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Web3 conference, tournaments to highlight YGG Play Summit 2024

YGG Pilipinas Country Head Mench Dizon

Yield Guild Games (YGG), the world’s first and biggest Web3 gaming guild, has given a preview of what to expect in this year’s YGG Play Summit 2024 at a press conference held in Bonifacio Global City, Taguig.

The play summit is an avenue for gamers and developers around the world to explore the newest developments in blockchain gaming, interact with the leading figures of the industry, and learn tips from pro Web3 gamers.

“The Philippines is known as the beating heart of Web3 games and the YGG Play Summit is the biggest Web3 gaming event, bringing together game founders, developers, creators, and players; and we’re very, very proud of that. We are expecting over 10,000 people over a full week at the YGG Play Summit,” YGG Pilipinas Country Head Mench Dizon said.

One of the more notable events in this year’s YGG Play Summit will be “Industry Day,” a conference with more than 50 Web3 builders and thought leaders. Notable speakers include YGG Co-Founders Gabby Dizon and Beryl Li, Head of Base Jesse Pollak, Wildcard (and previously, Words With Friends) Co-Founder Paul Bettner, and Pixels Co-Founder Luke Barwikowski with CMO Heidi Christine.

As announced earlier this year, an e-sports tournament in collaboration with Parallel Trading Card Game will also take place at the summit with 16 of the world’s best Parallel players battling it out for a cash prize of $100,000.

Finalists from a two-division Game Jam hackathon organized by Web3 Metaversity will be presenting their ideas on modding, social games, digital assets, and on-chain game logic during the summit as well. The event will have a P500,000 prize pool distributed among winners.

Other competitive events are for the games Arena of Faith (AOF), Anichess, and Indus, each with a $10,000 prize pool, and a cosplay competition with a P130,000 prize pool.

Red carpet events are also lined up throughout the summit including the prestigious GAM3 Awards ceremony which will be held in the Philippines and in-person for the first time as well as the invite-only red carpet premiere of the Metaverse Filipino Worker 5-part video series at the SM Aura Premier Cinema.

The YGG Play Summit 2024 will be held on Nov. 19-23, at the SMX Convention, SM Aura BGC Taguig, Metro Manila, Philippines. Tickets for the event are available at the YGG Play Summit website, with an early bird discount running until Nov. 1. — Jomarc Angelo M. Corpuz

Lufthansa Technik Philippines unveils top AI Innovators in global aviation MRO challenge

LTP judges with Inspekly’s Steven Lam (sixth from left)

Lufthansa Technik Philippines (LTP) concluded its LTP Startup Challenge 2024, spotlighting groundbreaking artificial intelligence (AI) solutions for the aviation maintenance, repair, and overhaul (MRO) industry.

The event, held at LTP facility last Oct. 28, saw eight finalists from around the world competing to revolutionize aircraft maintenance through AI.

The LTP Startup Challenge, now in its third year, aims to address critical inefficiencies in aviation MRO. With the global aviation MRO market projected to reach $55.6 billion by 2026, the need for innovative solutions to enhance safety, reduce downtime, and improve operational efficiency has never been more pressing.

“Today’s aircraft generate terabytes of data, but the industry still largely relies on manual processes,” said Stefan Yordanov, vice-president for finance and strategy at LTP. “Our challenge seeks to bridge this gap, leveraging AI to transform raw data into actionable insights that can predict maintenance needs, optimize inventory, and ultimately keep planes flying safely and efficiently.”

The LTP Startup Challenge 2024 builds on the success of its 2022 predecessor, which led to the implementation of several innovative solutions in LTP’s operations. This year’s focus on AI aims to push the boundaries even further, cementing LTP’s position as a pioneer in aviation MRO innovation.

LTP judges with Philippe Saada of AIRINT SERVICES (sixth from left)

The finalists, selected from more than 80 applicants worldwide, presented solutions ranging from AI-powered predictive maintenance algorithms to computer vision systems for aircraft inspection.

AIRINT SERVICES from France offers digital maintenance solutions for airlines and MROs. Amygda from United Kingdom pitches AI and generative AI for transforming aircraft maintenance. AR Engineering from United Arab Emirates focuses on interactive 3D AR applications for technical manuals. HRForecast from Germany specializes in AI-driven workforce planning and skills management. Inspekly from Singapore is working on remote management of maintenance tasks using digital twins and AR. MotionsCloud from Germany develops AI computer vision-powered damage inspections and assessments. OBUU TECH from Spain is developing AI software for MRO logistics and visual inspections. Pzartech Ltd. from Israel is creating computer vision-based tools for MRO, including OCR for inventory management.

After intense deliberation, Inspekly, AR Engineering, and AIRINT SERVICES emerged as the top innovators. They will be invited to LTP headquarters for potential collaboration.

“The caliber of innovations we’ve seen is truly exciting. [It’s] amazing to see how these startups are reimagining the future of aviation maintenance from the ground up, incorporating the power of AI,” Archie Moberly, program Manager at Seedstars, commented.

The winners expressed their excitement about the collaboration ahead. Steven Lam of Inspekly remarked on the potential of their digital twin technology to streamline LTP’s maintenance workflows. Akram Amir from AR Engineering highlighted how the challenge pushed them to refine their AR manual concept, while Philippe Saada of AIRINT SERVICES looked forward to seeing where their digital solutions could make the biggest impact on LTP’s processes.

“These startups have shown potential for cooperation that will lead to improvements in our operations. We’re excited to see the impact on our business,” Mr. Yordanov emphasized.

TedxUPV Women event features global leaders in lifestyle, leadership, and legacy

A first-of-its-kind TEDx event is set to take place in the Philippines. TEDxUP Visayas (TEDxUPV) Women: Anchored in Tech will feature a lineup of influential speakers from various industries, sharing their insights and experiences on Nov. 15 at The Theatre at Solaire, Entertainment City, Aseana Ave., Parañaque.

The event marks the first TEDx conference in the region with a dedicated focus on technology and its impact across various sectors.

The theme “Anchored in Tech” aims to spotlight the importance of forward-thinking leadership and the role of technology in shaping society’s future through thought-provoking talks and discussions.

TEDxUPV Women will bring together 26 prominent speakers from diverse industries, each poised to share insights on resilience, innovation, and growth in an era of rapid technological advancement. The event is structured around three core themes — Lifestyle, Leadership, and Legacy — each led by notable industry leaders, influencers, and innovators.

Headlining speakers include Jade Bonacolta, Head of North America Marketing at Google and LinkedIn influencer with over 370,000 followers, known for her platform The Quiet Rich; Nikki Huang, a writer and content creator known for her unique insights into media and society; Lotis Ramin, country manager at AstraZeneca, with extensive experience in healthcare and pharmaceutical leadership; Belle Rodolfo, a beauty editor and digital content creator in the fashion and lifestyle industries; Dr. Fabi Carino, a HR professional celebrated for her contributions to organizational development; and Andria Nicolas, the CMO of Rising Tigers who will talk about the rising leaders in the region.

In the Lifestyle track, attendees will hear from leaders like Andrea del Rosario, co-founder of the Philippines’ Top 30 Leaders on LinkedIn, and Sydney Lai, head of developer advocacy at Gaia and CTO at EVM Capital, among others. This segment will explore the intersection of personal growth and technological progress, focusing on how tech influences modern lifestyles.

The Leadership segment will feature Mara Schulze, co-founder and managing director of PINO Studio; Susan Blanchet, CEO and founder of Origen Air; and Chezka Gonzales, founding vice-president of the Blockchain Council of the Philippines. These speakers will address the challenges and opportunities of leading in a digital age.

In Legacy, speakers such as Nandini Singh, political activist; and Rana Gujral, CEO of Behavioral Signals, will discuss the lasting impact of technological and social leadership on future generations.

Tickets are now available for reservations, with early-bird discounts available at lu.ma/v7pnv8bf. Learn more about the event at www.manilatedx.com.

PHL youth org named one of the winners of Schneider Electric’s project call

Schneider Electric Foundation recently named Sustainable Development Solutions Network (SDSN) Youth Philippines as one of the five winners of the company’s global “Youth Innovation for a Sustainable Future” Call for Projects, launched in celebration of the foundation’s 25th anniversary.

The initiative, which received hundreds of applications across two continents, recognizes youth-led projects spearheading innovative solutions for a more sustainable world through a just transition, skills development, and entrepreneurship.

Organized in collaboration with Ashoka’s Changemaker Companies program, the global call aims to identify the 25 most impactful and innovative youth-serving projects from participating regions (Africa & Middle East, Europe, Americas, and Asia). This global call for contributions focuses on professional training, entrepreneurship, and a fair energy transition.

SDSN Youth Philippines is a program under the UN Sustainable Development Solutions Network launched in 2012 to advance global expertise on the Sustainable Development Goals. They will receive a 10,000-euro prize as one of the winners from the Asia-Pacific Region.

The foundation will announce the global winner chosen from the short-listed entries in Asia-Pacific, The Americas, Africa, Europe and The Middle East at the COP29 climate summit in Baku, Azerbaijan. The winning foundation will get a 50,000-euro prize to fund its program and support from Schneider Electric Foundation and Ashoka.

The 2024 “Youth Innovation for a Sustainable Future” other winners in Asia-Pacific are:

  1. The Women’s Foundation (Hong Kong), which seeks to improve the lives of women and girls by challenging gender stereotypes, increasing the number of women in leadership roles, and empowering women in poverty;
  2. Yayasan Solar Chapter (Indonesia), which empowers remote communities through education and development initiatives, building resilience to climate challenges, one step at a time;
  3. Sambhav Foundation (India), which seeks to address critical social issues such as unemployment, lack of quality education, inadequate healthcare, and the need for sustainable community development through targeted programs and impactful interventions; and
  4. Connecting Dreams (India), which empowers youth to drive entrepreneurial actions that enhance livelihoods in sustainable ways, economically, socially, and environmentally.

The campaign continues in South and North America this year after successful editions in Europe, the Middle East, and Asia-Pacific.

Planters Products, Inc. to hold Annual Stockholders’ Meeting on Dec. 5 via Zoom

 

 


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SM Prime’s 2025 capex may reach P110B — president

SM PRIME recently opened SM City J Mall in Mandaue, Cebu, the company’s 87th mall in the country. — BW FILE PHOTO

THE Sy family’s SM Prime Holdings, Inc. may have a capital expenditure (capex) budget of up to P110 billion for 2025 as the company plans to open five new malls, the company’s president said.

“For next year, I think it should be P100 to P110 billion. That’s more of a guide,” SM Prime President Jeffrey C. Lim said during a media briefing in Pasay City last week.

Mr. Lim said the company is not expected to fully use the P100-billion capex earmarked for this year.

“The forecast this year is P100 billion. But I don’t think we’ll get to P100 billion,” he said.

Mr. Lim added that SM Prime is looking to open five new malls next year.

If met, this will bring the company’s domestic mall portfolio to 92 locations.

The planned malls will be in La Union, Zamboanga, Laoag City in Ilocos Norte, and Santa Rosa City in Laguna, while the fifth location has yet to be finalized.

SM Prime recently opened SM City J Mall in Mandaue, Cebu, the company’s 87th mall in the country.

The four-level mall has over 100,000 square meters of gross floor area.

Mr. Lim said SM Prime is also planning mall redevelopments next year, mostly in provincial locations.

“We’re going to do the old mall in Cebu and Rosales, Pangasinan in the north. It depends on the size of the mall. But (redevelopment) ranges from P800 million up to P1.5 billion for every location,” he said.

“You have to continuously evolve because consumers are very demanding. It’s not just about shopping and eating anymore. It’s the experience when they go inside the mall. That’s why we have to add a lot of amenities and also bring in new concepts,” he added.

Mr. Lim does not see “any major issue” that would affect SM Prime’s financial position for the remainder of 2024.

“For the first two quarters, I think we met our targets. Looking forward, I don’t see any major issue,” he said.

For the first six months, SM Prime saw a 13% increase in consolidated net income to P22.1 billion from P19.4 billion a year ago.

Consolidated revenue for January to June rose by 8% to P64.7 billion from P59.9 billion.

SM Prime shares were last traded on Oct. 31, closing at P30.65 per share. — Revin Mikhael D. Ochave

How Fujifilm Philippines integrates AI into healthcare solutions

MASAHIRO UEHARA

By Aubrey Rose A. Inosante, Reporter

FUJIFILM Philippines is leveraging artificial intelligence (AI) and medical information technology (IT) to drive its healthcare expansion, with these technologies being central to the company’s strategy, according to its president Masahiro Uehara.

“This is our current initiative. We are offering an AI function. For the customers, they not only purchase our equipment but also, they add our AI function,” he said in an interview with BusinessWorld.

Fujifilm Philippines launched its AI-assisted portable X-ray device, FDR Xair, in September. This can perform tuberculosis screenings in three minutes with the help of a radiologist and doctor, reduce false positive samples, and save costs and time.

It also announced a new digital mammography system for breast cancer screening that offers “low dose, high image quality, and improved workflow” with AI technology.

“The Philippine General Hospital and Southern Philippine Medical Center, they use our medical IT system,” he said, adding that the purchased Fujifilm medical equipment of these institutions seamlessly pairs with their medical IT system.

In a broader view, Mr. Uehara also said the company’s medical expansion is driven by the popularity of diagnostic imaging firm Hitachi Ltd. in the country, which Fujifilm acquired in 2021.

“The Philippines is a very lucky market for Fujifilm. Hitachi’s presence was significant. That’s why the Philippine doctors and healthcare sector officers know that Fujifilm products are former Hitachi products,” Mr. Uehara said. “But other countries have another story.”

The Japanese firm’s healthcare business history dates back to 1936, when it started offering X-ray medical film.

At present, it has a diverse equipment lineup with ultrasound, endoscopy, computer telephony integration (CTI), magnetic resonance imaging (MRI), and more.

“Our long-term vision is to be the top brand in the Philippine market, especially in this kind of diagnostic imaging field. To fulfill this goal, we are currently investing a lot in the enhancement of customer satisfaction,” Mr. Uehara said.

Fujifilm Philippines has opened three service centers: Davao in February, Makati in September, and Cebu to oversee the Visayas area.

“Our product is indispensable for the people — healthcare and photography. So, that’s why automatically all employees understand so if we sell more, we can bring more happiness, more smiles to the people,” Mr. Uehara said when asked about Fujifilm’s longevity.

He attributed the economic growth of the Philippines and rising Filipino incomes to creating business and commercial opportunities for companies.

“Our main business is photography and healthcare. I’m especially optimistic about the healthcare demand. The Philippine government and private hospitals are investing more in enhancing medical services. We will have greater opportunities to provide our system technology,” Mr. Uehara said.

Since the pandemic, Fujifilm Philippines has maintained double-digit growth primarily driven by the healthcare business, he said.

TRANSFER FROM HK TO PHL
Affectionately called “Masa” by his employees, Mr. Uehara was appointed as the new president of Fujifilm Philippines in November 2022 and was at the center of the firm’s new strategy after the pandemic.

Fujifilm had to downsize as sales started to falter amid the pandemic, he said.

But later revived due to the revenge buying trend and the acquisition of Hitachi, spawning new demand for the photography and medical businesses.

His transfer to the Philippines also came during the political turmoil in Hong Kong, where he was the Managing Director of Fujifilm Hong Kong Limited in 2018.

“The Hong Kong era was very tough also because of the pandemic. Before the pandemic, there was political turmoil — the conflict between the Hong Kong government and the Chinese government. I was there,” he said.

Mr. Uehara also added that the two countries differ in terms of business scale and dynamism as Hong Kong is smaller and customers can be reached within an hour, unlike in the Philippines, which is an archipelago.

Long before his appointment in these countries, he started as a product administrator in a factory in Japan near Mount Fuji in 2000, then later assigned to handle the Human Resources (HR) division from 2004 to 2012.

“This period was very hard. Because around 2000, our main business was, of course, photo-related business. Everyone was using analog cameras and had to print out photos. So, from this business, Fujifilm earned a lot of revenue and profit. But, of course, times have changed,” he said.

But as digital cameras arrived, Fujifilm’s sales profit dropped rapidly, and the company had to cut employment and shut down many factories to survive.

“All of those days, my role was HR. I had to explain why the company had to lay off employees. Very tough. Everyone was shouting. This is the company’s fault, not ours. I had to explain one by one,” he said.

When asked about his leadership style, Mr. Uehara said he keeps the balance of his responsibilities of fulfilling the sales profit target and keeping the employees happy.

“I have to make our employees happier and train them to have good careers. Luckily, now we are maintaining double-digit growth,” he said, adding that he always considers how to return the company’s growth to the employees.

Converge sets P15-B capex for 2025

DENNIS ANTHONY H. UY

CONVERGE ICT Solutions, Inc. is allocating up to P15 billion for its capital expenditure (capex) budget next year, mainly for the development of the company’s digital infrastructure projects.

“I think we are focusing on digital infrastructure now, the cloud and all that. Around P12 billion to P15 billion for our capex next year. We are going to spend more on digital infrastructure,” Converge Chief Executive Officer Dennis Anthony H. Uy told reporters last week.

The company’s capex budget for 2025 is lower than its P17 billion to P19 billion budget this year.

“With our earnings improved, we will reduce our capitalization,” Mr. Uy said.

In August, the company announced that it had revised its growth forecast for 2024 to between 12% and 14%, from the earlier estimate of 7-8%, driven by market optimism following stronger second-quarter results.

For the second quarter, Converge registered an attributable net income of P2.74 billion, up 29.8% from the P2.11 billion in the same period last year, the company’s financial statement showed.

Despite posting increased gross expenses for the April-to-June period at P6.18 billion, 15.1% higher than the P5.37 billion previously, the company managed to register higher earnings on elevated revenues.

Converge posted P9.98 billion in gross revenue for the second quarter, climbing by 14.4% from last year’s P8.72 billion.

For the first semester, Converge’s attributable net income surged to P5.29 billion, marking an increase of 23.6% from the P4.28 billion in the same period last year.

Its gross revenues went up to P19.52 billion, higher by 12.4% from the P17.37 billion in the same period last year.

Further, Mr. Uy said Converge is also looking at offering more solutions, particularly launching Smart Home solutions.

“Smart Home, we are doing it now. The future is in the home, you will see,” he said, adding that the company is targeting to launch this new offering by next year.

The listed fiber broadband provider launched in September its Converge Concierge, which is described as a hospitality TV solution.

This digital concierge service is an all-in-one smart TV solution, offering a platform that features an in-room entertainment and information hub, complete with Internet-of-Things-enabled and smart controls.

Smart home solutions are innovative technology that allows homeowners to control appliances, lighting, and other devices remotely through an internet connection or a particular platform. — Ashley Erika O. Jose

Meralco expects 6% rise in energy sales volume

PHILSTAR FILE PHOTO

MANILA Electric Co. (Meralco) expects to end the year with energy sales volume increasing by 6%, exceeding last year’s growth, a company executive said.

“For 2024, (at) the start of the year, we forecasted around 4.7% (growth) but now we’re seeing 6%,” Meralco Senior Vice-President and Chief Revenue Officer Ferdinand O. Geluz told reporters last week.

“So, we’ll end the year (with) around 53,350 plus gigawatt- hours (GWh). That’s technically close to 3,000 GWh additional compared to 2023,” he added.

Mr. Geluz attributed the projected increase in energy sales volume to high growth in the residential segment, followed by commercial, and modest growth in the industrial segment.

For the January-to-September period, Meralco reported a record-high energy sales volume of 40,872 GWh, up 7% from 38,164 GWh last year, fueled by growth in all segments.

If the 6% growth projection for 2024 is realized, Meralco would surpass last year’s energy sales volume of 51,044 GWh.

For the third quarter, Meralco saw its consolidated core net income climb by 10% to P11.89 billion, driven by the continued momentum of the distribution utility, power generation, and retail electricity supply segments.

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. — Sheldeen Joy Talavera

9th Philippine International Motor Show: Storm troopers

Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) President Atty. Rommel Gutierrez (front row, fifth from left) and Department of Transportation (DoTr) Secretary Jaime Bautista (front row, sixth from left) join executives of CAMPI members participating in the 9th Philippine International Motor Show (PIMS). — PHOTO BY HAZEL NICOLE CARREON

Amid cyclone, curtains successfully open on biennial auto spectacle

WITH SHEETS of rain and howling winds as backdrop, the ninth edition of the Philippine International Motor Show opened the doors of the World Trade Center Manila in Pasay City to the public a fortnight ago. Seventeen brands from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) showed off their portfolios and, in some cases, new additions and additions to come. “Velocity” was there to cover the opening canto and the afternoon program of the brands. — Kap Maceda Aguila

T-bill rates may rise further on expectations of faster inflation

STOCK PHOTO | Image by RJ Joquico from Unsplash

RATES of the Treasury bills (T-bills) on offer on Monday may climb amid an expected uptick in October headline inflation.

The Bureau of the Treasury (BTr) will auction off P20 billion in T-bills on Monday, or P6.5 billion in 91- and 182-day papers and P7 billion in 364-day debt.

T-bill rates could track the mixed movements seen for the same tenors at the secondary market as the market expects slightly faster headline inflation in October, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

At the secondary market on Thursday, the 91- and 364-day T-bills went up by 12.88 basis points (bps) and 7.16 bps week on week to end at 5.3267% and 5.8008%, respectively, based on PHP Bloomberg Valuation Service Reference Rates data as of Oct. 31 published on the Philippine Dealing System’s website. Meanwhile, the 182-day paper’s yield slipped by 0.58 bp to 5.7955%.

Philippine inflation likely picked up in October amid higher prices of food and fuel, analysts said.

A BusinessWorld poll of 11 analysts yielded a median estimate of 2.4% for the October  consumer price index, within the BSP’s 2-2.8% forecast for the month.

If realized, October inflation would be faster than the 1.9% in September. However, it would still be slower than the 4.9% in the same month a year ago.

Last week, the Treasury raised P20 billion as planned from the T-bills it auctioned off as total bids reached P56.046 billion, almost thrice as much as the amount on offer.

Broken down, the Treasury borrowed P6.5 billion as programmed from the 91-day T-bills as tenders for the tenor reached P14.516 billion. The three-month paper was quoted at an average rate of 5.586%, 12.3 bps higher than the previous week, with bids ranging from 5.48% to 5.674%.

The government also made a full P6.5-billion award of the 182-day securities, with bids reaching P20.17 billion. The average rate of the six-month T-bill stood at 5.752%, up by 2.1 bps, with accepted bid yields at 5.74% to 5.764%

Lastly, the Treasury raised P7 billion as planned via the 364-day debt papers as demand for the tenor totaled P21.36 billion. The average rate of the one-year debt went up by 6.5 bps to 5.751%, with accepted rates ranging from 5.65% to 5.77%.

The government is looking to borrow P90 billion from the domestic market this month, or P60 billion via T-bills and P30 billion through Treasury bonds.

The government borrows from local and foreign sources to help fund its budget deficit, which is capped at P1.48 trillion or 5.6% of gross domestic product this year. — A.M.C. Sy

Kenneth Cobonpue will open new showroom in BGC this month

THE Kenneth Cobonpue showroom in Cebu — AUBREY ROSE A. INOSANTE

CEBU — Patrons and enthusiasts of the works of Kenneth Cobonpue, globally acclaimed designer and native of the province of Cebu, are soon to see the launch of his new showroom in Grand Hyatt Residences in Bonifacio Global City (BGC), Taguig in November.

In an exclusive interview with BusinessWorld, Stephanie Arambulo de la Cruz, the art director for Kenneth Cobonpue, shared her excitement about the upcoming launch. “We’re opening, we’re still in the works. We’re targeted to open by the end of November but this is in Grand Hyatt, so it’s in BGC,” she said.

The new showroom will replace the first one in Greenbelt in Makati which for 10 years housed the iconic furniture that made Mr. Cobonpue a household name.

“We’ve closed that. We moved. That showroom in Makati was moved to BGC,” Ms. De la Cruz said, who also serves as Mr. Cobonpue’s head of marketing and communications.

Media guests toured Mr. Cobonpue’s showroom and factory located in his hometown Cebu City. The guests were greeted with the elegant bloom easy armchair — neatly folded to look like large petals, with the iconic name of the designer at the backdrop.

“We’d like to expand and the space in Makati is quite small already because we have more collections now. BGC is also one place where we can [expand], it’s a new place. We would also like to be there in a bigger place also,” Ms. De la Cruz said.

She also said that although people in Cebu buy the products, Manila has a more diverse market and their spending behavior is more flexible, noting that retail is stronger in Manila.

When asked if they are eyeing expanding to another location in the country, Ms. De la Cruz said they have no plans yet as they are managing international showrooms as well.

“I’m not sure if we are yet. Because currently, we do have international showrooms as well. We do have a showroom in New York. We also have a showroom in Germany,” she said, also mentioning its showroom in Portugal and The Colosseum in India.

The Bloom chair and the Dragnet lounge chair are among the sought-after collections that appeal to its audience.

When asked how the brand was affected during the pandemic, she said they were not as buyers then had the time to check their products online.

“It actually did us good that we’re home,” she said. “In that context, we were really not affected because we still had orders, we were still in operation.”

The company has a workforce of about 300 in the area.

Now, the brand’s immediate target is to launch its Manila showroom and be visible in international shows parading Filipino-made designs.

The renowned Filipino designer and furniture maker recently unveiled the “Linya” art series in the newly opened SM City J Mall in Mandaue City, Cebu. — Aubrey Rose A. Inosante