BDO Unibank, Inc. (BDO) delivered a net income of
P32.4 billion in 9M 2021 compared to P16.6 billion a year-ago, on the Bank’s resilient business franchise and normalized provisions.
key highlights of the bank's performance are as follows:
· Earnings normalize to pre-pandemic levels, shows stable quarter on quarter business performance with loan growth turning positive,
· Asset quality remains stable with NPL ratio at 3.1% and NPL coverage at 101%,
· Digital investments continue with a series of new product launches,
· Outlook turns positive with increasing vaccination rates and improving mobility.
Gross customer loans outpaced the industry with a 5% year-on-year (YoY) increase while total deposits went up by 6% YoY, driven by the 14% YoY expansion in Current Account/Savings Account (CASA) deposits that now comprise 85% of total deposits. Non-interest income increased by 13% YoY while trading and forex gains normalized to
The Bank sustained investments in its IT/digital infrastructure and expanded its digital capabilities to further elevate customer experience and raise productivity. The Bank launched early this year its mobile wallet BDO Pay. In addition, BDO clients can now enjoy paperless in-branch transactions, card-less ATM transactions using biometrics and QR codes, and fully digital account opening.
Total capital base strengthened to
P422.3 billion, with Common Equity Tier 1 (CET1) ratio at 13.8%, well above regulatory minimum. The Bank’s Book Value per common share went up to P94.76 as of end-September 2021 vs. P84.82 in the same period last year, for a 12% growth. Return on Average Common Equity (ROE) for the 9M2021 was higher at 10.72% from 5.97% in the same period last year.
More significantly, the Bank has now vaccinated 95% of its employees against COVID- 19, thus raising the level of safety for clients and Bank personnel.
SM celebrates the birth month of its founder Henry Sy Sr. this October with Super Month, a month-long festivity filled with special treats, amazing deals, and super experiences.
Discover amazing deals on your favorite brands at The SM Store and super shopping and dining deals at the SM Supermalls from October 1-31, 2021.
It’s been 63 years since Mr. Sy opened his first shoe store in October 1958 in downtown Manila, and the retail group where it all started leads the celebrations with its Super 10.10 Sale ongoing until October 10 at all SM Store branches nationwide. Shop at SM until October 9 and get a P100 super cashback voucher with a minimum P1,000 single-receipt purchase. On October 10, SMAC cardholders will be entitled to an extra 10% off with a minimum P3,000 single-receipt purchase.
Deals for Days. Mark your calendars for super deals everyday throughout the month of October as The SM Store celebrates Super Month.
A highlight of the Super Month is the Founder’s Weekend from October 15 to 17, 2021. Enjoy supersized deals at The SM Store as it celebrates the birthday of Mr. Sy and SM’s shoe store beginnings with the very first Super Shoes Day on October 15. Enjoy huge discounts on top shoe brands across all branches nationwide. The Founder’s Weekend also features a Super Sale, a BDO-MasterCard Rebate, and bank and e-wallet promos.
Mark your calendars for The SM Store’s Super Deal of the Day with daily deals from October 19 to 28 on essentials and extras and everything in between. Whether it’s for that much-deserved pampering and glow up, toys and baby’s necessities, your kitchen and home beautification projects, or you simply want to get a head start on Christmas shopping. Get ready to shop ‘til you drop in store, or add to your cart from home with The SM Store’s Shop SM and Call To Deliver.
Add to your cart from the comfort of home with Super Deals at SM Malls Online! Enjoy everyday shopping and dining deals for the entire month of October. Keep an eye out for supersized weekend deals from October 15 to 17, including the much-awaited Super Midnight Flash Sale.
The celebration continues at the SM Supermalls, with more shopping and dining Super Deals at your favorite SM mall or at home with SM Malls Online.
Enjoy super offers for the whole family at participating stores and with partners Grab, Visa, and Booky throughout the month. Plus, get a chance to snap up exclusive Super Weekend Deals, including BOGO deals, supersized treats, and SM Malls Online’s much-awaited Super Midnight Flash Sale.
There’s more super fun ahead with the Super Tiktok Challenge ongoing until October 15, 2021. Gather the family, friends, and fur babies and flex your TikTok skills to the tune of SM’s iconic jingle, “We’ve Got It All for You”, and get a chance to win P100,000 shopping money.
SM also celebrates our tireless Super Riders on this Super Month. It’s time to give back to these everyday heroes who tirelessly deliver everything from essential items such as groceries and medicines to food from our favorite restaurants.
Simply upload a selfie with your super delivery rider and get a chance to win a Suzuki Skydrive Sport Motorcycle for your rider and P10,000 SM shopping money for yourself. SM Super Riders is ongoing until October 17, 2021.
Celebrate Super Month this October and enjoy super deals, super eats, and super treats at SM. (PR)
Upload a selfie with your super delivery rider and get a chance to win a Suzuki Skydrive Sport Motorcycle for your rider and P10,000 SM shopping money for yourself with SM Super Riders.
AS part of its continuing pandemic response, BDO Foundation joined forces with other corporate foundations, non-governmental organizations, and government agencies to support a private sector initiative that aims to provide financial assistance for nurses.
The corporate social responsibility arm of BDO Unibank contributed to the Project Balik Buhay Salary and Bonus Assistance for our Bidas (PBB SalBaBida) Program in response to the recent rise in COVID-19 cases caused by the highly transmissible Delta variant.
Backed by the Department of Health and Office of the Presidential Assistant for the Visayas, the PBB SalBaBida Program gave financial incentives to nurses in Cebu in recognition of their noble work of caring for COVID-19 patients.
In an event in Mandaue City witnessed by BDO Visayas and Mindanao region head Cyrus Polloso, the first tranche of monthly allowances was turned over to beneficiaries.
The beneficiary-nurses are stationed in PBB partner-hospitals in Cebu, which include Adventist Hospital, ARC Hospital, Cebu Doctors University Hospital Group, Cebu Velez General Hospital, Chong Hua Hospitals, Maayo Well, Perpetual Succour Hospital, Southwestern University Medical Center, St. Vincent General Hospital, and Visayas Community Medical Center. (PR)
BDO Foundation contributed to the PBB SalBaBida Program as part of shared advocacy to support nurses caring for COVID-19 patients.
Enjoy SM Deals in 3 easy steps: visit smdeals.com, save the deals you want and add SM deals to your home screen for easy everyday access.
J&T Express Philippines, one of the leading logistic services in the country, provided covid-19 essential kits and healthy snacks as a token of appreciation to the front liners of Cagayan de Oro City.
Due to the extended Enhanced Community Quarantine status in the province of Cagayan de Oro, health workers and the local government sector exerted double efforts because of the increasing cases of COVID-19 in the area.
To give back, J&T Express Cagayan de Oro Region donated essentials to the hospital nurses of Northern Mindanao Medical Center and Jr. Borja General Hospital. They have also provided goods to the local government unit front-liners assisting the vaccination activity at the Limketkai Vaccination Center.
The initiative of J&T Express garnered a certificate of appreciation awarded by the JR Borja General Hospital for the company because of its generous acts and outpouring support to the said hospital.
J&T Express is an advocate of Filipino Bayanihan. Part of its advocacy is its commitment to serve the Filipino community, especially during time of crisis. To know more about the company, you may visit www.jtexpress.ph.
J&T Express team distributing healthy snacks to the nurses stationed at the Limketkai Vaccination Center
Olympic silver medalist Carlo Paalam visited SM CDO Downtown Premier on September 1.
Paalam recently returned to Cagayan de Oro City, the second home of the Talakag, Bukidnon-born, where he was discovered.
The city government of Cagayan de Oro has officially recognized Paalam's contribution to the city and Philippine boxing, and for his "indomitable fighting spirit and other fields of struggle for excellence."
The collaboration between Japanese fashion brand Miniso with Coca-Cola brings a double dose of happiness, giving a new vitality to shopping with the fusion of young and classic brands.
Take your refreshment on the go with this Coca-Cola Water Bottle. (Supplied Photo)
Miniso is positioned as a lifestyle product retailer that young people want to visit, and the brand tone of Coca-Cola is happy and simple. Significantly, both have red and white logos: Coca-Cola with its “Spencerian” script that has captured the heart of generations of consumers; while Miniso’s red and graphic logo that advocates “Life is for fun” and aims to deliver well-made and highly-designed goods at a reasonable price for shoppers to better enjoy a quality of life on a budget.
With this, the Miniso X Coca Cola Collection comes in classic red and white, with designs that are vintage, fashionable, and creative yet functional items. These include mugs and tumblers, tote bags, keychain with bottle opener, cosmetic pouch, lunch bags and other novelty pieces.
gives a double the happiness for a fashionable lifestyle. (Supplied Photo)
The Safety Seal is a guarantee that the business is compliant with the requirements set by the government to ensure their health, safety, and security. Its ultimate purpose is to increase consumer confidence.
#TogetherAtSM, let's experience safe malling everyday! 💯
Despite logistical limitations caused by the lockdowns and quarantines, BDO Foundation continued to provide aid for communities affected by natural disasters and the novel coronavirus pandemic. The corporate social responsibility arm of BDO Unibank brought relief goods to evacuees displaced by the Taal Volcano eruptions and hygiene kits to frontliners and patients grappling with the effects of COVID-19.
In response to Taal’s unrest, the foundation distributed relief packs containing food, rice, and drinking water to more than 700 underserved families in the Municipality of Agoncillo and the City of Tanauan in Batangas. The relief operations were backed by the City Social Welfare and Development Office. Beneficiaries included senior citizens, fishers, and tricycle drivers.
Considered one of the most active in the country, Taal Volcano emitted kilometer-high plumes of gas and ash, prompting the Philippine Institute of Volcanology and Seismology to raise Alert Level 3. High-risk communities were evacuated due to the threat of succeeding eruptions and earthquakes.
As part of its continuing COVID-19 response programs, BDO Foundation also donated hygiene kits to 440 barangay health workers and patients confined in various quarantine facilities in Capiz. The donation, which reached a total of 17 municipalities were aimed at helping beneficiaries cope with the pandemic amid the spread of the Delta variant.
The corporate citizenship initiatives in the aforementioned provinces were made possible with the assistance of BDO branches, which continually support the foundation’s disaster response advocacy. BDO Batangas-Sto. Tomas branch head Lux Sandra Trinidad, BDO Batangas-Lemery Ilustre branch head Nancy Calderon and BDO Roxas-Pueblo de Panay branch head Jojie Aga-in helped identify communities that needed assistance and coordinate the distribution of relief goods and hygiene kits.
In the spirit of Bayanihan, volunteers from BDO and BDO Network Bank branches conduct relief operations all over the country as part of efforts organized by BDO Foundation. As a follow-up to the relief efforts, the foundation undertakes long-term rehabilitation and reconstruction programs in disaster-stricken provinces. (PR)
After more than a year of working from home, it’s time to indulge yourself by creating a working space that’s both decorative and functional. And most likely, the desk will be the centerpiece of one’s home office in terms of design and activity.
The good news is that whether you’re working from home, having an online class, starting a new business or hobby, or simply browsing the net, Our Home has stylish selections that combine comfort, functionality and designs that you’ll love. And it offers some tips when choosing your dream desk.
Choose a desk that’s right for your needs and that suits your space and style. Consider your workflow and activities to make sure that you can use your desk comfortably and productively.
Also, consider your overall house design in choosing your desk. If your place is more traditional, the classic Hambu Writing Desk would be a perfect fit; while the white Havana Computer Desk will compliment contemporary spaces.
Compact drop-leaf Jacob Desk is easy to fold and easy to keep after a day's work. Perfect for smaller rooms or condos.
Size (and Shape) Does Matter. Making the mistake of buying a desk that’s either too big for your space or too small for the way you work will not be good for your productivity and comfort.
You’ll also discover that apart from size, your desk shape does matter in helping you getting organized. Rectangular desks, like Our Home’s Gavin’s Office Desk, are the most popular choice, and these are available in a variety of width and depth sizes. Corner desks for awkward spaces, and wave desks that provide you with the benefits of a rectangular desk while also giving you a larger desk top, are also great alternatives.
Consider Storage. Without any storage, your home desk can become cluttered and disorganized. Opting for a chest with drawers is an ideal way to keep your workspace organized and to make sure that all your essentials are at your fingertips. Better still, opt for a desk and storage combination.
Sitting Well. Sitting comfortably at your desk is necessary for making sure that you can be as productive as possible as you work. It will also ensure your back is continuously supported. Our Home has ergonomic chairs for a healthy WHF, as well as desk lamps to make sure your area is properly lighted.
Visit Our Home stores nationwide at select SM Supermalls for more Desk and Home Office ideas. Customers who prefer to shop online can expect the same great shopping experience through www.ourhome.ph. In addition, Our Home has introduced Contactless Shopping Options for customers who prefer to stay in their homes. Customers can Call & Deliver – call 0917 8315260, pay online, and have their items delivered. They can Shop Live where a personal shopper takes them on a virtual tour of the store via video call. Curbside Pickup is also available.
**Shop in-store, online, or contactless with our Call & Deliver (0917)8315260, Shop Live, and Curbside Pickup services. Free interior design advice and affordable bespoke services are available.
**Only at Our Home. Great Designs. Great Prices. (PR)
Double deck Scandinavian designed Janine II Desk perfect for small spaces and for your kid’s online classes.
MANILA, Philippines, 13 August 2021 – The Ford Territory is officially marking its first launch anniversary in the Philippines with a string of milestones and achievements in the local automotive industry.
The Ford Territory first arrived in the country last August 14, 2020, setting a new standard for small and mini-SUVs with its sleek and stylish design, impressive performance, and driver-assist technologies. It brings to life the Ford DNA in its design, engineering, and capability, following Ford’s highest global quality standards.
Twelve months later, the Ford Territory has become one of the more popular and best-selling SUVs in the country and has steadily attracted young professionals, tech-savvy millennial drivers, and small families. Here are five (5) things that the Ford Territory has achieved over the last year:
Small SUV segment leadership
The Ford Territory delivered robust sales in the first half of 2021 and retained its leadership in the small SUV segment. Sales reached 3,323 units, cornering a 56 percent market share in the segment.
One of Ford’s top-selling vehicles
As of the first half of 2021, the Ford Territory was the second best-selling vehicle in the Ford product portfolio in the market, next to the Ford Ranger. Over 30 percent of total vehicles sold by Ford Philippines in the first half were Territory SUVs.
5,000th customer milestone
The Ford Territory also recently reached its 5,000th customer milestone after selling 5,248 units from August 2020 to June 2021, on the back of a growing demand among customers looking for a practical, stylish, and feature-packed SUV.
Growing community of proud owners and enthusiasts
The interest and clamor towards the Ford Territory has paved the way for the founding of the Ford Territory Club Philippines (FTCP), a car group on Facebook composed of over 12,000 members. In a poll, FTCP members revealed that their favorite features are the panoramic moonroof, 360-Degree Around View Monitor, Blind Spot Information System, 10-inch infotainment system, and Apple Carplay with wireless connectivity feature and Android Auto capability.
Awards and citations
The Ford Territory has also been a consistent award recipient over the last year. It was hailed as the Car of the Year – Reader’s Choice category in Top Gear Philippines Awards 2020. It also brought home the Value Pick and Family Car awards, sweeping the Reader’s Choice category by winning three out of the six awards.
The Ford Territory also won the Consumer Choice Award in the 2020 AutoDeal Awards. The Territory received the highest overall score from buyers’ feedback, particularly in the areas of fuel economy, driving performance, comfort, looks and style, interior features, and interior space.
“These huge successes for the Ford Territory will not be possible without the support and trust of our customers, dealers, partners, and employees,” shares Michael Breen, managing director, Ford Philippines. “We are excited to sustain the momentum for the remainder of the year as we see more Filipinos enjoy driving a Ford Territory and owning every moment of it.”
Globe At Home is upgrading older broadband technology of its qualified serviceable customers for free to high-speed, fiber lines which will provide reliable, stable and faster internet connectivity amid the ongoing pandemic.
Those eligible for the free upgrade are current Globe At Home customers who are within accepted credit standing and are located in areas that are serviceable for the upgrade. Customers will be advised by a Globe At Home representative through SMS or email once their location is serviceable with fiber technology. Customers may also apply at http://glbe.co/TechUpgrade. A Globe representative will confirm their eligibility between 48-72 hours.
Fiber is able to provide near-equal upload and download speeds and the ability to connect more devices without noticeable lags, allowing family members to use the internet at the same time.
Globe places importance on investing and expediting its fiber builds, targeting one million fiber lines this year, to better serve the growing internet usage needs of their customers. Doing so allows Globe At Home to offer enhanced at-home connectivity experience for its current customers by upgrading them to fiber technology once available in their area. This has resulted in a 250% increase in upgraded Postpaid customers in the first half of 2021, compared to the same period in 2020.
Customers have been responding positively to Globe’s tech upgrades. One customer said, “Since the day that the new modem was installed, I found it easy to connect online, watch movies, send files faster, upload or download files compared to before. Thanks for these great undertakings. Satisfied Globe customer here. Keep up the good work.”
While another said, “At this time of crisis, I would say everything that is given free of charge is a treat. Thank you, Globe!”
“With fiber, Filipinos can stay more connected to each other and the world. Fiber presents numerous advantages and it is our endeavor to bring this to more Filipino homes as soon as possible,” said Barbie Dapul, Vice President for Marketing of Globe At Home.
“The pandemic has further underscored the necessity for high-speed internet in Filipino households. Despite the recent surges and reimposition of stricter lockdowns, we continue to roll out fiber lines and upgrade our subscribers to this latest technology so that families can make the most out of the internet, whether for pleasure or productivity,” Dapul added.
All these free tech upgrades and customer service perks may be experienced from Globe At Home. For plan changes, customers also may go to http://glbe.co/TechUpgrade or use the Globe At Home App, available to download on Google Play for Android devices and App Store for iOs devices.
Globe strongly supports the United Nations Sustainable Development Goals, particularly UN SDG No. 9, highlighting the roles of infrastructure and innovation as crucial drivers of economic growth and development. The company also champions the UN Global Compact principles and contributes to 10 UN Sustainable Development Goals.
Globe has built at least 641 new cell towers and completed 8,175 site upgrades in the first half of the year as part of its continued network modernization efforts.
These include changing its obsolete 3G network to 4G LTE in Pangasinan, Misamis Oriental, Nueva Ecija, Bataan, Zambales, Tarlac, Negros Occidental, Negros Oriental, Iloilo, Capiz, Aklan, Antique, Siquijor and Guimaras.
“These expansion and completion of site upgrades will bring better call, SMS and data browsing services to our customers in these provinces. As we promised during the early part of the year, we wanted to elevate the mobile experience of our customers not only in highly-urbanized areas but also in rural areas to make it more inclusive and accessible,” said Joel Agustin, Globe SVP for Program Delivery, Network Technical Group.
These new Globe installations include 31 in Pangasinan; 26 in Nueva Ecija and 16 in Iloilo.
The company has also completed 364 site upgrades in Pangasinan; 362 in Misamis Oriental; 297 in Nueva Ecija; 275 in Negros Oriental; and 183 in Iloilo.
“Despite the travel and health restrictions imposed all over the country due to the pandemic, Globe has been relentless in bringing better and more enjoyable mobile experiences to customers. We encourage those who are still using 3G SIMs to switch to the 5G-ready 4G/LTE SIM now and make the most of their call, text, and data browsing services,” added Agustin.
As of the end of June, Globe has already surpassed the 600,000 FTTH lines it has laid down in 2020.
For the past two years, Globe has been encouraging all of its customers to upgrade to the 5G-ready 4G LTE SIM cards to experience the benefits and advantages of the new technology.
Customers may send SIM CHECK to 8080 if they are still using 3G SIM cards. If they are, upgrading to the 5G-ready 4G LTE SIM is FREE of charge. There is no fee involved and more importantly, customers get to keep their old mobile number. For security reasons, customers are advised to upgrade their SIM at a Globe Store if current health protocols in their respective areas allow them to do so.
For more information, please go to
Customers who wish to upgrade their mobile devices can also check online at https://shop.globe.com.ph/
Globe supports the United Nations Sustainable Development Goals, specifically UN SDG No. 9 which emphasizes the roles of infrastructure and innovation as crucial drivers of economic growth and development. Globe is also committed to upholding the United Nations Global Compact principles and 10 UN SDGs.
Globe, the country’s pioneer in fifth-generation (5G) technology, is set to break more barriers and create new opportunities for customers with the launch of its UNLI 5G offers across Globe Prepaid, Postpaid, Platinum, and TM.
Committed to driving more customers to have an elevated mobile experience with the latest 5G technology, the network group’s latest venture is to make 5G more accessible and affordable with these latest promo offers as well as an expansive list of 5G devices and mobile handsets.
With the new UNLI 5G offers, Globe Prepaid customers can enjoy the benefits of 5G technology if they subscribe to Go5G99 valid for 3 days, Go5G199 valid for 7 days, or Go5G299 valid for 15 days. These 5G offers are available as add-ons to Go+ or Go90 and up promos.
Globe Postpaid and Platinum plan subscribers can also boost their online experiences with the Unli 5G 599 valid for 30 days which will be an add-on to their main plan allowance.
For TM customers, UNLI 5G offers include: TM5G99 valid for 3 days, TM5G199 valid for 7 days, and TM5G299 valid for 15 days once they are registered to EasySURF50 and up.
To make the most of the UNLI 5G offers, customers need to have 5G-enabled handsets and devices and ensure that they are in 5G-powered locations. Customers can check Globe’s 5G coverage through http://glbe.co/Globe5GAreas.
Globe Postpaid subscribers can now maximize their 5G experience with the latest 5G-enabled devices like Samsung Galaxy A22 5G, Redmi Note 10 and Realme 8 5G, already available for as low as GPlan 599. For those looking for a bigger data allowance and a free 5G device, subscribers can opt for GPlan 999. Customers are encouraged to check out all 5G devices available with GPlan through bit.ly/Globe5GDevices.
“We are ramping up our efforts to make Globe’s 5G technology more available and accessible to Filipinos, providing a better and seamless online experience. 5G’s unbeatable speeds and almost real-time latency opens a world of countless possibilities that Filipinos can look forward to as the country moves towards digitalization,” said Issa Guevarra-Cabreira, Globe Chief Commercial Officer.
Globe’s 5G outdoor coverage has hit 92 percent as of June this year in the National Capital Region (NCR), while nationwide the telco has 1,759 5G sites.
Based on Globe’s latest report, at least 92 percent of the National Capital Region now has Globe 5G outdoor coverage with Makati and Pateros having achieved 100 percent 5G coverage, followed by Marikina at 99 percent. This is followed by Taguig, Mandaluyong and Caloocan which are at 98 percent 5G coverage, while San Juan is at 97 percent.
Among the CBDs, Ortigas CBD has 98 percent 5G coverage, followed by Makati CBD and BGC CBD now with 97 percent 5G coverage.
5G is now accessible in 85 percent of Cebu City; 77 percent of Boracay Island; 75 percent of Bacolod City and 66 percent of Iloilo City.
In Mindanao, 5G is now accessible in 77 percent of Davao City and 80 percent of Cagayan De Oro City. Globe is also working on installing 7 new 5G cell towers in General Santos City and 4 in Zamboanga City.
Globe has consistently pushed for innovation and new technologies with its leadership in mobile data, content, 3G, LTE, and now with 5G technology. It is the first mobile operator in Southeast Asia to commercially launch 5G AirFiber for Home use in the second quarter of 2019.
Globe strongly supports the United Nations Sustainable Development Goals, specifically UN SDG No. 9, which aims to build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation. The company is committed to upholding the United Nations Global Compact principles and 10 UN SDGs.
Globe’s resident venture builder, 917Ventures, is celebrating two years of innovative solutions that address everyday challenges. As a way to thank digital platform users and the general public for their strong patronage, 917Ventures is holding a month-long promo this August in partnership with its portfolio companies.
Consumers may enjoy the following vouchers by visiting the links below to claim the following perks:
● 10% off on PureGo groceries: https://917ventures.com/hbd-pg
● Free One Month consultation from KonsultaMD: https://917ventures.com/hbd-
● 10% off on any SHOOR experience from AdSpark: https://917ventures.com/hbd-as
● Free delivery on Generika products from RUSH: https://917ventures.com/hbd-ru
● Free UPSTREAM ticket for any movie: https://917ventures.com/hbd-h2
“This is our simple way of expressing our appreciation and gratefulness to millions of Filipinos who have allowed us to improve their lives through our technology platforms. We are always pushing the envelope in technology and how it can help solve nagging pain points,” said Vince Yamat, 917Ventures Managing Director.
In the past two years alone, 917Ventures, the country’s largest corporate venture builder wholly-owned by Globe, has vetted over 300 big ideas and has funded and launched 20, three of which -- Benta, Fanlife, and KodeGo -- were already launched early this year as an operating venture.
There are more in the pipeline as the venture builder is focused on making ideas ripe for disruption come to life in the fields of FinTech, AdTech, EduTech, HealthTech, E-commerce, Data, and Loyalty industries.
On 917Ventures’ vision for the next year, Yamat added: “We’re setting our sights on the ‘next GCash’ and are very optimistic as we move forward towards another year of incubating and accelerating next-generation businesses that will not only help people but also further national development.”
The company has the unique advantage of leveraging Globe’s 84 million customer base, 150,000 enterprise partners, over a million distribution points, and access to Globe and Ayala assets. This ensures that ventures can scale fast and reach more consumers.
To discover more ideas that can be turned into viable endeavors, 917Ventures has started Velocity late last year. The three-month bootcamp brings external talents to provide them the opportunity to create ventures with the growth levers and network advantage of operating within 917Ventures and Globe. Velocity has already run two batches with 260 applications. The third batch is set to commence in October.
Among 917Ventures’ largest and widely-used portfolio companies include GCash, the No. 1 e-wallet in the Philippines; KonsultaMD, today’s largest telehealth company; HealthNow, the leading healthcare integrator in the Philippines; AdSpark, a full-service, data-driven marketing agency; RUSH, a loyalty-as-a-service and e-commerce provider; and PureGo, a smooth and affordable online grocery shopping.
The Globe Group strongly supports the United Nations Sustainable Development Goals (UN SDG), particularly UN SDG No. 9, on the importance of infrastructure and innovation as significant drivers for economic growth and development. It is committed to upholding the UN Global Compact principles and contributing to 10 UN SDGs.
The significant increase in profit was driven by exceptional revenue growth from Php 3.5 billion to Php 5.1 billion derived from real estate sales. The figure covers a range of housing developments catering to buyers from various segments with 47% attributed to CLI’s economic brand Casa Mira which also posted the highest growth of 206% year-on-year propelled by solid sales and increases in construction progress.
The listed firm further confirmed that construction activity in its ongoing project sites is now on average 97%. It is in full swing in major sites like Cebu, Dumaguete and Bohol while others post activity at 90% and higher, hampered only by quarantine restrictions.
Strong and stable demand for safe and quality homes due to the pandemic, from buyers across the spectrum pushed reservation sales up 12% to a record Php 8.3 billion from Php 7.4 billion year-on-year. Six residential projects worth Php 11 billion bearing CLI’s economic, mid- and high-end brands were launched in H1 2021 in Cebu, Iloilo and Ormoc.
Real estate sales will be complemented by recurring income from CLI’s leasing and hotel business currently hampered by the pandemic but has been timed to roll out as the local and global economy fully recover from the aftermath of COVID 19. CLI is growing its hotel portfolio to 1,433 rooms by 2025 when the tourism industry is anticipated to already bounce back. Earlier this year, the listed company launched Sofitel Cebu City, Mercure Cebu City and Abaca Resort Mactan which will account for a total of 487 rooms. Latitude Corporate Center was also completed, which added 13,000 sq.m of gross leasable area. This enabled the company to report 29,051 sq.m in GLA for the first half of 2021, double of year-end 2020. In four to five years, the recurring business is projected to contribute 10% to CLI’s top line.
In the meantime, the completion of five projects in H1 2021 has also strengthened operating cashflows generating Php 5 billion in collections upon take-out and turnover. To date, CLI has 40 completed projects while 36 are under construction and 14, in the pipeline.
To further sustain its long-term growth, the VisMin company acquired four hectares in Panglao, Bohol and expansion sites for existing Casa Mira projects. Over 200 hectares of high valued sites are under negotiation and agreements expected to be reached in H2 2021.
CLI is proactively launching new projects to ensure adequate inventory to serve strong market segments, said Jose Soberano III, CLI CEO. “Housing has proven to be resilient and sustainable since it is now, more than ever, considered a basic need especially with the extended pandemic.”
The company showed strong resiliency in 2020 and into 2021, being able to thrive in the midst of lockdowns and economic impact of the pandemic. Quickly adapting to the new normal, Soberano further emphasized: “We spot opportunities in the middle of all these challenges. The low-interest rate environment and tax measures that favor mid- and economic home buyers inspire us to persist in executing our project plans with agility and excellence. We are anticipating to exceed our year-end guidance by the end of the year.”
“We intend to continue benefiting from our core business – housing – while preparing for new opportunities that global recovery and tourism will bring. We are confident VisMin will be at the forefront of this revival.”
Exclusive promos and incentives await buyers who want to embrace their dream homes as leading developer in VisMin Cebu Landmasters, Inc. (CLI) is set to launch the second edition of its much-anticipated CLI Homefest from August 18 to October 18.
After a successful run early this year, the CLI Homefest returns for the second time around to help future homeowners avail of their dream homes by enjoying extraordinary perks and comfortable payment terms.
The CLI Homefest is a virtual sales event that showcases the listed company’s safe and secure residential developments that are up for grabs in all of its 15 key cities in Visayas and Mindanao. This includes projects currently available in CLI’s inventory, featuring three of its coveted residential segments, Casa Mira, Garden Series, and Premier Masters.
Participating residential brands across Vismin include Casa Mira, Velmiro Heights, One Paragon Place, Terranza Residences, Mandtra Residences, One Astra Place, Base Line Prestige, Citadines Paragon Davao and 38 Park Avenue.
CLI further elevates this buyer journey with an exclusive buyer-seller raffle promo that offers customers and partner sellers with an array of incentives for every reserved unit, such as hotel accommodations, appliances, gadgets, gift certificates and more.
Buyers who reserve a unit during the homefest are entitled to promo discounts on selected projects and a P50,000 worth of appliance gift certificate, which will be given upon turnover of the unit. Some projects also offer stretched equity payment of up to 48 months to ensure buyers enjoy comfortable payment terms amid the pandemic.
Cebu Landmasters recently achieved record high reservation sales of P8.5 billion in the first half of the year, a 14 percent increase from the previous year. In addition, the company remains on target to help fill the Vismin housing backlog in the Philippines, as reported by Leechiu Property Consultants.
The CLI homefest is one of the various initiatives of CLI, as it amplifies its digital presence to streamline growing buyer inquiries by digitizing end-to-end transactions through various channels.
“Through the CLI Homefest, it’s also high time we give back to our patrons, especially those who are looking for safe and secure homes in this time of the COVID-19 pandemic,” said Yulo.
To ensure that employees remain healthy and protected against the dreaded Coronavirus disease (COVID-19), STEAG State Power Inc. will administer its first batch of the company-procured AstraZeneca vaccines under its COVID-19 Vaccination Program. The program is intended to inoculate not just SPI’s regular employees but also its sub-contractors, dependents and community stakeholders.
Around 7,000 doses of AstraZeneca COVID-19 vaccines were purchased through Aboitiz Power and Go Negosyo/BDO Foundation, under the private sector-led ‘A Dose of Hope’ program. It is a tripartite initiative among the private sector, the government, and the British drugmaker AstraZeneca in support for the National Immunization Program of the government that seeks to achieve herd immunity by year end.
Initially, around 198 doses will be administered to SPI power plant employees and sub-contractors. This will be held tomorrow at the Mindanao Power Plant, certified by DOH-X as its vaccination facility for the administration of the vaccines. Just recently, 44 SPI Head Office employees in Makati together with their dependents completed their first dose of the company- sponsored vaccination.
SPI Power Plant Manager, Dr. Carsten Evers encouraged all its employees to be vaccinated from the dreaded COVID-19 virus. “It is management’s desire that all members of the team get vaccinated so that employees are not only kept healthy and protected, they can also continue to serve and help SPI keep its commitment of providing power to the island of Mindanao especially in this challenging time,” he said. “The benefit of being vaccinated is not just for you, your family, but for the whole community. So, let us help our government achieve herd immunity and look forward to a return to a much better normal for everyone,” Dr. Evers further said.
SPI has partnered with Reliance Care Inc., a subsidiary of Unilab for the end to end COVID-19 Vaccine Administration Program for SPI. This is also in coordination with the Department of Health-X and the Local Government Unit of Villanueva, through its Municipal Health Office.
The succeeding COVID-19 vaccine administration is still to be coordinated in time with the next vaccine delivery.
SPI’s COVID-19 Vaccination Program supports the government’s efforts to vaccinate qualified adults and help reduce the risks of infection amidst this time of pandemic.
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