 150 years...

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IF films die, then there must be graveyards for these deceased films. I think of horror films as dead films. There is no hope—technically—in horror films. There should be no hope in them. Or, they will not be terrifying. If there is a kind of return, a hopeful glance in...

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BEFORE Edward Snowden, the National Security Agency and Prism made headlines, a group of technologists was dedicated to making the Internet more anonymous. They were viewed mostly as paranoid, weird and potentially criminal. Now, after all the revelations of the government’s mass electronic-surveillance program, they are leaders in a movement heating...

34
MY first impressions of iOS 8, Apple’s latest update to the software that powers its iPhones and iPads, were overwhelmingly positive. I’m still enjoying the software and remain largely impressed with its new features. But iOS 8 isn’t perfect. The new software is still missing some key capabilities offered by Google’s Android...
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section dividers-property

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MANILA is a city of contrasts. The urban landscape features beautiful buildings of eras past standing side by side with the modern commercial and residential buildings of today. Manila is where the traditions and customs of old intertwine and mingle seamlessly with the fast-paced life of today. However, the urban landscape...

76
THE country’s infrastructure program recently got a big boost when Espoo, Finland-based Tekla introduced the 3D Concrete Constructible model. Andy Dickey, CIP concrete business development manager for Tekla, told the journalists that the construction software will give construction companies, engineers and contractors higher efficiency and productivity in their projects. “We...

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UNLIKE typical property-development projects, Mañosa Properties Inc. (MPI) consistently puts the Filipino touch, such as bahay-kubo and bahay na bato, in its projects to remind the Filipinos of their roots and culture. In a recent press briefing, MPI stressed that it has the end-user in mind when it develops a...

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DEEPLY rooted in understanding the needs of the Filipino family, Pro-Friends has envisioned a one-of-a-kind township community that will enable families to bond with each other. Starting with its first phase in 2007, Lancaster has evolved into a master-planned community that spans more than 1,400 hectares, covering Kawit, General Trias...

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IT has been a year since the Department of Energy (DOE) made the announcement that the Philippines will face an energy crisis anew in the summer of 2015. Citing a dearth in energy reserves, the DOE urged the Philippine government to address the impending crisis, and to start looking...

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THE public-private partnership (PPP) could help the government’s socialized-housing program succeed and, at the same time, benefit Filipinos who belong to the bottom of the pyramid through inclusive growth, said an executive of a property developer that pioneered in the development of economic housing. Willie Uy, Phinma Properties president and...
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section dividers-health

01-H&F-103014

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WHEN someone tells you breast cancer, what comes into your mind immediately?  Death sentence, that’s what.  This is especially true among women. Understandably so.  Around the world, breast cancer is the leading killer of women ages 35 to 54. More than a million develop the disease without knowing it, and...

7
In the Philippines, breast cancer is the leading cause of cancer among women, accounting for 28 percent of the total cases.  Current estimates show that one in 13 Filipinas will develop breast cancer in her lifetime. Filipino film director Marilou Diaz Abaya died of it; so did Margery Allingham, British...

8
William, who grew up in Davao City, was only 18 when he went to Metro Manila to study in one of the country’s most prestigious schools.  His parents wanted him to be a lawyer.  William was an outstanding student during his first year.  But after meeting some friends, everything...

6
Cancer of the uterus, precisely termed endometrial cancer, is the most common form of gynecologic cancer.  It is considered as the fourth most common cancer among women—after breast, cervical and lung. “The cancer usually develops after menopause,” notes The Merck Manual of Medical Information. Studies done in the United States showed that...

6
We all seem to start our day with the same grogginess, a desire for more sleep and the knowledge that no matter how hard we try, eating immediately is not appealing. We typically will hit the snooze button many times, leaving us in a daze, then simultaneously commute and eat...

5
As I watch the X Factor I notice the “unstoppable” aura that even the kids have—is it real or just “fake it till you make it” stuff? If it is real—what is it, how and where do they get it? They all seem to ooze that aura of self-confidence and self...
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