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Int’l acclaim illuminates Meralco’s sustainability agenda
The Manila Electric Company continues to shine a spotlight on its unwavering commitment to sustainability with the recent accolade awarded to First Vice President and Chief Sustainability Officer Raymond B. Ravelo, who was named the "Sustainability Thought Leader of the Year for the Asia Pacific Region." The recognition was conferred during the Sustainable Company Awards 2023 by Environmental Finance. Ravelo was commended for his exceptional leadership in spearheading Meralco's sustainability agenda called "Powering the Good Life", which is marked by a distinctive focus on four pillars: Power, People, Planet, and Prosperity. Ravelo's achievement was the result of a rigorous selection process overseen by a distinguished panel of over 30 independent industry experts. The Sustainable Company Awards celebrates organizations and individuals who are at the forefront of reshaping corporate practices to ensure a sustainable future. “This recognition brings great pride to us in Meralco as it reflects our earnest commitment to sustainability. As we move towards building a sustainable energy future, we will continue placing sustainability at the core of our strategy and operations as a Company to bring forth a brighter future for all,” Ravelo said. Meralco, a recognized leader in the Philippine energy sector, has deeply rooted its sustainability agenda in the United Nations Sustainable Development Goals, with emphasis on clean energy, responsible consumption and production, and climate action. At the center of Meralco's sustainability thrust is its commitment to a just, orderly, and affordable transition to clean energy. This commitment involves securing at least 1,500 MW of its power supply from Earth-friendly sources and actively developing 1,500 MW in renewable energy power generation projects. Additionally, Meralco has been at the forefront of adopting alternative and sustainable transportation solutions, with the deployment of 156 electric vehicles to date, constituting 7 percent of the company’s fleet and surpassing the government's 5 percent vehicle electrification rate mandate. To advance gender diversity and inclusion in the workplace, Meralco has launched its D&I program “#Mbrace”, which significantly increased female representation in its workforce to 23%, over and above the global energy sector's average of 13 percent. Moreover, Meralco recently achieved its highest-ever environmental, social, and governance (ESG) ratings from global companies. Notably, MSCI Inc. upgraded Meralco's ESG rating to BBB in 2022 and maintained it in 2023, a remarkable progression from its BB rating from 2019 to 2021. MSCI evaluates over 8,500 companies worldwide based on general and industry-specific sustainability criteria. Likewise, Meralco attained a record high on its FTSE Russell ESG Rating, with a score of 3.2 in 2023. Meralco thus ranked higher than both the Philippine global energy sector ESG rating averages, with strong performance in risk management, labor standards, corporate governance, and anti-corruption practices. Furthermore, Meralco is now the first and only electric utility in the Philippines to be included in the Bloomberg Gender Equality Index, the only ESG assessment in the world focused on gender equality in the workplace. Meralco was recognized for distinctive performance in anti-sexual harassment policies, gender pay parity, and building an inclusive culture. “We are resolute in our commitment to powering the good life. Guided by the UN SDGs, we, in Meralco, will continue energizing cities and communities while preserving our planet, empowering our people, and creating prosperity for all,” Ravelo affirmed. The post Int’l acclaim illuminates Meralco’s sustainability agenda appeared first on Daily Tribune......»»
AboitizPower utilities score tech win for use of A.I.
An artificial intelligence-enabled software developed by Aboitiz Power Corporation (AboitizPower) distribution utilities Davao Light and Power Co., Inc. and Visayan Electric Company, Inc. (Visayan Electric) with Aboitiz Data Innovation Pte. Ltd. gained recognition for helping advance technology and digital transformation in the utility industry. ADI was awarded the Philippines Technology Excellence Award for A.I. - Utilities in the Asian Technology Excellence Awards 2023 in Bangkok, Thailand for Project A.I. CU (“I see you”), a homegrown idea that began in Davao Light. The project utilizes A.I. to optically scan images of electrical installation components — like those mounted on electrical poles — and check if these align with the records of a distribution utility. After a series of pilot tests in Davao Light, the software was able to identify and tag the asset by its individual and unique compatible unit (CU) number which was manually assigned to it beforehand. Each CU represents a grouping of electrical items that a certain electrical asset is composed of. Grouping materials and categorizing assets makes it easier for distribution utilities to identify their infrastructure. Overall, verifying the accuracy of records ensures regulatory compliance, better asset management, operational efficiency, and the continued trust that a distribution utility can deliver justified and cost-effective electricity prices in its franchise area. The use of A.I. to recognize CUs can also significantly reduce the need for manpower and rendered work hours, allowing team members to dedicate time and effort to other activities. Typically, trained engineers are sent to each electrical installation and visually identify each item installed. “The inspiration for Project A.I. CU goes beyond streamlining asset verification. This initiative serves as a window into how we are leveraging artificial intelligence to transform our operations, making them more efficient and smarter,” said Davao Light Meter Shop Supervisor Mark Anthony Catalan, adding that the idea for Project A.I. CU began in 2019 and was proposed to Davao Light in 2020. Catalan was joined by fellow Davao Light innovators Eric Camerino, Jeffrey Lingatong, Raquel Caro, Russel Bolivar, and Prince Yamyamin in developing Project A.I. CU in its early stages and rejuvenating the search for other possible A.I. applications in the operations of Davao Light, particularly in the aspects of safety, audit, and maintenance. The group was able to complete an A.I. model for Project A.I. CU as a proof of concept before turning it over to ADI, the data science and A.I. arm of the Aboitiz Group. In the near future, ADI aspires to refine and scale the project for its full implementation in Visayan Electric and Davao Light. These AboitizPower subsidiaries are the second and third-largest distribution utilities in the Philippines, respectively. Once fully implemented, Project A.I. CU is estimated to save both companies millions of pesos in annual operating costs. As such, ADI will also assess its potential use in other AboitizPower distribution utilities. “This award demonstrates the data-driven innovations being applied in AboitizPower and highlights the growing synergies within the Aboitiz techglomerate, which in this case is between our distribution utilities and ADI,” said AboitizPower President and CEO Emmanuel Rubio. “It also reaffirms AboitizPower’s mission of ‘Transforming Energy for a Better World’ as it continues its digitalization and innovation initiative to ensure quality service.” In line with the Aboitiz Group’s Great Transformation, and as a partner in Philippine development via its power generation and distribution assets, AboitizPower is focusing its transformation in the realms of decarbonization, digitalization, and growing beyond its core business. The Company had already indicated its goal of growing its renewable energy portfolio to at least 4,600 megawatts or 50% of its generation mix by the next decade to aid the country’s energy transition to a cleaner power mix. The Asian Technology Excellence Awards was presented by Asian Business Review, a regional magazine serving Asia's dynamic business community. The post AboitizPower utilities score tech win for use of A.I. appeared first on Daily Tribune......»»
Homemade gin with a hint of malunggay and sampaguita
Swing through the double glass doors along 30th street of Bonifacio Global City and straight into the city’s award-winning drinking den, The Back Room, as it serves its newest elixirs to enjoy. Spearheaded by mixologist Volkan Ibil, The Back Room offers 13 new concoctions. [caption id="attachment_183397" align="aligncenter" width="525"] The Bootleg.[/caption] “The bar’s philosophy is more tipple than fare. Our 13 new signature cocktails are categorized into five themes based on taste preference which were named after a specific narrative of the Prohibition Era: Jag Juice (strong, flavor-forward), Giggle Water (sophisticated and glamorous), Live Wire (refreshing), Moonshine (experimental) and On a Toot (for sharing),” says Ibil, head mixologist of Shangri-La The Fort, Manila. [caption id="attachment_183399" align="aligncenter" width="525"] The Daily.[/caption] [caption id="attachment_183400" align="aligncenter" width="740"] Shoeshine at 30th.[/caption] Since its inception, The Back Room received multiple recognitions, such as 50 Asia’s 50 Best Bar 2019; Best Hotel Bars in the World — The Legend Awards 2020 by Departures Magazine; 51 Asia’s Best Bars 2021; Best Bar in the Philippines by Travel + Leisure Asia’s Best Awards 2022; and most recently 75 Asia’s Best Bars 2023. The Back Room also has its homemade gin — Bee’s Knees — locally made which pays tribute to popular Philippine ingredients: dalandan, malunggay and sampaguita. The post Homemade gin with a hint of malunggay and sampaguita appeared first on Daily Tribune......»»
Fortman Cline declared Best M& A Advisory Team in SE Asia
Fortman Cline Capital Markets was recently named the Best Mergers and Acquisitions Advisory Team in Southeast Asia for 2023 by Capital Finance International, a premier London-based print journal and online resource for business, economics and finance. In recognition of FCCM’s work as a corporate finance advisory and consulting firm, CFI wrote that the firm has “demonstrated a track record on assisting entrepreneurs and family businesses achieve transformational growth via joint ventures, external fund-raising placements, and inorganic acquisitions.” “In addition, it has assisted a number of entrepreneurs monetize their businesses via strategic transactions with responsible partners that could transform businesses towards a larger scale. The team has also developed specialized practices in healthcare, consumer businesses, infrastructure, and logistics. It has complemented its workforce with industry professionals,” CFI further said. The CFI award program aims to demonstrate “the many ways in which the economies of the world are converging” and the awards are given to individuals and organizations “that truly add value.” This is the second time that CFI has bestowed the recognition to FCCM. The first time was in 2019. That same year, FCCM was also given the Most Innovative Solutions Provider Award from International Finance, Inc. FCCM has been ranked as one of the top M&A firms in the Philippines by Bloomberg and in Southeast Asia by Thomson Reuters. “Having meaningful dialogues with our clients over a company’s lifecycle is very important. This develops customer loyalty, and annuity like revenue streams vis-à-vis a transaction-oriented approach to business,” said FCCM president and co-founder Daniel D. Ibasco. FCCM acted as one of the two financial advisers of Professional Services Inc., the company that owns The Medical City, as it recently sealed the deal with Luxembourg-based CVC Capital Partners. The deal will involve a control entry by CVC over the hospital’s Philippine assets and operations through a combination of convertible notes and secondary share purchases via an ongoing tender offer. FCCM has also assisted PSI in refinancing $146 million worth of guaranteed obligations of its subsidiary in Guam with non-recourse long-term debt from a syndicate of South Korean lenders. FCCM has assisted TMC grow into one of the largest healthcare networks in the Philippines through a series of multiple transactions performed for TMC over the last 10 years. In November 2022, FCCM advised TMC on the issuance of up to P12.7 billion of convertible notes to Universal Healthcare Services, Pte., Ltd., which is managed by CVC. The move is part of the hospital’s recapitalization program. “The current industry environment is ripe with opportunity driven by a demand for quality healthcare services, an increase in healthcare spending, and a growing middle class population,” Ibasco said. Prior to the CVC-TMC deal, FCCM advised Mang Inasal Philippines Inc. on its sale of a 70-percent stake to Jollibee Foods Corporation, and All First Equity Holdings on its acquisition of a 60-percent equity stake in Philippine Geothermal Production Company, Inc. from Chevron Geothermal Philippines Holdings, LLC (USA). The firm was also the financial advisor of San Miguel Corporation’s acquisition of Citra Tollways’ interest in the Southern Luzon Expressway, the sale of Air 21 Group to AC Logistics Holdings Corporation, the sale of 51% of The Generics Pharmacy to Robinson Retail Holdings, Inc., Bounty Fresh Food Inc.’s $300 million acquisition of Tegel Foods Ltd. in New Zealand, Fernwood Holdings, Inc.’s acquisition of a 100-percent stake in Liquigaz Philippine Corporation, and more. Before founding FCCM along with Gary P. Cheng in 2007, Ibasco headed Asian Capital Markets and Southeast Asian Investment Banking for Bear Stearns and Co. in Singapore and Hong Kong. He has over 30 years of experience in investment banking, debt and equity capital markets, private and venture equity and special situations, specializing in emerging markets and Southeast Asia. Cheng, on the other hand, is currently the Managing Director of FCCM. He was the president and CEO of Amalgamated Investment Bancorporation and has worked with J.P. Morgan in New York, Hong Kong, and London. Ibasco and Cheng are joined in the top executive positions by Clarisse T. Tan and Michael C. Tiutan, Executive Directors for the Investment Banking Group. Earlier in the year, FCCM established a management consulting arm under the leadership of Francis S. Del Val, who has more than three decades of global executive experience. The post Fortman Cline declared Best M&A Advisory Team in SE Asia appeared first on Daily Tribune......»»
Nikki de Moura crowned Miss Grand Philippines 2023
Nikki de Moura is the titleholder of the country’s first “golden crown,” following the Miss Grand Philippines 2023 pageant that was held at the SM Mall of Asia Arena in Pasay City on 13 July. The 19-year-old beauty queen from Cagayan de Oro City competed against 29 contestants and was crowned Miss Grand Philippines 2023. Aside from securing the crown, she also bagged multiple awards such as the Skin Elements Ambassador, Miss Philippines Airlines, Miss Bench and Miss Photogenic awards. De Moura is no stranger to the world of pageantry and fashion. In 2019, the Filipina-Brazilian beauty queen was crowned Miss Teen Philippines at the age of 15. She was also the Philippines’ representative when she competed in Supermodel Me, ranking second. Cagayan de Oro’s bet will represent the Philippines at the Miss Grand International 2023 in Vietnam this October. A Filipina representative has yet to win the Miss Grand International crown. Nicole Cordoves’ first runner-up finish in 2016 and Samantha Bernardo’s similar first runner-up finish in 2020 are the country’s best placements so far in the pageant. The post Nikki de Moura crowned Miss Grand Philippines 2023 appeared first on Daily Tribune......»»
BCDA marks new milestone
SUBIC BAY FREEPORT — The Bases Conversion and Development Authority recently clinched two Gold Awards from the 2023 Asia-Pacific Stevie Awards as the agency continues to intensify efforts on uniting people. The BCDA won the award for its innovative storytelling and creative design in the highly prestigious award. The “One Nation, One Legacy” BCDA annual report series from 2019 to 2021 was awarded the Gold Stevie Award for Innovation in Annual Reports. Meanwhile, the annual report of “We Build As One” garnered the Gold Stevie Award for Innovation in Government Publications. According to BCDA president and chief executive officer Aileen R. Zosa, these awards signify additional feathers to BCDA’s cap, three years after winning two bronze medals in the 2020 Asia-Pacific Stevie Awards for the 2018 Annual Report, “Clark. It Works. Like A Dream,” and the BCDA external newsletter, “Collective.” She added that the annual report is an important tool to connect the BCDA and its stakeholders as the agency continues to look for ways to make their content more accessible and engaging. “With these publications, we ask our readers to look beyond the data and see how BCDA’s accomplishments are also the accomplishments of the Filipino people. All these, while not forgetting to exercise transparency and accuracy in reporting our financial performance, as is our duty as a government institution,” Zosa said. “We are happy and very honored that the vastly prominent Stevie Awards has recognized our efforts. This inspires us to carry on with our task of ensuring effective communication with our stakeholders, including the military, our investors, and the public,” she added. Adopting elements of a lifestyle magazine both in terms of content and design, BCDA’s One Nation, One Legacy annual report series tells the story of BCDA and how its projects have impacted Filipinos before, during, and after the Covid-19 pandemic. The reports include human-interest stories anchored on corporate governance, business development, project management, and corporate social responsibility initiatives to communicate BCDA’s role as a catalyst of national growth and provider of economic opportunities for Filipinos. “We Win As One” (2019) featured New Clark City’s world-class sports complex completed in record time for the 2019 Southeast Asian Games. “We Heal As One” (2020) focused on BCDA’s role in the whole-of-nation approach in dealing with the pandemic and lastly, “We Build As One” (2021) highlighted how BCDA exercised political will amid a crippling health crisis to push for the completion of big-ticket infrastructure projects, such as the Clark International Airport terminal. The Asia-Pacific Stevie Awards are the only business awards program to recognize innovation in the workplace in all 29 nations of the Asia-Pacific region. The post BCDA marks new milestone appeared first on Daily Tribune......»»
Meralco wins 2 Stevie Awards bronze trophies
Following five bronze wins for its 2019 sustainability report and One Meralco Foundation initiatives amid COVID-19 at the prestigious 2020 International Business Stevie Awards, Meralco came away with an additional two bronze trophies at the recently concluded 2020 Asia-Pacific Stevie Awards. The Stevie Awards are the world’s premier international business awards program, and the Asia-Pacific […] The post Meralco wins 2 Stevie Awards bronze trophies appeared first on Daily Tribune......»»
‘Barangay 143’ conquers Netflix, streams on PopTV this Nov. 18
First Filipino anime series “Barangay 143” continues to bring the country’s name to the global stage after it debuted on streaming giant Netflix last month and even landed among the top ten most watched titles in Netflix Asia. “We are very proud that again we have reached another first with ‘Barangay 143,’ and that is the first Filipino anime series to stream on Netflix. This has been enjoyed by millions of Filipinos nationwide during its free TV run and we believe other countries would enjoy it just as much as Filipinos did. We hope it continues to entertain young viewers and inspire young Filipino animators,” said August Media Holdings CEO Jyotirmoy Saha. “From the very start, we want to make Filipinos proud and to be able to share our story to the rest of the world so we are just overwhelmed with all the positive feedback we are getting. ‘Barangay 143’ represents all of us,” said Synergy88 Entertainment Media COO Jackeline Chua. Ever since it premiered on Netflix, the show has again received positive feedback from Filipinos who expressed how proud they of the Filipino anime. Some also shared how happy they are that they can finally stream it online. Aside from that, clamor for its second season grows even more as avid fans of the show demand producers to finally end its more than one year of hiatus off air. Prior to this, “Barangay 143” made the headlines as it emerged the best in Asia and won the Best 2D Animated Program and Best Theme Song (‘Alanganin’) categories at the recent Asian Television Awards. It was also proclaimed regional winner in the Best Animated Program, Best Drama Series, and Best Theme Song (‘Liga ng Buhay’) categories at the 2019 Asian Academy Creative Awards. Produced by Philippine-based Synergy88 Entertainment Media, Singapore’s August Media Holdings, Japan’s TV Asahi and ASI Animation, “Barangay 143” tells the story of Bren Park, a young and rising basketball superstar from Korea who in search of his biological father in Manila. Here, he finds a new family in a team of misfits and turns their basketball team from underdogs to being the team to beat in the tournament. Aside from its Filipino storyline, “Barangay 143” was dubbed by Filipino celebrities-turned-voice actors led by Migo Adecer, Julie Anne San Jose, Ruru Madrid, and Kelley Day and seasoned actors John Arcilla, Cherie Gil, Edu Manzano, and Lorna Tolentino among others. It’s original soundtrack also features top OPM artists that include Gloc 9, Nina, Top Suzara, Kris Lawrence, Harlem Ty, Kevin Yadao, Krizza Neri, and Willie Revillame. It premiered on free-to-air television via GMA 7 in October 2018 and consistently dominated its Sunday morning timeslot according to data from AGB Nielsen. “Barangay 143” is still available on Netflix and will be available on newest streaming platform POPTV this Nov 18. To download just search “POPTV Pinas” on Google Play or Apple AppStore. For more information, visit www.facebook.com/poptvph.....»»
APAC Stevie Awards names SM ‘Organization of the Year’
SM Prime Holdings Inc. bagged the “Organization of the Year” Grand Stevie Award, the most coveted award given by the prestigious Asia-Pacific Stevie Awards, which recognizes outstanding businesses for creating innovations in the workplace. SM also won the Grand Stevie for “Most Honored Organization” in 2019......»»
PLDT, Smart named among world’s leading employers
PLDT Inc. and its wireless unit Smart Communications Inc. have been named among the Top One Percent of Leading Employers of 2023 by German firm Institute of Research and Data Aggregation......»»
Boracay, Palawan named among ‘Best Islands in Asia-Pacific’
Two island destinations in the Philippines were included in the 10 “Best Islands in Asia-Pacific” by a foreign travel magazine......»»
MPL PH Season 13: Smart Omega stays winless; AP.Bren takes solo lead
It's been a bad start for Smart Omega as the barangay remains winless in the 13th season of the Mobile Legends Bang Bang Professional League (MPL) Philippines......»»
Fil-foreign teams top NBTC finals
Global squads stamped their class as Fil-Am Nation Select-USA and Canada’s Top Flight Sports reigned supreme in the Smart-National Basketball Training Center National Finals Division 1 and 2, respectively, over the weekend at the Mall of Asia Arena......»»
Pacquiao, Sulaiman honor Filipino champs, eye PH-Mexico tiff
Invited by Manny Pacquiao to the Elorde-Pacquiao Boxing Awards, WBC president Mauricio Sulaiman announces that he will stage a dual meet involving the Philippines and Mexico.....»»
PUBG Mobile continues steady rise in Philippines
PUBG: Mobile has been a steady shooting game that Filipinos have been playing since its release back in 2018. Since then, the game has had Filipino-centric initiatives in 2022......»»
Lady Bullpups sweep way to glory
Local bet National U-Nazareth School survived the 51-point eruption of Naomi Panganiban for the fancied Fil-Am Nation Select Girls 1, 78-73, to reign supreme in the Manila Live Girls Under-19 Championships powered by the Smart-National Basketball Training Center (NBTC) yesterday at the Mall of Asia Arena......»»
Sarah Geronimo named 1st Woman of the Year at Billboard Philippines Women of Music awards
Sarah Geronimo made history yet again on Friday night as she was named the first Woman of the Year at the first-ever Billboard Philippines Women in Music awards held in Samsung Hall in SM Aura Premier, Taguig City. .....»»
Top 10 e-commerce sites in the Philippines 2019 - ASEAN UP
With a dynamic economy and a large population proficient with digital technologies, the Philippines is a fast-growing market for e-commerce in Southeast Asia. Several websites and digital applications are already fighting for market share, with global, regional and national players. The growing connectivity of the Philippines, rapidly overcoming the countrys infrastructure difficulties, enable more and Continue reading &q.....»»
Franki Russell appointed Miss Universe New Zealand 2024, country s first in 5 years
Filipino-Kiwi actress and model Franki Russell has been appointed as Miss Universe New Zealand 2024, making her the country's first representative to the annual pageant since 2019......»»
Elijah Woods on first-ever Asia tour, ‘loving’ Filipino fans
Canadian singer-songwriter and producer Elijah Woods (stylized as elijah woods) is bringing to Asia his ilu 24/7, 365 tour. The series of shows will commence on May 13 in Singapore and travel through Kuala Lumpur, Bangkok, Hong Kong, Manila, Tokyo and Taipei......»»