Just-in-time won’t do: Aquino

Friday, October 24, 2014 - 11:58 p.m.

PRESIDENT Benigno Aquino III urged business owners yesterday to support the government’s efforts to further reform the power sector, amid projections of a power shortage next year.

AXA opens 2 more branches in Cebu, says calamities ‘served as eye-openers’

Friday, October 24, 2014 - 11:57 p.m.

INSURANCE provider AXA Philippines is expanding its operations in the Visayas by opening two new branch offices in Cebu.

The firm unveiled yesterday its two additional branches located in the Cebu Business Park and Crown Regency Tower 3. With this addition, the firm now has three offices, including its regional office along Escario St. in Cebu City.

UK issues 27% more visas in PH, plans to bring ‘Great’ to Cebu

Friday, October 24, 2014 - 11:56 p.m.

OVER 49,000 United Kingdom visas were issued to Filipinos from March 2013 to March 2014, reflecting a 27 percent growth in Filipino tourists and business visitors in the UK, reported the British Embassy in Manila.

Almirante: Seafarer's contract

Friday, October 24, 2014 - 11:55 p.m.

RESPONDENT Anscor Swire Ship Management Corp. is a manning agency. Since the late 1980s, petitioner Antonio E. Unica was employed by it under various contracts. In his last contract, the petitioner was deployed for nine months from Jan. 29, 2000 to Oct. 25, 2000. However, since the vessel was still at sea, petitioner was only repatriated on Nov. 14, 2000 or 20 days after the expiration of his contract of employment.

Batuhan: The last samurai

Friday, October 24, 2014 - 11:54 p.m.

WE ALL know the story, or at least the fiction.

American military officer Nathan Algren goes to Japan to fight the “barbaric” samurai. Initially, his mission is to help the supposedly modernizing Japanese government to suppress the rebel warriors, in order to move Japan forward to the new age of civilized society. However, as he later finds out, it is the government who are the villains, and the samurai who are fighting a just cause, to preserve their legacy and their honor. So what happens, in typically Hollywood fashion, is he turns coat and decides to fight for the “enemy” instead.

Exporters urged to take advantage of Asean FTAs

Friday, October 24, 2014 - 10:52 p.m.

EXPORTERS in the Brunei Darussalam, Indonesia, Malaysia, Philippines-East Asean Growth Area (BIMP-Eaga) and Indonesia, Malaysia, Thailand-Growth Triangle (IMT-GT) are encouraged to take advantage of the free trade agreements (FTAs) between the Asean and other nations.

At present, Asean is a signatory of the following FTAs (Asean-Australia New Zealand Free Trade Area (AANZFTA), Asean-China Free Trade Area (ACFTA), Asean-India Free Trade Area (AIFTA), Asean-Japan Free Trade Area (AJFTA), and the Asean-Republic of Korea Free Trade Area (AKFTA).

AirAsia to make Cebu major hub

Thursday, October 23, 2014 - 11:20 p.m.

BUDGET carrier AirAsia Zest (AirAsia) said it will make Cebu one of its biggest hubs in the country by mounting more routes.

Yesterday, the carrier launched its newest routes from Cebu to Davao and Cagayan de Oro City to boost traffic in Mindanao’s top tourism cities.

AboitizLand unveils new phase of residential project

Thursday, October 23, 2014 - 11:19 p.m.

EVEN of AboitizLand is expanding in Mega Manila, the homegrown developer assured Cebuanos it will continue to pour in projects for Cebu in the coming years. An official said a residential project, one of the developer’s biggest, will be launched in Cebu next year.

“In the next five to ten years, AboitizLand will become a significant player (in the national league)…but there will still be enough projects for Cebu,” said AboitizLand vice president for marketing Charity Joyce Marohombsar.

Cebuana pioneers 7-Eleven franchise success in the Visayas

Thursday, October 23, 2014 - 11:18 p.m.

FOR global convenience store chain 7-Eleven, a significant foundation in growing the franchise business system -- from tapping to continuously expanding in new markets -- is making solid alliances with mutually-passionate partners.

Ng: Tech facts

Thursday, October 23, 2014 - 11:14 p.m.

I’VE attended at least three tech events this week and I would like to share some statistics of usage. According to Nielsen, who presented during the Microsoft CIO Summit, 76 percent of Filipinos in 2013 own mobile phones, 15 percent of which are smartphones. In 2014, it is estimated that 78 percent of Filipinos now own mobile phones and smartphone are now 34 percent of the total.

I.Protect: Stairway to…

Thursday, October 23, 2014 - 11:12 p.m.

Clint Fabiosa & Ana Liza Villamor

IT HAS been reported that Led Zeppelin was sued by the band Spirit for copyright infringement with the latter claiming that the intro to “Stairway to Heaven” was copied from Spirit’s song “Taurus.” The two bands played four gigs together in the late ‘60s.

SB Corp. loans ‘open to startups’

Wednesday, October 22, 2014 - 10:05 p.m.

WITH the increasing presence of tech startups in Cebu, an official of a government-owned financial institution said startups, like other small and medium enterprises (SMEs) involved in traditional businesses, can avail themselves of financing from P200,000 to P5 million from the Small Business Corp., the financing arm of the Department of Trade and Industry (DTI).

Seminar to help family businesses plan, work for lasting success

Wednesday, October 22, 2014 - 10:02 p.m.

IT IS known worldwide that family businesses face the challenge of lasting beyond the the third generation. But if businesses plan the right way to transition early on, problems can be avoided.

For entrepreneur Bunny Pages, local businesses can overcome such a challenge. He hopes to share what his company Pages Holdings Inc. has learned by co-organizing a seminar with the Ateneo de Manila University’s Family Business Development Center.

Unionbank to issue P5B fixed rate notes

Wednesday, October 22, 2014 - 10:00 p.m.

TO increase and strengthen its capital base and meet capital adequacy requirements, the Unionbank of the Philippines is issuing P5 billion in fixed rate, unsecured subordinated tier 2 notes on Nov. 5.

In a briefing held for their clients last week, bank officials announced the new offering to their clients, hoping they will see it as an investment alternative.

Coffee Dream sets aside P15M for expansion

Wednesday, October 22, 2014 - 09:26 p.m.

HOMEGROWN specialty shop Coffee Dream is setting aside P15 million to expand next year.

Glenn Soco, founder and owner of the Coffee Dream chain, said yesterday he is adding at least five more coffee outlets and expanding his commissary in 2015 to strengthen the company’s foothold in the specialty coffee shop industry.

Veco power saving campaign targets students, households

Wednesday, October 22, 2014 - 09:20 p.m.

THE Visayan Electric Company (Veco) is embarking on a broader power saving campaign to further raise awareness among students and households.

Theresa Sederiosa, Veco reputation management manager, said they are currently rolling out the “Cebu Unplugged” campaign to selected public and private secondary schools within their franchise area to spread Veco’s campaign on energy conservation.

PH firms told to expand to UK

Tuesday, October 21, 2014 - 09:26 p.m.

ALTHOUGH the United Kingdom (UK) remains to be one of the largest investors in the Philippines, local companies are also starting to set up operations in the UK to serve both the British people and overseas Filipino workers.

That is according to British Embassy Manila Second Secretary Colin Glen, who was in Cebu on Monday in time for the Philippine-British Friendship Day.

Think tank names Cebu Pacific ‘Low-Cost Carrier of the Year’

Tuesday, October 21, 2014 - 09:24 p.m.

LEADING aviation think tank Center for Aviation (Capa) recognized Cebu Pacific Air (CEB) as the Asia-Pacific Low-Cost Carrier (LCC) of the Year, during the recently concluded Capa Aviation Awards for Excellence in Singapore.

Manila firm opens wine bar, resto in Ayala Center

Tuesday, October 21, 2014 - 09:19 p.m.

MANILA-based Planet Grapes Inc. is looking into opening five more outlets in Cebu in the coming years.

The company recently opened in Ayala Center Cebu new wing its first wine bar and restaurant concept in the country.

Gamefowl and Poultry Expo set to open on Oct. 24

Tuesday, October 21, 2014 - 09:10 p.m.

CMB Events Management together with the Central Visayas Breeders Association (CVBA), Negros Gamefowl Breeders Association (NGBA) and the PFGB Digmaan will run the “1st National Gamefowl and Poultry Expo” on Oct. 24 to 26 at the SM Trade Halls in SM City Cebu.

Toral: Marketing to millennials

Tuesday, October 21, 2014 - 09:08 p.m.

LAST week, I gave a talk about marketing to millennials for a research community. It was a difficult task as dealing with millennials, or those born between 1982 to 2004, in my family and circle of friends and peers rarely shows similarity. However, here are some insights or biases that may be relevant.

Isuzu unveils new SUV in Cebu

Monday, October 20, 2014 - 09:40 p.m.

ISUZU Philippines Corp. (IPC) is aiming to grab 10 percent of the 50,000 unit sports utility vehicle (SUV) market share with the launch of its new model, MU-X.

The company introduced in Cebu last Friday the MU-X, the new model replacing the Alterra model.

30 Filipinos to get UK scholarship

Monday, October 20, 2014 - 09:39 p.m.

THIRTY Filipinos have the chance to get a master’s degree in the United Kingdom for school year 2015 to 2016, announced officials of the British Embassy in Manila who were in Cebu yesterday.

The scholarship is under the Chevening Scholarship, the UK government’s global scholarship program funded by the Foreign and Commonwealth Office (FCO) and partner organizations, which grants overseas students a one-year master’s degree course on various fields of study in UK universities.

Tax notes: Tour operators as export market enterprises

Monday, October 20, 2014 - 09:38 p.m.

THE Securities and Exchange Commission (SEC) recently issued SEC Opinion No. 14-26 through the Office of the General Counsel, involving a tour operator based in South Africa that seeks to obtain a license to do business in the Philippines.

‘No significant impact from imitation’

Monday, October 20, 2014 - 09:31 p.m.

WHILE product imitation is reported to be rampant nowadays, a key distributor of major brands in the Philippines sees “no significant” effect on its distribution and retail business.

Primer Group of Companies assistant vice president Dino de Leon said on Friday that the company has been adding more foreign brands in their inventory yearly, which he said is a reflection of the sound business it is experiencing in the Philippines.

Soriano: Family business advisory board: stabilizing force

Monday, October 20, 2014 - 09:26 p.m.

Enrique Soriano Inside Family Business

STUDIES have shown that firms in which founding family ownership remained performed significantly worse than nonfamily or management-controlled firms. The findings of this research follow earlier findings that seemed to point to effective governance requiring active, caring oversight in addition to independence.

Soriano: Family business advisory board: stabilizing force

Monday, October 20, 2014 - 09:23 p.m.

Enrique Soriano Inside Family Business

STUDIES have shown that firms in which founding family ownership remained performed significantly worse than nonfamily or management-controlled firms. The findings of this research follow earlier findings that seemed to point to effective governance requiring active, caring oversight in addition to independence.

Look beyond PH, SMEs told

Sunday, October 19, 2014 - 08:25 p.m.

FILIPINO small and medium-sized enterprises should look beyond the country following a report saying SMEs that carve a niche in overseas markets have the greatest chance of survival.

According to a new survey by The Economist Intelligence Unit, the forecasting and advisory service within The Economist Group, SMEs in developed and developing countries will derive up to half of their revenues internationally by 2019.

Nava developer assures clients: We’re operating under different management

Sunday, October 19, 2014 - 08:24 p.m.

ORIGINALLY part of a 122.83-hectare development, the developers of the 36-hectare Naga Valley Industrial Park (Nava) in Barangay Cantao-an, City of Naga is assuring its clients that they are operating under a different management.

In a statement sent to Sun.Star Cebu, Primary Properties Corp. clarified that the property on which Nava stands was acquired in 2013 from Planters Development Bank, which foreclosed the property from MRC Allied Industries in 2003. MRC Allied, the registered operator and developer of the New Cebu Township One, had mortgaged the 36 hectares to the bank in 1997.

Business executives and news on mobile

Sunday, October 19, 2014 - 08:20 p.m.

FOURTY-four percent of executives are “most focused on news” immediately upon waking up, according to a global survey of 940 executives by Quartz, the business news website of the Atlantic Media Company.

The Global Executives Study by Quartz Insights polled 940 business leaders in 61 countries, including the Philippines, and 36 industries in an effort to “better understand how the world’s smartest, busiest people consume news every day, source and share industry intelligence, and respond to advertising.”

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