Process cargo faster: forwarders

Tuesday, November 25, 2014 - 10:59 p.m.

WITH more shipments being diverted to Cebu, a top official of the Philippine International Seafreight Forwarders Association (Pisfa) Cebu Chapter is appealing to all service providers and the Bureau of Customs (BOC) to speed up processing and release of cargo shipments to avoid delays in delivery this coming holiday season.

Smart e-money program named best in world

Tuesday, November 25, 2014 - 10:58 p.m.

THE mobile cash transfer program deployed by Smart Communications, Inc. (Smart) subsidiary Smart e-Money, Inc. (SMI) in the aftermath of super typhoon Yolanda was named the best mobile money service in the world at the 11th Meffys Awards in San Francisco, USA.

The SMI program beat mobile money projects of the likes of banking and financial services giant Barclays and the London Stock Exchange-listed Bango.

PH equity market ‘to end year strong’

Tuesday, November 25, 2014 - 10:28 p.m.

MAKATI CITY— Amid an increasingly competitive but flourishing business environment, Philippine companies continue to turn to the equity capital markets to raise funds and fuel growth. In 2014 year-to-date, 20 equity and equity-linked transactions have been completed, raising P111.4 billion.

That is being driven in part by the growing Philippine economy and attractive valuations where the Philippines is the third best-performing equity index in Asia after India and China.

BIR 13 exceeds collection target for October by 5%

Tuesday, November 25, 2014 - 10:27 p.m.

ALTHOUGH the momentum from the first semester has somewhat slowed, the Bureau of Internal Revenue 13 still exceeded its October collection target by over five percent and its third quarter target by 0.11 percent.

While exceeding the goal indicates a good performance for them, BIR-13 Director Hermeno Palamine cannot help but feel a little apprehensive at the end of each year, because it can only mean his targets for the next year will be even higher.

CPAs to gather in Cebu today

Tuesday, November 25, 2014 - 10:26 p.m.

MORE than 3,000 delegates are expected to gather in Cebu starting today until Nov. 29 for the 69th Picpa Annual National Convention.

The Philippine Institute of Certified Public Accountants (Picpa) – Cebu Chapter is hosting this year’s annual convention at the Waterfront Cebu City Hotel and Casino.

Port congestion drags exporters

Monday, November 24, 2014 - 08:55 p.m.

A RECENT survey of exporters shows they confront a host of challenges ranging from additional costs to business delays and revenue losses due to the impact of the continuing port congestion.

The Export Development Council (EDC) conducted a survey on the impact of port congestion on the export industry last month.

Marco Polo to improve facilities to meet demand for Mice market

Monday, November 24, 2014 - 08:55 p.m.

FIVE-STAR city hotel Marco Polo Plaza Cebu said it will be improving some of its hotel facilities starting next year to boost foreign and domestic business and leisure travelers.

Industry veteran takes COO post in Veterans Bank

Monday, November 24, 2014 - 08:54 p.m.

THE Philippine Veterans Bank (PVB) has appointed professional banker Nonilo Cruz as chief operating officer of the fast growing commercial bank.

Cruz has more than 30 years of experience in banking and corporate operations with various local and multinational commercial banks, where he rose from the ranks to be a senior executive in a foreign bank branch in the Philippines.

UCMed partners with Philips on medical imaging equipment

Monday, November 24, 2014 - 08:53 p.m.

UNIVERSITY of Cebu Medical Center (UCMed), a 300-bed hospital that will soon open in Mandaue City, has entered a joint venture with Philips to improve patient care in the region.

Philips, a global leader in health care, is set to install a catheterization laboratory with state of the art imaging equipment in the medical center’s premises. Philips will include mobile C-arms to UCMed’s facilities to equip local medical practitioners with the latest imaging technology, the school said in a press statement.

Tax Notes: Mandatory PhilHealth coverage for all senior citizens

Monday, November 24, 2014 - 08:52 p.m.

ON Nov. 5, 2014, President Benigno S. Aquino signed Republic Act (RA) No. 10645 granting automatic, lifetime PhilHealth membership to all senior citizens.

The law makes mandatory the provision of PhilHealth coverage to all Filipinos, 60 years old and above regardless of their social or economic status. This new law amends RA No. 7432 or the “Expanded Senior Citizens Act of 2010” by removing the requirement that a senior citizen has to be indigent or poor before he/she could enjoy PhilHealth coverage.

Inside Family Business: Are in-laws in family business really out-laws?

Monday, November 24, 2014 - 08:51 p.m.

ACCORDING to Dr. Steven Berglas, management consultant, psychologist, faculty of Harvard Medical School and author of “The Success Syndrome,” hiring in-laws into the family business can be a “kiss of death.” The reason? They become too familiar to the point that they believe the business is their own. They then proceed to prove their value to the company by changing the way it’s run.

Japan slowdown ‘not alarming’

Sunday, November 23, 2014 - 07:29 p.m.

ALTHOUGH Japan is one of the top trading partners of the Philippines, local exporters do not think a recession will create large adverse effects on the industries here.

Sun Savings Bank assets grow 58% to P525 million

Sunday, November 23, 2014 - 07:27 p.m.

TOTAL assets of Sun Savings Bank breached the half-billion peso mark as of Sept. 30 as it reached a record P525 million. This reflected a growth of 58 percent compared to the year-ago level of P333 million.

Better on mobile

Sunday, November 23, 2014 - 07:26 p.m.

MORE than just a device by which we make calls, today’s phones are portable computers that we carry around with us wherever we go. And what a portable computer it is. The processing power of devices by which we hurl Angry Birds to space is more than that of the system that brought man to the moon.

RDC lists action plans for Asean integration

Sunday, November 23, 2014 - 07:24 p.m.

THE Central Visayas Regional Development Council (RDC) 7 has drafted a list of action plans on various sectors of the region to cushion the impact of Association of Southeast Asean Nations (Asean) economic integration in 2015.

“To maximize the opportunities and mitigate the challenges, the region decided to organize a task force to study the impact of the Asean Economic Community (AEC) on various sectors of the region and to recommend safety nets,” said Department of Trade and Industry (DTI) 7 Director Asteria Caberte.

Elderly in Capitol Site say no

Saturday, November 22, 2014 - 11:32 p.m.

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.

Holidays lift business outlook

Friday, November 21, 2014 - 10:52 p.m.

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.

Bohol business group diversifies further with subdivision project

Friday, November 21, 2014 - 10:45 p.m.

A FAMILY with multiple business undertakings decided to enter Bohol’s real estate scene this year.

Almirante: Third motion for reconsideration

Friday, November 21, 2014 - 10:44 p.m.

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.

Batuhan: A man and his mother

Friday, November 21, 2014 - 10:40 p.m.

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.

‘Look for tremendous growth’

Thursday, November 20, 2014 - 09:21 p.m.

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.

Dorothy Perkins opens in Cebu

Thursday, November 20, 2014 - 09:19 p.m.

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.

Megaworld plans to link Lapu shrine to Plaza Magellan

Thursday, November 20, 2014 - 09:16 p.m.

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.

I.Protect: Ginebra vs. Kapitan

Thursday, November 20, 2014 - 09:14 p.m.

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.

Indonesia seeks closer PH ties

Wednesday, November 19, 2014 - 09:03 p.m.

INSTEAD of competing with each other, Indonesia wants to establish closer ties with the Philippines to boost trade and investments.

Globe launches e-waste reduction program

Wednesday, November 19, 2014 - 09:02 p.m.

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.

Mercedes-Benz returns to Cebu

Wednesday, November 19, 2014 - 08:57 p.m.

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.”

Israeli companies showcase tech

Tuesday, November 18, 2014 - 08:44 p.m.

SEVEN Israeli companies were in Cebu yesterday to showcase emerging technologies in water and agriculture industries and to explore potential investments and business ventures.

BMW ‘still ahead’ in luxury segment

Tuesday, November 18, 2014 - 08:43 p.m.

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.

2Go to offer dinner cruises

Tuesday, November 18, 2014 - 08:41 p.m.

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.

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