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English learning platform eyes 100K teachers for Chinese kids

March 23, 2019

DAVAO CITY -- An online English learning platform serving Chinese children is seeking to hire 100,000 home-based online teachers in the Philippines in the next five years.      Jennifer Que, country head of 51Talk, said English as a Foreign Language (EFL) is a new industry where Filipinos are qualified and have been the preferred teachers because they speak the language in a neutral accent.      She said Filipinos are also tech-savvy, naturally happy, and have a good grasp of both the Western and Chinese cultures.      She said that in the last two years 51Talk grew by 62 percent. For now, 51Talk has 18,000 home-based Filipino teachers, some 2,000 of whom are based in Davao City.      An online teacher can earn as much as PHP80,000 depending on the tenure. The more bookings mean more earnings and more rewards, Que said.      “If you do well, the student will book you again and even recommend you to friends,” Que said during the press conference at the Waterfront Insular Hotel on Thursday.      51Talk, which is listed in the New York Stock Exchange (NYSE) as the first Chinese online platform and the leading online English platform in the People’s Republic in China, has been in the Philippines since 2011.      Que said 51Talk is gearing towards professionalizing the industry, adding that 51Talk prefers applicants with education-related courses, friendly, hospitable, and with maternal disposition “because they deal with children.”      She said classes start from 7 p.m. to 10 p.m. because it is the time when children go online.      “Student traffic happens in the evening and weekends,” Que said, adding 51Talk also offers training for the teachers as part of their development. (PNA)

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IDC wins International Property Awards for the 3rd time

March 22, 2019

Miramonti Green Residences added laurels to publicly listed sustainable developer Italpinas Development Corporation (IDCTM) as it won the prestigious International Property Awards for Asia Pacific sealing its place as elite Award Winner for Best Mixed-Use Development in the Philippines 2019-2020.       “International Property Awards is a highly acclaimed award in the worldwide property industry. Winning International Property Awards for the third consecutive time, and on all the properties we developed is a recognition of our design excellence as a sustainable developer”  said Romolo Nati, chairman and CEO of IDCTM.      IDCTM earned the prestigious recognition, which is considered as a mark of excellence for property professionals, for its soon-to-rise project Miramonti Green Residences, a mixed-use eco-friendly development, set against the dramatic backdrop of majestic Mt. Makiling in Sto. Tomas Batangas.       Inspired by its view (Miramonti in Italian means “look at the mountain”), the project is yet another example of the brand of design-driven sustainable architecture that Italpinas Development Corporation (IDC) is bringing into the country’s emerging cities. Located in the south of Metro Manila, Sto. Tomas is part of the Philippines’ new beltway of economic growth along the expressways connecting the capital region with Batangas Port making the CALABARZON area one of the most dynamic trade zones in the country.         Easily accessible from South Luzon Expressway and adjacent to the Light Industry and Science Park III, Miramonti Green Residences is soon to become a prime landmark in Sto.Tomas, Batangas. Sto. Tomas is an expanding residential and commercial community located in the scenic Mt. Makiling area in southern Luzon, a fresh urban setting away from the chaotic metropolitan environment.        The Miramonti Green Residences project will consist of three 21-storey towers and will be developed in two phases. The first phase, comprises one tower sitting atop a podium structure, will occupy a 2,057-square meter area. It will offer 352 residential units, 18 commercial units, and 89 parking units alongside amenities, such as fitness center, swimming pool, playground, among others.      The design of Miramonti Green Residences integrates green strategies and systems that aim to reduce overall energy consumption in all towers resulting in long-term energy consumption savings. One of its key features is the use of passive cooling technology such as shadow and sunlight control, wind cooling and shape performance. The project will also harness solar energy from photovoltaic panels to be installed on the roof of the towers.       “The citation in the Best Mixed-Use Development category within the International Property Awards-Asia Pacific 2019-2020 is an honor but receiving this prestigious recognition for the third time is really a big accomplishment”, pointed out Architect Romolo Valentino Nati, chairman and CEO of IDCTM .“The success of IDC’s first two projects, Primavera Residences and Primavera City, both located in Cagayan de Oro, has been an inspiration to us. Further reinforcing our green advocacy, our latest project Miramonti Green Residences is a milestone and another example of the brand of design-driven sustainable architecture that Italpinas Development Corporation (IDC), is introducing to the country’s emerging cities” added Arch.Nati.       Our passion in bringing the design-driven sustainable architecture in emerging cities has always been the driving force of IDCTM. Winning the prestigious International Property Awards for Asia Pacific in all three of our developments reinvigorates not only our passion but also our commitment to bring relevant sustainable developments in the country, said IDCTM President, Atty Jose D. Leviste III.      IDCTM will be honoured at the Asia Pacific Property Awards in the Marriot Marquis Queen’s Park, Bangkok next 14th -15th May, together with the best property professionals across the Asia Pacific regions, to be recognised in the Best Mixed-Use Development category.

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BDO advances ranking in Top 1000 World Banks

March 20, 2019

BDO UNIBANK further advanced its rank in the list of the Top 1000 World Banks, according to the London-based financial publication The Banker.       In a statement, The Banker said BDO placed 235th in 2018, up 32 notches from the previous year’s standing of 267th. The same list also showed BDO as the Philippines’ frontrunner in terms of Tier-1 capital, assets, and robust earnings.      BDO posted a record net income of P32.7 billion in 2018 from P28.1 billion in 2017, representing a 17 percent growth and beating its P31 billion full-year guidance on strong recurring earnings from its core businesses. It likewise garnered another milestone as the first Philippine bank to breach the P3 trillion mark in total assets.         The Top 1000 World Banks ranking has been setting the industry benchmark since the 1970s, providing comprehensive intelligence about the health and wealth of the global banking sector. It allows investors and clients all over the world to evaluate the strength and weakness of the banks, identify banking partners for the future, and track the big movers and new arrivals in the sector.       Established in 1926, The Banker is among the several international publications that consistently recognizes BDO’s strong performance in the local banking sector.

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Economics prof holds Oro lecture to promote book

March 15, 2019

AYALA Corporation and the University of the Philippines (UP) School of Economics in cooperation with the Ayala Business Club of Cagayan de Oro held a regional roadshow in Cagayan de Oro City last Friday (March 15) at Seda Centrio to share the strategic research paper entitled Towards Inclusive Capitalism in the Philippines by Dr. Raul Fabella, National Scientist and professor emeritus of the UP School of Economics. Fabella in his paper dispels the notion that capitalism is necessarily anti-poor particularly citing as examples the remarkable achievements of China in reducing poverty and fostering greater social inclusion following its adoption of market-oriented reforms and the integration of pro-poor services in the normal business operations of big conglomerates. In the Philippine context, he underscored how conglomerates have also contributed to improve social provision and inclusion in various fields such as telecom, water provision, tertiary education and through corporate social responsibility (CSR) initiatives. He contended that even as the country is hampered by weak institutions, the private sector – by widening its sphere of operations to include activities that were hitherto traditional public services – is able to help improve social welfare and promote greater social coherence in the Philippines. This is especially important in light of the Philippines’ unusual development path which he called “development progeria” characterized by growth dynamics (largely observed in industrial economies) which have been mainly service sector-led resulting in less inclusive outcomes than with growth trajectories that are manufacturing-led. He believed that such a development path per se would be unsustainable unless more inclusive outcomes are achieved by exploring opportunities for greater private-public sector cooperation. PR

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Smart partners with Nokia for 5G deployment in schools

March 14, 2019

MANILA -- PLDT wireless unit Smart Communications has partnered with Nokia for the deployment of fifth generation (5G) technology and services in schools across the country.      Both companies have signed a memorandum of understanding (MOU) for the development of 5G standalone (5G SA) solutions such as artificial intelligence, drones and Internet of Things applications for use in colleges and universities.      “We are happy to partner with Nokia to help develop intelligent solutions and technologies for the benefit of the Philippine education sector,” PLDT-Smart Chairman and Chief Executive Officer Manuel V. Pangilinan said during its signing held in Makati City on Tuesday night.      The MOU covers the rollout of 5G SA technologies and innovative products such as 5G handsets and applications.      The technology solely depends on the 5G network for data transmission and enables the schools, businesses and other organizations to utilize the full benefit of its capabilities. On the other hand, 5G non-standalone (NSA) combines the use of 5G and existing 4G/LTE resources to transmit data.      “5G SA enables introduction of services like real-time remote control of robotics and autonomous driving of transport vehicles in the areas of Industrial Revolution 4.0 with new technologies like Network Slicing and Ultra Reliable and Low Latency Communications,” according to Nokia head for Asia Pacific and Japan Jae Won.      The company intends to spend a significant portion of its capital expenditures (capex) this year for the rollout of its 5G network.      “5G offers great opportunities for telcos to generate new forms of revenues,” Pangilinan said.      “We have announced a historic high capex this year that may be utilized as expenditures for 5G. There will be a continuous rollout of cell sites and base stations with 5G within the next few years” he added.      PLDT has allocated a capex of PHP78.4 billion this year for the rollout of its fiber broadband service in line with the expansion of its mobile network by providing high-capacity links for cellular base stations.      The firm will likewise continue to establish partnerships with technology providers that have the capacity to build a 5G network and the resources to offer a wide range of services to various industries in the country      Its wireless unit Smart has activated its first 5G cell sites last November at its headquarters in Makati City with technology partner Huawei Technologies and in Clark with Ericsson. (PNA)

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Win P300k shopping spree, P1M journey when you deposit in Maybank

February 27, 2019

Would you like to go on a trip to the US worth P1million or any other destination in the world? Or how about spending P300,000 in a shopping spree in any place or shop of your preference? “Maybank clients can experience these adventures of a lifetime with the iSave. iShop. iFly Promo. By simply turning deposits into a chance to win wonderful adventures, saving becomes delightful,” said Donna Michelle Barroga, Head of Marketing of Maybank Philippines. In addition, she said, winners of the iSave.iShop.iFly promo can customize how they want to enjoy their prize, giving them the flexibility to create their own travel or shopping package. All these are made possible simply by opening an iSave account. All Maybank iSave Accounts will earn one raffle entry for every Php 10,000 month-to-date average daily balance maintained in their accounts from February 1 to July 31, 2019. They will be automatically registered for the draw and will be informed through SMS. All iSave Accounts will continue to earn raffle entries until the end of the promo, Barroga said. There will be three preliminary draws with three winners each of a shopping spree worth Php 300,000, Php 200,000, and Php 100,000, and there will be one (1) grand draw winner who will win a trip to the U.S.A. or any preferred destination worth Php 1,000,000, TAX FREE.  iSave depositors can join in all raffle draws, but can only win once per draw.   Vincent Dexter Go, Head of Virtual Banking of Maybank, explained “Opening an iSave savings account in the Maybank2U PH app makes it easier for every Filipino to get a bank account.”  iSave as an online only savings account that can be applied through the Maybank2U PH App. The Maybank account is convenient and hassle-free because one can open it without going to a branch.   Moreover, the account is affordable. Go explained that there is no initial deposit and zero maintaining balance. The client earns interest of 0.25% per annum at PHP 20,000 balance. He or she can withdraw from any BancNet ATM in the Philippines for free.  The account is accessible via any Maybank ATM in Malaysia, Singapore, and Cambodia with no charge and can enjoy better conversion rates. It comes with an EMV Enabled ATM, thus very secure. The client enjoys banking transactions online via the Maybank2U PH App. So iSave now and get to create delightful memories with Maybank.  

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