Saturday, January 5, 2013

Vista Land raises P636 million from share sale - InterAksyon.com

Vista Land's Avant project

InterAksyon.com
The online news portal of TV5

MANILA - Vista Land & Lifescapes Inc has completed the sale of all its treasury shares, raising P636 million.

In a disclosure to the Philippine Stock Exchange, the property firm of Senator Manuel Villar said it sold 133.91 million treasury shares at P4.75 apiece, representing a 2 percent discount from Thursday's close of P4.85 per share.

The share sale was aimed at boosting liquidity of the company's shares amid strong investor demand, Vista Land said.

Vista Land will no longer have any treasury shares after the transaction. It has 8.539 billion outstanding common shares.

Proceeds of the transaction will be used for general corporate purposes, said Ricardo Tan, Vista Land chief financial officer.

The property developer is raising its capital expenditure budget to over P18 billion amid expectations of sustained economic growth, fueling demand for real estate.

Vista Land would pursue its three-pronged strategy of expanding its horizontal projects in new areas, launching more condominium developments in urban areas and building more commercial developments within or near its residential subdivisions.

The firm has the widest geographical reach among property developers, with a land bank of almost 2,000 hectares nationwide. It is present in 31 provinces and 63 cities and municipalities around the country.

Vista Land is poised to hit or even surpass its net income target of about P4.2 billion and sales of P40 billion for 2012, representing a growth of nearly a fifth from 2011 figures.

At-end September, its earnings grew 24 percent to P3.2 billion from the 2011 figure of P2.6 billion.

Vista Land is the holding company of five business units, namely, Brittany, Crown Asia, Camella Homes, Communities Philippines, and Vista Residences.

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Source: http://www.interaksyon.com/article/51910/vista-land-raises-p636-million-from-share-sale

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Friday, January 4, 2013

Leading Indonesian E-Commerce Platform Berrybenka.com Raises Stage A Funding From GREE Ventures

BerryBenka logoGREE Ventures, the venture capital arm of social gaming company GREE, has made an undisclosed series A investment in leading Indonesian e-commerce fashion platform Berrybenka.com. The funds will be used to grow Berrybenka.com's business in Indonesia, by expanding its product selection, scaling marketing and expanding logistics.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/e9BxVH8HQkY/

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Nova Launcher Updates with More Home Screen Customizations, Better Performance, and More

Nova Launcher Updates with More Home Screen Customizations, Better Performance, and MoreAndroid: Nova Launcher, one of our favorite custom launchers for Ice Cream Sandwich and Jelly Bean, just updated to include even more customization options for your home screen, as well as some nice performance improvements.

The newest version includes the following new features and improvements:

  • Custom wallpaper cropping
  • Larger desktop grids
  • Infinite scroll setting in the app drawer
  • Small icons in the dock
  • Custom icon sizes (Prime only)
  • Swipe actions on any icon (Prime only)
  • Lots of options for improving performance, like "Aggressive Desktop," as well as scrolling and memory management improvements

Hit the link to download the new version.

Nova Launcher | Google Play Store via Talk Android

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/zKedujhlId0/nova-launcher-updates-with-more-home-screen-customizations-better-performance-and-more

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Thursday, January 3, 2013

Financial PR Predictions for 2013 | Business 2 Community

The following is penned under the presumption that the Mayans are wrong.

Here is a list of 2013 PR industry predictions based on a recent water cooler poll conducted by yours truly in a certain Midtown office. The anecdotal feedback is spliced with observational mental notes logged during the last 12 months of client and prospect meetings, media consumption of every type, trade show handshaking and collegial drinks. This prescience has a particular focus on financial services, but you may find some of the themes to be universal in nature.

  • Old Dogs Learning New Tricks

For years your clients have told you, thanks but no thanks. You introduce them to the new-age, new-fangled tactics designed to develop their business in a world of new media. New, new, new. But they weren?t having it. Next year will be different. Next year they will return your call. Sure, don?t expect them to engage in the most progressive exercises adopted earliest by those in consumer product-based marketing. Regulation and business complexities in finance obtrude most activity in this realm. These banks, asset managers and the like will be selectively excited about the infographic, which for many is so last season. The Twitter handle, which companies have been, in a word, handling for years, is just the beginning. Heck, most can barely even access their personal email accounts, let alone Facebook. The New York Times reported as much: http://dealbook.nytimes.com/2012/11/22/banned-on-wall-street-facebook-twitter-and-gmail/?hpw

News Corp. took SmartMoney all digital. The Daily Beast shuddered Newsweek. Bloomberg may buy the Financial Times (http://www.nytimes.com/2012/12/10/business/media/weighing-the-financial-timess-worth-in-the-digital-age.html?pagewanted=all&_r=0). Not even the people who report the news know what?s coming next in the media business, but suffice it to say, disruption in this volatile realm will persist over the next 12 months. This has and will continue to create opportunity for markcom professionals and our clients. Limited resources in the editorial business create an opportunity to make contributions that afford a chance to control a business message. That can come in the form of say a recurring blog or a web-video series. Having such influence with the media poses less of a business risk. (See also: ?10 Key Takeaways from Post Industrial Journalism) http://www.huffingtonpost.com/craig-kanalley/post-industrial-journalism-takeaways_b_2233808.html)

Whether it?s that the cameras now have access to places that were once closed to the public eye or whether it?s a high-powered executive?s willingness to let said cameras into a room. We must admit that we?re seeing more and more media-facing top brass from America?s most public and private institutions that have traditionally erred on the side of conservatism. Be it in dead tree or digital and social form, business leaders are acknowledging its value and participating in the activity. Mashable reports: http://mashable.com/2012/05/24/ibm-ceo-social-media/

Any idea you conjure from a two-hour brainstorming session has a home on a mobile device. It?s true, especially in a time where everyone is now more than ever before married to their phones of either the flip or smart variety. It?s all mobile and will continue to be so. Experts have argued that by 2015 web users who currently access certain tools online likely will look first to mobile devices to access that same tool. In the case of financial services, investment calculators, guides and trading tools are among the features that will make the best use of mobile. A Forbes contributor sort of said so: http://www.forbes.com/fdc/welcome_mjx.shtml

And if you disagree with any of the above, let?s at least agree that change, in one form or another, is inevitable in our business. What do you say?

Source: http://www.business2community.com/finance/financial-pr-predictions-for-2013-0366571

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Wednesday, January 2, 2013

Korean unification may cost South 7 percent of GDP: ministry

SEOUL (Reuters) - Unification of the two Koreas could cost the South up to 7 percent of annual GDP for a decade though the South would benefit in various ways such as cheap labor and the North's resources, South Korea's Finance Ministry said on Wednesday.

Korea has been divided since the end of World War Two and the Stalinist North and capitalist South have been fierce rivals since the 1950-53 Korean war.

But both Koreas see themselves as the rightful leaders of the Korean people and while there would appear to be no chance of unification in the immediate future, people in both Koreas harbor that hope.

The Finance Ministry said in a report on mid- to long-term policy-making strategy that if the two Koreas unified within the next eight years, South Korea would likely pay from one to seven percent of its annual gross domestic product (GDP) every year for 10 years.

"Unification will contribute to the expansion of the economy's potential growth through increased labor, investments, production and economic cooperation," the ministry said in the report.

Seven percent of South Korea's GDP last year of 1,237 trillion Korean won ($1.15 trillion) would be 86.6 trillion won ($80.62 billion).

The estimates reflect the costs as seen in the short-term, or until 2020.

Though relations between the North, which has twice tested a nuclear device, and the South have been particularly bad over the past few years, they could soon improve.

South Korea's conservative president-elect, Park Geun-hye, has said she could hold talks with North Korean Kim Jong-un but she wants the South's isolated and impoverished neighbor to give up its nuclear weapons program as a precondition for aid, something the North has refused to do.

Park takes office in February.

MORE GOOD THAN BAD

The South Korean government has yet to release a formal estimate for the cost of unification. The Finance Ministry's estimate was based on projections by research institutions.

However, research outsourced by the Unification Ministry in 2011 estimated it would cost South Korea a total of 371.5 trillion won to 1,253.5 trillion won if unification occurred by 2020.

The Finance Ministry said the cost would result in a heavier financial burden and more government debt in a country where growth is expected to fall to the 2-percent range this year.

Sovereign debt stood at 34 percent of South Korea's GDP in 2011, which the government aims to lower in the long term.

Despite the risk of an enlarged debt burden, the government sees more good than bad in the unification, with the ministry saying it would act to off-set the swift ageing of the South Korean population.

The ministry also pointed out the benefits of increased cooperation with neighboring countries, including the development of a gas pipeline linking South Korea and Russia.

Plans for the pipeline hatched during the administration of outgoing President Lee Myung-bak have been shelved indefinitely because North Korea has not cooperated.

The ministry also said the elimination of the North Korean risk factor would result in increased offshore investment and South Korea would benefit in the long term from mineral resources in the North.

(Editing by Robert Birsel)

Source: http://news.yahoo.com/korean-unification-may-cost-south-7-percent-gdp-125552862--sector.html

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Facebook security glitch exposes users' New Year's Eve messages

40 min.

Whew! Facebook saved countless users from?New Year's Eve humiliation ... after initially exposing their private messages.

Facebook's Midnight Delivery app allows users to schedule private messages to wish friends a happy new year exactly when the clock strikes twelve. This is fantastic for those who intend on having a glass of Champagne or five as 2013 approaches, as it will let them schedule a polite message along the lines of?"Happy New Year, my beloved friends!" instead of drunk texting everyone ?something like?"I'm sooooo wasted right nowljskf and happy NEW YeAr! 2013 FTW! YOLO!" when the ball in Times Square drops.

Now great as Facebook's little app sounds, there was?just one problem: A security glitch temporarily exposed users' scheduled?messages to the general public.

The Next Web's?Robin Wauters reports that?when a user scheduled a Midnight Deliveries?message, he or she was presented with a confirmation page. Unfortunately, that confirmation page could be viewed by anyone who happens to guess its URL. "You couldn?t see who sent the messages," Wauters explains, "but you could see all the intended recipients, and the message itself, if you tweaked the URL the right way."

Those toying around with URLs could also see images which were attached to those scheduled massages. And to add insult to injury, they could also delete the correspondences.

"We are working on a fix for this issue now," a Facebook spokesperson told NBC News via email. "[A]nd in the interim we have disabled this app on the Facebook Stories site to ensure that no messages can be accessed."

Perhaps the more prudent approach, for the time being, is to just plain type out a "Happy New Year!!!!1!!!" text message and send it to everyone in your contacts at midnight.

Want more tech news?or interesting?links? You'll get plenty of both if you keep up with Rosa Golijan, the writer of this post, by following her on?Twitter, subscribing to her?Facebook?posts,?or circling her?on?Google+.

Source: http://www.nbcnews.com/technology/technolog/facebook-security-glitch-exposes-users-new-years-eve-messages-1C7755878

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Jim Davenport, South Carolina Associated Press Reporter, Dies

COLUMBIA, S.C. ? Jim Davenport, an Associated Press reporter who worked doggedly to inform people in South Carolina about what their governors, lawmakers and other powerful officials were doing with their tax money and their influence, died Monday, according to his wife, Debra. He was 54.

Davenport died after battling cancer for two years.

Davenport was a tenacious reporter. He not only was the first reporter to tell the world in 2009 that Gov. Mark Sanford had been missing for a couple of days, but he followed the story for years. Davenport revealed that Sanford used taxpayer money to upgrade himself to business or first-class on flights and use the state plane for personal trips. That led to Sanford paying a $74,000 fine, the biggest ethics penalty in state history.

During his 13 years with the AP, Davenport also revealed that the state Commerce Department used a private marketing account to pay for $1,000 chairs, a maid for the director's Columbia apartment and alcohol for its Christmas parties. He was a tireless advocate for the state's Freedom of Information Act, coordinating the first audit that showed how little public bodies and law enforcement agencies understood about the public's right to know.

"Jim's reporting was always clear-eyed, his main question `What are these folks doing on behalf of the people who put them in office?' And that is what earned him respect. And affection," said Kathleen Carroll, the AP's executive editor.

He was at the Statehouse during some of the most dramatic periods of modern South Carolina history and was the wire service's main reporter on the day in July 2000 when both the Confederate flag was taken down and the state banned video gambling.

"Jim Davenport was the epitome of the thorough beat reporter, a man who cultivated sources because those he covered respected his ethics, his compassion, his tireless work ethic and his desire to hold those in power accountable for their actions. His enthusiasm and curiosity were boundless, matched only by his love for his family and his strength of character," said Evan Berland, Davenport's news editor during the Sanford scandal and now AP's deputy editor in the East Region. "Those who worked with Jim are the better for it."

Davenport worked long hours, but his bosses knew he needed to leave on time when his daughter, Catherine, was performing on stage. His wife, Debra, said her husband loved his only child so much he wouldn't even take his tie off before he was romping around the room with her when she was little.

Before entering journalism, he drove a barge for a dredging operation, worked as a roadie for a band and made tires at a factory. He also had a master's degree in English. The journalism bug bit him while he was at the University of South Carolina

In October, Davenport's health kept him from attending a gathering planned in his honor by South Carolina Gov. Nikki Haley. So the governor came to his house instead.

She stayed and visited with Davenport for an hour, awarding him the Order of the Palmetto, the state's highest civilian honor. She said she respected Davenport, even when he pointed out her problems, like repeating a claim that half the people applying for jobs at the Savannah River Site nuclear complex failed drug tests. The actual number was less than 1 percent.

The governor said Davenport did his homework before talking to her and often knew more than she did. In a statement Monday, Haley praised him for his fairness, integrity and hard work.

"While we will miss Jim at the Statehouse, on the campaign trail and any place news is made, we know his legacy ? not just as a great reporter but as a devoted husband, father and friend ? will outlast those of us who were privileged enough to work with him. And our entire state will be better for that," Haley said.

After a stint at The State in Columbia, Davenport joined the AP's South Carolina bureau 13 years ago and quickly became an institution in the state. Perhaps no story better showed off his talents than the Sanford saga.

It started with a tip in June 2009 that Sanford hadn't been in his office for several days. Davenport was first to report the governor's disappearance and that the governor's staff had not been in contact with him either. They suggested he was hiking the Appalachian Trail. A few hours later, Davenport was the only reporter to talk to first lady Jenny Sanford, who didn't know where he was either, and said the governor hadn't talked to his sons on Father's Day.

The governor's revelation a few days later that he was in Argentina seeing his lover made worldwide news. But that wasn't the end of the story for Davenport. He, like many other reporters, wondered if the governor used taxpayer money or resources for the affair. Although that proved not to be the case, Davenport followed that thread to an even bigger scoop.

Poring through the governor's calendar, the flight records of state airplanes and other documents, Davenport learned Sanford used the state airplane to fly him to vacations, dentist appointments and a birthday party of a campaign donor. The records also showed the governor took flights in private planes to places like the Bahamas and did not disclose the travel in violation of ethics laws.

Sanford vigorously denied doing anything wrong, but eventually pleaded no contest to 37 ethics violations. The famously frugal governor had to pay a $74,000 fine and $36,498 to cover the costs of the investigation.

Despite his aggressive reporting, Davenport was highly regarded by the public officials he covered.

In March 2012, the South Carolina Senate honored Davenport with a resolution, introduced by Sen. John Land, who was wrapping up his 37th and final year in the Legislature.

"I never noticed whether Jim had an agenda," Land said. "He reported it fair, whether you liked it or not."

After the resolution was unanimously adopted, every senator came by to shake Davenport's hand, offering words of thanks and encouragement.

Six weeks later, the House also honored Davenport. Members recalled his deep intelligence and love for his state.

"Society is better when we have journalists who are smart people," Rep. Rick Quinn told Davenport, as he sat in the balcony, looking just a touch uncomfortable from all the attention. "South Carolina has been a better place because of your service."

___

Collins worked with Jim Davenport for more than 12 years. He can be reached at . http://twitter.com/JSCollinsAP

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Source: http://www.huffingtonpost.com/2012/12/31/jim-davenport-dies-dead_n_2388679.html

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