MANILA, Philippines – Shakey’s Pizza Asia Ventures Inc. (SPAVI), the country’s top pizza chain, and British meat substitute producer Quorn Foods (Quorn TM ) have teamed up to bring meat-free pizzas to the local dining industry. Under the exclusive and limited agreement, SPAVI intends to offer Philippines’ first meat alternative pizzas. Shakey’s Quorn TM pizzas come in two meat free and soy free pizza variants, providing alternatives to pizza lovers who need to lessen their meat intake. SPAVI president and chief executive officer Vicente Gregorio said the partnership was in response to customers’ evolving tastes and habits. “The pizzas maintain the familiar taste and texture of meat with less of the calories that come with it. It’s like having the best of both worlds,” Gregorio said. He said Shakey’s success has always been anchored on the company’s mission to wow its guests and exceed their expectations. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “Product innovation is one great way to do this. We always think of the customers’ evolving needs and eating habits. With Shakeys Quorn TM pizzas, we are catering to the growing number of guests looking for healthier food options that also taste good,” Gregorio said. Originating from the United Kingdom, Quorn TM is a range of meat-free protein products using Mycoprotein TM, a naturally healthy protein that is high in fiber, low in saturated fat as its main ingredient. It has zero cholesterol.
MANILA, Philippines – The Department of Trade and Industry is amenable to the creation of a potential China industrial economic zone in the country as part of government’s effort to strengthen relations with China. “Definitely there are many areas of cooperation, including the establishment of industrial economic zones. That’s on the table,” Trade Undersecretary Ceferino Rodolfo said yesterday. Rodolfo said a China industrial economic zone would likely require some 300 hectares of land and would open up plenty of job and investment opportunities for Filipinos. “Under the models they’ve had in other countries, they will develop it and they will also be the ones to get investors, but not limited to Chinese investors. The land, of course, will be ours and of course that would create jobs so we want that. That is a big thing for us especially if they will be the ones spending the bigger part,” he said. Rodolfo said the plan is expected be threshed out in a joint committee on economic and trade cooperation meeting scheduled early next year. President Duterte’s state visit to China last month led to the signing of several agreements covering a wide range of areas such as trade, tourism, agriculture, security, health, and infrastructure.
MANILA, Philippines – The Social Security System (SSS) now wants to have a first say on financing part of public private partnership (PPP) projects to be bid out by the government. “We plan to make it compulsory for PPP proponents to reserve for SSS the right of first refusal to 25 percent equity participation,” SSS chair Amado Valdez said in a statement yesterday. This, in effect, will require the government to first seek SSS help in funding part of infrastructure projects before going elsewhere. This, in turn, will help finance planned pension increases, particularly the P2,000 adjustment pending before Congress. The PPP Center declined to comment. Sought for details, SSS assistant vice-president Maria Luisa Sebastian said the proposal would be contained in a bill to amend the pension fund’s charter, which is yet to be crafted. “Those are still ideas being floated by the new chair,” Sebastian said in a phone interview. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Earlier, Valdez said he wanted all future toll roads to be partly constructed using SSS funds since fees collected from their operations would represent consistent flow of funds for the agency. From January to September, 39 percent or P180.46 billion of SSS investment portfolio was invested in government securities. Around 24 percent or P111.22 billion was invested in equities, 18 percent (P85.93 billion) in member loans, eight percent (P38.66 billion) in corporate notes, seven percent (P33.82 billion) in bank deposits and four percent (P20.05 billion) in property. That represented Read More …
Being stuck in traffic is the daily bane of our existence. Our government goes through the motions of seeming to address the problem, but in reality is so afraid to make the tough decisions that will begin to make conditions better. So much for political will… even of Duterte or his minions! We, the public, are not much better. We complain incessantly about the problem, but thumb down any solution that demands the least bit of sacrifice on our part. At the rate we are going, we will continue to suffer for a long time the consequences of our inability to face the problem. We need to accept solutions that seem logical, but inconvenient. In the meantime, we adopt solutions that make the situation worse. Example: buying more cars to go around the coding scheme. Here is the latest news from the world of industry: Car sales rise 8.6 percent in October. Data from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed car sales grew 8.6 percent YoY to 31,132 units in Oct. Passenger car sales rose 2.3 percent to 11,499 units while commercial vehicles grew 8.6 percent to 19,633 units. From Jan to Oct, auto sales tallied 292,502 units, up 24.5 percent YoY. Guess what? The road space available for the ever increasing number of cars and trucks remains the same. I would guess our road network didn’t grow significantly over the last 30 or even 50 years… at least not Read More …

The country’s third quarter GDP growth rate is the highest since the second quarter of 2013 (7.6 percent). Jun Acculador/CC BY-ND MANILA, Philippines — The Philippine economy expanded by 7.1 percent in the third quarter of the year, higher than the revised second quarter growth of 7 percent, the Philippines Statistics Authority (PSA) announced on Thursday. The country’s latest GDP growth rate is the highest since the second quarter of 2013 (7.6 percent). The PSA said the services sector, which posted a growth of 6.9 percent, contributed much to the third quarter’s economic performance this year. “Services gave the highest contribution to the GDP growth in the third quarter of 2016 with 4.1 percentage points,” said National Economic and Development Authority Director Reynaldo Cancio said at a news conference. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The industry sector, meanwhile, accelerated by 8.6 percent this year, considerably higher than the 6.1 percent rate in 2015. This is a developing story.
SLOWER GROWTH in the three months to September will be offset in the rest of the year by strong infrastructure spending, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a report.
THE Department of Energy (DoE) has asked the government agency that owns the Agus and Pulangi hydroelectric complex to allocate the output of Mindanao’s main power source to areas that need it the most.
THE Environment secretary said the nomination for environmental awards of miners her department recommended for suspension reflects the lax criteria in use for the awards.
“What is needed is a master plan for aviation in the Philippines, especially for airports in Manila to cater to the needs of Metro Manila region and then act on it. Start digging,” Vinoop Goel, regional director for airport, passenger, cargo and security for Asia Pacific at IATA said in a briefing yesterday. File photo MANILA, Philippines – The International Air Transport Association (IATA) is urging the government to finalize the master plan for the development of an international airport, which will cater to the Metro Manila region as passenger traffic in the country is expected to continue to grow. “What is needed is a master plan for aviation in the Philippines, especially for airports in Manila to cater to the needs of Metro Manila region and then act on it. Start digging,” Vinoop Goel, regional director for airport, passenger, cargo and security for Asia Pacific at IATA said in a briefing yesterday. He said there is a need to finalize the master plan given the various proposals being floated for the development of a new airport in the Metro Manila region amid congestion at the country’s main international gateway, the Ninoy Aquino International Airport (NAIA). San Miguel Corp. (SMC) president and COO Ramon Ang has revived a proposal to build a new international airport for Metro Manila in Bulacan. During the previous administration, SMC has offered to build an airport on a reclaimed land in Manila Bay. Under the Aquino administration, the Japan International Cooperation Agency has also been Read More …
MANILA, Philippines – Energy Secretary Alfonso Cusi has ordered to redirect the output of the government-owned Agus-Pulangi hydroelectric power plants (HEPP) to poor areas and Philippine Economic Zone Authority (PEZA) locations in Mindanao to provide affordable electricity to consumers as well as encourage investments in the region. During the Coal Business and Policy Forum yesterday, the Energy chief directed the Power Sector Assets and Liabilities Management Corp. (PSALM) to study the re-allocation of the output of the Agus-Pulangi hydropower plants. Part of the output—amounting to around 700 to 800 megawatts (MW)—would be distributed to poor regions in Mindanao while the rest would be directed to industries, he said. “I have written a letter to PSALM to study allocating the output of Agus-Pulangi to the poorest of the poor, that means to say the ARMM region and the Lanao area and Maguindanao, so that we can help in the development of the area,” Cusi said. “And the rest will be directed to PEZA so that we can encourage investments in Mindanao, so that we can compete against our neighbors for having cheaper electricity to offer to the manufacturing companies,” he said. The 982-MW Agus-Pulangi hydroelectric power plants is owned by PSALM, the agency tasked to manage state-owned power assets, and is operated by state-run National Power Corp. (Napocor). Business ( Article MRec ), pagematch: 1, sectionmatch: 1 It is considered as the cheapest power source in Mindanao, with capacity being sold at around P2.70 per kilowatt-hour. Currently, 34 electric cooperatives are Read More …