Visayas ‘can contribute more’

Friday, December 19, 2014 - 10:29 p.m.

AMONG the four major economic blocs in the country, the Visayas contributes the least to the Philippine economy. Despite its geographic constraints, the region’s economic planners believe it is in a good position to contribute more, being the most peaceful region in the country.

Rethink no-expiration policy on GCs: retailer

Friday, December 19, 2014 - 10:27 p.m.

A TOP official of the Philippine Retailers Association in Cebu (PRA-Cebu) is hoping that the Department of Trade and Industry (DTI) will reconsider the no-expiration policy on gift certificates (GCs) to protect retailers from fraudulent and tampered GCs.

PRA-Cebu president Robert Go said that the policy is disadvantageous to business as this will disrupt their cash flow.

Not enough rice in Central Visayas: DA

Friday, December 19, 2014 - 10:25 p.m.

THERE IS not enough rice in Central Visayas to feed its seven million - and still growing - population. Rice self-sufficiency in the region is only at 32 percent, according to government data.

The report came from the Department of Agriculture 7 Director Angel Enriquez in a recent interview. She said yield per hectare is only at three metric tons, which is below the average target of 3.9 metric tons of yield per hectare.

Almirante: Constructive dismissal

Friday, December 19, 2014 - 10:24 p.m.

ON March 30, 2009, petitioner Raul C. Cosare, received a memorandum from Roselyn Villareal, manager for finance and administration of respondent Broadcom Asia, Inc., signed by respondent Dante Arevalo charging him with serious misconduct and willful breach of trust. Cosare furnished the respondents with his reply to the charges but the latter refused to accept the same on the ground that it was filed beyond the 48-hour period provided in the memorandum.

Visayas to promote diving

Thursday, December 18, 2014 - 09:28 p.m.

THREE regions in the Visayas have come together to promote diving and other tourism-related activities to provide more options and to encourage foreign visitors to stay longer in the country.

Department of Tourism (DOT) 7 Director Rowena Montecillo told reporters yesterday that Regions 6, 7 and 8 have united to come up with one tourism campaign to market Visayas as a diving destination in the international market through the One Visayas tourism platform.

Developers seek higher price ceilings

Thursday, December 18, 2014 - 09:27 p.m.

WITH the increasing cost of land and construction materials, the Subdivision Housing and Developers Association (SHDA) has proposed to the government to increase the ceiling price for economic housing to P1.7 million, from the current P1.25 million.

SHDA Central Visayas president Alexander Ace Sotto said the organization already submitted such a proposal to the Housing and Urban Development Council (HUDCC) just this year.

Ng: Smartphone trends

Thursday, December 18, 2014 - 09:24 p.m.

GOOGLE has just released the top American trending searches for 2014. This should indicate what were in the minds of Americans this year. The top 10 are Robin Williams (he committed suicide in August), World Cup (the global soccer tournament was held this year in Brazil), Ebola (the current highly contagious virus hitting Africa), Flappy Bird (the new hit game from a Vietnamese programmer), and Malaysia Airlines ( the airline that was hit by crashes twice in a row). Sixth was the ALS Ice Bucket Challenge, and after that was ISIS (the militant Muslim group) and Ferguson.

CV ‘has edge’ in food processing

Wednesday, December 17, 2014 - 08:43 p.m.

AS THE agriculture sector has taken a backseat to the industry and services sectors, the National Economic and Development Authority (Neda) has worked with the Department of Agriculture to help the sector perform better.

Pag-ibig Visayas exceeds loan targets by 114%

Wednesday, December 17, 2014 - 08:41 p.m.

STATE-RUN Home Development Mutual Fund (Pag-ibig Fund) Visayas surpassed its target housing loan allocation this year by 114 percent, bringing the amount to P3.633 billion as of November this year from the P3.187 billion target.

This is an achievement for Pag-ibig Fund Visayas, according to business development department manager Rio Teves. Last year, the Visayas region failed to meet its P4.109 billion housing loan target. Instead, it was only able to release P2.72 billion worth of housing loans as of October 2013.

Companies asked to boost production of seaweeds

Wednesday, December 17, 2014 - 08:39 p.m.

SEAWEED companies are encouraged to boost local production of raw dried seaweeds to meet the growing global demand.

Florence Sevilla, senior agribusiness socialist of the Center for Food and Agribusiness of the University of Asia and the Pacific, said the seaweed/carrageenan industry will still remain a “star player” in food exports on the back of the increase demand on food and growing population as well as high purchasing power of emerging markets.

FLI ups City di Mare investment

Tuesday, December 16, 2014 - 10:25 p.m.

FILINVEST Land Inc (FLI) has increased its capital expenditure to P25 billion for City di Mare with its “enhanced” masterplan, more than double the earlier reported P10 billion investment.

The figures came from FLI president and chief executive officer Josephine Gotianun-Yap yesterday during the launching of City di Mare in South Road Properties.

Danao boosts entrepreneurship with bazaar

Tuesday, December 16, 2014 - 10:19 p.m.

THE Department of Trade and Industry (DTI) praised the initiative of the Danao City Government to push entrepreneurship among its constituents by holding a Christmas Bazaar.

Toral: Appeal to President Aquino on Data Privacy Law

Tuesday, December 16, 2014 - 10:17 p.m.

THE government is undertaking major initiatives to secure, conserve and maximize the use of IT resources under its iGov project. It also includes providing a facility to support data sharing initiatives among government agencies. While these are all lauded, it is a concern that this is being implemented without following prescribed data privacy guidelines that are compliant with the Data Privacy Law (Republic Act 10173).

Region 7 unemployment lower

Monday, December 15, 2014 - 10:38 p.m.

THE unemployment rate in Central Visayas is at 5.4 percent in the last quarter of the year, a figure lower than the national figure of six percent, the Department of Labor and Employment 7 said.

The region has 177,000 people who do not have jobs. The national figure, according to the Philippine Statistics Authority last Dec. 10, is at 3,855,780.

Developer showcases small space living

Monday, December 15, 2014 - 10:37 p.m.

FOR most, 22 square meters is too small a space to live in. For a property development firm, model units are the best way to show clients the possibilities of a 22-square meter unit.

Soriano: Family businesses must prepare for major shift in next 20 years

Monday, December 15, 2014 - 10:24 p.m.

Enrique Soriano Inside Family Business

“SUCCESS is the temporary suspension of failure”

Study identifies new growth area in Manila; property prices ‘to double’

Monday, December 15, 2014 - 10:24 p.m.

MANILA-In 2015, a new growth area in the property sector is emerging in Metro Manila. Research firm Cuervo Far East said in an independent study that the western portion of southern Metro Manila is growing fast as a major area of growth in real estate, following Makati, Ortigas and Fort Bonifacio.

Known as the “Southern Manila West Growth Area (WGA),” it comprises portions of the cities of Las Piñas and Muntinlupa on the west section of the South Luzon Expressway (SLEX). This area, the study said, will experience robust growth in property prices within five years.

Tax notes: Suspension of BIR audit during 2014 holiday season

Monday, December 15, 2014 - 10:23 p.m.

ALL field audit and other field operations of the Bureau of Internal Revenue pertaining to examinations and verifications of taxpayer’s books of accounts, records and other transactions are hereby ordered suspended from today, Dec. 16, to Jan. 4, 2015 through the issuance of Revenue Memorandum Circular No. 87-2014 issued last Dec. 5.

Buyers cautioned: Deal only with licensed brokers

Monday, December 15, 2014 - 10:22 p.m.

AS Cebu’s property sector continues to boom, the Cebu Real Estate Board Inc. (Cereb) reiterated its call to buyers to deal only with licensed brokers to protect their investments.

DOT 7 on track to hit target

Sunday, December 14, 2014 - 11:25 p.m.

DESPITE the calamities that hit the region, the Department of Tourism (DOT) 7 remains optimistic and on track to hit the goal of 3.6 million tourist arrivals for 2014.

Consumer confidence gets yearend boost

Sunday, December 14, 2014 - 11:20 p.m.

THE holiday bonuses and added income for this quarter have raised consumer expectations, the latest Consumer Expectations Survey of the Bangko Sentral ng Pilipinas showed.

145 large firms in Luzon sign up for ILP

Sunday, December 14, 2014 - 11:19 p.m.

AT LEAST 145 large companies in Luzon have pledged to run their standby generator sets this summer so that other consumers may have adequate supply of electricity amid a menacing power shortage, House Deputy Minority Leader and LPG-MA Rep. Arnel Ty said yesterday.

“Once the 145 firms drive their backup generators, some 603 megawatts (MW) of supply from the Luzon grid will be freed and available for use by smaller businesses and homes,” said Ty, a senior member of the House energy committee.

Dutch firm to introduce natural farming products

Sunday, December 14, 2014 - 11:19 p.m.

DUTCH company Koppert Biological Systems will boost its presence in the Philippines next year, a move expected to help revive the declining natural farming practice among Filipino farmers.

Asia Pacific area manager Bram Koppert said the company will make its products available in the Philippines through Allied Botanical Corp. (ABC) by the second quarter of 2015.

AMA Plaza opens in north

Sunday, December 14, 2014 - 11:18 p.m.

AMA Plaza on Alfonso Drive in Barangay Canamucan, Compostela recently inaugurated its building.

Owned by businessman and entrepreneur Allan M. Alfonso, AMA Plaza is the first condo-building to operate in Compostela and in northern Cebu, the company said in a press statement.

13th month pay deadline on Dec. 24

Sunday, December 14, 2014 - 10:45 p.m.

AS Christmas nears, the Department of Labor and Employment (Dole) 7 reminded employers to provide their workers with the mandatory 13th month pay on or before Dec. 24.

“Regardless of the nature of employment, status of employment, all workers entitled to 13th month pay, provided they have worked for at least a month,” Dole 7 Director Exequiel R. Sarcauga said in an interview Thursday. Part-time workers, he said, are covered.

Almirante: Contingent attorney's fees (Part 3)

Sunday, December 14, 2014 - 10:44 p.m.

COMPLAINANTS Josephine Solano and 10 others filed a complaint for illegal dismissal, monetary claims and damages against Podden International Philippines, Inc. (Podden) and respondent Alejandro Cruz-Herrera. They engaged the services of petitioner Atty. Emmanuel D. Agustin to handle the case upon the verbal agreement that he will be paid on a contingency basis, at 10 percent of the final monetary award.

‘For AEC readiness, see Cebu’

Friday, December 12, 2014 - 11:25 p.m.

IF there’s one thing the Philippines can do to prepare for the Asean Economic Community (AEC), it can take a look at Cebu’s industries, an economist observed.

CEB: 100 millionth passenger soon

Friday, December 12, 2014 - 11:24 p.m.

CEBU Pacific Air expects to fly its 100 millionth passenger soon, after 18 years of operations.

“This will be a significant milestone for the CEB team, and it is all thanks to the millions of passengers who have chosen to fly with us through the years. We are fortunate to be a part of their journeys. We look forward to serving the next 100 million, as we reach more destinations and enable more to fly,” said CEB President and CEO Lance Gokongwei.

Batuhan: Take the honorable way out

Friday, December 12, 2014 - 11:23 p.m.

MODERN sports takes the issue of illegal substance abuse very seriously. So seriously that it does not hesitate to punish its most illustrious superstars for the mistake of using performance-enhancing drugs.

13th month pay deadline on Dec. 24

Friday, December 12, 2014 - 11:22 p.m.

AS CHRISTMAS nears, the Department of Labor and Employment (Dole) 7 reminded employers to provide their workers with the mandatory 13th month pay on or before Dec. 24.

“Regardless of the nature of employment, status of employment, all workers entitled to 13th month pay, provided they have worked for at least a month,” Dole 7 Director Exequiel R. Sarcauga said in an interview Thursday. Part-time workers, he said, are covered.

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