Today's Top Stories

  • Australia dumps waste in Mindanao

    Australia dumps waste in Mindanao

    CAGAYAN DE ORO (MDN digital, May 23) Even as the issues on dumping wastes in the Philippines has not been settled, another waste materials were docked at the Mindanao International Container Terminal (MICT) in Tagoloan, Misamis Oriental. At least seven 40-foot container vans of allegedly misdeclared municipal trash arrived at MICT on May 7 from Australia. This, even as the latest trash from Korea and Canada has not been returned yet to these countries. MICT port collector John Simon told reporters they saw seven containers declared by consignee or importer as processed engineered fuel (PEF). Contrary to the reported declaration, he said, the vans contain municipal wastes. Simon said the consignee of said misdeclared items inside the 40-foot container vans was Holcim Philippines, a cement plant company based in Lugait town in Misamis Oriental.  "This is what we called "municipal trash" which can be found in the streets of Manila as well as in other cities. Now, the question is, do we need to accept this kind of waste materials from other countries," Simon asked. The waste materials, based on investigation made by customs personnel were shredded plastics, cellphones, wrappers, chunks of hard plastics, wood chips, soil, paper, fibers, glass cullet and other waste materials. Meanwhile, the regional office of the Environment Management Bureau (EMB) of the Department of Environment and Natural Resources (DENR) based in Cagayan de Oro has revealed that based on their audit and inspection, the container vans contained shredded waste materials which is allowed to be imported in the country. EMB-10 regional director Reynaldo Digamo said that based on DENR exec order dated 2010-06, this type of shredded waste materials do not anymore need importation clearance from DENR if the processed waste materials would be used as an alternative fuel in processing cement. Holcim Philippines, for their part, has maintained all these shredded waste materials were declared properly as PEF which the EMB office also cleared as acceptable was materials to be imported in the country, based on the DENR executive order 2010-06.    Holcim said in a statement "The company uses co-processing technology, wherein qualified materials such as non-recyclable plastics, rubber, textiles, cardboard and wood are used as an alternative to coal in making cement through waste management unit Geocycle."  

    May 24, 2019

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  • The Hottest Craze in Cogon Market - Turkish Shawarma

    The Hottest Craze in Cogon Market - Turkish Shawarma

    TURKISH SHAWARMA STALL IN COGON MARKET GONE VIRAL CAGAYAN DE ORO CITY (MDN digital, May 24) - This is now the latest craze of Cagayanons who want to taste the best past time food in the streets of Cogon Market - the Shawarma in Turkish style. I have not tasted it yet and not even visited this Shawarma Joint in Cogon but by the looks of people trooping to this place every night, I am fully convinced that there is something in this newest craze for food lovers in Cagayan de Oro. If I have time, I will definitely visit this place and maybe interview this cook, whom according to my spy there, he was a Turkish guy. Well, by the look of his beard, I can say, the information was right. But I still have to confirm from the horse's mouth, right?   GONE VIRAL This video posted by Kagay-an Festival on Facebook has now gone viral with 280K views in just one week of posting.  Truly, this latest craze among kagay-anons and city visitors has gone viral, with many food porn loving the taste of this amazing Shawarma, in Turkish style.   WATCH THE VIDEO HERE  

    May 24, 2019

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  • Reyes assumes temporarily as Cocpo director

    Reyes assumes temporarily as Cocpo director

    LT. Col. Reynante Reyes is the new officer-in-charge of the Cagayan de Oro City Police Office (Cocpo), not Lt. Col. Dexter Paje as reported earlier in another newspaper. Cocpo spokesperson Lt. Col. Mardy Hortillosa clarified this in an interview even as he said that Paje would temporarily assume as Cocpo deputy director for administration, the post to be vacated by Reyes. The untimely change in command was triggered by Wednesday's motorcycle accident of Cocpo director Col. Nelson Aganon, who is currently in a two-week induced sedation. Hortillosa explained that Reyes was supposed to assume in his new role as Police Regional Office (PRO) 10 deputy director for intelligence when the accident happened. "Prior sa hitabo, ang atong bag-ong regional director Brig. Gen. Rafael Santiago nangita og makatimbang kaniya isip R-2 (Intelligence) ug si Col. Reyes ang nahunahunaan fit for the position," he said. But at around 3:00 p.m. last Wednesday when Aganon executed his final practice in the motorcycle long jump obstacle course as part of mandatory training at the Army's Camp Evangelists here, the police official hit the ground hard after he lost control of his bike midair. Aganon was immediately rushed to a private hospital nearby where physicians induced him to a forced medical coma for a two-week observation after he sustained internal head injuries. The regional police headquarters Camp Alagar immediately halted Reyes' transfer and ordered him to temporarily assume the Cocpo directorship. For his part, Reyes vowed to continue all the programs implemented by Aganon while waiting for his healthy recovery.

    May 24, 2019

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  • Abante Mindanao (Abamin) losses seat in Congress

    Abante Mindanao (Abamin) losses seat in Congress

    CAGAYAN DE ORO (MDN digital, May 23) Abante Mindanao or Abamin lost its bid for a seat in congress based on the final tally made by the Commission on Elections sitting as the National Board of Canvassers during the 2013 Midterm National and Local Elections. The losing party-list started by the Rodriguez's in Cagayan de Oro few years ago did not reach the allowable number of votes in order to occupy 1 seat and represent the marginalized sector in Southern Philippines. MDN tried to contact Abamin's first nominee to shed light on their losing bid in this year's midterm elections but failed. The comelec on Wedneday, May 22, ended its tabulation on the winning partylist groups and proclaimed 51 winners in party-list elections. Two of the party-list groups were able to grab 3 seats and would have three representatives each of these party-list groups. They were ACT-CIS and Bayan Muna, while other party-list groups also got two seats each. They were Ako Bicol, Citizens's Battle Against Corruption (CIBAC), Ang Probinsyano, 1Pacman, Marino, and Probinsyano Ako. Below is the complete list of winning party-list groups proclaimed by Comelec: ACT-CIS - 3 seats Bayan Muna - 3 seats AKO Bicol - 2 seats Citizens' Battle Against Corruption (CIBAC) - 2 seats Ang Probinsyano - 2 seats 1PACMAN - 2 seats Marino - 2 seats Probinsyano Ako - 2 seats Senior Citizens - 1 seat Magsasaka - 1 seat Association of Philippine Electric Cooperatives (APEC) - 1 seat Gabriela - 1 seat An Waray - 1 seat Cooperative Natcco Network (COOP-NATCCO) - 1 seat ACT Teachers - 1 seat Philippine Rural Electronic Cooperatives Association, Inc (PHILRECA) - 1 seat Ako Bisaya - 1 seat Tingog Sinirangan - 1 seat Abono - 1 seat Buhay - 1 seat Duterte Youth - 1 seat Kalinga - 1 seat Puwersa ng Bayaning Atleta (PBA) - 1 seat Alliance of Organizations, Networks and Associations of the Philippines (ALONA) - 1 seat Rural Electronic Consumers and Beneficiaries of Development and Advancement, Inc (RECOBODA) - 1 seat Bagong Henerasyon - 1 seat Bahay - 1 seat Construction Workers' Solidarity (CWS) - 1 seat Abang Lingkod - 1 seat A Teacher - 1 seat Barangay Health Wellness (BHW) - 1 seat Sagip - 1 seat Trade Union Congress Party (TUCP) - 1 seat Magdalo - 1 seat Galing sa Puso Party (GP) - 1 seat Manila Teachers - 1 seat Rebolusyonaryong Alyansang Makabansa (RAM) - 1 seat Anakalusugan - 1 seat Ako Padayon - 1 seat AAMBIS-OWA - 1 seat Kusug Tausug - 1 seat Dumper Philippines Taxi Drivers Association, Inc (Dumper-PTDA) - 1 seat Talino at Galing ng Pinoy (TGP) - 1 seat Public Safety Alliance for Transformation and Rule of Law, Inc (PATROL) - 1 seat Anak Mindanao (AMIN) - 1 seat Agricultural Sector Alliance of the Philippines (AGAP) - 1 seat LPG Marketers Association, Inc (LPGMA) - 1 seat OFW Family - 1 seat

    May 23, 2019

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Honda Unveils the All-New Brio, Comes in Sportier RS Variant

May 6, 2019

Motoring

By: , Honda Cars Philippines, Inc. (HCPI), Honda’s automobile unit in the Philippines, is pleased to introduce the All-New 2019 Honda Brio as Honda’s entry to the A-Segment passenger car category in the Philippines. This is a response to customers who aspire to own and experience Honda’s signature sporty and practical characteristics in an affordable package.      Now on its 2nd generation, The All-New Brio was developed based on the grand concept “Proud Over Class”. The grand concept stemmed from the intention to improve aspects of the vehicle that its users need. With this, the All-New Brio was developed to be one-class above its segment with significant improvements specifically with its dimensions.      The All-New Brio boasts a very spacious interior feel. Given the extended wheelbase, the rear passenger legroom now provides a more comfortable rear cabin space with added legroom compared to its predecessor. As for the cargo space, the All-New Brio also manages to feature a well accommodating 258 Liters of cargo space with the rear seats up thanks to its additional extended cargo area. Given its hatchback body style, cargo capacity can be increased to 710 liters with the rear seats folded down. This flexible interior space allows the All-New Brio to carry various cargo given its compact body size.      Powering the All-New Brio is a new 1.2 Liter 4-cylinder SOHC i-VTEC engine that produces a maximum power of 90 ps at 6,000 rpm and 11.2 kg-m of torque at 4,800 rpm. This is mated to a Continuously Variable Transmission (CVT) developed based on Honda’s Earth Dreams Technology. The engine and transmission combined provide a smooth, powerful off-the-line acceleration and efficient fuel economy for Honda’s new small hatchback. For those who prefer driving a Manual Transmission, a 5-Speed Manual Transmission option will be available for the 1.2 S MT Variant.      Honda will be offering the All-New Honda Brio at the following Special Introductory Suggested Retail Prices until June 2019:      1.2 RS Black Top Navi CVT: Php 732,000      1.2 RS Navi CVT: PHP 727,000      1.2 V CVT: PHP 646,000      1.2 S MT: PHP 585,000.

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Nissan PH Gets Third Spot in Market Ranking, Navara Pick-up Dominates Sales

May 6, 2019

Motoring

By: , Nissan in the Philippines closed its fiscal year with 58.5% growth in March, according to the latest figures released by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI). Nissan rose to third place within the automotive manufacturers ranks, up from sixth place last year. Nissan now holds 11.3% market share amongst CAMPI members, also increasing from last year’s 6.1%.       The Nissan Navara drove the sales record for Nissan, accounting for 47.4% of total sales, and becoming one of the pick-up segment’s top-selling models. Notably, the Nissan Terra already contributed 16.3% of the total sales since the brand started selling the M-SUV last August. Other models that performed well include the Nissan Urvan and Nissan Almera, contributing 16.9% and 14.9% of the total sales, respectively.      “Nissan’s achievements come from putting the customer at the heart of everything we do, and transforming the way people drive and live in the Philippines,” says Atsushi Najima, the new president and managing director of Nissan in the Philippines. “Our success is built upon the strong foundations laid by my predecessors, the people of Nissan, and the dealer network. From here, our goal is to sustain this game-changing growth by focusing on delivering quality service, exceptional customer experience, and exciting products equipped with Nissan Intelligent mobility.”      As part of its future development plans, the company recently announced that it would be launching the Nissan LEAF in the Philippines by 2020. Nissan also has plans to expand its dealership network to more areas in the country and improve its branches through the global retail visual identity known as the Nissan Retail Concept.

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Isuzu Bohol Turns Over 5 Trucks, 6 mu-X to Universal Fuel Solutions

May 5, 2019

Motoring

By: , In a formal ceremony in Cortez, Bohol, wholesale and retail fuel distributor Universal Fuel Solutions received two EXZ and three FVM trucks, and six mu-X midsize SUVs from Isuzu Bohol.      Universal Fuel Solutions, which has been a loyal client of Isuzu Bohol, has attributed much of its operational successes to the reliability, durability, power, and fuel efficiency of Isuzu-branded vehicles distributed exclusively by Isuzu Philippines Corporation (IPC) and its authorized dealership network, of which Isuzu Bohol belongs.      Universal Fuel Solutions also lauded IPC and Isuzu Bohol for its comprehensive customer support programs that comprise the Isuzu Advantage. Only IPC and its authorized dealers can offer a nationwide dealer network of over 40 outlets complete with servicing facilities, reliable and prompt nationwide parts availability, and teams of expert service technicians and field support personnel on call to provide technical assistance whenever and wherever needed. IPC also extended various training to customer such as safety driving, eco-driving techniques, and maintenance training to support their operation.      Universal Fuel Solutions considers IPC’s nationwide network of aftersales customer support programs truly advantageous for its own business and operations, which has also expanded nationwide.

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Nissan Announces Atsushi Najima as President and Managing Director for the Philippines

April 23, 2019

Motoring

By: , Nissan announced the appointment of Atsushi Najima as the new president and managing director for Nissan Philippines, effective April 01, 2019. Atsushi will report to Vincent Wijnen, senior vice president for sales and for marketing at Nissan Asia & Oceania. He will be based in Manila.      In his new role, Atsushi will be responsible for developing business strategies to maximize Nissan’s overall performance, managing product introductions and expanding the availability of the Nissan brand in the Philippines under its midterm plan Nissan M.O.V.E. to 2022.      “With his rich experience in managing teams across multiple countries, I am confident that Atsushi will continue to drive the strong growth trajectory established by the current leadership team,” said Vincent.      “Under the strong leadership of Ramesh Narasimhan, Nissan has seen significant growth in the promising Philippine market.  In calendar year 2018, Nissan’s sales volume in the Philippines grew by 40% to an 8.7% market share,” Vincent added.      Atsushi joined Nissan in 2016 as deputy general manager of Nissan’s regional financial management group in Japan. Prior to this, he spent 18 years at Procter & Gamble across Asia, holding various finance and general management roles in the Philippines, Singapore and Japan. Ramesh Narasimhan will be taking the role of president for Nissan Thailand.

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Economic expansion drives utility’s growth

May 19, 2019

Corporate

By: , The AboitizPower-led Davao Light and Power Co. (Davao Light) sees bright prospects in its franchise area in the next three to five years as robust economic growth continues to spread across the country. Davao Light forecasts to grow its peak demand from 421 MW in 2018 to 546 MW by 2023, which the distribution utility attributes to the growth in real estate businesses, sprouting huge universities, commercial complexes, and business process outsourcing offices. Apart from this, Davao posted an impressive double-digit economic growth of 10.9 percent in 2017, the highest in the region’s history, which can be attributed to the positive performance of the service and industry sectors. “We expect to serve more customers from these industries this year, especially in light of the government’s Build, Build, Build program. The construction boom in the city is a win-win for all sectors,” said Davao Light Director, President, and Chief Operating Officer Rodger S. Velasco. Among the utility’s big customers coming in between 2019 and 2021 are several residential buildings, a hotel, a business park, a multipurpose indoor arena, a factory, and schools. For this year alone, Davao Light’s franchise area will welcome two manufacturers, a mall, a food complex, a business park, and real estate development. The utility also sees an increase in annual MWh sales from 2,468,191 MWh in 2018 to 3,137,336 MWh in five years. By 2023, Davao Light also estimates to grow its customer base to 504,911 customers from 404,574 last year. To keep up with the development within the respective franchise areas of its utilities, AboitizPower has set aside P3.1 billion in 2019 to modernize its existing distribution assets across the country in the next few years. “We want to take advantage of the robust economic growth in our franchise areas by making sure power is delivered to our customers reliably, sustainably, and at the most cost-effective way. The initiatives we have mapped out for this year and beyond are part of our effort to become world-class and the best at what we do,” said Jaime Jose Y. Aboitiz, EVP and COO of the AboitizPower Distribution Group. Part of this modernization program is the construction of facilities in Davao Light’s franchise area that will add 424 MVA in transformation capacity, further improving network efficiency and reliability. The Davao-based utility is also set to string a total of 228 circuit kilometers of combined sub-transmission and backbone distribution lines to reinforce the existing system. To help improve its efficiency, Davao Light will also implement distribution automation and its advanced distribution management system. In terms of reliability, Davao Light reduced the average duration of power interruptions a customer experiences in a year from 315 minutes in 2017 to 301 minutes in 2018, which can be attributed to faster response time on the utility’s end. However, the average number of interruptions a customer experiences increased from 4.4 in 2017 to 5.2 in 2018, mainly due to ongoing construction works in the city, which affect the utility’s distribution lines. Davao Light is the third largest privately owned electric utility in the country. It holds the franchise for distributing electric power to Davao City as well as Panabo City and the municipalities of Carmen, Dujali, and Sto. Tomas in Davao del Norte. AboitizPower is currently one of the largest electricity distributors in the Philippines with ownership interests in seven distribution utilities including the second and third largest in the country. The distribution subsidiaries of AboitizPower include Visayan Electric Company in Cebu and Cotabato Light and Power Co. in Cotabato, among others. Through the Aboitiz Group, AboitizPower has more than 80 years of experience in the Philippine power distribution sector and has been known for innovation and efficient operations.

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AboitizPower Q1 net income dips by 9% to P3.6 billion

May 16, 2019

Corporate

By: , AboitizPower recorded a consolidated net income of P3.6 billion for the first quarter of 2019, 9% lower than the P4 billion recorded for the same period last year.      Non-recurring losses amounting to P440 million were recognized during the period, compared to the P1.2 billion in non-recurring losses recorded during the same period last year. Without these one-off losses, core net income for the first quarter of 2019 was P4.1 billion, 21% lower year-on-year (YoY), which was largely due to the higher volume and cost of purchased power.      Spot market prices were exceptionally high during the first three months of 2019, and the company purchased replacement power due to outages and over-contracting in preparation for Therma Visayas, Inc. (TVI) coming online. The company recorded consolidated earnings before interest, tax, depreciation, and amortization (EBITDA) of P10.4 billion for the period, 13% lower than the P11.9 billion for the first quarter of 2018.      “It has been a challenging first quarter for the industry and AboitizPower. The planned maintenance shutdown of power plants in preparation for the upcoming elections, coupled with forced outages, resulted in the grid's thinning reserves. Despite this, our customers remain our top priority and we ensured delivery of replacement power from the spot market,” said Emmanuel V. Rubio, AboitizPower Executive Vice President and Chief Operating Officer. Generation and Retail Electricity Supply      AboitizPower’s generation and retail supply business recorded a consolidated EBITDA of P8.6 billion in the first quarter of 2019, 15% lower than the P10.1 billion recorded during the same period last year. This was primarily due to higher volume and cost of purchased power. As previously mentioned, spot market prices were high during the first quarter of 2018, and the company purchased replacement power caused by outages and over-contracting in preparation for TVI’s incoming capacity addition.      Capacity sold for the first quarter decreased by 7% YoY, from 3,174 megawatts (MW) in 2018 to 2,947 MW in 2019.      “We are excited with new supply contracts and new power plants that have started to deliver power to the grid, which should contribute to our bottom line starting this year,” Rubio said.      “We will continue to pursue our renewable energy projects as we look forward to the implementation of the Green Energy Option Program and Renewable Portfolio Standards. We are committed to continue providing the country with adequate power supply that is affordable and sustainable,” Rubio added. Distribution      AboitizPower’s distribution business, meanwhile, recorded consolidated EBITDA of P1.9 billion, 3% higher than the P1.8 billion recorded last year.  The company saw energy sales increase to 1,343 gigawatt-hours (GWh), which was 3% higher than the 1,298 GWh recorded in the first quarter of 2018.  This was driven by the increase in new customers across all segments.  About AboitizPower      AboitizPower is the holding company for the Aboitiz Group’s investments in power generation, distribution, and retail electricity services. It advances business and communities by providing reliable and ample power supply at a reasonable and competitive price, and with the least adverse effects on the environment and host communities.      The company is one of the largest power producers in the Philippines with a balanced portfolio of assets located across the country. It is a major producer of Cleanergy, its brand for clean and renewable energy with several hydroelectric, geothermal and solar power generation facilities. It also has thermal power plants in its generation portfolio to support the baseload and peak energy demands of the country.      The company also owns distribution utilities that operate in high-growth areas in Luzon, Visayas, and Mindanao, including the second and third largest private utilities in the country.

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Harley-Davidson opens Davao dealership

May 16, 2019

Corporate

By: CARMELITO Q. FRANCISCO, DAVAO City — More Harley-Davidson motorcycles could soon be hitting Mindanao’s roads with the recent opening of a dealership here, which also offers after-sales service and original merchandise for the American motorcycle brand. The 500-square meter shop along J.P. Laurel Avenue is controlled by Rdak Global Motors Inc., the Harley-Davidson dealer in Cebu.      “We hope to satiate the craving of the Davao and Mindanao market (for the brand),” said Therese Carmita A. Maligon, marketing manager of the Cebu and Davao dealership in a news conference.      Rdak Global Motors owner Regan Rex T. King said the group decided to expand to Davao to address demand customers and tap “the growing markets in Mindanao.”      Mr. King did not disclose the number of Harley-Davidson owners in the southern islands, but said the market consists mainly of motorcycle enthusiasts who can afford a ride of at least P1.1 million.      This market, he added, always “look for a Harley-Davidson” even if they own other brands.      Mr. King said with the new Davao shop, Rdak Global hopes to ensure that customers “will get the premium experience that (Harley-Davidson) owners so deserve.”      “We want to give a premium customer experience for our customers in this part of the country, especially in having their bikes serviced,” he said.      He added that the company is selling not just high-end motorcycles, but a “total culture and lifestyle.”      “Our customers love to hang out,” he said, which is why it was important to set up more than just a display store.

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Cebu Pacific opens applications for new batch of Cadet Pilots

May 16, 2019

Corporate

By: Cebu Pacific PR, Leading Philippine carrier Cebu Pacific (CEB) is opening applications for a seventh batch of Cadet Pilots to be trained at the prestigious Flight Training Adelaide (FTA) in Australia through CEB’s “study now, pay later, zero-interest” training program. The carrier will be selecting 16 cadet pilots to join six other batches currently undergoing pilot training in Australia. Application period for the seventh batch of Cebu Pacific Cadet Pilots will run from May 17 to 26, 2019. Interested applicants may visithttps://www.surveymonkey.com/r/YFDGFGM to apply for the program starting 12 noon on May 17, 2019. There is no application fee for the program. Only applicants who pass the online pre-screening will proceed with the next stages of the selection process. The selection process consists of interviews, computer aptitude tests, medical examinations, psychological tests and spoken English tests. Only successful applicants undergo an on-site screening for core skills and pilot aptitude tests, among others, where a fee of AU$425.00 (about PHP19,000) will be charged. The Cebu Pacific Cadet Pilot Program is a multi-million dollar initiative that aims to provide a steady flow of highly-skilled, internationally trained airline pilots over the next five years. Applicants must be Filipino citizens who are college graduates who are proficient in English. There are no preferred college degrees, and applicants need only have an average grade of at least 80% or its equivalent in subjects related to Math, Physics and English. Cebu Pacific shoulders the entire cost of the pilot training. Cadet-pilots who successfully complete the training are assured of employment with the carrier. They then reimburse the cost of the program through monthly salary deduction over a maximum of ten years at zero-interest. One of these applicants was Darryl Dave Ditucalan from Iligan City. A certified Electronics and Communications Engineer, Ditucalan graduated Summa Cum Laude from the Mindanao State University-Iligan Institute of Technology. His parents are farmers and local government officials in the province of Lanao del Norte. Ditucalan took a chance and applied for the program. After undergoing a comprehensive selection process, he became part of the first batch of CEB Cadet Pilots. After a year of training in Adelaide, Australia, Ditucalan and 11 other cadets are set to return to the Philippines by mid-June where they are assured of positions as First Officers in the carrier’s pilot corps. “To those wanting to be pilots but are financially or otherwise constrained, take advantage of this opportunity offered by Cebu Pacific. The ten year payback period is very affordable compared to what this career can bring to you and your family,” said Ditucalan. Since the program was launched in late-2017, CEB has deployed 80 cadet pilots to FTA, selected from over 38,000 applicants, with a sixth batch set to depart for training by July 2019. For more information, visit http://www.flyfta.com/pilot-training/cebu-pacific-cadet-program.  About Cebu Air Inc. (PSE: CEB) Cebu Air Inc., operating as Cebu Pacific, is the largest carrier in the Philippine air transportation industry, offering its low-cost services to more destinations and routes with higher flight frequency within the Philippines than any other airline. CEB and subsidiary Cebgo fly to 36 domestic and 26 international destinations, with over 107 routes spanning Asia, Australia, the Middle East, and USA. The Cebu Pacific fleet is comprised of an Airbus A321NEO, 35 Airbus A320, seven (7) Airbus A321CEO, eight (8) Airbus A330, eight (8) ATR 72-500, and 12 ATR 72-600 aircraft. The ATR aircraft are used by Cebgo for inter-island flights where jet operations are not possible. CEB boasts of one of the youngest fleets in the world, with an average fleet age of five (5) years. For bookings and inquiries, guests can visit www.cebupacificair.com or call the reservation hotlines +852-397-33800. The latest seat sales can be found on CEB’s official Twitter (@CebuPacificAir) and Facebook pages. About Flight Training Adelaide (FTA) Flight Training Adelaide (FTA) is a provider of world-class, customized aviation training solutions for the fixed wing and rotary wing industry. FTA is focused on producing future airline and helicopter captains, rather than simply training cadets to obtain a license. FTA caters to sponsored cadets and self-funded students and offers a full range of services, including selection, ab initio and advanced training courses for airline and general aviation students. Located at Parafield Airport in South Australia, FTA started operations in 1982 and over the years has had a number of corporate owners, including Hawker de Havilland and BAE SYSTEMS. In 2005, FTA was purchased by Hong Kong-based Young Brothers Aviation.

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Online hiring in PH continues to experience positive uptrend

April 30, 2019

Money Matters

By: Monster/Ruel, ONLINE hiring in the Philippines witnessed a positive year-on-year growth of 13% between March 2018 and 2019, according to data from the latest Monster Employment Index (MEI). The Healthcare industry recorded the highest demand growth with a 25% year-on-year rise in March. This was closely followed by the Consumer Goods / FMCG and Hospitality industry, both of which recorded a 24% year-on-year growth. Other industries monitored by the index recorded significant positive growth, as well, with the exception of the Education sector, which witnessed an 11% decline between March 2018 and March 2019. The Monster Employment Index (MEI) is a gauge of online job posting activity compiled monthly by Monster.com. It records the industries and occupations that show the highest and lowest growth in recruitment activity locally. When looking at specific job roles, all of the 10 occupations monitored by the Index recorded positive growth in March. Purchase/Logistics/Supply Chain professionals witnessed the highest spike in demand with a remarkable 23% year-on-year growth for the month of March, followed by Finance & Accounts talent with a 20% year-on-year growth in demand. Other occupations that experienced an impressive rise were Healthcare and HR & Admin, which saw 19% and 18% growth, respectively, between March 2018 and 2019. “Online hiring sentiment in the Philippines has been consistently rising, and much of this growth can be attributed to the government’s infrastructural reforms, together with the push for greater foreign investment,” said Abhijeet Mukherjee, CEO of Monster.com – APAC and Middle East. “Finance Secretary Dominguez recently dubbed the Philippines as the region’s next economic powerhouse, and urged American businesses to invest in the local economy. This would be a huge step forward in bringing lasting positive changes to the economy, and would be  bound to inject further growth in the local job market,” he added. The Monster Employment Index is a monthly gauge of online job posting activity, based on a real-time review of millions of employer job opportunities culled from a large representative selection of career websites and online job listings across the Philippines. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.

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Labor official fights back says govt indicators dispel IBON claim on infra project

April 30, 2019

Money Matters

By: PNA/ruel, AN official of the Department of Labor and Employment (DOLE) said excess demand for workers and improvement of wages mean that the “Build, Build, Build” (BBB) flagship program of the government is effective. Labor Undersecretary Ciriaco Lagunzad made this comment after Ibon Foundation took a swipe at the government’s infrastructure program, calling it an ineffective platform for job creation. Lagunzad said the employment surplus of workers and an increase in their salaries in the construction sector are indicators that President Rodrigo Duterte’s program is successful. “Objective indicator is if the workers’ salary increased in sub sector, construction. Remember that is economics, if there is an excess demand for workers for BBB, I’m talking of carpenters, plumbers, electricians, masons, etc,” he said in an interview on Monday. “If there is excess demand and that the wages tend to go up, that means it is effective in that sense.” Lagunzad noted that the surplus in the demand for workers has been reported by other sectors, including the manufacturing sector. “What are the other indicators? Manufacturing companies are already looking for workers in other regions because they cannot get workers here. They have to go to as far as Bicol as the labor here are hired in BBB and some go abroad. So, objectively you’re already looking, you’re seeing already the effects of an excess demand for workers in that sub sector,” he said. “Obviously, the billions and billions that go into construction will necessarily produce demand for more workers, more investments, more demand for labor so that is as far as labor market is concerned,” the DOLE official added. On the criticism that construction jobs under the project is seasonal, Lagunzad explained that those who benefited from projects, which have been completed, are not left alone since it is a continuous cycle. “Hindi naman ganun yun eh, it’s a continuous cycle. Halimbawa, ang mga backward linkages. ‘Yung negosyo ng hardware, pako, bakal, cement hindi ba lumalago ‘yun dahil nga may nagko-construct? So, dito sa backward link ang daming demand n’yan so nagke-create ng trabaho (It’s not like that. It’s a continuous cycle. For instance, backward linkages. The hardware industry, nails, metals, cement -- aren’t they growing because there’s construction? In this backward link, there’s a huge demand which helps create jobs),” he said. Backward linkage is an industry or business that supports another industry or business. “Kapag natapos na mga projects (infrastructure projects such trains, highways etc.) may maintenance ‘yan e. So in other words, these are cycles and that is the economic, the workings of the economy. Hindi ‘yung one time titingnan mo dito hindi ganun ang pag-analyze (When projects are finished, there’ maintenance. So in other words these are cycles and that is the economic, the workings of the economy. You don’t just look at it in a one-time perspective, that’s not how you analyze),” Lagunzad added. With this, he noted that there’s a side effect in the excess demand for workers, where people will find it hard to find carpenters or plumbers or they charge too much to help fix their houses. “Ang danger nga dyan, ‘yung household, mahal na ‘yung karpintero, wala ka ng makuha, mahal ang tubero. That’s the side effect (The danger here is carpenters’ rate become expensive, you can’t find one, plumbers’ rates are also expensive), the DOLE official added. Ibon Foundation earlier said the BBB program of the government is not an effective job-creating program, saying the annual job-creation rate under the Duterte administration is the lowest over the last six administrations. (PNA)

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BDO posts P32.7 Bn income in 2018; 1Q19 Core Earnings up 21%

April 23, 2019

Money Matters

By: , BDO Unibank, Inc. (BDO) reported at its stockholders meeting today its full year 2018 results, with net income hitting P32.7 billion, representing a 17 per cent growth, and beating the P31.0 billion full-year guidance. The bank likewise capped another milestone as the first Philippine bank to surpass the P3 trillion mark in total assets.      The bank attributed its solid performance to strong recurring earnings from its core businesses, with sustained loan and deposit expansion on the bank’s continued branch build out in key growth areas and new markets, particularly the underserved sectors. 1Q19 Results      The bank sustained its growth momentum through the first quarter of this year, with net income advancing to P9.8 billion. This achievement was due to the continued expansion of its core banking operations, recovery of trading gains to normal levels, and strong results from bank fees and life insurance premiums.      Net interest income was a major earnings driver, rising to P27.7 billion on the continued growth in customer loans and CASA expansion, resulting in higher net interest margins. Meanwhile, non-interest income went up to P14.9 billion, led by banking fees and insurance premiums. Trading and FX gains normalized to P2.2 billion from just P24 million a year-ago, given adverse market conditions during 1Q 2018 when the market declined by 7 per cent. Excluding the increase in trading gains, core net income would have risen by 21 per cent.        Operating expenses rose by 22 per cent to P28.3 billion. Exclusive of policy reserves and volume-related expenses, Opex growth would have been 13 per cent due primarily to continuing business and branch expansion as well as investments in IT upgrades implemented early this year. Meanwhile, the Bank set aside P1.3 billion in provisions, with gross non-performing loan (NPL) ratio steady at 1.2 per cent, and NPL cover higher at 163 per cent from 156 per cent in the 1Q 2018. Return on Common Equity (ROCE) however, stood at 11.8%, still below regional peers.      The Bank’s capital base increased to P338.4 billion, with Capital Adequacy Ratio (CAR) and Common Equity Tier 1 (CET1) at 14.0 per cent and 12.4 per cent, respectively.      BDO set its earnings guidance at P38.5 billion for the full-year 2019, as the Bank leverages on its strong business franchise and extensive distribution network while executing its strategy to expand across high-growth areas and underserved segments.

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Personal Remittances Reach US$5.3 Billion for the First Two Months of 2019

April 15, 2019

Money Matters

By: , Personal remittances from overseas Filipinos (OFs) amounted to US$2.56 billion in February 2019, higher by 1.2 percent from US$2.53 billion in February 2018. This brought the cumulative remittances for the first two months of the year to US$5.30 billion, representing a 2.3 percent year-on-year growth, BSP Governor Benjamin E. Diokno announced today.1Personal remittances from sea-based and land-based workers with work contracts of less than one year rose by 8.5 percent to US$0.57 billion in February 2019 from US$0.53 billion in February 2018. This compensated for the 0.43 percent decline in the personal remittances from land-based workers with work contracts of one year or more, to US$1.93 billion from US$1.94 billion. Meanwhile, cash remittances from OFs coursed through banks posted a 1.5 percent growth to US$2.30 billion in February 2019 from US$2.27 billion last year. For the first tw o months of 2019, cash remittances amounted to US$4.78 billion, an increase of 3.0 percent compared to the US$4.65 billion level in the same period last year. This growth was supported by the increase in remittances from both land-based (US$3.73 billion) and sea-based (US$1.06 billion) workers, which rose by 1.0 percent and 10.5 percent, respectively. By country source, the United States registered the highest share of overall remittances for the period at 35.5 percent. It was followed by Saudi Arabia, Singapore, United Kingdom, United Arab Emirates, Japan, Canada, Qatar, Hong Kong, and Germany.2 The combined remittances from these countries accounted for 77.3 percent of total cash remittances for January to February 2019.

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SWU PHINMA Invests P800M to upgrade, renovate school facilities

May 3, 2019

Billboard

By: , Southwestern University (SWU) PHINMA has allocated P800 million for the overall improvement of the campus and facilities. In 2018, the upgrade efforts saw the completion of the renovated School of Medicine building (formerly MHAM, now PHINMA Hall) and Phase 1 of the Southwestern University Medical Center. For 2019, SWU PHINMA is spending P460 million for school facilities that will be built or upgraded between summer and August. Construction will include the second phase of the Main Campus, the Dentistry Building, the School of Health and Allied Health Sciences (SHAHS) Mock Hospital and Nursing Arts Laboratory, and the K-12 Library. The university is also developing other campus facilities including the flooring and ventilation of the University Coliseum, Main Campus’ Dietary, School of Design + Communication’s Tech Hub, and the foreign students’ lounge. “We want to do more in providing our students with the best facilities. The P800-million budget we are spending is partly a manifestation of our belief that education is a passport to a better life and that quality education is one that leads to good jobs that can improve the lives of our students and their families,” said SWU PHINMA Chief Operating Officer Albert Gamboa. The SWU community also recently inaugurated the new seven-floor Dentistry Building slated to be called the SWU Villa. Last year, SWU PHINMA completed the construction of the PHINMA Hall and the first phase of the SWU Medical Center through a budget of P150 million and P185 million, respectively, still taken from the P800-million budget SWU PHINMA had put in to enhance their students’ overall learning environment. “The ongoing construction and facilities upgrades are part of SWU PHINMA’s thrust to provide high-quality hands-on learning experience for our serious and driven students. With the new building and facilities, the students’ learning experience within the university will be significantly enhanced, and will help them achieve their goals of becoming the best that they can be,” Gamboa added. The university improvements is also an integral part of a long-term plan of developing the university town with the university as the focal point in the neighborhood. The integrated community master plan for the SWU Town is a result of the collaboration of Barangays Sambag I and II and SWU PHINMA.  It will also feature a P200-million socialized housing project that will house more than 145 informal-settler families, service centers, and commercial spaces. For more information about SWU PHINMA’s academic programs and admission processes, contact +63 (32) 415 5555 or visit www.swu.edu.ph.

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Nominations for the Philippine Sports Tourism Awards Now Open

May 3, 2019

Billboard

By: , Nominations for the 3rd Philippine Sports Tourism Awards are now open to all sports and tourism-related associations, event organizers, companies and local government units that have excelled in supporting, organizing and managing sports events to attract visitors to their destinations. The prestigious awards will from this year be given annually to the various categories in the private and government sectors for domestic or international events. Introduced by Selrahco Management, a marketing and promotions company focusing on destination and sports marketing, the PSTA is a spin-off of the Sports Tourism Forum which was formed in 2004. PSTA is now managed by Selrahco-Primetime. Previous honorees include Sunrise Events, Inc (2015-2017) as private event organizers, Dumaguete City (2017) and Municipality of Lubao, Pampanga (2017) as government event organizers; Tabuelan 111(2015) and Visit Davao Summer Festival (2017) as domestic event of the year; Ironman 70.3 Cebu (2015) and Ironman 70.3 Asia Pacific Championship (2017) as event of the year;  Philippine Inter-Island Sailing Federation (2015) and Philippine Football Federation (2017) as national sports association of the year; Province of Cebu (2015) and Cebu Pacific Air (2017) for destination marketing; Resorts World Manila Masters (2015) and Century Tuna Ironman (2017) for event sponsorship of the year; Fat Boy 10s Rugby (2015) and Fundlife International (2017) were named charity events of the year, Philippine Airlines was named 2017 airline of the year while Shangri-La's Mactan Resort & Spa romped away with the hotel of the year 2017 award. The prestigious award of destination of the year was won by Clark Freezone in 2015 and Subic Bay in 2017.   Nominations for events held only in 2018 will be considered. The categories are: Destination of the Year, Organizer of the Year (LGU), Organizer of the Year (Private), Event of the Year (Domestic), Event of the Year (International), Destination Marketing of the Year, NSA of the Year, Hotel of the Year, Event Sponsorship of the Year, Airline of the Year, Charity Event of the Year Four new categories are added for this year - Tour Operator of the Year, Sports Venue of the Year, Sports MICE event of the Year, and Media Coverage of Year. Deadline for nominations will be on June 30, 2019. Nomination forms are available online on the PSTA Facebook page at www.facebook.com/ThePSTAwards/. There is no fee in nominating an entry. Only shortlisted nominations will be announced. For more information, call Mr. Gabe Tomboc at +639064067051   or email gabe.selrahco@gmail.com

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Whirlpool launches new products for the Philippine market

May 1, 2019

Billboard

By: , Whirlpool and Excellence Appliance Technologies, Inc. (Exatech) recently introduced three new products in the Philippines.      For twenty-seven years, Whirlpool and Exatech have joined together to bring quality US appliances to Filipino consumers. Coming from a humble beginning as a local appliance retailer, Exatech has grown into an international distributor after its partnership with Whirlpool in 1992.      Now, three new products were launched at the Marco Polo Ortigas Manila Hotel ballroom. Special guests included Mr. Blanco Wong, Managing Director of Whirlpool Southeast Asia, and Mr. Rodrigo Salamoni, Marketing Director of Whirlpool Southeast Asia. Hosted by Ms. Donita Rose, the program consisted of demonstrating the unique product features to the audience.      The first product to be revealed was the MWP 305 ES Vancouver microwave oven. Built with an integrated handle and touch-screen design, this model is perfect even for first-time users. The 30-liter capacity including the grill and steam function also makes it flexible for all kinds of cooking needs.      The next product was the new and improved Bloomwash Inverter Plus washing machine. The Zen Direct Drive Inverter Technology allows a quiet yet high wash performance and ensures high energy savings. Its Hot Wash feature heats up the water up to 45°C to remove different types of stubborn stains and allergens. This was further supported by the lab test done by FAST Lab that showed the low bacterial count after just one wash cycle.      The final product to be launched was the revolutionary Quattro French Door Refrigerator. Equipped with Whirlpool’s patented 6th Sense Technology, it is able to maintain the optimal environment of your food. The Fresh Lock automatically adjusts the temperature to maintain the freshness of fruits and vegetables while the Freeze Lock reduces freezer burns. Meanwhile, its FlexiFreeze compartment allows you to choose three different temperature levels depending on what food you are storing.       Mr. Blanco Wong said, “We are happy to see that Whirlpool is always warmly welcomed here in the Philippines. The products we present today are meant to increase the comfort and security of every Filipino. It’s our goal to provide energy efficiency along with the high quality performance that Whirlpool has been known for for over 100 years. Our future plans will definitely include innovative features and better quality suited for the different needs in the Filipino market. With the support of Exatech, Whirlpool will surely continue to bring delight to our consumers in the years to come.”      The latest Whirlpool Vancouver Microwave Oven, BloomWash Inverter Plus Washing Machine, and Quattro French Door Refrigerator is now available to the public through all leading appliance stores nationwide.  You may check their website at www.whirlpool.com.ph for more information.

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Vivo V15 Pro helps you shoot professional-grade looking images

May 1, 2019

Billboard

By: , Mobile photography is no longer limited to food shots and selfies. These days, even professional photographers rely heavily on their smartphones when capturing images that evoke a lot of emotions. A photo is a great way to communicate a message or even just to update loved ones of a recent trip. It may seem such a waste when an extraordinary location is not properly photographed. It's almost an injustice if the colors of a beautiful garden are either too bright or overexposed. One doesn't have to break the bank to get professional-grade images. The Vivo V15 Pro's 48MP Triple Rear Camera addresses photography issues such as exposure, lowlight conditions, and sharpness, among others. The camera’s AI (artificial intelligence) component elevates mobile photography experience to the next level with its 12MP standard + 8MP super wide-angle + 5MP depth-sensing camera setup. With its 48 Million Quad Pixel Sensor, the Vivo V15 Pro offers photography enthusiasts more than just stunning photos. It is almost certain that the photograph will have a crispier and more natural-looking image compared to those taken with lower megapixels. In travel photography, landscape photos are a must. No portfolio is complete without a shot of the horizon or breathtaking flower fields. Mobile photographers can rely on Vivo V15 Pro's 8MP AI Super Wide-Angle Camera to do the job. Users don't have to change lenses depending on the need of the shot. Just press on the feature and it's ready to immortalize an image. The AI Super Wide-Angle Camera can expand up to 120 degrees, capturing more people and fuller landscape shots. The 5MP Depth Depth-Sensing Camera will add more drama and effects on the captured image. To deliver high-quality 12MP images, the Vivo V15 Pro's main rear camera has a 4-in-1 pixel technology. It means that one large pixel is combined with four pixels so that even in low light or even dark conditions, the images will still come out better. With its Professional Mode feature,the Vivo V15 Pro can pretty much do the work of DSLR cameras. Users who want to learn photography can practice by enabling the smartphone's Pro Mode capabilities. Adjust the aperture when taking a photo in dark or confined spaces such as hotels or function rooms. Test how the shutter speed works by adjusting it when taking a photograph of a race or moving vehicles. One can also play with the Manual Feature when taking photos of a city skyline — at night. However, there is Vivo V15 Pro's AI Super Night Mode that can take multiple photos at different exposures. The finished product is a stunning combination of these shots. Night scenes are difficult to shoot, but through this feature, anyone can achieve a clear and beautiful night scene. This enables images taken with the Vivo V15 Pro to be used in other platforms and not only for social media posts. Still, for Instagrammers who like sharing their photographs to family and friends and feel limited by the available editing features, the Vivo V15 Pro's Editing Features can help them achieve just the right amount of brightness, contrast, or even saturation in their images. Limited time offer Those who want to get the Vivo V15 Pro for its AI camera technology are in for a treat as Vivo is also giving away a set of exclusive perks for those who make advance orders of its latest flagship smartphone. Customers who pre-order the V15 Pro online until April 11 can score a JBL Clip 3 portable Bluetooth speaker, an extended 6 months phone warranty and can also avail of a screen protection warranty, wherein they will only need to pay P500 to have their damaged or broken screens replaced within 6 months from receiving their pre-ordered units. To pre-order the Vivo V15 Pro today, visit https://vivoglobal.ph/v15preorder/. The V15 Pro will be available in the local market starting April 12. Vivo will offer the smartphoneat 0% interest, thru 6-9 months installment payments using major credit cards and Home Credit, at all participating stores nationwide. ### About Vivo Vivo is a leading global technology company committed to creating trendsetting smart mobile innovations and services. Vivo is devoted to forming a vibrant mobile internet ecosystem, and currently owns and operates an extensive network of research operations, with R&D centers focusing on the development of cutting-edge consumer technologies including 5G, AI, mobile photography and next-generation smartphone design. In recent years, Vivo has taken frequent efforts in the sports field and is committed to promoting the mutual penetration of the brand’s diverse fields and diversifying its brand image. Vivo Philippines announced its partnership with the NBA by the end of 2018. Currently, Vivo has over two hundred million users enjoying its mobile products and services around the world. Vivo is present in 18 markets globally and features offline retail stores in over 1,000 cities worldwide. In the Philippines, Vivo is the top3 smartphone brand in terms of market share with 1.5 million users nationwide.

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