corporate

Cebu Landmasters’ posts record high 9-month earnings, up by 77 percent to P1.6 billion

November 15, 2019

Cebu Landmasters (CLI) continues its leadership in the VisMin region, with consolidated net income rising by 59 percent from Php 1.2 billion to Php 1.9 billion year-on-year. Net income attributable to parent meanwhile grew significantly by 77 percent from Php 932.7 million to Php 1.65 million driven by substantial increase of revenue from CLI projects. The leading housing developer in the Visayas-Mindanao region declared revenues of Php 5.9 billion from the previous year’s record of Php 3.7 billion. CLI attributed the outstanding results to the strong performance of its mid-market residential segment, which accounted for 36 percent of the total revenue pie. Casa Mira, the company’s economic residential brand, and high-end segment contributed 32 percent and 29 percent, respectively. CLI Chief Executive Officer Jose Soberano III says: “Our fast-selling projects give us confidence that we will achieve our topline and net income growth targets for the end of the year. The numbers reflect our operational excellence and commitment to responsible development.” CLI launched nine major developments in 2019: Davao Global Township – Phase 1 (Davao); One Paragon Place (Davao), Citadines Paragon Davao (Davao); Citadines Bacolod City (Bacolod); MesaVirre Garden Residences C (Bacolod); Casa Mira Bacolod (Bacolod); Velmiro Plains Bacolod (Bacolod); Casa Mira Towers CDO (CDO); and Mivela Garden Residences (Cebu). CLI said the Mivela project set new records with 80 percent of the project sold in just three weeks from launch date. Projects in the company’s headquarters in Cebu made up 58 percent of the period’s revenue contributors, followed by developments in Bacolod and Cagayan de Oro with 13% and 12% earnings input, respectively. In Q3 2018, revenue contributors after Cebu (with 61% revenue contribution) were Cagayan de Oro with 19 percent and Davao with 14 percent. CLI’s leasing portfolio grew by 29 percent to Php 46.72 million from Php 36.20 million year-on-year. This is attributed to the increase in Gross Leasable Area (GLA) following the recent turnover of Base Line Retail and HQ and Casa Mira Towers Labangon. Aggregate GLA for the period now reached 13,806 square meters while occupancy rate rises to 84%. Management fees on the other hand, more than doubled from 11.2 million to 26.9 million due to the increase of the number of developments managed by CLIPM, the property management arm of CLI. The said firm now oversees 17 projects, eight of which are house and lot subdivisions while the rest are offices and residential condominiums. The third quarter also marked the operations of CLI’s first hotel representing a new revenue stream. As scheduled, Citadines Cebu City, a 180-room condotel opened in September. It is operated and managed by Ascott Limited, the world’s largest international serviced residence owner-operator. As an indicator of future revenue growth, the nine-month reservation sales take-up rose by 29% year on year to P9.24 billion. About 3,472 units were taken up at an average price of Php 2.7million. Meanwhile, CLI continues to expand its landbank to support its expansion program. To date, CLI holds a total of 1,245,276 sqm of land in 10 key VisMin cities. Part of its recent acquisitions is an existing resort in Mactan, Cebu with a land area of 18,000 sqm. The resort will be re-developed to also integrate a residential component.   CLI purchased a 9.4-hectare property in Ormoc and 28 hectares in Davao that will be developed into residential projects. The company also acquired 11,000 sqm of land in Bacolod City, adjacent to its existing three-tower condo project, the MesaVirre Garden Residences. During the year, CLI also signed a strategic partnership with AboitizLand, the real estate arm of Aboitiz Equity Ventures, to develop a mid- market, mixed-use, multi-tower condominium project in Mandaue City. During the 7th Annual Property Guru Philippines Property Awards last July, Cebu Landmasters was awarded as the Best Developer. Other honors were also given to the company’s projects—38 Park Avenue development, named Best High-End Condominium Development (Cebu); Casa Mira Towers Labangon as Highly Commended for Best Affordable Condominium Development (Cebu); and MesaTierra Garden Residences as Best Condominium Development (Davao)and special recognition for Corporate Social Responsibility.

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Magic Cracker surprises CDO with Magic Moments

November 8, 2019

Jack ‘n Jill Magic Crackers continues to surprise and give joy to the snack-loving Filipinos.   This time, through a retro arcade-themed Magic Moments event in Limketkai Mall, Cagayan de Oro last October 12, 2019.   Magic Moments brought people back in time with its retro-themed photo booth and fun arcade activities.  Mall-goers enjoyed the Magic Hoops: a basketball free-throw game, Onion Chives Surprise: an old school arcade attraction, and Apat Dapat booth: a slot machine-inspired game.    The best part was how participants were able to take home their favorite Magic Flakes products as prizes. Participants were also treated to a surprising Magic Moment when all four lightning icons of the Apat Dapat booth matched.    First, loads of Magic Flakes products came out of the Apat Dapat booth as prize. Then, an energetic dance flash mob by the Magic Squad surprised and entertained the audience.    Three lucky participants experienced this Magic Moment and won special prizes. Those who were present during the Magic Moment also went home with big smiles as they also received Magic Crackers giveaways after the flash mob dance.   Check out Magic Crackers’ Facebook account (@MagicCracker) to see how the Kagayanons experienced this Magic Moment. Watch out for more surprises from Jack ’n Jill Magic Crackers. You never know… the next Magic Moments might just come to your neighborhood!  Universal Robina Corporation’s (URC) Jack ‘n Jill Magic Crackers has been delighting Filipinos with its different cracker formats - Magic Flakes in plain, cheese and onion chive flavors; Magic Creams in butter, chocolate, peanut butter and condensada flavors; Magic Juniors in plain, chocolate, butter & berry and condensada flavors; and Magic Chips in cheese and barbecue small and big packs, as well as sour cream ‘n onion in small packs.

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From classroom to cockpit: Cebu Pacific welcomes second batch of Cadet Pilots

November 5, 2019

Search for next batch of Cebu Pacific Cadet Pilots opens A second batch of Cadet Pilots from Cebu Pacific successfully completed 56 weeks of rigorous and complex training at the prestigious Flight Training Adelaide (FTA) in Australia and are set to join the pilot corps of the Philippines’ leading carrier. The second batch of 12 Cadet Pilots returned to Manila and will complete ground school and other requirements before becoming full-fledged commercial pilots. They are: Neil Mark Enriquez, David Jonathan Francisco, Norman Viktor Tugot, Jr., Orville Anana, Maria Angelica Ignes, Jerson Leonardo, Michelle Jean Saquing, Christian Andrew Esguerra, Kert Rafols, Terence Cruz, Tristan Gacott, and Ferdyn Ranosa Among those who completed the FTA flight training program is Boljoon, Cebu resident Orville Anana, a certified civil engineer and master plumber who graduated from the Cebu Institute of Technology. Another newly-pinned cadet pilot is Karl Nino Dionson, a native of Pagadian, Zamboanga del Sur who earned a degree in electronics and communication engineering from the University of San Carlos. The Cebu Pacific Cadet Pilot Program aims to enable aspiring Filipinos who wish to become commercial pilots. It is a "study now, pay later, zero-interest" training program wherein Cebu Pacific shoulders the entire cost of the pilot training and guarantees employment to cadet pilots who successfully complete the training. To date, there are five batches comprised of 71 Cebu Pacific Cadet Pilots currently at FTA in Adelaide, Australia, one of the best aviation training facilities in the world. Coinciding with the homecoming of the cadet pilots is the search for a new batch of Cebu Pacific Cadet Pilots. Application period for Batch 9 of the Cebu Pacific Cadet Pilot program will run from November 4 to 13, 2019. The program is open to Filipino citizens who hold a college or university degree and are proficient in English. Applicants must have an average grade of at least 80% or its equivalent in subjects related to Math, Physics and English, and be in good physical condition. They must hold a passport with minimum validity of two years There is no application fee for the program, and only applicants who pass the online pre-screening will proceed with the next stages of the selection process. Interested applicants may apply for the program through https://www.surveymonkey.com/r/JWFMS5G . For more information, visit http://www.flyfta.com/pilot-training/cebu-pacific-cadet-program         About Cebu Air Inc. (PSE: CEB) Cebu Air Inc. is the largest carrier in the Philippine air transportation industry, offering its low-cost services to more destinations and routes with higher flight frequency within the Philippines than any other airline. CEB and subsidiary Cebgo fly to 37 domestic and 26 international destinations, with over 108 routes. The CEB network operates flights out of seven strategically placed hubs in the Philippines: Clark, Davao, Cagayan de Oro, Kalibo, Cebu, Iloilo and Manila. The Cebu Pacific fleet is comprised 74 aircraft—three (3) Airbus A321NEO, three (3) A320NEO, seven (7) Airbus A321CEO, 31 Airbus A320, eight (8) A330, seven (7) ATR 72-500, 13 ATR 72-600, and an ATR Cargo Freighter. CEB boasts of one of the youngest fleets in the world, with an average fleet age of five (5) years.  A member of the International Air Transport Association (IATA), Cebu Pacific has achieved full compliance with IATA Operational Safety Audit (IOSA)—considered as the benchmark of the highest standards for safety in the airline industry, joining a roster of 429 airlines worldwide that have strictly complied with the most stringent of international standards governing aviation safety.  For bookings and inquiries, guests can visit www.cebupacificair.com or call the reservation hotlines (+632)7020-888 or (+6332)230-8888. The latest seat sales can be found on CEB’s official Twitter (@CebuPacificAir) and Facebook pages. Guests may also download the Cebu Pacific official mobile app on the App Store and Google Play

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Samsung Opens a One-day Pop-up Restaurant Using a 6-in-1 Cooking Appliance

November 5, 2019

With everyone’s busy lifestyle, it’s hard to find the time to create dishes that are healthy and delicious. Many would opt for instant or ready-to-heat food, which may not be the most nutritious choice. Samsung's Smart Oven aims to make mealtimes easier by allowing individuals to do it all with one handy device. Because of this latest cooking innovation, anyone can now cook their favorite dishes for any type of occasion anytime. Samsung has created a solution for quick and healthier meals that can adapt to anyone's lifestyle. To showcase its culinary capabilities, Samsung Digital Appliances built a pop-up smart kitchen and restaurant for mall-goers and media at Robinsons Magnolia. “We developed the idea of setting up this pop-up restaurant because we wanted people to experience first-hand what the Smart Oven can do,” says Household Appliances Group Head Mon Medina. “Homemakers don’t need to go to a culinary school to start cooking or have the fanciest ingredients to create a scrumptious meal.” In this first-ever Samsung pop-up restaurant, the Smart Oven was put into action as guests got to taste a wide variety of dishes. To start off, guests were served Roasted Eggplant and Pepper Dip with Pita Bread for appetizer. Then they got to choose their main course from a selection that includes Baked Spiced Chicken Breast with Creamed Spinach, Texas Style Pulled Pork Sandwich, SlimFry Honey-Sriracha Chicken Wings, Beef Kebabs with Garlic Cream Sauce, Charsiu BBQ pork, and Salmon Teriyaki Fillet. Finally, for dessert, guests were treated with Dark Chocolate brownies. All these amazing dishes were cooked and prepared using the Samsung Smart Oven. A live cooking demonstration was also held to guide the guests with how easy it is to cook a meal using the Smart Oven. Dishes cooked during the event were based on the soon-to-be-launched Do It All Cookbook in partnership with Samsung and Maggi. During the live demo, the chef was able to prepare Steamed Zesty Garlic Shrimp, Ribeye steak, and Baked Apple Cobbler, using just the Smart Oven. The device is a 6-in-1 kitchen partner that can produce virtually any dish with its HotBlast™ technology that reduces cooking times significantly. Powerful hot air is blown through multiple air-holes directly onto food, so it’s cooked evenly, retaining the crisp texture on the outside but still juicy on the inside. It also has a Cook with Ease presets that makes it easier to use by individuals who aren’t kitchen savvy. With these two features, there’s no more excuse for not having tasty and healthy meals at home. This innovation is breaking the barriers in cooking technology as it makes meal preparation faster and more convenient. Beyond this, its Grill function evenly distributes heat so perfectly grilled and browned meat are achieved without having to set up an entire grill at home. Those looking for healthier alternatives meanwhile, can use the Slim-Fry™ Technology, which can cook meals with less oil. They can also try the Power Steam function for nourishing ways to prepare fish, chicken breast, and vegetables. Whipping up scrumptious desserts is also possible with the Smart Oven. Aspiring and expert bakers can design sweet confections through the Convection Mode. It can keep the oven’s temperature even and regulated so treats are always soft and moist. Moreover, they can also create homemade yogurt or dough with the Fermentation Technology. “It will amaze everyone with the different functions it could do. It will surely change the way people see cooking innovation. We want everyone to be inspired and get excited to start cooking, whether for their families or for anyone looking to have a healthier lifestyle. We just want people to know that by using Samsung's Smart Oven, we don't need to worry anymore about the work and time we need to put in cooking" shares Head of Product Marketing of Samsung Digital Appliances, Stephanie Chua. With the Smart Oven, homemakers, young professionals, and students living in condominiums can feel the joy of cooking healthier meals with just one device. Now, it’s easier to be a kitchen master and experience tasty food, no matter how busy the schedule. The Samsung Smart Oven has two models: The 35-Liter Smart Oven (MC35J8088LT/TC), is priced at P29,995 and the 32-Liter Smart Oven (MC32K7055KT/TC) is priced at P15,995. The Do It All Cookbook will be available this November and can only be availed upon purchasing a MC35J8088LT/TC or MC32K7055KT/TC Smart Oven. It contains 35 easy-to-follow recipes specially made for the Samsung Smart Oven. For more information on the Samsung Smart Oven, visit https://www.samsung.com/ph/cooking-appliances/microwave-ovens/ and like SamsungPH on Facebook.  About Samsung Electronics Co., Ltd. Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI and LED solutions. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com and SamsungPH on Facebook.

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Php 5.3-B Mivela Garden Residences by Cebu Landmasters  80% sold in 3 weeks

November 3, 2019

Cebu Landmasters Inc.’s (CLI) is starting constructions works of its 5.3 billion worth project, Mivela Garden Residences condominium in Metro Cebu.  The development has generated overwhelming buyer interest as it is 80 percent sold out after 3 weeks of selling. The listed developer pointed out that this remarkable record means that the company is on track to meet the expected P12.5-billion worth of reservations sales for this year.  The four-tower Mivela Garden Residences, with P2 billion development cost, is the third of CLI’s garden series residential projects in Cebu and its sixth in the Vismin area. Jose Soberano III, CLI president and CEO, explains: “Mivela Garden Residences is 80 percent sold out in 3-weeks and this is a very strong indicator that our products are right-sized and right-priced.” Mivela Garden Residences is envisioned as a modern garden residential community that will level up city living. Greenery and open spaces will be complemented by amenities focused on a multilevel clubhouse with a swimming pool. Function rooms, gym, lobby lounge, Zen gardens, and outdoor lounge areas will complete Mivela’s offerings. The development features a total of 1,536 units, catering to mostly individuals and starter families with its mix of studio and one-bedroom units. The project sits on a 1.26-hectare area in the prominent Banilad area in Cebu City where most of the hotels and large shopping malls are located.  “Even as Cebu Landmasters expands in VisMin, we will continue to keep our strong presence in Cebu which sets the trends for this region,” says Soberano. CLI’s Garden Series residential projects for the mid-market category serves as the primary driver for the company’s first-semester consolidated revenues this year, accounting for a 35 percent contribution to the total. Developments for the premier and economic markets turned in 33 percent and 29 percent of total earnings, respectively, for the first half.   Cebu Landmasters emphasizes it is on track to hit its 2019 year-end guidance of P2.6 billion in consolidated net income and P2 billion in parent net income. CLI projects in Cebu represent 61 percent of the company’s total revenues as of the first half of 2019. Cebu Landmasters, listed in 2017 boasts of a portfolio of 58 projects in various stages of development in 10 key cities in VisMin. The listed company has 28 fully completed projects with an aggregate amount of P17 billion.   Cebu Landmasters was recently awarded as the Best Developer in the Philippines by PropertyGuru Philippines Property Awards and will represent the country in the Asia Property Awards in November in Bangkok, Thailand. Cebu Landmasters’ Php2-billion Mivela Garden Residences condominium project in Metro Cebu has generated overwhelming buyer interest. After 3-weeks of selling, it is 80 percent sold out. Mivela Garden Residences is a modern garden residential community aimed to redefine garden living. Greenery and open spaces will be complemented by amenities and a multilevel clubhouse.

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Allianz PNB Life Partners with eSakay in Promoting an Environmentally-Sustainable Way to Commute

November 3, 2019

Allianz PNB Life, the world’s most sustainable insurer for three years running, recently partnered with eSakay to launch seven Electric-jeepneys (or E-jeepneys) that currently ply the Makati and Mandaluyong routes. “Allianz has always been supportive of environmental sustainability. Through these E- jeepneys, we are offering Filipinos cleaner and greener alternatives to get to their destinations within two major business areas in Metro Manila,” said Allianz PNB Life President and Chief Executive Officer Alexander Grenz. eSakay is the electric vehicle unit of Manila Electric Co. (Meralco), and they introduced E- jeepneys back in 2010, according to its operations head, Yuri Sarmiento. “At that time, we started the Green Route here in Makati, covering Legaspi and Salcedo Village. We initially had three vehicles that provided free rides. Now, we are glad that with the help of companies such as Allianz PNB Life, we are able to sustain our efforts in transitioning to green alternatives of mass transportation,” Sarmiento said. He added that the initial objective for the deployment was to present an alternative techno- logy to run vehicles that can help address the problem of air pollution. “In the Philippines, we have 5,000 deaths every year due to environmental diseases, and 70% of our CO2 emission comes from mobile vehicles. If we cut down the emissions, we can also cut down the pollution problem in the country, especially here in the city,” Sarmiento added. More Sustainable Way of Doing Things Grenz said that the E-jeepney is just one of Allianz PNB Life’s corporate social responsibility activities that is focused on the environment. “As a global company, Allianz has always been mindful about its impact on the communities it serves, especially today with the threat of climate change. We are glad to have found a partner in eSakay to promote our message of environmental sustainability, and we are looking forward to launching more projects that will lead to a healthier planet,” Grenz concluded. The Allianz Group achieved the top position among all rated insurance companies in the Dow Jones Sustainability Index (DJSI) for the third time in a row since 2017. The DJSI is one of the world’s most recognized sustainability ratings. In its assessment, it considers a wide range of economic, environmental and social topics, such as human resources programs, executive compensation, tax policies, shareholder rights, compliance and anti- corruption programs, environmental management and performance, corporate social engagement, customer satisfaction, among others. Allianz PNB Life Insurance, Inc. 9th Floor Allied Bank Center 6754 Ayala Avenue cor. Legaspi Street Makati City, Philippines Phone: (632) 818-LIFE (5433) Fax: (632) 818-2701 www.allianzpnblife.ph [Type text] [Type text] [Type text] Comfort and Tech Features Comfort and Tech Features Apart from being environmentally friendly, the E-jeepneys also offer a more comfortable way to travel. Each vehicle can seat 23 people and accommodate 8 to 10 people standing. Each vehicle is equipped with a dash cam, GPS tracking system, and CCTV cameras to ensure passengers’ safety. It also comes with multiple fans and offers its passengers internet access. The vehicles also come with USB ports, so there is no need to worry about phone batteries running low for passengers onboard. “We are also developing software that would allow passengers to download an app so that they can monitor the vehicles,” Sarmiento said. eSakay will soon be launching an electronic payment system as well. Currently, passengers pay their fares in cash. The minimum fare is PhP9, the same as that of regular jeepneys. Apart from the Makati and Mandaluyong routes, there are plans to bring the E-jeepneys to Pampanga next year. About Allianz The Allianz Group is one of the world's leading insurers and asset managers with more than 92 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance.  Allianz is one of the world’s largest investors, managing around 673 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage more than 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 80 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the group These assessments are, as always, subject to the disclaimer provided below. Cautionary note regarding forward-looking statements The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.

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