NEWS

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Sustainability Info Series | Eco-efficiency Indicators: Report on the 2015 Year-end Water and Solid Waste Management

Monday May 2, 2016

Water  We monitor:  water used by all our operations, including  the consumption of our mall merchants and office building locators In 2015, our total water consumption from operational properties increased by 12 percent. This increase is largely due to  mall expansion and the  higher water consumption of our tenants. Ayala Center Cebu remains as our largest water consumer, contributing 445,525 m3 or 71 percent to our total water use.  The other 25 percent is attributable to our three operating office buildings, with eBloc Tower 3 ending 2015 with an occupancy rate of 81% from only 13% percent in 2014. Waste We monitor: wastes generated by our operational properties and park common areas including our mall merchants and office building locators. The decrease of 11%  is due to the lower wastes volume coming from  the mall and our estates, from which 96% of the total reduction was achieved. Read more: https://www.cebuholdings.com/news/sustainability-info-series  

Sustainability Info Series | Eco-efficiency Indicators: Report on the 2015 Year-end Energy and Emissions Management

Monday May 2, 2016

For 2015, our company’s total energy consumption  (including  that of  our  merchants and office locators ) is  210,834 GJ, 8% higher than 194,779 GJ in 2014.  This slight increase is due to the mall expansion and  growing power demand  of our mall merchants and locators, especially  with the occupancy of  eBloc Tower 3, a new development which started operating in the third quarter of 2014. The use of energy that is indirect and external to CHI makes up 74 percent or 157,045 GJ – a large chunk of our total consumption,  while the common areas  contribute the remaining 26 percent. What we monitor: our diesel consumption to fuel our power generator sets (direct energy use) energy needed to power common or public areas in our malls, offices, and parks (indirect energy use / electricity consumption) Energy use of our locators and merchants:  areas that our company has no direct control over (electricity use only). Read more: https://www.cebuholdings.com/news/sustainability-info-series  

The Garden Bloc: Cebu IT Park’s new green destination; A Shared Value Initiative

Monday May 2, 2016

To provide a more vibrant and lush development for our communities, CPVDC has redesigned and breathed new life into an open space at  Cebu I.T. Park with the opening of the Garden Bloc in December 2015. Garden Bloc is an expansive green enclave  considered as a reserved area for future development.  With the activation of this space, it now features new and popular dining outlets set amid a tranquil garden setting. Notably, it provides an opportunity for emerging local entrepreneurs, who do not yet have the means to lease a space at the malls, to showcase their new and exciting home-grown products and concepts. Not a single tree was cut or uprooted during the development of the area. Aside from providing a relaxed outdoor setting and inspiring new local talents and brands, Garden Bloc also helps strengthen our development’s resiliency to hazards, as it also serves as a safe refuge area during earthquakes and other calamities. With its open green areas and well-designed pathways, Garden Bloc now benefits thousands of Cebu’s various publics, as it provides a large and free open space for the park’s daily visitors and workers to relax, meet, and unwind. With the opening of the Garden Bloc, it  does not only provide an alternative destination to patrons at the IT Park,  it has maximized the use of an idle asset that now generates leasing income for CPVDC.  

Teachers’ group honors outstanding Cebu grads

Saturday April 30, 2016

Cebu, Philippines - The Coalition for Better Education conferred Medals of Excellence to 10 outstanding education graduates from various colleges and universities in Metro Cebu as part of its 15th anniversary this year. The awards were given recognize young student teachers who have contributed to the creation of empowered learning communities. This year’s awardees are Ariel Suquib of the University of Visayas), Raphael Renz Unabia  of Saint Theresa’s College, Cathlien Sigarra of Mandaue City College, Christiannelyn Jane Alingaga of Cebu Institute of Technology-University, Honey Balbaboco of University of Southern Philippines Foundation, Lhyn Arcilla of Cebu Normal University, Gee-Ann Saga of Lapu-Lapu City College, Adeline Orozco of University of San Carlos-South Campus, Carl Manila Atutubo-Pal of University of Cebu-Lapu-Lapu and Mandaue Campus and Camille Alonto of Benedicto College. CBE also gave Ryan Lumapas, an English major graduate from the University of the Visayas, a special leadership award for successfully spearheading various education-related events in his school. Luchi Flores, CBE executive director, said the awardees were carefully selected by education experts and stakeholders. “The criteria were academic excellence and leadership performance and most of all, they should embody the traits of a CBE leader,” she said. “Right now, what we really need are teachers who can effectively teach not only the basics but also teach children how to think critically,” she added. There were 21 nominees for this year, from whom 10 were picked to become ambassadors of CBE. The awardees received a certificate of recognition, a CBE gold medal, free one-year CBE membership training and development grants, tokens from CBE partners and certification or endorsements as may be needed to the Department of Education. This is the third batch of awardees. There have been 30 individuals given medals of excellence since 2013. Meanwhile, the group also launched “Celebrate CBE,” a mini-exhibit showcasing the series of events marking the organization’s historical milestones. The exhibit shares their success and gives inspiration to its members, partners and the public, said Flores. For this year’s activities, Flores said they will be having a rerun of the two best-selling seminars and fora that they already conducted for the past years: the Leaping, Enabling, Advancing, Promoting or LEAP series 21st century learning which will be held on July 1,8, and 15 at Center of Excellence, CNU Campus, and Imagine, Innovate, Inspire or I3 series on July 22, 29 and August 5 at the CNU campus as well. CBE will hold their general membership meeting on August 6 where they elect three new officers. According to Flores, CBE is a non-government organization of teachers, professors, and concerned citizens committed to improve the quality of education in the Philippines and to create empowered learning communities.  It was founded on August 8, 2001. The group believes that ignorance and poverty in the country can be overcome by holistically learned communities. — (FREEMAN)  

Cebu Holdings on the lookout for new ventures

Wednesday April 27, 2016

Cebu City—Ayala-led Cebu Holdings, Inc. (CHI) intends to continue on its high growth path until 2020, by further diversifying its existing business estates while pursuing expansion plans and looking out for new properties and ventures. In a recent report to stockholders, CHI president Aniceto V. Bisnar Jr. said the company ended 2015 with a 56-percent increase in net income to P827 million, resulting in a compound annual growth rate of 16 percent in the last five years. Its subsidiary Cebu Property Ventures and Development Corp. (CPVDC) posted an all-time high net income of P497 million and a five-year compound annual growth rate of 27 percent. For the next five years, Bisnar said the company had earmarked more than P13 billion for identified projects in Metro Cebu and committed to follow an investment plan aligned with the growth targets of parent firm Ayala Land Inc. The amount includes P5.8 billion that has been set aside for capital expenditures this year, more than double the P2.7 billion spent last year. The bulk will go into the development of more retail and office spaces to “increase [our] recurring income portfolio to enable the company to withstand changing market conditions.” “This does not include yet the future projects that we may come into within that five-year period,” Bisnar told reporters after the stockholders’ meeting. The company is always on the lookout for new properties and possible ventures, including those in partnership with other companies, added CHI chief finance officer Enrique B. Manuel Jr. Bisnar said the Philippine economy was also seen to continue its high-growth trajectory. But he said it was important that whoever wins in the May 9 presidential elections would “continue supporting development of the country, especially in the countryside.” “We plan to continue our investments in regional development to help achieve inclusive growth,” he said. Expansion plans include three new mixed-use developments within Metro Cebu as well as more residential units and new retail and office spaces to boost leasing income. CHI will launch this year a 17-hectare city center project in partnership with subsidiary CPVDC and AboitizLand, Inc. The company is also completing the masterplan for a 13-hectare property on Mactan Island, which is envisioned to be a resort development that will further boost Cebu’s tourism industry. This would be undertaken in partnership with the Gaisano-owned Taft Property Ventures and Development Corp. Bisnar said CHI ws also completing, together with parent Ayala Land, Inc. as well as SM Prime Holdings, Inc., the masterplan for a 26-hectare lot at the South Road Properties (SRP) in southern Cebu City that they won in a bidding in June last year. Bisnar, who is also CPVDC president, said the Mandaue project was a major milestone for CPVDC as it was the company’s first venture outside Cebu City. “More than ever, the time is ripe for us to recalibrate our strategies for greater growth, increase our portfolio, and realize much higher values from our initial investments,” Bisnar said during the separate CPVDC stockholders’ meeting. The Mandaue project is envisioned to host another regional mall and residential condominium units, among others. At the SRP, three of the 26 hectares will be set aside for an arena that will be constructed by SM. The balance of 23 hectares will be split evenly between SM and the Ayala-CHI Group. “This is our first venture in the southern part of Cebu City, as we strive to expand urban development to new areas in the province. We are currently in the stage of jointly masterplanning this development,” Bisnar told stockholders. Chief finance officer Manuel later told reporters that about P1 billion had been set aside for the land development of the property from 2016 to 2018, with CHI and Ayala Land each allotting P500 million. Meanwhile, CHI will continue the buildup at Cebu Business Park, a 50-hectare former golf course that CHI transformed into Cebu’s financial and business district, and Cebu IT Park, a 27-hectare cyberpark developed by CPVDC. It now hosts about 70 percent of Cebu’s information technology-business process outsourcing (IT-BPO) locators. CHI ended 2015 with an all-time-high revenue of P3.7 billion, 63 percent higher than in 2014, while CPVDC more than doubled its revenues to P1.3 billion. Revenues were largely derived from commercial lot and residential condominium sales as well as retail and office leasing income. (INQUIRER)  

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