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Holcim hoping to ride construction boom, control costs

HOLCIM Philippines, Inc. has outlined its priorities this year, including plans to seize opportunities brought about by an ongoing construction boom, its new head said. John Stull, Holcim’s president and chief executive officer, said the cement manufacturer and distributor will focus on operational improvements, tighter cost management and new building solutions. He said the moves […] The post Holcim hoping to ride construction boom, control costs appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineMay 18th, 2018

Holcim allots P2.4B for 2018 capex

The country's leading cement-maker Holcim Philippines Inc. has earmarked P2.4 billion for capital outlays this year, mostly to boost production capacity and ride on the local construction boom.....»»

Category: newsSource:  philippinetimesRelated NewsMay 19th, 2018

Holcim earmarks P2.4B to boost cement production

The country's leading cement-maker Holcim Philippines Inc. has earmarked P2.4 billion for capital outlays this year, mostly to boost production capacity and ride on the local construction boom. Holcim will prioritize operational improvements, tighter cost management and new building solutions to better benefit from and support strengthening construction activity in the country, newly appointed president and chief executive officer John Stull said during the company's stockholders meeting on Friday. During his address to shareholders, Stull said the company would boost its equipment maintenance programs while continuing to streamline logistics systems and processes for more rel...Keep on reading: Holcim earmarks P2.4B to boost cement production.....»»

Category: newsSource:  inquirerRelated NewsMay 18th, 2018

DA s 2018 NBA Offseason Rankings: The Middle 10

By David Aldridge, TNT Analyst Wonder what the rental market is like in San Luis Obispo, Calif. San Luis Obispo is, give or take a few miles, one of the closest cities that is near the midway point between Los Angeles and San Francisco. Given the events of the NBA’s offseason, it’s not hare to imagine national reporters are going to be spending a lot of time in California next season, bouncing back and forth between the Bay and L.A. Catch LeBron James and the Lakers on Wednesday and then, Stephen Curry, Kevin Durant and the Warriors on Thursday. The Western Conference only got stronger and deeper with James leaving Cleveland for a second time, this time to go to the Lakers. Add four of the top five Draft picks -- including No. 1 overall selection Deandre Ayton (Phoenix Suns), No. 2 pick Marvin Bagley III (Sacramento Kings) and international phenom Luka Doncic (No. 3 pick, acquired by Dallas Mavericks) -- going to Western Conference teams, and the talent disparity between conferences only seems greater. But did Eastern Conference teams take advantage of Cleveland deflating to make their teams better? And how effective were West teams in making their teams better prepared to at least compete with the Warriors? That’s where this year’s Offseason Rankings come in -- big, bold, definitive. You love them, if the amount of hate tweets and e-mails I get after they’re published are any indication. Every year, we rank how all 30 teams have done since the end of their respective seasons. We look at everything -- how they drafted, what trades they made, what players they signed in free agency, and for how much -- or if they didn’t participate in free agency much at all. We look at if they’ve changed coaches, executives, owners, or if they’re moving into a new building that can generate big revenues. And you have to decide which ones you liked the most. Here's what these rankings ARE NOT: A predicted order of finish for next season. It's an opinion that seeks to answer a question: is the team better now than at the end of last season? The ranking reflects the belief on whether, and how much, that is so. (I liked certain guys who were in the Draft more than others, so if your team took them, I probably weighed it more positively. Doesn't mean I'm right.) I do not expect the Suns, for example, to have a better record than the Celtics, just because they had a better summer. It is not a ranking of the teams in order from 1 through 30 right now; I do not believe the Mavericks are now a better team than Rockets. This is just one person’s opinion about offseason moves -- offseason moves only. Is your team better now than it was before? - If your team is ranked in the top 10, it doesn't mean I love your team.       - If your team is ranked in the bottom 10, it doesn't mean I hate your team. It's an opinion that seeks to answer a question: is the team better now than at the end of last season? The ranking reflects the belief on whether, and how much, that is so. (I liked certain guys who were in the Draft more than others, so if your team took them, I probably weighed it more positively. Doesn't mean I'm right.) What plays into the rankings: - This isn’t science. It’s an educated guess, weighing the impact both of the Draft and free agency, but also assessing whether teams got value in their free-agent signings. Overpaying the right player is as much a sin as signing the wrong player. A good new coach can coax some more wins out of a roster. But if a team’s players don’t believe in the system their team uses, the best Xs and Os on earth don’t matter.       - Teams that are rebuilding obviously have different priorities than teams making a championship push. That's factored in. So Chicago, for example, gets credit for adding young, affordable players as it stockpiles its talent -- but that talent has to fit together, as Wendell Carter Jr. does with Lauri Markannen. And a team like the Warriors that shows it’s willing to go deep into the luxury tax -- which most teams try to avoid -- in order to keep winning has to be commended, and its rankings reflect that commendation.       - Continuity matters here as well. The most successful teams usually not only identify a core group of players, they keep them together for a while, finding that sweet spot: everyone doesn’t get a max contract, but most get paid well enough to keep the train moving down the tracks. That reflects both good roster construction and good financial management -- and, again, is rewarded. The explosion in the cap means everyone has to spend; keeping your powder dry for another day doesn’t have as much cache as it used to. But you still have to manage your money wisely. Salary numbers, with a couple of exceptions, come from Basketball Insiders, whose Eric Pincus does the best job of anyone in the game of keeping track of all the moving financial parts, quickly and accurately -- which is why we use him at NBA TV during the Draft and free agency to tell us what the hell this all means. The Middle 10 * * * 11. TORONTO RAPTORS 2017-18 RECORD: 59-23; lost in Eastern Conference semifinals ADDED: Coach Nick Nurse; G Danny Green (acquired from Spurs); F Kawhi Leonard (acquired from Spurs) LOST: Former coach Dwane Casey; G DeMar DeRozan (traded to Spurs); F Alfonzo McKinnie (waived); C Jakob Poeltl (traded to Spurs) RETAINED: G Fred VanVleet (two years, $18.1 million) THE KEY MAN: Nurse. The former Raps assistant has extensive G League head coaching experience. But the NBA isn’t just about a coach’s Xs and Os acumen. We know Nurse can do that. But an NBA coach has to have command presence in a locker room not only full of millionaires, but full of Alpha males who have their own very strong opinions on how they should be used and how their teammates should help them. Nurse will have to show he can put his own stamp on a team that will have some new faces while still having extremely high expectations. THE SKINNY: You may well think Toronto should be higher, based on Leonard’s standing as a top-five player in the league when fully healthy. No matter what you think of DeRozan, a four-time All-Star, no one can realistically say he’s better than “The Klaw” when both are 100 percent. But, of course, we don’t know if Leonard’s 100 percent. And, trading DeRozan, who’d been the franchise’s biggest advocate during his nine seasons there -- and who had led the team to its greatest extended run of success ever -- is not a transaction without consequence for the Raptors. He helped get the best out of Kyle Lowry. He could help recruit free agents. And, the circumstances of his departure have not helped the franchise’s reputation. Still, this is a talent-based league, and Leonard has it. His and Green’s presence on the perimeter gives Toronto the chance to be a switching defensive monster -- and will help the Raptors be able to match up better with the likes of the Boston Celtics and Philadelphia 76ers in a late-May playoff matchup, as long as the Raptors’ young core in which it believes so strongly continues to play as well in reserve as it did last season. 12. MILWAUKEE BUCKS 2017-18 RECORD: 44-38; lost in first round ADDED: Coach Mike Budenholzer; G Donte DiVincenzo (No. 17 pick, 2018 Draft); G Trevon Duval; F Ersan Ilyasova (three years, $21 million); C Brook Lopez (one year, $3.32 million); F Pat Connaughton (two years, $3.2 million); LOST: Former interim coach Joe Prunty; G Brandon Jennings (waived); F Jabari Parker (signed with Bulls) RETAINED: None THE KEY MAN: G Eric Bledsoe. His departure from Phoenix early last season was messy. But once he got to Brewtown, Bledsoe solidified the Bucks at the point, averaging 17.8 points and 5.1 assists per game in 71 starts. At 28, Bledsoe faces the last year of his contract and will have to show a new coach he’s capable of running things long-term and playing alongside Giannis Antetokounmpo through the meat of his prime. THE SKINNY: Budenholzer’s arrival should coincide with an improvement in the Bucks’ defense, something that former coach Jason Kidd could never quite accomplish. Ilaysova’s return for a second tour in Milwaukee should help, with his celebrated charge-taking skill and Lopez’s still-substantial size a double-boon to Milwaukee’s interior D as the Bucks were bottom 10 last season in points allowed in the paint (47.4 per game). If the paint becomes a little tougher to traverse, the Bucks should finally able to use their substantial length on the wing to get back to create deflections and turnovers, and get out in transition, where Antetokounmpo and Friends do their best work and their most damage to the opposition. They’ll do so 41 nights a year for the next couple of decades in the 17,500-seat Fiserv Forum, the Bucks’ new arena that will open in early September with a concert and should pump new revenues into the Bucks’ bloodstream, giving them more financial wherewithal to keep “The Greek Freak” surrounded with high-quality talent. 13. UTAH JAZZ 2017-18 RECORD: 48-34; lost in Western Conference semifinals ADDED: G Grayson Allen (No. 21 pick, 2018 Draft); G Jarius Lyles; G Naz Mitrou-Long LOST: F Jonas Jerebko (waived) RETAINED: G Dante Exum (three years, $33 million); F/C Derrick Favors (two years, $37.6 million), G Raul Neto (two years, $4.4 million); F Georges Niang (three years, $4.9 million) THE KEY MAN: C Rudy Gobert. He’s a monster presence, the hub of the Jazz’s defensive wheel and the reigning Kia Defensive Player of the Year. And he has to take a step back in Utah next season for the Jazz to take the next step forward. He has to understand what Utah has in Donovan Mitchell and let that kid eat. Nobody in the league can do what Gobert does defensively. So embrace that and concentrate on that -- take the Draymond Green attitude about being the “defensive guy” on a great team (not that Jazz fans want you to do anything that Green does). Gobert’s handsomely paid and the DPOY award found him in Salt Lake City; there’s no small-market bias at work here. So let Mitchell and Joe Ingles carry the shooting/scoring load, let Ricky Rubio orchestrate, and snuff out opponent dreams at the other end, night after night. It’s what you were born to do. THE SKINNY: My God, Mitchell had a great rookie season. And Utah brought most of the band back from last season to provide advice and consent for him again, re-signing Favors, Exum and Neto each on very reasonable contracts. Doing so leaves Utah over the cap, still comfortably under the tax, and with nothing on the books that should raise an eyebrow financially. (Utah’s front office should handle my checking account for a while.) Anyway, no reason to expect any backsliding next season with the crew returning, though coach Quin Snyder will surely miss the counsel of his longtime friend Igor Kokoskov, off to run the Suns. 14. ATLANTA HAWKS 2017-18 RECORD: 24-58; missed playoffs ADDED: Coach Lloyd Pierce; F Justin Anderson (acquired from 76ers); G Kevin Huerter (No. 19 pick, 2018 Draft); C Alex Len (two years, $8.5 million); G Jeremy Lin (acquired from Nets); F Omari Spellman (No. 30 pick, 2018 Draft); G Trae Young (No. 5 pick, 2018 Draft) LOST: Former coach Mike Budenholzer; G Antonius Cleveland (waived); G Damion Lee (signed with Warriors); F/C Mike Muscala (traded to 76ers); G Dennis Schröder (traded to Thunder); G Isaiah Taylor (waived) RETAINED: C Dewayne Dedmon (picked up player option) THE KEY MAN: GM Travis Schlenk. The second-year executive will be judged on how well Atlanta uses its trove of Draft picks -- three firsts this year, three firsts next year, two firsts in 2022 -- the next few years. And, ultimately, the Hawks will live or die by whether Young or Luka Doncic becomes the bigger NBA producer. Schlenk’s chances of completing the rebuild may well ride on that. THE SKINNY: The Hawks’ roster teardown is nearing completion, but the renovated Philips Arena will come online faster than the team, which now needs Young to live up to all the hype after his one season at Oklahoma. He has incredible range and great potential, but he’ll be challenged every night to stay in front of the legion of great points in this league. Pierce, the former Sixers’ assistant, is going to have a very tough time melding all the newcomers with the small core of players who survived, including John Collins, Kent Bazemore, DeAndre' Bembry and Taurean Prince. 15. LA CLIPPERS 2017-18 RECORD: 42-40; missed playoffs ADDED: C Marcin Gortat (acquired from Wizards); G Shai Gilgeous-Alexander (No. 11 pick, 2018 Draft); F Johnathan Motley (acquired from Mavericks); F Mike Scott (one year, $4.3 million); F Luc Mbah a Moute (one year, $4.3 million), G Jerome Robinson (No. 13 pick, 2018 Draft) LOST: G Austin Rivers (traded to Wizards); C DeAndre Jordan (signed with Mavs); G C.J. Williams (waived) RETAINED: G Avery Bradley (two years, $24.9  million); C Montrezl Harrell (two years, $12 million); G Wesley Johnson (picked up player option); G Milos Teodosic (picked up player option) THE KEY MAN: F Tobias Harris. He was the key tangible piece of the Blake Griffin trade last season (the intangible being the unprotected first from Detroit in the deal that eventually became Gilgeous-Alexander after a Draft night trade with Charlotte). And Harris played quite well in his 32 games with the Clips, averaging 19.3 points and six rebounds per game. Those numbers could each well go up in a contract year and with few others outside of Lou Williams on the roster that can go get their own buckets. THE SKINNY: Amazing, but true: the Clipper player with the longest current tenure is … Wesley Johnson, who came aboard in 2015. “Lob City” is in the history books and change will be the norm here for a while, including next summer, when the Clippers expect to be a free-agent destination. The Clips did what they could with that not-insignificant restriction, but the best stuff was in the Draft, winding up with a potential long-term point in Gilgeous-Alexander and a two in Robinson that rocketed up the pre-Draft charts. Bradley’s on a very team-friendly and controllable contract, as is Patrick Beverley, whose modest 2018-19 salary isn’t guaranteed until January. Those two and Mbah a Moute can give coach Doc Rivers hope that he can get some stops on the perimeter, because while Gortat is still willing defensively and still takes a bunch of charges, he is not Jordan when it comes to rim protection. 16. BROOKLYN NETS 2017-18 RECORD: 28-54; missed playoffs ADDED: F/C Ed Davis (one year, $4.4 million); F Jared Dudley (acquired from Suns); F Kenneth Faried (acquired from Nuggets); G/F Treveon Graham (two years); F Rodions Kurucs (No. 40, 2018 Draft); F Dzanan Musa (No. 29 pick, 2018 Draft); G Shabazz Napier (two years, $3.7 million) LOST: F Darrell Arthur (traded to Suns); F Dante Cunningham (signed with Spurs); C Dwight Howard (waived); G Jeremy Lin (traded to Hawks); C Timofey Mozgov (traded to Hornets); G Nik Stauskas (signed with Blazers); G Isaiah Whitehead (traded to Nuggets) RETAINED: G Joe Harris (two years, $16 million) THE KEY MAN: Co-owner Joseph Tsai. The Alibaba executive and billionaire has 49 percent of the team, and can buy majority control from Mikhail Prokhorov by 2021. Until then, they’ll run the team jointly, so no matter Prokhorov’s ups and downs, Brooklyn’s financial spigot should never run dry. Tsai reportedly has designs on expanding the Nets’ brand further in China, just as Prokhorov believed the Nets had global reach. They didn’t, at least not the post-KG and Pierce squads. THE SKINNY: If you love Ed Davis like smart people who know basketball do, Brooklyn makes the top half by bringing the ex-Blazer in on a short deal. If he plays great, he’ll cost the Nets a pretty penny in 2019, but Brooklyn has to take chances on guys who can outperform their contracts. The only thing the Nets couldn’t do was take on more ’19 salary when they’ll be in line to potentially add two max players. Won’t be easy to lure the elites, but Brooklyn also has accumulated enough assets to be able to make uneven trades for salaries if need be. In the interim comes next season, with coach Kenny Atkinson needing to continue to develop diamonds in the rough like Graham, who Cleveland wanted and who will help the Nets at multiple positions. 17. CHICAGO BULLS 2017-18 RECORD: 27-55; missed playoffs ADDED: G Antonius Cleveland; C Wendell Carter Jr. (No. 7 pick, 2018 Draft); F Chandler Hutchison (No. 22 pick, 2018 Draft); F Jabari Parker (two years, $40 million) LOST: F Jerian Grant (traded to Magic); G Sean Kilpatrick (waived); G Julyan Stone (waived); F Noah Vonleh (signed with Knicks); G Paul Zipser (waived) RETAINED: G Antonio Blakeney; G Zach LaVine (matched four year, $78 million offers sheet from Kings) THE KEY MAN: G Kris Dunn. As the 24-year-old will be every season he’s in Chicago. The Jimmy Butler trade in 2017 yielded the pick that became Lauri Markannen, and he’s also a key piece to the Bulls’ future. But Chicago won’t ever get elevation again if Dunn doesn’t become an elite point guard in a league full of them. He showed signs last season that he could be just that, most notably a December in which Dunn averaged 14.9 points and eight assists, and the Bulls went 10-6. But a concussion in January derailed Dunn’s progress and his production fell sharply the rest of the season. THE SKINNY: Can Parker play the three, as the Bulls insist he can? There isn’t a ton of evidence suggesting so, and Parker’s hypothesis that he isn’t getting paid to play defense does not provide much comfort. But the Bulls will try him there alongside Markannen and rookie Carter Jr. in what would be a huge frontcourt. Almost $20 million annually for LaVine going forward is also a stretch, but less of one if LaVine comes all the way back from his 2017 ACL tear with a full training camp and season. Carter may be more important to the Bulls’ hoped-for resurgence than Parker and LaVine; the Duke big man has that much potential. 18. WASHINGTON WIZARDS 2017-18 RECORD: 43-39; lost in first round ADDED: C Thomas Bryant; G Troy Brown (No. 15 pick, 2018 Draft); F Jeff Green (one year, $2.5 million); C Dwight Howard (two years, $11 million); G Austin Rivers (acquired from Clippers); G Issuf Sanon (No. 44 pick, 2018 Draft) LOST: C Marcin Gortat (traded to Clippers); F Mike Scott (signed with Clippers) RETAINED: G Jodie Meeks (picked up player option); C Jason Smith (picked up player option) THE KEY MAN: Coach Scott Brooks. Entering his third season in Washington, Brooks keeps saying he wants the Wizards to defend and play fast. But he has to follow that up with action, especially when and if John Wall doesn’t provide the on-ball defense Washington needs to have any chance to unleash a still-potent fast break. Wall is 27 and, if healthy, in his prime. The team takes almost all of its cues from him; when he’s locked in, the Wizards can compete with anyone. But when he’s indifferent, so are they -- as evidenced by their horrible record against bad teams. Brooks has to demand Wall’s best, or be ready to limit his minutes. THE SKINNY: NBA protocol almost demands you hate the pickup of Howard, such is his current perceived valued among many after multiple stops the last few seasons. The guess here is that Howard won’t hijack the Wizards’ locker room, as he had been accused of while in with the Houston Rockets and Charlotte Hornets, especially. Howard’s skill set can help Washington, which fell off defensively last season. But there’s also not much sense he’ll be a significant pick-me-up in D.C., either. He can’t stretch the floor and he’s not especially potent finishing in pick and roll, either. But the Wizards should at least be deeper off the bench with Green, who played well for the Cavs last season, and Rivers, who gives Washington legit guard depth along with Tomas Satoransky. 19. SACRAMENTO KINGS 2017-18 RECORD: 27-55; missed playoffs ADDED: F Nemanja Bjelica (three years, $20.4 million); C Marvin Bagley III (No. 2 pick, 2018 Draft); G Yogi Ferrell (two years, $4.1 million); G Ben McLemore (acquired from Kings); F Deyonta Davis (acquired from Grizzlies) LOST: G Garrett Temple (traded to Grizzlies) RETAINED: G Iman Shumpert (picked up player option); C Kosta Koufos (picked up player option) THE KEY MAN: F Harry Giles. The Kings traded for the one-and-done forward on Draft night 2017 and redshirted him, feeling he needed a year to fully recover from the multiple knee surgeries he’d undergone the last three years. Those surgeries stopped his top-five Draft potential in its tracks, before and after a year at Duke. But Giles is back on the floor, having flashed his skills during NBA Summer League, as Sacramento gushed about his progress. If the 20-year-old is ready to roll come October, he could be an enormous boost. He’ll have to at least become a contributor, lest folks remind the Kings they passed on the likes of Kyle Kuzma and O.G Anunoby to trade for his rights. THE SKINNY: Bagley III has superstar potential, and he better become one, or the Doncic Stans among the Kings’ fan base will have aneurysms. The Kings were all over everyone, seemingly, this summer, dropping sheets on Zach LaVine, almost doing the same with Marcus Smart and Jabari Parker, and going after unrestricted free agent Mario Hezonja. All well and good, and getting Bjelica out from under Philly and prying Ferrell from Dallas were decent late July pickups. But it will be Bagley III who’ll be under the microscope. His skill sets are prodigious and he’s been working out feverishly all summer. And he wants to make a mark in restoring the Kings to where they were on the floor during the Webber Years. He worked out for them. He’s enthusiastic about them. That counts for something. 20. HOUSTON ROCKETS 2017-18 RECORD: 65-17; lost in Western Conference finals ADDED: G Michael Carter-Williams (one year, $1.5 million); G De'Anthony Melton (No. 46 pick, 2018 Draft); F Vincent Edwards (No. 52 pick, 2018 Draft) LOST: F Trevor Ariza (signed with Suns); Luc Mbah a Moute (signed with LA Clippers); C Chinanu Onuaku (traded to Mavs) RETAINED: C Clint Capela (five years, $90 million); G/F Gerald Green (one year, $2.3 million); G Aaron Jackson (picked up team option); G Chris Paul (four years, $159 million) THE KEY MAN: Jason Biles, Joe Rogowski, Keith Jones and Javair Gillett -- the Rockets’ athletic trainers, sports performance and rehab staff. Their only mission next season, should they decide to accept it, is to get Paul through an 82-game regular season and a two-month playoff slog without breaking or pulling anything of importance that keeps him out of key games. Of course, should any of the staff be unsuccessful, the Morey will disavow any knowledge of their employment. Good luck, men. THE SKINNY: We have not yet included Carmelo Anthony, who will be signing in Houston any minute now. When he’s officially on the roster, he’ll certainly help, and we all saw that even Houston can go through extended scoring droughts in the playoffs. Having Anthony around should alleviate that. The Rockets may have had the best signing of the summer, keeping the 24-year-old Capela locked up long-term for $18 million per -- incredible value these days, given the way salaries are skyrocketing. But that was mitigated by the losses of Ariza and Mbah a Moute, who were crucial to the switching defense Houston employed and perfected by the playoffs, which threw sand in the gears of the Warriors’ impenetrable offense and would likely have propelled the Rockets to The Finals if Paul hadn’t gotten hurt in Game 5. Ennis and Carter-Williams will help some in that regard, but they don’t have the resume of Mbah a Moute and Ariza -- which means they sometimes won’t get the benefit of the doubt from refs that the old heads do. Houston’s still the clear number two to Golden State in the West, but the gap between the Rockets and the best of the rest has closed. Longtime NBA reporter, columnist and Naismith Memorial Basketball Hall of Famer David Aldridge is an analyst for TNT. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsAug 8th, 2018

Holcim introduces PROSOLUTIONS to help partners build better amid construction boom

Much is expected of the construction sector as the government implements an ambitious plan to invest up to P8 trillion in upgrading infrastructures all over the Philippines by 2022. To better support the wave of construction activity, building solutions provider Holcim Philippines, Inc. has started projects to raise its cement production capacity to 12 million […] The post Holcim introduces PROSOLUTIONS to help partners build better amid construction boom appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 30th, 2018

Holcim’s 2017 net income plunges 65.2%

Holcim Philippines, Inc. reported a 65.2% drop in net income last year to P2.4 billion from P6.9 billion a year earlier after a sluggish construction sector and tight competition weighed down the company’s performance, it told the stock exchange on Friday, March 2. “The construction growth slowdown, tighter competition and increased input costs affected our […] The post Holcim’s 2017 net income plunges 65.2% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 2nd, 2018

Holcim posts weaker profit amid ‘challenging 2017’

HOLCIM Philippines, Inc. reported a 61% drop in profit last year after a sluggish construction sector and tight competition hurt the company’s performance, it told the stock exchange on Friday. Holcim netted P2.688 billion last year, down from 2016’s P6.845 billion. “The construction growth slowdown, tighter competition and increased input costs affected our financial performance […] The post Holcim posts weaker profit amid ‘challenging 2017’ appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 2nd, 2018

NKorean missile frustrates SKorean Olympic preparations

By Kim Tong-Hyung, Associated Press SEOUL, South Korea (AP) — Just when South Korea thought it was finally creating a buzz for February's Winter Olympics, North Korea fired its most powerful missile yet and re-ignited safety worries about the small mountain town that will host the games not far from the rivals' anxious border. The Pyeongchang Olympics probably aren't in jeopardy because of Wednesday's launch for a number of reasons, including that the North is unlikely to attack the more powerful, U.S.-backed South. Despite its belligerent neighbor, South Korea is also one of the safest places in the world with a wealth of experience hosting international sporting events. Still, the launch, which followed a 10-week lull, was a frustrating development for Pyeongchang's organizers, who have only recently got on track after facing construction delays, controversies over cost overruns and wary sponsors. They can also do little to calm international fears created by North Korea's accelerating nuclear weapons and missile tests. Shortly after North Korea fired the Hwasong-15 into the sea Wednesday, South Korean President Moon Jae-in convened a national security meeting where he ordered government officials to closely review whether the launch could hurt South Korea's efforts to successfully host the Olympics, which begin on Feb. 9. South Korea wants more than a million spectators for the Olympics, which will be held just 80 kilometers (50 miles) from the border, and expects 30 percent of them to be foreign visitors. Organizers have struggled for months to spark enthusiasm for the games locally, where the national conversation over the past year have been dominated by a massive a massive corruption scandal that toppled and jailed the last president and North Korea's flurry of weapons tests. Sung Baikyou, an official from Pyeongchang's organizing committee, on Thursday downplayed worries that North Korea would scare away athletes and visitors to Pyeongchang. Organizers and government officials have held briefings and site inspections for Olympics officials, members and sponsors to reassure them of South Korea's security readiness. The 92 nations that have so far registered to participate in the Pyeongchang Games represent the largest ever Winter Olympics field. And after a slow start, organizers had managed to sell more than half of the available tickets by the end of November. Sung said there hasn't been any talk with the International Olympic Committee about moving or canceling the games. "It wouldn't make sense for anyone to cancel tickets to Pyeongchang because of fears about North Korea," Sung said. "There's no war; bombs aren't being dropped on Pyeongchang." Hyun Jae-gyung, an official from Gangwon province, which governs Pyeongchang and nearby Gangneung, a coastal city that will host the skating and hockey events during the Olympics, said cancelations at hotels and other accommodation facilities in the areas have been few and sporadic and unlikely linked to security concerns. But there's nothing organizers can do if North Korea raises fears even higher with more tests. North Korea has conducted 20 ballistic missile launches just this year, and the tests are becoming increasingly aggressive; some in the South fear that Washington might consider a pre-emptive strike on the North as the intercontinental ballistic missile tested Wednesday may be able to reach anywhere in the continental United States. Koh Yu-hwan, a North Korea expert at Seoul's Dongguk University and a security adviser to South Korea's presidential office, thinks it's highly unlikely that the North will do any significant weapons tests or other aggressive acts that would disrupt the Olympics. After Hwasong-15's successful flight test, delighted North Korean leader Kim Jong Un declared that the country has "realized the great historic cause of completing the state nuclear force." Many experts, including Koh, believe that this suggests the country could soon consider its nuclear program as "enough" and shift the focus to its dismal economy. It would do nothing for heavily-sanctioned Pyongyang to worsen its awful reputation by creating trouble during the Olympics, Koh said. In recent government statements, including the one announced after Wednesday's missile test, North Korea has repeatedly claimed itself as a "responsible" and "peace-loving" nation, something it has been emphasizing since the United States relisted the country as a state terror sponsor, Koh said. "Even if they do conduct a missile or nuclear test during the Olympics, the games will go on as tests don't start wars. But I think there's almost no possibility that they will," said Koh. "If anything, they might have pushed hard to get their tests done before the start of the Olympics." It would help ease worries if North Korea participates in the Pyeongchang Games. While a North Korean figure skating pair qualified for the Olympics in September, it's unclear whether the North will let them compete in the South. North Korea boycotted the 1988 Summer Olympics in South Korea's capital Seoul and has ignored the South's proposals for dialogue in recent months. Securing North Korea's commitment to attend the Pyeongchang Games will be a critical topic at the IOC's next executive board meeting in December, which will be the last one before the start of the Olympics. The IOC has already offered to pay the costs should North Korea decide to participate, and Pyeongchang officials have been talking about granting special entries for North Korean athletes in some ice sports. Kim Kyung-hyup, a lawmaker for South Korea's ruling party, said Thursday that Seoul should consider sending a special envoy to the North to persuade it to participate in the Pyeongchang Games. Other than hoping that North Korea accepts the invitation, organizers are stuck. "If there's any other solution, tell me," Sung said. "It's not like we can jump up and catch North Korean missiles with a net.".....»»

Category: sportsSource:  abscbnRelated NewsDec 1st, 2017

Property & Infrastructure: Soaring building costs sound sour note for 'rock star' NZ

WELLINGTON -- Newly qualified New Zealand carpenters are commanding six figure salaries and construction costs have risen by half in under three years, symptoms of an unprecedented building boom straining the South Pacific nation's much-envied economy......»»

Category: financeSource:  bworldonlineRelated NewsJun 26th, 2017

Groups say DTIs tax on cement imports may hurt socialized housing | Inquirer Business

Marginalized Filipinos looking to live in socialized housing might have to pay more for a home as construction costs might spike due to a government move to further tax imported cement. The post Group.....»»

Category: newsSource:  philippinetimesRelated NewsJan 18th, 2019

New caravan of Honduran migrants makes first border crossing

AGUA CALIENTE, Guatemala --- The latest caravan of Honduran migrants hoping to reach the U.S. has crossed peacefully into Guatemala, under the watchful eyes of about 200 Guatemalan police and soldiers. About 500 people, including dozens of children, lined up to show their documents to a first line of unarmed security personnel at the Agua Caliente border crossing Tuesday night. Riot police formed a second line to contain any possible disturbance. Edilberto Hernandez, a former police officer, stood with his wife and four children to cross into Guatemala. After losing his job, he could find only low-paid construction work, and he decided to travel with his whole family to the Uni...Keep on reading: New caravan of Honduran migrants makes first border crossing.....»»

Category: newsSource:  inquirerRelated NewsJan 16th, 2019

Flood control project questioned

Why did the government approve a multimillion-peso flood control project for a river on a riverless plain in Sorsogon province? House Majority Leader Rolando Andaya Jr. on Tuesday said he was perplexed at how several local infrastructure projects of the Department of Public Works and Highways (DPWH) in Sorsogon were implemented without being flagged by the Commission on Audit (COA). At the resumption of the House inquiry into an alleged flood mitigation project scam, Andaya reiterated that there were documents showing that a company owned by Budget Secretary Benjamin Diokno's in-laws, Aremar Construction Corp., received over P81 million from its supposed "dummy" companies. No ri...Keep on reading: Flood control project questioned.....»»

Category: newsSource:  inquirerRelated NewsJan 16th, 2019

Amid flood control controversy, Casiguran mayor distances self from Diokno

MANILA, Philippines – Mayor Edwin Hamor of Casiguran, Sorsogon – the biggest stockholder of the construction firm that bagged millions of government projects in his province – denied he is close to Department of Budget and Management (DBM) Secretary Benjamin Diokno.  Hamor, whose stepson Romeo “Jojo” Sicat Jr is the ........»»

Category: newsSource:  rapplerRelated NewsJan 15th, 2019

Diokno in-laws’ firm likely to face plunder, tax evasion raps

CAMARINE SUR: The construction firm of the in-laws of Budget Secretary Benjamin Diokno might face plunder and tax evasion charges for having at least a P50-million share in anomalous flood-control…READ The post Diokno in-laws’ firm likely to face plunder, tax evasion raps appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 5th, 2019

Gambling on energy security

The race is on! Or so observers have declared, referring to who would be allowed to build and who could complete a liquefied natural gas (LNG) terminal in the Philippines. All this with the backdrop of the Malampaya natural gas field in Palawan nearing depletion. Indeed, there appeared to have been a frenzy over the past 12 months or so, with a slew of prospective partners rallying around PNOC (Philippine National Oil Co.). For much of 2017, PNOC seemed to have been the go-to guy for entities that wanted to get involved in the domestic LNG business---which international experts said would ride a regional boom that would see the Asian market rivaling those of Europe and elsewhere. ...Keep on reading: Gambling on energy security.....»»

Category: newsSource:  inquirerRelated NewsDec 27th, 2018

House hearing set on Sorsogon projects

The House rules committee has issued subpoenas to the owner of contractor CT Leoncio Construction and several public works officials in Bicol region to shed light on the so-called flood control projects scam and other irregular transactions involving multibillion-peso infrastructure projects in Sorsogon province. In a statement, House Majority Leader Rolando Andaya said the House Secretary General, Dante Roberto Maling, had sought the assistance of the Philippine National Police chief, Director General Oscar Albayalde, in locating and serving the subpoenas on the individuals invited to the Jan. 3 committee hearing to be held in Naga City. The subpoenas were received by the PNP Regi...Keep on reading: House hearing set on Sorsogon projects.....»»

Category: newsSource:  inquirerRelated NewsDec 27th, 2018

DPWH-Biliran DEO completes Caraycaray flood control (Phase 3)

The newly completed construction/ extension of flood control structure (Phase 3) along Caraycaray River is designed to protect the existing Caraycaray Bridge......»»

Category: newsSource:  samarnewsRelated NewsDec 23rd, 2018

WATCH: Man hangs on after glider pilot forgets to strap him in

NORTH PORT, Florida, United States --- A Florida man spent his first hang-gliding ride dangling precariously from a control bar and the pilot's leg after the pilot forgot to strap him in. The Orlando Sentinel reports that North Port resident Chris Gursky posted a GoPro video of the wild ride in Switzerland on his YouTube account Monday. The video shows the trouble began immediately after takeoff when Gursky realized he wasn't attached to the craft. He ended up holding the control bar with his left hand and the pilot with his right hand for most of the two-minute-and-14-second flight. The pilot held Gursky's harness with his left hand while steering with his right. The glider...Keep on reading: WATCH: Man hangs on after glider pilot forgets to strap him in.....»»

Category: newsSource:  inquirerRelated NewsNov 28th, 2018

DPWH completes P150-M flood control structures in Calbayog

The Department of Public Works and Highways Samar First District Engineering Office (SFDEO) completes the construction of flood control structures along Jibatang River in Calbayog City, Samar......»»

Category: newsSource:  samarnewsRelated NewsNov 25th, 2018

Lazada Gears Up for PH Expansion Amid E-Commerce Boom

The local unit of e-commerce site Lazada is looking into the construction of additional logistics facilities to expand its footprint in the country, bullish about the ‘exponential growth’ prospects of the Philippine e-commerce market over the next five years. “We will open more facilities in the next three to five years starting by this fifth-generation […].....»»

Category: newsSource:  metrocebuRelated NewsNov 14th, 2018

Doncic scores 15, Dallas tops 76ers 115-112 at China Games

SHENZHEN, China (AP) — Luka Doncic scored 15 points, JJ Barea added 14 and the Dallas Mavericks topped the Philadelphia 76ers 115-112 on Monday night to earn a split of the teams' NBA China Games series. Jalen Brunson had 11 points for Dallas, plus got a steal in the final seconds to help preserve the win. Dennis Smith Jr. and Dwight Powell each scored 10 for the Mavericks. Dallas' Ding Yanyuhang played the final 8:33 of the game, much to the delight of the fans in his native China. He missed the teams' matchup when the China Games began Friday because of knee soreness and finished with one point. Joel Embiid led all scorers with 29 points for Philadelphia, going 11 for 16 from 2-point range — though he did miss all six of his 3-point tries. Robert Covington scored 18 points for the 76ers, who got 10 points apiece from JJ Redick and Ben Simmons. Redick made his first shot Monday, meaning he started 11 for 11 on the China trip. He made all 10 of his shots in Philadelphia's win over Dallas on Friday and finished 4 for 9 on Monday. There were six lead changes and two ties in the fourth quarter alone, and the game went down to the very last moment. Daryl Macon made one of two free throws with 13 seconds left to put Dallas up by two, and Brunson added a free throw following his steal to push the Mavericks' lead to three. Demetrius Jackson missed a 3-pointer at the end that would have tied it for Philadelphia. TIP-INS Mavericks: Dirk Nowitzki (ankle surgery rehab) remained sidelined, though he did address the crowd pregame in Shenzhen just as he did on Friday in Shanghai. ... Doncic got called for fouling Amir Johnson on a jump ball in the second quarter. Referee Tony Brothers said Doncic swiped Johnson across the arm as they leaped to control the tap. ... Dallas used 15 players, none of them taking more than nine shots. 76ers: Philadelphia committed 70 fouls in China, 35 in each game. ... Embiid had a beautiful reverse pivot to get loose for a dunk late in the first half. Problem was, he slammed the ball into the front of the rim. ... Simmons got a first-quarter technical for flexing after a dunk. ... Philadelphia started 0 for 9 from 3-point range, before Mike Muscala connected. REDICK JEERED The booing of Redick — "polite booing," he called it earlier in this trip to China — continued every time he touched the ball. Redick appeared to use a derogatory term for Chinese people several months ago while taping part of a video where NBA players were wishing fans Happy New Year. Redick apologized quickly after the video came out and said the usage of the slur was unintentional, insisting that he was tongue-tied. HEADING HOME Both teams were flying back to the U.S. after the game. Philadelphia was hoping for a slightly quicker trip than the one that brought it to China; the 76ers had a scheduled stop for refueling in Calgary, Alberta, on the way over and wound up being on the ground for several hours because of a snowstorm. All told, it took Philadelphia nearly 22 hours to get to China. UP NEXT Mavericks: Preseason finale at home Friday against Charlotte. 76ers: Preseason complete, season opener at Boston on Oct. 16......»»

Category: sportsSource:  abscbnRelated NewsOct 8th, 2018