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Filinvest Invests P16B in Ciudad BTO Project
The development of Ciudad will finally be realized after the Province of Cebu turned over Friday a parcel of the property to homegrown developer Filinvest Land, Inc. (FLI) through a build-transfer-operate (BTO) engagement. Cebu Gov. Gwendolyn Garcia and Tristan Las Marias, FLI president and CEO, formally kicked off the project in simple ceremonies onsite on […].....»»
Dusit Thani, Sheraton to build hotels in Cagayan de Oro
CAGAYAN DE ORO CITY (MindaNews / 24 March) — Two international hotel chains — Sheraton and Dusit Thani – are set to build hotels in this city, the third in Mindanao for Dusit Thani and the first in Mindanao for Sheraton. Dusit Thani operates two in the Davao region – Dusit Thani Residence Davao in Davao […].....»»
CLI allots higher capex, partners with Japan firm
Cebu Landmasters Inc. is hiking its capital spending to P14.5 billion this year as it gears up for growth and expansion following a strong financial performance in 2023......»»
Cebu Landmasters FY23 profit: P4.6-B (up 29%)
Cebu Landmasters [CLI 2.85 unch] [link] teased its FY23 performance at an analyst briefing where it revealed full-year net income of P4.6 billion (up 29%) and total revenues of P18.8 billion (up 20%)......»»
UNBL beats Sinulog Cup defending champs in opener
CEBU CITY, Philippines— The visiting United Negros Basketball League (UNBL) All-Stars shocked the Sinulog Cup defending champions, EGS, 74-60, in Bracket A’s opening game of the Sinulog Cup 2024 Basketball Tournament at the Cebu City Sports Institute on Tuesday, January 23, 2024. Former MPBL cager and Bacolod native John Rey Villanueva orchestrated UNBL’s upset win.....»»
Sinulog Cup 2024: Best commercial teams in VisMin clash for basketball supremacy
CEBU CITY, Philippines — Some of the best commercial basketball teams in the Visayas and Mindanao will vie for supremacy in the Sinulog Cup 2024 Basketball Tournament scheduled from January 23-27, 2024. The tournament will field six commercial teams from Cebu, Bacolod, Tacloban, Ormoc, and Marawi City, while two Cesafi member schools will join this.....»»
Rama unlikely to support proposal for another expressway, skyway in Cebu City
CEBU CITY, Philippines – It would be unlikely for Cebu City Mayor Michael Rama to support a plan to build another expressway or even a skyway here. Rama said that having a skyway, especially, would only destroy the city’s historical and heritage value. “We don’t need a skyway because that will only desecrate the value.....»»
Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town
CEBU CITY, Dec. 17 (PNA) — Cebu-based developer Primary Homes Inc. (PHI) is investing PHP430 million to build 709 townhouse units in its 5.4-hectare property in Poblacion, Compostela town in northern Cebu.........»»
Cebu to Have Integrated Bus and Sea Port Terminal at SRP with Private Sector Collaboration
Cebu Gov. Gwen Garcia has opened doors for any proposal from private companies that will partner with the provincial government to build an integrated and inter-modal transport terminal ideally at the South Road Properties. This means, that the new terminal will incorporate routes for Northern and Southern Cebu as well as a seaport for ferry […].....»»
Increased threshold announced at national developers confab
The Philippine Board of Investments has announced the increase of threshold price per housing unit eligible for government tax incentives from P2 million to P3 million during the National Developers Convention in Cebu City hosted by the Subdivision and Housing Developers Association. In addition to the increased threshold, the BOI has also extended the income tax holiday period from four years to six years. The extended threshold for tax incentives and the longer ITH period will provide developers with increased financial incentives, making it more attractive for them to undertake housing projects. With this year’s theme focusing on local development, SHDA national president Arch. Leonardo Dayao Jr. emphasized the steps SHDA is taking to empower the local housing sector by collaborating with Local Government Units. “Several developers of ours here are partnering with their different LGUs. We have one in Iloilo, Novaliches, so we have several developers already. The idea here is that we will partner with the local government who has the land so that we can help build and then make housing affordable,” Dayao said. “The reason why we have the convention yearly is to be able to assess where we are against the roadmap so that we know if we need to adjust strategies or we need to create new ones with the objective to be able to provide housing for each Filipino family,” SHDA national chairman Arlene Keh said. The post Increased threshold announced at national developers confab appeared first on Daily Tribune......»»
SM celebrates 65th anniversary with Super Fun Run
In celebration of SM’s 65th anniversary, employees from the SM Group of Companies, including SM Investments Corporation, SM Retail, Inc. and its affiliates, SM Store, SM Markets, SM Prime Holdings, SM Development Corporation and SM Supermalls, joined the Super Fun Run held last 22 October. SM employees joined the company’s Super Fun Run event held at the Mall of Asia complex last 22 October to celebrate SM’s 65th anniversary. (PHOTOS COURTESY OF SM) Over 13,000 employees consisting of around 6,895 employees from Metro Manila and 6,369 employees from the provinces simultaneously ran the 3K and the 6.5K distances at the Mall of Asia grounds and in 32 different venues nationwide, including Pampanga, Bacolod, Cebu, and Davao, to name a few. “Along with our employees, this SM Super Fun Run is a commemorative event to celebrate the 65th anniversary of the company. This event also brought the SM employees closer together,” shared Regina Naguit, senior assistant vice president for SM Retail and lead organizer of the Super Fun Run. The event, conducted in partnership with Runrio Events, Inc., also aimed to promote a fun and healthy lifestyle among SM employees and their families. The post SM celebrates 65th anniversary with Super Fun Run appeared first on Daily Tribune......»»
Vivant bullish on solar PV as viable RE source
Cebu-based Vivant Energy Corp., through its retail company COREnergy Inc., is banking on the potential of solar photovoltaic ventures to expand its renewable energy portfolio. Vivant Energy president and COO Emil Andre M. Garcia said in a press statement on Friday that there is a “particularly strong interest” in solar PV, a technology that can be a viable source of renewable energy in the country. “Interest in renewable energy sources has been increasing as more and more industries look for ways to future-proof their businesses. This is another step towards our goal to expand our RE portfolio by 30 percent by 2030,” Garcia said. RE development ventures announced This week, Vivant Energy announced two renewable energy development ventures — a 20-year power supply agreement with Samal Solar Renewable Energy Corp. or SSREC and a tripartite deal with Aboitiz Renewables, Inc. and Vena Energy to develop, build, and operate a 200-megawatt or MW wind project in the Visayas. According to Garcia, these developments will translate to better retail electricity services and solar and energy engineering solutions that will benefit consumers and business owners. COREnergy is a retail company that offers total energy solutions to commercial and industrial establishments. For this year, the company targets to add 18 MW of solar rooftop generation capacity. Last year, it contributed to the renewable energy target of the entire Vivant Group by growing its rooftop solar business from 2 MW to 6 MW. The post Vivant bullish on solar PV as viable RE source appeared first on Daily Tribune......»»
Vivant bullish on solar PV as viable renewable energy source
Cebu-based Vivant Energy Corp., through its retail company COREnergy Inc., is banking on the potential of solar photovoltaic ventures to expand its renewable energy portfolio. Vivant Energy President and COO Emil Andre M. Garcia said in a press statement on Friday that there is a "particularly strong interest" in solar PV, a technology that can be a viable source of renewable energy in the country. “Interest in renewable energy sources has been increasing as more and more industries look for ways to future-proof their businesses. This is another step towards our goal to expand our RE portfolio by 30 percent by 2030," Garcia said. This week, Vivant Energy announced two renewable energy development ventures — a 20-year power supply agreement with Samal Solar Renewable Energy Corp. or SSREC and a tripartite deal with Aboitiz Renewables, Inc. and Vena Energy to develop, build and operate a 200-megawatt or MW wind project in the Visayas. According to Garcia, these developments will translate to better retail electricity services and solar and energy engineering solutions that will benefit consumers and business owners. COREnergy is a retail company that offers total energy solutions to commercial and industrial establishments. For this year, the company targets to add 18MW of solar rooftop generation capacity. Last year, it contributed to the renewable energy target of the entire Vivant Group by growing its rooftop solar business from 2 MW to 6 MW. The post Vivant bullish on solar PV as viable renewable energy source appeared first on Daily Tribune......»»
ARI in troika to build Visayas wind project
Aboitiz Renewables Inc. or ARI, the renewable energy arm of Aboitiz Power Corp., Singapore-headquartered Vena Energy, and Cebu-based Vivant Energy Corp., have teamed up to develop, build, and operate a 200-megawatt or MW wind project in the Visayas. The project, dubbed as San Isidro Wind Power Project, will be built in San Isidro, a fourth-class coastal municipality in the Province of Northern Samar. It will be undertaken by the joint venture company that the parties formed called Lihangin Wind Energy Corp. Construction starts Q4 2023 As disclosed in the separate stock reports of ARI and Vivant Energy on Wednesday, which are both publicly listed companies, the wind plant will begin construction within the last quarter of the year. It is scheduled to be completed by early 2025. “We are excited to partner with Vena Energy and Vivant Energy so that together, we can contribute to the Philippines’ clean energy aspirations. This undertaking demonstrates ARI’s progress in growing its renewable energy capacity to 4,600 MW,” ARI president and chief operating officer James Arnold Villaroman. “Each of these investments is an important step to achieving a 50:50 balance in our renewable and thermal portfolios. We are very excited about these opportunities to contribute to the country’s energy transition journey,” he added. Meanwhile, Emil Andre Garcia, president and COO of Vivant Energy, reiterated that their undertaking will “bring us closer to the goal to expand our RE portfolio to 30 percent by 2030.” “We welcome this opportunity to partner with two leaders in renewable energy development who share our vision of helping the country attain energy security while promoting renewable energy and contributing to countrywide development,” Garcia said. Most diversified AboitizPower presently has the largest and most diversified local renewable energy platform in terms of installed capacity under its operational control. Currently, close to 1,000 MW of renewable energy projects — including wind and solar farms and more geothermal capacities — are in its pipeline. The post ARI in troika to build Visayas wind project appeared first on Daily Tribune......»»
100 Cebu City structures up for demolition
The local government of Cebu City announced on Wednesday that it is set to demolish around 100 structures along F. Vestil Road in Barangay Mambaling in the south and Barangay Talamban in the north to give way in the construction of the Cebu Bus Rapid Transit system. City Administrator Collin Rosell said the government will have to acquire 120 properties on both sides of F. Vestil Road and three properties in Talamban. About 100 families and property owners have to leave their homes but they were assured of compensation. The demolition plan was sent to the City Council as it should be endorsed for implementation. Rosell said the CBRT office will identify who among the property owners will be qualified to receive just compensation or housing relocation. Division for the Welfare of Urban Poor head Atty. Anthony Librando said areas affected are both commercial and residential. He added the affected owners have known that they must vacate their properties since public hearings were already conducted two years ago. Librando said the relocation site lot will be purchased by the city government while the National Housing Authority will build a medium-rise building for qualified affected residents. The proposed relocation site will be along Alviola Street, Barangay Tejero. The post 100 Cebu City structures up for demolition appeared first on Daily Tribune......»»
R-II Builders marks 35 years of excellence
It was a night of memories, music, laughter, and optimism when Quadruple A and Platinum-accredited construction conglomerate R-II Builders, Inc. marked its 35th anniversary at the Obispado de Cubao in Quezon City on 8 September. Chairman of the Board Reghis M. Romero II led the celebration, looking back to the day he serendipitously founded the company on the Nativity of the Blessed Virgin Mary with a commitment to excellence. [caption id="attachment_182218" align="aligncenter" width="2560"] Engr./Retired MGen Gerardo P Catindoy outlined the big-ticket projects of RII Builders Inc. that ushers in its 35th year and beyond.[/caption] “To be part of this organization, we have to exceed our expectations,” he said in his speech, affirming the company’s commitment to build better lives for the nation. [caption id="attachment_182220" align="aligncenter" width="2560"] Dr. Reghis M. Romero II offered the toast for more productive years ahead for RII BUILDERS Inc.[/caption] “Ang Pilipino ay isang dakilang lahi. Kayo ang Pilipino, kayo ang dakilang lahi (Filipinos are a great race. You are the Filipinos, you are the great race).” [gallery columns="2" size="full" ids="182210,182211"] R-II Builders president, retired Major General and now Engineer Gerardo P. Catindoy, announced that the company would soon implement “mega infrastructure projects” worth P218 billion. “That’s ten times more than what we have implemented in 35 years,” he said. [gallery columns="2" size="full" ids="182214,182219"] These undertakings include a project with the Metro Rail Transit, the Canlubang-Bay bypass road and development project, and the Cebu agro-industrial and reclamation project. Romero was also recognized as among the company’s four pillars. Engineer Edmond Q. Sese, Engineer Victor S. Songco and Reghis “Red” Romero III were the three others. [caption id="attachment_182216" align="aligncenter" width="2560"] Mark Roy Boado, RII Builders Vice President for Business Development and Community Relations welcomed the guests, officials’ and guests of RII Builders Inc.[/caption] Sese served as president during the company’s birth-pain years, from 1990 to 1999, while Romero III took the leadership reins from 2005 to 2006. “Let us toast to signify our commitment to build better lives. Cheers to everybody!” Romero said. The post R-II Builders marks 35 years of excellence appeared first on Daily Tribune......»»
Piso sale!
Cebu Pacific, the Philippines’ leading carrier, is giving every Juan an early Christmas gift as it brings back its trademark Piso Sale in time for the BER months. From 7 to 10 September, CEB travelers can book their flights to select domestic destinations including Bacolod, Cebu, Iloilo, Kalibo, and Laoag, and international destinations such as Ho Chi Minh City, Macau, Seoul, Singapore and Taipei for as low as P1 one-way base fare, exclusive of surcharges and other fees. The travel period will be from 1 April to 31 August 2024, allowing passengers to book ahead and score value-for-money fares. Aside from the Piso Sale, the airline is also offering a special 27-percent discount on CEB Transfers for all its routes serving Boracay, making travel to one of the world’s best island resorts much easier and more affordable. CEB currently flies to Boracay eight times daily from Manila, twice daily from Cebu, and six times weekly from Clark. CEB pioneered its trademark Piso Sale as early as 2004. Since then, many Filipinos have been able to fulfill their travel dreams and explore various local and international destinations through the airline’s signature promo. Passengers may use their existing Travel Funds to book flights and avail themselves of add-ons. CEB also offers multiple payment options, including payment centers, credit or debit cards and e-wallets. CEB currently flies to 35 domestic and 24 international destinations, spanning across Asia, Australia, and the Middle East. The post Piso sale! appeared first on Daily Tribune......»»
DENR begins crackdown on illegal lead smelters
The Department of Environment and Natural Resources reported Thursday that it has started its crackdown on illegal recyclers of used lead acid batteries as directed by Malacanang, following reports of harmful and unregulated smelting of lead in several provinces. DENR Assistant Secretary for Field Operations Gilbert C. Gonzales said his office has already coordinated with the regional offices concerning operations of illegal lead smelters that are treating ULABs, while the Environmental Management Bureau has also directed its regional offices to conduct surveillance and monitoring in their respective areas of responsibility. Gonzales said this was in response to the order of the Office of the President to the agency to look into the report of Federation of Philippine Industries Chairman Jesus L. Arranza that illegal lead smelters are now operating without the necessary government permits in Valenzuela, Bulacan, Pampanga, Tarlac, Cavite, Cebu, Bacolod, and Davao. Gonzales added that ULAB recyclers and lead smelters need to secure the “necessary environmental permits such as an environmental compliance certificate, discharge permit, permit to operate, and registration certificate as a treatment, storage, and disposal facility.” With this, the EMB has vowed to immediately conduct: Field verification of ULAB processing facilities to validate compliance, as well as saturation drives to identify individuals and establishments engaged in the illegal processing of ULABs; Enhanced information education campaign to encourage the public to report illegal ULAB processing activities; Intensified monitoring of junk shop operations engaged in the trade of ULABs in coordination with local government units; and exploration of potential collaboration with accredited ULAB treaters for the establishment of an incentives program for the general public who will be able to provide credible information that will lead to the successful identification of individuals and establishments engaging in illegal processing of ULABs. Arranza commended lawyer Rodolfo John Robert C. Palattao IV, Undersecretary for Legal and Monitoring at the Office of the President, and the DENR’s EMB and Field Operations for their immediate action in addressing the problem. “We at the FPI are confident that with the directive from Malacanang and swift action from the DENR, we will start seeing in the coming days successful raids and closures of these illegal ULAB recyclers and lead smelters, as well as the prosecution of their operators. We will now coordinate with them so we can provide any assistance that they will necessary,” Arranza said. He disclosed that the FPI was provided with photos and videos showing how these illegal lead smelters are operating facilities that are shabby and ill-equipped to be able to handle the hazardous materials where they are deriving their secondary lead. Arranza said these lead smelters do not have adequate anti-pollution systems and proper disposal facilities for the acids and other chemicals. The post DENR begins crackdown on illegal lead smelters appeared first on Daily Tribune......»»
Best places to hold team building activities
CEBU CITY, Philippines— In a company, get-togethers are one of the most talked about activities. Whether it’s a simple potluck at the office or karaoke nights, getting together with colleagues is always fun. But aside from having fun, the unit should also build camaraderie between them through team building activities. Exciting, right? One of the The post Best places to hold team building activities appeared first on Cebu Daily News......»»
RFO Home to Go promo offers easy home ownership
The RFO (Ready-For-Occupancy) Home to Go promotion, launched by Amaia, simplifies home-buying. One benefit of investing in an RFO unit is that prospective buyers can examine the home’s aesthetic first-hand since the unit is already entirely constructed. Also, customers can see the existing community vibe before purchasing. Most RFO homes already have amenities like swimming pools and basketball courts, which residents may readily enjoy. Since the unit is entirely built, buyers can immediately move in, while investors can rent out the unit sooner and get a faster return on their investment. Recognizing the importance of affordability to aspiring property owners and given that each person’s financial requirements and resources are unique, Amaia has partnered with reputable banks such as BPI (Bank of the Philippine Islands) and CTBC (Chinatrust Commercial Bank) to provide several convenient payment options. Since clients may select the plan that best conforms to their budget, they can begin their homeownership journey without financial stress. Amaia’s RFO units are located amidst both the hustle and bustle of the city and the serenity of the suburbs. Project locations include condos in Alabang, Sucat, Cubao, Shaw, Altaraza (San Jose del Monte), Pasig, Mandaue (Cebu), Capitol Central (Bacolod); townhouses in Novaliches, Vermosa (Imus) and Nuvali (Calamba); and house and lot units in General Trias, Cabuyao, San Pablo, Lucena, San Fernando, Cabanatuan, Capas, Urdaneta and North Point (Bacolod). Amaia’s RFO Home To Go is the ideal solution for people looking for a simple and quick path to homeownership. It offers immediate occupancy, significant discounts, affordable payment plans and many projects. The post RFO Home to Go promo offers easy home ownership appeared first on Daily Tribune......»»