A NEW player in the local real estate industry has prepared four projects to serve the entire market spectrum from high-end, mid, affordable, to socialized housing in two years.
Castille Resources Realty Development was incorporated just two years ago by Edgar Castillo of the International Pharmaceutical Inc. family. It has projects in Mandaue City and the town of Consolacion.
ENTREPRENEUR Jefren Pages and his business partners are setting aside P5 million for the expansion of his latest business venture, The Techbox, to surrounding cities of Cebu.
The Techbox is a gadgets supply and repair shop located across the Banilad Town Center. It is a provider of top-of-the-line closed circuit television cameras (CCTV) for retail outlets, hotels, schools and business process management firms.
THE Cebu Chamber of Commerce and Industry (CCCI) and the Malaysian International Chamber of Commerce and Industry (MICCI) Sabah branch have agreed to work together to enhance regional trade.
PHILIPPINE Airlines is flying to New York City on March 15, 2015, marking the carrier’s much-awaited network expansion to the US east coast.
In announcing the New York service, PAL Chairman & Chief Executive Officer Dr. Lucio C. Tan said, “This auspicious start of regular flights to New York will coincide with PAL’s 74th founding anniversary.”
STAKEHOLDERS and government agencies approve of the passage of a bill allowing foreign shipping lines to call at multiple Philippine ports, as long as the cargoes they carry are for foreign trade and have been cleared by the Bureau of Customs.
THREE months ago, I set up an SEO lead generation network with the intent of enabling bloggers, social media specialists, and SEO professionals to become lead generators.
A LAWMAKER from the fourth district of Isabella has filed a bill allowing foreign investors to fully own retail businesses in the country.
Rep. Giorgidi Aggabao filed House Bill 4403, which seeks to amend Republic Act 8762 or the Retail Trade Liberalization Law by removing the capital requirement provision in the law that prohibits foreign investors to fully own retail businesses in the country.
PHIL-JobNet, the Department of Labor and Employment’s automated job and applicant matching system, will soon have text messaging and full Facebook integration capacity.
REVENUE Memorandum Order (RMO) No. 34-2014 dated September 18, 2014 clarifies certain provisions of RMO 20-2013, as amended by RMO 28-2013 on the issuance of tax exemption rulings for qualified non-stock, non-profit (NSNP) corporations and associations under Section 30 of the Tax Code.
“Diversification and globalization are the keys to the future.” -Fujio Mitarai
OVER a long period of time, the literature on corporate diversification has focused almost exclusively on large, publicly-held firms. However, within the last few years, there have been some works published, not only dealing with diversification issues in small and medium-sized firms, but also in family businesses (Iacobucci & Rosa, 2005).
BEING at the forefront of technologies in enterprise connectivity by deploying superior data connections, Globe Business has been promoting the use of Carrier Ethernet (CE) in the industry, as well as the corresponding benefits it can provide to its customers in the Philippines.
THE number of employed persons in Central Visayas grew 3.9 percent in July this year from the same period last year, the latest Labor Force Survey reported. Total employed persons numbered 3.1 million from 2.9 million in 2013. The region was the third top gainer in the country.
Underemployment rate was at 15.2 percent, higher than the previous year’s 12.2 percent while unemployment was at 5.9 percent, lower than the 6.5 percent recorded the year prior.
THREE months before it marks a year of commercial and retail operations inside the Mactan Economic Zone 2, AboitizLand Inc announced that it will expand The Outlets by another 6,000 square meters to accommodate more global brands by the second quarter of 2015.
AboitizLand Inc commercial business unit manager Clifford M. Academia said in an interview on Friday that 15 more outlet stores, carrying multiple brands, will be introduced in The Outlets at Pueblo Verde.
SMART Communications, Inc. (Smart) together with Talk ‘N Text and Sun Cellular is offering free Internet access to its prepaid subscriber base via their mobile phones.
GLOBE Telecom answered Smart’s announcement of a free Internet offer by saying that the rival merely followed “the lead we have set.”
“At Globe, we’ve been working for years to create a wonderful digital experience for our customers. We have known for some time that the internet is at the heart of everything in one’s digital life. Our customers know that through our great partnerships with Facebook, Spotify, Google, Viber and others,” the company said in a statement issued by Globe Corporate Communications SVP Yoly Crisanto.
THE continued influx of Japanese tourists to Cebu has led entrepreneur Ma. Ligaya Machida to expand her chain of Nonki Japanese restaurants.
Last Friday, Machida opened her sixth branch called Nonki Teppanyaki Restaurant in JCentre Mall in Mandaue City.
MANILA-based Property Company of Friends (Pro-Friends) is looking at Cebu as the next growth area for its real estate expansion.
Although the firm declined to disclose details for now, Guillermo Choa, Pro-Friends chairman, said in an interview with Sun.Star Cebu yesterday that “the firm will definitely build communities for the Cebuano market.”
CITING the size of Cebu’s financial market, the Securities and Exchange Commission (SEC) hopes to encourage local businesses to consider the issuance of securities to investors as a way to raise capital.
SURVIVING the export industry, particularly in the costume jewelry segment, remains a challenge now that jewelry export is down. But for a homegrown accessory maker, which has sustained the business for more than 20 years now, tapping the local market buffered the impact of declining global demand.
Cyprea International Inc., a manufacturer of costume jewelry, started out exporting products made from natural materials to major clients in Europe and the United States during the 1980s.
WORLDBEX Services International (WSI), an events and expositions organizer, will present PHILBEX Cebu 2014, happening alongside CEFBEX and the Cebu Auto Show, on Oct. 9 to 12, 2014 in the SM City Cebu Trade Hall.
“Worldbex is always on the lookout to discover various opportunities to strengthen and expand the trade sector of the country. This season, WSI sets its sights on Cebu, as it displays an impressive growth in multiple sectors, most especially, its construction and building industry,” the company said in a press statement.
PETITIONERS Grand Asian Shipping Lines, Inc., Eduardo P. Francisco and William How appealed the decision of the labor arbiter (LA) awarding to respondent Wilfredo Galvez and nine others the amount of P7,104,438.84 via a Notice of Appeal with a Very Urgent Motion to Reduce Bond and posted a cash bond in the amount of P500,000 and a supersedeas bond in the amount of P1.5 million.
SURVIVING the export industry, particularly in the costume jewelry segment, remains a challenge now that jewelry export is down.
But for a homegrown accessory maker, which has sustained the business for more than 20 years now, tapping the local market buffered the impact of declining global demand.
SEEING the Philippines as “the most promising market” in Southeast Asia, online vehicle marketplace Carmudi is looking to expand its operations outside of Metro Manila and serve secondary cities like Cebu and Davao.
Global managing director and co-founder Fritz Simons and Philippines managing director Subir Lohani were in Cebu Monday to look into their satellite office on Gen. Maxilom Ave.
SMALL and medium sized enterprises (SMEs) in Cebu are encouraged to adopt global strategies to flourish not only in the Asean but also in global trade.
THE Rolling Stone magazine (www.rollingstone.com/music/news) reports that come election time, there would be instances of politicians using songs in their campaign sorties without the permission or without obtaining any license from the artists or the songs’ composers.
AFTER being recognized nationally for being the best global in-house center last March, Lexmark Cebu Shared Service Center earned a top award besting other companies in Asia.
WITH people replacing or upgrading their gadgets almost yearly, electronic wastes pile up. Old gadgets often end up abandoned or thrown into the trash together with drained phone batteries and broken chargers.
FOLLOWING the declaration of a state of calamity by the Cebu City Council due to heavy flooding caused by typhoon Mario, the Department of Trade and Industry (DTI) has implemented a price freeze on basic goods in Cebu City.
HONG KONG- based sav Hospitality Limited, the hotel management brand of Hong Kong’s Chuang’s Consortium International Limited, announced it has obtained the rights to manage and operate the 6.5 hectare Pacific Cebu Resort in Brgy. Suba-basbas, Lapu-Lapu City.
TOP officials of Tsuneishi Heavy Industries (Cebu) Inc., the local unit of the world’s leading shipbuilder Tsuneishi Group of Japan, are urging the government to develop the domestic support industries for labor-intensive ventures like shipbuilding.
Tsuneishi Technical Services (Phils.) Inc. general manager Segismundo Exaltacion Jr. said the Philippines could lose its cost competitiveness for failure to develop the supply chain of big industries, which can be sourced locally.