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DoTr appoints former MMDA head as undersecretary for roads

FORMER Metro Manila Development Authority (MMDA) General Manager Thomas M. Orbos has been appointed Undersecretary for Road Transport and Infrastructure of the Department of Transportation (DoTr).

Transportation Secretary Arthur P. Tugade confirmed the appointment yesterday, following reports that the MMDA official began work on July 3.

“Yes,” he told reporters on Tuesday when asked to confirm the appointment. Mr. Orbos — who served in the MMDA for over a year — replacing former Undersecretary Anneli R. Lontoc.

On his watch at the MMDA, Mr. Orbos, who was acting chairman before the appointment of retired Brigadier-General Danilo D. Lim, implemented an odd-even number scheme for vehicles to help decongest traffic. The scheme is designed to reduce the number of private cars on the road by 50%.

In a related development, the bases development authority said moving government offices to Clark may help decongest Metro Manila, with the transport department’s move imminent.

Bases Conversion and Development Authority President and CEO Vivencio B. Dizon said yesterday that DoTr for example is moving its office to the New Clark City in Pampanga by the end of the month.

“The location I think it used to be a Cyber City, there was a locator there, it was a BPO (Business Process Outsourcing) and then, the lease expired so DoTr will take up that place,” Mr. Dizon told reporters yesterday.

“It will be a phased-in move,” he added.

The DoTr’s main office is in Mandaluyong City. Mr. Tugade earlier said his agency wanted to make the transfer in December 2017 but decided to move earlier to lead the other government agencies.

New Clark City is planned as a smart, green city on 9,450 hectares of what used to be a military base.

The government is hoping to make New Clark City more viable by improving its access from Metro Manila and as efforts are underway to promote Clark International Airport as an alternative gateway to the congested Ninoy Aquino International Airport.

DoTr has announced it is building the Clark-Manila railway this year which will cut the travel time from Metro Manila to Clark to 55 minutes from the current time of at least two hours.

Another train project in the area is the planned Subic-Clark Cargo Railway, which the government hopes to start building next year for completion by 2020. It will make it easier to transfer goods to Clark and will reduce the number of trucks on the road. — Imee Charlee C. Delavin

Agrinurture raises stake in Chinese firm to majority

AGRINURTURE, Inc. said its board has approved the acquisition of 2% of China’s Zongshan Fucang Trade Co. Ltd, taking its holding in the Guangdong company to a majority stake.

In a regulatory filing on Tuesday, Agrinurture said it signed an agreement with Liang Shunming, who owns 41% of the registered capital of Zongshan Fucang, to acquire 2% of the Chinese commodity trader for 4.09 million yuan.

In October, Agrinurture acquired 49% of Zongshan Fucang for 42.63 million yuan.

The acquisition is expected to expand Agrinurture’s business and establish new networks in China.

Agrinurture supplies bananas, pineapple and papaya to customers in Greater China. — Janina C. Lim

Meralco rejects ‘midnight deal’ allegations on 7 power deals

THE Manila Electric Co. (Meralco) has denied that the seven long-term power supply agreements (PSA) it submitted to the Energy Regulatory Commission (ERC) in April last year were “midnight deals.”

The House committees on good government and public accountability and energy held a joint hearing yesterday on the alleged “midnight deals” between the ERC and Meralco.

Bayan Muna Rep. Carlos Isagani T. Zarate filed the resolution seeking to look into the PPAs, alleging that those were “midnight deals” and it could be “disadvantageous to the public and may cause power rate hikes.”

However, Ivanna G. Dela Pena, first vice-president of Meralco, told legislators yesterday that the discussions on the PPAs were long-running.

“Meralco’s seven long-term power supply agreements filed before the Energy Regulatory Commission in April 2016 are not midnight deals. Discussions with the power project proponents started as far back as 2012,” said Ms. Dela Pena.

The distribution utility filed its application with the ERC in April 2016 for the approval of the PSAs with two subsidiaries of Meralco Powergen Corp. (MGen) — Redondo Peninsula Energy, Inc., and Atimonan One Energy, Inc.

“These PSAs were executed to ensure least cost of power for customers and to shield customers from price spikes in the WESM (Wholesale Electrcity Spot Market). They represented the least cost among all offers received by Meralco,” she said.

Moreover, Ms. Dela Pena also said that the extension of the deadline to comply with the Competitive Selection Process (CSP) in October 2016 “benefitted not only Meralco but especially electric cooperatives and private distribution utilities.”

“If the deadline for mandatory CSP has not been extended, numerous distribution utilities would have been wholly dependent on the WESM, subjecting them to the vagaries and uncertainties of WESM prices,” said Ms. Dela Pena.

For its part, the ERC said that it has not yet approved the seven PSAs submitted by Meralco.

“The ERC at that time only accepted applications… Acceptance of applications does not mean it has guarantee of approval,” ERC Commissioner Alfredo J. Non told lawmakers.

Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Raynan F. Javil

Roxas Holdings to help clean up river in Negros Occidental

ROXAS HOLDINGS, Inc. (RHI) said it supports the environmental campaign of the local government of Pontevedra, Negros Occidental, with a commitment to help clean up the San Juan River.

“We are glad that the local government understands that we are addressing environmental concerns, and that we are exerting every effort to ensure that human health is not affected,” RHI’s EVP/COO for Ethanol Luis O. Villa-Abrille said in a statement on Tuesday.

The company’s ethanol plant Roxol Bioenergy Corp. makes the rounds of communities and cooperates with the Community Environment and Natural Resources Office to ensure that its operations do not pollute the area.

The ethanol plant has commissioned two 5,000 cubic-meter anaerobic digesters to add to two with 10,000 cubic-meter capacity to improve its wastewater management.

In September, the company voluntarily suspended operations to address allegations from the local government that the bioethanol producer is the source of a foul odor that alarmed nearby communities, an issue which has been resolved.

Shares in Roxas Holdings traded Tuesday at P5.00, up 0.20%.

First Pacific Co. Ltd., majority owner of RHI, partly owns Philippine Long Distance Telephone Co. (PLDT). Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., maintains an interest in BusinessWorld through the Philippine Star Group, to which it controls. — Janina C. Lim

Jollibee loses trademark case against Jolliville

THE Intellectual Property Office of the Philippines (IPOPHIL) has junked Jollibee Foods Corp.’s trademark case against listed property firm Jolliville Holdings, Corp., saying the names of both companies are not “confusingly similar.”

Jollibee_Jolliville
Jollibee Foods Corp. filed a notice of opposition against Jolliville in January 2013, after the latter filed for the registration of its corporate name and logo featuring the word “Jolliville.”

In a statement issued on Tuesday, IPOPHIL Director General Josephine Santiago said they have reversed the 2014 decision of the agency’s Bureau of Legal Affairs (BLA), effectively granting Jolliville’s appeal for the registration of its corporate name.

“The decision of the BLA director [in September 2014] is incorrect and the appeal is meritorious. The appellant’s [Jolliville] mark is not confusingly similar to appellee’s [Jollibee] marks… There is no ground to prohibit the registration of Jolliville in the name of the appellant,” IPOPHIL said in its 11-page decision dated June 8.

The homegrown fastfood giant filed a notice of opposition against Jolliville in January 2013, after the latter filed for the registration of its corporate name and logo featuring the word “Jolliville.”

IPOPHIL’s decision in favor Jollibee in September 2014 then prompted Jolliville to file an appeal.

The property firm explained that its name was derived from the name of the company’s founder, Jolly L. Ting, appended to the suffix “ville” to suggest the nature of its real estate affairs and leasing business. It also presented certificates of registration to the Securities and Exchange Commission, showing that Mr. Ting had been using the “Jolli” prefix in her businesses since the mid-80s.

IPOPHIL further noted that Jollibee failed to present evidence showing its registered trademarks had been damaged or are likely to be damaged by the registration of Jolliville.

“While appellee [Jollibee] was making it big in the food service business, so was Mr. Jolly L. Ting in the night entertainment business,” the decision read.

Mr. Ting is the owner of night entertainment businesses spread out across Metro Manila, namely Pegasus, Discovery, Mega, Heartbeat, and Lexus.

In 1986, Mr. Ting forayed into the real estate business with Jolliville Realty and Development Co. Inc. The corporate regulator then approved the corporate name change in April 1999 to its present name.

Aside from its property business, Jolliville and its subsidiaries are also engaged in local waterworks system, business process outsourcing and power generation.

Shares in Jollibee gained P1.80 or 0.87% to P208 each, while Jolliville stocks accelerated by 2.67% or 16 centavos to close at P6.16 each at the Philippine Stock Exchange on Tuesday. — Arra B. Francia

More townships seen to rise outside Metro Manila

By Arra B. Francia

PROPERTY developers would have to be more strategic in scouting for landbanking opportunities as more companies venture into township developments outside Metro Manila, according to Colliers International.

Ayala-Land-Evo-City
Ayala Land is developing the 250-hectare Evo City project in Cavite. — AYALA LAND

In a report released last week, the property consultancy firm noted how the government’s massive infrastructure program prompted developers to build townships outside Metro Manila to take advantage of their potential to become business hubs in the future.

“Colliers believes that the Duterte administration’s decentralization thrust anchored on the implementation of major public infrastructure projects should entice developers to aggressively pursue integrated communities outside of Metro Manila,” it said in a statement.

For instance, Ayala Land, Inc.’s strategic landbanking has allowed it to launch Ayala Vertis North in Quezon City, the 250-hectare Evo City project in Cavite, and the 25-hectare Azuela Cove in Davao City.

Colliers cited Fairview, San Jose del Monte, Bulacan, Novaliches, and the Commonwealth as areas for potential townships near Quezon City. The provinces of La Union, Pangasinan, Tarlac, Batangas, Naga, Iloilo, Bacolod, Cebu, Davao, and Cagayan de Oro are also seen as strategic locations.

Companies can, however, still look for opportunities inside the metro by either purchasing reclaimed land or buying back properties from previous owners.

Ongoing reclamation projects in the Manila Bay Area include the 148-hectare Manila Solar City — from the Cultural Center of the Philippines to the US embassy, and the 635-hectare Las Piñas- Parañaque Coastal Bay Reclamation Project — located near the Mall of Asia Complex and across the Libertad channel.

Colliers said developers can also consider buying back idle properties from private owners or the government, following the example of Megaworld Corp.’s development of Eastwood City which used to be an idle textile mill, and Rockwell Land Corp.’s transformation of a mothballed power facility into what is now known as Rockwell Center.

“Given the lack of developable land in Metro Manila, we think that some developers should revisit the option of buying back properties that were previously donated to government agencies,” the property consultant said.

Aside from focusing on location, Colliers said developers must also be able to distinguish their projects from others by incorporating features other than the usual office, residential, retail, and hotel components. This can be done by putting up institutions for education and health care.

“Other developers have been more aggressive in “differentiating” their communities by integrating entertainment and recreational facilities for outdoor sports such as football and wakeboarding,” Colliers said.

For instance, Circuit Makati has a skate park, while the Nuvali estate in Cavite has a wakeboarding facility, and Alviera in Pampanga features Sandbox, the country’s first roller coaster zipline.

“The developers’ differentiation strategies are anchored on placemaking or the ‘multifaceted approach to the planning, design and management of public spaces.’ Under this method, developers assess each community’s distinct assets and potential, and eventually build facilities that will maximize those features,” it added.

ABS-CBN, GMA Network both claim TV ratings lead in June

ABS-CBN Corp. and GMA Network, Inc. both claimed the lead in nationwide TV ratings in June, citing data from different research firms.

gmaIn a statement on Tuesday, the Lopez-led media and entertainment giant said it grabbed a 46% audience share in total day national TV viewership in June, 12 points higher than GMA’s 34%, using Kantar Media data.

On the other hand, GMA said it posted a 42.3% average total day people audience share in June, while ABS-CBN recorded 37.6%, based on data from Nielsen TV Audience Measurement.

Kantar Media’s data covered a nationwide panel of 2,610 urban and rural homes, while Nielsen TV’s data covered 900 more homes than the former.

ABS-CBN said its average audience share during the primetime block (6 p.m. to 12 midnight) reached 50% in June, compared to GMA’s 32%. Its audience share for the morning block (6 a.m. to 12 noon) also reached 43% versus GMA’s 31%.

For the noontime block (12 noon to 3 p.m.) and afternoon block (3 p.m. to 6 p.m.), ABS-CBN’s average audience share stood at 43% and 44%, respectively, versus GMA’s 39% and 38%.

Among its top-rating shows in June included FPJ’s Ang Probinsyano, which recorded an average national TV rating of 35.5%, while La Luna Sangre had a national TV rating of 34.1%.

Aside from ABS-CBN, among Kantar Media’s local current subscribers are Peoples Television Network, Inc., Viva Communications, Inc., Solar Entertainment Corporation.

Meanwhile, GMA said its total day people audience share reached 49.2% in urban Luzon, 18 points higher than its rival. Urban Luzon, it said, accounts for 77% of the country’s total urban TV household population.

Based on Nielsen data, GMA said Kapuso Mo, Jessica Soho was the top show in Urban Luzon.

Nielsen’s clients also include 12 local TV networks including TV5, Aksyon TV, CNN Philippines, Net 25, Solar Entertainment Corporation, and Viva Communications, Inc.

ICTSI’s Manila port ready for peak season

AMID its robust performance in the first half, International Container Terminal Services, Inc. (ICTSI) on Tuesday said its flagship operations in Manila is well-prepared for the upcoming peak season.

ictsi
International Container Terminal Services, Inc. adopted the Terminal Appointment Booking System for its Manila port. — BW FILE PHOTO

In a statement, the Razon-led port operator said yard utilization at the Manila International Container Terminal (MICT) stood at 61% in May, still below the 70% ideal percentage.

Also in May, average crane productivity at MICT was around 32 moves an hour. ICTSI said this shows “the terminal’s strong performance despite the uptick in container volume as global trade continues to rebound.”

“Yard utilization at the terminal remains optimal. The mechanisms we developed together with the Philippine government and other stakeholders in 2014 continue to work, resulting in the easing of traffic in Metro Manila despite inadequate trade infrastructure,” Christian R. Gonzalez, ICTSI senior vice-president and head of Asia-Pacific region and MICT, was quoted as saying in a statement.

While global container traffic is slowly recovering, Mr. Gonzalez expressed confidence MICT will be able to handle the expected growth.

“As a matter of fact, Southeast Asia and North America have posted the highest average growth at seven percent during the final quarter of last year. While we remain optimistic that this trend will continue, I am confident that we will be able to keep up with the pace and accommodate the projected increase,” he said.

Last December, MICT hit record volume and productivity with its first two million twenty-foot equivalent units (TEU) move, which triggered the multi-billion peso capacity improvement commitment with the PPA. ICTSI is required to commission five neo-Panamax quay cranes and 12 reach stackers, as well as build two new berths by 2020, which would pave the way for the MICT to service bigger ships.

“We are entering the era of larger ships. We need to adapt and stay competitive by enhancing our capabilities, which is something that we have already started,” said Mr. Gonzalez.

ICTSI expects volume to surge in the second half, as imports start arriving ahead of the Christmas season. Historical data from the Philippine Ports Authority show sustained MICT volume growth since 2015, with productivity and utilization staying healthy.

“Port congestion is a challenge every major and busy port in the world has to contend with. The congestion problem in the Port of Manila in 2014 provided us with the opportunity to further improve our operations at the MICT. We resolved the issue by putting in place new technologies that would not only upgrade the terminal, but would make MICT a sustainable business factoring in the quality of life of our hinterland communities and immediate environs. We’ve engaged all port stakeholders in resolving the issue,” the ICTSI official noted.

ICTSI adopted the Terminal Appointment Booking System (TABS) to address the port congestion in Manila in 2014. Under TABS, trucks arrive at the MICT according to a booked slot schedule, which helped reduce the number of trucks on the road. — Janina C. Lim

Yuchengco’s iPeople on track to hit targets despite lower Q1 profit

THE education arm of the Yuchengco Group of Companies said it remains on track to reach its targets for 2017, amid a 35% drop in consolidated earnings in the first quarter due to the decrease in college freshmen enrolment with the implementation of the K-12 program.

IpeopleIPeople, Inc., which operates Mapua University, said in a statement that its Senior High School (SHS) program could mitigate the effects of the K-12 program on the company’s financial performance.

The listed firm posted earnings of P136 million in the first three months of 2017, lower than the P209 million it delivered in the same period in 2016 following a 15% year-on-year decline in consolidated revenues to P543 million.

“Based on Q1 results, we are on track to meet our 2017 targets. Moving forward, iPeople anticipates a significant boost in returns as it continues to expand its reach and innovate its educational system to remain competitive in the global area,” iPeople President Reynaldo B. Vea was quoted as saying in the statement.

The opening of the SHS program allowed Mapua University and Malayan Colleges Laguna (MCL) to collectively take in 1,985 SHS students in academic year (AY) 2016 to 2017.

For AY 2017 to 2018, the listed firm noted an average 22% increase in SHS Grade 11 enrolment in the two campuses, whereas enrollees in MCL alone increased by 33% to 1,338 students.

IPeople also said that the construction of its P2-billion campus in Davao City remains on schedule. The new school, set to be named Malayan Colleges Mindanao, can accept a minimum of 8,000 students and will start opening its doors to its first batch of freshmen and grade 11 students by June 2018.

Incorporated in 1989, iPeople’s portfolio involves both education and information technology. The latter’s main operating subsidiaries are Malayan Colleges, Inc. (MCI) and the Pan Pacific Computer Center (PPCC).

MCI also has two other wholly owned subsidiaries, the Malayan Colleges Laguna and the Malayan High School of Science. PPCC, on the other hand, provides the IT-related requirements of the Yuchengco Group of Companies, which include hardware, software and IT-related services.

Shares in iPeople slipped by two centavos or 0.16% to close at P12.66 each at the Philippine Stock Exchange on Tuesday. — Arra B. Francia

Uber suffers setback in EU after court backs French law

UBER Technologies, Inc. suffered another setback in the European Union (EU) after an adviser to the bloc’s top court backed a French law that led to sanctions for top managers in the country.

uber
A photo illustration shows the Uber app logo displayed on a mobile phone in central London, Britain on Oct. 28, 2016. — REUTERS

EU nations “may prohibit and punish the illegal exercise of a transport activity such as UberPop without having to notify the” European Commission of the draft law, Maciej Szpunar, an advocate general at the EU Court of Justice, said in a non-binding opinion delivered on Tuesday.

Mr. Szpunar rejected Uber’s claims that the rules were invalid because France didn’t notify the EU in advance about the measures, saying in this case such a notification was “unnecessary.”

The legal wrangling adds to the turmoil at Uber, which last month led to the resignation of Chief Executive Officer Travis Kalanick. Szpunar already dealt a blow to the troubled company’s fight with authorities in May, saying in a separate case that Uber is more than just an app, and should also be categorized as a transport service, regulated in a similar way to regular taxis.

In Tuesday’s case, the EU court is being asked to give guidance on the legality of changes made to a 2014 French law, which Uber says is targeting apps such as UberPop. The controversial service, no longer offered in the country, let unlicensed drivers use their own car to pick up riders for low fees.

The French court asked whether the nation’s failure to flag the rule changes to the EU, a technical requirement for many laws, made it invalid.

Uber in a statement said it will wait for the final ruling “later this year.” — Bloomberg

How PSEi member stocks performed — July 4, 2017

Here’s a quick glance at how PSEi stocks fared on Tuesday, July 4, 2017.

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Find your signature celebrity look with the first fashion subscription box in the Philippines

Being dressed by a celebrity stylist seems like just a wish for most of us, with our lack of funds for luxury brands and our lack of collections. But what if someone could make that wish a reality and with more affordable clothing?

Enter Stylegenie, the brainchild of young entrepreneur and former model Abbie Victorino. Speaking with SparkUp, straight after her yoga class, about one of her two online fashion businesses (she also has a retail business that imports clothes and accessories from different brands while keeping her dayjob as a digital commerce specialist for Voyager Innovations), Ms. Victorino proved that fashionable celebrity‑level ensembles are as approachable as her cheerful personality.

“I was subscribed to a food delivery service when I thought ‘Why isn’t there a similar service for fashion’,” Ms. Victorino told SparkUp at St. Marc’s Cafe, Megamall that holiday Monday afternoon of June 26. “The food delivery subscription solved the problem of where I’ll get my meals for the day. But with everyone living busy lives, why hasn’t there been a similar service for people who are having trouble deciding what to wear?”

“I decided to find the solution to the problem. So I came up with the idea of Stylegenie.” To get started, she approached her friends who supported the idea. Stylegenie was registered and incorporated after two months, and in another two months they had a launching in August 2016.

Stylegenie, the first styling and clothing subscription box in the Philipppines, connects its subscribers to celebrity stylists, among them friends that Ms. Victorino made when she was a model. (“I was modeling since I was seventeen. That was almost 10 years ago,” she said with a laugh, though she isn’t opposed to modeling again.) Subscribers would answer a quick Style Profile quiz in the Stylegenie website, which asks for information such as style preferences, favorite colors, clothes sizes, and body parts that you want to hide or accentuate.

“Aren’t we always fond of taking screenshots and saving images of clothes and styles that we like, and stars wearing clothes that we wished we had?” Ms. Victorino asked. “Our last question asks you to upload a photo of that wish. That’s why it’s called Stylegenie.”

After submitting the online quiz and paying for the style package that you wish to order (which ranges from two to at least ten items of clothing, at the price range of ₱ 899 to ₱ 3,699), a celebrity stylist will come to Stylegenie’s warehouse (“It’s like a walk‑in closet,” Ms. Victorino described) and using your profile, will select clothes for you. You’ll get your order after five to 10 business days, with free delivery for Metro Manila customers.

“The outfit you’ll get is a surprise, from your genie to you,” Ms. Victorino said. “We really want the clothes to be very personalized for our customers.”

But Ms. Victorino’s business doesn’t end in connecting customers to stylists and opening her warehouse for them. She also takes the time to read every style profile that Stylegenie gets, proving that she’s every bit as capable as her #Girlboss icons: Sophia Amoruso of Nasty Gal Vintage, and the fictional Jules Ostin (Anne Hathaway) from the movie The Intern. “I really want to be like them, building a company that promotes fashion and up‑to‑date with the latest e‑commerce trends,” Ms. Victorino said, adding that it’s coincidental that Ms. Amoruso’s biography and the Anne Hathaway movie co‑starring Robert De Niro just happened to be among her list of favorites. “It just matched. I just happened to be in the right place.”

With job interview season about to start, Ms. Victorino said she has read a lot of requests from fresh grads and young women who are just about to enter the workforce looking for advice on how to nail the perfect corporate get‑up for a job interview. “They have this fear that corporate wear will make them look old. But they get really happy and excited when they receive their boxes and see that corporate wear can also be fun,” she said.

Stylegenie’s clientele is mostly made up of millennials and centennials—including young mothers worried about their post‑pregnancy weight gain and women who want to look extra pretty to get revenge on their douchey ex‑boyfriends. Which is why, when asked about the most memorable order that the company has received, Ms. Victorino mentioned a 61 year old lawyer, their oldest client to date. “I had to check her form again, maybe she just wrote her age down wrong,” she recalled. “But she’s really sixty‑one years old. Her problem is that she’s six feet tall and she can’t find pants that would fit her legs. She was happy with the package that she got from Stylegenie.”

To promote her business, Stylegenie uses social media influencers, including model Jennica Sanchez who was a contestant in Season 5 of Asia’s Next Top Model. “She became the face of our business when we were just starting because she really liked the idea behind it,” said Ms. Victorino. “The models that we get as ambassadors and influencers are models that I’ve met when I was younger.” Through their Ambassadress program, interested style bloggers can also earn perks from Stylegenie for helping promote the business. Serious about the businesses, social media campaign, Ms. Victorino said that they have a creative team dedicated to supporting these influencers by helping them come up with posts that can easily be shared via instagram and facebook.

But the clients and staff of Stylegenie aren’t the only ones benefiting from this enterprise. Ms. Victorino also set‑up the business to help her stylist friends have a more sustainable source of income. “Through modeling career, I met these wonderful stylists who are my friends until now. I want to help them because styling, like modeling, it is not a stable (career), unless you’re really working for a show or a channel,” she explained. “Most of the stylists are freelancers who get bookings every now and then. I want to help them find rackets.”

SparkUp asked the style‑savvy entrepreneur on how to find your signature look. “Go to Stylegenie,” she joked. But her serious answer: “Start within you. Get to know yourself and how you want your style to speak for you.”

And for young entrepreneurs, she has this to say: “Look for a thing that you’re passionate about or what you’re really good at and from that, work on how to offer it to somebody. The important thing is to just start. Planning is great, but planning without action is just a plan in the end. Don’t be afraid of failing because you can learn from it. Failing doesn’t mean that you are a failure.”

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