Singapore state-owned investment firm Temasek has shown a great amount of interest in the ecommerce scene this year, investing in India’s Snapdeal and China’s JD in May and August respectively. Over the weekend, it added Rocket Internet-backed ecommerce store Lazada to its portfolio by taking the lead in a massive EUR 200 million (US$250 million) funding round, which included a number of existing investors such as Rocket Internet, Kinnevik and Verlinvest. This new investment matches Lazada’s last round of funding, and brings the total amount it has raised so far to roughly US$736 million. The Amazon-esque site now joins the unicorn club, with its value standing at EUR 1 billion (US$1.25 billion). According to Lazada CEO Maximilian Bittner, the fresh funds will be used to “enhance the shopping experience” for its customers. Specifically, they will go towards expanding and improving its logistics infrastructure, payment solutions, and IT systems across the six countries in which it operates – Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The company claims that sales, or gross merchandise volume (GMV), on its websites and mobile apps have doubled since June 2014. Given that Lazada saw GMV of EUR 71 million (US$91.4 million) in the first half of 2014, this means its GMV from July to December would be around EUR 142 million (US$182.8 million). It attributes the growth to its recent shift to a marketplace model for third-party merchants, which apparently accounts for approximately 70 percent of Lazada’s overall monthly sales. See: Rocket Internet’s earnings: small Read More …

SAN FRANCISCO – Philippine Presidential Awards will be conferred on 33 outstanding overseas Filipinos and foreign-based organizations from 13 countries on December 5 at the Malacañang Palace. President Benigno Aquino will personally give the awards, assisted by Secretary Imelda M. Nicolas, the Chairperson of the Commission on Filipinos Overseas. The president commended the 33 individuals and organizations not only for their personal and professional achievements, but also for what they’ve contributed to the development of the Philippines and the welfare of their fellow Filipinos everywhere. “I congratulate the Lingkod sa Kapwa Pilipino, Kaanib ng Bayan, Banaag and Pamana ng Pilipino Awardees for their efforts to better the conditions of our kababayans here in the Philippines and abroad, and representing the Filipino talent and industry in their adoptive homelands,” President Aquino stated. Institutionalized in 1991 through Executive Order No. 498, the Presidential Awards is a biennial search for overseas-based individuals and organizations that have dedicated their work in the service and improvement of lives of Filipinos worldwide, selflessly supported relief, rehabilitation and development programs in the home country, or who have excelled in their field or profession. The awardees were thoroughly screened from a total of 157 nominations from 29 countries by three different committees with representatives from the government, civil society, media, academe, religious and business sectors, and finally the President of the Philippines. The Presidential Awards has four categories – Kaanib ng Bayan Award, Lingkod sa Kapwa Pilipino Award, Banaag Award, and Pamana ng Pilipino Award. Kaanib ng Bayan Read More …
MANILA, Philippines – Savor the warm, fuzzy feeling of the Christmas season with every bite of The Richmonde Lobby Café’s divine, freshly-baked holiday creations. The oh-so-yummy cakes, breads and pastries make a sweet gift for friends and a lovely inclusion to your celebration feasts at home. This year’s collection includes cakes and desserts such as the classic Holiday Fruit Cake (P450), Oreo Mint Mousse (P550) and Turtle Cheesecake (P580); assorted breads like Pistachio Double Cream Cheese Bread (P210), Salted Swirl Bread (with bacon and cream cheese) (P250), Dark and White Chocolate Bread (P220) and Chocolate Banana Pecan Bread (P285); pastries such as the frosted Holiday Donut (P80), Fried Cinnamon Donut (P80), Craquelin Cream Puff (P80) and Choco Chip Hazelnut Cookies (P220/35pcs); plus the hotel’s signature Richmonde Ensaymada, which comes in plain (P110), ube (P120), salted egg (P130) and queso de bola (P130) variants, the sweet and chewy Nutty Fudge Square (P80) and the lusciously moist Richmonde Chocolate Cake, which comes in four sizes — 4” (P170), 6” (P520) and 8” (P650). Visit the Lobby Café of Richmonde Hotel Ortigas to see the complete collection. For details, call 638-7777.
Four Israeli news and travel companies have featured the Philippines in their websites as the next new destination for Israeli travelers to visit. The feature articles on the Philippines, simultaneously published in Hebrew in late October, highlighted the country’s beautiful nature, especially the inclusion of Palawan and Boracay in Condé Nast Traveler’s “30 Best Islands in the World” this year. At the conclusion of the online poll, Palawan emerged as the winner with more than 76,000 votes, while Boracay got the 12th place. Because of Palawan, Boracay and other natural wonders found across the Philippines, the articles released by News1 (http://www.news1.co.il), Walla (http://travel.walla.co.il), Terminal (http://www.terminal.org.il), and International Air Services (http://www.ias.co.il) said that the country is becoming a “favorite destination among Israelis.” The significant increase in the number of Israeli tourists to the Philippines is partly attributed to the collaborative efforts of the Philippine embassy in Tel Aviv and the Israel-Philippine Tourism Chamber in promoting Philippine tourism in Israel. Since the chamber’s establishment during the Philippines’ inaugural participation in the 2013 International Mediterranean Tourism Market (IMTM) – which is Israel’s flagship and biggest annual tourism fair – he Philippine embassy and the chamber have partnered in several promotional activities to boost the number of Israeli tourists who are becoming more interested to visit the Philippines. In 2013 alone, the number of Israelis traveling to the Philippines reached 7,675, marking a 30-percent increase on the full 2012 figure of 5,895.
A Filipino-American was named recently as the new director of the prestigious and influential Bill & Melinda Gates Institute for Population and Reproductive Health at Bloomberg School of Public Health at Johns Hopkins University, Baltimore, Maryland. Jose “Oying” Rimon was named recently after an eight-month international search for a new director. In his announcement, Dean Michael Klag lauded Rimon for his outstanding work serving as interim director during the search process and identified him as a visionary leader. He is also a senior scientist in the faculty of the Department of Population, Family and Reproductive Health. Rimon is the most senior Filipino to serve in a major leadership position in the international population and reproductive health community since the days of Rafael Salas, the first executive director of the United Nations Population Fund. Prior to joining Hopkins he was a senior officer at the Global Health Policy and advocacy group of the Bill & Melinda Gates Foundation, based in Seattle, Washington. He led the development and management of a global portfolio of policy and advocacy grants and partnerships covering family planning and reproductive health; maternal, neonatal and child health; and nutrition. He was a key planner and core member (with special responsibility for foundations and civil society engagement) of the highly successful London Summit on Family Planning team which raised $2.6 billion of new money from donors. He was the cochair of the Social and Behavioral Change Working Group of the foundation. He received a “Wall of Fame” recognition award Read More …
The boy group is made up of Joaquin Reyes, John Bermundo, Grae Fernandez, Brace Arquiza and Nash Aguas MANILA, Philippines – Gimme 5’s self-titled debut album under Star Music is all about pure teen fun, vibe and music. Released last Nov. 9 on ABS-CBN’s ASAP 19, the first album of the boy group showcases the talent and energy of its teen heartthrob members, namely, Joaquin Reyes, John Bermundo, Grae Fernandez, Brace Arquiza and Nash Aguas. The tracklist of the all-original, pop-rock album of Gimme 5 includes Pag Kasama Ka, Aking Prinsesa, Hey Girl, Growing Up, Ikaw Na Na Na Na and its carrier single Hatid Sundo. Minus-one versions of the songs are also part of the album. The Gimme 5 album is now available at all record bars nationwide for P199. Digital tracks can also be downloaded via leading record stores all over the country and on online music stores such as iTunes, Mymusicstore.com.ph and Starmusic.ph. For details, visit Starmusic.ph or follow Star Music’s official social media accounts at Facebook.com/starrecordsphil, Twitter.com/starrecordsph and Instagram.com/Starmusicph.
MANILA, Philippines – The Department of Agriculture (DA) will meet with Taiwanese and Japanese seafood processors to encourage them to invest in eel processing in the country. Agriculture Secretary Proceso Alcala said he would be meeting with Taiwanese and Japanese seafood firms in Taiwan on Dec. 2 – 5 to encourage them to put up processing plants for eel in the Philippines. “I also want to observe their trading system. These are private investors,” Alcala told reporters. “We already have small eel processing businesses here but I want the industry to be big because we have the source of elvers and we are already seeing results from the export prohibition that we imposed two years ago,” he added. In 2012, the DA reinstated the ban on the export of elvers (juvenile eel) to stop the rapid decline of the specie. The ban on the export of elvers is enforced under Fisheries Administrative Order 242, signed by Alcala on April 10 2012. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Violation of the ban carries a penalty of eight years imprisonment, confiscation of catch or a fine equivalent to double the export value of the same, and revocation of fishing or export permit. Elvers are gathered in riverbanks and shores through the use of nets. These are then shipped to Manila for export to various Asian countries such as Japan and Korea where these are enjoyed as a delicacy. Smoked eel fillets, for instance, sell for P500 to P1,000 per Read More …

Christmas is just weeks away, and many of us have already started preparing for it by decorating our homes, buying presents, and maybe even planning for an out-of-town trip. For some people though, Christmas preparations can be quite stressful, and may even take away from the joy and wonder of the season. Don’t let that happen to you (and your family). Take the time to make this Christmas a truly meaningful one for you and yours. Here are some tips to help you out: 1. Start a special Christmas tradition. Homeschooling is such a blessing to our family in so many ways — one of which is that I get to learn about so many beautiful traditions associated with our Catholic faith. I especially love those that are related to liturgical seasons like Christmas and Advent. Over the years, our family has made some of these traditions our own, and our Christmases have been so much more meaningful because of them. Lifestyle Feature ( Article MRec ), pagematch: 1, sectionmatch: For a list of meaningful Christmas traditions that you can start with your own family, try checking out this one by The Learning Basket. It contains most, if not all, of the traditions that we have, too — although I must admit that on some years, we don’t get to do all of them. 2. Give gifts that give life. After Super Typhoon Yolanda struck the Philippines last year, my husband and I decided to forego buying Christmas gifts for Read More …
Flavorful dishes from around the world at 50 percent discount: Chefs in open-theater kitchens cook for the buffet at Flavors Restaurant of Holiday Inn & Suites Makati, assuring freshness. The discount is given to Citi credit card holders until Jan. 31,2015. I am a sucker for the magic phrase “50 percent discount.” When a top-rated restaurant declares a 50 percent discount, all gourmets and gourmands rush there like mad, hungry fans. And this one thing I’ve observed: the richer people are the first to go for cost-saving treats like this. That’s why they’re richer. So when Bea Tan of Citi Philippines invited me recently for lunch at Holiday Inn & Suites Makati, I quickly said yes. I wanted to see if the offer was really worth trying. I also wanted to check out the new Holiday Inn & Suites Makati, so conveniently connected to Glorietta Mall. I remember memorable events at the old Holiday Inn along Roxas Boulevard. It opened in 1976 together with 14 other hotels to accommodate International Monetary Fund/World Bank conference delegates, Its director for advertising and PR then, Toni Villaraza-Gregory, recalled that it became Traders Hotel in the 1990s. The amiable hotel manager Christopher Wichlan showed us a new Holiday Inn that is an incredibly modern and relaxing urban sanctuary in the heart of a busy business center But what about the buffet at Flavors Restaurant which is offered at 50 percent off for Citi cardholders until Jan. 31, 2015? Could it be just another buffet Read More …

Associate Justice Antonio Carpio FILE PHOTO MANILA, Philippines–There is no guarantee that the United States would come to the aid of the Philippines in case of an external attack despite the long-standing defense partnership signed through several agreements between the two countries. Associate Justice Antonio Carpio emphasized this on Tuesday and got the government side to concede this point when he grilled acting Solicitor General Florin Hilbay on the second round of oral arguments on the Enhanced Defense Cooperation Agreement (Edca). “I just want you to understand [that] even if we declare Edca constitutional, it does not mean the US will defend us, because there is no such guarantee,” Carpio told Hilbay. Carpio, a staunch defender of Philippine sovereignty as reflected in his position on the country’s maritime dispute with China, drew several scenarios of the country coming under attack. He asked Hilbay of the potential US response given its partnership with the Philippines, including Edca and its mother agreement, the Mutual Defense Treaty (MDT). Malacañang has been defending Edca as a vital instrument in assuring the country’s security in the face of external threats amid the unresolved maritime dispute with China in the West Philippine Sea. It has repeatedly said the agreement implemented provisions already approved under standing Philippine treaties with the United States: the MDT and the Visiting Forces Agreement (VFA). The Philippines and the United States, while pursuing a strategic defense pivot to the Asia-Pacific region, signed Edca in April, just before the state visit of US Read More …