While the Fastbreak Charity Basketball and Volleyball Game and Gerald-Kiefer Basketball Clinic float where they joined by makeup artist Mickey See, ELRO Retail Corporation head of marketing Cecille Loretizo and marketing supervisor Cel Paderes, Stephanie Tugadi, Nina Canares, Pinky Reedus-Villegas, Zsaris Mendioro, Aia de Leon and Marco de Leon, Karlen Fajardo, Star Magic artists Gerald Anderson, Shaina Magdayao, Sam Milby, Xian Lim, Arron Villaflor, Jessy Mendiola, JC de Vera, Ejay Falcon and Ellen Adarna, VIVA artists Anne Curtis and James Reid, indie film actors Ran Domingo, Kenjie Garcia, Paolo Rivero, Janvier Daily, and Andrew Miguel, Coach Atoy Co, “NBA 3x3” Philippines celebrity basketball players Andy Smith and Alex Crisano, basketball coaches Vince Hizon and Allan Gregorio, Perlas Pilipinas women’s national basketball team player Melissa Jacob, sports broadcasters Jinno Rufino, Mark Zambrano of GMA and Anton Roxas and Marco Benitez of ABS-CBN Sports and Manila’s top male models, De La Salle Zobel Junior Archer and Nestle MILO product endorser Prince Carlos, BEST Center’s Monica Jorge, MILO sports executives Robbie de Vera and Andrew Neri, 600 most promising cagers during the 2013 SBP-Passerelle Twin Tournament, LG Mobile Philippines Vice President Mr. Jay Won, LG product manager Faith Mijares, LG Electronics Philippines Managing Director Mr. Sung Woo Nam, LG Mobile ambassadors: renowned actress Maxene Magalona and UAAP basketball superstars Kiefer Ravena, Thomas Torres and Andre Paras, Von Pessumal, Joshua Torralba, Kiefer’s brother Thirdy Ravena, DLSU Green Archers Jeron Teng and Arnold van Opstal, Jodilly Pendre and Katarina Rodriguez, director Francis Xavier Pasion, actresses Janice de Belen and Coney Reyes, child performers Lukas Magallano, Ashley Sarmiento, Richmont Padayao, John Michael Gacayan, Giacobbe Whitworth, Miguel Vergara, Kazumi Porquez, Brenna Garcia, Raveena Mansukhani, Dentrix Ponce, Daniella Tolentino, Faye Alhambra, Vince Angeles and Marco Antonio Masa, GMA Artist Center talents Luis Alandy, Elmo Magalona, Arthur Solinap and Mike Tan, “Eat Bulaga!” co-host Jose Manalo, Precious Lara Quigaman’s husband, actor-model Marco Alcaraz, band vocalists Rico Blanco and Champ Lui Pio, TV5 Kapatid star Derek Ramsay, Lemuelle Pelayo, “It’s Showtime” hosts Billy Crawford, Coleen Garcia, Jhong Hilario and Vhong Navarro, PBA Rain or Shine’s Chris Tiu and TY Tang, Ervic Vijandre, Arjo Atayde, Joe Vargas, Gab Valenciano, model, basketball and football player Jon Hall and James and Jim Salas, collegiate basketball players Robert Bolick, Hubert Cani, Arvin Tolentino, Clint Doliguez, John Apacible, Bobby Ray Parks, Troy Rosario, Kevin Alas, Garvo Lanete, Jake Pascual, Chris Newsome, Baser Amer, Alfonso Gotladera, Nico Elorde, Kib Montalbo, Sudan Daniel, Norbert Torres, Aljon Mariano, Almond Vosotros, Prince Rivero, Roi Sumang, Kris Porter, Mikee Reyes, Chris Javier, Mark Belo, Mike Tolomia, Bong Galanza, Jonathan Grey, Andretti Stevens, Roger Pogoy and Matthew Aquino, former PBA players Jerry Codiñera and Bong Ravena, Gilas Pilipinas players Japeth Aguilar, LA Tenorio, Larry Fonacier and Jeff Chan, 2012 UAAP Juniors Mythical Five awardee Renzo Subido, UAAP basketball standout Jerie Pingoy, indoor volleyball players Dzi Gervacio, Jem Ferrer, Fille Saint Merced Cainglet-Cayetano, A Nacachi, Rachel Anne Daquis, Jovelyn Gonzaga, UAAP season 76 MVP for women’s volleyball Ateneo Lady Spiker Alyssa Valdez, Denden Lazaro, volleyball coach Charo Soriano, Marge Tejada, Bea de Leon, Melissa Gohing, Mary Jean Balse, Mayeth Carolino, Michelle Carolino, Ella De Jesus, Kara Acevedo, Karla Bello, Stephanie Gabriel, Mae Tajima, Jayson Ramos, Maica Morada, Michelle Laborte, Sasa Devanadera, Grethcel Soltones, Joy Benito, Rubie De Leon, Mae Crisostomo, Ynna Hao, Tina Salak, JP Torres, Dahlia Cruz, Nene Bautista, Aiza Maizo, Maika Ortiz, Rhea Dimaculangan, Denise Tan, Venus Bernal, Jheck Dionela, Angge Tabaquero, Abby Praca, Bea Pascual, Bea Tan, Judy Caballejo, Maruja Banaticla, AJ Pareja, Myco Antonio, Henry Pecana, Mark Alfafara, Dindin Santiago, Jaja Santiago, Kathy Bersola, Princess Gaiser, Shiela Marie “Bang” Pineda, Mayette Zapanta, Rosemarie Vargas, Jen Reyes, Princess Listana, Angela Benting, Pau Soriano, Lizlee Ann Gata-Pantone, Edwin Tolentino, Peter Den Mar Torres, Michelle Gumabao, Cha Cruz, Stephanie Mercado, Jeshul Wensh Tiu, Abigail Marano, Mika Esperenza, Kim Fajardo, Mika Reyes, Victonara Galang, Camille Cruz, Cienne Cruz and Cyd Demicillo, Renz Casanova, Chris Macasaet, Philip Cerveza, Mark Lee, Jopet Movido, Red Christensen, Joanne Siy, Loren Lantin, Mia Hirotsuji, Pamela Lastimosa, Ingrid Reyes, Jessey De Leon, Tricia Santos, Carmela Tunay, Chloe Cortez, Alex Cabanos, Patricia Rasmo, Illa Santos, Joanne Bunag, Suzanne Roces, Jacqueline Alarca, Ers Iratay, and men’s fashion blogger David Guison, Vina Guerrero, Paul Chuapoco, Chinchin Obcena, Kerwin King.
Monday, November 28, 2016
Villars to build 10 new malls in 2 years Read more: http://business.inquirer.net/220334/villars-build-10-new-malls-2-years#ixzz4RGnZpWnR Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
Villar family-led Vista Land & Lifescapes (VLL) plans to invest around P18 billion to build 10 new shopping malls in the next two years—a massive expansion program that will catapult it to the ranks of the country’s leading shopping mall developers.
In a chat with business reporters Friday, VLL founder and chair Manuel Villar Jr. said the additional portfolio would consist of seven new “Vista Malls” and three smaller malls to be called “Vista Places.”
These were seen to expand VLL’s shopping mall footprint nationwide to 1.3 million square meters (sq m) in gross floor area (GFA) by 2018, which could subsequently boost the company’s recurring income. At present, VLL has 17 shopping malls with a combined GFA of 910,000 sq m.
As some of these shopping malls become operational by 2017, around 30 percent of VLL’s cash flow (as measured by earnings before interest, taxes, depreciation and amortization) will come from recurring earnings.
In the first nine months of 2016, the leasing portfolio accounted for 23 percent of VLL’s cash flow while 77 percent was contributed by the residential development business.
Vista Place is a smaller retail hub with a GFA of about 15,000 sq m while a Vista Mall has at least 30,000 sq m.
The three new Vista Place malls will be built in Malolos, Bulacan; Kawit, Cavite; and Cagayan de Oro City. The new Vista Malls will rise in Iloilo City, Davao City, Dasmariñas in Cavite, two in Bacoor, and two in Las Piñas.
VLL, which also recently gobbled up the operations of affiliate Starmalls, has become more aggressive in shopping mall expansion in the last three years. Villar said this proved lucky because the company was able to build new malls with more innovative designs.
He said rising consumer affluence had boosted prospects for the shopping mall business. Worsening traffic in urban areas had also made it more preferable for consumers to look for shopping hubs closer to their communities.
“We are bringing our malls closer to our customers’ homes so they do not have to travel far and can avoid heavy traffic. But our malls are complete with dining and shopping options as well as state-of-the-art cinemas,” he said.
Villar vowed VLL’s new malls would be designer-friendly in order to attract both the affluent and the broader market.
“All our malls will have an upscale feel but are not intimidating. They will cater to everybody. We came in at a time when consumers have higher spending power and the market standard for malls is leveling up,” said Villar.
All these malls will be anchored by the Villar’s homegrown retail brands: AllHome, AllDay Supermarket, AllToys, The Coffee Project and AllShop department store.
Read more: http://business.inquirer.net/220334/villars-build-10-new-malls-2-years#ixzz4RGnqY517
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P5.6T PPP projects in the pipeline By ANGELA CELIS November 28, 2016
The Duterte administration has 38 public-private partnership (PPP) projects in the pipeline with an indicative cost of P5.608 trillion, data from the PPP Center showed.
According to the PPP Center’s status of projects as of November 16, only 17 or less than half of the total projects in the pipeline have an estimated cost, with the rest yet to be determined.
Of the said projects, 11 are under procurement, which means that prospective bidders can conduct due diligence in preparing their prequalification documents or bidding documents.
The PPP Center said this stage also involves government’s evaluation of bids submitted by the qualified bidder.
These projects include the operations, maintenance and development of the New Bohol (Panglao) Airport (P4.57 billion), Laguindingan Airport (P14.62 billion), Davao Airport (P40.57 billion), Bacolod Airport (P20.26 billion) and Iloilo Airport (P30.4 billion).
Also under procurement are the operation and maintenance of Light Rail Transit (LRT) line 2 (no capex), Davao Sasa Port Modernization Project (P18.99 billion), Road Transport Information Technology Infrastructure Project (Phase II) (P0.298 billion), New Centennial Water Source-Kaliwa Dam Project (P18.72 billion), Regional Prison Facilities through PPP Project (P50.20 billion) and the LRT-6 (P65.09 billion).
Meanwhile, projects approved for procurement are the NAIA PPP (P74.56 billion) and the New Nayong Pilipino at Entertainment City (P1.47 billion).
The list also showed that three projects are currently undergoing evaluation by the appropriate government body: the Philippine National Railways-South (P213.99 billion), Philippine Travel Center Complex (P1.75 billion) and the Batangas-Manila 1 Natural Gas Pipeline (P14.72 billion).
The Manila Bay Integrated Flood Control, Coastal Defense and Expressway Project, with the biggest indicative cost at P5.034 trillion since it includes P4.498 trillion in reclamation cost, is also under evaluation.
Another upcoming project for evaluation is the East-West Rail Project, with indicative cost still to be determined (TBD), while those undergoing pre-investment studies are the Integrated Transport System-North Terminal Project (P4.21 billion), Rural Dairy Industry Development Project (TBD) and the Judiciary Infrastructure Development through PPP Project (TBD).
There are 17 projects at the earlier stages of project conceptualization and development, with implementing agencies currently assessing their level of priority and whether these will be undertaken using the PPP scheme.
These are the Manila Heritage and Urban Renewal Project, Clark Green City Food Processing Terminal, Central Spine Roll-on/Roll-off, Manila East-Rail Transit System, R1-R10 Link Mass Transport System Development Project, LRT-4, Central Luzon Link Expressway Phase II, Cabanatuan-San Jose Section and operation and maintenance of Phases I and II Project, and the operation, maintenance and improvement of Kennon Road and Marcos Highway.
Also under conceptualization are the rehabilitation of the National Center for Mental Health, North Luzon Expressway East Expressway, Camarines Sur Expressway, PPP for School Infrastructure Project Phase III, Sucat Gas Power Plant, Duty Free Retail Development Project, Motor Vehicle Inspection System, Laguna Lakeshore Expressway Dike and the Clark International Airport Project.
In August, Carlos Dominguez III, Department of Finance (DOF) secretary, said the Duterte administration would reverse the underspending of the past by launching “hundreds of infrastructure projects over the next few years,” including PPP and government-led projects.
The finance chief then said PPPs are ideal for large projects of long-term duration.
“That makes it possible to take advantage of the strengths of partnerships with private corporations,” Dominguez said.
“Small, short-term projects often turn out to be more expensive for government eventually because of related costs such as the hiring of consultants and multiple Cabinet-level approvals,” he added.
In a statement over the weekend, the DOF reiterated that the Duterte administration is planning to spend P860.7 billion on large-scale infrastructure projects next year, which represents 5.4 percent of the country’s gross domestic product.
This amount is about P100 billion more than the 2016 outlay of P756.4 billion, said AntonetteTionko, DOF undersecretary.
According to the PPP Center’s status of projects as of November 16, only 17 or less than half of the total projects in the pipeline have an estimated cost, with the rest yet to be determined.
Of the said projects, 11 are under procurement, which means that prospective bidders can conduct due diligence in preparing their prequalification documents or bidding documents.
The PPP Center said this stage also involves government’s evaluation of bids submitted by the qualified bidder.
These projects include the operations, maintenance and development of the New Bohol (Panglao) Airport (P4.57 billion), Laguindingan Airport (P14.62 billion), Davao Airport (P40.57 billion), Bacolod Airport (P20.26 billion) and Iloilo Airport (P30.4 billion).
Also under procurement are the operation and maintenance of Light Rail Transit (LRT) line 2 (no capex), Davao Sasa Port Modernization Project (P18.99 billion), Road Transport Information Technology Infrastructure Project (Phase II) (P0.298 billion), New Centennial Water Source-Kaliwa Dam Project (P18.72 billion), Regional Prison Facilities through PPP Project (P50.20 billion) and the LRT-6 (P65.09 billion).
Meanwhile, projects approved for procurement are the NAIA PPP (P74.56 billion) and the New Nayong Pilipino at Entertainment City (P1.47 billion).
The list also showed that three projects are currently undergoing evaluation by the appropriate government body: the Philippine National Railways-South (P213.99 billion), Philippine Travel Center Complex (P1.75 billion) and the Batangas-Manila 1 Natural Gas Pipeline (P14.72 billion).
The Manila Bay Integrated Flood Control, Coastal Defense and Expressway Project, with the biggest indicative cost at P5.034 trillion since it includes P4.498 trillion in reclamation cost, is also under evaluation.
Another upcoming project for evaluation is the East-West Rail Project, with indicative cost still to be determined (TBD), while those undergoing pre-investment studies are the Integrated Transport System-North Terminal Project (P4.21 billion), Rural Dairy Industry Development Project (TBD) and the Judiciary Infrastructure Development through PPP Project (TBD).
There are 17 projects at the earlier stages of project conceptualization and development, with implementing agencies currently assessing their level of priority and whether these will be undertaken using the PPP scheme.
These are the Manila Heritage and Urban Renewal Project, Clark Green City Food Processing Terminal, Central Spine Roll-on/Roll-off, Manila East-Rail Transit System, R1-R10 Link Mass Transport System Development Project, LRT-4, Central Luzon Link Expressway Phase II, Cabanatuan-San Jose Section and operation and maintenance of Phases I and II Project, and the operation, maintenance and improvement of Kennon Road and Marcos Highway.
Also under conceptualization are the rehabilitation of the National Center for Mental Health, North Luzon Expressway East Expressway, Camarines Sur Expressway, PPP for School Infrastructure Project Phase III, Sucat Gas Power Plant, Duty Free Retail Development Project, Motor Vehicle Inspection System, Laguna Lakeshore Expressway Dike and the Clark International Airport Project.
In August, Carlos Dominguez III, Department of Finance (DOF) secretary, said the Duterte administration would reverse the underspending of the past by launching “hundreds of infrastructure projects over the next few years,” including PPP and government-led projects.
The finance chief then said PPPs are ideal for large projects of long-term duration.
“That makes it possible to take advantage of the strengths of partnerships with private corporations,” Dominguez said.
“Small, short-term projects often turn out to be more expensive for government eventually because of related costs such as the hiring of consultants and multiple Cabinet-level approvals,” he added.
In a statement over the weekend, the DOF reiterated that the Duterte administration is planning to spend P860.7 billion on large-scale infrastructure projects next year, which represents 5.4 percent of the country’s gross domestic product.
This amount is about P100 billion more than the 2016 outlay of P756.4 billion, said AntonetteTionko, DOF undersecretary.
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