The 2014 Inspiring Young Cebuano Entrepreneur Awardees. For the past few weeks, the Go Negosyo team has been researching and evaluating several nominations to select the young breed of inspiring and innovative Cebuano entrepreneurs. This is being done to create the new role models for the youth and they will be recognized when we mount the Creativity and Innovation Summit tomorrow at the J Center Convention Halls in Cebu. This particular batch of young entrepreneurs was selected as they have shown passion, integrated exceptional innovation and applied creativity with their products and services. Aside from that, they have made an impact to the development of their communities. They will be awarded in a private dinner tonight in Cebu when we do a dinner forum which will be attended by almost 300 Cebuano entrepreneurs. They will also be recognized and honored in the summit tomorrow and most of them will also join the panel in the different forums. Let me share their stories: First is Gabino Abejo Jr. who is the president and CEO of Abejo Waters Corp. (AWC). At a very young age, he directed the AWC to be one of the biggest bulk water suppliers in Metropolitan Cebu. His efforts were also recognized as he was awarded as the Young Entrepreneur of the Year 2010 by Ernst & Young Philippines. Abejo Waters has also given multiple areas of Cebu a water distribution system. At 29, Lorenz Florendo introduced a new variety to the popular lechon Cebu. He opened Tatang’s Extra Crispy Boneless Lechon in Read More …
Photo shows Susana Pascual-Guerrero (2nd from right), president and founder of The Cravings Group, accepting the award with Judith Imperial, HR director of The Cravings Group. With them are: Hans Sicat (right), CEO of the Philippine Stock Exchange, and Bonar Laureto, executive director, Philippine Business for the Environment. MANILA, Philippines – The Cravings Group (TCG) has once again been recognized by the international community as it was recently awarded with the “Best Practice in Leadership for Corporate Social Responsibility (CSR) in the Community” by the Sustainable Business Awards (SBA). The awards aim to increase awareness on sustainable business best practices and demonstrate how sustainable business benefits companies, the environment and all stakeholders, today and the future. “We are very honored with this citation as we are the only candidate from the hotel and restaurant industry among top companies and businesses in the Philippines,”said Susana P. Guerrero, president and founder of The Cravings Group. “TCG’s many initiatives in sustainability earned us this global SBA in CSR. The goal of sustainability is simply maximizing and properly using, and maintaining life’s resources to remain viable for future generations. It is simple enough to understand that if one puts back what he takes from the environment, then it is replenished and is again available for use. Sustainability is more than just being green or eco-friendly. It is about ethical treatment of people and respect for God-given life resources.” TCG is the only restaurant /culinary school/ hotel to have been certified under the ISO14001:2004 standard Read More …
One of the problems spawned by a growing metropolis, and further spurred by sustained economic growth, is parking. This may sound trivial but when you have more cars on the road, the next most irksome problem after traffic is trying to get a parking space. When you have to add 15 minutes or more of your commute time to finding a parking space for your car for a few hours, you’d likely end up late for your appointment or stressed out after grappling with all the delaying uncertainties. Availability of a parking space is not only the issue. If you park your car out on the streets, there’s always the risk of security. Or vandalism. Car-napping may be considered under control nowadays, but petty theft is not so. How many have been victimized by thieves or vandals who’d settle for your side mirrors or hubcaps just so to earn a few bucks or kicks? The more daring would go for your car stereo or anything valuable that you may have left inside the car after, of course, messing up big time with your door lock. Killer rates After space and security concerns is the problem regarding the high cost of parking. A yuppie will realize that a sizeable percentage of his income would be spent on parking fees if there is no company-assigned parking area or parking subsidy (separate from fuel allowance). Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Parking buildings, either stand-alone or adjunct to malls, and Read More …

MANILA, Philippines – Michelin has always believed that the best test bed for its tires is motorsports. For more than a century, Michelin has been committed to bring exceptional performance through tires in every racing principle it participates in from Formula One to the 24 Hours of Le Mans to the World Rally Championship. Through the spirit of competition, the French tire brand has developed ‘Michelin Total Performance’, a philosophy that combines seemingly conflicting virtues into one cohesive ideology that dictates each and every tire that they produce. Through its research and development, including grueling tests on the world’s most demanding race tracks, Michelin has managed to combine exceptional grip without compromises to longevity and fuel economy. This ‘track to street’ approach is very much evident at the Michelin Pilot Sport Experience, a one-of-a-kind experience where regular people (like motoring journalists) get to experience the adrenaline rush of piloting some of the most competitive racing cars in the world all wearing various ultra-high performance tires from Michelin. Now on its ninth year, the 2014 edition of the Michelin Pilot Sport Experience sees more than 500 customers, journalists, and social media commentators from 16 countries at the legendary Sepang International F1 Circuit in Malaysia. Under the careful watch of professional instructors and renowned race car drivers, everyone got to try various racing disciplines in one unforgettable afternoon. This year, the line-up of cars included: a Citroen C2 rally car, a race-prepped Toyota 86, a Renault Clio Cup Car, and finally, a Read More …

It’s very obvious that no matter how they couch the ongoing Senate hearing, the political heat is obviously on with the family of Vice President Jejomar Binay as the main target. Nobody believes otherwise. Makati City Congresswoman Abigail Binay accused Senator Alan Peter Cayetano of “bullying” the vice president’s family to “generate loads of free publicity for himself.” That’s the only reason why Cayetano has been going after the Binays, Abigail said, claiming that the senator will not be able to get as much media mileage if he set his sight on a non-entity. Alan Peter has reportedly been telling his people he wants to quadruple his voter support (he obtained a little over 17.5 million votes in the 2013 elections). If one can remember, the Binays and the Cayetanos also had a turf war last year over certain barangays within Bonifacio Global City, with both Makati and Taguig claiming jurisdiction. Big businessmen are behind Alan Peter and it’s no secret that their candidate is eyeing the 2016 presidential elections. His initial objective is to project himself as a viable alternative to DILG Secretary Mar Roxas of the Liberal Party. Our sources tell us that Cayetano has put together a team as early as March to monitor surveys, create political ads and other strategies to make sure that his name continues to be “top of mind” as a presidentiable. Aside from Cayetano, Sonny Trillanes has also been positioning himself not necessarily as the standard bearer but as a vice presidentiable. Read More …
MANILA, Philippines – Dominant carrier Philippine Long Distance Telephone Co. (PLDT) has breached the one-million mark in broadband subscribers as of end-June, its top executive said. PLDT president and CEO Napoleon Nazareno said the continued expansion could be traced to the company’s integrated approach through which various fixed line and wireless services are deployed providing a range of high-quality voice, data and multimedia services to customers. “In this highly competitive business, it is heartening to know that majority of the broadband market appreciate our products and services,” Nazareno said. The biggest contributors to wired revenues were PLDT Home Fibr and PLDT Home DSL with a combined 20 percent revenue increase. PLDT Home added nearly 100,000 new wired broadband subscribers, posting double-digit growth in the first six months compared to the same period last year. “Our growing broadband subscriber base will continue to increase as we move rapidly to the digital age where people are connected 24/7. We are enriching our communications services with a growing portfolio of digital multimedia content and life solutions that address our customers various needs,” Nazareno added. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Gary Dujali, PLDT vice president and head of Home Marketing, said PLDT Home DSL and PLDT Home Fibr serve as a foundation for value-added services such as pay TV, video on demand and live streaming. “Compelling content plays an important part in the growth equation. PLDT enables customers to experience the most engaging and compelling content in their favorite music, movies, Read More …
We received quite a number of letters from readers commenting on the topic of the last column. So while the iron is still hot, let’s strike with a few of them. Read on. This one is from Rene Moral. He wrote: “Before any of your suggestions are adopted and implemented, what can be done is to identify intersections that contribute to traffic gridlock because undisciplined drivers block rather than keep these open. “There are even ignorant MMDA (Metro Manila Development Authority)traffic enforcers who allow vehicles to block intersections. Boni Serrano corner Katipunan Road is a classic example. “The vital intersections should be manned by properly trained traffic cops from 6 a.m. to 10 p.m.: the first shift responsible for managing traffic from 6 a.m. to 2 p.m.; and the second shift, from 2 p.m. to 10 p.m. “The names of the traffic officers on duty must be conspicuously posted where motorists can easily see these so complaints can easily be lodged against them should they abandon their posts or if they “misbehave” (extort from drivers). Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “It would be best if CCTV cameras connected to the MMDA headquarters are installed which are focused on how the traffic officers on duty are managing traffic conditions at any given time so MMDA officials will know who is doing his job properly and who is not. “We see a lot of MMDA traffic officers standing by the side of the road waving at motorists. Instead Read More …
MANILA, Philippines – Cebu Pacific Air becomes the first airline in Southeast Asia to deploy special roaming airport agents, who can check in passengers using a tablet while they are still queuing up. CEB launched Agent Xpress service at Kalibo Airport last Aug. 25, 2014, just in time for the influx of tourists returning from a long weekend in Boracay. Kalibo is a gateway to the world-renowned island. Kalibo Airport was prioritized for CEB’s innovative service, due to the high volume of passengers and limited counter space. “Agent Xpress can make the check-in process faster and more convenient for our guests, given space limitations in certain airports. We are studying the launch of Agent Xpress in other airports as well,” said CEB VP for marketing and distribution Candice Iyog. The Agent Xpress service can check in guests with confirmed flight itineraries, from four hours to 45 minutes before the flight departure. Roaming agents approach guests queuing up for a security screening or at the check-in counter, verify their booking confirmation numbers or name and flight details, and print their boarding passes. Those with no bags for check-in can immediately proceed to the boarding gate. Those with bags for check-in should proceed to the bag drop counters. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Passengers can check in individually or as a group for one-way or travel thru flights, which connect to an onward destination. Since agents are already operating the tablet, they can verify travel documents on the Read More …
A cornerstone of a sound taxation system is that the tax regulation must be administratively feasible. In as much as generating sufficient revenue for the government becomes a chief consideration, tax legislations should be equally reverent to the importance of softening the blow of said imposition to the taxpayer. Essential to tax collection efforts is the preservation and availability of the taxpayers’ books of accounts and other accounting records for the purpose of tax audits. To this end, it can be remembered that the Bureau of Internal Revenue (BIR) made a declaration in Revenue Regulations (RR) No. 17-2013 that it is in the best interest of both the government and the taxpayers that said records are retained for a longer period of 10 years. Perhaps in an effort to alleviate taxpayer efforts in preserving their books of accounts, the BIR has issued on 30 July 2014, RR No 5-2014, where the BIR has allowed the retention of electronic images as an alternative to keeping hard copies of the accounting records of the taxpayers. Under this RR, during the 10 years required by RR 17-2013 for the retention of records, the taxpayers shall within the first five years thereof, retain hard copies of the books of accounts, including subsidiary books and other accounting records. Thereafter, the taxpayer appears to have the option of retaining only the electronic image copies of the hard copies of the said records. In ensuring the integrity and security of these electronic images, the BIR has instructed Read More …
RURAL Impact Outsourcing is being pushed in a bid to provide rural areas the opportunity to be actively involved in the information communication technology (ICT) and business process outsourcing (BPO) industry. Lizabel G. Holganza, president of National ICT Confederation of the Philippines (NICP), told reporters they are looking for various measures to engage rural communities participate in the ICT sector, and one of these ways is through rural impact outsourcing, where some sectors of the community. such as the out-of-school youths or the women or those who did not finish proper schooling — can be taught simple but internet=driven ICT work like image tagging. She said this can be an effective strategy for areas that are prone to conflicts. “When people are engage in productive work, they will not think of conflicts,” Holganza said. She said rural impact outsourcing has the capability to bring changes in the community through generation of jobs and economic growth. She said through the jobs generated by the rural impact outsourcing, it will lead an individual to live a much productive life and giving them no reason tp move out of their community. For Mindanao, they are planning to implement this strategy in the Autonomous Region in Muslim Mindanao (ARMM). But she was quick to add that before implementing such strategy, there is still the need to look into the community’s readiness. “Because, sometimes, even if they are the ones we help, if the mindset of the people in that area is not ready to Read More …