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ALI affiliates recognized for corporate governance

Wednesday August 8, 2018

Ayala Land-affiliate Cebu Holdings Inc., and Cebu Property Ventures and Development Corporation (CPVDC) are among the companies in the ASEAN region leading in corporate governance practices. The Cebu-based firms were recently recognized by the Institute of Corporate Directors (ICD) as among the top performing publicly-listed companies under the ASEAN Corporate Governance Scorecard (ACGS) for 2017. Out of more than 200 publicly-listed companies in the Philippines, both CHI and CPVDC were part of the 42 companies that were awarded during the Appreciation Ceremony held last July 31 at the Tower Club in Makati. CHI and CPVDC were the only Cebu-based companies among the awardees. “CHI and CPVDC continuously strive to uphold best practices in corporate governance. This recognition is a testament to our commitment to integrity and transparency as publicly-listed companies,” Malou D. Chiong, Compliance Office and CFO of both companies said. ICD is a non-stock, non-profit organization dedicated to raising the corporate governance standards of the Philippines. Appointed by the Securities and Exchange Commission (SEC), they are the domestic ranking body of the ASEAN Corporate Governance Scorecard (ACGS) — an assessment by which a publicly listed company models its corporate governance principles against international best practices. It is designed to raise the corporate governance standards of ASEAN countries. The ICD declared three levels of awardees under the ASEAN Corporate Governance Scorecard (ACGS) for 2017. The rating is based on the five principles of corporate governance: rights and equitable treatment of shareholders, role of stakeholders, board responsibility, disclosure and transparency CHI and CPVDC were part of 2nd tier of awardees, garnering a 90 to 99.99 score. Meanwhile, its parent company Ayala Land, Inc. and Ayala Corporation were in the top tier, with scores ranging from 100 points and above. “We hope to influence our business partners and other members in the industry to help raise the standards of corporate governance. This will help increase the investor appeal of local companies internationally,” Chiong added. Both companies were also part of the Top 5 awardees in the property sector category. They join Ayala Land, Belle Corporation and SM Prime Holdings to complete the list. This year, CHI and CPVDC completes the streak of eight publicly-listed companies in the Ayala Group who were awardees in the ACGS for 2017. Other awardees included Ayala Corporation (AC), Ayala Land, Inc. (ALI), Globe Telecom (Globe), Bank of the Philippine Islands (BPI), Manila Water Company, Inc. (MWC) and Integrated Micro-Electronics Inc. (IMI). Cebu Holdings, Inc., with its subsidiary CPVDC , is the region’s premier full-line property developer engaged in real estate development, sale of residential and office condominium units and lease in commercial spaces. (FREEMAN)

2 Mabolo Police Station sub-precincts open in Cebu Business Park, IT Park

Thursday July 19, 2018

TWO new police sub precincts worth P3.5 million were formally turned over to the Cebu City Police Office (CCPO) on Monday. This is to strengthen the monitoring of the peace and order situation in the city. The two police sub precincts are located at the Cebu IT Park and Cebu Business Park. These will serve as temporary detention cells for arrested suspects, while investigations are still ongoing at the Mabolo Police Station, the main precinct. Each sub-precinct will be manned by 21 personnel and is open 24 hours a day. PRO-7 Regional Director Debold Sinas said they are grateful to the business community and the police for establishing the two police sub precincts. Sinas said the sub precincts will help provide security in both areas, which have around 85,000 workers. Aniceto “Jun” Bisnar Jr., president of the Ayala-led Cebu Holdings Inc., said the project is in line with the government’s Private Public Partnership (PPP). “This is an assurance of the greater protection of the 85,000 workers in Cebu IT Park and Cebu Business Park,” Bisnar said. Bisnar also added that that the police are in need of the full support of the business and private sector especially with the challenges faced by the police. From the criminal elements and drug syndicates and other lawless elements. The business sector hopes a great example to the rest of the private sector in giving a hand in helping the police as a good partnership to encourage more foreign and local investors to invest in Cebu. Bisnar clarifies that only the Sub Precincts are given to the PNP not including the land area which was provided by Cebu Holdings and CPDBC. (CEBU DAILY NEWS)

Stress relievers

Saturday July 7, 2018

Cebu’s horizontal and vertical developments is progressing too fast that I often myself lost in places where I used to frequent. This is not a criticism. I am writing this with a sense of wonder of the places I have visited the past months which I did not know (still) existed. Six years ago, Jeff and I had a meal at Golden Prince Hotel, a prime location in the busy uptown area. It was the place where Jeff and I talked and planned about getting married. We proposed to each other and we accepted each other’s offer. I remember this with a fuzzy feeling and butterflies in my stomach. Six years later, I passed by the area and it looked different from the outside. Curiosity got the better of me and so on our twins’ fifth birthday, we stayed in this hotel. What a transformation! The staff are warmer than how I remembered them to be six years ago. The hotel is also embracing Cebu’s culinary heritage. I once heard someone remarked that Cebu has no culinary heritage to speak of. I guess the person needs to visit Golden Prince to experience this. Thank you Mr. Benny Que and Mr. Aaron Que for exhibiting pride of place with your hotel! Another surprise is the pocket garden at the Central Block of the Cebu I.T. Park. There are benches and a place for children to run. This is in addition to our current favorite: the Havaianas Playground at Ayala Center Cebu. I totally love this spot and I enjoy seeing my children running, swinging, jumping and sliding from the monkey bars to the see-saw to the slides. I had the chance to be the lead facilitator of the formation program of the 2018 search of the Ten Outstanding Students of the Philippines Central Visayas last May and we spent two days at the Cebu City Resource Management and Development Center (CREMDEC). CREMDEC is run by the city government and is located in Barangay Taptap, 40 kilometers from Cebu City. It is a great place for reflection and learning. Tasty and filling dishes are prepared by the locals. I wish they will also entertain individuals like me, who need the solitude to focus on finishing writing projects. As a mother in desperate need for green spaces, I love SM Seaside’s SkyPark and the breathing spaces they give to my tired soul after long days of going on field or planning/implementing advocacy project. I go to SM Seaside City Cebu for this purpose. Cebu leaders badly need to get their act together to solve our traffic, flooding and garbage problems. Enumerating that in one sentence is a painful exercise But we are blessed that we have slivers and glimmers of hope in the places and projects I wrote above. They are not exactly the solutions to these woes but for a person, who is often stuck in two-hour traffic from Cebu City to Liloan, any form of stress reliever is welcomed. (Cebu Daily News)

Independence Day chess today in Ayala

Monday June 11, 2018

IN celebration of the 120th Philippine Independence Day, a blitz chess competition will be held today at the Ayala Center Cebu. The tournament will be featuring two age groups: the 16-under and the 12-under. Both will use a seven-round Swiss system format with five minute playing time for each round. The tournament will be rated and sanctioned by the National Chess Federation of the Philippines (NCFP). Cebuano woodpushers will use this tournament as part of their preparation for the 19th ASEAN Age Group Chess Championships 2018 that will be held in Davao City from June 18 to 28. The top three winning wood pushers in each age group will receive P1,000, P6,000, and P400, respectively. Registration fee is P200. The tournament will kick off at 11 a.m. The tournament will be handled by National Arbiter (NA) Eduard dela Torre. (CEBU DAILY NEWS)  

Cebu Business Month kicks off

Sunday June 3, 2018

This year’s Cebu Business Month (CBM) kicked off last Friday at the Terraces of Ayala Center Cebu. With the theme “Innovate Cebu,” the flagship program of the Cebu Chamber of Commerce and Industry (CCCI) will be celebrated the whole month of June with several activities lined up. The opening was highlighted by the One Town, One Project (OTOP) exhibit held in partnership with the Department of Trade and Industry (DTI). OTOP encourages communities to innovate and produce market-ready products and services aligned with this year’s theme. “The theme underscores the importance of innovation in Cebu in all aspects of business,” said the Cebu vice governor Agnes Magpale during the opening program. “I can say without fear of objection that CCCI is the living testimony of Cebu’s vibrant economy and success and development of all Cebuanos. I am positive that the business community will remain and continue to be a strong pillar of our local government,” Magpale said. Opening day showcased the Loboc Ambassador Youth Band, group of 50 young students from Loboc, Bohol. The Star System Dance Troupe also wowed the crowd with its acrobatic stunts. The Doce Pares Eskrima group also showcased stick-fighting skills and hand-to-hand combat, while award-winning fashion designer Malayka Yamas displayed her creations of Trash to Class Fashion Innovation wore by the beauty queens of Cebu. Pilipinas Got Talent Season 6’s contestant, Maka Girls (Gen Flores, Kristina Cassandra Dilao, and Raechelle Mae Faelnar) also entertained the crowd. Capping the opening salvo was a performance by Filipina-French actress and model Solenn Huessaff. (MANILA BULLETIN)

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