House approves measure allowing transfer of bad loans to asset companies
House approves measure allowing transfer of bad loans to asset companies.....»»
AboitizPower utilities score tech win for A.I. use
An artificial intelligence-enabled software developed by Aboitiz Power Corporation (AboitizPower) distribution utilities Davao Light and Power Co. Inc. (Davao Light) and Visayan Electric Company Inc. (Visayan Electric) with Aboitiz Data Innovation Pte. Ltd. gained recognition for helping advance technology and digital transformation in the utilities 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 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 its 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. Reduce manpower 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 in 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. Proof of concept 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.” The post AboitizPower utilities score tech win for A.I. use 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......»»
Used cars loans rising – Asialink
Asialink Finance Corp., one of the country’s fastest-growing finance companies, has tallied record numbers for 2022 on the back of a post-Covid recovery and robust demand for used cars. Asialink said it has established a niche in terms of financing on the used car sector which was its main driver of growth for last year. Independent Ken Research observed that auto finance is an emergent market in the Philippines at a growing stage even during the pandemic. The rising demand for automobiles, positive outlook for electronic vehicles, and growing digital advancements like artificial intelligence and machine learning, are expected to contribute to the market growth over the forecast period. The auto finance market is expected to see a high growth rate with a compound annual gain of 6.8 percent over the forecasted period 2021 to 2026. Positive prognosis With the positive outlook, Asialink opened additional branches, hired more sales personnel, and partnered with more car dealers, she said. In a special shareholders’ meeting, the company said its net income grew 43 percent to P2.654 billion in 2022 from a year earlier. Revenues were at P3.096 billion from P2.152 billion year-on-year. Its asset value, meanwhile, went up 39 percent to P11.369 billion. Asialink has been seeing exponential growth as the Covid-19 pandemic recedes into the background, allowing many industries to get back on track and seek financing to reinforce or expand their operations, the company’s general manager Eileen Mangubat said in her report. The post Used cars loans rising – Asialink appeared first on Daily Tribune......»»
Dirty brew
Harmony with the communities where San Miguel Corp. — which gained fame for its renowned beer — has put up its energy plants is not what the company is projecting, as most plants have been the subject of massive complaints from residents. According to a survey by think-tank Center for Energy, Ecology and Development, most of the complaints are related to the effects on the environment of the projects. For instance, in 2017, communities and civil society organizations launched the Break Free 2017 campaign to oppose the expansion of fossil fuel industries at the project site of SMC’s Limay Coal Power Plant. Residents of Limay, Bataan complained of being exposed to the emissions of the then 300-megawatt, or MW, coal plant and the 140-MW plant of the Petron Bataan Fuel Refinery. The groups’ claim that the plant’s testing operations may have resulted in ash spills was found to be accurate by the Department of Environment and Natural Resources, which issued a Cease and Desist Order. Before SMC acquired the Masinloc power plant in 2018, the plant was already subjected to opposition, which led to delays in its operation during the 1990s. Environmentalists, farmers, and fishermen at the time staged protests, claiming that contaminated water from the plant would reduce the fish catch. The Masinloc power plant was then owned and operated by state firm National Power Corp. and was billed as the solution to the long brownouts that Luzon suffered daily. Using his emergency powers, then-President Fidel Ramos endorsed the quick construction of the project, displacing over 1,000 individuals in the process. It was then discovered that the plant produced over 385,000 tons of ash yearly, putting local communities’ health at risk. The previous owners of the Masinloc power plant claimed to have spent over $1 billion for its realignment to make it more environmentally friendly. SMC considered the power asset as allowing them to increase their footprint in clean coal technology. There were then also complaints from residents whom CEED said were directly impacted by some of SMCGP’s coal power plants. The residents alleged harassment and intimidation by various individuals for them to give up their properties. In 2016, SMCGP proposed to construct and operate its Limay Power Station in Limay, Bataan. A portion of the power plant site was thereafter fenced off by private individuals who claimed to have sold the property, and people were prohibited from entering or accessing the crops they had planted in the area. The situation was the same in Sariaya, Quezon in 2018, after SMCGP proposed the construction of a circulating fluidized bed coal-fired power plant in the municipality. In Mariveles, Bataan, where SMC’s Mariveles coal-fired power plant units 1 to 4 will rise, residents found themselves ousted from the property they were living on, through rights, at the peak of the Covid-19 lockdowns by alleged landowners claiming the property had been sold. SMC’s mining business is also facing its fair share of opposition. Its Daguma Agro Minerals Inc., or DAMI, was granted a coal development and production operating contract in South Cotabato and Sultan Kudarat by the Department of Energy back in 2002. The contract included the 17,000 hectares of collective land that the SMC mining companies planned to explore. San Miguel Energy Corp. acquired full ownership of DAMI, which was owned by a group headed by businessman Ben Guingona. DAMI has coal mines in South Cotabato and Sultan Kudarat, in areas known for being rich in mineral deposits. DAMI’s projects in South Cotabato were opposed by environmental advocates, the local Catholic diocese, and the host communities, due to environmental and encroachment concerns. DAMI uses the strip mining method, a form of open-pit mining that is forbidden by South Cotabato’s 2010 environment code. The provincial board of South Cotabato rejected a resolution that would have endorsed DAMI’s mining operations since it violated South Cotabato’s ban on open-pit mining. The provincial board, however, moved to amend the code and lift the ban. Local officials are now under fire as they kept residents unaware of SMC’s tree-clearing operations. South Cotabato Governor Reynaldo Tamayo Jr., in response, vetoed the lifting of the ban on open-pit mining. The classic sound bite of the company of leaving no one behind is hard to discern from the way SMC treats communities it considers as getting in the way of its massive projects. The post Dirty brew appeared first on Daily Tribune......»»
AREIT buys P5.1-B office mall
AREIT Inc., the real estate investment trust sponsored by Ayala Land Inc., has acquired a mall and office development in Pasig City from the real estate giant for P5.1 billion. In a disclosure to the Philippine Stock Exchange, AREIT said it is buying The 30th, a 76,000 square meter commercial development located along Meralco Avenue in Pasig City. “The asset will increase AREIT’s portfolio to 246,000 square meters of GLA from 170,000 square meters and will contribute to its net income and dividends in 2021,” AREIT said. The 30th is a commercial development that was planned and developed by Ayala Land and completed in 2017. The office building is fully occupied predominantly by BPO companies. The 30th includes an amenity retail podium which will be operated and leased by Ayala Land from AREIT. Simultaneous to the acquisition of the building by AREIT, ALI will assign the long-term land lease to AREIT. AREIT wil lease office spaces to tenants, and the retail podium to Ayala Land under a fixed lease as operator of the retail spaces. The acquisition will be funded through debt. It will be a cash purchase with the installment schedule to be agreed by the parties. Currently, AREIT has no debt thereby allowing it to acquire assets that are yeld accretive through leverage. “This demonstrates AREIT’s ability to grow its portfolio and add value to its shareholders while its Sponsor, Ayala Land, Inc. can recycle the capital for its real estate projects in the Philippines,” AREIT said......»»
Bank loans used as RRR compliance hit P6.4 billion
Mid-sized and small banks have extended around P6.4 billion loans to micro, small and medium enterprises (MSMEs) as well as large companies, and booked these loans in compliance with their reserve requirement ratios, according to the Bangko Sentral ng Pilipinas......»»
Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey
New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»
Solon lambasts ‘conflict of interest’ as private firms leading ASF vaccine trials
A lawmaker on Wednesday grilled the Bureau of Animal Industry for allowing private suppliers to lead vaccine trials on African Swine Fever. In a Senate hearing on Wednesday, BAI Director Paul Limson admitted that they are just “monitoring” the field trials. Limson's remarks came after Senator Cynthia Villar mentioned that the BAI should be leading the trials to make more independent assessments of the vaccines. “Justify niyo nga sa akin bakit ninyo ginagawa, kasi ako nasho-shock (Can you justify it to me why are you not doing it because its shcoking me). You don't think there is a conflict of interest?" Villar, who chairs the Senate panel on agriculture, asked Limson. Limson cited the Food and Drug Administration guidelines stating that "the initiation, management, and or financing of clinical trials" is the responsibility of sponsors—these could be individuals, companies, institutions, or organizations. the FDA guidelines also allow sponsors to tap Contract Research Organizations to conduct the trials. Meanwhile, Villar also criticized the private suppliers of vaccines for apparently hastening the process even if there are no approved vaccines for ASF yet. She then suggested that the budget should be realigned first in the indemnification of hog raisers affected by the disease while waiting for the approval of ASF vaccines. The Department of Agriculture-BAI has earlier asked the Food and Drug Administration to certify a Vietnam-made ASF vaccine for its immediate distribution in the country. It was followed by the bureau’s endorsement to the FDA for the issuance of a Certificate of Product Registration—which will allow the commercial release of the vaccine in the country. On June 2, BAI Assistant Director Arlyn Vytiaco said they have recommended the AVAC doses—which have been proven "effective" - following the completion of safety and efficacy trials in at least six areas in Luzon. Vytiaco noted that 100 percent of the hogs who were vaccinated during the trials produced antibodies, and showed "no ill or side effects.” However, the BAI was still requesting the FDA for the CPR of the vaccine. The first ASF case was detected in the Philippines in 2019. Villar lamented that “lack of vaccine or effective treatment has made the control of the disease very challenging.” The post Solon lambasts ‘conflict of interest’ as private firms leading ASF vaccine trials appeared first on Daily Tribune......»»
Lenovo treats Phl as top Southeast Asian market
Even if neighboring countries in the Southeast Asian region are advantageous in terms of being technology savvy, the Philippines remains an integral market according to an official of Lenovo, a Chinese multinational technology company specializing in designing, manufacturing, and marketing consumer electronics, personal computers, software, business solutions, and related services. “We see strong demand for the Philippines, the only question is how the consumers get the technology. The pandemic has even made the demand for the Philippines surge because of the digital transformation, unlike pre-pandemic where everyone is scrambling. Right now, because of the transformation, growth is very evident. In other words, investments, including Lenovo technologies are still in demand in the market,” according to Giancarlo Nogales from the Infrastructure Solutions Services Sales of Lenovo Philippines at the sidelines of the VST ECS CXO Tech Summit at the Dusit Thani in Mactan Cebu. “In terms of devices, the Philippines is actually doing well,” he added. Last August, the company said that over the next three years, Lenovo is committing a further $1 billion in investment for artificial intelligence that will focus on providing AI devices, AI-ready, and AI-optimized computing infrastructure, and embedded AI-generated content into the intelligent solutions of vertical industries to help customers improve their productivity. Lenovo in September 2023 has unveiled new cutting-edge tech tools and essentials tailored to empower the dynamic, evolving needs of today’s business end-users. It said that the new monitor, software, and accessories are not only designed to boost the capabilities of today’s remote and hybrid workforces but also to address significant challenges faced by businesses as they digitize operations across departments. “Lenovo research shows that managing a remote workforce and global teams remain central tasks for CIOs.1. That is why the new offerings integrate impressive processing power, immersive 3D, and advanced security to create a unified, human-centered experience,” the company said. Further, Nogales added that sales for Lenovo in the Philippines will continue to soar as the country has a bigger population which connotes demand compared to other nations in SE Asia. What Lenovo can count on with the Philippines is the demand for laptops and tablets that are now being used by students, educators, workers, and even the government. “Actually, we have an ongoing engagement with the government sector. I was at an event with the DICT (Department of Information and Communications) and we had discussions with the Department of Education as well, but we still understand what they are looking for. Of course, with DepEd, it’s a big agency, and what I can say is we are working with them across whatever we can offer—cloud technologies, among others,” he told the DAILY TRIBUNE. Nogales said he sees an ongoing digital transformation within organizations and will continue over the coming years. Digital transformation is an ongoing journey Meanwhile, VST ECS president and CEO Jimmy Go stressed that in the ever-evolving world of technology, organizations are charting a course - through a landscape that has seen profound advancement in recent years. “It's important to understand that digital transformation is not a one-time event but an ongoing journey. Every day, we bear witness to the unveiling of new digital technologies. In this dynamic environment, the lines between the physical and digital worlds are blurring, creating a phenomenon known as phygital convergence," he said. He said organizations nowadays stand at the threshold of a remarkable technological revolution. “Generative AI is the talk of the town with Chat GPT and other AI, offering organizations the power to intelligently automate customer experiences and streamline internal operations. The implications of this technology are far-reaching. Microsoft is launching CoPilot and most software applications are incorporating AI in their applications. Gartner predicts that by 2030, a staggering 80 percent of people will interact with smart robots daily, and in just two years, these smart robots will become workforce partners for 90 percent of global companies,” he said. Further, Go stressed that AI and machine learning, once a novel concept, have become integral to the products and services offered by major companies. “A mere decade ago, we were learning to communicate with machines. Today, machines understand and adapt to our language, erasing the boundaries between humans and technology. While AI is currently the headline in the tech world, we must not lose sight of the critical need to modernize our IT infrastructure,” he stated. For organizations to embrace technology, he said it’s a pivotal step in allowing organizations to embrace the latest technology trends, including Multi Clouds, Quantum computing, Data explosion, RPA, Generative AI, and more. “Investments in Connectivity solutions, Digital Infrastructure, Cloud technologies, Cybersecurity, Big data, Storage, Automation, and Collaboration tools remain vital to prepare for the ever-evolving Tech landscape. In the Israel-Hamas and Ukraine-Russia wars, Technology plays a very important and critical role in their war strategies. Computers, AI, Starlink, and drones are heavily used in their strategies,” he said. The post Lenovo treats Phl as top Southeast Asian market appeared first on Daily Tribune......»»
Musk’s X strips headlines from news links
Elon Musk's social media platform X has stripped headlines from news articles shared by users, in a move likely to further worsen relations with media groups. The tycoon has long railed against the "legacy media" and claims X, formerly Twitter, is a better source of information. However, he said the latest change was for "aesthetic" reasons -- news and other links now appear only as pictures with no accompanying text. Musk took over Twitter last year in a $44 billion deal and has since renamed it X, sacked thousands of staff and drawn criticism for allowing banned conspiracy theorists and extremists back on the platform, sending advertisers fleeing. He has also banned -- and reinstated -- various journalists with mainstream outlets including the Washington Post and CNN, as well as appearing to delay posts from accounts including the New York Times. "I almost never read legacy news anymore," Musk posted on Tuesday. "What's the point of reading 1,000 words about something that was already posted on X several days ago?" Souring relations Some media groups have stopped posting to X altogether because of the rise in hate speech and the behavior of Musk. AFP and other French news outlets launched a legal case in early August accusing X of copyright breaches. When the changes to links were first mooted in August, Musk posted: "This is coming from me directly. Will greatly improve the esthetics." The changes appear to have been introduced gradually this week. Instead of seeing a headline along with a picture, users now see only a picture with a small watermark. The changes brought a good deal of criticism, journalist Tom Warren of The Verge website posting on X: "It's the latest in a long line of dumb changes on this platform." Some users have already commented that it is now difficult to distinguish between news and other kinds of information, which is likely to raise questions about the trustworthiness of the site. In September, the European Commission said X had a higher ratio of misinformation and disinformation than any other social media. The souring relationship between media and tech companies is not limited to X. Both Google and Meta have pushed back against laws forcing them to pay media companies to show stories. The changes are having a real-world effect, with Axios news site reporting on Tuesday that referrals to media websites from X and Meta's Facebook had collapsed in the past three years. Ads 'decimated' Musk said in July the platform had lost roughly half its advertising revenue, though a month earlier he had claimed that almost all advertisers had returned and that 90 percent of bots had been removed. According to a Media Matters report released Wednesday, most of the top 100 advertisers at Twitter in the weeks prior to Musk's takeover are spending dramatically less at the platform. "Media Matters found that the company's ad revenue is still decimated," the report stated. Since Musk purchased the company, it has earned 42 percent less ad revenue than before his tenure, according to Media Matters. Market tracker Insider Intelligence estimates that X's share of the worldwide digital ad market has fallen nearly 28 percent to about a half a percent in the past year. Musk has suggested charging all users of X, which would be the biggest shake-up since he took over the site, but experts say he might struggle to get most users on board. The post Musk’s X strips headlines from news links appeared first on Daily Tribune......»»
Court approves Yanson matriarch’s last will disinheriting 4 children
A Bacolod City regional trial court approved the petition of Yanson Group of Bus Companies matriarch Olivia Villaflores Yanson for probate of her last will disinheriting four of her children and naming two as her universal heirs. Bacolod City Regional Trial Court Branch 44 Presiding Judge Ana Celeste P. Bernad in Special Proclamation No. 19-2771 dated 31 August 2023, said: “The last will of Olivia Villaflores Yanson is allowed probate as it complied with the formalities required by law”. Olivia, who together with her husband, the late Ricardo Yanson Sr. established Vallacar Transit Inc. in 1968 that eventually became the largest bus company in the Philippines, named her children Leo Rey and Ginnette as the universal heirs in her will. It may be recalled that on 15 April 2019, Yanson filed a petition for probate of her last will and testament, which was docketed as Special Proceedings No. 19-2771. Olivia’s four other children—Roy, Emily, Ma. Lourdes Celina and Ricardo Jr.—who are collectively known as the Yanson 4, opposed the probate of her will, saying their mother was under due and improper influence and pressure from Leo Rey and Ginnette. Judge Bernad, in her proclamation, said the oppositors to the probate process had not presented any evidence to the court that would show that there was undue influence or pressure exerted on the petitioner before or during the execution of her last will and testament. The court said the petitioner (Olivia) had shown to the court and proved that it was her personal decision to make a last will and testament and that she asked her lawyers to prepare a draft containing all the provisions she wanted. Olivia was 85 years old when she made her last will and testament and proved she was in full possession of all her reasoning faculties or her mind was unbroken, unimpaired or unshattered by disease, injury or other cause at that time. The petitioner said she knew the nature and extent of her estate and she clearly understood the importance and consequences of making a last will and testament. The petitioner signed the will in the presence of four subscribing witnesses. The will was also acknowledged before a notary public by the petitioner and the instrumental witnesses. Judge Bernad said that in considering the petition and the opposition, the court kept the pronouncements of the Supreme Court in mind and only looked at the issue of the extrinsic validity of the last will and testament of Olivia Yanson. The Supreme Court in a 2020 ruling said "the main issue which the court must determine in a probate proceeding is the due execution or the extrinsic validity of the will as provided in Section 1, Rule 75 of the Rules of Court.” It said the probate court could not inquire into the intrinsic validity of the will or the disposition of the estate by the testator. Thus, due execution is "whether the testator, being sound of mind, freely executed the will in accordance with the formalities prescribed by law." The post Court approves Yanson matriarch’s last will disinheriting 4 children appeared first on Daily Tribune......»»
Metrobank gets global recognitions for exceptional performance
Built on trust, Metropolitan Bank & Trust Co. has been recognized as the Strongest Bank in the Philippines by The Asian Banker for the third straight year and the Best Domestic Bank in the country by Asiamoney. This attests to the Bank’s strength and reliability in putting its clients in good hands. The Bank gained these prestigious international recognitions from The Asian Banker and Asiamoney for its consistent strong financial performance across the board. In the first half of 2023, Metrobank maintained a strong 34 percent growth in net income of P20.9 billion, fueled by the Bank’s expanding assets, enhanced margins, and robust fee income growth while sustaining a stable asset quality. One of the World’s Best Companies On top of these awards, the Bank was also listed by TIME Magazine and Statista as one of the World’s Best Companies. The “World’s Best Companies” is a comprehensive list that ranks top performing companies across the globe based on employee satisfaction, revenue growth, and sustainability. “We’re honored to receive these back-to-back recognitions, especially as we celebrate the Bank’s 61st anniversary. At Metrobank, we always strive for excellence — whether it be in addressing our clients’ needs, achieving exceptional financial performance across our business, or contributing to nation-building. These awards are testaments to the steadfast commitment and relentless drive of each Metrobanker to keep Filipinos in good hands,” said Metrobank president Fabian Dee. Reliable partner through Filipinos’ financial journey For decades, Metrobank served as a reliable partner for Filipinos throughout their life journey — providing them financial services and guidance that are tailor-fit to their needs, even as they now navigate a modern and digital world. But before offering them a product or a service, every Metrobanker ensures that their clients fully and clearly understand the financial products and services they will avail of. The Bank’s mission to enable Filipinos throughout their financial journey goes beyond simply offering relevant solutions. Despite its financial success, the Bank’s priority and advocacy is to educate Filipinos first as they step into their financial journey. This is to make sure that every client makes a fully-informed financial decision and know how to protect themselves against fraud. This is made evident through Metrobank’s sustained financial education efforts — designed to equip Filipinos with reliable financial advice, fit for every life stage. In 2022, Metrobank introduced a comprehensive personal finance e-book developed to help Filipinos to become financially resilient. Meanwhile, the Bank’s Earnest app aims to simplify investing, through bite-sized lesson cards and easy-to-understand articles that cover basic investing concepts. For more advanced investors, there is Wealth Insights, an online portal that contains publicly accessible market-moving news and insights, as well as exclusive premium content that includes bespoke articles which dive deep into timely and actionable investment ideas. Meanwhile, Metrobank provides its clients with regular reminders and guidance to protect themselves against fraudulent transactions via SMS, emails, and social media posts. Today, Filipinos can easily start their financial journey by going to Metrobank’s hundreds of branches nationwide or digitally via the Earnest app. Those aiming to further grow their funds through investments can do so with Metrobank’s Online Time Deposit, which offers an interest rate of up to 4.5 percent, or through Metrobank’s wide-range of unit investment trust funds (UITF). With its commitment to give customers a safe, simple and secure experience on the NEW Metrobank app, the Bank recently introduced its interoperable QR feature, which allows on-the- go clients to enjoy more convenient fund transfers to and from other banks and e-wallets. Meanwhile, clients who are ready for a life upgrade - be it a new car or their dream home, can avail of Metrobank’s home and car loan offers with affordable rates and flexible payment terms. Growth partner for businesses Metrobank’s services transcends from customers to enterprises. When Metrobank was founded in 1962, it was primarily built to be a bank for businesses. Over six decades later, the Bank continues to stay true to its roots by offering a full suite of best-in-class financial solutions designed to serve enterprises of all sizes — from SMEs to large corporations based here and abroad. The post Metrobank gets global recognitions for exceptional performance appeared first on Daily Tribune......»»
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......»»
MSMEs good payers — SB Corp.
The micro, small and medium entrepreneurs are being extolled by Small Business Corporation, an attached agency of the Department of Trade and Industry, for being good payers even though some of them have already closed shop because of the global contagion three years ago. During his guest appearance at the Daily Tribune’s digital show Straight Talk on Wednesday, SB Corp. president Robert Bastillo said almost one-third of the lenders catered to by SB Corp. have closed their businesses during the height of the Covid-19 pandemic. “The good thing is that these MSME lenders are still paying their debts even if their businesses were shuttered. These are indeed entrepreneurs as they want to have a good reputation and a good track record when it comes to debt. That is important for us. But still, the majority of the lenders are good payers even though some are delayed,” he said. The past-due rate of SB Corp. during the pandemic was 30 percent, considering that most funds in its portfolio were released during the pandemic. Past due rate manageable The past-due rate refers to the lenders who are delayed in their payments. Currently, the past-due rate of SB Corp. is from 20 to 25 percent, considered by Bastillo as healthy, considering that the country is just coping with the pandemic crisis. From 2019 to date, Bastillo said SB Corp.’s total direct MSME lenders are now at 55,000, while those courses through cooperatives, micro-finance institutions, and private financing companies — or what they call loan conduits — are now reaching 300,000. “SB Corp. lenders can borrow from P30,000 up to P20 million maximum. Lenders up to P5 million do not need collateral, but first-time borrowers can only borrow up to P3 million. If they are good payers, they can expand their loan after six months,” he said. No stringent requirements required In terms of process, SB Corp. does not require stringent requirements for MSMEs if they are only lending up to P100,000. “We only require other requirements, such as a Mayor’s Permit, among others if they are already asking more than P100,000. We have credit scoring in place based on the lender’s assets or annual sales. That’s a discipline in lending and a risk management procedure,” he said. SB Corp.’s fund being ushered to MSME lenders is coming from its corporate equity, being a corporation. Inadequate revolving fund “We have a capital of P10 billion, but what has been given to us for the past 28 years, was P2 billion. It’s a revolving fund that is not enough. The P10 billion was given in full in the last pandemic, but those are meant for dying MSMEs. It’s hard during that time,” according to Bastillo. He said even the salaries of their employees are coming from the revolving funds, as they are given by the government annual appropriations because they are a corporation that is supposed to earn money. “We live within what we earn. It is difficult in the sense that it is also challenging. How do you help and keep yourself afloat when everybody around you is struggling? That is our problem during the pandemic. But we are happy to say that despite that, we have a modest income, and we were able to serve MSMEs very fast,” he said. According to Bastillo, MSMEs with P100,000 to P3 million worth of assets are considered micro, MSMEs that have an asset of P3 million to P15 million are considered medium, while those with 100 million assets are considered large entrepreneurs. The country’s MSMEs dominate the entrepreneurial environment, accounting for more than 99.5 percent, 80 percent of which are micro. The SB Corp. is a government financial institution created in January 1991 under Republic Act 6977 or the Magna Carta for Small Enterprises, amended by RA 8289 in 1997 and RA 9501 in 2008. It has the primary responsibility of implementing comprehensive policies and programs to assist MSMEs in all areas, including but not limited to finance and information services, training and marketing. The post MSMEs good payers — SB Corp. appeared first on Daily Tribune......»»
The Advantage of Adopting the Right Digital Tools for your Business
Amid the uncertainty in customer behaviors and trends from the crisis, this much is clear: updating the business for a digital-first world, led by purpose, is now a must for almost every company. To do so, they must determine where new business value exists in the new normal, what digital business models will capture it, and which tools and behaviors will support the adaptability and resilience that these models require. On this section, we talked to the creators behind the award-winning platform made for businesses like yours. The Digital Advantage Companies need an understanding of 3rd Platform technologies to capitalize on improved decision-making and to deliver enhanced, customized experiences to stakeholders. The rapid acceleration of 3rd Platform technology adoption means that corporates need to actively be looking for ways to improve their operational efficiency and customer service, otherwise, they will be in danger of falling too far behind digitally-native competitors to ever catch up. Efficiency Past recessions show that controlling costs by improving operational efficiency—a task for which digital solutions are perfectly suited for—is more effective in sustaining businesses through financial turbulence than traditional cost-cutting measures alone. The biggest efficiency play is automation. Streamlining operations and automating manual processes result in greater speed, less waste and more focus on revenue-generating activities. The economics of automation is simple: the same work is performed faster and with fewer mistakes, while human capital resources can be redeployed to higher-value tasks or to fill critical gaps. Convenience Company bank accounts are available in any device, the only things you need are internet connection and a few taps on the screen. This brings about an increase in customer satisfaction as they are able to constantly keep track of their account balances and manage the information on their personal profile (i.e. add new mailing address, e-mails, telephone numbers, etc.). In addition to this, there is no need to go to the bank to get checks as they can be instantly sent via email. 24/7 Reliability Online banking services are available 24/7 all year round, even on weekends. There is no need to line up and wait for the bank to open in order to conduct certain operations. This is a huge advantage that comes with digital solutions Security With all the recent news about data breaches, you might be wondering about the security of mobile and online banking. Security is top priority for banks when choosing whether or not to offer online banking. All banks use “Pentagon-grade” encryption technology and sophisticated firewalls. Mandatory security upgrades are required by bank regulators, so you can be confident that keeping your information secure is one of your bank’s utmost priorities. As digital transactions increase and productivity grow, companies must take proactive steps to protect their data privacy and security and adopt models that give them governance over their data. Today’s Platform Driven Solutions Self-service account management, bills payment and electronic fund transfers are considered the basic banking functions that each business should have. Account management allows viewing of account balances and transaction history without going to the bank. All these were made easy and accessible, by just logging into UnionBank’s The Portal app. Bills Payment, on the other hand, gives businesses access to a large list of billers. They can pay their water, electricity, telco, and other utilities online. BIR ePayment is also available, allowing users to pay taxes online. If the company is an accounting firm, they can also pay for their client’s taxes on The Portal app. Electronic fund transfers save companies time and reduce their risk exposure. Just upload the batch crediting file on the platform and it automatically disburses it to their recipients. Clients can also set up their recipients in UnionBank Business Banking so they receive email and SMS notifications every time they are credited. All these are made possible without stepping inside a branch. Batch Electronic Funds Transfer is also now made available for UnionBank Transfers and PESONet. This enables the streamlining of bulk account to account transfers to another UnionBank account or to other bank accounts. This has highlighted the ease and convenience of going digital to corporate clients versus processing transactions through the traditional way of banking over-the-counter or paying via cheques. Going beyond the basic functions of a normal digital banking tool, The Portal’s self-enrollment feature allows businesses to conveniently self-enroll their nominated accounts and users through the simple enrollment steps. Once completed, access to The Portal is granted and clients may enjoy the convenience of processing their funds transfer instructions online. In addition, there is an option to initiate the enrollment of the beneficiary accounts individually or in bulk. This can be essential for clients that need a payee maintenance feature to ensure that the initiated transactions are only credited to enrolled account. With the convenient, hassle-free and straight-through processing in The Portal, businesses can easily push fund transfers in the comfort of their own homes or offices. This pandemic serves as a widespread test case for the effectiveness of these digital solutions, many of which will be permanent fixtures and lead to long-term changes for many businesses. Organizations that embrace digital solutions have greater resiliency in the face of adversity and are way ahead of the competition, which will enable them to recover faster and pivot from playing defense to chasing growth. While many believe it is too idealistic to have a good workplace culture and excellent compensation, many jobseekers significantly consider these two factors when applying for a job, according to two studies. The 2021 Employee Experience Survey by Willis Towers Watson reported that 89 percent of respondents believe a positive employee experience is a crucial driver of engagement, while a 2023 survey from the online recruitment platform JobStreet found that 53 percent of Filipino job seekers would like to know the salary range offered while still in the recruitment process. Aside from great benefits and compensation, employees in the IT industry pointed out that a good work culture and environment, as well as training programs, are the top priorities of job seekers. Vanessa Liwanag, business development director at Yondu, acknowledged the company’s role in her growth, “Yondu has helped me develop my leadership, decision-making, and communication skills through its effective leadership training programs. The company also helped me grow personally because of its hybrid setup. This allows me to have a work-life balance. I can still care for my family and health while contributing to the organization.” Leather, who specializes in securing networks from vulnerabilities, noted that training programs are essential as trends continuously evolve. IT professionals need to keep up in order to be efficient. Steph, a software solutions engineer, echoed this, adding that since the industry is highly competitive and fast-paced, getting equipped with the right skills and knowledge is essential. Grace, a malware researcher, said that one advantage in the IT field is that since it’s a broad industry, there is always much to learn and room for improvement. Yondu, an IT solutions company wholly owned by Globe, offers all these benefits and compensation, a good working environment, and training programs to Yondudes, a nickname for its employees. Competitive pay and benefits are OK for Yondu as the company ensures this through regularly benchmarking market data and best practices. There are also tailor-fitted rewards programs according to talent segments. Yondu also ensures its employees remain competitive and well-equipped by industry standards through various training, reskilling, and upskilling programs to hone their skills in the constantly changing tech industry. Despite the fast-paced sector continuously evolving, Yondu still values work-life balance and provides programs to support Yondudes’ well-being further. “What sets Yondu apart from other organizations is its genuine focus on understanding and supporting its employees,” said Javen Babac, lead application support specialist at Yondu. “The company recognizes that employees perform their best when they feel valued and supported, and this philosophy sets Yondu apart by fostering a positive and inclusive work environment. The organization’s commitment to understanding its employees and providing the necessary resources demonstrates its dedication to employee well-being and sets a strong foundation for professional growth and job satisfaction.” The post The Advantage of Adopting the Right Digital Tools for your Business appeared first on Daily Tribune......»»
Five groups target NAIA takeover
Five companies have signified their intention to take over the operations and management of the Ninoy Aquino International Airport or NAIA a few weeks after the Department of Transportation or DoTr opened the bidding for the P170.6-billion project. In a text message to the Daily Tribune on Wednesday, the DoTr confirmed that five potential bidders have bought bid documents for the project. As of 13 September, the interested companies include San Miguel Corp. or SMC, Spark 888 Management Inc., and Asian Airport Consortium. Two others who submitted bids — Manila International Airport Consortium or MIAC and GMR Group — have previously vied for the NAIA rehabilitation. MIAC is composed of Aboitiz InfraCapital, Inc., AC Infrastructure Holdings Corporation, Asia’s Emerging Dragon Corporation, Alliance Global — Infracorp Development Inc., Filinvest Development Corporation, and JG Summit Infrastructure Holdings Corporation along with Global Infrastructure Partners. Super consortium in running In 2018, the government awarded the Original Proponent Status for the NAIA rehabilitation to a “super-consortium” formed by seven of the country’s biggest conglomerates: Aboitiz InfraCapital Inc.; AC Infrastructure Holdings Corporation; Alliance Global Group Inc.; Asia’s Emerging Dragon Corporation; Filinvest Development Corporation; and JG Summit Holdings Inc. and Metro Pacific Investments Corp. It was, however, terminated. Thus, Megawide Construction Corp. and partner GMR Infrastructure Ltd. also submitted an unsolicited proposal to upgrade and rehabilitate the highly congested NAIA. Despite the substantial progress, the much-needed NAIA rehabilitation was back to square one after the previous administration also rejected the proposal. According to the MIAA, the Megawide consortium failed to convince the government of its financial ability to support the project. Meanwhile, the SMC., an Asian conglomerate led by businessman Ramon S. Ang, is currently taking on the P740-billion New Manila International Airport in Bulacan. Award out by December Previously, the DoTr conveyed that the contract may be awarded to the winning bidder as early as December if the government stays on schedule. The National Economic and Development Authority or NEDA, chaired by President Ferdinand R. Marcos Jr., approved the solicited bid to privatize the operations of NAIA. NEDA Secretary Arsenio Balisacan said the project will help address the long-standing issues at the country’s main air hub such as congestion and limited aircraft movements that usually cause inconvenience to passengers. The DoTr and the Manila International Airport Authority submitted a joint proposal to the NEDA Board to privatize the operations and management of NAIA within 15 years. The project is expected to improve the overall passenger experience and increase the current annual passenger capacity of NAIA to at least 62 million from the current 32 million. Previously, Transportation Secretary Jaime J. Bautista floated the possibility of closing down the airport — only if nearby airports become operational. Bautista explained that the government can have the option to close NAIA if airports in adjacent provinces like Cavite and Bulacan are ready to accommodate the travel-hungry tourists in the country — both local and international. “If there will be new airports, then the government can decide to close the Manila International Airport or MIA because it can be a valuable government asset. On the other hand, it is possible to continue its operations because of its prime location in the Metro,” Bautista told reporters. “So yes, it is possible to close, it is also possible not to close MIA,” he added. Bautista also assured that in case the airport continues its operations, SMC’s Bulacan Airport can still drive up profits despite the competition. The post Five groups target NAIA takeover appeared first on Daily Tribune......»»
Russian hacker draws 9 years for securities fraud
NEW YORK (AFP) — A Russian who reaped tens of millions of dollars trading US stocks using hacked, unreleased company earnings reports was sentenced Thursday to nine years in prison. Businessman Vladislav Klyushin, 42, was convicted in February of hacking and securities fraud in a federal court in Boston, where he was tried after being extradited from Switzerland in December 2021. Klyushin, who reportedly had close contacts in the Kremlin, owned a Moscow information technology firm named M-13. His firm helped partners and clients hack into the computers of two US businesses that publicly listed companies use to file official financial reports. During 2018-2020, they obtained filings from hundreds of companies on earnings and other matters, allowing them to trade the shares before the information went public, according to the Justice Department. Investing $9 million over that period, they pulled in nearly $100 million on the trades, the Justice Department said. Klyushin himself earned $34 million, in his own trades and in commissions for helping others invest. In addition to his prison sentence, he was ordered to forfeit his $34 million in profits and pay an unspecified amount in restitution for damages. The post Russian hacker draws 9 years for securities fraud appeared first on Daily Tribune......»»
VR, AI bring Wallace, and Gromit to ‘life’
VENICE, Italy (AFP) — The rapid evolution of virtual reality was on display here this week, with visitors brought into the world of Wallace and Gromit and watching books come to life before their eyes. Running alongside the world’s oldest film festival, Venice Immersive is tucked away on a former quarantine island that transforms each year into a showcase for the latest frontiers of entertainment. This year showed how quickly technology is evolving. Some experiences had users interacting with the virtual environment using hand controllers. Thus “Wallace & Gromit in The Grand Getaway” plunged them into the world of the famous animated duo. Players become Gromit, helping him fix his hapless owner’s contraptions and rescue them from an accidental trip to Mars. “The interactivity in those worlds is increasingly precise and diverse,” said Venice Immersive co-curator Michel Reilhac. “Makers are finding ways to hijack the technology and use it in really unexpected ways.” Another experience used VR helmets to put several people at once in the studio of Spanish architect Antoni Gaudi, allowing them to snoop around his workshop and watch as his famous Barcelona cathedral rose up spectacularly around them. AI was an inevitable talking point, with one experience using a mix of two AI apps, ChatGPT and Midjourney, to ask users about their deepest thoughts before creating a bespoke story and images based on their answers. One of the most technologically impressive was “Jim Henson’s The Storyteller.” Page-turner Visitors don augmented-reality glasses to watch a 3D film come to life on a special book they hold in their hands, moving through different chapters as they turn the pages. It is the latest innovation from VR pioneers Felix and Paul Studios, who have created immersive tours of the International Space Station, the Obama White House and LeBron James’s training sessions. The interactive book was another “leap of faith,” co-founder Paul Raphael told AFP. “We wanted to realize the dream of what an augmented book could be,” he said — but that required “pushing the technology so much further.” Cameras in the glasses read the surface of the pages and track their position in real time, which the algorithm, designed from scratch, uses to calculate where to overlay the constantly moving 3D images. “The performance and speed at which it needs to happen is kind of insane,” Raphael said. With the emergence of new headsets from Apple and other companies, he believes augmented books could soon become widely available. Immersive “It’s early days and there’s so much ground to cover,” he said. “Even after 10 years, it feels like we could do this our whole lives and still just scratch the surface.” The festival highlighted social experiences, particularly VR Chat, an online platform allowing users to meet and play in virtual worlds. “VR immersive is no longer a solitary experience,” said Reilhac. “It’s gained a social dimension — and that’s where it will find its ‘killer app’ that wins over a much bigger audience.” As the tools evolve, creating these virtual worlds has become much easier, with free templates available for newcomers to use. The post VR, AI bring Wallace, and Gromit to ‘life’ appeared first on Daily Tribune......»»
UK report exposes high number of anonymous property owners
Over two-thirds of properties in the UK held by overseas shell companies still do not publish information about the identity of their owners, according to new research. The report by researchers at the LSE, the University of Warwick and the Centre for Public Data found that law enforcement agencies did not even know the true identities of the owners of 35 percent of the properties. The UK government has previously committed itself to cracking down on anonymous ownership of UK property. Parliament was on Monday due to consider amendments to the Economic Crime Bill, aimed at closing some loopholes, but the LSE said Prime Minister Rishi Sunak's Conservative government was opposing this. "We still don't know who really owns tens of thousands of properties in the UK. The government should act to close these loopholes," said Anna Powell-Smith, director of the Centre for Public Data. The report said the identity of owners was hidden in the cases of 109,000 out of 152,000 properties (over 70 percent) held via overseas companies. The main reason for "missing or inaccessible information" was the use of trusts, accounting for 63 percent, it said. The report also highlighted how shortcomings in the register of owners of UK companies -– known as the PSC register -– could also be allowing corrupt practices. At present, nominees and trustees owning shares are not required to tell UK authorities who they are acting for. The government is opposing an amendment that would bring transparency to these arrangements, the LSE added. "The striking thing is that most of the problems with the register are self-inflicted," said Cesar Poux, research officer at LSE's International Inequalities Institute. "There certainly is some rule-breaking, but most of the problems are because the legislation is flawed." The post UK report exposes high number of anonymous property owners appeared first on Daily Tribune......»»
Adding value to memorial properties
Like all investments, memorial properties must continue to add value to succeed and thrive by enhancing their services and setting themselves apart from the competition. As customer preference shifts toward cremation and lower burials, funeral homes compete with e-commerce. In the face of this competition, Golden Haven Memorial Parks successfully implemented various aesthetic upgrades to deliver an exceptional customer experience for Filipino families and investors seeking to purchase memorial properties. Golden Haven’s upgrades began at its flagship property, Golden Haven Las Piñas, where a pet play area is now under construction. This unique pet-friendly feature sets Golden Haven apart in the memorial property sector, allowing families to enjoy their park visits. At the same time, their beloved pets, some of which may have belonged to their departed loved ones, can romp and play freely. Meanwhile, Golden Haven Norzagaray’s Aero Columbarium has undergone a vibrant transformation. Collaborating with a talented artist, Golden Haven has infused the dome with striking colors and intricate designs inspired by the park’s ‘jardin tropicale’ theme. This masterpiece seamlessly blends artistry and nature’s beauty, offering a visually stunning tribute to those who have passed on. Golden Haven Manaoag, renowned for its serene ambiance, has unveiled their latest masterpiece, the Romanesque-style Puerta Real. This architectural marvel, which takes inspiration from the classic landmarks of Ancient Rome, is envisioned to enhance visitors’ and memorial property owners’ overall experience. Meanwhile, Golden Haven Amadeo now displays a vibrant hand-painted mural at its entrance. Called “Entresuelo de Baracco,” the captivating artwork embodies the park’s loving spirit and warmly welcomes all visitors. Visitors may also indulge in strolls on the park’s newly completed pathwalk that meanders through verdant landscapes. Additionally, Golden Haven Amadeo’s investors and property buyers will enjoy ease of transactions during park visits when construction of its site office is finally completed. Still on a roll, Golden Haven Padre Garcia and Golden Haven Liliw now boast artistic and cultural enhancements, completing their gates inspired by Japanese Minimalism and a “Pamana” theme, respectively. The memorial park developer also shares that the construction of two new bridges at Island Lagoon in Golden Haven Cebu has been completed, adding to the park’s beauty and enhancing visitors’ overall experience. On the functional side, security and convenience are ensured at Golden Haven San Jose, where construction of a gate and guardhouse is underway. Golden Haven is likewise completing construction work on the gates and guard houses of Golden Haven Koronadal and Golden Haven Bukidnon. Finally, preparations are underway to commence construction in Golden Haven Puerto and Iligan. Despite being recently launched, these parks rapidly expand their regional presence, fulfilling Golden Haven’s vision of thematic beauty and tranquility. Even as Golden Haven’s park upgrades are set to exceed expectations, it has more positive revelations: Golden Haven has transitioned over half of all its properties nationwide to solar energy. This eco-friendly initiative highlights the company’s assurance of a sustainable future while providing investors with a valuable asset. Today, park visitors can indulge in the tranquil beauty of Golden Haven properties, knowing that the park operates entirely on clean energy. The post Adding value to memorial properties appeared first on Daily Tribune......»»