Aug 212014
 
MILF take crucial step on path to pact

The country’s largest Muslim rebel group has taken a crucial step in ending decades of conflict, formally submitting to the president a final proposal for self-rule that both it and the government have agreed on, a presidential adviser said. The two sides signed a deal in March to end nearly five decades of conflict on the resource-rich southern island of Mindanao but hopes for peace were thrown into doubt this month when the rebels accused the government of reneging on the pact. But 10 days of negotiations rescued the deal under which the main rebel group – the Moro Islamic Liberation Front (MILF) – has agreed to disband and rebuild communities in exchange for powers over the economy and society in the Bangsamoro region. Big companies such as food processor Del Monte Pacific Limited, which has a pineapple plantation in Mindanao, said they were considering expanding operations after the deal but most have held back pending evidence of real peace. “As agreed upon by the parties, the MILF submitted the final draft of the Bangsamoro Basic Law to the Office of the Executive Secretary yesterday evening,” the presidential adviser on the peace talks, Teresita Quintos Deles, said in a text message on Thursday. “As further agreed upon, the latest draft has been submitted to the president for his review. Further discussions may be held based on the guidance of the president,” she said. The conflict has killed more than 120,000 people, displaced 2 million and hobbled economic growth in the Read More …

Aug 202014
 
Pacquiao-Algieri promo tour begins

Charles Barkley & Reggie Miller: Toe to Toe with Manny Pacquiao. TNT analysts and NBA Hall of Famers Charles Barkley and Reggie Miller when the two spent a day with Manny Pacquiao at the Wild Card Gym in Hollywood, Calif., where he is training for his fight against Juan Manuel Márquez that he lost via a one-punch knockout. LAS VEGAS, NV-  Fighter of the Decade Congressman MANNY “Pacman” Pacquiao, boxing ‘s only eight-division world champion, defends his World Boxing Organization (WBO) welterweight title against New York’s undefeated WBO junior welterweight champion Chris Algieri, who has Bachelor of Science degree in Health Care Management, a Masters degree in Clinical Nutrition and a Ph.D. in Upsets Inside the Ring. Promoted by Top Rank and Sands China Ltd., in association with MP Promotions, Joe DeGuardia’s Star Boxing, Banner Promotions and Tecate, the Pacquiao vs. Algieri world welterweight championship event will take placeSaturday, November 22, at The Venetian Macao’s Cotai Arena.  It will be produced and distributed live by HBO Pay-Per-View beginning at 9  p.m. ET / 6  p.m. PT. Pacquiao (56-4-3), the Filipino icon, and Algieri (20-0), the scholar fighter, along with their respective trainers Freddie Roach and Tim Lane, promoters Bob Arum, Joe DeGuardia and Artie Pelullo, and Ed Tracy, President and CEO of Sands China Ltd., will embark on a 27,273-Mile Media Tour, beginning on Monday, August 25 at The Venetian Macao, the 12-day tour includes press conferences or public and private appearances scheduled for Shanghai, San Francisco, Las Vegas, Los Angeles and New York. Algieri, 30, has a spotless 20-0 professional record, capturing the WBO light-welterweight title last month by split decision from Russia’s Ruslan Provodnikov, a former Pacquiao sparring Read More …

Aug 202014
 
Senate to probe alleged payoffs in Maguindanao massacre case

Philippine Deputy Speaker of the House of Representatives, one of the main guest speaker at the observance of the 3rd Anniversary of the Maguindanao Massacre along with Philippine Daily Inquirer columnist Benjamin Pimentel (left), shares his thoughts before the members of the media and other guests who attended the event held Wednesday at the Filipino American Community of Los Angeles (FACLA) Social Hall in the Filipinotown. Photo: Benny Uy MANILA, (Mabuhay) – Senator Francis “Chiz” Escudero intends to file a resolution to look into the alleged bribery of prosecutors involved in the Maguindanao massacre case and the kin of victims of the gruesome murders. “Ang plano kong ihaing resolution na pinag-aaralan na namin ngayon ay ‘yung diumano suhulan sa DOJ (Department of Justice) at sa NBI (National Bureau of Investigation) kaugnay ng Ampatuan [Massacre],” the senator said in the weekly “Kapihan sa Diamond Hotel” on Monday. “Tuwid na daan at ang walang kurap kung walang mahirap ang slogan ng administrayong ito, napakasama sa panlasa ang mga kwento o alingasngas tulad nito na lumalabas at tila hindi mawala-wala,” he pointed out. Escudero said his staff is trying to reach the whistleblowers on the alleged payoffs. “Hopefully, this week, we will be able to contact the whistleblowers if they are willing to testify without need of a subpoena.” The private and public prosecutors in multiple murder case are squabbling over allegations of bribery. Prosecution witness Lakmodin Saliao, a long-time Ampatuan househelp, recently claimed that his former employer tasked him with handing over Read More …

Aug 202014
 
St. Marc Café: French pastries with Japanese sensibilities

Bryan Lim, vice president of business development of Suyen Corporation, the group behind the Bench Group, chooses new brands and concepts based on products he and his family really enjoy and believe in. St. Marc Café recently opened at the SM Mega Fashion Hall. It’s perhaps because I did not succeed with my own restaurant business that I can truly appreciate the workings behind the birth of new concepts and establishments in our country. Today, more than ever, the food scene is growing and changing and there is one thing that seems truly crucial to success. It’s a word we often throw around without giving much thought to it but brands are more significant now than ever especially in this day and age where choices are abundant and overwhelming. The power of a strong brand identity by way of consumer confidence can truly influence our lifestyles and eventually society. A brand is described by the American Marketing Association Dictionary as being a “name, term, design, symbol, or any other feature that identifies one seller’s product distinct from those of other sellers.” It takes years to build a brand that people can trust, one that is unique and appealing backed by quality and consistency. In our country people are drawn to the comfort of branding and it’s a phenomenon that crosses over to the food and beverage industry where franchises and chains are often the key to success. That being said how does one pierce an already saturated market and hope Read More …

Aug 202014
 
Solar aerator for bangus production launched

DAGUPAN CITY, Philippines  – Bangus (milkfish) production here and in Sual town, the two major producers in Pangasinan, goes high-tech with the pilot experimentation of a solar-powered aerator system as a defense against fish kill and to improve cultivation. Makiko Takaoka, general manager of Nomura Research Institute, said this is the first time they will see the whole cycle of bangus production using the solar powered aeration system. “We can expect more oxygen will be digested by the fish, growth rate will be more effective and mortality will be decreased,” said Takaoka, whose group coordinated the project. Hirano Seiji, senior vice president of Power Bank System that developed the aeration system, said this was first introduced in Japan four years ago and they saw remarkable growth of tuna as well as oyster. The experimentation for bangus production in the Philippines would take about four to five months and once it succeeds, they intend to introduce it to other Asian countries. An initial study using solar panels for milkfish production was commissioned by the Japanese government in 2012 in Laguna. However, there was limited observation on the improvement in the water quality and fatality rate of the fish due to the timing and duration of the project, which was only one month. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Power Bank System Co., Ltd., supported by Japan International Cooperation Agency (JICA) and the Bureau of Fisheries and Aquatic Resources (BFAR), shall perform demonstration in order to gather additional data, Read More …

Aug 202014
 
What makes Anton del Rosario go further

MANILA, Philippines – With the globe’s attention on the World Cup still fresh, it’s inevitable that Filipinos hope that the national team, the Azkals, will someday clinch a spot. Considering that there was zero focus on the sport before the Azkals came along, and the phenomenal strides the team has taken in a relatively short period of time, it seems that it won’t be long before the Pinoy booters will be seen playing in the most-watched sporting event in the world.  One of the players working hard to make this happen is Anton del Rosario (photo), who has been playing for the Azkals since 2003 and was part of the historic team that won the 2010 ASEAN Football Federation (AFF) Suzuki Cup held in Vietnam and Indonesia. Having played the sport for over a decade, Anton knows football from the inside-out, and considers it primarily as a mental game. “Playing football is my therapy,” he says. “When I play, I don’t have to think about things outside of football. More often than not, I’m happy in the field.” Certainly, football is also a very physical game. It is something that Anton prepares for by eating well, sleeping anywhere from seven to eight hours in a day and practicing in the field six days a week. In between training, Anton hits the gym to keep his body in tiptop shape. Another factor in his health arsenal is C-Lium Fibre, a fiber supplement made from 100-percent natural psyllium fiber. Anton says that Read More …

Aug 202014
 
Index continues to climb on buying momentum

MANILA, Philippines – The Philippine Stock Exchange index (PSEi) rose to a fresh 14-month high yesterday, riding on the momentum of Tuesday’s string of good news. The main composite index broke through the 7,100-mark and was able to settle at 7,116.49 at noon break. The benchmark index, however, eased slightly and closed at 7,096.49, still 0.19 percent or 13.74 points higher than Tuesday’s 7,082.75. The broader all shares index also inched up 0.07 percent or 2.86 points to 4,200.49. “It was a continuation of yesterday’s (Tuesday) momentum, boosted by the Dow Jones rally last night,” said Papa Securities Inc. analyst Freya Natividad. Despite piercing through the 7,100-mark on certain periods of the day, Natividad said profit-taking pulled down the bellwether index to slightly below the 7,100-mark at its close. Abroad, Asian stocks remained stable yesterday after the upbeat US housing data lifted Wall Street shares. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Wall Street reportedly drew support from strong housing data on Tuesday, lifting Treasury yields and drove the dollar to a nine-month high against the euro. Mining and Oil firms took the deepest plunge at 0.64 percent or 111.48 points while services firms performed the highest leap at 1.06 percent or 23.10 points.

Aug 202014
 
BSP to adopt ‘more vigilant’ monetary policy

MANILA, Philippines – Supply-side factors continue to create upward pressures on inflation, a Bangko Sentral ng Pilipinas official said, noting this would mean the need for a “more vigilant” monetary policy. BSP Deputy Governor Diwa C. Guinigundo told reporters yesterday there may be some sudden spikes in consumer prices for the rest of the year due to supply-side factors.  “I think the blips are possible in the coming months because of the uncertainty in the supply-side. You have power adjustment, oil prices, and because of the impact of the weather, as well as port congestion,” Guinigundo said. Inflation stood at an average rate of 4.3 percent as of July, about the same as the central bank’s 4.33- percent average forecast for the full year. The level is above the midpoint of the government’s three to five percent target for 2013. Guinigundo said there remains an uncertainty when the adjustment on power rates would take place. The same goes for the weather disturbances and the El Niño phenomenon, which may both have a negative impact on the water supply and on agricultural crops as well. “So we need to be more vigilant and strengthen the coordination with other government agencies,” Guinigundo said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1  “We can accommodate the first round effects (of inflation) but we cannot tolerate the second-round effects and that’s why monetary policy will have to be preemptive,” he continued. The second-round effects pertain to petitions for wage hikes following soaring commodity Read More …

Aug 202014
 
Alliance Global plans to bolster hotel business

MANILA, Philippines – Alliance Global Group Inc. (AGI) of tycoon Andrew L. Tan plans to bolster its hotel business in the Philippines in the next six years, making it the largest in the country by 2020. Tan, chairman and chief executive officer of AGI, said during the Philippines Property Awards 2014 in Makati City that the group intends to bring its total number of hotel rooms all over the country to 12,000 by 2020. The conglomerate to date has 1,900 rooms under its portfolio through seven existing hotels. These are Richmonde Hotel Ortigas, Eastwood Richmonde Hotel, Marriott Hotel, Maxims Hotel and Remington Hotel in Newport City, and Fairways and Bluewater in Boracay Newcoast. “By the year 2020, we envision our group to be the largest hotel developer in the Philippines, with a total portfolio of around 12,000 hotel rooms. These hotel rooms will be offered under 12 different local and global hotel brands. The global brands include Marriott, Hilton, Sheraton, Westin, Okura and Maxims,” Tan said. Under its aggressive hotel business expansion plan, AGI will build more than 10,000 new hotel rooms in the next six years. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 AGI said all of the new hotel rooms will be built in Megaworld townships across the country. The group said the expansion will likely include 2,000 new rooms in Newport City; 2,800 rooms in Resorts World Bayshore City; 1,900 rooms in Boracay Newcoast; 2,700 rooms in The Mactan Newtown in Cebu; around 400 rooms Read More …

Aug 202014
 
Trans-Asia to debut at PSE via rights offer

MANILA, Philippines – Trans-Asia Petroleum Corp., a unit of Trans-Asia Oil and Energy Development Corp. is planning to undertake a stock rights offering after it completes its stock market debut.  The company expects to raise roughly P500 million from the rights offering. On the company’s planned listing by way of introduction on Aug. 28 – which involves no immediate sale of shares unlike an initial public offering – Trans-Asia Oil president Francisco Viray said it’s a good opportunity. “There will always be oil.  Oil will always be needed,” Viray  said. Trans-Asia Petroleum will carry the symbol “TAPET.” During the briefing, officials said that some 250 million shares will be listed at P4.60 a piece, for a total of P1.15 billion. This represents 100 percent of the issued and outstanding shares of TAPET. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Trans-Asia is on the look out for new opportunities that would give back imminent revenue such as Service Contract 50, which covers the Calauit oil field in offshore Palawan. The Calauit field in SC 50 is estimated to contain 10 million to 13.2 million barrels of oil. Trans-Asia also holds interests in SC 51 in Leyte, SC 52 in Cagayan Valley in Northern Luzon; SC 55 in West Palawan; SC 69 in the Camotes Sea; and in SC No. 6 Block A and Block B in offshore northwest Palawan. In the first half of the year, the company reported a net income of P216 million or 27 percent lower Read More …