business

Small Business Corp. welcomes new president

October 4, 2017

State-owned Small Business Corporation (SB Corp), the micro financing-arm of the Department of Trade and Industry (DTI), recently welcomed its new President and Chief Executive Officer (CEO) Ma. Luna E. Cacanando. Cacanando’s appointment came amid the government’s step to battle loan sharks through affordable and easy access micro-financing program, the Pondo sa Pagbabago at Pag-asenso or P3 program of the administration. Cacanando expressed strong belief in the MSME finance advocacy as an affirmative action in levelling the playing field for young enterprises that have yet to hurdle the age of maturity and for small enterprises that lack sufficient capital to get to expand into a formal business undertaking. “We will push for MSME financing further to help create more entrepreneurs, spur economic growth that will provide jobs to Filipinos,” Cacanando said. Cacanando brings with her more than three decades of MSME development finance experience and industry expertise, mostly as a government executive. She went on an early retirement from government service in February 2016 as Senior Vice President of Small Business Corporation and Head of the agency’s Financing and Capacity Building Sector. Prior to joining SB Corp, Cacanando was Credit Manager of Guarantee Fund for MSMEs (GFSME) until its merger with Small Business Guarantee and Finance Corporation (SBGFC or SB Corp) as the surviving entity in November 2001. Fresh from the University of the Philippines, Los Banos with a degree in Bachelor Science in Agricultural Economics, Cacanando joined the then KKK-Livelihood Corporation in August 1983. Ten years later, she joined GFSME in April 1993. Prior to her appointment as SB Corp Director and election as SB Corp President and CEO last September 6, 2017, Cacanando had the chance to work with the private sector for over a year in the field of MSME finance. Cacanando was also consultant to Country Builders Bank and of ADA Inclusive Finance, a Luxemburg development organization and was Director of Negosyong Pinoy (Venture South) Finance Corporation. Cacanando is an alumnus of the Asian Institute of Management (AIM) where she obtained a Masters degree in Development Management in 1996. She was conferred Career Executive Service Office (CESO) by the Office of the President in 2001 and by the Career Executive Service Board in 1999, at the same time as Career Service Executive Eligible (CSEE) by the Civil Service Commission. Cacanando takes over the helm of SB Corp, enthusiastic that the agency will accomplish its mandate in MSME finance, especially the P3, and its unique role in the national development landscape as defined by the Magna Carta for MSMEs.

READ MORE
SM Foundation distributes hygiene kits to Marawi evacuees

September 26, 2017

In an effort to help people who are affected in the Marawi crisis, SM Foundation Inc. (SMFI) distributes personal care packages to the evacuees. A total of 2,200 families received the hygiene kits from SM Foundation, Inc. during the distribution in Barangays Balo-I, Pantar, Tangcal, Maigo, Tubod and Sultan Naga Dimaporo in Lanao del Norte. Aside from the hygiene kits, SM Foundation also distributed 1,800 mosquito nets to the affected families. Living by its motto “People Helping People,” SM Foundation activates its charity campaign, Operation Tulong Express, which aims to answer the call of those who have been affected by the crisis. Recently, SM Foundation, Inc. also donated personal care packages and radios to the brave soldiers who were injured during the battle in Marawi City.

READ MORE
Suzuki launched 3 bikes, raffled-off 2, at the Motorsiklo Xklusibo’s 8th anniversary celebration

September 25, 2017

Suzuki Philippines is in full force during the Motorsiklo Xklusibo’s 8th anniversary celebration aptly called as MX GR82B8 (MX great to be eight) at Tagaytay International Convention Center (TICC) with the arrival of the brand’s well coveted motorcycles – the Raider R150 Fi and the GSX Series – GSX-R150 and GSX-S150. Over 14,000 riders attended the annual gathering and witnessed the public introduction of the latest Suzuki bikes which have been the topic of all riders’ discussions especially on social media for the past months not only because of their handsome looks but more because of their power and performance. These are: the fuel-injected brother of the Underbone King which is considered as the Pinnacle of Hyper Underbones – the Raider R150 Fi and the revolutionary lightweight sportbikes which came from the renowned Suzuki GSX lineage – the full faired GSX-R150 and the naked GSX-S150. The launch was held as part of MX’s program which was attended by Suzuki Philippines President Mr. Hiroshi Suzuki, Marketing Manager Mr. Monch Bontogon and Regional Sales Manager for South Luzon Mr. Mitsunori Shiraishi with Team Suzuki Pilipinas’ Luzon representative Eane Jaye Sobretodo. Club Suzuki Raiders Philippines (CSRP), the Raider R150 Summit dance contest champion also did an amazing performance at the launch. What served as the highlight of the event was when Suzuki raffled off 2 Raider R150s – a carburetor and a fuel-injected model. The lucky winners were Mr. Roberto Gutierrez of Camarines Sur for the Raider R150 carb and Mr. Rolando Fernandez for the Raider R150 Fi.

READ MORE
Ph exporters confident of double-digit growth in 2017

September 25, 2017

Exporters are confident of a double-digit growth this year on the back of projected firming recovery of major markets, efforts to double funding for overseas product promotions and the peso’s depreciation. Speaking during the recent 3rd quarter general membership meeting, Philippine Exporters Confederation Inc. (PHILEXPORT) President Sergio R. Ortiz-Luis Jr. cited recent business surveys and industrial production data pointing to a firming up of the recovery in the United States (US) and Europe, with the US economy showing renewed strength into next year. The US followed Japan as the top exports markets for the Philippines in July 2017. By economic bloc, the European Union (EU) member countries ranked third, following East Asia and ASEAN member countries. Ortiz-Luis said trade between developing countries, or South-South trade, is also projected to reach one-third of world trade by 2020. He pointed that the BRICS bloc, or Brazil, Russia, India, China and South Africa, is betting more on “blue ocean” for development given their abundant natural resources and strong growth momentum. He said closer cooperation and trade on offshore oil and gas, port construction and logistics on the sea are expected among its member-economies and partners. As China pledged tens of billions of dollars in infrastructure financing and development aid as part of its One Belt, One Road initiative, Ortiz-Luis added that nearly 70 countries have signed agreements with China to promote economic integration and free global trade under such initiative. The export group chief noted the EU is also resuming the process of a region-to-region free trade agreement (FTA) with ASEAN and a series of bilateral FTAs, amidst growing concerns of protectionism. This, as some of its main competitors, such as Japan, China and Korea, inked ASEAN agreements. “This complements the result of a recent survey among European firms which showed that they are bullish on the Philippines and are ready to expand their businesses here,” he said during the group’s general membership meeting this week. Moreover, Ortiz-Luis believes that higher budget for overseas product promotions can boost export competitiveness, noting that neighboring competitors are enjoying hefty subsidies that are giving them the competitive edge. Trade and Industry Secretary Ramon M. Lopez has sought the doubling of the government budget for international product promotions to be able to compete with other countries in marketing products and services of micro, small and medium enterprises. Ortiz-Luis further noted the country’s robust economic growth and industry performance, and the peso which is trending to the favor of dollar-generating sectors, like exports. “This gives us a positive signal that demand is recovering… If this trend is sustained, we can be more confident of a double-digit growth. But still, we have a lot of catching up to do given the impressive performance from some Asian economies…,” he said. July’s 13.8-percent export growth brought year-to-date merchandise receipts to $36.569 billion.

READ MORE
BOC’s green lane still on ice

September 25, 2017

With no reports of port congestion so far, the green lane facility of the Bureau of Customs (BOC) will continue to be suspended as the agency’s selectivity system goes under scrutiny, Customs Commissioner Isidro Lapeña said. “The suspension of the green lane continues,” the new customs chief said in a press briefing on September 13. He said they had been monitoring if the suspension would cause congestion at the port and was informed it has not. “There’s no need to lift kasi wala namang (since there’s no) congestion. Let... all these (green lane) cargoes pass through the x-ray,” he said. Lapeña said the suspension, which began on Aug. 30, will “continue as long as needed” while BOC is still reviewing its selectivity system. This has led to shipments now being directed to the yellow or red lane. The suspension came amid congressional inquiries about a shipment of methamphetamine hydrochloride (shabu) worth P6.5 billion that slipped past BOC because it was directed to the green lane. Shipments tagged for the green lane are not reviewed and inspected, while cargoes bound for the yellow lane are subject to documentary review. Shipments tagged for the red lane undergo both documentary review and physical or non-intrusive inspection. Lapeña said that to prevent delays in the release of containers with the continued green lane suspension, he has ordered the use of two standby x-ray machines kept in reserve by BOC to replace malfunctioning units. Under BOC’s selectivity system, 20% of cargoes passing through BOC daily are directed to the green lane, 60% to yellow lane, and 20% to red lane, according to Management Information System and Technology Group deputy commissioner Gerardo Gambala. -- www.portcalls.com

READ MORE
Suzuki car clubs strengthen ties, help communities and the environment

September 25, 2017

Pioneer compact car distributor Suzuki Philippines (SPH) supports the series of activities organized by several car clubs from the growing Team Suzuki Philippines (TSP) family. Accredited car clubs Swift 1.2 Philippines and Vitara Club of the Philippines recently held outreach programs in support of their respective Suzuki vehicles and as part of efforts to reach out to more communities and create a positive impact. Suzuki Philippines Assistant General Manager Cecil Capacete commended the efforts of Swift 1.2 and VCP: “On behalf of Suzuki Philippines, I would like to extend our deepest gratitude for your continued and heartfelt support for the brand. These outreach activities and programs have always been in line with our objectives. They reiterate that our efforts and vision go beyond providing quality and practical compact cars. We are delighted and honored to be an instrument in achieving your goal of making a difference as a means of bringing to more Filipinos the Suzuki way of life.” Swift 1.2 Philippines conducted its first ever outreach program in partnership with the No One In Need Movement. The activity, held at San Diego Restoration Village in Valenzuela City, was participated in by more than 40 kids and community members, who joined the games and program that included singing, drawing and dancing. Prizes were given away to the delight of the kid attendees. The event mirrors the club’s mission to strengthen camaraderie among its members. It also supports Suzuki’s commitment to give more Filipinos a better understanding of the Suzuki Way of Life. “We would like to thank Suzuki Philippines for the support they have given us in making our first outreach activity possible. We at Swift 1.2 were brought together two years ago by our love and support for Swift. Over time, we realized we have more things in common. Wanting to touch other people’s lives and make a difference is among them. We are definitely excited to do more of this in the future,” shares Swift 1.2 Philippines officer Argel Lapuz. Established in 2015, Swift 1.2 quickly expanded over a span of only two years. It currently comprises more than 500 members and is expected to continue growing in the years ahead, a reflection of the success of Suzuki’s most famous hatchback. Equipped with a stylish and elegant façade, Swift continues, without a doubt, to earn favorable market response. VCP recently held a tree-planting activity at the Treasure Mountain in Tanay, Rizal. The event, which was attended by more than 50 members and their families and friends, was capped by an overnight fellowship. The participants bonded during the camping, sharing not just food but laughter, stories and experiences as well to make the VCP family even closer. “As the oldest car club of Suzuki Philippines, we would like to show our sincerest gratitude to the company for their continued support. This year’s tree-planting activity not only provided an opportunity to help the environment but also allowed us members to take some time off our usual routines and bond. We are definitely looking forward to a more fruitful relationship among the VCP members and with Suzuki Philippines,” VCP President Mike Borja said. Unlike the Swift 1.2 that comprises mostly young professionals, the VCP is made up of athletic and adventurous individuals. It currently has more than 550 members. “To Team Suzuki Philippines, we are most grateful for the support you have given the company. You have for many years now continued to work with us amid our heightened efforts to bring our vehicles to more Filipino homes and make Suzuki vehicles every Filipino’s most-trusted companion. Your team spirit has always inspired us—and will continue to inspire us—to forge ahead and gear up for more milestones and successes,” SuzukiPhilippines General Manager for Automobile Mr. Shuzo Hoshikura shared.

READ MORE

Subscribe Now!

Receive email updates from Mindanao Daily News.