business

Tax reform can benefit the poor: economist

August 28, 2017

MANILA -- Poor families can benefit from the Department of Finance’s (DOF) tax reform proposal with the highly targeted cash transfers that will be distributed to the country’s poorest households, according to an economist. Rosario Manasan, a senior research fellow of government think tank Philippine Institute for Development Studies (PIDS), said 40 percent of the increment on excise tax from petroleum will be used for targeted cash transfers. Manasan, an expert in public finance, noted that target beneficiaries will be identified utilizing the National Household Targeting System of the Department of Social Welfare and Development (DSWD), the same tool used by the Pantawid Pamilyang Pilipino Program (4Ps). But she said both Congress and Senate have yet to decide whether to provide the targeted unconditional cash transfer for three years based on Senate Bill 1408, or for one year only as stipulated in House Bill (HB) 5636. “My own recommendation is three years to give time for the transfer to have some impact on growth and benefit the poor,” Manasan stressed. HB 5636, also known as the Tax Reform for Acceleration and Inclusion (TRAIN), is part of the DOF’s Comprehensive Tax Reform Program (CTRP) that recommends the lowering of personal income tax (PIT) but increasing excise taxes on fuel, new cars and sugar products. In contrast, poor families will not benefit from the reduction of the PIT because they are not paying any personal income tax even under the present system as their incomes are below the taxable threshold. But Manasan said poor families are also bound to be adversely affected due to the proposed increase in the excise tax on petroleum products and expansion of the coverage of the value-added tax (VAT). The House of Representatives has already approved its version of the TRAIN (HB 5636) last June 2017. Currently, the Senate Committee on Ways and Means is deliberating on the HB 5636 as well as Senate Bill 1408, the version of the TRAIN that was filed by Senate President Aquilino Pimentel III. (PNA)

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REAP 2017 Manila as one-stop shop for Asia-Pacific real estate market intelligence

August 28, 2017

Real estate service professionals, brokers, appraisers, consultants, salespersons and businessmen looking to expand to Asia Pacific markets will find up to date developments in the world's fastest-growing region at the 1st Real Estate Asia Pacific (REAP) 2017 Conference and Expo on October 23 - 24 at the SMX Convention Center in Mall of Asia Manila. The REAP 2017, with the theme “Asean Real Estate Development and Practices Beyond Borders”, is a professional Real Estate Summit in the global context and ASEAN integration with international set of speakers and highly-respected Real Estate officials in the Philippines. It is considered as the biggest, grandest and most anticipated real estate industry event in Asia-Pacific Region and is expected to attract some 3,000 foreign and local real estate executives to attend. Professional Regulatory Board of Real Estate Service (PRBRES) Chairman Dr. Eduardo G. Ong, universally acknowledged as the "Father of Philippine Real Estate" said the lineup of distinguished foreign speakers and panelists makes REAP 2017 a compelling event for players in the real estate and allied industries. “The Real Estate Industry has come of age. We can see development and infrastructure rising not only in the urban cities but likewise in the suburban communities and in the entire Philippine archipelago. Many of the top billionaires in the country have one thing in common; they are engaged in Real Estate development,” Ong emphasized. "The country’s biggest developers need the services of credible and reliable Real Estate Service Professionals, Brokers, Appraisers, Consultants, Salespersons. They are indispensable partners to the Real Estate Development and Growth. Undoubtedly, the Real Estate Industry is booming and sparkling for the years to come especially in the advent of the ASEAN Economic Integration where ASEAN will become a borderless economy,” he stressed. "It is in this landscape, that I fully endorse the holding of the Real Estate Asia Pacific Conference and Expo (REAP) 2016 which will be held at the SMX Convention Center, Manila on October 23 and 24, 2017. Let us learn from the experiences of the experts and network with our associates in the industry!" Ong added. Dr. Eduardo G. Ong is a highly respected international management consultant, realtor, educator and business coach with six degrees to his credits: BS Commerce, Masters in Business, a Law Degree and Three (3) Doctorate Degrees – Ph. D in Philosophy, Doctor of Public Administration (DPA) and Doctor in Business Administration (DBA). He has been in the academe, real estate and business arena for more than three (3) decades. He was a former Dean of Business Administration, Dean of the Graduate School and Vice President of Academic Affairs of leading universities in Metro Manila and a Professor of Business and Public Administration, Consultant and Business Coach for several Real Estate Companies and Business Corporations. Has written and published six books on Business Management, Marketing and Research Methodology. He was recently conferred a Diplomate in Business Education, Diplomate in Real Estate Management and Fellow in People Management and was given recognition as Doctor Fellow and International Visiting Professorial Fellow by the Royal Institution of Singapore. Dr. Ong is currently the chairman of the Professional Regulatory Board of Real Estate Service and Chairman for Education of the Philippine Chamber of Commerce and Industry. Top international speakers and experts will headline the conference and will share with international real estate players their knowledge and incisive insights on topics that are vital to them and their success during the first and second days of the REAP 2017. They will also present their respective country reports during the REAP 2017 breakout sessions. These include reports from Australia, China, Japan, Korea, Singapore, Taiwan, Thailand, Malaysia, Indonesia, Vietnam, Hong Kong, New Zealand, India, Mongolia, Fiji, Turkey and the Philippines. "Both quantity- and quality-wise, we want to make sure our list of international and national experts in REAP 2017 will go down in the history of the real estate industry as probably one of the best-assembled batch of speakers and panelists," Ong enthused. The REAP 2017 is supported by the Professional Regulation Commission (PRC), Professional Realtors Board of Real Estate Service (PRBRES), with supporting organizations: Philippine Association of Real Estate Boards, Inc. (PAREB), Real Estate Brokers Association of the Philippines, Inc. (REBAP), National Real Estate Association (NREA), Council of Real Estate & Builders' Associations, Inc. (CREBA), Philippine Associations of Realty Appraisers, Inc. (PARA), Subdivision and Housing Developers Association, Inc. (SHDA), among others, and organized by Media Blitz Group. The REAP 2017 aims to discover new approaches to issues facing the region’s real estate stakeholders and highlight innovative solutions that can help them differentiate themselves from competitors, and to deliver greater value to their clients. For inquiries on sponsorships, booths and registration, contact Media Blitz Group secretariat at (02) 2432388, (02) 09176898806, or email reap2017@mediablitzgroup.com, communications@mediablitzgroup.com, and mediablitz_pr@yahoo.com.ph.

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Off-road athlete - Suzuki Grand Vitara SE

August 28, 2017

Not everyone who buys an SUV plans to take it off-road. For most of of us, just the thought of owning a vehicle that can take you through some rough spots is enough to justify spending the additional premium. Well, why not? Most of our roads, even in urban areas, are anything but smooth anyway. The Suzuki Grand Vitara may be classified as one of those “softroaders”. It is a step up from the common sedan but not as cumbersome to drive in congested areas as a chunky 4x4. It may not compare to the capability of a full-on off-roader but it has ample grunt and ground clearance to take on quite a few obstacles in its path. The Grand Vitara is propelled by a 2.393 cc, 4-cylinder gasoline engine that produces 168 hp @ 6000 rpm and 227 Nm @ 3800 rpm. The mill is matted to a 4-speed (gate-type) automatic transmission with an A/T power switch. As with most Suzukis I’ve tested, pressing this button gives you a little bit of boost when additional power is needed. With a ground clearance of 200 mm, it may not be designed to cross rivers and streams but it can certainly traverse flooded city streets during monsoon rains. Make no mistake though, this machine still allow a resonable amount of fun when you decide to wander off the beaten path. I’ve spent around 80% of the time in heavy traffic and I was able to achieve an average of 8.3 kilometers to a liter. With a fuel tank capacity of 66 liters, you would be able to do a great deal of exploring before worrying about running out of gas. In the concrete jungle, driving the Grand Vitara is a blast,handling is light and precise. Squeezing in through narrow gaps in traffic won’t be a problem, just be mindful of the large side mirrors. The ride is a bit on the firm side but the trade-off is the excellent composure when taking corners. You’ll find driving on twisty mountain roads quite entertaining. Speaking of which, this elegant compact SUV is loaded with technology to keep your passengers from boredom when stuck in traffic. It comes with an android-ready touchscreen entartainment system which not only plays music from multiple sources, you can also watch movies via DVD or USB. Heck, your kids can even sing-a-long to Moana tunes through Youtube. Morever, the auto climate control system did an amazing job of keeping all occupants comfy amidst the terrible summer heat. The Grand Vitara offers an impressive 398 liters of boot space. If all 5 seats are not going to be occupied, the split-folding second row gives way to allow a total of 758 liters of cargo space. This definitely puts the “U” in SUV. The Grand Vitara Special Edition variant you see on the photos is priced at P 1,210,000 and it comes with dual airbags, ABS with EBD and gorgeous 18-inch wheels all with disc brakes. Another variant with 17-inch wheels is available at P1,160,000 but if you are in the market for an elegantly sporty SUV, always go with more grandeur.

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Phoenix Petroleum wins in LANDBANK’s Gawad Kaagapay Awards

August 28, 2017

Phoenix Petroleum won second place as Outstanding Large Corporation II under the non-agri-based category in Land Bank of the Philippines’ Gawad Kaagapay Awards 2017 held on August 14 at Pasay City. The company was represented by Phoenix Petroleum Vice President for External Affairs, Business Development, and Security Atty. Raymond Zorrilla, Chelsea Shipping Vice President for Finance Igna Braga, and Phoenix Treasury Manager Karen Almacen. The award was given to Phoenix Petroleum for its investment in rural advancement through supporting its priority sectors such as small and medium enterprises. Part of the selection process included a visit to the oil company’s terminal in Davao City by a panel of experts and judges from LANDBANK to determine if parameters on operations, sustainability, relationship with the bank, community service, performance, and direction of the business were satisfied. The Gawad Korporasyon KAagapay sa Ating GAnap na tagumPAY (GAWAD KAAGAPAY) was launched by the Land Bank of the Philippines as a fitting accolade for its clients who have been strong partners of the bank and have been providing their significant share in community development. Recently, Phoenix Petroleum was also given an Outstanding Filipino Franchise award for the second time in the 2017 Franchise Excellence Awards.

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Isuzu joins 2017 Transport and Logistics Expo

August 25, 2017

Isuzu Philippines Corporation (IPC) participates in the 2017 Transport and Logistics Philippines slated on August 17 to 19 at the SMX Convention Center in Pasay City. For the three-day program, the authority on diesel-powered trucks and utility vehicles will showcase three models from their existing line-up such as the FVM34 with 32-feet Fruehauf Wing Van body, the EXR5IF tractor head and their EXZ5IK tractor head. Isuzu has been a part of the annual supply hub in the country in 2015. Since then, they have consistently participated in the event aimed to tap the transport and logistics sector, which is the market for their light, medium and up to heavy-duty trucks. This year, IPC participated as one of the major sponsors for the expo, making it their second time to extend partnership since started joining the event in 2015. IPC President Hajime Koso underscored the growth of economy in the increasing numbers of industry players. “The rise of both the conventional market and e-commerce has produced exciting numbers for budding and established industry players,” Koso said. “Such results would lead to the further development of the transport and logistics center, making all stakeholders benefit from this,” he added. Further, the IPC chief said that they are looking forward that the event would continue for the years to come and vowed to be part of the transport and logistics expo as it is a great avenue to all concerned stakeholders where possible clienteles meet. “Events like these provide the much-needed assistance to the buyers, an additional boost on opportunities for industry giants and level the playing field for the new entrants,” he explained. The 2017 Transport and Logistics Philippines is a trade show for supply chain solutions, and has been growing steadily as the needs of the market continuously increases. Buyers can keep themselves up-to-date on the latest products, equipment, and solutions that is set to keep their businesses ahead of the competition.

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Yamaha offers more benefits to Yclub members

August 25, 2017

Yamaha Motor Philippines Inc. has built an incredible community for riders where they can thrive through their passion and dedication for riding. The Yamaha Club began with a special discount privilege for all their members and this 2017, they have created a rewards system to give their riders a greater level of exclusivity. During their recent press conference at the Y-ZONE, they announced that the purchase of any Yamaha Club member of any Yamaha parts,Apparel, Yamalube, and Helmets will now have an equal amount of points which they can exchange for premium items or an inclusion to a special Yclub event. Also, it was the introduction of the sponsors of the club. The Consumer Care Products Incorporated, Petron Corporation, FDR Tires, and Racing Boy. They stated that the involvement of their brand is not only a testment to their dedication to Yamaha Club riders but also the fusion of innovation between the companies. Yamaha Motor Philippines Inc. Sales and Marketing Director Kaoru Ogura alongside Marketing Section Senior Manager, Ryan Jude Camus led the official contract signing and a celebratory toast that marked the beginning of great things for the Yamaha Club.

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