PROPERTY developer Johndorf Ventures Corp. (JVC) is building its first master-planned township development in the Visayas in Lapu-Lapu City. The project will cost the firm P2 billion in investments in the next five years.
THE electronic sports or e-sports industry in the Philippines is continuously growing with more than 10 million Filipino players involved in the game, a telecommunication official said.
Smart Communications Inc. Games and Entertainment product manager Anthony E. Esporlas said the growth of e-sports in the Philippines has been noticed in the global arena, with Filipino online gamers bagging awards in international competitions.
Enrique Soriano Inside Family Business
“WE cannot solve problems by using the same kind of thinking we used when we created them.” – Albert Einstein
MANILA – Cebu Pacific Air, through its wider network with Tigerair Philippines, has added three more domestic destinations to its network. It will launch direct flights from Manila to Clark, Roxas and Tagbilaran starting Oct. 23.
PHILIPPINE export products, especially textile and garments, processed fruits, fisheries and bicycles, have a huge market waiting for them next year in the 28-nation European Union (EU) under the Generalized Scheme of Preferences (GSP)+ program.
REVENUE Memorandum Order (RMO) No. 33-2014 dated Sept. 11, 2014 amends the guidelines on importers’ and brokers’ accreditation. Significant amendments include:
1) Individual applicants with severe medical condition shall be allowed to be represented by his/her appointed “attorney-in-fact,” supported by a duly notarized “Special Power of Attorney” and a medical certificate issued by the attending physician under oath, endorsed by any government physician;
DESPITE other available mobile taxi booking services, those behind the operations of Easy Taxi hope to be different by paying attention to a passenger’s experience.
Easy Taxi, which is funded by German startup incubator and venture capital investment firm Rocket Internet, announced Friday that it became fully operational in Metro Cebu, partnering with several taxicab operators to offer their services.
THE Visayan Electric Company will be inaugurating next month its first underground distribution system that stretches from Capitol to Fuente Osmeña rotunda.
The report came from Veco corporate communications manager Theresa Gonzales during the first leg of school visits by the company for Cebu Unplugged at the Ateneo de Cebu in Canduman, Mandaue City.
BEFORE he retires at 60, Elias Tecson, now 57, hopes to see an increase in the entrepreneurial and employment base in the province through the various projects he helped implement while working with the Department of Trade and Industry (DTI).
Tecson, who is the chief trade and industry specialist for Business Development Division of the DTI Cebu Provincial Office, said the projects they rolled out since he joined DTI 33 years ago all have one objective, to reduce poverty in the region through entrepreneurship.
METROBANK’S power generating arm, Global Business Power Corp., switched on yesterday the extension of the 60-megawatt coal plant of its subsidiary Toledo Power Corp. in Toledo City.
GBP Chairman Francisco Sebastian said the P10.2-billion new plant, TPC1-A, will supply the power requirements of Carmen Copper Corp.’s mining expansion projects starting on Dec. 26 this year.
A REAL estate group is calling for the immediate enactment of housing-related bills for the sustainable growth of the local property sector.
The Chamber of Real Estate and Builders’ Associations, Inc. (Creba), through its advocacy council, has been pushing for the creation of a housing department and other market reforms.
INSURANCE company Manulife Philippines considers the Visayas their fastest-growing region in the country, proven by the quick expansion of its branches.
Manulife formally inaugurated yesterday their Stellar Region’s office on the 14th floor of the Keppel Building in Cebu Business Park, and the company’s president and CEO and senior vice president were present to show their support.
CHINA - based tire manufacturer Aeolus Tyres Co. Ltd. expects growth in the Philippine market, considering strong automotive sales.
WE KNOW this by now, and we acknowledge this fact: overseas Filipino workers (OFWs) are indeed the new heroes of the country.
RESPONDENTS Danilo T. Canonero, Antonio N. Esquivel and Cezar I. Belza filed a complaint against DNB Electronics & Communication Services (DNB), the business name of petitioner Diones N. Belza, for constructive illegal dismissal and non-payment of separation pay. The labor arbiter (LA) found for respondents and held DNB liable for illegal dismissal and consequently the payment of backwages and separation pay.
NOTHING is stopping Philippine technology startups from making it big worldwide. That was the key insight shared by visiting investors, venture capitalists, and startup founders during the recently wrapped-up “Geeks on a Plane” tour, which made its last stop in Manila last week after three days of surveying the local startup scene.
IF there is a province in the country that can show it can be competitive with Southeast Asia, Cebu is it, the president of the People Management Association of the Philippines (PMAP) said.
Josephus Jimenez, who welcomed over a thousand delegates to the opening of the 51st annual PMAP Conference at the Waterfront Hotel and Casino Cebu City Wednesday, said that long before the Spanish established Cebu as a province, it was already trading with the likes of China, India, Borneo and Taiwan.
A COMPANY will shell out P550 million for the construction of the pavilion that will host delegates of the International Eucharistic Congress this coming 2016.
Duros Land Properties Inc. (DLPI) will build the 10,000 square meter pavilion to accommodate 15,000 people inside the compound of the Archdiocesan seminaries on Pope John Paul II Ave. in Mabolo, Cebu City.
A NEW pastry destination opened in Cebu recently. Treat Street Café said it will serve customers only “finest quality” of cakes, pastries and coffee.
The 15-square meter dessert kiosk at the 2nd floor of Ayala Center Cebu’s Expansion Wing is owned by cake designer Trina Ang Kokseng, also the woman behind “Cake Couture by Trina.”
INTEL announced that they would ship a new PC processor that will have eight cores.
Actually I saw this announcement buried deep in stories. There used to be a time when every announcement of a new processor that was faster was greeted with applause. But right now, it is more of a yawn. After all, we are most likely using a very small percentage of our CPU and more often than not, the complaints you will hear is more about the Internet speed or disk transfer speed. Intel released their eight cores over a year after AMD and they did not even see that affecting their sales.
Clint Fabiosa & Ana Liza Villamor
ONE of the big tourism players in Cebu, the JPark Island Resort Cebu, formerly known as Imperial Palace, will be bringing its water park facilities to Luzon in 2015.
JPark Island Resort president Justin S. Uy said the P1.2 billion project will sit in an eight-hectare property in Sta. Rosa, Laguna and will retain the name JPark Island Resort.
SINGAPORE-based property developer Syntech Properties, Inc. announced the development of a 37-hectare retirement village in Balamban, Cebu.
Syntech Properties, led by director Janice Ngiam-Chong, paid a courtesy call to Balamban Mayor Ace Binghay to discuss the project, which is now in the documentary and ground work stages.
THOUGH he is more known for winning the Pinoy Big Brother challenge in 2011, Jan Slater Young has been busy doing other things.
Aside from working in their family business, Young and his small team of three have been developing a chat app that he hopes will take off globally.
A NEW township will rise in the southern part of Mactan Island.
Johndorf Ventures Corp. (JVC) has consolidated its properties in Barangays Babag and Calawisan in Lapu-Lapu City into a masterplan for a consolidated township.
THE Philippine Institute of Interior Design will be joining for the first time a real estate firm in Cebu.
“The Cebuano market is a good niche for design and every Filipino deserves a really good space. That is why we create trendy and functional space for all – from low end to high end,” said Hermie Ray Oplado, president of the Philippine Institute of Interior Design (PIID)-Cebu Chapter.
AS IT aims to become the shipbuilding capital of the Philippines and mother shipyard in Southeast Asia, Balamban-based Tsuneishi Heavy Industries (Cebu) Inc. (THICI) unveiled yesterday four new ship models it described as “economical and environment-friendly” vessels.
The company also disclosed that they aim to reduce carbon dioxide (CO2) emissions by 40 percent by 2020. Its current CO2 emission rate stood at 23 percent.
THE Philippine peso today is overvalued and this is causing the country to lose its competitiveness in the world market, according to an economics expert.
The peso is currently “overvalued by 20 percent to 30 percent,” a situation that is counterproductive to government efforts to achieve sustained economic growth, alleviate poverty, and generate employment, said Dr. Victor Abola, program director of the Strategic Business Economics Program of the University of Asia & the Pacific.
FOR eight years, underemployment in the Philippines increased by an average of .10 percent annually, leaving one in every five employed persons underemployed, a recent study released by the Bureau of Labor and Employment Statistics found.
The survey, which sought to find trends and the profile of the country’s underemployed from 2006 to 2013, found that underemployment was at its peak in 2012 and that the substantially underemployed ranged from 6.6 million to 7.5 million.
TO INCREASE trade between the Philippines and Israel, the Israel Chamber of Commerce will be holding a special seminar for Filipino exporters in April. The invitation is open to all Filipino exporters and will happen in Israel, an official said.
Embassy of Israel Head of Economic and Trade Relations to the Philippines Doron Hemo said the seminar is in line with the three-day Agritech event on April 28, 2015 in Israel.