Monday, October 17, 2011
ENCOURAGED by the growing number of foreign and local tourists who prefer faster travel to island destinations, Cebu-based local carrier Mid-Sea Express announced its expansion to the cities of Cagayan de Oro and Davao.
The company also said it is scheduled to get a new aircraft before the end of the year.
Mid-Sea Express general manager Erlon Ryan Libiran said they are optimistic about their business prospects because of the growing demand for short hub flights in the aviation industry. He said foreign and local tourists prefer faster transport services to the country’s island destinations.
Mid-Sea Express is a new player in the aviation industry. It first served the Cebu-Bohol route since it started operation this year. The company later added new routes to Bantayan, Camiguin, Siquijor and Caticlan.
Unserved areas
“The goal is to mount flights on unserved areas,” Libiran said during the company’s launching last Friday.
Libiran said their airlines operate on a non-scheduled basis, allowing them to cater to a particular niche market. He said Koreans, who compose Cebu’s top travel market, are among their leading clients.
Cebu recorded 206,885 Korean arrivals in the first seven months of this year.
According to the company, it wanted to promote tourism within smaller islands while still serving the routes and destinations that are in high demand.
“With the large and increasing tourist demand in Bohol, the Cebu-Bohol flights are helping increase the island’s chances of making a name among the world’s travelers, just as Boracay recently did in a recent worldwide publication,” the company said.
The company currently maintains two planes with a combined capacity of 18 passengers.
Mid-Sea Express flies 400 to 500 passengers a month. Later this year, Libiran said the company will mount additional flights to the cities of Davao and Cagayan de Oro.
The has purchased a 21-seater British Aesrospace Jetstream 32,which it expected to be delivered next month.
The new aircraft will complement its existing routes from Cebu to Bantayan, Bohol, Siquijor and Camiguin.
Urgent issues
The company also expects the delivery of a 107-seater Fokker 100 by the third quarter of 2012.
While the company expressed optimism in the industry, Libiran said the government should address urgent issues besetting the industry such as the open skies policy and the aviation safety system.
“The industry’s downgrade by the US Federal Aviation Administration (FAA) to Category 2 hinders airline carriers from mounting flights to other countries and bringing additional foreign tourists to the country. This would also hinder small players like us from getting into their network and system,” Libiran said.
While the open skies policy is beneficial to the industry, Libiran said it should include reciprocity to also allow small players to serve other countries.
Published in the Sun.Star Cebu newspaper on October 18, 2011.
Biyernes, Oktubre 21, 2011
CCCI awarded best chamber
By Katlene O. Cacho
Sunday, October 16, 2011
THE Cebu Chamber of Commerce and Industry (CCCI) was awarded “Most Outstanding Chamber in the Philippines” this year by the Philippine Chamber of Commerce and Industry (PCCI).
The award was given during the 37th Philippine Business Conference and Exposition last Oct. 12 to 14 in Manila Hotel.
CCCI said the latest award is the chamber’s fifth, after it received the same honors in 2006, 2005, 1996 and 1995. CCCI was also named a “Hall of Fame” awardee last 2007.
“Being the largest business organization in Visayas and Mindanao, CCCI never rested on being resilient especially in this challenging era of business dynamism. Having been known to be an active ally of both public and private parties, CCCI remains steadfast in its advocacy in the promotion of a healthier business community within its area of responsibility and beyond,” CCCI said in a statement.
The recent three-day conference focused on public-private partnership, the core program of the Aquino administration, and how collaboration between government and private sector can create a more competitive business and investment climate.
CCCI said that 2011 has been a very vibrant year for the organization after winning two prestigious awards. CCCI also won the bid to host the Confederation of Asia Pacific Chamber of Commerce and Industry Conference in March 2013.
Published in the Sun.Star Cebu newspaper on October 17, 2011.
Sunday, October 16, 2011
THE Cebu Chamber of Commerce and Industry (CCCI) was awarded “Most Outstanding Chamber in the Philippines” this year by the Philippine Chamber of Commerce and Industry (PCCI).
The award was given during the 37th Philippine Business Conference and Exposition last Oct. 12 to 14 in Manila Hotel.
CCCI said the latest award is the chamber’s fifth, after it received the same honors in 2006, 2005, 1996 and 1995. CCCI was also named a “Hall of Fame” awardee last 2007.
“Being the largest business organization in Visayas and Mindanao, CCCI never rested on being resilient especially in this challenging era of business dynamism. Having been known to be an active ally of both public and private parties, CCCI remains steadfast in its advocacy in the promotion of a healthier business community within its area of responsibility and beyond,” CCCI said in a statement.
The recent three-day conference focused on public-private partnership, the core program of the Aquino administration, and how collaboration between government and private sector can create a more competitive business and investment climate.
CCCI said that 2011 has been a very vibrant year for the organization after winning two prestigious awards. CCCI also won the bid to host the Confederation of Asia Pacific Chamber of Commerce and Industry Conference in March 2013.
Published in the Sun.Star Cebu newspaper on October 17, 2011.
CBP reports accelerated development
By Katlene O. Cacho
Thursday, October 13, 2011
AYALA-LED Cebu Business Park (CBP) reported an accelerated growth in construction this year with six ongoing developments and two more to start within the year.
Property developer Cebu Holdings Inc. (CHI) said that upon completion, these projects will bring in a total of over 118,000 square meters (sq.m) of gross floor area for office, residential and commercial purposes.
Its major project, the Ayala Center Cebu expansion, is expected to bring in over 36,000 sq.m. of additional leasable space. CHI said the expansion, which is set to be completed by 2013, would strengthen the mall’s positioning as shopping, dining and entertainment destination in Cebu.
CHI also reported that City Sports Club is also undergoing major enhancement.
CHI is a subsidiary of AyalaLand Inc.
For its residential components, CHI said construction of AyalaLand Premier’s 1016 Residences and Alveo’s project Sedona Parc are both underway. The two projects are scheduled to be completed in 2014.
1016 Residences is a 24-storey residential condominium that will have 109 units of “country club living” while Sedona Parc is a 21-storey building that will offer 114 units of “designer living.”
Also under construction are residential condominiums Avalon and Calyx Residences.
The company said the buildup of both residential and property developments at CBP is fueled by the confidence and optimism of local investors on the country’s booming real estate industry as well as CBP’s accreditation from the Philippine Economic Zone Authority (Peza) as an information technology (IT) Park.
Largest
The CBP is currently the largest operating Peza-accredited IT park in the country that houses top local and international corporations ranging from major banks and IT-BPO companies.
In a separate interview, Senator Ferdinand “BongBong” Marcos Jr. said the real estate industry (both property and residential developments) will continue to sustain its growth in the short and medium term.
He cited the strong inflow of overseas remittances and expansion of BPO companies as factors that would affect the demand of more office, commercial and residential requirements in the country.
Philippine Association of Real Estate Board president Ariel Martinez said that real estate in Cebu is growing at an average of 15 to 20 percent, which is faster than that of Manila. He said while Metro Manila is becoming saturated, the trend of developments now is directed towards regional areas.
Published in the Sun.Star Cebu newspaper on October 14, 2011.
Thursday, October 13, 2011
AYALA-LED Cebu Business Park (CBP) reported an accelerated growth in construction this year with six ongoing developments and two more to start within the year.
Property developer Cebu Holdings Inc. (CHI) said that upon completion, these projects will bring in a total of over 118,000 square meters (sq.m) of gross floor area for office, residential and commercial purposes.
Its major project, the Ayala Center Cebu expansion, is expected to bring in over 36,000 sq.m. of additional leasable space. CHI said the expansion, which is set to be completed by 2013, would strengthen the mall’s positioning as shopping, dining and entertainment destination in Cebu.
CHI also reported that City Sports Club is also undergoing major enhancement.
CHI is a subsidiary of AyalaLand Inc.
For its residential components, CHI said construction of AyalaLand Premier’s 1016 Residences and Alveo’s project Sedona Parc are both underway. The two projects are scheduled to be completed in 2014.
1016 Residences is a 24-storey residential condominium that will have 109 units of “country club living” while Sedona Parc is a 21-storey building that will offer 114 units of “designer living.”
Also under construction are residential condominiums Avalon and Calyx Residences.
The company said the buildup of both residential and property developments at CBP is fueled by the confidence and optimism of local investors on the country’s booming real estate industry as well as CBP’s accreditation from the Philippine Economic Zone Authority (Peza) as an information technology (IT) Park.
Largest
The CBP is currently the largest operating Peza-accredited IT park in the country that houses top local and international corporations ranging from major banks and IT-BPO companies.
In a separate interview, Senator Ferdinand “BongBong” Marcos Jr. said the real estate industry (both property and residential developments) will continue to sustain its growth in the short and medium term.
He cited the strong inflow of overseas remittances and expansion of BPO companies as factors that would affect the demand of more office, commercial and residential requirements in the country.
Philippine Association of Real Estate Board president Ariel Martinez said that real estate in Cebu is growing at an average of 15 to 20 percent, which is faster than that of Manila. He said while Metro Manila is becoming saturated, the trend of developments now is directed towards regional areas.
Published in the Sun.Star Cebu newspaper on October 14, 2011.
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