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BusinessMirror November 11, 2014

Apr 06, 2016

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  • A broader look at todays businessBusinessMirrorthree-time rotary club of manila journalism awardee2006, 2010, 2012

    u.n. media award 2008

    www.businessmirror.com.ph n Tuesday, November 11, 2014 Vol. 10 No. 33 P25.00 nationwide | 8 sections 36 pages | 7 days a week

    Peso exchange rates n us 45.0690 n jaPan 0.3935 n uK 71.5696 n hK 5.8135 n china 7.3607 n singaPore 34.9779 n australia 38.8225 n eu 56.1650 n saudi arabia 12.0130 Source: BSP (10 November 2014)

    By Bianca Cuaresma

    Foreign direct investments (FDi) continued to rise in August when viewed against the same month last year, a reflection of sustained global investor confidence in the Philippiness growth story, the Bangko Sentral ng Pilipinas (BSP) said on Monday. FDI posted a net inflow of $299 million in August, more than double the $141-million net inflows reported in the same month last year. The investments brought the FDI net inflow in the first eight months to $4.306 billion, some 59 percent higher than in the same eight-month period in 2013 when this aggregated $2.709 billion. Compared to the previous month, however, Augusts $299-million FDI inflows represented a deceleration from $436-million FDI in July. FDI inf lows remained robust, buoyed by investors confidence in the economy on the back of the countrys sound macroeconomic fundamentals, the BSP said. During the month, the inflows came from equity investments in the financial and insurance, manufac-turing, transportation and storage, real estate, and the administrative and support services sectors.

    Continued on A2

    Jan-Aug FDI up 59% to $4.3B

    Meralco to hike5-year spendingbudget to 86B

    By VG Cabuag

    Tokyo, JapanPower distributor Manila Electric Co. (Meralco) said it is allotting some P86 billion in capital expenditures (capex) for the next five years, mainly to expand its network and invest some in generation business. Meralco President oscar Reyes told reporters in a me-dia briefing that the company is allotting some P65 bil-lion for its distribution business and P21 billion for its power-generation plants, where it has invested in. The said amount is higher than the P70 billion in capital

    robust growth in long-term inVestments reflects continuing inVestor confidence in Phl

    Megaworld 9-mo profitsurged 192% to 19.03BREAl-ESTATE giant Mega-world reported a net income of P19.03 billion for the first nine months of 2014, 192 percent higher than the P6.52 billion posted in the same period in 2013. The figure includes the P11.62-billion nonrecurring gain from the acquisition and sale of a subsidiary and associate. The company attributed the huge jump in sales to the strong residen-tial sales in its various townships, particularly in Newport City, Up-town Bonifacio, Mckinley Hill and Eastwood City, as well as higher

    leasing income from its office and retail portfolio. We are confident that Mega-world can achieve another record year for 2014 as we further expand our township developments all over the country, said Dr. Andrew l. Tan, chairman and CEo of Megaworld. Megaworlds rental income from its office developments and lifestyle malls surged to a record P5.2 billion in the first nine months of 2014, a 20-percent jump from P4.34 billion in the same period last year. Total revenues of Megaworld and

    china counters u.s.sasia PiVot with cashPresident Xi Jinping sought to counter the Uss efforts aimed at boosting influence in Asia by flexing Chinas eco-nomic muscle days before a Beijing summit with his counter-part Barack Obama. speaking to executives at a CeO gathering in Beijing, Xi out-lined how much the world stands to gain from a rising China. He said outbound investment will total $1.25 trillion over the next 10 years, 500 million Chinese tourists will go abroad, and the government will spend $40 billion to revive the ancient silk road trade route between Asia and europe. Chinas development will generate huge opportunities and benefits, and hold lasting and infinite promise, Xi said. As Chinas overall national strength grows, China will be both capable and willing to provide more public goods for the Asia Pacific and the world.

    See Megaworld, A2See Meralco, A2

    NaTures beauTies Candidates of the 2014 Miss earth wave to the crowd during the press presentation at the Green sun building in Makati City. NONOY LACZA

    sap apj opensphl hub for sharedservices

    lakersend skid

    how art is properlyhung

    inside

    A mericAn Standard, the trusted name in bathroom products (tinyurl.com/mpmcquh), offers an assortment of fixtures and fittings that marry impressive design with practical functionality. At the same time, American Standard provides customers with exciting promos that make shopping such a pleasurable experience. The brands latest offering, the more Splash, Get cash! promo, will treat its customers to free Lazada electronic vouchers.

    American Standard knows that customers love to hunt for new things and discover great bargains. With online stores such as Lazada.com.ph emerging and selling a variety of great finds, customers can now browse for hours and make purchases right in the comfort of our own home. in the promo, American Standard will grant a customer free Lazada electronic vouchers worth up to P2,500 for a minimum single transaction of selected bathroom products. The promo is ongoing until December 19.

    AMERICAN STANDARD, LAZADAOFFER ELECTRONIC FREEBIES

    Life >>d2Dear God, help us never to be driven by guilt. We want to spend our entire lives not running from regrets and hiding from shame. We do not wish to be guilt-driven manipulated by memories. We do not want our past to control our future. We do not wish to unconsciously punish ourselves by sabotaging our own success. In the Bible, Cain killed his brother, his guilt disconnected him from feeling Gods presence, and God said, You will be a restless wanderer on the earth. That describes many people today...wandering through life without a purpose. We are products of our past, but we dont have to be prisoners of it. Gods purpose is never limited by our past. He is always the forgiving Father. amen!driven by guiltThE puRpOSE DRIvEN LIFE, RICk wARREN AND LOuIE M. LACSONWord&Life Publications [email protected]: Gerard S. Ramos [email protected] Tuesday, November 11, 2014

    disneys Big Hero 6 wins

    weekend over interstellar

    T he Japan Foundation, Manila (www.jfmo.org.ph), in partnership with Ayala Museum, presents the traveling exhibitionEarth Manual Project,on view on the third floor gallery of Ayala Museum until December 7. An initiative of KIITO (Design and Creative Center Kobe),Earth Manual Projectencourages a country of frequent natural disasters, such as the Philippines, to also become a country of excellent disaster preparedness. The exhibitions maiden run happened last year in Kobe, Japan, wherein 23 projects from different Asian countries showcased activities centered on disaster-risk reduction and post-disaster relief and recovery. The Manila run of the exhibition includes 11 projects that tackle earthquake, typhoon and flood:Iza! Kaeru Caravan!, Jishin Itsumo Project and Red Bear Survival Campby NPO Plus Arts (Japan),Design for Floodby Thailand Creative and Design Center (Thailand),Climate School Projectby Dakila (Philippines),The Filipino Spirit is Waterproofby Ayala Museum (Philippines),Paper Partition Systemby Shigeru Ban (Japan),RooSuFlood: Knowledge

    to Fight Floodby RooSuFlood (Thailand), Lost Homes Model: Restoration Projectby Osamu Tsukihashi (Japan),Core House: Extensive Live Post Earthquakeby Ikaputra (Indonesia),Floating Wombs: A Healing Project Through the ArtsheARTSby Alma Quinto (Philippines) andForms of Recollectionby Plus63 Design Co. (Philippines). The exhibition is an opportunity for visitors to make their own disaster preparedness manual based on the presented projects, as well as for audience to hear stories and expertise from overseas creators. Talks are slated on the first two Saturday, with speakers Osamu Tsukihashi ofLost Homes Model: Restoration Projecton November 8; and hirokazu Nagata of NPO Plus Arts, Ruttikorn Vuttikorn of Club Creative Co. Ltd., and Dan Matutina of Plus63 Design Co. on November 15. Earth Manual Projectis also made possible through the support of KIITO, NPO Plus Arts, AIG, Muji, Yoshinoya, Plus63 Design Co., Capitol University and the Ateneo de Manila University-Japanese Studies Program.

    A wealthy few will suffer their biggest problem in life, and this would beto paraphrase and augment what has been attributed to the late great Duchess of Windsormoving the Gauguin one-fourth of an inch to the left. Here are pointers on how to hang it all, nail it and make it look awesome on a wall.

    THE 57-INCH RULE ProPer picture hanging can be turned into a simple, gratifying task by following the tip: Always hang your artwork at 57 inches on center. This means that the middle of the artwork is always at 57 inches above the floor, says a story on the subject by ApartmentTherapy.com. Apparently, the 57-inch standard represents the average human eye height and is used in many galleries and museums. To achieve the 57-inch rule, simply follow these instructions posted by the web site: 1. measure and lightly mark 57 inches on the wall. 2. measure artwork height and divide by two. This gives you the center. 3. measure top of your picture to the tightened wire. 4. Subtract tight wire amount from half the height amount for the to the hook amount. This will tell you how far above 57 inches your hook should go.

    5. Lightly mark the wall just above 57 inches with the to the hook amount. For example: 1. The picture is 20 inches tall. 2. middle is at 10 inches. This mid point should rest at 57 inches on the wall. 3. Wi