corporate

Sharp better solutions for a better life 2

December 4, 2019

With the continuous evolution of technology and the significant role it plays in the everyday lives of people, Sharp Philippines Corporation (SPC) continues to introduce products that aim to incorporate ease and convenience into the Filipino household. SPC’s products are categorized into four sections, or what they refer to as Solutions – that seek to address the needs of consumers. These are: Entertainment Solution, Clean & Comfort Solution, Health & Beauty Solution and Business Solution. Products highlighted last November 28, 2019 at The Madison Events Place complement those that were launched earlier in July. Though SHARP’s global direction is to bring in the latest products with 8K and AIoT technology, the company also devotes its resources in coming up with items packed with technologies that enables efficiency, provides comfort and promotes good health.  The audience was treated to a visual display as well as live demonstrations conducted by their corresponding Product Specialists, showcasing the features and capability of the items.   Entertainment Solution Having introduced the AQUOS 8K LED TV for the Filipino market last July, SHARP now presents its Artificial Intelligence of Things (AIoT) series of Full HD and 4K HDR Android Televisions. Eligible Android TVs are Google Assistant ready, enabling users to interact with their devices and perform tasks such as playing music/videos, searching for the latest news among others, all hands-free. The new line of Android TVs comes with features such as Comfort Mode, a special AV Mode that reduces 50% of blue light. It also has an Advanced Bluetooth version, which allows users to connect the television to their external Bluetooth speakers.  Have your own personal cinematic sound system with the AQUOS Sound Partner AN-SX7A. It is compatible with a wide variety of devices and is extremely portable; resting comfortably on ones shoulders. The Acoustic Vibration System provides powerful sound and heavy bass, ensuring an immersive audio-visual experience that is perfect for when you are playing video games or enjoying the latest shows on Netflix.  Clean & Comfort  Solution      Personal hygiene is an important aspect in a Filipino’s life. Apart from ensuring the cleanliness of our own being, we want this to be reflected in our homes as well; a place considered as a sanctuary for individuals and families alike.      SPC has your well-being in mind; that is why they develop products that help achieve and maintain a fresh, comfortable environment. These are: Washing Machines, Ractive Air Vacuum Cleaner, Mite Catcher, Air-conditioner with AIoT J-Tech Inverter Technology and Air Purifier/Cleaner equipped with SHARP’s original Plasmacluster Ion Technology.      The application or use of these products are not only limited to homes, as they can also be utilized in venues such as offices, schools, hospitals and other establishments with high population densities; sure to benefit its occupants.  Health & Beauty  Solution      We try to keep ourselves healthy through proper exercise and appropriate diet. This also reflects on the food that we consume and how it is cooked. With SHARP’s Healsio Hotcook, healthy cooking is made possible as the natural moisture and original flavor from ingredients together with its nutritional values are retained, compared to conventional cooking. Dishes are hassle-free; with automatic control and various cooking programs depending on your menu, just place all the necessary ingredients and wait until it is finished. Voila! Your meal is now ready to be served.      Looking good is also tantamount to feeling good. When we exert even the littlest effort in fixing ourselves up, be it reporting to work every day or attending an event, we feel much more confident in facing the world. Beauty appliances for women, such as the Hair Dryer, Hair Iron and Curling Ion with Plasmacluster feature lessens dirt and prevents hair damage. The Scalp Massager on the other hand, reduces dry scalp and keeps our hair healthy. Business Solution      Understanding the needs of businesses, SHARP also has dedicated products that cater to the corporate sector through their dynamic displays that project clear and beautiful images for application as digital signages or for business meetings via the internet.      SHARP has also acquired and further developed the Dynabook Laptop, designed for business professionals and workplace environments. Combining their technologies (displays, sensors etc.) with that of Toshiba, they seek to produce market-leading computers and other devices. The Dynabook features a thin design with long-lasting battery and is rated with MIL-STD-810G for utmost durability.        Committed to quality and innovation, SHARP will continue to develop products that will bring Better Solutions for a Better Life to consumers.

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Vista Land, Mitsubishi Estate form joint venture

November 22, 2019

VISTA Land & Lifescapes, Inc. (VLL) has teamed with Japanese real estate developer Mitsubishi Estate Co., Ltd (MEC) to develop a mixed-use, high-rise condominium along Taft Avenue, Manila.      The partnership is being formed through a 60:40 joint venture company between VLL’s vertical development arm Vista Residences, Inc. (VRI) and MEC’s subsidiary Mitsubishi Estate Residence Co., Ltd. (MER).      VLL President and Chief Executive Officer Manuel Paolo Villar said “This joint venture is a testament to the increasing trust and confidence of customers and investors alike in Vista. It highlights our growing profile not just with buyers but also with existing and potential partners, both here and abroad.”      This will be the MEC Group’s first residential development project in the Philippines.      “We are confident that this collaboration shall bring about a skillfully engineered and beautifully designed tower at the heart of the university cluster in Taft, and we hope to explore more opportunities with Vista Land to develop the rich potential of the real estate industry in Asia. We believe this joint venture is only the beginning, paving the way for a long-term and fruitful partnership,” MER Director and Senior Managing Executive Officer Yutaro Yotsuzuka said.      VLL is a recognized authority in homebuilding and community development with established presence all over the Philippines, while the MEC Group boasts of a diversified portfolio that has expanded to international markets including the US, UK, Australia, and other countries in Asia.      This joint venture is an opportunity for both companies to combine their architectural, engineering, and technological expertise for a project that will address the rising demand of the student population in Taft.      The condominium offers over 1,000 residential units spanning 32 stories, plus seven floors of parking spaces and one ground floor featuring various commercial establishments.      It is set to be launched in the first half of 2020, with turnover targeted in the second half of 2024. (PR)

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Del Monte unit starts selling US facilities

November 22, 2019

DEL MONTE Pacific Ltd. said its US subsidiary is improving its capacity utilization, as it has sold or in the process of selling assets of four US-based production facilities.      The listed canned fruit manufacturer told the stock exchange yesterday US subsidiary Del Monte Foods, Inc. (DMFI) sold and transferred its Cambria, Wisconsin operations to Seneca Foods Corp. on Nov. 1.      It also disposed of equipment at its Crystal City, Texas facility and is looking at selling the remaining assets of the factory.      For its facilities in Sleepy Eye, Minnesota and Mendota, Illinois, DMFI already signed a sale agreement and is targeting to complete the deal by the fourth quarter of its fiscal year, or within February to April next year.      “Production at rationalized facilities is being transitioned to other DMFI production facilities in the United States as well as to strategic co-packers. These divestitures will enable DMFI to significantly improve capacity utilization at the remaining plants in its production network,” it said.      Del Monte Pacific announced in August it is divesting these facilities as a way to reduce costs.      Through the initiative, the company said it expects its EBITDA (earnings before interest, tax, depreciation and amortization) margins to increase by about 225-275 basis points (about $50–60 million) over the next two years.      DMFI said it is now on-track to exceed its EBITDA targets for the full-year ending April 2020.      Savings from its cost cutting efforts will be used to expand the company’s brands as it said it wants to ride on the current consumer appetite for “convenient, healthy and tasty plant-based foods.”      Aside from operational changes, Del Monte Pacific said it is currently exploring refinancing the approximately $1.4 billion loan of DMFI. This includes a $442.5-million asset-based loan facility, a $670-million first lien term loan and a $260-million second lien term loan, which are due to expire on Nov. 2020, Feb. 2021 and Aug. 2021, respectively.      “The group has continued to support the capital structure requirements and deleveraging efforts of DMFI, including the purchase, over the last 20 months, of approximately $231 million of DMFI’s second lien term loan,” it said.      Del Monte Pacific posted a net loss of $38.3 million in the first quarter ending July, a turnaround from the net income of $3 million last year, due to one-off expenses from the disposal of its assets in its Crystal City, Texas facility.

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NGCP plans to invest up to P463 billion in next 10 years

November 22, 2019

PRIVATELY owned National Grid Corporation of the Philippines (NGCP) targets to invest up to P463 billion in the next 10 years to improve the country’s power transmission backbone, it said on Wednesday to mark the 10th year of its franchise.      “Our projects, which will be worth P188 billion by end of 2019, and those in the pipeline, are meticulously planned by our engineers and updated year after year with careful consideration for the needs of every single area in the country,” the company said in a statement.      It said the projects in the pipeline, which include alternative transmission corridors and the development of resiliency policies for power transmission facilities, are detailed in its transmission development plan.      NGCP, which holds a 50-year franchise that started in 2009, said it is on-track to complete the Mindanao-Visayas interconnection project (MVIP), which is considered as the largest energy infrastructure in the history of the country. It previously placed its investment in the project at P52 billion.      “We are dedicated to completing the MVIP by December 2020 not only because we committed this, but also because interconnection among the three main grids is long overdue,” it said.      “The interconnection of Visayas and Mindanao was first proposed by government in 1984; but it was private entity NGCP which brought the government’s decades old plan from the feasibility stage to the implementation and completion stage,” it added.      In the coming years, the company said it is set to complete more projects, including the 500-kilovolt (kV) substation projects in Taguig and Marilao; and the 230-kV substation projects in Pasay, Navotas, and Antipolo. These substations will cater to the load growth of Metro Manila. NGCP is also set to complete the Cebu-Bohol 230-kV interconnection project that will accommodate the load growth and provide reliability of Bohol Island; and the Nabas-Caticlan-Boracay interconnection project that will cover the load growth and provide reliability of the Boracay Island. It is also committed to finish the Visayas voltage improvement project to boost the power quality in the area.      In Mindanao, it is targeting to complete the 230-kV backbone project that will upgrade the southern region’s transmission capacity and secure the reliability of power transmission services in the area. It is also upgrading the island’s substation to increase the capacity and improve power quality. The 138-kV Kabacan substation project is expected to help in ensuring power reliability in south western Mindanao.      NGCP, led by majority shareholders Henry T. Sy, Jr. and Robert G. Coyiuto, Jr., said it strives to become the strongest power grid in Southeast Asia and has so far invested P151 billion in the government’s aging transmission system.      “A total of 5,626 transmission structures, 2,472 circuit-kilometers of transmission lines, 18 new substations, 63 upgraded substations, and an additional 15,634 MVA (megavolt ampere) of transformer capacity has been installed in the past 10 years,” it said.

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SB Corp releases P40M in loans to Marawi residents

November 4, 2019

SMALL BUSINESS Corp. (SB Corp), the financing arm of the Department of Trade and Industry (DTI), has released almost P40 million in loans to Marawi City’s internally displaced persons and uniformed personnel to help the city rebuild after the five-month siege in 2017.      “In line with President Rodrigo Duterte’s promise to continue the programs helping our kababayan in Marawi, especially those who have been affected by the siege, DTI will ensure that entrepreneurs will be back on their feet,” DTI Secretary Ramon M. Lopez said.      “Our goal is to bring back the vibrant business of the city, as well as provide jobs and livelihood to Maranaos.”      SB Corp has provided P7.595 million in loans to 457 Marawi entrepreneurs under the Pondo sa Pagbabago at Pag-asenso or P3 program. Each beneficiary availed of loans between P10,000 to P20,000.      Launched in 2017, P3 is a financing program for small businesses intended as an alternative to predatory “5–6” lending schemes.      SB Corp also extended loans to wounded soldiers and the families of those killed in action in the Marawi siege under the Wounded-And-Killed in Action (WIA-KIA), an offshoot program of P3.      As of Oct. 18, P30.92 million has been released to 402 uniformed personnel, with loans ranging between P40,000 to P100,000.      The agency earmarked P50 million in lending for the P3-Marawi program, which includes WIA-KIA.      The loan assistance for Marawi follows Administrative Order No. 03, which mandates the creation of an inter-agency Task Force Bangon Marawi for the recovery, reconstruction, and rehabilitation of Marawi City, including providing livelihood to internally displaced persons in the area.      The DTI leads the business and livelihood subcommittee of Task Force Bangon Marawi, to fast-track the recovery of businesses in the city.

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Bataan Gets Free High-Speed Internet from GoWiFi

October 21, 2019

Orani to be the first municipality in Bataan to enjoy high-quality connections powered by GoWiFi   The historic municipality of Orani in Bataan will soon be able to boast an internet connection that’s easier, faster, and free! With free Internet powered by GoWiFi, constituents of Orani can enjoy more of their favorite content and online activities within key areas in the municipality with speeds of up to 100Mbps.       Recently cementing this landmark partnerships were GoWiFi Business Development Manager John Timothy Ang and Jonnelle Tan of Globe Telecom Enterprise Group, together with Orani Mayor Hon. Efren Dominic Pascual Jr. GoWiFi services will be available within the year at the Orani Municipal Hall, Town Plaza and Multi-Purpose Gym.       GoWiFi, the country’s largest WiFi service, continues its expansion plans nationwide, particularly in high-traffic areas like malls, hospitals, and schools to make high-quality internet connection accessible and affordable to more Filipinos. As of the first half of the year, GoWiFi is now accessible in 2,500 sites nationwide, up by 500 sites from the previous year.      GoWiFi services are available in regular (free) GoWiFi and premium (paid) GoWiFi Auto, both available to all users with any WiFi-enabled device regardless of network service provider and even international numbers. Subscription to GoWiFi allows users to enjoy connection speeds as high as 100Mbps depending on location. To connect to Free GoWiFi, just open the Wi-Fi-enabled device’s WiFi settings, connect to the SSID “@FreeGoWiFi” or “@<site>_FreeGoWiFi,” register and wait for the SMS verification code, then select a WiFi offer, confirm and start surfing.      As a bonus, Globe Prepaid & TM customers can enjoy 1GB of free GoWiFi for every registration of GoSAKTO, GoSURF & EasySURF worth P50 and above that they can use in any GoWiFi hotspot! Globe Prepaid GoSAKTO90 users can enjoy 1GB free GoWiFi access on top of 2GB mobile data, 2GB for GoWATCH&PLAY, 1 GCash voucher and unlimited all net texts valid for 7 days for only P90. On the other hand, TM EasySURF50 users automatically get 1GB free GoWiFi access, 1GB mobile data, 2GB for EasyWATCH&PLAY, 300MB for an app of their choice and unlimited allnet text all valid for 3 days.       Learn more by visiting https://www.globe.com.ph/gowifi.html.

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