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MERCHANDISE EXPORTS grew for the fifth straight month in April, the government reported on Friday, amid a recovery in demand abroad.
MANUFACTURING growth eased in April after five straight months of double-digit expansion amid slower domestic demand.
INVESTMENT PLEDGES approved by the Board of Investments (BoI) grew by a quarter in the first five months of 2017 on the back of sustained investor confidence despite the conflict in Marawi and the attack on Resorts World Manila.
Vogue magazine has published an article declaring “How Filipino Food Is Becoming the Next Great American Cuisine.” Noodles at LASA [by Claudia Mc Nelly via Vogue] Vogue’s Claudia McNeilly wrote about the journey of how finding a “treasured dish of the Philippines” does not end with a single entrée because of the many flavors of Filipino food. The American fashion and lifestyle magazine referred to Filipino food as the original fusion cuisine that is an “intricate pattern of Spanish, Western, Chinese, Japanese, and Pacific Islander flavors that serve as living proof of the country’s rich cultural history.” The article started off its listing of iconic Filipino dishes with the Spanish-influenced chicken pork adobo which was recently given a spotlight on “Good Morning America” when celebrity chef Gordon Ramsay said he preferred the Filipino-style adobo burger prepared in a show cook- off. Kare-kare was next cited for its Indian heritage. The Pinoy comfort food Spamsilog and Spam sandwich were also on the list and traced to the American influence in the country during World War II. “The palate of Filipino food is entirely its own, relying on acids and sweetness perhaps more than any other cuisine,” according to the article which pointed out the lechon roast pig, pork longganisa, and even the world renowned Filipino food chain’s Jollibee-style spaghetti. “It’s here that flavors don’t blend together so much as sit atop one another, lifting each up into an addictive symphony of tangy, salty, and sweet,” McNeilly added. To prove the trend, Read More …
The Philippines is enjoying a co-leadership status in Asia Pacific, together with Thailand and China, in gains in average speeds for internet connection. The State of the Internet first quarter 2017 report of Akamai cited the Philippines’ 20% quarterly boost in on the average connection speed metric despite the country’s 5.5 Mbps rating which placed it at the bottom rank of the 15 APAC countries surveyed. Akamai, the world’s largest and most trusted cloud delivery platform, further suggests that despite the Philippines’ lowest ranking position, it foresees improvements based on the current administration’s plans and projects. “…first quarter announcements suggest it may see improvements to its infrastructure in coming years, as Philippine President Duterte approved a plan to deploy a national broadband network at an estimated cost of $1.5 billion to $4.0 billion (77 billion to 200 billion pesos). The network will be used to host a national portal and other online government services, as well as to connect remote areas of the country that are underserved by existing broadband providers. Deployment could begin as early as June, with a three- to five-year timeline for completion,” said the Akamai report. In terms of 15 Mbps broadband adoption, the Philippines’ first quarter showing at 72%places it at 3rd rank after China and SriLanka. Akamai also reported the Philippines enjoys solo lead for the region’s 4 Mbps broadband adoption, with the largest quarterly increase pegged at 26%. The Philippines ranking on the Akamai report is based on data gathered from the Akamai Intelligent Read More …
Rich Cabael [via ABPHY] Filipino Rich Cabael of Bevriqo Corporation has acquired MEDEA Vodka, the ultra-premium vodka with its one-of- a-kind personally programmable LED display. Bevriqo, a company focused on the production, distribution, and marketing of innovative, high quality distilled spirits worldwide, will begin doing business immediately as Medea Vodka. Cabael will head the sales and operations of the company as CEO, with Scott Lantz as SVP – Sales and Operations – together they bring over 30 years of experience in managing brands and products. Cabael, who previously founded VuQo Inc. which created the world’s first vodka distilled from coconut said, “Our company is comprised of people with international alcohol beverage experience and we’re focused on creating innovative brands, developing import/export, retail and distribution channels, and building solid relationships with our partners both now and in the future. MEDEA’s award-winning vodka and interactive bottle technology differentiate this brand from all others. We look forward to building on this truly groundbreaking product’s success.” Medea Inc. announced the sale of its namesake vodka which was re-launched three years ago and has seen its distribution grow across the United States, in Canada, Europe, Asia, Latin America and parts of Africa and Russia. MEDEA Vodka is distilled by the House of Herman Jansen of the Netherlands, one of the oldest and most respected distilleries in Europe. The sale to Bevriqo Corporation is another indication that award-winning MEDEA Vodka can compete among the best in its class. “We are very proud of the awards MEDEA Read More …
Chinkee Tan What’s the most frustrating thing that has ever happened in your life? Maybe it’s these things… Do you feel that you are working so hard, yet you never seem to be earning enough? Do you find yourself always doing overtime, yet you can’t seem to fit all of your extra pay for all your bills? Do you have sidelines left and right, yet you feel as if the money you get is just passing through your hands? If you answered a big, resounding YES to any of those, then I have some tips for you: VALUE YOUR TIME Actually, time is more important than money. The accumulation of money can be unlimited, but when it comes to time, it never accumulates, it only depletes. Young or old, rich or poor, we all have only 24 hours in a single day. The only difference is how we use our time. The moment you receive your earnings, what do you do with it? If you really want to increase your income, spend your time doing MONEY-GENERATING activities. Aside from these activities, you also need to spend time… LEARNING FROM OTHER PEOPLE There’s truth to the saying, “Birds with the same feather flock together.” If your goal is to increase your income, then join people with the same goal as you, so that they can inspire you and help you reach that goal. Instead of simply hanging out on a Friday night, why not attend a seminar that can greatly Read More …
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ECONOMIC GROWTH likely remained robust during the second quarter, supported by the government’s spending push and upbeat consumer demand despite market uncertainty overseas, the central bank said.