In the middle of leisure time, or of an office meeting, a call is insisting to be picked up. To be sure, you interrupt yourself and answer the call. A telemarketer is on the other line. This common disturbance happens to almost anyone. How did they get your mobile number? The bigger question is: “Does this violate your right to privacy?” The right to privacy is the favorite defense invoked in Senate inquiries. We have seen it used in the impeachment proceedings, and recently in the legislative investigation of the Makati City government. The “right to privacy” is not in the Bill of Rights of the Constitution. It is more of a derivative right from “unreasonable searches and seizures”. So if you can invoke your right against unreasonable search for evidence or information in your own house, you can also invoke it when someone is compelling you to produce the evidence or information – if that is a private matter. Our Civil Code also recognizes the right to privacy, and even the right to “peace of mind”. Section 26 of the Civil Code mandates that “every person shall respect the dignity, personality, privacy and peace of mind of his neighbors and other persons.” Then came the relatively recent Data Privacy Act of 2012, which criminalizes unauthorized access and use of personal data of individuals. Does this law improve the protection of privacy? A good analogous case involving a Hollywood actress comes to mind. She brought a suit in relation to Read More …
SUBIC BAY FREEPORT, Philippines – United States-based Filipino entrepreneurs belonging to the Federation of Philippine-American Chambers of Commerce (FPACC) are planning to put up businesses in this Freeport. According to FPACC delegation of 65 members came over here for the Luzon leg of the US Trade and Investment Mission to the Philippines and they have met with officials of the Subic Bay Metropolitan Authority (SBMA), local industry leaders, and heads of local government units (LGUs). The mission, which visited the country Oct. 17 to 24, was organized by the Central Luzon Growth Corridor Foundation, Inc. to help promote Central Luzon as an ideal investment destination. Gus Mercado, head of mission and executive director of FPACC, said they aim to bridge and facilitate business and cultural ties between the two nations through the Philippine-American chamber network. Mercado said the delegates represent various endeavors and businesses, but all are entrepreneurs in their own right and represent the creme dela creme of the Filipino community in the United States. He said the delegates have expressed interest in real estate, eco-tourism, manufacturing, light-industrial machinery, and retirement facility. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “The majority of us here were born in the Philippines, and we have what they call pusong Pinoy,” Mercado said. “Our non-Filipino members of the delegation will understand why although we have been away for so long, we still have “pusong Pinoy”. Deep in our hearts, we are still Filipinos,” Mercado added. He also noted that despite its Read More …
MANILA, Philippines – Ayala-led Manila Water Co. Inc. is spending P51 million to improve water service in Filinvest East Homes in Cainta, Rizal. The East Zone water concessionaire said it recently signed a memorandum of agreement with Fil East Homeowners Association in Cainta, Rizal for the implementation of the pipelaying project that will benefit around 1, 101 households. “This project is part of our commitment to give individual connections to Filinvest Land that will benefit 1,101 households,” Manila Water East Zone Business Operations Group director Ferdinand Dela Cruz said. The pipelaying project along Marcos Highway will start in January 2015 and will be completed in October the same year. Manila Water services the Metro Manila east zone concession area that covers parts of Quezon City and Makati, the southeastern parts of Manila, Taguig, Pateros, Marikina, Pasig, San Juan, Mandaluyong, and Rizal province. In Vietnam, it operates Thu Duc Water and Kenh Dong Water. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The company also continues to pursue expansion opportunities in Myanmar and Indonesia. The company is actively scouting for areas outside Metro Manila where it can gain water supply rights, such as locales with a population of half a million, an economically viable population for providing bulk water service. Manila Water is also amenable to taking on non-revenue water reduction projects in provinces that already have water service providers. Subsidiaries Boracay Water and Laguna Water also continue to expand service coverage in water and wastewater services.
MANILA, Philippines – The Board of Investments (BOI) is bent on solving the four million housing backlog of the country as it recently granted a three-year income tax holiday (ITH) to a major real estate developer, RCD Land Inc. BoI has been offering the tax break as the national government required it to solve the backlog as soon as possible. According to data from the National Housing Authority, majority of the lack of houses are in the national capital region, Regions 3, 4 and 7 and Cordillera Administrative Region. RCD Land, Inc., a firm with solid background in building affordable and quality socialized housing since 1997, is the most recent real estate developer that has afforded the three-year tax incentive in its 183-housing unit project in Silang, Cavite. Rolando Delantar, RCD Land, Inc. president and chief executive officer, said the tax incentive helped his company realized some savings. Delantar added that the savings he incurred will help him bankroll more projects his firm is constructing. The firm aims to get similar incentive so that the continuation of the Silang project, located in a two-hectare lot and composed of 175 units mostly socialized housing, will be completed in the scheduled timetable of three years. The real estate firm is on full blast housing project buildup as it also has projects in San Jose Del Monte, Bulacan; Tui, Batangas; Tanay, Rizal; and Infanta, Quezon. Since starting its business, RCD Land, Inc. has already completed more than 3,000 quality and affordable housing units. Read More …
MANILA, Philippines – Cosco Capital Inc., the investment vehicle of retail magnate Lucio Co., has acquired a new land for its planned chain of community malls in the country. In a disclosure to the local bourse, Cosco Capital said its subsidiary Ellimac Prime Holdings Inc. has purchased 3,192-square meter lot in Biñan, Laguna. The newly acquired location will serve as one of the sites for Cosco Capital’s planned chain of com- munity malls over the near term. “Cosco Capital intends to use the said premises for the establishment and development of a community mall at the center of Binan, Laguna,” the listed firm said. The firm on Tuesday reported that it secured through a lease agreement a 7,168-square meter land along Liwasang Kalayaan in Marikina Heights. The land will also serve as a site for a community mall. Cosco Capital is into supermarkets (Puregold Price Club Inc.), liquor importation (Premier Wine & Spirits Inc.), commercial real estate and oil storage and oil exploration activities. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The firm earlier this year acquired the 35,000-square meter NE Pacific, the largest commercial mall in Nueva Ecija. In August, it bought out liquefied petroleum gas (LPG) supplier Liquigaz at a cost of about $80 million. The company’s earnings grew slightly in the first half of the year to P1.5 billion from P1.49 billion the previous year. Aside from being the operator of the country’s sec-ond largest grocery chain, Cosco Capital also claims to be the country’s Read More …
MANILA, Philippines – Australia’s Energy World Corp. (EWC) is aiming to have its 400 megawatt gas-fired power plant ready by the summer of 2015 to help ease a looming power shortage. EWC executive director Brian Allen said the first 200-MW gas turbine and generator have arrived at the plant site in Pagbilao, Quezon, with the second 200-MW turbine and generator expected to arrive within three weeks. “Under the accelerated program, we hope to have the first 200 MW unit ready for generating power into the Luzon grid by early 2015 and the second 200 MW unit to come on line shortly thereafter,” Allen said. He said by achieving this program, EWC would meet the Department of Energy’s request to bring into commercial operation an additional 400 MW of power capacity to the Luzon grid by the summer of 2015, thus addressing the foreseen shortfall in Luzon’s power generation capacity. While the company did not provide a definite date for the commissioning of the respective 200 MW units, Allen said they are working diligently to meet the request of the DOE to have the units ready for commercial operation as soon as it can. Additional development would come thereafter. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “Our planning is for the additional 250 MW steam turbine package to be phased into this development by yearend 2015 or early 2016,” Allen said. Based on timetables released by the DOE in February last year, EWC’s first unit was supposed to be Read More …
MANILA, Philippines – Discovery Primea, Discovery Leisure Group’s luxury business hotel in Ayala Avenue recently signed a partnership with the prestigious Preferred Hotel Group (PHG) as a member of their Summit Hotels & Resorts brand. Preferred Hotel Group is a global collection of more than 650 independent hotels and resorts in over 85 countries, comprising destination resorts, city center hotels, luxury residences, and unique hotel groups. The company provides independent hotel owners and operators a competitive advantage, with services including strategic group, corporate, and leisure sales, integrated marketing solutions, comprehensive revenue management, global connectivity through reservations services, progressive distribution technology, and individualized guest support. All guests of Discovery Primea are eligible to enrol in iPrefer, the world’s first guest loyalty program for independent hotels, which extends points redeemable for cash-value Reward Certificates, elite status, and special benefits such as complimentary Internet to members upon every stay at more than 500 participating Preferred Hotel Group locations worldwide. As Jun C. Parreno, Chief Operating Officer, The Discovery Leisure Company Inc. (TDLCI) enthuses, “Discovery Primea’s decision to partner with the Preferred Hotel Group is proving to be a most prudent business choice as it leverages our hotel, providing worldwide exposure to go head on head with hotel brands and properties elsewhere in the world, offering unequalled booking convenience, perks and prestige.” Discovery Primea is a 68-story building in Ayala and is home to 141 rooms and suites, together with 90 luxury serviced apartments. It prides itself in providing relevant luxuries to business and Read More …
INSURANCE provider AXA Philippines is expanding its operations in the Visayas by opening two new branch offices in Cebu. The firm unveiled yesterday its two additional branches located in the Cebu Business Park and Crown Regency Tower 3. With this addition, the firm now has three offices, including its regional office along Escario St. in Cebu City. “Cebu has always been an important base of AXA Philippines,” said Rein Hermans, president and chief executive officer of AXA Philippines, citing Cebu’s robust business developments and growing population. Last year’s calamities—the earthquake that hit Bohol and Cebu in October, plus typhoon Yolanda less than a month later—also opened people’s eyes to the importance of insurance, company officials said. Hermans added that the continued growth of their business nationwide is also reflected in the growth of their business in Cebu and the entire Visayas. “We are growing along with the domestic growth story very well,” said Hermans in a media roundtable discussion yesterday. According to BJ Legaspi, AXA Philippines sales director for Visayas-Mindanao, the firm’s growth in the Visayas in the past three years has been steady and consistent. In 2013, its total sales agency went up by 68 percent to P175 million compared to its output in 2011 of P104 million. Cebu sales stood at P135 million, accounting for nearly 80 percent of the Visayas regions’ business. Legaspi said that the company expects a banner year for Cebu this year as it has already produced P122 million in sales as of the Read More …
THE country’s leading airline, Cebu Pacific Air, is the official airline partner of the ongoing 2nd BIMP-Eaga and IMT-GT Trade Fair and Business Leaders’ Conference in Davao City. “CEB is proud to be the airline partner of this event, as the region comes together to discuss important developmental issues. We remain invested in boosting tourism and trade in all the destinations we fly to, and continue to work with government and private partners for a competitive region,” said Candice Iyog, CEB vice president for marketing and distribution. BIMP-Eaga stands for Brunei Darussalam Indonesia Malaysia the Philippines East Asean Growth Area, while the IMT-GT stands for Indonesia Malaysia Thailand Growth Triangle. “While both growth triangles have their respective road maps, this convergence will enhance our competitiveness by turning the sub-region into a single investment area and production network, thereby accelerating economic growth in Southeast Asia,” said Luwalhati Antonino, chair of the Mindanao Development Authority (Minda), the Philippine coordinating office for BIMP-Eaga. Also on the agenda are Climate Change Adaptation and the alignment of the four pillars of BIMP-Eaga, namely, connectivity, food basket, tourism, and environment. Investment programs within the Mindanao Development Corridors, the island-region’s spatial development framework, were also presented. The trade fair, which was dovetailed by the Business Leaders’ Conference, showcased the finest and unique products of participating countries as well as current developments in the services sector, technology innovations, and investment opportunities. Business-matching sessions were conducted simultaneously with the trade fair and the business conference. IMT-GT was formed in Read More …
THE SENATE has approved on first reading a consolidated bill that would raise the tax exemption limit on workers’ bonuses on Wednesday, a day after it agreed with the House of Representatives to make it a priority measure.