MORE than 500 senior citizens in Barangay Capitol Site opposed the plan to donate a portion of their financial assistance this year for the construction of the new Cebu City Medical Center (CCMC).
Capitol Site Barangay Captain Manuel Guanzon wrote Rolando Llaguno, the head of the Office of the Senior Citizen Affairs (Osca), on behalf of the seniors in his barangay.
BUSINESSES are more upbeat about the economy in the final quarter of 2014, with the overall confidence index (CI) rising to 48.3 percent from 34.4 percent in the quarter before.
This Bangko Sentral ng Pilipinas (BSP) said this quarter-on-quarter increase is the highest since the first quarter of 2010 and indicates that more businesses are optimistic about the country’s economic prospects.
A FAMILY with multiple business undertakings decided to enter Bohol’s real estate scene this year.
LAST Sept. 18, 2009, the Third Division of the Supreme Court (SC) rendered a decision that reversed a Court of Appeals (CA) decision dated Oct. 27, 2008, granting the motion to reduce appeal bond of respondents Eulalio Ganzon, EGI-Managers, Inc. and E. Ganzon, Inc. and ordering the National Labor Relations Commission (NLRC) to give due course to respondents’ appeal.
A YOUNG man had been caught in a daring act of theft and had been condemned to be executed for it. He expressed his desire to see his mother, and to speak with her before he was led to execution, and of course this was granted. When his mother came to him he said: “I want to whisper to you,” and when she brought her ear near him, he nearly bit it off. All the bystanders were horrified, and asked him what he could mean by such brutal and inhuman conduct. “It is to punish her,” he said. “When I was young I began with stealing little things, and brought them home to mother.
CONTRARY to what most perceive, stock market trading can be simple, said BPI Securities Cebu equities sales head Norman Jay Go.
In a discussion with reporters yesterday, Go said understanding how the market works and having common sense is all that is needed. Although he finds the Philippine Stock Exchange “overstocked,” he believes there is value in growth industries such as mining, utilities and telecommunications and industries with value such as consumer products, gaming and infrastructure.
GOKONGWEI-led Robinsons Specialty Stores, Inc. (RSSI) unveiled last Wednesday the 12th branch of high-end clothing brand Dorothy Perkins in Ayala Center Cebu.
Dorothy Perkins is a UK-based women’s fashion brand primarily aimed at women aged 25-35 years old. Its product lines include dresses, jersey tops, knitwear, coats, tailoring, denim, shoes, accessories, jewelry, lingerie, maternity, petite and tall.
OFFICIALS of Megaworld Corp. said they plan to connect the Lapu-Lapu Shrine to Plaza Magellan, one of the components of its development inside the Mactan Newtown in Lapu Lapu City.
Clint Fabiosa & Ana Liza Villamor
IT HAS recently been reported that the Court of Appeals ruled in favor of Ginebra San Miguel in the trademark infringement and unfair competition case that it filed against Tanduay Distillers in regard to Tanduay’s use of the word “Ginebra.” The CA held that two centuries of use and advertisements have given the word “Ginebra” a secondary meaning exclusively identifiable with Ginebra San Miguel’s gin products.
INSTEAD of competing with each other, Indonesia wants to establish closer ties with the Philippines to boost trade and investments.
WITH a 106 percent penetration rate in mobile phones, the Philippines is bound to have many discarded devices. With environment protection one of their sustainable initiatives, Globe Telecom has launched a program to address the growing problem of e-waste disposal.
Fernando Esguerra, Globe director for corporate social responsibility, introduced to reporters Tuesday Globe’s Project 1Phone, an effort to reduce the volume of discarded electronics that end up at landfills.
FANS of Mercedes-Benz need not go outside Cebu with the return of the German luxury automobile brand to the province.
Global Star Motors president Edward Onglatco says, “The Cebuanos have long been waiting for Mercedes-Benz’s comeback in Cebu. We are honored that Global Star Motors has been authorized by Auto Nation Group to represent the three-pointed star brand. We look forward to providing the Cebuanos the best and safest cars.”
SEVEN Israeli companies were in Cebu yesterday to showcase emerging technologies in water and agriculture industries and to explore potential investments and business ventures.
ALTHOUGH the luxury segment is not moving as quickly as the entire car industry, BMW is still the segment leader in the country, consistently in the top spot for about 10 years, said BMW dealerships vice president for Vismin operations Seng Thiew Seow.
FAST CRAFT operator SuperCat 2GO Travel is expanding its services by offering dinner cruises in Cebu next month.
According to Angelito Salvio, general manager of SuperCat 2GO Travel, they are planning to deploy two of their fast crafts to become “floating restaurants” as tourists or tour groups cruise along the Cebu harbor.
GMA Network (GMA) reported a net income of P422 million in the third quarter of the year, up 66 percent compared with the previous quarter.
Consolidated revenues for Q3 stood at P3.141 billion, representing an eight percent improvement over the P2.915 billion generated in the second quarter. Both airtime revenues and gross earnings from other businesses posted positive results and contributed to the increase in income.
ON its 13th year, the Cebu Educational Foundation for Information Technology (Cedf-IT) acquired an additional task—promote Cebu as a location for IT and business process management.
Although Cedf-IT managing director Wilfredo Sa-a Jr. acknowledged that it is not difficult to sell Cebu, this task was formerly undertaken by the Cebu Investment Promotions Center that ceased operations in December last year.
THE Securities and Exchange Commission (SEC) issued Memorandum Circular No. 20-2014 on Nov. 10, 2014, which extends the compliance period of all corporate governance covered companies in filing their respective Manual of Corporate Governance (MCG) until Dec. 31, 2014, instead of the original deadline, July 31, 2014.
SOUTH Korean firm Phoenix Semiconductor Philippines Corp. (PSPC) will push through with its planned initial public offering on Dec. 1, a move to support its facility expansion in Clark, Pampanga.
Enrique Soriano Inside Family Business
“Don’t be afraid to hire professionals.”
MERCATO Centrale co-founder and Globe myBusiness brand ambassador RJ Ledesma encouraged aspiring food entrepreneurs to seize emerging trends and opportunities, as well as take advantage of new information and communication technology capabilities. Ledesma said this was how his food market expanded.
ASIDE from tapping state-run financial institutions, local banks in the country are encouraged to extend financial assistance to the region’s growing creative sector to prepare them for the Association of Southeast Asian Nations (Asean) regional integration next year.
TOURISM arrivals in Central Visayas increased by 2.13 percent in the first seven months of the year compared to the same period last year, according to a report by the Department of Tourism (DOT) 7.
Central Visayas recorded 2,146,806 in tourism arrivals, DOT said. Local arrivals grew by 3.05 percent to 1,318,027, while foreign arrivals increased slightly by 0.95 percent or 822,046 compared to the same period in 2013.
TO ATTEND to customers who reside in the northern part of Metro Cebu, Rustan’s Supermarket opened its fourth store in Cebu and 21st in the country last Saturday at the Oakridge Business Park.
IT seems to me that the saga of the erstwhile good driver that I know would not go away so easily.
Apparently, seeing the error of his ways is not one of his strong suits, and perhaps it is something that is not even in his character to understand.
THE Primer Group of Companies announced it will be bringing in more international brands in Cebu starting next year with the opening of new malls in the province.
At least 15 shops will open in SM Seaside City Cebu at the South Road Properties next year, Primer Group assistant vice president Johanns Tan said in an interview.
TAGBILARAN CITY–The Department of Trade and Industry (DTI) 7 is pushing to enable more micro, small and medium enterprises (MSMEs) to supply products to the Bohol tourism industry with the help of the country’s first fabrication laboratory (FabLab) based in the province.
DTI 7 director Asteria Caberte said the FabLab is an important platform to enhance the sector’s product development for Bohol’s burgeoning tourism industry and to upgrade product competitiveness in the global market.
TWO months after its international release, the iPhone 6 and iPhone 6 Plus were made available in the Philippines. Authorized Apple reseller iStore began selling the hotly-anticipated models yesterday in all seven of their branches nationwide.
IN A decision dated Sept. 30, 2004, the labor arbiter declared petitioner Andrew James McBurnie as having been illegally dismissed from employment and thus awarded the following: a) $985,162 as salary and benefits for the unexpired term of their employment contract, b) P2,000,000 as moral and exemplary damages, and c) attorney’s fees equivalent to 10% of the total monetary award.
TWELVE months after the devastation wrought by super typhoon Yolanda, the rebuilding of the tourism sector in Northern Cebu is well under way.