The sentiment toward the shares of Century Pacific Food Inc. would be dependent on the results of its third-quarter and nine-month earnings report, an analyst said.

“With the release of its earnings within this month, this may dictate the sentiment depending on the results,” Diversified Securities Inc. trader Aniceto Pangan said in a text message.

The shares of the listed food-manufacturing firm closed among the top decliners last week as it fell 98 centavos or 5.94 percent to P15.52 apiece amid the 1.19-percent climb of the main index on Friday.

Pangan said the price of Century Pacific Food corrected during the previous trading week, while it was on consolidation for the month of October, as its shares slumped by 9.56-percent on a monthly basis.

“For October, it was on consolidation at a high of P18 per share to a low of P16.70 per share until the last two consecutive trading days, as local market corrected in line with the global market,” he noted.

Pangan explained that Century Pacific Food was a beneficiary of the heightened demand during the second quarter amid the implementation of the strict enhanced community quarantine (ECQ).

“Century Pacific Food was a beneficiary of the heightened demand during the second quarter as their staple canned products, marine and meat were the main focus of the government in their food subsidy program during ECQ, while milk serves for health and wellness benefits,” Pangan said.

He added the demand for food began normalizing along with the easement of the quarantine restrictions, which he said might push Century Pacific’s growth to consolidate to the normal state.

Century Pacific Food recorded a 31-percent surge in its net income during the first half of the year to P2.24 billion from P1.7 billion in the same period last year on the back of the growth of its consolidated revenues.

The conglomerate’s revenues soared by 28-percent year-on-year to P25.1 billion from P19.6 billion as its shelf-stable products saw a heightened demand in the months of April, May and June.

Its core branded products of marine and meat and milk business also exhibited strong results during the period.

Meanwhile, Pangan sees the stock undergoing a price correction as it has just broken out of its consolidation phase.

Subsidies extended by the national government to state-owned firms shrank in September, data from the Bureau of the Treasury showed, with the bulk extended to the National Irrigation Administration (NIA).

Thirty one government-owned and -controlled corporations got a total of P7.12-billion assistance during the month, down by 88.1 percent from P60.27 billion in August 2019.

NIA secured P2.62 billion last month. The agency is responsible for irrigation development and management in the country.

The Bases Conversion Development Authority came in second in subsidies received with P1.03 billion followed by National Power Corp. with P753 million.

Also securing assistance in September were the National Home Mortgage Finance Corp., Local Water Utilities Administration, National Electrification Administration,  Aurora Pacific Economic Zone and Freeport Authority, Cultural Center of the Philippines, Credit Information Corp., Center for International Trade Expositions and Missions, Development Academy of the Philippines, IBC-13, Lung Center of the Philippines, National Dairy Authority, National Kidney and Transplant Institute, Philippine Coconut Authority, Philippine Center for Economic Development, Philippine Crop Insurance Corp., Philippine Children’s Medical Center, Philippine Fisheries Development Authority, Philippine Heart Center, Philippine Health Insurance Corporation, Philippine Rice Research Institute, Philippine Institute for Development Studies, PPC, People’s Television Network Inc., Subic Bay Metropolitan Authority, Social Housing Finance Corp., and Zamboanga City Special
Economic Zone.

Year-to-date, government subsidies reached P199.6 billion.

The Social Security System (SSS) got the biggest allocation during the nine-month period with P51 billion. It can be noted that SSS was the implementing agency of the P 51-billion Small Business Wage Subsidy (SBWS) program.

Launched in April, the SBWS program provided 3.1 million workers in the formal sector employed in micro, small and medium enterprises P5,000 to P8,000 wage subsidies for the month of April and May. The amount of the subsidies depends on the regions where the workers are employed.

In 2019, the government gave away a record P201.52 billion in subsidies.

Subsidies are part of the national government’s disbursement program.

The sentiment toward the shares of Century Pacific Food Inc. would be dependent on the results of its third-quarter and nine-month earnings report, an analyst said.

“With the release of its earnings within this month, this may dictate the sentiment depending on the results,” Diversified Securities Inc. trader Aniceto Pangan said in a text message.

The shares of the listed food-manufacturing firm closed among the top decliners last week as it fell 98 centavos or 5.94 percent to P15.52 apiece amid the 1.19-percent climb of the main index on Friday.

Pangan said the price of Century Pacific Food corrected during the previous trading week, while it was on consolidation for the month of October, as its shares slumped by 9.56-percent on a monthly basis.

“For October, it was on consolidation at a high of P18 per share to a low of P16.70 per share until the last two consecutive trading days, as local market corrected in line with the global market,” he noted.

Pangan explained that Century Pacific Food was a beneficiary of the heightened demand during the second quarter amid the implementation of the strict enhanced community quarantine (ECQ).

“Century Pacific Food was a beneficiary of the heightened demand during the second quarter as their staple canned products, marine and meat were the main focus of the government in their food subsidy program during ECQ, while milk serves for health and wellness benefits,” Pangan said.

He added the demand for food began normalizing along with the easement of the quarantine restrictions, which he said might push Century Pacific’s growth to consolidate to the normal state.

Century Pacific Food recorded a 31-percent surge in its net income during the first half of the year to P2.24 billion from P1.7 billion in the same period last year on the back of the growth of its consolidated revenues.

The conglomerate’s revenues soared by 28-percent year-on-year to P25.1 billion from P19.6 billion as its shelf-stable products saw a heightened demand in the months of April, May and June.

Its core branded products of marine and meat and milk business also exhibited strong results during the period.

Meanwhile, Pangan sees the stock undergoing a price correction as it has just broken out of its consolidation phase.

“PH1 World Developers is a company driven to disrupt the conventions of property development in the Philippines to transform the way Filipinos live and work. With our newest project, My Enso Lofts, we will deliver a condo that utilizes innovative engineering to provide homeowners with extra living space at no extra cost, right in the heart of Quezon City,” said Albert Ong, PH1 World assistant vice-president for Business Development.

On their part, Megawide Chairman and Chief Executive Officer Edgar Saavedra expressed his appreciation of the company’s partnership with PH1 World.

“We share a common goal with PH1 World to innovate and elevate the way structures are built in the Philippines. Megawide is proud to be the construction partner of PH1 World and we are dedicated to delivering the highest standards of excellence and innovation for My Enso,” said Saavedra.

AddLoft technology: Extra space at no extra cost

For My Enso, PH1 World and Megawide introduced AddLoft technology, a unique engineering solution employed to maximize unit space. AddLoft, provides each unit a loft structure to maximize its high ceiling spaces, to which homeowner can customize to suit their needs.

“With PH1’s AddLoft Technology, having dedicated spaces for work and play will never be an issue for My Enso residents, especially with today’s new working and living requirements,” said Gigi Alcantara, PH1 World vice-president for Sales and Marketing.

“Whether you need space for a home office, home schooling, storage, or your personal passions, you can utilize the loft space according to your needs. AddLoft really brings extra value to the unit, in whatever way it suits your lifestyle,” she further explained.

Extra features

The semi-furnished units follow a modern minimalist aesthetic with thoughtful and functional pieces. Unit owners can also look forward to high-quality indoor environmental standards as the building will feature environment-friendly and energy-efficient structural and design elements.

Residents will get to enjoy exclusive access to leisure and business amenities including a co-working space, a rooftop garden, underground parking, plus access to commercial and retail spaces on the lower floors. The building is also equipped with 24-hour security and keyless entry locks to give residents peace of mind.

According to Ong, they are “are pushing for extra” as he explained My Enso’s features.
“My Enso’s AddLoft technology, plus the location and quality engineering thanks to Megawide, enables us to bring first-world homes to our patrons,” he added.

My Enso Lofts is expected to be completed by the 4th quarter of 2025 and will be available for pre-selling starting October 2020.

Subsidies extended by the national government to state-owned firms shrank in September, data from the Bureau of the Treasury showed, with the bulk extended to the National Irrigation Administration (NIA).

Thirty one government-owned and -controlled corporations got a total of P7.12-billion assistance during the month, down by 88.1 percent from P60.27 billion in August 2019.

NIA secured P2.62 billion last month. The agency is responsible for irrigation development and management in the country.

The Bases Conversion Development Authority came in second in subsidies received with P1.03 billion followed by National Power Corp. with P753 million.

Also securing assistance in September were the National Home Mortgage Finance Corp., Local Water Utilities Administration, National Electrification Administration,  Aurora Pacific Economic Zone and Freeport Authority, Cultural Center of the Philippines, Credit Information Corp., Center for International Trade Expositions and Missions, Development Academy of the Philippines, IBC-13, Lung Center of the Philippines, National Dairy Authority, National Kidney and Transplant Institute, Philippine Coconut Authority, Philippine Center for Economic Development, Philippine Crop Insurance Corp., Philippine Children’s Medical Center, Philippine Fisheries Development Authority, Philippine Heart Center, Philippine Health Insurance Corporation, Philippine Rice Research Institute, Philippine Institute for Development Studies, PPC, People’s Television Network Inc., Subic Bay Metropolitan Authority, Social Housing Finance Corp., and Zamboanga City Special
Economic Zone.

Year-to-date, government subsidies reached P199.6 billion.

The Social Security System (SSS) got the biggest allocation during the nine-month period with P51 billion. It can be noted that SSS was the implementing agency of the P 51-billion Small Business Wage Subsidy (SBWS) program.

Launched in April, the SBWS program provided 3.1 million workers in the formal sector employed in micro, small and medium enterprises P5,000 to P8,000 wage subsidies for the month of April and May. The amount of the subsidies depends on the regions where the workers are employed.

In 2019, the government gave away a record P201.52 billion in subsidies.

Subsidies are part of the national government’s disbursement program.

The local bourse is expected to take cues from the performance of the US markets and track the results of upcoming local economic data for this week’s trading, an analyst said.

Last week, the Philippine Stock Exchange index (PSEi) saw a last minute rebound as it climbed 1.19 percent or 74.61 points to finish at 6,324 on Friday amid the Wall Street’s rally.

Philstocks Financial Inc. research associate Claire Alviar said the main index will weigh local and foreign catalysts for the trading week, and is seen to establish a support line and bounce from that level.

She said tlocal shares would follow the performances of the US markets amid the forthcoming US elections and the negative sentiment from the resurgence of coronavirus disease 2019 cases abroad.

Locally, Alviar expects the release of better economic data — including the Markit Manufacturing Purchasing Managers’ Index for October and the month’s inflation rate — to stimulate positive sentiment in the market as this is seen to signal economic recovery.

Investors, meanwhile, have mixed sentiments on the government’s recent extension of the general community quarantine (GCQ) in the National Capital Region.

“[W]e think that the decision of the government to keep Metro Manila under GCQ is mixed given the lingering restrictions, but this seems to be more biased to the positive since the economy is reopening already,” Alviar explained.

President Rodrigo Duterte announced Metro Manila would remain under GCQ until November 31 along with the provinces of Batangas and Lanao del Sur and the cities of Iloilo, Bacolod, Tacloban and Iligan.

Alviar said the PSEi is expected to establish a support zone around the 6,000 to 6,100 level, then possibly bounce within the territory as investor participation improves.

She noted that value turnover in the previous week averaged about P7 billion daily, excluding the listing day of Converge ICT Solutions Inc. last Monday.

The figure is higher than September’s P5.2-billion average value turnover, according to Alviar.

“[W]e’ve [also] seen foreigners lately coming back in the market which is a good sign that could help sustain the rally,” Alviar added.

THE first local government unit (LGU) in Capiz province to adopt and put into effect Republic Act (RA) 9266 is the municipality of Panitan. According to the Chinese proverb, “a adventure of a thousand miles starts with a unmarried step” and certainly, RA 9266 or “The Architectural Act of 2004,” is quite a challenge for every architect within the Philippines to put in force.
Ironically, this is already a law, however in some cases, it desires a nearby ordinance in order to be implemented in the nearby stage to be lots greater understood and favored. LGUs need to be informed about this law of their locality if the sitting reliable within the Building Office (OBO) or the local leader government is an architect or pleasant to architects, then this technique of enforcing this regulation will not be difficult for the nearby UAP chapters.

UAP Capiz Chapter’s advocacy of RA 9266 commenced almost a decade ago, however the nearby political landscape become now not favorable then and the sustainable power, especially from the country wide level, was not so severe as compared to the past four UAP National Presidents, specially Arch. Guillermo Hisancha and Arch. Benjamin Panganiban Jr. The media marketing campaign and catchy advertising and marketing method were the sustaining hearth that burned in the hearts of the UAP Capiz bankruptcy members to achieve the deltamarket scam , “kahit isa lang muna” (despite the fact that it is one for now) as we the chapter members continually say to each different as hopeful phrases, and from that “kahit isa lang muna” got here any other challenging query, “Sino sa kanila na LGUs?” (Who amongst these LGUs?)

Groundbreaking of the Proposed Redevelopment of Panitan People’s Hall

The province of Capiz, which comprises sixteen municipalities and one aspect town, Roxas City, its capital, can be taken into consideration a growing province in Panay island and will be considered 2nd to Iloilo province in phrases of infrastructure, socio-economic improvement, health and training. The figures offered are desirable barometers that the province and every municipality need as a minimum an architect to assist the fast improvement of each municipality. The rapid rising numbers of local architects in the entire province (Capiz State University produces more than one hundred plus certified architects since it began to open this route more than 15 years ago) is also an awesome indicator that the province now is prepared for the offerings of the architects and can even fill within the function of the town/municipal architect for every city/ municipality.

Where to begin?

To move back to the query “sino sa kanila na LGU?” The local chapter through its president Arch. Ma. Socorro “Chinky” Ignacio-Traviña, with the full guide of its officials, attempted different avenues to introduce RA 9266. We attempted Roxas City in addition to the provincial authorities because the bankruptcy is a civil society company within the town and also a member of the Provincial Developement Council in the provincial authorities. We fostered properly relationships in both LGUs and as a matter of reality we even assisted in developing the city’s Comprehensive Land Use Program, as well as the province’s call for the design competition of the proposed convention and cultural center. We were thankful and happy with the contribution our bankruptcy prolonged in the direction of community improvement via this participation.

Again, time become not on our facet. As we had been gearing up for the method closer to our method, the coronavirus sickness 2019 (Covid 19) pandemic have become the order of the day of each LGUs. Health and safety had been always the problems that had to be faced every day, and constrained private engagements delivered to our ordeal to speak about the matter of RA 9266 in my view.

‘Dream Big; Start Small’

A not unusual mantra in enterprise presentation changed into the brand new approach that we had adopted “Dream big, begin small.” Thus, we timed-out the metropolis’s and province’s LGU for a while and commenced to check the water on the municipal degree. As Arch. Ignacio-Travena had roots within the municipality of Panitan, and its mayor, Katherene Dequina–Belo, understood quite properly the jobs architects make a contribution to society, we did a courtesy go to to the coolest mayor and a warm welcome signified a brighter desire for our bankruptcy to introduce RA 9266. She referred to as the vice mayor, Byron Delfin, the municipal engineer who’s also the modern OBO, and Engr. Eduardo Dunton to present us time to introduce this within the council for a assessment and if agreed by way of absolutely everyone be authorised for adoption and implementation. It took a few months due to the enhanced network quarantine until it had been given time for deliberation.

A window of possibilities

It also opened an possibility for our UAP bankruptcy to push for the implementation of RA 9266, due to the fact that our career were identified at that point the municipality itself turned into making plans to do a chief re-improvement of its municipal hall, as well as a production of a commercial building mission for the LGU. The chapter assisted the LGU in engaging in a design competition, in which our member architects participated as a collection or as individuals on this opposition. This comes all through the time we were discussing about our professions, our products and what services we can offer to them.

Dream comes genuine

On June 23, 2020, along with Arch. Ignacio-Traviña and different participants/officials of our UAP bankruptcy, we attended the meeting on the Sanggunian Bayan (SB) consultation, almost about having RA 9266 carried out in their locality. The consultation meeting was very pleasant and cordial. We should say, it become extra of a curiosity and rationalization and after nearly an hour, we were given the nod of approval from the council. On July 2, 2020, both the municipal authorities of Panitan and the UAP Capiz Chapter, made records as this municipality became the primary LGU in Capiz to undertake and enforce the RA 9266 below SB Resolution 32, a feat that we are able to continue to cherish together with those people who have helped us make this dream come proper.

Recognition and appreciation

A gesture of the UAP National Office below the leadership of immediately beyond National President Arch. Benj Panganiban Jr., (as this interest was at some stage in underneath his administration) changed into a plaque of appreciation both for the good Mayor Dequina–Belo and to the legislative body led by means of Vice Mayor Delfin. The plaque were supplied through UAP Capiz Chapter’s intermediate president Arch. Ignacio-Traviña throughout the floor-breaking of the Municipal Hall, in which our firm, consisting of my son Arch. Joric Demingoy and I, have been able to get the redevelopment of the municipal hall even as Arch. Larry Arbolado and Arch. Ken Darly Danos got the Paseo de Panitan, the commercial building project.

This conclusion states even when we may have began small, it offers us extra motives to continue dreaming huge, and to make that big dream into truth. “Today is Panitan, and day after today the whole province of Capiz, in addition to Roxas City.” By the grace of God, I believed all of this is possible with the aid of His willingness and purposes. UAP Capiz Chapter will keep the journey to attain that goal by that unmarried step regardless how a ways it would be.

Just one step at a time understanding it is going to be a thousand steps extra to adventure on this truth.

Arch. Eric L. Demingoy of Roxas City, Capiz was a manufactured from the University of San Agustin, Iloilo City. He earned his degree in Urban and Regional Planning from UP-Visayas in 2012.

For 15 years, he labored in Singapore and treated extraordinary forms of initiatives, frequently blend-used improvement, grasp planning, and challenge management. He has been a private practioner for 10 years and is the principal architect of Koinoarch Architects + Planners. His company won the layout opposition of the Panitan Municipal Hall in Panitan, Capiz. He was the Chapter President of UAP Capiz for the FY 2015–2016 and has been re-elected in the equal function for the the FY 2020–2021.

Around 24.6 percentage or P279.46 billion of the overall actual estate loans (REL) consisted of residential loans, and seventy five.Four percentage or P858.59 billion were accounted for by using commercial loans.

Credit growth has tended on its personal to serve as a terrible indicator of a monetary crisis, because it takes no account of the ability of the country to carrier its debts.

“Rapid credit increase in a quick-growing usa like the Philippines is less of a challenge than in a rustic like, as an instance, Japan where nominal GDP [gross domestic product] is slightly growing,” it added.
The ratio of trendy authorities debt to the u . S .’s gross home product (GDP) dropped slightly inside the first semester of 2016 because the Philippine economy grew faster than the growth in its obligations, the Department of Finance (DOF) said on Sunday.

This is higher by using 19.8 percent or P388.17 billion from P949.88 billion a yr in advance, according to central financial institution records.

Loans to the real estate sector accounted for 19.2 percent of the big banks’ P5.Ninety four trillion in overall mortgage portfolio (TLP) that covered f interbank loan receivable (IBL). Minus the IBL, loans to the world accounted for 19.Eight percent of the f P5.Seventy three trillion in TLP.

“A surge in lending to property-associated sectors stands proud as an apparent region of concern. But lending to the assets area money owed for simplest 20 percent of general lending,” Capital Economics said.

“That said, we don’t assume the Philippines is at approaching danger of a disaster.” the studies consultancy referred to.

Another effect of a downgrade is the chance that foreign direct investments will pass down, because of this less jobs could be created, the Cabinet respectable noed.

“Investments inside the stock marketplace will move down. So our inventory market costs received’t be so attractive,” he introduced.
LENDING with the aid of massive banks to the real estate zone grew in double-digit phrases within the first half of of the year, with most of the loans allotted to commercial functions, the crucial bank pronounced over the weekend.

The loans established and industrial banks launched to the actual property area amounted to P1.33 trillion as of quit-June 2016, the Bangko Sentral ng Pilipinas (BSP) said past due Friday.