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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

DMCI Homes sales on track

Consunji-led DMCI Homes is on track to reach its adjusted P40 billion sales target for 2018 on the back of consistent strong sales performance. The company earlier had set its record for reservation sales to P31 billion amid high expectations for the launch of their developments. The housing unit of DMCI Holdings Inc. amassed P33.48 […].....»»

Category: newsSource:  tribuneRelated NewsNov 29th, 2018

DMCI property unit on track to hit P40-B reservation sales

THE property unit of DMCI Holdings, Inc. remains on track to reach its P40-billion target for reservation sales this year, following the strong demand for its projects in Mandaluyong and Pasig......»»

Category: newsSource:  bworldonlineRelated NewsNov 29th, 2018

Jollibee Q2 income jumps 15% amid expansion

STRONG sales from its fastfood businesses in the Philippines and abroad helped lift Jollibee Foods Corp.’s (JFC) earnings 15% higher in the second quarter. The post Jollibee Q2 income jumps 15% amid expansion appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsAug 14th, 2018

Banks seen getting selective in lending

Banks are likely to be more selective when granting loans to companies, but also more liberal when lending to households in the third quarter, amid expectations of continued strong demand for credi.....»»

Category: newsSource:  philippinetimesRelated NewsJul 23rd, 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

BSP sees higher current account deficit for 2018

The country’s external payments position is expected to remain in the red this year and next year amid the country’s strong demand for capital equipment and raw materials to support the expanding economy, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsDec 14th, 2018

Pag-IBIG loan releases up to P58.78 B in 10 months

The Home Mutual Development Fund (Pag-IBIG Fund) has increased the amount of housing loans it released in the first 10 months of the year to P58.78 billion to meet strong demand amid the low interest rates it offers......»»

Category: financeSource:  philstarRelated NewsDec 8th, 2018

DMCI Homes on track to meet P40 billion sales target

DMCI Homes, the quadriple A developer of the Consunji Group, expects to beat its P40 billion adjusted sales target for the year, driven by strong demand for its various projects in the first nine months......»»

Category: financeSource:  philstarRelated NewsNov 29th, 2018

DMWAI sees strong MidPark sales

D.M. Wenceslao & Associates, Inc. (DMWAI) looks to generate P9 billion from its second residential project in Aseana City called MidPark Towers, banking on the demand for more housing units in the Bay Area......»»

Category: newsSource:  bworldonlineRelated NewsNov 26th, 2018

Golden Bria Q3 net profit P318.68 million, up 66.8%

THE Villar-controlled Golden Bria Holdings, Inc. posted a net profit of P318.68 million in the third quarter, up 66.8%, after the company reported strong real estate sales......»»

Category: financeSource:  bworldonlineRelated NewsNov 16th, 2018

Ayala Land net income rises 15% in Q3

AYALA LAND, Inc. (ALI) registered a 15% profit increase in the third quarter of 2018, lifted by the strong demand for residential properties complemented by the expansion of its commercial leasing unit......»»

Category: financeSource:  bworldonlineRelated NewsNov 6th, 2018

RFM earnings rise in Q3 on strong sales

RFM CORP. grew its attributable profit by 10% during the third quarter of 2018, as the strong sales of its ice cream, pasta, milk, and flour managed to offset the higher prices of raw materials during the period......»»

Category: newsSource:  bworldonlineRelated NewsOct 28th, 2018

NBA Asia Managing Director Levy: We don t take the Pinoy fanbase lightly

The Philippines is unique, among the countries Scott Levy, NBA Asia Managing Director, handles. Tasked to oversee the development and expansion of the NBA's strategic initiatives in Asia (with the exception of Greater China and India), the Philippines is a different situation for Levy, compared to say, Thailand, or Malaysia. Unlike other countries in the region, basketball is well-engrained in the local Philippine culture, as is the NBA. In that regard, the job is easy. But diehard fans, and this country is full of diehard NBA fans, want different things, and want much more of it. And Levy and the rest of the NBA Asia office know it's important to keep them happy. Speaking to reporters as part of a roundtable Q&A session, Levy admitted that satisfying Philippine demand continues to be the biggest challenge. Citing the league's local TV partners, which include ABS-CBN, Solar, and FOX, as well as the implementation of League Pass via mobile companies Smart and Globe, Levy said, "We want to make sure that there are enough games, and that there are enough outlets [to get those games], that people can continue to interact and really get to know [the NBA] beyond maybe what the scores are. "We want to bring more players here, bring the real experiences. So we bring NBA players during the year, we bring NBA legends (the league directly brings around 3-4 players and legends to the country each year), we have dance teams, we have mascots [so that] people can get very close to the game." This differs very much from other countries in Asia. Whereas in other countries, NBA Asia devotes resources to growing the game, often teaming up with local governments' sports ministries, there's no need to teach the basics here. "That just means we take a higher level approach to coaching and make sure that there's another step that they may [take]," said Levy, who cited the example of bringing in Fil-Am coach Erik Spoelstra of the Miami Heat into the Philippines to help impart higher-level coaching techniques. Because the country is further down the line in terms of hoops techniques, the league's Jr. NBA program which is presented in the Philippines by Alaska, has played a huge role in recent years. "Nearly two million kids have come through the program...to improve their skill level. Many of our players have moved on to play in the UAAP, in the NCAA. Some are now in the PBA. So we want to contribute to the existing strength of the basketball community here," Levy said. It hasn't always been smooth sailing though. Recently, ventures like the NBA Cafe and the NBA Stores in the Philippines saw their licenses expire and close. For Levy though, it's similar to the familiar "shoot your shot" maxim in hoops. "We're willing to try things and if they're successful, great, we'll continue them," he said. "But if we think there are better ways to engage, we'll do that." Levy added that while the physical stores may be gone, fans can still purchase NBA merch through NBAStore.com, and other places like Nike, Toby's and Titan. Levy also applauded how knowledgable local fans are with regards to players and teams. While it's often thought that a large chunk of Pinoy fans are Lakers fans, Levy said that when you look at the data, it's winning teams that are able to capture the attention of Filipinos, with the obvious exception of teams in areas with large Filipino communities, such as San Francisco and the Golden State Warriors. "For me, here in the Philippines, we don't have to do much more than just make sure the players and the teams are exposed, because Filipino fans understand great play, and they understand great players. And when teams win, or players do amazing things, they become popular here," he said.   Looking ahead to the future, Levy believes that mobile will still be the way to go, though with a caveat. "As the streaming speeds continue to improve...then we'll be able to deliver more content," Levy said. "We'll continue to adjust the delivery of our product as the speeds improve." He added that the league wants to look into more basketball mobile games, even locally or regionally developed ones, to help educate fans on players and give them more ways to interact. To sum it up, Levy once again reiterated that the Philippines is "incredibly important," to the Association. "It probably is the market with the highest fan affinity for basketball, and that's daunting. To satisfy everybody, that's a full-time job. "We don't take the fanbase here lightly. We are focused on making sure that everybody is happy with what they have available and we're listening for the things that we need to do better."   Without a doubt, that's music to the Philippine fans' ears. SIX SHOTS Here are six other topics Levy touched on during the interview: 1. On the Philippines hosting another NBA Global Games "The challenge with [the Global Games] is always, there's 15,000 people in that building, and there's a hundred million Filipinos that we're trying to engage around the NBA. So while the games are great, we are really spending our time figuring out how we can engage a hundred million Filipinos. "But it's always in consideration and hopefully at some point in the future, we'll be able to bring the game back here again." 2. On the impact of a full-Pinoy player making it in the NBA "That question has always perplexed me, because the fanbase here is so strong already. I mean clearly Jordan Clarkson is very popular here, but he's not the most popular NBA player [in the Philippines]. So would a Filipino player be the most popular player? If he was the best player in the NBA, he'd probably be the most popular player, but if he's not, I think Filipinos will follow that player, and will continue to follow the best players in the NBA because that's the expectation here in the Philippines - 'I'm looking for the best players and the best teams and that's who I want to follow.' "But [by] the number of people who are playing in this country, I think it's just a matter of time before we have multiple local Filipinos playing in the NBA. It's definitely going to happen. The game is getting better, the coaches are getting better, the level of talent in the PBA continues to go up, and there are more Filipino players coming to the US and playing in university [NCAA] so it's definitely going to happen." 3. On the passing of FIBA Secretary General Patrick Baumann "I personally knew Patrick and there was nobody that spent more time and energy and basically dedicated their life to the sport of basketball and had such a great impact on the sport of basketball around the world. It’s a tragic loss. Personally, I will miss Patrick and he worked very closely with NBA Commissioner Adam Silver and Deputy Commissioner Mark Tatum. They had just seen him in a FIBA conference in Xi’an, China a few days before and typically with Patrick he was off in Argentina in another basketball event. I mean, he just, he was tireless in his efforts and he had tremendous success and it’s a tremendous loss to the entire basketball community." 4. On the NBA expanding the game towards female fans in the Philippines. "[For the Jr. NBA PH program] our goal is always 50-50, boys-girls. We haven’t yet achieved that here in the Philippines but again, working closely with the schools, working with Alaska, working with SM...the percentage continues to increase. I'm not exactly sure what the [numbers are] last year, but it's still too low. "I think that’s why it’s a little bit of frustrating here. In countries like Thailand and Indonesia, where, well Thailand has more than 50 percent girls, and in Vietnam and Indonesia it’s over 40 percent right now. So, again, our goal is 50-50. This sport is gender neutral, we bring WNBA players into market, we’ve done that many times already and now we’re going into schools to really try to encourage young girls to play the game." 5. On giving tips to local leagues to become more successful "We’re not here to dictate how a league should be run. What we’re trying to do is understand where we can be helpful, if they’re looking for assistance in building an arena, we’re happy to help with that. If they’re looking [at] how to enhance ticket sales, how to expand the live in-arena experience. Whatever it is that they may ask for our assistance, we are here to help. We support local basketball in every way we can but we’re not being prescriptive in saying this is how you should run a league in the Philippines. There’s way more knowledge on the ground here in the country than we have about what’s successful here." 6. On sports stars from other leagues interacting with NBA players "Our players are incredible. They are global icons, they’re incredible on social media which continues to grow their fanbase….because our players are active on social and they’re interested, personally interested in fashion and technology and gaming, and music and they have relationships with Jay-Z and with Usher, with every other top performer and other athletes are also interested because they’re fans. So when we do an event in London, we get calls from players on Chelsea, and on Tottenham and on Liverpool and on Man U and say “Hey, we wanna come to the game because we wanna see these athletes play. "So, anytime there is an athlete that is a fan of the NBA we will look to engage them. We work with all other sports leagues and we’re also fans. Our players are fans. There’s an opportunity to go to Camp Nou in Barcelona, our players want to be there. So, this is more driven by the players, their personal interests in other sports and other athletes and luckily our athletes are generally pretty popular around the world, and we’ll encourage that engagement and facilitate some particularly social media moments where Neymar comes into the locker room and exchanges a jersey with Steph Curry. We had Ronaldinho wearing a Carmelo Anthony jersey, dribbling a basketball on his head. All these moments are really special for the crossover fans from one sport to another. But it’s really driven by our players’ personal interest or other athletes’ personal interest in basketball.".....»»

Category: sportsSource:  abscbnRelated NewsOct 25th, 2018

Vehicle sales slow by 14% in 9 months

Combined sales of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association Inc. (TMA) declined 14 percent in the nine months to September this year from a year ago amid weak demand for passenger cars (PC) and commercial vehicles (CV)......»»

Category: financeSource:  philstarRelated NewsOct 13th, 2018

Nomura hikes 2018 inflation to 5.4%

Nomura Securities Ltd. has raised its inflation forecasts over the next two years amid the persistence of higher oil prices, weather-related disruptions, and strong demand conditions......»»

Category: financeSource:  philstarRelated NewsOct 7th, 2018

Sugar output seen improving

The country’s raw sugar production may slightly improve for the current crop year amid strong local demand, but would still fall short in filling in total national requirement, the United States Department of Agriculture (USDA) said......»»

Category: financeSource:  philstarRelated NewsOct 7th, 2018