Businessmirror september 02, 2016

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A broader look at today’s business n

Friday, September 2, 2016 Vol. 11 No. 328

P25.00 nationwide | 5 sections 34 pages | 7 days a week

C.A. INJUNCTION AGAINST PUBLIC INTEREST

PCC telco review to avert collusion

INSIDE

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GREATER INNOVATION AND LUXURY Motoring

Henry Ford Awards Best Motoring Section 2007, 2008, 2009, 2010 2011 Hall of Fame

Editor: Tet Andolong

Friday, September 2, 2016

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Greater innovation and luxury Story & photo by Randy S. Peregrino

W

HEN the all-new BMW 7 series was launched early this year, the overall design boasted of an absolute depiction of contemporary luxury. No wonder, it is dubbed as the most innovative vehicle in its class. It is built for those who seek nothing but the finest innovations and indulgence, whether from driving or being a passenger. Possessing one ta kes you beyond the motoring experience and gives you pleasure from the elite packages being offered. Asian Carmakers Corp. (ACC), the exclusive distributor

of BMW vehicles in the country, recently introduced the BMW 7 Series Priv ileges Programme, (7PP). This exclusive program entitles owners of the all-new 7 Series to a premium selection of ser vices that complement their luxurious experience with the brand ’s f lagship vehicle. Continued on E4

Motoring

By Lorenz S. Marasigan

@lorenzmarasigan

he Philippine Competition Commission (PCC) needs to review the multibillion-peso acquisition by PLDT Inc. and Globe Telecom Inc. of San Miguel Corp.’s (SMC) telco assets to ensure competition and protect the welfare of Filipino consumers, the Philippine Internet Society (PIS) said on Thursday. Continued on A2

BusinessMirror

ACC Vice Chairman Demosthenes Rosales (from left), Pontefino/1771 Group of Cos. CEO Ricky Gutierrez, Philippine Airlines Vice President for Ancillary Business Kevin Y. Hartigan-Go, Huma Island Resort Account Manager Dianna Joyce Lorenzo, ACC President Maricar Parco, Ayala Land Premier Marketing Head Eunice Asejo and Shangri-La at The Fort Director of Sales and Marketing Cecile Weber

What I think of Sen. de Lima Teddy Locsin Jr.

The transaction will leave a limited amount of spectrum to a potential third player. The MAO has found cause to believe that the amount of available spectrum posttransaction may not be sufficient for a new player to exert competitive pressure on PLDT and Globe.”—Mergers and Acquisitions Office

W sex video.

free fire HAT do I think of Sen. Leila de Lima? First, the

Someone sent me via Twitter the link to the sex video of de Lima. The link had a photo of a stout woman on top of a big black man wearing a college ring. Not my school for sure. I tweeted back. “Why did you let your mother impersonate de Lima naked? If she needed money, I would have sent a check. But I would have hoped she did not share the money with your father, who impersonated de Lima’s lover. Your dad does not fit the role. De Lima’s lover is good looking.”

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OF ‘LIGHT’ AND LOVE

Continued on A11

FDC set to run at full capacity by end-Sept

LIFE

F

cial housing in 2017. “That is the housing dilemma, the demand versus the affordability of each beneficiary, as well as the data that we have, because we don’t have the complete data,” said Armida Melendres, HUDCC policy development, legislation and special projects group project evaluation officer. See “Shelter agencies,” A2

See “FDC,” A2

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NEW D-MAX The new Isuzu D-Max was launched on Thursday at the Marriott Grand Ballroom in Newport City. Leading the ceremonial toast during the launching ceremony are (from left) Isuzu Motors International Operations Thailand Co. Ltd. President Yoichi Masuda, Isuzu Motor Co. Thailand President Takashi Kakuchi, Isuzu Philippines Corp. (IPC) President Hajime Koso, Isuzu D-Max Brand Ambassador Derek Ramsay, IPC Executive Vice President Takashi Tomita and Mitsubishi Corp. Senior Vice President Shigeru Wakabayashi. ALYSA SALEN

‘Shelter agencies need ₧105B a year to roll out socialized-housing projects’ By Cai U. Ordinario

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@llectura

DC Misamis Power Corp.’s (FDC Misamis) 405-megawatt (MW) coal plant is expected to run at its full capacity by the end of this month, following the synchronization of the second unit to the Mindanao grid. The synchronization of the second unit comes a month after the first unit went online. “To date, FDC Misamis has a generating capacity of 270 MW and is currently supplying over 200 MW into the Mindanao grid. So far, the commissioning test has been running smoothly and we expect to attain the full capacity of 405 MW by this month,” said Mario Pangilinan, president and COO of FDC Utilities Inc. Pangilinan added, “Mindanao has been suffering from a perennial power crisis for decades, given its high dependence on hydropower compounded by the increasing frequency of El Niño. Our project will finally put an end to this recurring power crisis that has plagued the region and, hopefully, drive the much-needed economic development in Mindanao.” The third unit is scheduled for synchronization by the first half of September. This is the first plant to be commissioned under the Duterte administration. Upon commissioning of its third unit, FDC Misamis will be supplying a total of about 500 MW, with the inclusion of its 100-MW Apo Geothermal IPPA (Independent Power Producer Administrator) contract. Long-term contractual commitments have been secured for more than 85 percent of the project’s net capacity with various distribution utilities and large industrial customers in Mindanao.

seeds fall

sports

By Lenie Lectura

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@cuo_bm

he Housing and Urban Development Coordinating Council (HUDCC) said on Thursday that shelter agencies need to spend P105 billion a year if the country’s 1.4 million informal settler families (ISFs) were to be given their own homes.

PESO exchange rates n US 46.5520

In a housing forum and book launch sponsored by the UP Center for Integrative and Development Studies and International IDEA in Quezon City, HUDCC officials said this is based on rough estimates using the ceiling cost of each socialized-housing unit pegged at P450,000. The Department of Budget and Management (DBM) allocated a total budget of P21.73 billion for so-

₧448.56B

The value of FDC assets as of end-June

n japan 0.4501 n UK 61.1647 n HK 6.0017 n CHINA 6.9699 n singapore 34.1741 n australia 34.9792 n EU 51.9520 n SAUDI arabia 12.4169

Source: BSP (1 September 2016 )


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Businessmirror september 02, 2016 by BusinessMirror - Issuu