Category: Business

GCash innovations foster growth of Philippines’ gig economy

Post author By Press Release
Post date June 4, 2019
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With its 20 million users composed mostly of young, working Filipinos, GCash has tailored its mobile financial platform to fuel the growth of the country’s gig economy.

Anthony Thomas, president and chief executive officer of Mynt (Globe Innovations, Inc.), which operates GCash, said the company sees a huge opportunity in the gig economy and continually innovates to address the needs of freelancers and micro, small and medium enterprises (MSMEs).

“Most of our businesses are micro-businesses, and the gig economy is alive and well. A lot of opportunity comes from freelancers or businesses that employ just a few people. GCash could be a very convenient disbursement platform for them,” Thomas said at the IN_PACT Asia 2019 forum held on May 28 at the ADB headquarters in Manila.

GCash solutions

The Philippines’ leading mobile wallet and a pioneer in fintech services, GCash provides an efficient end-to-end payroll to payout solution for Filipinos operating outside the usual employment schemes, Thomas said. It also allows payment acceptance through QR transactions, and InstaPay transfers, which lets users send money to any banks in the Philippines for free.

“We make it very easy to accept payments offline through QR codes, or online with minimum to no cost so entrepreneurs, small businesses and freelancers can really focus on what they need to do rather than worrying about administrative problems in their lives and businesses,” he said.

The Mynt CEO was one of the speakers representing the fintech sector at the IN_PACT Asia forum, which this year centered on “Convening for Collective Impact.” The event gathered more than 300 social designers and innovators, and over 30 thought leaders and experts on social innovation and impact.

Anthony Thomas speaking at the ADB In_Pact Asia 2019 - Convening for Collective Impact

Anthony Thomas speaks at the ADB In_Pact Asia 2019 – Convening for Collective Impact.

Financial inclusion

The Philippines, which has one of the youngest workforces in Asia, is an emerging hub for social entrepreneurs, numbering nearly 165,000, and online freelancers, estimated to be around 1.5 million. Self-employed Filipinos make up 26.9% of the country’s 41.2 million labor force, the second biggest category of employed workers, according to the Philippine Statistics Authority.

Still, financial inclusion remains a challenge as 2 out of 3 Filipinos do not have access to bank accounts, and 9 out of 10 do not have access to loan credit.

“But the smartphone penetration is good, and the Philippines is an increasingly social media savvy country… What we’re doing is incentivizing people to go online,” Thomas said, presenting GCash’s financial services, which include GScore, GCredit, GSave and GInvest.

Financial services platform

“We’re not stopping at just creating payment convenience in your day-to-day lives. We are ultimately a financial services platform where we collaborate with lenders, asset managers, banks, and insurance companies. And we’ve already launched a way where we’re giving people a digital identity,” he said.

UNDP resident representative Titon Mitra, who was also a guest speaker at the forum, recognized that the most impressive social innovations were coming from emerging economies, citing fintech companies like GCash.

“In a volatile, uncertain, complex and ambiguous world, innovations are imperative,” Mitra said. “It’s not just about fostering social innovations but fostering social innovations with a coherent purpose. If we’re going to drive social innovations the right way, we have to make it everyone’s responsibility.” (Press Release)

Tags Anthony Thomas, GCash, Mynt

Business Feature Tech

Tap social media, digital tools to grow your business, Facebook tells Cebu companies

Post author By Max Limpag
Post date June 2, 2019
No Comments on Tap social media, digital tools to grow your business, Facebook tells Cebu companies

Businesses that embrace technology and social media grow at incredible rates, according to an official of Facebook Philippines.

With platforms like Facebook, there has never been a better time to have a business idea or solution and connect that idea with someone who will need it, Facebook Philippines Client Partner Chay Mondejar-Saputil said in a media briefing last Friday in Cebu City.

Facebook Philippines held last Friday an Accelerator Workshop to train Cebu businesses on online marketing, branding, and digital tools provided by the platform. Saputil said the business tools offered by the social media giant “level the playing field” for small and medium-sized businesses (SMB).

Reach potential customers

“Whereas before only big businesses were able to reach out to a large number of people, now even small businesses can reach hundreds of thousands” of potential customers using Facebook and its tools, she said.

More than 50 million Filipinos are connected to an SMB page on Facebook, the company said in a press statement. About 130 million people outside the country are connected to a Philippine-based SMB on the platform, it added.

The biggest shift right now is how we are so connected to our mobile phones
Chay Mondejar-Saputil, Client Partner, Facebook Philippines

Saputil said a survey of small businesses showed that by using technology and social platforms, 86% were able to sell their products outside their geographic boundaries and to customers in other provinces and even abroad. The same survey also found that 91% of businesses saw these tools as having helped them attract customers and 73% said they were able to hire more people. She said 82% of businesses reported increased sales because of the Facebook platform. She also said that 60% of these companies built their businesses on Facebook.

Saputil also shared what she said were the four Cs that are important to do well online: community, curation, conversation, and commerce.

Empower SMBs with training

Facebook Philippines said the digital skills training they conducted for SMBs started in 2017 and have trained over 5,000 small businesses in 23 cities all over the Philippines.

“We are glad to be working with Facebook in helping create inclusive, innovation-led growth for Philippine SMBs. Ninety-nine percent of businesses in the country are SMBs and they are the backbone of the Philippine economy. Together with Facebook, we will continue to empower SMBs as their success ultimately translates into more jobs and economic opportunities for Filipinos,” said Department of Trade and Industry Central Visayas OIC Assistant Regional Director Ma. Elena Arbon.

Jackie Morales of Digital Printing PH said platforms like Facebook allowed their company to operate fully online. Digital Printing PH started with two physical locations in Manila. Morales said that with the shops, they were limited by their location and their customers were mainly students. By going online, they were able to attract corporate customers from all over the country and even abroad.

Fully online, relocate to Cebu

She and her husband eventually decided to go fully online and relocate to Cebu, having been attracted to the province after spending their vacation here. Morales said her biggest consideration in going online is her being a mother. With the physical stores, she barely had time with the responsibilities of running their operations while raising a child. By going fully online, she now has more time for the family and for herself. She said she was able to travel more since she could run the business from anywhere.

EMPOWERING ENTREPRENEURS. (From left) Jackie Morales of Digital Printing PH; Gina Romero, CEO and co-founder of Connected Women; Facebook Philippines Client Partner Chay Mondejar-Saputil; and Facebook Philippines Communications Manager Michelle Fojas brief reporters and bloggers about Friday’s Accelerator Workshop for Cebu businesses.

Gina Romero, CEO and co-founder of Connected Women, said technology is empowering to women and allows them to connect with other female entrepreneurs and share tips and experiences. Romero used to be a flight attendant while selling used laptops on eBay. With technology, she was able to run the business wherever her assignment was. She later on started organizing sessions for women entrepreneurs. She has brought that online by tapping Facebook and her community now has 35,000 members.

Saputil said tools like Messenger foster interaction with the community and potential customers. She said this “conversational commerce” drives business and will be increasingly contributing to transactions in the coming months.

Mobile is biggest shift

Romero said they had to hire a dedicated employee to handle chats and would be adding another person soon. She said people prefer to use Messenger chat than other avenues like email and contact forms. Morales said she often has a deluge of chat messages that she has to use the “away” option because she is unable to deal with all messages.

Saputil said tools like chatbots will enable entrepreneurs like Morales to deal with the volume of customer inquiries.

Romero said platforms allow her members to interact with each other. She shared how a post or question by a member would often generate hundreds of answers by others in the community by the time she reads it when she wakes up in the morning.

Saputil also emphasized the importance of thinking mobile in doing business in today’s digital and connected world.

“The biggest shift right now is how we are so connected to our mobile phones,” Saputil said, citing a study by We Are Social that indicated Filipinos spent up to 10 hours a day online, mostly via phones.

“Most of our users are on the phone. Think of what your photo will look like on the phone, if you can’t read what’s on the photo on the phone then I would say 90% of our users won’t be able to read it as well. If it’s on the phone, the rule is the bigger the better,” she said.

Saputil also said that based on feedback and their experience in attending and holding events in Cebu, “I feel and I see that digital transformation is happening here.”

Tags Accelerator Workshop, Chay Mondejar-Saputil, Facebook, Facebook Philippines, Gina Romero, Jackie Morales, Ma. Elena Arbon

Business Tech

Miss Universe Catriona Gray is the face of the new Smart Signature Plans

Post author By Press Release
Post date May 23, 2019
No Comments on Miss Universe Catriona Gray is the face of the new Smart Signature Plans

Catriona Gray’s journey to the Miss Universe crown is an inspiring story of a woman who has reimagined herself to win the most coveted beauty pageant title, bringing pride and honor to our country.

Make no mistake about it, Catriona could have simply rested on her laurels with her Top 5 finish in Miss World 2016, plus a flourishing career as a commercial model. But, fueled by the support of family and friends, the now 25-year old beauty queen decided to embark on a much bigger dream that revealed the goal slayer in her – someone who is confident with her vision, and put every ounce of her energy to realize it. The rest, as they say, is history.

Fast-paced digital lifestyle

“Catriona’s inspiring story and her disposition as the ultimate goal slayer makes her the perfect ambassador for Smart Signature, a new mobile experience that prioritizes customers,” said Oscar A. Reyes, Jr., PLDT-Smart SVP and Consumer Business Market Development Head.

“Designed to cater to a new generation of goal slayers like Catriona, Smart Signature keeps up with the fast-paced digital lifestyle of our customers and empowers them as they tick off more milestones in their career or life,” he added.

“I’m very goal-oriented, and once I’ve set my mind on something, I put my heart and soul to it, and make sure I have all the tools to make it happen,” said Catriona, whose dedication showed in her hands-on approach to preparing for an international title: from putting together her own team or designers, trainers and creatives to displaying her proud Filipino heritage in her captivating national costume and now iconic gowns.

“This is why I am thrilled to represent Smart Signature, which empowers everyone with the digital experience they need to achieve more and realize a much better version of themselves. With Smart Signature, we have one less thing to worry about while pursuing our goals and making a difference.”

Tech-savvy beauty queen

Catriona uses digital platforms not only to connect with family, friends, and fans, but as an effective way to get her voice out there as an advocate for educating the youth and raising HIV/AIDS awareness.

But what else does the most beautiful woman in the world do when she’s online? For starters, she listens to music. “I never like it when it’s quiet. So, I stream music all the time,” she shared. She also enjoys watching videos, especially during her downtime. Here’s a fun fact: She likes watching beauty and make-up videos online, and even trained to do her own make-up as part of her preparation for the MISS UNIVERSE competition.

As an only child who lives away from her parents, and with a hectic travel schedule, she also heavily relies on mobile apps to constantly keep in touch with family and friends.

Always a go-getter, Catriona is ready to embark on her new role as endorser for Smart Signature. It’s going to be a hectic reign, but it’s a journey that she has prepared for all her life, and one that she hopes will inspire more Filipinos.

“I would love to share to people that my story is not an overnight success, and there were years that I really struggled. But I never gave up,” she revealed. “I always play to my own strengths. You need to find a circle of people that believe in what your goals are. And in this digital age, you need a mobile partner that will always prioritize your needs.”

Postpaid reimagined

Smart Signature prioritizes subscribers on the Smart LTE network, the country’s undisputed fastest mobile network as awarded by world-renowned firms including Ookla, OpenSignal, Tutela, and P3. This prioritized network experience makes sure that you can enjoy consistent data to connect to their favorite apps, sent messages in real time, and make uninterrupted calls – even during peak hours.

Smart Signature comes in four plans – Plan S, Plan M, Plan L and Plan XL – with generous data allocation; worry-free unlimited calls to Smart, Sun, and TNT; worry-free AnyNet call minutes to PLDT landline and other networks; and unlimited texts to all networks – so you never have to worry about connecting with family, friends, and colleagues on any network.

Experience a reimagined postpaid and achieve more with Smart Signature Plans now! Sign up as a new subscriber, or upgrade your current Smart Postpaid Plan for free, at select Smart Stores nationwide.

Learn more about the Smart Signature Plan perfect for your lifestyle at www.smart.com.ph/signature. (Press Release)

Tags Catriona Gray, Miss Universe, Oscar A. Reyes

Business

VECO inaugurates upgraded Consolacion substation

Post author By Press Release
Post date May 18, 2019
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To meet the demands of growing residential developments and the vigorous economy in the northern part of its franchise area, the Visayan Electric Company, Inc. (VECO), inaugurated its upgraded Consolacion Substation on May 10.

The Consolacion Substation, which was built in 1995, originally had a 33MVA capacity. Assistant Vice President for Engineering Operations Noel Modesto said VECO saw the need to improve, rehabilitate, and upgrade the substation to 66MVA to improve reliability and flexibility to better serve its customers in the municipalities of Consolacion and Lilo-an.

Consolacion Mayor Teresa Alegado, in her speech during the inauguration, said the municipality is thankful that VECO keeps up with the demands of the municipality’s growing economy.

“We in Consolacion consider VECO as a partner in growth and development and we are very thankful that VECO readily answers the call of the times. In fact, VECO is several steps ahead. Seeing that Consolacion is growing rapidly, you are also preparing your facilities to meet the demands. We look forward to working with you more and we assure you that we will always be hand in hand in the development of Consolacion,” the mayor said.

**CONSOLACION SUBSTATION UPGRADE.** VECO inaugurated its upgraded Consolacion Substation last May 10. Consolacion Mayor Teresa Alegado attended the event and praised the utility for “keeping up with the times.”

A substation is a set of equipment where voltage is transformed from high to low, which is suitable for supply to consumers.

VECO has a total of 19 substations. It started the rehabilitation works at the Consolacion Substation in October 2017 and upgraded its capacity in August of 2018. The upgrading of the Consolacion Substation is also in preparation for the upcoming rehabilitation of the nearby Paknaan Substation, which will be implemented by June this year with a 2020 targeted commissioning. Rehabilitation and upgrading works for the Calamba Substation in Cebu City into 66MVA is ongoing and is expected to be completed this year.

Owned and managed by publicly-listed Aboitiz Power Corporation and Vivant Corporation, VECO serves the cities of Cebu, Mandaue, Talisay, Naga and four municipalities of the greater part of Metro Cebu — Liloan, Consolacion, Minglanilla and San Fernando. (Press Release)

Tags Aboitiz Power Corporation, Teresa Alegado, VECO, Visayan Electric Company, Vivant Corporation

Business

Coding the future of payments: GCash breaches 50k QR merchant mark

Post author By Press Release
Post date May 4, 2019
No Comments on Coding the future of payments: GCash breaches 50k QR merchant mark

The use of QR for mobile digital payments is very popular in various emerging and developed economies. In China, for example, mobile digital payments account for over half of the country’s total transaction volumes.

In the Philippines, the use of the technology is still in its nascent stage, and has yet to see an explosion in usage.

Despite that, GCash, operated by Globe Fintech Innovations Inc. (Mynt), sees the value of setting up as many QR-enabled merchants as possible, as it believes that the future of mobile digital payments lies on innovative technologies.

Secure, convenient

“QR payments provide security and convenience to both merchants and their customers. Our thrust as a mobile wallet is to acquire as many merchant partners as possible — even micro-entrepreneurs such as taho vendors — to future-proof us from the expected boom in usage,” said JM Aujero, Vice President for Merchant Solutions.

Already, GCash has breached the 50,000 merchant mark in the first quarter of 2019, a huge milestone for the company that introduced this technology first in the Philippines in 2017.

“We want to be as pervasive as our partner Ant Financial is in China. QR is the future of payments, and we are committed to lead in this arena here in the Philippines,” he said.

The QR technology of GCash is far reaching, spanning from Luzon to Visayas and down to Mindanao, including popular tourist destination Boracay.

Empower MSMEs

This particular technology is empowering micro, small, and medium enterprises (MSMEs) to adopt into the digital arena. Aside from giving them access to millions of customers, the QR payments solution of GCash allows merchants to enjoy auto-sweeping of their daily transactions into their account.

It likewise provides a better performance evaluation of the business, as the system provides for QR transaction reports, which allows enterprises to study and analyze their transactions real time. Cash handling issues are also addressed through the QR payments system.

GCash offers merchants no set up fees, a huge customer base, lower rates than most debit and credit cards, a chance for increased marketing, and access to periodic reports to oversee their business performance.

“Merchants and social sellers can leverage on the ubiquity of GCash in the Philippines, as well as benefit from this simple, cost-effective, and secure alternative to cash,” he said.

Get more users

GCash is embarking on a battle against cash to capture more users this year, and the need to increase the number of merchants in the GCash platform only continues to be more pronounced.

The GCash QR payments solution, he explained, is supportive of the Bangko Sentral ng Pilipinas’ goal of reducing cash payments and increasing the share of non-cash transactions to 20 percent of the total volume by 2020.

“Our aggressive stance in fighting for more QR-enabled merchants stems from the fact that every day, more and more GCash users onboard the platform. Use cases for QR payments also continue to sprout,” he said.

“With Ant Financial as our partner, we are well-equipped to deliver the best QR experience in the Philippines. Ant Financial will also help us in strengthening our hold while massively scaling up our QR reach in the country,” he said. (Press Release)

Tags Ant Financial, GCash, JM Aujero, Mynt

Business

Accenture Named Best Employer of the Year at International ICT Awards Philippines

Post author By Press Release
Post date April 14, 2019
1 Comment on Accenture Named Best Employer of the Year at International ICT Awards Philippines

Accenture has, for the third time, been named “Best Employer of the Year” at the annual International ICT Awards Philippines, recognized for its industry-leading initiatives in developing talent, advancing inclusion and diversity, and supporting the welfare of its employees.

Organized by the Canadian Chamber of Commerce of the Philippines and supported by the Information Technology and Business Process Association of the Philippines, the International ICT Awards Philippines recognize outstanding companies that have exhibited leadership and excellence in the local information and communications technology (ICT) industry.

As a people-driven company, Accenture remains focused on developing and upskilling our workforce, enabling them to deliver innovative services to our clients in this digital age.
Lito Tayag, country managing director for Accenture in the Philippines

The Best Employer of the Year award, which Accenture also won in 2008 and 2017, is given to the company that has showcased leadership in elevating employee potential and success by institutionalizing a talent-led approach that paves the way forward to a more diverse, inclusive and future-ready workforce.

**EMPLOYER OF THE YEAR AWARD.** Sheryll Quito (second from left), human resources lead for Accenture Advanced Technology Centers in the Philippines, holding the Best Employer of the Year trophy from the International ICT Awards Philippines. This is Accenture’s third time being recognized for its employee-focused programs that help in the professional and personal development of its workforce. With Sheryll Quito are (from left to right) Julian Payne, president and CEO of the Canadian Chamber of Commerce of the Philippines and chairman of the organizing committee of the International ICT Awards Philippines 2019; Meanne Quiambao, vice president for sales of Globe Business; Peter Macquera, senior vice president of Globe Business; and Maria Ahtisa Manalo, Miss International 2018 1st Runner-up.

“We are honored to be named Best Employer of the Year for the third time, reaffirming our leadership position in the local ICT industry and our commitment to building a community of innovators across our facilities in Manila, Cebu and Ilocos,” said Lito Tayag, country managing director for Accenture in the Philippines.

“As a people-driven company, Accenture remains focused on developing and upskilling our workforce, enabling them to deliver innovative services to our clients in this digital age. Moreover, we are steadfast in our commitment to become the most inclusive and diverse employer in the industry, as highlighted by the expansion of our parental benefits package and the EDGE Move Certification that recognized our efforts in promoting gender equality in the workplace,” Tayag added. (Press Release)

Tags Accenture, International ICT Awards Philippines, Lito Tayag

Business Feature Lifestyle

Restaurant, gym and yoga centers, other lifestyle outlets planned for Axis in Vibo Place

Post author By Marlen Limpag
Post date April 14, 2019
No Comments on Restaurant, gym and yoga centers, other lifestyle outlets planned for Axis in Vibo Place

Axis Entertainment Avenue on Vibo Place.

Shared office spaces and more units for lifestyle outlets are just some of the new and exciting developments at Axis Entertainment Avenue on Vibo Place.

The Country Basket restaurant, which is known for its chicken dishes as well as breads and pastries, and an architectural showroom are set to open in May at a newly completed cluster expansion, said Axis General Manager Andre Allen Suarez.

Opening soon in another building cluster is a yoga studio and an eyelash extension facility.

Axis Entertainment Venue expansion plans

Axis General Manager Andre Allen Suarez says they plan to fill the new cluster building with a gym, spa or salon, convenience store or pharmacy and are currently looking for locators.

Axis expansion

Suarez added that they will also add 11 units in a new two-storey building that’s currently being constructed after Burger King. This will increase the gross lease area of Axis by 28 percent.

The plan is to fill the new cluster building with a gym, spa or salon, convenience store or pharmacy and are currently looking for locators.

“We already have several restaurants. What we’re looking for now are activities for our customers. We’re listening to their needs,” Suarez explained.

He estimates the schedule of building completion to be around the end of 2019 or early 2020.

Shared offices

One other thing that is currently in development at Vibo Place is a shared office space that is intended for startups, entrepreneurs, and freelancers.

Suarez said they have converted what used to be a serviced apartment spanning 800 square meters into small office spaces that can fit a minimum of three to five people. An events space and a bar are two unique features of the new facility.

According to him, shared office locators will have the advantage of a strategic address in Cebu City.

Tags Andre Allen Suarez, Axis Entertainment Avenue on Vibo Place, Country Basket, shared office space

Business Feature Food

The Abaca Group plans expansion while keeping quality of products

Post author By Marlen Limpag
Post date March 26, 2019
No Comments on The Abaca Group plans expansion while keeping quality of products

Amid baking challenges and overcoming the perception of being expensive, The Abaca Group has managed to achieve healthy growth—starting out in 2006 with a boutique resort + restaurant and expanding to eight brands with over 20 outlets in Cebu today.

Several more will be added to the number this 2019, including Red Lizard branches in Manila that will be opened through a franchising agreement, said The Abaca Group Founder Jason Hyatt.

“The only requirement for expansion is that customers can’t notice,” he added, citing the need to maintain the group’s exceptional food and service.

Chef Patrick Corpuz, Director for Business, credited their consistent growth to a strengthened team. The company is set to open another Abaca Baking Company in Ayala Center Cebu and Luncheonette outlets in SM City Cebu and Ayala Center Cebu.

Filipino restaurant at The Reef

The Reef Mactan Hotel and Residences, where Abaca plans to put up a Filipino restaurant, is also scheduled for completion and opening this year.

Mr. Hyatt said their vision for the Filipino restaurant is it should replicate home cooking and showcase local ingredients.

“Isn’t it strange that we don’t have Filipino restaurants in our hotels?,” he asked, adding that tourists who come to the country usually ask for places where they can try local food.

The Abaca Group founder also announced he has been tapped to handle the food and beverage management of the upcoming “apart’hotel” Citadines in Cebu City and has created a separate business for this purpose.

According to him, what they wanted to do was create partnerships with developers that will allow them to open commissary kitchens in hotels to aid in their expansion.

Expansion opportunities

To put up an Abaca Baking Company in other areas, added Mr. Hyatt, the challenge is to figure out how to make baked goods travel.

Since ABC prides itself in fresh breads and pastries, it needs to find a way to bake everyday and bring the products across great distances.

Partnerships with other businesses that will allow them to put up their own kitchens in hotels and similar developments will help solve this particular challenge, said Mr. Hyatt, adding that The Abaca Group will need such collaborations to grow nationwide.

Mr. Corpuz said they have several concepts in mind for additional brands that will probably be introduced in the next two years.

“We’re streamlining our product line and trying out different techniques,” he cited. The different Abaca outlets serve to cater to different business segments.

Challenges to growth

Through its growth years, The Abaca Group also had to contend with a reputation for being expensive.

While this has hounded them for a few years, Hyatt said they see it as working to their advantage now.

According to Corpuz, the typical business model of targeting a specific price point has worked well for their restaurants.

All through the years of serving quality and exceptional food, albeit at prices seen in the past as costly, the market is now finally ready for The Abaca Group.

Tags Abaca Baking Company, Chef Patrick Corpuz, Jason Hyatt, The Abaca Group

Business Feature Travel

Cebu Pacific starts Cebu-Shanghai route by April 15, offers 1 peso promo base fare

Post author By Marlen Limpag
Post date March 25, 2019
No Comments on Cebu Pacific starts Cebu-Shanghai route by April 15, offers 1 peso promo base fare

Cebu Pacific Cebu-Shanghai — TO SHANGHAI. Charo Logarta Lagamon, Cebu Pacific Director for Corporate Communications Corporate Affairs, announces the start of the Cebu-Shanghai route.

CEBU Pacific Air has opened a new international route to Shanghai from Cebu, offering promo base fare of 1 peso until the end of the company’s anniversary month of March.

Cebu Pacific’s Cebu-Shanghai and return flights will be six times weekly starting April 15, 2019.

Charo Logarta Lagamon said the new route will make Cebu a bigger international hub, as it also connects other Visayas areas like Dumaguete and Iloilo as well as Mindanao cities like Davao and Cagayan de Oro with Shanghai via Cebu. Logamon is Director for Corporate Communications Corporate Affairs of Cebu Pacific.

Logamon and Director for Marketing Blessie Cruz led today’s announcement in Hai Shin Lou in Marco Polo Plaza Cebu.

The new Cebu-Shanghai route increases the airline’s international destinations out of Cebu to six.

Cebu-Shanghai flight schedules

Cebu Pacific will fly the Cebu-Shanghai route six times weekly, departing Cebu every Monday and Friday at 6:45 p.m., every Tuesday and Thursday at 7:05 p.m., and every Wednesday and Saturday at 11:55 p.m. Flight arrives in Shanghai at 10:45 every Monday and Friday, 11 p.m. every Tuesday and Thursday, and 11:10 p.m. every Wednesday and Saturday.

Flights to Cebu leave Shanghai at 11:45 p.m. every Monday and Friday and 11:55 p.m. every Tuesday, Wednesday, Thursday, and Saturday. Arrival times in Cebu are: 4 a.m. every Monday and Friday and 4:10 a.m. every Tuesday, Wednesday, Thursday, and Saturday.

Cebu Pacific currently has a network of 37 domestic and 26 international destinations with 2,100 weekly flights.

What to do in Shanghai

Shanghai is a major industrial and commercial hub in China with quite a colorful colonial history.

That ancient network of trade routes called the Silk Route which connected East and West started out of Shanghai, and visitors can check out such attractions as The Bund, Yuyuan Gardens, and Shanghai Tower, added Lagamon.

Cebu Pacific said it is committed to growing the Cebu hub, by continually increasing flight frequencies and adding more domestic and international routes.

Tags Blessie Cruz, Cebu Pacific, Cebu-Shanghai, Charo Logarta Lagamon

Business Feature Travel

Lite Ferries launches bigger ship for Cebu City-Ormoc City route

Post author By Press Release
Post date March 24, 2019
No Comments on Lite Ferries launches bigger ship for Cebu City-Ormoc City route

A new and faster roll-on roll-off or RORO passenger ship will service the Cebu City to Ormoc City route starting Monday, March 25.

M/v Lite Ferry 19 will be launched tomorrow as the twin sister ship of m/v Lite Ferry 18. It was built in 2002 and is the youngest vessel to ply the Cebu-Ormoc route. It is also the fastest ship on the route, with a travel time of 4 and 1/2 hours.

The vessel is equipped with 2 new Ningbo diesel engines built in 2017, with a total power of 7,800 HP. It has a maximum speed of 16.8 knots and service speed of 15 knots.

Lite Ferries President and Chief Executive Officer Lucio E. Lim, Jr. said the ship is intended to improve their servicing of the existing Cebu to Ormoc route. The acquisition of the new ship is also part of Lite Ferries’ efforts to contribute to the modernization of the country’s shipping industry.

“This is in answer to the call of President Rodrigo Roa Duterte to modernize the Philippine domestic fleet. By the end of the year, 50 percent of our fleet will be either brand new or 20 years below upon acquisition,” Lim said.

A ceremonial ribbon cutting is scheduled during tomorrow’s launch aboard m/v Lite Ferry 19. Guests scheduled to join the ceremony are Senate President Vicente Sotto III, Labor Undersecretary Renato Ebarle, and Ormoc City Mayor Richard Gomez.

Lim will lead the launching together with COO Fernando A. Inting, VP for Ship Management Jonathan Lim-Imboy, Assistant Manager for Operations Jethro Lim-Imboy, and other members of the Lite Ferries management.

When it starts servicing the route, m/v Lite Ferry will leave Cebu City for Ormoc City at 11 a.m. daily and from Ormoc City to Cebu City at 11 p.m.

The company said in a press release that m/v Lite Ferry 19 has interior-designed accommodations with hotel like features and amenities including an air conditioned 40-seater restaurant, a fully stocked canteen that will open overnight, an information desk, and multi-purpose kiosk.

It has two economy passenger decks, tourist class, business class, and four executive cabin rooms that can accommodate a total of 856 passengers. Its deck pathways have bigger spaces than Marina standards and its facilities are compliant with international maritime standards.

Lite Ferries continues to improve its existing fleet by acquiring more vessels, with deliveries expected later in the year.

Lite Ferries’ main ticketing office is located at the Lite Ferries Corporate Building, Lite Port Center, M.J. Cuenco Ave., Barangay Tejero, Cebu City. For booking and inquiries, you may visit our website at www.liteferries.com.ph.

Tags Cebu-Ormoc, Lite Ferries, Lucio E. Lim, M/v Lite Ferry 19

Business Tech

Xiaomi launches stunning Redmi Note 7 in the Philippines

Post author By Press Release
Post date March 24, 2019
No Comments on Xiaomi launches stunning Redmi Note 7 in the Philippines

Xiaomi recently launched Redmi Note 7, the latest smartphone in the highly popular Redmi Note series. Redmi Note 7 continues the series’ tradition of featuring a large display and excellent battery life, and pushes smartphone photography to a new level in this price range. Redmi Note 7 will be available from March 27, with prices starting at P7,990.

“We are marking our second year in the Philippines inspired by our Mi Fans’ strong love of Xiaomi, which propelled us to become the best-selling brand in the biggest online sales events last year,” said Steven Shi, Head of Southeast Asia, Xiaomi Global.

“As we update our multi-brand strategy in January with Redmi becoming an independent smartphone brand, we are strengthening our commitment in the Philippines by launching the latest device under the superior quality yet extremely cost-effective Redmi brand, the Redmi Note 7. This comes with an 18-month warranty, making sure that Filipino Mi fans will be able to get the best out of the device,” he said.

Stunning all-new design

Redmi Note 7 marks the greatest shift in design in the series, sporting a new premium style with the front and rear covered in Corning Gorilla Glass 5. The gorgeous 19.5:9 Dot Drop display measures 6.3 inches diagonally and has an FHD+ resolution of 2380 x 1080. The Redmi Note 7 screen’s high pixel density and accurate colors (84% NTSC color gamut) offers one of the finest visual experiences in its class.

Class-leading camera for amazing photos even in low light

On the back, Redmi Note 7 sports the Samsung ISOCELL Bright GM1 backside illuminated CMOS sensor that has 48 million physical pixels. When taking pictures, the sensor uses Samsung’s Tetracell technology that merges four pixels to work as one large 1.6µm pixel. This greatly increases light sensitivity and makes the resulting 12MP image much brighter and clearer, even in low-light conditions.

Xiaomi couples Redmi Note 7’s cameras with the latest AI features, including the night mode photography feature that was introduced along with Xiaomi’s flagship Mi MIX 3, as well as AI scene detection, AI beautify and AI portraits that allow users to create amazing photos with ease.

Mr. Peaker Gao, Country Manager, Xiaomi Philippines

Uncompromised performance and battery life

Redmi Note 7 is powered by the Qualcomm Snapdragon 660 AIE SoC, with a 2.2GHz maximum clock speed, ensuring uncompromised peak performance when playing games and processing data.

Redmi Note 7 carries on the Redmi tradition of excellent battery life with its large 4000mAh battery, which will last over a day for almost all users. Recharge via the USB Type-C port, and enjoy shorter charging times thanks to support for Qualcomm Quick Charge 4. Redmi Note 7 also includes an IR blaster capable of controlling numerous home appliances, such as televisions or air conditioners. In addition, it comes with Smart PA audio for louder and higher-quality sound.

Built to last

Redmi Note 7 is built to be reliable, designed to last so users can use it worry-free for longer. It features Gorilla Glass 5 on the front and back, making it less vulnerable to damage from drops. Corners on the chassis are also reinforced, further improving durability. In addition, buttons and ports come with watertight seals to lessen the impact of accidental splashes that may occur in everyday use.

Redmi Note 7 will come in Space Black, Neptune Blue, and Nebula Red, and will retail at P7,990.00 for the 3GB+32GB version, P9,990.00 for 4GB+64GB, and P11,490.00 for 4GB+128GB. The first 100 customers who will purchase the device online will get Mi in-ear basic earphones and t-shirts. It will be available on Lazada and Mi Authorize Stores. (Press Release)

Tags Redmi Note 7, Steven Shi, Xiaomi

Business

TOA Global opens in Cebu, seeks accounting professionals

Post author By Press Release
Post date March 6, 2019
No Comments on TOA Global opens in Cebu, seeks accounting professionals

A large number of accounting firms in Australia, New Zealand and the United States are looking to hire accountants, bookkeepers, finance professionals and other support roles. Due to the steady demand for different offshore roles, TOA Global anticipates more positions to open in the coming months.

“2018 has been an awesome year for TOA Global. We’ve witnessed an enormous amount of growth—we’re now at over 1,000 accounting and support professionals. This year, we are amplifying our efforts to bring more awesome opportunities to people here in Cebu,” said TOA Global Founder and Chairman Nick Sinclair.

Cebu talent

“The amount of talent here in Cebu is astounding. As a matter of fact, during the last CPA board exam, 11 of the highest scorers are from universities in Cebu. That’s an awesome indicator of the quality of professionals we can tap for our clients,” Sinclair said.

A market leader in dedicated outsourcing solutions for accounting firms. TOA Global is continuously on the lookout for talented professionals. The introduction of the Cebu facility is part of its continued efforts to establish a footprint in the country’s major economic hubs.

Currently, the company houses more than 1,000 employees in its one Manila office and three Clark sites. Construction of another building in the Philexcel compound in Clark, Pampanga is ongoing. The Cebu facility brings to six TOA Global’s base of operations.

Australia training

Thanks to the opportunities made available by TOA Global, several of its Luzon-based employees have already been sent to Australia for training and leisure. It’s only one of the many perks accounting professionals enjoy at the company.

TOA Global aims to bring these sought-after global career opportunities previously available only to those in Luzon to exceptional Filipino accounting professionals in the Visayas and Mindanao region who wish to explore broader career paths.

The thriving business process outsourcing (BPO) industry in Cebu—bullish economy and upbeat atmosphere—gives accounting professionals more reasons to explore career opportunities here, like work-life balance, enhanced learning, skills development, and global career advancement.

Ideal offshoring destination

“Our expansion reinforces the fact that the Philippines is an ideal offshoring destination. The influx of job requests from enterprises not just in Australia but other countries like the UK, New Zealand, and the US, shows that businesses value the work ethic, skills, and knowledge of Filipino professionals,” said TOA Global CEO Craig Mansell.

A significant factor in the company’s robust growth is its focus on people. Empowering its employees through platforms for learning and development has allowed TOA Global to provide excellent services to its clients and create more opportunities for local professionals.

“We are always on the lookout for highly talented and motivated professionals who aspire to grow in their careers,” said Mansell. “If you think you are one of the A-players we are looking for, join us today.”

Interested applicants can send their applications to [email protected]. They can also view available job openings on the official website, https://toaglobal.com/job/.

Tags accounting, TOA Global

Business

Professionals in Philippines have better work-life balance than those in Singapore, Malaysia: study

Post author By Press Release
Post date February 28, 2019
No Comments on Professionals in Philippines have better work-life balance than those in Singapore, Malaysia: study

Filipinos have some of the best experiences of work-life balance in Southeast Asia, according to a new study by recruitment portal Monster.com. Nearly two thirds (65%) of working professionals in the Philippines said they are generally satisfied with their current work-life balance, although 28% said they would like more options to spend time with their friends and family.

The study found 41% of Filipino professionals feel “content” with the balance of their personal and professional lives – significantly higher than employees in Singapore and Malaysia, where just 24% and 32% respectively reported feeling the same way.

● 41% of Filipinos feel ‘content’ with their balance between personal and professional lives.
● 59% of professionals said having flexible working hours that are suited to their lives and needs is a key aspect of work-life balance.
● 44% said their managers are supportive and understand that there is life beyond work

#WorkLifeBalance campaign

The data was gathered from more than 1,000 respondents across Singapore, Malaysia and the Philippines as part of Monster’s #WorkLifeBalance campaign, which aims to explore working professionals’ sentiments around work-life balance and raise awareness among employers as to what aspects of work-life balance are most valued by their employees.

The major aspect of work-life balance for Filipino professionals is having flexible working hours that are suited to their lives and needs (59%). Beyond this, Filipinos want to be able to leave work on time (51%), while 47% say they simply strive to find the right blend between work and life.

On the employer side, bosses in the Philippines were more accepting of work-life balance, with 32% offering official flexi-work policies – this is more than double the numbers reporting the same across Singapore and Malaysia. An impressive 44% of Filipino respondents said their managers are supportive of them finding balance – once again trumping Singapore (23%) and Malaysia (31%).

Overall, almost half of respondents across all three countries rated their current overall work-life balance as “average, but could have more balance”. More than 80% felt good work-life balance can enhance productivity and positively impact the business.

Positive impact on business

“The Philippines is considerably ahead of its Southeast Asian peers in terms of fostering a workforce that is satisfied with the equilibrium between their professional and personal commitments. This has a positive impact on the business, increasing engagement and boosting happiness levels, which in turn encourages higher productivity and overall business growth,” said Abhijeet Mukherjee, CEO, Monster.com – APAC & Gulf.

“A supportive company culture, understanding managers, and clearly communicated initiatives go a long way in helping employees cultivate better balance. As more professionals seek non-financial incentives, employers need to be proactive in taking necessary steps to attract and retain quality talent.”

Online recruitment platform Monster.com is launching its first #WorkLifeBalance campaign this March, aiming to highlight the the importance of ensuring that professional responsibilities do not overpower other aspects of the lives of employees, and to encourage employers to formulate policies which promote a wholesome, complete and harmonious life.

Please see this infographic for a full breakdown of the survey findings. (Press Release)

Tags #WorkLifeBalance, Monster.com

Business Feature Tech

POSIBLE brings digital payments, financial tech to neighborhoods

Post author By Max Limpag
Post date February 26, 2019
No Comments on POSIBLE brings digital payments, financial tech to neighborhoods

POSIBLE Cebu — CEBU LAUNCH. POSIBLE CEO JG Puzon during the launch of their financial technology platform in Cebu City.

Rather than drive to a mall and get stuck in traffic to pay your VECO dues, you can soon just go to your nearest sari-sari store that has a POSIBLE system in place and settle your electricity bill there.

POSIBLE is a Filipino financial technology company that seeks to drive financial inclusion by bringing these services to communities by working with micro, small, and medium enterprises (MSMEs).

“We are talking micro – sari-sari stores, your neighborhood bakeries, auto shops. We are community-based as opposed to those that you can see in the mall. Our thrust is inside the community, your neighbor,” said POSIBLE CEO JG Puzon.

Digital payments centers

Puzon was in Cebu last February 19 to formally launch the system here.

POSIBLE is a system that allows small neighborhood businesses to become digital payments centers.

Those interested to become agents can sign up by paying P45,000 for the package, which comes with the device and marketing materials. After that, they will need to pay P150 as monthly fee.

The device is “Filipino-developed and very localized. It was designed to work with how small Filipino entrepreneurs do business,” Puzon said.

The device offers more than 300 services from bills payment, remittances, prepaid loading, bus ticketing, bank deposits and even government transactions for NBI clearances, SSS, birth certificate and passport payments.

POSIBLE Veco — **PAY VECO.** Among the utilities you could pay using the POSIBLE device is VECO, the power company servicing Metro Cebu.

Bridging the gap

“We want to make the digital world accessible to people who do not necessarily have access to digital. A lot of people have smartphones but they don’t have bank accounts. This bridges that gap,” Puzon said.

He said the system allows stores to become online shops because they are able to sell via a catalogue and purchases are then delivered to their location.

Puzon said there are 3,200 POSIBLE agents nationwide, mostly concentrated in the General Metro Manila area, where they started in 2016. There are 50 agents in Cebu and, after last week’s formal launch, they are targeting 100 in the next 3 months. They are then planning to get 30 to 40 new agents per month as well as expand to nearby areas like Bohol and Dumaguete.

Puzon said they are confident with the prospect of the system in Cebu, which shares a lot of problems with Manila, especially on traffic. He said the ability to pay and transact in your neighborhood will be a big help to consumers.

Like any business, Puzon said potential earnings depend on things such as location and efforts put in by the business owner. The average earnings of their agents run to P4,000 to P5,000 a month. Some, however, earn as high as P30,000, he said.

Expand quickly

POSIBLE has now processed more than P5 billion worth of transactions, the company said in a statement.

Partnering with POSIBLE will help companies expand quickly throughout the country, Puzon said.

“It’s like having 3,200 branches right away. You can imagine how much it costs them to put up a branch – you rent a place, put a security guard, pay workers, put up aircon, etc. If they go on board with us, they are immediately nationwide,” Puzon said.

“It works both ways, it helps the small entrepreneurs, it also helps the big service providers,” he added.

Tags Digital payments, financial technology, JG Puzon, POSIBLE

Business Feature Tech

If everyone has gone digital, how do you stand out? Accenture report points way

Post author By Max Limpag
Post date February 22, 2019
No Comments on If everyone has gone digital, how do you stand out? Accenture report points way

TECH VISION BRIEFING. Reporters in Cebu join via video-conference a briefing on the Accenture Technology Vision 2019 by Managing Director and Digital Lead in the Philippines JP Palpallatoc.

Digital is no longer a differentiator for enterprises but “the price of admission to do business,” a top official of a global technology company said in a briefing on Tuesday.

Digital technologies are already an expectation and no longer a differentiator, said JP Palpallatoc, Managing Director and Accenture Digital Lead in the Philippines in a briefing for media.

“Now that everybody is doing digital, what will differentiate you?” Palpallatoc said in a briefing in Manila and connected via video conferencing with one of their offices in Cebu City.

Palpallatoc gave an overview on key technology trends in the next few years as identified by the Accenture Technology Vision 2019 report. He said the time we are in is “post-digital,” because using technologies is already a given in the enterprise.

“Just as people no longer say they live in the “age of electricity,” the days of calling something digital to insinuate that it is new and innovative are numbered,” Accenture said in its report.

The company said the “post-digital” era means companies need to “double down on completing their digital transformations to get the most value from those investments—and at the same time, turn a strategic eye toward what’s next.”

What’s next, Palpallatoc said, are a new set of technologies that will make a major impact in the next 3 years.

1) New technologies

Accenture lists these technologies as DARQ for Distributed ledger or blockchain, Artificial intelligence, extended Reality, and Quantum computing.

“Future-minded leaders know that mastering the next set of technologies will give them every advantage,” the company said in a video clip explaining DARQ.

Palpallatoc cited as example Volkswagen, which “uses quantum computing to study traffic flow optimization analysis and looking into the chemical structure of batteries to find out how to make better ones.” He said they are also using AI for its vehicles and extended reality through googles that guide its workers in repairing units.

Volkswagen also extensively uses the blockchain to increase the security of its system as well as for payments. Palpallatoc cited UnionBank of the Philippines as a local company “deep into the blockchain,” using it to connect rural banks and for internal processes.

2) Technology identity, individualized experiences

People’s use of technology creates an identity that enriches their demographic, which can then be tapped to created individualized experiences, Palpallatoc said.

“In the past, what we talked about in getting to know your consumer was called personalization. We used traditional demographics – are you female are you male do you live here, etc? ” he said.

“What we’re seeing from a post-digital area is going beyond personalization to individualized experiences and leveraging technology identity. These are the technology choices that individuals make as well as how they are using those technologies. That information is being used to enrich the demographics,” he said.

The Accenture report said 83% of respondents found that digital demographics allow them to identify unmet needs of customers.

Palpallatoc cited as example the SlicePay lending platform in India that targets unbanked students. By going over their social media for information on the vacations that they take or the restaurants they visit, they are able to identify to whom they lend money.

Another use case is the John Hancock Vitality Program, an insurance package that uses wearables like smartwatches to offer consumers discounts on their premiums if they meet fitness goals.

3) Empowered human workers

Empowered by technology and with improved skills and expertise, workers are becoming “human+,” said Palpallatoc.

“In a post-digital era, people are still central to the innovation agenda. We need to keep people front and center,” he said.

He said technologies like AI, analytics, extended reality are extending the capabilities of employees. Companies, however, “still recruit, hire and manage for the workforce of years past,” according to the Accenture study.

Palpallatoc said, “71% of respondents said digital workers are more mature now compared to their organizations. Workers are waiting for the company to catch up. There is a need for company to change the way they organize their work to be able support the human+ workers and enable them.”

He cited as example the use by Unilever of technology and AI for interviews and assessment of entry-level hires. This resulted in a 90% increase in job applications and the shortening of time it took to fill the job from 4 months to a few days, he said.

4) Ecosystem security

Enterprises have found that security today requires that they also keep an eye out beyond their premises.

“In the past, their approach to security was my company first, secure your walled garden, make sure nobody gets in,” Palpallatoc said. “What we’ve seen with the advent of ecosystems is that you cannot just protect yourself, you need to protect each one of your ecosystem as well.”

Security is a team sport and enterprises have to protect each other, he said.

He cited as example the decision by Netflix to open source its security tools.

5) My Markets

Technology and data now allow companies to customize products and services and deliver them fast and on demand, Palpallatoc said.

This trend is “about using technologies like IOT (internet of things) on being able to capture the reality at that point in time and being able to respond,” he said.

“Technology is creating a world of intensely customized and on-demand experiences, and companies must reinvent their organizations to find and capture those opportunities,” Accenture said in its report.

The company reported that 85% of executives they surveyed said “that the integration of customization and real-time delivery is the next big wave of competitive advantage.”

Palpallatoc cited as example of hyper-customization a beverage company in India that offers different flavors depending on where these are sold. He said the company even has a custom flavor sold only for a few days a year – during a festival.

Tags Accenture, Accenture Technology Vision 2019, JP Palpallatoc

Business

Megaworld to further expand lifestyle malls footprint this year

Post author By Press Release
Post date February 12, 2019
No Comments on Megaworld to further expand lifestyle malls footprint this year

Festive Walk Iloilo — FESTIVE WALK. During the second half last year, Megaworld opened its first full-scale lifestyle mall in Iloilo Business Park, the P2.2-billion Festive Walk Mall, offering around 90,000 square meters of retail spaces.

Property giant Megaworld is expanding its commercial retail portfolio this year, with the opening of 11 commercial properties across its townships all over the country.

By end of the year, the company will open new retail spaces in Iloilo Business Park in Mandurriao, Iloilo City; Alabang West along Daang Hari in Las Piñas City; McKinley Hill and Uptown Bonifacio, both in Taguig City; Arcovia City in Pasig City; Boracay Newcoast in Boracay Island, Aklan; and Davao Park District in Lanang, Davao City.

These new commercial properties cover around 54,000 square meters in gross floor area.

“The biggest chunk of the new retail spaces will be in Uptown Bonifacio, as we embark on an expansion of our new retail row in front of Uptown Mall and Uptown Parade. We are also launching a new retail development inside Arcovia City, our newest and must-visit township along C-5 in Pasig fronting Valle Verde. Down south, there is something exciting coming up in Alabang West, which is part of our Beverly Hills-themed commercial row,” said Kevin L. Tan, Megaworld chief strategy officer.

During the second half last year, Megaworld opened its first full-scale lifestyle mall in Iloilo Business Park, the P2.2-billion Festive Walk Mall, offering around 90,000 square meters of retail spaces. It also opened three new community malls in Alabang and Makati, namely, The Village Square in Alabang, Muntinlupa City; Three Central in Valero Street, Salcedo Village, Makati City; and San Lorenzo Place in EDSA corner Chino Roces Avenue, Makati City. These three new commercial centers offer around 26,500 square meters in retail spaces.

“Every mall that we build has curated spaces that evoke the character of the township where it is located. We want to create commercial properties that are not just for shopping and dining, but those that help drive tourism,” said Tan.

By yearend, Megaworld’s commercial retail footprint will reach around 771,000 square meters, with presence all over Metro Manila, Luzon, Visayas and Mindanao.

Tags Iloilo Business Park, Kevin Tan, Megaworld

Business Feature News

Cebu-Cordova bridge done by 2021; CCLEC signs P19B loan agreement

Post author By Max Limpag
Post date February 10, 2019
No Comments on Cebu-Cordova bridge done by 2021; CCLEC signs P19B loan agreement

CCLEX loan agreement — LOAN FACILITY. Representatives pose with the finance documents after the signing of the P19 billion loan agreement.

The Cebu-Cordova Link Expressway (CCLEX) is on track to be finished by mid-2021 and will transform the economy and social landscape of Cebu, according to officials of the company undertaking the project.

The Cebu Cordova Link Expressway Corporation (CCLEC) signed on February 7 a P19-billion loan and security agreement with 6 banks: Rizal Commercial Banking Corporation, Development Bank of the Philippines, Robinsons Bank Corporation, Union Bank of the Philippines, Bank of the Philippine Islands, and Security Bank Corporation. CCLEC is a subsidiary of the Metro Pacific Tollways Corporation (MPTC).

The total project cost of CCLEX is projected to be P30B. The rest will be funded by MPTC through equity or supplemental loans, said MPTC President and CEO Rodrigo Franco.

Vote of confidence as investment destination

“This financing facility is also a vote of confidence for the attractiveness of the City of Cebu and the Municipality of Cordova as investment destinations,” Franco said. “The CCLEX is expected to transform the economic and social landscape of Cebu.”

CCLEC President and General Manager Allan Alfon said in welcoming guests to the signing that he looked forward to the ceremonial drive-through to mark the opening in a little over 2 years.

Construction of the CCLEX started last July 5 and all 21 piles of the main bridge’s Tower 2 have been completed while 17 of the 21 piles at Tower 1 have been constructed. These, the company said, form part of the bridge’s main foundation.

Cordova Mayor Mary Therese Sitoy-Cho said her town has been preparing its people and implementing infrastructure projects ahead of the completion of the 3rd bridge.

Outstanding partnership model

Francisco Fernandez, executive assistant of Cebu City Mayor Tomas Osmeña, said they could see the project “from our 8th floor office and we would testify that things are progressing very well. ”

Fernandez spoke for Osmeña during the signing and said the Cordova-Cebu City bridge was an “outstanding model for public-private partnership.”

“First, it reflects our philosophy that government should only provide a service that the private and civic sector are unable or unwilling to do so. Metro Pacific and all the other entities are willing to fill a need so please go ahead then we can reserve our resources for the other needs of our citizens.” Fernandez said.

The project is also a “model of bipartisan support.”

“This was approved by the previous administration and continued by the present administration and today it is receiving unanimous support from the council and all the other government and non-government agencies. It is a fantastic example of what unity can do,” he said.

“Most of all, it is outstanding because the taxpayers do not pay for this project, it is the users. Those people who are not willing or are unable to use this project, they do not have to pay for it. In fact, the City of Cebu and the Municipality of Cordova are not going to spend a single centavo of taxpayers’ money for the bridge,” he said. Instead, they will earn from this project.

3rd bridge Adelino Sitoy — **MORE INFRA PROJECTS FOR CEBU.** Secretary Adelino Sitoy of the Presidential Legislative Liaison Office talks about other infrastructure projects being undertaken in preparation for the 3rd bridge.

More infra projects

Secretary Adelino Sitoy of the Presidential Legislative Liaison Office said that as part of the preparation of the bridge, government has started to build a coastal highway from the CCLEX approach in the Cordova side to the Gabi Bridge “in order to be nearer to the beach areas of Lapu-Lapu.”

Sitoy said P187 million has already been released for the project with a further P400 million to be disbursed soon. He said what is needed after this would be a skyway to connect the bridge to the passenger terminal of the Mactan Cebu International Airport.

And there’s more, said Sitoy, who shared that he had been dreaming about the 3rd bridge for close to 30 years.

“We look forward to another bridge, to Getafe in Bohol from Cordova,” Sitoy added.

Tags Adelino Sitoy, Allan Alfon, Cebu Cordova Link Expressway, Cebu Cordova Link Expressway Corporation, Mary Therese Sitoy-Cho, Metro Pacific Tollways Corporation, Rodrigo Franco

Business Motoring

Toyota introduces entry-level, top-quality Vios XE sedan

Post author By Press Release
Post date January 22, 2019
No Comments on Toyota introduces entry-level, top-quality Vios XE sedan

The Toyota Vios is the best-selling subcompact sedan in the Philippines. With the recent introduction of the Vios XE, Toyota Motor Philippines (TMP) further strengthens the line’s hold on the market.

Created to provide customers with an entry-level but top-quality sedan with Continuously Variable Transmission (CVT) that is easy to own at 735,000 SRP, the Vios XE is aptly named for being Xtra Economical, Xtra Efficient, and Xtra Easy to Drive.

“Now more than ever, Filipino drivers will get to experience the comfort of automatic transmission while enjoying all the hallmark features of the Toyota brand,” said TMP First Vice President Cristina Arevalo.

Under the Vios XE’s hood is the tried-and-tested 1.3L Dual VVT-i engine, which has proven itself to be a preferred powertrain for fuel efficiency. The XE also shares the same safety features present across all Vios variants: a 5-star ASEAN New Car Assessment Program (NCAP) rating, 7 SRS airbags, Vehicle Stability Control, Hill Start Assist, and Anti-Lock Brake System.

With the Vios XE, drivers can relax on the road with their carefully curated playlist as the newly introduced variant comes equipped with a touch screen 7” Display Audio with CD/MP3, weblink for both iOS/Android, as well as Bluetooth, USB, and AUX connectivity. In addition to its continuously variable transmission, the Vios XE makes the daily city drive easier with power steering, front and rear power windows, and power door locks.

“As a testament to the quality, durability, and reliability of its entire model lineup, Toyota brings together a new variant that combines the signature elements of an enduring automotive icon,” Arevalo added. “And because it’s a Vios, customers can still expect to get the most out of their investment with the high resale value and reasonable maintenance cost that the model has been known for.”

The SRP for the current Vios lineup including the XE variant is as follows.

Vios Variant	SRP
1.5 G Prime A/T	1,095,000
1.5 G A/T	1,040,000
1.5 G M/T	981,000
1.3 E Prime A/T	933,000
1.3 E A/T	878,000
1.3 E M/T	828,000
1.3 XE	735,000
1.3 J M/T	685,000
1.3 Base	659,000

The new Toyota Vios XE comes in 4 colors: Thermalyte, Red Mica Metallic, Freedom White, and Alumina Jade Metallic—now available in all Toyota dealerships nationwide.

For more information on the Vios, visit TMP’s official website at www.toyota.com.ph or join the official Facebook group at www.facebook.com/ToyotaMotorPhilippines.

Tags Toyota Motor Philippines, Toyota Vios, Vios XE

Business Feature Lifestyle

Co-working facility Workplace Cafe opens new branch in Banawa

Post author By Marlen Limpag
Post date January 9, 2019
No Comments on Co-working facility Workplace Cafe opens new branch in Banawa

Sturdy desks, comfy seats, high-speed fiber internet, soft music, warm lights, abundance of power outlets, plus good food and coffee, the WorkPlace Cafe in Banawa, Cebu City is designed as a place where one can be most productive.

Couple Aden and Gretchen Sigue were looking to start another line of business and came upon the Workplace Cafe in Ramos St., Cebu City.

Mr. Sigue said they reached out to the Workplace Cafe owners and suggested a franchise agreement.

Co-working cafe

Kristoff Villanueva, CEO of the company that owns the brand, said the facility is intended as a co-working cafe for students, creative sector, and freelance community.

“The Workplace Cafe is meant as a space for study and work within a coffee shop experience,” he said during the grand opening of the Workplace Cafe in Banawa yesterday, July 8, 2019.

Since the best ideas always come about when one is well rested, the facility provides a power nap station that allows customers to relax or doze off on comfy bean bag seats.

The newest cafe is only its second branch, added Villanueva, chief executive officer of Rise and Grind Equity Ventures, Inc. They plan to open a third Workplace Cafe, company-owned this time, in Mandaue City by next month.

Workplace Cafe Banawa

Workplace Cafe Banawa, located at Unit 2, Autogas Station, R. Duterte St., is open from 10 a.m. to 6 a.m. the following day. It offers three options for customers: hourly, daily, and monthly.

The hourly rate is only P50 and it comes with complimentary beverage of either iced tea or brewed coffee. Additional hour costs P35. A customer who orders a handcrafted beverage automatically gets a free stay of one hour.

If you choose to stay for the day, you pay only P280. This also comes with one complimentary drink. Mr. Sigue said customers who opt for the daily rate need only to add P70 to have access to unlimited coffee.

Customers may also avail of the monthly rate of P4,000, which is inclusive of locker use.

Cafe menu, amenities

The Workplace Cafe in Banawa all-day breakfast sets, several kinds of pasta, and short orders that range from green salads, fries and chicken wings, to pastries.

It can accommodate 120 customers and has two function rooms for those who wish to hold meetings and sessions. One function room can seat up to 10 people while the other can host up to 16. Rates start at P550 for the first hour and P450 for succeeding hours and come with one-time credits of P200 consumable on food and drinks.

Since it first opened along F. Ramos St. last November 2016, the Workplace Cafe has adopted a Plant and Grow program. For every bag of Bukidnon-sourced Hineleban coffee beans consumed, a tree is planted in return.

WorkPlace Cafe power nap station — The power nap station.

Tags co-working, Kristoff Villanueva, WorkPlace Cafe

Business Lifestyle

Bo’s Coffee turns Capitol branch into tribute store

Post author By Max Limpag
Post date December 18, 2018
No Comments on Bo’s Coffee turns Capitol branch into tribute store

Bo's Coffee Capitol Steve Benitez — SHOWCASE THE BEST. Bo’s Coffee founder Steve Benitez discusses the concept behind the tribute store during opening of the first such branch – Bo’s Coffee Capitol.

Bo’s Coffee, a brand known for its promotion of Filipino coffee, has opened its first tribute store in its hometown in Cebu.

A tribute store, according to founder Steve Benitez, is a flagship branch that offers people a new coffee experience. He said the concept took 3 years to plan and was meant to “showcase the best of what we offer.”

The company picked Bo’s Coffee Capitol branch – the first Bo’s outlet, explained Benitez – for its first tribute store because it is “about paying tribute to our roots here in Cebu.”

Bo’s Coffee expansion

Benitez founded Bo’s Coffee in 1996 and has since expanded throughout the country. It recently expanded overseas by opening 5 stores in Qatar. Bo’s plans to have 200 stores and be present in 5 countries by 2020.

Central to the tribute store concept is the coffee bar. Specially trained baristas are able to prepare coffee using Philippine beans in various ways – from cold drip to pour over.

Cold drip coffee — **COLD DRIP COFFEE.** Potent brew that takes about 8 hours to prepare. This one you drink on ice.

“The tribute store is where you can experience the best coffee in the Philippines,” he said.

It serves coffee made from coffee beans handpicked in Sagada, Benguet; Mount Kitanglad in Bukidnon; Mount Matutum in South Cotabato; and Mount Apo.

Purple Midnight Bo's Coffee — **PURPLE MIDNIGHT.** Tasty iced tea with wild hibiscus and blue ternate. This you must try.

Bo’s coffee bar

“Our version of a perfect blend is not only the sensuous taste and aroma of Philippine coffee but also the overall presentation of Philippine culture – its indigenous and nearly forgotten products, Filipino music and artistry, and even Philippine-grown tea,” Benitez said in a press statement.

Apart from just preparing your drink, the baristas at the tribute store’s bar can interact with customers and talk coffee with them.

Benitez said they are trying out the concept here with the plan of replicating it in other areas such as Manila.

Bo's Coffee — **COFFEE BAR.** At the bar, you can order coffee made from Philippine beans and prepared various ways by specially trained baristas.

“We will continue to work on giving the best customer experience,” Benitez said.

The store also highlights products by social enterprises they partnered with. The interiors highlight the work of local artisans such as renowned designer Kenneth Cobonpue.

Bo's Coffee Steve Benitez — **BEST OF THE PHILIPPINES.** Steve Benitez says the tribute store is the company’s way to “showcase the best of Philippine artistry and talent.”

“We want to showcase the best of Philippine artistry and talent in the most ambitious project we ever had. The tribute store will be the commemoration and statement of the brand’s promise that this homegrown brand will continue to pave empowerment to the communities we serve,” Benitez added.

Bo’s Capitol has 300 square meters of space and can seat up to 110 persons. It is open daily from 7 a.m. to 1 a.m.

Tags Bo's Coffee, Steve Benitez