Archive for the ‘BUSINESS’ Category

1st Phil iCon to gather 600 stakeholders in Davao

DAVAO CITY – The first-ever Philippine Investment Conference (Phil iCon) is expected to gather at least 600 industry cluster stakeholders from all over of the country.

Dubbed as “Investing in Priority Industry Clusters for SMEs: A Conference”, the two-day event is slated on June 25 to 26 at SMX Convention Center at SM Lanang Premier here.

The Phil iCon is spearheaded by the Department of Trade and Industry-Regional Operations and Development Group (DTI-RODG) in partnership with the Japan International Cooperation Agency (JICA).

The event which banners the theme “Industry Clustering Towards Inclusive Growth” is aimed at creating awareness on the cluster-based industrial development strategy through the National Industry Cluster Capacity Project (NICCEP), a technical cooperation project of DTI and JICA.

Furthermore, the event is likewise aimed at promoting various promising industries in the Philippines as investment opportunities for existing and would-be investors, particularly for Japanese businessmen.

The focus industry clusters are: milkfish, dairy, coffee, bamboo, tourism, information and communications technology (ICT), health and wellness, and wearables and homestyles for Luzon; gifts, decors, and housewares (GDH), tourism, ICT, and health and wellness for Visayas; and, banana, mango, coconut, seaweeds, wood, mining, tourism, ICT, rubber, poultry, tuna, and palm oil for Mindanao.

“The over arching goal is to spur development and growth in the countryside with infusion of fresh investments and creation of employment opportunities,” said DTI-Davao Regional Director Marizon S. Loreto, who also chairs the Conference Regional Cooperators’ Committee.

Loreto added that being a convergence of industry leaders, DTI is very optimistic about generating the most necessary inputs and strategies on how to corner more investments for the country’s three islands.

“We all know that more investments means more job opportunities that’s why we really are working double time to make the conference truly successful,” she said.


Army-initiated banana fiber industry going full blast in Compostela Valley

By Anthony S. Allada

The banana fiber industry initiated by the 66th Infantry Battalion of the Philippine Army in New Bataan, Compostela Valley is going full blast next month after the two machines and stock room are now operational.

This was the revelation of Lt. Col. Antonino Florendo, commander of the 66th Infantry Battalion based in New Bataan.

Florendo said the livelihood project ceased to operate for a couple of weeks due to mechanical problem of the machines and now that they are already fixed they can resume the operation that will benefit more Peace and Development Volunteers (PDV) in the area.

He said the idea of putting up a banana fiber industry was hatched when 10th Infantry Division commander Major Gen.  Jorge Segovia noticed the vast banana plantation in New Bataan and neighboring areas.

With this, Segovia tapped the AZTROPEX, an international exporter of banana products, into coming up with a joint undertaking to provide livelihood project to the people of New Bataan, thus the start of the banana fiber-making industry.

The banana fiber production as a livelihood project for the PDVs of New Bataan started last October 28, 2010 when Aztropex conducted a one-day Banana Fiber Production Seminar at the Executive Building of New Bataan which was attended by the soldiers, LGU including the officials from 15 barangays of New Bataan.

As early as this year, the banana fiber industry earned 1,333 dollars equivalent to P60,000 as proceeds of its first exportation to Japan.


Abreeza Ayala Malls: Davao’s own Greenbelt

Abreeza Ayala Malls: Davao’s own Greenbelt

The much-awaited P5-billion project of Ayala Land, Inc. and the Anflocor Group, Abreeza, is now open to the public with about  90 percent  of the spaces available in the three-hectare commercial zone already leased.

Anita Angela B. Ferrer, marketing manager of Accendo Commercial Corp., the company that will run the operations of the project, said the original schedule was to open the first two floors of the mall building in the second quarter while the third floor only in the last quarter of the year.

But because all levels are already filled up with locators, with Robinsons Retail Group operating the department store, the company decided to open all floor levels at one time. She said there are only  few spaces left, pointing out that about 300 concept stores are locating in the mall, which is within a 10-hectare site.

“We have invited local stores that have not tried their luck in malls,” Ms. Ferrer said, pointing out that some of these local locators are handicraft makers that have joined local and even national trade fairs.

Aside from the retail store, the mall will also have a 1,200-square-meter entertainment area. This is to make sure that the mall will become a family destination.

Other than the food spaces on the ground floor, the third floor will also have a food court and four cinemas. One of the theaters will be showing three-dimensional movies.

To decongest the entry of vehicles into the mall, the company is setting up four entrances, among them access roads that are to be rehabilitated. Ms. Ferrer said Accendo has already discussed the issue with the city government to make the access roads available by the time the mall operates full blast.

The company is also ready with the plan for its business process outsourcing building, another three-floor building where two floors will be devoted to retail outlets and the last floor for information and communications technology companies.

At present, the company is coordinating with the Information and Communications Technology Association of Davao to convince local companies to locate into the building. “When the agreement with the locator is finalized, we will immediately start construction of the building,” she said.

Erriberto P. Barriga, Jr., president of the local association, said there were already negotiations with local and Manila-based companies that have signified intention to locate in the city. Mr. Barriga, however, did not identify the companies involved in the negotiations.

The company already broke ground for a boutique hotel, a nine-floor, 148-room structure expected to be completed next year.

Eileen J. Escobido, project development manager of the hotel, said its major selling point is that it is located within the Abreeza project, making it steps away from food centers and other amenities.

The Abreeza project, Ms. Ferrer said, has indicated that the city “has become mature for a project of this magnitude.”

The project groundbreaking took place last 23 September 2008. It was attended by  ALI & Anflocor executives and guests, who witnessed Anflocor Chairman of the Board Antonio O. Floirendo Sr., Ayala Corp. Chairman of the Board Jaime Augusto Zobel de Ayala II, Ayala Land Chairman of the Board Fernando Zobel de Ayala, Ayala Land President Jaime I. Ayala, Ayala Malls and Ayala Businesscapes Group Head Ma. Victoria E. Añonuevo, Head of Ayala Land Vis-Min Emilio J. Tumbocon, Anflocor Vice Chairman Antonio R. Floirendo Jr., Anflocor President Alexander Valoria, Anflocor Senior Vice President Ricardo R. Floirendo, Anflocor Directors Ma. Cristina R. Brias and Vicente R. Floirendo, with Davao City Administrator Wendell Avisado, break the ground at the Abreeza site along J. P. Laurel Avenue.

Abreeza is envisioned to be an integrated mixed-used development that will innovate the city’s urban landscape. It will include a three-storey shopping mall, two Business Process Outsourcing (BPO) buildings and, in the future, a hotel and residential and commercial lots.

Abreeza is not the Ayalas’ first development in Davao City, however. We mustn’t forget that the venerable Insular Hotel (now owned and operated by the Waterfront chain) was built by the Ayala family. The high-end Insular villages were also theirs, as well as the Insular Life and BPI buildings.

Davao City has long been identified as a favorable investment destination for BPO companies, as well as a viable source of skilled manpower. Thus, Abreeza’s first finished product will be the 10,000-sqm building reserved for BPO and IT firms.

The entry of Ayala Land, in partnership with Anflocor, is a gleaming beacon of investor confidence in Davao City. Progress is inexorably in our midst.

The name Abreeza was coined from “breeze” and the Italian word for embrace, “abbraccio”.

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