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A broader look at today’s business n
Thursday, October 9, 2014 Vol. 9 No. 362
P25.00 nationwide | 17 sections 80 pages | 7 days a week
B.S.P. MAY PAUSE MONETARY ADJUSTMENTS AS INFLATION TARGET NOW APPEARS SAFE
Sept inflation provides breather
INSIDE
7 TIPS TO HELP TRAVELERS FLY LIKE A PRO Do them now
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ear Lord, one day we will wake up and find out there won’t be anymore time to do what we always wanted to do. Please allow and inspire us to do them now. Like saying, “ I love you” to those who you think would happily wish to hear it from you. “Take this amount, it might help in some way.” To anyone who you think need cash now. “I can give You a lift if there is no way to get there” to anyone wanting to be assisted. “I am listening, You may pour out to me what is bothering you so much and we can pray over your burdens.” Oh, Lord, help us to continue do some acts of mercy for the love of You. amen! rick warren and louie m. lacson Word&Life Publications • teacherlouie1965@yahoo.com
Editor: Gerard S. Ramos • lifestylebusinessmirror@gmail.com
Life
auTumn shOws ITs True cOLOrs
BusinessMirror
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7 tips
to help travelers fly like a pro
St. Louis Post-Dispatch
urely, there are people out there who love to fly. I’m not one of them. I tolerate flying. If it gets me from point A to point B quickly, then it’s a good thing. But it’s not fun. SmarterTravel.com just released a list of tips to help travelers fly like the pros. Some of them are more like reminders, but good ones to have as we head into fall and the coming holiday travel season. 1. When traveling with a companion, book the window and aisle seats. When you’re flying with someone else, book one window seat and one aisle seat in the same row. The middle seat is usually the last one that passengers want, so if it remains empty, you’ll end up with lots of extra room. This won’t work if the flight is full or almost full, but you could always offer your window or aisle seat to the person who takes the middle seat, and end up sitting next to your travel buddy. 2. Ask the gate attendant to check your carryon. If you don’t mind waiting for your bags at baggage claim, ask the gate attendant to check your carry-on bag, especially if the flight is full or nearly full. That way, you won’t have to fight for space in the overhead bins, and when you navigate through the airport after you land, you’ll have fewer things to lug around with you. 3. use a few different browsers and/or devices when searching for flights. It’s been said that sites deposit “cookies” on your device that can track your interest in a particular flight. Try deleting your
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ell-behaved consumer goods prices in September allowed the central monetary authority a level of confidence the country’s inflation will fall securely within the target for the year, enough to warrant a pause in its growth-boosting drive to push local output, measured as the gross domestic product (GDP), still higher or within the projected path this year.
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Thursday, October 9, 2014
By Amy Bertrand
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cookies or even using a couple different browsers or devices when searching for flights to ensure you’re finding the most accurate price. 4. Order one of the airline’s “special” meals. When you want to get as much sleep as possible on a flight, consider ordering one of the airline’s “special” meals, which are usually served and cleared first. 5. Keep your belongings with you. In-flight theft is more common than most people realize. If you put your things in an overhead bin, keep the most important items—your wallet, passport and any highly valuable items—with you, even if you take a quick trip to the bathroom. Also check on your stored items right before the plane lands. If you do find that something of yours has gone missing, you can alert the flight attendants and handle it before any other passengers have left the plane. 6. Book a seat a few rows back from the bulkhead seats. Mothers of small children usually book bulkhead seats, so book yours further away to avoid a screaming, unhappy baby. 7. Be the last person to board the plane. If you don’t care about having to check your carry-on bag at the gate, try boarding the plane last. There might not be an abundance of space available in the overhead bins, but you’ll be able to spot any empty rows or side-by-side empty seats to give yourself more space. If you have carry-on luggage but don’t want to risk losing space overhead, wait until 10 minutes before boarding starts and ask the gate attendant if there are any seats with empty ones next to them. Those seats probably won’t fill up at that point, so you could move to one of the open ones.
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PATIENtLY WAITING Sports BusinessMirror
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| Thursday, OCTOber 9, 2014 mirror_sports@yahoo.com.ph sports@businessmirror.com.ph Editor: Jun Lomibao
PATIENTLY WAITING Oscar de la Hoya is still optimistic Floyd Mayweather Jr.Manny Pacquiao will eventually happen, especially now that he has “ended boxing’s cold war” and made up with his former promoter and nemesis Bob Arum, chairman of Top Rank Promotions, which handles Pacquiao.
By Bob Velin
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USA Today
CLEAN, Virginia—The fight the world has begged for since they were, well, much younger— Floyd Mayweather vs. Manny Pacquiao—remains faintly on Oscar de la Hoya’s radar. The Hall of Fame boxer and founder of Golden Boy Promotions (GBP), who runs the day-to-day operations of the company named for the former Olympic gold medalist, has handled most of Mayweather’s fights since the two fought in 2007. That fight, won by Mayweather by split decision, sits in de la Hoya’s craw. He’s never wavered from the belief that he won. He’s still optimistic Mayweather-Pacquiao will eventually happen, especially now that he has “ended boxing’s cold war” and made up with his former promoter and nemesis Bob Arum, chairman of Top Rank Promotions, which handles Pacquiao. “Like every fan out there, I’m waiting patiently,” de la Hoya told USA TODAY Sports. “But my patience is starting to run out and now I’m smiling over Cotto-Canelo, which I know can fill that void.” Cotto-Canelo is a matchup de la Hoya and Arum are working to put together for next year— middleweight champion Miguel Cotto (39-4, 32 KOs) versus former junior-middleweight champ Canelo Alvarez (44-1-1, 32 KOs). Maybe the biggest chapter in the rich Puerto Rico vesus Mexico rivalry. “When Cotto-Canelo gets made, I see no reason why it can’t come close to the 2 million mark in pay-per-view buys,” de la Hoya said. “Yes, you have to give credit to Miguel Cotto, he’s a great fighter. But you bring in the Canelo factor and it brings pay-per-view fights to a whole new level.” Alvarez, Golden Boy’s meal ticket, recently signed with HBO, a major move for the promotion, which had been all but banned from the network and had worked almost exclusively with
Showtime in recent years. Alvarez, whose loss to Mayweather last year was the highest-grossing fight of all time at more than a $150 million, wants to fight on Cinco de Mayo and Mexican Independence weekend. As long as Mayweather is fighting for Showtime, those dates are reserved for him. Canelo asked to move to HBO, and de la Hoya made it happen, assuring his 24-year-old star remains happy. De la Hoya isn’t sure his company will handle Mayweather’s last two fights with Showtime, even though he says it would be great. “But if we never promote Mayweather again, well, you live another day,” de la Hoya said. “We are proud to be promoting the present and future of boxing, and that’s Canelo Alvarez.” De la Hoya touched on a number of issues during a wide-ranging interview: On ending boxing’s cold war: “There’s exciting fights to be made and we have a lot of work to do. But the fact that we’ve knocked on the door, and the door has opened, with HBO, with Bob Arum, there’s no more cold war going on. We’re now on speaking terms with Bob. It’s a great start. Rome wasn’t built in one night, but I’m confident and optimistic we can start making these big fights and finally granting the fans’ wishes for these mega-fights.” On Deontay Wilder (32-0, 32 KOs), one of Golden Boy’s top fighters, on getting a title fight with heavyweight champion Bermane Stiverne: “[The fans] want to see a guy who knows the value of being heavyweight champion. We know he can fight. The thing is, heis a nice guy. That’s what America wants to see, nice guys succeed.” On working with legendary Don King, who promotes Stiverne: “I remember calling him to start negotiations with Stiverne. I called him and said, ‘Hello Don?’ I didn’t speak for the next 20 minutes. He talked about Emiliano Zapata, he talked about different regions of Mexico, he mentioned how much he loves tortillas. That’s Don for you. It’s been a fun struggle to get things
done. But I’m very optimistic we can get this done first. That’s the most important thing.” because it’s very important for boxing. Don wants On how he’s feeling since going through rehab to see this fight happen, we want to see this fight for his addictions, comparing it to athletes who happen, so I think we can make it happen.” have been injured and go through a rehab process: On light-heavyweight champion Bernard “I’m telling you the best thing that ever happened Hopkins, who stood by de la Hoya after former GBP to me in my life was going get that help. The best CEO and Hopkins friend Richard Schaefer resigned thing I could ever do in my life was to admit that earlier this year: “Bernard Hopkins is my partner I am hurt, that, yes, my ankle does hurt and my 100 percent. He’s in my corner, I’m in his corner. elbow was in pain. Let me go and make sure it’s We understand the game. We not only understand strong, and wow, my life today is just amazing. what it takes to be a fighter, but how to deal with I feel great, I feel strong, I feel motivated, I feel change in boxing. And change in boxing can be very as if I’m training for the Olympics once again, scary.... We understand the goals we have set for for that gold medal. That was the ultimate. And each other. If you take care of the fighter and get for me to have that experience once again, I feel him the fights he wants, everybody wins.” like nothing can stop me...I feel happy, I feel that On welterweight Amir Khan’s chances of passion once again for the sport. This is my life, securing a fight with Mayweather: “I believe it this is what I love doing.” will happen. I’ve been talking to Amir. He wants On Hall of Fame hopes a second time, as a the fight. He believes he has the style, the ability promoter: “This is what I love doing, being involved to surprise Mayweather. Amir is a guy who is in boxing and being part of the growth of the sport. already an icon in the UK. He throws a lot of fast My ultimate goal today is to become a hall of famer combinations and he moves. He’s quick, he has as a promoter. And the way I’m going to get youth behind him, we feel it could be a very good there is by making the fights the fight. It’s a matter of when and where.” fans want to see.” On Schaefer leaving the company earlier this year and the court battle over that departure: “Look, he resigned on me several months back. I have a binding contract that runs until 2018. So there’s a little dispute, but things can be worked out. I’m not going to keep anyone from making a living, but at the same time, I’m going to protect what I believe is right.” On the rumored move of Schaefer to Mayweather Promotions: “My sole focus is on Golden Boy Promotions and the fans. As long as we can focus on our business, it doesn’t matter what Bob Arum is doing, or Don King is doing, or what Mayweather Promotions is doing. As long as we make the fights that fans want to see, we’re going to be OK. My business philosophy OSCAR DE LA HOYA: But my patience is is to focus on the work at hand and don’t starting to run out and now I’m smiling worry about anyone else. I wish them all the over Miguel Cotto-Canelo Alvarez, best—whoever wants to make the best which I know can fill that void. AP fights. Just make sure you put the fans
sports
By Bianca Cuaresma & Cai Ordinario
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the days of big rains
On Wednesday the Philippine Statistics Authority (PSA) reported inflation having significantly slowed in September to only 4.4 percent, from 4.9 percent in July and August. Compared against year-ago data, this represented an acceleration from 2.7 percent. This also brought the ninemonth inflation rate to 4.4 percent, higher than the 2.76 percent seen in the same period last year. While arguably at the higher end of the government’s 3-percent to 5-percent target, this was clearly within the target for the year. “Inflation for September, at
4.4 percent, falls squarely within our forecast of 4.1 percent to 4.9 percent. This puts the year-todate average at 4.4 percent, giving us more confidence that the 2014 full-year average will be within target,” Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. said in a text message to reporters on Wednesday.
Breathing room
The DBS Bank, in a note to clients, said lower inflation in September helped provide “breathing room” for the central bank to maneuver, when the policy-making Monetary Continued on A16
Emperador Brandy soon made in Tan’s vineyard in Spain By VG Cabuag
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health&fitness
mperador brandy, the flagship liquor brand of billionaire Andrew L. Tan, will soon be produced in the company’s vineyard in Spain. Emperador Inc. said in its disclosure to the Philippine Stock Exchange that its brandy, which it claimed to be one of the world’s best sellers, will be produced in Toledo, Spain, and will employ the most-advanced technology in Span. The brandy is currently being produced in the Philippines. “With its modern and technologically advanced design, Emperador’s vineyard in See “Emperador,” A2
PESO exchange rates n US 44.6980
East Gallery Place Ayala Land Premier Head Jose Juan Jugo points at the scale model of the East Gallery Place in Bonifacio Global City. It is scheduled for turnover by 2019. NONIE REYES
IMF TRIMS FORECAST FOR GLOBAL GROWTH
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he International Monetary Fund (IMF) slightly lowered its outlook for global economic growth this year and next, mostly because of weaker expansions in Japan, Latin America and Europe. The IMF said on Tuesday that the global economy will grow 3.3 percent this year, one-tenth of a point below what it forecast in July. World growth should then pick up to 3.8 percent in 2015, two-tenths of a point lower than its previous estimate, the IMF said in the latest installment of its World Economic Outlook. The global lending organization has a more optimistic view of the US economy, which it expects will See “IMF,” A2
PAL ordered far too many planes–Bautista By Lorenz S. Marasigan
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LAG carrier Philippine Airlines (PAL) is revisiting its $9.5-billion massive fleet-modernization program, as the company “ordered far too many planes” when it was under the management of San Miguel Corp. (SMC), a ranking official said. Jaime G. Bautista, the legacy carrier’s general manager, said part of his company’s considerations to rationalize the deal is to defer the delivery of a number of planes from
BAUTISTA: “We have to accept the fact that the previous management ordered far too many planes, and we have to see how we can use them efficiently.”
French aircraft maker Airbus. “We have to accept the fact that the previous management ordered far too many planes, and we have to see how we can use them efficiently. Our planes are far too many, that’s Continued on A2
n japan 0.4138 n UK 71.9504 n HK 5.7646 n CHINA 7.2804 n singapore 35.0710 n australia 39.4093 n EU 56.6100 n SAUDI arabia 11.9156 Source: BSP (8 October 2014)