MANILA, Philippines – The Center for Global Best Practices (www.cgbp.org) is holding a special seminar titled, Refresher Course on Business English for Professionals and Executives scheduled on Aug. 16 and 17, 2016 at the EDSA Shangri-La Hotel, Mandaluyong City. This back-to-basics intensive course for professionals, senior executives and entrepreneurs will help them refresh their memory and re-sharpen their skills once again to master the world’s language for business. This unique program will feature Prof. Lucris Carina Agnir-Paraan, Ph.D. She finished her doctorate degree, major in English Studies at the University of the Philippines in Diliman where she was awarded the “Outstanding Dissertation” of the College of Arts and Letters. She earned her MA in Language and Literature at the University of the Philippines in Baguio where she graduated with a 1.007 GPA. Her AB in Philosophy was also earned at UP Diliman, and she graduated high school at the International School of Kuala Lumpur where she was the first Asian and first woman editor-in-chief of the school paper. She conducts regular public and in-house English refresher workshops and seminars on business communication and verbal skills. Her program is limited to 40 participants and pre-registration is required. For more details, visit www.cgbp.org to see other best practices seminars including Write Right for Positive Results, Master Class on English Pronunciation and Effective Presentations, Super Memory Program for Executives and Professionals and many more. Contact CGBP at (02) 556-8968 / 69 (Manila); (032) 512-3106 / 07 (Cebu) and (074) 423-5148 (Baguio).
Jordan Clark, left, and Lewis Gutierrez sit in Prospect Park as they talk about their new “Pokemon Go” business in the Brooklyn borough of New York. They are among the new entrepreneurs who offer their services as “trainers” for the game at $20 per hour – logging onto a client’s “Pokemon Go” account and effectively running up their score while a client is stuck at work or sitting in class. AP/Ezra Kaplan NEW YORK — Too busy with your real life to play the hit augmented reality game “Pokemon Go”? For a price, some entrepreneurs will play the game for you. New ads are popping up on Craigslist nearly every day from people who say they will log on to your “Pokemon Go” account and effectively run up your score while you are stuck at work or sitting in class. On a recent July afternoon, two 24-year-old Pokemon “trainers,” Lewis Gutierrez and Jordan Clark, walked through Brooklyn’s Prospect Park with their eyes glued to their phones, tapping and swiping away to catch virtual Pokemon for clients paying about $20 per hour for the service. Gutierrez, who described himself as a welder and writer, said he began by helping relatives with the game after it was released in the U.S. in early July. Then he put a post on Craigslist advertising his services professionally. He said he was immediately inundated with requests from potential customers and had to recruit Clark, a part-time wine purveyor, to help. “I couldn’t even do it Read More …
MANILA, Philippines – High-ranking cabinet officials from Bangladesh recently visited the Philippines to learn about business process outsourcing (BPO) and information and communications technology (ICT) including cybersecurity. Managed by the Asian Institute of Journalism and Communication (AIJC) in collaboration with Management and Training International (MTI) Limited in Bangladesh, the study tour and workshop included visits to private, government, and academic institutions – the ICT Office of the Department of Science and Technology (DOST), the IT and Business Process Association of the Philippines (IBPAP), KLab Cyscorpions Inc., Asia Pacific College, Mapua Institute of Technology (MIT) and NOW Corp. Of grave concern among the Bangladeshi officials is the need for clear strategic directions on cybersecurity initiatives. During his lecture on this topic, Mel Velasco Velarde, CEO of NOW Corp. and AIJC, discussed specific cases of security breaches that happened with big multinational firms such as Facebook, Wall Street Journal, Ubiquity, Barracuda, LinkedIn, Harmony and others including government-induced errors in cybersecurity. Velarde emphasized the need for organizations to meet the “reasonable security” requirement (known as the “20 Critical Security Controls” or CSCs) prescribed by top global private and governmental cybersecurity inter-agencies.
The previous leadership at the Department of Environment and Natural Resources (DENR) came out with a memorandum requiring coal plant developers to secure a clearance from the CCC and the office of Sen. Legarda to have their environmental compliance certificates (ECCs) approved. Philstar.com/File photo MANILA, Philippines – The permit process for coal-fired power plants just got harder as project proponents now need to get additional clearances from the Climate Change Commission (CCC) and the office of Sen. Loren Legarda, who chairs the Senate Committee on Climate Change. The previous leadership at the Department of Environment and Natural Resources (DENR) came out with a memorandum requiring coal plant developers to secure a clearance from the CCC and the office of Sen. Legarda to have their environmental compliance certificates (ECCs) approved. The new requirement was confirmed by some power developers. Quezon Power Philippines Ltd. (QPPL) managing director Frank Thiel said he is aware of the new DENR memorandum on coal-fired power plants but has not yet read it. But definitely, this will add a new layer to securing of 156 permits for coal plant projects, he said. In a text message, Aboitiz Power Corp. president and COO Antonio Moraza said he came across the memorandum, which seemed “like an odd requirement.” Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “It was signed during the previous administration. So will the current administration regularize this?” he said. Meanwhile, GN Power COO Ariel Punzalan said this would be an addition to an already tedious Read More …
BSP indicators point to faster pace than in Q1 MANILA, Philippines – The country’s gross domestic product (GDP) growth likely accelerated in the second quarter of the year, a ranking official of the Bangko Sentral ng Pilipinas (BSP) said yesterday. BSP Deputy Governor Diwa Guinigundo said the GDP grew faster in the second quarter compared to the 6.9 percent expansion registered in the first quarter of the year amid robust consumer spending and higher investments. “It looks like that it can be higher on the basis of the indicators that we’re seeing. All indications would point to a more robust economic growth in the second quarter of 2016,” he said. The country’s GDP grew faster at 6.9 percent in the first quarter of the year from the revised 6.5 percent in the fourth quarter of last year amid accelerated public consumer spending, as well as increased fixed capital outlook on domestic spending. Guinigundo also cited the impact of election-related spending. “It should be higher than 6.9 percent because of the latest readings that we saw,” he added. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Zeno Ronald Abenoja, director of the BSP’s Department of Economic Research, said high-frequency indicators of demand continued to suggest an optimistic outlook on domestic spending. Abenoja said vehicle sales remained brisk while the composite Purchasing Managers’ Index (PMI) stayed above the 50-point expansion threshold. According to Abenoja the PMI stood at 55.3 in April while the volume of production index (VoPI) grew faster at Read More …
MANILA, Philippines – American multinational conglomerate 3M is bullish on its prospects in the Philippines under the new administration and aims to continue pouring in more investments in the areas of manufacturing and research and development (R&D). “We’re very positive as to where the country is headed in the future. It’s just a great time to be in the Philippines. There are a number of reasons why we like the Philippines, (and why we plan) to continue to do business, continue to invest, and continue to expand,” 3M executive vice president for international operations Hak Cheol Shin said at the opening of the 3M Philippines’ Global Service Center (GSC) in Bonifacio Global City yesterday. The country’s growing middle class and its stable economy and government were among the factors Shin cited as driving 3M’s optimism in the Philippines. “The stability of the government has been quite good, and we see even better conditions coming specially with the new president. Stability is important so we can predict what’s going to happen in the next month or next year,” he said. “The other thing we like in the last few years is the amount of investments in infrastructure because infrastructure is critical. Everytime I come here there is actual development from roads, highways, and new cities,” Shin added. Reflecting 3M’s strong confidence in the Philippines is its newly opened GSC in Bonifacio Global City, one of the firm’s only three shared service hubs worldwide. Business ( Article MRec ), pagematch: 1, sectionmatch: Read More …
MANILA, Philippines – Philippine firms sold a record $44 million in specialty food products at a trade show in the US last month, the Department of Trade and Industry said. The country’s delegation to the Winter Fancy Food Show (WFFS) also attracted 540 inquiries regarding their products and businesses from US investors in the West Coast. “Given the warm reception of social enterprises and their specialty food products in the WFFS, Food Philippines looks forward to the continued promotion of specialty food products,” said Rosvi Gaetos, executive director of the Center for International Trade, Expositions and Missions (CITEM). CITEM is the export promotions arm of DTI. Trade Commissioner Nicanor Bautista said the Philippine delegation was composed of 17 home-grown manufacturers that offer products ranging from processed fruits, frozen and canned tuna, ethnic food, condiments, sauces and mixes and snacks. Their buyers, the DTI said, were looking mostly for natural, organic, fair trade, and healthy products which all packaged to international standards. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 As such, the agency said best-selling items included virgin coconut oil, coconut sugar, frozen tuna, banana chips, frozen saba, organic muscovado sugar, upland rice and jasponica rice, and sea salts. Gaetos, for his part, assured local firms that CITEM will continue to explore opportunities for their products and services to be showcased before foreign investors abroad. “We are also considering a participation in the Summer Fancy Food Show to sustain the impression we have made in WFFS,” he said. According Read More …
For House Speaker Feliciano Belmonte Jr., President Aquino’s Executive Order (EO) 198 that merged the two state banks “came as a surprise.” STAR/File photo MANILA, Philippines – Congress leaders have opposing views on the presidential order that jumpstarted the merger of the Land Bank of the Philippines and Development Bank of the Philippines (DBP). For House Speaker Feliciano Belmonte Jr., President Aquino’s Executive Order (EO) 198 that merged the two state banks “came as a surprise.” “I think the merger should not have been done just like that,” Belmonte said. “We’ve been talking about this merger for quite sometime so this EO came as a surprise to us,” he added. The chamber, he said, would look at the legal basis of the merger, which will result into Landbank becoming the country’s second biggest lender in asset terms. The Speaker also said Finance Secretary Cesar Purisima should explain why he pushed for the merger through an executive action instead of passing a law through Congress. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 But Senate President Franklin Drilon disagreed. “These are two entities which are created by law, but which the President was able to merge. Why? Because of the law that I authored, the GOCC Reform Act,” Drilon said separately. Purisima is ex-officio member of the Governance Commission on Government-owned and -Controlled Corporations (GOCCs) created under Republic Act 10149. The law, Drilon said, delegated to the President the power to merge, close or re-organize GOCCs such as Landbank and Read More …
Manila North Tollways Corp. (MNTC) is set to undertake the widening project to address the increase in the volume of vehicles using the 93-kilometer tollway connecting Metro Manila to central and northern Luzon. STAR/File photo MANILA, Philippines – A unit of Metro Pacific Investments Corp. (MPIC) is set to begin work for the P2.6-billion North Luzon Expressway (NLEX) road widening project this month. Manila North Tollways Corp. (MNTC) is set to undertake the widening project to address the increase in the volume of vehicles using the 93-kilometer tollway connecting Metro Manila to central and northern Luzon. “Traffic volume increases every year, so we need to build additional lanes in certain portions of the expressway in order to maintain the high quality service we provide motorists,” MNTC president and chief executive officer Rodrigo Franco said in a statement. MNTC is a subsidiary of Metro Pacific Tollways Corp., the toll road arm of MPIC. Data from MNTC showed vehicle entries in NLEX rose nine percent to more than 218,000 last year from almost 200,000 in 2014. The road widening project is aimed at expanding the existing two-lane portion of NLEX between Sta. Rita and San Fernando to three lanes on both the northbound and southbound sides, while the current one-lane stretch between Dau and Sta. Ines will be expanded to two lanes on both sides. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “These are where queues of vehicles usually form especially during holidays when many motorists from Metro Manila leave Read More …
Budget officials could not be immediately reached for comment, but the Aquino administration has traditionally frontloaded bulk of the outlay to fast track projects and programs. STAR/File photo MANILA, Philippines – More than half of this year’s national budget were already released in the first month of 2016, the Department of Budget and Management (DBM) said. According to its website, 64.2 percent or P1.928 trillion of the P3.002 trillion outlay are already in the hands of agencies, departments and local government units. Budget officials could not be immediately reached for comment, but the Aquino administration has traditionally frontloaded bulk of the outlay to fast track projects and programs. “That’s good news and in line with our expectations that growth will be higher in the first half,” said Alvin Ang, economist at Ateneo de Manila University, in a text message. The local economy grew 5.8 percent last year, marking a second year of slowdown and missing the seven to eight percent target. Much of the slowdown has been blamed to lackluster government spending, which Budget Secretary Florencio Abad had said will be faster this year. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Once released, agencies would still have to pass documentary requirements for specific projects to be granted a notice of cash allocation (NCA) that is used to get checks from the Bureau of the Treasury. Edmund Tayao, political analyst at University of Santo Tomas said the bulk release early in the year may be bad for the next administration that takes over in July. “For the first six Read More …