Jun 012014
 
Shangri-La’s Boracay Resort launches corporate meeting package

MANILA, Philippines – Shangri-La’s Boracay Resort & Spa, Philippines has launched an unconventional destination meeting package bespoke to dynamic companies on a hunt for an extraordinary business holiday experience in an iconic location—that is, Boracay. Dubbed as “Sunglasses at Work” Meet by Design, this one-of-a-kind offer is a set of customized ideas and setups that transform the usual boardroom sessions, team bonding activities, special events and other corporate requirements into a fun and memorable affair in Boracay. “We have brainstormed on how we can provide our corporate clients a relevant destination meeting and social events experience that they cannot do in a city setup. We took advantage of our prime location with its already inspiring nature and pitched in a quip of mixing business with pleasure,” explained Melissa Santiago, director of events at Shangri-La’s Boracay Resort & Spa, Philippines. For instance, a group can do their strategic planning in a Treehouse Villa endowed with invigorating atmosphere where minds are free to think. After a tedious session, the team may indulge in a 45-minute not-so-usual coffee break either with a quick massage, an arcade game at the Entertainment Centre or beach golf. They may also engage with nature and easily unwind under the sea with coral reef planting or participate in a beach clean-up. When the meetings adjourn, groups may find further inspiration throughout the lush 12.5-hectare property offering a multitude of leisure activities and suitable venues for teambuilding or bonding amidst tranquil gardens and beaches. Having a get together without Read More …

Jun 012014
 
Those clueless Usecs of DOTC!

Why am I not surprised that after all the huffing and puffing and press releases about how seven interested bidders will compete for the right to build LRT1 extension to Cavite, only one showed up with an actual bid? It will be recalled that DOTC had to rebid the LRT Line 1 Cavite Extension project last week after prospective investors backed out the first time around. The bidders were unanimous last year in saying that the terms of reference prepared by the DOTC usecs made no business sense at all. Thus, I was laughing out loud when I read the press release of Cosette Canilao of the PPP Center the day after the bidding. The release had this completely hilarious paragraph: “Undersecretary Rene Limcaoco explains, ‘It was back to the drawing board for us then. We had to unlearn some of our previous notions on project structuring and procurement. We learned to balance the interests of both the government and the private sector without compromising the project’s viabilities and its public service objectives. We are hopeful we will receive good bids for the LRT Line 1 project.’” Hahaha! This is embarrassing, Timmy Limcaoco… apparently, you guys learned nothing from the first experience. As I told ANC’s Business Nightly when they asked for my comment last Wednesday, you guys simply have no idea what makes an attractive business proposal. And to think that Mar Roxas’s bright boys came from the private sector, supposedly hot shot lawyers with Ivy League or hot Read More …

Jun 012014
 
Business groups oppose moves to amend power reform law

MANILA, Philippines – Businesses are against amending the power reform law under the Electric Power Industry Reform Act (EPIRA) or Republic Act 9136, the country’s business groups said in a position paper.  “Amending or making changes in the EPIRA is not the problem, failure to implement it properly is,” the different business groups said in the position paper. The signatories are the American Chamber of Commerce of the Philippines, the Employers Confederation of the Philippines, the European Chamber of Commerce of the Philippines, the Financial Executives Institute of the Philippines, the Japanese Chamber of Commerce and Industry of the Philippines, Inc., the Korean Chamber of Commerce of the Philippines and the Management Association of the Philippines. The business groups stressed the need to build new power plants, adding that if amendments are introduced, it would create uncertainty and turn off investors.  “Brownouts will be inevitable if we don’t build new power plants. International and local investors and financial institutions won’t invest in an industry where the rules are not known and stable. The national government should announce now that EPIRA will not be amended, as amendment will not solve the present problem, and the government should increase dialogue with industry participants to reduce key uncertainties or changing material rules midstream,” they said. The groups cited for instance, the recent changes in the Wholesale Electricity Spot Market (WESM), the country’s trading floor for electricity. Business ( Article MRec ), pagematch: 1, sectionmatch: 1  “There were also changes in the rules, such Read More …

Jun 012014
 
Sanso authentication session at Galerie Stephanie

MANILA, Philippines – As part of National Heritage Month, Juvenal Sansó, one of the country’s most renowned visual artists belonging to the Modernist School of Philippine art, holds his biannual authentication session on June 5, from 3 to 6 pm at Galerie Stephanie, at Unit 1B, Parc Plaza Bldg, 183 E. Rodriguez Jr. Ave., Libis, Quezon City. This is Sanso’s way of meeting his collectors and assuring them directly of the authenticity of the artworks in their possession. It is also the artist’s way of showing his thanks to people who have expressed appreciation for his art and a way to help in the campaign against fakes and forgeries. During Sanso’s authentication sessions, the artist not only attests to the authenticity of the artwork but can give some information on the style, background and influences of his various artworks to the collector. Sansó is a Presidential Medal of Merit Awardee. He also has medals of honor or knighthoods from Spain with the King’s Cross of Isabella and a chevalier rank from the French government for his outstanding accomplishments in art. For information, call 709-1488.

Jun 012014
 
DOTC to defer bid deadline for P2.5-B bus terminal

MANILA, Philippines – The Department of Transportation and Communications (DOTC) is set to defer the deadline for the submission of bids for the proposed P2.5-billion Integrated Transport System (ITS) Southwest Terminal project. The agency is likely to postpone anew the June 16 deadline to give bidders enough time to prepare their documents as the National Economic and Development Authority (NEDA) Board chaired by President Aquino approved the revised terms of the public private partnership (PPP) project only last Thursday. The original deadline of submission was scheduled last May 15 but was moved to June 16 as the DOTC amended the terms of the concession agreement to make it more attractive to prospective investors. The Southwest terminal project situated in a 2.9-hectare property located at the Coastal Road Terminal along the Manila-Cavite Expressway would connect passengers coming from Cavite to other urban transport systems such as the future Light Rail Transit line 1 (LRT) South Extension to Bacoor in Cavite, city bus, taxi, and other public utility vehicles plying Metro Manila. The project would include a passenger terminal building, arrival and departure bays, public information system, ticketing and baggage handling facilities and park-ride facilities. The DOTC pointed out that the proponent would finance, design, construct, operate, and maintain the ITS project for a period of 35 years. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Interested bidders include diversified conglomerate San Miguel Corp., conglomerate Ayala Corp. and property giant Ayala Land Inc. , Metro Pacific Tollways Corp. of infrastructure giant Read More …

Jun 012014
 
BSP exec cited for asset management

MANILA, Philippines – Bangko Sentral ng Pilipinas Assistant Governor Ma. Ramona GDT Santiago was named one of the 25 Most Influential Women in Asset Management in the Asia Pacific region by AsianInvestor, a leading publication dedicated to the Asian region’s asset management industry, in ceremonies held at Ritz Carlton Hong Kong last May 20. With over 30 years of experience in the BSP, Santiago is currently the assistant governor in charge of the Treasury Department where she oversees functions that have far-reaching impact on the country’s monetary and financial stability, including the management of the country’s international reserves and the conduct of market operations to ensure stability in the domestic financial markets. The awardees are 25 successful women movers and shakers who are shaping the asset management industry today and includes top executives from the region who manage money or run the asset management of their respective institutions.  The selection was made by the editorial staff of AsianInvestor, in consultation with senior industry practitioners, from a shortlist of over 100 candidates from around the region.

Jun 012014
 
PAL wants to double flights to Canada

MANILA, Philippines – National flag carrier Philippine Airlines Inc. (PAL), jointly owned by taipan Lucio Tan and diversified conglomerate San Miguel Corp. (SMC), wants to double its flight frequencies to Canada to be able to serve more passengers.  PAL president and chief operating officer Ramon S. Ang said the airline would seek the green light from the Civil Aeronautics Board (CAB) to double the number of flights to Canada to 14 from seven after the successful conclusion of air talks last week.  “With the successful conclusion of the government- to- government air talks, we look forward to flying twice daily to Canada and offering our passengers greater flexibility and choice,” Ang said. PAL currently flies seven times weekly to Canada via Vancouver and Toronto .  The Philippines signed its fifth air service agreement this year after successfully concluding talks with Canada last May 28.  CAB executive director Carmelo Arcilla said the new agreement amended the existing Philippine – Canada Air Services Agreement signed last December of 2008 by increasing the frequency entitlement for each country to 14 flights a week from seven flights a week. Business ( Article MRec ), pagematch: 1, sectionmatch: 1  Both countries also agreed to increased fifth freedom to five per week from four per week and to allow airlines from the Philippines and Canada to enter into a third country code sharing.  The fifth freedom rights allow airlines from a resident country to fly passengers to third countries from a country where it has an Read More …

Jun 012014
 
Tie-up with Dole seen to boost LAP image

MANILA, Philippines – The partnership between fruit packaging giant Dole (Phils.), and Lots A Pizza, via the launching of Lot’s A Pizza’s (LAP) new theme image “Lots’ a Bagong Sarap” aims to increase stronger image awareness for its leading premium products. Teresita L. Ngantian, LAP president/treasurer, said agreement seeks to enhance the tasty goodness of its pizza’s unique twist via Dole’s pineapple tidbits. She recalled the early years when she and her husband Eduardo Ngantian opened shop in Mendiola to cater to university belt students, professors and young professionals. “The above tagline says it all – loads of tasty goodness. The Pilipino word “Sarap” also connotes enjoyment, pleasure, or fun.” Convinced of the product’s growth potential, Ngantian took up a ‘Pizza Technology’ course in the United States, developing what is now called a “unique twist” as its signature crust, one that is chewy and crunchy at the same time, and “lotsarap pa rin” even when cold. Thus, LAP began to make its mark in the local food service industry, and in year 2000 started franchising the brand. “To date we have 205 outlets, while 154 are franchised and the rest, 51 company-owned. These are located all over Luzon, from as far as Isabela in the North and Legaspi, in the South.” Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The firm is strong in research and development, whereby consumer needs are continuously upgraded. Its market research program revealed that consumers were willing to pay more than the price offered, Read More …

Jun 012014
 
Pinoys visiting Korea to grow 10%

MANILA, Philippines – The number of Filipinos travelling to Korea is expected to grow by 10 percent this year on the back of the country’s favorable economic conditions as well as the growing popularity of Korean pop culture. Korea Tourism Organization director for Manila Sangyong Zhu said in an interview on the sidelines of Korea Night he expects more Filipinos to travel to Korea this year. Last year, the number of Filipino travellers to Korea reached more than 400,000, up 20 percent from 2012. “First factor to growth is the vigorous economy of the Philippines which is quite amazing…The middle class Philippine society is also now fast growing. That is the main factor why the number of Filipino travellers is growing,” Zhu said. In particular, he noted that the corporate incentive tour market from the Philippines is expanding at a fast pace with demand coming from pharmaceutical, insurance and direct selling companies as well as banks. To encourage agents to sell more products, companies send their top sellers or best dealers to Korea as an incentive. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “This is growing here in the Philippines and it is also due to the strong economy of the Philippines,” Zhu said. He noted that Hallyu or Korean pop culture is also seen to help drive the growth as more Filipinos become interested in Korea’s culture as portrayed in Korean pop music and dramas. “Kpop and Koreanovelas will reach a lot of potential for Philippine outbound Read More …