TAGBILARAN City-Aside from its flourishing tourism industry, Bohol's economy is expected to benefit from an emerging business process management sector after Tagbilaran City was identified as a next wave city in 2012. Aiding in that cause is the launch of a P700 million fiber optic network that connects the province to main links in Cebu and Cagayan de Oro.
ALTHOUGH franchising has paved the way for the growth of many businesses, a local entrepreneur has chosen to expand his food business to 1,000 stores under a 10-year period through a different expansion approach.
Homegrown brand Balamban Liempo, through its chief executive officer and founder Jojo Vergara, announced it will enter into more joint ventures as it seeks to grow the business year by year.
PILIPINAS Shell Petroleum Corp. (Pilipinas Shell) announced over the weekend its partnership with Television Culture Shock Productions to produce the second season of TEN, a travel program that features "breathtaking sights and thrilling activities" that are yet to be discovered by many Filipinos.
Stephanie Cua, marketing manager for Retail at Pilipinas Shell, told reporters TEN plans to air 10 exciting feature drives across the country to give viewers a look at how vehicle performance is enhanced when fueled by the Shell V-Power Nitro+ fuels.
THE Bureau of Customs (BOC) denied reports that the salaries of all the new collectors and officials hired under the Office of the Revenue Agency Modernization (Oram) were cut off after the Supreme Court declared parts of the Disbursement Acceleration Program (DAP) as unconstitutional.
Charo Logarta Lagamon, chief of the BOC's Public Information and Assistance Division, said they are regularly receiving their salaries.
THE Department of Trade and Industry (DTI) 7 said it is intensifying the Small and Medium Enterprises (SME) Roving Academy to help the sector prepare for next year’s Association of Southeast Asian Nations (Asean) integration.
ANOTHER 1,316 condominium units will be added to Cebu’s portfolio of residential properties by homegrown developer AppleOne Properties, Inc.
Yvet V. Andalis, the company’s executive vice president, said 75 percent of the units in AppleOne Banawa Heights have already been sold.
THE Court of Tax Appeals (CTA) ruled in East Asia Utilities v. Commissioner of Internal Revenue, CTA Case No. 8179, dated May 14, 2014, that the enumerated list of direct costs under Revenue Regulations (RR) No. 11-2005 is not an exclusive or closed list of expenses that may be deducted by Peza-registered companies for the purpose of computing the five percent gross income tax (GIT). The list merely enumerates the nature of expenses that can be considered as direct cost.
Enrique Soriano Inside family business
“In peace prepare for war, in war prepare for peace. The Art of War is of Vital Importance to the State (512 BC)”
THE Ayala Group of Companies was recently commended for being an economic driver to Cebu’s growth and development with the “Tribute of Highest Distinction” award given during the Tourism and Investors Night of the Cebu Business Month last June 20.
SUN.STAR Cebu showcased last Friday the winners of its Best of Cebu 2013 search.
The event was held at the Oakridge Pavilion on A.S Fortuna St., Mandaue City and was described by guests as one of the “best” nights in Cebu as it put together the best in the city.
THE scene was one of almost total devastation.
The morning after it happened, I walked around the area to survey the damage that had been done. On the main thoroughfare, trees lay on their side, as if passed through by a giant lawn mower. Large, majestic hardwood trees that had withstood the test of time had now finally met their match, as they lay there dying, motionless in defeat. This was a scene like no other I had witnessed before.
WITH consumer welfare being among the things they are responsible for, Department of Trade and Industry (DTI)-Cebu Director Nelia Navarro felt that the comfort of clients transacting at her office should also be a priority.
For several years, their clients had to climb the stairs to reach the third floor of their office to go to some divisions and return to the first floor if they needed to complete other transactions with other divisions.
JAPANESE vehicle manufacturer Suzuki Philippines Inc. said it is looking to sell 6,000 vehicles this year, with Cebu accounting for a significant share of the target.
This is according to Auto Centrale Group president Brian L. Chua during the opening of the 2,000-square meter Suzuki Auto North Cebu on A.S. Fortuna St. in Mandaue City on Friday.
DESPITE Cebu’s economy being the second most developed in the country, majority of its population are still not using even 3G in mobile communications.
Officials of Globe Telecom said 95 percent of Cebu’s population still use the 2G network, mostly because smartphones and its services are still considered expensive.
IN ANTICIPATION of the influx of Russian tourists to the Philippines, Russian Federation Honorary Consul Armi Garcia is planning to tap schools and universities here to offer Russian language as an elective course, especially for tourism-related and nursing courses.
A GREEN architecture advocate believes the green rating systems available in the country today will not solve the problem on unsustainable construction.
FROM the decision of the National Labor Relations Commission (NLRC), the respondents numbering 23 filed a petition for certiorari with the Court of Appeals (CA). Only 9 of them signed the verification and certification against forum shopping. Respondent Patricio Olmilla and the rest failed to sign it.
THE first quarter may have turned up less than stellar growth rates, but an investments officer of an asset management company foresees a better performance for the coming year.
EIGHTY exhibitors from Central Visayas and Mindanao are expected to participate in this year’s Sandugo Trade Expo in Bohol.
clint Fabiosa & Ana Liza Villamor
CREATING a call center company in just two to three hours might seem impossible but a Cebuano startup is making that possible.
Mark Anthony Lapuz and Vince Loremia, who have had years of experience in the business process outsourcing industry in Cebu, opened their own startup KallFly, an “on-demand contact center market place. “
AFTER a successful nine-day business trip to Russia, the Philippine delegation reported Russian businesses are showing interest in investing in the Philippines.
Geronimo Sta. Ana, Philippine-Russia Business Assembly (PRBA) treasurer, said Russians have shown interests in waste-to-energy projects, banks via conduits, infrastructure, medical software technology, tourism and private-public partnerships (PPP).
HUGO Barra, Xiaomi Global vice president and formerly Google VP for Android product management, stirred excitement in the local tech startup community during his visit in Manila as he shared tips on how new companies can grow their business in the digital space.
WITH a big population of maritime graduates in Cebu, a manning agency based in Metro Manila opened an office in Cebu to bring more job opportunities closer to graduates and jobseekers.
PROPERTY developer Cebu Holdings, Inc. (CHI) was given a special recognition during the Sustainable Business Awards (SBA) Philippines 2014 held last July 14 at the Dusit Thani, Manila.
CHI is the only Cebu-based company commended by the SBA for the company’s best practices in the Workforce Category.
RATHER than damage each other’s business in a price war, a top official of the Hotel Resort and Restaurant Association of Cebu (HRRAC) is urging hotel players to be united in selling Cebu as a destination to continue attracting tourists.
ALONGSIDE the rapid economic growth in Central Visayas will be an increased demand for power, said Department of Energy Visayas Director Antonio Labios.
IN 2013, the Philippines was hit by 11 destructive typhoons with a total casualty count of 36,262 dead, injured or missing. Economic damage was projected to hit P99.9 billion.
This I learned last Monday at the Department of the Interior and Local Government (DILG) Disaster Preparedness Forum with the youth as its primary audience. Interior Secretary Mar Roxas led the affair.
GRUPO Emperador Spain S.A., a wholly owned subsidiary of Emperador, Inc., has signed an agreement to buy 230 hectares of vineyard land in Toledo.
The land is adjacent to the Vinedos del Rio Tajo operated by Bodegas Las Copas, a 50 percent joint venture company between Emperador and González Byass. The company intends to expand Vinedos del Rio Tajo, a vineyard beside River Tajo, the longest river in Iberian Peninsula.
CEBU IT Park, the flagship project of Ayala-led Cebu Property Ventures and Development Corp. (CPVDC), was conferred a special citation by the Cebu Chamber of Commerce and Industry during the recent 2014 Grand Chamber Awards.