MANILA, Philippines – Achieve that mastery of spoken English – be it British English or American English. When you enroll at the Center for Global Best Practices pioneering seminar-workshop, “Master Class on English Pronunciation and Effective Presentation,” they will teach you how to speak using the global English standard: with correct phonology, accurate diction, proper enunciation, and precise articulation. The superiority and your confidence in speaking in English comes with your awareness and practice that you are saying it the right way. You will also learn presentation best practices that can transform you to become a more effective speaker. This new program is scheduled on Sept. 1 and 2, 2016 at the EDSA Shangri-La Hotel, Mandaluyong City. This unique program will feature professor Louie Agnir-Paraan Ph.D.,the course director and lecturer of best practices communication programs of CGBP. She took her doctorate degree at the University of the Philippines in Diliman majoring in English Studies where she garnered the highest grade of 1.04 and was awarded the outstanding dissertation. She earned her Masters in Language and Literature at the University of the Philippines in Baguio where she graduated with a 1.01 GPA. She also has a master’s degree in Educational Psychology from UP Diliman. Her AB in Philosophy was also earned at UP Diliman. She graduated high school at the International School of Kuala Lumpur where she was the first Asian and first woman editor-in-chief of the school paper. For more details about this program and other upcoming best practices seminars Read More …
MANILA, Philippines – Chemical distribution firm SBS Philippines Corp. saw its net income surge to P910.7 million in the first half, buoyed by one-time gains from the disposal of its real estate investments. Net sales reached P517 million, up 12.8 percent year on year. Operating profit rose 18.9 percent to P113 million, driven by organic revenue growth, significant drop in finance charges on account of substantial debt pay downs, lowered operating expenses and higher income contributions from non-core assets. The strong sales performance was attributed to strong volume growth in cosmetics and pharmaceutical raw materials, feeds, and industrial chemical segments as SBS delivered on its strategy to increase market penetration and grow its business volumes through increased sales activities in these segments. Food ingredients continue to account for the bulk of the company’s sales at 35 percent, followed by industrial (32 percent), feeds (22 percent), and raw materials pharmaceuticals and cosmetics (11 percent). SBS president and CEO Gerry Tan said robust economic growth also contributed to the firm’s strong performance. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “The robust growth in the Philippine economy and the greater reliance of chemical manufacturers on third party distribution channels to access local customers continue to support our double-digit growth momentum for the year,” Tan said. Tan said the company was able to pare down net debt to P373.7 million in the first half as the excess cash was used to reduce debt consisting mainly of short-term liabilities. Necisto Sytengco, SBS chairman Read More …
MANILA, Philippines – Filipino-owned Starlite Ferries launched last week the latest addition to its fleet of 15 modern roll-on, roll-off (ro-ro) vessels at the Batangas Port, boosting its efforts to modernize inter-island travel in the country. The brand-new M/V Starlite Saturn, built by the Kegoya Dockyards in Kure near Hiroshima, Japan, is equipped with the latest state-of-the-art amenities, including CCTV cameras and a helipad for emergency medical evacuation, among others. Starlite Ferries president Francis Cusi said the new vessel follows the customized design of the three earlier ro-ro units. The company has ordered an initial seven ships from Japan, with eight more to be custom-built later. M/V Starlite Saturn has a service speed of 13.5 knots or nautical miles per hour. The 2,700-gross ton ship can ferry 711 passengers and 20 drivers in bunk comfortably on its upper decks and up to 21 buses in its hold. Unlike the second-hand ships now plying Philippine seas which were built for sailing in Japan’s calm inland seas, Starlite’s Saturn and other vessels in the Batangas-based shipping company’s fleet are designed to navigate the country’s open sea routes and seasonal rough waters. Starlite Ferries is a 100-percent Filipino-owned company that started operations in 1995 with its first route, Batangas-Calapan (Mindoro). To date, Starlite has brought convenience to Filipino sea travelers by opening new routes such as Roxas-Caticlan and Roxas-Odiongan, and guarantees more routes to open as they connect Luzon to Mindanao. What differentiates Starlite Ferries from other domestic shipping companies is its emphasis Read More …
The Parañaque sewer network will catch, collect and convey wastewater generated from households in nine barangays and 95 subdivisions to the company’s sewage treatment plant. MANILA, Philippines – West Zone concessionaire Maynilad Water Services Inc. is investing P3.7 billion for a sewer network in Parañaque City, as part of efforts to expedite the provision of sewerage and sanitation services in Metro Manila. The Parañaque sewer network will catch, collect and convey wastewater generated from households in nine barangays and 95 subdivisions to the company’s sewage treatment plant. It will also ensure the proper removal of harmful elements from the wastewater and protect community health and the environment. The project involves the laying of about 65 kilometers of sewer pipes. As of last month, Maynilad had already laid around 16 kilometers of sewer pipes. “Laying new wastewater infrastructure is in line with our mandate to help reduce pollution loading into river systems,” Maynilad president and CEO Ramoncito Fernandez. Funded by the Development Bank of the Philippines and Japan International Cooperation Agency, the project is targeted for completion by the third quarter of 2017 and will benefit more than 500,000 customers. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Meanwhile, the company is also in close coordination with Parañaque City’s Traffic Management Office to manage traffic flow in worksites and minimize inconvenience to motorists and pedestrians. Maynilad is investing P42 billion until 2018 to accelerate improvement and expansion of its water and wastewater services. For 2016 alone, Maynilad is allocating P13.6 Read More …
MANILA, Philippines – LT Group Inc. grew its net earnings in the first semester to P4.56 billion, 28 percent higher than the previous year. The banking business contributed 38 percent of LTG’s income or P1.73 billion while the tobacco business comprised 32 percent or P1.45 billion. PNB reported a net income of P4.42 billion, up eight percent year on year. Equity in net earnings from the 49.6 percent stake in PMFTC Inc., the partnership between Fortune Tobacco and Philip Morris, reached P1.4 billion, significantly higher than the P420 million recorded a year earlier. The conglomerate attributed this to the change in mix of PMFTC’s sales, with premium Marlboro accounting for a higher share of total volume. LTG said that while there is some improvement, illicit trade continues to affect the overall profitability of the tobacco business. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Asia Brewery Inc. (ABI) was also a significant contributor to total earnings, making up P720 million or 16 percent. Tanduay Distillers Inc. (TDI) added P444 million or 10 percent. ABI’s Cobra energy drink, Absolute and Summit bottled water, Tanduay Ice alcopop and Vitamilk soymilk continue to be market leaders, LTG said. “The exceptionally hot summer and some impact from election-related spending resulted in the growth in volumes of ABI’s products. In late May, the company signed a joint venture agreement with Heineken for the beer business,” LTG said. TDI reported a 148 percent jump in net profit to P444 million as revenues grew with the Read More …
Listed technology firm MANILA, Philippines – Xurpas Inc. grew its first half net income 15 percent to P132.51 million, driven by the continued growth of its digital products and services. The company registered revenues of P736.09 million, up 136 percent year on year. Excluding non-recurring expenses related to its ongoing expansion, the firm’s core net income grew 18 percent to P136.08 million. Xurpas president and COO Raymond Racaza said the company would continue to expand its games and products. “To say we are excited about what lies ahead is a huge understatement. We continue to aggressively expand our enterprise business, but also remain extremely bullish about the prospects for our mobile consumer segment. We are looking forward to bring our next family of games and products to the market,” Racaza said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Enterprise services surged 1,113 percent to P308.87 million due to the full effect of the acquisition of Yondu Inc. The amount accounted for 42 percent of the company’s first half revenues. This reflects management’s commitment to develop multiple sustainable revenue streams, while continuing to build on it’s core business, Xurpas said. On the other hand, mobile consumer services demonstrated continued its upside potential, delivering P397.04 million in revenue, or a 63 percent increase from the same period last year. Racaza said the company has not yet fully utilized the P1.2 billion proceeds from an overnight top-up placement made in April. “We are not yet done optimizing our avenues for growth, Read More …
“We envision the store to be a place where people can re-enact scenes from their favorite shows, where they can come to regularly interact with our stars, and where they can find new ways to experience everything ABS-CBN has to offer,” ABS-CBN president and CEO Carlo Katigbak said during the 23rd National Retailers Conference and Expo. MANILA, Philippines – Media and entertainment firm ABS-CBN Corp. will open an experience store that will allow individuals to be part of their favorite television programs as part of efforts to further grow its consumer business. “We envision the store to be a place where people can re-enact scenes from their favorite shows, where they can come to regularly interact with our stars, and where they can find new ways to experience everything ABS-CBN has to offer,” ABS-CBN president and CEO Carlo Katigbak said during the 23rd National Retailers Conference and Expo. The experience store is meant to allow the company to connect to viewers amid rising digital consumption. ABS-CBN’s consumer businesses account for P17 billion in annual revenues, or 45 percent of the company’s total revenues. The bulk or 55 percent comes from advertising. ABS-CBN’s consumer business is composed of subscription, ticketed experiences, and durable goods. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The subscription business, which includes cable and broadband provider SKY, The Filipino Channel, and ABS-CBNmobile, is the largest contributor to the company’s consumer sales. Accounting for the second biggest share in consumer sales is the ticketed experiences category Read More …
“That website will be interactive. Everything will be made transparent. We’ll be doing, either big or small companies, DENR Secretary Gina Lopez said. ABS-CBN PR/File/Released MANILA, Philippines – The Department of Environment and Natural Resources (DENR) is set to come out with a website where all audit findings concerning mining companies will be made public, its top official said. “That website will be interactive. Everything will be made transparent. We’ll be doing, either big or small companies, DENR Secretary Gina Lopez said. Apart from mining permits issued to companies, all the environmental compliance certificates will also be subjected to audit and review. We will not be selective,” she added. Lopez also plans to put up her own blog to document and discuss the audit being done by the department, as well as other activities of the DENR. She reiterated the DENR would not hesitate to shut down all mining operations that will be found to have violated environmental and health and safety laws and regulations. “If you break the law, you face the consequences of breaking the law. Whatever the law says that’s what we should follow. If you break the law, there are penalties,” Lopez said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 So far, the DENR has suspended operations of 10 mining companies. The three which were recently suspended include the Bulacan-based Ore Asia Mining Development Corp., and Mt. Sinai Exploration Mining and Development Corp. and EMIR Mineral Resources Corp. both in Homonhon, Eastern Samar. Ore Read More …
Electricity rates will drop to P8.50 per kilowatthour in August, Meralco said. Meralco/Released MANILA, Philippines – Meralco announced that the residential rate for a typical household will go down this August by around P0.11 per kilowatthour (kWh), bringing it down to P8.50 per kWh. This translates to a reduction of around P22 in the electricity bill of a household with monthly consumption of 200 kWh. The reduction is due to the downward movement in the generation charge, which more than offset a higher transmission charge. This month’s overall rate is lower by P0.62 per kWh compared to August 2015’s P9.12 per kWh. Meralco also responded to President Rodrigo Duterte’s call to provide electricity to marginalized households through an ongoing partnership with the Department of Energy and the National Housing Authority. To further help its customers manage their electricity consumption, Meralco’s prepaid electricity service will be available to residents of Makati, Mandaluyong and Pasig starting October 2016. With the support of the Energy Regulatory Commission, Meralco continues to deploy its prepaid service in more areas. For more information, watch this month’s Meralco Advisory:
COCONUT product exports in the first half of the year declined by 23.2% after production volumes suffered as a result of El Niño, the industry association said.