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U-BIX Chairman and CEO Edilberto B. Bravo: The King of Hearts (and Paper)
On paper, U-BIX founder, Chairman, and CEO Atty. Edilberto B. Bravo is intimidating. Prior to our round-table interview, this writer was given pages of materials about the man, his family, and the legacy he has built, transcending the paper and copier business he started in 1968 with his wife, Dr. Felina Bravo......»»
Nuke developers call to set competitive playing field
Government regulators are now urged to prioritize the establishment of a level-playing field to entice developers to pour in massive capital for the development and integration of nuclear power into the country's electricity grid. During the second nuclear energy roundtable talks between the Philippines and Canada on Tuesday, Felino Bernardo, chief operating officer of Aboitiz Power Corp.'s Thermal Business Group, emphasized the need for well-coordinated industry policies to help kick off local nuclear adoption. "I think it will start with the amendment or the passing of laws in the Lower House. Once done, it requires setting up the regulatory body, and for that regulatory body to build its capability and come up with regulations, policies, and guidelines for us developers to follow," Bernardo said. "The DoE (Department of Energy) has to come up with the right signal for developers to come up with their plans to make sure that we build accordingly," he added. Coordinated deals Bernardo noted that nuclear power plants, whose operations can last as long as 80 years, require a different set of policies for power deal contracts. "That is quite different from what we have now. The current CSP (Competitive Selection Process) policies are only for 15 years. Now, nuclear power plants can live as long as 40, 60 years, and some probably 80, so you have to match the two," he explained. According to Bernardo, nuclear power, particularly the small modular reactors, "have a place in our economy because we need all of them and we will need a lot of them." He, however, noted that developers need to make sure that they can deliver nuclear power safely. Aboitiz Power Corp., the holding company for energy-related investments of the Aboitiz Group, previously announced its exploratory discussion with Ultra Safe Nuclear Corp., an American firm that can potentially help the company’s local nuclear energy development. The forum yesterday served as a platform for industry experts, policymakers, and leaders to collectively deliberate on the significant questions and concerns related to the transition to nuclear energy. It covered the determining mechanisms for transition financing, assessing the commercial viability of nuclear energy, and exploring the potential for retrofitting and upgrading existing plants to be nuclear-capable. Congress support Meanwhile, Energy Secretary Raphael Perpetuo Lotilla reiterated that the government would need the support of Congress in ratifying a law that would help jumpstart nuclear development. Pending the law, Lotilla pointed out that the DoE and all other concerned government agencies are actively looking out for possible sites where a nuclear power plant can be built. To recall, the House Nuclear Energy Committee approved a consolidated substitute bill last March that seeks to comprehensive atomic regulatory framework and establish the Philippine Atomic Regulatory Commission. Since the government is prohibited from taking on power generation endeavors, the DoE has also tapped the National Economic and Development Authority to work on the private sector’s participation in nuclear development. The post Nuke developers call to set competitive playing field appeared first on Daily Tribune......»»
Fil-Am director ready to take on Hollywood with ‘sweeping drama’
While the feverish Hollywood actors’ strike is still ongoing, Filipino-American filmmaker Gerard Pizarro is undaunted. The lawyer-turned-director is currently scouting cast members in the Philippines and LA for his ambitious Hollywood limited television series called Mt. Samat. Pizarro may not be a household name, but the passionate Fil-Am director has been winning awards in the American film circuit for a decade now. Pizzaro’s Mt. Samat has been described as a “sweeping drama of an orphan who rose to riches and wealth amidst time-worn wars and generational family feuds.” Mount Samat, also known as the Dambana ng Kagitingan, is a shrine located in Pilar, Bataan built to honor the gallantry of Filipino and American soldiers who fought against the Japanese army during World War II. But Pizzaro’s Mt. Samat will be based on the 2021 biographical novel The Man Behind the Uniform, penned by his own father, Tony Deleon Pizarro. The inspiring story will focus on Pizzaro’s father pursuing the American Dream beginning in Bataan, in the midst of war. It is undoubtedly a big project, as the rags-to-riches story will be backdropped by historical events — a period drama that aims to cast the best Filipino actors, as well as actors from Hollywood. Pizzaro, who said his favorite actor is Sean Penn, studied for four years at the American Conservatory Theater. “And I think my training as a lawyer, we did a lot of listening and observing, we watched,” so he intends to use those skills in casting and directing his film. Big marketplace Mt. Samat will be pitched at the American Film Market on 31 October. The AFM is an eight-day film industry event held each year at the Loews Santa Monica Beach Hotel. It’s a big marketplace for the film business, with more than 7,000 participants from 70 countries who attend to network, sell, finance and acquire films. [caption id="attachment_200914" align="aligncenter" width="1694"] ‘BLOOD on Canvas,’ Pizarro’s 2013 drama-thriller film, bagged awards at various film festivals. | PHOTOGRAPHS COURTESY OF Pizarro Creatives[/caption] Even with Mt. Samat set to be pitched at the AFM to attract film buyers, it is currently being produced with a pilot episode that will open in 1941 with the Japanese invasion of the Philippines. It will then unfold into a dramatic family saga, following the older Pizzaro’s experiences in Bataan before migrating to the United States in 1959 and his struggles as an immigrant before finding success. Aside from the American Conservatory Theater, Pizarro also obtained training from the San Francisco Film School and the USC School of Cinematic Arts. His 2013 drama-thriller Blood on Canvas, starring Kristen Doute and Stephen DeWitt White, bagged awards at various festivals, including Best Feature at the Michigan Film Awards and Best Thriller at the Honolulu Film Festival, and recognition at the Golden Ace Awards and Las Vegas Festival. The post Fil-Am director ready to take on Hollywood with ‘sweeping drama’ appeared first on Daily Tribune......»»
Metrobank gets global recognitions for exceptional performance
Built on trust, Metropolitan Bank & Trust Co. has been recognized as the Strongest Bank in the Philippines by The Asian Banker for the third straight year and the Best Domestic Bank in the country by Asiamoney. This attests to the Bank’s strength and reliability in putting its clients in good hands. The Bank gained these prestigious international recognitions from The Asian Banker and Asiamoney for its consistent strong financial performance across the board. In the first half of 2023, Metrobank maintained a strong 34 percent growth in net income of P20.9 billion, fueled by the Bank’s expanding assets, enhanced margins, and robust fee income growth while sustaining a stable asset quality. One of the World’s Best Companies On top of these awards, the Bank was also listed by TIME Magazine and Statista as one of the World’s Best Companies. The “World’s Best Companies” is a comprehensive list that ranks top performing companies across the globe based on employee satisfaction, revenue growth, and sustainability. “We’re honored to receive these back-to-back recognitions, especially as we celebrate the Bank’s 61st anniversary. At Metrobank, we always strive for excellence — whether it be in addressing our clients’ needs, achieving exceptional financial performance across our business, or contributing to nation-building. These awards are testaments to the steadfast commitment and relentless drive of each Metrobanker to keep Filipinos in good hands,” said Metrobank president Fabian Dee. Reliable partner through Filipinos’ financial journey For decades, Metrobank served as a reliable partner for Filipinos throughout their life journey — providing them financial services and guidance that are tailor-fit to their needs, even as they now navigate a modern and digital world. But before offering them a product or a service, every Metrobanker ensures that their clients fully and clearly understand the financial products and services they will avail of. The Bank’s mission to enable Filipinos throughout their financial journey goes beyond simply offering relevant solutions. Despite its financial success, the Bank’s priority and advocacy is to educate Filipinos first as they step into their financial journey. This is to make sure that every client makes a fully-informed financial decision and know how to protect themselves against fraud. This is made evident through Metrobank’s sustained financial education efforts — designed to equip Filipinos with reliable financial advice, fit for every life stage. In 2022, Metrobank introduced a comprehensive personal finance e-book developed to help Filipinos to become financially resilient. Meanwhile, the Bank’s Earnest app aims to simplify investing, through bite-sized lesson cards and easy-to-understand articles that cover basic investing concepts. For more advanced investors, there is Wealth Insights, an online portal that contains publicly accessible market-moving news and insights, as well as exclusive premium content that includes bespoke articles which dive deep into timely and actionable investment ideas. Meanwhile, Metrobank provides its clients with regular reminders and guidance to protect themselves against fraudulent transactions via SMS, emails, and social media posts. Today, Filipinos can easily start their financial journey by going to Metrobank’s hundreds of branches nationwide or digitally via the Earnest app. Those aiming to further grow their funds through investments can do so with Metrobank’s Online Time Deposit, which offers an interest rate of up to 4.5 percent, or through Metrobank’s wide-range of unit investment trust funds (UITF). With its commitment to give customers a safe, simple and secure experience on the NEW Metrobank app, the Bank recently introduced its interoperable QR feature, which allows on-the- go clients to enjoy more convenient fund transfers to and from other banks and e-wallets. Meanwhile, clients who are ready for a life upgrade - be it a new car or their dream home, can avail of Metrobank’s home and car loan offers with affordable rates and flexible payment terms. Growth partner for businesses Metrobank’s services transcends from customers to enterprises. When Metrobank was founded in 1962, it was primarily built to be a bank for businesses. Over six decades later, the Bank continues to stay true to its roots by offering a full suite of best-in-class financial solutions designed to serve enterprises of all sizes — from SMEs to large corporations based here and abroad. The post Metrobank gets global recognitions for exceptional performance appeared first on Daily Tribune......»»
Bayani Fernando, a true public servant (1)
On 22 September 2023, in a freak and unfortunate accident, the country lost a man who spent much of his life in dedicated public service. Bayani Fernando, a popular, beloved three-term mayor, a two-term Congressman of Marikina, a few months Secretary of Public Works, and an eight-year Chairman of the Metropolitan Manila Development Authority, passed away at age 77, creating a vacuum in the kind of leadership exercised by, unfortunately, a few public servants. In a toxic atmosphere of politics, his entry into public service was a refreshing gust of wind. Putting aside his business interests (he founded the BF Group of Companies, engaged in construction, steel, manufacturing, and real estate), he plunged head-on to an unfamiliar terrain. He lost in his first try and emerged victorious in his second. Thereafter, he carved a name for himself as a strict, disciplinarian and creative Mayor of Marikina for three consecutive terms. He has become a legend in local administration. He transformed Marikina from a 4th class municipality to a model city of cleanliness and orderliness, receiving citation after citation in different fields of endeavor. As Mayor, he launched a crusade against all forms of transgressions of law. He stopped illegal vending and destroyed the confiscated food and merchandise to show he meant business. He instilled discipline among the employees. He made the dirty and odorous public toilets in City Hall look and smell like hotel restrooms. He re-settled the informal settlers, not by transferring them to other cities but by providing them with lands and shelter inside the city. Bayan as he is called by his pretty and equally dedicated public servant wife, Marides Carlos- Fernando, dredged the Marikina River of filth and garbage, developed the banks into flood control outlets, and converted both sides of the river as a park. He commenced massive repairs and cementing of roads. He built an efficient drainage system and created sidewalks all over Marikina. He established health centers in the barangays. He enforced the law on everyone, exempting no one. He removed illegally parked vehicles and enforced traffic rules strictly. He made the public market clean and stalls orderly and sectionalized. Garbage was regularly collected. Public service became efficient and prompt. Employees were courteous and sported smiles as they rendered service to Marikeños. Under his watch, the economy of Marikina grew. His other half, a UP product, from whom he derived his inspiration to serve faithfully Marikina, continued the caring Fernando kind of governance. He brought his creative and authoritative leadership as Chairman of the Metropolitan Development Authority to Metro Manila. He brought back the sidewalks to the pedestrians, which were invaded by vendors selling their wares. He forcibly evicted squatters along the railroad tracks, esteros, and those living under the bridge. He made innovative projects that dramatically lessened the chaos that used to vex Metro Manilas. He improved on the nightmarish traffic congestion. He introduced the U-turn slots and constructed food bridges that made crossing the streets convenient and safe. He was a hands-on government worker, ensuring the projects he initiated ran smoothly, and those implementing them were on their toes. He didn’t back down from pressures and resistance coming from powerful politicians and businessmen. He didn’t leave anything to chance or rely on the people he tasked to do a particular job. He had to be there inspecting, correcting, and innovating on anything he put his mind to. Tragically, this admirable character trait brought him to his demise. (To be continued) The post Bayani Fernando, a true public servant (1) appeared first on Daily Tribune......»»
The Murdoch business: an empire on three continents
Over the last six decades, Rupert Murdoch built a media empire well beyond his native Australia, amassing key media properties across three continents in a run that was also characterized by multiple scandals. Through his companies, News Corp and Fox Corporation, Murdoch built one of the world's most substantial portfolios of newspaper and broadcast holdings under one roof. Murdoch's wealth was estimated at $17.3 billion by Forbes on Thursday when he announced he was handing the reins to his son Lachlan while shifting to an "emeritus" status at the two companies. Here is a closer look at the two businesses. News Corp The business includes Murdoch's holdings in his birth country of Australia -- led by The Australian, the lone national daily started by Murdoch in 1964. The company also owns Australia The Daily Telegraph and news website News.com.au, as well as television station Sky News Australia and pay television company Foxtel. Murdoch's initial investment in Britain came in 1969 with the purchase of the tabloid News of the World, which was shut down in 2011 following a phone hacking scandal. In 1981, he purchased the prestigious daily The Times, along with The Sunday Times, adding to a print news business that also included The Sun. Holdings in radio and television included talkSPORT, TalkTV, and Virgin Radio UK. News Corp is also present in Ireland with local radio stations. Murdoch's push in North America dates to 1985 with his purchase of the New York Post. In 2007, News Corp landed a major acquisition of the media group Dow Jones, whose holdings include the long-respected Wall Street Journal. The company in 1987 added the publishing house HarperCollins, which originally dates to 1817. HarperCollins bought romance publisher Harlequin in 2014. News Corp also controls Rea Group, which specializes in commercial and residential real estate through websites such as realtor.com and flatmates.com.au. In fiscal 2023, News Corp reported profits of $149 million on revenues of $9.9 billion. Fox Corporation In 1984, Murdoch acquired 20th Century Fox, an entity he reorganized and remade. In 2017, he sold the movie studio, renamed 21st Century Fox, to Disney. Fox Corporation is now comprised of the national television channel Fox and several cable channels, as well as Fox News, which is known for a right-wing spin on news popular with conservative Americans. Other holdings include the entertainment news network TMZ, as well as Studio Ramsay Global, which features British celebrity chef Gordon Ramsay and the MasterChef franchise. In fiscal 2023, Fox reported profits of $1.3 billion on $14.9 billion in revenues. The post The Murdoch business: an empire on three continents appeared first on Daily Tribune......»»
Starbucks opens $220 million plant outside Shanghai
US coffee behemoth Starbucks opened a $220 million development outside Shanghai on Tuesday, a sign established multinationals are still looking to China for growth despite its faltering post-Covid recovery. A survey released Tuesday by the American Chamber of Commerce in Shanghai reported optimism among US businesses in China was at a "record low", mainly blaming the sluggish economy and Washington-Beijing tensions. But Starbucks' "Coffee Innovation Park", which includes a roasting plant and distribution center, is the largest investment the company has made in any such project outside the United States, a news release said Tuesday. "Starbucks' best days are ahead in China," a spokesperson for the company told AFP by email when asked to comment on business sentiment in the country. "As Starbucks' largest and fastest-growing international market, we will continue to deepen our investment and reinforce our unwavering long-term commitment to the China market," CEO Laxman Narasimhan was quoted as saying in the release. Narasimhan visited China in May, when he met the mayor of Shanghai, according to state media. His trip took place as other CEOs of major multinational companies flocked to the world's second-largest economy to shore up business support post-Covid -- including Apple, Tesla, JP Morgan, and General Motors. Starbucks declined to give further details on the visit when asked. The company has more than 6,500 coffee shops in more than 250 Chinese cities and says that a new store opens in the country every nine hours. The new Coffee Innovation Park has been built to serve the company's China stores exclusively, the company said, with some beans used coming from southern Yunnan province. The post Starbucks opens $220 million plant outside Shanghai appeared first on Daily Tribune......»»
Chronic bureaucratic lapses
The entire bureaucracy suffers from serious lapses. Let’s borrow the phrase, “seven deadly sins,” as a handle to better understand how they indicatively fail to inform public policy on what government “should do or should not do,” to wit: First: “Tight fiscal space.” A little over 60 percent of GDP (gross domestic product) is reserved for foreign lending institutions with which the country has huge borrowings. Consequently, the government has to make do with the remaining less than 40 percent in terms of public spending. It’s no urban legend that about 45 percent of these allocable public funds is siphoned off due to massive corruption across all levels of government. Second: “Good governance.” The term, as often used, is an oxymoron. Whenever presidential appointees in any line department, agency, or bureau introduce reforms or new management ideas into state affairs, it’s unfortunate that outcomes and impacts go in the opposite direction — or bad governance overshadowing good. Isn’t it a paradox that the “top brass” of the Manila International Airport Authority were dismissed by the Ombudsman even as key stakeholders and captains of industry (i.e., the Makati Business Club) vetted and vouched for their performance par excellence on the job? Contrivedly, a purely management issue just shouldn’t be within the purview of the Ombudsman. For another, how is it that the housing program has become too costly for the government? Reportedly, P36 billion in interest is accrued by the government every year if one million houses are built. With a target of three million houses, the onerous interest is pegged at P100 billion every year, a “sunk cost” that the economy can ill afford to sustain. Why even start a program that demands that humongous amount of interest on a year-by-year basis? Third: “Street-level bureaucracy.” Nearly the whole range of public affairs appears to be manned by those we can compare to a typical traffic enforcer, gate guard, or utility aide, who, if given a chance to exercise a little authority, tend to behave as their actuations come directly from above. Fourth: “Tax hike.” Some strange mathematicians in Congress thought of taxing vehicles per kilo of weight, coupled with jacking up taxes on vehicle users by as much as 90 percent. Worse, how can there be an increase in the road users’ tax – year in and year out? Fifth: “45 seconds turnaround time.” This is the kind of rhetoric that rests on the “big bluff” or what one legislator calls a “promissory note,” or the carrot, to get what they want in their agency budgets. Scenes like offloading, missed flights, and logjams would never be a thing of the past since the Bureau of Immigration operationalized its new set of guidelines that are essentially racist, if not anti-poor, against outbound Filipino travelers, while sparing foreign travelers. Sixth: “Privatization overdrive.” There’s a dangerous pattern or trend of government aiming to privatize the Ninoy Aquino International Airport, all 45 casinos of PAGCOR, some mass transport systems (e.g., LRTs), and the toll expressways. Whether or not this privatization track is driven by the “gospel of efficiency” is another story. More likely, it’s because it opens doors to raising “windfall capital” and making available “alternative investments.” Seventh: “Multiple allotments.” As if a mere afterthought, there are “double entries,” even multiple ones, in the National Expenditure Plan that bloat the budget and such entries by various agencies even insulate them from any accountability. This explains why what is budgeted — twice or thrice — cannot be disbursed over and over again, not to mention the perennial failure of most line departments to fully utilize their budgets. In the voluminous General Appropriations Act the President signs, every budget cycle has become a “hiding place” for public funds that only trained eyes can declassify as “significant others,” for lack of a better term. It isn’t remote to say that when an agency prepares its budget, it knows under which item in its “shopping list” the money is. The post Chronic bureaucratic lapses appeared first on Daily Tribune......»»
King Charles to descend Champs-Elysees on France trip
Royalty fans will get a glimpse of Britain's King Charles III and Queen Camilla as they descend the Champs-Elysees avenue in Paris on Wednesday at the start of a state visit, the French presidency said Friday. At around 3:00 pm (1300 GMT) on the opening day of the three-day trip, the royal couple, accompanied by President Emmanuel Macron and his wife Brigitte, will attend a ceremony in memory of World War I and lay a wreath at the Tomb of the Unknown Soldier under the Arc de Triomphe landmark in the French capital. Charles will then share a car, marked with the French Republic's insignia, with Macron to travel down the Champs-Elysees, as will Camilla and the French first lady, but in a separate vehicle, Macron's office said. Charles III and Macron will then meet for a one-to-one discussion at the Elysee Palace. Topics are to include biodiversity, climate change, and a November summit in Britain on artificial intelligence (AI), as well as the situation in the Sahel region of Africa and the war in Ukraine, the presidency said. Both couples will get together in the evening for a state dinner at the Versailles Chateau on the outskirts of Paris. The late Queen Elizabeth II and Prince Philip had lunch at Versailles during their first state visit to France in 1957. Charles is "appreciative of the idea of walking in his mother's footsteps", Elysee said. The choice of Versailles, a royal residence built by French king Louis XIV now owned by the French Republic, was also an opportunity "to make France shine" through one of the country's most-visited monuments, the presidency said. Up to 180 people will be invited to the dinner in the Hall of Mirrors -- 73 meters (240 feet) long and adorned with 357 mirrors -- that was built to illustrate Louis's absolute power and dazzle visitors. Swedish violinist Daniel Lozakovich will perform on the night. On Thursday, Macron and Charles will pay a visit to the Notre-Dame Cathedral, currently under restoration following a 2019 fire that destroyed its roof, and will also go to the Museum of Natural History to meet business leaders and talk about biodiversity. Queen Camilla and Brigitte Macron meanwhile will present a new French-British literary prize to be awarded for the first time next year. They will also travel to the northern suburb of Saint-Denis, home to a large ethnic minority population, and visit a center for fashion crafts founded by celebrity house Chanel in the up-and-coming 19th district of the capital. The royal couple then travels on to Bordeaux, southwest France, to conclude the visit that was originally scheduled for March but got postponed because of unrest in France over Macron's controversial reform of the French pensions system. The post King Charles to descend Champs-Elysees on France trip appeared first on Daily Tribune......»»
ROLLING WITH THE PUNCHES — Mananquil emerges as Phl boxing’s top power broker
When boxing promoter-manager Jim Claude Mananquil is not attending to his stable of fighters, he can be seen just before daybreak minding his family’s tuna export business in General Santos City. “This is what keeps my boxing promotion going,” said the 29-year-old Mananquil, who started promoting at the tender age of 15. Of course, Mananquil didn’t have the proper license to put up fights owing to his being a minor and somebody with a license had to pose as the promoter-on-record. But it was he who assembled all the fighters and took care of the finances, quite a feat for someone whose main weapon for staging a card was his unparalleled love for the fight game. Instead of celebrating, Mananquil had to endure 16 straight losses as most of his boxers — though solidly built — were all as raw and green as a harvested broccoli. “We got kids who had muscular bodies thinking that they would do well in the ring. But everyone lost and I was devastated,” recalled Mananquil, who manages two-belt world super-bantamweight Marlon Tapales. Born and bred in General Santos City, Mananquil fell in love with the fight game at an early age. “I looked up to, of course, Manny Pacquiao, Floyd Mayweather and Zab Judah,” he said. Mananquil didn’t just like boxing. He was so obsessed with the sport that he even wanted to proceed with a professional career after a triumphant debut in 2018. “But my mom objected and told me to just get involved in boxing as long as I don’t fight.” Mananquil was already busy promoting even before he turned 20 and in just a few years he was crisscrossing the United States accompanying his boxers signed up to see action under different promoters. At one time, his boxers set up camp in Miami under a Florida-based Cuban trainer but soon found himself relocating to southern California and Las Vegas with influential American fight guy Sean Gibbons lending a hand. Just a few months ago, Mananquil had two reigning world champions: Tapales and Melvin Jerusalem. But Jerusalem’s reign as World Boxing Organization minimumweight titlist was short-lived. After winning the World Boxing Organization 105-lb title in Tokyo in January, he surrendered the championship in Indio, California, several months later. Following Jerusalem’s loss, Mananquil is now left with Tapales, who is being groomed to figure in a megabuck matchup with Japanese Naoya “Monster” Inoue sometime in December. “My responsibility is to give Marlon the very best preparation so he can win this very important fight,” Mananquil said. The odds are stacked against the southpaw but Mananquil swears nothing is impossible. ‘It’s a tough decision but I really love boxing.’ Whether that multi-million dollar showdown happens or not will be known in the coming days and weeks as both camps are going to hold another round of talks very soon in the hopes of putting a deal in place. The youngest of three kids, Mananquil admits he is torn between the family business and boxing. And if somebody’s going to put a gun to his head, Mananquil would not hesitate to make his choice. “It’s a tough decision but I really love boxing.” Coming from a well-to-do family, Mananquil went to five schools during college. Once, he tried studying in America but went home after just a few weeks, saying his heart was not there. Back in the Philippines, Mananquil enrolled at Ateneo de Davao University, Enderun College and even tried schooling in a small college in General Santos City. Likewise, he went to school at Bonifacio Global City in Taguig but wound up backing out for the nth time and returned to General Santos City. He was always on-the-go. But one thing’s clear, though. Mananquil insists his first and only love is boxing. And if that big fight down the road happens in Tokyo before the end of the year, Mananquil says that would end up becoming the highlight of his young career provided his fighter emerges victorious. But in the meantime, Mananquil will continue to look after the tuna business in the morning to assure that boxing gets the sustenance it badly needs. Right now, Mananquil is rolling with the punches as the family business and boxing seem to be blending well. And if things fall into place, there could come a time when Mananquil won’t even have to be forced to sacrifice one but winds up mastering both. The post ROLLING WITH THE PUNCHES — Mananquil emerges as Phl boxing’s top power broker appeared first on Daily Tribune......»»
New eco-friendly health center improves lives in Pastrana, Leyte
Procter & Gamble Philippines, the leading consumer goods manufacturer of health and hygiene products such as Safeguard, Tide, Joy, Head & Shoulders and Oral-B, recently completed the construction of an eco-friendly health center in Pastrana, Leyte to ensure the community has access to quality health services. This marks the second health center P&G has built in partnership with Habitat for Humanity Philippines, as part of its commitment to highlighting the importance of health and hygiene among Filipinos. "The new health center will greatly improve access to basic essential healthcare for our residents, making a profound impact on our community's well-being. We sincerely appreciate P&G's unwavering support and commitment to enhancing the lives of Filipinos by promoting the importance of health and hygiene," said Maritess Marcos, mayor of Pastrana. “This project empowers vulnerable sectors, including women, children, persons with disabilities and senior citizens by addressing health, hygiene and sanitation challenges while giving them access to health services,” she added. The health center is built using eco-bricks made from 64 kilograms of plastic waste produced by the Homeowners Association of North Tacloban Eco-Hub in Kawayanville, Tacloban. The center, equipped with essential medical equipment and facilities, serves as a vital resource for approximately 1,100 individuals, catering to their healthcare needs and giving access to proper pre- and post-natal care for pregnant women as the center features accredited birthing, labor and treatment rooms. "We are grateful for the support of partners like P&G in providing much-needed health centers for Filipinos in rural areas. The community in Pastrana can now have improved access to quality health care and services," said Lala Baldelovar, chief development officer of Habitat for Humanity Philippines. For over 87 years, P&G has remained steadfast in its dedication to supporting Filipinos by promoting health and hygiene through its products, partnerships, business and investments. In April 2021, P&G built its first health center in partnership with Habitat for Humanity in Marilog, Davao to improve the lives of nearly 2,000 individuals in Barangay Baganihan by implementing a comprehensive health and WASH (Water, Sanitation and Hygiene) program. The project also focused on educating marginalized and vulnerable groups about health, hygiene and sanitation. In addition to training sessions and workshops, P&G also provided hygiene kits containing its trusted products from well-loved brands such as Safeguard, Tide and Whisper to promote proper hygiene. The post New eco-friendly health center improves lives in Pastrana, Leyte appeared first on Daily Tribune......»»
Salmon, Oradian seal partnership serving unbanked Filipinos
Oradian has included fintech innovator Salmon in its roster of valued customers, providing expertise by adopting Oradian’s advanced core system to drive its growth strategy, and to help the government attain its goal of improving the numbers of unbanked Filipino Currently servicing tens of thousands of customers, Salmon is a consumer fintech company built by a team of finance professionals and entrepreneurs and backed by world-class investors that develop better and more inclusive financial products with a focus on innovation, flexibility, security, relentless focus on customer care and added value for clients. The fintech firm started originally with in-store purchase financing, as Salmon had intended to expand its range of financial services to cover all the daily needs of clients in the Philippines and beyond, bridging the financial inclusion gap for millions of consumers. “We’re delighted to have found a technology partner in Oradian. As we enter a new stage of our institutional development and ready ourselves to deliver new product offerings, Oradian provides some essential tools that will power our continued growth,” said George Chesakov, CEO and co-founder of Salmon in a press conference on Wednesday. Founded in 2022, Salmon has already attracted a cumulative $36 million in equity and debt funding, reflecting deep confidence in its business model and growth potential. Essential recipe “Oradian offers a vital combination of flexible, scalable, best-in-class technology and comprehensive in-market customer support and expertise that enables us to drive growth, scale rapidly, and boost our performance. This is an essential recipe for remaining competitive in an increasingly crowded fintech landscape,” said Chesakov. Salmon’s early success is indicative of the strength and health of the Philippines’ financial technology market, particularly as the Bangko Sentral ng Pilipinas and the national government seek to promote digital lending and boost financial inclusion. The BSP in its report last month said 22 million Filipinos have gained access to formal financial accounts between 2019 and 2021. According to the 2021 Financial Inclusion Survey of the BSP, 34.3 million Filipino adults remained unbanked, as the country’s banked population was at about 56 percent of all adults in 2021, improving from just 29 percent in 2019. First cloud-native core banking system Oradian, the first cloud-native core banking system to be used by BSP-regulated financial institutions in the Philippines, has been serving institutional customers for more than 10 years, enabling enhanced growth and performance with its cloud-native, API-enabled platform. Reflecting on this new partnership, Antonio Separovic, CEO and co-founder of Oradian said: “Oradian’s mission is to partner with high-growth, tech-enabled financial institutions to drive growth and promote financial inclusion for last-mile communities. “Oradian’s system is designed for sophisticated tech-led teams like Salmon that leverage technology to scale financial services throughout the entire community — we’re excited to work alongside George and Salmon’s team as they meet these goals.” The post Salmon, Oradian seal partnership serving unbanked Filipinos appeared first on Daily Tribune......»»
Painting life with data for a better tomorrow
We live in the age of data where life is very much influenced by information. Our society is powered and inspired by data sets that propel economies, explore possibilities and change lives. And all of this happens both onscreen and off-screen. Data is king, and it brings new and contemporary delights and advancements with it. Most significant of its gifts is helping bridge the knowledge of ages ago to enrich our modern lives. Literally painting life powered by data with the brushstrokes of masters past. [caption id="attachment_179677" align="aligncenter" width="2560"] ‘The Wisdom of Da Vinci: An Immersive AI Experience’ exhibit at One Bonifacio High Street. | photographs courtesy of eastwest[/caption] Art by the numbers “The Wisdom of Da Vinci: An Immersive AI Experience” is one such gift brought to life by information. The immersive art experience merges the power of data processing and the masterworks of Leonardo Da Vinci and other iconic artists into an audio-visual display. The result is an enthralling and singular experience, where the attendees become canvasses themselves as they step into the projections of data-painted art. The exhibit can be visited at One Bonifacio High Street until October. This convergence of hard data and art is what drew the attention of EastWest Ageas. The exhibit’s imagery was sourced from paintings, books, traditional CSV files and even statistics to create art that evokes the deepest of emotions and imagination. Heart and data “We decided to sponsor this exhibition because our business is about data and emotions,” shares Sjoerd Smeets, president and chief executive officer of EastWest Ageas. The business of ensuring the people’s future and assets has a bedrock built on data and information. This makes sure that all the decisions regarding the customers are founded on fact and rational thinking. “But in the end, we are here to serve our customers at difficult moments,” Sjoerd says. “Our business has a clear purpose: protect families during their most vulnerable moments and bring them comfort and security.” And this requires emotional intelligence, a feat that no data set can muster. EastWest Ageas believes that it is the union of the human capacity to empathize and the clear sightedness of data that can elevate the industry into the next level of service. Joub Miradora, EastWest Ageas’ chief customer officer succinctly summarizes this: “For true service, we want to provide a customer-centric service that gives clear solutions fueled by data and delivered with a human heart.” Data-powered and people-focused Much like how the curators behind the “Wisdom of Da Vinci” selected the AI art pieces for the exhibit, EastWest Ageas believes in the power of data to become more people focused. By leveraging data, EastWest Ageas aims to paint the lives of their customers and more Filipinos with a suite of solutions tailored for their unique needs. At the forefront of this is their customer experience strategy. “As we know that only around three percent of the Filipino population has life insurance,” Sjoerd shares. “There is still a long way to go.” With its data-powered customer experience strategy, EastWest Ageas hopes to change that number and help more Filipinos paint their tomorrows better for them and their loved ones. The post Painting life with data for a better tomorrow appeared first on Daily Tribune......»»
MPIC, Hartasuma target transport deals
The recently signed strategic partnership between infrastructure investment firm Metro Pacific Investments Corp. or MPIC and Malaysian firm Hartasuma Sdn Bhd is anticipated to introduce new transportation modes including cable cars and monorails that would help ease gridlock conditions in the country. Hartasuma Group executive director Tan Sri Ravindran Menon and MPIC’s chairman and CEO Manuel V. Pangilinan signed an agreement on Monday, with the two parties formalizing their interest in fostering economic growth through joint ventures and cooperation. Among others, the strategic partnership paves the way for various initiatives, including rolling stock refurbishment and development projects as well as exploration of a cable car system for tourism and urban transport. “If we look at other modes of transportation, cable cars and monorails can be good. The country should be open to more efficient modes of transportation, to ease the traffic situation in the Philippines like in Manila and other urban cities,” Pangilinan told reporters. Not just a supplier “What we are looking at is that they will not just be a supplier to us for transportation projects. They (are building) new modes of transportation like monorails and cable cars in Malaysia and we’d like to explore that also to upgrade our overall transport network in the country. We would like to see whether we can invest in this company,” he said. Pangilinan, however, did not disclose how much MPIC is willing to invest in Hartasuma, adding that the plan is still in the initial stage. MPIC, through its subsidiary Light Rail Manila Corp., which operates and maintains 20 stations, is expanding its business with the construction of five new stations for the Cavite Extension Project. It assumed operations and maintenance of LRT-1 in September 2015 through a P65-billion 32-year concession agreement with the Department of Transportation and the Light Rail Transit Authority. For his part, Menon noted that Hartasuma can leverage its expertise to help build and introduce new modes of transportation in the local market. “We also build cable cars and we are going to operate one in Malaysia very soon. I think it is an area that we should look at. It’s cheaper than the rail and it can carry a lot of people so you don’t start acquiring land in the middle of the city, especially in places like Baguio where there is terrain issue. In cities like Manila, we need to look at different places. It is just a possibility,” Menon conveyed. Rail excellence center “The city of Paris has a cable car being built now. And the other thing that we want to do in the Philippines is to put up a rail excellence center. We have great talents in Malaysia and we want to replicate that in the Philippines,” he added. Citing the projected growth of the local construction market, Menon also noted that MPIC and Hartasuma collaboration will cater to the growing demand and interest in rail infrastructure projects as the government looks to improve regional connectivity through the development of transport infrastructure. The partnership will likewise support the Marcos administration’s renewed commitment to Public-Private Partnerships. Hartasuma, a leading local integrated rolling stock and rail services company, was the first Malaysian rail company to deliver fully locally assembled passenger coaches to Keretapi Tanah Melayu Bhd. To date, it has delivered more than 500 LRT cars and passenger coaches and is currently supplying 27 new LRT trains to Prasarana Malaysia, which will service the Kelana Jaya Light Rail Transit. The post MPIC, Hartasuma target transport deals appeared first on Daily Tribune......»»
Multiple developments rise in Mandaue City
Mandaue City continues to look to the future with multiple developments that will usher the city towards progress. [caption id="attachment_178460" align="aligncenter" width="1280"] LUXURY living in the center of Mandaue City.[/caption] Mantawi Residences Mantawi Residences is RLC Residences’ first premium development in Cebu. It is strategically located in Ouano Avenue and promises spacious and bright home-upgraded units, ranging from one to three bedrooms and penthouse suites. These units all come with loggia — an extended living space where soon-to-be homeowners can comfortably relax while appreciating the Cebu City skyline. Hyper-sized indoor and outdoor facilities are spread out in its 1.3 hectares of amenity area. These include beach-inspired swimming pools, landscaped areas, jogging trails, a pet park, a spa and indoor amenities including a game room, a work lounge and a private theater. Its ground floor will also house global brands and upscale dining areas. Metro Cebu Expressway The 56.9-km long Metro Cebu Expressway is expected to solve the traffic congestion within Metro Cebu. The South to North expressway is divided into three segments including the Minglanilla — Cebu City — Mandaue/Consolacion Bdry portion; Mandaue/Consolacion Bdry. to Danao City section; and Naga City — Minglanilla component. Once completed, MCE aims to ease the movement of people and commerce in Metro Cebu’s Central Business Districts and economic/export and tourism zones. Cebu Bus Rapid Transit Bus Rapid Transit, a bus service with dedicated routes traversing a 13.8-kilometer road, aims to decongest Cebu roads. Buses will run on a priority lane — one in each opposite direction — while the rest will be opened for mixed-use traffic. New Cebu International Container Port The New Cebu International Container Port will feature a berthing facility that can accommodate two 2,020-ft. equivalent unit vessels. Built on a reclaimed area in Consolacion, NCIP is seen to aid in flourishing local business with competitive prices and increase economic opportunities for residents once entirely constructed and operational. It is expected to ease the increasing volumes the Cebu International Port handles and enhance Visayas Region’s flow of goods and services. Premiere Waterfront Development by Global City Mandaue Corporation The Global City Mandaue Corporation is developing a 101-hectare premier waterfront project along the Mactan Channel. It will feature office spaces, malls, luxury retail options, hotels, resorts and restaurants. Cultural spaces like galleries, museums and libraries will also rise. Pocket parks, pathways and playgrounds will complete the vibrant lifestyle experience. The project had its groundbreaking in May of 2022. The post Multiple developments rise in Mandaue City appeared first on Daily Tribune......»»
DD unit’s overseas expansion on high gear
Homegrown Hotel 101 has cranked up its expansion overseas through its landmark developments overseas including one in Japan. Parent DoubleDragon is targeting to list its subsidiary Hotel 101 Global at NASDAQ (US Stock Exchange). Eventually, Hotel 101 Global is expected to derive over 95 percent of its revenues outside of the Philippines. The first three overseas Hotel101 projects will be in Niseko Hokkaido, Japan; Madrid, Spain and California, USA. At Hokkaido, Japan, 26 August 2023, was a Filipino moment as the Mang Inasal founder and DoubleDragon Corp. chairperson Edgar Injap Sia II and Jollibee founder and DoubleDragon Corp. co-chairperson Tony Tan Caktiong met with Niseko Mayor Kenya Katayama and Kutchan Hokkaido Mayor Kazushi Monji. They led the groundbreaking of the 1.17-hectare property of Hotel 101 and started construction of the 482-room Hotel 101-Niseko project. Hotel 101 is the first Filipino hotel chain to expand overseas. The contractor of Hotel 101-Niseko is Iwata Chizaki Inc., one of the largest contractors in Japan, and the same contractor which built the Chitose International Airport in Saporro, Hokkaido Japan. The Niseko hotel project in Hokkaido, Japan is one of Hotel 101’s first three overseas projects, with the other two to be in Madrid, Spain and California USA. Niseko Hokkaido Japan is a world-class premier ski destination that remains popular year-round from its picturesque landscapes to its natural hot springs. The Singapore-registered Hotel101 Global Pte. Ltd. is the worldwide expansion subsidiary of DoubleDragon. These first three overseas sites will serve as bridge projects to jumpstart the transition of Hotel101 to transcend beyond these first three countries and become a global brand with a truly unique business concept that can be planted in over 100 countries. 25 countries by 2025 Target near term expansion roadmap for Hotel101 Global is to be in these first 25 countries by 2026, namely: Philippines, Japan, Spain, USA, United Kingdom, UAE, India, Thailand, Malaysia, Vietnam, Indonesia, Saudi Arabia, Singapore, Cambodia, Bangladesh, Mexico, South Korea, Australia, Canada, Switzerland, Turkey, Italy, Germany, France and China. DoubleDragon has accumulated a completed recurring income portfolio of over 1.2 million square meters in diversified hard assets in office leasing with its Jollibee Tower, DD Meridian Park complex, its string of CityMall community centers, CentralHub industrial warehouse complexes, its string of Hotel 101 projects in the Philippines and overseas. As of 30 June 2023, DoubleDragon’s total equity stands at P81.64 billion and total cash position stands at P6.54 billion. DoubleDragon has recently been upgraded to the highest PhilRatings PRS Triple A Credit Rating. The post DD unit’s overseas expansion on high gear appeared first on Daily Tribune......»»
Villar group sets sight on hotel deals
The Villar Group is now targeting the hotel and tourism industry as a growth driver amid the strong rebound the travel sector is experiencing. Banking on the massive potential of the hospitality sector, business magnate Manuel Villlar Jr. is now taking decisive moves for his property companies to become a household name in the industry through the Brittany Hotel brand, which he recently acquired. “This one in Bonifacio Global City is my fanciest hotel until the next one opens. I have another Brittany Hotel in Daang Hari. That will be a bit smaller with only 120 rooms. It will be under the Brittany Hotel brand, which I plan to make a chain. It’s not Makati that’s in anymore, it’s Villar City now,” Villar said. “I’m bullish on the hotel (business), it’s good locally. The Philippines has just begun and I think the local hotel industry is just now picking up and I think the per capita income is getting higher,” he added. This ambition is on top of the ongoing development of Villar City — the family’s most ambitious project to date. It is envisioned to be a massive master-planned integrated development that will be composed of 15 satellite cities. It is also poised to be about 10 times as big as Bonifacio Global City — indicating its sheer magnitude not only in terms of the number of homes, offices, and complexes that will be built within this vast community. Infra also on table As part of the development, Villar recently announced that he will expand the LRT-1 Cavite Extension Project to Dasmariñas, Cavite at no cost to the government. The entire LRT-1 extension project of the Light Rail Manila Corp. or LRMC covers major cities such as Quezon City, Caloocan, Manila, Pasay and Parañaque. It is designed to cater to up to 800,000 passengers daily. Villar’s proposal, which he said had already been on the table for quite some time, will extend the project further from Las Piñas City to Dasmariñas, Cavite through seven new stations. He did not disclose how much the project would cost but he said “it will be big.” Notably, Villar said it was the Ayala and the Pangilinan groups who reached out to him to start a partnership to take on the railway project. The post Villar group sets sight on hotel deals appeared first on Daily Tribune......»»
Iloilo City: Bold, vibrant, indelible
The Philippines is no doubt a country with a rich and diverse history, having been colonized by the Spanish, Americans and Japanese and becoming a melting pot of cultures still evident in modern times. [caption id="attachment_175000" align="aligncenter" width="1015"] Iloilo City skyline. Photograph Courtesy Of Wikicommons/paulo Alcazaren/ Cc By-sa 4.0[/caption] [gallery columns="2" size="full" ids="175004,175005"] The influence of these colonizers left a deep imprint in the Filipinos’ heritage and culture, and the semblance of these inherited traits can be seen in Iloilo City, located on Panay Island in Western Visayas. The city faces Iloilo Strait and Guimaras Island across it, making it a natural harbor and a safe anchorage for ships. It is bordered by the towns of Oton in the west, Pavia in the north and Leganes in the northeast. Just across the Iloilo Strait in its eastern and southern coastlines are the towns of Buenavista and Jordan in the island-province of Guimaras. The metropolitan area is composed of the City of Iloilo, the municipalities of Leganes, Pavia, Santa Barbara, Cabatuan, San Miguel, Oton, the Island Province of Guimaras and its five municipalities — Sibunag, San Lorenzo, Nueva Valencia, Buenavista and Jordan. The city was founded in 1566 by Spanish explorer Miguel Lopez de Legazpi. It quickly became a major trading center due to its strategic location on the coast of the Sulu Sea. In the early days of the Spanish period, the first Manila galleons were originally constructed at the port of Oton to the west of Iloilo. The early Visayans were already constructing huge multi-masted four- to five-decked caracoas in their wars against the other kingdoms. Thus, the technical know-how to construct the first Manila galleons was a blend of Visayan shipbuilding and Spanish shipbuilding. After the defeat of the Spanish forces in the Battle of Manila Bay during the Spanish–American War, the capital of the Spanish East Indies was transferred to Iloilo, with General Diego de los Rios as the new Governor General residing in the city. A truce was declared between the American and the Spanish forces pending the negotiations of the joint commission of both warring countries in Paris, France, for the terms of peace. In the 19th century, Iloilo City became a major producer of sugar which helped further develop the city’s economy and infrastructure. Iloilo City was also a major center of the Philippine revolution against Spain. Major center of education During World War II, Iloilo City was heavily damaged. However, the city was rebuilt after the war, becoming an industrial center and its port transforming into one of the busiest in the Philippines. Iloilo City also became a major center of education, with many universities and colleges opening in the city. The next three decades saw the moderate growth of Iloilo City with the establishment of fish ports, an international seaport, and other commercial firms. Iloilo City also became the regional center of Western Visayas. In 1977, a Comprehensive Urban Development Plan for Iloilo City was approved and was adopted by the Sangguniang Panlungsod. The Land Use Plan and Zoning Ordinance was the implementing tool. However, the 1977 Plan was unable to cope with the demands of rapid urbanization. In late 1993, a multi-sectoral group prepared the 1994-2010 Comprehensive Development Plan of Iloilo City to amend the old plan and address the present and future challenges of urban development. The plan, however, was not carried pending the approval of the Housing and Land Use Regulatory Board. Today, Iloilo City is a major commercial and industrial center in the Philippines. It is also a popular tourist destination, known for its beautiful beaches, delicious food and vibrant culture. It has become a hub for trade, commerce, finance, technology, medical tourism, hospitality, real estate, tourism, education and industry in the Western Visayas region. Major industries in the city include port management, telecommunications infrastructure and utilities, banking and finance, retail trading, real estate, tourism and business process outsourcing. The local government has also provided incentives to businesses in certain investment areas, such as income tax holidays and free issuance of permits and licenses. Tourism contributes in a major way to Iloilo City’s economy. Not only is it a gateway to Western Visayas, but the metropolis itself hosts notable festivals that entice thousands of tourists annually, especially during the Dinagyang, Paraw Regatta — Asia’s oldest sailing event — and Fiesta de Candelaria festivals seasons. 'City of Love' Iloilo City’s bannered monickers like “City of Love” and “City of Mansions” and intensified local government’s programs such as the beautification of major thoroughfares in the city and building of parks have all played a role in attracting local and foreign visitors. There are myriad attractions in the city that tourists can visit — heritage landmarks, museums, art galleries, parks and restaurants, to name a few. Nightlife in the metro, with Smallville Complex as the mecca for party-goers, sees revelers out and about every night especially on Friday and weekends. Since it’s a well-known Philippine heritage city built during the Spanish era, heritage tourism also adds to Iloilo City’s charm. Centuries-old churches, old edifices and mansions of well-known Ilonggo families lure sightseers from different places who want to discover Iloilo City’s rich and glorious past. Iloilo City is also a respected gastronomic capital, with famous local dishes that have gained popularity throughout the country — La Paz Batchoy, Pancit Molo, Kansi, Laswa and KBL (Kadyos, Baboy kag Langka). In 2018 alone, Iloilo City attracted the highest tourist arrivals in Western Visayas, posting 1,242,087 total arrivals, including 1,154,550 domestic visitors, 70,787 foreign guests and 16,750 overseas workers. In 2019, it garnered an 11.59 percent increase in tourist arrivals, and in 2020, the city again achieved its target with 1.4 million tourists. The post Iloilo City: Bold, vibrant, indelible appeared first on Daily Tribune......»»
Lawyer places Marawi bet via Café Sindaw
As Marawi City rose from the Islamic State-led 2017 siege and the pandemic, lawyer Rohairah “Kookai” Lao saw the period as an opportunity to present fresh ideas that were missing in the capital of Lanao del Sur. With a successful career as Bangsamoro Autonomous Region in Muslim Mindanao ’s regional prosecutor, she wanted to help stimulate the local economy by putting up a business. “I am at a point where I want to give back to my community. To do this, I need something which promotes tourism and is likewise an inspiration,” Lao said. An inveterate traveler, Lao thought of bringing the café culture into the laidback city. She saw potential along the scenic strip that led to Mindanao State University and Lake Lanao, the province’s prime tourism destination. Named Heaven Road, it opens to views of the forest-covered countryside and is blessed with a temperate climate. Bucking the urban legend that the place was a dumping ground for bodies after a rido or a skirmish, the entrepreneur took the risk. She pioneered in building Heaven Road’s first commercial establishment. Lao recalls that her savings were insufficient to finance the construction of the café. Fortunately, she gained access to lending companies. Her brother-in-law, who owned a hardware and construction company, provided the materials at cost. Café hands-on Although she worked with an architect, Lao was hands-on in the design which comprises two levels and a viewing deck. “I made sure that when the café was completed, people who know me can see my personal touch,” she says. Named Café Sindaw (meaning “hope” in Maranaw), the restaurant-cafe aspires to lighten up the lives of the people of Lanao del Sur. “It aims to encourage them to stand up after the fall. There is always some prospect for people who have faith,” says Lao. She invested in an Italian-made coffee machine that is operated by baristas who were trained by experts from Mindanao’s major cities — Davao and Cagayan de Oro. The head barista worked extensively in Saudi Arabia. The menu is an eclectic mix of coffee beverages, pizzas, beef rendang, sasati (spicy balls of smoked fish) and ramen, among others. During Ramadan, one of the private rooms is converted into a prayer room. It accepts orders for iftar-sponsored meals for a minimum of 30. Market turns discriminating Lao observes that the local market is becoming more discriminating as diners appreciate cosmopolitan cuisine and special brewed blends. The resto-café is frequently booked for meetings and birthday parties. The customers gained during the early days of Heaven Road have remained loyal to Café Sindaw despite the mushrooming of similar restaurant cafes. When Café Sindaw opened in February 2022, there was hardly any competition. Following Lao’s example, entrepreneurs have since built their own cafes along Heaven Road. It is now a tourist destination because of the comfort food and beverages and panoramic vistas. Lao observes that people tend to go into business when the economy starts to thrive. As in most ventures, there are challenges, “Opening a restaurant or café is not easy. It involves compliance to national and local regulations. These can sometimes be a burden such as payments of several fees and taxes to the business sector,” Lao said. Then there’s learning to increase operational competence, create a top-performing menu, train and retain staffers. The post Lawyer places Marawi bet via Café Sindaw appeared first on Daily Tribune......»»
Tale of two cities
If Mayor Imelda “Emi” Calixto-Rubiano of Pasay City aspires to make her city the first “Eco-City” of the Philippines, Mayor Eric L. Olivarez of Parañaque City wants his city to be the first with the eGov Super App in the country. If Mayor Emi will have her iconic Manhattan in Pasay City, Mayor Eric has his equally iconic Fisherman’s Wharf in Parañaque City. Behind this backdrop of local initiatives, creative planning and responsible leadership are amazing changes in the economy and infrastructure of the two surging cities complementing wonderfully the overwhelming optimism of the national government to transform the Republic of the Philippines into the richest and most beautiful country in the world. Pasay aspires to be the very first eco-sustainable city or “eco-city” in the Philippines, as it continues to strive for excellence and growth while taking utmost consideration of its environment. “To serve its constituents and stakeholders with enthusiasm and efficiency, with a firm commitment to adhering to the principles of good governance, and providing services and infrastructure essential to making the city progressive, healthy and peaceful, worthy of respect and emulation” is the mission of Pasay City. The focus of its mission is ensuring that development ultimately benefits every individual in the City of Pasay, that the service is characterized by the willingness to serve, transparent and responsive to the needs of the constituents. The identified goals to be achieved included: 1) that Pasay City shall be recognized as the new international center for business, knowledge process outsourcing, meetings-incentives-conferences-exhibitions tourism and a model for governance; 2) a safe, secure, livable and inspiringly built environment; 3) efficient infrastructure; 4) carefully managed image of the city; 5) affordable housing to qualified beneficiaries. Why did Pasay City go into reclamation? Pasay City is one of the smallest cities in the National Capital Region. Much of its land is occupied and utilized by the national government. The rest is too limited for the population of the city. It has no choice but to expand its land area by reclamation. The City of Pasay was granted Environment Compliance Certificate, or ECC, No. ECC-CD-1601-003 dated 2017. The reclamation project covers 265 hectares involving two islands with areas of 210 hectares and 55 hectares, respectively. The important landmarks adjacent to the project site include the Cultural Center of the Philippines, the Coconut Palace, the Sofitel Philippine Plaza Hotel, the Philippine International Convention Center, the Government Service Insurance System, Mall of Asia, casinos Okada Manila and Solaire Resort, and Diosdado Macapagal Avenue. Reasons for the 265-hectare reclamation The increasing demand for readily developable land for urban expansion has pushed the real estate market in Metro Manila to its highest since the 1997 Asian financial crisis. Since the other urban centers of Mega Manila have no other way of expanding their existing inventory of land, the increasing requirements for areas to accommodate and satisfy the demand for rapid commercial and residential growth fall on the coastal LGUs. This, therefore, necessitates the creation of more land for economic activities through reclamation developments along the coastal areas of Manila Bay. The Pasay City reclamation project, near the SM Mall of Asia complex, can produce millions of square meters of additional buildable and developable space. This could translate to millions of square meters of building gross floor area, based on the existing buildable vis-a-vis to open space/public area ratio. The additional millions of open meters of building gross floor area can be allocated to tourism, office, residential, commercial and other non-industrial mixed uses. (To be continued) The post Tale of two cities appeared first on Daily Tribune......»»