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Hotel101 tops off Madrid project, completion set for December

DoubleDragon Corp., the listed property developer owned by Edgar “Injap” Sia II and Tony Tan Caktiong, held the topping-off ceremony for the Hotel101-Madrid project on April 11.

DOUBLEDRAGON CORP. (DD) said the 680-room Hotel101-Madrid project of its hotel subsidiary Hotel101 Global Pte. Ltd. in Spain is set for completion in December as the company continues with its global expansion.

Hotel101 held the topping-off ceremony for Hotel101-Madrid on April 11, 11 months after the start of construction, DD said in a regulatory filing on Monday.

According to the company, the completion of Hotel101-Madrid will coincide with the upcoming F1 Grand Prix in Madrid next year.

The project sits on a 6,593-square-meter commercial property along Avenida Fuerzas Armadas, Valdebebas, in Madrid.

It is located near the Valdebebas Train Station, the IFEMA convention complex, the Real Madrid Sports Complex, and the new Madrid Barajas International Airport.

Once finished, Hotel101-Madrid will be one of the top five largest hotels in Madrid. It is one of the first three Hotel101 projects overseas, along with Niseko in Japan and Los Angeles in the United States.

Hotel101 aims to have one million rooms across 100 countries. It has identified an initial 25 priority countries for expansion, including the Philippines, Japan, Spain, the US, the United Kingdom, the United Arab Emirates, India, China, Thailand, Malaysia, Vietnam, Indonesia, Singapore, Cambodia, Bangladesh, Mexico, South Korea, Australia, Canada, Switzerland, Turkey, Italy, Germany, France, and Saudi Arabia.

Hotel101 is set to have its $2.3-billion listing on the Nasdaq Stock Exchange in the United States within the quarter.

Hotel101 will list on Nasdaq through a merger with JVSPAC Acquisition Corp. The combined entity will trade under the ticker symbol “HBNB.” The two groups signed a merger agreement in April last year.

DD shares climbed by 0.72%, or six centavos, to P8.36 per share on Monday. — Revin Mikhael D. Ochave

Globe’s GCash to acquire up to 50% stake in AB Capital

MICHAEL FOUSERT/UNSPLASH

GLOBE Telecom, Inc., through Globe Fintech Innovations, Inc. (Mynt), said it had closed two investment tranches to acquire a stake in AB Capital Securities, Inc. (ABCSI).

“As of December 31, 2024, Mynt has closed the two investment tranches and currently owns 16% of ABCSI,” Globe said in a regulatory filing on Monday.

Mynt, the parent company of electronic wallet platform GCash, entered into a definitive agreement with ABCSI in September 2023 to acquire up to 50% of its equity.

GCash has over 94 million registered users.

The electronic wallet platform is also among the most anticipated initial public offerings. Globe President and Chief Executive Officer Ernest L. Cu has said the GCash IPO could target an $8-billion valuation and may happen by year-end.

GCash services are currently available in 16 markets, including the United States, the United Kingdom, the United Arab Emirates, Australia, Canada, Germany, Hong Kong, Italy, Japan, Saudi Arabia, Kuwait, Qatar, Singapore, South Korea, Spain, and Taiwan.

For 2024, Globe recorded a core net income of P21.5 billion, marking a 14% increase from P18.92 billion in 2023, driven by higher revenues.

The company reported a combined revenue of P165.02 billion, up 2% from P162.33 billion in 2023, supported by a 4% increase in mobile revenues, which rose to P116.71 billion.

Last year, Globe said its mobile subscriber base grew by 7% year on year to 60.9 million, while mobile data users increased by 3% to 37.4 million.

At the local bourse on Monday, shares in Globe fell by P8, or 0.38%, to close at P2,090 apiece. — Ashley Erika O. Jose

SteelAsia taps Italian firm to build steel mill in Quezon province

STEELASIA MANUFACTURING CORP FACEBOOK

STEELASIA Manufacturing Corp. has tapped Italy’s Danieli Co., Ltd. to build its heavy steel sections mill in Candelaria, Quezon.

Under the agreement, Danieli will supply all the core equipment and technology required for the P30-billion steel mill project.

Using Danieli’s green technologies, the Candelaria mill is expected to have one of the lowest carbon footprints among steel plants worldwide, with a projected reduction of 2 million tons of carbon dioxide.

“Steel is the base development of any country. This is laying the foundation of future development in the Philippines, and this is what we are seeing everywhere in the world,” said Danieli Chief Executive Officer Giacomo Mareschi Danieli in a statement on Monday.

The steel mill will be the first facility in the Philippines capable of producing heavy beams, angles, channels, sheet piles, and narrow plates, all of which are currently imported from China and Vietnam.

“Sections are most suitable for seismic zones or typhoon belts such as the Philippines because of their tensile strength advantages over reinforced concrete,” SteelAsia said.

Special Assistant to the President for Investment and Economic Affairs (SAPIEA) Frederick D. Go, who attended the signing ceremony, said SteelAsia’s investment is the kind of project the administration of President Ferdinand R. Marcos, Jr. seeks to attract.

“We want these kinds of investments to rebuild our economy and move from a consumption-based economy to a more sustainable investment-led economy,” Mr. Go said.

According to SteelAsia, the Philippine construction sector is expected to benefit from the new mill through cost and time savings once operations commence in 2027.

“Delivery lead times, particularly for infrastructure projects, will reduce from three months for imported steel to just two weeks locally,” the company said.

“By substituting these imports, the country will also benefit by avoiding the purchase of US dollars,” it added.

Once operational, SteelAsia’s section mill in Candelaria, along with its facility in Batangas, will help the country replace $1.2 billion worth of steel imports annually.

“It will really help our country’s self-sufficiency and reduce importation dependence from international suppliers,” SteelAsia said. — Justine Irish D. Tabile

Kuya J showcases halo-halo flavors, seafood dishes

KUYA J RESTAURANT recently highlighted certain menu items in time for the Lenten season and the record summer heat, at a tasting event at its Venice Grand Canal Mall branch in McKinley Hill, Taguig City.

Four halo-halo flavors are now available on the menu — original ube (using purple yam ice cream), espesyal (using vanilla ice cream), duo (which uses both), and cheesy ube (the original topped with grated cheese).

Kuya J also provided dishes such as scallops, fish and chips, and sizzling pompano for those who want to abstain from meat on Fridays throughout the Lenten season — and beyond.

Caren Aguado, Kuya J’s senior marketing manager, said at the tasting that their menu items make use of signature Filipino flavors to present something new.

“Every item also has its components specified in the menu, because we want customers who might have allergies or diet restrictions to immediately know what to order without having to ask what’s in it,” she said.

Aside from fan-favorites like the Cebu-style chicken inasal (barbecue), the bulalo (bone marrow soup), and the crispy lumpia balls (spring rolls), Kuya J’s seafood dishes are a must-have. For appetizers we had perfectly grilled scallops and savory kroketas (croquettes) that were crispy on the outside and soft on the inside. The most unique appetizer is the fish and chips — no, it’s not what you’re thinking of. It is a Filipino version that puts tawilis (a freshwater sardine) and kamote (sweet potatoes) chips together.

The scene stealer of the meal was the sizzling pompano sa gata (cooked in coconut milk), which had a delectable sweetness and a hint of spice. It can be paired with aligue (crab roe and fat paste) fried rice, to enhance the meal’s rich flavors from the sea.

As for the dessert menu, the halo-halo remains a favorite during the summer. Kuya J’s version is set apart due to its finely shaved, milk-infused ice that makes eating the dessert very easy. There were no giant chunks of ice in the way, which Filipinos usually spend minutes crushing in their bowls, so we didn’t have any trouble mixing the various add-ins.

The jelly nata (coconut gel), the crunchy cornflakes, the silky macapuno (coconut sport), beans, langka (jackfruit), and soft leche flan (milk flan) all come together smoothly in the mouth. Each flavor brings something different, too — the classic ube is vibrant and earthy while the espesyal is creamier and sweeter. Combining both into the duo blends both worlds perfectly.

Perhaps the most unusual halo-halo flavor at Kuya J is cheesy ube, which is sprinkled with grated cheddar cheese atop the flavored ice. Those who love decadence in each bite will appreciate this version.

Kuya J’s halo-halo comes in two sizes: solo at P89 and regular at P135. — Brontë H. Lacsamana

GAC Motor Philippines hopes to sell 4,000 units this year

GAC MOTOR PHILIPPINES

ASTARA PHILIPPINES-LED GAC Motor Philippines expects its sales to reach 4,000 units this year, driven by demand for its Emzoom model and a shift among customers toward electrified vehicles.

“For all GAC offerings, our plan is to grow it again and reach 4,000,” Luis Torres, country manager of Astara Philippines, told reporters on the sidelines of the Manila International Auto Show on Thursday last week.

Mr. Torres said GAC Motor sold 3,600 units last year. If this year’s target is met, the company would post an 11% year-on-year increase in sales.

“We used to rank fifth among Chinese brands in the Philippines and then finished [2024] in second place,” Mr. Torres said.

“And as you know, we have six models in the market: M6, M6 Pro, GS8, Empow, Emkoo, and our beautiful star, Emzoom,” he added.

These models are currently available through the company’s 35 independent dealerships across the country.

“We are very proud of it because it is very difficult to have full coverage across the Philippines, but we have. And these are not only for sales but for service as well,” he said.

Asked whether the company plans to open more dealerships within the year, he said the target is to open at least seven additional locations by yearend.

“If we want to grow, we need to look into other provinces. It is in our plans. As I mentioned, we have 35 dealers, so we will maintain that, and by the end of the year, add seven to 10 more,” he added.

For 2025, Mr. Torres said GAC Motor is taking the next step toward electrification, following the launch of the Emkoo Hybrid in 2024.

During the auto show, GAC Motor introduced a new addition to its electrified lineup — the M8 PHEV (plug-in hybrid electric vehicle).

“Our plan is to start sales of this model in June … so our goal is to try to sell more than 250 in a year,” Mr. Torres said.

“GAC is invested in the future, and that future is electric, intelligent, and designed with the modern Filipino in mind,” he added.

However, Mr. Torres said the electric vehicle sector in the Philippines continues to face challenges, particularly regarding the availability of charging infrastructure. — Justine Irish D. Tabile

Gov’t fully awards T-bills at broadly steady rates

BW FILE PHOTO

THE GOVERNMENT fully awarded the Treasury bills (T-bills) it offered on Monday at mostly steady yields amid strong investor demand.

The Bureau of the Treasury (BTr) raised P25 billion as planned from the T-bills it auctioned off on Monday, as total bids reached P74.512 billion or nearly thrice the amount on offer. This was also higher than the P63.33 billion in tenders recorded on April 7.

Broken down, the Treasury borrowed the programmed P8 billion via the 91-day T-bills as tenders for the tenor reached P13.387 billion. The three-month paper was quoted at an average rate of 5.422%, inching up by 2.9 basis points (bps) from the 5.393% seen at the previous auction. Tenders accepted by the BTr carried yields of 5.293% to 5.522%.

The government likewise made a full P8-billion award of the 182-day securities as bids for the paper amounted to P28.525 billion. The average rate of the six-month T-bill was at 5.657%, 1.2 bps higher than the 5.645% fetched last week, with accepted rates ranging from 5.59% to 5.718%.

Lastly, the Treasury raised P9 billion as planned via the 364-day debt papers as demand for the tenor totaled P32.6 billion. The average rate of the one-year T-bill slipped by 0.4 bp to 5.722% from 5.726% previously, with bids accepted having yields of 5.672% to 5.746%.

At the secondary market before Monday’s auction, the 91-, 182-, and 364-day T-bills were quoted at 5.3701%, 5.6180%, and 5.7804%, respectively, based on PHP Bloomberg Valuation Service (BVAL) Reference Rates data provided by the Treasury.

The government fully awarded its T-bill offer as average rates fetched for all tenors were broadly steady, a trader said in a text message.

“We saw just the usual client demand supporting this portion of the curve,” the trader said.

Yields on the shorter T-bill tenors crept higher as players likely held on to their cash before the jumbo offering of new 10-year bonds on Tuesday, as well as other spending requirements, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

“The T-bill auction yields are now mostly slightly higher versus the comparable short-term PHP BVAL yields, except for the one-year tenor, and also mostly above the key local policy rate of 5.50%,” he said.

Volatility and inflation fears caused by growing global trade war concerns also affected the market, Mr. Ricafort added.

On Tuesday, the government will hold its price-setting auction for an offering of new 10-year fixed-rate Treasury notes (FXTN), from which it wants to raise at least P30 billion.

The public offer period for the bonds is scheduled to run until April 24, unless closed earlier. The notes can be purchased at a minimum of P10 million and in increments of P1 million thereafter.

The BTr has canceled the auction of 15-year bonds scheduled for April 22 to make way for the FXTN offering.

The Treasury said the FXTN issuance through an extended public offer period format is meant to establish a benchmark-sized security, which will enhance secondary market liquidity and price discovery of the BTr’s debt instruments.

“Additionally, as evidenced by the success of BTr’s various retail bond issuances, the extended offer period format provides more flexibility for market participants to have immediate pricing guidance on the security and more time to place orders to build robust volume,” it said in a statement.

“Coming on the heels of the highly successful $3.3-billion dual-currency and triple-tranche issuance of US dollar- and euro-denominated global bonds last February, the 10-year FTXN offering is intended to raise additional funding to support the implementation of the government’s budget priorities, including projects and programs related to agriculture, education, healthcare, and infrastructure development,” the BTr added.

The government borrows from local and foreign sources to help fund its budget deficit, which is capped at P1.54 trillion or 5.3% of gross domestic product this year. — A.M.C. Sy

Cutting bureaucracy, not corners: LGU successes in ease of doing business

FREEPIK

A few weeks ago, President Ferdinand R. Marcos, Jr. issued Proclamation No. 818 declaring May as Ease of Doing Business Month. Although primarily ceremonial, the move strategically emphasizes streamlining bureaucracy and promoting transparency in public service. By further empowering the Anti-Red Tape Authority (ARTA), this Proclamation reinforces institutional accountability and government efficiency, signaling the Administration’s serious commitment to investor-friendly reforms that are critical in driving sustainable economic growth.

Not long ago, starting or running a business in the Philippines was ridiculously cumbersome. In 2010, the country languished near the bottom of global Ease of Doing Business (EODB) rankings — 144th out of 190 economies. The following year it dropped to 148th.

Substantial improvements came in 2020 when the Philippines leaped 29 spots to rank 95th, marking its first top 100 placement since 2014.

So, what exactly changed? Reforms — lots of them, both big and small. Government agencies, often prodded by ARTA, alongside the private sector and competitiveness advocates, started to simplify procedures and embrace technology.

During my tenure at ARTA, I observed firsthand how targeted regulatory reforms significantly improved processes. Key to these successes was the synergy between national streamlining and the proactive role of local government units (LGUs). Given the country’s structure — with 82 provinces, 149 cities, 1,493 municipalities, and over 42,000 barangays — local autonomy posed potential hurdles to national-level reform initiatives.

Local legislation varies across the nation as LGUs have their own councils tasked with enacting local ordinances. In one city, being topless in public areas is penalized with a fine or jail time. In another, there was a ban on motorcycle backriding or pillioning, unless the riders were related within the first-degree. A barangay ordinance entitled “Protection of the Unborn Child Ordinance” was widely criticized and later revised for containing a ban on the sale of contraceptives.

Hence, my worry that there would potentially be issues where streamlining succeeded at the national level, only to stall and delay at the local level.

How wonderful it is to be proven wrong.

LGU autonomy on the matter sparked innovation and prompted digitalization throughout the country, setting examples for others to benchmark from and replicate.

In Iloilo City, the enhanced Electronic Business Permits and Licensing System, launched in 2024, allowed for permits to be secured 100% online, from the city to the barangay level.

Tagbilaran City earned the ARTA Certificate of Commendation for a fully streamlined and digitalized permitting system. Customers file unified application forms, upload supporting documents, pay the fees digitally, and receive the digital permits which include barangay and fire safety certificates.

Quezon City (QC), the country’s most populous city and the largest in the National Capital Region (NCR), took very proactive steps in the digitalization of business permitting systems through its Online Unified Business Permit Application System where citizens apply, pay, and receive their permits. Hard copy permits are automatically couriered to the applicants, further reducing opportunities for red tape. QC is also the first city to integrate with the Department of Trade and Industry (DTI), enabling one-stop functionality for sole proprietorships.

QC has taken further steps through its Automated Zoning Evaluation System (AZES), a geotagging tool enabling quick and efficient assessments of business applications in relation to the zoning classifications and regulations. AZES is publicly available and shows business density to the street level, enabling would-be entrepreneurs the ability to ascertain whether their desired location is appropriate for their planned business activity.

Parañaque is arguably the pioneer of EODB improvements, having achieved numerous integrations even prior to the passage of the EODB Law. It integrated barangay permits and other National Government permits into the city’s systems. It was among the first to go fully digital, continuously streamlined their processes, and, through a number of measures including their Project ERIC, completely obliterated the need for physical contact and thereby heavily reduced temptations for red tape and corruption. In 2023, ARTA cited Parañaque as the only city that was fully compliant with the eBOSS mandate.

Some cities placed their services literally in the palm of one’s hand by integrating with the eGovPH app. In the NCR, Caloocan, Makati, Manila, Parañaque, Pateros, and QC have their business permitting systems integrated. For some, the eGovPH app can be used to process or pay for other governmental services, such as parking and traffic violations (Parañaque), occupational work permits (QC), and real property taxes, business taxes, health permits, and community tax certificates (Manila).

These LGUs have benefited from their EODB efforts through visible increases in revenue generation. Between 2023 and 2024, 14 LGUs with eBOSS systems collected P55 billion from business permits alone, jumping 14% to P61.62 billion in 2024. In QC, new businesses breached the 10,000 mark, up by 25%. Bacolod City logged an 8% year-on-year increase as well. Parañaque’s business tax collections and fees increased 17% from P4.4 billion to P5 billion.

The Philippine journey in improving EODB is a story of significant strides forward, albeit with a long road still ahead. From being mired in red tape in the past, the country has shown that political will and concrete reforms can make a tangible difference. The message is clear to investors — we’re open for business.

This article reflects the personal opinion of the author and not the official stand of the Management Association of the Philippines or MAP.

 

Ira Paulo Pozon is the chair of the EODB Committee of MAP. He is the former chief of staff and OIC director for the Better Regulations Office of ARTA. He is a senior partner of Pozon Recto Peteache and Laiz law office. He is also the manager of the Legal, Policy, and Quality Management Office and the chief of staff of the Southeast Asian Ministers of Education Organization Regional Center for Educational Innovation and Technology (SEAMEO INNOTECH).

map@map.org.ph

irapaulopozon@gmail.com

Easter gets hopping

THE PEN Boutique’s four-kilo limited-edition Peninsula Chocolate Golden Easter Egg

BUSINESSWORLD rounded up a selection of events you can do in the city (and beyond) for Easter: from elegant afternoons to plain kiddy fun. Please forgive the puns — they were irresistible.

An elegant Easter at The Peninsula Manila

ON EASTER Sunday, April 20, The Peninsula’s youngest guests can participate in egg-cellent Easter activities in the Rigodon Ballroom, from face painting and trace n’ color classes, to pin-the-bunny-ear games, magic shows, and balloon domes. Of course, Easter would not be complete without a visit from the Easter Bunny who’ll help children fill their Easter baskets with eggs hidden in the vivid and fantastical Egglandia Maze. Children from one to 10 can join The Peninsula Egglandia Egg Hunt and Merienda Buffet that takes place on Easter Sunday from 2 to 5 p.m. The merienda buffet will be served in the Garcia Villa room. Prizes for best costumes will also be given: think an Easter buffet, ice cream, fries, ice scramble. Entrance is priced at P5,500 (one child 12 years and below and one adult), and P3,000 for an additional child or adult.

For all-day enjoyment, avail the Peninsula Easter Bunny Bash room package, with in-room bubble baths, breakfast buffets each morning in Escolta restaurant, Easter nibbles from The Pen Boutique, access to the swimming pool, and egg-hunting at the Egglandia Easter Egg Hunt and Merienda Buffet. Rates start at P18,530++ for a Deluxe Room. There will be only one complimentary ticket to the egg hunt per room booking.

Meanwhile, The Pen Boutique has come up with a four-kilo limited-edition Peninsula Chocolate Golden Easter Egg which contains prizes within. Lucky winners will receive an overnight stay in a Grand Deluxe room, a bottle of Peninsula Champagne, a P5,000 gift certificate from Spices, and many more. Only 30 limited-edition Peninsula Chocolate Golden Easter Eggs are available for P6,500.

Afternoon Tea at The Lobby has been reimagined for Easter with spring- and Easter-inspired sweet items. Treats include a White Chocolate Mousse with Strawberry Confit, made to look like bunny ears; and a Mango and Coconut Opera. There are, of course, savories like Chorizon in a Piquillo Pesto Cream Ciabatta, and Roast Beef Salad and Fig Jam in a Crispy Onion-Mustard Baguette. Easter-themed Tea is served daily until April 20, from 2:30 to 5 p.m. at P5,800 with two flutes of Champagne, and P3,800 with a pot of tea.

For a more robust meal, enjoy an Easter Sunday brunch buffet with the family in Escolta from noon to 3 p.m. at P4,990 for adults and P2,500 for children below 12 on Easter Sunday.

For inquiries or more information on The Peninsula Manila’s Easter specials, call 8887-2888, ext. 6630 or e-mail reservationPMN@peninsula.com for Room Reservations, ext. 6694 or e-mail diningPMN@peninsula.com for Restaurant Reservations, or visit peninsula.com.

Solaire Resort North hops into Easter

THE NEWLY opened Solaire Resort North will be holding its very first Easter celebration, with Easter egg hunts, special dishes all around the property, and accommodations available for the whole family.

An Easter Egg Hunt will be held at the Kids Club where each egg found holds prizes and treasures. Alongside this, hunt for eggs from 9 a.m. to 9 p.m. on April 20 to get a chance at winning exclusive vouchers to spend time at selected Solaire Resort North outlets.

Celebrate Easter with the whole family at FRESH International Buffet where there will be a selection of activities perfect for everyone. Easter feasts will also be served at Lucky Noodles and Manyaman, and for a more elevated celebration, savor an Easter Sunday brunch with Finestra and Yakumi.

Booking a stay for April 14 to 20 and enjoy discounted rates alongside a breakfast at FRESH.

For more details, reservations, and inquiries, visit the Solaire Resort North website at sn.solaireresort.com/offers/rooms-suites/easter-family-fun-escape, or contact 8888-8888 or e-mail sn.reservations@solaireresort.com.

Easter joy at Solaire Resort Entertainment City

SOLAIRE Resort Entertainment City has an Easter Sunday celebration for the entire family on April 20. The day starts with a Sunday mass at 10 a.m. in the Grand Ballroom, followed by a range of interactive activities with brunch buffets. There will be Easter egg hunts, bunny hopscotch races, face painting, and egg decorating. Earn special discounts and Easter goodie bags.

The Grand Ballroom holds Easter egg hunts for all ages and bouncy inflatables. At the Sky Tower area, kids can pick their own eggs to decorate at Waterside, complete a carrot toss at Oasis, and hop through Easter-patterned squares for a fun hopscotch activity at Fresh.

At the Theatre Café, kids can enjoy cookies and cupcake decorating, face painting, balloon sculpting, and enhance their creativity through a coloring mural. The Easter Bunny will be hopping around for photo ops.

Easter brunch buffets will be served at Finestra, Red Lantern, and Yakumi. At Finestra, enjoy unlimited flutes of champagne, a seafood tower served directly at your table, a cold cuts station, a roast beef station, and luxurious dessert. Eat all you can at Red Lantern with a dim sum buffet. At Yakumi, feast at its eight live stations.

An Easter-inspired afternoon tea will be served at the Oasis Garden Café.

Complete your Easter celebration by booking a Deluxe Room with a city or garden view for P10,500 net until April 18. Call 8888-8888 or e-mail reservations@solaireresort.com.

A playful Easter at City Of Dreams

THE WORLD’S first DreamWorks-inspired family entertainment center, DreamPlay, will be holding its annual Easter event on April 20, Easter Sunday, with registration starting at 10 a.m. The Legendary Easter package (P3,499 net) includes an all-day participating pass to the 12 attractions, access to the Dream Theatre movie Secrets of the Masters in 4D, and egg-citing activities which start at 11:30 a.m. with a jigsaw puzzle game, followed by a magic and balloon twisting show at 12:45 p.m. DreamPlay’s dining café, Chez Gingy, offers a buffet for package holders from 11 a.m. to 2 p.m., where a meet-and-greet with DreamWorks characters will also take place. At 2 p.m., the characters will lead an Easter parade at The Shops at the Boulevard. Legendary package passholders are also given a loot bag, an Easter cupcake, an Easter Egg cookie to decorate with Gingy, and other entitlements including a 50% discount on in-park printed photos and a 20% discount on flower-shaped cotton candy. The Easter event at DreamPlay is open to only 150 participants and is ideally for children ages five years old and above. Kids below five availing of this package must be accompanied by an adult holding a separate Classic Easter package (P1,899 net), which includes access to the Chez Gingy buffet. While DreamPlay is exclusive to Legendary Easter and Classic Easter package holders from 11 a.m. to 3 p.m. on Easter Sunday, the family center is reopening to the public by 4 p.m.

DreamPlay is also open from April 16 onwards.

Advance ticket purchase for the Legendary Easter and Classic Easter packages are ongoing until April 19 at the DreamShop counter, Wednesday to Sunday. For online payments, e-mail Dreamplay@cod-manila.com or message DreamPlay’s Facebook page.

For more luxurious Easter treats, however, think of Nobu Manila’s Easter Sunday Brunch: whole roasted US prime ribeye and Nobu-style Salmon Wellington, offered alongside Japanese Uni Tempura, King Prawn with yuzu kosho, Gallagher Oyster Okonomiyaki and Japanese Uni Palabok with assorted seafood. The Nobu brunch concept combines an all-you-can-eat dishes in an a la carte menu with a buffet spread where chefs prepare sushi, sashimi and maki rolls at the sushi bar and grilled skewered meats and vegetables at the kushiyaki station. The Nobu Easter brunch is available from 11:30 a.m. to 3 p.m. and price starts at P4,388 net per adult for the Regular package, inclusive of non-alcoholic beverages and mocktails. Other packages that include alcoholic and premium beverages are also available. Children ages six to 12 years old enjoy half price and those five years and below dine for free when accompanied by an adult availing of the Nobu brunch.

Meanwhile, Café Society sweetens the occasion with handcrafted chocolates and confections. The selection includes white and milk chocolates carved into Easter bunnies and chicks, colorful Easter eggs, and other whimsical animal figures, starting at P450. Other Easter-themed confections and pastries include Easter Chixcake (P2,100), Easter White Chocolate Rabbit Cake (P2,000), Easter cupcakes (P1,000 for a set of six), bunny cookies (P250 for two pieces), and Tres Leches Loaf (P750). The Easter treats at Café Society are available from 8 a.m. on Tuesday until April 21.

Finally, rest easy at City of Dreams Manila’s three Forbes Travel Guide Star-rated hotels, which start at P12,200 net at Nüwa Manila, P10,900 net at Nobu Hotel, and P9,698 at Hyatt Regency Manila. The Easter room packages include an overnight stay with complimentary breakfast for two adults and two children 12 years old and below, P1,000 dining credits that can be used at City of Dreams Manila’s operated outlets, 20% discount on DreamPlay’s participating tickets, 20% discount on selected Spa services, and a complimentary Maxibar in the room. Booking period is until April 19 with stay period from April 14 to 20. For inquiries, call 8800-8080 or e-mail guestservices@cod-manila.com; or visit https://www.cityofdreamsmanila.com/en/whats-on/easter-2025.

Peace and pets at Somerset Millennium Makati

AT SOMERSET Millennium Makati, even pets get an Easter holiday. Somerset Millennium Makati is a pet-friendly serviced apartment, so fur babies are welcome to enjoy a staycation. A pet fee of P2,000 per pet per day includes a welcome pet amenity kit, consisting of a pet bathrobe, pillow, treats, wipes, poop bags, and a cozy bed. On Sunday, April 20, from noon to 8 p.m., Somerset Millennium Makati, in partnership with Pet Socials PH, is celebrating Easter with pets in mind. Join them for Easter Pet’s Day Out at the 7th Floor “Barking” Lot. Entrance is free for all, and visitors can check out pet merchandise booths, let their pets play in the pet park, enjoy a photo booth and pet buffet, win raffle prizes, and more. Guests may opt for one of the hotel’s Biophilic Rooms adorned with live potted plants and nature-themed accents, connected to the hotel’s sustainability goals. Meanwhile, for P4,500 net, enjoy an overnight stay in a One-Bedroom Suite inclusive of breakfast for two adults and two kids (six years old and below), 20% off at Paradasia Spa, and access to the fitness center and swimming pool. Visit https://www.discoverasr.com/en/somerset-serviced-residence/philippines/somerset-millennium-makati and enter the promo code GETAWAY. For more information on Easter Pet’s Day Out follow @somersetmillenniummkt.

Seafood feasts at Newport

FROM the quiet reflection of Lent to the festive joy of Easter, Newport World Resorts offers a selection of experiences that embrace the ease of this season. Discover the range of non-meat dishes at Gordon Ramsay’s Bar & Grill PH, featuring a variety of à la carte offerings. While fish and chips remain a favorite, there is an array of meat-free options waiting to be explored like classic bouillabaisse broth with saffron rouille, pan-roasted king scallops in caviar sauce, and pan-roasted Tasmanian Salmon in citrus beurre blanc. These à la carte dishes start at P390++. For reservations, e-mail reservations@gordonramsayrestaurants.com.ph, for Viber and WhatsApp Chat, reach out to 0917-147-657.

At Casa Buenas, enjoy the freshness of the bounty of the sea. The signature Seafood Platte for two, features grilled butter lobster, broiled oysters with cucumber relish, jamón-wrapped scallops, and more for P2,500 net. It is available until April 30. Inquire through 7908-8988 or 0917—8788312 or visit casa.buenas@newportworldresorts.com.

Over at Garden Wing Café, located at GF, Garden Wing, one finds prawns and pumpkin gently simmered in a creamy coconut crab fat sauce. This limited-edition Prawn in Aligue, served with warm rice is priced at P800 net, available until April 30. They also offer bunny cakes and chocolate treats to take home. For inquiries, contact 7908-8889.

Hilton Manila brings the magic of Easter to life with its Easter Carnivale. Guests can enjoy lunch at Kusina Sea Kitchens, followed by an Easter program at The Ballroom. For P3,500 net for one adult and one child, they can enjor inflatables, egg hunts, face painting, and more. The Easter event is also available separately for P1,500 net for adults and P1,000 net for kids. For more information, contact 7239-7788.

Gather at the Bunny’s Easterland of Sheraton Manila Hotel with an Easter egg hunt at ColLab. Guests are encouraged to come in their cutest Easter costumes. For P1,600 net for adults and P800 net for kids, this Easter celebration promises fun for the whole family. For details and tickets, contact 0917-840-1007.

Hotel Okura Manila serves the Easter Kisetsu Buffet at Yawaragi, available for lunch from noon to 3 p.m. at P3,900++ per person. It features seasonal highlights such as herbed roasted Omaha steamship, slow-braised osso buco, grilled Japanese Arabiki sausage, and more. Yamazato meanwhile offers the Easter Dinner Party Set. Available for dinner at P20,000++ for four persons, this set features assorted nigiri, maki, tori karaage, and more. For inquiries and table reservations, call 5318-2888 or e-mail fb@hotelokuramanila.com.

Marriott Manila’s Marriott Café Bakery elevates Easter indulgence with a selection of Easter themed pastries. These are available until April 21.

For more information on Newport World Resorts, visit www.newportworldresorts.com and follow @newportworldresorts on Facebook, Instagram, and TikTok.

Shangri-La Plaza gets tech-y this EASTER

TRADITION MEETS tech on April 20, Easter Sunday, as Shang holds a larger-than-life Minecraft-themed Easter egg hunt. In Pixel Lab: Eggsploration and Innovation at the Shang, young hunters will get to visit the mall’s various merchants for egg stickers and pick up bonus pixelated gems from select booth stations along the way. Prizes from participating stores await kids who complete their sticker map. To join, register children between two and 12 years old through eventsatshangri-laplaza.helixtickets.asia and choose between two schedules: 1 to 4 p.m. and 4 to 7 p.m. Receive a Lab Entry QR Code as a confirmation of registration and have it scanned during the check-in at the East Atrium on April 20. Each participant gets a Mission Map detailing merchant locations and XP booth stations, as well as an Adventurer’s ID, which covers one child and one adult. Once complete, turn over the Mission Map at the East Atrium to redeem a mystery prize chest.

Children’s drawings also come to life at the East Atrium’s Pixel Lab, transforming them into animated elements in a digital world. They can also try their hand at virtual axe-throwing with a digital target challenge.

On April 26 and 27, business-minded boys and girls can tap into their entrepreneurial chops in Growth Hub by Kiddo-preneur, a weekend marketplace run by kids aged five to 17 years old. Head over to the Grand Atrium from 10 a.m. to 5 p.m. to catch the selling event that allows kids to design their booth and promote their original products to real-life customers. Prizes will be given to those with the Best Booth Design, Best Service, Best Concept, and Best Ad. Beyond the booths, the weekend fair also features interviews with the budding entrepreneurs, lively special performances, and an insightful talk on business fundamentals. For updates and inquiries, follow Shangri-La Plaza on Facebook at www.facebook.com/shangrilaplazaofficial and on Instagram @shangrilaplazaofficial.

Hop-py Easter picnic at Diamond

HOP into a colorful and egg-stra special Easter holiday at A Hop-py Easter Picnic at Diamond Hotel Philippines in Manila. It will be held at the Diamond Ballroom on April 20, from 10 a.m. to 2 p.m. There will be live musical performances, games, and a magic show, face painting, glitter tattoo, a costume contest for kids dressed in their most eggs-traordinary outfits, a photo booth, and more. Tickets are priced at P2,800 net per person, inclusive of a bento lunch box, access to the show and all activities, and a chance to win a Nintendo Switch OLED at the Grand Raffle Draw.

The hotel also offers the Hop-py Easter Getaway room package, starting at P8,800 net per night in a Deluxe Room, inclusive of a buffet breakfast for two at Corniche, access to the Health Club & Spa, outdoor swimming pool, and whirlpool, plus two tickets to A Hop-py Easter Picnic event on April 20. The package is valid for stays dated April 13-20. To book the Hop-py Easter Getaway room package, visit www.diamondhotel.com or contact Room Reservations at 8528-3000 or e-mail reservations@diamondhotel.com. For tickets to “A Hop-py Easter Picnic,” visit onlineshopping.diamondhotel.com.

Easter experiences at Grand Hyatt Manila

FROM April 16 to 20, Grand Hyatt Manila’s Florentine offers handcrafted chocolate eggs priced at P1,800 net each. Each egg contains a surprise gift, ranging from gourmet experiences to an overnight stay for two. Florentine debuts a special Easter collection, ideal for gifting, sharing, or savoring. The highlight of the collection is the Easter cake — a pineapple-infused masterpiece that promises to steal the show.

Meanwhile, guests checked-in between April 19 and 20 can get a 25% discount on stays with breakfast for two and up to two complimentary passes to the Easter Activity Area for both Saturday and Sunday from 11 a.m. to 6 p.m., with an Egg Hunt on April 20 at 10 a.m.

Reflection at Richmonde Hotels

THIS Lenten season, Richmonde Hotels present an array of special offerings for reflection, relaxation, and celebration, from tranquil staycations to Easter activities for all ages at Richmonde Hotel Ortigas, Eastwood Richmonde Hotel, and Richmonde Hotel Iloilo.

Find serenity in the heart of the metro with Richmonde Hotel Ortigas’ Easter Staycation Deal, available from April 13 to 21. Guests can enjoy a relaxing city break with rates starting at P3,800 for room-only accommodations and P4,800 with breakfast buffet for two. Each stay comes with a welcome amenity, Wi-Fi access, and use of the hotel’s gym and heated indoor pool.

For bookings that fall on April 17, 18, or 19, guests also receive complimentary access for two to the Dip & Drizzle afternoon activity at the Lobby Café where hotel chefs present a chocolate fountain and dessert-making demonstration paired with sweet treats from 2-4 p.m. Walk-in visitors can join for P250 per person.

On Easter Sunday, April 20, a special breakfast buffet will be served at the hotel’s all-day dining restaurant, Richmonde Café. The buffet is priced at P980, with children aged six to 12 receiving 50% off and kids five years old and below dining for free.

For more information or to make a reservation, call 8638-7777, 0917-534-4352 for the Richmonde Café, 0917-859-7914  for room reservations, or e-mail stay@richmondeortigas.com.

Emperador ‘keeping a close eye on dev’ts in US tariffs’

PHILSTAR FILE PHOTO

ANDREW L. TAN-LED brandy and whisky producer Emperador, Inc. said it is monitoring global market risks as new US trade policies threaten to weigh on its whisky segment, already facing headwinds.

“(We’re) keeping a close eye on developments in US tariffs and their effect on global market dynamics,” Emperador said in a regulatory filing on Monday.

Emperador said it will also continue to pursue its premiumization strategy for the brandy portfolio.

As of April 9, US President Donald J. Trump suspended the implementation of higher reciprocal tariffs for 90 days. However, the 125% tariff on China, as well as the baseline 10% rate, remains in effect.

Emperador issued the statement as it reported a 27.4% decline in net profit for 2024 to P6.32 billion, driven by lower revenue.

Revenue dropped by 6.1% to P61.65 billion due to weakened consumer demand amid economic headwinds.

Gross profit fell by 11.2% to P18.78 billion, weighed down by higher costs of raw materials, dry goods, and an unfavorable product mix.

“Headwinds persisted in 2024, slowing down growth in revenue and net profit,” Emperador said.

The brandy segment recorded a 51.2% decline in net profit to P1.81 billion as revenue fell by 9% to P36.39 billion, reflecting weak demand and a shift in consumer preference toward bottom-shelf products.

Meanwhile, the whisky segment posted a 9.6% drop in net profit to P4.51 billion as revenue slipped by 1.6% to P25.26 billion.

“Net profit was down because of interest rate and taxes,” Emperador said.

At the local bourse on Monday, Emperador shares declined by 0.47%, or six centavos, to close at P12.62 apiece. — Revin Mikhael D. Ochave

BPI looking to open 70 new ‘phygital’ branches

BANK of the Philippine Islands’ prime “phygital” branch in Azuela Cove, Davao City. — BANK OF THE PHILIPPINE ISLANDS

BANK of the Philippine Islands (BPI) is looking to open 70 additional “phygital” or physical-digital branches this year as it continues to modernize its branch network.

This would bring BPI’s total number of phygital branches to 140 by end-2025, the listed bank said in a statement on Monday.

BPI currently has 59 phygital, nine prime phygital, and three flagship branches nationwide.

“We’ve been on this phygital transformation journey for the past three years and our customers have experienced the power of that transformation through enhanced convenience, simplified banking, and differentiated advisory service. BPI’s strategy has truly transformed the way our clients engage with the bank,” BPI Head of Consumer Banking and Executive Vice-President Maria Cristina “Ginbee” L. Go said.

Ms. Go previously said the bank will likely have 780 branches by end-2025.

BPI said the opening of more phygital branches is part of its plan to modernize its entire branch network over the next five years.

“Phygital banks harness the combined strengths of BPI’s physical network and digital capabilities to offer customers convenient, effortless, and seamless banking experiences,” it added.

The bank’s digitally acquired clients, or those who conduct more than 50% of their transactions online, and branch-acquired clients, or those who transact over the counter, have the same level of branch transactions, Ms. Go said.

However, the engagement and frequency of transactions of digital clients are higher than those for traditional clients, she noted.

“This is because digital clients still turn to the branch for expert advice from our branch personnel to learn how they can manage their finances better and how can they achieve their dreams. They value the ability to ask questions, explore options and seek expert opinion. Physical presence also builds trust and long-term relationships,” Ms. Go said.

“Being able to talk to someone and visit a branch is an assurance of the legitimacy and commitment of a bank especially on matters as important as one’s hard-earned money.”

Ms. Go added that they expect more clients to do their servicing transactions digitally as the bank boosts its app’s capabilities to include QR payments and mobile check deposits, among others.

BPI’s attributable net income rose by 20.04% to a record P62.05 billion last year.

Its shares climbed by P1.10 or 0.85% to close at P131.10 each on Monday. — A.M.C. Sy

Naples celebrates 2,500 years with massive Easter egg

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NAPLES, Italy — In a sweet tribute to Naples, the city’s famed Gay-Odin chocolate factory unveiled a giant Easter egg as part of the Napoli Millenaria cultural project marking 2,500 years of the southern Italian city.

The 350-kilogram creation honors the legacy of Isidoro Odin and Onorina Gay, two pioneering chocolatiers from Piedmont in northern Italy who brought their art to Naples in the late 1800s.

On display in a factory in the Chiaia district, where the chocolatiers first set up shop, the egg is a blend of tradition and innovation with the enchanting image of the Parthenope siren, designed by master decorator Fabio Ceraso, at its center.

Its hand-painted chocolate sculpture depicts the mythological siren who, unable to lure Ulysses, met her tragic end at Megaride, where Castel dell’Ovo now stands on the sea front in Naples.

Surrounded by waves and a dramatic sunset, Parthenope celebrates the city’s origins.

The egg will eventually go on sale with a price tag of around €12,000 ($13,035).

“We thought there could be no better theme than the myth of Parthenope,” said Sveva Maglietta, a member of the Gay-Odin board of directors.

“On the other side of the egg, we wanted to represent the city of Naples, but with its symbols, which are, as we know, many.”

The giant egg features portraits of beloved figures from Naples, including actor Totò, musician Pino Daniele, and soccer legend Diego Maradona, alongside iconic symbols such as pizza and Castel dell’Ovo itself.

Emblazoned with the words “2,500 years of legendary history,” it showcases Gay-Odin’s historic blue and gold logos.

Crafted over three weeks, the egg’s creation involved hand-brushing enormous molds, followed by a delicate fusion of chocolate and intricate decorations.

“The shell is the size of a two-and-a-half-meter boat that is filled by hand with dark chocolate,” Maglietta told Reuters. “The color is done with a sugar glaze, the coloring agents are all natural and vegetable-based, and then the decorator creates the shades.”

Any wealthy buyer will at least get an additional treat.

“Even this egg has its surprise that is proportionate to the size of the egg, but we can’t tell you what’s inside,” Maglietta said. — Reuters

Hospitality chains expand sustainability features

TAJARAHOSPITALITY.COM

HOSPITALITY chains are working to enhance sustainability features and workcation offerings to address the increasing demand from foreign tourists, according to industry executives.

Cyndy Tan Jarabata, president and chief executive officer of TAJARA Leisure & Hospitality Group, Inc., cited the growing appeal of sustainability-focused and nature-themed hospitality properties.

“A lot of foreign tourists are slowly coming back, the expats have also returned for work… so we’ve seen growth not just in Metro Manila, but also in island destinations,” she said on the sidelines of an event last month.

Hospitality properties must “create something uniquely different that would address the needs of this new generation of travelers,” Ms. Jarabata said, citing sustainability and back-to-nature designs.

The Philippines welcomed 5.95 million international visitors last year, data from the Department of Tourism showed. South Korea recorded the highest number of visitors at 1.57 million, followed by the United States (1.08 million), Japan (444,528), China (313,856), Australia (299,286), and Canada (269,300).

“We are aggressively tapping into international markets such as Taiwan, Japan, India, and the Middle East, tailoring our offerings to meet cultural preferences and travel needs, thereby attracting a more diverse global audience,” Nonito O. Cuizon, director for marketing at Robinsons Hotels and Resorts (RHR), told BusinessWorld in an e-mail.

RHR’s pipeline includes expansions in key destinations such as Siargao, Bohol, and Pangasinan.

Mr. Cuizon said that Fili Hotel in Cebu and Dusit Thani Mactan Cebu are looking to capture demand for Indian destination weddings.

RHR is also expanding its loyalty program to include special perks, discounts, and exclusive offers. It is improving its direct booking channels and upgrading its facilities.

For its part, property management company Discovery Hospitality Corp. (DHC) said it is refining its product offerings to meet increasing demand for workcations.

“We are improving our products to appeal to those who fly hybrid,” Lynette Ermac, senior vice-president and head of sales and operations at DHC, said in an e-mailed reply to questions.

DHC also seeks to ensure that its properties include areas for remote work and facilities for meetings, incentives, conferences, and exhibitions (MICE) and small-scale social gatherings.

“Inspired by changing generational behavior, more digital interaction, and more environmental conscience, guests now search for more meaningful, customized, and real experiences. Additionally in demand are wellness-oriented stays and sustainable travel,” Ms. Ermac also said.

“From carefully chosen local activities to tech-integrated service touchpoints that prioritize the human element, these trends are shaping the design of our products,” she added.

Hospitality chain The Ascott Limited is leveraging its MICE facilities and cultural immersion activities to capture demand for experiential and work-related travel.

“We embrace the concept of leaving destinations better than before by promoting local experiences, sustainable practices, and unique eco-friendly experiential stays,” Loven C. Ramos, director of brand and marketing, said in an e-mail.

Mr. Ramos said Ascott’s serviced residences, which combine hotel and home-like amenities, are ideal for long-term stays and workcations.

He also noted that properties such as Ascott Bonifacio Global City, Ascott Makati, Citadines Bay City Manila, and Citadines Roces Quezon City offer state-of-the-art meeting rooms, event spaces, and diverse culinary offerings.

“Soon, we will also be unveiling the ballroom and MICE facilities at Citadines Bacolod City, which will be the region’s largest when it opens,” he added. — Beatriz Marie D. Cruz

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