Sunday, December 1, 2013

Amazon unveils futuristic mini-drone delivery plan






WASHINGTON – Amazon CEO Jeff Bezos revealed Sunday that his company is looking to the future with plans to use “octocopter” mini-drones to fly small packages to consumers in just 30 minutes.


The US retail giant’s ambitious project still requires additional safety testing and federal approval, but Bezos estimated that Amazon “Prime Air” would be up and running within four to five years.


A demo video posted on the company’s website showed the tiny robotic devices picking up packages in small yellow buckets from Amazon’s fulfillment centers and then whizzing through the air to deliver the items to customers just 30 minutes after they made their purchase on Amazon.com.


“I know this looks like science fiction. It’s not,” Bezos told CBS television’s “60 Minutes” program.


“We can do half-hour delivery… and we can carry objects, we think, up to five pounds (2.3 kilograms), which covers 86 percent of the items that we deliver.”


The mini-drones are powered by electric motors and could cover areas within a 10-mile (16-kilometer) radius of fulfillment centers, thus covering a significant portion of the population in urban areas.


They operate autonomously and drop the items at the target locations thanks to GPS coordinates transmitted to them.


“It’s very green, it’s better than driving trucks around,” said Bezos.


Amazon said the octocopters would be “ready to enter commercial operations as soon as the necessary regulations are in place,” noting that the Federal Aviation Administration was actively working on rules for unmanned aerial vehicles.


It projected a more optimistic timeline than Bezos himself for the project to be activated, saying the FAA’s rules could be in place as early as 2015 and that Amazon Prime Air would be ready at that time.


Bezos hinted that part of the motivation behind the mini-drones was to make sure Amazon remains on the cutting edge of the retail industry.


“Companies have short life spans… And Amazon will be disrupted one day,” he said.


“I would love for it to be after I’m dead.”



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Tags: Amazon , Jeff Bezos , Prime Air



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PH economic growth seen to slow down

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After five straight quarters of growing by more than 7 percent, the Philippine domestic economy is likely to slow down in the next few quarters through 2014 in the aftermath of Supertyphoon “Yolanda,” several economists said.


Bank of the Philippine Islands economist Jun Neri said that factoring the effects of the typhoon, the country’s gross domestic product (GDP) growth might ease to 5.5 percent in the fourth quarter.


“This would still translate to nearly 7 percent growth in full-year 2013, still an impressive follow-through to 2012’s 6.8-percent rise. We expect the slowdown to be sustained through the first quarter 2014, before regaining momentum again by the second quarter 2014 as bulk of the reconstruction efforts start to kick in by then,” Neri said.


While growth could return to the 7-percent levels by the second half of next year, Neri said full-year 2014 growth could slow down to 6.1 percent from 6.3 percent.


In a separate research note, New York-based think tank Global Source said that in light of decreased economic momentum, the country’s 2013 growth might average 6.8 percent, lower than its earlier forecast of 7.2 percent. The think tank also reduced its 2014 growth outlook for the Philippines to 5.8 percent from 6.2 percent.


Despite being the country most devastated by natural disasters year after year, optimism is still high about the Philippines’ future, said HSBC economist Trinh Nguyen. However, she said the country’s GDP would likely slow to 5.1 percent this fourth quarter and to 5.8 percent for 2014.


Nguyen said the recent typhoon had exposed the Philippines’ most fundamental strength and weakness: The resilience of its people, reflective in the likely rise of remittance inflows to support relatives as well as the ability of the affected individuals to pick up and move on; and the limited funds available for spending on infrastructure, disaster preparedness and relief efforts.


She noted that only P29.9 billion was available for the entire fiscal year of 2013 for flood control, calamity, quick response and emergency housing. “The government estimates that the direct damage amounts to P24.5 billion, mostly agriculture losses, but about three million people are likely to have lost their jobs, so the indirect economic losses, if unaddressed, are likely to be more severe. A lot of infrastructure in the stricken Eastern Visayas region (farm-to-market roads, fishing boat landing sites, irrigation) was damaged or destroyed,” she said.



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Tags: Business , economy , News , Yolanda



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Reopen for business


Open for business!


That is the new thinking in big business in the aftermath of Supertyphoon “Yolanda.” Most big companies just proved that the best way for corporations to respond to major calamities would be … well, for them to resume operations as quickly as possible. Reopen for business, in a way.


It is in fact the philosophy being pushed by the private sector organization called CNDR, or Corporate Network for Disaster Response, made up of companies that have no disaster response systems of their own.


CNDR now points at the chaos left behind by Yolanda as proof that corporate services must resume immediately, particularly the public utility companies, such as the power generators and distributors, the telecommunications companies, airlines and other transport companies, and most importantly, banks. It seems that CNDR believes that the public, whether victims or relatives of victims, would need their services the most in times of calamities.


From what I gathered, for instance, the top executives of NGCP, or National Grid Corp. of the Philippines, worked day and night—rotating on 12-hour shifts—to oversee the restoration of power service in the Visayas. In just a few days, NGCP was able to restore power in Ormoc City and several towns in Iloilo.


Of course the national flag carrier Philippine Airlines was in the frontline of the corporate response to the destructive Yolanda, the first to respond to the disaster in the Visayas.


According to PAL insiders, the company is still getting requests for “free” transportation of relief goods until today, a humanitarian service started by PAL just two days after Yolanda, or as soon as the airport in Tacloban, Leyte, became partially operational.


In fact, the cargo service of PAL Express (the budget airline of PAL formerly known as Air Philippines) is now hampered by a major backlog, forcing it to stop accepting shipments in the meantime.


Indeed, PAL transported to Tacloban a good number of doctors and members of relief missions, including government personnel who would assess the damage done by the supertyphoon.


PAL was the first and only commercial airline that dared to fly to the devastated city. In a way, Tacloban became missionary route for the flag carrier.


To me, when it comes to crunch time, we can truly separate the national flag carrier from the other commercial airlines. Just imagine how much more chaotic things would have been in the relief and rescue operations in the Visayas had PAL refused to risk flying its multimillion-dollar aircraft, what with reports of rioting and looting there.


Anyway, PAL started to operate six flights a day to Tacloban, airlifting paying passengers, of course. But it also flew “for free” medical doctors, rescue personnel and security forces—not to mention relief goods.


As soon as PAL received the go signal from the authorities, the airline changed the aircraft it used on the Manila-Tacloban route to the larger Airbus A320, thus enabling PAL to bring into the devastated city more response teams.


From what I gathered, less than two weeks after Yolanda, PAL was already able to transport more than 200,000 kilos of relief goods—for free—coming from the United Nations World Food Program and the Philippine National Red Cross, among others.


It has also transported more than a hundred doctors and medical practitioners.


As for the banking system, among the first to reopen for business in Tacloban was Security Bank, which resumed full operations last week. The bank even announced to its clients that it would waive the usual ATM fees in Tacloban and Ormoc.


Normally, banks charge clients for inter-branch ATM deposit and withdrawal. Security Bank perhaps thought that clients in Manila, for instance, would want to send money to their relatives in the Visayas. The bank decided to waive the charges.


The bank announced that branches in Central Visayas, also heavily affected by Yolanda, were fully operational, including those in Ormoc, Tagbilaran (Bohol), Roxas City (Capiz), Cebu City and Mandaue (Cebu), Dumaguete (Negros Oriental), Bacolod (Negros Occidental), Iloilo City (Iloilo), Catarman (Samar), Puerto Princesa (Palawan) and Calapan (Mindoro).


In the real estate sector, a company called Century Properties, founded by former Ambassador Jose Antonio, decided that it would concentrate on the rehabilitation of the devastated area, and not much on the distribution of relief goods. In fact, the company and its employees decided to cancel their Christmas party and set aside the funds for the construction of houses for the victims in the Visayas.


According to Antonio, his contacts abroad—such as those in the Rockefeller Foundation—already indicated support for his plan to build thousands of houses in the affected areas.


But still another idea is starting to take shape in the business sector as the long-term response to this killer called Yolanda: It is time for businesses to think “green.”


For instance, only a couple of construction projects in the country obtained this certification called LEED, or Leadership in Energy and Environmental Design, started in the United States that, through the years, evolved as the world standard in “green” construction projects.


The only LEED-certified school project in the country is the pioneering design proposed by Multiple Intelligence International School (MIIS), which is trying to build a school in the Katipunan area in Quezon City.


From what I gathered, the MIIS Green School project boasts of an education model that adds into the curriculum “environment education,” in which the students actually become “sustainability officers” in their classrooms, homes and communities. The students are made to practice “green” living everyday by reducing their carbon footprint, using eco-friendly materials and protecting the ecosystem. In a way, the students grow up with a “green” awareness.


According to the MIIS proponents, the model would then be extended to public schools.


The proponents also claimed that they would be using high-tech wastewater treatment systems to save up on the precious resource from the MWSS. The system calls for rain gardens, underground rain water storage, and permeable walkways to collect rainwater.


The school development may also block noise and air pollution through a network of wind catchers and cooling technology, filtering polluted air from Katipunan Avenue, releasing it as “fresh” air to the school campus and even the surrounding areas.


According to its proponents, MIIS Green School is to be equipped with a traffic management system used in developed countries, such as multilevel floors for drop-off and pick-up of passengers, or campus roads designed for smooth traffic flows, or parking slots much more than the minimum requirement under the National Building Code.


The bad news is, however, certain members of Blue Ridge A Resident Association (BRARA) are already fighting the LEED-certified project, although in the future all construction projects should have similar certifications.


Those BRARA members were against the project because of the additional traffic it would create in the Katipunan area.


For its part, MIIS Green School said that its LEED-certified master plan already addressed the traffic concerns of the residents in the area, which perhaps escaped the attention of those trying to stop the project.


The last I heard was that the proponents and the opposing residents are going on a “consultation” with the Quezon City hall.





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BSP to ensure level playing field in integrated Asean

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The Bangko Sentral ng Pilipinas (BSP) has vowed to protect the local banking industry by ensuring a level playing field once the country decides to integrate its financial system with that of its Southeast Asian neighbors.


BSP Governor Amando M. Tetangco Jr. said the region’s policymakers had agreed that reciprocity would be the main tenet of the Association of Southeast Asian Nations (Asean) Integrated Banking Framework (Abif), which is scheduled for 2020.


He said that under the Abif, major banks from the region’s 10 member countries would be classified as Qualified Asean Banks (QAB), which are institutions that have the authority to expand their reach in other markets.


But even after a bank becomes a qualified QAB, its operations in individual countries will still need the approval of respective regulators.


“If a foreign bank wants to operate in the Philippines, its operations will still have to be approved by the BSP,” Tetangco said.


“Basically, you only open up to markets that open up to us,” he said.


Tetangco said any country that puts limits on the operations of Philippine banks will see the same limitations imposed on its own banks.


Likewise, the integration of the local financial system into a larger and more competitive Asean community, Tetangco said, would be done only when the country’s banks are ready.


“There have been agreements in principle. One of the agreements was that you commit when you’re ready. Some will be ready earlier than others. They can go ahead and the others will just follow,” Tetangco said.


He said policymakers in the region would draft strict requirements for a bank to be qualified as a QAB, hinting that ownership limitations may be imposed on banks that have investors from outside Southeast Asia.


The Abif is part of Asean’s aspiration of creating a unified economic community in the region, similar to the European Union.


In line with the integration, countries in Asean will allow tariff-free trade of goods with other members by 2015. Bond and equity markets will also be integrated to improve the depth of the region’s financial markets.


Nestor Tan, president of the country’s largest bank BDO Unibank Inc., has been one of the most vocal critics of the BSP’s willingness to open up the country’s banking system.


Tan has said the integration was more of a threat than an opportunity for local banks.


He said local banks, even the largest ones, would be no match for the financial heft of larger banks in countries like Singapore and Malaysia.



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Tags: Asean economic integration , Business , News , Qualified Asean Banks



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Cebu seen as viable site for BPO firms

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Metro Cebu has remained a viable alternative office destination for business process outsourcing (BPO) firms, despite recent calamities, property consultancy firm CBRE Philippines said last week.


This optimism stemmed from reports of continued operations at its properties and client offices in key cities in the Visayas despite the devastation wrought by Supertyphoon “Yolanda” in parts of Leyte and Samar early November and the 7.2-magnitude earthquake in Bohol last month.


“We have reviewed and verified reports from all of our property and facilities management sites that our clients were fortunately largely unaffected by the typhoon, and it has not caused a related slowdown in office and BPO operations across the country,” CBRE Philippines chair and founder Rick Santos said in a statement.


CBRE Philippines manages a portfolio of BPO property and facilities management of around 83,700 square meters across Visayas—specifically in Cebu, Bacolod, Dumaguete and Iloilo.


Responsive and reliable back-up power generation and telecommunications resources of client companies ensured the continued operations in BPO offices.


CBRE Philippines also explained in its recent Cebu Marketview report that Metro Cebu remained an attractive office destination because of “cost-effective operational factors” such as office rental, and also the presence of untapped, high-quality workforce.


Property developers, the company added, were responding “enthusiastically” with continued offerings, confident in such sustained demand from BPOs. The residential market has responded with a more diversified pricing portfolio for its offerings.


“The growing BPO industry has also positively impacted the retail sector, with the improved purchasing power of locals. Increasing tourist arrivals have also stimulated retail growth, with the trend seen to be unabated as more retail spaces are set to be completed and offered by both national and regional developers,” CBRE explained.


It also pointed out that the manufacturing sector posted an impressive double-digit growth of 10.3 percent in the first half of 2013, dominated by light industries such as shipbuilding, IT and IT-related services; and exports in furniture, semiconductors, electrical and electronic equipment.



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Tags: Business , Business process outsourcing , call centers , economy , News , Yolanda



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Practical Applications of Candlestick Charts


This audio lecture along with the downloadable PDF workbook covers and discusses practical trading approaches, including stop placement and trailing levels, risk parameters, money management and the psychology of trading any market with Japanese Candlesticks. The information derived by using this approach can directly influence the day-to-day decision process, which can enhance your awareness of the markets. You will learn the basics of Japanese Candlestick charting, as well as how to combine them with Western technical tools such as trend lines, DeMark Sequential, moving averages, stochastics, and may other standard technical tools.


Developed over three hundred years ago, this method of technical analysis is still relevant and an exceptional addition to Western technical analysis. By combining both approaches to market forecasting, one is able to take the best from both schools. Gary Wagner believes that the outcome from this combination is capable of extending the benefits of any methodology.


LISTEN NOW: Practical Applications of Candlestick Charts


Best,

The INOTV Team



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Saturday, November 30, 2013

Advanced Trading Applications of Candlestick Charting


Candlesticks; used by many...truly understood by few. As a special treat to Trader's Blog readers, Gary Wagner is offering you an in-depth look into candlestick charting. Join co-founder of Wagner Financial Group. and acclaimed author as he walks you through set ups in ways you can take your candlestick charting to a new level.


In this video workshop you'll discover the crucial chart patterns that candlesticks reveal - how to interpret them and how to use them to pinpoint market turns. You'll also learn how to use candlesticks in combination with familiar technical indicators like Stochastics, %R, Relative Strength Index and Moving Averages to create a dynamic, synergistic and extremely successful trading system.


WATCH NOW: Advanced Trading Applications of Candlestick Charting


Best,

The INOTV Team



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