Jul 232016
 
Jollibee plans more US stores

MANILA, Philippines – Homegrown Jollibee Foods Corp. (JFC), now the largest food company in Asia, will continue to expand outside the region with plans to establish stores in Chicago in the US,  its top official said. “We are going to Chicago in July. We are also in Canada,” JFC chairman Tony Tan Caktiong said in a briefing following the company’s annual stockholders meeting yesterday. The goal is to put up 200 new stores in the Philippines this year and around 80 to 100 stores abroad. The company has more than doubled its capital expenditures for the year to P10.4 billion to further expand its network. “We plan to build 200 new stores (in the Philippines) in 2016,” said JFC chief executive officer Ernesto Tanmantiong. To support the fast growing business, the company also plans to build three new commissary facilities and expand its existing commissary in Canlubang, Laguna. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Of the P10.4 billion capex, P7.5 billion will be for stores, of which P5 billion will be used for new stores while the remaining P2.5 billion will be used for new commissaries. Tanmantiong said 70 percent of the planned new stores will rise in Visayas and Mindanao. For its international expansion, the company is on the lookout for acquisition opportunities in China and the US. Tan Caktiong said they are interested in brands that have a potential to grow.“  In China, JFC is targeting to add around 20 to 40 stores this year Read More …

Jul 232016
 
Refresher course on business English

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).

Jul 222016
 
Too busy for Pokemon? These entrepreneurs will play for you

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 …

Jul 222016
 
Bangladesh officials study cybersecurity in Philippines

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.

Jul 222016
 
3M expands Philippine operations

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 …

Jul 222016
 
GDP growth likely exceeded 7% in Q2

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 …

Jul 222016
 
New layer added in securing coal power plant permit

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 …