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Empire East Pasig township enjoys robust sales

Empire East Land Holdings Inc., the low to middle-income property firm of tycoon Andrew Tan, is enjoying strong residential sales in its 24-hectare Empire East Highland City in Pasig City......»»

Category: financeSource: philstar philstarJun 8th, 2021

Empire East earmarks P25b for 5-year spending

Property developer Empire East Land Holdings Inc. on Tuesday unveiled a P25-billion capital spending plan over the next five years as condominium sales remain resilient amid the pandemic......»»

Category: financeSource:  thestandardRelated NewsJun 9th, 2021

LRT extension to Antipolo set to open July 6

The Department of Transportation on Thursday inaugurated the P4.5-billion LRT-2 East Extension Project that is expected to ease traffic congestion in Marikina, Pasig and Antipolo City starting July 6......»»

Category: financeSource:  thestandardRelated NewsJul 2nd, 2021

Del Monte shares sizzle on local unit s impressive bottom line

Food manufacturer Del Monte Philippines Inc. managed to weather the coronavirus storm, thanks to robust sales amid high demand from locked-down consumers and lower expenses......»»

Category: financeSource:  philstarRelated NewsJun 22nd, 2021

Century Pacific sees robust profit, sales this year

Century Pacific Food Inc. expects its income and revenue to grow by double digits this year as demand for canned and packed food products continue to rise......»»

Category: newsSource:  philstarRelated NewsJun 15th, 2021

Empire East Land Holdings, Inc.: Notice of Annual Meeting of Stockholders

We are notifying you of the upcoming Annual Meeting of Stockholders of Empire East Land Holdings, Inc. (the “Company”), which will be held on 08 June 2021 at 9:00 AM virtually......»»

Category: financeSource:  philstarRelated NewsMay 21st, 2021

Empire East Land Holdings, Inc.: Notice of Annual Meeting of Stockholders

The annual meeting of stockholders of Empire East Land Holdings, Inc. will be held virtually on June 8 at 9 a.m......»»

Category: financeSource:  philstarRelated NewsMay 17th, 2021

Empire East, Cebu Holdings post double-digit profit drop in 2020

Real estate developers Cebu Holdings Inc. and Empire East Land Holdings Inc. reported a double-digit drop in their net income last year due to weak demand for property resources amid the pandemic......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2021

Samsung Electronics forecasts 44.19% jump in Q1 operating profit

South Korean tech giant Samsung Electronics flagged a 44.19 percent rise in first quarter operating profit Wednesday, largely driven by robust sales of smartphones and the launch of its flagship Galaxy S21 series......»»

Category: techSource:  thestandardRelated NewsApr 7th, 2021

Sales of Mercedes-Benz S-Class picking up pace

Auto Nation Group Inc, the general importer and distributor of Mercedes-Benz vehicles, parts and accessories in the Philippines, said sales of S-Class remain robust despite the pandemic......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2021

Hyundai Motor& rsquo;s net profit jumped 78% in Q4

Seoul, South Korea—South Korean automaker Hyundai Motor defied the coronavirus pandemic to post a surprise 78-percent surge in fourth-quarter profits Tuesday, as robust domestic sales offset weak overseas demand......»»

Category: financeSource:  thestandardRelated NewsJan 27th, 2021

General Motors, Toyota register strong US sales

New York---General Motors and Toyota reported strong US sales at the end of 2020 on Tuesday, reflecting surprisingly robust consumer demand that mitigated the sales drop for the full year in the wake of COVID-19......»»

Category: financeSource:  thestandardRelated NewsJan 7th, 2021

Maynilad, MWC shelve rate adjustments for 2021

Maynilad Water Services, Inc. (Maynilad) and Manila Water Company, Inc. are forgoing some water rate increases they are qualified to implement in the coming year, including the next tranche of the rate rebasing adjustment as well as the mandated Consumer Price Index (CPI) adjustment.  This was announced separately by both companies on Tuesday. In a text message, Metropolitan Waterworks and Sewerage System (MWSS) Chief Regulator Patrick Ty said the MWSS-Regulatory Office (MWSS-RO) has been discussing this matter with both Maynilad and Manila Water since the start of this year. “We just received the proposals of the two Concessionaires and we are currently evaluating them,” Ty said.  In a statement, Maynilad said that with this deferral, the company “hopes to alleviate the day-to-day struggles of its customers as they and the whole country strive to recover from adversity and rise stronger than before, ready to start anew”. “During these difficult times when no one is spared the economic impact of the COVID-19 pandemic, Maynilad is one with the government in finding ways to help our countrymen make the situation more manageable,” it also said. Manila Water, on the other hand, said “in the spirit of Bayanihan and to alleviate the plight of our customers due to the pandemic, Manila Water will not be implementing the rate adjustment in 2021 under the approved 2018 Rate Rebasing.” Done every five years, rate rebasing is review of water utilities’ past performance and the projection on their future cash flows.  It is supposed to set the water rates at a level that would allow both Maynilad and Manila Water to recover their expenditures and earn a rate of return. For 2020, Maynilad and Manila Water also volunteered to defer the implementation of the next tranche of annual rate hike approved under the current rate rebasing period, which started in 2018.  Their decision came as both companies were being scrutinized by no less than President Rodrigo Duterte for their allegedly onerous contracts with MWSS. To be implemented in tranches from 2018 to 2022, the approved increase in Maynilad’s rates under the fifth rate rebasing period would be P5.73 per cubic meter (/cu. m.). For this year, it was supposed to increase its rates by P1.95/cu.m, then another P1.95/cu.m in 2021.    As for Manila Water, the increase in its rates under rate rebasing would play around P6.22 to P6.55/cu.m.  This year, it was supposed to increase its rates by P2/cu.m, and another P2/cu.m by 2021.  By 2022, depending on the medium-term water sources project that the company will be allowed to pursue, the Ayala-led firm could charge its customers an increase of P0.76/cu.m up to P1.04/cu.m. The CPI adjustment, on the other hand, is the annual inflation adjustment and takes place every January. Maynilad is the largest private water concessionaire in the Philippines in terms of customer base.  It is the agent and contractor of the Metropolitan Waterworks and Sewerage System (MWSS) for the West Zone of the Greater Manila Area, which is composed of the cities of Manila (certain portions), Quezon City (certain portions), Makati (west of South Super Highway), Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon all in Metro Manila; the cities of Cavite, Bacoor and Imus, and the towns of Kawit, Noveleta and Rosario, all in Cavite Province.  Meanwhile, Manila Water caters to the East Zone concession area covering the Cities of Makati, Mandaluyong, Pasig, Pateros, San Juan, Taguig and Marikina. It is also in charge of the southeastern parts of Quezon City, and Sta. Ana and San Andres in Manila. In the Province of Rizal, MWCI services the City of Antipolo and Municipalities of San Mateo, Rodriguez, Cainta, Taytay, Teresa, Angono, Baras, Binangonan, and Jala-jala......»»

Category: newsSource:  mb.com.phRelated NewsNov 3rd, 2020

Olympics-bound Irish Magno finally settles down in training

The flyweight ace, who settled for limited workouts at the height of lockdown measures in Baguio and Pasig, now enjoys a daily gym practice in her hometown under a more relaxed modified general community quarantine (MGCQ)......»»

Category: newsSource:  philstarRelated NewsAug 29th, 2020

PSC vows no job layoffs despite financial woes amid pandemic

While unemployment has risen to an alarming rate amid the coronavirus (COVID-19) pandemic, the Philippine Sports Commission assured its employees that there will no layoffs in the agency. Appearing on Tuesday’s online session of the Philippine Sportswriters Association (PSA) Forum, chairman William ‘Butch’ Ramirez said that despite a meager budget with nothing more to spare, the PSC will continue to carry out its day-to-day operations. Even under these very difficult times, the PSC puts priority on the welfare of its workers Ramirez stressed.   “Even before COVID, we have communicated with Malacanang that we will let go of some contractual employees,” said Ramirez, adding that it would have taken effect on Aug. 31. But the global pandemic made the PSC change its mind. “We in the PSC board made a collective decision that it will not happen. We will not remove anyone from the PSC unless there is cause. We are in very difficult times,” said Ramirez. The PSC has 250 regular employees and more than 250 contractuals. “Sa kahirapan ngayon, ano ang kakainin nila?” said Ramirez, currently staying with his wife at the athletes’ quarters at the PhilSports Complex (formerly ULTRA) in Pasig City. The agency months ago implemented belt-tightening measures, including a 50 percent ‘equity reduction’ on the allowances of the national athletes and coaches. But despite the financial difficulties, athletes and coaches continue to receive their allowances, and can expect to get their regular stipends once the situation improves or when the Philippine Amusement and Gaming Corporation (PAGCOR) resumes its monthly remittances of close to P100 million to the PSC. Ramirez also added government sports agency is thinking beyond sports, and talked about “fortitude and sacrifice" during the Forum presented by San Miguel Corp., Go For Gold, Milo, PAGCOR, Amelie Hotel Manila, Braska Restaurant, and powered by Smart, with Upstream Media as official webcast partner. At the height of the lockdown, the national government channeled P1 billion of PSC money for COVID-19 purposes. The PSC has also allowed the use of its facilities like the Rizal Coliseum and Ninoy Aquino Stadium in the fight against the deadly virus. The PSC has also donated 350 beds and close to 500 laptops that were used during last year’s Southeast East Asian Games to various government offices during the pandemic. “The PSC is not only focused on sports now. We are adapting to the new environment,” said Ramirez......»»

Category: sportsSource:  abscbnRelated NewsAug 18th, 2020

What’s in style? Safe shopping.

Rustan’s goes all out with safety measures, including the latest in disinfection and sanitation. THANK YOU FOR SMOKING. Rustan’s utilizes Spanish technology Sanivir, which contains active ingredients proven to kill bacteria, molds, and coronavirus These extraordinary times have completely shifted the definition of so many ordinary words. Take, for example, “weekends.” What does a weekend even mean, when everyone is living their weekends day in, day out? People cooped up inside their homes, Netflix and chilling (or pacing, depending on current anxiety levels), wearing their Natori Fortuna Mandarin all day, as governments all over the world caution to shelter in place.  Or “homecooked.” Everything’s veritably homecooked now—whether it’s cooked in your home, by you, or cooked in somebody else’s home, by an upstart baker you support because she’s your niece, or by your favorite chef, who is left with no choice but to create his oeuvres from his home kitchen.  Or “luxury.” Let’s be honest. Luxury—its BC (before Covid) definition—contained overused keywords like glamour, opulence, indulgence, lavishness. But times, they’ve changed.  Fancy things now seem so unnecessary, so excessive, so out of touch, so…pointless—in a world that has hastily pivoted back to the basics. Sipping tea from a Royal Albert 1980 Roseblush cup doesn’t seem as luxurious as being able to score some actual, hard-to-acquire Gold Yen Zhen tea from TWG, even if you have to gulp it from those ubiquitous bamboo cups.  The pandemic has changed what luxury meant. Now, luxury is the feeling of being safely ensconced in our cocoons, safe from the virus, safe from the madding crowds. Safety is luxury. To be more accurate: Luxury is being safe, while experiencing as few inconveniences as possible. One Home, One HopeMarketers and entrepreneurs are now realizing, after putting in all necessary work to convince their clients to come back, that a sense of safety is beyond physical, it is psychological. It’s Plexiglass with perception, masks coupled with marketing.  Brands, to successfully ride out these challenging times, need to do more than just tick off government checklists—they need to bank on their legacies, their ethos, their abiding sense of connection to loyal clientele.  AT YOUR SERVICE. Rustan’s opened up a Sanivir desk to allow its customers to avail of its method In the travel industry, as it is in the retail industry, it’s about leveraging on your loyal clientele’s sense of home. “Home” is no longer just their place of residence, but their familiar zones. It’s about “feeling at home.” As people start to nervously and grudgingly go out, they will only want to stay and explore sacred spaces where they’ve “felt at home.” Luxury retailer Rustan’s understands this well. “Our goal for the past 70 years has always been to serve the community with great service and to provide a safe environment that feels like home,” Nedy Tantoco, chairman of Rustan Commercial Corporation, says. “In this new chapter, we are committed to the idea of ‘One Home, One Hope.’ As an establishment that has been a second home for many shoppers, we will stay dedicated in implementing thorough safety protocols to ensure that our employees and shoppers are protected and can visit us with ease of mind.” And this is why higher-end businesses like Rustan’s will flourish, despite the financial challenges Covid-19 brings. They have the space, and they obviously can very well afford to put stringent safety measures in place. Precise precautions are in their DNA. These are establishments that cater to the VVIPs, whose exacting standards they’ve always tried to meet.  And it’s not just loyal clients who will seek out these private spaces—the occasional and habitual shopper will gravitate toward businesses that offer them this hushed environment. Going inside cramped little boutiques have lost their novelty, and many will shirk away from places that tend to be crowd favorites.  At Rustan’s, shoppers have always counted on the intimacy of the shopping experience. Unobtrusive but alert sales personnel have always kept their distance as you scan the racks, and there’s always a sense of quiet order—a serene retail floor space, backed by an efficient team who anticipate your needs and who move with the fluidity of a well-directed orchestra.  This efficiency will be in full display when you visit the store again—that is if you still haven’t since it reopened in June.   Opened after three months of closure, the luxury retailer has implemented, in compliance with government regulations, security measures like foot baths, thermal scans, hand sanitation, and mandatory wearing of masks. You’ll also see staff repeatedly disinfecting touchpoints like escalator rails and elevator buttons, and alcohol dispensers are going to be ubiquitous.   RETAIL WONDER. Sanivir is perfect for retail spac-es as smoke is dry and won’t stick to clothing Managers, sales associates, security personnel, and cleaners are all wearing masks, face shields, and goggles. But it’s the little touches that will remind you how they’ve set the bar high—sanitation boxes are placed in fitting rooms for clothes that are not purchased, fitting rooms are sanitized after every use, and store personnel are required to steam the clothes before putting them back on display.  At the payment counter, all credit cards will be sanitized, and packages will be disinfected before being handed to the customer. At the store’s East Café, tables are separated with plastic shields, and so are the wash basins in the restrooms, which will each have a sanitary officer, whose only job is it to disinfect the toilet after every use.  And that’s just the stage. Backstage, it’s just as—if not more—exacting. Introducing Sanivir, the latest in disinfection technology “Even in our employees’ canteens we have placed plastic shields to protect each of our employees while they are having their lunch break,” Nedy says. The company has required all returning employees to be tested for Covid-19.  Rustan’s is also continually disinfected using Sanivir, a technology introduced in the Philippines by chemist Pinky Tobiano of KPP Powers Commodities, who is also CEO of Qualibet Testing Services. “Sanivir is a smoke disinfectant from Spain, which contains glutaraldehyde and orthopenyl phenol—two active ingredients have been tested that can kill bacteria, molds, and viruses that have been proven against coronavirus by laboratories in EU.” PINKY’S PROMISE. Pinky Pe Tobiano, the chemistwho brought the technology to the Philippines “It was great timing and serendipitous that we found the product right before the pandemic escalated to the level it is now,” Pinky tells Manila Bulletin Lifestyle. “Sanivir was both an innovative and unique product that addresses the problem we currently have—it is easy to use, cost-friendly, effective, and safe.” It is a perfect disinfectant for a retail space—it only utilizes smoke, is dry, and won’t stick to clothing. “When Pinky introduced to me her disinfection program, I immediately asked her to do my father’s house and my own house,” Nedy shares. “I was so satisfied with the service that I asked her if she could open a service desk at Rustan’s to allow our customers the chance to avail of this disinfecting method. It’s so easy. Any housewife can do it. It allows us the ease of disinfecting without a fuss. It also works for our cars. The service desk has been open for two weeks at Rustan’s Ayala Avenue. And I am happy to say that it has met full acceptance with quite a number of Rustan’s customers.” Its ease of use is an advantage. “Just open the can, remove the plastic cover of the wick, set on a flat surface, light the wick, and leave for the next six to eight hours. The smoking process lasts for only one to two minutes, then disinfection takes place for the next six to eight hours,” Pinky says. “That’s good for 14 days.” And the cost? Surprisingly very minimal.  “One can of Sanivir of 25 grams is P1,750 and it’s good for 14 days for a room of 30 to 50 square meters,” Pinky says. “The cost per day is only a P125 investment. If you have five people in the room, the investment per person per day is only P25.”    But for those who are not in the mood to shop in-store, Rustan’s online service has amped up its service. Apart from its website, fortuitously launched a year ago, you can also tap the Personal Shoppers on Call Service, where sales associates respond to you on Viber, after which you can have your items delivered to you, or picked up by the curbside. Nedy shares, “And very soon, we will launch our Rustan’s Concierge Service, where customers can call a single number, and will be immediately assigned a personal shopper to attend to their needs.”  Now, many ways words and concepts are redefined in these troubled times—but having your own personal shopper, one who’ll do your shopping for you as you leisurely read the latest Kevin Kwan Sex and Vanity book in the comfort of your home?  We’re guessing that that’s a definition of luxury that won’t likely ever change—unprecedented crisis or not.  .....»»

Category: sportsSource:  abscbnRelated NewsAug 2nd, 2020

Cleanfuel Strengthens Retail Network in Southern Manila

Now serving with the newest technologies implemented to create high-tech fuel for your vehicles, Cleanfuel, believes in the resiliency of the Filipino people that would bring and sustain solid economic recovery amid health crisis. Their recently opened retail station at Doña Soledad in Parañaque City shows a testament that the company remains upbeat in expanding their network footprints in Southern portion of Metro Manila.   “While 2020 is a challenging year, Cleanfuel has remained optimistic riding in the resiliency of Filipinos towards economic recovery. This is the reason why Cleanfuel Group of Companies continues to invest and opened more stations as a testament and commitment to its people to provide top-notch fuel to every motorist,” said Atty Bong Suntay, President of Cleanfuel. “The opening of the new station in Doña Soledad is in line with Cleanfuel’s goal to expand its reach and strengthen its customer base in the Southern part of Metro Manila,” Suntay said. Situated at the busy thoroughfare of Doña Soledad Avenue Extension at Barangay Don Bosco in Parañaque City, the new station offers a top-notch fuel and lubricants including Clean91 (Unleaded), Premium 95 gasoline, and Euro-4 diesel. It provides access to both public and private motorists from Better Living going to Moonwalk, connecting in the bustling intersection of eastern Parañaque.  In addition, the second district of Don Bosco is the primary residential Barangay of Ninoy Aquino International Airport and one of the 16 Barangays in Parañaque City. Key factors of the city’s progress include banks, shopping malls, restaurants, residential properties, and commercial manufacturing. Motorists heading towards the busy streets of Doña Soledad Avenue Extension from east-west and northern side of Parañaque can gas up to experience Cleanfuel’s brand mantra: Quality fuel for Less! Further, Cleanfuel Doña Soledad station will become a key driver of growth to more than 60,000 population of Barangay Don Bosco. As the city relies on shopping centers as part of major contributors, the company sees that the opening of Cleanfuel Doña Soledad will further strengthen and boost economic confidence. “We’re grateful and honor to inaugurate Cleanfuel Doña Soledad as our first station to open in these unprecedented times. The economy in the City of Parañaque has been growing consistently with massive projects in property and commercial manufacturing,” the company’s chief executive said.  Suntay adds that in the next coming months Cleanfuel is adding more stations not only in NCR but also in provinces to provide quality fuel for business and opportunities for others. “We intend to leverage our business aggressively and expand our retail network across the country, focusing on Mega Manila and Northern Luzon,” concludes Suntay.  Cleanfuel is expected to open more stations in coming weeks in Ortigas Avenue Extension in Pasig and mega branch in Mabalacat Pampanga as part of the long-term business expansion plan. Aside from expansion, the company has extended its support by providing fuel subsidy for the Department of Transportation’s (DOTr’s) Free Bus Ride for Health Workers Program and drive relief donations to northern provinces, which include Pangasinan (Villasis, Binalonan, Pozorrubio) and San Fernando (La Union) and other cities in Metro Manila......»»

Category: newsSource:  mb.com.phRelated NewsAug 1st, 2020

Megaworld’s Bacolod condo tower features ‘first-in-the city’ amenities

Property giant Megaworld is building its third residential condominium inside the 34-hectare The Upper East township in Bacolod City......»»

Category: financeSource:  philstarRelated NewsJul 25th, 2020

Emperador Saw Robust Growth in International Markets During 1st Half 2020

Emperador’s brandy and whisky businesses in the United States, Sweden, Spain, Indo-China, as well as in the United Kingdom, Russia, and China saw strong performance during the first half of the year as demand in these markets boosted sales in these segments. Whyte and Mackay Ltd, a wholly-owned subsidiary of Emperador in the United Kingdom, […].....»»

Category: newsSource:  metrocebuRelated NewsJul 15th, 2020

Amid liquor ban during quarantine, Emperador posts robust foreign sales in H1

Emperador Inc. on Tuesday reported "robust" growth in its international business in the first half, helping temper losses at home after a liquor ban during the quarantine period hurt sales......»»

Category: newsSource:  philstarRelated NewsJul 14th, 2020

Empire East announces virtual stockholders meeting to be held in July

Empire East announces its virtual annual stockholders meeting this July......»»

Category: newsSource:  philstarRelated NewsJun 18th, 2020