Saturday, November 1st 2014

section dividers-topnews

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Local economists backed the Bangko Sentral ng Pilipinas’s (BSP) view of a tamer inflation in October that is expected to push the central bank’s implementation of another tightening measure no earlier than in the first quarter of 2015. Economists polled by the BusinessMirror showed a median forecast of 4.2-percent inflation...

2
DEPOSITS ripped off due to automated teller-machine (ATM) fraud rose 26 percent, from P175 million in 2012 to P220 million in 2013, according to a legislator. Rep. Roman Romulo of Pasig City said depositors lost a total of P400 million in 2,872 cases of ATM fraud, mainly card-skimming, from 2012...

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THE Bangko Sentral ng Pilipinas (BSP) said private banks have adequately served the requirements of overseas Filipino workers (OFWs), downplaying the need to establish an OFW bank. BSP Governor Amando M. Tetangco Jr. said private banks offer a host of loan, deposit and other banking services especially geared toward OFW...

3
China’s manufacturing slowed further last month, as a property slump and slowdown in investment growth put the world’s second-largest economy on course for the slowest full-year growth since 1990. The government’s Purchasing Managers’ Index (PMI) was at 50.8 in October, trailing the 51.2 median estimate of analysts in a Bloomberg...

2
IN the latest plunder charge that has the media buzzing—this one, against Senate President Franklin M. Drilon and involving the Iloilo Convention Center (ICC)—there is one thing that stands out: Hillmarc’s Construction Corp.—the contractor that built that controversial Makati City Hall II parking building, for which Vice President Jejomar C....

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ALL countries, except the absolutely poorest ones, can make everything they need. To be sure, they’re advised by the rich-controlled World Trade Organization (WTO) to buy those things they need abroad instead, if they are already available, because that is the cheapest. It is not, of course. Still, when you come...

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THE Philippines must work harder to diversify its growth drivers for sustainability so as not to miss the chance to be attractive to foreign investors again, a government official said. At the sidelines of a recent briefing in Makati City recently, Socioeconomic Planning Secretary Arsenio M. Balisacan said the Philippines—due...

2
The Insurance Commission (IC) is working on the framework of micro-health insurance products which seeks to extend health-care coverage, especially to the marginalized sectors of society. Insurance Deputy Commissioner Dorothy  Calimag said they are in the process of meeting with government agencies to be able to craft the regulatory framework...
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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...

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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....

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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...

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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...

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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...

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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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CHICAO—This Bulls-Cavaliers rivalry is going to be something. Friday’s home opener at the United Center produced the agonizingly familiar sight of Derrick Rose sitting in the locker room during the fourth quarter and overtime. It also produced some spectacular basketball. The Cavaliers prevailed, 114-108, in overtime thanks to LeBron James’s 36 points...

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THE Samahang Basketbol ng Pilipinas (SBP) did not impose a deadline for the search and selection committee to come up with a short list of candidates for the Gilas Pilipinas coaching job. But for SBP Executive Director Sonny Barrios, he would want it sooner. “There is no timetable but hopefully the...

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SAN Miguel Beer tries to keep pace with league-leader Alaska, as it shoots for its third straight win against Barako Bull in the Philippine Basketball Association (PBA) Philippine Cup on Sunday at the Smart Araneta Coliseum. The Beermen and the Energy clash at 3 p.m. with the former hoping to...

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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...

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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...

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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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section dividers-life

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THE success of (the luxury goods conglomerate) LVMH is based on a strategy that combines timelessness and extreme modernity to create its products. I hope that the same spirit lives on in this foundation,” said Bernard Arnault, billionaire CEO of LVMH Louis Vuitton during the creation of its corporate...

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GAY. Bakla. Bading. Badinger Z. Zombading. Lesbians. Lesbos. Tunggis. Tunggril. Transgender. Transexual. Tranny. Trans. Homosexuals, or what some people refer to as the “third sex,” are the only sex that has the most terms (pejorative or otherwise) and subsets to describe their gender preference or state of transition. (In contrast,...

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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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section dividers-motoring

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...

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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-green

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...

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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...

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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...

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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...

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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...

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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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