We are sorry, the requested page does not exist
Globe-backed startup offers MSMEs loans up to P100 million
A startup backed by Globe Telecom Inc. is extending up to P100 million in loans to micro, small and medium enterprises (MSMEs) that require additional capital to expand their business......»»
Republican hardliners oust US House speaker in historic vote
Kevin McCarthy was axed Tuesday as speaker of the US House of Representatives in a brutal, historic rebellion by far-right Republicans furious at his cooperation with Democrats. The maneuver laid bare the chaotic levels of infighting among Republicans heading to the 2024 presidential election almost certainly led by Donald Trump, who is making history of his own as the first former or serving president to be the target of multiple criminal indictments. The first ouster of a speaker in the House's 234-year history was supported by only a handful of right-wing Republican hardliners. However, the House was almost evenly divided and with Democrats joining eight rebel Republicans rather than riding to McCarthy's rescue, he had no way to survive. The 58-year-old former entrepreneur -- who did not comment as he left the chamber -- had sparked fury among conservatives when he passed a bipartisan stopgap funding measure at the weekend backed by the White House to avert a government shutdown. Florida conservative Matt Gaetz, who forced the removal vote, gambled that he could oust McCarthy with just a few Republicans, helped by Democrats loath to bail out a speaker who only recently opened a highly politicized impeachment inquiry into President Joe Biden. Republicans were warned by their leadership about plunging the party "into chaos" but Gaetz, who has repeatedly complained about McCarthy failing to honor agreements made with conservatives, retorted: "Chaos is Speaker McCarthy." "The reason Kevin McCarthy went down today is because nobody trusts Kevin McCarthy," he added after the vote. "Kevin McCarthy has made multiple contradictory promises, and when they all came due, he lost." Democrats, too, had no love for McCarthy, pointing to his decision to renege on a deal with Biden on spending limits agreed earlier this year in high-stakes talks over the federal budget. Biden issued a statement through his press secretary after McCarthy's overthrow urging the House to quickly choose a replacement, arguing that the urgent challenges facing the country "will not wait." 'Pigsty of incompetence' The New Democrat Coalition, a bloc of pro-business Democratic lawmakers, described McCarthy as "simply not trustworthy." And Congressional Progressive Caucus chairwoman Pramila Jayapal, a leading leftist, vowed to let Republicans "wallow in their pigsty of incompetence" rather than rescue McCarthy. The tussle came just days after the House and Senate passed a measure to avert a costly government shutdown -- both with big bipartisan majorities -- by extending federal funding through mid-November. Conservatives were furious, seeing their chances dashed by forcing massive budget cuts. They accused McCarthy of a flip-flop, saying he'd promised an end to hastily prepared stopgap legislation, hammered out with the support of the opposition, and a return to budgeting through the committee process. The writing was on the wall after Democratic House Minority Leader Hakeem Jeffries encouraged his members to oust McCarthy. Every Democrat then joined 11 rebel Republicans to reject a preliminary motion that would have blocked the final ouster vote. With McCarthy out, a temporary speaker put the House into recess until a permanent replacement is elected. Republicans will gather at 6:30 pm (2230 GMT) to discuss putting up a candidate for a vote to be the new speaker -- and it is not out of the question that McCarthy could be nominated for a return to the role he just lost. It took 15 rounds of balloting for the Californian to win the gavel in January, but the fight demonstrated that he has the support of most of the party, and he could try to persuade the rank-and-file to rally behind him once more. Alternatively, he may bow out. This could set up a showdown among his lieutenants -- most likely House Majority Leader Steve Scalise and House Majority Whip Tom Emmer. But Republican hopefuls may shy from taking on what looks like a poisoned chalice in which the hard-right faction will continue to exercise control from the sidelines. Trump -- who is facing 91 felony indictments and was in court Tuesday in New York as a defendant in a civil fraud trial -- berated Republicans on his social media platform for "always fighting among themselves." Tellingly, though, he offered no support for McCarthy. The post Republican hardliners oust US House speaker in historic vote appeared first on Daily Tribune......»»
Fruitas acquires Foodpanda tools
Backed by a newly-acquired top-notch technology, listed food and beverage kiosk operator Fruitas Holdings Inc., through its wholly-owned subsidiary Fly Kitchen Inc., is growing its cloud kitchen business to better serve the growing customer demand. In a stock exchange report on Tuesday, Fruitas Holdings disclosed that it bought out culinary equipment and technology formerly utilized by Foodpanda to support the planned expansion. “We are pleased to announce this tactical purchase of top-quality kitchen equipment from Foodpanda. This decision reflects our dedication to providing outstanding gastronomic experiences to our patrons,” Fruitas Holdings president and chief executive officer Lester Yu said. Foodpanda is a global food delivery service provider in 40 countries across five continents. Cloud only for delivery A cloud kitchen prepares food exclusively for delivery or takeout, without any dine-in customers. It is a cost-effective way for restaurants to expand their existing business or launch a new virtual brand. According to Fruitas, the acquisition will particularly enable Fly Kitchen’s menu expansion with new methods, processes, and flavors. By using cutting-edge equipment, the company can streamline its operations — from food preparation to presentation, resulting in even higher service and product quality. The advanced kitchen equipment will likewise give Fly Kitchen the freedom to experiment with new recipes, which will excite the taste buds of its loyal consumers and new customers. The kitchen equipment will open the door for the company to collaborate with and prepare third-party brands that would fit well with its present cloud kitchen operations. Starting with a single stall opened in 2002, the Fruitas group now operates over 25 brands in its portfolio, including food concepts such as Fruitas Fresh from Babot’s Farm, Buko Loco, Buko ni Fruitas, De Original Jamaican Pattie, Johnn Lemon, and Juice Avenue, among others. The group also recently launched Fruitas dairy-based ice cream and the Soy & Bean soy product line. The post Fruitas acquires Foodpanda tools appeared first on Daily Tribune......»»
DTI pushes for AI research hub; P300-M for consumer protection programs
The Department of Trade and Industry is pushing for the establishment of the Center for Artificial Intelligence Research, however, it remains "unfunded” under the proposed 2024 National Expenditures Program. During the hearing of Senate Committee on Finance’s Subcommittee “M” on DTI’s proposed P7.909 billion budget for the fiscal year 2024 on Tuesday, Trade Secretary Alfredo Pascual emphasized the idea would help the country's Micro, Small, and Medium Enterprises to effectively adopt “artificial intelligence in their business operations. “This is a research [and development] center. The model is the AStar of Singapore…It’s industry-oriented, it's not academic research. It’s a way to help MSMEs to adopt AI in their operations,” Pascual said, citing that large companies in the country “can take of themselves” to implement AI solutions in their businesses. “But this SMES would need assistance and this is the center that could do that plus the continuing research in the impact of AI on employment which jobs will be affected,” he said. The issue of AI ethics will also be addressed through CAIR, he added. “We are working this out, actually with some business groups that can donate…In fact, we have been offered already a place,” the DTI chief said. Pascual explained that the CAIR has been included in the DTI’s plan for revitalizing Philippine industries under the Philippine Development Plan. Meanwhile, DTI’s Competitiveness and Innovation Group, Undersecretary Rafaelita Aldaba said the agency has been requesting funds, amounting to P200 million, for the CAIR since two years ago. Aldana did not give further details as to why the Department of Budget and Management disapproved their requests. Stressing the importance of the AI program, Senate President Pro Tempore Loren Legarda lamented there must be a reason why the CAIR did not get a budget. Legarda asked Aldaba to further provide details on CAIR as the latter noted the DTI doesn’t have enough space in their existing building, “It’s a physical center and its goal is for us to become an AI center of excellence in the region in the near future. It’s going to house our data scientists, researchers, engineers who will be conducting AI [research and development] to support the needs of the industries, including MSMEs, start-ups, large companies, and multi-nationals,” Aldaba said. The CAIR is also eyed to provide capacity building and training and workshops on AI, she added “so that new products and services could come out from the idea. However, Legarda said DTI should not wait for the physical CAIR to be set up before it starts building the capacity of Filipinos concerning AI, adding that developing a physical infrastructure may take at least two years. “And knowing government, that’s so slow. That means all the resources on AI will not ensue until the structure is done,” Legarda lamented. “What I’m saying is that while the infrastructure is not yet set up, we should continue with AI capacity buildings and research.” Senator Mark Villar, who presided over the budget hearing, backed Legarda’s position, noting that DTI should ensure that AI benefits the country. “Other countries are very concerned also about what AI might mean for the labor industry and what the implications are. I think it’s important that we learn how we can leverage it to help our industries,” he said. On the other hand, Pascual appealed to the Senate for an additional P300 million in funding to strengthen the DTI’s consumer protection programs. “We want to reorganize our consumer protection activity by centralizing it because you cannot expect a junior person running after hoarders or profiteers in an area where there are a lot of people of influence that are operating in the region,” he said. “So the plan that we have done, this planning, after the budget submission, is to centralize the consumer protection activity in the head office and have a quick response task force,” said Pascual. “That would require a funding of P300 million to strengthen our consumer protection activities," he added. Villar supported the DTI’s plan citing its significance amid the ongoing inflation being experienced in the country “It is very relevant that the DTI takes a stronger role in monitoring these hoarders and manipulators,” he said. DTI Assistant Secretary Jean Pacheco said the P300 million would fund an inter-DTI strike team to increase their enforcement activities, consumer education and advocacy, complaints handling, and procurement of equipment for the certification and testing of vapes, among others. At least P130 million of the total request will be utilized for the procurement of equipment for DTI’s certification and testing of vape products, which is in line with their implementation of the law regulating e-cigarettes. The post DTI pushes for AI research hub; P300-M for consumer protection programs appeared first on Daily Tribune......»»
Microsoft CEO hits out at ‘dominant’ Google in US trial
Microsoft CEO Satya Nadella told a US court on Monday that Google's dominance of the search engine market made it very hard for rivals to emerge, hitting out sharply at the business practices of his company's archrival. Nadella spoke to a courtroom in Washington DC, where lawyers from the US Department of Justice are attempting to persuade a federal judge that Google has illegally paid billions to Apple and others to preserve its monopoly. Microsoft's Bing has been trying since 2009 to build market share against Google, but Nadella said it could never compete against the search engine behemoth, largely due to its arrangements with Apple. "You can call it popular, but to me it's dominant," Nadella told a Google lawyer during tense cross examination. The three-month trial is the biggest US antitrust case against a big tech company since the same department took on Microsoft more than two decades ago over the dominance of its Windows operating system. Nadella broadly backed the government's contention that Google's intake of data from being the world's preeminent search engine created a network effect that only made Google a more powerful tool to advertisers and users. "It becomes even harder to break through when you don't have (market) share," Nadella said. 'Defaults matter' Nadella said distribution was key to a successful search engine and that his company was prepared to pay Apple dearly to give Bing the default status on the iPhone. "Defaults are the only thing that matters" and arguments by Google that users will easily switch to another app were "bogus," Nadella said. "It would be a game changer (for Bing) to be a default on Safari," he added. Apple instead stuck with Google and receives billions of dollars every year from the search engine giant with a generous revenue sharing deal, earlier testimony has revealed. With his approaches rebuffed by Apple, Nadella said that Bing has remained a very small player. The company has continued to invest in Bing, Nadella said, awaiting a possible "paradigm shift" or some sort of government intervention to restructure the business. The CEO also testified that despite some early "exuberance," he no longer believed the emergence of ChatGPT would reshape Google's dominance of the search business. Microsoft earlier this year moved aggressively to integrate the AI technology into its Bing search engine, creating some expectation that Google's singular position was under threat. Nadella said he was now worried that Google would be able to use its dominance in search to strongarm content providers that are key to training generative AI models. "I worry a lot in spite of my enthusiasm that this vicious cycle can become even more vicious," Nadella said. The post Microsoft CEO hits out at ‘dominant’ Google in US trial appeared first on Daily Tribune......»»
Repossession of idle SBMA land backed
SUBIC BAY FREEPORT — Senator Joseph Victor “JV” Ejercito lauded Subic Bay Metropolitan Authority Chairman and Administrator Jonathan Tan for his efforts to repossess land underutilized by locators. Ejercito presided over a remote hearing of the Senate Finance Committee on the SBMA with the Authority of the Freeport Area of Bataan, the Philippine Center for Economic Development, and the Philippine Racing Commission. The senator lauded Tan for auditing the companies that had failed to pay their taxes or had not developed their properties, leaving the land idle. “I’m in and out there; I usually have breakfast, and ride my bike there. I can see idle lands and facilities that are going bad; what a waste,” he said, mainly in Filipino. The SBMA has repossessed 10 parcels of unused land, with 20 more lined up for repossession. Tan said the agency is conducting audits to ensure business vibrancy at the freeport. “That’s a good start on your incumbency, so hopefully you can turn Subic around again. Make it more vibrant again. It should be a prime destination, like way back in the 1990s. Subic Bay is really the place to go,” Ejercito said. The SBMA presented to the Senate committee its 2024 proposed projects, for which the Department of Budget and Management had allocated P661 million intended for road, port, maritime, and traffic control rehabilitation. Senior Deputy Administrator for Support Services Atty. Ramon Agregado asked the Senate for an additional budget of P936 million for future projects of the SBMA, including the construction of a smart city. Agregado said the additional funding will also be used to improve various aircraft movement area visual guides and auxiliaries at Subic Bay International Airport. “We’ll try to scrutinize the additional P936 million you requested,” Ejercito said. The post Repossession of idle SBMA land backed appeared first on Daily Tribune......»»
Bong Go provides more support to TESDA graduates in Negros Occidental
Senator Bong Go congratulated Technical Education and Skills Development Authority trainees who graduated in Victorias City, Negros Occidental on Friday, 15 September. During the program held at the Victorias City Training Center, in partnership with E-Tech Global Training Academy, Go’s team provided shirts, grocery packs, and snacks to 75 graduates. In his video message, the senator seized the opportunity to applaud the graduates for their dedication and resilience in successfully accomplishing their training programs. “Binabati ko po ang lahat ng mga graduates ng Technical Education and Skills Development Authority ngayong araw na ito. Malaking tagumpay po ito para sa inyong lahat dulot ng inyong mga pagsisikap upang makumpleto ang inyong pag-aaral,” said Go. The senator also underscored the significance of vocational education in empowering individuals and fostering the progress of communities. He recognized the role played by TESDA in delivering accessible and high-quality training programs that equip Filipinos with the necessary skills to attain improved job prospects and actively participate in the country’s economic development. “We need more skilled workers in various industries, and I encourage you graduates to use your newly acquired skills to help our country's economy grow. You are now equipped to contribute to our society and make a positive impact in your respective communities,” Go encouraged. "Your hard work and commitment to honing your skills have not gone unnoticed. Today, you stand as a testament to the power of determination and the transformative impact of vocational education. I commend each and every one of you for your achievements," he added. Meanwhile, Go, chairperson of the Senate Committee on Health and Demography encouraged the public to seek the assistance of the Malasakit Center located at the Corazon Locsin Montelibano Memorial Regional Hospital located in Bacolod City. Go, principal author and sponsor of the Malasakit Centers Act of 2019, has championed the cause of providing convenient access to medical assistance programs for particularly poor and indigent patients. Currently, there are 159 Malasakit Centers established throughout the nation, which have already assisted more than seven million Filipinos, as reported by DOH. Go, vice chairperson of the Senate Committee on Finance, has backed numerous initiatives aimed at fostering economic growth and raising the standards of public service delivery within the province. These include the construction of a revetment, multi-purpose public facilities, and several road maintenance initiatives in Bacolod City; and the construction of a multi-purpose building and concreting of a local road in the town of Don Salvador Benedicto. Other initiatives that Go pushed for include the construction of multi-purpose buildings in Calatrava and Himamaylan City; road maintenance in Bago City; and construction of a new infectious diseases wing at the Teresita L. Jalandoni Provincial Hospital in Silay City. Last 25 August, Go’s team provided assistance to struggling small business owners in Cauayan. The post Bong Go provides more support to TESDA graduates in Negros Occidental appeared first on Daily Tribune......»»
Sweden leads the way in a sustainable fashion revolution
A beacon of hope, Sweden is pioneering a future-friendly approach to the fashion industry. The “Fashion Forever” exhibition, ongoing at SM Aura from 8 to 14 September, sheds light on said country’s innovative strides in sustainable fashion design, production and distribution. Because of the combined efforts of designers, business people and academics who are dedicated to developing a circular fashion sector, the Swedish fashion scene has experienced a remarkable transition. “Fashion Forever” demonstrates Sweden’s commitment to sustainable development by showcasing the cutting edge of eco-friendly materials and clothing. The Swedish government’s steadfast commitment to sustainability is at the core of this transition. In line with the global Sustainable Development Goals of Agenda 2030 and the Paris Climate Agreement, Sweden wants to set the standard for sustainable fashion production and consumption around the globe. [caption id="attachment_182675" align="aligncenter" width="2560"] Bags by Zarah Juan[/caption] A standout example from the exhibition is “Textile & Fashion 2030,” a government-supported initiative spearheaded by the University of Borås, in collaboration with the Swedish School of Textiles, SmartTextiles, Science Park Borås and the Research Institute of Sweden. This initiative focuses on researching sustainable fashion techniques in small-scale settings and how brands can scale these innovations globally. The circular economy, which prioritizes resource efficiency and looks for creative ways to maximize the value of products, residues, dead-stock and textile waste, is the central theme of “Fashion Forever.” The display showcases ground-breaking circularity initiatives undertaken by Siptex and Renewcell. A ground-breaking facility called Siptex sorts textiles by color and fiber content using near-infrared light, enabling extensive textile recycling. Circulose® is a dissolving pulp with a high cellulose content that is produced by the textile-to-textile recycling business Renewcell. After that, Circulose® is turned into high-quality textiles including modal, viscose and lyocell fabrics. The collaboration efforts among Swedish fashion stores, design institutes and scientific parks—all backed by the government—are highlighted by Swedish Ambassador Annika Thunborg. She claims that by making these efforts, the fashion industry is able to maintain its creative, thrilling, and financial viability while still being environmentally responsible and consumer-friendly. At the exhibition, H&M, a well-known Swedish fashion store dedicated to attaining 100 percent circularity by 2030, presents its “Innovation Stories” program. This effort, which focuses on sustainability, investigates forward-thinking concepts and creative fabrications and designs. [caption id="attachment_182676" align="aligncenter" width="2560"] (FROM left) Dan Mejia, H&M South Asia’s Regional head of Communications and PR, Swedish Ambassador Annika Thunborg and Jonjon San Agustin, SM Supermalls senior vice president for Marketing at the launch of Fashion Forever in SM Aura. | PHOTOGRAPHS COURTESY OF FASHION FOREVER EXHIBIT[/caption] The event also features local companies and creators from the Philippines who support ecological methods, such as Zarah Juan and Lily of the Valley. To reduce superfluous production and create long-lasting clothing and accessories, they work with local resources, handcrafted techniques and made-to-order procedures. Prioritizing ethically sourced materials and small-scale, community-based production, Zarah Juan is known for its vibrant and uniquely Filipino designs. Lily of the Valley is a pioneer in a take-back program to recycle used and outdated undergarments and offers 100 percent made-to-measure innerwear items to cut down on overproduction. “Fashion Forever” was started by the Swedish Embassy in Manila with help from the Swedish Institute and collaborations with SM Aura and H&M. The post Sweden leads the way in a sustainable fashion revolution appeared first on Daily Tribune......»»
Gov’t, businesses told to adopt AI boom
The government and private sector need to collaboratively launch a nationwide effort to push for the adoption of science-backed artificial intelligence or AI to help communities and businesses keep up with the rapid technological advancement. In an interview with reporters last Friday, Dr. Sanjay Sarma, CEO, president, and dean of the Asia School of Business or ASB, reiterated that AI is developing at an unprecedented pace and will be everywhere soon. “AI can potentially replace jobs so let’s accept that. The Philippines should become the country that leads the world in how to use AI, in call centers, for instance,” Sarma told reporters. “Here in the Philippines, it has to be a national effort. The government needs to be cognizant that this is an epic moment. It's like, you know, climate change is going to damage the environment, it will hurt a lot of people. This is technology change is just like climate change,” he said. Unlike other technologies such as automated teller machines or ATMs, which took about 15 years to be widely accepted, AI is a development that needs urgent adoption. Like ATMs, which previously raised concerns about replacing the job of bank tellers, AI will help industries develop further. “Bank tellers did not lose their jobs. Bank tellers did something more advanced, which is selling mortgages and things like that. The job changed because of technology,” he explained. Thus, in blending in with the changes brought about by AI, Sarma proposed that local industries like the business process outsourcing sector should upgrade more into becoming a technology space. “At this level, you have to go up because the attack comes from below. It's like a tiger, you know, it's chasing you, You climb a tree, and the tiger learns to climb the first 10 feet, well, you have to climb higher. So you have to go higher up in the cognitive stock to go higher,” he said. To complement the benefits of AI, Sarma noted that the local service industry workers, for instance, have to do the things that technology cannot. “For example, this Chat GPT cannot negotiate with you, can't do any planning, can't do dispute resolution. It can't calm an angry customer. So you have to figure out what the technology can do and what humans can do, that the technology can't. And you're to develop human capital in those directions.” Sarma is a professor of mechanical engineering and the Sloan School of Management at the Massachusetts Institute of Technology. He is a leading authority in AI, the Internet of Things, and Education. ASB, established in 2015 by Bank Negara Malaysia in collaboration with MIT Sloan School of Management, aims to be a premier business school that develops transformative and principled leaders who will contribute to the advancement of the emerging world, particularly in Asia. Last July, Surigao del Norte Rep. Robert Ace Barbers asked the Congress and Palace to consider creating an agency that will oversee responsible AI use in the country. Barbers cited that at least 520,000 employees across different industries may be affected by the integration of AI. In March, he filed a bill eyeing to create the Artificial Intelligence Development Authority, which will serve as an AI monitoring body tasked to supervise the “development and deployment of AI technologies.” Primarily, it will ensure compliance with AI ethics principles and guidelines and protect the “rights and welfare of individuals and communities affected by AI technologies.” The post Gov’t, businesses told to adopt AI boom 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......»»
DA5, GuruFin unveil PHMU: The Philippine peso-backed stablecoin
Direct Agent 5 Inc., one of the Philippines' largest Western Union agents in the country and the only Money Service Business offering a diverse range of services, from remittances, foreign and crypto exchange, and e-money facilities, announced its partnership with GuruFin......»»
Forbes Asia fetes start-up enabler
Packworks, a local startup that provides a business-to-business open platform to sari-sari stores was included in Forbes Asia’s 100 to Watch List 2023. The list recognizes companies and startups that are “targeting underserved markets or applying new technologies.” Packworks is one of only nine companies from the Philippines that have made it to the list and one of the nine listed companies from the e-commerce and retail industry. According to Forbes Asia, the final 100 were selected from over 550 submissions and nominations from accelerators, incubators, SME advocacy organizations, universities, and venture capitalists across the region. “We are honored to be recognized by Forbes Asia and included in their ‘100 to Watch List’ for 2023. At Packworks, our mission has always been to empower sari-sari stores through our open platform, and this recognition underscores our commitment to driving innovation in the e-commerce and retail industry,” Packworks co-founder and CEO Bing Tan said. “To every sari-sari store owner, partner, and dedicated team member who has believed in and journeyed with us — this recognition is as much yours as it is ours,” he added. To qualify for the list, companies must have an annual revenue not exceeding $50 million, and have received no more than $100 million in total funding as of 7 August 2023. Tough criteria Metrics such as a positive impact on the region or industry, a track record of strong revenue growth or ability to attract funding, promising business models or markets, and a persuasive story were among the considerations. Packworks will represent the Philippines at the Startup World Cup 2023 in Silicon Valley, USA, in December. It won Ignite 2022’s Startup World Cup x Wildfire Pitch competition in October last year. Packworks was established in 2018 out of a passion project by Tan alongside co-founders Ibba Bernardo and Hubert Yap. The trio started as motorbike buddies before forming a company delivering solar panels to provinces and far-flung places across the country. During their excursions, they saw firsthand the challenges brought by limited access for sari-sari store owners and embarked on developing an application for small store businesses to have a one-app stop for all their needs. Launched as a solution for multinational companies with only a handful of sari-sari store partners, Packworks has rapidly expanded as a platform to ease the supply chain ecosystem, from small sari-sari store owners to wholesalers, distributors, and renowned companies and brands. With about 75 percent of sari-sari stores owned by women, Packworks also works to empower female entrepreneurs. The company raised $2 million in seed funds in August last year and is backed by ADB Ventures, Arise, CVC Capital Partners — Fast Group, IdeaSpace Foundation and Techstars. The post Forbes Asia fetes start-up enabler appeared first on Daily Tribune......»»
Globe brushes off SIM listing impact
Ayala-backed Globe Telecom Inc. hurdled the mandated subscriber identity module, or SIM, registration unscathed as its mobile business revenues remained robust. The company’s mobile business slightly grew in the first half with P54.8 billion in revenues, a one percent increase from the P54 billion a year ago. “We see that SIM registration has no material impact on revenues. We’ve observed our top-ups remain unaffected and acquisitions in the last five weeks are still at least 50 percent higher than pre-deadline run rates,” Darius Delgado, head of Globe Consumer Mobile Business, said. He added: “It’s evident that we have already covered 99 percent of our revenue base.” 30M churned Delgado explained that the 30 million unregistered SIMs Globe deactivated after the SIM registration deadline are predominantly inactive. They were the result of push-selling activities in the past, which were discontinued in the latter part of 2022. Globe’s 53.7 million registered SIMs account for over 99 percent of its revenue-generating subscriber base, consistent with company guidance that the SIM registration exercise will not have any impact on its top-line results for the year. The SIM Registration Act mandated all mobile phone and prepaid broadband users to register their existing SIMs by 25 July, or face SIM deactivation. It was implemented to curb the spread of scams and spam messages. Meanwhile, Issa Guevarra-Cabreira, chief commercial officer of Globe, reiterated the company’s focus on customer quality over quantity. “As we’ve always emphasized, we do not focus on subscriber count but rather on the quality of customers. And we have seen that our ARPUs are improving quarter on quarter as mobility increases,” she said. “This is despite the headwinds that we’re anticipating in the back half, perhaps driven also by the back-to-school and the economic activity that has returned to the country,” she added. The post Globe brushes off SIM listing impact appeared first on Daily Tribune......»»
Embattled Palawan mining company bows to SC ruling
PUERTO PRINCESA CITY, Palawan — Mining firm Ipilan Nickel Corporation in Palawan welcomed the Supreme Court’s issuance of a writ of kalikasan as it said offers the opportunity to clarify “recurring baseless allegations” regarding its business. Ipilan Nickel Corporation or Ipilan also reaffirmed its commitment to adhere to the responsible mining regulations mandated by the government which includes practices and policies aimed at minimizing environmental impact, ensuring the welfare of local communities, and following sustainable mining practices. In a statement on Thursday, Ipilan said that the SC’s decision is an opportunity for it to clarify and refute recurring baseless allegations about its operation in Barangay Maasin in Brooke’s Point town, which various government organizations have consistently proven to be untrue. “This ruling does not interrupt Ipilan’s operations, as the petition for a Temporary Environmental Protection Order has been rejected,” said Ipilan. “We welcome this development as an opportunity to address and dispel recurring baseless allegations that have consistently been refuted by various governmental bodies.” Ipilan added that the petition against its mining operation is filled with distortions and inaccuracies, implying an intention to weaken its lawful activities by inciting negative opinions about mining and misleading the public. Unlike the claims of the petitioner, the mining firm claimed that it obtained an exemption Certification Precondition from the National Commission on Indigenous Peoples in 2006. It also contended that the validation of pre-existing contracts like the Mineral Production Sharing Agreement with the government is backed by Proclamation 1815, which identifies the Mt. Mantalingahan Mountain Range as a safeguarded zone. “It is important to note that the company refrains from mining within the overlapping area. The allegations related to tree-cutting activities were conducted under the authority of a valid permit, upheld by the court,” Ipilan said. Encompassing 120,457 hectares across the municipalities of Bataraza, Brooke’s Point, Quezon, Rizal, and Sofronio Espanola in Southern Palawan, the mountain range serves as a vital biodiversity hotspot, providing habitat for a diverse array of plants and animals. Meantime, anti-mining group Environmental Legal Assistance Center, represented by its executive director Atty. Grizelda Mayo-Anda, also welcomed the Supreme Court’s decision as a favorable “precedent” for the province known as a Biosphere Reserve. Anti-mining advocates claim that aside from not having CP that verifies the completion of the free and prior informed consent process with Indigenous Cultural Communities and Indigenous Peoples for projects, Ipilan’s mining operation is also gravely affecting Mt. Mantalingahan. The post Embattled Palawan mining company bows to SC ruling appeared first on Daily Tribune......»»
Senators weigh in on Marcos’ Manila Bay reclamation suspension order
President Ferdinand Marcos Jr.'s latest directive halting reclamation works in Manila Bay gained mixed reactions from senators. In separate statements on Wednesday, lawmakers from the upper chamber expressed support for the recent directive on the Manila Bay reclamation activities which is linked to massive floodings in Metro Manila and nearby provinces. Senator Joseph Victor “JV” Ejercito, who earlier urged the Philippine Coast Guard and the Philippine Navy to inspect the Chinese vessels undertaking the reclamation in Manila Bay, backed the suspension order. “That is a very welcome development. I support the President’s decision 100 percent,” Ejercito said. Marcos ordered the suspension of all the reclamation projects in Manila Bay except one that he did not identify. Senator Risa Hontiveros also welcomed the chief executive’s suspension of reclamation projects in Manila Bay, particularly those handled by the China state-owned China Communications Construction Co. or CCCC. “We should not take risks with companies like the CCCC,” Hontiveros said in a separate statement. “The government should self-control on projects that destroy the environment. When there is a change in the natural resources, it will be difficult to fix,” she added. Earlier this month, the government of the United States, through its Embassy in the Philippines, expressed concerns over the “negative long-term and irreversible” impact on the environment of the ongoing reclamation projects in Manila Bay, particularly those linked to the CCCC. Of 32 ongoing reclamation projects in Manila Bay, China Communications Construction Co., or CCCC, is involved in two projects such as the Pasay Harbor City Reclamation Project and Manila Waterfront City Development Project. The CCCC is a firm that was added to the US Department of Commerce’s Entity List for its role in helping the Chinese military construct and militarize artificial islands in the South China Sea. “The company has also been cited by the World Bank and the Asian Development Bank for engaging in fraudulent business practices,” the embassy said. While many senators supported the President’s decision, Senator Robinhood “Robin” Padilla seems to be against the suspension of reclamation activities in Manila Bay. During the hearing of the Senate Committee on Public Works, where proposed measures including those on flood control projects were taken up, Padilla clarified that he is not against the reclamation activities in Manila Bay. “Reclamation is considered a sign of progress in a country. I am not against it,” he said. Citing many countries and territories such as The Netherlands, Singapore, Macau, Hong Kong, and Dubai that he visited which have reclamation projects, but are not marred by flooding, Padilla said the Department of Public Works and Highways must implement reclamation projects properly. “You in the DPWH should be aware that flooding has affected not just Bulacan but also Pampanga and Nueva Ecija, which are agricultural areas,” he said. “If flooding affects farmers and their produce, this will lead to importation, and our problems will never end,” he added. He continued: “We are all public servants. I repeat that I am not against reclamation, but I hope the problem of flooding can be solved.” The post Senators weigh in on Marcos’ Manila Bay reclamation suspension order appeared first on Daily Tribune......»»
Graft buster clears Cusi
Citing the presumption of regularity, the Office of the Ombudsman threw out the graft complaint of a New York-based billionaire against former Energy Secretary Alfonso Cusi, other Department of Energy officials, Davao City-based executive Dennis Uy, and several others over the sale of 90 percent of the shares of the Malampaya natural gas consortium. On 18 October 2021, US-based geologist Balgamel Domingo and Filipino-American anti-Duterte leaders Rodel Rodis and Loida Nicolas-Lewis filed charges against Cusi, Uy, and the others involved in the sale of the Malampaya stake to the Udenna group of Uy. In a copy of the ruling obtained by the Daily Tribune, the Ombudsman said it could not delve into the complaint on the legality of the transaction since “the authority to make such a determination belongs to the court.” “Seemingly, this complaint is in actuality a collateral attack on the validity of the Share Sale and Purchase Agreement,” it said. The decision declared that “matters of such tenor are not determinable in a preliminary investigation before the Ombudsman’s Office.” “Without any judicial determination decreeing the illegality of the Share Sale and Purchase Agreement, this Office is left with nothing but to acknowledge its validity,” the ruling said. The Ombudsman cited a precedent in the case of Teresita Buenaventura vs Metrobank, in a ruling that stated: “The burden of showing that a contract is simulated rests on the party impugning the contract.” “This is because of the presumed validity of the contract that has been duly executed,” the Ombudsman ruling read. “Wherefore, the criminal charges for violation of Section 3(e) and of Republic Act 3019 against the respondents are dismissed for lack of probable cause.” The ruling was signed by members of a Special Panel of Investigators composed of Ronald Allan Ramos, Josephine Mae Rosapapan, Francisco Alan Molina and Bonifacio Mandrilla. Prime takes control The operation of the Malampaya project was recently assumed by the Razon group’s Prime Energy which bought a 45-percent stake from Malampaya Energy XP, or MEXP, of the Udenna group. MEXP had bought the shares of Shell Philippines Exploration B.V., or SPEX, in the consortium. The Department of Energy had branded the complaint a political move since the two Fil-Am lawyers in the suit were prominent in the “Oust Duterte” movement in the United States. The complaint alleged that Cusi and other energy officials had granted “unwarranted benefits and advantage” to Uy’s UC Malampaya in the buyout of Chevron’s share in the consortium. Udenna, through spokesperson Raymond Zorilla, said there is “no law requiring approval of the transfer of shares of companies that have an interest in Malampaya.” Zorilla said the transfer of Chevron and Shell shares underwent strict bidding processes and due diligence by both multinational oil and gas players. “The share sales were above board and legal and had to pass scrutiny by Philippine regulators, international lenders, and the said private multinationals involved,” Zorilla added. Cusi, in an interview with Daily Tribune, had said the DoE was not involved in choosing the buyer of the shares of Shell and Chevron in the Malampaya project. “The DoE did not get involved in the sale (of shares). We don’t know that they are selling. Our question was what their standards are for choosing Udenna. Why didn’t you choose the big companies, and why Udenna?” he said. Industry experts said the sale of shares was a private transaction that the accusers, who are US lawyers, should have been very familiar with. Cusi said the DoE, during his watch, went beyond its mandate by reviewing the technical, legal, and financial aspects of the transactions, the results of which were provided to the public. Political agenda The complaint, he said, had an underlying political agenda connected to his being the head of President Rodrigo Duterte’s Partido Demokratiko Pilipino-Lakas ng Bayan or PDP Laban. “It is not only political propaganda against me, but it also has a destabilization background… because I’m the president of the PDP.” The complaints, in turn, stemmed from the unending Senate inquiries on the Malampaya deals. The DoE said the Senate probes and the controversies that resulted from them had caused costly delays in the review process that would ultimately affect the country’s energy security. To refute a recent remark by Senator Sherwin Gatchalian, the DoE, in a statement said: “The inquiries of Senator Gatchalian are causing undue delay to the timeline of the consortium corporations, and this may eventually take its toll and put our energy security at risk.” The DoE’s approval of the sale of shares of stock of Chevron Malampaya LLC, one of the three corporations in the Malampaya Gas Field Project Consortium, had been dubbed by Gatchalian, chairman of the Senate Committee on Energy, as “lutong Macau.” It also backed the Udenna assessment that the deals were above-board. “When the sales were made, both Chevron Philippines, which owned Chevron Malampaya, and Shell Petroleum NV, owner of SPEX, followed rigorous global standards,” the DoE said. Nicolas-Lewis was part of a 25-person delegation from the US-Philippines Society, a private group comprising business executives and diplomats, who met with Duterte a week before his inauguration as president in 2016. Nicolas-Lewis was then accompanied by former Philippine Ambassador to the US Jose Cuisia, PLDT chair Manuel V. Pangilinan, retired American diplomats, and executives of Coca-Cola, SGV, JP Morgan, and other top corporations. Nicolas-Lewis is the sister of former National Anti-Poverty Commission chairperson Imelda Nicolas, who was one of the “Hyatt 10” Cabinet members who turned against then-President Gloria Macapagal-Arroyo in 2005. Imelda and most of the Hyatt 10 members ended up getting key posts in the administration of President Benigno “Noynoy” Aquino III. Imelda was made head of the Commission on Filipinos Overseas. Nicolas-Lewis plot bared In February 2018, former President Duterte bared intercepted conversations that indicated Nicolas-Lewis was behind efforts to push the International Criminal Court, or ICC, to probe his war on drugs. Duterte revealed a recorded conversation between Lewis and another political opponent whom he did not name. “I was listening to the tapes of their conversation. It was provided to me by another country, but the conversation was somewhere in the Philippines and New York,” Duterte said. He said that among the recordings was one in which Lewis allegedly told another person: “See you in the headquarters when the case is filed.” Duterte then said in a public address that he was aware of developments on the ICC case and that lawyer Jude Sabio, the main complainant in the case, was a paid hack of Magdalo Senator Antonio Trillanes IV and Rep. Gary Alejano, both failed putschists. Sabio withdrew his complaint before the ICC and revealed that the case was the handiwork of the dirty tricks factory of Trillanes. In 2016, Duterte pointed to Lewis as the financier of an alleged destabilization plot against his administration. Nicolas-Lewis invested heavily in the failed presidential campaigns of Liberal Party bets Mar Roxas in 2016 and Vice President Leni Robredo in 2022. The post Graft buster clears Cusi appeared first on Daily Tribune......»»
Coffee venture expands wings
Homegrown coffee producer Allegro Beverage Corporation, or ABC, will soon bring its brands to Palawan and Legazpi City in Albay to provide more of its imported, industry-preferred espresso machines, brewers, coffee beans, syrups, sauces, and teas. On Monday, ABC unveiled its new Mandaluyong headquarters while announcing its collaboration with UCC Japan, which owns a 65 percent share of UCC Philippines. In 2018, ABC entered a strategic alliance with UCC Japan, the 5th largest coffee company in the world, which now owns majority ABC stake. ABC chief executive officer Yasmin Vasquez said synergy with UCC sets them apart from competitors. “ABC is the only coffee distributor in the Philippines that is backed by a global brand. It is looking into expansion in terms of the types of products we carry, so we are covering it right now with traditional and fully automatic espresso machines. We have premium brewed coffee from Italy, freshly roasted by UCC for us,” she said. Vasquez said they are now selling espresso machines to those who want to have freshly brewed coffee in the comfort of their home, apart from the machines supplied to hotels and coffee shops. “We will try to bring in more home-use equipment and other products that we think meet our goal of being a holistic coffee provider in the country,” she stated. Vasquez said their products are not only seen in restaurants, coffee shops, and hotels in Metro Manila but also in provinces, including Cebu, Davao and Pampanga, while their dealers have branched out in Iloilo, Bohol, Quezon, Laguna, Cavite and in Pangasinan. Synergy with UCC UCC is an integrated family-owned coffee business from plantations, roasting facilities, and product distribution to equipment maintenance services. “UCC Japan is involved in coffee equipment manufacturing in Japan, called Lucky Coffee Machine, as well as involved in coffee manufacturing, coffee shops, and education as it has its own Coffee Academy. On the other hand, UCC Philippines is into manufacturing and creating business-to-business programs and has another company that handles the coffee shops and another company that owns an academy. UCC Philippines is basically duplicating what UCC Japan has been doing,” UCC Philippines president and chief executive officer Hubert Young said. Young said UCC has been “very picky” with franchisees and does not just entertain those franchisees that have a lot of money to spend but do not have a passion for coffee. “Because at the end of the day, it’s the branding of the UCC that I am making sure maintained,” Young maintained. He said owning a franchise costs P16 million for a 150 square meters stand-alone coffee shop, with a break-even return of investments of five years maximum. The post Coffee venture expands wings appeared first on Daily Tribune......»»
Thai reformist Pita’s PM bid crashes on establishment opposition
Thai reformist leader Pita Limjaroenrat's bid to become prime minister ended Wednesday, despite his party winning the most votes in May elections, after the military and pro-royalist establishment blocked his bid for power. Pita's Move Forward Party (MFP) has ridden high on the support of young and urban Thais frustrated by nearly a decade of army-backed rule, but its efforts to form a government have stumbled. The 42-year-old was dramatically suspended from parliament while seated in the chamber for discussions on his candidacy, which came to an end when lawmakers voted to refuse considering him for a second ballot. "I would like to say goodbye until we meet again," he said, raising his fist as he left the assembly floor to the cheers of party allies. Pita's suspension came when Thailand's Constitutional Court said it would proceed with a case that could see the leader disqualified from parliament altogether for owning shares in a media company. Lawmakers are forbidden from doing so under Thailand's constitution, though the television station in question has not broadcast since 2007. Pita, Harvard-educated and wealthy from a family-run agrifood business, has said the shares were inherited from his father. He has 15 days to respond to the case. After he left the parliament, lawmakers voted by a large margin to rule that he could not be considered for the post a second time. "Pita can't be nominated twice in this parliamentary session," speaker Wan Muhamad Noor Matha said, over howls of protest from within the chamber, immediately before the day's proceedings were called to an end. Dozens of supporters cried and shouted abuse at a large riot police cordon guarding the gates of parliament after news of Pita's suspension broke. "Why even ask people to go to the polls?" one protester, who did not give his name, told AFP. Protesters began gathering in the evening for a public rally near Bangkok's Democracy Monument and police said they were prepared for any unrest. "No matter what their opinions are, they need to follow rules and orders set by the police," said Archayon Kraithong, a spokesman for the Royal Thai Police. Roadblocks Pita's first tilt at the premiership failed when he fell dozens of votes short of the required support in a joint parliamentary sitting. Thailand's senate is stacked with military appointees, with only 13 of 249 serving senators voting for Pita last week. Other roadblocks have been thrown in front of his Pita's candidacy. The court has also agreed to hear a case alleging that MFP's campaign promise to amend Thailand's royal defamation law is tantamount to a plan to "overthrow" the constitutional monarchy. Pita's party has refused to compromise on its pledge to revise the law, which can allow convicted critics of the monarchy to be jailed for up to 15 years. The MFP's reformist platform also poses a threat to family-owned business monopolies that play an outsized role in the kingdom's economy. The Constitutional Court has intervened in Thai politics before. The billionaire leader of MFP's predecessor party, Thanathorn Juangroongruangkit, was disqualified as an MP in 2019 after falling afoul of the same shareholding rule. Compromise candidate Pita has vowed to step aside to make way for another party to form a government if his second attempt fails. The coalition backing him is expected to fall in line behind property tycoon Srettha Thavisin, potentially relegating MFP to serve in opposition. Srettha's Pheu Thai party is seen as a vehicle for the Shinawatra political clan, whose members include two former prime ministers ousted by military coups in 2006 and 2014. But as a successful entrepreneur liked by fellow business leaders, the 60-year-old is seen as a potential compromise acceptable to the Thai elite. Prawit Wongsuwan, 77, a former Thai army chief who served as number two in the junta that took power in 2014, has also been floated as a candidate by parliament's military bloc. Thai voters roundly rejected army-backed parties in May's election. Political analyst Thitinan Pongsudhirak told AFP the prospect of a military presence in the next government could spark a backlash in a country that is no stranger to political unrest. The post Thai reformist Pita’s PM bid crashes on establishment opposition appeared first on Daily Tribune......»»
Rioting costs France damages worth over 1B euros
Days of violent protests in France cost more than one billion euros in damage to businesses ransacked by rioters. The government had by Tuesday counted attacks on 10 shopping malls, 200 supermarkets, 60 sporting goods shops, almost 440 tobacconists and 370 bank branches since 27 June. Geoffroy Roux de Bezieux, head of employers’ organization Medef, said in an interview with the Parisien daily on Monday that the figure excludes cost to tourism. President Emmanuel Macron suggested Tuesday that the “peak” of rioting “has passed” but Abdelhamid Faddeoui, head of Aetos Private Security based near Paris, said “everyone is afraid that this is just a false calm” and “most of my clients are keeping up a high level of security.” Joseph Guret, whose tobacco shop outside Paris was gutted, complained that he has nothing left. The 30-year-old shop owner said his tobacconist in Neuilly-sur-Marne was attacked by 10 people on Thursday night who “took everything they could” and then “burned everything.” With some shop owners talking about going out of business in the wake of attacks, Economy Minister Bruno Le Maire has vowed government aid and pushed insurers and banks to help out. “When your shop has been totally burned down, when your whole life’s work is turned to ash, the state has to be there by your side,” he said Tuesday, promising “case-by-case cancellations of tax and social charges for the worst-affected shopkeepers.” France Assureurs president Florence Lustman told broadcaster Franceinfo that 5,800 claims had reached insurers, worth “at least 280 million euros” — significantly higher than France’s three-week riots in 2005, which totalled 204 million. Daniel Baal, general manager of cooperative bank Credit Mutuel Alliance Federale, said his firm would offer affected businesses holidays from loan payments or short-term overdrafts to get through the toughest times. The rioting, sparked by the killing of 17-year-old Nahel during a police traffic stop in a Paris suburb on 27 July, saw the interior ministry deploy 45,000 officers overnight backed by light armored vehicles and crack police units to quell the violence. WITH AFP The post Rioting costs France damages worth over 1B euros appeared first on Daily Tribune......»»
5-star resort hotel soon to rise in Samal
Right down south of the Philippines, by the coasts of the largest resort city, is a grand resort to be unveiled by Discovery Hospitality Corporation. Discovery Samal is the newest five-star resort hotel in Davao del Norte by the redefined Discovery Resorts brand. Discovery Hospitality Corporation is the leading name in luxury hospitality management and services in the Philippines. For more than two decades, the group has produced and managed award-winning hotels and resorts across the country. Its portfolio includes the award-winning Discovery Shores Boracay and Club Paradise Palawan, which will both be rolling out their new faces in the coming months. The upcoming Discovery Samal is a state-of-the-art resort and destination that marries modern luxury with the innate beauty of the Island Garden City of Samal, Davao del Norte. To be built and situated in a region so rich and vibrant with culture and life, it is set to put a spotlight on and lead the island for both tourism and business. Conveniently located five minutes away from Davao City, the sprawling resort features multiple levels of accommodations, from the nine private villas, each with its own dipping pool, to the 128 hotel suites, 15 executive suites and the most spacious and Grand Signature Suite. In collaboration with the renowned and respected architect Ed Ledesma and interior designer Manny Samson, these spaces are tastefully curated and developed with interiors where classic features meet modern accents. Any type of traveler, whether families, groups of friends, honeymooners or simply to unwind in a private space, is welcome, and comfort, privacy and grandeur await. From the levels of accommodation also come the different heights of activities for adventure seekers. Discovery Samal features the biggest stretch of resort beach in the whole of Samal. It has a large infinity pool for that beach club experience where cocktails and bites are served daily. Right up to the central villa area is another pool exclusive to villa guests, and further up to the hotel section is an expansive infinity pool for everyone to enjoy. All of these offer the most stunning views of the Davao Gulf and the city. [caption id="attachment_151758" align="aligncenter" width="525"] Photographs courtesy of DISCOVERY SAMAL | DISCOVERY Samal’s infinity pool.[/caption] Discovery Samal also offers a rich gastronomic experience through its five distinguished dining outlets, each with its own unique culinary concepts to provide a diverse range of flavors to satisfy any palate. From seafood specialty dining with morning catch to vibrant al fresco lounging with Haribar, a wide variety of flavors at The Shoreline, easy bites at Garden City Cafe, and an intimate specialty restaurant soon to open, each dining outlet is guaranteed to deliver world-class cuisine and exceptional service. Another central feature of the resort is its expansive convention venues that cater to various events, from corporate gatherings to grand celebrations. Equipped with advanced facilities that can accommodate up to 1,200 people, perfect for executive gatherings and elaborate destination weddings. Backed by more than 20 years of experience in championing Filipino hospitality, DHC has turned prime locations into dream destinations with its award-winning hotels and resorts as part of its shared services on product development, experience design, branding and pre-opening requirements, the group continues to seek and cultivate new developments as it forges iconic and forward-thinking brands and remarkable experiences that build superior value and leave a profound impact on travelers. The post 5-star resort hotel soon to rise in Samal appeared first on Daily Tribune......»»