MORE Filipino tourists are expected to visit Japan starting this year amid the relaxation of its visa policy, increased number of direct flights, attractive exchange rate and tax free shopping, top officials of Japan’s tourism agency said.
EXPECTING just 2,500 delegates, the Cebu chapter of the Philippine Institute of Certified Public Accountants (Picpa) has exceeded the number of participants for its annual conference.
Picpa Cebu chapter president Ipher Tabañag said they could exceed 3,000 when they hold the main sessions at the Waterfront Cebu City Hotel until Saturday.
RADISSON Blu Hotel Cebu said it will be introducing innovations in anticipation of the continued growth of tourism in Cebu.
General manager Nishan Silva said the 400-room hotel will implement new programs starting next month, including a membership club for kids, opening of the first Dilmah tea bar in the country and spending P5 million to upgrade the hotel ballroom.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.”