San Miguel Corporation’s unsolicited proposal to build an international airport in Bulacan was just approved by President Rodrigo Duterte. The airport project is just one of the almost one Trillion pesos worth of infrastructure projects approved by the President. The National Economic Development Authority Board which is chaired by President Rodrigo Duterte approved no less than twenty big-ticket infrastructure projects worth over P974.8 billion. The biggest among these approved infrastructure projects is the airport proposal of San Miguel Corporation. The proposed airport in Bulacan which covers 1.168 hectares is expected to decongest the Ninoy Aquino International Airport. The whole area which will house the airport is 2,500 hectares along Manila Bay in Bulacan, Bulacan. It will also house a city complex. This is a 50-year airport project where six parallel runways will be built. The initial capacity of this airport is 100 million passengers which is triple that of the NAIA. Although already approved by NEDA, the San Miguel proposal will be still be subject to a Swiss Challenge where other groups will be invited to make offers. Under the Swiss Challenge, the original bidder which is San Miguel Corporation has the right to match any better proposal. Meantime, other infrastructure projects approved by NEDA are the P50-billion Subic-Clark railway project, the Clark International Airport expansion project which costs P12.55 billion. Also included among the approved projects are the Ambal-Simuay river and Rio Grande de Mindanao river flood control projects that cost P39.22 billion, the Pasig-Marikina river and Manggahan floodway bridges costing P27.36 billion and lastly, the bridge construction acceleration project for socio-economic development costing P27.37 billion. The country’s integrated disaster risk reduction and climate change programs will also get added measures in low-lying areas of Pampanga bay as well as our rural agro-enterprise partnership. The Davao Food Complex project worth P1.02 billion and the restructuring of the Integrated Natural Resources and Environment Management Project worth P7.2 billion, the Integrated Marin Enterprise Monitoring System, and the New Centennial Water Source-Kaliwa Dam project worth P14.32 billion round up the approved infrastructure projects recently approved by the NEDA Board. There are 8 other projects confirmed by NEDA through ad referendum which are connected to the Official Development Assistance of the Arterial Bypass project, the Growth Corridors in the Mindanao road sector, the Chico River Pump Irrigation, the New Bohol Airport construction, and the Samar Pacific Coastal Road, and the Jalaur River Multipurpose project.
Views: 383076 Business and Leisure
It looks like our treasure trunk of wonderful discoveries, not just in terms of destinations but also in terms of personal encounters with successful Filipino entrepreneurs, is filling up really well. Our roving B&L crew found themselves in a bright and sunny farm in Bulacan to meet someone who is presently one of the best-known agricultural entrepreneurs in the province.It looks like our treasure trunk of wonderful discoveries, not just in terms of destinations but also in terms of personal encounters with successful Filipino entrepreneurs, is filling up really well. Our roving B&L crew found themselves in a bright and sunny farm in Bulacan to meet someone who is presently one of the best-known agricultural entrepreneurs in the province.
Views: 51926 Business and Leisure
This time on Sport Shoot, we’ll have once again the President and CEO of Armscor Global Defense, Martin Tuazon to present to all our sport shooting enthusiasts another remarkable firearm for you to get to know better and appreciate, the Baby Rock. It comes in Caliber .380 ACP. It is semi-automatic and recoil operated with a capacity of (7) rounds. Its barrel length is 3.78 inches with an overall pistol length of 6.61inches.
Views: 5478 Business and Leisure
SM Prime Holdings is marking its 10th year, and to mark this milestone, the company is redesigning and expanding its property, the Mall of Asia, by 250,000 square meters. With this expansion, the new total floorplate of the Mall of Asia will be 650,000 sq. meters, making it the largest in the world.
Views: 29547 Business and Leisure
The fast-growing conglomerate under Dennis A. Uy, that is the Udenna Group, is investing up to $5 billion within a span of ten years for the development of Clark Global City. The Clark Global City is envisioned to become the new central business district in Central Luzon. With this vision, Dennis Uy’s Udenna Group is investing up to $5 billion within 10 years for the development of the Clark Global City. The Udenna Group conglomerate has already completed the master plan of the 177-hectare prime property development that it has recently acquired within the Clark Freeport Zone in Mabalacat, Pampanga. The Clark Global City is expected to host top-notch office buildings, high-end retail outlets, and academic and sports centers among others. Clark Global City will have an iconic tower, a hotel and casino, an urban park and modern support services and amenities. According to Mr. Dennis Uy, CEO and Chairman of Udenna, “Clark Global City will offer a global business destination and spur economic transformation outside of Metro Manila, complementing the government’s efforts to spread growth across the country.” For now, 47 hectares of the 177-hectare development have been completed with world class horizontal infrastructure built to withstand 100-year storm evens. Included here is a 10-hectare entertainment complex, one hectare of which is for a casino that will be developed by Udenna. Managing Director for Clark Global City Wilfredo Placino said that the development cost will be funded by the sub-lease of lots at P99,000 per square meter that will be offered to local and foreign developers. The company expects to close the deal with local developers. They also plan to go on a road show in Hong Kong, Beijing and other parts of China as well as Tokyo, hoping to convince foreign developers to invest in the project. Clark Globa City has secured a 25-year extension in the lease agreement with the government on top of the original 50-year lease agreement. Eight years has already been used up by the previous owner. This means that locators and developers can still use their lots for 67 years.
Views: 9194 Business and Leisure
The Philippine government just signed for a US$100 million loan from a South Korean government fund. This loan is intended for the construction of the Panguil Bay Bridge in Northern Mindanao.
Views: 7700 Business and Leisure
There is a looming battle to build a much-needed new and better airport among the country’s top tycoons. We are talking about the San Miguel Corporation conglomerate and on the other side the venture between Belle Corporation of the Sy family and the Solar Group. There is no doubt that flight traffic has increased over the years, and it is expected to increase even more in the coming years. All Asia Resources & Reclamation Corporation, a joint venture of the Sy-owned Belle Corporation and the Solar Group of the Tieng family and the San Miguel Corporation conglomerate are now poised to bring their solution to this problem with their own proposals to the Philippine government. All-Asia Resources & Reclamation Corporation is proposing to spend $20 billion to build an airport and seaport near a naval and air base in Sangley Point which is South of Manila. On the other hand, the San Miguel group is proposing to build a new airport at a cost of P700 billion or US$14 billion in a 2,500 hectare property in Bulacan, which is North of Manila. At present, we are recording about 60 million air passengers passing through Manila, and our capacity is only at 31 million. The International Air Transport Association foresees that this figure could rise up to 140 million by 2035, so it is very clear that we need new airport facilities. In its proposal, San Miguel Corporation wants to build four runways with a length of 3.5 kilometers and a width of 600 meters. This facility could serve 100 million passengers a year. San Miguel proposes to increase this to six runways which can serve up to 150 million passengers. Their proposed airport will also link San Miguel’s elevated rail project and will complement the airport in the former Clark military airbase. This offer also does not carry any guarantee or subsidy from the government as San Miguel will undertake all the costs involved in building the new airport, according to Mr. Ramon Ang, president and CEO of San Miguel Corporation. The present airport has four terminals and currently serves about 40 million air travellers. The All-Asia Resources and Reclamation proposal, however, which is P6 billion higher than that of San Miguel, includes the development of a sea port in addition to a new international airport.
Views: 125913 Business and Leisure
This time on Sport Shoot, we’ll have once again the President and CEO of Armscor Global Defense, Martin Tuazon to present to all our sport shooting enthusiasts another remarkable firearm for you to get to know better and appreciate, the Medallion Competition A2-2 Tone. It comes in Caliber 45 ACP. It is semi-automatic and recoil operated with a capacity of (14) rounds. Its barrel length is 5 inches with an overall pistol length of 8.56 inches.
Views: 16147 Business and Leisure
The Philippine Economic Zone Authority or PEZA is one of the most dynamic, most efficient and most respected agencies in the country today. Very recently, there were reports that PEZA is running out of industrial space, just as more foreign investors are considering to be locators here. PEZA Director General Lilia de Lima has something to say about this.
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B&L motored all the way to Clark in Pampanga to talk with Mr. VivencioDizon, president and CEO of the Bases Conversion & Development Authority or the BCDA to see what’s with Clark these days. Mr. Vince Dizon is the president and Chief Executive Officer of the Bases Conversion Development Agency. BCDA is the government agency tasked to develop former military bases like Clark Air Base and other bases throughout Luzon. It was returned to the Philippines in 1991 by the United States after its lease ran out. The goal set by the BCDA is to develop Clark into a premier economic and growth center. According to Mr. Vince Dizon, CEO of BCDA, they are now developing not just Clark but the entire Luzon area in conjunction with the Build, Build, Build program. In less than two years, a new terminal will be up and operating here at Clark, according to the BCDA head. Another major development here is the New Clark City which is the most ambitious project not just of BCDA but of the present administration as well. In preparation for the Southeast Asian Games in December 2019, BCDA promises to build the best roads in the Philippines as they build the sporting facilities needed for the SEA Games. More than that, Clark will be home to many government offices in the near future. As infrastructure building here continues at a feverish pitch, exports have likewise soared, and more and more flights are coming from the Clark airport. Clark has been growing in leaps and bounds. More and more important events are being held here and it is fast becoming a favourite destination.
Views: 12779 Business and Leisure
It looks like the Philippines is now one of the stronger players in the Asian region in the animation industry. The Philippine animation industry announced recently that the country is now generating $153 million in revenues and now employs 11,000 full-time employees. The Philippines got into the world of animation only in the 1980’s, way behind many other nations. Now, we have more than 100 animation studios in the country, proof that this industry is gaining a foothold in the global demand, according to the Board of Investments. DTI Commercial AttacheFroilanPamintuan was quoted as saying that the “Philippines is actually seen as potential partner for growth by various companies from Japan, France, India and other key players in terms of training, development of content and other key areas.” At the Palais des Festival in Cannes, France, Philippine animation studios led by the Animation Council of the Philippines showcased the digital capabilities of the Philippines at the International Market of Communication Program. The Philippine Embassy in Paris, the DTI and the Dept. of Information and Communication were in full support to the Philippine contingent. Among the Philippine companies that participated at the French trade show were the ASI Animation Studios, Synergy 88, RenderBee, Toon City and Toon City Academy, TeamApp, Top Peg Animation Studios, and 88Storey Films. These Filipino companies showcased their exceptional capabilities in web and mobile games applications, visual technology, animation for film and the internet, as well as production of audio-visual presentations and commercials for television, film and the internet. There is a growing demand for content and creative services in Europe, and the Philippine companies that participated in the International Market of Communications Program in Cannes, France expect to generate new business engagements for the content industry in the Philippines. France has the largest animation industry in Europe. It is also the third largest in the world, so the Philippine Embassy in Paris sees a lot of opportunities opening for Filipino players in this industry.
Views: 2561 Business and Leisure
And now for our final business issue this week. What’s new at the New Clark City, formerly called the Clark Green City? Well, actual construction of this project has already started. The BCDA or Bases Conversion and Development Authority is now targeting to re-launch the metropolis project this October. With the re-launch of the New Clark City this October, BCDA president and CEO Vivencio Dizon is targeting the completion of the project by 2022. The cost of the total project could reach billions of US dollars, according to the BCDA president, but for now, the development cost alone which is the initial cost of the program will run to around P20 billion. Even with the mind-boggling costs involved in developing and completing the New Clark City, the government is bent on going ahead with it. The project is one of the long-term solutions of the Duterte Administration in decongesting Metro Manila. The 9,450 hectare New Clark City is located in Tarlac. With the initial development stage of the construction, roads will be developed as well as other infrastructure requirements and commercial spaces. There will be a national government center, a food processing terminal and an international food market. The metropolis project will also include a mixed income development housing. A big part of the vast area will be reserved as open spaces for agricultural and forest lands to go with the green city concept. In developing the new city, BCDA will be partnering with other governments like Japan and Singapore, considered some of the best developers in the region. It will be home to some 1.12 million people and 800,000 workers and is projected to contribute a gross output of P1.57 trillion per year to the Philippine economy.
Views: 19787 Business and Leisure
The Japan International Cooperation Agency or JICA is set to put together an urban infrastructure development plan and capacity-building project for Davao City. Mr. Ken Kumazawa, team leader for the project that will be undertaken by JICA announced this in a recent news conference. The JICA executive said that “this is a very unique approach that has not been implemented in other cities in the Philippines. Kumazawa met with the city government officials and officials of the National Economic and Development Authority or NEDA in the Davao region to discuss this latest project. The project will support the infrastructure development plan of both Davao city and NEDA. The goal is to improve Davao city’s competitiveness, safety from disasters and general urban conditions. The plan will also focus on land use, roads, urban transportation, water supply and solid waste management. The short term target is completion by 2022 while the long term target is 2045. In partnering with Davao City, JICA aims to make the Japanese City of Kitakyushu in the Fukuoka province as the model city. Both cities are similar in size. The long term plans of the project include the establishment of an environment-friendly Davao City. It was in November of 2016 that Davao formed an environmental partnership with Kitakyushu. This Japanese city suffered from serious industrial pollution problems in the 1960s. By 1980, the city was able to eliminate these pollution problems to become one of the most advance environmental cities in Asia. With this in mind, the Japanese government through JICA, hopes to establish the Kitakyushu model for other cities to emulate in their sustainable city development programs. Apart from waste management and water supply, the Kitakyushu model also addresses issues like energy management and environmental preservation. Mass transit and road network will likewise be studied so both parties can come up with systems that will work for Davao City.
Views: 9438 Business and Leisure
Opening of Ally’s All-day Breakfast restaurant in Holy Spirit Drive in The Rock Commonwealth, Quezon City.
Views: 54727 Business and Leisure
Australian telecoms giant Tesltra is investing US$1 billion in the Philippines.
Views: 1890 Business and Leisure
Organique California products are not new to the health buffs of Manila, but the new look is. Cathy Salimbangon, the official distributor of these products in the Philippines invited friends over to check out the new logo, the new look of their Organique products, the star of which is the acai berry from the rainforests of Brazil.
Views: 6181 Business and Leisure
The First Taiwan Aquaculture Trade Mission held recently in the Philippines was a big success. The leading aquaculture companies in Taiwan are going to invest in the Philippines to make the country a production hub for seafood exports to Taiwan and other ASEAN countries. Ten of the largest aquaculture companies in Taiwan participated in the first Taiwan Aquaculture Trade Mission to the Philippines held at the Manila Hotel. For our part, at least 70 Filipino aquaculture companies likewise attended the event, particularly the networking and business matching session of the trade mission. The Taiwanese delegates are looking at crab, shrimp and fish for the export market, and this is good news for our local aquaculture businessmen. Earlier this year, the Philippines and Taiwan signed a Memorandum of Understanding to cooperate in the promotion of aquaculture in the Philippines. Ours is largely an agricultural country while Taiwan has advanced technologies that can help the industry. Taiwan is known as the kingdom of grouper fish farmers. With its history of over 300 years in aquaculture, Taiwan has a global reputation for major advances in mass production and virus control. In 2016 alone, Taiwan exported some 700,000 metric tons of seafood such as grouper, tuna, bonito and squid. That is equivalent to US$1.6 billion and the biggest importing countries were the US, China and Thailand. But also in 2016, Taiwan imported 450,000 metric tons of $1.145 billion worth of shrimp, lobster and abalone mainly from Norway, Japan, China and Vietnam. The ASEAN integration is making possible a much bigger ASEAN market, and Taiwan is keen on tapping the Philippine market to be able to maximize its potentials. Bilateral trade between the Philippines and Taiwan in 2016 reached $11 billion, but the trade balance leans more favourably on Taiwan. Their exports to our country reached $8.6 billion while Philippine exports to Taiwan reached only $2.2 billion. Our biggest exports to Taiwan include generators, machineries and accessories and ICs. Taipei’s exports to Manila are fiber, iron and steel and auto parts.
Views: 8709 Business and Leisure
And now for the upcoming feature on Proud Pinoy, we give tribute to a Filipino family who continues to make the country proud worldwide. Their home – grown chocolate products proudly made in Davao have reaped international awards, making the Philippines proud.
Views: 8206 Business and Leisure
This is a new journey for BDO. With the wholly-owned BDO Life Assurance Company, BDO hopes to maximize its cross selling of products to its growing base of customers. On the other hand, the Generali Group will have full control of GeneraliPilipinas Insurance Company. This has been re-launched as Generali Life Assurance Philippines, also a life insurer.
Views: 15339 Business and Leisure
Ten Cents to Heaven. For so little, one can go up to heaven and enjoy the scenery, enjoy the cool winds of Tanay and commune with nature at its most peaceful and serene locale. Ten Cents to Heaven is the name of this resort/campsite, a 30-hectare mountain resort that is slowly being discovered by families and corporate clients who wish to have a fruitful team-building outing. Actually, this place was originally intended as a family vacation home. B&L talked with Andy Alvarez, the resort’s resident landscaper who knows the history of Ten Cents to Heaven The vast space, gentle slopes, the high altitude – all these make for a perfect weekend getaway for families, groups and corporate clients. There are comfortable rooms for families with basic necessities like hot and cold showers and private baths, adequate facilities and clean crisp linens. There is also a big house accommodation ideal for big groups with its own receiving area and a balcony and all the amenities for a comfortable stay. There are cabanas surrounding the pool area, small huts made of bamboo and wood where one can relax and have an afternoon nap with the cool mountain breeze lulling you to sleep. Or take to this fish spa and have another wonderful experience as the small fishes nibble at your feet oh so gently for only P200 for a thirty minute stay in the pond. All around, the lush greenery contributes to the cool and relaxing ambience. Even in summer when the heat is scorching in the metropolis, the shade offered by these trees and the cool air owing to the high altitude of Ten Cents are reasons enough to get away from the lowlands. The place is also ideal for camping trips, with comfortable colourful tents and cushions for guests who want to sleep out overnight in the great outdoors, with a great view of the Sierra Madre mountains.
Views: 3498 Business and Leisure
For Strictly Business this week, we have an entrepreneur whose business concept revolves around a really Filipino staple. This business can now be found all over the archipelago, and there are more stores coming. Meet Bienvenido M. Cruz Jr., or Benjo Cruz as many know him. Benjo finished two courses in college: B.S. Nursing in our Lady of Fatima and Banking and Finance at the University of the East. Having finished two full courses in college, one would imagine that Benjo would end up in the corporate world. However, he probably was born to be an entrepreneur because he went the working route but earned and saved enough as an OFW to go back home and see how he can be in business for himself. Lesson no. 1- know your market and study the needs and wants of that market. That is exactly what Benjo did. He did not plunge into the business just because he had some capital and there was a space waiting for him. His market was decidedly the masa market, those who want a hot filling meal that does not cost an arm and a leg. The casual employees, PUV drivers, students and those who want value for their money comprise a big sector of our economy, and Benjo knew that. He also knew that perception plays a big part as far as the consumers are concerned. There are quite a few ambulant vendors selling the lowly lugaw, but Benjo took his product several notches higher by first, bring his stores to the malls and second, showing them that having a satisfying, affordable meal can mean hygienic and healthy as well. How did he start? How much capital did he need? Benjo, the successful entrepreneur, is still single, and with no wife or children to support, his big family is what he has. Lugaw Republic, Benjo relates, did not become successful overnight. At first, business was slow but as time went by, those who tasted his lugaw kept coming back. By word of mouth, his customers increased steadily. His mantra for his lugawan is Masarap, Mura, Malinis. And of course there are still challenges that he meets even as his business has stabilized. And because he has not faltered or gone easy in the way he conducts his business, he makes sure that his loyal customers, those who form the core of his business, always keep coming back. Having started only in late 2005, Benjo has gone a long way for a franchisor. Benjo’s franchisees must be really contended with how Lugaw Republic is doing because he has several of them with multiple stores. One, Benjo says, has 15 franchise stores. Of the 200 Lugaw Republic stores across the country, 70% of them are franchises. Lugaw Republic offers the most basic: plain lugaw, goto, arros caldo, the street food known as kwek kwek, and tokwa’t baboy. For now, Benjo says, his goal is to make Lugaw Republic the most successful food cart business in the country, and he has this advice to many out there. If you are interested to be one of Benjo’s franchisees, he also has an advice. And for those of you who have not tried his product, heed Benjo’s personal invite. Everybody loves lugaw, so check out this week’s Strictly Business feature, Lugaw Republic.
Views: 7104 Business and Leisure
The Civil Aviation Authority of the Philippines recently granted a new certificate to the Cagayan North International Airport. The P1.67 billion airport will now be allowed to cater to larger commercial aircrafts.
Views: 6144 Business and Leisure
Meet Mr. Buddy Tan, owner and manager of Black Wing Shoes that are proudly Marikina made. Buddy graduated with a degree in Political Science and worked with several of our politicians as a freelance consultant on the grass root level, rubbing elbows with fisherfolks and farmers. Before that, he worked in a bank and in a few IT firms before he decided to join the family business. Buddy focused on the big shoe brands that were coming into the country and came up with styles and designs to rival these in terms of value and fashion. Actually, Buddy started out making leather sandals to compete in the luxury leather market, but these did not do well and he turned his attention to shoes. This was the time when everyone was into mass production of easy to produce styles. Buddy did not want to go into that direction, so he studied the European and American brands, watched the videos of their factory tours which included the process of luxury shoe making and decided he could incorporate these ideas into the local market. His workers eventually relented and followed his ways. The first pair they made was for his wedding, and he was surprised that he could wear the leather shoes the whole day without much discomfort. It is a fact that the average Filipino guy puts a whole lot of premium on comfort, so many are averse to wearing leather shoes on a regular basis. Buddy wanted to dispel this notion and set about to make leather shoes that are as comfortable as sandals.
Views: 4711 Business and Leisure
The outgoing Agriculture Secretary stressed the need for more government support to abaca farmers. He added that abaca production goes very well with coconut and fruit-bearing trees and this could provide secondary income to farmers. Secretary Alcala also urged the Philippine Fiber Industry Development Authority to utilize all available resources and technologies to maintain all existing abaca nurseries.
Views: 3051 Business and Leisure
We all agree that e-trikes are the next best thing that is going to happen to the streets of Metro Manila. And even for the provinces, for that matter. But according to the Dept. of Energy, the program that comes with these e-trikes from the ADB is not quite ideal. Energy Secretary Alfonso Cusi has this comment about the e-trikes program that will be rolled out by the Asian Development Bank. He said “the problem with the e-trikes, this program came way too expensive and the funding scheme of ADB has been questionable. But that’s already there, so we wrote ADB: how can we move forward?” In a letter to the Asian Development Bank, the Dept. of Energy asked for approval to lower the cost of electric tricycles that the bank is rolling out. There are already batches scheduled for delivery, and the DOE is asking for the roll back in prices for these scheduled deliveries. The DOE explained that these e-trikes need to be affordable to the operators, and it should prove to be a viable income proposition for drivers. The primary contention of the DOE is the affordability of the electric tricycles. If the e-trikes are not affordable, it would be unfair for the government to force the operators to convert to these electric vehicles. There are 3,000 pending e-trikes for delivery, and the contract to manufacture has already been awarded to a contractor. The Dept. of Energy is also looking at advancing the installation of charging stations all over the country. The lack of charging stations is one reason for the apprehension of many operators to buy these 2-vehicles. The City of Mandaluyong has successfully implemented their e-trikes program in the city, and the DOE is looking at Mandaluyong as its business model and proof-of-concept. This will be their basis for the commercial scale roll-out of electric vehicles in the country. Along with e-trikes, the DOE is also looking at the transport sector to help in reducing carbon emission in the country. There is currently an expansion in the car-buying segment, and the DOE is hoping that more people will opt to buy electric cars.
Views: 2620 Business and Leisure
During the recently concluded Routes Asia 2016, there was a fruitful discussion on the travel industry. Industry leaders pointed to the widening mismatch between airport infrastructure plans and the growing demand for low cost carriers. The Philippines figures heavily here. Here’s our BZWATCH correspondent Heidi Santos with the story.
Views: 23869 Business and Leisure
The National Economic Zone and Development Authority or NEDA wants to approve 18 more infrastructure projects in the second half of the year. The government is actually eyeing a total of 36 infrastructure projects by the end of 2017. Socioeconomic Planning Secretary Ernesto Pernia announced that out of the 75 flagship projects of the government, NEDA has actually approved 18 infrastructure projects and is set to approve another 18 projects before the year ends. Priority will be given to projects that have established their need and readiness, and the NEDA official said that there will be no biad towards a particular financing mode. Among The 18 NEDAapproved projects are the Bonifacio Global City to Ortigas Centre road link, the new terminal building of the Clark International Airport, The New Cebu International container port, MRT-LRT common station, the Iloilo, Bacolod, Davao, Laguindingan airports and New Bohol airports. Several port and rail projects are also included in these 18 NEDA-approved projects. The present administration wants to put the next six years as the showcase for its “build buildbuild agenda”. Working towards the implementation of its “Golden Age of Infrastructure” target, the government would need P8.44 trillion or US$168 billion over the next 6 years. This will necessitate an increase in public spending of 7.45 per cent increase over the present 5.32% of GDP by 2022.
Views: 3101 Business and Leisure
In just over a week, the country will see the total closure of Boracay Island. However, at this late stage, the national government has not formally adopted a masterplan that will facilitate the 6-month rehabilitation program for this top tourist destination. The local government of Malay has turned to urban planner Architect Felino Palafox to design a plan for the rehabilitation of Boracay. However, the total closure of the island is scheduled for April 26, and no plans have been formalized for the massive job of rehabilitation. The Palafox group is the only company that has been tapped by the local government of Malay to come up with a rehabilitation plan for Boracay. Architect Felino Palafox said that the national government has indeed asked his group to present their Boracay Integrated Tourism Plan but no time line has been mentioned. Their contract with the local government is until September, and the Palafox group has been requested to fast track the project. According to Palafox, the master plan will first deal with an open pit garbage dam, untreated sewer, overhead wires, and the sidewalks. The architect is also suggesting the installation of elevated boardwalks by the beach, the establishment of transit stations, fixing of road transport corridors, widening of walkways, provision of bike lanes, and the deployment of bus rapid transit. The architect said that the implementation of his master plan could cost the national government billions of pesos. The master plan has been divided into several phases, but the total rehabilitation of Boracay could take years. The 6-month rehabilitation will only cover corrective measures in fixing the problems of Boracay.
Views: 4954 Business and Leisure
We got the chance to sit down with the fashion designer behind a local clothing brand that promotes the culture and tradition of his very own hometown, Bulacan. Let’s hear it from him as he shares his entrepreneurship journey. Meet Mr. Marbin Garcia, a fashion designer as well as the owner of Marbin Garcia Clothing. Aside from managing the business and working as a makeup artist, this 31-year-old entrepreneur is also a Councilor in their barangay in Bulacan, where Marbin Garcia Clothing was born 15 years ago. According to Marbin, fashion has always been his thing since he was little. He recalled having a curious mind as a kid that would often lead to him creating things for fun. Soon, he worked for a dress shop for free due to his desire to learn the ins and outs. Little did he know that it will open many doors for his fashion career. Looking back, Marbin said that his family and friends served as an inspiration to him, as well as his own dream to create a name for himself in the fashion industry. Marbin said that he represents his own brand whenever he gets invited to international affairs. He also makes sure that his designs are unique and that they reflect the culture of Bulacan. For Marbin Garcia Clothing, Marbin shared that he gets materials from abroad and from the local shops in Divisoria. The price range depends on the design and the materials used for the clothes. Marbin is also proud that his clothes and designs get recognized through well-known personalities in show business who wear and support his brand. Marbin shared that it wasn’t easy starting out his own brand as there were a few challenges here and there. Smiling, the 31-year-old fashion designer said that the struggles he had contributed a lot to his success. The young fashion designer highlighted that staying in touch with what’s trendy while still remaining true to your branding is important to keep your business relevant considering that there are a lot of competitors in the fashion industry. He said that this is how he keeps up. Marbin also admitted that he gets inspiration in his icons’ works. Talking about his future plans for Marbin Garcia Clothing, Marbin shared that he is planning to create a line dedicated for little kids, ages 0-7 years old. Marbin shares his advice to inspiring designers who are planning to enter the fashion industry and start their own business. Marbin humbly invites all fashion lovers out there to check out and support Marbin Garcia Clothing.
Views: 751 Business and Leisure
As part of San Miguel Corporation’s diversification plans for the country, the conglomerate is now in talks with Australia’s biggest phone company, Telstra Corporation.
Views: 3653 Business and Leisure
Steve Benitez is an icon among Filipino entrepreneurs, he who has put the spotlight on Philippine coffee these past several years. He is known more widely as the father of Bo’s Coffee, a home-grown brew that is loved and patronized by the Filipino coffee community. Steve has always been an entrepreneur, having started other businesses before he started Bo’s Coffee in 1996. Steve now shares that before he started it, all the studies he made indicated that he shouldn’t even open the business because it didn’t look like a feasible one. Back in 1996, coffee was just given away after meals in a restaurant and more people were familiar with instant coffee. Steve’s concept was unheard of but the young entrepreneur went on with his concept anyway. In the first 3 months of operation, he had sales of P300 to less than a thousand a day which wasn’t even enough to cover his rent of P10,000 per month, but he plodded on. He dug his heels in and on the sixth month, there was a steady increase in sales. By the eighth month, he opened his second store, and the rest, as they say, is history. His concept involved elevating the coffee experience by introducing coffee that uses espresso as a base, definitely a first here. It was a purely coffee business with a very limited beverage and food line-up. People were intimidated by the special coffee choices and would not order the cappuccinos and lattes.
Views: 2164 Business and Leisure
We train our sights on the country’s biggest airport the Ninoy Aquino International Airport. It is no secret that our airport is among the worst in the world. Now, the developer of Mactan-Cebu Airport has a proposal to decongest and rehabilitate NAIA. The partners who developed Mactan-Cebu International Airport, Megawide Corporation and GMR, have submitted a proposal to rehabilitate and decongest NAIA. The proposal which would cost U$3 billion aims to accomplish this and sustain it for the next 18 years. It took no less than three years for the partnership to finalize this proposal. If accepted, GMR and Megawide Corporation seek to address the capacity problem of NAIA and maximize the congested airport’s airside and terminal capacities. Mr. Louie Ferrer, speaking for the consortium, revealed that their team has transformed Delhi INtrnational Airport, one of the worst airports before, into what it is now—one of th top five best airports in the world. Likewise, they have transformed Mactan-Cebu International Airport into the 2016 Best Regional Airport in Asia Pacific. For GMR-Megawide, the primary problem of NAIA is capacity. Because of our limited airfield capacity, our capability to accommodate more flights is severely affected according to Mr.Ferrer. Added to this is NAIA’s reduced ability to control delays related to aircraft movements which is turn worsens congestion in the airport. The proposal thus seeks to enhance the airport’s capacity and efficiency as well as reduce airside and landside congestion. The $3 billion proposal is divided into three phases. The first phase which will be carried out on the first and second year will focus on boosting NAIA’s airside capacity and implementing terminal improvements by building full-length parallel taxiways for both runways, additional Rapid-Exit Taxiways for the primary runway, and extend the secondary runway. ON year 3 and 4, phase 2 will commence with the introduction of key improvement measures that will elevate the airport to world-class efficiency standards. On the fifth and sixth year, the consortium will build future capacity for NAIA. GMR Megawide believes that with their proposed solutions, we can increase airfield capacity up to 1000aircraft movements a day. This is a 30 – 35% increase from the present 730 aircraft movements/day. For peak hours, aircraft handling capacity will be increased by 50%, from the current 40 to 60. GMR Megawide also promises that within 24 months of taking over operations, they will rehabilitate and expand the existing terminals to double the space and result in over 700,000 sq. meters of terminal area. When completed, the airside facilities and terminals shall be able to handle 72 million passengers.
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Everybody is familiar with Potato Corner, a brand that is truly Filipino but one that has successfully conquered other parts of the globe. We are a rice-eating people, and potatoes are not our staple. But then again, French fries have gone as main stream as one can get, and building on that, the group behind Potato Corner has built their very own empire. This is Joe Magsaysay, one of four partners who started it all. Joe is quite the story teller and he’s here to tell us how Potato Corner came about. At that time, Joe has been working with Wendy’s for about 9 years already, and he needed extra cash for a growing family. When the group asked him to join in before they opened their first outlet, he readily agreed, but stayed on his day job for the meantime. They opened their first outlet in July of 1992.
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MEANWHILE, THERE IS SOMETHING ELSE BREWING IN THE 3,000 HECTARE INDUSTRIAL ECONOMIC ZONE IN BATAAN. THE PHILIPPINE ECONOMIC ZONE AUTHORITY OR PEZA IS AIMING TO DEVELOP PART OF THIS ECOZONE INTO DEFENSE INDUSTRIAL ZONE. THE ECONOMIC ZONE IN HERMOSA, BATAAN HAS A READY DOMESTIC AND EXPORT MARKET. WITH THIS SCENARIO, PEZA DIRECTOR GENERAL CHARITO PLANAZ ANNOUNCED IN A PRESS CONFERENCE ANNOUNCED THE POSSIBILITY OF A DEFENSE INDUSTRIAL ECONOMIC ZONE IN HERMOSA. THIS PROPOSED DEFENSE INDUSTRIAL ECONOMIC ZONE IS JUST ONE OF THE VARIOUS TYPES OF ECO-ZONES THAT THE AGENCY WILL BE PROMOTING BOTH TO FOREIGN AND LOCAL INVESTORS. FOR THE PROPOSED HERMOSA DEFENSE INDUSTRIAL ZONE, THE PEZA DIRECTOR ALSO ANNOUNCED THAT THEY HAVE PREPARED A MEMORANDUM OF AGREEMENT WITH THE DEPT. OF DEFENSE WHICH HAVE JURISDICTION OVER DEFENSE AND SECURITY ISSUES IN THE COUNTRY. THE HERMOSA DEFENSE INDUSTRIAL ZONE WAS DONATED BY THE MERMOSA TOWN MAYOR FOR THE DEVELOPMENT OF THE DEFENSE ECO-ZONE. THE PROPOSED DEFENSE ECOZONE IS STRATEGICALLY LOCATED NEXT TO THE EXISTING 300-HECTARE ARSENAL OF CAMP HENERAL ANTONIO LUNA. PEZA IS NOW LOOKING FOR A PRIVATE DEVELOPER FOR THIS LARGE HERMOSA PROPERTY. THERE ARE OTHER AREAS IN THE COUNTRY WHICH PEZA IS EYEING AS POTENTIAL DEFENSE INDUSTRIAL ECONOMIC ZONES. THERE ARE AT LEAST 2 IN MINDANAO, A 1,500 HECTARE AREA IN PUERTO PRINCESA, ANOTHER ONE IN ZAMBALES, AND TWO OTHERS IN LUZON. THE HUGE POTENTIAL INVESTMENT POTENTIAL IN THESE DEFENSE ZONES WILL CLEARLY BENEFIT MANUFACTURERS OF MILITARY EQUIPMENT, AIRSHIPS, DRONES AND COMBAT CLOTHING, AMONG OTHERS. IN ADDITION, INVESTORS MAY BE ALLOWED TO PAY RENTS OF THE FACILITY WITH THEIR MATERIALS AND PRODUCTS LIKE MILITARY EQUIPMENT AND TANKS. DIRECTOR GENERAL PLAZA CITED THE BENEFITS THE COUNTRY WILL REAP IN ITS CURRENT PROGRAM OF MODERNIZING OUR MILITARY AND POLICE, PARTICULARLY THE TRANSFER OF TECHNOLOGY. AT PRESENT, ARMSCOR IS THE ONLY LOCAL MANUFACTURER EXPORTING DEFENSE SUPPLIES. PLAZA ALSO RELATED THAT WHEN SHE PRESENTED THE POSSIBILITY OF THIS PLANNED ECOZONE, SHE RECEIVED A POSITIVE RESPONSE. IT LOOKS LIKE THE NEW PEZA DIRECTOR GENERAL HAS GOTTEN BUSY IMMEDIATELY. WITH THE RECENT VISIT OF JAPANESE PRIME MINISTER SHINZO ABE, SHE HAS PROMOTED THE PHILIPPINES AS A LOCATION FOR JAPANESE MANUFACTURERS, ESPECIALLY FOR AUTOMOTIVE PARTS.
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Vital support and aid continue to pour into Marawi for its rehabilitation. The latest to come to fore to rebuild Marawi City is the country’s biggest hybrid rice seeds producer, SL Agritech Corporation. SL Agritech Corporation has just partnered with ARMM or the Autonomous Region in Muslim Mindanao. The biggest hybrid rice seeds producer in the Philippines will set up a 50-hectare hybrid rice model farm in Marawi. The only problem now is to locate a suitable site that is big enough for the model farm to be set up. In a message to the Marawi people, SL Agritech Chairman Henry Lim Bon Liong said that his company SL Agritech will put up the money for this techno-demo model farm to inspire hope among the residents of the city. The production cost of the model farm, by SL Agritech estimate, will be P30,000 per hectare. The company will undertake the project together with Go Negosyo, the LGU and the Dept. of Agriculture. A model farm is nothing new in the country. However, model farms traditionally cover only one to two hectares of land. In the case of Marawi which was totally destroyed in the aftermath of the 5-month war, this is not applicable. Marawi City clearly needs a much bigger land area. In this case, SL Agritech is ready to set up a 50-hectare hybrid rice model farm in the city which is also known as the summer capital of the South because of its cool weather and higher elevation. However, even as some rice farmers grow traditional rice varieties in Marawi, SL Agritech says Marawi is not much of a rice farming location and farmers need to be educated on proper farm management. Some of the rice fields are plagued by disease and weeds so the company will be sending technical experts to help the rice farmers.
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because of the growing economy here. One of these is Germany, according to the German-Philippine Chamber of Commerce & Industry. Dr. Bodo Goerlich, president of the German-Philippine Chamber of Commerce and Industry announced that Germany is seriously looking at investing in the Philippines. IN a recent interview with the German executive, Dr.Goerlich said that his country is particularly interested in Philippine electronics and car parts manufacturing. Even as the major powers are now focusing their sights on Asia, our proficiency in te English language is once again proving to be our biggest advantage over our neighbours. According to Dr. Goerlich, the Philippines has a competitive advantage over other Asian countries because of its young and educated English-speaking work force, among others. Apparently, our lower production and labor costs are also advantages working in our favour. To quote Dr. Goerlich, “These are very competitive, that’s why a lot of companies who have to build car parts and need very high safety and quality levels, they are producing here in the Philippines. The Philippines is very competitive at the moment, it is growing at the moment.” As he made this pronouncement, he also urged the Philippine government to allow for more competitive markets and create an environment conducive to foreign investments. He also urged our government to focus on infrastructure developments. The German-Philippine Chamber of Commerce & Industry is now promoting its biggest trademark event called Mabuhay Germany that will take place at the Global City on Feb. 18 and 19 at the Bonifacio High Street Central. A wide range of German businesses and organizations will participate in this fair. The public can expect to see, among others, a car show, a trade exhibit and a job fair. The latest models of top German car manufacturers BMW, Volkswagen and Mercedes Benz will be showcased at the event. Companies engaged in consumer goods and automotive supplies electronics will also be taking this opportunity to showcase their latest products. In the job fair, German companies are expected to hire on-the-spot from the Filipino talent pool. German companies like Bayer, Lufthansa, and Allianz-PNB among others will conduct a job-matching online platform for Filipino job-seekers and companies.
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This week, we bring you Corporate Profiles where you get to meet one of the more outstanding corporate entities in the country. What we have for you now is a company close to the heart of millions of Pinoys for the sheer joy that their iconic products bring. Sit back and relax, and get to know more about Bounty Agro Ventures Inc., the company behind Chooks To go and other delicious and affordable meals.
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The Philippine government has awarded 10 Public – Private Partnership projects worth P4.2 billion and this includes the Mactan Cebu International Airport.
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Environment Secretary Roy Cimatu is keen on exploring the minerals within the Philippine Rise. He has instructed the Mines and Geological Bureau to fast track this exploration. The Philippine Rise is a 25 million shallow continental shelf east of the main island of Luzon. The Dept. of Environment under Secretary Cimatu is keen on knowing what minerals and rocks can be found in the Philippine Rise formerly known as Benham Rise. Of particular interst to DENR is the exploration of polymetallic sulphide. (The Mines and Geosciences Bureau is now getting ready to conduct further exploration and surveys at the Philippine Rise, this time to look for manganese nodules and sulphides like gold and copper. The Bureau is also looking for possible rare earths and methane ice at the Rise. A long-term survey program is now in the works using the Bureau’s research vessel, the RPS Explorer. The new Mines and Geological Bureau Survey Division OIC Chief is Dr. Yolanda Aguilar. The DENR has requested Dr. Aguilar to prepare a program proposal to find out if the RPS Explorer is fit to conduct the necessary explorations which could cover 150-250 nautical miles. There is also the question of funding for these explorations which the Mines Bureau must now face. The MGB has proposed to the Dept. of Budget and Management to conduct offshore mineral exploration work, sedimentation and fossil studies in the area by April 2018.
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Mariae (MA-RI-YEY) Habijan (HA-BI-HAN) owns this new restaurant in Marikina City, one of the many restaurants lining the new food street in this city. She is quite a story teller. Mariae loves to travel but realized soon enough that her dream of becoming a flight attendant wasn’t the right calling for her. As fate would have it, she read in a magazine one day about an airplane-themed restaurant in Taiwan, and that lit a light bulb in her wandering mind. Mariae’s mom is a businesswoman. The family owns a small school in Marikina as well as a bus company and a printing business. The mother eventually came to her daughter’s assistance and helped her put up this restaurant they call Passenger Seat. The interiors of the restaurant easily calls to mind images of an airport and the interiors of an airplane. Mariae had no background in the culinary arts, so she took out to have a culinary degree before she opened her own restaurant, a simple one that caters not to the elite. The restaurant was a novelty in this area where there are more bars than restaurants, and the interiors certainly worked well for the residents of Marikina. Without any background in managing a restaurant or any business for that matter, Mariae found that the challenges of owning and running something like this was full of challenges that she herself had to surmount.
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