Home Blog Page 7102

Smart 5G deployment gets support from US agency

SMART Communications, Inc. on Thursday said the US Trade and Development Agency (USTDA) will support its fifth-generation (5G) deployment in the country through a training assistance.

The USTDA “awarded a grant” for training to Smart, the wireless arm of PLDT, Inc., to advance its plan “to expand 5G services to 96% of the country’s population,” the telco said in an e-mailed statement.

The US agency made the award to support the telco’s investment in equipment and services from Cisco Systems, Inc.

The training grant is expected to help the company in providing better cloud-based products and services to its customers throughout the Philippines.

“This grant builds on previous USTDA assistance that is advancing PLDT and Smart’s efforts to modernize the company’s national fiberoptic network and prepare the Philippines for the transition to 5G,” Smart said.

USTDA said it is committed to supporting “cutting-edge” information and communications technology infrastructure in the country.

“[The project] will strengthen digital connectivity and bring faster, higher quality, and more affordable digital services to the people of the Philippines,” USTDA Acting Director Vinai Thummalapally said.

Alfredo S. Panlilio, president and chief executive officer of PLDT and Smart, said: “A well-trained technical team is vital to the success of our overall digital transformation, which will enable us to elevate the experience of our customers.”

“Our people must be trained and prepared to make full use of the power of these transformative new technologies,” he added.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arjay L. Balinbin

Factory output’s recovery streak continues in October

THE COUNTRY’S factory output expanded for the seventh straight month, albeit at a slower pace in October, the Philippine Statistics Authority (PSA) reported on Thursday. Read the full story.

Few Europeans want a return to 9-5 at office after pandemic

BERLIN — Only 14% of European workers want to return to the office 9-5, and more than half say they have become more productive as a result of working from home, which has boomed amid coronavirus disease 2019 (COVID-19) lockdowns and restrictions, a survey showed Thursday.

But “hybrid working” — a mix of working at home and at the office — also has its downside, with over a quarter of respondents feeling like they work all hours or into the night, according to the survey commissioned by Samsung Electronics and the consultancy The Future Laboratory.

The survey of 14,000 people across Europe also indicated that 83% of workers were seeking more support from their employers to help balance their work and home lives.

About 12% of employed people in the European Union usually worked from home in 2020, up from around 5% before the pandemic, according to data from Eurostat.

“With presenteeism now an outdated concept, employers need to think carefully about how they meet the demands of modern hybrid living,” Benjamin Braun, vice-president for Samsung Europe, said in a statement.

Two-thirds of Europeans said they had made — or were planning — home improvements to make hybrid living easier, for example by creating office spaces at home, while 41% had decided to move house.

In the survey by the world’s largest memory chip and smartphone maker, 51% said technology was helping them set boundaries, for example, by using mobile alarms or time management applications.

“We are likely to see tech stepping in to monitor our mental health and happiness as much as our physical health, with smart devices becoming our wellbeing assistants,” said Meik Wiking, chief executive of Denmark’s Happiness Research Institute, which is collaborating with Samsung on the future of work. — Reuters

Tonik deposits hit P5 billion eight months after launch

Total deposits held by Tonik Digital Bank, Inc. (Philippines) hit P5 billion to date as the lender attracted depositors through relatively higher rates.

The P5-billion mark was reached eight months since the bank launched in the country in March, it said in a statement on Thursday.

“We built Tonik to accelerate financial inclusion to more Filipinos, who deserve to have the fully digital ease and convenience in their banking experience. We are very grateful that we’re now closer to reaching this goal with the overwhelming support that we are receiving from our customers,” Tonik Chief Executive Officer and Founder Greg Krasnov was quoted as saying.

The digital bank secured P1 billion in deposits within a month since its launch.

Tonik offers rates of up to 6% for its time deposits. Its other deposits products yield rates of up to 4.5% per annum.

The bank is also extending credit where clients can complete a lending application in 15 minutes. The loan product is targeted for the country’s unbanked, underbanked, as well as middle class Filipinos that are looking for a quick credit application.

Aside from online transfers, bank clients can do cash-in and cash-out transactions with Tonik through point-of-sale terminals in convenience stores and pawnshops across 30,000 areas nationwide.

Digital banks offer their products and services digitally and are not expected to have brick-and-mortar branches like traditional lenders.

These lenders are expected to help the BSP with its target to bring 70% of Filipinos into the formal financial system and to make 50% of payments online by 2023. — L.W.T. Noble

What to see this Week 12/10/21

Encanto

THE MADRIGAL family lives in a charmed place called an Encanto. Each member of the family has a magical gift except 15-year-old Mirabel, who struggles to find her place in the family. Directed by Byron Howard and Jared Bush, the film features the voices of Stephanie Beatriz, María Cecilia Botero, John Leguizamo, Angie Cepeda, and Diane Guererro. “The story of a homeland lost and the family who rebuilt in a new land is not an uncommon one for many immigrant families, and by sensitively including it as part of a charming Disney movie, perhaps will give a new generation a better sense of belonging or at least the comfort that others have shared their experience,” writes rogere-bert.com’s Monica Castillo. “It may help kids who didn’t grow up with those stories of a ‘paradise lost’ to understand those that did. Maybe that’s an optimistic view for a movie many will flock to in a post-turkey coma, but despite a few missteps, Encanto is one of the more charming animated movies to hit theaters this year.” Rotten Tomatoes’ Tomatometer gives the film a score of 90%; while its audience score is 93%.

MTRCB Rating: G

 

Venom: Let There be Carnage

EDDIE Brock returns as the lethal protector Venom in this sequel to the Marvel Universe hit film. In this film, Eddie/Venom goes after a deranged serial killer, Cletus Kasady, who also becomes a host to an alien symbiote. Directed by Andy Serkis, the film stars Tom Hardy, Michelle Williams, Naomie Harris, Reid Scott, Stephen Graham, and Woody Harrelson. Variety’s Peter Debruge writes, “Managed (more than directed) by motion-capture star-turned-aspiring blockbuster helmer Andy Serkis, Venom: Let There be Carnage has all the indications of a slapdash cash grab. The set-pieces look sloppy, the visual effects are all over the place, and the laughs come largely at the movie’s expense. But it does introduce Carnage, so in that respect, mission accomplished. The irony, of course, is that in their haste to get a sequel into theaters, the execs couldn’t have known that a global pandemic would swoop in to delay the release by a year. If only they had slowed things down and taken their time to hash out a better story.” Rotten Tomatoes’ Tomatometer gives the film a score of 58%; while its audience score is 84%.

MTRCB Rating: PG

CNPF, partners plant 300,000 coconut trees

VERONICA REVERSE/UNSPLASH

THE tree planting program under the collaboration of listed food company Century Pacific Food, Inc. (CNPF), mobile wallet GCash, and impact organization HOPE has reached 300,000 trees as of November.

CNPF said in a stock exchange disclosure on Thursday that the tree planting program covered an equivalent of 3,000 hectares of land with new coconut seedlings since it began its initiative.

In August, CNPF partnered with GCash and HOPE to plant 1 million coconut trees via GForest, which seeks to support small-holder coconut farmers in South Cotabato and Sarangani.

GForest is a feature on the GCash application that allows its users to help in environmental protection.

“By reducing their carbon footprint and doing cashless services like sending money, paying bills and buying prepaid load in GCash, users are awarded green energy points in GForest, which they can use to claim a virtual tree. CNPF, GCash, and HOPE then convert these virtual trees into real coconut trees,” the listed firm said.

Noel M. Tempongko, Jr., CNPF vice-president and coconut division general manager, said more than 2,300 farmers have already benefitted from the program.

“We are very pleased with the progress that we’re making. Through GForest, we have a platform that enables us to spread awareness and involve consumers in our journey,” Mr. Tempongko said.

GCash Chief Customer Officer Winsley Bangit said the partnership empowers its users to help the environment.

“The partnership empowers our users to become ‘green heroes’ in their own right and ensures that we help promote a ‘green lifestyle’ for future generations to come,” Mr. Bangit said.

According to CNPF, the initiative of planting a million coconut trees is an integral part of its sustainability program.

“With the help of GForest and HOPE, the company’s coconut division will effectively reach net zero carbon emissions by 2028. It will help secure the Company’s long-term supply of raw materials for its fast-growing coconut business,” CNPF said.

On Thursday, shares of CNPF at the local bourse rose 1.89% or 50 centavos to end at P27 apiece. — Revin Mikhael D. Ochave

SpaceX links up with Filipino partners

Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is set to roll out its high-speed satellite internet services in the Philippines next year. According to the Speedtest Global Index, our country currently ranks 64th in the world for fixed broadband speed and 72nd in terms of mobile internet speed.

Bloomberg recently reported that Starlink, a unit of SpaceX, is in talks with two Philippine Stock Exchange (PSE)-listed telecommunication companies to launch its ultra-fast satellite broadband in an archipelago beset by slow speeds and poor connectivity. It identified these two telcos to be Transpacific Broadband Group International, Inc. and Converge ICT Solutions, Inc.

DFNN, Inc., another PSE-listed firm, was mentioned earlier this year in connection with Starlink’s entry into the country. Bilyonaryo.com said DFNN Chairman Ramon C. Garcia, Jr. “is serving as SpaceX’s go-between with the Senate, which is finalizing its amendments to the Public Service Act.”

Starlink uses advanced satellites in a low orbit of 550 kilometers to enable streaming, video calls, online gaming, and other high data rate activities that historically have not been possible with satellite internet. Its potential users can expect to experience download speeds between 100 Mbps and 200 Mbps, with latency as low as 200 milliseconds in most locations.

Rural communities that have gone unserved by the traditional internet service providers will finally gain access to essential online services and resources through Starlink, including virtual doctor visits and remote learning. Fine examples of Starlink’s deployments are the Pikangikum First Nation, an indigenous community in Canada; the Hoh Tribe in Washington, USA; and the Wise County Public Schools in Virginia, USA.

During disasters, the Starlink team can easily be deployed in a matter of minutes to support emergency responders, especially in areas where connectivity has been unreliable, too expensive, or completely unavailable. Starlink’s satellites are also on the leading edge of on-orbit debris mitigation. At end of life, these satellites will utilize their on-board propulstion system to de-orbit over the course of a few months.

In the unlikely event that the propulsion system becomes inoperable, the satellites will burn up in earth’s atmosphere within one to five years — significantly less than the hundreds or thousands of years at higher altitudes.

Considered as the world’s most advanced broadband system, Starlink is presently available in more than 20 countries. Its parent firm, SpaceX, is the only satellite operator with the capability to launch its own satellites as needed.

If only the Philippine Congress could fast-track the passage of amendments to the Public Service Act of 1936, which would hasten the advent of ultra-fast internet services in our benighted land.

 

J. Albert Gamboa is the chief finance officer of Asian Center for Legal Excellence and co-chairman of the FINEX Week Committee. The opinion expressed herein does not necessarily reflect the views of these institutions and BusinessWorld.

How to establish an employee suggestion program

A candidate had just finished what he felt was a stirring campaign speech in an online forum. He asked the audience: “Are there any questions?” A voice boomed from out of nowhere: “I have one question: Barring the result of surveys, who do you think is your biggest competitor in this election?”

We learn from experience that we all get excited when we talk about ourselves while ignoring the strengths of other competitors and stakeholder. That’s how politicians think. They often magnify their strengths and ignore their weaknesses. This is a one-sided approach.

The same thing is happening in the workplace. Managers don’t want to admit they are part of the problem. This happens all the time when they can’t maintain a work environment that encourages workers to contribute ideas. More often than not, they would simply ask workers to do this and that, without realizing what’s missing.

Taiichi Ohno (1912-1990), one of Japan’s leading industrial engineers and co-creator of the Toyota Production System, was right when he said: “Having no problems is the biggest problem of all.”

You were asking me what is wrong with your organization, except that I haven’t looked closely at your management policies and procedures. So, how can I help you? I can only give you some basics on how Toyota and other dynamic organizations carry out their time-tested employee suggestion program (ESP).

BASIC FORMULA

If organizations want to benefit from ESP or any derivative scheme, they need to do a better job of studying best practices and adjust accordingly to the company’s needs. You don’t have to reinvent the wheel, but to come up with a better platform appropriate for your company’s culture and specific needs. Here are the basic steps:

One, create or revise the company’s mission, vision, and value statements. Without a guiding light, you’ll be constantly in the dark. Many of these are motherhood statements but that happens only because management often forgets about it. For example, how do you intend to operationalize customer satisfaction, excellence in service, or quality orientation, in real, absolute terms?

Two, establish or review the company’s quality management system. QMS is the focal point, secretariat, internal expert, and repository of all tools and techniques related to quality and productivity improvement. It’s like having another job function in a department or division to ensure continuity. To ensure unhampered operations, it could be a part of human resources, quality assurance or the operations department, regardless of the nature of the business.

Three, make the employee suggestion program part of QMS. This requires the creation of a system that allows employees to process their ideas with the help of an ad hoc team in the form of a quality circle, productivity team or kaizen team. This is to ensure that their ideas are processed with the help of other workers through a consensual decision-making process.

Four, have a QMS steering committee to supervise such program. It must have an organizational structure with four levels composed of the Chief Operating Officer or General Manager as the Chairperson. The next level is composed of department managers, while the line supervisors must personally carry out the coaching and screen all employee ideas. The fourth level is composed of all employees acting like an army of problem-solvers.

Five, create a training program or similar platform to promote QMS. Make it easy for all workers to create and process their ideas. This means teaching them tools and techniques to generate ideas using problem-solving tools and decision-making approaches. You can’t simply leave the workers to contribute their ideas without a coherent policy or specific tools to process their ideas.

Last, reward and recognize people with a good number of ideas. It does not have to be cash. Some companies follow the lead of credit card companies. The earned points can be redeemed in exchange for home appliances, devices, and accessories. This is acceptable to most workers as it offers a tax-free situation for both the workers and their organization.

My experience tells me that money is often the most expensive way to motivate people. But if you treat your workers right, they will reciprocate in more ways than you can imagine.

 

Have a chat with Rey Elbo via Facebook, LinkedIn or Twitter or send your workplace questions to elbonomics@gmail.com or via https://reyelbo.consulting

Stuff to do (12/10/21)

Deals in Lazada 12.12 sale

HAPPENING from Dec. 12 to 14 is Lazada’s 12.12 sale, with Lazada Bonus vouchers offering P60 off for every P600 spend, and cash back offers with 10% of the purchase amount added automatically to the buyer’s Lazada Wallet upon item delivery. Customers can now send a gift card directly to the gift recipients. To do so, tap on the Lazada Gift Card icon on the app or search for Lazada Gift Card on the search bar of the Lazada app and choose an amount ranging from P100 up to P5,000, enter the mobile number, e-mail address, and the name of recipient, customize and input a message, and click on the Buy Now button to proceed to checkout. Recipients will be notified of the gift card via SMS or e-mail. Upon activation of Lazada Wallet, gift card recipients can redeem the amount with the voucher codes they receive, and use it to purchase from over 85 million products available on the platform. For P500 and below, gift cards are valid up to a year. Gift cards with a value of P1,000 and above have no expiry. Lazada also backs accessible and convenient donating campaigns for both Lazada donors and partner organizations such as Spring Rain Global, Virlanie Foundation, UNICEF, Save the Children Foundation, World Vision, UNCHR, Caritas Manila, ABS-CBN Foundation, and GMA Foundation. To access direct donations to LazadaForGood, click on this link to access the page: https://lzd.co/LazadaForGood, then select an advocacy partner and Add to Cart to donate. Lastly, Lazada’s loan providers such as TendoPay will offer 0% interest on purchases until Dec. 15. Plentina will offer the same from Dec. 10 to 14, while Billease and Cashalo will offer 0% interest on purchases until yearend. Ahead of 12.12, customers can apply for monthly installment plans from these financing partners, allowing holiday shoppers to bag the best shopping deals and pay later, with no interest. Visit Lazada for more details.

RC race tracks open at Robinsons Galleria

ROBINSONS Galleria opened RC Tracks, a racetrack for remote control cars. Visitors can bring their RC cars and race at Robinsons Galleria every Saturday and Sunday. The tracks are specially designed to accommodate RC Touring Cars (normal four-wheel-drive cars) and the drifters (drifting). “Developing new areas within Robinsons Galleria is our way of welcoming back the public after being cooped up at home due to the COVID-19 pandemic protocols,” Romina C. Domingo, Robinsons Malls Operations Director, said in a statement.

Christmas at Filinvest City

FILINVEST City makes the Yuletide season bright and merry with Share the Sparkle, a lineup of activities and holiday installations and decorations throughout the area. More lights have been set up on major streets. Spectrum Mid-way is the hub of this year’s festivities, where a 32-foot Christmas tree holds pride of place. It is complemented by a walkthrough tunnel of lights and life-sized nativity scene which is open daily and lighted at night starting 6 p.m. for the community to visit and explore. Several activities have been lined up including a short-form Video-making Contest that aims to highlight the sparkle experienced in the community’s open parks: the Spectrum Linear Park, the Festival Mall River Park, the Festival Mall Water Garden, and the Filinvest Axis Park. The competition ends by Dec. 31 and the three top winners, who will each receive P5,000, will be announced on Jan. 15, 2022, together with the most viewed entry which will receive P3,000. Enjoy a bit of shopping and food hopping at the Spectrum Market. On market days — Dec. 10, 11, 17, and 18 — Filinvest City will close a portion of the road of Spectrum Midway to provide additional open space from 4 to 9 p.m. The market will offer a variety of food, holiday gifts and products, live performances, a fireworks display, and other forms of entertainment. For more information about these Christ-mas activities, visit Filinvest City’s official Facebook Page @FilinvestCityOFFICIAL.

Seven Corners and Xin Tian Di hold 12.12 voucher sale

CROWNE Plaza Manila’s restaurants, Seven Corners and Xin Tian Di, are holding a special voucher sale from Dec. 12-14. Seven Corners Lunch or Dinner Buffet Voucher are available for P1,588 (add P58 for a signature drink) and Xin Tian Di Dim Sum Buffet Vouchers are available for P988 (add P58 for a signature drink). Avail these deals through https://crowneplazamanila.com/collections/voucher-sales. For inquiries, call 8790-310.

Shopee holds 12.12 K-Pop concert, sale  

Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, will be holding a night of giveaways and performances at the 12.12 Big Christmas Sale TV Special on Dec. 12, 10:30 p.m. to 12:30 a.m. on GMA-7 and Shopee Live. Viewers can win over ₱12 million worth of prizes, including motorcycles and a brand-new car, and enjoy special numbers from rising K-Pop act Tomorrow X Together. Meanwhile, shoppers can save on their holiday purchases with free shipping with no minimum spend, ₱1 Deals, and 10% off daily at the 12.12 Big Christmas Sale. Among the evening’s highlights: two Shopee Shake players will win ₱300,000 and three Honda Click 150i motorcycles each, while two more will get ₱300,000 and three Honda Supra GTR150 motorcycles each; during the fifth Shopee Shake session, several players will share a ₱1 million coin pool, and one player will also get a brand-new MG 5 Core from Morris Garages Philippines; one Shopee Milyonaryo winner gets to take home ₱1 million in cash.Aside from the performance by Tomorrow X Together, there will be local celebrities and performers including Jessy Mendiola, Ysabel Ortega, Kate Valdez, Rayver Cruz, Julie Anne San Jose, Bianca Umali, Michael V, Ben & Ben, Ariella Arida, Max Collins, Arra San Agustin, Derrick Monasterio, Bugoy Drilon, Kris Lawrence, and Michael Pangilinan. Local artist geiko will also perform her new single, “Oh no I’m on Shopee again.” Shopee brand ambassadors Dingdong Dantes and Jose Mari Chan, together with TV Special host and fellow ambassador Willie Revillame, will be there as well. For more information, visit https://shopee.ph/m/christmas-sale. 

IMD WORLD TALENT RANKING 2021

THE Philippines dropped nine spots in an annual global ranking of countries’ ability to attract and retain a skilled workforce, as the coronavirus pandemic disrupted the education of millions of young Filipinos. Read the full story.

IMD world talent ranking 2021

How PSEi member stocks performed — December 9, 2021

Here’s a quick glance at how PSEi stocks fared on TuesdayDecember 9, 2021.

 

RE projects with 16,000 MW capacity make DoE initial cut

RENEWABLE ENERGY (RE) projects accounted for 55% of the 93 proposals evaluated for grid integration as of November, with only one coal-fired facility obtaining similar clearance, the Department of Energy (DoE) said.

The DoE said in a document posted to its website that the renewable projects accounted for about 16,000 megawatts (MW) in capacity.

The sole coal-fired power plant to pass evaluation during the period was Reliance Energy Development, Inc.’s 300-MW coal-fired power plant in San Carlos in Negros.

Wind projects accounted for 10,935 MW, while solar power capacity was 4,251.233 MW. Some projects on the document were not identified with no capacity details listed.

The DoE has committed to a target of 50% RE capacity by 2040 as outlined in the 2040 Philippine Energy Plan.

Energy Undersecretary Felix William B. Fuentebella, during the Energy Investment forum on Dec. 3, said the Philippines needs an additional 92,320 MW of installed capacity by 2040 under what it calls the clean energy scenario.

Of the projects listed on the document, gas-fired power plants accounted for a significant proportion by capacity.

San Miguel Electric Corp.’s 6,492-MW Navotas liquefied natural gas Power Plant was the single biggest project endorsed by the DoE to the National Grid Corp. of the Philippines (NGCP).

The clearance does not entitle developers to start their projects, but rather to begin conducting a system impact study with the NGCP to identify whether the grid can accommodate the power sourced from such projects and the cost and adjustments needed to accommodate them.

The Energy department published an estimate on Dec. 7 indicating the issuance of permits to 13 new power ventures in November with total capacity of 5,255.258 MW.

Among these projects are Gigawind5, Inc.’s 1,248-MW Manila Bay Wind Power Project in waters off Bataan, Cavite, and Batangas, and Giga Ace 7, Inc.’s 1,024-MW Calatagan Offshore Wind Power Project in Batangas. — Marielle C. Lucenio

ADVERTISEMENT
ADVERTISEMENT