Home Blog Page 6

3 firms keen on Malaya TPP

0

At least three firms have expressed interest to participate in the third round of bidding for the privatization of the 650 megawatts Malaya thermal power plant (TPP) and its underlying land in Pililla, Rizal.

The Power Sector Assets and Liabilities Management Corp. (PSALM) said AC Energy, Inc., Panasia Energy Inc. and Denki Power sent representatives to the pre-bid conference that was held last Friday, February 14.

Deadline for the submission of documentary deliverables is on March 12.
Opening of bids is on April 15.

Last November, Malaya TPP’s privatization failed for the second time as no bidder met the minimum bid price of P4,481,796,017.

PSALM is in talks with the Commission on Audit for the approval of a lower minimum bid price on the asset, slashing it by P400 million to P500 million which is the cost running the said facility.
COA has yet to approve the proposal.

In the last bidding, four pre-qualified bidders passed the initial stage: including Panasia Energy, Inc., Phinma Energy Corp, Hill Trench Power,Inc. and Therma Central Visayas Inc.

However, right before the deadline for submission of the financial bid, Fort Pilar Energy, Inc., Panasia Energy, Inc. and AC Energy sent letters to PSALM explaining that they cannot meet the minimum bid price.

Ayala Land profits hit P33B, up 13%

0

Ayala Land Inc. reported profits of P33.19 billion for 2019, up 13 percent from P29.24 billion the prior year.

Revenues climbed 2 percent to P168.79 billion, from P166.25 billion.

The company said it launched P158.9 billion worth of property development projects and P15.1 billion in malls, offices and hotel resorts last year, in line with its “thrust to build sustainable, integrated, mixed-use communities across the country.”

“We continue to serve new areas in the country and reach out to a broader market with more affordable products. This is in line with our mission to enrich the lives of more Filipinos. Furthermore, we continue to invest in all our existing estates which help spur economic activity in their respective localities,” said Bernard Vincent Dy, Ayala Land president.

Out of its topline, property development reached P117.6 billion, with a 3 percent spike in sales reservations to P145.9 billion.

“Meanwhile, newly opened malls, offices and hotels drove the expansion in commercial leasing revenues which increased 13 percent to P39.3 billion,” Ayala Land said.

Shopping center revenues grew 11 percent to P22 billion, on the back of increased contributions from Ayala Malls Feliz, Capitol Central and Circuit Makati. The company opened three new shopping centers last year with a total gross leasable area (GLA) of 213 thousand square meters (sq.m.), increasing its malls footprint to 2.12 million sq.m.

Office revenues jumped 12 percent to P9.7 billion due to an improved performance of office assets in Ayala North Exchange, Vertis North and Circuit Makati.

Ayala Land currently has a total office space GLA of 1.17 million sq.m. following the completion of Ayala North Exchange BPO Tower, Manila Bay BPO Tower and Central Bloc Corporate Center 1 in Cebu.

The company posted a 19 percent increase in revenues from hotels and resorts to P7.6 billion, attributing this to the strong patronage of Seda Ayala Center Cebu and Seda Lio. It opened 797 rooms to the public this year bringing total hotel and resort rooms to 3,705.

Meanwhile, Ayala Land said out of its project launches last year, its Avida, Amaia and Bellavita residential brands delivered 11,476 units and have, over the last five years, increased delivered units by 28 percent year on year.

Ayala Land said among its major launches last year was the P18-billion Cresendo in Tarlac, its 29th estate to date.

Cresendo is a 290-hectare “new downtown” in Tarlac, carved out of the Hacienda Luisita landbank, particularly the sugar milling part, which is three kilometers from the Subic-Clark-Tarlac expressway and MacArthur Highway.

“A 32-hectare industrial park for light to medium industries and a commercial row of shophouses are poised to jumpstart local business and employment in the area. To promote skills-building among Tarlac’s young population given the potential employment opportunities, a Don Bosco Technical and Vocational School is set to open by 2025,” Ayala Land said.

The company also launched the 120-hectare Broadfield in Biñan, Laguna, which is designed to be a new commercial and industrial district in the area.

“Seeing potential in enhancing fully built-up areas with smaller community hubs, Ayala Land also introduced The Junction Place, an 11-hectare pocket urban development located in the Novaliches-Quezon City area,” it said.

The company has formally filed for a real estate investment trust fundraising through unit AREIT Inc.

“Ayala Land’s initiative to establish the first REIT reflects its confidence in the local economy, and with it hopes to pave the way for the development of a healthy and sustainable REIT market in the country,” it said.

Briton, German seize Pradera Classic lead

0
CO-LEADER: Jahns will go into the third round a marked man.

JOE Knox holed out with a birdie on the ninth that Keanu Jahns bogeyed in a jumbling frontside finish for a key two-shot swing that earned the Englishman a shared view of the top with the Fil-German as the erstwhile leaders faltered and tumbled in a topsy-turvy second round of the ICTSI Pradera Verde Classic in Lubao, Pampanga yesterday.

Knox, who birdied two of the last three holes to save a first round 71 Tuesday, checked a roller-coaster two-birdie, three-bogey round after 11 holes from No. 10 with three straight birdies from No. 3 but tripped with a second straight bogey on the long 491-yard No. 6 before birdying the par-5 finishing hole, also for the second straight day, to preserve a 70.

Despite a bogey on No. 4, Jahns held on to a one-stroke lead he gained on a scorching four-birdie exploit at the back but misread a seven-foot putt for par at the finish for his own version of a 70, enabling Knox to keep abreast with the former at 141 heading to the last 36 holes of the $100,000 event that could be marked with a wild, wooly finish.

He left after signing his scorecard, which showed the resiliency in the journeyman from United Kingdom, who battled back from a one-over card with three straight birdies from No. 3 then closed out with a birdie to negate his other bogey on the sixth.

Jahns stayed a bit to assess his wobbly finish, saying: “Overall, I played pretty well. The wind was quite strong at the back where I started but I was able to handle my game.”

Jhonnel Ababa, who shared the first day honors with Clyde Mondilla, Dutch Guido Van der Valk and Aussie Jack Lane-Weston with 69s, went four-under overall with a second straight birdie on No. 17 as he bogeyed three of the first seven holes at the front and needed to birdie No. 8 from eight feet to scramble for a 73.

“The wind blew hard at the front (his backside),” rued Ababa, who vowed to strike back in the last two days with an attacking game as he steps up his drive for a record third straight championship in the event put up by ICTSI and organized by Pilipinas Golf Tournaments, Inc. with PLDT Enterprise, Meralco, BDO and PGT Asia official apparel Pin High as chief backers.

He slipped to joint third at 142 with a hot-charging Ira Alido, a steady Rupert Zaragosa and a defiant Lane-Weston, who blew a three-birdie binge after four holes at the back with three bogeys in the next four then closed out his frontside with a 37 also for a 73,

Yam Concepcion thrilled to work with Yam Laranas

0
YAM CONCEPCION

Yam Laranas directs Yam Concepcion for the first time in Viva’s horror film, “Nightshift.”

“Nightshift,” also written by Yam, revolves around Jessie, a medical technologist who has eerie experiences while working on a straight shift one stormy evening. She doesn’t believe in the afterlife, but she is suddenly creeped out by the strange sounds that seem to be coming from the cadavers. She cannot shake off the feeling that they seem to be coming back to life. As her fear intensifies, Jessie begins to ponder on the idea of the Final Judgment. And if indeed the day has come that people rise from the dead, she is tormented about meeting her own end.

At the movie’s press con, Laranas revealed there was only one person in his mind as the movie’s lead.

“Ako when I think of a story I already think of who the actor will be, and nobody else was in my mind but Yam,” said the director, “I wrote the story based on a lot of research about death and dying, about medical studies. Then I said who has the characterization, that kind of personality that can carry a horror film by herself? And that intelligence. And Yam is the best.”

Although they had not worked before, Yam said he saw in the actress acting and immediately, he knew she had the intelligence needed to play the role.

“Ganun ako, when I see someone acting, kahit 2 seconds, snippet lang, alam ko na na, uy magaling itong umarte,” he added. “Because the role calls for someone who has to have that degree na kayang madala ang role. I like working with actors who go deeper than just memorizing lines….”

It was a thrill and an honor for Yam to be chosen for the role. On the get go, she was intrigued when she was given the plot.

“I was still taping Halik when I received the message asking if I would do a movie with him. ‘It’s a contained cerebral horror happening in one night, in a morgue’ — I remembered your message. Ang sabi ko, pwede,” the actress revealed.

Yam said she is a fan of Laranas, and got a lot of positive reaction from her friends when they learned she was going to work with him.

“I have always been a fan of Direk Yam Laranas’ work. Of course, he is known for his beautiful cinematography and storytelling. May mga friends nga ako when they learned I was doing a movie with Direk Yam, ‘O my God, the director of “Sigaw!”’ They were all so excited,” she recalled.

This is Yam’s first lead role in a horror movie. She was very convincing as a villain in the drama series “Halik” on ABS-CBN, it’s about time she shows us her acting prowess in the horror genre, especially with the big twist that the movie has in store.

“Night Shift” opens in cinemas tomorrow, January 22.

SE Asia marts trim gains

0

Most Southeast Asian stock markets trimmed early gains on Friday as mounting Middle Eastern tensions dented sentiment, while the Philippine index closed 1.3 percent firmer after investors picked up beaten-down stocks.

Risk appetite across global markets faltered after US airstrikes at Baghdad airport killed Iranian Major-General Qassem Soleimani, heightening geopolitical tensions.

Most regional markets pulled back from session highs yet ended in the black, with most of them posting solid weekly gains, as a steady growth in China’s production activity and its central bank announcing a cut in banks’ reserve ratio supported the mood.

Against the backdrop of a thaw in trade tensions between the United States and China, global markets had seen renewed appetite for risk assets.

“Investors appear to bet that the initial caution will pass, preferring to focus on the broader global recovery story,” said Jeffrey Halley, senior market analyst, Asia Pacific at OANDA.

The Philippine index on Friday rebounded from previous session’s sharp decline to close at its highest in more than a week, underpinned by industrial and consumer stocks. The index gained 0.3 percent for the week.

“The PSE has managed to bounce from yesterday mainly on bargain hunting after the first day slump,” said Nicholas Antonio Mapa, senior economist at ING.

Universal Robina Corp and JG Summit Holdings Inc were the top percentage gainers in the benchmark index. – Reuters

Trump: US-China trade deal close

0

WASHINGTON/BEIJING – The United States and China are close to agreement on the first phase of a trade deal, US President Donald Trump said, after top negotiators from the two countries spoke by telephone and agreed to keep working on remaining issues.

Trump said Washington was in the “final throes” of work on a deal that would defuse a 16-month trade war with Beijing, but also underscored Washington’s support for protesters in Hong Kong, a potential huge sore point with China.

China said it had summoned US Ambassador Terry Branstad on Monday to protest the passage in the US Congress of the Hong Kong Human Rights and Democracy Act, saying the bill amounted to interference in a Chinese internal matter.

“We’re in the final throes of a very important deal, I guess you could say one of the most important deals in trade ever. It’s going very well but at the same time we want to see it go well in Hong Kong,” Trump told reporters at the White House.

He said had a very good relationship with Chinese President Xi Jinping, and expected him to ensure a positive outcome in the Chinese-ruled city of Hong Kong, where pro-democracy parties won almost 90 percent of 452 district council seats in Sunday’s elections.

“I think that President Xi can make that happen. I know him and I know he’d like to make it happen,” Trump said, without elaborating on what exactly he expected Xi to do.

Trump’s upbeat comments about the trade talks lifted markets, with Wall Street’s three major indexes hitting all-time highs on Tuesday.

His remarks followed a telephone call on Tuesday by US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin with Chinese Vice Premier Liu that was disclosed by China’s Commerce Ministry.

It said the negotiators discussed core issues related to the phase one deal and reached “a common understanding on resolving relevant problems.”

Completion of a phase one deal had been expected in November, but trade experts and people close to the White House said last week it could slide into the new year, given China’s pressure for more extensive tariff rollbacks.

White House adviser Kellyanne Conway told Fox News the United States and China were “getting really close” on a “phase one” trade deal. She said Trump wanted to “do this in phases, in interim pieces because it’s such a large, historic trade deal.”

Senate Finance Committee Chairman Chuck Grassley, an Iowa Republican, told reporters on Tuesday that he believed the initial deal with China could be done before year end.

He said China had invited Lighthizer and Mnuchnin to visit Beijing for in-person talks and they were willing to go if they saw “a real chance of getting a final agreement.”

The U.S. trade representative and the Treasury did not respond to requests for comment. A source familiar with the trade talks said the US officials could go to Beijing after Thursday’s Thanksgiving holiday.

In October, Trump said he expected to quickly dive into a second phase of talks once “phase one” had been completed, focusing on harder issues such as Chinese demands that US companies transfer their technology to Chinese rivals.

US and Chinese officials, lawmakers and trade experts warn such follow-on negotiations may prove difficult given the November 2020 US presidential election, the difficulties in getting the first stage done, and the White House’s reluctance to work with other countries to pressure Beijing. — Reuters

Robles leads PH charge in archery

0

FRESH from winning a gold medal in the World Women’s Open Archery Championship in Macau earlier this month, Andrea Robles will lead the 16-member national archery team in the 2019 Southeast Asian Games at the New Clark City Sports Hub in Capas, Tarlac.

Two archers will represent the country in each of the four major events — men’s and women’s indoor events and men’s and women’s outdoor events.

Robles, Olympian Jennifer Chan, Roberto Badiola, Paul Marton dela Cruz, Andrei Johan Olano, Arnold Rojas, Rachelle Ann dela Cruz , and Abigail Tindugan make up the compound team set to compete in indoor events.

The recurve archery team that will compete in outdoor events will be bannered by Jason Emmanuel Feliciano, Carson Francis Hastie, Florente Matan, Youth Oympian Luis Gabriel Moreno, Phoebe Nicole Amistoso, Gabriel Bidaure, Pia Bidaure, and Karil Hongitan.

The archery competitions are slated from Dec. 4 to 9.

Although she was among the lowest ranked archers in the field in Macau, Robles, 21, humbled the competiton that incuded the likes of favorite Sarah Prieels of  Belgium, world No. 1 Alexis Ruiz of the United States, and No. 3 Paige Pearce, also of the US.

Singapore exports shrink

0

SINGAPORE- Singapore’s exports in October shrank for the eighth straight month and were worse than analysts’ expectations as shipments of electronics continued to slide, official data showed on Monday.

Non-oil domestic exports (NODX) last month fell 12.3 percent year-on-year, compared with a drop of 8.1 percent in September, data from the trade agency Enterprise Singapore showed. A Reuters poll had forecast shipments to fall 10.4 percent.

On a seasonally adjusted month-on-month basis, exports fell 2.9 percent in October after a drop of 3.3 percent in the previous month. The poll had predicted an increase of 1.4 percent.

Electronics shipments fell 16.4 percent year-on-year in October.

Singapore’s prime minister earlier said that the city-state’s economy should hopefully have slightly expanded over the course of 2019.

Lee Hsien Loong said the trade-reliant economy, seen as a bellwether for global growth, was facing uncertain times due to the Sino-US trade war and a global economic slowdown.

The city-state narrowly dodged recession in the third quarter, data showed this week, and its central bank eased monetary policy for the first time in three years.

“This year we will be well under 1 percent (growth),” Lee said, speaking at the Forbes global CEO conference. “If we are lucky, we should be above zero but the momentum has substantially diminished.”

Authorities have forecast full-year growth of between 0-1 percent in 2019.

Lee, 67, the son of Singapore’s founding father Lee Kuan Yew, added that he planned to hand over the reins to his successor shortly after an election widely-expected to take place within months.

“After the next general election, I hope within a not too long time, I’ll be able to hand over to my successor,” Lee said.

He declined to comment on the exact timing of the election, which must take place by early 2021.

Singapore’s central bank last month eased its monetary policy for the first time in three years as widely expected.

In a statement, the Monetary Authority of Singapore (MAS) said it would lower slightly the slope of the Singapore dollar’s policy band, while the width and centre of the band would not be changed.

The MAS manages monetary policy through exchange rate settings, rather than interest rates, letting the Singapore dollar rise or fall against the currencies of its main trading partners within an undisclosed band.

Eleven economists polled by Reuters had all expected Singapore would join a global trend toward policy easing as economic uncertainties mount.

Meanwhile, Taiwan’s export orders likely fell for a 12th straight month in October, but at a slightly slower pace than the previous month, amid tepid demand for electronics despite improving growth outlook for the island’s manufacturers, a Reuters poll showed.

The median forecast from the poll of 12 economists was for export orders to drop 3.76 percent from a year earlier. The forecasts ranged widely from a decline of 7.6 percent to a growth of 7.9 percent. – Reuters

Baldwin, Eagles brace for UST fightback

0

COACH Tab Baldwin of defending two-time champion Ateneo and University of Santo Tomas counterpart Aldin Ayo have battled each other in the Big Dance twice, with Ayo, then calling the shots for La Salle, wining in 2016.

The following year, Baldwin got back at Ayo as the Blue Eagles beat the Green Archers in the title duel and ended a five-year title drought.

Baldwin knows Ayo has numerous aces up his sleeves and that explains why he refused to count the Growling Tigers out despite their runaway 91-77 triumph in Game 1 of their best-of-three battle for the 82nd UAAP crown.

“We know we’re in for a really tough game on Wednesday. The one thing we’ve been talking about since we knew UST was our opponent was that teams that Aldin (Ayo) coaches, they don’t ever quit, they don’t ever back down. While the next game is the second half for us, it’s Game 2 for them,” said Baldwin.

“Well, it’s good to get the win obviously. But we tend to not really see that as a win. We see that as the first half of basketball and we just get a long halftime break. We get to prepare for the second half, which will be in your eyes, Game 2. A lot to work on,” he added.

The win, the Eagles’ 14th straight after a 14-0 elimination round sweep, enabled them to move within a victory of a three-peat and their 11th title overall.

Ateneo is also bidding to become only the fourth school and only the seventh team in UAAP history to win the title unbeaten.

The Eagles have not swept a season, not even during their historic five-year reign under coach Norman Black from 2008 to 2012.

Baldwin insisted his charges should not keep their feet off the pedal to close out the series.

“I told our guys before the game that I think this is a must-win game for us. I don’t see Wednesday’s game any different. I think it’s a must-win game for us (Game 2). We need to have the attitude that it is a must-win game,” said Baldwin.

“And you know, we’ll see how easy it is to develop that attitude going into that game. But nothing but praise for both teams. But we need to play better defense to be the team that we want to be.”

In front of an SRO crowd of 19,176 fans at the Smart Araneta Coliseum, forward Thirdy Ravena shone anew for Ateneo with a season-best 32 points to go with five rebounds and three assists while 6-foot-10 Angelo Kouame of Ivory Coast notched a double-double of 18 markers and 12 boards, and five dimes.

SJ Belangel went 4-of-8 from deep and also finished with 12 points for the Eagles, who came off a 16-day break after their 86-64 drubbing of University of the Philippines last Oct. 30.

The Tigers survived three straight knockout matches in the stepladder semifinals, counting their pulsating 68-65 decision over the Fighting Maroons last Nov. 13 to reach the finals.

Rookie of the Year Mark Nonoy led UST with a career-high 26 points, while Brent Paraiso and MVP Soulemane Chabi Yo added 14 and 13, respectively.

Marian collaborates anew with Beautederm

0

Hands-on and meticulous, actress Marian Rivera-Dantes takes pride in caring for her loved ones. She loves being a wife to Dingdong Dantes and mom to Zia and Ziggy. She cooks for them, breastfeeds, and personally attends to their needs. She knows her way inside the home and knows how to clean and care for the household.

When it comes to her career, she is as meticulous. She picks her projects carefully and gives her all to her role. When it comes to accepting endorsements, Marian is as particular.

She needs to believe in a product before she says yes. She personally tries it before agreeing to be its brand ambassador.

So when she became the face of Reverie by Beautéderm Home last year, it meant she did not only like the home scents she endorsers — she really uses them. In fact, Beautederm president and CEO Rhea Anicoche-Tan said Marian was involved in selecting the smell and also finding the right packaging for the scents. The whole Reverie by Beautéderm Home line — Into the Woods (Bamboo Scent), Smells Like Candy (Cherry Scent), Time To Bloom (Fresh Rose Scent), Something Minty (Eucalyptus Scent), and Rest and Relaxation (Lavender Scent) — was crafted in close collaboration with Marian.

And the partnership, which started last year, has been a massive success.

“Marian is a blessing,” said Rhei Tan, who revealed that sales of Reverie by Beautederm Home tripled as soon as the actress got on board.

On its second year, the ties have only gotten stronger. Aside from Reverie by Beautederm Home’s soy candles and room and linen sprays, Beautederm Home has released an essential oil diffuser and fragrance oils.

“I am so happy to represent Beautéderm Home,” said Marian. “Beautéderm Home is like a family to me. I literally feel like I’m at home every time I’m with them and every time I work with their team. Rhea has always made me feel so comfortable and my partnership with her is really something that is very dear to my heart. I am grateful that Beautéderm Home has renewed me for another year and I am humbled for the trust that they are giving me.”

And there is more to come.

“Beautéderm Home and Marian are currently developing new products that will be added to the line due to the success of Reverie,” said Rhea Anicoche-Tan, “We at Beautéderm really felt the ‘Marian fever’ when we launched her last year and we continue to feel that now because of the very good sales of Reverie. We are ecstatic to have her onboard and we can’t wait to work with her again for another fruitful year.”

Beautéderm was founded and established in 2009 by Rhea Anicoche-Tan. The company embodies Rhea’s principle that beauty begins by taking care of one’s self, and by doing so a person will become more healthy and shall exude beauty not only in the outside but in the inside as well.

As one of today’s top leaders in the beauty and wellness industry, Beautéderm prioritizes safety and effectiveness above all with its FDA Notified products, which only uses natural ingredients that are perfectly synergized to deliver the fastest and most effective long-term and sustainable results. A consistent Superbrands awardee, some of the flagship brands of Beautéderm are Beautéderm Skin Set; Beautéderm’s Purifie Facial Wash; and Beautéderm’s Origin Senses perfume line for men as well as a new set of Beauté Balm, Au Revoir Skin Soothing Oil, and Cristaux Gold Elixir Serum. Currently, Beautéderm has close to 100 physical stores throughout the country and one in Singapore, and has almost a thousand resellers and distributors both locally and internationally.