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PayMaya Enterprise is now Maya Business

Making Big Moves Toward the Digital Transformation of Enterprises: Maya, the Department of Trade and Industry (DTI), and the Bangko Sentral ng Pilipinas (BSP) join forces to accelerate the digital transformation of businesses across the country. In this photo, during the Maya Business Launch event, are (L to R): PayMaya Philippines Group President and Maya Co-Founder Shailesh Baidwan, DTI Assistant Secretary Mary Jean Pacheco, BSP Deputy Governor Bernadette Romulo-Puyat, BSP Deputy Governor Chuchi Fonacier, PayMaya Founder-CEO and Maya Bank Co-Founder Orlando B. Vea, BSP Governor Felipe Medalla, DTI Secretary Alfredo Pascual, Voyager and PayMaya Chairman and Maya Bank Chairman Emeritus Manny V. Pangilinan, and Maya Bank President Angelo Madrid.

PayMaya, the country’s largest processor of merchant payments, has relaunched its enterprise brand as Maya Business.

The new Maya Business seamlessly integrates omnichannel payment acceptance solutions, business-to-business (B2B), and business-to-government (B2G) payments, with digital banking services powered by Maya Bank, including a high-interest business deposit account and a range of credit products for enterprises and their customers.

The transformation comes on the heels of the successful launch of the new Maya brand and consumer app in late April this year which saw an accelerated uptake for wallet and digital banking services.

“With the new Maya Business, we’re creating the future of the enterprise, unleashing digital at a faster speed and on a broader scale,” said Manuel V. Pangilinan, chairman of Voyager and PayMaya, and chairman emeritus of Maya Bank.

Accelerating the digital transformation of businesses

During the event, keynote speakers Department of Trade and Industry Secretary (DTI) Alfredo Pascual and Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla emphasized the need to accelerate the digital transformation of businesses as critical components of sustainable economic growth and inclusion.

“The BSP welcomes the rollout of new digital financial services that bring the benefits of digitalization to Filipino businesses and end-users. We are creating the right environment, but without enterprises like Maya, it means nothing if the private sector does not find a way of utilizing the opportunities. These efforts contribute to our push to expand financing options for our MSMEs and bring them into the mantle of the formal financial system,” said Mr. Medalla.

For his part, DTI’s Mr. Pascual underscored the crucial role of the private sector in helping the Philippines achieve its digital transformation goals.

“The private sector, with its agile mindset and disposition, has to play a key role, particularly in implementing the digital transformation of large and small enterprises as well as the government itself. Congratulations to Maya for providing a fast and secure financial transaction platform for businesses and consumers,” Mr. Pascual said.

According to the BSP 2021 E-Payments Measurement, business payments account for 24.1% of total monthly retail payments. Supplier payments make up almost 90% of total business payments, but most of these still use non-digital channels.

Maya Business is committed to accelerating digital transformation among enterprises and consumers in line with the national targets under the Digital Payments Transformation Roadmap 2023 and eCommerce Philippines Roadmap 2022.

“As a growth and transformation enabler, we are embedding our digital Maya solutions into the operating systems of our merchants, big or small, online or physical,” Orlando B. Vea, PayMaya founder-CEO and Maya Bank co-founder, commented.

From payments to digital financial services

“From being a payments partner for enterprises, we’re now an all-in-one growth partner for businesses,” said Shailesh Baidwan, PayMaya Philippines Group president and Maya Bank co-founder. “Beyond leadership in payment acceptance, we’re enabling our customers with new digital financial services like business deposit, payroll disbursements, working capital loans, and buy-now-pay-later products.”

Maya Business offers merchants the broadest range of payment acceptance solutions, allowing businesses to accept any credit, debit, and prepaid card, scan-to-pay via QR, or via Maya wallet, whether online or on-ground. Solutions include Maya Checkout for online payments, Maya Payment Links for digital invoicing, Maya QR enabled by QR Ph Person-to-Merchant (P2M) payments — the national standard promoted by the BSP, and Maya Terminal, the country’s first android point-of-sale device.

Business owners and corporations can fast-track their business growth with a fully digital bank account that offers free PesoNet transfers and a 1.5% interest rate, four times higher than traditional banks. This feature is currently available for existing Maya Business clients.

On top of payment acceptance, Maya Business also offers a disbursement platform that enables organizations to efficiently distribute funds to their employees, suppliers, or citizen beneficiaries.

Maya Business is powered by the country’s only end-to-end digital payments company, PayMaya Philippines, and Maya Bank for digital banking services. To know more about Maya Business, visit maya.ph/business and follow @MayaBusinessPh on Facebook.

 


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SM’s strong retail growth boosts consumer outlook

Consumers are back to safe shopping in SM stores.

SM Investments Corp. sees a brighter consumer outlook, fueled by sustained confidence in retailing

Increased shopping activity, which was unleashed by the loosening of mobility restrictions, buoyed retail growth for SM Investments Corp., the country’s leading conglomerate.

The company’s financial performance was led by strong consumer spending across all of its categories and formats in retail, and the return of crowds in malls, said SM Investments Corp. President and Chief Executive Officer Frederic C. DyBuncio.

SM Investments Corp. reported its consolidated net income grew 27% to P25.5 billion in the first six months while consolidated revenues rose 23% to P238.5 billion.

The strong performance came on the back of accelerating inflation that averaged 4.4% in the January to June period.

“Despite rising inflation, we are encouraged to see shoppers’ robust spending in the first half. This is a bright spot in the Philippines and in the region amid global headwinds,” said Mr. DyBuncio.

Sustained retail growth

In the second quarter of 2022, SM Retail, Inc., which has a nationwide portfolio of department stores, groceries and specialty stores, posted revenues of P163.7 billion, higher by 18% from P138.2 billion in the same period last year.

Retail net income was higher by 91% to P7.0 billion from P3.6 billion in the previous period, benefitting from cost reductions and efficiencies across all formats.

“This consumer-driven momentum brings more optimism moving forward as we keep innovating on our retail offerings,” Mr. DyBuncio said.

This revenue growth was driven by higher foot traffic in retail stores and malls as well as renewed vigor in shopping for fashion-related items in the department stores.

A two-year break from shopping has unleashed retail demand. With kids having growth spurts, people emerging from the lockdowns badly in need of wardrobe upgrades and the resumption of face-to-face schooling, there was stronger demand for fashion items.

In food retail, the larger food for- mats also benefitted from higher mall traffic. Food retail formats continued to provide a wide assortment of essentials to all markets as momentum for spend- ing increased.

Taking shopping forward

Consumers are returning to shopping safely in SM stores and rediscovering the joy of shopping.

To allow customers to shop safely, safety protocols are constantly observed by The SM Store in all of its branches with thermal checks at entry points, wearing of masks by all staff, constant disinfection and sanitation and installation of UV sterilizers in escalators.

SM Green Finds at The SM Store makes shopping for sustainable products more accessible to customers.

SM too continues to evolve and share the consumer journey as it innovates on offerings for every Filipino shopper. This includes providing options for eco-friendly products through SM Green Finds at the SM Store. This line showcases local suppliers and artisans with their resourcefully made products, supporting communities while reducing the impacts on the environment.

Through this pioneering initiative, SM offers various green finds through its Home, Fashion, and Beauty departments, such as kitchenware made from high-quality bamboo or tableware from acacia wood, fashion pieces from recycled materials, and clean beauty products free from harmful chemicals. Its retail affiliates also offer eco-friendly options, made of natural ingredients or produced by social enterprises. Kultura showcases handcrafted products made by artisans and social enterprises that use locally sourced materials such as abaca, bamboo, and rattan.

The initiative aims to bring both suppliers and consumers to adopt a green way of living in the practice of responsible consumption to protect their respective communities.

SM Supermalls is also making sure shopping is safe for mallgoers. There are temperature checks, disinfection and safe distancing in all malls. Navigating through the ‘new normal’, SM Supermalls, in collaboration with its tenant partners, has also introduced new dining experiences using touch-free, cashless payment services.

Bringing back the fun in dining while safe distancing, SM Supermalls transformed its event centers, atriums, and open-air parks into designated dining spaces where customers can order from their favorite restaurants and dine in cathedral-height spaces, decorated in fun themes that are unique per mall.

“We have observed strong recovery in mall traffic driven by increased vaccination levels and relaxed mobility restrictions. There is so much pent- up demand and revenge shopping. To support this, we at SM Supermalls make sure we practice safe malling and constantly innovate on tenancy mix and mall features to provide our customers with a new, exciting and excellent shopping experience,” said Steven T. Tan, SM Supermalls President.

As families return to SM malls with the lifting of quarantine restrictions, there is an array of new and familiar experiences, ushering another evolution of the iconic community centers.

SM Supermalls’ transformation has incorporated the lessons of the global health crisis to feature open spaces and a welcoming atmosphere with an emphasis on health, wellness, and sustainable offerings.

A weekend visit to an SM mall at present includes al fresco dining spots for families and your barkada, pet parks, bicycle facilities and walk- ways, plant hubs for eco-enthusiasts, co-working spaces, experiential retail, and blockbuster and larger-than-life cinema escapades. These promote a healthier approach to alternative activities spent in malls.

Just recently, SM City North EDSA opened the very first all-electric indoor go cart racing experience in the country. The Ekart Raceway’s over 300-meter track is one of the many unique attractions of SM Supermalls promising a safe and serious fun for the whole family and gearheads alike.

All these will further give Filipinos a safe community space for shopping, meeting, getting basic services and enjoying wide spaces for every member of their family.

 


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Filinvest Land revenues, housing and condo sales rise in H1 2022

Named after a picturesque Italian resort-town, Sanremo Oasis is a mid-rise condo community set amid verdant greens and spacious environs located at City di Mare in Cebu.

By Chelsey Keith P. Ignacio

Filinvest Land, Inc. (FLI) registered an increase in its revenues as well as housing and condominium sales in the first half of 2022.

The property developer saw its consolidated revenues and other income grow to P9.1 billion in the first half of the year, up by 7% from the same period in 2021. FLI attributed this rise in revenue to the strong performance of its residential and retail businesses.

Somerset Lane is a 10-hectare residential subdivision in Tarlac City which offers a refreshing abode with an American-New England theme.

Revenues from its residential segment increased by 10% to P5.8 billion, while its retail rental revenues upped by 53% compared to the same period last year. FLI’s residential and retail rental revenues accounted for 72% of its consolidated revenue performance during the first half of the year.

Office leasing and the sale of industrial projects generated the remaining 28% of the developer’s consolidated revenues and other income.

According to FLI, behind the growth of its residential revenues were the accelerated construction progress and strong performance of its housing projects in Cavite, Laguna, and Rizal, and its medium-rise condo projects in Metro Manila and Davao. Meanwhile, the improved occupancy in its malls and the gradual removal of rental concessions increased its retail rental revenues.

Fora Mall found along the iconic Tagaytay rotunda is making its mark as a preferred destination.

FLI’s consolidated earnings before interest and taxes also rose by 5% in the first half of 2022 compared to the same period in the year prior.

With regards to the sales of its housing and condominium units, FLI saw a 30% growth during the first half of the year, recording P9.1 billion in total option sales as of the end of June.

“We are happy to see our sales volume increase to pre-pandemic performance and, happier, to see sales growth recorded in almost all the provinces where we operate,” Filinvest Land President Tristan Las Marias said. “We have invested to build bigger distribution channels both locally and abroad to reach more customers and support our expansion activities, and it is paying dividends for us.”

FLI also announced that it has launched new condominium projects in Dagupan City and Zamboanga City as well as new condo buildings in existing condo communities in Davao City, Cagayan De Oro, Cebu City, and Metro Manila. It also opened expansion phases in its housing and subdivision projects in Pampanga, Rizal, and Cavite.

The developer estimates to roll out new launches and expansion projects worth P14 billion for the rest of 2022.

Il Corso Mall at City di Mare is a redefined lifestyle destination right along South Road Properties in Cebu.

“Our economy is vibrant once again and our OFW remittance has never been stronger. We are seeing strong recovery from all our business segments, and we aim to take advantage of our extensive geographic presence to catch unserved and emerging property demands as businesses further open in the country,” Mr. Las Marias said.

Filinvest Land is one of the leading full-range property developers in the Philippines, having built a diverse project portfolio that comprises residential, office, mall, townscape, and mixed-use developments across the country.

 


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What makes San Vicente, Palawan the next best investment destination

Paragua Coastown will offer an opportunity for those who want to live the island life and grow their business within a sustainable beachside development.

A master-planned community anchored on wellness, sustainability, and business growth awaits those wanting to enjoy the ‘island life’ in Megaworld’s Paragua Coastown

By Jules Matabuena

San Vicente in Palawan exudes a unique charm compared to the more popular destinations in this world-class island destination. A first class, coastal municipality of over 33,000 residents located on the northwestern side of Palawan, San Vicente is steadily gaining buzz as one of the island’s hidden gems, not only for leisure travel but even for business as well.

A short flight from Manila brings you to this beachside paradise that some have been calling “heaven on Earth.” Here, well-paved roads, hospitable locals, a pleasant climate, a unique mountain-meets-the-sea terrain, and the country’s longest beach line — the town’s most popular tourist draw — greets you to lend the warmth of home and the excitement of Palawan’s best-kept secret.

The soon-to-rise Porto Hotel District will just be a mere walking distance away from the beach area in Kemdeng.

Boasting of a huge tourism upside that can easily rival some of the best coastal destinations in Asia, this picturesque destination is also home to property giant Megaworld’s first-ever ecotourism township development, the 462-hectare Paragua Coastown. To be developed in the next 10 to 15 years, this township straddles several barangays, including Kemdeng where the project’s first pair of developments will rise soon: the Mercato Shophouse District and the Porto Hotel District.

“San Vicente appeals to us in so many ways, primarily because of its laid-back charm and the fact that it has the longest beach line in the entire Philippines, which is actually five times longer than that of Boracay. What makes San Vicente an ideal destination for us and for those wanting to enjoy the island life is because it’s also home to Port Barton, one of the most popular tourist attractions in northern Palawan, and the fact that it has its own domestic airport that hosts regular flights to and from Manila,” says Javier Romeo Abustan, head of sales and marketing, Megaworld Palawan.

Nurturing a master-planned, sustainable community

The Mercato Shophouse District is envisioned to be a hive for business activity in San Vicente in a few years’ time.

As Megaworld continues to grow its portfolio of sustainable developments, Paragua Coastown will be created to become a sprawling “eco-tourism community” that will showcase the best of sustainable tourism and green living.

More than just championing sustainable tourism, Megaworld’s vision for Paragua Coastown is to be able to provide an opportunity to those who want to enjoy living amidst the gifts of nature and even raise their families or invest and expand their businesses in this part of Palawan. Paragua Coastown will be highlighted by hotels and resorts, health and wellness sanctuaries, cultural center, educational institutions, as well as residential developments such as private villas, serviced apartments, themed residential villages, and a mangrove reserve park.

“While we transform it into a world-class development, we also commit to the preservation of the island’s biodiversity. We envision to start building a cross-generational community in Paragua Coastown that will thrive and appeal to people and families with varied lifestyles,” adds Abustan.

Investing in sustainable architecture

While the company transforms this piece of San Vicente into a world-class development, Megaworld also commits to the preservation of the island’s biodiversity. “Our vision for Paragua Coastown is to be able to provide an opportunity to those who want to enjoy everything that San Vicente has to offer, or even raise their families or grow their businesses in this part of Palawan. We envision to start building a cross-generational community in Paragua Coastown that will thrive and appeal to people and families with varied lifestyles,” explains Abustan.

Attracting tourists from various parts of the country and the world, San Vicente’s famous Long Beach Area can easily rival the best beach locations in Southeast Asia.

In fact, San Vicente’s Long Beach Area has already been designated as a Flagship Tourism Enterprise Zone (TEZ) by the Tourism Infrastructure and Enterprise Zone Authority (TIEZA). This means those within TEZs enjoy special incentives for tourism-related businesses, such as tax holidays, which, essentially, allow such ventures to thrive.

Through Paragua Coastown, Megaworld envisions delivering long- term value to San Vicente as it attracts more tourists and generates income and jobs, particularly for the locals of the beachside town. This initiative is perfectly aligned with Megaworld’s overall vision of uplifting lives, impacting society, and helping shape the nation.

“What we are building here in Paragua Coastown will hopefully help San Vicente become the most popular eco-tourism spot in Palawan and the entire country. We give utmost importance to sustainable real estate because this is what everyone will be looking for when they decide to live or invest in Palawan,” Abustan shares.

 


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Moving forward with excellence and service: Metrobank Foundation celebrates graduating scholars

Day 1 of the 22nd Graduates’ Forum honoring the scholars from NCR

By Chelsey Keith P. Ignacio

Education can open the doors to abundant opportunities, from achieving one’s dream, helping the family, or even contributing to the country’s development. Hence, it is significant for every Filipino to have the chance to be educated to broaden their capacities and be able to reach these many opportunities and possibilities.

Business magnate and philanthropist Dr. George Ty Siao Kian once said, “A country can only develop fully if its citizens are given the opportunity to attain their greatest potential.” Metrobank Foundation, Inc. (MBFI), the philanthropic arm of Metropolitan Bank & Trust Co. (Metrobank) that he both founded, thus recognizes education as one of its main thrusts.

Among MBFI’s initiatives to support fostering the youth through proper education is offering various scholarship programs. And recently, Metrobank celebrated 67 of its scholars graduating and taking on a new chapter this year during the 22nd edition of the Graduates’ Forum themed “Ang Pagtatapos!?” held from July 26-29, 2022.

Metrobank Foundation President Aniceto “Chito” Sobrepeña

“We, the Metrobank and GT Foundation, are buoyed to witness the culmination of the undergraduate journeys of 67 scholars from eight partner universities and colleges nationwide, representing two of our scholarship programs MBFI ACCESS III (Assistance for the Completion of College Education for Superior Students) and GTFI-YES II (GT Foundation, Inc.-Youth for Excellence and Service),” MBFI President Aniceto Sobrepeña said in his opening remarks last July 26.

Among the 67 graduating scholars of MBFI and GTFI this year, more than half are Latin honors recipients, composed of 19 cum laude, 15 magna cum laude, and two summa cum laude. They also received cash incentives: P15,000 (summa), P10,000 (magna) and P5,000 (cum).

“We look at you scholars and we are reminded of the virtues of our founder, Dr. George Ty Siao Kian, of course influenced by his mother Doña Tytana. We see in you the virtues of excellence, endurance, and diligence,” Mr. Sobrepeña said.

College experience can be difficult, including for summa cum laude Joseph Lawrence Celeste, who took up Bachelor of Science in Civil Engineering at the University of the Philippines — Diliman and one of the GTFI-YES II scholars.

“Actually napakahirap (college experience). Kasi being member of the pilot batch ng K to 12, under kami ng new curriculum, so everything was really new even to our professors. And then came the pandemic, parang another adjustment to be made for us students (Actually, it was very difficult. Because being a member of the pilot batch of K to 12, we were under a new curriculum, so everything was really new even to our professors. And then came the pandemic, it’s like another adjustment to be made for us students),” he recounted in an interview.

“But being here now and finishing with flying colors, parang napaka-fulfilling (it’s very fulfilling).”

Medals of academic excellence and certificates of recognition were awarded to graduating scholars.

His fellow summa cum laude, Esteban Chua, Jr., a graduate of Bachelor of Secondary Education Major in English from the University of the East — Manila, similarly said that college experience was tough for the many adjustments their batch have to go through. “But at the same time, I think ‘yun din ‘yung nag-contribute kaya mas naging rewarding siya in the end. Kaya mas satisfying siya and mas grateful kami ngayon (But at the same time, I think that also contributed for it to become more rewarding in the end. That’s why it was more satisfying and we’re more grateful now),” the MBFI ACCESS III scholar said.

This ‘pagtatapos,’ for Mr. Celeste, is another milestone he achieved and will surpass. “Ito na ‘yung parang biggest achievement ko so far in life (This seems to be my biggest achievement so far in life),” he said. “So, parang (it seems) from this point, there’s nowhere to go but up.”

“It’s really meaningful because, number one, it’s one proof that I have achieved something big in my life,” added Mr. Chua. “And another, it’s because it just shows that I’m onto something bigger in my life.”

“Now that we are on to the next chapter of our life, I hope that we remain thankful and inspired by those who helped us get to where we are now,” Mr. Chua told his fellow scholars during his speech. “Fellow graduate scholars, let this be the start of our collective mission to give back to our country as one of our ways of saying thanks.”

Day 2 of the 22nd Graduates’ Forum honoring the scholars from the regions

While the graduating scholars are moving forward and taking on a new path, Mr. Sobrepeña reminded them that being an MBFI or GTFI scholar does not end after the student has received their diploma.

“It is a life-long commitment to excellence and service,” he said during the event. “Hindi lamang kailangan magaling, kailangan nagli-lingkod at nagsisilbi. (Not only do you need to be good, you also need to serve.) Even beyond this forum, we hope that you will carry out these ideals with you.”

Mr. Sobrepeña also told scholars that they do not have to give back to Metrobank for the support it provided. “Bigay mo sa ibang pamamaraan, huwag sa amin (Give it in another way, not to us),” he said in an interview. “Being excellent wherever you are is a way of paying us back.”

“Outreach, kawang-gawa (charity), and doing well, doing good in whatever profession or company you are in,” he added, “‘Yun ang aming ini-inculcate sa kanila. (Those are what we’re inculcating in them.)”

MBFI, apart from covering the tuition fees and providing allowances, cultivated its scholars with values and character by conducting formation programs and seeks to encourage them to pay this gift of education forward to the underprivileged.

Supporting Filipino students since 1995, the MBFI scholarship programs have created over a thousand graduates. These various programs aim to help financially challenged yet academically gifted students get the quality educational opportunities they very much deserve.

 


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Bringing sustainability to the fore of Philippine workspaces

The LEED Silver-Certified 1 Proscenium is Rockwell Workspaces’ latest office tower.

Sustainability has transcended trends and has become somewhat of an art form in itself. In business, it has now been refined to qualify as a point of sophistication, with good reason. Implementing sustainable practices into an operation requires both technological innovation and their creative application.

Much more than that, sustainability is also an embodiment of modern values, where short-term gains are foresworn for the benefit of the future generations. The significance is further heightened in the wake of current global crises.

In the words of the United Nations (UN) Under-Secretary-General for Economic and Social Affairs Liu Zhenmin in their 2022 Sustainable Development Goals (SDG) report, “The world is facing a confluence of crises that threaten the very survival of humanity. All of these crises — and ways to prevent and navigate them — are addressed holistically in the SDGs.”

Sustainable Development Goal 11 focuses on building sustainable cities and communities, as more than half the world’s population live in cities today. By 2050, it is predicted that seven out of 10 people will likely live in urban areas.

Well-appointed spaces allow for the finest workstyle.

“Cities are drivers of economic growth and contribute more than 80% of global GDP. However, they also account for more than 70% of global greenhouse gas emissions. If well-planned and managed, urban development can be sustainable and can generate inclusive prosperity,” the UN report writes.

In property development, the development and refinement of sustainable or green buildings have been the foundation of rating and performance measurement systems like the US Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system.

Ultimately, the goal is to create the best buildings possible, with consideration to all the necessary elements in the grander context of the modern era. LEED provides a framework for healthy, efficient, carbon and cost-saving green buildings, and LEED-certified buildings are globally recognized as symbols of sustainability achievement and leadership.

LEED-certified buildings save money, improve efficiency, lower carbon emissions and create healthier places for people. They are a critical part of addressing climate change and meeting ESG goals, enhancing resilience, and supporting more equitable communities.

Rockwell Land, as a leading premium property developer in the Philippines, strives to embody such qualities in its portfolio. In fact, the company is raising the bar of sophistication in Rockwell Center with the launch of the Proscenium at Rockwell.

1 Proscenium proves to be energy efficient with floor to ceiling and operable windows that allow natural light and airflow.

The Proscenium at Rockwell stands as a symbol of modern values in property developer, a holistic community in Makati consisting of five residential towers with a sprawling amenity deck designed by world-renowned Uruguayan architect, Carlos Ott. In this enclave where all needs are within reach is Rockwell Workspaces’ newest office tower, 1 Proscenium.

As a LEED Silver-Certified building, 1 Proscenium builds on the luxury experience created by the mixed-use complex, offering 214 square meters (sq. m.) to 640 sq. m. of office spaces, equipped with the latest Variable Refrigerant Flow (VRF) air-conditioning system and is built with operable windows for greater air circulation. With 21 floors and floor-to-ceiling windows, the office spaces feature plentiful natural sunlight to its tenants while providing a distinct exclusive view of the Rockwell community within Makati.

Aiming to provide the best office spaces for the finest professionals and discerning executives, 1 Proscenium is an integral part of the Proscenium masterplan. The balance of conduciveness, thoughtful office functionalities, and the unique touch of Rockwell’s distinct lifestyle is what makes it the ultimate workstyle experience.

1 Proscenium proves to be energy efficient with floor to ceiling and operable windows that allow natural light and airflow.

Rockwell Workspaces first ventured into creating premium office spaces through its pioneer project, Rockwell Business Center Ortigas in Pasig. This was followed by its first LEED Gold-Certified building, 8 Rockwell, located in Makati City. Rockwell Business Center Sheridan in Mandaluyong and Santolan Town Plaza in San Juan were soon launched afterwards. Through the addition of 1 Proscenium to its portfolio, the brand continues to provide and preserve the signature workstyle they create.

To learn more about the office spaces for lease in 1 Proscenium, please visit rockwellworkspaces.com.

 


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Basic Energy Corporation to conduct annual stockholders’ meeting via remote communication on August 31

Click to enlarge.
Click to enlarge.

 


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Intellicare: Staying in touch safely with technology

Intellicare believes that the way forward for healthcare is balancing high-touch and high-tech care.

The disruption brought about by the global pandemic proved to be an opportunity for us to reimagine how we deliver our services to our members safely without compromising the quality of care and patient experience.

As we are committed to adapt and innovate, we strive to provide our members multiple touchpoints to ensure ease and convenience in availing their benefits.

Here are some of the ways we stay in touch using technology.

AGORA Mobile App

Agora, Intellicare’s official mobile application, was developed with our members in mind. It is envisioned to be accessible, convenient, personal, and intuitive. Downloading this app will give our members easy access to a digital version of their health card along with other pertinent account information such as benefit plan and coverage. Members may also request and generate electronic referral control sheets (RCS) for consultations and diagnostics, locate accredited medical hospitals and clinics nearby, and search for affiliated doctors and dentists. Agora is available for download on Google Play and the App Store.

Telemedicine

Even before the pandemic, we have recognized that telemedicine and mobile health are not just mere trends but are vital means of reimagining service delivery for healthcare in the future. Providing this channel helps us live up to our commitment of providing affordable, accessible, quality, and efficient healthcare. Remote consultation is here to stay. Intellicare’s telemedicine partners are TelAventusMD and Medgate Philippines.

Email Automation with RPA

To complement our customer service team, we have recently employed the use of Robotic Process Automation (RPA) to help us improve our turnaround time in processing email requests.

Remote Assistance of Patient Relations Officers

Even with limited physical interaction, we are able to assist our members during hospital admission and discharge through mobile calls and messages.

24/7 Call Center

Of course, if a member prefers the warmth of another person’s voice, we have our call center operating constantly to serve our members.

We understand that different people have different needs or preferences when it comes to requesting healthcare services so we make sure that we have an omni-channel approach.

These channels are just some ways we foster a nurturing relationship with our members. Hand in hand with human connection, this is the natural progression of our promise to provide access to quality and compassionate healthcare through changing times and continue to care in infinite ways.

For more information, you may visit www.intellicare.net.ph and follow our official social media accounts. We are Intellicare on Facebook, LinkedIn, YouTube and Twitter, and intellicareph on Instagram.

 


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SM Supermalls welcomes you into a new era of change

The honest truth: No one came out of the COVID-19 pandemic in quite the same way. The pandemic was an isolating period of self-discovery, emotional growth, and life-altering realizations. It changed people, and in the process, it shaped the way so many of us view ourselves and the world around us.

Because of this, consumer tastes and behaviors have shifted. Where in a pre-pandemic world, people often spent on luxuries and experiences that allowed them to celebrate their accomplishments, studies show that consumers now want a different experience, one that is kinder and more embracing of the changes that each individual had gone through in the past two years. People are now prioritizing their personal wellness and supporting products and services that champion growth.

As consumer tastes have shifted, brands are starting to adapt to these changes. And true to its foundational commitment to make people happy, SM is ready with a host of new offerings as the entire brand is poised for a refresh this year.

“The history of SM Supermalls is one that has been built on innovation and change to serve the needs of millions of Filipinos,” says SM Supermalls President Steven Tan. “We’ve been with our customers through their every milestone for almost four decades. And we are committed to always changing, always growing with our customers in the years and decades to come.”

SM Supermalls: Welcoming Every Change in You

SM continues to stay true to its mission to provide Filipino families with a fun and engaging in-mall experience so they can go home with a smile on their faces.

There will always be a plethora of experiences for each person who comes through SM’s doors. This is true for the various personalities that emerged during the pandemic; from eco-warriors and Plantitas to health buffs and sports personalities who embraced biking, healthy eating, and home gyms, and bakers and homemakers who turned their passion projects into small businesses.

“I believe that now more than ever, it is important to recognize the new changes to our world,” adds Mr. Tan. “And people are continuing to grow as they invest in experiences that uplift their lives.”

Ushering the Future with the Transformation of SM Supermalls

In the next few months, Filipinos across Luzon, Visayas and Mindanao will get to experience the wellness-oriented and sustainability-driven transformation of SM Supermalls with a host of new and exciting activities. These include paw parks for pet moms and dads, al fresco dining areas for hangout groups, plant hubs for eco-enthusiasts, bike facilities for the growing cycling community, co-working spaces, experiential retail, blockbuster and larger-than-life cinema escapades, and so much more.

As SM’s brand refresh campaign ushers in a newness to the Philippine mall experience, curious visitors, foodies, friends and families will have much to rediscover. So come on in, you’re always welcome here!

For more information, follow SM Supermalls on Facebook: https://www.facebook.com/smsupermalls to experience what’s new in any SM Supermall near you today!

 


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Ayala Museum x Globe launch the digital gallery

(IN PHOTO, from L-R): Ayala Foundation President Ruel Maranan, Ayala Foundation Head of Foundation Planning and Resource Mobilization Marianne Quebral, Globe’s Chief Sustainability and Corporate Communications Officer Yoly Crisanto, Ayala Foundation CFO Rosallie Dimaano, and Ayala Museum Senior Director Ma. Elizabeth “Mariles” Gustilo

Ayala Museum and Globe bring a new cultural learning experience with the Globe Digital Gallery

Ayala Museum, under the management of Ayala Foundation, Inc. (AFI), and Globe Telecom, Inc. held a signing ceremony on Tuesday, June 28, to mark a new milestone in their partnership with the launch of the Globe Digital Gallery.

The Globe Digital Gallery enables Filipinos to access and interact with 1,000 pieces from the Ayala Museum and the Filipinas Heritage Library’s permanent collections through this newest experience. Made up of 8 sprawling touchscreens located in the museum’s lobby, the Globe Digital Gallery allows onsite guests to “touch the art” and even zoom in on the finer details of each art piece.

Some of the pieces that guests can enjoy in the Digital Gallery are from the Ayala Museum’s pre-colonial gold collection, indigenous textiles from its ethnographic collection, rare prints from the Filipinas Heritage Library, works from National Artists, and so much more. The 1,000 pieces currently featured is only the beginning as Ayala Museum intends to upload more of its collection to the Globe Digital Gallery for more to enjoy.

The Globe Digital Gallery is a manifestation of Ayala Museum’s omnichannel approach — combining the physical, defined by refreshed exhibitions and a rich collection, and digital technology — to complete a new museum experience.

The Globe Digital Gallery enables guests to access and interact with 1,000 pieces from the Ayala Museum and the Filipinas Heritage Library’s permanent collections through this newest experience. Guests can come and literally “touch the art.”

Present at the signing were Ayala Museum Senior Director Ma. Elizabeth “Mariles” Gustilo, Ayala Foundation CFO Rosallie Dimaano, and Yoly Crisanto, Globe’s Chief Sustainability and Corporate Communications Officer.

“We are excited to partner with Globe to excite a new generation of Filipinos about art and culture by using technological platforms that define their way of life these days. Globe has been a longstanding partner of Ayala Foundation and we are glad to continue our omnichannel journey as a museum with them,” said Ms. Gustilo.

“Technology has become a huge part of our lives, especially these last few years,” said Ms. Crisanto.

She added, “We are grateful to have the opportunity to partner with the Ayala Foundation in bringing a new cultural experience to our fellow Filipinos through the Globe Digital Gallery. We hope that this exhibit helps us further appreciate our vast art collection and the richness of our culture.”

To experience the Globe Digital Gallery, guests can book a visit to the Ayala Museum through its website.

 


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A more seamless and inclusive banking experience through digitalization

The Bank of the Philippine Islands (BPI) is celebrating its 171st anniversary by rolling out a full suite of digital products that will revolutionize the way Filipinos bank.

Turning 171 this August, Southeast Asia’s oldest bank is reaffirming its rich history of leadership in banking innovation with six digital platforms that will make banking easier and more intuitive for every Filipino. The institution that first brought revolutionary technology such as the ATM and mobile banking to the Philippines is once again looking to capture lightning in a bottle with its revamped BPI Online and Mobile platforms, BPI Bizlink, Real-time Payments platform, BanKo, Open Banking, and BPI BizKo.

BPI Online and Mobile

From setting the standard in online banking back in the day with BPI Express Online, the new and improved BPI Online and BPI Mobile app are now the primary digital platform for a better and more convenient banking experience for all BPI retail customers. Containing everything from important announcements to thought leadership and sustainability content, it not only perfectly integrates BPI’s many online platforms, but its brick-and-mortar experience as well. Anchored on strong data-driven security and technology, it facilitates the smooth flow of funds between BPI customers, merchants, and service providers making it a truly inclusive platform that BPI customers have and continue to rely on.

BPI Bizlink

The premier banking platform for BPI corporate clients, BPI Bizlink offers a wide range of technology and financial management solutions that allow business clients to better manage their accounts and liquidity, collections and disbursements. By providing an extremely robust and convenient platform, BPI strengthens businesses and supports business owners with what they need in order to hit their targets and achieve their financial goals, and sustain financial stability.

BPI BizKo

BPI BizKo enables micro, small, and medium enterprises (MSMEs) to better manage their business finances through a simple, affordable, and convenient subscription-based digital banking platform that even has an integrated online system for invoicing and collection. Small business owners can now streamline their cash flow safely and conveniently so they can spend their valuable time growing their business.

BanKo

BPI, through microfinance arm BanKo, fulfills its promise of financial inclusion by providing access to easy, convenient, and affordable deposit and loan products to fund the operations or grow the business of self-employed microentrepreneurs (SEMEs). The aim of BanKo has always been to strengthen the financial capacity of its clients in order to create a real, positive impact on their lives, and ultimately, the economy.

Open Banking

Accelerated by the recent pandemic and the rapid advancement of technology, BPI understands the necessity to break down barriers in order to improve the flow of funds and provide Filipinos with tools they need and can really rely on. BPI’s Open Banking allows the convenient access of third-party businesses and partners to access BPI financial services, allowing clients with online credentials to pay for their business services digitally and powering payments to government, billers, merchants, and even donations.

Real-time Payments

Recognizing the accelerating digital consumer payments landscape, BPI offers innovative digital financial products and services that support real-time processing of financial transactions. In line with the Bangko Sentral ng Pilipinas’ (BSP) digital transformation roadmap, the Real-time Payments platform helps facilitate the shift from a cash-heavy to a cash-lite economy without sacrificing speed, efficiency, and security.

Staying true to its promise to reinvent local banking, BPI is now inviting everyone to move with them as they begin a new decade of building a better today and a better tomorrow, one family and one community at a time.

 


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Q2 growth slows amid rising inflation 

A VENDOR sells eggs in Marikina public market, May 30, 2022. — PHILIPPINE STAR/ WALTER BOLLOZOS

By Diego Gabriel C. Robles

THE Philippine economy expanded by 7.4% in the second quarter — slower than expected — as rising inflation weighed on consumer spending.

Preliminary data released by the Philippine Statistics Authority (PSA) showed second-quarter gross domestic product (GDP) growth was slower than 12.1% a year earlier and 8.2% in the first quarter.

It was a tad lower than the 7.5% median forecast in a BusinessWorld poll last week, but at the upper end of the government’s 6.5-7.5% full-year target.

Gross domestic product (GDP) quarterly performance

The second-quarter GDP growth was the slowest in three quarters or since 7% in the third quarter of 2021.

“I think the global headwinds, particularly inflation — particularly those coming from energy, fuel and food — contributed to the slowdown. As expected this would continue in the second half. We would likely face some challenges sustaining the growth,” Socioeconomic Planning Secretary Arsenio M. Balisacan told a briefing on Tuesday.

Inflation surged to a near four-year high of 6.1% in June, bringing average inflation to 5.5% for the second quarter.

Mr. Balisacan said elevated inflation would weigh on economic growth.

“The full reopening of the economy will indeed generate more income-earning opportunities. The purchasing power of that income may be eroded by the high inflation, primarily resulting from increased fuel and food costs,” he said.

Despite the slowdown in April to June, GDP growth averaged 7.8% in the first half.

Mr. Balisacan noted the country’s second-quarter GDP growth was still the second highest among major emerging economies in the region, after Vietnam’s 7.7%.

He expressed confidence economic growth would settle within the government’s 6.5-7.5% goal this year even as the country faces “uncertainties and risks in these trying times.”

“To achieve 6.5%, all you need is a growth in the second semester of 5.3%. Still, very highly achievable. On the other hand, to achieve 7.5%, we are likely to grow by something like 7.2%. It’s very likely we will be able to achieve that growth target despite the headwinds,” Mr. Balisacan said.

At constant 2018 prices, the Philippine economy in the second quarter was valued at P4.99 trillion, surpassing the pre-pandemic GDP of P4.985 trillion in the second quarter of 2019 and P4.645 trillion in the second quarter of 2021.

In current terms, economic output in the second quarter amounted to P5.39 trillion, higher than P4.985 trillion in the second quarter of 2019.

“The GDP’s current value per semester is already P10.32 trillion, and this is higher compared with the 2019 first semester of P9.29 trillion,” National Statistician and Civil Registrar General Dennis S. Mapa said at the same briefing.

CONSUMER SPENDING
However, PSA data showed the country’s economic output shrank by 0.1% on a seasonally adjusted quarter-on-quarter basis.

By expenditure share, household consumption grew by 8.6% year on year in the first quarter, slower than 10.1% in the previous quarter but faster than  7.3% in the second quarter of 2021. This accounted for about three-fourths of the country’s economic output and added 5.8 percentage points to the 7.4% GDP growth for April to June.

Quarter on quarter, household spending fell 2.7%, as inflation accelerated.

Government spending rose by 11.1%, a reversal of the 4.2% contraction a year ago.

“In investment, the government’s contribution of general expenditure in construction was big, growing by 22.7% year on year, compared with the contribution of the private sector which only grew by 8.9%,” Mr. Mapa said in Filipino.

The share of Capital formation, the investment component of the economy, eased to 20.5% in the second quarter from 83.7% last year.

Meanwhile, export growth slowed to 4.3% from 28.6% last year. Similarly, import growth eased to 11.1% from 40.3% a year ago.

By economic sector, services and industry expanded by 9.1% and 6.3%, respectively, while agriculture growth was flat at 0.2%. Quarter on quarter, agriculture grew by 0.9% and industry by 0.2%, while services contracted by 0.4%.

“Transport, accommodation, food service, and other services have shown continued yet slow signs of recovery to their pre-pandemic levels,” Mr. Balisacan said. “Meanwhile, the agriculture sector remained weak at 0.2% growth as the sector remains vulnerable to natural calamities and rising input costs.”

Manufacturing sector growth slowed to 2.1% in the second quarter from 22.4%  a year earlier.

“The slowdown was due to the weaker growth in computers, electronic and optical products, chemical and chemical products, and food products,” Mr. Balisacan said. “The slowdown may be due to inflationary pressures brought about by the Russia-Ukraine war, weakening global demand, and supply chain disruptions brought by lockdowns in China.”

Net primary income from the rest of the world stood at 64.8% in the second quarter, a reversal of the 55.7% decline in 2021.

Gross national income, the sum of the nation’s GDP and net income received from overseas, climbed by 9.3% during the period, from 6.8% a year ago.

SUBDUED GROWTH
Economists now expect subdued growth in the second half of 2022.

Makoto Tsuchiya, assistant economist at Oxford Economics, said the dip in GDP growth would likely be temporary, but the outlook faces rising headwinds.

“We expect growth over (the second half) will be bumpy given the Ukraine war, China’s ongoing COVID strategy, and global monetary tightening are set to weaken external demand,” he said in a note. “On top of this, elevated inflation and higher debt servicing costs are set to constrain household budgets and weigh on private consumption.”

Gareth Leather, senior Asia economist at Capital Economics, said in a note they slashed the Philippine GDP forecast for this year to 6.5% from 8% due to the weaker-than-expected outturn.

Nicholas Antonio T. Mapa, senior economist at ING Bank N.V. Manila, said GDP might now settle at 6.5% or the low end of the government’s target.

“The economy is facing the triple threat of accelerating inflation, rising borrowing costs and a relatively high debt-to-GDP ratio,” he said. “Faster inflation, which was last reported at 6.4% (in July), should cap overall household spending while rising interest rates are likely to deter investment outlays.”

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said the government could still hit its target this year, citing the further reopening of the economy, increased infrastructure spending and the resumption of tourism and face-to-face classes.

With the disappointing second quarter data, some economists expect the BSP to slow the pace of tightening.

“We believe, however that BSP may dial down the magnitude of tightening, resorting to 25-bp rate increases for the remainder of 2022 policy meetings,” Mr. Mapa said.

Mr. Leather said the drop in second quarter growth “will be enough to tip the central bank to slow the pace of its tightening and have penciled in a 2-bp hike.”

The BSP has raised policy rates by 125 bps so far this year as it seeks to tame inflation. The Monetary Board meets on Aug. 18 to review its policy settings.