corporate

Ayala companies top FinanceAsia’s 9th Best Companies in Asia Poll

April 24, 2019

Three Ayala companies have been named among the top Philippine winners in FinanceAsia’s 19th Best Companies Poll, beating about 240 other entrants. Ayala Corporation (AC), Ayala Land (ALI), and Globe Telecom (Globe) have all received top citations in multiple categories.      Ayala Corporation placed first in Best Managed Company with Ayala Chairman & CEO Jaime Augusto Zobel de Ayala as Best CEO, and Ayala Chief Financial Officer Jose Teodoro K. Limcaoco as Best CFO. AC also ranked first in Best Growth Strategy, first in Best ESG (Environment, Social and Governance), and third in Best Investor Relations.      By the end of 2018, AC’s net income grew to P31.8 billion, up five percent from the previous year with strong earnings contributions from ALI, Globe, and AC Energy. AC invested P43.7 billion in capital expenditure in 2018 and is set to spend P22.6 billion in 2019 primarily to grow business in AC Energy, AC Infra, and AC Health. Over all, the Ayala group maintains its capital spending level this year at P262 billion, with a bulk allocated to ALI and Globe, which have set aside P130 billion and P63 billion respectively.      “The aggressive growth strategy that we embarked on over a decade ago has been unprecedented for the Ayala group. Over the past 10 years, we spent close to P200 billion in capital expenditure at the parent level alone to support the investment programs of our various business units, including our new growth platforms in power, industrial technologies, infrastructure, education, and healthcare. Our profitability has also improved steadily over the past 10 years, growing at a compounded annual rate of 15 percent,” Ayala President and COO Fernando Zobel de Ayala said.      As Ayala grows its business in 2019, it continues to closely monitor its ESG performance against its 360° Sustainability Reporting Framework, maintain its best practices, and accurately disclose said performance in its Integrated Report. Ayala shall continue to remain highly responsive and accountable to its investors and stakeholders.      Ayala Land ranked second in Best Growth Strategy, fourth in Best ESG, and third in Best Managed Company.      “As we celebrated our 30th year in 2018, we remained focused on developing more sustainable communities that enrich the lives of Filipinos. We introduced two new estates to bring our total to 26, registered the highest level of residential sales in our history, and stayed on track to open more commercial developments. These led to strong financial results and positioned our company for continued growth in the coming years,” said ALI President & CEO Bernard Vincent O. Dy.      Last year, robust property development and commercial leasing fueled ALI’s net earnings, which grew 16% to P29.2 billion. Of its record P110.1 billion in capital expenditures in 2018, ALI spent 41% on residential projects, 23% on commercial projects, 15% on land acquisition, 12% for the development of estates, and 9% for investments.      Since 2014, ALI has been working to reach its “2020-40 plan”, with the goal of achieving P40 billion in net income by 2020. It continues to extend beyond its traditional property development while increasing investments in the commercial leasing segment through sustainable means.      ALI continues its strategy of co-creating sustainable communities to help develop sustainable cities and communities, which is one of the United Nations Sustainable Development Goals. To ensure that people can live and work sustainable in all ALI developments, it prioritizes four Sustainability Focus Areas in each of its properties: site resilience, pedestrian-transit  connectivity, eco-efficiency, and local economic development.      Additionally, in 2017, ALI kicked off its ambitious plan for all its commercial assets to be carbon-neutral by year 2022. In 2018, ALI offset 64% of its carbon emissions, coming from only 37% in 2017. This was accomplished through ALI’s 560 hectares of carbon forests, the use of passive cooling systems, and renewable energy.      Globe Telecom came in third place in Best Managed Company and sixth in Best Growth Strategy.      Globe’s 2018 net profits were boosted to P18.6 billion in 2018 by the sustained demand for data-related services, which accounted for 61% of total service revenues last year. It invested P43.3 billion in capital expenditure in 2018, equivalent to 32% of its service revenues, and is set to spend P63.0 billion in capital expenditure in 2019 for continued network expansion. Globe continues to develop new products, services, and partnerships to further enhance the Filipino digital lifestyle.      “We will continue to put Filipinos at the forefront of digitalization by delivering a differentiated level of customer experience as we constantly improve the performance of our network,” said Globe President and CEO Ernest Cu.      Other winners in these categories include SM Investments Corporation, San Miguel Corporation, Metro Pacific investments Corporation, Megawide Construction Corporation, Megaworld, First Gen Corporation, Aboitiz Power Corporation, and D&L Industries.

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Cebu Pacific commences direct Cebu-Shanghai flights

April 22, 2019

The Philippines’ leading carrier, Cebu Pacific (PSE: CEB) begins commercial operation of its direct service between Cebu and Shanghai, China. Shanghai, the biggest city in China and a global financial hub, is CEB's sixth international route with direct access to its Cebu hub. The improved air connectivity is expected to boost inbound and outbound travelers for both route’s dynamic leisure and business opportunities. Shanghai’s unique oriental charm is perfect for Filipinos who want to experience a mix of Eastern and Western cultures. Often dubbed as The Oriental Paris, Shanghai boasts of beautiful modern skyscrapers and landmarks rich in culture and history. The Cebu-Shanghai flight departs from the Mactan-Cebu International Airport at 6:50pm. The flight’s evening departure allows neighboring cities such as Davao, Cagayan de Oro, Dumaguete and Iloilo to connect seamlessly and fly to the biggest city in China via Cebu City. The return flight from Shanghai, on the other hand, will depart at 11:55pm. The inaugural flight was graced by Blessie Cruz, Cebu Pacific’s director for marketing “The Cebu-Shanghai route will link two premier Asian destinations—reinforcing Cebu as a key hub for both domestic and international travel—enabling easier and more efficient access within the Philippines and neighboring countries for millions of residents in the Visayas and Mindanao.” Also in attendance were DOT 7’s supervising tourism officer Judilyn Quiachon and Andrew Acquaah-Harrison, GMR-Megawide’s Chief Executive Adviser; in full support of the inaugural flight. The new Cebu-Shanghai route is in line with the carrier’s plans to expand capacity in Cebu to meet increasing demand. The carrier had earlier stated it would ramp-up capacity in its Cebu hub by as much as 20% in 2019. Aside from Shanghai, Cebu Pacific flies direct between Cebu, Hong Kong and Macau in China; as well as Narita, Japan; Incheon, Korea and Singapore. CEB also has direct flights from Cebu to 22 other domestic destinations.

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Therma Mobile signs Power Supply contract with Meralco

April 22, 2019

AboitizPower subsidiary Therma Mobile, Inc. (TMO) has signed a power supply agreement  (PSA) with  Manila Electric Co. (Meralco). “This contract is a timely response of both AboitizPower and Meralco to the call of government for stable and reliable power going into the midterm elections and beyond,” AboitizPower Oil Business Unit President and COO Celso C. Caballero III said. TMO, with four floating power barges moored in Navotas, has a combined gross capacity of 242 MW. The facility went into preservation mode on the 5th of February this year, as well as voluntarily disconnected from the grid and de-registered from the energy market. It is currently expected to be registered again with the Independent Electricity Market Operator of the Philippines Inc. (IEMOP) on April 22, 2019 and delivery of power to Meralco will commence on April 26, 2019. The oil-fired barges in Navotas are considered ideal for providing peaking supply and ancillary services with its operational flexibility and the ability to start up quickly to respond to the needs of the grid. TMO will provide Meralco with up to 200 MW of additional power. The Oil Business Unit of AboitizPower operates five oil-fired power facilities in Luzon, Visayas, and Mindanao. AboitizPower has a balanced mix portfolio of coal, oil, geothermal, hydro, and solar power plants nationwide.

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The Night Stalker: Botoy’s forays into resto business with Big Tummy’s

April 16, 2019

The Johnny-come-lately-that-could from Bulua is stepping up its game with a foray into the restaurant business.      Botoy’s Litson Manok, BBQ and Liempo will be opening up its first ever restaurant in Tagoloan, Misamis Oriental in about a month’s time.      During a briefing held for CDO Bloggers officers 2nd Quarterly Meeting held at their flagship store in Bulua, Joan M. Delatado, D.M., CEO of McAlba Foods Corporation said the new resto dubbed Big Tummy’s (The Foodies Den) will be a casual dining, self service establishment similar to big fast food chains that would serve as a template for future franchising opportunities.      “McAlba Foods is our company for our Botoy’s kiosks while Big Tummy’s will be under Paragon Foods & Catering Corporation which will handle all our company owned restaurants,” Delatado said. “Franchising for both will be handled by Botoy's Lechon Franchising Corp.”      The new resto is under construction at the site of the existing Botoy’s outlet in Tagoloan, which she said is a very promising location that’s near big industries facing the public plaza, near the church and municipal hall, and schools where there are currently no fast food chains or restaurants, and no other function rooms except for Paula’s hotel, so those wishing to have business or social functions often have no other choice than go to Cagayan de Oro city, a good hour’s commute away.      From the artist’s renderings of Big Tummy’s shown to us by Ms. Joan, a Botoy’s To Go counter will be standard for all future restos.  Big Tummy’s Tagoloan will be complemented by another in Gingoog City. Parking is available and so will the ubiquitous free Wifi.      “We also plan to expand this flagship store in Bulua to another Big Tummy’s,” she added, though a timeline for the expansion as yet to be set.      The all Filipino menu will have a fixed set menu for the ground floor restaurant serving the usual Botoy’s grilled staples BBQ, lechon manok, liempo, as well as grilled  seafood like panga, tuna belly, shrimps, kinilaw, calamares, boneless marine bangus from Balingasag.  Take note to look for the sintra board for specials. Affordable combo meals will also be available as well as family boodles fights for Sunday.      Beverages served include Coca Cola drinks, frappes and fruit shakes.      Its target demographic range from kids to adults and it will be open as early as 5AM to serve breakfast and close at 9PM.  Deliveries of call-in orders will be shared between the Tagoloan store and the Bulua store, whichever can serve the orders fastest. Catering for outside events will also be entertained.      Besides the restaurant on the ground floor, both restos will also have 2nd floor function room which can accommodate up to 100 persons.  It will also have a coffee shop serving pastries, coffee and the like when no function is scheduled as well as a kiddie’s corner, becoming a chill place to unwind on weekends with live acoustic music.      Besides the CDO Bloggers officers, we were also entertained by Romnick B. Morcina, who now supervises Botoy’s Divisoria and Tagoloan.      Ms. Joan has invited us to cover the opening of Big Tummy’s (The Foodies Den) in Tagoloan either this month or early May. We can’t wait!

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DOST Misamis Occidental brings Enhanced Packaging to Awezamiz Complementary Food

April 16, 2019

Words of gratitude and glee filled the City Mayor’s Office of Ozamiz City as the Supervising Administrative Officer of the Local Government Unit, Ms. Maria Lucy R. Cabalit together with the Ozamiz City Complementary Food Production Facility (CFPF) Head, Ms. Lelita G. Navarez received the 60,000 pieces of Rice Mongo Sesame (RMS) Baby Food Blend packaging material last 08 April 2019. In 2016, LGU Ozamiz City was one of the beneficiaries of the DOST-Food Nutrition Research Institute (FNRI) project on the roll-out of complementary food production facility to address malnutrition of young children ages 6 to 59 months old. Ozamiz City CFPF is capable of producing RMS baby food blend for 6 to 24 months old toddlers and Rice Mongo (RM) Crunchies for 25 to 59 months old children. To continually improve and hasten production of these complementary food products, DOST Region 10 through the Provincial Science and Technology Center of Misamis Occidental headed by Ms. Eufresnie Ann D. Simbajon extended additional support to the facility amounting to more than P300,000.00. Mechanical bean roaster and electric double deep fryer were turned over last 11 February 2019. To compete with the existing commercial brands of baby food products in the market, DOST also provided assistance on the packaging and labelling design and initial execution of the RMS baby food blend. “Naa na gyud maka compete sa commercial brand (RMS baby food blend can now compete with the commercial brands)” Ms. Cabalit said. To support waste management, Ms. Navarez eagerly said that discounts will be given to the next purchase of the customers who will return the used packaging materials. These will then be utilized to produce eco bags, wallets and other novelty materials. The Local Government Unit of Ozamiz City was grateful to DOST’s assistance. “DOST are the people behind the scene”, Ms. Cabalit added with sincere gratitude. (Joanne Katherine R. Banaag, DOST-X) About the picture (IMG_0956-2.jpg) Turnover of 60,000 pieces RMS Baby Food Blend packaging to LGU Ozamiz City with Ms. Maria Lucy Cabalit representing the City Mayor, Ms. Lelitha G. Navarez head of the Ozamiz City Complementary Food Production Facility, and PSTD Eufresnie Ann D. Simbajon and the PSTC staffs The Department of Science and Technology – Region X (DOST-X) envisions to be an effective and competent catalyst of inclusive development by providing world class and innovative Science & Technology services in Region X.

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DAR to begin parcelization of collective CLOAs

April 15, 2019

The Department of Agrarian Reform (DAR) recently issued guidelines and procedures on the parcelization of landholdings with Collective Certificates of Land Ownership Award (CCLOA) through Administrative Order No. 02, Series of 2019 to stabilize ownership, tenureship and control of the lands awarded to agrarian reform beneficiaries (ARB). Secretary John R. Castriciones said pursuant to Section 25 of the Republic Act (R.A.) No. 5567, as amended by Section 10 of R.A. No. 9700, the DAR is mandated to immediately undertake the parcelization of CCLOAs over lands that are not collectively farmed or operated in an integrated manner. Castriciones added that in the past decades, many landholdings were awarded to ARBs under a collective and non-subdivided form of ownership wherein qualified beneficiaries may opt for collective ownership, through farmers’ cooperatives, associations or some other form of organizations for the issuance of CCLOAs. “There are reports from the field implementers and civil society organization regarding disputes or controversies among ARBs with existing CCLOAs due to boundary conflicts, inclusions and exclusions of ARBs, and other conflicts resulting to the splitting of groups into sub-groups and co-owners opting for individual ownership,” the DAR chief said. He added that there are landholdings covered with CCLOAs, which have been acquired and distributed under financing from the Land Bank of the Philippines, where the government has not been able to collect land amortization, while the ARBs have not been able to fully pay the lands  for them to become full owners, due to the difficulty in generating the Land Distribution and Information Schedule. Castriciones said that through parcelization, the DAR will subdivide and determine the exact meters and bounds of the areas, allocate lots for each ARB in a CCLOA, determine common use areas and portions with common service facilities, and establish areas capable of being alienated and disposed of by the government. CCLOAs refer to existing and registered certificates of land ownership award issued by the DAR to farmers’ cooperatives, associations, other organized groups, or group of ARBs who are not yet formally organized.

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