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First Gen still keen on buying PNOC’s banked gas

FIRST GEN Corp. is still on buying the Philippine National Oil Co.’s (PNOC) banked gas after the latter did not respond to its earlier offer.
“We’re asking PNOC what happened. What’s the status of the bidding in July after they released an invitation for September. So it’s not clear with us,” Jerome H. Cainglet, vice-president and head of the gas business unit, told reporters during the two-day Powertrends 2018 conference in Pasay City.
“We did submit an offer before. We submitted back in July,” he said, without disclosing the value it offered. PNOC previously valued the banked gas at P11.9 billion.
Last month, PNOC posted on its website an invitation for interested parties to submit offers to buy its banked gas amounting to 97.67 Petajoules. It set the deadline for submission on Sept. 3, but there is no word on whether it received any offers.
Mr. Cainglet said PNOC had not made it clear whether their discussions would remain valid after the new invitation.
“If you ask PNOC, they would say it’s not a bidding because they are not required under CoA (Commission on Audit) rules to actually bid it out. They can just do whatever they please in terms of how they dispose of it, they can negotiate it,” he said, adding that the disposal is not subject to the government’s bidding rules.
Under the terms of its latest invitation, PNOC wanted the offered price to be in US dollars, exclusive of any applicable taxes, as well as the schedule of withdrawal of the banked gas. It also required the interested buyers to describe the intended use of the gas.
PNOC said at its sole discretion, it reserves the right to accept or reject any or all offers to buy the banked gas. It said it can also suspend or cancel the sale of the banked gas at any time without any reason or liability.
Mr. Cainglet said First Gen had expressed interest in PNOC’s banked gas when it was first offered in 2015, when the two parties had joint negotiations in 2016, and when the state corporation asked for an offer in July this year.
PNOC did not immediately respond to a query on the outcome of its latest invitation for buyers of banked gas.
The banked gas was bought by PNOC from the Department of Energy in 2009, including all the rights, benefits and entitlements of the total 108.6 Petajoules valued at P14.4 billion.
The corporation since then has been trying to sell the gas but was only able to sell 4.61 Petajoules to Power Sector Assets and Liabilities Management Corp. in 2013 for P937 million. Another portion at 6.324 Petajoules was sold to Pilipinas Shell Petroleum Corp. in 2015 for P2.5 billion. — Victor V. Saulon

LTFRB approves P2-per-minute TNVS charge

THE LAND TRANSPORTATION Franchising and Regulatory Board (LTFRB) has given the green light for transportation network companies (TNC) like Grab Philippines (MyTaxi.PH, Inc.) to implement a P2 per minute travel time charge.
The regulator on Tuesday evening signed Memorandum Circular (MC) No. 2018-019 which sets the fare structure for transportation network vehicle service (TNVS) units.
“The board hereby authorizes TNVS to charge P2 per minute of travel time from origin to destination as part of its fare structure,” the memorandum circular stated.
The LTFRB said the P2-perminute fare component will be applied to all types of vehicles such as sedans, Asian utility vehicles, sports utility vehicles and sub-compacts.
It also said TNCs must include in its electronic receipt the unbundled breakdown of fares, detailing the flag down rate, per kilometer rate, travel time rate and surge price.
The memorandum circular will be implemented 15 days after its publication in a newspaper of general circulation.
In June, the Department of Transportation gave LTFRB the authority to regulate and supervise TNCs, as well as set its fares.
Meanwhile, the LTFRB said the new policy is being issued “without prejudice” to the final resolution of separate cases filed by Grab Philippines and Hype Transport Systems, Inc. The two companies have pending cases with the LTFRB regarding its “illegal” P2 per minute charge that was implemented without authority from the Board since last year.
The regulator earlier had slapped a P10-million fine on Grab Philippines for allegedly overcharging customers and implementing the P2-per-minute fare component without approval.
However, the LTFRB on Tuesday revoked a portion of the order, which required Grab to reimburse passengers the P2-per-minute fare component it implemented from June 2017 to April 2018, citing a lack of legal basis.
Sought for comment on the new policy, Grab Philippines public affairs head Leo Emmanuel K. Gonzales said they have not received a copy of the memorandum circular.
Grab Philippines has always insisted on the legality of the P2-per-minute fare component.
“Our partners have suffered through low earnings for the last four months following the suspension of the legal P2-per-minute fare component…. [L]ifting of the suspension of the P2-per-minute fare component will make our TNVS partners see a path towards more sustainable income,” the ride-hailing company said in a statement released on Wednesday morning.
Because of the drop in earnings, Grab Philippines said last month it only has a pool of 33,000 drivers catering to the 600,000 bookings it receives in a day. — Denise A. Valdez

Berjaya hikes stake in Malaysian operator of 7-Eleven

BERJAYA Philippines, Inc. is shelling out P124.47 million to increase its stake in the Malaysian operator of 7-Eleven convenience stores.
In a disclosure to the stock exchange on Wednesday, Berjaya Philippines said it has acquired 6.5 million shares in 7-Eleven Malaysia Holdings Berhad (SEM) at 1.48 Malaysian Ringgit (RM) each. The shares are equivalent to a 0.58% stake in the company.
SEM is the parent of 7-Eleven Malaysia Sdn. Bhd., which operates more than 2,100 7-Eleven convenience stores in Malaysia.
The listed company said it acquired the shares from the Malaysian open market from March 1 to Sept. 3. One RM is equivalent to around P19.14 at the time of the transaction.
This brought Berjaya Philippines’ equity interest in SEM to 1.59%, or a total of 18 million shares. The company noted that the acquisition is for investment purposes.
Established in 1924, Berjaya Philippines was formerly called Central Azucarera de Pilar with the core business of producing sugar. It then changed its name to Prime Gaming Philippines, Inc. in 1998, before finally gaining its present name in 2010.
Berjaya Philippines’ core business is in the leasing of online lottery equipment and software support through its subsidiary Philippine Gaming Management Corp. It also has investments in Berjaya Pizza Philippines, Inc., the exclusive franchisee of the Papa John’s pizza brand in the country.
The company has invested in auto vehicles in previous years, first through Berjaya Auto Philippines, Inc., the distributor of Mazda vehicles back in 2012. In 2014, it secured ownership of England-based luxury vehicle distributor H.R. Owen Plc — the world’s largest retailer of Rolls-Royce, Bentley, Lamborghini, and Bugatti brands.
It is likewise invested in Ssangyong Berjaya Motor Philippines, Inc., which sells and distributes all types of motor vehicles, since 2015.
The company is also the owner of Perdana Hotel Philippines, Inc., the operator of Berjaya Makati Hotel in Makati.
Berjaya Philippines reported a net income attributable to the parent of P194.4 million in the quarter ending January, three percent higher than what it generated in the same period a year ago. Revenues stood at P7.33 billion, 24% higher year on year.
Shares in dropped 15 centavos or 5.08% to close at P2.80 each at the stock exchange on Wednesday. — Arra B. Francia

Sabor, por favor


By Joseph L. Garcia, Reporter
WHEN WE SEEK pleasure in dining, is flavor enough to carry the whole experience, or is exploration, adventure and atmosphere vital to achieving complete sensory pleasure?
Novotel’s new wine bar, Sabor Bar de Vinos seeks to place wines and tapas in a casual, non-threatening atmosphere. The space, once just a nook under one of the hotel’s escalators, was renovated and turned into a bar that extends all the way to the hotel’s smoking area. By the ashtrays, a mural of a heavy-lidded woman with roses in her hair sips from a glass of wine while observing the scene.
The casual vibe relaxes the mind and allows one to enjoy what is served without fear of being judged. “Novotel is a fun brand. We’re not really the sophisticated type,” said Nonito Cuizon, the hotel’s assistant marketing and communications manager, during a tasting last week. Novotel is under the Accor hotel group, which also owns Sofitel.
In that light, serving Japanese favorites like shrimp tempura and a Filipino classic dinakdakan (think of it like a wet version of sisig, with coconut milk) is served alongside wine, in which case, Mr. Cuizon gave BusinessWorld carte blanche on what to order: no strict pairings here. We decided that evening on a Castillo de Almansa Verdejo Sauvignon Blanc from Spain, a Candidato Tempranillo from the same country, and a Clarendelle Rouge from France.
We paired the Tempranillo with the dinakdakan, rich with cartilage and other chewy, crunchy bits, creamy with coconut milk. The pairing was unorthodox but worth it. The Tempranillo was dry, with a bit of plum, and an ending note of smoke. Paired with the dinakdakan, the wine gave the creamy dish body, its sharpness cutting through the softer flavors of the dish.
We then switched to the Sauvignon Blanc. The white wine had a scent like perfumed stationery; a light, creamy opening note; and a burst of fresh limes at the end. The combination of the dinakdakan and the Spanish white heightened the creaminess of each element, resulting in a buttery flavor. We were happy, meanwhile, to pair this wine with the fluffy tempura: the crispness of the latter lent body to the wine, while the wine enhanced the softness and freshness of the shrimp.
The Clarendelle, a special from the Domaine Clarence Dillon (presently presided over by Prince Robert of Luxembourg), had a relaxing woody aroma and a smooth velvety finish. We paired this with bitterballen, breaded veal meatballs inspired by a snack from Holland. These two brought out the best in each other; the wine especially highlighting the veal’s mouthfeel.
While other wine bars dot the metro, Mr. Cuizon is content to say that Sabor (Spanish for “flavor”) combines easygoing style with the nonpareil service of a hotel. “Iba naman talaga when you’re in a hotel (It’s really different when you’re in a hotel),” he said. “You’re pampered, you’re given the best.”
Sabor Bar de Vinos (open Tuesday–Saturday, 5 p.m. to 3 a.m.) is located on the ground floor of Novotel Manila Araneta. For inquiries, call 990-7888.

NAIA consortium says proposed terminal fee hike is not a ‘gov’t guarantee’

THE NINOY AQUINO International Airport has been operating above its capacity for several years now. — AFP

THE CONSORTIUM proposing to rehabilitate the Ninoy Aquino International Airport (NAIA) on Wednesday said it is not seeking any government guarantees in its bid to develop and expand the gateway.
The so-called “NAIA consortium,” composed of seven of the country’s biggest conglomerates, issued the statement in reaction to a concern raised by Senator Ralph G. Recto over its proposal to adjust airport terminal fees as part of the airport’s rehabilitation plan.
In a statement on Wednesday, the NAIA consortium spokesperson Jose Emmanuel “Jimbo” F. Reverente said they are not asking for any guarantee or protection from the government in its P102-billion proposal, saying terminal fees should not be counted as such as “all airport proposals have provisions for terminal fees which are subjected to reasonable adjustment during the life of the contract.”
Mr. Reverente noted the consortium is “taking all the risks including a drop in the number of passengers and consequently revenues.”
He added that “terminal fees are no different from the fares passengers pay when riding LRT (light rail transit) or when using toll roads.”
Last week, Mr. Recto said the consortium’s proposed adjustment for the terminal fee should be considered as a government guarantee, which is prohibited by the Department of Transportation (DoTr) for unsolicited proposals.
In a text message to BusinessWorld on Wednesday, Transportation Undersecretary for Planning Ruben S. Reinoso, Jr. said the government cannot assure the NAIA consortium of terminal fee adjustments.
“The proposed terminal fees will not be guaranteed by the gov’t, but will have to go through the process of public hearing before any increase can be implemented,” he said.
The NAIA consortium submitted an unsolicited proposal to the government in February to rehabilitate NAIA by increasing its terminal capacity, add a people mover that will connect the gateway’s terminals and increase the number of flights that the airport could handle.
The group is composed of the seven of the country’s top conglomerates, namely: Aboitiz InfraCapital, Inc.; AC Infrastructure Holdings Corp.; Alliance Global Group, Inc.; Asia’s Emerging Dragon Corp.; Filinvest Development Corp.; JG Summit Holdings, Inc. and Metro Pacific Investments Corp. Its technical partner is Singapore-based Changi Airports International Private Ltd.
Last month, the DoTr submitted the proposal to the National Economic and Development Authority’s Investment Coordination Committee (NEDA-ICC) for review.
“If we get the clearance to start work by late this year, we can increase (the airport’s) capacity to 47 million by 2020 and to 65 million by 2022. There will be enough space for everybody and NAIA can serve as a catalyst for growth all over the country in terms of trade, tourism and investments,” Mr. Reverente said.
The NAIA is operating at above its capacity of 30 million passengers, recording a traffic of 42 million passengers in 2017. — Denise A. Valdez

Boat cuisine: Superchef Ducasse takes to the water

STILL SMARTING from being kicked out of his Michelin-starred restaurant halfway up the Eiffel Tower, France’s most famous chef Alain Ducasse is pressing on instead with a new restaurant almost directly underneath it—and, he boasts, it floats.
Mr. Ducasse, who has won a total 21 Michelin stars—more than any other chef alive—will be dishing up lobster and duck foie gras onboard an electric boat on the River Seine from September 10. “It’s accessible, contemporary French high gastronomy—on a boat,” he told AFP at a table for two onboard the 130-seat Ducasse Sur Seine, which will trundle along the river as diners tuck in. “It’s surely the most extraordinary architectural and cultural trip you can have on a river anywhere in the world,” he said.
It is perhaps cruel that the 38-meter boat docks just in front of the French capital’s most famous monument, given that Mr. Ducasse went to court this month to challenge his eviction from its one-star Jules Verne restaurant.
He was said to be livid after fellow star chefs Frederic Anton and Thierry Marx won a 10-year tenure to run the Eiffel Tower’s gastronomic restaurant, where he cooked for US President Donald Trump during his visit last year.
Asked about the setback, Ducasse’s communications chief tried to stop him answering. But the chef insisted on addressing a defeat which he is still struggling to digest. From his boat, “I see the Eiffel Tower and more—I can see all the monuments of Paris,” he said pointedly. “The Eiffel Tower is in a fixed location. Another beautiful story is just beginning.”
GREENER AND HEALTHIER
In court, Ducasse’s lawyers argued that the 61-year-old was “the most-starred chef in the world” after the death this month of fellow culinary legend Joel Robuchon, and accused the consulting company used for the Eiffel Tower tendering process of a conflict of interest.
He has suffered setbacks before in a four-decade career that has spawned some 30 restaurants around the globe: his first New York venture Essex House flopped upon its launch in 2000 amid ridicule about its astronomical prices.
Lunch onboard the glass-walled boat, an idea Mr. Ducasse first dreamed up five years ago, will start at 100 euros, and dinner from 150 euros. Both will feature a one-and-a-half hour loop of the Seine, past monuments including the Louvre and Notre Dame cathedral, timed at night to bring diners back for the sparkling of the Eiffel Tower’s lights upon the hour.
Some critics complain that Mr. Ducasse, who became a citizen of low-tax Monaco in 2008, is rarely in the kitchen himself. The boat will be no different: he has charged his former sous-chef Francis Fauvel with the food.
The menu will be “a celebration of the seasons and local products”—even taking its honey from Parisian hives—and with less of the meat and heavy sauces traditionally associated with fine French cooking.
“We decided to take out the sugar, the salt and the fat, to be in sync with a society that’s changing,” he said, naming “a very beautiful turbot in a champagne sauce” as one of his favorite dishes.
Aside from local sourcing, Mr. Ducasse boasts of his electric boat’s green credentials and how silently it cuts through the Seine. “The direction the world is going in is not to pollute, not to make noise,” he said.
Mr. Ducasse, who has sent food to astronauts onboard the International Space Station, is dismissive of the idea that producing haute cuisine might prove more difficult on a boat than on dry land.
A 36-strong team of chefs and pastry cooks will prepare everything either on the jetty or in kitchens in the belly of the 300-ton vessel, which has a wine cellar kept to standard temperatures.
Known for his fastidious attention to detail—even fretting over whether the curtain rods of his restaurants are right—he is at pains to distinguish his flashily decorated new eatery from the existing river boats offering dinner cruises along the Seine.
“I was a consultant on the boats of Paris, and I think that has made me want to do better,” he said. “It’s a floating restaurant, not a boat or a barge where you get fed.” — AFP

Ratings war: ABS-CBN, GMA both claim lead in August

THE ratings war continued in August as rivals ABS-CBN Corp. and GMA Network, Inc. both claimed the lead in nationwide ratings, citing different audience measurement providers.
In a statement, ABS-CBN said it kept its nationwide ratings lead with an average audience share of 44% in August, versus GMA’s 32%, according to Kantar Media data.
On the other hand, GMA Network said it recorded an average total day people audience share of 42.6% in the National Urban Television Audience Measurement (NUTAM), against ABS-CBN’s 36.2%, based on data from Nielsen TV Audience Measurement.
ABS-CBN said Kantar Media uses a nationwide sample size of 2,610 urban and rural homes, while GMA said Nielsen surveyed “approximately 900 more homes” than its rival.
The Lopez-led multimedia company said it posted an average audience share of 41% in Metro Manila against GMA’s 28%; 40% in Total Luzon against GMA’s 36%; 51% in Total Visayas against GMA’s 26% and 52% in Total Mindanao against GMA’s 26%.
For the primetime block (6 p.m.-12 midnight), ABS-CBN said it posted an average audience share of 48%, compared to GMA’s 32%. It also dominated the other time blocks — morning (6 a.m. to 12 noon) with 41% share against GMA’s 32%; noontime (12 noon to 3 p.m.) with 43% versus GMA’s 33%; and afternoon (3 p.m. to 6 p.m.) with 43% against GMA’s 36%.
The long-running drama “FPJ’s Ang Probinsyano” continued to be the country’s most watched program with an average national TV rating of 41.7%.
Meanwhile, GMA said in the morning block, it recorded 38.9% people audience share compared to ABS-CBN’s 34.2%, while in the afternoon block, it had a 44.3% share versus ABS-CBN’s 34.9%. For the evening block, GMA said it had an average of 43% compared to ABS-CBN’s 37.9%.
GMA said the Nielsen ratings were gathered from Aug. 1 to 31, with Aug. 26 to 31 based on overnight data.
For Urban Luzon, the network said it posted an average total day people audience share of 48% against ABS-CBN’s 30.2%; and 49.4% in Mega Manila versus its rival’s 27.7%. GMA said Urban Luzon and Mega Manila account for 72% and 59% of all urban viewers in the country.

Naked and proud: food in the raw


CHRISTIAN MARK JACOBS, businessman and husband of fashion designer Francis Libiran, is showing the world something naked: food.
Mr. Jacobs, in a press release, defines what naked food is: “Real food: fresh ingredients, recipes made from scratch, food that looks just as good as it tastes.” The Naked Foodie, a blog (nakedfoodie.tv) that will feature restaurant reviews, celebrity guests, recipes, and travel vlogs, will be launched by Mr. Jacobs this year, while his online food store, Naked Patisserie (nakedpatisserie.com) is already up and running. “All the cakes are really unique; it’s not stuff that you’re going to find anywhere else,” said Mr. Jacobs during a luncheon at their Makati home on Aug. 28.
The cakes listed include Signature Red Velvet Cake sprinkled with edible gold; Mocha Bailey’s cake, a fluffy Strawberries and Cream cake, and a dense Chocoholic Truffle cake.
Mr. Jacobs has a background in the education sector, and his work took him from the American South to Asia. “This whole project came about very organically,” he said. “I’ve always loved food; it’s always been my biggest passion.”
He recalls moonlighting as a bartender in Korea, as well as selling his homemade hummus and aioli dip, all while working as a business developer for a company in the education sector. When he moved to Singapore, he hosted parties and barbecues. Upon moving to the Philippines, he says he “elevated” his parties. Guests rave about his food, especially a fried Italian-style pork chop made with a recipe passed down for four generations. “After hearing that for so long, I just sort of caved in to the inevitable,” he said. “Yeah, this is my passion.”
Aside from the cakes in his repertoire, The Naked Patisserie will also offer cookies, truffles, and jarred dip. Next month, he’s coming out with a line of wines sourced from Southern Italy. “This is all part of a much bigger vision,” said Mr. Jacobs. This vision includes physical Naked Patisserie stores, and a restaurant called The Naked Bistro. “I want to put myself out there already. I want people to understand that food has always been a part of who I am,” he said. “Food is not just something that I decided to do on a whim.” — Joseph L. Garcia

Parents look up domain names before naming their child: study


YOUNGER parents are naming their children based on available domain names to secure their online presence from an early age, a study commissioned by GoDaddy, Inc. showed.
In a research on how the internet changes parenting and how it children’s online presence, GoDaddy reported that around 20% millennial parents, or those aged between 24 and 38, changed or considered changing their child’s name based on the unused domain names.
The study also showed that 48% of millennial parents noted the importance for their children to have an early online presence. Compared to the previous generation, only 27% of Gen X parents, or those aged between 39 to 53, shared the same sentiment.
“The internet is where so much of life happens, and we’re seeing parents in today’s world make sure their kids have a place for themselves online,” GoDaddy trends expert Melissa Schneider said.
From a sample size of 1,000 Millennial parents and Gen X Parents, 38% of the Millennial parents have already created or are considering to create a website for their children while only 20% of Gen X parents have done the same.
Almost half or 45% of parents who have purchased their children’s domain name before birth said they wanted to reserve it for future use, while 42% said that it was to create a digital baby book. Some 54% of parents on the other hand are planning to also purchase a domain for future use as well.
However, only 29% of millennial parents have their own domain or website set up, and even fewer Gen X parents likewise have theirs at 17%.
“Whether it’s to give them a leg up on school or work, or just to hold their spot for some future use, we expect to see registering for a domain become as common as registering for a stroller for new parents,” Ms. Schneider added.
Asked for the motives behind the trend, 48% of the respondents who decide on available domain names said it was for job searching while 45% of parents pointed to college applications. Some 35% of parents considered that having personal websites can replace the use of social media for their children.
“More than ever, it’s essential to own your own identity on the internet, and millennials know that better than anyone else. Today’s parents know that the internet is woven into the fabric of our daily lives, and teaching them how to show up well online is vital,” Ms. Scheider said.
Even before birth, the report showed 54% of millennial parents have already posted ultrasound photos of their children on social media, while only 23% of Gen X parents have done the same.
Likewise, an average of 107 photos of a millennial’s child has been posted online before the child can walk, GoDaddy reported. Gen X parents, on the other hand, have only posted an average of 56 photos of their children before they can walk.
Despite the increasing use of internet, 94% of the respondents are also thinking about discussing responsible online presence to their children. Around 42% of the respondents that already set up a website for their children are already discussing the ethics of having an online presence. — A. A. Mogato

Online marketplaces bat for better logistics to cut delivery time

By Anna Gabriela A. Mogato, Reporter
DESPITE the growing trend on e-commerce which was thought to put brick-and-mortar stores in the backseat, online marketplaces are betting on securing more physical spaces to speed up the delivery of goods.
In a local setting, Lazada Philippines chief executive officer Raymond N. Alimurung last week said that setting up warehouses in other areas in the country to store products closer to its recipients to cut short delivery time would help expand the e-commerce site’s customer base.
Noting that this drives better growth in the market, Mr. Alimurung said that “we continue to improve our logistics. The more reliable the logistics becomes, the more the customers trust the e-commerce.”

Lazada Philippines chief executive officer Raymond N. Alimurung shows the new features of the Lazada mobile app. — Photo: Anna A. Mogato

This likewise coincides with Lazada’s goal to achieve next-day delivery nationwide, similar to its parent company Alibaba Group’s target to achieve 24-hour delivery within its home base in China.
“We want to provide the premium experience. If it’s someone else’s warehouse it’s hard to commit to deliver it by the next day,” Mr. Alimurung said.
“The reason we are ambitious is because e-commerce, based on what we look at is only 1.5% of retail. It’s still on the early days,” he added.
With about 70 million products traded by around 30,000 sellers in Lazada’s platform, this would mean more options for consumers to choose from.
Having already set up a 30,000 square meter (sq.m.) hub in Laguna and a 5,000 sq.m. warehouse in Cebu, Lazada has now set its sights in putting up a third warehouse in Davao within the year.
While Mr. Alimurung declined to disclose the amount of investment, he noted that it “will not be anywhere near the size of the Luzon warehouse.”
“The objective of Lazada is not to attempt in anyway to put all the inventory on the warehouse. The idea is our marketplace enables sellers,” he added.
“When I mean enable, I mean enable them to sell at our marketplace even if the stuff is in their warehouse.”
Lazada’s warehouse will be mostly used for products to be sold in its recently unveiled LazMall, which only allows certified resellers of premium brands on the platform.
Alibaba Group VP Jungong Sun — Photo: Anna A. Mogato

‘SMART DELIVERY’
Online retail juggernaut Alibaba Group also sees warehouses as key to its global expansion.
The company had recently announced that it would be embarking on a mission to deliver goods from China to anywhere in the world within 72 hours amid the growing patronage for e-commerce.
In an interview with BusinessWorld on the sidelines of Asian Development Bank’s (ADB) Digital Development Forum 2018 on Wednesday, Sept. 5, Alibaba Group Vice-President Jungong Sun said that to pull off the company’s 72-hour delivery worldwide campaign, this would mean more “strategically placed” warehouses to house the goods closer to the destination.
“[To achieve] reasonable delivery process, [we have to consider] strategic locations of warehouses to reach [its destination] the fastest time possible. Warehouse accessibility [is crucial] for smart delivery,” he told BusinessWorld through a translator.
The Chinese e-retail giant announced this campaign almost a week ago, having already eyed five hubs across the world with its logistics arm Cainiao Network Technology Co., Ltd and struck a partnership with Emirates SkyCargo to handle deliveries.
In his keynote speech during the ADB forum, Mr. Sun said that by 2036, the company is eyeing to help 10 million small and medium-sized enterprises improve their profit and develop their businesses. This, he said, would serve two billion consumers worldwide and create 100 million jobs.
“The goal is [still] to have a zero-inventory, the goal is not to prolong the stay of the inventory in the warehouse China,” he added, given that the platform also offers food products such as fruits and vegetables.

Cebu Pacific increasing flights from Clark by 75%

CEBU PACIFIC said it is increasing by 75% the number of flights at Clark International Airport by end-2018.
The Gokongwei-led budget carrier announced on Wednesday it is hiking the number of flights from Clark to Macau from eight times a week to 14 times a week.
“Cebu Pacific will now fly once daily from Clark to Macau at 925 p.m., with the return flight departing from the Macau International Airport at 12:15 a.m. the following day,” it said.
The airline earlier said it will add more flights from Clark to Cebu by Oct. 28 and to Davao and Tagbilaran, Bohol by Nov. 9. Direct flights to Caticlan are scheduled to resume on Oct. 28, when the island reopens.
“The new routes and additional frequencies will bring the total number of Cebu Pacific flights in and out of Clark to 3,711 by end-2018, representing 620,540 seats,” the airline added.
Cebu Pacific said its hub in Clark already offers direct flights to Singapore and Hong Kong.
“We are excited over the opportunities that our Clark hub presents and are looking forward to serving travelers from North and Central Luzon over the coming months. We are committed to being a partner in the over-all economic development of the Clark area through the expansion of our route network,” Cebu Pacific Vice President for Corporate Affairs Paterno S. Mantaring, Jr. was quoted as saying in the same statement.
Cebu Air, Inc., the listed operator of Cebu Pacific, reported its net income for the second quarter fell 39% to P1.87 billion due to the rising price of jet fuel and the weakening of the Philippine peso. — Denise A. Valdez

Singapore bid for UN street food honor sparks culinary clash

SINGAPORE’S BID to get UN recognition for its street food has sparked a cross-border culinary clash, with angry chefs in neighboring Malaysia pouring cold water on the idea.
The city-state is home to many open-air food courts where vendors, known as “hawkers,” serve dishes such as chicken and rice, noodles and meat skewers at relatively cheap prices. Some hawkers have even been awarded Michelin stars by the culinary bible, which has had a Singapore edition since 2016.
Prime Minister Lee Hsien Loong announced last week that Singapore will nominate its hawker culture to UNESCO’s list of intangible cultural heritage, describing the city-state’s food centers as “community dining rooms” which form part of the country’s identity.
But the move sparked anger in Malaysia, whose citizens have long claimed their own street food —which shares many similarities with Singapore’s—is far superior to anything in their tiny neighbor.
Malaysian celebrity chef Redzuawan Ismail, commonly known as Chef Wan, told AFP he thought Singapore’s UN bid was “rubbish.”
“When you talk about hawkers, Singapore is not the only one to have hawker culture… Why (do you) need to go to UNESCO to patent? Is yours so special?” added the chef, who once appeared on a show with late American celebrity chef Anthony Bourdain.
Another well-known local chef, Ismail Ahmad, insisted that his country was a street food “paradise” and it should be Malaysia that was applying for UN recognition. “Even the Singaporean people come to Malaysia and enjoy our stalls,” he said.
But Singaporeans have dismissed the anger in Malaysia, insisting a UNESCO listing is about more than just food. “It is about the street food culture heritage that bonds people together and is supported by the government and industry, because it is about the community,” acclaimed Singaporean food critic K.F. Seetoh was quoted as saying in the city-state’s New Paper newspaper. “If you have it, flaunt it.”
The countries have had testy relations since Singapore became an independent state in 1965 after being ejected from a brief union with Malaysia, but rows about food tend to get particularly heated.
Singapore plans to submit its nomination to UNESCO in March, and an announcement on whether the bid has been successful is expected in 2020. — AFP

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