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CLI reservation sales hit P2.7B in 1st quarter amid strong demand

CEBU Landmasters, Inc. (CLI) said reservation sales jumped 24% in the first quarter, keeping the property developer on track to hit its P7-billion target this year. In a statement, CLI said it sold P2.7 billion worth of projects in the Visayas and Mindanao, which represent 38% of the full-year target. This is also the company’s […] The post CLI reservation sales hit P2.7B in 1st quarter amid strong demand appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineApr 16th, 2018

Electric coops report stronger sales nationwide

Electric cooperatives' sales in the first quarter jumped 11 percent amid increased demand nationwide, according to the National Electrification Administration (NEA). The numbers "show an upward trend in the demand for electricity in the rural areas, a positive surge in economic activity, including those in production, manufacturing and consumer trade being catered to and aptly provided by electric cooperatives in the past year," NEA Administrator Edgardo Masongsong said in a statement. "These numbers, while showing a direct correlation between the services of the electrification sector and national growth, also validate our contention that [power cooperatives] drive the rural econo...Keep on reading: Electric coops report stronger sales nationwide.....»»

Category: newsSource:  inquirerRelated NewsJun 27th, 2018

PH economy grew 6.9% in third quarter

The Philippine economy rose at a faster pace in the third-quarter of the year amid the recovery of the export sector along with strong public spending and robust domestic demand, Socioeconomic Planning Secretary Ernesto E. Pernia said Thursday. #BeFullyInformed PH economy grew 6.9% in third quarter The Philippine economy rose at a faster pace in… link: PH economy grew 6.9% in third quarter.....»»

Category: newsSource:  manilainformerRelated NewsJan 6th, 2018

Globe Q3 profit rises amid strong demand for data

By Arra B. Francia, Reporter EARNINGS of Globe Telecom, Inc. attributable to the parent soared 76% in the third quarter of 2017, as the company continued to benefit from the expansion of its data segment in mobile and home broadband. In a regulatory filing on Friday, the telecommunications giant said it delivered a net income […] The post Globe Q3 profit rises amid strong demand for data appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 3rd, 2017

Corporate News: DMCI Homes reservation sales to hit P25.5 billion for Dec.-June

THE property arm of DMCI Holdings, Inc., the holding firm of the Consunji family, will hit its 12-month target for reservation sales this month on strong demand for its projects in Metro Manila and key urban cities......»»

Category: financeSource:  bworldonlineRelated NewsJun 6th, 2017

Wilcon's IPO meets strong demand

WILCON Depot, Inc.'s P7-billion initial public offering (IPO) received strong interest from domestic investors, encouraged by the company's prospects and pent-up demand amid the dearth of maiden share sales, the issue manager of the deal said......»»

Category: newsSource:  bworldonlineRelated NewsMar 26th, 2017

Coach of England wins the nation s heart by being a nice guy

By Danica Kirka, Associated Press LONDON (AP) — In an age of tattoos, tongue piercings and tensions over Brexit, a soft-spoken man in a dark blue waistcoat and striped tie is uniting England amid dreams of victory in soccer's World Cup. Coach Gareth Southgate is the buttoned-down leader of a new generation of players who speak softly and let their victories silence critics. And England supporters have found that refreshing after years of underperforming teams led by stars such as David Beckham, who became as much a celebrity as an athlete. "He's very much about a team spirit. It's more about the collective — you can see it in the way he deals with the squad," said Paul Willis, who was in the stands last Saturday in Samara, Russia, when England reached the semifinals with a 2-0 victory over Sweden. "We had superstars, but we didn't have a team." Southgate's focus on teamwork and civility has made him an unlikely icon in a country that is deeply divided by bitter arguments over plans to leave the European Union and a widening gap between rich and poor. England Captain Harry Kane may be the tournament's leading scorer, but fans are donning waistcoats and ties — even as the country enjoys an unusually hot summer — in homage to Southgate as pundits extol the 47-year-old coach's calm leadership. "He has shown us the value of courtesy, kindness, hard work and that most derided of virtues, niceness," columnist India Knight wrote in the Sunday Times. "He has redefined not just how to be a manager, but how to be a man." Southgate displayed his character after England's July 3 victory over Colombia, offering a supportive hug to Colombian player Mateus Uribe after his miss in a penalty shootout helped England advance. The England coach understood Uribe's agony, having missed a similar shot at the 1996 European championships. The moment of empathy also reminded the country how Southgate once lampooned his own failure with a Pizza Hut commercial in which he wore a bag over his head to shield his identity from angry fans. Southgate's compassion sparked a hashtag for the coach's real and imagined acts of kindness such as "#GarethSouthgateWould stop and help you put the chain back on your bike even if he was all dressed in his waistcoat and late for the game." Southgate became manager less than two years ago after the Football Association's first choice was forced out after unguarded comments to undercover reporters. Since then he has quietly ushered out the last of the old stars and brought together a group of youngsters who modestly shrug off compliments and give kudos to their teammates. Perhaps more importantly, he recognized the contribution of the fans, something that had been eroded during the superstar era. After every game, Southgate and his players walk across the field to applaud the supporters who have traveled to Russia to cheer for the team. "We had lost a bit of connection," Willis, a 57-year-old fan from Birmingham, said of past regimes. "That is now back. All the team and the back room applaud our input to the game." That has also translated into huge support back home in football-mad England. At least 20 million people, 38 percent of England's population, watched Saturday's victory over Sweden, according to figures from the BBC. Commentators say the actual number was much higher because so many people watched the game on huge screens in parks and shopping centers. London authorities are inviting 30,000 fans to the city's Hyde Park for a screening of Wednesday's semifinal against Croatia. Fearing demand will far exceed that, authorities stressed that only those with tickets should come to the park. Ticket services reported hundreds of people were trying to dump theater tickets for Wednesday because they had more pressing business elsewhere. Social media sites are urging fans to wear waistcoats — please don't call them vests — to the office ahead of the big match — a "Waistcoat Wednesday" if you will. Marks & Spencer, the official tailor to the England team, says sales of the grandfatherly garments have doubled during the World Cup. Rio Ferdinand, one of the previous "golden generation" of players who is now a commentator for the BBC, has been leading the cheers for this year's team, asking fans to post video of their beer-throwing, chest-bearing, flag-waving celebrations after the win over Sweden. On Sunday, Ferdinand tweeted his own mea culpa for past failures, while also highlighting Southgate's unique contribution. "Why weren't the golden generation... the golden generation???" he tweeted. "We as players look at ourselves first...we never performed....but sometimes you have to be allowed to perform! Gareth is allowing this current @England to do this." That's paying off. Kane, who turns 25 later this month, has scored six goals in the tournament. Dele Alli, 22, came back from injury to score the team's second goal against Sweden. Fabian Delph, 28, played the last 15 minutes of Saturday's game after missing the previous game against Colombia because Southgate allowed him to go home for the birth of his third child. Southgate himself recognizes the contributions of everyone, from the physiotherapists to the players who push their teammates in practice but rarely get into a game, even to fans back home. "Our country has been through some difficult moments recently in terms of its unity, and I think sport has the power to do that and football in particular has the power to do that," he said. "So for us, we can feel the energy and we can feel the support from home, and that's, that's a very special feeling. It's a privilege." Barring that, it does help to have a snappy waistcoat. "Quite frankly, I don't care what he wears," Willis said. "He can wear a tutu if we carry on winning.".....»»

Category: sportsSource:  abscbnRelated NewsJul 11th, 2018

French cognac gets green light for ‘XXO’ label

French cognac will soon be able to be marketed as XXO, or "extra extra old," after regulators accepted a push by distillers to modify strict sales and production rules, an industry group said Monday. Currently, producers can apply only three quality distinctions: VS (very special), VSOP (very superior old pale) or XO (extra old)---all written in English in a nod to Britain's historical involvement in the brandy trade. But cognac heavyweight Hennessy, eyeing strong demand in Asia, had begun marketing a prestige bottle as "XXO Cognac Hors d'Age," or Beyond Age. France's consumer protection agency ordered Hennessy to pull the distinction from the labels in December, saying buye...Keep on reading: French cognac gets green light for ‘XXO’ label.....»»

Category: newsSource:  inquirerRelated NewsJun 26th, 2018

ALI unit expands Davao luxury residential project

AYALA LAND Premier (ALP) is launching the second tower of its luxury residential project in Davao City within the year, after seeing strong demand for the first tower where it generated P2.6 billion in sales. The post ALI unit expands Davao luxury residential project appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 20th, 2018

DOF: Top Japanese banks see strong demand for Philippine samurai bond float

The Department of Finance on Wednesday said top Japanese banks expect strong demand for the Philippines’ first stand-alone "samurai" bond float set in the third quarter of this year......»»

Category: financeSource:  philstarRelated NewsJun 20th, 2018

Megaworld to launch P80-B worth of projects this year

Megaworld Corp. is scaling up its residential project launches to P80 billion this year, banking on the continued strong demand for properties from both local and foreign buyers. In the first quarter of the year alone, Megaworld Senior Vice President Jericho P. Go said the company has already matched the value of projects it launched… link: Megaworld to launch P80-B worth of projects this year.....»»

Category: newsSource:  manilainformerRelated NewsJun 15th, 2018

PBA: NLEX still clinging to flicker of hope remaining

With a 2-7 record, the NLEX Road Warriors' playoff hopes are getting slimmer by the minute. However, for coach Yeng Guiao, NLEX will still be trying to hold on to a 'flicker of hope remaining,' if they could win their remaining games against San Miguel and Magnolia, and hope for the best to force a tie at the bottom of the playoff picture. The 11th-seeded NLEX were able to make things interesting in the third quarter, taking a four-point lead briefly against the top-seeded Aces before collapsing in the final quarter. Even though they were not able to last against the Aces, Guiao commended his wards for making the game competitive up until the buzzer, a trait he wants to see the rest of the way. "If we're not lucky enough to make the playoffs this conference we’ll play as hard as we can the last two games and we’ll consider that as preparation for the  next conference...Baka may ano pa, baka-maka-tie ka pa. Meron ka pang playoffs ano? There's still a ficker of hope remaining, so we will hang to that." The six-time PBA champion coach was impressed with Mac Tallo's NLEX debut, who contributed 11 points, 3 assists, 3 steals, and 2 two blocks in his first game in six months, recovering from latent tuberculosis. He also let go of Tallo's blunders, who gave away the ball four times, but he vows to give a strong piece of his mind in the following games. "We have to demand something better out of his judgment, out of his decision-making, I think that will happen ano? Because MVP to sa Cebu, he's a go-to-guy, he can score, he can pass, he's a creator no for the team. And that's exactly what we need even without Kiefer and Kevin." As another project seen by the longtime coach, Guiao sees a combination of former Red Bull guard and Cebu teammate Jimwell Torion and the body structure of former league MVP Willie Miller. "He’s a strong point guard who can withstand a physical game," he said of the comparison for the first-round pick in the 2017 PBA Rookie Draft. Despite trying to fill the shoes of the backcourt of Kiefer Ravena and Kevin Alas, the NLEX mentor is not putting expectations for Tallo, already entrusting him with almost 20 minutes of playing time. "Wala akong pressure sa kaniya. I just want his natural game to develop, I just want him to be able to grasp the system of the team and the philosophy. Kaya binabad ko na siya today." __   Follow this writer on Twitter, @philipptionary......»»

Category: sportsSource:  abscbnRelated NewsJun 15th, 2018

Megaworld to launch P80-B worth of projects this year

Megaworld Corp. is scaling up its residential project launches to P80 billion this year, banking on the continued strong demand for properties from both local and foreign buyers. In the first quarter of the year alone, Megaworld Senior Vice President Jericho P. Go said the company has already matched the value of projects it launched […] The post Megaworld to launch P80-B worth of projects this year appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 15th, 2018

STRONG DEMAND | ‘Good reception’ seen as RTB sale begins

THE FIRST DAY of sale of the three-year retail Treasury bonds (RTB) bared strong demand for the debt papers amid ample liquidity in the market. The post STRONG DEMAND | ‘Good reception’ seen as RTB sale begins appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 31st, 2018

‘Good reception’ seen as RTB sale begins

THE FIRST DAY of sale of the three-year retail Treasury bonds (RTB) bared strong demand for the debt papers amid ample liquidity in the market. The post ‘Good reception’ seen as RTB sale begins appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 30th, 2018

T-bill rates drop on strong demand

Treasury-bills rates went down across the board during yesterday’s auction amid healthy demand from investors, prompting the Bureau of the Treasury to fully award all securities......»»

Category: financeSource:  philstarRelated NewsMay 29th, 2018

DMCI unit’s energy sales up 17% in Q1

DMCI Power Corp. recorded a 17% increase in its energy sales in the first quarter to 63 gigawatt-hours (GWh) from 54 GWh, after the off-grid areas it serves all recorded higher volumes during the period. “The increasing electricity demand in our service areas is primarily driven by the growth in household consumption and entrepreneurial activities. […] The post DMCI unit’s energy sales up 17% in Q1 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 23rd, 2018

Business of Football - Philippines highlights football s growth in the country

MANILA -  The recent success of The Azkals, with their Asian Cup qualification, and their FIFA ranking at its highest at 111, has given football a renewed confidence, and a positive outlook in terms of the growth of the sport in the Philippines.   Football is now tipped to become the fastest growing sport in the country, with the largest potential for success commercially, and in terms of on-pitch success.  The sport which is currently number 3 in the Philippines in terms of popularity and participation, after basketball and boxing, is said to be still further behind compared to other sports, such as volleyball, billiards, etc., in terms of TV coverage. These were among the insights and trends gathered from top-notch executives of organizations such as AFC, PFF, PFL, LaLiga, Dentsu X, SMG Insight, Globe Telecom, RSportz, Toby Sports and Manila Times, at the ‘Business of Football - Philippines’, organized by MMC Sportz.  The sold-out event was attended by more than 185 local and foreign delegates on 18 May 2018 at the New World Makati Hotel.   MMC Sports CEO Eric Gottschalk says, “Research in this market, shows that TV is still the number one platform here in the Philippines, and is the number one medium that advertisers are looking for, to spend their budgets on.  We also learned that live TV coverage actually stimulates stadium attendance, and not vice versa.  If there’s more football on TV, we will see more fans in the stadium.  Currently football is not ranked among the top 100 TV programmers in the Philippines and is only number 3 sport in terms of participation and popularity after basketball and boxing.  Football needs media in order to drive commercial revenues for the clubs.”   “Now is also the perfect time to get involved in football since sponsorship and advertising opportunities are currently very affordable compared for example to basketball, but this is predicted to change within the next 6-12 months, as values are expected to increase sharply.  Football also needs to create more idols and heroes to attract more media coverage overall, other than just covering game scores. Each team has a unique story which just needs to be told,” says Gottschalk. Following the presentation about the Philippines Football League (PFL) it was agreed that the PFL now fills the lack of regular created football content as the leagues matches (87 in 2018/19 season) contribute year-round stories to keep football in the news. In the past, the main talking points were around the Azkals which only play very few home matches each year.      Public education about the game of football is also needed on all levels as many people in the Philippines are still not aware about the rules or aware of programs available like coaching academies, amateur competitions, or how and where to follow the professional league.  Ten thousand (10,000) qualified grassroots coaches are also needed to satisfy the local demand and to trigger strong football development and growths. Investors on the other hand are looking for consistency and credibility of the football product but with the PFL in the second season and foreign sponsors expected to invest in the Philippines, local brands should consider to follow suit.  On the sports retail side, only 1.5% of current retail sales are attributed to football, while basketball enjoys a healthy 46% market share. As a result, only limited line items and stocks are available in stores and entry level boots and replica jerseys are too high priced to be affordable for the average consumer. The national player registration program, MY PFF, has been launched with the objective to collect vital statistics and data about the football community which is urgently needed to support the youth football development strategy of the PFF and to develop a players pathway.  As FIFA has mandated to register the estimated 1.5 million players in the Philippines, the PFF has urged organizers and players to already register online as by next month only registered players will be allowed to participate in sanctioned events. The “Business of Football – Philippines” conference also announced 36 career opportunities related to sports and football, including positions in marketing, legal, competition management and coaching, with all these listing being available online with MMC Sportz or for direct inquiries with the PFF. In his closing remarks, MMC Sportz CEO Eric M. Gottschalk stated that “More importantly, Don’t Break the 12th Man! It is important that all stakeholders don’t forget to engage with the fans. The fans are the most important aspect of the development of football in the Philippines – if there are no fans of football then there is no media, no spectators, no players, no games, no business. Everyone is required to ensure we keep the fans (football consumers) engaged year-long and the first step would be to get the media behind the game. There is a strong football - community out there already and hopefully, we the TV broadcasters will take another look at football and give them at least some consideration on the program schedule.  I believe today’s conference was a great success.  We brought the football community together, stimulated thinking, exchanged ideas and transferred a lot of knowledge. Now it is up to the football stakeholders to continue the progress.  From our end (and with the approval of the PFF) we will stage the 2nd edition of BOF early 2019 and hopefully we will be able to report on some of the changes initiated today.”    Speakers who shared their insights include LaLiga Managing Director for South East Asia, Japan, Korean and Australia Ivan Codina, AFC Head of MA Services Domeka Garamendi, SMG Insight Managing Director Frank Saez, Azkals Team Manager Dan Palami, Globe Director for OIC, Citizenship and Advocacy Marketing Miguel Bermundo, PFL CEO Lazarus Xavier, PFF General Secretary Atty. Edwin Gastanes, Ignite Sports Group Managing Director Michael Reyes,  Asian Replica Designs Founder & Owner Jonathan Mallinson, Quorum Group President & COO Jose Claudio, Jr., Mediapro Asia Director of Sales and Sponsorship Salauddin Sinnakandu, and MMC Sportz Marketing CEO Eric Gottschalk.  Organized by MMC Sportz Asia, the event was sanctioned by the Asia Football Confederation (AFC) and the Philippines Football Federation (PFF), and sponsored by La Liga, Dentsu X, SMG Insight, RSportz, Globe Telecom, Toby’s Sports, Manila Times and Platinumlist. - RELEASE  .....»»

Category: sportsSource:  abscbnRelated NewsMay 22nd, 2018

Cirtek net income up by 14% on strong revenue growth

Cirtek Holdings Philippines Corp. (CHPC) grew its net income by 14% in the first quarter of 2018, driven by a double-digit increase in revenues following the consolidation of its recently acquired firm alongside higher sales in its semiconductor unit. In a regulatory filing, CHPC reported a net income of $1.94 million in the January to […] The post Cirtek net income up by 14% on strong revenue growth appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 21st, 2018

Property companies deliver mixed results in Q1

By Arra B. Francia, Reporter SOME property developers in the country reported mixed results for the first quarter of 2018, amid sustained demand for residential projects. ROCKWELL LAND Rockwell Land Corp. grew its attributable profit by a fifth in the January to March period to P620 million, higher than the P516 million generated in the […] The post Property companies deliver mixed results in Q1 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 17th, 2018

CPG eyes P13B from Batulao Artscapes Phase 2

CENTURY Properties Group, Inc. (CPG) expects to generate around P13 billion from sales of the second phase of its Batulao Artscapes project in Nasugbu, Batangas. In a statement, Tim Hallett, president of Century Properties Leisure and Hospitality, Inc., said there is strong demand for the project, which it described as the world’s first “livable art […] The post CPG eyes P13B from Batulao Artscapes Phase 2 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 15th, 2018