Vista Land tops Finance Asia’s ‘Best Mid Cap,’ ‘Best CFO’ awards

 Economy
May 282013
 
Vista Land tops Finance Asia’s ‘Best Mid Cap,’ ‘Best CFO’ awards

MANILA, Philippines – Vista Land and Lifescapes Inc., the Philippine Stock Exchange-listed flagship company of Sen. Manny Villar, has garnered several awards from the prestigious Hong Kong-based FinanceAsia magazine. Based on the final tally of votes for FinanceAsia’s 13th annual poll of Asia’s top companies, Vista Land ranked number one in two key categories: “Best Mid Cap” company and “Best CFO.” The company also made it to the top 10 in five other categories: Best Managed Company – 8th; Best Corporate Governance – 5th; Best Investor Relations – 3rd; Best Corporate Social Responsibility – 10th; Most Committed to a strong dividend policy – 6th.  Vista Land improved its ranking from 7th in “Best Investor Relations” and 4th in “Best Mid Cap” in 2012. For the second year in a row, Vista Land’s Chief Financial  Officer, Ricardo Tan, Jr., was voted number one by investors and analysts across the region in the “Best CFO” category. Metro Pacific Investments CFO David Nicol came in second, while Emmanuel Singson of First Gen, Iker Aboitiz of Aboitiz Power, and Ismael Basa of Joillibee all came in third equal. Last year, Vista Land was the sole winner of the “Best Investor Relations award” from rival publication Asiamoney, and also received a Best Investor Relations award from CorporateGovernanceAsia. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 CorporateGovernancAsia also cited Vista Land as one of Asia’s Most Promising Companies in Corporate Governance in 2013. Vista Land, the largest homebuilder in the Philippines, posted a net income Read More …

DA asks DTI to monitor lead content in rice

 Economy
May 282013
 
DA asks DTI to monitor lead content in rice

MANILA, Philippines – The Agriculture department is asking the Trade department to monitor rice being sold in Metro Manila, citing reports that the packages of these goods have been found to contain lead. Department of Agriculture (DA) Secretary Proceso Alcala said in a letter dated May 24 to Department of Trade and Industry (DTI) Secretary Gregory Domingo, they would want the Trade department to monitor the packages of rice being sold in the market. This, as the DA received information from the EcoWaste Coalition of the presence of lead in rice sacks. The EcoWaste Coalition is a public interest network of community, church, school, environmental and health groups pursuing sustainable solutions to waste, climate change and chemical issues facing the Philippines and the world. “It is informed that out of 125 sacks, representing 100 brands of rice purchased between the periods of April 13 to 18, 2013 from various rice dealers in public and private markets in cities of Metro Manila, about 53 percent showed low or non-detectable levels of lead, while 47 percent were found to contain lead in the range of 124 parts per million (ppm) to 2,605 ppm,” Alcala said. Alcala noted that the lead content of the rice sacks exceeds the US limit of 90 ppm for lead in paint and surface coating. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 He said lead was detected in the outer portions of the sacks as well as in the inner sections, posing a concern for adulteration Read More …

Solar names 2 new officers

 Economy
May 282013
 
Solar names 2 new officers

(From left) Wilson  Tieng, Solar Entertainment president  and CEO; Maria Theresa Borromeo, chief operating officer; Manuel Quiogue, chief commercial officer. MANILA, Philippines – The country’s leading cable network, Solar Entertainment Corp., recently appointed two officers to manage its broadcasting and cable businesses. Joining Solar’stop management are Manuel “Meckoy” Quiogue as chief commercial officer and Maria Theresa “Mitos” Borromeo as chief operating officer. Quiogue joins Solar with an illustrious management track record in both advertising and broadcasting industries. He started in marketing, handling major accounts such as Coca-Cola, and Unilever brands. He moved to advertising, becoming the president and chief operating officer of J. Walter Thompson. Then he went into broadcasting, first with ABS-CBN’s Studio 23, before becoming president and COO of GMA Marketing and Productions, Inc. Prior to Solar, he was the President and CEO of Group M Philippines, the parent company of four media agencies. As Solar’s CCO, Meckoy will oversee the programming, marketing, and sales of Solar’s cable and free-television channels. Borromeo comes with an extensive background in advertising and media. She held top positions in major advertising agencies like DY&R/Alcantara, Lowe, J. Walter Thompson, and Bates Manila.She also was managing director of Mindshare Philippines before being promoted to chief executive cfficer of Group M Philippines. As Solar’s COO, Mitos will oversee the operations of Solar Entertainment Corp. President and CEO Wilson Tieng is confident that the two will bring fresh energy and purpose to Solar Entertainment Corp. In a statement welcoming the two, Wilson said: “Mekoy’s a Read More …

Power users allowed to look for best deal

 Economy
May 282013
 
Power users allowed to look for best deal

MANILA, Philippines – The Department of Energy (DOE) and the Energy Regulatory Commission (ERC) will allow power consumers more time to enter into a retail supply contract as part of the open access regime. Under a draft resolution issued by the ERC, contestable customers who have not yet signed a contract with a supplier shall continue to be served by their franchised distribution utilities until they are able to negotiate a more competitive retail supply contract. “The intent is to ease pressure on the contestable customers in securing a retail supply contract and to avoid being disconnected from service or be served by a supplier of last resort which have higher rates,” the DOE said. The DOE said the ERC resolution is intended to address the growing concerns of many contestable customers of possible disconnection due to the inability to sign a retail supply contract with a supplier. The so-called retail competition and open access (RCOA) will make power distribution companies more competitive. Both the DOE and ERC are looking into how RCOA will better operate to achieve the intent of the Electric Power Industry Reform Act (EPIRA) in terms of promoting customer choice, better services and competition in the power supply sector. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Under the so-called open acccess regime, large power users will be able to choose their own suppliers, in contrast with the current system where they are limited to the supplier that has jurisdiction over their areas. Mandated under Read More …

UNA to expose fraudulent practices during campaign

 Entertainment
May 282013
 

MANILA (Mabuhay) – The United Nationalist Alliance (UNA) thanked its supporters during the elections and promised “we cannot fail the Filipino people.” This, as it said it will expose at the proper time the “practices of the past [that] are still very much a part of our system.” It said that at the beginning of […]

Philippine Madrigal alumni reunion at The Ford Theater

 Entertainment
May 282013
 

Alumni of the Philippine Madrigal Singers take the stage in “All Together Now: Celebrate in Song!” on June 30, 2013 at the historical Ford Amphitheatre. Being the only all-Filipino music event at the Ford this summer, this collection of vocal artists will serenade an entertaining mix of favorite songs and master pieces that placed the […]

Taiwan scraps basketball invite to Philippines amid row

 News
May 282013
 
Taiwan scraps basketball invite to Philippines amid row

Our govt should pull-out all the OFWs in Taiwan… move them to Malaysia or any other country. Let’s see whose e****my will collapse… our govt should provide them (OFWs) with livelihood programs, train them through TESDA… And let’s not send OFWs to both China and Taiwan… those countries are the worst criminal on earth… especially in Piracy. US govt are so dumb and stupid they invested in China, due to low manpower cost. Now, China are stealing all those technology from them through reverse engineering. And they became a military superpower. I just saw on TV how the Chinese were able to steal even the US fighter planes technology and they were able to copy the US’s war planes. China will beat the US not in WAR, but on e****mic warfare… they have all the US monetary (money) stashed in their country. And they are tra****ing Euro money not US dollar. I****S will start to make threats against them, they will release all the US dollar and it will dropped the value o****S dollar into nothing (like a bank-run). The US knows it, that’s why they are so scared sh*t of China.

Juday dedicates new soap to Ai Ai, battered women

 Entertainment
May 272013
 

MANILA (Mabuhay) — Actress Judy Ann Santos, who has started working on her upcoming series “Huwag Ka Lang Mawawala,” expressed her support to comedienne Ai Ai delas Alas. Santos said she feels sad for her friend. “I don’t know Jed personally and I have nothing else to say to him. It’s just that really sad […]

Rainy Tuesday expected in NCR as rainy season looms

 News
May 272013
 
Rainy Tuesday expected in NCR as rainy season looms

Metro Manila and nearby provinces may expect more rain on Tuesday, even as state weather forecasters on Monday cited shifting winds as another sign the rainy season is drawing closer. PAGASA forecaster Meno Mendoza said the country is beginning to feel winds from the south, with winds from the southeast coming soon. “Sa ngayon nalalapit na tayo (sa tag-ulan) dahil pinapakita na rin ng nararamdamang hangin narito sa southeast to south ang nararamdaman. Malapit na ito maging totally southwest,” Mendoza said in an interview on dzBB radio. He said the shift of the winds to southwest will likely occur between now and the first week of June. Mendoza noted the rainy season in the Philippines usually starts between the last week of May and the first week of June. “Nagkaroon tayo ng cases na ganoon (late ang start) pero bihirang bihira,” he said. Tuesday outlook For Tuesday, PAGASA said the diffused tail-end of a cold front is affecting Northern and Central Luzon, while the inter-tropical convergence zone is affecting Southern Mindanao. “Metro Manila and the regions of Ilocos, Cordillera, Cagayan Valley, Central Luzon, CALABARZON and Zamboanga Peninsula will experience cloudy skies with light to moderate rain showers and thunderstorms,” it said in its 5 p.m. bulletin. It added the rest of the country will have “partly cloudy to at times cloudy skies with isolated rain showers or thunderstorms mostly over the western section.” PAGASA also said light to moderate winds from the southeast to south will prevail over Luzon and Read More …

Proclamation of remaining party-list winners set on Tuesday

 News
May 272013
 
Proclamation of remaining party-list winners set on Tuesday

The remaining winning party-list groups will be proclaimed Tuesday morning, Commission on Elections (Comelec) chairman Sixto Brillantes said Monday. “Tomorrow at 10 o’clock,” Brillantes told reporters when asked on the schedule of the proclamation. During the National Board of Canvassers (NBOC) session, Brillantes ordered the encoding team to include the corrected discrepanies, zero votes and the remaining uncanvassed report in the canvass report to allow the board to finalize a resolution. “We will finalize the resolution by tonight, it will be signed tomorrow morning and promulgated at 10 am,” Brillantes said on Monday. He, however, did not clarify the content of the resolution that they will issue. Earlier in the day, Brillantes said the Comelec en banc, sitting as the NBOC, will be meeting to discuss the issue on party-list. He said they will be declaring the remaining winners either Monday night or Tuesday. Comelec announced the first batch of party-list winners last Friday. — Amita Legaspi/KBK, GMA News

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