DAVAO CITY — The local government will be setting up agricultural centers in the Paquibato and Marilog districts, remote and upland areas that can be developed for the production of cash crops such as semi-temperate vegetables.
Feb 062014
Feb 062014
PROPERTY developer Rockwell Land has finally entered Cebu with their 32 Sanson residential project as its introductory development outside Metro Manila. The P2-billion project will sit on a 3.2-hectare property in Lahug, where a furniture factory owned by the Aboitiz family used to operate. Rockwell bought the land in 2012, said 32 Sanson general manager Paolo Ernesto V. Reyes. Rockwell president and chief executive officer Nestor J. Padilla told Sun.Star Cebu in a separate interview that the company has chosen to build in Lahug because of its proximity to vital business districts and prominent schools, “while at the same time remaining tranquil and private.” The 32 Sanson project will introduce Rockwell’s low-rise development, which Reyes said has been matched to its surroundings, encircled with greenery. Reyes said there will be five structures of five floors each; all are set to be completed in 2016. Natural “Rockwell’s expansion outside of Manila was a natural step following our expansion throughout Metro Manila. After the positive reception Rockwell received in Ortigas, Quezon City, and San Juan, we were truly eager to venture out regionally,” said Padilla. Rockwell has already completed eight residential projects since it started in the 1990s. Currently, it has six ongoing residential developments. The developer has also ventured into commercial developments, with two already completed and one ongoing project, still concentrated in Metro Manila. “The vibrant city of Cebu has always been attractive to Rockwell. Its booming economy, relaxed lifestyle and lively personality was something Rockwell sought to participate in,” Read More …
Feb 042014
THE HOUSE of Representatives approved on third and final reading two bills declaring Catanduanes province and Cagayan de Oro City mining-free zones, late Monday.
Feb 032014
THE GOVERNMENT will no longer entertain complaints from losing bidders for its automatic ticketing project, with a transport official saying that only a court order can stop the contract’s awarding process.
Feb 032014
CAGAYAN DE ORO — The target deadline to have lights and air navigation equipment fully installed and operational at the Laguindingan International Airport has been moved from June to November.
Feb 032014
CONSIDERING taxpayers’ never-ending obligation to pay taxes, it behooves them to keep pace with the different regulations issued by the Office of the Commissioner of Internal Revenue, and more essentially, to properly understand and fully recognize the correct interpretation of these regulations.
Feb 032014
MANILA, Philippines – Nido Petroleum an Australia-listed oil and gas company, is banking on favorable prospects for its projects this year, including an exploration venture in the Philippines. In its 2014 outlook published yesterday, Nido managing director Phil Byrne said the company is looking forward to positive results for its projects in Indonesia and the Philippines. “We are very excited about 2014. We have underlying production from the Galoc field produce of about over $50-million net free cash flow which will underpin our work program through 2014,” he said. He said the focus is four well drillings, which will form Nido’s cornerstone of activities for 2014. “We got three wells in Indonesia and one well in Philippines,” he said, referring to Service Contract 63 in Northwest Palawan. He said Nido hopes to start the drilling program for the four wells within this month. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 For SC 63, Nido has signed a farm-in agreement with Dragon Oil, a United Arab Emirates (UAE)-based company. Under the agreement signed last month, Dragon Oil will acquire a 40-percent participating interest in SC 63 from Nido’s current 50-percent participating interest in the service contract. To earn its 40-percent interest from Nido, Dragon Oil will pay on behalf of Nido, 56 percent of the cost of the Baragatan-1 exploration well based on a $25- million cost cap. For the second stage of the farm-out agreement, Nido will seek to secure an additional 10-percent participating interest in SC 63 Read More …
Feb 032014
MANILA, Philippines – Realty entrepreneur, college teacher and multi-awarded columnist Wilson Lee Flores will address the officers and staff of American Standard tomorrow at the Makati Shangri-La Hotel, Makati City. He has been invited to speak on the topic “How to have a winning attitude”. Flores has won three Palanca literary awards and a record 11 Catholic Mass Media Awards (CMMA), including two CMMA Hall of Fame Awards. Aside from real estate, he has also invested in and turned around several businesses including the Caltex gas station in Iba-Malhacan Road of Meycauayan Exit in Bulacan and the unique 75-year-old Kamuning Bakery in Quezon City where he has retained the old owners as his business partners to continue old tastes and traditions. The 130-year-old multinational American Standard is a Fortune 500 company, a leader in bathroom and kitchen fixtures.
Feb 032014
MANILA, Philippines – The Philippine Dealing and Exchange Corp. (PDEx) has given dominant carrier Philippine Long Distance Telephone Co. (PLDT) the green light to list P15 billion worth of fixed-rate bonds this week. Ma. Lourdes Rausa-Chan, PLDT corporate secretary, informed the Philippine Stock Exchange (PSE) that the seven and 10-year fixed rate bonds would be listed on PDEx on Feb. 6. “We wish to advise that the application of the company to list its P15-billion fixed rate bonds due 2021 and 2024 has been approved by PDEx effective Feb. 6,” she said. New York-based Moody’s Investors Service earlier said the fund raising activity of PLDT was credit positive as this would improve the debt profile by reducing foreign exchange risks. Moody’s assistant vice president Yoshio Takahashi said the proposed bonds would help PLDT to further term out its debt maturity profile despite the moderate increase in its total outstanding debt. “While the debt offering could modestly increase total debt outstanding in the near term, it will help PLDT to term out its debt maturity profile and reduce foreign exchange rate risk,” Takahashi said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Of the total P110 billion outstanding debt of PLDT as of end-September, about 16 percent or P17.7 billion were due between the fourth quarter of last year and this year. About P4 billion were due in the fourth quarter of last year and another P13.7 billion this year. PLDT intends to use the proceeds of the seven and Read More …
Feb 032014
MANILA, Philippines – As the world welcomes the “Year of the Horse,” Pinoy netizens will find it useful to download the Malayan Insurance mobile application either at the Google Play store or at the Apple App store. Malayan’s pioneering insurance mobile app is equipped with a “Feng Shui Advisor” which provides users with a handy fortune calculator, every week. “We made sure our mobile application features a Feng Shui advisor because Filipinos love to have some fun using digital applications. Also this Feng Shui advisor is one of Malayan’s trademark features in its annual planner, reflecting our Filipino-Chinese roots and advertising message of insuring for various life events,” said Aldous Anacion, Malayan’s digital marketing head. “You will not find this anywhere in the world,” he added, noting the uniqueness of the application to the Philippines. He said the company’s Feng Shui planner which the company gives to its clients and agents, has been available since 1981. “Our mobile app also comes with a horoscope to guide that users may consult regarding their lifestyle or even about money matters,” he added. Malayan’s mobile app is equipped with a personality calculator. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Users will find this useful as it suggests to them the most appropriate insurance product which they can avail based on his or her answers to the mobile app personality quiz. Through the Malayan Insurance mobile app, users will also receive live twitter feeds from various government information gateways such as MMDA, Read More …