15 MARCH 2019

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51.00 52.00 53.00 54.00 55.00 PESO-DOLLAR RATES 14 MARCH 2019 52.60 16 BUSINESS 25700 25200 24700 24200 DOW JONES 14 MARCH 2019 148.23 7900 7700 STOCK MARKET 7500 7300 52.55 14 MARCH 2019 14 MARCH 2019 INDEX SUMMARY INDEX VALUE CHANGE % CHANGE PSEi 7,750.42 -15.73 -0.20 ▼ All Shares 4,785.01 -15.66 -0.33 ▼ Financials 1,762.36 -2.44 -0.14 ▼ Industrial 11,551.98 -65.53 -0.56 ▼ Holding Firms 7,671.73 -23.38 -0.30 ▼ Services 1,572.20 3.63 0.23 ▲ Mining and Oil 8,079.75 132.39 1.67 ▲ Property 3,902.86 -15.45 -0.39 ▼ Friday, 15 March 2019 Daily Tribune THE lucrative business of franchising is seen accelerating at a 25-percent pace this year and contribute 7 percent of the country’s local output growth or the gross domestic product. Franchising sector eyes 25% growth We have seen a lot of successful brands not only from Manila but from Visayas and Mindanao who have expanded here so it makes sense for them to look for opportunities abroad By AJ Bajo The franchising sector is on a roll and may still post 25 percent year-on-year growth in revenues to $31 billion next year, the Philippine Franchise Association (PFA) said on Thursday. The sector’s revenue accelerated to roughly $25 billion in 2018 from $22 billion in 2017, and now accounts for 7 percent of the country’s gross domestic San Miguel Corp. (SMC) breached the P1 trillion revenue mark in 2018, powered by strong performances from all its key businesses — food, beverage, packaging, fuels and petrochemicals, power and infrastructure. Consolidated revenues reached P1.02 trillion, up 24 percent from the previous year while consolidated operating income increased 5 percent to P117.1 billion. The conglomerate’s consolidated EBITDA also rose 7 percent to P157.9 billion. Consolidated recurring net income reached P55.2 billion, up 1 percent from last year. Income growth for the conglomerate was tempered by the sharp decline in crude prices resulting in inventory losses for its fuels and petrochemical DIVERSIFIED conglomerate San Miguel Corp. generated revenues reaching P1 trillion in 2018.ww By Joshua Lao The country’s foreign portfolio investments, also known as hot or speculative money, flowed inward at a slower pace in February, the Bangko Sentral ng Pilipinas (BSP) said on Thursday. “Registered investments for the month of February 2019 amounted to $1.4 billion, lower by product, the association said at the launching of the 27th Franchise Asia Philippines expo. The association is eyeing markets with large concentration of Filipinos. “The growth from the previous years was a bit more conservative at 15 to 20 percent, but recently we have seen a great leap on the performance in terms of revenue expansion,” PAF president Richard Sanz said. The 25 percent growth target to 2020 will be propelled by three factors, he added. This includes the growing middle class, dispersion of jobs outside of top cities and continuous creation of new homegrown brands. “What’s driving this is really the education and the increasing minimum wage and more disposable income. For us franchisors, what that means is we’ll slowly be shifting our products and services offering from a single mass-based approach to a multi-tiered SMC ‘18 revenues hit P1T business during the 4th quarter of 2018. This was compounded by forex translation losses for the year. Food and beverage San Miguel Food and Beverage Inc. recorded consolidated revenues of P286.4 billion, 14 percent higher than the P251.6 billion reported in 2017, propelled by higher volumes and revenues. Operating income and net income both grew 8 percent to P45.9 billion and P30.5 billion, respectively. Subsidiaries San Miguel Brewery Inc. domestic operations and Ginebra San Miguel Inc. both recorded strong growth throughout 2018. San Miguel Pure Foods, meanwhile, posted revenue growth, due to increased volumes and better selling prices. Power SMC Global Power Holdings Corp. posted consolidated off-take volume growth of 39 percent in 2018. This was attributed to additional generation from the Limay, Malita and Masinloc power plants and better contributions from the Ilijan and San Roque power plants. Consolidated revenues stood at P120.1 billion, a 45 percent increase from the P82.8 billion posted in 2017. Operating income rose 37 percent to P33.2 billion. Fuels, oils and petrochemicals Petron Corp.’s combined revenues from February hot money dips 31.6% 31.6 percent compared to the $2.1 billion recorded for January 2019,” the BSP said. On a year-on-year basis, the posted figure for February reflect a 34.9 percent growth versus the listed $1.0 billion in the same month a year ago. Likewise, net inflows for the month stood at $339.57 million, a reversal from the recorded deficit of $528.53 million in February 2018. According to the BSP, bulk of the registered investments in February reaching 77.4 percent were placed in securities listed in the local bourse such as banks, holding firms, property, food, beverage and transport companies. The remaining 22.4 percent were approach.” he added. Moreover, PFA chairman Dr. Alan Escalona said that while about 20 to 30 franchising brands have successfully penetrated the global scene, PFA is aiming to up the figure to about 100 brands by 2025. The association is eyeing markets with large concentration of Filipinos such as the United Arab Emirates, North America and Canada, as well as Thailand, Indonesia and West America including Los Angeles, San Francisco and Vancouver. “This comes from the mainstreaming of the homegrown concepts. We have seen a lot of successful brands not only from the Philippines and Malaysia amounted to P557.4 billion, up 28 percent from the P434.6 billion posted in 2017. Income growth for the conglomerate was tempered by the sharp decline in crude prices resulting in inventory losses for its fuels and petrochemical business during the 4th quarter of 2018. Consolidated volumes grew slightly from the previous year, partly stirred by strong retail sales of high-performance fuels in Malaysia. Petron’s operating income and net income stood at P18.9 billion and P7.1 billion, down 32 percent and 50 percent from 2017 level, respectively, mainly due to inventory losses incurred in November and December. Global oil production supply increased during the 4th quarter of 2018 causing a nine-week consecutive fall in international oil prices. Infrastructure SMC Infrastructure’s consolidated revenues reached P24.5 billion, up 9 percent versus the previous year as vehicular volume at all operating toll roads continue to grow. Operating income likewise increased 13 percent to P11.8 billion. Construction of the Skyway Stage 3 and MRT7 remains on track while its Bulacan Bulk Water project started providing potable water to six Bulacan municipalities early this year. invested in both peso-denominated government securities and time deposits. In terms of country of origin, the United Kingdom, the United States (US), Singapore, Luxembourg and Norway were the top five investor countries for February 2019, registering a lion share of 67 percent. Manila but from Visayas and Mindanao who have expanded here so it makes sense for them to look for opportunities abroad,” Sanz said. Meanwhile, PFA’s Franchise Asia Philippines to be held from 27 to 31 March at the SMX Convention Center Manila is set to be the biggest of its kind in Asia. The expo will feature more than 700 franchise brands, 20 percent of which are international exhibitors. Among PFA’s members are Jollibee, Potato Corner, Max’s Group Inc., Wendy’s, Goldilocks, 7-Eleven, McDonald’s, Penshoppe, Bench, Seaoil Phils., Waffle Time and Phoenix Petroleum. Fresh and hot! New biz district in Fort Bonifacio Property giant Megaworld and the Bases Conversion and Development Authority (BCDA) are teaming up in creating a new district in Fort Bonifacio, the Bonifacio Capital District (BCD). Covering the southern part of Fort Bonifacio towards South Luzon Expressway (SLEX) and the Ninoy Aquino International Airport (NAIA), the BCD has a total land area of around 160 hectares. This covers Megaworld’s existing township developments, the 54.3-hectare McKinley Hill and the 34.5-hectare McKinley West; and BCDA-owned properties consisting of the 26-hectare Philippine Navy Village; the 33.1-hectare Bonifacio South Pointe property in partnership with the SM Group; the 10.1-hectare consular property beside McKinley West; and a remaining one-hectare BCDA lot. The district will soon house the country’s major institutions such as the Senate of the Philippines, the Supreme Court and the Court of Appeals. Envisioned to be the “country’s administrative capital,” the BCD will soon be home to the future buildings of some of the major government institutions. “This marks the strong partnership of BCDA and Megaworld Corp. in building for progress. As a key locator in Fort Bonifacio, Megaworld has made positive impact in the lives of many Filipinos through its ‘live-work-play’ concept. We saw the realization of this concept in McKinley Hill which is integrated in the BCD. The district will soon house the country’s major institutions such as the Senate of the Philippines, the Supreme Court and the Court of Appeals. These government institutions will be complemented with more office spaces, residential units, parks, and commercial establishments — which are all essential to our vision to create vibrant and livable communities for the people,” said Vince Dizon, president and CEO, BCDA. Not one, but two fresh and new sections will now also be served piping hot each weekend! The Daily Tribune is pleased to present Living Spaces, for property news and features; and Techtalk, for information and technology. We are as excited as you are, dear readers! 2018 DOT PROPERTY PHILIPPINES AWARDS 2018 LAROSSA CAPITOL HILLS BY PRIMEHOMES BEST RESIDENTIAL BOTANICAL DEVELOPMENT www.dotpropertyawards.com
FEDERER, NADAL ADVANCE P18 PINGRIS CLOSER TO RETURN P19 BRAZIL SCHOOL RAMPAGE KILLS 8 P20 CHILDREN’S ANGELS: DAPHNE AND ANNE P22 Aldrin Cardona, Editor Friday, 15 March 2019 Daily Tribune SPORTS 17 Wednesday’s Games (Thursday in Manila) WARRIORS END FOES’ SKEIN Rockets pffft after 9th Oklahoma City 108, Brooklyn 96 Washington 100, Orlando 90 Atlanta 132, Memphis 111 Miami 108, Detroit 74 Golden State 106, Houston 104 Utah 114, Phoenix 97 EASTERN CONFERENCE Atlantic Division W L Pct GB x-Toronto 48 20 .706 — Philadelphia 43 25 .632 5 Boston 41 27 .603 7 Brooklyn 36 34 .514 13 New York 13 55 .191 35 Southeast Division Miami 32 35 .478 — Orlando 31 38 .449 2 Charlotte 30 37 .448 2 Washington 29 39 .426 3½ Atlanta 24 45 .348 9 Central Division x-Milwaukee 51 17 .750 — Indiana 43 25 .632 8 Detroit 34 33 .507 16½ Chicago 19 50 .275 32½ Cleveland 17 51 .250 34 WESTERN CONFERENCE Southwest Division W L Pct GB Houston 42 26 .618 — San Antonio 39 29 .574 3 New Orleans 30 40 .429 13 Memphis 28 41 .406 14½ Dallas 27 40 .403 14½ Northwest Division Denver 44 22 .667 — Oklahoma City 42 26 .618 3 Portland 41 26 .612 3½ Utah 38 29 .567 6½ Minnesota 32 36 .471 13 Pacific Division Golden State 46 21 .687 — L.A. Clippers 39 30 .565 8 Sacramento 33 33 .500 12½ L.A. Lakers 31 36 .463 15 Phoenix 16 53 .232 31 x-clinched playoff spot Thursday’s Games (Friday in Manila) Cleveland at Orlando Oklahoma City at Indiana Sacramento at Boston L.A. Lakers at Toronto Minnesota at Utah Dallas at Denver Friday’s Games (Saturday in Manila) Charlotte at Washington L.A. Lakers at Detroit Sacramento at Philadelphia Milwaukee at Miami Phoenix at Houston Portland at New Orleans New York at San Antonio Chicago at L.A. Clippers Saturday’s Games (Sunday in Manila) Atlanta at Boston Memphis at Washington Phoenix at New Orleans Cleveland at Dallas Golden State at Oklahoma City Portland at San Antonio Brooklyn at Utah Indiana at Denver You can put whoever you want on me honestly HOUSTON — In his first season with the Golden State Warriors, DeMarcus Cousins hasn’t quite adjusted to the level of scrutiny and interest that comes with playing for the defending back-to-back National Basketball Association champions. And after his best game of the season on Wednesday night in a win over the Houston Rockets, Cousins likened the media frenzy surrounding the team to a soap opera his grandmother watched every day when he was a child. “I’m sure y’all have heard of it — “As the World Turns.” She called it her stories. I used to watch it with her and every episode it was something,” he said. “That’s what this has turned into — “As the World Turns.”” So does Cousins, who scored a season-high 27 points to help end Houston’s nine-game winning streak with a 106-104 win, want to star in the basketball version of the show? “No I don’t,” he said. “I play basketball. I don’t look for the drama or stories or anything like that. I just want to go play basketball.” Other NBA results saw Oklahoma City cruise past Brooklyn, 108-96; Washington rout Orlando, 100-90; Atlanta clip Memphis, 123-111; Miami smother Detroit, 108-74; and Utah raze Phoenix, 114-97. I play basketball. I don’t look for the drama or stories or anything like that. Some have wondered if Cousins is a good fit with this fast-paced team and there have been some growing pains as he’s been worked into the team after missing the first 47 games this season recovering from an Achilles’ tendon injury. But on Wednesday, with Kevin Durant out with an ankle injury, Cousins shined. He added eight rebounds and a season-best seven assists as Houston searched, without success, for ways to stop him. There were times the Rockets switched on defense and left much smaller players attempting to guard the 6-foot-11, 270-pound player. But big or small, Cousins didn’t care who’s was on him. “I don’t think anybody can stop me one-on-one period,” he said. “So you can put whoever you want on me honestly.” Klay Thompson scored 30 points to allow the Warriors to bounce back after a loss to Phoenix on Sunday, and avoided being swept by Houston after the Rockets won the first three meetings this season. Golden State, which had lost six of 10 overall, is 4-1/2 games ahead of Houston atop the Western Conference standings. The Rockets are tied with Oklahoma City for third place behind Denver. AP Tokyo ready for the worst Tokyo is pulling out all the technological stops to bolster safety Cyberattacks, terrorism, earthquakes and heatwaves: Tokyo 2020 organizers are hoping for the best but bracing for the worst and making contingency plans for several possible catastrophes during the Games. Clean, virtually crime-free Tokyo has been spared the terror attacks that have hit many Western cities in recent years, and is considered a relatively safe bet for the Games — it is often ranked as low-risk by insurance and risk-management firms. But that security goes out of the window when it comes to hosting the Greatest Show on Earth, says Shiro Kawamoto, counter-terrorism expert and professor of risk management at Nihon University. “Tokyo’s safeness in normal times cannot be taken for granted during the Olympics when the world’s attention is on it,” Kawamoto told AFP. AFP INTERIOR of the Tokyo 2020 Olympics gymnastic and Paralympics boccia venue construction site is seen in Tokyo. AFP GOLDEN State Warriors’ DeMarcus Cousins shoots against Houston Rockets’ Clint Capela during their NBA game, Wednesday in Houston. The Warriors won, 106-104. AP Race boss dies ahead of OZ Formula 1 has lost a faithful friend and a charismatic ambassador in Charlie MELBOURNE, Australia — Formula One’s long-serving and widely respected race director Charlie Whiting died suddenly in Melbourne Thursday, leaving a “huge void in the sport” just days before the opening Grand Prix of the season. The 66-year-old Briton, who had been at the helm since 1997 and was in charge of everything rules-related in the highly technical sport, suffered a pulmonary embolism, or blood clot. “It is with immense sadness that I learned of Charlie’s sudden passing,” FIA president Jean Todt said in a statement. “I have known Charlie Whiting for many years and he has been a great race director, a central and inimitable figure in Formula One who embodied the ethics and spirit of this fantastic sport,” he said. “Formula 1 has lost a faithful friend and a charismatic ambassador in Charlie,” he added. Whiting, a popular and pivotal figure in the sport, began his F1 career in 1977 working at the Hesketh team, then in the 1980s at Bernie Ecclestone’s Brabham, where he was chief mechanic during the world title successes of Nelson Piquet in 1981 and 1983. He rose to chief engineer before becoming an integral part of organizing the world championship after joining the Federation Internationale de l’Automobile in 1988. His broad role included overseeing track and car safety, procedural matters on Grand Prix weekends and starting the race itself. Whiting died just a day before he was scheduled to officiate at the first practice session of the season at Albert Park in WHITING Melbourne. It was not clear who would replace him. Throughout his career, Whiting was a driving force in pushing improved safety and played a key role in the introduction of the halo, the ring-like barrier fitted over drivers’ heads as protection. He rose to chief engineer before becoming an integral part of organizing the world championship after joining the Federation Internationale de l’Automobile in 1988. ‘Possibly irreplaceable’ Formula one managing director Ross Brawn said he was “devastated” at the news, after knowing Whiting all his racing life. “We worked as mechanics together, became friends and spent so much time together at race tracks across the world. I was filled with immense sadness when I heard the tragic news. I’m devastated,” he said. “It is a great loss not only for me personally but also the entire Formula 1 family, the FIA and motorsport as a whole.” AFP
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15 MARCH 2019

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