The appeal of family brands

“THE family company is an inheritance to be protected and handed in the outcome of the last generation and each generation’s commitment to the next.” Gianni Agnelli, late President of Fiat (founded 1899) Can family business brands survive? Yes, but their founders cannot! Customers frequently perceive family-owned brands as emblems of success and prestige, but this is also because these brands lend themselves to trust. The family name, when used as a brand, serves to reassure the customer. Toyota and Peugeot, for example, have strong brand identities that consumers believe in.

Regional bamboo industry group organized

OROQUIETA CITY, Misamis Occidental — The Regional Bamboo Industry Development Council in Northern Mindanao (RBIDC-X) has been organized in Northern Mindanao region.

The group was organized in connection to the Memorandum Circular issued by the government directing full implementation of the Philippine Bamboo Industry Development (PBID) program to boost production of bamboo-based products.

Misamis Oriental tops investment record

THE province of Misamis Oriental got the highest growth rate in terms of investments among five provinces in Northern Mindanao region—Camiguin, Misamis Occidental, Bukidnon and Lanao del Norte—during the second quarter this year.

Cagayan de Oro terminal earns P358,000

EAST and Westbound Terminal and Public Market (EWBTPM) earned a total of P358,030.63 for the period August 27 to September 2, 2012, record from the public terminal administrator furnished to the City Council’s committee on economic enterprise revealed.

Record indicated that the bulk of collection came from terminal operations amounting P128,851.

Visit Applewerkz, the home of SGP in Oro

IPHONE aficionados will surely enjoy this new installment in the business quarter of Cagayan de Oro when they visit Applewerkz, the exclusive distributor of stylish people’s good partner (SGP) products in the Philippines.

Oil review committee shocks transport group

THE local National Confederation of Transport Union (NCTU) in Northern Mindanao region was shocked of the recent decision of the Independent Oil Price Review Committee (IOPRC) absolving oil companies from overpricing accusations.

Joel Gabatan, NCTU’s regional coordinator, said the transport sector leaders are threatening another large street demonstration nationwide to express dismay over the “questionable decision of the review committee” and to pressure the independent body to do another investigation.

Sprint Multisport shop opens in Oro

KAGAY-ANON sports enthusiasts now have a new place to lounge to refurbish their sports gears as a specialty store for triathletes opened in Cagayan de Oro Saturday, September 1.

Sprint Multisport shop, located along Corrales Avenue, this city, sells sporting goods and accessories for running, biking and swimming enthusiasts.

Chamber: Achieving inclusive growth demands productivity

THE Cagayan de Oro Chamber of Commerce and Industry Foundation Inc. (OroChamber) said productivity is the key to achieve inclusive growth in every locality.

Ma. Teresa Alegrio, OroChamber president, said individual businesses in Cagayan de Oro must look at how to improve their productivity as economic growth depends on how fast the labor force can produce certain products.

Lower VAT, subsidies for LPG, diesel urged

WITH oil companies again hiking liquefied petroleum gas (LPG) prices big time, Bayan Muna party-list Representative Teddy Casiño once again called on the government to mitigate the price shock by reducing the value added tax (VAT) on oil from 12 percent to six percent, or use the Malamapaya funds to subsidize LPG and diesel.

Oil companies Petron and Total imposed a P6 per kilogram (VAT exclusive) increase in LPG prices on Saturday. Other oil companies are scheduled to hike their prices Sunday.

BSP launches EFLC in Oro, Misamis Oriental

THE economic and financial learning center (EFLC) of the Bangko Sentral ng Pilipinas (BSP) in its Cagayan de Oro branch office will be launched on Tuesday, September 4.

The program will include the unveiling of the EFLC-Cagayan de Oro signage, followed by the blessing of the EFLC premises.

Farmers lose source of living to capitalists

FARMERS in Barangays Butong, Merangiran, San Jose, Salawagan, Mibantang, Sta. Cruz, Kiburiao and Puntian all of Quezon town in Bukidnon risk losing their farms - their only source of living – to pineapple plantations operated by Del Monte Phils and Davao Ventures Inc.

"(Around) 44,000 hectares of Bukidnon's agricultural land have been offered to pineapple plantations, yet it is not enough to satisfy the greed of agribusiness corporations!" said Danilo Menente, chairperson of Kahugpungan sa mga Mag-uuma sa Bukidnon (Kasama-Bukidnon).

Chamber position on airport terminal fee hike endorsed

THE Cagayan de Oro Chamber of Commerce and Industry Foundation’s (OroChamber) position opposing the proposed increase of terminal fees in Northern Mindanao airports is now at the office of the Civil Aviation Authority of the Philippines (CAAP) after it was being endorsed by the Department of Transportation and Communication (DOTC) for appropriate reply by the Aviation department.

Sun, Meralco partner on line application

IN LINE with its ongoing efforts to make its services even more accessible to value-seeking Filipinos, leading mobile carrier Sun Cellular partners with electric power giant Meralco to facilitate easy Sun Postpaid line application for Meralco customers.

Coined as the “Move with Sun” partnership, this program prequalifies a select segment of Meralco customers to a Sun Postpaid Plan 350 line and offers them a special partnership-exclusive plan package.

Globe 1H CAPEX reaches P11.7B

CAPITAL expenditure of leading telecommunications company Globe Telecom for the first half of the year reached P11.7 billion or about US$273 million as its network modernization and IT transformation programs go into full swing.

SMEs to hit high sales at Oro SM trade fair

A SEVEN-DAY trade fair at the Entrance 3 of SM City Cagayan de Oro is expected to hit high sales for small and medium enterprises (SMEs) in Northern Mindanao region, the Department of Trade and Industry (DTI) said over the weekend.

DTI trade fair slated August 25

THE Department of Trade and Industry (DTI) in Northern Mindanao region scheduled this year’s regional trade fair on August 25 to 31, 2012, at the Entrance 3 of SM City Cagayan de Oro.

In a statement, DTI-X Regional Director Linda O. Boniao said the trade exposition dubbed “Kahimunan Regional Trade Fair 2012”, is a component activity of this year’s Kagay-an Festival on August 27 and 28.

Sun leads industry growth at 17%

MOBILE phone operator Sun Cellular raised its net service revenues by a robust 17 percent during the first half of 2012, earning P10.2 billion versus P8.7 billion for the same period last year, the highest growth rate for any local telephone companies this year.

Airline opens up 200 jobs

THE Philippines’ largest national flag carrier, Cebu Pacific expands its workforce with 200 more positions available for pilots, cabin crew, and technical and non-technical support crew. This is timely for two brand-new Airbus A320 aircraft deliveries later this year and seven more aircraft in 2013.

CEB will hold recruitment fair from August 30 to 31, 2012 from 9am to 3pm at the Grand Ballroom of the Dusit Thani Manila in Makati City.

One-stop-shop firm opens in Oro

ORO High Q Packaging Corp., a privately-owned family business engaged in manufacturing and distribution of packaging supplies, opened its second branch along Gaabucayan-Corrales Sts. in Cagayan de Oro over the weekend.

Formerly known as Oro High Q Trading located along Osmeña Extension, Oro High Q Packaging Corp. started its humble operation on June 3, 2003 with a clear vision of becoming the leading packaging supplier.

Male or female head: Does it really matter in family business?

FOR many, perhaps most families operating a household business, gender issues are hardly discussed or even noticed at all. Admittedly, such a claim is awkward, but it points to the reality of how family business owners, couples in particular, tend to accommodate equilibrium maintenance attempts between family business operations and their family life.

Family business owners may have considerable monetary advantage than families in which only the husband or wife has a job. Ideally, a family business can mean two or more multiple earners. The difference between these two families could mean being able or unable to send children to school, own or rent a house, pay grocery and utility bills, provide adequate health care and realize dreams of more material comfort. But the issue of who does what at home in terms of household chores and business jobs in a family business oriented household has to be raised.

SM GenSan’s interactive fountain draws crowds

SHOPPERS at the newly opened SM City General Santos at the corner of Santiago Boulevard and San Miguel Avenue can't help but notice the interactive fountain located in the Al Fresco strip at the mall’s first level.

The first of its kind in the city, the fountain is a wonderful interplay of lights and water.

Cell, iPad accessory shop opens in Oro

MODIFY and customize your gadgets with Applewerkz that has just opened business Saturday along San Agustin corner Velez Streets, Cagayan de Oro.

Gadget accessory aficionados may find high-end high-quality accessories at Applewerkz as it has a concept that pioneered the revolutionary approach for dedicated third party accessories shop for Apple brand and other premium gadgets in the Philippine market.

Avida Land invades Davao

AVIDA Land is now in Davao City to develop Avida Towers Davao.

Strategically located along C.M. Recto Street, this development redefines life by being conveniently located within the heart of the city and is accessible to malls and hotels.

Korean restaurant opens in Oro

LOOKING for “Seoul” food? Just stay put because a foreign menu item will give your palate a taste that brings you to Korea.

Kogi Bulgogi, a versatile Korean restaurant, will open in Cagayan de Oro on Sunday, August 12, 2012, at the LimKetKai Center, where customers may request dishes adjusted to their preferred spice level.

Globe Telecom announces interruptions

GLOBE Telecom advises all Globe and TM subscribers that they may encounter some difficulty making and receiving voice calls as well as sending and receiving text messages from subscribers of Sun Cellular.

Initial investigation shows a glitch in the interconnection facility of the Cellular Mobile Telephone System (CMTS) of Digitel Mobile Philippines (Sun Cellular). Network engineers from both Globe and Sun are working to restore the Sun-Globe interconnection to its normal level.

Send bulk text messages in a flash with Sun Business

WITH all the technology available today, budding entrepreneurs tend to forget the power of text messaging as a means of communication with their clients.

What business owners do not realize is that direct communication still has a very profound effect on their customers, and text messaging is as direct as you can get. Imagine if you can combine the flexibility and convenience of social networking sites, and the intimate, powerful effect of a text message.

MinDA pushes for devt of coco coir industry

Davao City -- Mindanao’s coconut industry will soon get a big boost as Mindanao Development Authority (MinDA) forms an inter-agency group that will ensure the growth of the island's coco coir industry.

“No less than our President encouraged us to look into further developing this industry, as he recognizes the significant contributions of the coconut industry to our economy,” said MinDA Chairperson Luwalhati Antonino during the inter-agency meeting held here recently.

Energy department open to biz group’s call

THE Department of Energy (DOE) said it is open to calls to review some of the provisions of Republic Act 8479, otherwise known as An Act Deregulating the Downstream Oil Industry or more popularly known as Oil Deregulation Law, to pave way for the business sector’s effort to detour favorable response to the demand of increasing the wages of workers in Northern Mindanao.

Be fit at newly opened gym

DISCOVER how Alma M. Buenaagua maintains her teenage-looking stance in her 40s. Somebody would say she’s just lucky to have a fit and appropriate good-looking body in her age. But her healthy lifestyle and regular fitness gym visitation make her the way how she is today.

Chamber opposes P80 wage hike for NorMin

THE Cagayan de Oro Chamber of Commerce and Industry Foundation (OroChamber) Inc. expressed opposition to the P80 daily wage increase petition for workers in Northern Mindanao filed by the Trade Union Congress of the Philippines (TUCP).

The petition, accordingly, due to series of increases in the prices of fuel and basic commodities that affects the purchasing power of daily wage earners.