Philippines Taps German Expertise To Boost Solar Power

Philippines Taps German Expertise To Boost Solar Power

The Philippine government has tapped the German government to help the Department of Energy (DOE) enhance solar its energy development program. Experts from nine German solar companies recently came to Manila to provide training programs to solar companies, distribution utilities electric cooperatives, regulation and administration authorities, project developers, and investors on the current technologies and project development skills for renewable energy. The DOE is pushing for the development of solar energy and other RE technologies to enable isolated areas not connected to the grid to have access to electricity. Moreover, the DOE stressed the importance of RE in the country’s energy mix citing that it has reduced the processing of application to attract more investors. It also noted the county is blessed with various Resources such as wind, solar, hydro, biomass and ocean waves. The DOE said developing RE is now easier because the cost of technologies have dropped sharply over the years. Furthermore, the Small Power Utilities Group of the National Power Corp is pioneering in the development of the country’s first photovoltaic/hybridization project in Limasawa, Leyte province. Through Department Circular 2015-07-0015, the energy department pointed out that RE should contribute 30 percent to the country’s total energy mix, This will be done through the implementation of the FIT (feed-in-tariff) system and other vital provisions covered by the RE Act and and RE IRR (implementing rules and regulations). To ensure the policy is enforced effectively, the DOE will set the following FIT installation targets: 250 megawatts (MW) for hydro, 250 MW for biomass, 400 MW wind, 500 MW for solar and 10 MW for ocean. More than 200 Filipino participants joined the program. The German agency Deutsche Gesellschaft...

ENSURING THE FAMILY BUSINESS LEGACY

To register or to reserve slots just fill out our Registration Form and email us at info@octopusbranding.net   Date: April 29, 2016 Time: 9:30 AM to 4:00 PM Venue: Holiday Inn & Suites, Palm Drive Ayala Center, Makati City Seminar Details: Join us again  as the Renowned ASEAN Family Business Coach, Prof. Enrique “ERIC” Soriano III,  will be launching his second book entitled  “ENSURING THE FAMILY BUSINESS LEGACY” The launching of his book goes with a seminar that has the same title “Ensuring the Family Business Legacy”.   It will be held at Holiday Inn & Suite, Palm Drive, Ayala Center, Makati City on April 29, 2016, Friday, from 9:30am-4:00pm. Succession is one of the realities of business. It is always a challenge to choose the next in line. Transmittal of knowledge is the most crucial because this will be a key to the sustainability of the business. Prof. Soriano will share his insights to the participants on how to pass the torch from one generation to the next. The seminar aims to prepare family business owners on how to ascertain the continuity of their businesses with great success. Should you be interested to join, kindly fill-up the attached Registration Form and email us on or before April 25 to reserve your seat.  Please book early as limited slots are...
Gender Issues In Family Business

Gender Issues In Family Business

There is a general perception that gender issues are not discussed in family business. However, it is the opposite because gender issues will be raised specially the house chores. In short, division on labor will have to be ironed out among family members. Family in Business (FIB) noted that a one child family, the single parent family, the childless family will experience gender equality issues. This is different from a nuclear family which has just a total of four family members-father, mother, son and daughter. FIB decided to focus on the nuclear family. Pursuing an entrepreneurial activity either by the male or female member of the family will result in behavioral changes as they assume additional responsibilities. FIB also pointed out that gender issues will emerge in several categories of the family life cycle. The family life cycle categories are beginning families, childbearing families, pre-school families, school-age families, families launching careers, families in the middle years and age families. The different family categories is possibly the source of “unequal” relationship between the sexes. In this regard, FIB raised several important questions on gender issues affecting nuclear families engaged in business. Questions raised ranged from managerial discretion in domestic and business operations to who is the representative of the family business. Spanish colonialism has a lingering effect on the roles of Filipino men and women in society.The result is a patriarchal society wherein the male is expected to take charge in family and business affairs. Furthermore, this resulted in the marginalization of the Filipina for quite some time. Finally, gender issues have an important role in the family. As expected, the men handles the financial and leadership responsibilities of the house while...
Prime Orion Turns Over Tutuban Center To ALI For P1.4B

Prime Orion Turns Over Tutuban Center To ALI For P1.4B

Property heavyweight Ayala Land, Inc (ALI) recently took over the control of Tutuban Center by paying an initial hefty sum of P1.41 billion in cash. As part of management change, Prime Orion’s top officials recently offered their resignations. Felipe U. Yap as chairman; David C. Go as vice-chairman; Yuen Po Seng as president and chief executive officer; Ronald P. Sugapong as director, treasurer, and chief finance officer; and Daisy L. Parker as director, corporate secretary, chief legal counsel, and compliance officer. Afterwards, Prime Orion designated ALI President Bernard Vincent O. Dy as chairman; Yap, vice-chairman; Jose Emmanuel H. Jalandoni, president; Ruby P. Chiong, treasurer; Rhodora Estrella B. Revilla, chief finance officer and compliance officer; June Vee D. Monteclaro-Navarro, corporate secretary; and Nimfa Ambrosia L. Perez-Paras, assistant corporate secretary. To accommodate ALI’s subscription, Prime Orion said it will file an application with the Securities and Exchange Commission to increase its authorized capital stock to P7.5 billion, divided into 7.5 million common shares with par value of P1 apiece, from P2.4 billion. Moreover, ALI acquired segments of shares controlled by principal stakeholders Guoco Assets (Phil.), Inc. and Genez Investments Corp. With the deal with ALI sealed, Prime Orion’s public float will drop to around 32.16 percent and its foreign ownership level will be reduced to 1.056%. Prime Orion is the owner of the Tutuban Center in the Divisoria Tutuban Complex. The complex is being eyesd as the transfer station for the P287-billion North South Railway Project will connect to the Light Rail Transit Line 2 West Station. The 56-kilometer North South Railway Project will have a commuter rail from Tutuban to...
Vista Land Eyes Provincial Expansion

Vista Land Eyes Provincial Expansion

Vista Land & Lifescapes, Inc. (Vista Land), the property development unit of billionaire businessman Manuel Villar, will continue to expand its presence in the provinces this year despite the challenge of the crisis in the Middle East which could influence the market to overseas Filipinos. Vista Land President and Chief Executive Officer Manuel Paolo A. Villar said the company remains bullish and will be building its presence in 100 provinces in the country. So far, Vista Land has already property development projects in 92 cities and municipalities across 35 provinces. Aside from the possible repatriation of overseas workers from the Middle East due to the rising tensions, Villar pointed out the slight oversupply in the vertical segment of the market as the other major challenge facing the industry. Although the situation is not bad as some people point it based of past events, Villar said the company is taking no chances and is putting all the necessary steps to ensure the situation would be stable. Overseas Filipinos provide 55 to 60 percent of the sales of Vista Land. Government reported that total remittances of OFWs in 2015 totaled $25.7 billion, registering a 4.6% increase than 2014’s $24.6 billion. A big bulk of remittances came from OFWs based in the United States, Saudi Arabia and theUnited Arab Emirates. In case the situation the Middle East aggravates, Villar said resurgence of the US economy could counteract the impact on the residential segment. The amalgamation of Starmalls will be a driver of Vista Land’s earnings this year after finalizing the acquisition of 88.25% of the mall and office developer. Vista Land operates...