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Higher contribution to PLDT eyed by ePLDT
The data center builder of Pangilinan-led PLDT Inc. hopes to increase its share in the revenue of its parent to as much as 20 percent by the end of the decade......»»
CDO sticks to winning formula
Del Monte broke through as a Philippine Airlines Interclub titlist in the Seniors division last Sunday, and Yoyong Velez, the lawyer-turned-team builder, vowed that they will stick to the formula that gave them glory......»»
CLI secures PCC approval for JV with Singapore builder
Property developer Cebu Landmasters Inc. has received approval from the antitrust body to proceed with its joint venture with a Singapore-based builder for the construction of high-end residences in Cebu City......»»
Philippines needs to develop pool of talents for data centers
The data center builder of Ayala-led Globe Telecom Inc. wants to harness local talent instead of bringing in foreign nationals to give the Philippines a fighting chance to compete in the sunrise industry......»»
MPTC defers IPO to 2025, awaits SMC merger
Expressway builder Metro Pacific Tollways Corp. is deferring its plan to make an initial public offering in 2025 pending a decision on whether it will be merged with San Miguel Corp.’s toll road business......»»
Globe unit plans Luzon tower buildup
The tower builder of Globe Telecom Inc. plans to put up additional infrastructure around Luzon over the next few months, as it tries to close the connectivity gap in the Philippines......»»
Pinoy-led firm secures $5 million funding for fintech solutions
Startup builder Talino Venture Studios has received $5 million from a Washington-based funder for the development of new solutions in financial technology......»»
Bossjob debuts AI-powered resume builder at Filipino-Chinese job fair
Bossjob debuts AI-powered resume builder at Filipino-Chinese job fair.....»»
New data center rises in Makati
The data center builder of Ayala-led Globe Telecom Inc. has completed a facility in Makati to serve the growing demand for information storage......»»
Prize builder
Aboitiz Land, renowned for its quality and innovation in real estate, achieved success at The Outlook by Lamudi Awards 2023 in September. The prestigious event at Shangri-La Fort witnessed Aboitiz Land securing multiple accolades, underscoring unwavering commitment to creating distinctive living spaces for the community. Seafront Residences takes second consecutive win for Best Premium House (Luzon). It features generously spread amenities including diamond parks fronting Budji+Royal houses, beachfront clubhouse and a town center that will offer well-curated retail and F&B establishments. Offering premier seaside living, Seafront Residences is a unique experience for those seeking the perfect balance between luxury and coastal beauty. Ajoya Cabanatuan, located in Barangay Valle Cruz, Nueva Ecija, has been awarded the Best Affordable House in Luzon for 2023. It offers well-designed homes and carefully planned amenities, providing residents with spacious open areas and a well-maintained environment. Additionally, the homes are designed to suit the local climate, ensuring a comfortable and sustainable living experience. What sets Ajoya Cabanatuan apart is its accessibility for the mid-market segment. While access to generous green open spaces is often associated with high-end projects, Aboitiz Land has extended these amenities to cater to the mid-market segment. This inclusivity ensures that more individuals and families can enjoy the benefits of modern living without compromising quality or comfort. Amoa has garnered recognition as the Bronze Awardee for Affordable House of the Year for Visayas and Mindanao. Amoa boasts carefully designed neighborhoods and a one-hectare central amenity, making it an ideal community for families in search of a comfortable living experience in Compostela, Cebu. By offering urban living amidst a serene natural setting, Amoa reflects Aboitiz Land’s commitment to delivering affordable, quality living spaces. Aboitiz Land recognized as Bronze Awardee for Developer of the Year and Digital Innovator of the Year. Aboitiz Land’s dedication to making strides in real estate development has been acknowledged with the Bronze Award for Developer of the Year for Visayas and Mindanao and Digital Innovator of the Year. This dual recognition reflects the company’s innovative approaches, including the introduction of OneVecino, their digital ecosystem. OneVecino aims to assist home seekers in various aspects such as property search, payments, customer support, and property management. This achievement underscores Aboitiz Land’s commitment to leveraging digital technologies to enhance the overall experience for all stakeholders in the industry. Moreover, Aboitiz Land is a developer known for its premium and exclusive communities in Cebu, including North Town Homes, Mahogany Grove, Pristina North, Priveya Hills and Foressa Mountain Town. These communities continue to be among the most respected in terms of quality and value in the region. The Outlook by Lamudi Awards is an esteemed event that spotlights industry leaders and outstanding projects in the Philippine real estate landscape. The post Prize builder appeared first on Daily Tribune......»»
Celebrating 77 Years of Danish-Philippine Diplomatic Relations through creativity
On 28 September, Denmark and the Philippines marked 77 years of strong diplomatic ties by emphasizing their shared passion for design and creativity. To honor this milestone, the Royal Danish Embassy Manila staged two projects that capture the fusion of Filipino creativity and uniqueness of Danish design, reflecting the richness of the countries’ longstanding relationship. Bridging our countries through LEGO One of the most symbolic representations of this mutual appreciation for creativity is the iconic LEGO – a Danish brand that has found its way to the hearts of many Filipino families, collectors, builder communities, and creative enthusiasts. You can also meet talented Filipinos working in LEGO headquarters in Denmark, driving design processes for various LEGO sets that land on toy store shelves worldwide. Venturing into the heart of the Philippines' historical richness, Danish Ambassador FranzMichael “Dan-Dan” Mellbin and Philippine Ambassador Leo Herrera-Lim explored the Philippines in bricks at the iMake History Fortress LEGO Education Center. The Education Center, nestled in historic Fort Santiago, is a joint project by the Royal Danish Embassy Manila, the Intramuros Administration, and Felta Multimedia, Inc and serves as an exhibition of historical and cultural landmarks in the Philippines – all built using LEGO. The center also conducts workshops to train the youth in architecture, design, engineering, and creativity using LEGO Education modules. Guided by the shared vision of fostering strong connections, the Ambassadors, along with Intramuros Administrator Joan Padilla, Felta Brand Activation Officer Jed Abiva-Sazon, Mme. Eva Fischer-Mellbin, and Mme. Fides Herrera-Lim, took the lead in building a symbolic bridge using LEGO as a representation of the strong connection of the two countries spanning over seven decades. Filipino art LEGO-fied From architectural wonders, LEGO bricks were creatively used as building blocks for classic masterpieces of Filipino maestro and National Artist, Fernando Amorsolo. Project AMORsolo, a mosaic LEGO exhibition by Pinoy LEGO Users Group (PinoyLUG) pays homage to the enduring legacy of the first Filipino National Artist. The exhibit replicates Amorsolo’s iconic paintings “Bayanihan”, “Dalagang Bukid”, and “Early Traders” using LEGO. To support PinoyLUG and masterpieces of Fernando Amorsolo, the Embassy hosted a Project AMORsolo installation in October 2023. During the event, PinoyLUG also unveiled a LEGO brick mosaic based on the iconic Danish artwork “Anna Ancher and Marie Krøyer on the beach at Skagen” by Michael Ancher, specially designed for the celebration. Gracing the event were members of the Amorsolo family including the artist’s daughter Slyvia Amorsolo Lazo and grandson Fernando “Nandy” Amorsolo Lazo, who now leads the Fernando C. Amorsolo Art Foundation dedicated to the promotion of the maestro’s unique style and artistic vision. Named after a playful combination of the Filipino artist’s name and the Spanish term for “love” (amor), Project AMORsolo was born out of interest of PinoyLUG’s members during the pandemic to build projects that go beyond LEGO’s usual notion of “play”, but also represents the Philippines’ rich art and creative culture. Project AMORsolo has been showcased in the Cultural Center of the Philippines, Manila City Hall, and shopping malls around Luzon, and now at the Danish Residence. Wielding the power of design together Both events contribute to the Embassy’s “Design Matters” campaign. This aims to celebrate and increase awareness on Denmark’s design values and drive for innovation while appreciating the Philippines’ artistic heritage and ingenuity. Danish design, characterized by simplicity, functionality, and minimalism, is a way of life. The campaign aims to inspire Filipinos about the beauty and practicality of Danish design, connecting it to the Filipino tradition of craftsmanship and vibrancy. Since September, the Embassy has featured testimonials, parallel design concepts, and collaborative efforts to integrate design thinking into policies. The Embassy looks forward to continue supporting the Philippines in cultivating a deeper appreciation for design and translate creative ideas to meaningful efforts set to improve Filipinos’ lives. The post Celebrating 77 Years of Danish-Philippine Diplomatic Relations through creativity appeared first on Daily Tribune......»»
PAGCOR taps DAP amid reorganization
The Philippine Amusement and Gaming Corporation, or PAGCOR, will let the Development Academy of the Philippines, or DAP, to facilitate its reorganization including coming up with a program for the privatization of its casinos. PAGCOR chairman and CEO Alejandro Tengco said DAP’s technical assistance will allow the gaming agency to comply with the requirements of the Governance Commission for GOCCs, or GCG, in the implementation of its Compensation and Position Classification System or CPCS which is needed prior to privatization. “We thank the Development Academy of the Philippines for being a prime mover of competency building in government,” Tengco said. “We need their help to comply with the (documentary) requirements of the GCG and in our efforts to eventually implement the CPCS that our employees have been eagerly waiting for,” he said. MoA signed Tengco made the remarks after he and DAP president and CEO Engelbert Caronan Jr. signed the memorandum of agreement for PAGCOR’s reorganization at the New Coast Hotel in Manila last 12 September. PAGCOR vice president for Human Resource and Development Group Angelito Domingo and DAP vice president for Mindanao Dr. Mark Lemuel Garcia also signed the agreement. Tengco said he also wants to engage DAP in the facilitation and conduct of trainings for PAGCOR officers and employees to enhance their skills and competencies. Caronan for his part expressed gratitude to PAGCOR for believing in DAP’s capability to help implement organizational changes that would be beneficial to the state gaming firm’s workforce. “We would like to thank PAGCOR for their trust and confidence in this partnership; we are ready to provide the necessary technical services to make the agency GCG-compliant and help it carry out its reorganization efforts,” he said. The DAP is a government-owned and controlled corporation mandated to assist agencies and local government units in their development efforts by acting as a change catalyst and as capacity builder. It helps facilitate the shaping of new government policies, crafting development programs and modernizing the management structure of government agencies and private enterprises alike. The post PAGCOR taps DAP amid reorganization appeared first on Daily Tribune......»»
PAGCOR taps Development Academy of the Philippines for reorganization push
The Philippine Amusement and Gaming Corporation (PAGCOR) today, 19 September, announced another major move towards the privatization of its casinos by partnering with the Development Academy of the Philippines (DAP) in facilitating its reorganization process. PAGCOR Chairman and CEO Alejandro Tengco said they tapped DAP’s technical assistance to comply with the requirements of the Governance Commission for GOCCs (GCG) in the implementation of its Compensation and Position Classification System or CPCS which is needed prior to privatization. “We thank the Development Academy of the Philippines for being a prime mover of competency building in government,” Mr. Tengco said. “We need their help to comply with the (documentary) requirements of the GCG and in our efforts to eventually implement the CPCS that our employees have been eagerly waiting for,” he said. Tengco made the remarks after he and DAP president and CEO Atty. Engelbert Caronan Jr. signed the memorandum of agreement for PAGCOR’s reorganization at the New Coast Hotel in Manila last 12 September. PAGCOR Vice President for Human Resource and Development Group Angelito Domingo and DAP Vice President for Mindanao Dr. Mark Lemuel Garcia also signed the agreement. Tengco said he also wants to engage DAP in the facilitation and conduct of training for PAGCOR officers and employees to enhance their skills and competencies. Caronan, for his part, expressed gratitude to PAGCOR for believing in DAP’s capability to help implement organizational changes that would be beneficial to the state gaming firm’s workforce. “We would like to thank PAGCOR for their trust and confidence in this partnership; we are ready to provide the necessary technical services to make the agency GCG-compliant and help it carry out its reorganization efforts,” he said. The DAP is a government-owned and controlled corporation mandated to assist agencies and local government units in their development efforts by acting as a change catalyst and capacity builder. It helps facilitate the shaping of new government policies, crafting development programs, and modernizing the management structure of government agencies and private enterprises alike. The post PAGCOR taps Development Academy of the Philippines for reorganization push appeared first on Daily Tribune......»»
Top Indian builder of airports eyes more projects
A leading conglomerate in India is looking at investing in the Philippines, particularly in airports, roads and energy projects, Malacañang said yesterday......»»
BCDA welcomes amended charter
State-run Bases Conversion and Development Authority, or BCDA, welcomed the approval of House Bill 8505, citing the impact of the measure in the development of the economic zones managed by the state-run firm, and in beefing up the state coffers to support the military’s pension fund. Approved on third and final reading last 22 August, House Bill 8505 is a consolidated substitute bill of Pampanga Representatives Deputy Speaker Gloria Macapagal-Arroyo and Senior Deputy Speaker Aurelio “Dong” Gonzales that seeks to amend Republic Act 7227 or the Bases Conversion and Development Act of 1992. The bill ensures the continuity of the BCDA’s function as a builder of great cities and a prime mover of national development, while also helping the state-run firm conquer legislative hurdles that could restrict the full development of its properties, from Fort Bonifacio in Metro Manila to Poro Point in La Union. “Our economic landscape is evolving at a tremendous pace, thus the need for BCDA to take big, bold moves to adapt with these changes and deliver the socioeconomic transformation we envision for our development areas in Clark,” BCDA President and Chief Executive Officer Joshua Bigcang said. “The bill will address gaps in the current charter and we couldn’t be more happy to express our gratitude to our friends in the House of Representatives for passing this bill on third and final reading,” Bingcang added. Under the proposed bill, the BCDA’s corporate term will be extended for another 50 years from its current remaining corporate life of 19 years. This extension will increase the confidence of investors when transacting with BCDA, as well as allow BCDA to continue its support to the AFP Modernization Program. Bill to raise capital to P400B The bill will also increase the authorized capital of the BCDA to P400 billion from P100 billion. Lastly, the bill seeks to convert five percent of BCDA’s economic zones to freehold status from leasehold, authorizing the BCDA to sell these properties for residential purposes. At present, lands within BCDA economic zones are only available on leaseholds, preventing the entry of affordable housing developers. Converting portions of the ecozones to freehold will liberalize the residential market for an average Filipino and allow full ownership of the property. “Once this is implemented, workers within our economic zones will be able to have their own homes, be closer to their jobs and live comfortably with their families,” Bingcang said. The BCDA estimates that this provision will free up 1,856 hectares of land, which can potentially generate P451.26 billion up to P1.45 trillion in revenues. This revenue may be earmarked for the military pension fund, a priority of President Ferdinand “Bongbong” Marcos Jr. The post BCDA welcomes amended charter appeared first on Daily Tribune......»»
Bulacan airport nearing construction stage
With the Ninoy Aquino International Airport set to be privatized, the builder of the soon to be largest gateway in the Philippines is accelerating land development with the goal of starting civil works next year......»»
DATEM elevates sustainable practices in operations
In pursuit of contributing to sustainable development and environmental protection, DATEM, Your Trusted Builder, continues to tailor and enhance its methodologies and technologies and consistently comply with local and international green building standards. .....»»
Volatile mart delays Ovialand IPO anew
The planned P2.2-billion initial public offering of real estate developer Ovialand Inc., builder of premium affordable housing, was once again pushed to the back burner due to volatility in the local and global markets. Ovialand on Wednesday confirmed that launching its maiden offering, which was supposed to provide the company additional financial backbone to take on more projects, “is not the best option” at the moment. “Ovialand has always been about creating value for everyone we serve — whether it be our homebuyers, organization, business partners, and shareholders. We want our IPO to be a testament to this principle,” Ovialand president and CEO Pammy Olivares-Vital said. Consulted with the underwriter The company noted that before fully deciding to push back the IPO and wait for better market conditions, it consulted with SB Capital Investment Corporation, the sole underwriter for the offering. According to Virgilio Chua, President and CEO of SB Capital, the parties will “aim to find the most suitable vehicle for our client to achieve growth.” “We will continue to work and support Ovialand so that all options are available to maximize their long-term growth potential,” Chua added. Bankroll land banking activities Part of the proceeds was supposed to bankroll the company’s land banking activities in South Luzon and finance other real estate projects in the pipeline. On the other hand, some of the IPO money was initially allotted to support “general corporate purposes.” Ovialand first announced its plan to debut at the local capital market as early as 2021 but the “volatile market conditions” seems to always get in the way. The post Volatile mart delays Ovialand IPO anew appeared first on Daily Tribune......»»
Megawide slashes net loss in Q1
Infrastructure builder Megawide Construction Corp. trimmed its net loss to P7.39 million in the first quarter, down by 96 percent from P192.21 million a year ago......»»
‘Taj Mahal’ of Negros Occidental
“Ancient ruins,” said Mary Jo Arnoldi, chair of the anthropology department at the Smithsonian National Museum of Natural History, “give us a connection to the past that’s visceral. This was a real place, and you can walk through it.” This could be why Raymund Javellana, the man who wanted The Ruins, which is listed by oddee.com as “one 12 most fascinating ruins of the world,” restored to its former glory. The Ruins was a mansion built in Talisay City, Negros Occidental. “I am so glad that it was not destroyed completely. With the blessings of The Lord, we were able to restore the mansion itself. I challenge people who keep on destroying the old structures to please stop and make some good use of it,” Javellana said when he accepted the award for The Ruins as Best Destination (Heritage Sites category) at the first Choose Philippines Awards in 2016. Javellana is the great-grandson of Don Mariano Ledesma Lacson, the Negrense sugar baron who built the mansion for love. How the mansion came to be Love, goes a famous song, comes from the most unexpected places. This is what happened to Mariano Ledesma Lacson, a sugar baron from Negros. The most-sought after bachelor was visiting Hong Kong with a friend when he met Maria Braga, a Portuguese lady from Macau and daughter of a ship captain. Smitten by her beauty, he courted her earnestly until she said yes. To make the long story short, they got married and he brought her to his ancestral house in Talisay, where they raised their family together. Children came after one another: Victoria, Rafael (who later became the governor of Negros Occidental), Mercedes, Natividad, Sofia, Felipe (who became a mayor of Talisay), Consolacion, Angelina, Ramon and Eduardo. Maria was pregnant with their 11th child when she slipped in the bathroom. She was bleeding; her condition was so precarious that traveling outside of the house was out of question. Mariano summoned some of his men to get a resident doctor from a nearby town. He told them to use a horse-drawn carriage, then the fastest mode of transportation. It was the 1920s and it took two days to traverse the various sugar farms to Silay. By the time the doctor arrived, on the fourth day, Maria and her child were dead. Mariano was so devastated, he went into a depression for a time m. Yet knowing he still had children needing his attention, he began to focus instead on building a house in memory of his beloved wife. He consulted his father-in-law about the idea, who fully supported his plans. Being a ship captain, he brought in many items from Europe and China — ranging from machuca or handmade custom cement tiles, chandeliers and china wares. He even brought with him some construction workers from China just to help build the mansion. A local builder was entrusted to make the design and building specifications. Mariano asked his son Felipe to supervise the project and ensure an A-grade mixture of concrete was precisely poured. The marble-like effect of high-grade concrete can be felt by touching the posts and walls of what remains now of the mansion. The entire property has a floor area of 900 square meters: 450 sq.m. upstairs and the same on the lower ground. Ten rooms occupied the mansion: eight for children, a Master’s bedroom and a family room. The house was of Italianate architecture as evidenced by its neo-Romanesque columns all around. “Since the engineer was a Filipino, it is believed the design came from that of Maria’s ancestral mansion which was given by her father to Mariano as sample,” an inflight magazine said. “The imprimatur of Maria’s father, a ship captain, is now clear from the shell-inspired décor all around the top edges of the mansion – the same ones that identified the homes of ship captains in New England at that time.” It took about three years to finish the Don Mariano Lacson Mansion. Because it was built out of a husband’s devotion to his wife, Javellana likens it to the Taj Mahal, a white marble mausoleum built by Mughal emperor Shah Jahan in memory of his third wife. The initials engraved on every post of the mansion — two Ms facing each other — stand for Mariano and Maria. [caption id="attachment_134716" align="aligncenter" width="525"] The two M's facing each other stand for Mariano and Maria.[/caption] At that time, the mansion was the largest residential structure ever built in the area. It was constructed at the center of a 440-hectare farm. The Lacson family lived in the mansion happily, but it was not “ever after” as Japanese forces invaded the country in December 1941 after Japan’s declaration of war upon the United States, which controlled the Philippines at the time and possessed important military bases. In anticipation of the war, the Lacson family fled their home. They left behind all their furniture, china wares, home décor and some personal belongings, locked up the place and left a caretaker to watch over the mansion. The soldiers of the US Armed Forces in the Far East came to the place. Sensing that it might be used as headquarters of the Japanese troops, it was decided that it would be burned just like other big houses in the area. While it took three years to build the mansion, it took only three days to consume all of its roofs, ceilings, two-inch wooden floors, doors and windows, which were all made of hardwood of tindalo, narra and kamagong. Still, the three-day inferno was not able to flatten the whole mansion. Thanks to its oversize steel bars and the meticulous way of pouring A-grade mixture of concrete, the skeletal frame remains. The four-tiered fountain in front of what remains of the mansion makes it a perfect replica of the ancient homes with spacious gardens – like those you see in the old city of Savannah, Georgia in the United States. Joy Gallera Malaga, an independent writer who visited the place, wrote: “And most likely you would appreciate the mansion even if it was already reduced to its skeletal frame, or maybe it is its present condition that adds to its character and beauty. That’s the charm of old structures; it invites you to engage in an experience just by being there, getting to know it better through the stories it continues to tell.” [caption id="attachment_134715" align="aligncenter" width="525"] Water fountain.[/caption] Love and legacy Filipinos would have never seen The Ruins – which was abandoned for 67 years! – had it not been for Javellana. He is the son of Ramon, who was the son of Mercedes, the daughter of Mariano. Raymund had a travel agency in Manila when his mother requested him to come back to Negros and help her manage their sugar plantations. He now settles in Silay but in one of his trips to Talisay, he saw the abandoned mansion, which is located in Hacienda Sta. Maria. He decided to make it one of the province’s tourist attractions. Although people were not too keen about the idea, Javellana pursued his plans. In January 2008, he opened The Ruins to the public. People flocked to the place. Aside from being a tourist attraction, The Ruins is fast becoming a favorite venue for weddings and photo shoots. It was a good Javellana, inspired by his father and their forebears, kept his dream alive, never giving up on it. That’s love. The post ‘Taj Mahal’ of Negros Occidental appeared first on Daily Tribune......»»