BDO CASH AGAD, BRINGS BASIC BANKING SERVICES CLOSER TO THE COMMUNITIES

7 Jun, 2023, No comments

Cash Agad is now more accessible in all provinces in the Philippines with its wide and growing network of over 10, 000 partner-stores.

A banking solution for communities where there are no bank branches and ATMs, Cash Agad service is present in almost 90% or over 1,300 municipalities in the country.

“BDO recognizes the importance of having quick access to cash for individuals and micro-entrepreneurs. That is why we continue to partner with small businesses like sari-sari stores, gas stations, bakeries, pharmacies, and water refilling stations, among others. We want to bring basic banking services closer to the communities,” explained Jaime M. Nasol, BDO senior vice president and Agency Banking head.

By using their ATM on the point-of-sale (P.O.S.) device of a nearby Cash Agad partner-store, BDO and BDO Network Bank account holders can safely and easily receive their salaries or remittances. Cardholders of other participating BancNet ATM cards can likewise withdraw cash using Cash Agad service. (PR)

CASH AGAD POINT-OF-SALE (P.O.S.) device. All Cash Agad partner-stores receive a free P.O.S. device that serves as an ATM for faster cash withdrawal using their participating BancNet ATM cards and personal identification number (PIN).

SEC files criminal complaint against 4 companies

7 Jun, 2023, No comments

The Securities and Exchange Commission (SEC) has brought Astral Fuel Station Corporation, Apollo Drugstore and Diagnostics Center, Inc., One Oasis Premier Holdings Corporation and Kalahari Leisure Farm Club, Inc. before the Department of Justice for criminal prosecution for conducting unauthorized investment solicitation activities.

The SEC Enforcement and Investor Protection Department (EIPD) on June 2 filed a criminal complaint against Astral Fuel and Apollo for soliciting investments from the public without the proper license from the SEC, in violation of Republic Act No. 8799 or the Securities Regulation Code (SRC).

As such, the EIPD charged Astral Fuel, Apollo Inc., One Oasis, and Kalahari for violation of Sections 8.1, 26, 28, and 51.3 of the SRC.

The Commission implicated Astral Fuel and Apollo President and Chairman Ramon Julius Grajo, who was found to have established two other companies, namely One Oasis and Kalahari.

Also implicated in the complaint were other beneficial owners, directors, and officials of the companies including Renato P. Grajo, Roberto P. Grajo, Ma. Michaela Arceo, Aiko J. Basas, Arnel Kevin Besa, Joy Ann Chu, Jess Tony Cruz, Ryan Ace Ducado, Roderick Fabia, Ricky Macalino, John Lorenz Rosario, Arnaldo Zapata, Sherwin Abuel, Cindy Alcalde, Patrick Averia, Jacqueline F. Asis, Monette Basa, Reyvee Bataan, Snooky Benzal, Omar Bolus, Salvacion Caraang, Geraldine Colinares, Dwayne Ramos Coma, Snooky Dela Cruz, Philip Detera, Lynnette R. Ebdane, Federico Esquivel, Edwin Evangelista, Ronald Facun, Nilda Gelua, Alma Gutierrez, Leonardo Leonor, Florante Manzano, Mark Laurence, Rico Bryan Oncoy, Manuel Orias, Marne Organo, Rosemin Orino, Bernard V. Padilla, Cedric Palominique, Marlon Pedrera, Yron Recodo, Marian Roxas, Joana Santos, Ricky Santos, May Sicat, Juana Tadiang, Maverick Ternate, Bon Yatco Vergerie, and Theresa Yambao.

The case stemmed from various inquiries from the public on March 2021 regarding the legality of Astral Fuel and Apollo to solicit investments from the public.

On September 23, 2021, the EIPD posted an advisory on the SEC website, warning the public against investing in Apollo. The Commission has since received several complaint-affidavits from the public stating that Astral Fuel and Apollo conducted investment solicitation activities through social media sites such as Facebook, YouTube, and Google which was verified by the EIPD.

The SRC prohibits the sale or distribution of securities in the Philippines without a registration duly filed with and approved by the Commission. Brokers engaged in the business of buying or selling securities are likewise required to be registered with the SEC.

Although both Apollo and Astral Fuel are registered with the Commission, neither have the required license to solicit investments nor have they filed for such with the SEC.

The Commission also noted that Apollo and Astral Fuel were mere conduits to solicit investments from the public, as a review of their registration documents submitted to the SEC revealed that the companies have interlocking directors and common incorporators, stockholders, and officers.

All the companies were likewise found to have the same office address, with Ramon Julius Grajo serving as president, incorporator, and director, and One Oasis owning 99.99% of the total authorized capital stock of Apollo.

“It is respectfully prayed of this Honorable Office that probable cause against [Astral Fuel], [Apollo Inc.], [Kalahari], [One Oasis], and the officers, directors, agents, salesmen, and investment solicitors be found and they be charged for violations of Sections 8.1, 26, 28, and 51.3 of the SRC, in relation Section 73 of the SRC and the corresponding criminal information for said offenses be filed in court,” the complaint read. (PR)

PLDT drums up customer vigilance anew vs illegal modem collection modus in GenSan, other Mindanao areas

7 May, 2023, No comments

The Philippines’ leading integrated telco network PLDT Inc. (PLDT) has renewed its calls for vigilance against persons falsely presenting themselves as PLDT personnel, amid rising incidents of unauthorized modem collection in Davao City, General Santos, and other key areas in Mindanao.

“We have received more reports of modems being taken from our subscribers' homes by persons misrepresenting themselves as PLDT personnel. We strongly encourage our customers to report these incidents to their local authorities, and to transact only with authorized PLDT personnel. In case of doubt, always check for proper identification,” said Cathy Yang, First Vice President and Group Head of PLDT and Smart. "PLDT Group’s initiatives to ramp-up asset protection efforts are part of a broader program to level-up our customers' experience on our network,” she added.

PLDT earlier raised this warning for customers in Mindanao areas such as Cotabato and Zamboanga, as well as in Pangasinan and in Central Luzon, where subscribers have also reported that unidentified persons claiming to be PLDT personnel entered their homes and collected their PLDT Fibr modems, disrupting repair and restoration services.

In line with the PLDT Group's continuous initiatives to improve customer service and protect its physical assets, PLDT activated Hotline 164, where citizens nationwide can report similar incidents that often lead to service disruption, including unauthorized modem retrieval, cable theft and cable breakage. Persons who would like to report such incidents can do so by calling "164" on their landline or mobile phone, regardless of network.

PLDT is also spearheading the National Telecommunications Security Council (NTSC), an industry-wide informal alliance for the mutual protection of telecommunications infrastructure nationwide. The NTSC is composed of corporate security professionals from the different telecommunications companies in the country.

PLDT operates the country's most extensive fiber infrastructure. As of end-March 2023, PLDT had expanded its total fiber footprint to more than 1.1 million kilometers, consisting of over 231,000 kilometers of international fiber and over 874,000 kilometers of domestic fiber. PLDT's fiber-to-the-home (FTTH) services as of end-March 2023 had passed around 17.2 million homes in 42% of the country's barangays.

This fiber network also supports Smart's mobile network, covering about 97% of the population with 2G, 3G, LTE, and 5G. (PR)

Filinvest, PH Eagle Foundation, partner to preserve PH Eagle sanctuary in Bukidnon

7 May, 2023, No comments

Manolo Fortich, Bukidnon - The preservation of the environment has never been more critical than it is today. The world is facing a dual crisis: climate change and biodiversity loss. These crises are interconnected, and addressing them requires an integrated approach. It is in these tenets that the Filinvest Group, through subsidiary FDC Misamis Power Corporation (FDC Misamis), has partnered anew with the Philippine Eagle Foundation (PEF) to establish an initial twenty (20) hectare reforestation and carbon sink area in Brgy. Guilang-guilang, Manolo Fortich, Bukidnon.

Under the Memorandum of Agreement recently signed by FDC Misamis and PEF, within the next three years, PEF will lead the reforestation of the grasslands planting endemic species, while FDC Misamis will provide funding for the entire project.

Within the project area is Mt. Tago, home to a pair of Philippine Eagles - female Kalabugao and male Guilang-guilang and their eaglet Maluko. PEF first released Kalabugao into the wild in 2010 after nursing her back to health after being kept as a pet by a local farmer. After her release, Kalabugao crossed to the new-found territory at Mt. Tago, where she met Guilang-guilang. Their first nesting attempt failed but succeeded the following courtship season, successfully hatching Maluko. Then, just recently, the PEF, along with forest guards, spotted their second eaglet.

According to PEF Research and Development Director Dr. Jayson Ibanez, Kalabugao's milestone "became the world's first case of a rescued, rehabilitated, and released juvenile Philippine eagle surviving to sexual maturity and breeding in the wild."

The Philippine eagles have thrived in the area through the years with the help of the local community, specifically the Guilang-guilang Apo Datu Nanikonan Association, Inc. (GADNAI), as the site is part of their ancestral domain.

Carbon sink management, eagle preservation, and the involvement of indigenous peoples are essential components of environmental sustainability. These issues are interrelated; thus, a balanced approach is necessary for long-term success.

"FDC Misamis understands that managing carbon sinks is necessary to mitigate the impacts of climate change while preserving the Philippine eagle is crucial to maintaining biodiversity. Indigenous peoples, who have long-standing relationships with these ecosystems, play an essential role in ensuring these efforts succeed," said FDC Misamis President & CEO Juan Eugenio L. Roxas.

"We are happy to link GADNAI with FDC Misamis and help build this new partnership. Hopefully, this collaboration will prosper into the future not only for the eagles but for the benefit of the people and ultimately for the nation's interest," said PEF Executive Director Dennis Salvador.

GADNAI plays a critical role in reforestation's success. Part of the project component is capacity building for locals and providing alternate livelihood. Indigenous communities have often been excluded from conservation efforts or have had their knowledge and practices disregarded. Their involvement in these efforts can promote social and environmental justice.

"By recognizing and respecting GADNAI's rights and contributions, we can work towards a more equitable and sustainable future," added Roxas.

FDC Misamis owns and operates a 405-megawatt thermal baseload power plant in Villanueva, Misamis Oriental, which significantly contributes to the stability of the Mindanao grid. Its parent company, FDC Utilities, Inc. (FDCUI), the power and utility arm of the Filinvest Group, is also pursuing the development of sustainable energy projects such as solar, hydropower, biomass, and waste-to-energy projects.

The carbon sink management program is the Filinvest Group's second project with PEF. Initial conservation efforts started in 2019 when Filinvest, through FDCUI, adopted Philippine Eagle PE-A-84-WM022 formally, now known as Dagitab. (PR)

GADNAI Kapulinagan Carbon Forest. Officials of PEF, FDC Misamis, GADNAI, and LGU Manolo Fortich during the unveiling of the GADNAI Kapulinagan Carbon Forest. Seen above are (from L-R) PEF Research and Development Director Dr. Jayson Ibanez, PEF Executive Director Mr. Dennis Salvador, FDC Misamis President and CEO Mr. Juan Eugenio L. Roxas, GADNAI Chairman and Head Claimant Datu Honorio Sumohoy, Manolo Fortich Municipal Administrator Mr. Joey Gaid, and Guilang-guilang Brgy. Captain Mr. Glenn Sumohoy Gulle.

Stronghold Insurance holds 1st golf tournament in Cagayan de Oro to mark its 63rd anniversary

26 Mar, 2023, No comments

The support of business partners and clients makes the prestigious Stronghold Insurance Company Inc., thrive and become one of the leading non-life insurance companies in the country today.

To mark the company's 63rd anniversary, Stronghold held its 1st Insurance Friendship Golf Tournament at the Pueblo de Oro Golf Course, Cagayan de Oro on Friday, March 24.

The tee off was participated by the company executives and business partners from Manila and Northern Mindanao.

Hailed as champion for the Class A category was Eric Lim, while Markie Javier ranked second and Miguel Chiong placed third. For the Class B category, Chit Lastimosa was declared champion while David Mercado and Andrew Neri were placed second and third, respectively.

The Class C category was dominated by Raymund Mirabuena tailed by Pamela Lastimosa in second place and Norman Macapugay in third spot.

Stronghold president and general manager Romulo Delos Reyes Jr. said the tournament is an expression of gratitude to the company's business partners for the support over the years.

"This is one way of thanking our business partners and one way of expressing our deepest gratitude for the help and support they have given us over these years," Delos Reyes said.

Stronghold-Cagayan de Oro hosted the event as it has posted a huge chunk of insurance production nationwide.

"This is the most producing office of the company and we opted to celebrate here to give credence to our people here in Cagayan de Oro," he added.

Delos Reyes maintained that the company has sustained its prestige and reputation in the industry over the years because of the support of the business partners, clients, and the men and women behind the company in all its branches nationwide.

Since its establishment in 1960, it has grown tremendously and has continued to move forward to give the best non-life insurance products and services to the public.

"Over the years our growth continuously moved forward on a lot of business opportunities until there was a requirement of insurance commision to increase the net worth or capital requirement of each company and we were able to comply ahead of other insurance companies. With that we get the public impression that we are here to stay and that's what we are going to do," Delos Reyes said.

Stronghold is poised to be the top and the leading non-life insurance company in the country in the years to come.

"When we turn 70, we want to be the leading insurance company and the most prepared insurance company in the Philippines," the company president said. (NMDS Staff)

Technically speaking, trend is your friend

16 Mar, 2023, No comments

For an investment instrument as volatile as stocks, is it still possible to predict how stock prices will move at a given time?

Veteran market pundits say this is very much in play, stressing that there is science behind the controlled chaos that is the stock market.

During the TradeTalks Tutorial Series hosted by BDO Securities on the basics of technical analysis and understanding market trends titled "Trending Patterns", BDO Securities Chief Operating Officer, Bernhard Tsai, said market prices form patterns that create trends, and people almost always tend to react the same way when they see the patterns that had similarly formed in the past.

But a more viable game plan, however, is to identify the type of trends that are formed, and riding on them until such trend is reversed.

"Trends are confirmed by presence of volume. Volume has to be present so you'll know there's a demand for this stock," Tsai said.

“Human psychology plays a key role in the stock market," he added. "Whether it's positive or negative news, the market discounts everything. As long as it's already public information, it's already reflected in the (share) price."

How can novice market investors find a good entry in buying stocks using technical analysis? Tsai advised to buy at the breakout point. A breakout refers to the price of a stock when it moves above a resistance area. Breakouts indicate the potential for the share price to start trending in an upward direction.

"One of the common pitfalls for investors is they don't have a good exit strategy," Tsai said. "When things go right, we tend to be too greedy and don't know when to get out. Knowing how to identify patterns to buy is as good as knowing when to exit."

To know the tips on how to have a good exit strategy, identifying market trends, and appreciating the advantages of having a sound technical analysis, Tsai advised first-time investors to open an account with BDO Securities and take advantage of the different technical analysis-based resources such as the Technically Speaking commentaries and tutorial videos. (PR)

EXPLORE THE WORLD AGAIN WITH THE NEW EXPLORER CREDIT CARD BY BDO AND AMERICAN EXPRESS

13 Jan, 2023, No comments

Manila, Philippines, 12 January 2023 – BDO Unibank, Inc. and American Express have launched the American Express^® Explorer™ Credit Card (“the Explorer Card”) in the Philippines for the aspiring and frequent travelers eager to explore the world again. Cardmembers earn American Express’ Membership Rewards^® points, which never expire, and can be redeemed for air miles with a wide range of airlines including award-winning ones and for hotel loyalty points with thousands of hotel properties[1] – giving them greater flexibility and choice, and allowing them to travel for less.

Every P40 spent entitles Cardmembers to earn one Membership Rewards^® point. Each point can then be redeemed for one air mile at six frequent flyer partners: Mabuhay Miles, KrisFlyer, Cathay Membership, Royal Orchid Plus, Enrich, and Delta SkyMiles. The points can also be converted into hotel loyalty points from Marriot Bonvoy and Hilton Honors, which both have thousands of properties worldwide including in the Philippines. In addition, the Explorer Card has one of the best rewards rates in the country and no conversion fee.

“We have seen substantial growth in travel-related spending among our American Express Cardmembers. In 2022, airline ticket purchase alone has increased exponentially versus the previous year,” says Rolando C. Tanchanco, BDO Senior Executive Vice President and Consumer Banking Group Head. “With the return of consumer confidence in travel, the American Express Explorer Credit Card is a timely addition to our extensive line-up of credit card products with our partner American Express.”

“After three years of the pandemic and with borders reopening, travel is back. Our American Express Explorer Credit Card launched in partnership with BDO, gives our Cardmembers in the Philippines, whether they are travelling solo, with family or with friends, the ability to earn rewards and travel for less, while doing what they are passionate about.’’ said Mr. Sanjiv Malhotra, Vice President and General Manager, Global Network Services, SouthEast Asia and South Pacific.

The Explorer Card was first introduced by American Express in Australia in 2016 and Hong Kong in 2021. Now, American Express with BDO are bringing the Explorer Card to the Philippines—a first in Southeast Asia. The new card forms part of the extensive range of BDO-issued American Express Cards.

Cardmembers can redeem their Membership Rewards points from a wide choice of local and international airlines and hotel loyalty programs.

Frequent Flyer Partners

· Mabuhay Miles (Philippine Airlines)

· KrisFlyer (Singapore Airlines)

· Cathay Membership (Cathay Pacific Airlines)

· Royal Orchid Plus (Thai Airways)

· Enrich (Malaysia Airlines)

· Delta SkyMiles (Delta Airlines)

Hotel Partners

· Marriot Bonvoy

· Hilton Honors

Other benefits include:

· Up to P10M Travel Accident and Inconvenience Coverage

· 2,000 Bonus Membership Rewards points upon reaching P600,000 spend per year

· Year-round deals, rebate or cashback, and instant savings from BDO partner merchants

· Complimentary Annual Fee for the 1st year (Principal and Supplementary)

· Waived Annual Fee upon reaching P450,000 spend per year

For more details or to apply for the American Express^® Explorer™ Credit Card, visit www.americanexpress.com.ph or go to any BDO branch near you. (PR)

Branch expansion, nakakatulong sa job creation ng bansa

9 Jan, 2023, No comments

Para kay Rikko Martin Guillermo, isang management officer na naka-destino sa BDO Network Bank Lahug, Cebu, malaking tulong sa kanyang finances ang malipat sa kanyang bayan dahil mas nama-manage niya ang kanyang pang-araw-araw na gastusin.

Sa kabila ng desisyon ng ibang kababayan na maghanap ng trabaho abroad, marami pa ring job opportunities ang naghihintay na mapunan dito sa Pilipinas dahil sa patuloy na expansion ng mga businesses mula sa iba’t ibang industriya.

Sa katunayan, base sa pinaka-latest na Labor Force Survey, ang employment rate sa bansa ay tumaas ng 95.5% noong Oktubre 2022 mula 95.0% ng nakalipas na buwan.

Ang BDO Network Bank, ang community bank ng BDO, ay patuloy na nagsasagawa ng branch expansion sa mga malalayong bayan sa probinsya. Mahigit 800 job positions tulad ng branch heads, service officers, account officers at marketing assistants ang binuksan ng bangko para suportahan ang 106 branches at loan offices na nag-open noong 2022.

“Ang pagbibigay ng opportunidad para sa mga local talents sa iba’t ibang komunidad ay hindi lamang bilang suporta sa expansion ng BDO Network Bank. Layunin din namin na makatulong sa pag-usad ng ekonomiya ng bansa,” ani Jesus Antonio S. Itchon, president ng BDO Network Bank (BDONB). Inaasahang mas marami pang trabaho ang mabubuksan dahil plano ng BDO Network Bank na magtayo ng karagdagang 100 branches sa mga probinsya sa 2023.

Oportunidad na malapit sa pamilya

Hangad din ng BDO Network Bank na matulungan ang mga kababayang naghahanap ng trabaho sa kanilang bayan para hindi na malayo sa kanilang pamilya.

Tulad halimbawa ng nangyari kay Rikko Martin Guillermo, network management officer ng BDO Network Bank-Lahug, Cebu.

“I am very thankful kasi pinayagan akong ma-destino sa Lahug, Cebu City office. Malaking tulong ito sa akin financially kasi magkasama na kami ng mahal ko sa buhay,” ani Rikko.

Malaki ang pasasalamat ni Allan Mark Nobleza, isang account representative sa BDO Network Bank Sultan Kudarat branch, ang paglipat niya sa kanyang hometown dahil bukod sa malapit na siya sa kanyang pamilya, mas naging productive siya sa kanyang trabaho.

Malaki rin ang pasasalamat ni Allan Mark Nobleza, dating credit assistant sa BDONB Makati office na ngayon ay account representative sa BDO Network Bank-Sultan Kudarat, Esperanza branch.

Nakatulong kay Mark ang malipat sa kanyang hometown dahil hindi na siya nag-aalala sa kanyang mga magulang at mas naging productive pa siya sa trabaho. Aniya, masayang umuwi araw-araw sa pamilya.

Para sa mga interesadong maging bahagi ng BDO Network Bank, bisitahin ang BDO Network Bank official FB page https://www.facebook.com/BDONetworkBankPH para makita ang list of job vacancies.

Maaari ring magpadala ng resume o CV sa mga sumusunod na email addresses na naka-assign sa inyong location. Sundin lang ang subject o title format sa ibaba:

Example: Field Sales Officer_Tagbilaran_Juan Dela Cruz

NCR & Central Luzon: [email protected]

North Luzon: [email protected].com.ph

South Luzon: [email protected]

Visayas: [email protected]

Mindanao: [email protected].ph

Ang BDO Network Bank ay hindi humihingi ng kahit na anong fees para sa job application. Para makasigurado, makipag-ugnayan lang sa mga lehitimong HR officers ng bangko o mag-PM sa https://www.facebook.com/BDONetworkBankPH. (PR)

Is there a golden rule in stock market investing?

5 Jan, 2023, No comments

WITH inflation rate not yet showing signs of slowing down, is there a golden rule that stock market investors should follow to keep their investments at bay?

According to BDO Securities, there is no single golden rule for stock market investing. But to have an effective stock market investing strategy, stock market enthusiasts must observe the following:

· Do your assignment – Conduct a background check on your stock selections and do it carefully. Make sure that the companies you will invest in have good fundamentals and prospects.

· Plan and time your entry and exit levels - Before buying a stock, make sure that you have already planned where you will sell your position based on these scenarios: if your stock rallied higher or if the market went against your expectations.

· Manage your risks – Regularly reevaluate your current stock holdings and assess whether your portfolio is still viable to market conditions. Check whether you have to re-balance and rotate to sectors that could potentially exhibit strength in the coming weeks or months. Make sure that your exposure on the stock or sector is also ideal based on the reward-to-risk ratio of your trades.

The state of the economy significantly sways stock market movements. When inflation is high, it puts a dent on consumer spending and companies will inevitably feel the pinch on their profits, which may cause stock prices to dip.

“The ongoing geopolitical tensions, supply chain issues, and US Dollar strength may keep inflation elevated. Nonetheless, we will keep watch of signs of easing inflation (i.e. sustained drop in key commodity prices like oil) as it is positive for stocks and may induce a market rally,” said BDO Securities, a brokerage firm which is a wholly-owned subsidiary of BDO Unibank’s investment banking arm BDO Capital & Investment Corporation.

In 2023, BDO Securities forecasts inflation to gradually ease to 5.0% from an average of 5.7% this year.

When it comes to appropriate asset allocation for investors with different risk profiles, BDO Securities suggests that the more conservative an investor is, he/she should have more exposure on fixed income assets. Meanwhile, the more aggressive the investor’s risk profile is, his/her portfolio mix should have more exposure on riskier assets such as equities. (PR)

Stronghold Insurance marks 2022 with a bang, welcomes new year with fireworks display

2 Jan, 2023, No comments

A five-minute fireworks display lit up the sky above the Stronghold Insurance Tower in Cagayan de Oro to mark the end of 2022 with thanksgiving and welcome the new year with a renewed commitment to serve its clients.

Stronghold Insurance Company Senior Vice President Pilarcita "Ging" Roa Pearson said the fireworks display was initially planned during the inauguration and grand opening of the Stronghold Insurance Mindanao Corporate Office along Tiano-Yacapin Streets last July, 2022.

"Due to the hectic schedule and since the other floors and roof deck were not yet done, we moved it to the New Year's eve. This is to show that we are getting stronger and bigger to give the best services to our clients," she said.

Laarnie Pearl Roa Pearson, Stronghold Insurance Regional Manager, also said the fireworks display is also a symbol of praise and thanksgiving to God for the overflowing blessings and success the company received and accomplished in 2022.

"62 years na ang Stronghold in the non-life insurance industry and we are so thankful to our clients, agents, partners and the city government," she said.

The major milestone the company achieved in 2022 was the inauguration of its sophisticated 9-storey corporate building, which includes a business hotel, roof deck and parking space.

After the grand opening, an increase of clients was noted, more agents came in and more partnerships were forged, the company executives said.

Stronghold Insurance Company Senior Vice President Pilarcita "Ging" Roa Pearson (left) and Regional Manager Laarnie Pearl Roa Pearson (Right)

As it welcomes the new year, Stronghold Insurance renews its commitment to better serve its clients.

Stronghold's regional manager said the company plans to branch out to other areas and put up satellite offices to cater all clients.

"We want to give the best services to our clients in 2023,"Laarnie Pearson said.

Ging Pearson also said the company is set to expand and connect with other corporate partners and focus on other insurance products like microinsurance.

The company is also considering offering life insurance services.

"It might be challenging but we will do our very best to serve the purpose of why Stronghold exist," she added. (NMDS Staff)

FDC Misamis grants assistance to Villanueva farmers and fisherfolks

31 Dec, 2022, No comments

Villanueva, Misamis Oriental - FDC Misamis Power Corporation (FDC Misamis) granted assistance to the Balacanas Vegetables Famers Association and Balacanas Fisherfolks Association in its pursuit to improve the income and productivity of smallholder farmers and fisherfolks within its host barangays. The groups received various farm and fisherfolk supplies critical to boosting productivity. The grant is anchored under the FDC Misamis’ Project AYOS (Advancing Youth and Farmers Opportunities on Sustainable Agriculture) Program, which aims to expand livelihood opportunities and equip the pilot beneficiaries with training, tools, and technique. Project AYOS is now in its second year of implementation and is in partnership with the Municipal Agriculture Office of Villanueva and Agri-Coop PH, the technical partner for the capacity and market linkages. The photo shows (from L-R) FDC Misamis' Analiza Miso, Cor. Comm. & External Affairs Manager, and representatives of Balacanas Fisherfolks Association, headed by Hon. Nila Pagaling, Punong Barangay of Balacanas, during the ceremonial turnover. (Photo Release)

Sitel Group® finds new home in Davao City

19 Dec, 2022, No comments

LOOK: Sitel Business Services Corporation (SBSC) of Sitel Group® will soon be accepting associates into its new home in Davao which will open in 2023 at the Damosa Diamond Tower, Damosa IT Park, JP Laurel Avenue, Lanang. Sitel Group is one of the largest global providers of customer experience (CX) products and solutions in the world. Present at the recent lease signing were (L-R) Damosa Land Inc. Asst. Vice President for Commercial & Leasing Lora V. Porras, Damosa Land Inc. President Ricardo Luis Mateo F. Lagdameo, Sitel Group Chief Financial Officer-Ameripac Zameer Ahmed Zaheer Basha and Sitel Group Director of Legal Affairs and Real Estate for Asia-Pacific Atty. Marlonissa N. Quilaton. (PR)

Aboitiz InfraCapital completes deal with GMR-Megawide for GMCAC, the developer and operator of Mactan Cebu International Airport

19 Dec, 2022, No comments

Aboitiz InfraCapital, Inc. (AIC) finalized its landmark deal with Megawide Construction Corporation (Megawide) and GMR Airports International, B.V. (GAIBV) for AIC to acquire shares in GMR-Megawide Cebu Airport Corporation (GMCAC), the developer and operator of the award-winning Mactan-Cebu International Airport (MCIA).

AIC acquired a 33 and 1/3% minus 1 share stake in GMCAC from Megawide and GAIBV for a total consideration of PhP 9.5 billion. Simultaneously, Megawide and GAIBV have issued exchangeable notes to AIC for the aggregate amount of PhP 15.5 billion. The exchangeable notes will mature on 30 October 2024 and are expected to be exchanged by AIC for the remaining 66 and 2/3% plus 1 share of GMCAC’s outstanding capital stock. GMR Infrastructure Limited will continue to provide support as the Technical Services Provider to GMCAC.

“We at Aboitiz InfraCapital are excited to have successfully completed this landmark deal with Megawide and GMR for GMCAC. We look forward to working side by side with our partners in further developing the Mactan-Cebu International Airport into a world class airport. The goal is to propel MCIA to the next level and establish its status as one of the Philippines’ premier international airports,” said AIC President and CEO Cosette Canilao.

AIC envisions the deal to be the first step in its continued interest in the airport sector and in furthering its commitment to develop Philippine infrastructure in line with meeting the country’s recovery and rapid economic growth.

AlphaPrimus Advisors acted as financial advisor, Gulapa Law as legal counsel and IATA as air traffic advisor respectively to AIC in this transaction. (PR)

With the completion of its deal with GMR-Megawide for GMCAC, Aboitiz InfraCapital eyes to establish the Mactan-Cebu International Airport (MCIA) as one of the PH’s premier international airports. Photo supplied

BDO starts mentorship of out-of-school youth in cloud services

15 Dec, 2022, No comments

BDO Unibank welcomed the first batch of on-the-job trainees on cloud-related work as part of its support to the collaboration of YouthWorks PH and Philippine Business Education (PBEd) with Amazon Web Services (AWS), which aims to give free cloud computing skills training for 600 unemployed and out-of-school youths across the Philippines via AWS re/Start.

The Bank has committed the expertise of its experienced IT professionals to train 100 youths on cloud services, infrastructure and network monitoring, system administration, low-risk security operation activities, SIT/UAT testing, and automation scripting.

This December, the first batch will undergo a three-month mentorship and afterward, be eligible for employment opportunities in BDO. But before starting their onsite training with the Bank, the trainees completed remote mentoring, and employability skills and technical-vocational training with AWS re/Start in Quezon City last month.

“BDO is committed to delivering products and services that exceed customer expectations. As we take our financial services to the next level with the use of cloud technologies, it is vital that we have the right people for the job. Cloud talents trained by AWS re/Start through YouthWorks PH will play a critical role toward this big step towards the future,” said BDO Unibank President and CEO Nestor Tan during the contract-signing event.

BDO is the only bank to be part of this collaborative initiative with AWS and YouthWorks PH, a private-sector driven youth employability program of United States Agency for International Development (USAID) and PBEd. Other partners include technology startups PROUDCLOUD and Launchgarage. (PR)

NEXT GENERATION. BDO Unibank proudly supports the collaboration between Philippine Business Education (PBEd) and Amazon Web Services (AWS) by providing on-the-job training on cloud-related services to participating unemployed and out-of-school youth across the country through YouthWorks Ph and AWS re/Start. In the photo are (from left): BDO President and CEO Nestor V. Tan, US Embassy in the Philippines Chargé d'affaires Heather Variava, PBEd Executive Director Love Basillote, AWS Philippines Country Head Stephen Thomas Misa, USAID/Philippines Mission Director Ryan Washburn, and LaunchGarage COO Jojo Flores.

BDO Wins the Industry Champion of the Year for the 2nd Time, Recognized as Top Sustainability Advocate in Asia for 2nd Consecutive Year

13 Dec, 2022, No comments

BDO Unibank Inc. (BDO) was named Industry Champion of the Year and Top Sustainability Advocate in Asia, both for the second time at the 2022 Asia Corporate Excellence & Sustainability (ACES) Awards in Kuala Lumpur, Malaysia.

The Industry Champion award is presented to companies that have a distinct competitive advantage, set industry trends, and have commendable best practices in place. Winners in this category have shown the ability to evolve the focus of their enterprises along with the dynamic changes of the industries they serve to sustain as market leaders.

BDO is the country’s largest bank in terms of total assets, loans, deposits and trust funds under management. The Bank has the country’s largest distribution network, with over 1,600 consolidated operating branches and more than 4,500 ATMs nationwide. It also has 16 international offices in Asia, Europe, North America and the Middle East. The Bank also offers extensive digital banking solutions to make banking easier, faster, and more secure for its clients.

“This recognition embodies BDO’s commitment to sustainability for the benefit of all its stakeholders, its customers and the hard work of its employees who are at the core of our business. We believe that our success as an institution is dependent on the growth and resiliency of the ecosystem we operate in.” said Nestor V. Tan, President and CEO of BDO Unibank.

BDO also won the Top Sustainability Advocate in Asia award for the second straight year. The Bank recognizes the critical role of financial institutions to manage its environmental and social risks and finance the country’s transition to a low-carbon economy. In 2021, BDO financed a mix of 54 renewable energy projects for wind, solar, geothermal, hydro, and biomass energy sources accounting for 2,230 megawatts of total installed capacity nationwide. BDO continues to expand its Sustainable Finance initiatives, in place since 2010, towards funding new and existing renewable energy projects to increase their capacity, and support the country’s avoidance of greenhouse gas (GHG) emissions. The Bank also finances energy efficiency projects and green buildings.

The Asia Corporate Excellence & Sustainability Awards (ACES) recognizes successful companies and individuals in Asia across two main domains; leadership and corporate social responsibility. The awards value and recognize services and achievements of businesses, both large and small, national and international, for their esteemed contributions to their communities and the world.

The ACES Awards is organized annually by MORS Group, an organization committed to assisting companies, corporate leaders, and eminent industrialists share a platform to exhibit leadership and sustainability excellence. (PR)

Stronghold Insurance, Al-Amanah Bank ink pact to promote non-life insurance

9 Dec, 2022, No comments

THE Stronghold Insurance Company Inc. (SICI) has forged an agreement with Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP) to further promote and deliver non-life insurance products, especially to Muslim communities in Mindanao.

In a Memorandum of Agreement (MOA) signed on Tuesday, December 6, both parties agreed for a mutual partnership and collaboration that aims to promote and advance the importance of non-life insurance.

As part of the deal, Stronghold will open an account with Al-Amanah Bank where premiums collected from the clients are deposited.

SICI Vice President Jose Vallejos Jr. said the deal will pave the way for the company to expand and penetrate in Muslim areas in Mindanao.

He said through the MOA, the company is seeing an increase of clients as Al-Amanah Bank will help promote Stronghold's insurance products to its clients.

"Kami yung unang accredited non-life insurance company na partner ng Al- Amanah," he said.

"Kung insured sa Stronghold ang mga clients ng Al-Amanah magkakaroon po sila ng financial protection at magtitiwala sa amin kasi ii-endorse kami ng Al-Amanah Bank," he added.

Al-Amanah Bank Chairman Alex Bangcola said part of the MOA is a mutual marketing program between the two parties.

"We will help them market their insurance policies in Muslim areas," Bangcola said.

The AAIIBP is a government and Islamic bank authorized by law to conduct Islamic Banking in the Philippines.

"The MOA signing is just the start of the relationship and partnership. We need to move forward and put this into concrete terms," he added. (NMDS Staff)

SM, BDO treat families of OFWs through Pamaskong Handog 2022

29 Nov, 2022, No comments

SM Supermalls and BDO are once again bringing a one-of-a-kind, fun Christmas celebration to overseas Filipinos and their families with Pamaskong Handog events happening in SM City Santa Rosa on December 3, SM City Iloilo on December 10, and SM CDO Downtown Premiere on December 17 at 2PM.

Massive prizes, entertainment, and bonding moments await the OFWs and their beneficiaries at the Pamaskong Handog 2022 with the theme Kita-Kits Muli sa SM". Never miss out on the special performance of BDO Remit endorser Piolo Pascual and comedians MC & Lassy who will be hosting all three events. For added fun and humor, comedians Ate Gay and Regina will be performing in SM City Sta. Rosa and SM City Iloilo, while Divine Tetay and Tonton Soriano will be at the SM CDO Downtown Premiere.

Aside from celebrity shows, SM affiliates will give away exclusive deals and discounts for Kabayan Savings account holders. Discounts are available every day at SM throughout December. Avail Miniso’s Php300 discount on Mondays; Php500 off at the SM Stores on Tuesdays; 10% off at Surplus Shop on Wednesdays; and on Thursdays, SM Supermarket, SM Hypermarket, and SM Savemore will be giving cheese balls for free! There is also a Php500 off discount from the Baby Company which started last November 15 and will run until December 31.

As a special holiday gift, BDO is offering a special promo for overseas Filipinos and their beneficiaries. They can get up to PHP20,000 waived fees on Home Loan and PHP30,000 waived fees for Auto Loan. Also, participants in the events get a chance to win PHP1M worth of insurance coverage from BDO Life, cash prizes, and freebies from BDO Cash, as well as special gifts from BDO Network Bank.

BDO and partner sponsors, Western Union and WorldRemit, will also have bingo, games, and a raffle for the participants. Plus, BDO will provide financial tips on savings and investment to help overseas Filipinos plan their futures as part of this year’s Pamaskong Handog.

To join the Pamaskong Handog event, BDO Kabayan Savings account holders plus one (1) companion each just need to present their ATM card or passbook.

Overseas Filipinos may join the fun by watching the live streaming of the Pamaskong Handog events on the BDO Kabayan Facebook page with a special viewing inside BDO Remit and BDO Unibank offices in Hong Kong, Japan, Macau, France, and the United Arab Emirates.

There’s going to be a ton of fun as balikbayans and their families get to celebrate the holidays again at SM. Since 2012, Pamaskong Handog provided entertainment and gifts for overseas Filipino and their beneficiaries. And although the celebration has gone virtual due to the pandemic, BDO and SM didn’t stop spreading happiness during the most wonderful time of the year,

For more details on Pamaskong Handog events or #SparklingSMallidays activities, visit www.smsupermalls.com/, www.bdo.com.ph, or BDO Kabayan Facebook page. (PR)

BDO Trust Recognized as The Asset Management Company of the Year for 5 Consecutive Years

10 Nov, 2022, No comments

BDO Trust continues to demonstrate its leadership in product and service innovation through constant improvements on its investment offerings such as the BDO Pension 360, a new take on corporate pension fund management. Known as an industry first, BDO Pension 360 is a comprehensive corporate retirement plan solution designed to help companies fulfill retirement benefit obligations efficiently while encouraging loyalty from employees and improving their talent recruitment and retention outcomes. Another newly created product is BDO Money Manager, designed to help retail clients develop a well-diversified portfolio to reach their long term investment goals. Enhancements are also being carried out to enable customers have full mobile access on BDO UITF (Unit Investment Trust Funds) and PERA (Personal Equity and Retirement Account), with BDO Easy Investment Plan (EIP) capabilities for all UITF products, and a full-service Invest Online functionality for smoother transactions.

These technology-driven initiatives aim to give customers an easy and accessible investment platform which also supports BDO’s sustainability efforts in reducing carbon footprint. While BDO Invest Online and BDO Mobile Banking offer convenience, BDO Trust continues to leverage on BDO’s vast network and reach with more than 1,500 branches nationwide.

“Our clients are at the center of what we do and we consistently find ways to achieve their business goals. I am truly proud of my diligent and persevering team who continues to deliver for the past 5 years and enhance customer journeys,” said Rafael G. Ayuste Jr., Senior Vice President and Head of BDO Trust.

The Asset Triple A Awards recognize companies that have established a comprehensive platform for investing across various asset classes and servicing the needs of institutional, corporate and retail clients. They have consistently shown exceptional performance and set the tone for innovation and industry practice including ESG (environmental, social and governance) integration. The Asset Awards judges use highly stringent criteria which include client feedback, testimonials and information gathered during the review period. Whenever possible, The Asset editorial team also conducts confidential teleconferences and meetings with clients.

Apart from The Asset Awards, BDO Trust has received multiple recognitions internationally from various prestigious publications such as Alpha Southeast Asia Awards, Reader’s Digest Asia, World Finance and Asian Banking & Finance. (PR)

BDO Trust and Investments Group (BDO Trust) wins the Asset Management Award for the 5^th straight year at The Asset Triple A Sustainable Investing Awards.

Micro-businesses in Zamboanga continue to recover despite tough times

7 Nov, 2022, No comments

As the local economy reopens in Zamboanga, many micro and small business owners were provided opportunities to recover their businesses.

For most MSMEs, additional funding is needed to help resume business operations which were momentarily suspended. Lizaruth Morales, a micro-business owner from Saavedra, Zamboanga was one of them.

At the height of the pandemic, the small shop of Morales was affected when the enhanced community quarantine (ECQ) was implemented. She struggled to keep her business open given the rising costs of operations.

Financial support for MSMEs

To prevent her business from closing down, Morales sought financial assistance from BDO Network Bank, the community bank of BDO Unibank.

“BDO Network Bank (BDONB) offers the Kabuhayan Loan or MSME Loan that can help small business owners to revive and grow their businesses. Through the funding, they can carry out their plans for their business, helping them fulfill their dreams for their families,” said Karen Cua, BDO Network Bank senior vice president and MSME head.

To date, there are four (4) BDO Network Bank branches and loan offices in Zamboanga, where existing business owners can apply for a loan ranging from Php 30,000 to Php 500,000 with no collateral. The additional fund can be used to increase stock inventory, buy equipment or delivery van, and support other business needs.

BDO Network Bank has also designed affordable payment schemes -- allowing the borrower to choose the most suitable and easy installment payment terms of 12 months to 24 months -- to keep their business going.

Morales is very thankful to its partnership with BDO Network Bank, saying that through the extra funding from the Kabuhayan Loan or MSME Loan, her loading station business was able to recover and grow.

For those who are interested to apply for a Kabuhayan Loan, visit BDO Network Bank website (https://www.bdonetworkbank.com.ph/), go to the nearest BDO Network Bank branch/ loan office in your community, or send a private message to BDO Network Bank’s official facebook page. (https://www.facebook.com/BDONetworkBankPH). (PR)

The small shop of Lizaruth Morales, a micro-business owner from Zamboanga, remained open despite tough times through the help of BDO Network Bank Kabuhayan Loan. (Supplied Photo)

San Miguel Pale Pilsen releases limited edition ‘PLAY PILSEN’ cans

20 Oct, 2022, No comments

San Miguel Pale Pilsen continues to serve exciting bonding experiences for family and friends with its best-tasting brew. Bringing together people from all walks of life, the iconic Filipino beer connects with the current culture and influences local lifestyle.

To further inspire generations of drinkers, San Miguel Pale Pilsen plugs into music to immerse its followers in a vibe. With the release of its limited edition ‘Play Pilsen’ cans, San Miguel Pale Pilsen lets drinkers explore worlds of music tethered on the brand’s distinct taste.

The whole barkada can enjoy three different playlists for different moods: REWIND and take a step back with classic OPM hits; TAMBAY and take it easy with chill/lounge music; and GALAW and show your moves through upbeat dance music.

Getting started on these delightful playlists is easy. 1) Scan the QR Code found on every limited edition “Play Pilsen” cans; 2) Click the link which will lead you to a Facebook post; 3) Click the Spotify® link and head over to your desired playlist; and 4) Listen while enjoying San Miguel Pale Pilsen.

Get the San Miguel Pale Pilsen “Play Pilsen” cans to collect and enjoy or to share as a perfect BEERegalo for the holidays. Order now from select supermarkets, groceries, and convenience stores, or through SMB Delivers via 8632-BEER (2337) or www.SMBDelivers.com. (PR)