Aug 162014
 
Jonathan Yabut: One year after the ‘Apprentice’

THIS BS Economics graduate from the University of the Philippines temporarily left his work at GlaxoSmithKline to compete in Malaysia. A year after winning the toughest job interview on TV, Jonathan Yabut is still very much on “high” as he copes with his busy schedule, flying from one place to another, and living up to the expectations of his big boss. It was definitely a life changing experience for this 29-year-old marketing genius after emerging as the first winner of the “The Apprentice Asia.” Since he was a big fan of Donald Trump’s hit reality series (with franchises shown in the UK, Italy, Australia and New Zealand), Yabut tried his luck to be part of the show when auditions came to Manila. This BS Economics graduate from the University of the Philippines temporarily left his work at GlaxoSmithKline to compete in Malaysia when he was chosen as one of the 12 contenders. Lucrative contract During the show, Yabut bested other young professionals in several business tasks. He was finally “hired” by Tony Fernandes, the owner and CEO of AirAsia, who gave him a lucrative management contract to work in the company as the chief marketing officer. After the show, Yabut had to relocate and adapt to his new life in Kuala Lumpur. It was initially daunting and confusing for this Manila kid. At work, he had to run around like a headless chicken following Fernandes in all of his meetings. Fortunately, he got a “big break” when he led the Read More …

Aug 162014
 
Aquaquest franchise expands in provinces

MANILA, Philippines – GQWEST Inc. plans to expand its Aquaquest water refilling franchise outside Metro Manila as part of its plan to drive growth. A sister brand of Aquabest the country’s premier water franchise and with over a hundred stores, Aquaquest is set to grow in rural areas where potable water access remains an issue. The company’s CEO, Carson Tan, sees tremendous potential in areas outside Manila which have begun to see rapid development and urbanization. “With the Metro Manila water refilling market getting ever more competitive, it would be more practical to look at other areas where opportunities are great and competition isn’t as fierce,” Tan said. A single Aquaquest store can offer three different types of water: purified, mineral, and alkaline. While the purified water is the staple product of the store, the mineral and alkaline types of water would appeal most to people who have specific medical needs or those who need water as a health supplement.

Aug 152014
 
Stocks down on profit-taking

Philippine Daily Inquirer 12:30 am | Saturday, August 16th, 2014 Filipino traders at Philippine Stock Exchange, Makati. AP FILE PHOTO The local stock index Friday slumped for the first time in four days but stayed above the 7,000-mark amid a slew of profit-taking. The Philippine Stock Exchange index shed 52.49 points, or 0.74 percent, to close at 7,008.51. Week-on-week, the index still advanced by 128.17 points, or 1.86 percent, due to the cumulative gains made in the last four days. All counters were in the red as the recent run-up to a 14-month-high drove many investors to trim and reassess their portfolios, dealers said. On Thursday, the index finished past the 7,000 mark for the first time this year as some large cap stocks like PLDT and Ayala Land Inc. benefited from increased weights in the closely tracked MSCI indices. Value turnover for the day amounted to P9 billion. Market breadth was negative, with 55 advancers against 120 decliners, while 49 stocks were unchanged. PLDT was unchanged after the MSCI-induced rally on Thursday, but it was still the most actively traded stock for the day. AGI fell by 3.35 percent after gaming arm Travellers’ first half profit attained only 38 percent of full-year market consensus. EDC (-2.28 percent), BPI (-2.58 percent) and Megaworld (-1.16 percent) also weighed down the index. Investors also pocketed gains from BDO, Metrobank, Bloomberry, SMIC, URC. Outside of index stocks, Puregold (-8.73 percent) and Cosco (-5.52 percent) were heavily battered due to disappointing second quarter results.  Read More …

Aug 152014
 
Philippines, rebels wrap up talks on draft Muslim self-rule law

The Philippine government and the country’s largest Muslim rebel group said Friday they had wrapped up talks aimed at ensuring the terms of a landmark peace deal would be enacted into law. The Moro Islamic Liberation Front (MILF) signed the peace agreement in March, but it fell into serious question amid a row over a draft law to create a Muslim self-rule area in the south of the mainly Catholic nation. “After a series of productive meetings… we have concluded discussions on the various issues involving the draft Basic Bangsamoro Law,” President Benigno Aquino’s chief aide Paquito Ochoa and chief MILF negotiator Mohagher Iqbal said in a joint statement. The MILF has been fighting since the 1970s for an independent or autonomous homeland for the nation’s Muslim minority in a conflict which has claimed tens of thousands of lives. The Aquino government and the MILF signed an accord in March that laid out a roadmap for final peace by the middle of 2016. The deal called for MILF control of a new southern autonomous region, and the rebels would lay down their arms. However the process ran into difficulties after a draft bill creating the autonomous region was submitted to Aquino for review in April by a joint commission of MILF and government representatives that drew up the document. The president’s legal team later ordered a series of changes that frustrated the MILF, which last month accused the government of trying to renege on the terms of the peace agreement. Read More …

Aug 142014
 
JG Summit’s net profit grew by 151% to P13B in 1st half of 2014

By Doris C. Dumlao |Philippine Daily Inquirer 5:46 pm | Thursday, August 14th, 2014 SCREENGRAB from www.jgsummit.com.ph MANILA, Philippines—Gokongwei-led JG Summit Holdings Inc. jacked up its first semester net profit by 151.3 percent year-on-year to P13 billion as extraordinary items added to the growth in core earnings. Of the six-month income, P8.12 billion was achieved in the second quarter due to some foreign exchange gains, recognition of equity earnings from its new investment in Manila Electric Co. and gain on sale of shares in online recruitment website JobStreet amounting to P1.45 billion. Excluding non-recurring items, JG Summit reported that core net income increased by 30.5 percent to P10.32 billion in the first semester. Cash flow as measured by earnings before interest, taxes, depreciation and amortization rose by 31.1 percent to P24.33 billion in the first half compared to the level in the same period in 2013. Consolidated revenues grew by 17.1 percent to P88.53 billion. Equity earnings from associated companies and joint ventures increased by 323 percent year-on-year to P3.81 billion for the six-month period, primarily due to the equity earnings from Meralco amounting to P2.61 billion. For first half of 2014, total revenues of food and beverage arm Universal Robina Corp. increased by 13.5 percent year-on-year to P45.74 billion while airline unit Cebu Air’s revenues were up by 23 percent to P26.72 billion. Property unit Robinsons Land Corp. also increased revenues by 6.7 percent to P8.45 billion for the period. As of the end of June, JG Summit Petrochemicals Read More …

Aug 132014
 
PAL gets go signal to fly to Guam

By Matikas Santos |INQUIRER.net 4:07 pm | Wednesday, August 13th, 2014 MANILA, Philippines – Philippine Airlines (PAL) has expanded its flights from Philippines to Guam, a United States (US) territory in the Pacific Ocean, following the US Federal Aviation Administration’s (FAA) upgrading to Category 1 of the Philippines’ aviation safety rating. FILE PHOTO “Philippine Consul General in Guam Marciano De Borja said that the increased frequency granted to PAL is a manifestation of enhanced international confidence in the Philippines,” the Department of Foreign Affairs (DFA) said in a statement Wednesday. “PAL and other Philippine-flagged carriers were recently allowed to increase their frequency and routes to destinations in the US after the FAA upgraded the country’s aviation safety rating to Category 1 status,” it said. The daily flights to Guam will begin on October 26, 2014. There are more than 13,500 permanent Filipinos in Guam, they are largest ethnic group there after the indigenous Chamorro group. The island is a vital military base for the US Armed Forces and was once a stopover port for the Spanish Galleon Trade route to the Philippines. “Consul General De Borja congratulated PAL for this milestone in its Manila-Guam route and invited the airline to become a close partner and help actively promote the Philippines through the economic and cultural diplomacy projects of the Philippine Consulate General,” the statement said. RELATED STORIES Biz Buzz: PAL-for-cash deal in the offing SMC-Lucio Tan showdown over PAL looms Follow Us Other Stories: Arrest made in death of Fil-Am girl, 6 Fil-Am Read More …

Aug 122014
 
Chinese fishing vessel catches fire, capsizes off Tawi-Tawi

AFP, BIFF clash in Maguindanao Husband of slain activist seeks justice for Palparan’s victims SC asked to junk SolGen’s bid for a seat in high court NBI admits difficulty in securing Palparan Shane Filan returns to Manila for major concert Prosecution stymied by withdrawal of Ampatuan lawyers in massacre case Palparan would not get legal assistance from AFP

Aug 122014
 
Oakley launches special edition Scuderia Ferrari sunglasses

MANILA, Philippines – At the local unveiling of the Ferrari 458 Spider, premiere sport and lifestyle brand Oakley announced its partnership with Ferrari to launch the special edition Scuderia Ferrari Polarized Carbon Blade Sunglasses. The special edition eyewear salutes the passion and perfection of Scuderia Ferrari, the Prancing Horse’s official racing team. Each frame in this premium sunglass collection carries highlights in the iconic color Scuderia Ferrari red, and select renditions are accented with the Scuderia Ferrari emblem. The eyewear features laser-etched logo at the corner of the lens, as well as logo embossed Microclear bag for lens cleaning and frame storage. Custom packaging and custom case make each edition a collectible. “The partnership of Oakley and Ferrari is a very exciting one. Being the best in what they do is in their DNA. Both brands push the envelope and use cutting-edge technology to deliver amazing products to consumers.” said Scott Betty, Global Director of Optics at Oakley, Inc., in a statement. The new sunglasses feature renowned Oakley durability and all-day comfort thanks to lightweight, stress-resistant carbon fiber frame material, Oakley’s Three-Point Fit that holds lenses in precise optical alignment, Unobtainium earsocks and new air-filled silicon nosepads for a snug, secure fit, and ultra-lightweight titanium forged hinges. The lenses boast Oakley’s HDPolarized fetaure, which minimizes glare via technology that produces the best polarized lenses on the planet, UV protection from Plutonite lens that filters out 100 percent of UVA / UVB / UVC and harmful blue light up to 400nm, Read More …

Aug 122014
 
Studies say too much sitting leads to early death

MANILA, Philippines – For most of us, our daily routine consists of having a considerable time sitting, which leads us into getting caught into a serious fitness and health trap. Recent studies show that sitting all day leads to an early death. According to Selene Yeager of Bicycle magazine, “we now spend a full eight hours a day sitting, and that’s not good.” It puts us in a state of ‘inactivity physiology,’ which leads to health and metabolic problems. A research published in the American Journal of Preventive Medicine said that sitting all day may lead to having a serious heart disease. The more hours we spend sitting at work, driving, lying on the couch watching TV, or engaged in other leisurely pursuits, the greater their odds of dying early from all causes, including cancer. To make it even more serious, Dr. Joann Manson, one of the authors said, “even if you are doing the recommended amount of moderate to vigorous exercise, you will still have a higher risk of mortality if you’re spending too many hours sitting.” So even those who exercise daily is at risk if most of their hours are spent sitting. This just implies that an hour of vigorous exercise would not make up for the hours spent sitting. James A. Levine, a doctor conducting a research in Mayo Clinic in Rochester, Minnesota learned that people with obesity who lived in the same environment as people who are lean sit 2 hours and 15 minutes more a Read More …

Jul 292014
 
Fantastic Four: The Rise of the Gran Coupé

MANILA, Philippines – Asian Carmakers Corporation (ACC), the official importer and distributor of BMW in the Philippines, has taken the wraps off its first-ever four-door 4 Series Gran Coupé. Wait, you ask, did I just describe a coupe as having four doors? Yes, and for those who are still getting used to BMW’s new nomenclature of odd-numbered series (1, 3, 5, and 7 Series) as four-door sedans or hatches and the new even-numbered series (2, 4, 6 Series) as coupes, a four-door “coupe” with the 4-Series designation might come as a shock. Well, it’s no shock if you follow BMW’s rationale of defining coupes not by the number of doors but by the body style or design. And BMW has certainly designed the 4 Series Gran Coupe to look like, well, a coupe (which, to the uninitiated, is French for two doors). The first four-door coupé in the premium midsize segment, the BMW 4 Series Gran Coupé combines the sleek look of a sport coupe with the functionality provided by four doors. It is the latest model to join the BMW 4 Series range, along with the BMW 4 Series Sport Coupé—which was launched last February and which is the actual 4 Series model with just two doors. Get it now? “We are very excited to kick off the second half of 2014 with the launch of the newest model to join the BMW family: the first-ever BMW 4 Series Gran Coupe.” said Maricar Parco, ACC president “This is a Read More …