DMCI Mining Corp. expects a recovery in its nickel mining business amid an expected uptick in global prices, the company’s president said.
“The first three quarters of this year have been terrible,” DMCI Mining President Tulsi Das C. Reyes told reporters last week.
“Prices have dropped to about 40% to 50%, but the past 30 days to 45 days, we have seen an uptick in prices, and our lower-grade ore is now marketable.”
The average price of nickel ore declined by 23.7% to %7.94 per pound in the first semester from $10.4 per pound a year ago, according to the Mines and Geosciences Bureau.
For the second quarter, the company reported a net loss of P43 million, a reversal of the P250-million net income reported a year earlier.
It said that this was due to weak market prices, reduced shipments, and costs incurred at its Palawan mine.
The company operates open-pit mines in Palawan and Zambales through its subsidiaries Berong Nickel Corp. and Zambales Diversified Metals Corp. It extracts nickel ore, chromite, and iron laterite.
“It is usually driven by Indonesia… So, a lot of our export is going (there),” he said.
He added that Indonesia has been holding most of its nickel ore resources within the country despite the demand for battery grade processed nickel from China.
Nickle is among the critical minerals used for batteries for renewable energy and electric vehicles. It is also used for stainless steel. Indonesia is among the world’s top producers of nickel, followed by the Philippines.
Mr. Reyes said the company expects to produce 1.4 million tons of nickel ore this year.
If realized, this would be a 17.6% drop from the 1.7 million tons reported in the company’s financial statement for 2023.
Total nickel ore production in the second quarter declined by 37% from 523,000 wet metric tons (WMT) to 328,000 WMT.
For the first half, production declined by 30% from 1.122 million WMT to 782,000 WMT. — Adrian H. Halili
These lady athletes make a dash for the finish line at the Stade de France. — PHOTO BY KAP MACEDA AGUILA
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These lady athletes make a dash for the finish line at the Stade de France. — PHOTO BY KAP MACEDA AGUILA
Para swimmers take to the water at Paris La Défense Arena. — PHOTO BY KAP MACEDA AGUILA
Para judoka action at the Champ de Mars Arena — PHOTO BY KAP MACEDA AGUILA
From left are Jerrold Mangliwan, Chloe San Jose, Carlos Yulo, and Ernie Gawilan at a Toyota Motor Asia reception in Shangri-La Paris. — PHOTO BY KAP MACEDA AGUILA
Toyota Motor Asia President Hao Quoc Tien (fourth from right) joins members of the Philippine delegation composed of media and Toyota Motor Philippines (TMP) officials. From left are Autoindustriya’s Eric Tipan, Top Gear Philippines Editor-in-Chief Dinzo Tabamo, TMP Public Relations Section Head Mixie Flavier, TMP Brand Management Section Head Michelle de Guzman, Manila Bulletin Executive Editor Pinky Colmenares, Carguide.ph Editor-in-Chief and Philippine STAR columnist Ulysses Ang, and the author. — PHOTO BY KAP MACEDA AGUILA
Mr. Yulo poses with his photo at the Toyota House shortly after signing it. — PHOTO BY KAP MACEDA AGUILA
PHOTO BY KAP MACEDA AGUILA
Carlos and Chloe with the author at the Paris La Défense Arena in Nanterre — PHOTO BY KAP MACEDA AGUILA
Para swimmer Ernie Gawilan had a strong showing in Paris, even as he finished sixth. We’ll share his tale next week. — PHOTO BY DINZO TABAMO
Toyota’s ‘Start Your Impossible’ program is about believing in making a positive difference — whoever you are
FROM WHERE we were seated on the stands of the Paris La Défense Arena in Nanterre, the frenzied splashing in the swimming pool — and the quickly moving swimmers making it — were nothing out of the ordinary as far as heart-pounding competitions go. It was the same vibe at the 81,000-person-capacity Stade de France in Saint-Denis. The massive athletics venue was abuzz with excited, noisy fans, and athletes exploded from the starting blocks in a blur as they made for the finish line. The Champ de Mars Arena, where we took in a bit judo action, was no different. Flags of participating countries were waved frenetically as feet stomped on the bleachers to further spur the judokas.
Welcome to the Paris 2024 Paralympic games.
Just because an athlete may be missing a limb or more, or is visually impaired, or intellectually impaired, or shorter in height than the average, does not diminish the quality of their participation in their chosen sport. In fact, it only serves to magnify their greatness, their spirit, their heart.
The water does not discriminate, the judo floor mat does not discriminate, the oval track does not discriminate. The Paralympics, which have ensued following the regular winter and summer editions of the Olympic games since 1988 in Seoul, actually began as a sporting event of British World War II veterans in 1948. By 1960, that number grew to some 400 participants from 23 countries. This year’s spectacle in Paris featured around 4,000 athletes; all masters of what they do. Regardless of where they competed, we gleaned the singular resolve, the focus to win.
“Nakakabilib sila (They’re impressive),” remarked Carlos Yulo to “Velocity” right after we watched the para swimmers. Our very own double-gold-medal winner at the Paris Olympics just a few weeks before, Mr. Yulo’s unprecedented feat in France — in addition to the gymnast’s previous conquests — have already assured his place in Philippine sports history as he boosted our country’s credentials in the most important international sporting spectacle.
Mr. Yulo and his girlfriend Chloe San Jose were guests of Toyota Motor Asia and Toyota Motor Philippines, along with media members from the markets of TMA.
Also in town was Ernie Gawilan, our para swimming contender who has the distinction of being our first-ever gold medalist at the Rio 2016 and Tokyo 2020 Paralympics.
The two Filipinos and nine other athletes from the TMA markets help to enshrine and express the vision and hopes of Toyota for “mobility for all,” not just a funky catchphrase but a real commitment evidenced by what the global company has been doing these past years. For a period spanning 2017 to this year, Toyota is “top partner” of both the International Olympic Committee (IOC) and International Paralympic Committee (IPC) — becoming the official mobility partner of Tokyo 2020, Beijing 2022, and Paris 2024.
An offshoot of this long commitment to the aforementioned global games, Toyota forged its “first-ever global corporate initiative” through “Start Your Impossible” (or SYI) — inspired by Olympic and Paralympic athletes “who are constantly challenging their impossible, carrying the hopes and aspirations of entire nations.” Through SYI, the program supports around 250 athletes from 49 markets — an aggrupation called Global Team Toyota Athletes (GTTA).
Zooming in on Asia, Toyota backs 11 athletes from nine of the region’s 16 markets and emphasizes that this subset of athletes (to which, yes, Messrs. Yulo and Gawilan belong) are not just sports heroes but champions for doing social good as well — thus the term “dual heroes.” “These GTTAs give back to the communities that have shaped their ‘dual hero’ identity, becoming a force for good in both sport and social advocacy,” underscored Toyota. It’s thus about realizing the erstwhile “impossible” in the areas of sports and social causes.
“At Toyota, our vision of ‘Mobility for All’ is the cornerstone of everything we do. As part of this ethos, the SYI initiative is more than a campaign, but a reflection of our dedication in creating a world that is more inclusive, sustainable, and mobile,” said Toyota Motor Asia President Hao Quoc Tien in a welcome letter to Asian delegates of the Paris 2024 Paralympics. “We believe that as long as you can move, anything is possible. We are committed to empower people to challenge themselves, push boundaries, and achieve their own ‘impossible.’”
Speaking to members of the Philippine media, Mr. Tien underscored that TMA really focuses on the “dual hero” aspect of its partnership with select athletes of the region — not just for the mentioned reasons but because he wants a lasting effect long after the competitions have wrapped up. “Sponsoring sports is good, but when the (event) ends, there is no legacy left behind. I want our athletes to leave something behind,” he maintained.
Thus, when TMA went out to select its athletes to partner with, the firm looked at that particular quality. “Ernie, for instance, is known in other countries as well, and he’s a good example of a dual hero,” continued Mr. Tien. Ernie Gawilan loves the ocean and is passionate about looking after it. After all, he professed to have once trained extensively there. Through his partnership with Toyota Motor Philippines, Ernie and other people he inspired made a difference in a big way back in 2019 when a massive cleanup and mangrove planting effort was organized in a coastal community in Davao.
Over 1,900 people comprised of volunteers from the dealership network of TMP, nongovernmental organizations, LGU partners, and 35 coastal communities from across the country planted some 40,000 mangrove propagules and collected 1,200 sacks of waste.
It’s about fostering awareness, added Mr. Tien, but the work and causes need to be sustainable as well. That’s why he is extra proud about Mr. Gawilan and what he espouses. “What he is doing can be scaled,” insisted the TMA head. “If something cannot be sustained or scaled, once you stop, nothing will happen.”
Ernie and TMP are gearing up for another similar activity soon.
Carlos Yulo is also a dual athlete himself — a “champion for orphans and children below the poverty line.” Aside from being the first male athlete in Southeast Asia to bring home a gold medal from the World Artistic Gymnastics Championships in 2019, the gymnast wants to apply himself and give back to the community through feeding programs in partnership with TMP, and is open to the possibility of working with budding gymnasts so that more may follow in his success.
Mr. Tien is proud about these dual heroes and believes that they fit perfectly into Toyota’s overarching message of mobility for all — not just in the literal sense that Toyota is working hard to enable PWDs through various mobility/transportation solutions (more on these next week), but in empowering their spirits and smashing a perceived ceiling on what they can achieve.
Sounds like a plausible, and possible, aspiration — and inspiration — for all of us.
Federal Land received a total of 15 awards and recognitions at PropertyGuru Philippines Property Awards. In photo are (left to right) Customer Service Group Head Kerwin R. Reganit, Sales Group Head Maria Margarita Saenz-Resurreccion, Federal Land President and COO Thomas F. Mirasol, JLL Philippines Head of Property & Asset Management and member of PropertyGuru’s independent panel of judges Philip Mareschal, Urban Planning and Design Group Head Ar. Gilbert M. Berba, and Project Development Group Head Stephen S. Comia.
Elevating Filipino Living Through Strategic Global Partnerships
In a display of real estate excellence, premier real estate developer Federal Land, Inc. has once again set the benchmark for industry excellence at this year’s PropertyGuru Philippines Property Awards.
Last year’s edition of the event saw Federal Land garner an impressive nine awards and accolades including two of the most coveted developer awards, “Best Developer — Luzon” and “Best Mixed-use Developer” as well as recognitions for its highly touted developments such as the Grand Hyatt Manila that won “Best Branded Residential Development;” MITSUKOSHI BGC that earned “Best Retail Development” and “Best Retail Interior Design;” and The Grand Midori Ortigas that bagged “Best Condo Architectural Design” and was Highly Commended for the “Best High-End Condo Development (Metro Manila).”
This year, the developer surpassed that achievement, earning 15 prestigious awards and securing a remarkable list of wins across various categories. Through these accolades, Federal Land continues to reinforce its position as a leader in crafting innovative and thoughtfully designed properties that cater to the evolving needs and aspirations of its residents and the communities it serves.
Federal Land was recognized as the Best Luxury Developer, cementing its status as the country’s top luxury developer. The award showcases its unwavering commitment to creating not just properties but lifestyles that redefine the contemporary Filipino luxury living experience. This developer award was highlighted by multiple wins for Federal Land’s prestige projects.
Renowned for its blend of Japanese efficiency and Filipino warmth, the Seasons Residences was recognized as the Best Luxury Condo Development in Metro Manila. The development highlights its exceptional design, themed amenities, and overall contribution to raising the standard of luxury residential living and delivering a truly authentic Japanese living experience to Filipinos.
The Seasons Residences is the Winner of the “Best Luxury Condo Development” category. Located at its podium is MITSUKOSHI BGC, Winner of the “Best Retail Architecture Design” category. Actual Photo.
MITSUKOSHI BGC’s win for Best Retail Architectural Design solidifies Federal Land’s prowess in creating retail environments that are not only visually stunning but also culturally enriching and commercially successful. The mall features a curated selection of unique retail offerings such as Japanese grocer MITSUKOSHI Fresh, beauty and wellness house MITSUKOSHI Beauty, fashion brands Snidel and Fray I.D., home retailer Nitori, and more.
Riverpark in General Trias, Cavite, is the Winner of the “Best Township Development” and “Best Township Masterplan Design” categories. Artist’s Perspective.
Federal Land’s Riverpark won two awards, receiving both Best Township Development and Best Township Masterplan Design, showcasing Federal Land’s exceptional ability to develop comprehensive multi-use communities that are sustainable, well-integrated, and designed for the future.
Award-Worthy Living: Federal Land’s Standout Developments
The Grand Midori Ortigas received Highly Commended for the “Best CBD Development” category. Artist’s Perspective.
Other Federal Land projects garnered acclaim and recognition. Mi Casa in the Bay Area was Highly Commended for High-End Condo Development in Metro Manila, offering tropical-inspired living for comfortable urban life. The Grand Midori Ortigas received accolades for CBD Development, merging Zen serenity with the bustle of urban living in a major business district. Marco Polo Residences was notable for Branded Residential Development as Cebu’s first branded residence, blending local allure with global hospitality.
Marco Polo Residences in Cebu received Highly Commended for the “Best Branded Residences” category. Artist’s Perspective.
Meanwhile, the developer’s smart value brand, Horizon Land, received Highly Commended Connectivity Condo Development for its unique “isang sakay” concept. Similarly, Horizon Land’s Siena Towers won the Highly Commended Affordable Condo Development award in Metro Manila for providing practical homes in strategic locations.
Siena Towers in Marikina received Highly Commended for the “Best Affordable Condo Development” category. Artist’s Perspective.
“We are honored to be recognized for these awards by our esteemed peers in the industry. These awards reflect the dedication, creativity, and hard work of the entire Federal Land team. We are inspired by this recognition to continue pushing the boundaries of real estate development, ensuring we create spaces that enrich lives and foster communities,” said Federal Land President and COO Thomas F. Mirasol.
Raising the Bar with Partners
The Estate Makati, a joint venture between Federal Land and SMDC, is the Winner of the “Best Condo Development in the Philippines,” “Best Ultra-Luxury Condominium Development,” and Highly Commended for “Best Lifestyle Condominium” categories. Artist’s Perspective.
The success of Federal Land in this year’s PropertyGuru awards was further amplified by the achievements of its projects developed with strategic partners. Collaborating with globally renowned companies, the developer has expanded its portfolio, enhanced the quality and innovation of its developments, and set new standards in the real estate industry.
The Estate Makati received numerous major awards as well. The world-class project by ST 6747 Resources Corp. (STRC), a joint-venture company between Federal Land and SM Development Corp., earned honors such as Highly Commended for Lifestyle Development, Best Ultra-Luxury Development, and Best Condo Development in the Philippines. This rare and illustrious project stands out as the first project in the Philippines to be designed by the world-renowned architectural firm Foster + Partners.
A Breakthrough Partnership Redefining Filipino Living
In just two years in the industry, FNG clinched the Best Breakthrough Developer award. On stage are (from left) Sales Group Head Maria Margarita Saenz-Resurreccion, Metro Development Managers, Inc. CEO and member of the independent panel of judges Luis Enrique T. Mangosing, and FNG Vice Chairman Yusuke Hirano.
Federal Land, Inc.’s new joint-venture company, Federal Land NRE Global, Inc. (FNG), in partnership with Japan’s Nomura Real Estate Development Co., Ltd. (NRE), was also recognized as the Best Breakthrough Developer. NRE is the largest developer in Japan in terms of condominium unit turnover as of 2021 and specializes in urban redevelopment, innovative residential projects, and mixed-use developments that combine Japanese design and ingenuity with sustainable living solutions.
Recently established in 2022 through a remarkable long-term collaboration between these two industry giants, FNG is making waves by bringing Japanese design and innovations to enhance contemporary Filipino living experiences.
Yume at Riverpark being awarded Best Subdivision Development serves as a testament to the vision that FNG has for Yume at Riverpark. In photo are (from left to right) Federal Land President and COO Thomas F. Mirasol, JLL Philippines Head of Property & Asset Management and member of the independent panel of judges Philip Mareschal, and FNG Vice Chairman Yusuke Hirano.
The joint venture’s first project, the premier horizontal residential development of Yume at Riverpark, won Best Subdivision Development. “Yume” means “dream” in Japanese and the project embodies this concept by offering uniquely sublime lifestyle experiences that blend modern Japanese home solutions with serene urban living.
Yume at Riverpark by new joint-venture company Federal Land NRE Global, Inc., Winner of the “Best Subdivision Development” category. Artist’s Perspective.
Located at the heart of General Trias, Cavite, the country’s latest property investment destination, Yume at Riverpark is a haven of Japanese inspiration offering relaxing and rejuvenating features tailored to starting families. Its proximity to major transport infrastructure makes the subdivision development attractive, practical, and, now, award-winning.
Another development by the FNG collaboration includes The Observatory in Mandaluyong City which promises a holistic urban living experience amidst the bustling streets of Metro Manila. FNG’s project, a 4.5-hectare mixed-use development, draws inspiration from the vibrant and bustling Shibuya district in Tokyo, complete with indoor and outdoor luxury amenities.
With The Observatory’s prime location in Mandaluyong City, it has easy access to major roads like EDSA and the BGC-Ortigas Link bridge as well as convenient connectivity to key business districts such as Makati, Bonifacio Global City (BGC), and Ortigas. The joint venture recently broke ground on “Sora Tower,” the first of eight planned residential towers in the new development, with completion and turnover to prospective owners expected by 2030.
With Federal Land’s new collaboration with Japan’s Nomura Real Estate Development, FNG, already being recognized as the Best Breakthrough Developer, the company, its partners, and ventures continue to elevate the standards of Filipino living while contributing to the growth and development of communities across the nation.
The developer’s success at this year’s PropertyGuru Awards highlights the company’s continued commitment to delivering extraordinary experiences by providing its clients with homes, commercial spaces, and integrated communities that are not only thoughtfully designed but also safe, reliable, and accessible to make everyday life more enjoyable.
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ALLIANCE Global Group, Inc. (AGI) plans to open a $300-million boutique-style casino in Boracay by the end of 2025, the listed company’s president said.
“We’re looking to start and open (the casino) by end of next year,” AGI President and Chief Executive Officer Kevin Andrew L. Tan told reporters on the sidelines of the Inside Asian Gaming Summit in Pasay City last week.
He said the casino project “is not going to be very big,” as the company aims to avoid constructing a large structure in Boracay.
“We want it to be appropriate for the island,” he added.
The upcoming casino project, named Boracay World Resorts, will be situated within AGI’s 150-hectare Boracay Newcoast township.
Boracay Newcoast features a 75-hectare golf course, a commercial and retail strip, luxury boutique hotels, and an exclusive residential village.
Aside from the Boracay project, Mr. Tan recently announced a planned casino development in Cebu called the Mactan World Resorts, located within the conglomerate’s 30-hectare The Mactan Newtown township.
He said that AGI will invest at least $400 million for the planned Mactan casino project.
The Mactan Newtown consists of condominiums, office buildings, a hotel, retail shops, and a lifestyle mall.
Mr. Tan said the planned casino developments are the first two domestic expansions of AGI’s travel and leisure subsidiary, Travellers International Hotel Group, Inc., which operates the Newport World Resorts in Pasay City.
AGI also has business interests in spirits manufacturing via Emperador, Inc., property development via Megaworld Corp., and quick service restaurants through Golden Arches Development Corp.
AGI shares were last traded on Sept. 13, closing at P9.03 per share. — Revin Mikhael Ochave
THE WEDDING GOWN of Ofelia Villonco Viola was made by Marina Antonio over 90 years ago. — AITOR ALEGRIA
ALICE PAEZ LORENZO’s wedding dress by Marina Antonio — ANSON YU
One exhibit follows 4 generations of designers in one family
LOVE OF ALL FORMS was present at the opening of the Love Marina exhibit at SM Aura on Sept. 10.
The wedding gowns of society brides like Ana Sobrepena, Lisa Ongpin Periquet, Nita Llamas (grandmother of designer Monique Lhullier), Alice Paez-Lorenzo, Rica Lorenzo, Silvina Clemente-Sevilla, Marissa Hernandez-Yu, and Timmy Roa-Antonio, all made by late fashion designer Marina Antonio were on display, symbolizing love celebrated and preserved through the ages.
Meanwhile, the love for friends and family shone through Ms. Antonio’s family, who organized the exhibit for their grandmother. Family members and old family friends converged to show their love for her legacy and the country: Vicky Veloso Barrera announced that her grandmother, through the Zonta Club, has been nominated as a National Artist.
SHARED VALUES The honor is not foreign to the family: Ms. Antonio herself was married to National Artist for Architecture Pablo Antonio, whose edifices still dot the country. In fact, one of the dresses on exhibit, the one worn by Mrs. Paez-Lorenzo (the wife of basketball player and corporate executive Luis “Moro” Lorenzo, and matriarch of the Lorenzo family and their group of companies), was a collaboration between the spouses. The gown boasts of a trellis held down by pearls. The trellis’ gridwork’s precision is owed to Mr. Antonio’s draughtsmen.
The dress also has the distinction of having been worn three times by different Paez brides. “It just shows that she strove to make each gown as beautiful as possible. So much so that the daughters, the granddaughters, the nieces, want to wear them also,” said Ms. Veloso-Barrera. Mrs. Paez-Lorenzo’s gown isn’t the only one repeated by various brides through their family line, and it’s a nod towards the quality of Ms. Antonio’s gowns that they could be worn more than 20 years after they were made.
Ms. Veloso-Barrera also outlined the qualities that her grandparents shared: “They were very meticulous in their attention to detail. They did not want shortcuts. They did whatever was necessary to complete the job, and to do it well.” She remembers her grandfather arriving in the middle of the night at job sites for impromptu inspections, while her grandmother would stay up at similarly late hours to finish dresses.
Ms. Antonio, born in the early 1900s, started her career in design in the 1930s, working all the way up to the 1990s. In that span of time, many fashion designers have since made their mark, and have been honored: her contemporaries include Ramon Valera and Salvacion “Slim” Lim Higgins, both conferred the National Artist title.
Ms. Veloso-Barrera talked to BusinessWorld about her grandmother’s nomination for National Artist: “I think she deserves it. You know what, if she doesn’t get it, she is still the National Artist Lola of my heart.”
SPECIAL CLIENTS Her late grandmother was no ordinary society woman who just happened to make clothes: she was handpicked by women belonging to families who would change history. There’s Nini Quezon Avancena, leading the pack of daughters and wives of the most powerful men of the nation; then there’s Clare Booth Luce, Pat Nixon, and even Jean MacArthur (General Douglas MacArthur’s wife).
Ms. Barrera explained why those particular women were drawn to her grandmother, despite the wealth of choices in postwar Manila: “These were the women who liked a classic, feminine, dainty line. There were certain women who are very sophisticated, and you want the drama, so you would go to Slim’s, you would go to Valera. But those who wanted soft, feminine, classic, dainty, figure-friendly, would go to Marina.”
ALL IN THE FAMILY Throughout her long lifetime, Ms. Antonio bore witness to four generations of creatives in her family: this would include her daughter, Malu Veloso, also a designer favored by society, granddaughters Vicky and Violeta (“Letlet”), who followed in the same business and with comparable success (the sisters designed the wedding gown of “Megastar” Sharon Cuneta when she married politician Francis Pangilinan); not to mention all the architects and artists among the family. The present generation includes Ms. Veloso-Barrera’s children: Hannah, training to be a fashion designer at De La Salle-College of Saint Benilde, and artist Joshua Carlos Barrera, both of whose works are on display.
We asked Ms. Veloso-Barrera if the names in her family ever weighed over them, throughout their own careers. She answered with a story about her son, putting up a show in one of the city’s art galleries, moving about without his family’s names. Upon discovery of his illustrious relations, he was asked how it felt to “walk in their shadow.” He answered, “I don’t feel like I walk in their shadow. I walk in their light.”
“I’m proud of it. I’m proud of the heritage, the legacy, and everything I’ve loved, and that’s why I want to share it with the world,” said Ms. Veloso-Barrera.
With creative talent flowing through the veins of four generations, one has to wonder if talent is indeed hereditary. “I think it is,” said Ms. Veloso-Barrera. “My daughter was six years old when her great-grandmother died. Where did she get this passion?
“It has to be somewhere in the genes, and at the same time, it is the example that you set.”
The Love Marina exhibit is on view until Sept. 24 at level 3 of SM Aura, BGC, Taguig. — Joseph L. Garcia
From left are: Electric Vehicle Association of the Philippines (EVAP) President Edmund Araga, VinFast Philippines CEO Cao Ngoc ‘Daniel’ Nguyen Duy, Hyundai Motor Philippines Directing Coordinator for Marketing and Product Planning Daihee Park, Nissan Philippines Senior Manager for Communications Department Czarina Blythe Brodit, Department of Energy Energy Utilization Management Bureau (EUMB) Director Patrick Aquino, Diamond Autogroup EV Corp. President Jose Venancio Calimbahin, BYD Cars Philippines Managing Director Bob Palanca, EVAP Chairman Emeritus Ferdi Raquelsantos, and EVAP Chairman Rommel Juan. — PHOTO BY DYLAN AFUANG
The 2024 Philippine Electric Vehicle Summit scheduled from Oct. 24 to 26
By Dylan Afuang
THE 12TH EDITION of the Philippine Electric Vehicle Summit (PEVS) — scheduled from Oct. 24 to 26 at the SMX Convention Center Manila in Pasay City — will, like its earlier iterations, push for the adoption of electric vehicles (EVs) in the country. The exhibition will showcase the latest models from EV makers here, and aims to ramp up EV sales. It also coincides with revised policies for green mobility.
The annual conference is organized by the Electric Vehicle Association of the Philippines (EVAP). Co-presenters of the 12th PEVS are auto marques BYD Philippines; Diamond Autogroup EV Corp. (DongFeng); Hyundai Motor Philippines, Inc.; Nissan Philippines, Inc.; and VinFast Auto Philippines Corp.
“With the theme, ‘Spark Change, Drive Electric,’ (the summit) aims to inspire individuals, businesses, and policy makers to join the movement for a cleaner and more sustainable future in transportation,” the EVAP underscored in a statement. EVAP President Edmund Araga joined, “This summit is a platform to foster a positive perception and behavior toward electric vehicles.”
In a pre-event press conference held weeks ago, executives of local distributors of the aforementioned auto brands announced that their respective marques will hold model launches at the PEVS 2024.
The EVAP also expressed optimism for local EV sales for the remainder of the year, as the first four months of 2024 saw a decline in the sector. Likewise, the Department of Energy (DoE) is preparing incentives and updating a road map for nationwide EV adoption.
The association claimed that 1,072 EVs had been sold as of the end of April, in contrast to the 2,536 recorded in the first quarter of last year. However, the comparable four-month figure was not available as of press time.
EV sales totaled 10,602 units last year, according to the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), while the Land Transportation Office (LTO) estimated that 6,156 units were registered. Mr. Araga clarified that the EVAP has yet to validate the reported figures.
“This year, sales of EVs are expected to further rise, especially from September to December, which are the peak months for EV sales based on historical data,” the group said.
Director at the DoE Energy Utilization Management Bureau Patrick Aquino said in the press conference that the agency is poised to issue an updated Philippine Comprehensive Roadmap on the Electric Vehicle Industry (CREVI) later this month.
According to Mr. Aquino, the CREVI’s Electric Vehicle Incentive Strategy (EVIS) draft would be released in the fourth quarter. This strategy offers incentives to producers of two-, three-wheel, and special-purpose EVs that are affixed onto flexible chasses, such as jeepneys and ambulances.
The official added that the revised CREVI would clarify the required EV share targets between corporate and government fleets, set the guidelines for designated EV parking spaces, and push the installation of charging stations in parking lots and gas stations.
Also sponsoring the 12th PEVS are Britannica United Motors, Inc.; QSJ Motors Philippines, Inc. (Seres); Omoda and Jaecoo Motor Philippines, Inc.; Power Equipment and Supplies, Inc.; and Dangdang New Energy Auto Service Ltd. Corp. (Aion Philippines).
Registration for the event is free and can be completed online at pevsummit.com.
Diverse projects gain top honors at 12th PropertyGuru Philippines Property Awards
By Mhicole A. Moral
Special Features and Content Writer
Top developers in the Philippines gathered at Shangri-La The Fort, Manila for the 12th PropertyGuru Philippines Property Awards on Sept. 6 to celebrate excellence in real estate developments, designs, and environmental, social, and governance (ESG) practices.
Organized by the PropertyGuru Group, the event presents recognitions across more than 80 award categories. Winning projects varied from upscale condos to affordable housing, catering to diverse market demands in the country.
For three consecutive years, Robinsons Land Corp. (RLC) clinched the title of Best Developer (Philippines) and also received Best Developer (Luzon). RLC’s dominance extended beyond these awards as the company also secured top honors across its office and residential projects.
In an interview, Chad B. Sotelo, senior vice-president and general manager of RLC Residences, and chief marketing officer of Robinsons Land, said, “Winning ‘Developer of the Year’ is already a huge achievement. Winning it two years in a row last year was amazing. But, winning it three times this year, I still can’t believe it. This is also a way to acknowledge our hard work.”
“It gets tougher every year, which is great because the industry is really stepping up,” he continued. “The designs are a lot better, and the technology and features in mixed-use developments are a lot greater. When that kind of improvement and innovation happens in an industry, the Filipino consumer wins by getting better and better options.”
RLC Residences, the residential division of RLC, earned accolades for The Residences at The Westin Manila, receiving awards for Best Branded Residential Development, Best Wellness Residential Development, and Best Lifestyle Condo Development.
Mr. Sotelo mentioned that the success of The Residences at The Westin Manila adds to the driving force behind their continuous enhancement of their developments.
“In RLC Residences, we don’t [just] sell condominiums or house-and-lots. We sell a delightful homeowner experience, from the moment you search for a home to the time you live in the home,” he added. “We will continue to deepen our understanding of the Filipino customers, wherever they may be, and tailor-fit our offerings to their unmet needs.”
Robinsons Office, RLC’s office development arm, was recognized for the Best Office Architectural Design and Best Office Interior Design for their GBF Center 1. Additionally, Cybergate Iloilo Tower 3 won Best BPO Office Development, and work.able Robinsons Summit Center received the award for Best Co-Working Space.
According to Jericho P. Go, senior vice-president and general manager of Robinsons Offices, the role of the company is more than just a real estate development; it is creating jobs, improving lives, and fostering a sense of community.
He continued, “We have set goals, and we are highly motivated by our higher purpose, which aligns with the core values of the Gokongwei Group. In the end, all achievements, honors, and recognition may amount to nothing if we cannot create a better and brighter tomorrow for future generations.”
Meanwhile, Megaworld Corp. emerged as the most awarded company of the year, winning titles in several categories: Best Developer (Visayas), Best Mixed-Use Developer, Best Hospitality Developer, Sustainable Design Award, and Energy Efficiency Award.
Megaworld’s Maple Grove Park Village won Best Housing Development (Philippines). Other award-winning projects included Chelsea Parkplace, Firenze Residences, Grand Westside Hotel, International Finance Center, La Cassia Residences, Uptown Mall, The Upper East House, and Vion Tower. Megaworld’s subsidiary, Global-Estate Resorts, Inc. (GERI), also won for The Lindgren.
The company also excelled in all portfolio categories, winning awards for Megaworld Hotels and Resorts, Megaworld Lifestyle Malls, and Megaworld Premier Offices. GERI clinched the Best Lifestyle Developer award.
SM Development Corp. (SMDC) and Federal Land, Inc. received top accolades for The Estate Makati, winning Best Condo Development (Philippines) and Best Ultra Luxury Condo Development (Metro Manila).
SMDC earned awards for Best Housing Development (Luzon) for SMDC Cheerful Homes 2 and Best Affordable Economic Housing Development (Luzon) for Sunnyvale 2.
SM Offices under SM Prime secured the Best Office Development award for FourE-com Center.
Alexis L. Ortiga, vice-president for Commercial Properties Group of SM Prime Holdings and Business Unit Head of SM Office said, “This award really is a testament to SM Prime’s commitment to develop innovative, sustainable, and convenient workspaces nationwide. The award really inspires us to push forward with that goal in mind.”
Premier real estate developer Federal Land was honored as the Best Luxury Developer. Its Riverpark township in Cavite earned the titles of Best Township Development and Best Township Masterplan Design. Additionally, horizontal residential neighborhood Yume at Riverpark was awarded the title of Best Sub Division Development.
Federal Land NRE Global, Inc. (FNG), the joint venture between Federal Land and Japan’s Nomura Real Estate Development Co. Ltd., was named Best Breakthrough Developer, solidifying its place as a rising force in the industry.
Success is credited to the combined dedication, vision, and hard work of their teams, and these awards serve as motivation to continue pushing the boundaries of real estate development.
“These awards reflect the dedication, vision, and hard work of our teams. We are inspired by this recognition to continue pushing the boundaries of real estate development, ensuring we create spaces that enrich lives and foster communities,” said Federal Land and FNG in correspondence.
Looking forward, Federal Land is expanding its portfolio to reach new emerging markets and locations outside Metro Manila. FNG, on the other hand, remains focused on driving innovation in real estate, integrating Japanese ingenuity with Filipino sensibility to enhance residents’ quality of life.
Furthermore, Cebu Landmasters, Inc. dominated the Visayas and Mindanao regions, winning Best Developer (Mindanao), Best Affordable Condo Development (Metro Cebu) for Mirani Steps Danao, Best Housing Development (Visayas) for Velmiro Greens Bohol, and Best Co-Living Space for lyf Cebu City. The developer also received the Best Affordable Condo Architectural Design for Casa Mira Towers Guadalupe.
Ayala Land, Inc., renowned for its sustainable initiatives, made a strong return this year by securing Best Sustainable Developer and Best CBD Development for Ayala Triangle Gardens Tower 2.
Alveo Land, a subsidiary of Ayala Land, won the Social Impact Award. The developer also received Best High-End Condo Development (Metro Manila) and Best High-End Condo Development (Metro Cebu) for Viento at Cerca and Cerule at Solinea, respectively.
Aboitiz InfraCapital earned the title of Best Industrial Developer for its flagship LIMA Estate, while Torre Lorenzo Development Corp. was named Best Boutique Developer, supported by its projects Dusit Thani Lubi Plantation Resort and Torre Lorenzo Loyola.
ISOC Land also achieved a remarkable feat by clinching the Best Affordable Condo Development (Metro Manila) and the Best Eco-Friendly Condo Development for I-Land Residences Sucat by I-Land, Inc.
“Last year, we [also] won the Best Affordable Condo, so [it is] a back-to-back [feat]. But what makes it even more special is us winning the Best Eco-Friendly Condo Development, because that’s really the thrust of ISOC Land,” said Mary Maylanie V. Lopez, president of ISOC Land. “We make sure that we try to raise the bar in terms of creating innovative projects that are sustainable and catering to the needs of more and more Filipino families.”
Moreover, this year’s ceremony was marked by the strong debut of competitors and a wide array of innovative developments that reflect the evolving landscape of the Philippine real estate.
One of the first-time contenders is Science Park of the Philippines, Inc., which received the Best Industrial Development award for its Light Industry & Science Park IV (LISP IV) project in Batangas. LISP IV is one of the newest and fastest growing private economic zones, featuring a LEED Gold-certified administration building designed to withstand severe flooding for centuries.
Other developers competing for the first-time include Landco Pacific Corp., which won the Best Waterfront Condo Development and Best Condo Architectural Design for The Residences at Terrazas de Punta Fuego and The Spinnaker, respectively, and Bluerise Holdings Ent. Corp., which bagged the Best Housing Architectural Design for Alexa Heights.
Primehomes Real Estate Development, Inc. secured two notable awards, namely Best Smart Home Development and Best Nature Integrated Development for Primehomes Capitol Hills; while Primehomes Development Corp. won Best Housing Development (Metro Cebu) for Luana Dos Subdivision.
Making its debut in the awards, Brittany Hotels (Daang Hari), Inc. received the Best Boutique Hospitality Developer, Best Boutique Hotel Development, and Best Hotel Interior Design for Brittany Hotel Villar City. Hausland Development Corp. secured the Best Housing Developer award, with its project, The Hauslands Mabalacat, receiving additional recognition.
Fiesta Communities, Inc. celebrated its first win with the Best Socialized Housing Development award for Fiesta Communities — San Rafael Extension.
Meanwhile, PH1 World Developers won several awards: Best Condo Interior Design for Modan Lofts Ortigas Hills, Best Mid-End Condo Development (Metro Manila) for My Enso Lofts, Best Housing Development (Greater Metro Manila) and Best Eco-Friendly Housing Development for Northscapes San Jose Del Monte, while PrimaryHomes, Inc. received the Sustainable Construction Award.
In addition, Alsons Development and Investment Corp. (Alsons Dev) was recognized for its projects in the southern island. Narra Park Residences and Narra Park Residences Avia garnered the Best Housing Development (Metro Davao) and Best Housing Development (Mindanao), respectively.
“Alsons Dev is honored to once again be recognized at the PropertyGuru Philippines Property Awards. These back-to-back wins affirm our dedication to building exceptional homes that enrich the lives of Mindanaoans,” Miguel Dominguez, president and CEO of Alsons Development, said in another e-mail.
PhilSTAR Media Group and BusinessWorld Executive Vice-President Lucien C. Dy Tioco (middle) presented the “Stars of the Night” award.
With over 60 years of experience, Alsons Dev has solidified its reputation for its long-term value, ensuring that their developments contribute positively to both individual homeowners and the broader communities in the region.
“As consumer preferences evolve and resources become more finite, developers must prioritize creating well-designed, sustainable spaces that offer a sense of belonging and enhance the quality of life,” said the developer. “Alsons Dev is committed to shaping the future of Mindanao by developing nature-integrated communities. We will continue to adapt our approach to meet the changing needs of our market, ensuring that our projects not only provide exceptional living experiences but also contribute to the region’s sustainable growth.”
Other notable winners include Parqal by D.M. Wenceslao and Associates, Inc. for Best Mixed-Use Development; The Seasons Residences and Mitsukoshi BGC by Sunshine Fort North Bonifacio Realty Development Corp. for Best Luxury Condo Development (Metro Manila) and Best Retail Architectural Design, respectively; 110 Benavidez by Keyland Corp. for Best Serviced Apartment Development; and 202 Peaklane and Copeton Baysuites by Anchor Land Holdings, Inc. for Best Condo Development (Metro Davao) and Best Investment Condo Development, respectively.
Recognizing prominent figures in real estate
The awarding ceremony not only celebrated innovative projects but also honored influential personalities in the Philippine real estate sector.
Manuel V. Pangilinan, chairman and chief executive officer of Metro Pacific Investments Corp., received the coveted Philippines Real Estate Personality of the Year award for his significant contributions to the industry.
In his acceptance speech, Mr. Pangilinan expressed his gratitude, stating that real estate is more than just bricks and mortar — it is about the vision of creating spaces for people to live, work, and thrive.
“Throughout my career, whether in telecommunications, infrastructure, hospitals, or energy, my goal is to drive progress and build a better future for our people. This award reflects the collective efforts of the entire Landco team, our partners, and the communities we serve,” said Mr. Pangilinan. “This award is not a final accolade but a reminder that more work remains, more communities to build, and more lives to touch,” he added.
On the other hand, Mariana Beatriz Zobel de Ayala, senior vice-president and head of Leasing and Hospitality at Ayala Land, Inc., was named the Rising Star for her leadership and innovation in the real estate market.
A year of growth and innovation
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, noted that this year’s entries reflected the rapid growth of the Philippine economy.
“The Philippines’ most vibrant cities continue to progress with more live-work-play communities, luxurious residential enclaves, and smart suburban developments,” she said.
Cyndy Tan Jarabata, chairperson of the independent panel of judges
Cyndy Tan Jarabata, chairperson of the independent panel of judges, emphasized the increased participation of developers, which highlights their commitment to setting new benchmarks for quality.
“This year, the independent panel of judges saw a remarkable level of participation from developers across the Philippines, underlining their pursuit of excellence, independent validation, and market differentiation. Such engagement highlights the drive of Filipino developers to set new benchmarks for quality in one of Southeast Asia’s most rapidly expanding economies,” she added.
This year’s PropertyGuru Philippines Property Awards is maintained by an independent panel of judges comprising of industry leaders: Ms. Jarabata, president of TAJARA Leisure & Hospitality Group Inc.; Carlo Cordaro, president and CEO of Atelier A; Carlo Rufino, co-managing director of NEO; Jaime A. Cura, Ph.D., vice-chairman of The RGV Group of Companies; Jean Jacquelyn Nathania A. de Castro, CEO of ESCA, Inc.; Kathleen P. Obcemea, principal interior designer of KPO Beyond Designs Co.; Luis Enrique T. Mangosing, CEO of Metro Development Managers, Inc. (MDMI); Michelle Barretto, founder and CEO of Vitamin B, Inc.; Philip Mareschal, head of property and asset management at JLL Philippines; and Richard Raymundo, managing director of Colliers Philippines.
The integrity and fairness of the selection process were ensured by auditing firm Diaz Murillo Dalupan and Company — HLB Philippines, part of the award-winning global network HLB International. The firm was represented in the awards by Ofelia S. Barroga, Lloyd T. Tan, Margaux Zarah Casihan, and Remedios Ducay.
Top winners from the Philippines will advance to the 19th PropertyGuru Asia Property Awards Grand Final in Bangkok, Thailand, where they will compete for international awards on Dec. 13.
Organized by PropertyGuru Group, the 12th PropertyGuru Philippines Property Awards was supported by platinum sponsor Kohler; gold sponsor Boysen Paints; silver sponsor Dongpeng Ceramic; official publicity partner Ripple8; official newspaper The Philippine STAR; official magazine Property Report by PropertyGuru; and official supervisor HLB. BusinessWorld is one of the media partners.
From L-R: Alsons Dev Asst. VP for Business Development & Management Jolla Soriaga, President & CEO Miguel Dominguez, Director Marco Alcantara, and Asst. Gen. Manager for Sales & Marketing Jessa Mae Sisi received Alsons Dev’s awards presented by Atelier A President & CEO Carlo Cordaro (center) at the 12th PropertyGuru Philippines Property Awards.
Davao’s premier property developer, Alsons Development and Investment Corp. (Alsons Dev), proudly announces its win of two major titles and two Highly Commended awards at the 12th PropertyGuru Philippines Property Awards held on Sept. 6 at Shangri-La The Fort Manila, Taguig City.
Narra Park Residences was named the Winner for Best Housing Development (Metro Davao), while Narra Park Residences Avia took home the title for Best Housing Development (Mindanao). Additionally, Northtown Residences received a Highly Commended distinction for Best Subdivision Development, and Avia Estate was Highly Commended in the Best Mixed-Use Development category.
These recognitions, awarded by the prestigious real estate award-giving body PropertyGuru Philippines, in partnership with global brand Kohler, highlight the company’s ability to excel across a diverse range of real estate developments while maintaining high standards of excellence.
Miguel Dominguez, President and CEO of Alsons Dev, delivers his acceptance speech, acknowledging the team’s efforts in securing these awards.
“We are incredibly proud to be recognized by the esteemed PropertyGuru Philippines. These accolades are a testament to the dedication and hard work of our entire team, consistently striving to deliver exceptional communities,” said Miguel A. Dominguez, President and Chief Executive Officer of Alsons Dev.
A look at the winning developments
With over 60 years of experience in Davao City, Alsons Dev has established itself as the city’s premier residential real estate developer. Through the recent expansion of its offerings to include mid-cost housing under its Nurtura Land & Home brand, Alsons Dev is able to serve a broader market. This move has proven successful with the twin wins of its housing projects.
Narra Park Residences, adjudged the Best Housing Development (Metro Davao) for two years in a row, offers Modern Asian-inspired homes that harmonize with expansive parks and family-friendly amenities designed to enhance the residents’ quality of life.
Narra Park Residences Avia, which won Best Housing Development (Mindanao), offers the same award-winning features to families in the SOCCSKSARGEN Region. Located in Alabel, Sarangani, it is nestled within Avia Estate, a mixed-use development that integrates prime residential communities, first-class leisure amenities, wide retail and commercial offerings, reputable educational institutions, and government support facilities in one address. Being the first township in the SOX region, Avia Estate was Highly Commended in the Best Mixed-Use Development category.
Meanwhile, Northtown Residences was once again Highly Commended as the Best Subdivision Development for two consecutive years. Located within Northtown, Alsons Dev’s premier suburban township, this upscale residential community is part of a master-planned development that seamlessly integrates residential and commercial spaces.
Continuing the commitment to excellence
Alsons Dev representatives pose for a photo after accepting four prestigious awards at this year’s PropertyGuru Philippines Property Awards, including Best Housing Development (Metro Davao) and Best Housing Development (Mindanao).
Alsons Dev’s multiple wins reinforce the company’s leadership in Mindanao’s real estate sector and its vision of sustainable, people-centric developments. As the company moves forward, it remains focused on driving future innovations that will continue to uplift the standard of living in Mindanao.
“Our goal has always been to create lasting communities that respond to the evolving needs of the market,” Dominguez added. “These awards are a clear validation of our efforts, and we will use this momentum to further push the boundaries of what we can achieve in the real estate industry.”
For more information about Alsons Dev and its projects, visit https://alsonsdev.com.
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Ayala Corporation is once again the highest-ranked Philippine company in the TIME World’s Best Companies 2024 list.
The World’s Best Companies 2024 ranking is a comprehensive analysis conducted to identify the top-performing companies across the globe. This distinction is presented by TIME and Statista, the world-leading statistics portal and industry ranking provider.
According to Statista, companies that made the list were judged based on three primary dimensions: employee satisfaction, revenue growth, and sustainability.
Employee satisfaction surveys were conducted in over 50 countries, with data collected from approximately 170,000 participants. The evaluation encompassed direct and indirect recommendations of companies as well as evaluations from employers across the dimensions of image, atmosphere, working conditions, salary, and equality by verified employees.
Only companies generating a revenue of at least $100 million in 2023 and demonstrating positive revenue growth from 2021 to 2023 were considered in the ranking. The ESG data of the companies were also evaluated among standardized KPIs from Statista’s ESG Database and targeted data research.
“In our 190th anniversary year, we are grateful to be recognized for quality, and are delighted that this is the second year in a row to have achieved such recognition. If we continue to build businesses that enable people to thrive, we’ll continue to be among the world’s leading companies,” said Cezar Consing, President & CEO of Ayala Corporation.
Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.
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SEMIRARA Mining and Power Corp. (SMPC) expects higher earnings for the second half of its subsidiary SEM-Calaca Power Corp. (SCPC) this year due to enhanced plant efficiency and stable coal prices, according to its chief operating officer.
“We’re looking at better income,” SMPC President and Chief Operating Officer Maria Cristina C. Gotianun told reporters last week.
She said the SCPC Unit 2 in Batangas started running at 300 megawatts (MW) in May after its 77-day maintenance outage.
However, there are still a few planned outages in other power plant units, which the company has to conduct every year, she said.
She also said that SCPC’s income is expected to be “better than the first half,” as the restoration of SCPC Unit 2 is anticipated to offset the outages of other units.
Additionally, she is hopeful for improved electricity prices at the Wholesale Electricity Spot Market (WESM), the trading floor for electricity.
“It really depends on the WESM prices, so let us see how it will compensate,” she said.
SCPC and Southwest Luzon Power Generation Corp. generate baseload power for the national grid. Both supply electricity through bilateral contract quantity and WESM.
Ms. Gotianun said that the coal business usually contributes largely to the company’s income compared to the power segment.
“Coal price has stabilized,” she said.
For the second quarter, SMPC reported a 41% decline in its second-quarter income to P6 billion from P10.2 billion previously due to weak coal and electricity prices.
This brought the company’s earnings for the first half to P12.6 billion, lower by 34% from last year’s P19.2 billion. — Sheldeen Joy Talavera
From left are Bosch APAC Head of Workshop Concepts and Services LV Yihai, Bosch Mobility Aftermarket-ASEAN Regional Vice-President Marcio Coelho, Bosch Car Services Philippines General Manager Geronimo Campilan, ACMobility Head of Auto Retail and Distribution Antonio ‘Toti’ Zara III, Bosch Philippines President and Managing Director Paulo Duarte, and AABSI CFO Vanessa Joy Sarmiento. — PHOTO FROM BOSCH CAR SERVICE
ACMOBILITY, the master franchisor of Bosch Car Service (BCS) in the Philippines, recently announced the grand opening of its flagship service center in the country. Located in Bacoor, Cavite, the facility marks the beginning of BCS’s expansion plans in the Philippines. It targets an initial 20 branches within the first year of its operations and a total of 84 branches by 2030.
“This state-of-the-art facility is a testament to our commitment to delivering world-class service with a five-star experience,” said BCS Philippines General Manager Geronimo Campilan. “Focusing on innovation, genuine parts, and sustainability, we strive to exceed customer expectations by making top-tier service both accessible and affordable for all, while expanding our reach to deliver exceptional support nationwide.”
Just a 15-minute drive from key exits of Cavitex Coastal Toll, MCX Daang-Hari, and other major routes, Bosch Car Service Bacoor “offers easy access for customers from various parts of Cavite and nearby cities. The service center also features ample parking space and is close to malls, major establishments, and ACMobility car dealerships.”
Rising on a 1,145-sq.m. lot, it features seven dedicated work bays with vehicle lifters capable of handling up to four tons, ensuring efficient service delivery. The workshop is equipped with advanced tools, including a 3D-computerized laser wheel alignment machine, tire changer, computerized wheel balancer, and Bosch diagnostic equipment. BSC Philippines said it “provides comprehensive bumper-to-bumper services, including advanced diagnostics, preventive maintenance for gasoline and diesel engines, suspension and steering repairs, climate control, engine cooling, transmission services, tire services, and Bosch accessories upgrades.” Customers will also get free one-year 24/7 roadside assistance after availing of any PMS care packages or services worth P3,000 and up, extended warranty packages for vehicles up to 10 years old, and the use of genuine Bosch parts.
BCS aims to become the leading independent automotive workshop by integrating NEV (new energy vehicle) services and expanding into Visayas and Mindanao by 2029. The recent opening of Bosch Car Service Bacoor is the first milestone in this plan, showcasing BCS’s “commitment to excellence and top-tier service,” backed by its partnership with ACMobility.
“Opening the Bacoor flagship center is more than just an expansion — it’s a reaffirmation of our long-standing collaboration with Bosch. We are committed to growing this partnership, ensuring that Filipino motorists receive unparalleled service backed by Bosch’s legacy of innovation and quality. As we continue to broaden our reach, our focus remains on delivering excellence across all levels of the Filipinos’ mobility experience,” maintained ACMobility Head of Auto Retail and Distribution Antonio “Toti” Zara III.
Bosch Car Service Bacoor is located at #4562 Bacoor Blvd., Brgy. Bayanan, Bacoor, Cavite, and is open from 8 a.m. to 5 p.m. Mondays to Saturdays.
JAPANESE retailer AEON Retail Co., Ltd. plans to expand its product sourcing from the Philippines to include coconut products, avocados, chocolates, and pili nuts, according to the Trade department.
In a statement, the Department of Trade and Industry (DTI) said that it met with AEON Retail on Sept. 12 to discuss the firm’s product sourcing expansion and potential investments in the Philippines.
“AEON engages in trade relationships with Philippine suppliers, primarily importing bananas and pineapples,” the department said over the weekend.
“Building on this, AEON Retail Co. seeks to expand its sourcing to include other food products, such as coconut and its by-products, avocados, chocolates, and pili nuts,” it added.
In addition to food products, the DTI said that the Japanese firm is also interested in sourcing Tatak Pinoy and OTOP (One Town, One Product)-compliant items for its retail stores.
“The DTI is committed to facilitating AEON’s sourcing activities and ensuring that Philippine products meet the high-quality import standards of Japan,” the department said.
“Both parties also discussed potential collaboration in trade shows and exhibitions, further strengthening the trade ties between the two nations,” it added.
In a separate release, the DTI stated that Acting Secretary Cristina Aldeguer-Roque also met with officials from MinebeaMitsumi, Inc., who expressed their commitment to further invest in the Philippine semiconductor sector.
“MinebeaMitsumi’s recent approval for a Global South Subsidy from the Japanese government for their semiconductor facility expansion in Cebu underscores their confidence in the Philippines’ potential in this industry,” the DTI said. — Justine Irish D. Tabile
For three consecutive years, Robinsons Land Corp. (RLC) clinched the title of Best Developer (Philippines) and also received Best Developer (Luzon). RLC’s dominance extended beyond these awards as the company also secured top honors across its office and residential projects.
RLC Residences, the residential division of RLC, earned accolades for The Residences at The Westin Manila, receiving awards for Best Branded Residential Development, Best Wellness Residential Development, and Best Lifestyle Condo Development.
Meanwhile, Megaworld Corp. emerged as the most awarded company of the year, winning titles in several categories: Best Developer (Visayas), Best Mixed-Use Developer, Best Hospitality Developer, Sustainable Design Award, and Energy Efficiency Award.
Success is credited to the combined dedication, vision, and hard work of their teams, and these awards serve as motivation to continue pushing the boundaries of real estate development.
“Last year, we [also] won the Best Affordable Condo, so [it is] a back-to-back [feat]. But what makes it even more special is us winning the Best Eco-Friendly Condo Development, because that’s really the thrust of ISOC Land,” said Mary Maylanie V. Lopez, president of ISOC Land. “We make sure that we try to raise the bar in terms of creating innovative projects that are sustainable and catering to the needs of more and more Filipino families.”
Making its debut in the awards, Brittany Hotels (Daang Hari), Inc. received the Best Boutique Hospitality Developer, Best Boutique Hotel Development, and Best Hotel Interior Design for Brittany Hotel Villar City. Hausland Development Corp. secured the Best Housing Developer award, with its project, The Hauslands Mabalacat, receiving additional recognition.
The awarding ceremony not only celebrated innovative projects but also honored influential personalities in the Philippine real estate sector.
Top winners from the Philippines will advance to the 19th PropertyGuru Asia Property Awards Grand Final in Bangkok, Thailand, where they will compete for international awards on Dec. 13.
Organized by PropertyGuru Group, the 12th PropertyGuru Philippines Property Awards was supported by platinum sponsor Kohler; gold sponsor Boysen Paints; silver sponsor Dongpeng Ceramic; official publicity partner Ripple8; official newspaper The Philippine STAR; official magazine Property Report by PropertyGuru; and official supervisor HLB. BusinessWorld is one of the media partners.
