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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: bworldonline bworldonlineMay 17th, 2018

Conglomerates deliver mixed Q1 results, but outlook remains positive

By Arra B. Francia Reporter CONGLOMERATES are expected to register better financial results this year, as the country’s top firms proceed with expansion programs amid a new tax regime and challenges in their respective businesses. The country’s top holding firms — Ayala Corp. (AC), Aboitiz Equity Ventures, Inc. (AEV), Alliance Global Group, Inc. (AGI), DMCI […] The post Conglomerates deliver mixed Q1 results, but outlook remains positive appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 16th, 2018

Turnover of units at Davao’s Aeon Towers faces delay

DAVAO CITY — Local property developer FTC Group of Companies Corp. is facing a one-year delay in the turnover of units for its 33-floor mixed-use Aeon Towers, but it is embarking on another project, this time a complex of five residential buildings. FTC held the topping-off ceremony for Aeon Towers in late February 2017. At […] The post Turnover of units at Davao’s Aeon Towers faces delay appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 26th, 2018

ONE Championship: Aung La N Sang stops Alexandre Machado to become two-divison champion

23 February 2018 – Yangon, Myanmar: The largest global sports media property in Asian history, ONE Championship™ (ONE), had another memorable and historic evening in Yangon as the capacity crowd at the Thuwunna Indoor Stadium witnessed an amazing display of heart-pounding martial arts action. ONE: QUEST FOR GOLD featured a series of compelling bouts, punctuated by an unforgettable championship clash that left fans on the edge of their seats. In the main event, hometown hero “The Burmese Python” Aung La N Sang scored a quick knockout victory over Alexandre Machado to win the vacant ONE Light Heavyweight World Championship and the GoDaddy Knockout of the Night. In the main event of ONE: QUEST FOR GOLD, “The Burmese Python” Aung La N Sang added yet another accolade to his glowing repertoire of awards as a global martial arts superstar, copping the vacant ONE Light Heavyweight World Championship with a knockout victory over Brazil’s Alexandre Machado. Aung La N Sang got the job done in just 56 seconds, knocking out Machado with a thunderous high kick. With his remarkable conquest of Machado, Aung La N Sang now has both the ONE Middleweight World Championship and ONE Light Heavyweight World Championship titles in his possession. Aung La N Sang, newly-minted ONE Light Heavyweight Champion, stated: “Life is short, we have to make it count. One thing is for sure Myanmar, when we’re united, nothing can stop us. That head kick is what we’ve been working on. I want to thank everyone that helped me out to get here. I’m in here by myself, but this is a team sport. If we’re united and we’re together, we can do anything. I want to be the best and I want to defend these two belts. I’m not just going to hold them and leave.” In the co-main event of the evening, former world title challenger Ev “E.T.” Ting turned in an outstanding performance by routing Costa Rican martial artist Ariel Sexton, solidifying his position once again as a top contender in ONE Championship’s stacked lightweight division. Opening up the three-round contest by taking the action right to Sexton, Ting connected on a series of fast and powerful strikes, pushing his opponent back up against the cage. In the second round, Ting continued to blast Sexton with serious firepower, featuring his best striking combinations. Sexton tried to change the complexion of the bout in the third round, fishing for a finish with a flying knee and a submission attempt. Ting did just enough to pull away slightly in the third after a gruelling match, and came out victorious via split decision. Local martial arts superstar Phoe “Bushido” Thaw turned in a spectacular performance, stopping Cambodian opponent Sor Sey with an emphatic push kick to the face in the very first round. Thaw, a lethwei practitioner, traded explosive strikes with Sor, a khun khmer specialist, right at the center of the cage. When a left hand staggered Sor along the fence, Thaw capitalized on the opening and abruptly ended matters with his next kick. The official finish came at 1:53 minutes of round one, sending the packed Yangon crowd at the Thuwunna Indoor Stadium into a frenzy. In a much-awaited encounter of ONE Championship’s highly-skilled knockout artists, Timofey Nastyukhin emerged triumphant, claiming a unanimous decision victory over Singaporean Muay Thai champion Amir Khan. Nastyukhin exhibited stellar form from the get-go, bombarding Khan with strong overhand rights while looking for the opening to deliver his lethal left hook. Leaning on his heavy hands to overwhelm Khan’s precision striking, Nastykuhin gallantly pushed forward as he threatened to end matters with a flying knee and stifled his opponent with harrowing punches. Nastyukhin punctuated the marquee match-up by outstriking Khan in the third frame, earning an undivided nod from all three judges at cageside. The highly-anticipated bantamweight contest between Japan’s Daichi Takenaka and South Korea’s Dae Hwan Kim ended in a disqualification. After Takenaka took Kim’s back in a standing body triangle, securing a rear naked choke, Kim reacted by spiking Takenaka on his head, which is a prohibited maneuver. The match resulted in a victory for Takenaka, who wins by disqualification. In an intense striking showcase, Myanmar’s Ye Thway Ne and Saw Min Min, two former lethwei practitioners, battled each other in a tremendous three-round war to the delight of a raucous crowd enjoying all the action. The two traded their best offense at the center of the ONE Championship cage for 15 minutes in one of the most exciting striking battles of the evening. In the end, it was two-time Gold Belt Champion Ye Thway Ne who scored the hard-earned victory, winning by split decision by keeping Saw Min Min on the defensive for the majority of the contest. Chinese martial arts ace Li Kai Wen placed himself back on the winning track in emphatic fashion, submitting promotional newcomer Roel Rosauro of the Philippines in just 43 seconds. In an impressive display of ferociousness, Li tagged Rosauro repeatedly with thudding strikes, which eventually sent Rosauro crashing to the canvas. As Rosauro struggled to return to his feet, Li quickly secured dominant top position to wrench his Filipino foe’s neck with a guillotine choke, snaring his first submission victory inside the ONE Championship cage. Indonesian wushu champion Priscilla Hertati Lumban Gaol impressed the crowd with a modified armbar submission of Krisna Limbaga in a female atomweight contest. After taking Limbaga down to the ground and keeping her opponent ineffective on the mat, Lumban Gaol used her legs to execute a straight armbar that forced the tap with less than a minute to go in the first round. Kicking off ONE: QUEST FOR GOLD were female atomweights from Myanmar. Former two-time Myanmar National Boxing Champion Bozhena Antoniyar made quick work of opponent Shwe Sin in a great performance to start her ONE Championship career. At the opening bell, Antoniyar wasted no time in bringing Sin down to the mat swiftly and finished things off with ground-and-pound to score the fastest knockout in ONE women’s atomweight history. Official results for ONE: QUEST FOR GOLD ONE Light Heavyweight World Championship bout: Aung La N Sang defeats Alexandre Machado by Knockout (KO) at 0:56 minutes of round 1 Lightweight bout: Ev Ting defeats Ariel Sexton by Split Decision (UD) after 3 rounds Featherweight bout: Phoe Thaw defeats Sor Sey by TKO (Strikes) at 1:53 minutes of round 1 Lightweight bout: Timofey Nastyukhin defeats Amir Khan by Unanimous Decision (UD) after 3 rounds Bantamweight bout: Daichi Takenaka defeats Dae Hwan Kim by Disqualification (DQ) Flyweight bout: Ye Thway Ne defeats Saw Min Min by Split Decision (SD) after 3 rounds Featherweight bout: Li Kai Wen defeats Roel Rosauro by Submission (Guillotine Choke) at 0:43 minutes of round 1 Women’s atomweight bout: Priscilla Hertati Lumban Gaol defeats Krisna Limbaga by Submission (Armbar) at 4:05 minutes of round 1 Women’s atomweight bout: Bozhena Antoniyar defeats Shwe Sin by TKO (Strikes) at 0:24 minutes of round 1.....»»

Category: sportsSource:  abscbnRelated NewsFeb 23rd, 2018

Stock Market: PSEi declines on Fed comments, foreign selling

LOCAL STOCKS retreated anew on Wednesday as the second-quarter earnings season wrapped up, with companies reporting mixed results just ahead of the release of the country's economic growth figure for the period......»»

Category: financeSource:  bworldonlineRelated NewsAug 17th, 2016

Stocks to move within tight range after results

THE MAIN INDEX may continue to trade in a tight range this week as investors look at whether companies can sustain their growth momentum in the first quarter for the rest of the year. The Philippine Stock Exchange index (PSEi) dipped 0.28% or 21.84 points to 7,672.28 last Friday due to rising inflation woes alongside […] The post Stocks to move within tight range after results appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 20th, 2018

Where number-coding makes no sense

“I assure you, during my time, maibigay ko ang komportableng buhay para sa lahat (I will be able to give everyone a comfortable life).”—President Rodrigo Roa Duterte If President Duterte is to make good on this promise, he needs to focus on projects that will deliver results within his administration. Public transportation is one area [...] The post Where number-coding makes no sense appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 19th, 2018

Century, Mitsubishi to Jointly Build 33,000 Affordable Homes

Property developer Century Properties Group, Inc. (CPG) has teamed up with global business enterprise Mitsubishi Corp. in a joint venture that seeks to deliver some 33,000 affordable housing units to the Philippine market, with PHP57 billion in sales value over the next five years. Capitalizing on the country’s demand for affordable housing, CPG and Mitsubishi […].....»»

Category: newsSource:  metrocebuRelated NewsMay 17th, 2018

Ayala Land to form JV for projects in Aurora, Quezon

AYALA LAND, Inc. (ALI) is teaming up with two companies headed by businessman Romeo G. Roxas for two projects in Aurora and Quezon province. In a disclosure to the stock exchange on Tuesday, the listed property giant said it has signed a memorandum of understanding with Green Square Properties Corp. (GSPC) and Green Circle Properties […] The post Ayala Land to form JV for projects in Aurora, Quezon appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 15th, 2018

What may end HK property boom? Here are the triggers

HONG KONG property companies such as Sun Hung Kai Properties Ltd. and CK Asset Holdings Ltd. are bracing for the first increase in the city’s prime rate in more than a decade. A higher prime rate, which sets the upper limits on mortgages, could damp surging housing prices in the world’s least-affordable real estate market. […] The post What may end HK property boom? Here are the triggers appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 14th, 2018

The charm of Las Colinas

It's always the happy, unforgettable experiences that spell the difference.   Such memories often define one's perception and recollection of a place, and hence, it would be necessary for any property developer to ensure that all the necessary elements are in place to create those truly magical moments.   And this is what the company behind Las Colinas Verdes in Eden, Davao promises to provide Davaoneos and future residents of the said development.   Through Las Colinas, renowned property developer Sta. Lucia Land Inc. aims to deliver a community where homeowners can celebrate milestones and create special memories with friends and families.  ...Keep on reading: The charm of Las Colinas.....»»

Category: newsSource:  inquirerRelated NewsMay 12th, 2018

T-bills fetch mixed results

Treasury bills maturing in 91 and 182 days fetched lower rates yesterday due to strong demand for shorter-dated government securities, according to the Bureau of the Treasury (BTr)......»»

Category: financeSource:  philstarRelated NewsMay 7th, 2018

Treasury partially awards papers

THE AUCTION of P15 billion worth of Treasury bills (T-bills) on Monday saw mixed results as investors swarmed the shorter-dated securities but avoided the longer tenors amid continued uncertainty in financial markets. The government raised a total of P8.63 billion during yesterday’s auction of the shorter-tenored securities, just a little over half of the P15 […] The post Treasury partially awards papers appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 30th, 2018

Rappler as fact-checker for Facebook is a sick joke

The Economist in its April 5 issue carried an article that said Asian countries have launched phony assaults on fake news and are finding mixed results. The article reported among others the following: In Malaysia, the Lower House of Parliament passed on April 2nd a law, which decrees that those who publish or spread “any [...] The post Rappler as fact-checker for Facebook is a sick joke appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 16th, 2018

Main-share index falls by 1.78%

The local stock barometer yesterday pulled back sharply as foreign investors resumed selldown of local equities. The main-share Philippine Stock Exchange index (PSEi) slid by 143.09 points or 1.78 percent to close at 7,899.98. Regional markets were mixed as trade war tensions started to ease. For the four-day trading week, the index lost 45.68 points from the previous week's finish of 7,945.66. All counters ended lower, but the most battered was the holding firm counter which fell by 2.87 percent as investors sold down shares of SM Investments and Metro Pacific, which both slid by over 4 percent. The property counter lost 1.72 percent. There were 134 decliners that overwhe...Keep on reading: Main-share index falls by 1.78%.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

PSEi retreats to 7,800 level

The local stock barometer pulled back sharply on Friday as foreign investors resumed their selldown of local equities. The main-share Philippine Stock Exchange index (PSEi) slid by 143.09 points or 1.78 percent to close at 7,899.98. Regional markets were mixed but trade war tensions started to ease. For the four-day trading week, the index lost 45.68 points from the previous week's finish of 7,945.66. All counters ended lower, but the most battered was the holding firm counter which fell by 2.87 percent as investors sold down shares of SM Investments and Metro Pacific, which both slid by over 4 percent. The property counter faltered by 1.72 percent. There were 134 dec...Keep on reading: PSEi retreats to 7,800 level.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

DENR hints of mine closures, suspensions

The Department of Environment and Natural Resources is certain that some mining companies will be closed and suspended based on the partial results of its review......»»

Category: financeSource:  philstarRelated NewsApr 13th, 2018

Are the Sixers too young for playoff success?

By Shaun Powell, NBA.com The learning curve of the Philadelphia 76ers has taken on a new, more direct and simpler geometric shape. It’s now a straight line, pulled and yanked that way by an impatient team determined to take the expressway from now on. And so this is where The Process has led them, to the NBA playoffs, a place exclusively reserved for Big Boy Basketball, where we get to see if the Sixers will skip another floor in their rapid developmental rise or if youth is about to get served a lesson. Hey, if nothing else, it beats wiping away the stench of losing, which is what coach Brett Brown was doing this time the last few years before this club finally grew up and as we now see, blew up. "This year we exceeded 50 wins and when you do that, you get into NBA elite territory which is something different for us,” he said. “But what’s interesting is we want more. We have more room to grow and we want to do that now.” Yes, the Sixers, finally sprung free of the dark ages, have crashed the annual spring show and are doing so rather emphatically in addition to surprisingly. Surely you saw this coming this quickly, no? On Christmas Eve they were 14-18. Their sensational big man, Joel Embiid, was getting the kid glove treatment, rarely playing extended minutes or consecutive games because of his brittle injury history. Their top draft pick, Markelle Fultz, was out with a bad shoulder and a broken jumper. Obviously, they’d just emerged from their four years of Tankapalooza with the trepidation of a chick stumbling from the nest. And quite simply, four months ago they just weren’t good enough to be lumped with the lead pack. Yet. But since then, what the hell just happened? “This group has come together from a toughness standpoint, a spirit standpoint,” Brown said. To say the least. The Sixers are 50-game winners, with a strong Kia Rookie of the Year candidate in Ben Simmons and a top-10 talent in Embiid, whose orbital injury that cost him the final eight regular season games should be healed for the playoffs at some point. Everything has fallen into place to make Philly a basketball destination once again, and these Sixers find themselves in a unique situation heading into the weekend. That’s because the playoff landscape in the East is favorable for someone like Philly to pull a surprise or two. Can they last a round? Of course; they’ll be a favorite initially. How about reaching the Eastern Conference finals? That’s trickier, and it’ll come down to matchups, but stranger things have happened. And, the NBA Finals? Well. Consider that there’s no true beast taking up space in the East and sending shivers everywhere. All of the contenders are showing a scratch or two: Toronto brings a blah playoff history; some of LeBron James’ supporting cast in Cleveland is untested; the Celtics are without Kyrie Irving, not to mention Gordon Hayward. The Sixers are the wild card in the playoff picture. Their wart is their inexperience in these matters. And so: Are they too young to be taken seriously? “I understand why people might think that, but I think we’ll be fine,” said JJ Redick, the resident senior citizen at age 33. “I don’t expect any of us to play differently than we have lately. These young guys are all gamers.” The Sixers are uniquely built; their twin core of Simmons and Embiid has played a combined three NBA seasons. Redick is the only starter with playoff experience and is also the only player in the rotation who ever played a major role in the playoffs. The Sixers are cubs compared to most of the East, even those teams below them. Essentially, the veterans on the Sixers orbit around the youngsters, instead of vice versa. Brown regularly takes the temperature of his players and has yet to pause at the results he’s seeing. For the most part, this has worked out better than he and they expected. “At this stage you figure how you deliver a team to the playoffs, how do you arrive at the playoffs,” Brown said. “Well, you can check three boxes: Their health, their spirit and their form. And finally: Are they playing good basketball? They’re all very interconnected, they’re all closely intertwined. Those things rule my day when I watch film and see how hard and long we’re going to go in practice. These guys have embraced and improved in those areas. Our defense has been excellent and we’re regularly getting 30 assists as a team, another example of a team enjoying each other’s company.” This makes for an interesting postseason baptism. There’s hope in Philly that Simmons and Embiid and Robert Covington and Dario Saric won’t know the difference between March basketball and May basketball. “We’ll just come and play the same way we’ve been doing,” Simmons said. The other advantage for Philly is Simmons appears well beyond his years. His expression is stoic, no matter the game circumstances, and his poise has yet to shatter memorably and cost the Sixers when it counts. He’s giving 16 points, eight rebounds and eight assists a night and had at least 10 points, five rebounds and five assists in 58 games, second only to Russell Westbrook and LeBron James. He is the first rookie in NBA history to average eight assists on a 50-win team. It remains to be seen how a 56-percent free throw shooter will respond if he’s put in that situation with the game on the line. Otherwise, his court direction and ability to reach the rim should not suffer from springtime stage fright. “Ben sits behind a glass wall and watches everyone else on the other side,” Redick said. “There’s nothing that affects him. He plays with the same demeanor and purpose no matter what’s going on around him. He brings a calm presence, and the maturity he plays with is beyond his years. Impressive.” Brown said: “He’s the stone cold Rookie of the Year and to me it’s not even close.” Philly’s best player is Embiid, though, and he’ll play with a mask once he does return, perhaps sometime in the first round. If he doesn’t suffer any lasting effects from the facial injury (vision, lack of balance), he’ll be the premier big man on the floor in the East. This allows the Sixers to exploit their low-post advantage over the Celtics, Raptors and Cavs should Philly meet any of those contenders along the way. The Sixers are also working with a pair of bonuses in Fultz and Ersan Ilyasova, two players they didn’t anticipate being in the playoff mix just a few months ago. Fultz is finally free of his shoulder woes and his shooting is starting to come around, to the point where Brown says he’ll find a role for Fultz in the rotation. Basically, the Sixers feel safe enough to put him on the floor, something that would’ve been a reach before he was activated, when he showed a nasty mechanical hitch in a jumper that somehow went south on him. “We don’t feel we’re going to be caught off guard with him,” Brown said. Ilyasova was gift-wrapped to Philly by the Hawks at midseason and has since been a solid source of scoring (17 points in a two-point win over Cleveland last week) and deepened the Sixers’ bench, allowing Brown to use a variety of different lineups and strategies. In all, the manner in which the season has come together is paying off at the right time for Philly. “We didn’t have this level of maturity in November and December,” Redick said. “If you look at some of our losses early in the season I felt they were immature losses. We’re more focused, more together, developed a mental toughness. Sometimes in life and in this league you have to go through things and experience things to grasp how to do them. There’s no better learning tool than the actual experience. So blowing a lead or coming back from a large halftime deficit, you have to do those things to understand that you can do it. Having those lessons early in the season has prepared us to have a great run since Christmas; we have the second best record in the league since then. This is better than what I expected or even hoped for. It’s been a long sustained growth period.” What does it all mean? Well, even though they’re entering the playoffs with the force of a hurricane, this isn’t the NCAA tournament. This is best-of-seven basketball, which means a team must prove itself worthy of moving on, instead of hoping to get lucky or hot. In the case of Philly and others in the East, that means beating LeBron four times in a series, and that hasn’t happened since 2010. You could also make the case the Sixers are playing with house money at this point, no matter what happens; after enduring The Process and painful progress, this is a blessing, a reward. The Sixers aren’t seeing it that way, though, not after growing up in a hurry. They want to seize the opportunity now, and any playoff success will largely depend on how they handle this as first-timers. Your guess is as good as Brown’s. “You really don’t know what to expect,” Brown said. “There’s no body of work. I will give our guys the benefit of the doubt. The poise they have shown in the regular season, the poise they’ve shown in big games and key moments, gives me tremendous confidence that we will handle this stage with a greater level of poise than what I might have guessed in October, or what I might have guessed not so long ago if you asked me questions about how will rookies and young guys handle this very different part of the season.” Veteran NBA writer Shaun Powell has worked for newspapers and other publications for more than 25 years. You can e-mail him here or 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 NewsApr 11th, 2018

60 securities deemed Shariah-compliant by Philippine Stock Exchange

THE COMPANIES adhering to the principles of Islamic finance remained intact in the first quarter of 2018, according to the results of a quarterly review published by the bourse. A list, uploaded on the PSE’s website on April 7, showed there were 60 Shariah-compliant firms as of March 26 comprised of the same securities that […] The post 60 securities deemed Shariah-compliant by Philippine Stock Exchange appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 9th, 2018

US lists $50B in Chinese imports facing tariffs

WASHINGTON, United States --- US officials published Tuesday a list of $50 billion in Chinese imports set to be targeted by US tariffs, the latest move in President Donald Trump's simmering trade confrontation with Beijing. The list -- which includes electronics, aircraft parts, medicine, machinery and other goods -- has yet to be finalized and is intended as a response to China's alleged theft of American companies' intellectual property and technology. The move comes a day after Beijing imposed duties on about $3 billion in US exports, a countermeasure widely seen as a warning that Chinese officials will not hesitate to retaliate quickly. "The proposed list of products is ...Keep on reading: US lists $50B in Chinese imports facing tariffs.....»»

Category: newsSource:  inquirerRelated NewsApr 3rd, 2018

PH stocks rebound, back to 8,000 level

  Philippine stocks rebounded with the rest of the region on Tuesday as worries over a trade war between the United States and China eased. The benchmark Philippine Stock Exchange Index (PSEi) rose 1.45 percent or 114.65 points to 8,047.03 yesterday after reports emerged on potential negotiations between the US and China. The broader all shares index was up 1.21 percent to 4,854.46. All subsectors ended in the green, with financials posting the biggest gain at 2.21 percent. It was followed by property, up 1.99 percent, services, up 0.93 percent, and industrial companies, up 0.92 percent. Still, trading was relatively thin as investors likely stayed away from takin...Keep on reading: PH stocks rebound, back to 8,000 level.....»»

Category: newsSource:  inquirerRelated NewsMar 28th, 2018