PH firms told to expand to UK

Tuesday, October 21, 2014 - 09:26 p.m.

ALTHOUGH the United Kingdom (UK) remains to be one of the largest investors in the Philippines, local companies are also starting to set up operations in the UK to serve both the British people and overseas Filipino workers.

That is according to British Embassy Manila Second Secretary Colin Glen, who was in Cebu on Monday in time for the Philippine-British Friendship Day.

Think tank names Cebu Pacific ‘Low-Cost Carrier of the Year’

Tuesday, October 21, 2014 - 09:24 p.m.

LEADING aviation think tank Center for Aviation (Capa) recognized Cebu Pacific Air (CEB) as the Asia-Pacific Low-Cost Carrier (LCC) of the Year, during the recently concluded Capa Aviation Awards for Excellence in Singapore.

Manila firm opens wine bar, resto in Ayala Center

Tuesday, October 21, 2014 - 09:19 p.m.

MANILA-based Planet Grapes Inc. is looking into opening five more outlets in Cebu in the coming years.

The company recently opened in Ayala Center Cebu new wing its first wine bar and restaurant concept in the country.

Gamefowl and Poultry Expo set to open on Oct. 24

Tuesday, October 21, 2014 - 09:10 p.m.

CMB Events Management together with the Central Visayas Breeders Association (CVBA), Negros Gamefowl Breeders Association (NGBA) and the PFGB Digmaan will run the “1st National Gamefowl and Poultry Expo” on Oct. 24 to 26 at the SM Trade Halls in SM City Cebu.

Toral: Marketing to millennials

Tuesday, October 21, 2014 - 09:08 p.m.

LAST week, I gave a talk about marketing to millennials for a research community. It was a difficult task as dealing with millennials, or those born between 1982 to 2004, in my family and circle of friends and peers rarely shows similarity. However, here are some insights or biases that may be relevant.

Isuzu unveils new SUV in Cebu

Monday, October 20, 2014 - 09:40 p.m.

ISUZU Philippines Corp. (IPC) is aiming to grab 10 percent of the 50,000 unit sports utility vehicle (SUV) market share with the launch of its new model, MU-X.

The company introduced in Cebu last Friday the MU-X, the new model replacing the Alterra model.

30 Filipinos to get UK scholarship

Monday, October 20, 2014 - 09:39 p.m.

THIRTY Filipinos have the chance to get a master’s degree in the United Kingdom for school year 2015 to 2016, announced officials of the British Embassy in Manila who were in Cebu yesterday.

The scholarship is under the Chevening Scholarship, the UK government’s global scholarship program funded by the Foreign and Commonwealth Office (FCO) and partner organizations, which grants overseas students a one-year master’s degree course on various fields of study in UK universities.

Tax notes: Tour operators as export market enterprises

Monday, October 20, 2014 - 09:38 p.m.

THE Securities and Exchange Commission (SEC) recently issued SEC Opinion No. 14-26 through the Office of the General Counsel, involving a tour operator based in South Africa that seeks to obtain a license to do business in the Philippines.

‘No significant impact from imitation’

Monday, October 20, 2014 - 09:31 p.m.

WHILE product imitation is reported to be rampant nowadays, a key distributor of major brands in the Philippines sees “no significant” effect on its distribution and retail business.

Primer Group of Companies assistant vice president Dino de Leon said on Friday that the company has been adding more foreign brands in their inventory yearly, which he said is a reflection of the sound business it is experiencing in the Philippines.

Soriano: Family business advisory board: stabilizing force

Monday, October 20, 2014 - 09:26 p.m.

Enrique Soriano Inside Family Business

STUDIES have shown that firms in which founding family ownership remained performed significantly worse than nonfamily or management-controlled firms. The findings of this research follow earlier findings that seemed to point to effective governance requiring active, caring oversight in addition to independence.

Soriano: Family business advisory board: stabilizing force

Monday, October 20, 2014 - 09:23 p.m.

Enrique Soriano Inside Family Business

STUDIES have shown that firms in which founding family ownership remained performed significantly worse than nonfamily or management-controlled firms. The findings of this research follow earlier findings that seemed to point to effective governance requiring active, caring oversight in addition to independence.

Look beyond PH, SMEs told

Sunday, October 19, 2014 - 08:25 p.m.

FILIPINO small and medium-sized enterprises should look beyond the country following a report saying SMEs that carve a niche in overseas markets have the greatest chance of survival.

According to a new survey by The Economist Intelligence Unit, the forecasting and advisory service within The Economist Group, SMEs in developed and developing countries will derive up to half of their revenues internationally by 2019.

Nava developer assures clients: We’re operating under different management

Sunday, October 19, 2014 - 08:24 p.m.

ORIGINALLY part of a 122.83-hectare development, the developers of the 36-hectare Naga Valley Industrial Park (Nava) in Barangay Cantao-an, City of Naga is assuring its clients that they are operating under a different management.

In a statement sent to Sun.Star Cebu, Primary Properties Corp. clarified that the property on which Nava stands was acquired in 2013 from Planters Development Bank, which foreclosed the property from MRC Allied Industries in 2003. MRC Allied, the registered operator and developer of the New Cebu Township One, had mortgaged the 36 hectares to the bank in 1997.

Business executives and news on mobile

Sunday, October 19, 2014 - 08:20 p.m.

FOURTY-four percent of executives are “most focused on news” immediately upon waking up, according to a global survey of 940 executives by Quartz, the business news website of the Atlantic Media Company.

The Global Executives Study by Quartz Insights polled 940 business leaders in 61 countries, including the Philippines, and 36 industries in an effort to “better understand how the world’s smartest, busiest people consume news every day, source and share industry intelligence, and respond to advertising.”

Nissan unveils new X-Trail in Cebu

Sunday, October 19, 2014 - 08:18 p.m.

ALTHOUGH they are an established car brand, officials of Nissan Philippines understand that some of their models are not as well-known as their competitors.

They hope to strengthen their presence in the country with the new Nissan X-Trail, which they launched at the SM City Cebu North Wing last Friday.

Naga Valley park opens

Friday, October 17, 2014 - 11:02 p.m.

WITH an added 36 hectares for light and medium industrial facilities, Philippine Economic Zone Authority (Peza) Director General Lilia de Lima hopes Cebu can have a share of manufacturing and agro-industrial investments soon.

The Naga Valley Industrial Park (Nava) in Barangay Cantao-an, City of Naga expects to bring at least 20,000 jobs and further development to the southern part of Cebu.

McDonald’s reopens its branch in Tacloban

Friday, October 17, 2014 - 10:59 p.m.

TACLOBAN CITY—The fast food chain McDonald’s reopened its branch in Tacloban City last Thursday, 11 months after typhoon Yolanda destroyed its building and equipment, taking some P50 million worth of property, last November.

McDonald’s put up the new store in the same site where the branch used to stand, a few meters away from the coast.

Almirante: Appeal bond

Friday, October 17, 2014 - 10:57 p.m.

LAST Sept. 30, 2008, the labor arbiter (LA) rendered a decision holding petitioner Lepanto Consolidated Mining Corp. (LCMC) and its chief executive officer (CEO) liable for illegal dismissal and ordering them to pay respondent Belio Icao P345,879.45, representing his full back wages and separation pay.

Last Dec. 8, 2008, the petitioner and its CEO filed an appeal from the decision before the National Labor Relations Commission (NLRC) First Division.

Emergency powers ‘not needed’

Thursday, October 16, 2014 - 09:09 p.m.

WHILE some sectors have been asking for emergency powers for President Aquino to address a looming power crisis this summer, the European Chamber of Commerce in the Philippines believes these are unnecessary if certain measures can be undertaken right away.

Guenter Taus, vice president of the ECCP board of directors, said six measures they are proposing can be implemented without legislative action and can bring down between 20 and 30 percent energy consumption, enough to offset the loss of energy generated by several power plants in Luzon scheduled for maintenance shutdown next year.

Firm behind Bluewater to build hospital

Thursday, October 16, 2014 - 09:06 p.m.

CEBU-BASED Alenter Resort Hotels Corp., the company behind the Bluewater Properties, is diversifying its investments in the province by putting up a 100-bed hospital in Mactan Island.

Rhyz Buac, vice president for finance and operations, said in an email that the group is holding off any major resort expansion in all of its properties as they will concentrate on building a hospital facility, whose construction is scheduled for next year.

IdeaSpace opens 2015 startup competition

Thursday, October 16, 2014 - 09:05 p.m.

IDEASPACE Foundation, Inc. (IdeaSpace), the largest privately-backed technology incubator and accelerator in the country, has announced the opening of its 2015 startup competition which seeks to find the next big great technology idea from the Philippines and around the region.

I.Protect: Converse

Thursday, October 16, 2014 - 09:04 p.m.

Clint Fabiosa & Ana Liza Villamor

Globe sets up portal for Note 4

Thursday, October 16, 2014 - 09:01 p.m.

GLOBE Telecom is gearing up to welcome the newest Samsung Galaxy Note 4 and Galaxy Gear S with an online portal to serve early customers. The portal accepts registration of interest among customers purchasing the latest devices with a postpaid plan from Globe.

Villar firm to focus on Cebu

Thursday, October 16, 2014 - 01:42 a.m.

CEBU will be a key area for Vista Land and Landscapes, Inc., according to its chairman Manny Villar.

“This is the first time I’m focused on Cebu. We are getting more brokers and agents because we are lining up a lot of projects here,” Villar said during the company’s Grand Brokers Day held Tuesday at the Cafe Laguna Garden in Ayala Center Cebu.

Security Bank seeks to grow network of branches to 300

Wednesday, October 15, 2014 - 09:38 p.m.

IN the next three years, publicly-listed Security Bank Corp. expects its network to reach 300 branches.

“Our focus in the next three years is to grow our domestic presence. We are targeting 10 branches per year in the next two to three years,” said Security Bank president Alberto Villarosa in a press conference on Tuesday. “We want to make sure we get into the very productive level on the branches that we opened in the past.”

PH economy ‘on stable footing’

Wednesday, October 15, 2014 - 09:35 p.m.

AS FAR as the Bangko Sentral ng Pilipinas is concerned, the country’s economy is “on stable footing.”

Deputy Governor Diwa Guinigundo, who spoke on the country’s economic dynamics at a briefing held for the Cebu Business Club, assured that the country’s budget has been structured to ensure economic growth.

CanCham backs calls to expand int’l port

Tuesday, October 14, 2014 - 09:27 p.m.

THE Canadian Chamber of Commerce of the Philippines (CanCham) has expressed support for the call of Cebu business owners to accelerate expansion of Cebu’s international port to stimulate economic activities in the province as well as boost international trade.

CanCham president Julian Payne said good infrastructure is essential to a good economy, especially when competition in the global trade has become tougher.

Carcar shoemakers to receive P1.7M set

Tuesday, October 14, 2014 - 09:21 p.m.

TO SUPPORT a key industry in Carcar City, P1.7 million worth of shoemaking set from Taiwan will be turned over to the Carcar United Footwear Manufacturers Association Inc. by the third week of this month.

The development was shared by Department of Trade and Industry Cebu business development chief Elias Tecson in an interview yesterday. The amount is part of the agency’s Shared Service Facility program where it has allotted a total of P36 million for Central Visayas this year.

With agri production decline, DA, Neda to monitor sector

Tuesday, October 14, 2014 - 09:17 p.m.

AS the agriculture sector showed continuous decline in production, the National Economic Development Authority (Neda) 7 has had discussions with the Department of Agriculture to work together and monitor the sector’s performance.

Davao team wins app dev’t contest

Tuesday, October 14, 2014 - 09:16 p.m.

THE language adventure game Epic Life, which teaches users how a civilization starts and evolves, won the Globe-Samsung Regional App Challenge and will represent the Philippines in the SingTel Group competition in Singapore this month.

Created by the Davao-based team of Eric Clark Su, Francis Jed Guipo, and Orlando Yanson, Epic Life is a port of the best-selling, open source and minimalistic text adventure game “A Dark Room” that uses words as a form of play. It bested 10 other semi-finalists and won for the team $6,000 in cash and $3,000 worth of devices.

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