Today's Top Stories

  • Hospital appeals for sobriety as COVID cases up in CDO

    Hospital appeals for sobriety as COVID cases up in CDO

    CAGAYAN DE ORO CITY: The state-run Northern Mindanao Medical Center (NMMC) appealed Friday for public understanding after the hospital reached its admission limit for COVID positive patients. In a piblic advisory posted in the hospital’s social media platform, the NMMC sought public understanding because the hospital's energency rooms and wards for COVID -19 patients are now “operating beyond its limit “ “However, we will continue to serve and respond to patients with COVID-19 cases and non COVID -19 cases to the best we can,” the advisory read. An OCTA Research Group report released June 8, 2021, ranked Cagayan de Oro City number three nationwide from June 1, 2021 to June 7, 2021 with an average of 118 COVID-19 positive cases per day. A doctor assigned at the NMMC emergency room for COVIID-19 patients, said that they are treating the patuents according to the severity of the infection. In a talked with the Mindanao Daily News, the doctor said that all isolation centers in the city were already full. The hospital ambulances were transporting COVID-19 patients to various isolation ceneters 24/7, tje doctor said. “ We are on duty on a 24-hour cycke without sleep because some doctors and nurses were also sent to isolation centers after they were found positive of the Covid virus,” the doctor who spoke on condition of anonymity said.-0-

    June 12, 2021

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  • 4 killed, 4 wounded in armed skirmishes in Agusan del Norte, Misamis Oriental

    4 killed, 4 wounded in armed skirmishes in Agusan del Norte, Misamis Oriental

    CAGAYAN DE ORO CITY: Two members of the New People’s Army (NPA) and two military men were killed while four other army soldiers were wounded in a separate gun battle with state forces and NPA rebels in Agusan del Norte and Misamis Oriental, a belated military report said Saturday. The military report identified the fatalities as Private First Class Glory A.Sagod, and Sgt. Van A. Tadlas, both of the army’s 29th Infantry Battalion. The identities of the four wounded army soldiers were not immediately released. Lt. Gilo Lauringuez, the team leader of the 29IB, said that the army soldiers made an initial encounter with an undetermined number of armed NPA rebels, serving as blocking forces, in the village of Santiago, Agusan Del Norte teo fays ago resulting in the death of PFC Sagod. Lauringuez said that the government troopers were on their way to resupply another pursuing army unit, which earlier encountered with the NPA rebels of the Guerilla Front 16 of the Northeastern Mindanao Regional Command, when fired upon by the rebels. Earlier, the advance pursuing state forces ran into an lmprovised Explosive Device (IED) planted by the retreating NPA resulting to the wounding of four military personnel and the death of Sgt. Tadlas due to fatal wounds, Lauringuez said. In Misamis Oriental, the army’s 58IB encountered a grouo of armed rebels Tuesday in Salay, Misamis Oriental, which resulted in the death of an NPA rebel and the recovery of an NPA cadaver with a high powered firearm. Lt. Jefferson Mariano, spokesperson of the 58IB, identified the slain NPA rebel as Elly Marianas Cabusog, alias 'Dariel,” a member of Guerilla Front Huawei of the Sub-regional Committee 1 of North Central Mind Mindanao Regional Command (NCMRC). Marianas is a resident of Salahon, part of the mointain village of Alipuaton, Salay, MisMis Oriental. Mariano said that the government troopers also recovered an unidentified cadaver with his M16 rifle, personal belongings and medical paraphernalia. He said that the cadaver was left for dead by his comrades. The bodies of the slain NPA rebels were turned over to the local government in Salay, Misamis Oriental to ne accorded with a decent burial. -0-

    June 12, 2021

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Mindanao Daily News

Bridgestone Philippines’ Safer Road for All: Always in All Ways 2021 Campaign

April 29, 2021

Motoring

By: , A year later into the pandemic, we are still struggling from the ravages brought by the crisis of COVID-19. And just when we are getting back on our feet, cases rose rapidly again. Now, we are back to quarantine and many of us feel helpless. The pandemic has disrupted our economy, communities, and lives for the second time.    2021—a repeat of last year? Lockdown Déjà vu? Bridgestone Philippines refuses we are back to square one.    Recovery may seem far away from where we are standing, but we are persevering and racing towards the finish line. There may be times that we need to slow down and walk, but we are definitely moving forward together.   We have learned time and time again the importance of safety in all aspects of our lives. The pandemic has taught us to make it a priority and Bridgestone Philippines is embracing it.    “Safer Road For All: Always in All Ways” Bridgestone welcomes us with a campaign to look out for the remainder of 2021. This signifies the brand’s leadership on road safety—as they take to greater heights last year’s campaign on “A Safer Road For All.” Bridgestone Philippines aims to elevate the coverage and importance of road safety in the lives of Filipinos, hence, “Always in All Ways”. Serving society with superior quality tires has always been Bridgestone’s mission since its foundation.

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Toyota PH affirms power to lead with unveiling of New Fortuner

October 21, 2020

Motoring

By: , Continuing its streak of digital vehicle launches, leading mobility company Toyota Motor Philippines (TMP) has started the last quarter of 2020 with a highly-anticipated update on one of the most popular models in its lineup – the Toyota Fortuner. The New Fortuner range is headlined by the new LTD variant in 4x4 and 4x2 which comes in an exclusive design, followed by Q and V variants in automatic transmission, and the G variant available in AT and MT.  Starting at Php 1.63M for the G MT variant, TMP assures Filipinos of great value for money with Toyota’s signature quality, durability, and reliability embedded in the DNA of the country’s best-selling and well-loved Sports Utility Vehicle (SUV). During the online launch of the New Fortuner, TMP President Atsuhiro Okamoto recalled how the Fortuner changed the local automotive landscape at a time when entry level sedans and Asian utility vehicles were the affordable crowd favorite. “The Fortuner captured the hearts of many Filipinos as proven by strong sales.  It has an SUV body perfect for the Philippines’ flood-prone streets, an array of variants including a fuel-efficient diesel engine, a macho look that satisfies desires, and most of all, an affordable price – making it an achievable dream!” said Okamoto.  “The new Fortuner is SMARTER, STRONGER and SAFER than ever!  With its refreshed line-up led by the top-of-the-line premium LTD grade, the country’s best-selling SUV just got better!” he added. Since the Fortuner’s entry in the local market in 2005, TMP has already sold over 220,000 units of this highly-recognized SUV. In 2017, the Fortuner was crowned best-selling vehicle in the country. Just this August, the model dominated the mid-sized SUV category with over 30% market share. With the 2020 update, the Fortuner gets more confident, prestigious, safe, further proving itself a formidable and reliable SUV, perfect for any city or off-road drive.   Drive in style, drive to lead The New Fortuner LTD’s look is made more striking and more elegant coming in the 2-tone color black roof color lineup, a bolder and sportier front and rear bumper design, and machine-cut 18” alloy wheels. Split-type LED headlamps and LED front foglamps, sequential turn signal lamps, and the redesigned LED rear combination lamps give the LTD variant a more dynamic design while maintaining visibility on the road. The Q and V variants also get LED foglamps and redesigned LED rear combination lamps, as well as Bi-Beam LED Headlamps with LED Line Guide - Daytime Running Lights. G variants also now come with Bi-Beam LED Headlamps with LED DRL.   Confidence, ease, and control Ingress is smooth and easy with Smart Entry and Push Start System for LTD, Q, and V grades. The LTD variant features an elegant interior in leather with maroon accents, as well as galaxy black trim and interior illumination which adds to the sophisticated interior look of the vehicle. The Q variant also gets the classy black leather interior complemented by a dark wood trim. The driver gets more control over the ride with various modes: Eco and Sport for LTD and Q variants, Eco and Power for V and G variants, and easy access to switches on the steering wheel and through the Apple CarPlay/Android Auto-compatible audio system across all variants. LTD, Q, and V variants feature 8” display audio. Comfort and entertainment is guaranteed the whole journey for the driver and passengers as LTD and Q variants have 8-Way Power Adjust front seats, and Front Seat Ventilation System for the LTD variant. Never lose power with the wireless charger and rear USB chargers available on LTD, Q, and V grades, and experience premium sound quality over the LTD variants’ 9-speaker JBL sound system. Feel at ease throughout the ride with front and rear automatic control for V grades and up.   Made stronger and more efficient The New Fortuner LTD and Q variants are powered by the 1GD-FTV engine which gives 201 HP (204 Ps) max output and 500 Nm max torque, while the V and G variants have the 2GD-FTV engine which gives 147 HP (150Ps) max output and 400 Nm max torque.  The 2GD engine is improved for the New Fortuner V and G variants and enjoys 5% improvement in fuel efficiency versus the previous generation Fortuner.   Toyota Safety Sense now available in the New Fortuner With safety as Toyota’s utmost priority, the New Fortuner is the latest addition to the expanding Toyota Safety Sense (TSS)-equipped models in TMP’s official lineup. Made better and safer than ever, TSS settings previously featured in select Toyota models such as the Pre-Collision System, Lane Departure Alert, and Adaptive Cruise Control are now available for the Fortuner LTD and Q. All variants come with SRS airbags (7 for the LTD variants), 3-pt. ELR seatbelts, Anti-Lock Brake System with Brake Assist and Electronic Brakeforce Distribution, Vehicle Stability Control with Traction Control, and Hill-Start Assist Control. The 4x4 LTD variant also has Downhill Assist Control. All variants also come with a total of 6 clearance and back sonars, in addition to the Panoramic View Monitor that comes with the LTD, Q, and V variants or reverse camera for the G variants.   Pricing The New Fortuner will be available in all of TMP’s 70 dealerships across the country by October 19, 2020. The New Fortuner is also available for safely-distanced viewing in our virtual showroom. Get the full dealership experience online and check out the product highlights, view the interior and exterior in 3D, calculate payments, and submit inquiries direct to any preferred dealer via https://toyota.com.ph/fortuner. For more information on the New Fortuner, visit TMP’s official website at www.toyota.com.ph and follow the official social media pages at ToyotaMotorPhilippines (Facebook and Instagram), @ToyotaMotorPH (Twitter), and Toyota PH (Viber and Telegram).

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Trucks dealer NZH International expands to Mindanao

July 27, 2020

Motoring

By: Mark Francisco, QUEZON City-based NZH International Vehicle & Machinery, Inc. has established its first branch outside Luzon right here in Cagayan de Oro City. NZH Mindanao was inaugurated last Saturday (July 18) in its premises at the heart of the city particularly at Cugman Highway. It is now the fourth branch of the ever growing NZH International Vehicle & Machinery, Inc. which has maintained two more branches in the northern part of the country outside of its flagship dealership in Quezon City. According to NZH International Vehicle & Machinery, Inc. national sales director Robin Lu, they chose Cagayan de Oro as their stepping stone in other parts of the Philippines even in this time of pandemic since the government here has managed the COVID-19 crisis well so as to steer the economy as well. In the words of Maybelle Quilnat of NZH Mindanao herself, she opined that the administration of Mayor Oscar Moreno has recognized the continuing relevance of supply providers such as their business in keeping the economy float and at the same time managing the coronavirus pandemic. At the same time, Quilnat also said that NZH International Vehicle & Machinery, Inc. ventured into the Mindanao market particularly here in Cagayan de Oro City since it is the gateway to the northern part of the island. Quilnat said that industry vehicle providers such as their company are essential especially at this time of the pandemic to keep the movement of supplies stable. NZH Mindanao has a wide range of Shacman dumptrucks, transit mixers, tractor heads, wing vans and cargo trucks. She said that these are used in construction, freight forwarding, aggregates trucking and mining, among others. “Even during the time of pandemic, they continue to operate.” For his part, Moreno expressed his gratitude to NZH International Vehicle & Machinery, Inc. for putting their investments in Cagayan de Oro City in the midst of these trying times, saying they are not just helping to buoy up the economy but their transport conveyances are essential in all sectors. At present, Shacman heavy duty trucks are sold in more than 90 countries, the export and export volume ranking in the leading position of the industry, providing a full range of logistics solutions. Indeed it is here in the Philippines. Lu said the trend of the trucking industry in the country is for the logistics and construction sectors to buy durable equipment over less expensive but unworthy ones. He assured potential clients that NZH International Vehicle & Machinery, Inc. excels in after-sales service in all its dealerships nationwide.

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Toyota Motor Philippines Online E-Sports program – GR Supra GT Cup Asia – Philippines

June 15, 2020

Motoring

By: , This move was brought about by the latest situation where safety is of highest concern to everyone and mass gatherings like physical races are foreseen to be limited in the coming months. “Safety of our customers, employees, and fans are always at the top of our priority,” expressed TMP President Atsuhiro Okamoto.  “But we also recognize the value of waku-doki spirit in everyone!  This is a great way to sustain the excitement of motorsports program in the Philippines in a safe environment.” The GR Supra GT Cup Asia – Philippines, an e-racing event under Toyota’s Gazoo Racing motorsports program, will be fully held online and will be open to the public, ages 18 and above.  “Finally, Toyota fans can participate in our sports program at the comfort and safety of their own homes.  We also expect this activity to reach a wider and younger audience, based on the profile of gamers.”  The online e-race, using Toyota’s legendary sports car icon, the GR Supra, is expected to start in July 2020.  Winners of the e-race will get a chance to participate in the regional finals, the GR Supra GT Cup – Asia. E-Sports in the Philippines have grown in popularity over the years. The addition of E-sports programs in various international competitions, producing Filipino medalists, have further legitimized the sport. The GR Supra GT Cup Asia – Philippines is Toyota’s fun and safe alternative to holding the country’s number one motorsports program, The Vios Racing Festival. Usually held in 3 legs from the second to the fourth quarter, the current situation makes it very challenging for Toyota, the racings teams, the drivers, and public spectators to do this physical event. “We look forward to a better 2021 Vios Racing Festival Season where we can go back to the tracks again and feel the heat and excitement.  But for now, we invite everyone to join the GR Supra GT Cup Asia E-Sports Program,” Okamoto concluded. More details of the GR Supra GT Cup Asia – Philippines will be announced soon.  Stay tuned at Toyota.com.ph and facebook/ToyotaMotorPhilippines to get updates.

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ABB supplies Southeast Asia’s largest battery energy storage system

June 2, 2021

Corporate

By: PR, With the global energy storage system market expected to reach $17.9 billion by 2027 1 , battery energy storage systems (BESS) are emerging as the strongest solution to increase grid flexibility and reliability. With rapid growth rates of 31.4 percent CAGR by 2027 1 projected, countries around the world are increasingly switching to BESS to drive greater grid reliability and broader adoption of renewable energy sources. Battery energy storage systems are particularly suitable for regions that are impacted by grid instability, such as the Philippines. To help improve grid performance in the country, SMC Global Power Holdings Corp. (SMC), one of the major suppliers of power to the national grid in the Philippines, has partnered with ABB to install BESS facilities as part of its nationwide BESS Project, the region’s largest BESS project. As part of a multi-million-dollar contract won in 2019, ABB will support two 20MW sites which will be installed by June 2021, with a further 40MW site in July 2021. The remaining sites will be completed in 2022. Alessandro Palin, President of ABB's Distribution Solutions Division explains: “Battery energy storage systems are transforming the market, driving wider adoption of renewable energy solutions, and helping to improve grid performance across the globe. In support of ABB’s 2030 sustainability commitments, pioneering solutions like the one in the Philippines will ensure that grids are more stable and will satisfy the reliability challenges associated with moving to a stronger mix of renewables.” This project will support the Philippines’ ambitious plans to build a more sustainable future for its communities, by decarbonizing energy generation and ensuring that 54 percent of its energy mix comes from renewables by 2040 2 (a sizeable increase from 29 percent of renewables in 2019). To meet these targets, the country faces several challenges to ensure grid stability, including the length of power lines required to connect the diverse archipelago, as well as intermittent energy supply from wind and solar, which needs storage to act as a frequency regulator. ABB has provided a packaged BESS solution to strengthen the reliability and stability of the local grid on Luzon, the largest and most populous island in the archipelago, and the island of Visayas. Both these fast- developing regions will benefit from BESS as part of the government’s ‘Build, build, build’ program that aims to establish a ‘golden age of infrastructure’ to boost industry and tourism. The solution is designed to avoid large frequency deviations which can result in costly equipment damage and disruptive power system failure. The Philippines project uses ABB’s proprietary software platform ABB Ability™ Zenon to act as the intuitive interface to the BESS, allowing users to make real time decisions based on grid parameters to ensure performance stability. To satisfy the complicated needs of the scheme and ensure easy and quick installation, ABB developed a complete solution that uses standardized building blocks that are scalable and modular. The building block ABB SUPPLIES SOUTHEAST ASIA’S LARGEST BATTERY ENERGY STORAGE SYSTEM 2/2 designs include an integrated combination of Energy Storage Modules and power distribution equipment, that can be increased or reduced in capacity to suit specific site location requirements. The BESS includes the provision of battery enclosures, ABB EcoFlex eHouse, UniGear ZS1 medium-voltage switchgear, integrated skid units, transformers and inverters in one single skid, with a connection to the grid. Installation and energization periods were reduced by up to 30 percent, as all equipment was delivered fully integrated and pretested before arriving on site. Adopting this philosophy also ensured a reduction in site works and associated costs for the customer. Palin concludes: “By combining the knowledge of our Packaging and Solutions Global Execution team, based in Manila, with the local grid knowledge of the SMC team, we are proud to support the most ambitious BESS project in South East Asia.” ABB plans to use learnings from these installations to implement further high-profile BESS projects across the globe. ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com ABB’s Electrification Business Area is a global leader in electrical products and solutions, operating in more than 100 countries, with over 200 manufacturing sites. Our 50,000+ employees are dedicated to transforming how people live, connect and work by delivering safe, smart and sustainable electrification solutions. We are shaping the future trends of electrification, differentiating through technological and digital innovation while delivering an outstanding experience through operational excellence for our customers across utilities, industry, buildings, infrastructure and mobility. For more information visit https://go.abb/electrification                            

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JobStreet goes hyperlocal, launches microsites and virtual career fairs in several regions

April 24, 2021

Corporate

By: PR, Living up to its commitment to provide jobs that matter across the country, leading online job portal JobStreet is going hyperlocal as it launches its dedicated microsite for Cebu, Iloilo, and Davao as well as its upcoming virtual career fair with the selected Department of Labor and Employment (DOLE) Regional Offices in time for the upcoming Labor Day.  The initiatives also help boost the job market in provinces as the public is encouraged to decongest Metro Manila following the on-going pandemic.  Jobseekers from Cebu, Iloilo, and Davao can now browse thousands of jobs available in their locality through the respective microsites. Candidates can also learn from work-life guides and advice from JobStreet’s career hub which will be written in their local dialect.   “Many Filipinos recently returned to their provinces because of layoffs or the new work from home arrangements and this caused a shift in the labor market. We’ve also observed that candidates from major provinces have increased their activities in terms of platform website visits, which is why we really targeted to promote local employment and provide them valuable support in their career through their own dialect,” said JobStreet Philippines Country Manager Philip Gioca. Hyperlocal microsites The microsite for Cebu offers opportunities from the top industries namely Call Center/IT-Enabled Services/BPO (12.5%), Manufacturing/Production (7.6%), Healthcare/ Medical (6.5%), Education (5.5%), and Construction/Building/Engineering (5.2%). The average salary reported in Cebu is Php 31,487.  Candidates from Davao can apply for jobs with an average salary of Php 28,500 as top industries continue hiring such as Call Center/IT-Enabled Services/BPO (8.7%), Healthcare/Medical (7.8%), Education (7.2%), Food & Beverage/Catering/Restaurant (5.6%), and Retail/Merchandise (5.3%).  Meanwhile, thousands of jobs are also found in Iloilo microsite with an average salary of Php 27,370. Top industries include Healthcare/Medical (13.6%), Call Center/IT-Enabled Services/BPO (9.2%), Education (8.3%), Construction/Building/Engineering (5.6%), and Food & Beverage/Catering/Restaurant (5.3%).  As of 2021, JobStreet earned a 13% growth in average platform visits from Cebu, 56% from Davao, and 44% in Iloilo. Moreover, hirers from the said provinces are gradually picking up. Based on JobStreet Database as of March 2021, job offerings based in Central Visayas grew by 9% from a sharp decline in 2020. Western Visayas recently jumped to 44% increase in job openings, while Davao Region is also recovering with 26% job postings this year.      Ensuring that the initiative will be advantageous for both local hirers and candidates, JobStreet is also establishing a local team in each province to accommodate queries.  Labor Day Virtual Career Fair  JobStreet continues to support the Department of Labor and Employment (DOLE) in providing livelihood among Filipinos during this period. Following the success of the recent Virtual Career  Fair, JobStreet partners with selected DOLE regions to launch another Virtual Career Fair on May 1 to 3.  Over 100 companies from Luzon, Visayas, and Mindanao have participated in the upcoming Virtual Career Fair, offering thousands of jobs nationwide. Candidates from different regions will also have a chance to experience engaging features such as live chats, on-the-spot interviews with HR representatives, and companies’ virtual booths. In addition, DOLE Regional Offices will accommodate concerns and questions from candidates via chat in the platform.  Jobseekers can join the online raffle as JobStreet goes live on its official Facebook Page on the first day of the Virtual Career Fair on May 1 at 5:00PM. “We appreciate DOLE and the participating regions for trusting to partner with JobStreet in this initiative. We’re hoping that the Virtual Career Fair would be able to reach out to more jobseekers across the country who are looking for opportunities at this time,” shared Gioca. The Virtual Career Fair is now open for pre-registration through http://bit.ly/JobStreetDOLEVCF.  Provincial microsites are also accessible via http://bit.ly/JobStreetIloilo, http://bit.ly/JobStreetCebu, and http://bit.ly/JobStreetDavao. About JobStreet  JobStreet is a leading online job board presently covering the employment markets in Malaysia, Singapore, Philippines, Indonesia and Vietnam. JobStreet currently services over 230,000 corporate hirers and over 15 million jobseekers in its database. 

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AIA Philam Life provides comprehensive health protection for every Filipino family

March 3, 2021

Corporate

By: PR, If there was one thing we learned from 2020, it’s making sure that health is a top priority. The rising number of cases and deaths caused by the pandemic served as a wakeup call for Filipinos to safeguard their family's wellbeing.   In a recent online event held for the media, AIA Philam Life tapped its protection ambassadors Gary Valenciano, his son Paolo Valenciano and wife Sam Valenciano, to share their personal stories of protection and the importance of passing on the legacy of protection to the younger generation.   Protection is at the core of AIA Philam Life’s mission—to race against risk and protect every Filipino family and empower them to live healthier, longer and better lives. In fulfillment of this mission, AIA Philam Life launched innovative products within the last two years, referred to as the Protection Trinity, designed to help address the basic protection needs of Filipinos: life, critical illness, and medical.   AIA Critical Protect 100 was launched in 2019, providing coverage from 100 critical illnesses, from age 0 to 100. Within the same year, AIA All-In-One was introduced—an affordable non-participating whole life insurance plan which provides financial protection from death, accident, disability, and critical illness, offering comprehensive and guaranteed protection benefit against risks (including natural calamities and riding public transportation) that may be experienced now or in the future.   Last year, the trinity was completed with the launch of AIA Med-Assist, designed to help manage the financial burden of Filipino families due to unexpected medical expenses. AIA Med-Assist bridges the expense gap between HMO and life insurance coverage to ensure savings remain untouched despite hospital confinement for more than 12 hours.   To further strengthen its Protection Trinity portfolio, AIA Philam Life recently launched the newest addition, AIA Health Cover, a peso-denominated variable life insurance plan which provides all-around health and critical illness protection. Tennyson Paras, AIA Philam Life Head of Products, explains, “In developing AIA Health Cover that offers comprehensive health and protection benefits, we give Filipinos a product that can cover them in case they are diagnosed with any of the 91 critical illnesses or get benefits like a daily allowance if they are hospitalized for at least 24 hours.”   Leo Tan, AIA Philam Life Chief Marketing Officer, shares the rationale for the development of the Protection Trinity portfolio, “With the huge protection gap in the country coupled with the low insurance penetration rate, there’s a lot of work to be done in the fulfillment of our mission of racing against risk, and developing the Protection Trinity products was one of the best ways we can achieve that. This is the basic financial need that Filipinos have not been paying attention to these past few years, and with the pandemic bringing into focus the importance of protection, we want to make sure we are offering them the best and complete suite of products to meet that need. By making sure that we have the right products, we go a long way in helping our customers live Healthier, Longer and Better Lives.”   Know more about AIA Health Cover and AIA Philam Life’s protection products by visiting the AIA Philam Life website at philamlife.com, Facebook page at https://www.facebook.com/AIAPhilamLife/, email philamlife@aia.com or call (02)8528-2000.

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Globe announces full year 2020 results

February 17, 2021

Corporate

By: PR, AS a testament to Globe’s commitment to provide internet access to all Filipinos, the Company invested a total of ₱60.3 billion in capex in 2020, surpassing last year’s record level spending by 18%. Also, 2020 capex represented 41% of gross service revenues and 82% of EBITDA. Majority of the capex or about 86% went to data-related requirements to meet the growing data demands of Filipinos nationwide. Full year 2021 cash capex is expected to reach a new record of ₱70.0 billion to execute the Company’s network roll-out strategy that includes aggressive cell site builds, upgrade of all its sites to Fourth Generation/Long-Term Evolution technology (4G/LTE), and fast-tracking the fiberization of Filipino homes nationwide. This record-breaking capital expenditure supports Globe’s continuous modernization of its network to make 5G as well as fiber technology available to customers in more areas in the country. Globe’s massive network investments likewise prove its strong support of the United Nations Sustainable Development Goals, particularly UN SDG No. 9 which highlights the roles of infrastructure and innovation as crucial drivers of economic growth and development. Despite the continuing impact of the Coronavirus disease (COVID-19) pandemic, Globe was able to build close to 1,300 new cell sites or cell towers, up from 1,100 the previous year. Also, the aggressive modernization of its existing network infrastructure resulted to a total of 11,529 site upgrades to 4G/LTE this year, higher than the 10,135 in 2019. Moreover, Globe deployed 5G sites in Metro Manila, as well as certain cities in Visayas and Mindanao making 5G available in 1,045 areas in the country. These network improvements enhanced the customer experience and the Filipino digital lifestyle, and addressed the challenges of the new normal. The new site builds and network upgrades all over the country were validated by an increase in mobile consistency scores across all regions as indicated in the recent report from an independent analytics firm, Ookla®. Its quarterly data shows that Globe's overall Consistency Score in the fourth quarter of 2020 improved to 60.82% from previous quarter’s 56.83%. Globe’s regional mobile Consistency Score™ also improved from the previous quarter in 16 out of 17 regions. In addition, Globe registered increases as high as 10 PPTs (percentage points), with Consistency Scores ranging from 39% and 65% in the last quarter of 2020. Globe financial and operating results for 2020 reported consolidated service revenues of ₱146.4 billion, a moderate decline of 2% from the record level of ₱149.0 billion reported a year ago.

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SEC reminds Normin, Caraga corporations to submit audited financial statement before June 30

June 9, 2020

Money Matters

By: PR, THE Securities and Exchange Commission – Cagayan de Oro Extension Office (SEC-CDOEO) reminds all corporations for the submission of Audited Financial Statements (AFS) which is due this June 30, 2020. The Northern Mindanao and Caraga Regions’ Stock and Non-Stock corporations whose fiscal year ends November 30, 2019 and December 31, 2019 are obliged to submit their AFS together with the General Information Sheet (GIS) otherwise corresponding penalties will incur.       Atty. Renato V. Egypto, Director for SEC-CDOEO in a statement reminds all corporations to file and submit their reports “For all corporations, it is best to file early as now for us to avoid crowd or mass gathering. The SEC-CDOEO has been open to accept submissions since the occurrence of pandemic in the region”.       SEC-CDOEO accepts walk-in submissions from Monday to Friday (8:00AM – 5:00PM). Preemptive measures are observed in the office and thus, clients are directed to follow.       For areas with travel restrictions, clients may send their reports via courier with mailing address: SEC Bldg., Tomas Saco Del Lara Sts., Macasandig, Cagayan de Oro City.       Sending through e-mail (soft copies) is also accepted however will be deemed as partial submission considering that hard copies will complete the requirements. With this, electronic signatures, and unnotarized documents are temporarily allowed. Reports have to be submitted through reports_cdo@sec.gov.ph.       This submission is in pursuance to the Revised Corporation Code, under Sec. 177 (a) which requires all corporations to submit their annual financial statements to be audited by an independent Certified Public Accountant, however, if total assets or total liabilities of the corporation are less than Six Hundred Thousand Pesos (Php 600, 000.00), the financial statements shall be certified under oath by the Corporation’s treasurer or chief financial officer.       The reportorial requirements shall be submitted annually and within such period as may be prescribed by the Commission.       The AFS other than the consolidated financial statements, shall have the stamped “received” by the Bureau of Internal Revenue (BIR) or its authorized banks, unless the BIR allows an alternative proof of submission for its authorized banks (e.g. bank slips).       Late filings shall have corresponding penalties as imposed by the Commission guidelines, and/or may place the Corporation under delinquent status in case of failure to submit the reportorial requirements three (3) times, consecutively or intermittently, within a period of five (5) years. The Commission shall give reasonable notice to and coordinate with the appropriate regulatory agency prior to placing under delinquent status companies under their special regulatory jurisdiction.

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Unemployed persons in R10 rise to 236,000 as of April 2020

June 9, 2020

Money Matters

By: PSA PR, RESULTS of the April 2020 Labor Force Survey shows that unemployment rate in the region registered at 11.1 percent. This is the highest recorded unemployment rate since 2005. Unemployment rate in January 2020 was reported at 3.2 percent while April 2019 unemployment rate posted at 5.0 percent.   In terms of magnitude, the total number of unemployed individuals as of April 2020 reached to 236,000, higher than the recorded unemployed persons in April 2019 at 121,000. In other words, there are 115,000 more individuals who are unemployed as of April 2020 as compared to the same period in the previous year which reflects the impact of CoVID-19 economic shutdown to the labor market.   The region's unemployment rate is lower than the national average of unemployment rate at 17.7 percent. The region also posted the lowest unemployment rate among the 17 regions.   Employment rate in the region fell to 88.9 percent in April 2020 from 96.8 percent in January 2020. In April 2019, employment rate registered at 95.0 percent. This translates to a decrease in the employed persons by around 400 thousand, that is, from 2.3 million employed persons in April 2019 to 1.9 million persons in April 2020.   The region, however, recorded the highest employment rate among the 17 regions of the country.

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PSBank Q1 net income: P646.2m

May 7, 2020

Money Matters

By: , THE Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, recorded a net income of PhP646.2 million for the first quarter of 2020. Net interest income grew 21.8% to PhP3.2 billion versus the same period last year while net service fees reached PhP458.1 million. Net Income for the first quarter of 2020 is lower by 5.1% on increased credit provisioning. Total loan portfolio as of the first quarter of this year grew by 3.6% to PhP165.0 billion coming from the strong demand in the first two months of this year prior to the Enhanced Community Quarantine (ECQ) period. This contributed to total assets growth of 1.8% year-on-year to PhP240.3 billion. Low-cost deposits improved by 10.2% reaching PhP60.6 billion. Gross non-performing loans is stable at 3.7%. PSBank’s balance sheet remains strong with capital of PhP34.8 billion. The Bank’s total Capital Adequacy Ratio (CAR) of 17.2% is well above the regulatory minimum of 10%. “PSBank has a strong balance sheet and capital position coming into this unprecedented situation. Cognizant of the potential impact of the pandemic to the economy, we decided to exercise prudence by increasing provisions to 150% versus previous year. During the quarantine period, the Bank continued to operate 80% of its branches while keeping in place precautionary measures to ensure that our customers and employees are safe. Both customer and IT support were further strengthened to keep our online banking services available 24/7, this being the alternative banking channel during these times,” PSBank President Jose Vicente Alde said. To assist customers during this period, the Bank put together an easy-to-use ‘Quick Customer Enquiries’ module in its website which shows information on daily branch schedules, fraud protection tips, loan payment grace periods, and how-to guides on banking services. PSBank ensured the availability of safe and convenient digital banking services for customers to still do their banking transactions: Check deposit using the PSBank Mobile Check Deposit facility launched in September 2019; Mobile and Online fund transfers via InstaPay and PESONet;  PaSend for mobile cash remittances withdrawable from over 1,000 combined PSBank and Metrobank ATMs nationwide; payment of bills via mobile or online; and 24/7 cash availability in PSBank ATMs. PSBank likewise made it easy for customers to reach the bank through various communication platforms: Chatbot “ISSA” via FB Messenger (Interactive, Speedy & Simpleng Assistant) for quick queries; “LiveChat” if customers wish to interact with our Customer Associates; and our 24/7 Customer Experience Hotline for phone-in concerns. (PR)

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PH seen losing $4.5B in cash remittances due to pandemic in ‘best-case scenario’

April 19, 2020

Money Matters

By: , The Philippines, in a best-case scenario, will likely lose some $4.5 billion (P228 billion) in cash remittance inflows from migrant Filipino workers this year due to the COVID-19 pandemic, the ACTS-OFW Coalition of Organizations said on Sunday. “Without the pandemic, we would have expected the aggregate incoming cash transfers from Filipinos overseas to grow by $1.5 billion (or by five percent) this year,” said ACTS-OFW chairman Aniceto Bertiz III. “However, on account of the severe global economic devastation caused by the pandemic, we now project total remittances to reach only $27 billion this year, or down by $3 billion from $30 billion in 2019, assuming the best possible outcome,” Bertiz, a former member of Congress, said. Bertiz said migrant Filipino workers in the following sectors around the world are bearing the brunt of the economic destruction and job losses: ·      Shipping (both merchant and cruise operations) and shipping-related support services; ·      Aviation and aviation-related support services (including crewing operations, aircraft maintenance and catering); ·      Travel and tour operations; ·      Hotels, resorts and restaurants; ·      Gaming; and ·      Oil, gas and energy exploration and development (including related construction). “The foreign labor markets for Filipino workers – except for medical professionals and technicians – will shrink considerably this year, as the global economy declines,” Bertiz said. The collapse of crude oil prices to $20-$25 per barrel is foreseen dampening to a large extent the demand for Filipino workers – from engineers to construction workers – in the Middle East, Bertiz said. The kingdoms in the region heavily dependent oil and gas income are anticipated to spend less aggressively on new public infrastructure, according to Bertiz. “The global economic recession will also reduce the demand for Filipinos sailors as shipping traffic sinks,” Bertiz said. The Philippines is the world’s second-largest supplier of licensed ship officers and the top provider of unlicensed ship ratings or non-officer crew. Some 450,000 Filipino sailors serve on ocean-going bulk carriers, container ships, oil, gas, chemical and other product tankers, general cargo ships, pure car carriers and tugboats around the world. Global ports operator International Container Terminal Services Inc. (ICSTI) earlier reported that shipping container volumes across its terminals in 20 countries fell by 10-15 percent in March alone, and are expected to decline further in April. Meanwhile, Bertiz said ACTS-OFW is counting on the government to provide financial assistance to Filipino workers overseas who have lost income under the “no work, now pay policy” of their employers. The Overseas Workers Welfare Administration last week began accepting online applications for the $200 (P10,000) cash aid for Filipino workers abroad “who have experienced job displacement due to the host country’s imposition of a lockdown or community quarantine.”

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Naproxen Sodium (Sarimax) says, "What body pain?"

June 8, 2021

Billboard

By: , The effects of COVID-19 are felt to this day most especially economically. People lost their jobs, some needed to close shop after years of existence, others are barely surviving. Needless to say, numerous people found themselves working double to make up for income losses. Challenging as it may be, there is a silver lining as the situation proves how resiliency will get one by. This story is evident in the world more so in the Philippines.  Not only are Filipinos known to be a friendly race; Filipinos are also popularly known to be hardworking. For some reason, the more physical the job, the more effort has to be exerted. Often do we hear the term “Push lang ng push!” Push to keep going, push to finish the task, push not to quit. Pushing the body strength reflects a strong and determined attitude translating that Filipinos will go through great lengths in order to provide for themselves and their families.  With the pandemic, the roster of heroes has evolved from the National Heroes that we know, to the OFWs, and now the Delivery Riders, Service Crew, Medical Front liners, who all spend long hours to cater to the needs of many. And do they deserve the recognition! Real life Lodi! But wait! We can also here them say, “Tao lang po! Kapuy!”  No doubt that the challenges faced in the past year have already caused some concerns on one’s health and bodies especially for this type of workers. Imagine traversing the roads all day to get packages from one point to another, standing countless hours to check patients here and there, pushing the body never ends. Body aches and pains are inevitable though often ignored. Inasmuch as the motivation to go on is there, these manifestations of long working hours also take a toll on the bodies to a point that ignoring it no longer becomes an option. Fortunately, a product that can be brought to work, what can be called a “work buddy”, is available. Naproxen Sodium (Sarimax), from the same makers of Vice Ganda’s endorsement Paracetamol + Propyphenazone + Caffeine (Saridon Triple Action), is ready for the hardworking Filipinos.  There is no stopping the hustle because Naproxen Sodium (Sarimax) provides upto 12 hours pain relief from body pain and arthritis vs. plain Ibuprofen and Paracetamol. This will allow long hours of non-stop work required to provide for the family.  Naproxen Sodium (Sarimax) associate marketing manager Toby Manlapat shares, “The effects of the pandemic are making us work doubly harder so becomes even more important to relieve our bodies from aches and pains to go through the daily grind and allow us to be in a good condition to deliver our tasks and provide for the family. Push!” Naproxen Sodium (Sarimax) is manufactured by the global pharmaceutical company Bayer. Available in leading drugstores in Luzon (Dagupan and Pampanga), Visayas (Cebu, Iloilo, Bacolod), and Mindanao (Davao, Cagayan De Oro, General Santos, Zamboanga). Naproxen Sodium (Sarimax) may also be availed nationwide via Southstar Drug Online (Sarimax for Southstar)  and Watson’s Online (Sarimax for Watsons). Naproxen Sodium is the generic name of Sarimax. If symptoms persist, consult your doctor.    ASC Ref. No. B114N053121SS      

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Kailangang mag-bangko? Pumunta sa RBankMo!

May 12, 2021

Billboard

By: , Isa ka ba sa libu-libong mga Pilipino na parating naghahanap ng malapit na ATM o bangko?   Inilunsad na ng Robinsons Bank ang RBankMo agency banking facility kung saan nakipag-partner sila sa mga piling Premiumbikes store para makapaghatid ng basic banking services sa mga Pilipino lalo na sa mga lugar na walang malapit na bangko.   Hindi mo na kailangang lumayo pa basta't may malapit na Premiumbikes store sa bahay niyo!   Sa RBankMo, maaari ka nang mag-withdraw gamit ang kahit anong Bancnet ATM card, mag-deposit sa iyong Robinsons Bank savings account at magbayad ng bills.   At kung wala ka pang savings account, pwede ka na rin magbukas ng iyong sariling savings account sa RBankMo basta't may dalang isang (1) valid ID.   Sa kasalukuyan, mayroong 50 RBankMo branches sa Premiumbikes at inaasahang madadagdagan pa ito hanggang 200 branches sa mga susunod na buwan.   Siguradong hindi mo na kailangang lumayo para mag-bangko, dahil ang RBankMo, malapit sa’yo!   Sa pagsulong ng financial inclusion, tinitiyak ng Robinsons Bank na patuloy na mabibigyan ng access ang bawat Pilipino sa mga serbisyong pang-pinansiyal.   Robinsons Bank is the financial services arm of the JG Summit Group of Companies, one of the largest conglomerates in the Philippines. It currently ranks 18th among universal and commercial banks in the country, with assets amounting to Php 131.088 Bn as of December 2019. The Bank is recognized as the Fastest Growing Commercial Bank in the Philippines for 2020 by the Global Business Outlook; and the Best Commercial Bank in the Philippines for 2020 by the International Business Magazine. RBank was also recognized as an Outstanding Employer at the PH Best Employer Brand Awards 2020.    For inquiries and concerns, you may reach Robinsons Bank through its Customer Care Center at (02) 8637-CARE (2273) or domestic toll-free 1-800-10-637-CARE (2273); or visit its website at www.robinsonsbank.com.ph. Like us on Facebook at www.facebook.com/robinsonsbank/ and join our Viber Community at www.bit.ly/RBankCommunity to get the latest updates.

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IDC Chairman & CEO for the Philippine European Summit

April 15, 2021

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By: , Italpinas Development Corporation (IDC) Chairman and CEO, Architect Romolo V. Nati, has been invited to participate as a speaker at the 15th Philippine European Studies, with the theme "The Mask We Share: Advancing the Individual's Role in the Collective Climate Action in the Time of Pandemic” to be held on April 17, 2021, via Facebook live show.      The event program has some very prominent speakers lined up such as Dr. Marilen Balolong, Associate Professor for Public Health at UP Manila, Ms. Rio Grace Otara, Youth Programme Officer at United Nations Population, and Mr. Jean-Pascal van Ypersele Former IPCC Vice-Chair (Intergovernmental Panel on Climate Change).      This event will address a mutually and beneficial common feature between the Philippines and Europe. As an expert in green and sustainable architecture, Arch. Nati is expected to emphasize the advantages of promoting sustainable buildings in secondary and tertiary cities explaining that aside from reducing the overall impact on the environment and on human health.      Arch. Nati believes that green buildings are the key for property developers to achieve sustainable urban development in an environmentally friendly manner. Such structures are defined as environmentally responsible and resource-efficient over their full life cycles and proven to be cost-effective with reduced energy requirements.      Current IDC’s green projects, Primavera City, in uptown Cagayan de Oro, and the latest high-rise eco-friendly Miramonti Green Residences in Sto. Tomas, Batangas, has been awarded as Best-Development Mixed-use Development in the Philippines, by the International Property Awards-Asia Pacific, a highly acclaimed award in the worldwide property industry.      With today’s demand for sustainability, IDC has always been a company that stood by its design philosophy in committing to build sustainable real estate projects in harmony with the environment to bring value to investors, end-users, and the community.

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GCash launches over 30 lifestyle brands on GLife

April 14, 2021

Billboard

By: , This current generation is all about doing more with less stress as much as possible, which is why getting easy access to practically everything they need – whether it’s for work or play – has now become more of a necessity than a choice. For these dynamic individuals who want a more hustle, less hassle life, GCash has launched GLife, which caters to all things food, fashion, beauty, technology, and practically everything essential in everyone’s daily life! GLife can be your personal shopper, food delivery driver, errand saver, and service provider all rolled into one. “GLife is designed to be a ‘one-stop shop’ virtual platform that meets customers’ lifestyle needs. You can get everything you need – from food to beauty essentials, to groceries and movie tickets – with just a tap on your smartphone. This means a more convenient way to live your daily life, especially if you’re always hustling from one activity to the next,” explains Martha Sazon, President and CEO of GCash. Here’s what’s on GLife and everything you need to know to enjoy great deals from the brands you love and experience secure transactions all within GCash: GLife makes GCash your new super life app! GLife is a new app feature that’s conveniently located inside your GCash dashboard.  What the app does is it integrates all other apps and curates your favorite brands, shops, restaurants, and services all in one platform, so you can easily access them and pay conveniently using your GCash. With GLife, you don’t need to install extra apps on your smartphone just to access on-demand products and services. With one tap, you can easily browse for entertainment, health, shopping, tech, essential services, and other lifestyle needs, and pay for them effortlessly through fast and secure online transactions. On top of providing all your lifestyle must-haves, GLife is your go-to hub for the latest promos from your favorite brands. This means getting first dibs on the hottest deals that only GCash subscribers will be able to enjoy.  Access your favorite brands and merchants with just a tap GLife has partnered with a multitude of top brands and partner merchants that are practically everyone’s favorite when craving for good food, shopping for the latest beauty and fashion must-haves, ordering for groceries, and much more. The best part? GCash subscribers can look forward to exclusive deals from these brands and merchants when accessing their apps via GLife.   Never go “hangry” again when you can order your favorites easily from McDonald’s, KFC, Tapa King, Gong Cha, Kraver’s, Canteen, Peri-Peri, Classic Savory, Bo’s Coffee, Goldilocks, Kitchen City, or FoodPanda with just a few clicks. Add to cart your fashion or beauty finds and other items sweat-free from Lazada and Bench, get instant shop cashback from Findshare, or get your groceries delivered with no fuss from Puregold. In the mood for gaming? Try Goama Games and win GCash credit vouchers. Need a new gadget? Access the Cherry Shop to get the latest device or DataBlitz to shop for tech finds. You can even manage your Globe at Home account or track or Globe numbers in just a snap when you access the GlobeOne and Globe at Home apps on GLife. Among the other brands and partner merchants that have tied up with GLife are Purego.ph, GOMO, Gawin, GMovies, AIDE, Mr. Speedy, Generika Drugstore and HairMNL. There are many more to come, as GLIfe is continuously expanding its list of merchants to ensure that all the lifestyle needs of today’s customers are catered to. GLife mo na ‘yan! and download the GCash app today at www.gcash.com to enjoy a good balance of work and play. With this all-in-one super life app, switching from pay time to playtime is easier, faster, and of course, much safer. Watch this video to see the all-in-one super life app in action.

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