Coca-Cola closes Laguna plant but remains committed to Phl investments

 Economy
Mar 032013
 
Coca-Cola closes Laguna plant but remains committed to Phl investments

MANILA, Philippines – Beverage giant The Coca-Cola Co. has decided to close its plant in Calamba, Laguna to streamline its regional operations. The company, however, said it remains committed to investing in the Philippines for the next 100 years. Bessie Arciga, corporate communications and brand public relations manager of The Coca-Cola Export Corp., said in an email that the decision to close the Canlubang concentrate plant will affect 57 direct employees. “In order to streamline operations, The Coca-Cola Co. continuously reviews its concentrate supply chain to drive greater efficiency and position itself to meet future growth in Asia. As a result of that review, the company has decided to produce all concentrate and beverage base for the Philippines in Singapore, and to close the Philippines concentrate plant,” she said. “This decision will allow us to be more efficient and to increase flexibility in the Asia supply chain,” she said further. The plant closure is expected to be completed within the year. To mitigate the effect of the plant closure, the firm is reassigning employees in Canlubang to its other plants or facilities in the country and in Singapore. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The company will likewise be giving a competitive severance package to its employees. But while the firm has decided to halt operations at its plant in Canlubang, it intends to pursue investments in the country. “Although we have closed our plant, the company remains committed to investing in the Philippine economy not only Read More …

Forum focuses on ‘Doing business amidst new threats’

 Economy
Feb 212013
 
Forum focuses on ‘Doing business amidst new threats’

MANILA, Philippines – Business, government and institutions face increasing threats to their survival and competitiveness. The challenge lies in the increasing frequency and severity of cyber attacks, natural hazards, market uncertainties driven by geo-political risks, identity thefts and counterfeit crimes. In this year’s 8th PROTECT conference series on “Doing Business Amidst New Threats”, leading practitioners will present best practices and the latest advances on risk management, ICT advances to solve crimes, disaster preparedness, business continuity and technologies to fight identity thefts and counterfeit cases. A round table discussion will analyze the impact on security in Asia of developments in other parts of the world.  In another session, future global critical concerns to the next century is the subject of a panel discussion among experts in the fields of food supply, energy sources, health issues and regional/global political dynamics. The PROTECT series is the largest and longest-running conference with specialized exhibit on security, risk and emergency management in the Philippines. Launched in 2005 with the Anti-Terrorism Council in response to the New York 9-11 terrorist attack, the PROTECT series has, over the years devoted added attention to risks arising from increasing natural disasters, pandemics, ICT developments and the changing face of terrorism This annual conference is attended by CEOs and senior executives of government and private companies and organizations responsible for guiding their institutions navigate the changing powerful forces of economics, technology, culture, and politics. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The conference, to be held on April Read More …

Philippine papal bet wants people power for Church

 News
Feb 202013
 
Philippine papal bet wants people power for Church

Agence France-Presse 11:45 am | Thursday, February 21st, 2013 Manila Archbishop Luis Antonio Tagle. INQUIRER FILE PHOTO MANILA, Philippines—Luis Antonio Cardinal Tagle wants to bring the Catholic Church closer to people, a vision his fans say comes from a genuine passion for helping the poor and one that could make him Asia’s first pope. The 55-year-old cardinal from a working-class family close to the Philippine capital is being touted at home and abroad as a genuine chance to succeed Pope Benedict XVI during a historic Vatican vote next month. Tagle has a reputation across the devoutly Catholic Philippines as a humble man with a lifelong commitment to helping the poor, while senior Church figures regard him as a moderate progressive who balances conservative doctrines. Tagle, the archbishop of Manila who was appointed a cardinal in November, has refused to discuss his chances for the papacy since Benedict announced he would resign on February 28 due to poor health. But speaking at a public seminar in Manila last weekend, Tagle elaborated on his well-known views that Church leaders needed to do a better job at reaching out to the people within their communities, particularly the youth. “The young want to be connected,” Tagle said at the forum. “That is the basic of the faith — (to be) connected to God, connected to others, to the Church. We need to go back to that fundamental.” Eloquent and with a soothing voice, Tagle has also made high-profile speeches in recent years calling for Read More …

Cardinal Tagle wants people power for Church

 News
Feb 202013
 
Cardinal Tagle wants people power for Church

Cardinal Luis Antonio Tagle wants to bring the Catholic Church closer to people, a vision his fans say comes from a genuine passion for helping the poor and one that could make him Asia’s first pope. The 55-year-old cardinal from a working-class family close to Manila is being touted at home and abroad as a genuine chance to succeed Pope Benedict XVI during a historic Vatican vote next month. Tagle has a reputation across the devoutly Catholic Philippines as a humble man with a lifelong commitment to helping the poor, while senior Church figures regard him as a moderate progressive who balances conservative doctrines. Tagle, the archbishop of Manila who was appointed a cardinal in November, has refused to discuss his chances for the papacy since Benedict announced he would resign on February 28 due to poor health. But speaking at a public seminar in Manila last weekend, Tagle elaborated on his well-known views that Church leaders needed to do a better job at reaching out to the people within their communities, particularly the youth. “The young want to be connected,” Tagle said at the forum. “That is the basic of the faith — (to be) connected to God, connected to others, to the Church. We need to go back to that fundamental.” Eloquent and with a soothing voice, Tagle has also made high-profile speeches in recent years calling for a humbler Church that is more open to the public’s concerns. Born in 1957 in the then-rural township of Imus, Read More …

Sun Life sees income doubling in Asia Pacific

 Economy
Feb 202013
 
Sun Life sees income doubling in Asia Pacific

MANILA, Philippines – Canada-based insurance giant Sun Life Financial is optimistic it could double its income from its Asia Pacific operations to $250 million in 2015 from $129 million this year as it continues to expand in the region. In an interview on the sidelines of the 14th Asia Pacific Life Insurance Congress (APLIC), Sun Life Financial Asia president Kevin Strain said the earnings assumption would be supported by the projected double-digit growth in sales in the region over the next three years. Sun Life’s interests in Asia include the Philippines, Hong Kong, Indonesia, India and China. This year, Strain said they would expand operations in Malaysia and Vietnam. “We are now in seven countries in Asia. We added Vietnam and Malaysia. We are now in four ASEAN countries  – Philippines, Malaysia, Vietnam and Indonesia. We have great expectations. The ASEAN region has been growing so quickly, growing middle class, growing GDP. We think, there’s an incredible opportunity to get real growth in our business in Asia, in particular in our ASEAN business,” he said. Strain said among its businesses in ASEAN, the Philippines has the strongest potential for growth. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “We are most proud of our business here in the Philippines. It is such a strong business. It has a great brand position. We have number one position in terms of insurance sales, number two for mutual funds, and a really great leadership platform to show to the rest of our Read More …

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