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Diageo taps K-pop star Suho to promote responsible drinking
Diageo Philippines announced the launch of a new regional responsible drinking campaign in Asia Pacific with Suho of K-Pop boy group EXO, to promote responsible and moderate alcohol consumption......»»
LIVE UPDATES: Philippines vs Chinese Taipei – FIBA Asia Cup Qualifiers
Gilas Pilipinas aims to make fans happy as it shoots for a successful homestand against Chinese Taipei to end the first window of the FIBA Asia Cup Qualifiers.....»»
Cone wants Gilas ‘to stay with the process’ as it aims to reach the Olympics
'We want to be thinking about goals, but it’s more important for us to be growth-oriented,' says Tim Cone as Gilas Pilipinas opens its campaign in the FIBA Asia Cup Qualifiers.....»»
PH eyes aviation investments in Singapore Airshow
The government aims to attract investments for the Philippines’ aviation sector at the upcoming Singapore Airshow, aiming to position the country as a travel and trading hub in Asia-Pacific and a starting point for North America, a senior official of the Department of Transportation said on Friday. Transportation Undersecretary Roberto Lim highlighted the importance of.....»»
Bolts in must-win situation vs ‘Linsanity’
Meralco aims to ring in the New Year with an all-important victory in the East Asia Super League today against Jeremy Lin and New Taipei at the PhilSports Arena......»»
Asia and the Pacific Food Security Forum 2024: Addressing a regional crisis and fostering long-term resilience
Manila [Philippines], December 30 (ANI): In response to the escalating food crisis in the Asia-Pacific region, the Asia and the Pacific Food Security Forum 2024 is set to convene from April 8 to 12, 2024, at the Asian Development Bank (ADB) Headquarters in Manila, Philippines. This hybrid event aims to bring together stakeholders from diverse sectors to strategize and implement actions to mitigate the immediate challenges.....»»
Bigger, better IM 70.3 Puerto Princesa up
The IRONMAN 70.3 Puerto Princesa aims to surpass the success of its inaugural staging in Palawan last year in terms of participation and impact with its second edition on Nov. 12 serving as host to the Asia TriClub and Relay Championship......»»
Ironman 70.3 Puerto Princesa tries to outdo debut
The IRONMAN 70.3 Puerto Princesa aims to surpass the success of its inaugural staging in Palawan last year in terms of participation and impact with its second edition on November 12 serving as host to the Asia TriClub and Relay Championship......»»
True Filipino fiesta and music
Coca-Cola Philippines recently brought together thousands of Filipinos at their historic and grandest event yet — the #CokeKAINation. The Mall of Asia’s open spaces were transformed into a sizable picnic area, complete with hundreds of picnic tables bedecked with assorted Pinoy delicacies. There were endless glasses of ice-cold Coca-Cola for everyone to enjoy — a true Pinoy feast. More than 3,000 food lovers and fun-loving individuals came for the salu-salo, exchanging stories and making memories. Rising P-pop girl group BINI and performers Darren Espanto and Sam Concepcion graced the occasion with electrifying performances. Small Laude and Ninong Ry, two renowned influencers who are big lovers of salu-salos and Coke, were also present. The celebration marked Coca-Cola’s 111 years of being a staple of every Filipino family’s lunch. No matter how little the moment, Coca-Cola reaffirmed its commitment to making mealtimes magical for all Filipinos at this salu-salo. “The love for food and experiences is something that’s always been strongly present in Filipinos, especially in today’s youth. At Coca-Cola, we understand that many of our Gen Z Pinoys wish to share these moments with other people. And with #CokeKAINation, we combine all their different interests into one immersive experience full of food, music and amazing activities — like the classic Pinoy fiesta we all love,” said Adrian Manlapig, Coca-Cola Philippines marketing manager. The #CokeKAINation is part of the “Coke is Cooking” meals experience platform that the beverage company is introducing to the world. The #CokeKAINation, the first global meals platform, uses the various consumer passion points, including food, music and entertainment, to connect and engage with their consumers on a deeper level. It aims to celebrate the rich food culture and improve people’s dining experiences in various parts of the world. From restaurants to food stalls, Coca-Cola has surely unlocked the magic behind enjoying any kind of meal — and that is by pairing it with an ice-cold, thirst-quenching drink and in the company of friends and family. Coca-Cola Philippines looks forward to sharing more magical meal moments with Filipinos for many more years to come. The post True Filipino fiesta and music appeared first on Daily Tribune......»»
Phl economy still strongest this year — RCBC
The Philippine economy will remain among Asia’s strongest in the fourth quarter despite a possible higher interest rate because of strong consumer demand for certain products and services and more employed Filipinos, the chief economist of Rizal Commercial Banking Corporation said Saturday. “This growth forecast is still among the fastest in the region because our economy is doing well,” RCBC’s Michael Ricafort said. The World Bank recently downgraded this year’s Philippine economic growth to 5.6 percent from 6 percent due to inflation risks, apart from lower government spending and weaker demand for exports. However, it is still higher than China’s 5.1 percent, Indonesia’s 4.9 percent, and Malaysia’s 4.3 percent growth forecast. Ricafort said the Bangko Sentral ng Pilipinas (BSP) might raise its policy rate this year to slow inflation to 4 percent by year-end after it accelerated again to 6.1 percent last month. “The BSP is working to bring down prices of goods and services. As an unintended consequence, the economy could slow down. Borrowing costs for business owners also increase and consumer demand weakens,” he said. Ricafort said global oil prices have started falling which could discourage the central bank from raising its rate drastically. “Global oil prices have declined to $82 to $83 per barrel from a peak of $95 per barrel last month or since the war between oil-rich countries Russia and Ukraine began,” the economist said. He also expected a downtrend in rice prices starting this month as he said local farmers have begun collecting fresh harvests. “Inflation quickened last month mainly from higher prices of rice which accounted for nearly 9 percent of the inflation basket and grew 17 percent year-on-year,” Ricafort said. While a higher interest rate aims to slow consumption, Ricafort said the continued flow of remittances from overseas Filipino workers, or at least 3 percent growth yearly will still support substantial levels of consumer spending, especially during the Christmas season. “That is more than $40 billion a year. That’s the fourth largest in the world after India, China and Mexico,” the economist said. He added more Filipinos or 800,000 could earn from business process outsourcing or BPO this year as the industry’s revenue could rise from $32.5 billion to $59 billion based on data from the Contact Center Association of the Philippines. Another growth area is tourism, which Ricafort said saw 4 million foreign visitors last month, nearing the 4.8 million full-year target of the government. He added higher productivity among Filipinos is also expected as the country’s unemployment rate declined to 4.4 percent in August from 4.8 percent in July, based on data from the Philippine Statistics Authority. Moving forward, Ricafort said the government must improve science and technology education for higher quality jobs and increase spending on infrastructure amid the full reopening of most economies. “We are now fully reopened. Students are also back in schools which encourages putting up food businesses. Labor market in the US also improved which will affect export trade,” he said. Ricafort added the government could continue distributing financial and other assistance to farmers to control inflation. He believed the inflation rate will approach 3 percent next year, close to the ideal 2 percent for healthier economic growth. The post Phl economy still strongest this year — RCBC appeared first on Daily Tribune......»»
Alternergy rechannels IPO money for wind projects
Due to the massive potentials of wind energy as a viable power source, listed renewable energy firm Alternergy Holdings Corp. is reallocating the proceeds of its initial public offering or IPO to provide additional financial support to two of its wind projects. The company informed the Philippine Stock Exchange on Friday that its Board of Directors approved the plan to expedite the development of the projects. Alternergy said the Tanay and Alabat Wind Power Projects, which won in the Green Energy Auction 2 of the Department of Energy, will receive increased funding from its maiden offering. Specific development timeline “Tanay and Alabat Wind Power Projects are following a specific development timeline under GEA 2. Alternergy is fully intent to proceed with the activities leading to immediate construction by the first quarter of 2025 and thus, the reallocation of the IPO proceeds,” Alternergy chairperson Vicente Pérez Jr. said. “The reallocation of proceeds will be a boost for now while the project funding for construction is being finalized,” Gerry Magbanua, Alternergy president, added. The IPO proceeds were supposedly for the Lamut Run-of-River Hydro Power Project and the Offshore Wind Power Projects. Despite the changes, the company assured that pre-development activities for these projects would continue despite the lower budget. “Permitting and securing endorsements and clearances as well as conduct of initial technical studies would proceed,” Pérez said. “We are already on the ground in Lamut, Ifugao engaging the local community while we are in more detailed technical studies for the offshore wind projects. As these activities progress, additional funds will be channeled to support the work programs,” he added. Three leading investment banks tapped Alternergy announced last Monday it has tapped three leading investment banks — BPI Capital, RCBC Capital, and SB Capital — as lead arrangers to raise P12-billion project finance structure for the Tanay and Alabat Wind Power Projects. Alternergy has been investing a significant amount to expand its clean energy portfolio. It aims to develop up to 1,245 MW of additional wind, offshore wind, solar and run-of-river hydro projects. Alternergy was involved in the development of the 33-MW Bangui Bay wind farm in Ilocos Norte — the first commercial wind farm in Southeast Asia at that time. The post Alternergy rechannels IPO money for wind projects appeared first on Daily Tribune......»»
Bong Go to DTI: More livelihood opportunities for poor
Senator Christopher “Bong” Go expressed his support for the proposed budget for the Department of Trade and Industry (DTI) and its attached agencies during the Senate Finance sub-committee hearing on Tuesday, 3 October. He however appealed to the concerned agencies of government, particularly DTI, to address rising prices of commodities, mitigate the impact of inflation, and provide more livelihood opportunities for the poor to help them recover from the pandemic and other recent crises. “Bigyan po ninyo ng mas maraming oportunidad na makabangon ang mga mahihirap. Ang maayos na kabuhayan ang isa sa mga magiging susi sa pagginhawa ng pamumuhay ng bawat pamilyang Pilipino,” he explained. “Trabaho po ng DTI na bantayan rin ang mga presyo ng bilihin lalo na ngayon na lumalala ang inflation. Bagamat hindi natin kontrolado ang global factors na nagdudulot nito, sikapin dapat ng gobyerno na pagaanin ang hirap na dinadala ng ating mga kababayang pinakanangangailangan,” he appealed. Go’s stance comes in the wake of the recent Pulse Asia survey, conducted from 10 to 14 September, which showed that poverty and inflation were identified as two of the most pressing concerns. It is for this reason that the senator has urged the government to prioritize the creation of better job opportunities as a crucial step towards alleviating the suffering of the people and stabilizing the country's economy. “Nais kong iparating ang aking suporta para sa proposed budget at mga programa ng DTI. Ang DTI ay may malaking papel sa pagpapalago ng ating ekonomiya at pagpapabuti ng kalagayan ng ating mga negosyante at manggagawa,” said Go. Through Senator Mark Villar who presided over the budget hearing, Go manifested his support for DTI as it plays a pivotal role in shaping the economic landscape of the country, considering that it is responsible for crafting and implementing policies, programs, and projects that promote a competitive and innovative business environment. “Sa pagtugon sa mga hamon ng kasalukuyang panahon, napakahalaga na maglaan tayo ng sapat na pondo para sa DTI upang maipagpatuloy nila ang kanilang mahalagang mga proyekto at programa. Sa tulong ng mga programa ng DTI, mas mapapaunlad natin ang sektor ng negosyo sa bansa at mas magkakaroon tayo ng mas maraming pagkakataon para sa trabaho at kabuhayan,” he added. Moreover, Go said that the department is entrusted with the vital task of supporting micro, small, and medium enterprises (MSMEs) that constitute the backbone of the Philippine economy. These businesses are crucial in generating employment and driving economic growth. Go highlighted Republic Act No. 11960, or the One Town, One Product (OTOP) Philippines Act. Authored and co-sponsored by Go, the OTOP Philippines Program is a government-led initiative that allows each town or city in the country to capitalize on a unique product or service that embodies its identity, culture, and traditions. “Sa tulong ng batas na ito, ating pinapalakas ang mga lokal na negosyo sa bawat bayan at siyudad sa bansa. Ipinapaabot natin sa kanila ang suporta na kinakailangan nila upang mapanatili ang kanilang operasyon at maabot ang mas malawak na merkado,” Go said, adding that by leveraging local resources, the program not only invigorates economic activities but also fosters cultural preservation. Meanwhile, Go also co-sponsored Senate Bill No. (SBN) 2021, which aims to institutionalize the Shared Service Facilities (SSF) project under DTI. The proposed measure seeks to amend RA 6977 or the Magna Carta for Small Enterprises as amended by RA 9501, also known as the Magna Carta for MSMEs. If enacted, the SSF program would offer more cost-effective solutions to MSMEs by providing access to shared facilities and services that will help them improve the quality and productivity of their products, including equipment, tools, and machinery that they can use to upgrade their production processes that are typically expensive for individual MSMEs. During the previous administration, Go advocated for the Pangkabuhayan sa Pagbangon at Ginhawa (PPG) program which seeks to aid micro, small, and medium enterprises in crises and provide livelihood opportunities to more Filipinos. “Sa programang ito, tuturuan ang mga benepisyaryo na magnegosyo at bibigyan ng suporta para palaguin ito. Masarap sa pakiramdam kapag pinaghirapan at pinagpawisan ang iyong negosyo, napalago ito, at naiuwi sa pamilya ang kinita mula dito,” he said. He continues to support the implementation of the program to help more Filipinos in need of government support amid trying times. Last year, Go successfully appealed for the budget allocation for the PPG program during the deliberations on the 2023 budget of the DTI. “Marami pong nawalan ng trabaho, maraming nagsara na negosyo dahil po sa pandemya kaya naman napakahalagang maipagpatuloy ang programang ito,” he said. “Isa itong paraan upang maipakita natin ang ating malasakit sa mga Pilipinong apektado ng iba't ibang krisis, mula sa nakaraang pandemya hanggang sa mga kasalukuyang kalamidad, at mabigyan sila ng bagong pag-asa na magkaroon ng maayos na kabuhayan,” he added. Furthermore, Senator Go filed SBN 420, which aims to establish the Rural Employment Assistance Program (REAP) that will be operated under the purview of the Department of Labor and Employment (DOLE). The primary objective of this proposed program is to offer temporary employment opportunities to individuals experiencing economic hardships, poverty, displacement, or seasonal unemployment. By creating such opportunities, REAP can assist those affected in achieving financial stability during challenging periods. The post Bong Go to DTI: More livelihood opportunities for poor appeared first on Daily Tribune......»»
Aviation decarbonization needs gov’t backing
The aviation sector, poised to become a major economic growth driver, is one of the main contributors to global carbon emissions. Industry players are, thus, rushing to decarbonize their operations by using sustainable aviation fuel or SAF. However, Cebu Pacific Chief Strategy Officer Alex Reyes argued that the initiative needs government support before it can fully take off. For instance, he said government partners could "put in the proper incentives so that more capital flows into this vital industry." “There needs to be a coordinated effort throughout the complicated supply chain of aviation to achieve these investments, to get all these massive amounts of SAF refineries,” Reyes said at a recent aviation forum. "If everyone can put SAF on top of their agenda, it all brings us to a much better place for the entire aviation sector," he added. Cebu Pacific was the first low-cost carrier in Southeast Asia to incorporate SAF into its operations when it took delivery of its third A330NEO in May last year. CEB is scheduled to receive 21 aircraft deliveries this year, 17 of which are new engine options or NEOs, while four are current engine options or CEOs on short-term leases. The airline aims to shift to a more fuel-efficient, all-NEO fleet by 2028. It also aims to utilize SAF by launching green routes by 2025 and using SAF for its entire network by 2030. SAF is an environmentally sustainable and chemically identical alternative to fossil fuel-based aviation fuel. It can be processed from plant and used oil feedstock such as forestry and agricultural waste and used vegetable oils. It does not require any adaptations to the aircraft or engines and does not have any negative impact on performance. Using SAF results in up to 80 percent reduction in carbon emissions across the fuel’s lifecycle. Locally, one potential feedstock for SAF is coconut oil or CNO, which is also used for biodiesel production. Last February, the DOE reportedly met with the Civil Aviation Authority of the Philippines, the Philippine National Oil Company, and the European Aviation Safety Agency or EASA to discuss the potential advantage of exploring SAF in the country in compliance with the Carbon Offsetting and Reduction Scheme for International Aviation or CORSIA by 2027. Cebu Pacific Chief Executive Officer Michael Szucs also recently conveyed the Philippines' strategic position to serve more domestic and international passengers. “The Philippines has a moment here with this young middle class, increasing the wealth of the nation but also wanting to travel. We are strategically placed within the ASEAN region to be a hub, allowing more connectivity between all the people in this region,” Szucs said. “The growth story is impressive and consistent, and the tourism potential here is massive. This is the moment; this is the opportunity to get back. Now is our time to get back to that pedestal, to that very top,” he added. Cebu Pacific currently flies to 35 domestic and 24 international destinations spread across Asia, Australia, and the Middle East. The post Aviation decarbonization needs gov’t backing appeared first on Daily Tribune......»»
Alternergy raising P12B for 2 wind power projects
Renewable power pioneer Alternergy Holdings Corp. is raising P12 billion to bankroll the construction of two wind power projects that would ramp up the local supply of renewable energy as mandated by the government. In a stock exchange disclosure on Monday, Alternergy said BPI Capital, RCBC Capital and SB Capital will assist the company in finalizing the terms and structure of the debt financing for the two projects — Tanay Wind Power Project in Rizal and the Alabat Wind Power Project in Quezon. The Tanay and Alabat Wind Projects have a capacity of up to 164 MW and are expected to be completed by 2025. Winners of DoE’s GEA-2 These projects won the Department of Energy or DoE’s second round of the Green Energy Auction Program or GEA-2 last July. Under the GEA-2, winning bidders must make their committed capacities available. The DoE conducts GEA yearly to fast-track the government’s plan of integrating 35 percent renewable energy in the energy mix by 2030 and 50 percent by 2040. Alternergy president Gerry Magbanua said the company and its partner banks will aim for financial closing before the year ends. Largest project financing deal “The total P12-billion mandate would be the largest project financing deal to be undertaken by Alternergy and we appreciate the support from RCBC Capital, BPI Capital, and SB Capital to ensure that the transactions would yield the most benefit for the Tanay and Alabat Wind Power Projects as laid out under the DoE’s GEA 2 Program,” Magbanua said. Alternergy has been investing a significant amount to expand its clean energy portfolio. It aims to develop up to 1,245 megawatts or MW of additional wind, offshore wind, solar, and run-of-river hydro projects. The total P12-billion mandate would be the largest project financing deal to be undertaken by Alternergy and we appreciate the support from RCBC Capital, BPI Capital, and SB Capital to ensure that the transactions would yield the most benefit for the Tanay and Alabat Wind Power Projects as laid out under the DoE’s GEA 2 Program. Alternergy was involved in the development of the 33-MW Bangui Bay wind farm in Ilocos Norte — the first commercial wind farm in Southeast Asia at that time. The post Alternergy raising P12B for 2 wind power projects appeared first on Daily Tribune......»»
Bong Go bats for grassroots sports dev’t, community wellness
Senator Christopher "Bong" Go, as Chair of the Senate Committee on Sports, gave his support to the closing ceremony of the Vice Mayor Jimboy Basketball Tournament in Libungan, Cotabato, on 24 September, where he emphasized the significance of grassroots sports development in promoting community values and wellness. The event was attended by Vice Mayor Jims Fullecido, barangay officials and the youth of Libungan. In his message, the senator highlighted that the tournament was more than just a competition; it symbolized the spirit of the Libungan community. "Ang event na ito ay higit pa sa isang paligsahan; ito'y simbolo ng diwa ng Libungan—ang isang komunidad na nagpapahalaga sa pagtutulungan at displina," he said. Go then praised local leaders and the residents for organizing and supporting such an important initiative. "Pinupuri ko si Vice Mayor Jims Fullecido at ang mga residente ng Libungan sa pagkakaroon ng ganitong kahalagang event," he said. "Ang inyong mga pagsisikap ay nagbigay daan hindi lamang para sa basketball competition na ito, kundi pati na rin sa pag-promote ng pagkakaisa sa inyong komunidad," added Go. Drawing parallels between basketball and life, Go noted that the sport teaches valuable lessons applicable beyond the court. "Basketball is a sport that mirrors life in many ways. It teaches us to aim high, to rebound from failures, and to pass the ball when someone else has a better shot. Ang mga leksyon na ito ay hindi lamang natin magagamit sa laro, maging sa tunay na buhay," he elaborated. Go also spoke about the role of sports in keeping Filipinos healthy and steering the youth away from vices like illegal drugs. "Bilang Chairman ng Senate Committee on Sports, naniniwala rin ako sa mahalagang papel ng sports upang manatiling malusog ang mga Pilipino at mahikayat sila na umiwas, lalo na ang mga kabataan, sa bisyo gaya ng iligal na droga," he said. “Get into sports and stay away from drugs,” he added. Go, vice chairperson of the Senate Committee on Finance, has supported various projects to promote the development of the province, including the construction of various bridges in Alamada, Arakan, Kabacan, Makilala, Pikit, and Tulunan; concreting of farm-to-market roads in Alamada, Banisilan, Libungan, Makilala, Midsayap, and President Roxas; construction of multi-purpose buildings in Kidapawan City, Arakan, Pigcawayan, and Makilala; construction of drainage canals in Kabacan and Pikit; construction of public market buildings in Arakan and Pigcawayan; construction of a slaughterhouse in Arakan; construction of Liga Office in Makilala; and construction of a perimeter fence for the City Government Complex in Kidapawan City. Additionally, he has supported road concreting in Kidapawan City, Banisilan, President Roxas, and Midsayap; rehabilitation and improvement of the Pikit Main Drainage Canal in Pikit; and construction of potable water system facilities in Tulunan. The senator is committed to supporting the country's grassroots sports development. This vision is embodied in Senate Bill No. 423, or the proposed Philippine National Games Act, an initiative filed by Go. The bill aims to provide a platform for athletes across the nation, particularly young individuals in the countryside, to showcase their skills and compete at the national level. More than just a competition, it seeks to create a more inclusive system that promotes promising Filipino athletes, giving them an equal opportunity to become future contenders in international sporting events and contribute to cementing the country's status as a “Sports Powerhouse in Asia.” Go also authored and co-sponsored the measure that became Republic Act No. 11470, establishing the National Academy of Sports (NAS) in 2020. The NAS is a significant step forward in sports education. As a government-run institution, it offers quality secondary education with a special curriculum on sports for gifted young Filipinos who wish to enhance their physical and mental capabilities in sports. The post Bong Go bats for grassroots sports dev’t, community wellness appeared first on Daily Tribune......»»
Aboitiz Foundation empowers communities
Aboitiz Foundation highlighted the importance of empowering recovering communities. “We in the Aboitiz Foundation try our best to help the communities where we operate. We want to see the communities rise and succeed. Our goal is to help them recover and become more resilient communities. We thank our local partners, the Aboitiz business units, who came together to extend valuable assistance,” president and chief operating officer Maribeth Marasigan said. The group’s integrated agribusiness and food subsidiary is always ready to extend assistance across the nation. “At Pilmico, we’re not just supporting farmers, we’re aiming to elevate the agriculture industry as a whole. With the help of the Aboitiz Foundation, our commitment to empowering farmers nationwide extends beyond this project. It’s a testament to our unwavering dedication to advancing business and communities,” Greg Canoy, CSR supervisor, Pilmico Foods Corporation, said. This year the foundation extended more livelihood kits to several families in Samar, Leyte, Negros Oriental and Misamis Oriental in addition to last year’s beneficiaries in Cebu and Bohol. Each kit includes an egg machine, 144 ready-to-lay hens, Pilmico feeds, a weighing scale, and animal health products. “I thank Pilmico, Aboitiz Foundation and RAFI-MFI for choosing me as one of the beneficiaries for this project (Padayon sa Pagbusay). This huge opportunity will be of great help to us. Thank God for this blessing,” Marietta Cadayday, one of the beneficiaries, said. Livelihood opportunities offered “Padayon sa Pagbusay” is part of RAFI-MFI’s livelihood program which aims to empower families by providing them with sustainable livelihood opportunities. “This is the start of our rebuilding, which includes rebuilding our businesses and lives, not just ours but our families and communities where we belong. These livelihood kits, which I am thankful for, would be impossible without our partners. We have our grantors who unselfishly helped us in Leyte, Negros Oriental, and Misamis Oriental,” Iris Dorado, vice president for Business Development, Ramon Aboitiz Foundation Inc. — Microfinance, said. Pilmico Foods Corporation and Gold Coin Management Holdings are the integrated agribusiness and food companies of Aboitiz Equity Ventures Inc. Gold Coin is now fully-managed and owned by Pilmico International and to date, it is the largest investment in the Asia-Pacific region in their shared history. Pilmico comprises four divisions: Flour, Feeds, Farms, and Trading; enabling growth to its partners through its consistent quality products and unparalleled supporting services. Meanwhile, Gold Coin is a pioneer in animal nutrition and the manufacturing of scientifically-balanced animal feed in Asia. The post Aboitiz Foundation empowers communities appeared first on Daily Tribune......»»
Mober unveils Pasay charging hub for EV fleet
Green logistics pioneer Mober unveiled its P2-million electric vehicle charging station in Pasay City on Wednesday. The 800-square-meter charging hub in Zamora Street has 30 charging units for Mober’s fleet of 60 electric delivery trucks. “This inauguration symbolizes not just a milestone but a beacon of our overarching blueprint for an environmentally conscious logistic framework. And, we’re just getting started,”€Dennis Ng, Mober’s chief executive officer, said. Ng said Mober will add more EV charging stations in Metro Manila and 60 in Laguna that will cater to its southern fleet in the first quarter of 2024. He also revealed plans to incorporate more potent 22-kilowatt chargers along with a selection of direct current chargers in Cavite and Bulacan, amplifying Mober’s commitment to versatility and adaptability in its green infrastructure. The charging stations will eventually be opened to the general public, he added. Fast charging Equipped with the latest open charge point protocol, 7 kilowatt chargers compatible with both type 2 and GB/T (gigabyte/terabyte) standards, each charging point guarantees brisk charging sessions, ensuring the efficiency of Mober’s EV fleet exclusively earmarked for one of its IKEA customers. “We strategically opted for this charging capacity as our EV fleet remains dormant during nighttime, allowing optimal charging without overwhelming the grid,” Ng said. Beyond infrastructure, Mober’s unique partnership model provides an unprecedented advantage to businesses by allowing them to transition to green delivery operations with zero upfront costs, effectively democratizing access to green logistics. This hassle-free collaboration is pivotal in encouraging more companies to embrace sustainable logistics, reinforcing Mober’s role as a game-changer in the sector. Aligning with the progressive mandates of the Electric Vehicles and Charging Systems Act, Mober’s initiatives underscore the Philippines’ assertive stance on eco-driven policies and endeavors. With Mober’s pioneering approach, businesses have a definitive roadmap to swiftly decarbonize their last and mid-mile delivery systems, heralding a new era in business sustainability. Mober started in 2015 and was initially designed to help small and medium-sized enterprises solve their on-demand logistical needs. Eight years later, it became a business-to-business platform, facilitating sustainable delivery for retail giants such as IKEA Philippines, SM Appliance Center, Nestle Philippines and Nespresso. The company aims to become the leading green logistics delivery provider in Southeast Asia by securing a mixed fleet of 100 electric vans and trucks by the end of 2023. The post Mober unveils Pasay charging hub for EV fleet appeared first on Daily Tribune......»»
Indonesia bans goods transactions on social media platforms
Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales on major platforms it says are harming millions of small businesses. Calls had grown in recent months for a regulation governing social media and e-commerce, with offline sellers seeing their livelihoods threatened by the sale of cheaper products on TikTok Shop and other platforms. Indonesia is one of the world's biggest markets for TikTok Shop and was the first to pilot the app's e-commerce arm. "Now, e-commerce cannot become social media. It is separated," Trade Minister Zulkifli Hasan told a news conference in the capital, Jakarta, adding that the trade regulation came into force on Tuesday. Hasan said social commerce platforms would have a week to comply with the new rule. "Any government would protect local small businesses," he said, describing the regulation as a way to ensure "equality in business competition". The regulation means social commerce companies are now "prohibited to facilitate payment transactions in its electronic system", according to the regulation document seen by AFP. "Social commerce can place ads like TV, but it mustn't be transactional. (They) can't open shop, can't directly sell," Hasan said, without mentioning TikTok by name. Companies that did not comply would be warned first and would finally have their license to do business in Indonesia revoked, he said. Laws in the archipelago nation did not cover direct transactions through social media platforms such as TikTok, Facebook or Instagram before the new regulation. The new regulation is yet another setback for TikTok, which has faced intense scrutiny in the United States and other nations in recent months over users' data security and the company's alleged ties to Beijing. "Other countries are banning, we don't, we're regulating," Hasan said. Indonesia is now the first country in the region to act against the platform's growing popularity in social media commerce. The ministerial-level regulation -- an amendment to a trade regulation issued in 2020 -- did not need approval by lawmakers. TikTok Indonesia said the company was "deeply concerned" about the policy, which would impact millions of sellers and creators using TikTok Shop. "We respect local laws and regulations and will be pursuing a constructive path forward," it said in a statement. Meta -- which owns Facebook and Instagram -- did not respond to a request for comment. 'Markets are quiet' Hasan appeared to confirm the companies would have to choose between separate social media and e-commerce licences. "It's clear... there are no permits for social commerce. If (they) want social commerce, please, only for promotion and ads. If (they) want to sell, there are e-commerce (permits)." The regulation also sets a minimum price of $100 for certain foreign goods bought from Indonesian sellers on e-commerce platforms, according to the regulation document seen by AFP. Some offline sellers at the Tanah Abang market in Jakarta applauded the government's decision. "The government should... dare to innovate given the current situation, where markets are quiet like this," said Stevanie Ahua, a 60-year-old wholesale denim jeans seller. She said her revenue had dropped by 60 percent in recent months as buyers turned to online shops. Others such as 29-year-old cookie baker Panji Made Agung in Bali said he was disappointed by the ban. "For sellers like me, TikTok can be used for soft selling. We can become influencers and sellers at the same time," he said. Experts said the transaction ban would hit the coffers of social media platforms such as TikTok, which takes a commission from every sale. "They will definitely incur losses," said Tauhid Ahmad, executive director of the Jakarta-based Institute for Development of Economics and Finance. Indonesia's e-commerce market is dominated by platforms such as Tokopedia, Shopee and Lazada but TikTok Shop gained a significant market share since launching in 2021. Indonesia, with 125 million users, is TikTok's second-largest global market after the United States, according to company figures. TikTok's chief executive Shou Zi Chew visited Jakarta in June, pledging to pour billions of dollars into Southeast Asia in the years ahead. The post Indonesia bans goods transactions on social media platforms appeared first on Daily Tribune......»»
Indonesia bans goods transactions on social media platforms
Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales on major platforms it says are harming millions of small businesses. Calls had grown in recent months for a regulation governing social media and e-commerce, with offline sellers seeing their livelihoods threatened by the sale of cheaper products on TikTok Shop and other platforms. "This trade regulation has been in force (since yesterday)," Trade Minister Zulkifli Hasan told a news conference in the capital Jakarta. He said social commerce platforms would have a week to comply with the new rule. "Any government would protect local small businesses," he said, saying the regulation was passed to ensure "equality in business competition". The regulation means social media firms will not be able to conduct direct transactions but only promote products on their platforms. "Social commerce can place ads like TV, but it mustn't be transactional. (They) can't open shop, can't directly sell," he said, without mentioning TikTok by name. Laws in the archipelago nation did not cover direct transactions through social media platforms such as TikTok, Facebook or Instagram before the new regulation. The new regulation is yet another setback for TikTok, which has faced intense scrutiny in the United States and other nations in recent months over users' data security and the company's alleged ties to Beijing. "Other countries are banning, we don't, (we're) regulating," Hasan said. Indonesia is one of the world's biggest markets for TikTok Shop and was the first to pilot the app's e-commerce arm. But Indonesia is now the first country in the region to act against the platform's growing popularity in social media commerce. The ministerial-level regulation -- an amendment to a trade regulation issued in 2020 -- did not need approval by lawmakers. Chinese technology giant and TikTok owner ByteDance and TikTok Indonesia did not respond immediately to a request for comment Wednesday. But a TikTok Indonesia spokesperson told AFP on Monday the ban would harm as many as six million local sellers who market their products on the platform. Meta -- which owns Facebook and Instagram -- did not respond to a request for comment. 'Markets are quiet' How the ban will work exactly remains unclear but experts said it could mean social media firms would have to obtain a separate approval for their e-commerce arms. "It could be that their license will be rearranged," said Tauhid Ahmad, executive director of the Jakarta-based Institute for Development of Economics and Finance. Offline sellers at Tanah Abang market in Jakarta applauded the government's decision. "The government should... dare to innovate given the current situation, where markets are quiet like this," said Stevanie Ahua, a 60-year-old wholesale denim jeans seller. She said her revenue had dropped by 60 percent in recent months as buyers turned to online shops. Others like 29-year-old cookie baker Panji Made Agung in Bali said he was disappointed by the ban. "For sellers like me, TikTok can be used for soft selling. We can become influencers and sellers at the same time," he said. Indonesia's e-commerce market is dominated by platforms such as Tokopedia, Shopee and Lazada but TikTok Shop gained a significant market share since launching in 2021. Indonesia, with 125 million users, is TikTok's second-largest global market after the United States, according to company figures. TikTok's chief executive Shou Zi Chew visited Jakarta in June, pledging to pour billions of dollars into Southeast Asia in the coming years. The post Indonesia bans goods transactions on social media platforms appeared first on Daily Tribune......»»
China ships, jets swarm off Taiwan
China’s Shandong carrier strike group, along with other warships of the People’s Liberation Army, earned condemnation from Taiwan for its naval exercises near the self-ruled island. According to Taiwan’s Ministry of National Defense, more than 100 Chinese warplanes and nine navy ships were sighted in the Bashi Channel, which separates Taiwan and the Philippines. Over the past decades, the People’s Republic of China has maintained its stance that Taiwan is a renegade province that it intends to reunite with the mainland, by force if necessary. Taiwan’s defense ministry described the number of warplanes detected around the island as a “recent high.” “Between the morning of 17th to 18th September, the Ministry of National Defence detected a total of 103 Chinese aircraft which was a recent high and has posed severe challenges to the security across the Taiwan Strait and in the region,” the agency said in a statement. While Beijing refrained from issuing an official statement on the sorties, Taiwan called on China to stop its “destructive unilateral actions” in the area. Beijing’s “continued military harassment can easily lead to a sharp spike in tensions and worsen regional security,” the ministry said. About 40 of the Chinese fighter planes crossed the so-called median line of the Taiwan Strait that separates the island from China, and entered its southwest and southeast air defense identification zone, the statement said. Taipei reported similar incidents last week following an increased number of incursions by Chinese warplanes and ships. High alert The uptick came as Beijing said its troops were on “high alert” after two ships belonging to the United States and Canada sailed through the Taiwan Strait. Taiwan’s defense ministry said 68 Chinese aircraft and 10 naval vessels were detected around the island between Wednesday morning and Thursday morning. Some of those planes and warships were heading to an unspecified area in the Western Pacific to “conduct joint sea and air training” with China’s Shandong aircraft carrier, the ministry said. The Shandong, one of two operational aircraft carriers in the Chinese fleet, was detected last week around 60 nautical miles (110 kilometers) southeast of Taiwan heading to the Western Pacific, Taipei authorities said. Japan, too Meanwhile, Japan’s defense ministry said its navy had detected six ships — including frigates, destroyers, one fast combat support ship, and the Shandong — sailing through waters some 650 kilometers (400 miles) south of Miyakojima island, east of Taiwan. It also confirmed that jets and helicopters had been detected taking off and landing on the Shandong. China’s increased military activities in the South China Sea were attributed to the multiple military drills being conducted by the United States with its allies in the Asia-Pacific. Among them are the ongoing US-South Korea exercise in the Yellow Sea, a drill involving the United States, Canada, Australia, New Zealand, Japan and South Korea in the East China Sea, and the 19-nation Super Garuda Shield exercise. Counter to naval drills Last month, Japan, Australia and the Philippines conducted a naval drill led by the US. “Politically, China aims to counter the military containment by democratic allies led by the United States,” Su Tzu-yun, an analyst at Taiwan’s Institute for National Defence and Security Research, told AFP. Taiwan had reported a large number of Chinese warplane flights around the island following last August’s visit to Taipei by Nancy Pelosi, the former speaker of the US House of Representatives. In April, Beijing conducted a three-day “Joint Sword” military exercise to simulate the encirclement of the island, after Taiwan President Tsai Ing-wen met with US house Speaker Kevin McCarthy in California. At the time, Taiwan detected 71 Chinese warplanes in a 24-hour period, matching the previous record daily high set in December 2022. WITH AFP The post China ships, jets swarm off Taiwan appeared first on Daily Tribune......»»