Cebu Pacific commences new Manila-Marinduque route

April 3, 2019

01 April 2019 - The Philippines’ largest carrier, Cebu Pacific (PSE: CEB), today launches a direct flight to its newest domestic destination, Marinduque. CEB is proud to be the only airline operating flights in and out of the Marinduque Airport through its subsidiary Cebgo.      The flights will be operated thrice weekly, every Monday, Wednesday and Saturday, out of the NAIA Terminal 4 (Manila Domestic Terminal) in Manila.      “Being the only carrier flying to and from Marinduque, we are very happy to enable the opening of more resorts, other businesses and other opportunities—prospering growth of the province. Now, more tourists will be able to fly direct to Marinduque to see and experience the island for themselves. At the same time, it will also be easier for residents to fly to Manila and travel to any onward destination, be it domestic or international, through CEB’s seamlessly connected network,” said Atty. JR Mantaring, Vice President for Corporate Affairs of Cebu Pacific.      Marinduque is well-known for the Moriones Festival held annually during Holy Week. Aside from this, pristine white sand beaches and islands also surround the province, leaving tons more beauty waiting to be discovered.      “The Department of Tourism will always be supportive of the development of the access to Marinduque. Establishing connectivity is very important for us to continue our goal of making sure we place Marinduque, and the rest of MIMAROPA, on tourists’ bucketlists,” said Mr. Danilo Intong, Regional Director of Region IV-B.   “We are positive that these direct flights will pave the way for our beloved province to be seen and discovered as a world-class eco-tourism destination. We look forward to continue working with Cebu Pacific and other stakeholders as we strive for progress in Marinduque,” said Marinduque Representative Lord Allan Jay Velasco.      Marinduque is the 37th domestic destination of Cebu Pacific. Aside from Marinduque, CEB also operates flights to other up-and-coming tourist destinations such as Tablas, Masbate, Siargao and Camiguin.

Italpinas Dev’t breaks ground Città Bella

March 27, 2019

THE second phase of eco-friendly apartments of Primavera City develop by Italpinas Development Corporation broke ground Monday (March 25). Dubbed as Citta’ Bella, Primavera City Phase 2 is 11 levels high just like her twin Citta Verde (Primavera City Phase 1) and eventual triplet Citta Grande (Primavera City Phase 3). All three mixed-rise developments will feature residential, commercial and office spaces to top at the roofdeck with a function hall featuring a stunning view of Macajalar Bay to the north and the Bukidnon mountains to the south. The rooftop of all three buildings will be installed with photovoltaic panels, making the entire premises an eco-friendly one. In particular, Citta Bella will offer 291 housing units in three types: studio, one-bedroom and penthouse. According to Italpinas Development Corporation vice-president for brand management Clara Elizaga, there will be six penthouse units at the 11th level of the edifice. The rest of the residential units will be spread out from the fourth to 11th levels. Elizaga said that the first level is reserved for 17 units of commercial space while 36 office units are allocated at the second to third levels. The second building in Primavera City located along P.N. Roa Ave., upper Carmen, Cagayan de Oro City has a total of 106 parking spaces in two basement levels. The construction of the second phase is expected to complete in September 2021 with occupancy to start in early 2022. The whole Primavera City project, which will include a high-rise tower to be called Citta Alta, will finish in 2026. Primavera City development sits in a spacious 55,000 square-meter property in a very prime location in uptown Cagayan de Oro, Northern Mindanao’s premier new growth area. Italpinas Development Corporation pioneers eco-friendly realty projects in this part of the country. “Choosing to live in a green building is not just a lifestyle but a choice to live in comfort and well-being,” IDC chairman and CEO Romolo Nati pointed out. “Sustainability must be a way of thinking and living – a mindset.”

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)

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.

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.

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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