Thursday, March 4, 2010

The ABCs of real estate buy and sell business

MANILA, Philippines - A 12-session mentoring course in real estate buy & sell will be conducted by Urban Institute of Real Estate starting March 17, then March 24, April 7, 14, 21, 28, May 5, 19, 26, June 2, 9 and 16 from 3 to 7:30 p.m. at the Maximo Function Room, Max’s Restaurant, Glorietta 3, Makati City.
Buying and Selling real estate is a very attractive investment alternative and this course was designed for investors seeking a better return for their capital but who need more detailed knowledge on how it is correctly and safely done.
The course will cover real estate-related principles of economics; valuation of vacant lots and improvements, analyzing what causes values to go up and down; techniques in searching for bargain properties; buying techniques and frauds avoidance; techniques on improving price and marketability of real properties; financial aspect of buy and sell and its risks; legal and taxation aspects of buy and sell including legal forms and documents needed and tax computation; and many other related topics.
Main lecturer is Engr. Enrico Cruz, who has more than 40 years of experience in real estate, engineering, construction, management and education; together with Professor Atty. Rex Enrico V. Cruz III. Engr. Cruz is also a licensed real estate consultant and 1st and 8th placer in the real estate appraiser’s and broker’s board examinations respectively, and was invested as a “Real Estate Fellow” by the Philippine Council of Real Estate Educators.

Source: The Philippine Star

DOT steps up assessment system

CEBU, Philippines - The Department of Tourism gears up on intensifying its technical assessment system to accurately measure the tourism sector’s contribution to the Philippine economy.
“We have expanded our assessment to include a more systematic and in-depth analysis of top destinations to provide a clearer insight on the tourism movements throughout the country. Understanding these movements allows us to create strategies to further support the development of these destinations. This system also creates awareness for these places in the national level,” said Tourism secretary Ace Durano.
Top destinations are referred to as those that have at least 100,000 foreign tourists annually and have received substantial tourism-related investments.
Since its adoption in 2008, the new system has propelled several previously unknown local sites to the main tourism circuit, such as Camsur, which enjoyed a 117.25 percent growth in foreign and domestic arrivals in 2009.
The Cebuano tourism chief added that the enhanced system also aims to empower local government units (LGUs) to gather information and generate ideas for tourism development in their area.
“We have actively engaged in a campaign, with the help of Japan, to train local officers in monitoring tourism traffic in their respective destinations. Empowering them builds up their capacity to create policies and strategies to stimulate tourism and boost livelihood in their areas,” said Durano.
Since 2006, the DOT has maintained a partnership with the Japan International Cooperation Agency (JICA) for a statistical-capacity building program in the local government level.
The ongoing campaign, called the DOT-JICA Technical Cooperation Program Management (TCPM), taps more than 100 LGUs to standardize their data collection methodology which is used to analyze tourism information culled from hotels, resorts and other tourism accommodations in their areas.
According to Alan Cañizal of the Tourism Development Planning, the campaign capitalizes on the more attuned perception of locals for mining information about their sites.
“It also generates consciousness among community members, from the top to the grassroots, to manage their own destination and help promote it,” Cañizal explained.
DOT’s new documentation process has also started integrating data collected from the newly-released arrival/departure cards (A/D). Bearing more detailed information on passengers, the new A/D cards include questions on Type of Accommodation, Education/ Training, Official Mission, Religion/ Pilgrimage, Health, and Transit.
 “These innovations are logical and necessary if we want to keep up with the ever- changing market trends. With this detailed breakdown and analysis of data, the tourism industry is able to respond to needs, create demand and serve our foreign and local tourists. All these lead to a more robust tourism industry which translates to more jobs for Filipinos,” Durano concluded

Source: The Freeman Cebu

2GO to expand operations this year

CEBU, Philippines - The total supply chain solutions provider under the Aboitiz Transport System (ATS), 2GO is expanding its operations this year, taking advantage of the dynamic logistic demand in the Philippines.
In an interview with Luigi Cayao, the company’s chain supply consultant, he said that the logistic brand is building a 5,000 square-meter new warehouse or equivalent to a football field this year in Metro Manila.
2GO leverages on unsurpassed local knowledge from over a hundred years of experience and a passion to consistently deliver cargo and information on time while offering simplified solutions to meet the most complex requirements.
It has total control of its network nationwide, operating its own fleet of vessels, aircraft, trucks, container vans, and other delivery vehicles that provide a reliable network of delivery channels.
Already, the company has built large warehouses in Pasig and in Taguig. Combined, these warehouse facilities have a total size of 48,686 square-meters. Last year, the Aboitiz One Distribution Inc., the company that manages 2GO opened the 22,000 pallet positions located in Taguig City.
This year, it will invest on putting up equally sophisticated warehouse, as demand for state-of-the-art storage facility and logistic service is very strong, especially for the fast moving consumer items.
2GO is the first to introduce 136 - a time-based, cost-efficient service that gives customers a time-definite service to get their parcels, documents and cargo to its destination within 1, 3 and 6 days.
Further complementing the freight services for Full Container Load (FCL), 2GO also pioneered the Road RORO Terminal System (RoRo), a superior yet simple, self-driven service that gives back the control to the customers in the movement of their goods. Customers are given priority loading, thereby enabling them to have faster delivery lead-time, reducing costs at unsurpassed speed to market levels, thus ensuring fresher products in the market.
In an earlier interview with ATS president and chief executive officer (CEO) Enrique M. Aboitiz Jr., he said that expansion for ATS has been focused on its value-added business “as we transform beyond being a shipping company to a total transport solutions enterprise.”
In order to boost its supply chain solutions services, via 2GO brand, ATS acquired Scanasia Overseas Inc., a company engaged in the business of sales, marketing, warehousing and transportation of temperature-controlled and ambient food products to its customers in the Philippines.
ATS, the transport and logistics arm of Cebu-based conglomerate Aboitiz Equity Ventures (AEV), had been actively enlarging its logistics network locally and internationally.
To complete its already vast menu of services, 2GO launched its Supply Chain Service in 2007.
With Supply Chain, 2GO handles the release of the goods from the manufacturer to the delivery of the products to trade for end consumers nationwide. The offer to customers is simple - 2GO assures product availability, which in turn translates to product growth through efficiencies brought by the strengths of the 2GO brand.

Source: The Freeman Cebu

Globe Telecom sets capex at $500M

CEBU, Philippines - Telecommunication giant, Globe Telecom is allocating US$500 million capital expenditures (capex) for this year, large part of this budget will be allocated to expand its broadband business.
The Ayala-controlled company reported that US$230 million of the total capex for this year will be spent to augment its existing capacities of its broadband business, including the expansion of coverage and footprint of the Company’s DSL, WiMax, and 3G broadband services.
The company will also spend about US$170 million is also allocated for its mobile telephone business.
The 2010 capex plan also includes about US$50 million for Globe’s fixed line data networks which primarily caters to the corporate and enterprise sector.
It also includes the investment of about US$50 million in additional one-time investments. This covers costs related to Globe’s participation in the new Southeast Asia Japan Cable (SJC) System which will link Singapore, Hong Kong, Indonesia, Philippines and Japan, and which will further increase the capacity and boost the resiliency of Globe’s international network. The SJC is expected to be operational by 2012.
In 2009, Globe Telecom allocated a total of P24.7 billion capex, included carry-over spend related to the Company’s participation in the TGN-A international cable system, FOBN2 or Globe’s second fiber optic backbone network, domestic transmission loops, as well as the expansion and upgrades of the Company’s broadband and mobile networks.
As of the end of 2009, Globe increased its base stations by 22 percent to 10,333 and cell-sites by seven percent to 6,226 to support its 2G, 3G and WiMax services.
Geographical coverage of service revenues stood at 97 percent while population coverage was at 99 percent.
Total capex as a percentage of service revenues registered 40 percent compared to 2008’s 32 percent, the report indicated.
Excluding the one-time investments, mobile capex as a percentage of mobile revenues was at 13 percent, within regional benchmarks for similarly mature markets.
The company closed the year 2009 with net income after tax of P12.6 billion, 11 percent higher than 2008. Excluding foreign exchange, and mark-to-market gains and losses and non-recurring items, the Company’s core net income closed at P12 billion or two percent higher than the previous year.
Mobile revenues on the other hand, declined by four percent due to intense competition and increase preference of subscribers for value offers on the back of weak consumer economy.
However, the decline was partially offset by a 22 percent improvement in fixed line and broadband revenues on the back of robust subscriber growth in broadband, and the continued growth of the Company’s fixed line data business for the corporate sector.
Mobile revenues of the company accounted for 85 percent of total service revenues, down from 88 percent in 2008. Meanwhile, fixed line and broadband increased its share of consolidated revenues from 12 percent to 15 percent in 2009.

Source: The Freeman Cebu

Tuesday, March 2, 2010

Cebu City now Asia's top outsourcing city - survey

MANILA, Philippines - Cebu City emerged as Asia’s top outsourcing city, overtaking Chinese cities Shanghai and Beijing, a survey from one of the global outsourcing advisory firms showed yesterday.
Data from strategic advisory firm for global outsourcing and investments Tholons ranked Cebu City as the top Asian outsourcing city, followed by Shanghai and Beijing in China. Three other Philippine cities were included in the top 18 Asian outsourcing cities: Pasig, Quezon City and Mandaluyong.
However, the survey showed that Makati City, the country’s leading business district has slipped from the survey as a good BPO destination. Tholons showed that Makati City is no longer in the list of Asian cities included in the Top 50 Global Emerging Outsourcing Countries.
 “It is unfortunate that the country’s acknowledged financial capital is losing out in the BPO boom. The impact is being felt by mostly the middle class residents of Makati who would otherwise be recipients of jobs and business opportunities in BPOs, especially call centers,” Makati Vice Mayor Ernesto Mercado said.
He also noted that allied sectors like construction and real estate have also been affected.
“While we read glowing accounts of investors being bullish about the Philippines as a BPO destination, most of them are locating in other cities in Metro Manila. As a result, residents in these cities get better opportunities for employment and livelihood, as well as skills training and education,” Mercado explained.
He said the city government has not been able to match the investments poured in by neighboring cities in education and infrastructure to suit the demands of BPO firms.
He also said the city government’s business support services have deteriorated, turning off many investors including BPO firms.
 “I have received unflattering reports about the way city hall has been treating our businessmen and potential investors. This has greatly contributed to the drop in the city’s overall competitiveness as a business haven,” Mercado noted.
He said Makati needs to regain its competitive edge, starting with a city government-driven campaign to address weaknesses and problems with key business services.
 “Makati needs to regain its competitive edge. The private sector is looking to the city government to institute programs to attract BPO investments. Sadly, city hall does not seem to realize the urgency of the problem,” Mercado said.

Source: The Philipp;ine Star

Monday, March 1, 2010

Robinsons Land a driving force in Cebu

MANILA, Philippines - The strong domestic retail market continues to paved the way for more property developments and expansion not only in major urban centers like Metro Manila but throughout the country. The expansion is being followed rapidly by BPO and call center companies as they moved to the Next Wave Cities.
Cebu has taken advantage of these developments and has landed itself as the premier destination for BPO and call center companies because of the presence of the correct mix of critical infrastructure, ample and appropriate human resources and lower cost. Cebu was selected as one of the highest-ranking BPO destinations in Asia due to high literacy and labor pool, fiscal incentives and competitiveness.
Robinsons Cybergate Cebu, Robinsons Land Corporation’s latest Cebu project that integrates BPO office spaces in its newest shopping and lifestyle mall development has reinforce the company stature as a driving force in the industry and the main developer of BPO sites that offers a total live-work-play environment.

Metro Gaisano chain to employ Mandarin-speaking consultants

CEBU, Philippines - Anticipating an influx of Chinese tourists starting this year, the Metro Gaisano chain of department store and supermarkets is preparing to hire Mandarin-speaking sales consultants to specifically attend to this market.
Margaret Gaisano-Ang, whose family owns the Metro Gaisano chain of department stores and supermarket across the Philippines, said that the company recognizes the importance of the Chinese tourists market to the retail sector in the Philippines.
According to Gaisano-Ang, the number one interest of Chinese travelers is shopping, thus they are considered as one of the high-spender tourists to date.
“Shopping here is cheap for them. We are looking for sales people who speak Mandarin because of the Chinese market,” Gaisano-Ang said.
If not, Metro Gaisano chain will train sales people to learn Mandarin, in order to effective communicate with the Chinese travelers, especially that most of them do not speak or understand English.
The expected invasion of Chinese tourists to the Philippines, especially Cebu with the establishment of regular chartered flights from Guangzou to Cebu, is seen to fuel the retail sector.
Gaisano-Ang said Metro Gaisano chain, is taking advantage of this opportunity to immediately install “Chinese-tourists” friendly facilities in their stores, including the provision of Mandarin-speaking sales assistants.
Chinese tourists are not only regarded as “shopaholic” tourists, splurging on shopping, but they are also known as the invest-consumers, who buy bulk of products, for business purposes back home.
A travel expenditure of one Chinese tourist is equivalent to four to five tourists combined. This means, that Chinese visitors spend more than the traditional foreign tourists.
“Chinese [travelers] are either tourists or investors, they buy in bulk, that’s why in Hong Kong we call them ‘invest-consumers,” a Hong Kong based economist earlier said.
Gaisano-Ang, who also owns a travel agency, the Grand Holiday Travel and Tour Inc., said that Cebu is ready to accommodate the influx of Chinese tourists, starting this year.
DOT record showed that in 2004, there were only a total of 32 thousand Chinese travelers visited the Philippines. The figure ballooned to over 200 thousand last year, with the active promotion of the Philippines to attract Chinese tourists in different areas in China.
Each year, an average of 1.5 million to 1.3 million Chinese travels outside their country, large number of these travelers to go Thailand, as it has effectively marketed its tourism attractions to the Chinese market far way ahead than the Philippines.
Record showed that about 1.3 billion Chinese (and growing) is now starting to travel. About 50 million to 100 million can now afford to travel outside of their country, and regarded as the one of the highest tourist spenders.

Source: The Freeman Cebu

Saturday, February 27, 2010

Symantec unveils new backup software for mid-size businesses

CEBU, Philippines - Symantec Corporation recently unveiled the Backup Exec 2010 to help mid-sized businesses effectively manage their businesses under a very pressured and competitive environment.
“Organizations of all sizes are struggling to effectively manage information growth, particularly as they leverage virtualization technologies, creating new backup and recovery complexities,” said Andre Xavier, regional product manager, Symantec Information Management Group, Asia Pacific and Japan.
De-duplication and archiving have primarily been enterprise-class technologies, but Backup Exec 2010 brings them to the masses to solve difficult IT challenges in an extremely simple and easy to use solution, Xavier emphasized.
According to industry analyst firm IDC, storage capacity is growing within 48 percent to 50 percent each year, placing more data at risk and making the disaster recovery process much slower.
In fact, approximately 70 percent of data is described as “duplicate,” and has not been accessed in more than 90 days.
Organizations that implement an integrated de-duplication and archiving solution can realize up to 20 percent up to 40 percent savings in storage costs and easily find and recover their critical information when they need it, Xavier said.
Delivering on Symantec’s de-duplication strategy, Backup Exec 2010 offers a flexible approach to eliminating duplicate data without adding complexity.
Also, the technology offers integrated de-duplication technology at the client/source and media server, in addition to integrating with third-party de-duplication appliances through the Symantec Open-Storage Technology (OST) program.
De-duplication allows organizations to dramatically reduce backup storage costs by consolidating and re-using existing storage resources, and client-side de-duplication minimizes backup windows and reduces network utilization by up to 90 percent. 
Backup Exec 2010 integrates two new archive options to provide unified backup and archiving for Windows file systems and Exchange environments by archiving data from the backup copy, rather than separately pulling data from the source. Powered by Symantec Enterprise Vault archiving technology, administrators can easily and more efficiently manage their data lifecycles by setting automated retention periods to migrate older, less critical data over time to less expensive storage environments.
The archive options help optimize Exchange and File Server performance by eliminating redundant data at the server to further free up storage space, keep storage at predictable levels and reduce backup windows. 
Backup Exec 2010 is the first backup and recovery software solution to deliver granular recovery for virtual Microsoft applications from a single pass backup. This unique technology enables organizations to reduce business downtime by recovering granular data from virtual environments in just seconds. Administrators can easily restore or redirect an entire application or recover individual emails, mailboxes or file/folders quickly from inside a guest machine – from a single system backup.
Symantec delivers a range of support plans to help Backup Exec customers and partners install and upgrade quickly, and can train employees to leverage advanced functionality and maximize uptime. 
Symantec helps organizations secure and manage their information-driven world with storage management, email archiving and back-up recovery solutions.

Source: The Freeman Cebu

Liloan to control issuance of development permits for socialized housing projects

CEBU, Philippines - Mayor Vincent Franco "Duke" Frasco yesterday issued an executive order that will regulate the issuance of development permits for socialized housing projects.
"The Municipality of Liloan has been very generous and very lenient in granting many subdivision projects focusing on socialized housing projects such that there were residential houses that had been poorly built, without proper drainage, and narrow access to the main road," Frasco said.
Under the law, all subdivision developers are to provide 20 percent of their subdivision projects for socialized housing projects, pursuant to the Housing and Land Use Regulatory Board (HLURB) implementing rules and regulations.
Section 18 of R.A. 7292 states that a Balanced Housing Development requires every developer of a subdivision project to provide 20 percent of the total land area to a socialized housing project.
Frasco, in an interview with The FREEMAN, said there is need to regulate the socialized housing project in his town by taking the initiative of spearheading the construction of socialized housing projects.
Frasco said barangay Jubay has been identified as a site for a socialized housing program.
Under the law, local government units, in coordination with the National Housing Authority, the Housing and Land Use Regulatory Board, the National Mapping Resource Information Authority, and the Land Management Bureau, are to identify lands for socialized housing and resettlement areas for the immediate and future needs of the underprivileged and homeless in the urban areas, taking into consideration the degree of availability of basic services and facilities, their accessibility and proximity to job sites and other economic opportunities, and the actual number of registered beneficiaries.
The mayor said they have the constitutional mandate to deliver basic services such as health, sanitation, peace and order and among others.
"There is an impending need to exercise police power in promoting sound rural planning to ensure health, public safety and general welfare of the residents of Liloan from the ever growing population brought about by the development of socialized housing projects," Frasco said.
Under the Executive Order, the Office of the Building Official and the Municipal Planning and Development Council shall control and regulate the issuance of development permit for socialized housing projects in Liloan.
The Municipal Planning and Development Council and Office of the Building Official shall recommend to the subdivision developer in the application of its development permit to use the identified land of Liloan at barangay Jubay in the development of its socialized housing requirement, either by contributing cash equivalent to the 20 percent of total project cost or by constructing so much number of houses equivalent to the 20 percent of the total project cost.
Frasco said the Office of the Building Official and Municipal Planning and Development Council shall not issue development permits to subdivision developers if the land is not identified as a site for socialized housing project in Liloan.
"No subdivision developer for socialized housing project shall be given a development permit until such time the socialized housing project of Liloan at barangay Jubay is finished," Frasco said.
Section 4 of the Executive Order states that a subdivision developer is construed to have engaged in developing a socialized housing project if the sizes of the lot area developed are below 100 square meters and the number of lots developed exceeds ten in the subdivision plan.

Source: The Freeman Cebu