May 302014
 
TV’s new heartthrob doctor leads The Night Shift

Irish actor Eoin Macken (with co-star Jill Flint, left) plays army doctor TC Callahan in the new US medical drama series, which premieres tomorrow, June 1 at 9:50 p.m. on beTV. MANILA, Philippines – Medical dramas have a long and solid history with television audiences. Much has been said and written about their universal appeal springing from yes, the drama, action and suspense surrounding situations wherein lives are on the line. Adding gloss and excitement to medical dramas is the presence of the resident heartthrob TV doctor. From E.R.’s George Clooney to Grey Anatomy’s Patrick Dempsey (a.k.a. McDreamy), it’s a list that keeps on growing (and continues to send blood pressures rising). Now, there’s a new must-watch doctor in town and his name is Dr. TC Callahan, played by Irish actor Eoin Macken, from the brand-new US medical drama The Night Shift, which premieres on Philippine TV via beTV come June 1 at 9:50 p.m. Eoin (pronounced as Owin) got his career start as a model who became the face of some top clothing brand campaigns, but has since evolved to become not only as an actor but also as a writer and director. Prior to The Night Shift, Eoin, who recently moved to the States after being based in London for the last couple of years, was notable as Sir Gwaine on the BBC One series Merlin, and was part of the movies Centurion, Through the Night, Siren, etc. He also appeared on Showtime’s The Tudors and other Irish Read More …

May 302014
 
SMC weighing viability of P35.4-B CALAX project

MANILA, Philippines – Diversified conglomerate San Miguel Corp. (SMC) is carefully studying the viability of the proposed P35.4-billion Cavite-Laguna Expressway scheduled to be auctioned by the Aquino administration on Monday. SMC president and chief operating officer Ramon S. Ang said the company, through Optimal Infrastructure Development Inc., is still running the numbers to ensure the viability of the Public-Private Partnership (PPP) project.  “If the project is viable we will submit. If not, we might again back out in the last minute. Most likely we will try our best to make it work,” he stressed. SMC, through SMC Infra Resources Inc., backed out in the last minute during Wednesday’s bidding for the P65-billion Light Rail Transit Line 1 (LRT 1) Cavite extension project. Ang said earlier SMC was all set to submit a bid for the Aquino administration’s largest PPP project last Wednesday but decided on the last minute to back out.  “We were really serious in joining. In the last minute, while running the computation, the figures did not pass our hurdle rate,” he pointed out. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Aside from  SMC, other companies that did not submit their bids last Wednesday to the Department of Transportation and Communications (DOTC) included Filipino-owned Megawide Construction Corp., Spanish-owned Globalvia Inversiones SAU, Eco Rail Services Inc. of businessman Reghis Romero II, and Malaysian-owned MTD Philippines Inc. The DOTC pushed through with the bidding Wednesday despite receiving a lone bid from the tandem of infrastructure giant Metro Pacific Read More …

May 302014
 
Index ends at fresh one-month low

MANILA, Philippines – Investor sentiment remained negative in local equities as the slowdown in the countries first-quarter economic growth continued to shadow the climb in overseas markets.  The benchmark Philippine Stock Exchange index (PSEi) lost 0.43 percent or 29.02 points to finish the week at 6,647.65, while the broader All Shares index shed 0.16 percent or 6.52 points to 3,997.57. It is the lowest closing for the main index since ending at 6,636.45 on April 29. “There was follow-through selling given the lower-than-expected gross domestic product data on Thursday,” said Freya Natividad, investment analyst at Papa Securities. However, Natividad said the decline was tempered by end-month window dressing, or the strategy among fund managers to improve the appearance of their portfolio by selling lagging stocks and buying outperforming stocks. The local market bucked the uptick overseas. On Thursday, the Dow Jones industrial average gained 0.39 percent or 65.56 points to close at 16,698.74, while the broader Standard & Poor’s 500 index rose 0.54 percent or 10.25 points to 1,920.03, a record high, as investors pinned their hopes on a stronger US economy in the second quarter. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Other Asian markets also benefited from the gains in Wall St. Locally, most counters were in the red, paced by industrial firms that slipped 1.23 percent or 126.12 points to 10,111.97. But holding firms added 0.37 percent or 22.66 points to end at 6,071.67.

May 302014
 
Filinvest raises capex to P38 B

MANILA, Philippines – The investment firm of the Gotianun family is raising its capital spending this year to support property development projects and its foray into the power generation business. Filinvest Development Corp. (FDC) expects its large investments in various sectors would allow the company to post higher earnings in the coming years, its top executive said yesterday. The listed holding firm said it would invest P38 billion across all its businesses this year, higher than the earlier announced P33 billion and almost double the P20 billion it spent last year. “With the continuing strength of the Philippine economy and the recent ratings upgrade, we are optimistic that these investments will sustain the growth of FDC,” said FDC president and CEO Josephine Gotianun-Yap. “These investments will, in turn, drive earnings growth for the next five years,” she added. Specifically, FDC allocated around P25 billion for the real estate business composed of subsidiary Filinvest Land Inc. and Filinvest Alabang Inc., the developer of the 244-hectare Filinvest City in Alabang. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “A more significant portion of the capital expenditures will be used for recurring income investment properties while the balance will be for trading assets with a portion to be used for landbanking,” FDC said. The listed investment firm allotted P9 billion for the construction of FDC Utilities Inc.’s 405-megawatt (MW) power plant in Misamis Oriental that is scheduled to start operations in 2016. The remainder of the capital allotment would be poured into Read More …

May 302014
 
Pepsi Phls plans more investments

MANILA, Philippines – Beverage maker Pepsi-Cola Products Philippines Inc. (PCPPI) is preparing for long-term consumption growth as it invests in various manufacturing plants. “We remain optimistic about the country’s consumption story at the back of robust economic growth,” said PCPPI president Furqan Ahmed Syed during the company’s annual stockholders meeting yesterday. “We will continue to invest in the long-term future of our business, keeping in view the needs and aspirations of our Filipino consumers”, Syed added. To meet the rising demand, the beverage maker invested significantly in its manufacturing facilities, including a new plant in Sto. Tomas, Batangas that in scheduled to start operations in the second half of 2014. “These investments on the company’s long-term growth were supported by Pepsico International and Lotte Chilsung Beverage Co. Ltd’, providing vital access to their complementary strengths and resources,” PCPPI said. In line with the long-term growth strategy, PCPPI invested in capacity expansion and distribution assets like containers, trucks and coolers. It also introduced Tropicana Twister Mango and Mirinda Powder Fun Mix last year. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Capital expenditures rose by a third to P4.2 billion in 2013 from P3.1 billion in the previous year. PCPPI committed to invest P3.5 billion this year to continue expanding its production and distribution line as demand is expected to rise further. In the first quarter, higher amortization from its investments cut the net income of PCPPI despite the growth in beverage sales. Profits of PCPPI fell by almost 50 Read More …

May 302014
 
12 NZ firms to visit Phl

MANILA, Philippines – Twelve firms from New Zealand are visiting the country next week to explore business opportunities, the Philippine Chamber of Commerce and Industry (PCCI) said.      In a statement yesterday, the PCCI said New Zealand’s Trade Minister Tim Groser would visit the country next week with 12 companies which   are interested in business opportunities.      PCCI president Alfredo Yao said the companies are engaged in the following sectors: information and communications technology, logistics, transport, manufacturing, infrastructure and logistics, as well as food and beverage.      The visiting firms include: Airways New Zealand (air traffic control and management services), BCS Group (logistics hardware and   infrastructure support), New Zealand Technology Industry Association   (capacity building), Orion Corp. (software exporter), Fonterra (dairy   products), Prime Foods New Zealand (seafood processor), Westland  Cooperative Dairy Company (dairy products), Mainfreight International (logistics solutions), Patton (refrigeration and air-conditioning), and GNS Science (earth geoscience and isotope research and consultancy).      The PCCI is hosting a seminar and networking session for the visiting delegation.      The group said Philippine companies interested in exploring opportunities could attend the sessions on June 5 at the PCCI’s office in Fort Bonifacio in Taguig City.      Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The PCCI is working with its partner organizations in other parts of the world in organizing and hosting business missions here.      The PCCI wants to encourage partnerships between local and foreign firms, as well as to have more foreign companies   making investments here to create jobs.      Yao said earlier the PCCI is promoting the Read More …

May 302014
 
Fortun withdraws as Zaldy Ampatuan's lawyer – source

Sigfrid Fortun, lead defense counsel in the Ampatuan massacre trial, has withdrawn as lawyer for suspect Zaldy Ampatuan, a former governor of the Autonomous Region in Muslim Mindanao. A reliable source told GMA News Online that Fortun informed Judge Jocelyn Solis-Reyes of the Regional Trial Court Branch 221 in Quezon City about his decision through a “motion to withdraw as counsel” filed on Thursday. The source said Fortun did not indicate in his motion his reason for ending his legal services for Ampatuan. The source added however that while Fortun has withdrawn as Zaldy’s lawyer, he will remain as the legal counsel for the two other principal accused in the multiple murder case: Zaldy’s brother Andal Jr. and their father clan patriarch Andal Sr. The Ampatuans are accused of plotting what would turn out to be the worst single-day election-related violence in Philippine history. A total of 58 people, including 32 journalists, were allegedly killed on Nov. 23, 2009 by members of the Ampatuan clan and members of their private army. The victims were part of a convoy that was supposed register then-Buluan Vice Mayor Esmael Mangudadatu as a candidate for governorship of the southern Philippine province of Maguindanao. In July 2011, the then one-and-a-half year-old trial took a significant turn when Zaldy – through interviews in several media outfits while in detention – broke his silence and said he was willing to testify in the massacre case. His lawyers would later clarify that while their client wants to take Read More …

May 302014
 
Delayed books, cramped classrooms to greet students as school year begins

Undelivered books, under-equipped canteens, and emotional trauma plague public schools around the Philippines even as a new school year nears. Grade 9 students may face the first few weeks of the school year without books, Mark Salazar reported on “24 Oras” Friday. Teachers fear the situation may turn out as it had when the K-12 system was first implemented, when they had to photocopy books for their students. “Late. Kung hindi man, natapos ang Grade 7 ng walang module. Nung inimplement ito nung Grade 8, ay natapos ang second quarter, saka lang dumating ang modules intended for first and second quarter. Samantala, yung third and fourth quarter, walang nagamit na module ang mga bata,” said Louie Zabala, president of the Manila Public School Teachers Association. Antonia Lim, who leads the Alliance of Concerned Teachers in the Central Visayas, said, “Yung Grade 7, talagang walang aklat sila sa lahat ng subjects. Yung Grade 8 naman, parang tatlong subjects lang siguro ang may aklat, pero late nang dumating.” ACT-Bicol’s Nic Sambitan related the same scenario, and said Grade 8 students didn’t get access to books. If the same scenario presents itself, Zabala said teachers would have to shell out their own money to photocopy their modules. Department of Education (DepEd) Executive Director of Instructional Materials Council Secretariat Socorro Pilor admitted delivery of the books has been delayed due to “development delays”. She said books that were delivered to teachers, some of which were rushed, are meant for temporary use while final copies Read More …

May 302014
 
Kidnapped Pinay worker, Sino tourist rescued by PHL, Malaysian forces

After nearly two months, a Filipina resort worker and a Chinese tourist who were abducted from a floating resort in Sabah last April have regained their freedom, a Malaysian news site said late Friday. Malaysia’s New Straits Times reported the two—Marcelita Dayawan, 40, and Gao Hua Yuan, 29—were rescued Friday morning in a joint operation between Philippine and Malaysian authorities. The report said the two were rescued from Jolo at 10:30 a.m., then brought to the east coast of Sabah. Sabah Police Commissioner Datuk Hamza Taib said both victims arrived there 4:30 p.m. (). The report did not say if the armed men behind the abduction were from the Abu Sayyaf Group. Last April 2, armed men had abducted Dayawan and Gao from the Singamata Adventures and Reef Resort. Malaysian PM says no ransom paid, thanks security forces A separate report on Malaysia’s Bernama news agency said Prime Minister Datuk Seri Najib Tun Razak claimed no ransom was paid. He also thanked the security forces for successfully securing the release of the two victims, adding the government was taking steps to facilitate the return of the Chinese home. “I have just been briefed by the Royal Malaysia Police (PDRM) that the two women abducted from a resort in Sabah last April had been rescued by our authorities. No ransom was paid to secure their release,” he said. “Many thanks to the Phillipine security forces for the assistance and hard work in the release of two victims kidnapped from Semporna, Sabah. Read More …

May 302014
 
Victory Autos buys beemer even with high balance

Trading for a new car is easy with Victory Autos Victory Autos Team Last week, I was seriously contemplating on trading my car for a new one. But knowing that I still have a balance on my car, I didn’t know what do about it. So I went to Victory Autos, the company that my uncle Rudy recommended to me. To my surprise, I  didn’t know I was going to get approved so fast, no hassle, and they were straight to the point.  The people at Victory Autos were very helpful and they even bought my BMW. Yes, I still owed a lot on that car, but they had no problem of taking beemer.  And now, I got me a new car! I didn’t intend to get the car on the same day I went to Victory Autos because I thought it wasn’t going to work out, but they made it possible. I was surely shocked and surprised at how great they are. Thank you. – Albert Uy Backed by their 25 years in car business, Victory Autos is dedicated to offering high-quality, pre-owned vehicles to our customers. From the moment you walk through our door, “we’re committed to providing you with a great car-buying experience. With our skilled sales staff and financing options, we’ll help you get the vehicle you want, at the great price you deserve,” Trinidad said. Victory Autos is dedicated in providing the ultimate automobile buying experience. Victory Autos is your #1 source for buying a Read More …