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Higher Philippines, Malaysia sales fuel Petron rebound in Q3

Petron Corp. returned to profitability in the third quarter as sales volume improved in line with a restart in economic activities on easing quarantine restrictions......»»

Category: financeSource: philstar philstarNov 3rd, 2020

UBX Seekcap, Radiowealth fuel more MSMEs with partnership

UBX SeekCap, the Philippines’s first same-day approval lending marketplace, partners with leading financial services provider, Radiowealth Finance, to fuel MSMEs as the country and businesses rebound from the effects of the pandemic. .....»»

Category: techSource:  thestandardRelated NewsJun 20th, 2021

Oil Firms Increase Prices Anew

In separate advisories, multiple oil firms announced hikes in their oil prices as fuel prices in the global market continue to rise. Chevron, Cleanfuel, Petro Gazz, Petron, PTT Philippines, Seaoil, and Shell announced that their gasoline prices will go up by PHP0.85 per liter. Diesel prices will also go up by PHP1.10 per liter. A […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 10th, 2021

9.4% Economic Growth Seen in PH

With the production of COVID-19 vaccine around the world ongoing and the procurement of the Philippine government for vaccines in the works, experts look forward to great economic growth in the Philippines in the year 2021. “In 2021, we expect growth to rebound the most in the Philippines (9.4 percent) and Malaysia (6.6 percent), which […].....»»

Category: sportsSource:  abscbnRelated NewsDec 1st, 2020

Beer and fuel sales revert San Miguel back to profit in Q3

San Miguel Corp. swung back to profit as of September, buoyed by higher beer and fuel sales after liquor and movement restrictions were lifted......»»

Category: financeSource:  philstarRelated NewsNov 6th, 2020

Petron sees better sales in third quarter

Petron Corp. posted higher sales in the third quarter, but this would not be enough to cover the substantial losses in the first two quarters, its top executive said over the weekend......»»

Category: financeSource:  thestandardRelated NewsNov 2nd, 2020

Honda set to unveil all-new City model in Philippine market

Honda Cars Philippines, Inc. (HCPI) is set to release the All-New Honda City targeting total sales of more or less 1,800 units combining the current and the All New City model for the remaining months of the year. HCPI Vice President Louie Soriano said they expect to sell more or less 1,800 units for both old and new City models for the remaining 3 months. From January to October this year, HCPI Honda City’s sales reached over 2,000 units. Among the models in its segment, the Honda City is currently at third place. Since the start of 2020, the Honda City is HCPI’s second best-selling model in its lineup. First is Honda Brio and third is Honda BR-V. “Our target market for the All-New City are the Sporty and Premium Seeker who are career driven, business minded, and those who are looking for a stylish and sporty sedan,” said Soriano. Interested customers may already inquire and reserve the All-New Honda City any of the 34 Honda Car Dealerships nationwide starting today, October 15, 2020. The all-new model will be available in the local market on October 22, 2020, as part of its month-long celebration of its 30th anniversary. This 5th generation of Honda City – the revamped best-selling sedan in HCPI’s model lineup now comes with new variant names and includes a new color. The All-New Honda City will soon be available with the following colors: Ignite Red Metallic (new color; 1.5 RS CVT, 1.5 V CVT, and 1.5 S CVT); Modern Steel Metallic; Platinum White Pearl (new color; 1.5 RS CVT and 1.5 V CVT only); Crystal Black Pearl; Lunar Silver Metallic (1.5 V CVT and 1.5 S CVT only); and, Taffeta White (1.5 S CVT and 1.5 S MT only). The company also announced that from October 15 to December 31, 2020, all current Honda owners who will refer an All-New City buyer will receive P5,000 worth of e-gift certificates upon every successful referral. Interested referrers may visit www.hondaphil.com/promos/referral-program for more information. The current generation of the Honda City, launched in May 2017, revolves around the grand concept of “Advanced Energetic Smart Star”. It exhibits a high-tech and sporty design, class-leading fuel efficiency and comfort, and above class safety that provide customers with the smartest ownership experience......»»

Category: lifestyleSource:  abscbnRelated NewsOct 18th, 2020

Monthly auto sales up 31.9% in July

Combined vehicle sales of Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) sold 20,542 units of vehicles in July 2020. CAMPI and TMA sales in July are higher by 31.9 percent from previous month’s sales of 15,578 units. Vehicle sales has recorded growth in sales for three straight months […].....»»

Category: newsSource:  metrocebuRelated NewsAug 16th, 2020

SM Prime income halved in H1 due to impact of pandemic

SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, posted a 46 percent drop in consolidated net income to P10.4 billion in the first half of 2020 from P19.3 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, SM Prime said its consolidated revenue for the first six months of 2020 registered a 23 percent decline to P43.7 billion from P57.0 billion in the first six months of 2019. SM Prime said it continues to innovate and strategize to recover from the unprecedented effects of the pandemic brought about by Coronavirus Disease 2019 (COVID-19) including continuous support in the operations of tenants as well as assistance to various stakeholders across the country. “The first half of 2020 has been one of the most challenging periods we’ve faced as a company. With the government maintaining the implementation of quarantine protocols in most key areas in the Philippines where our businesses are, SM Prime is committed to sustaining its operations while adhering to the strict safety measures implemented by the government and continue providing convenience to our customers,” said SM Prime President Jeffrey C. Lim. SM Prime’s Philippine malls’ rent income dropped by 44 percent to P13.1 billion in the first half of 2020 from last year’s P23.3 billion on the back of lower mall revenue of P14.4 billion, 49 percent lower from P28.1 billion of the same period last year. This is driven primarily by waived rent and rental discounts granted to tenants since the start of the quarantine measures in March, which amounted to P11 billion as of end of June. SM Prime’s residential business, led by SM Development Corporation (SMDC), recorded P23.7 billion revenue in the first half of 2020, 11 percent higher from P21.4 billion in the same period last year. This accounts for 54 percent of the consolidated revenue of the Company. SMDC generated P42.4 billion reservation sales in the first six months of 2020, amidst the quarantine measures. SM Prime’s commercial properties business’ revenue has grown 16 percent to P2.5 billion in the first half of 2020. Operating income registered at PHP2.2 billion, 22 percent higher than P1.8 billion during the first half of the previous year. The offices business of SM Prime has business process outsourcing (BPO) offices as primary tenants, which were allowed by the Philippine’s Inter-Agency Task Force (IATF) to continue its operations throughout the quarantine period. The hotels and convention centers business segment contributed P1 billion to consolidated revenues in the first half of 2020 despite limited operations. Conrad Manila, Park Inn Clark, Park Inn North EDSA and Park Inn Iloilo remained operational to cater to BPO employees and returning overseas Filipino workers/seafarers. The Company’s biggest events center, the Mall of Asia Arena, on the other hand, was converted into Mega Swabbing Facility in partnership with various government agencies to help front- liners as well as returning overseas workers. “The Company is doing its part to help the country to contain the spread of the virus. For our employees and agency workers, we have conducted antibody rapid testing and RT- PCR testing during the start of GCQ in the country to assure the safety and uninterrupted delivery of services to customers and to protect its workforce,”Lim added......»»

Category: sportsSource:  abscbnRelated NewsAug 3rd, 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

Kia expects auto sales to rebound in fourth quarter

Kia Motor Philippines said it expects automotive sales to reach 275,000 units across all brands and models this year on the back of sales rebound in the fourth quarter......»»

Category: financeSource:  thestandardRelated NewsJul 10th, 2020

Kia opens four new dealerships in PH expansion

Kia Motors Philippines, a member of the Ayala Group, opened four new dealerships in the country as it remains optimistic on a sales rebound despite the health crisis......»»

Category: financeSource:  thestandardRelated NewsJun 26th, 2020

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

‘Philippines exports on path to strong recovery’

The Philippines is expected to post a strong rebound in merchandise exports this year due to low base effects and resurgence of global demand as economies recover from the pandemic-induced slowdown......»»

Category: financeSource:  philstarRelated NewsJun 18th, 2021

Cautious optimism after car sales post double-digit growth in May

Car sales posted a double-digit growth in May, but the auto industry is staying "on guard" amid threats of renewed lockdowns that could snap the fragile rebound......»»

Category: financeSource:  philstarRelated NewsJun 14th, 2021

Motorcycle output, sales up 62% in 4 months

The production and sales of motorcycles and scooters in the Philippines posted double-digit growth in the four months to April from a year ago, when manufacturing facilities and dealerships temporarily suspended operations as lockdowns were enforced in response to the coronavirus pandemic......»»

Category: financeSource:  philstarRelated NewsJun 9th, 2021

UP, UST slip in QS World University Rankings 2022

The University of the Philippines and the University of Santo Tomas slipped in the World University Rankings for 2022 by international higher education information provider Quacquarelli Symonds (QS)......»»

Category: newsSource:  philstarRelated NewsJun 9th, 2021

Freedom-Loving Filipinos Stand With Myanmar Demonstrators

It is absolutely shameful that the country that gave the world the People Power revolution now stands mute as the Tatmadaw, Myanmar's military junta, trample on its citizens' freedoms and human rights. Democracies across the globe have begun to voice their concerns. Even our more enlightened neighbors like Taiwan, Indonesia, Malaysia, and Singapore repeatedly urge ASEAN to act and condemn the violence. But from the Philippines, we have so far heard nothing. Why? Why is the Philippine government silent? Are they afraid that their Asian neighbors might one day also call them out as well?.....»»

Category: newsSource:  philnewsRelated NewsJun 6th, 2021

MR.D.I.Y. marks 1,500 stores across Asia

Amidst the global challenges by the present pandemic, MR.D.I.Y. managed to expand its corporate footprint across Asia by continuously opening stores in Malaysia, Thailand, Indonesia, Singapore, Brunei, Philippines, Cambodia, and India with its mission in mind to create a globally recognized ASEAN retail brand that maintains variety, quality and value for money upholding its motto “ALWAYS LOW PRICES.”.....»»

Category: sportsSource:  abscbnRelated NewsJun 6th, 2021

Coldplay s Higher Power song release marked with 600 trees planted in the Philippines

Warner Music Philippines partnered with non-profit organization One Tree Planted to celebrate the much-anticipated release of Coldplay’s new single “Higher Power.”.....»»

Category: newsSource:  philstarRelated NewsJun 3rd, 2021

Unity in achieving herd immunity

Last Monday, Go Negosyo conducted a webinar entitled, “One year in COVID: How are we doing and where do we go from here?” In that webinar, we were joined by industry and sector leaders from Malaysia, Singapore, Israel, and the Philippines, where they shared stories from their countries and narrated how they are fighting COVID-19 and traversing the road towards herd immunity......»»

Category: newsSource:  philstarRelated NewsJun 3rd, 2021