Jul 022014
 
Shell study cites 6 archetypes of energy use among cities

MANILA, Philippines – Power, energy and gas technology leader Shell, together with global consultants Booz & Co., studied more than 500 urban centers across the globe and gathered data on how cities have been utilizing energy. The results pointed to six illustrative archetypes indicating where energy use is most concentrated and where future urbanization is set to take place. The findings, published in a report titled New Lenses on Future Cities, show energy use currently concentrated in two of the six city archetypes: sprawling metropolises like Rio de Janeiro and Tokyo, and prosperous communities such as Dubai and Stockholm. These cities have relatively low-density and high per capita GDP, and are typically found in the United States and Europe. Urban powerhouses, the third archetype characterized by high population densities and high individual incomes, are also heavy energy users. However, their share of global consumption is modest by comparison as only a few cities belong in this archetype, such as Hong Kong, Singapore, and New York. Developing mega-hubs like Hyderabad and Chongqing, and underprivileged crowded cities such as Manila and Bangalore are relatively light energy users at present. But while these cities have low individual incomes and medium to high populations, most of them will join the next wave of urbanization as they become more prosperous. Their growing energy demand will shape global levels of energy use, making their development choices critical. Underdeveloped urban centers, the most common archetype, are low energy users — accounting for only 11 percent of total Read More …

Jul 022014
 
BSP processing consolidation of 15 small banks

MANILA, Philippines – Fifteen small banks are set to merge and consolidate as of end-June this year. Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. said these applications were approved by the Philippine Deposit Insurance Corp. and are currently being processed by the central bank. These deals were made under the BSP and PDIC’s Strengthening Program for Rural Banks Plus, to encourage mergers and acquisitions among rural and thrift banks, and also to weed out problematic banks. The program dangles incentives to investors for them to rescue ailing banks to minimize bank closures and by its name, strengthen the small lenders in the industry.  “In addition, there are five other applications for consolidation and acquisition in the pipeline,” Tetangco said. The SPRB Plus, which will be in place until the end of the year, provides white knights or strategic third party investors financial assistance, regulatory reliefs, and branching and other incentives once they rescue problematic banks. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Last year, 18 banks were ordered closed and placed under the receivership of the PDIC. Central bank data showed the number of head offices last year slid to 673, although bank branches continued to expand to 9,262. This was a result of continued consolidations and the exit of weaker lenders, the BSP said. “The Philippine rural banking sector continues to grow and expand… even as natural calamities devastated wide areas in the Visayas (late last year),” Tetangco said. The rural banking sector has increased Read More …

Jul 022014
 
ALI plans malls in LRT stations

MANILA, Philippines – Property giant Ayala Land Inc. (ALI) stands to benefit from a P65-billion mass transit infrastructure project that will be awarded to conglomerates Metro Pacific Investments Corp. (MPIC) and Ayala Corp. (AC). The real estate arm of the Ayala conglomerate will introduce a retail concept in railway stations while additional Public-Private Partnership (PPP) projects will improve access to its properties, an official leading AC’s infrastructure businesses said. “ALI is our retail partner, the leasing partner,” Noel Eli B. Kintanar, executive vice-president of AC Infrastructure, said in a briefing. The assets up for redevelopment into commercial areas are part of the concession agreement for the P65-billion Light Rail Transit Line 1 (LRT1) Cavite extension project, Kintanar said. Specifically, there are plans to put up shopping centers or district mall concepts in LRT-1 stations, he said. Early last month, the Light Rail Manila Consortium formed by MPIC and AC offered to pay a P9.35-billion premium for the PPP mass transit project. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The LRT-1 Cavite extension project would increase the span of Line 1 to 32.4 kilometers from 20.7 km with a new south endpoint in Niog, Bacoor, Cavite. Approximately 10.5 km of the Cavite extension system would be elevated while 1.2 km would be at grade level. The government, which will award the 32-year concession to the consortium this month, has set aside P30 billion to acquire up to 39 new light rail vehicles. Kintanar said a retail concept could be Read More …

Jul 012014
 
Hair Talk

Staying outdoors exposes our bodies to the harmful elements, and the same holds true even within the protective shell of a vehicle. Vulnerable parts of our physique such as our skin, hair, and eyes may remain exposed to harsh sunlight, wind, and pollution; and although we may not immediately feel its ill effects, these stresses pose cumulative damage to our bodies over time. Having said that, I would like to touch a subject that is seldom discussed when it comes to driving and commuting—hair damage. As vain as it may sound, it is a reality that for many people, further hair quality deterioration results as collateral damage from the daily commute. Of course some situations are more damaging than others—such as, say, driving your car with the top down; being part of the top-load of a jeepney (a regular occurrence in the provinces); hanging out at the upper level of an open-top tourist bus; or even just driving with only a glass moonroof over your head. But simple daily bad habits are already enough to pose collective damage to your hair…and so I decided to go get us some expert hair advice from a long-time top stylist and friend, Chastine Fitcher Isidro. Chastine has had a lengthy and remarkable career in hairstyling—he has gathered acclaim and highly specialized knowledge with regards to hair after pursuing studies in the United Kingdom. He studied in institutions such as the Toni&Guy Academy (UK), the Alan D Education Academy, and the Mahogany Hair Dressing Read More …

Jun 292014
 
Lawmaker eyes hike on call center workers' pay

MANILA, Philippines – A Mindanao-based legislator has filed a  bill which seeks to increase the graveyard shift pay of Business Process Outsourcing (BPO) employees from 10 percent to 25 percent of their basic salary. Maguindanao Rep. Zajid Mangudadatu said House Bill 4414 seeks to ensure that BPO employees are properly compensated for the risks they are exposed to in working from 10 p.m. to 6 a.m. “BPO employees are often exposed to stress because they take calls of agitated or angry customers.  They likewise make calls to customers of their companies for purposes of addressing concerns, making sales or other matters that require a lot of activity, resulting in undue stress.  “In addition, most BPOs operate during the night and this adds to the employees’ exposure to health hazard,” Mangudadatu said. He said that he is optimistic BPO owners and operators can afford the additional graveyard shift pay for their employees. “It should be highlighted that BPOs are owned and operated by foreigners and are in Philippine Economic Zone Authority-accredited locations.  This proposed increase is just a small price to pay for owners and operators of BPOs, some of whom enjoy tax benefits for being located in PEZA-accredited locations,” Mangudadatu said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 He noted that the existing applicable provision in the Labor Code of the Philippines only mandates an additional pay of 10 percent for work done from 10 p.m. to 6 a.m. His bill, however, proposes that all BPO employees shall Read More …