Aquino gives preview on mining policy

MANILA, Philippines - President Benigno Aquino on Tuesday gave a preview of the executive order that he will issue to spell out his administration's policy on mining.

In a forum with members of the People Power Volunteers for Reform, Aquino reiterated that he prefers an increase in the share that the government gets from mining proceeds.

"A very simplistic way of looking at it: One hundred percent of the problem, if there becomes a problem, is our problem. But of the proceeds, only 2% is ours to take care of the 100% of the problem. Hindi yata fair. So there has to be an increase in what government gets," he said.

He also said that at least 78 eco-tourism sites "will not be exploitable to mining interests."

Aquino said various stakeholders are now going through the draft of executive order for their final inputs before he signs it.

"Last time na ilagay na ninyo ang inputs nyo. Agree ba kayo dito sa nakalagay na ito tapos magkakapirmahan tayo dito. I’m still awaiting yung pagbalik sa akin ng last go-around of this EO," he said.

AirAsia PH starts Puerto Princesa flights

CLARK, Pampanga  - Budget airline AirAsia on Friday launched its maiden flight from Clark International Airport to Puerto Princesa City, Palawan.

The flight coincides with the formal awarding of Puerto Princesa Underground River as one of the 7 New Wonders of Nature this weekend.

The first AirAsia flight to Puerto Princesa PQ7015 left Clark at 5:50 p.m. The flight included 40 delegates from the Philippine Swimming League, who will compete in Palawan.

"Puerto Princesa is the gateway to Palawan’s wealth of wonders and diverse eco-tourism offerings. Its new found fame as one of the new seven wonders of nature has generated a lot of interest from both local and international tourists. But beyond these must-see tourist spots and natural wonders, AirAsia brings awesome connectivity between these provinces and even beyond," AirAsia Inc. CEO Maan Hontiveros said.

Palawan has several tourist attractions such as Tubbataha Reef, Honday Bay, Palawan Wildlife Rescue and Conservation Center, and the famous Puerto Princesa Underground River (PPUR). The PPUR was voted as one of the seven wonders of nature.

AirAsia began its flights in the Philippines last March 28, with its flights to Kalibo, gateway to the world-famous Boracay, and Davao City.

Hontiveros said tourists from Central and Northern Luzon, as well as those in the northern part of Metro Manila, will now have access to flights to Palawan.

"In the same way that Palawan has a new and better access to Luzon other AirAsia destinations across Asia and Australia," she added.

AirAsia is currently offering a one-way fare to Puerto Princesa for just P799, including base fare, fuel surcharge, processing fees and other government taxes. The promotional sale for Puerto Princesa flights will run through April 22. Travel will be from April 23  to July 31 2013.

Hotel group to invest $200 million in PH

MANILA, Philippines - Concept hotel developer H20 Ventures, Inc. plans to invest up to $200 million over the next few years to develop five new hotels in the country.

First rise along Kalayaan Avenue and Makati City in the second half of 2014 is a P2 billion modern five-star hotel developed by H20 Ventures Inc. and global hotel concept developer WorldHotels, the first of a series of concept hotels to be developed by the two firms in the next five years.

H20 Ventures is the developer of the Ocean Park Manila and the marine-themed H2O Hotel within the park, while Germany-based World Hotels is the developer of 500 concept hotels in 265 destinations and 65 countries.

WorldHotel and Residences Makati is a 40-story development with 401 rooms. It is a 30-minute drive from the Makati business district and from the airport.It will have an alfresco dining and ground floor café and a roof deck bar. It will likewise has a function hall that can accommodate 400 guests.

The hotel is being designed by Suying Design, a Singapore-based interior and architecture firm, that has designed condominiums and commercial complexes in Hong Kong, India, China, Indonesia, Vietnam, Malaysia, and Singapore.

During the launch of the hotel yesterday, H2o Ventures president Lim Chee Yong also announced that the joint venture would be developing five concept hotels in the next decade and that they are already scouting for locations in Busuanga, Coron, Boracay and Cebu.

Aside from the new hotel in Makati, another WorldHotel property would be developed in Metro Manila.

Lim said the construction and management of the new Makati hotel would be borne by H20 Venture Inc., while the branding side would be taken cared of by WorldHotels.

The new hotel, like Hotel H20, would employ around 500 staffers.

“The partnership between Hotel H20 and WorldHotels has proven to be a mutually beneficial collaboration. WorldHotels branded hotel solutions offers one of the most flexible hotel models in the world for upscale independent properties and hotel groups,” he said.

“Adopting the WorldHotel brand enables quality independent hotel groups to position themselves internationally in the face of competition from global hospitality brands,” he added.

WorldHotels vice president for Asia-Pacific Roland Jegge said that with the government’s commitment to increase public spending for infrastructure and development of the tourism sector, the hotel business has great potential.

“Manila needs more hip hotels. The hotels that we have here were built a generation ago,” said Jegge.

He said WorldHotels also welcomes other property developers in the country who want to develop concept hotels that target the young market.

“We are fast to embrace other partners who want to develop their own hoteals. We allow owners to develop their own concept. No cookie cutter hotels,” he said.

WorldHotels provide partnerships with airlines, credit card firms, car rentals and travel firms.

It also provides marketing and branding services to its development projects.

PSEi hits new closing record

MANILA, Philippines - The Philippine Stock Exchange index (PSEi) closed at a new all-time high on Tuesday.

On Tuesday, the PSEi closed at 5,157.28, up 39.82 points or 0.80 percent. The previous closing record high was 5,145.89, which was set last March 16.

The PSEi also reached a fresh intraday high at 5,186.52, beating the previous record intraday level at 5,146.17 last March 19.

"While developments abroad continue to be a significant factor in dictating market movements, investor confidence in our local market remains strong which has enabled it to buck the downward trend in the region these past few days. This four-day rally shows that the market continues to withstand external shocks as it is supported by the Philippines' growth story," PSE president and CEO Hans B. Sicat said, in a statement.

As of April 17, the PSEi has grown by 18% or 785.32 points, year-to-date.

Ayala Land starts public offer of P15B bonds

MANILA, Philippines - Ayala Land Inc. (ALI) started its public offer of P15 billion bonds on Monday, which represent the property developer's largest debt issue to date.

The bonds consist of an aggregate principal amount of P10 billion with an oversubscription option of up to P5 billion. It will be issued in two tranches of 7 and 10 years.

ALI's public offer runs through 3:00 p.m. on April 23. The issue date for the bonds is on April 27.

"This offering represents the largest fundraising initiative by Ayala Land in the capital markets, exceeding its P10 billion note issue last year with a 15-year tranche, the longest tenor for a Philippine corporate institution," ALITreasurer Augusto D. Bengzon said.

"This is in step with Ayala Land's largest capital expenditure program to date of P37 billion, topping as well last year's record of P30 billion. This positions Ayala Land to achieve stronger results in 2012, having closed yet another banner year in 2011," he added.

ALI posted an all-time high net income attributable to equity holders of P7.4 billion in 2011, 31% more than the P5.46 billion recorded in 2010.

BPI Capital Corporation and The Hong Kong and Shanghai Banking Corporation Limited are joint lead managers and underwriters.

BDO Capital and Investment Corporation and First Metro Investment Corporation are co-lead managers and underwriters for the offering.

SBMA eyes Subic BPO city

MANILA, Philippines -- The Subic Bay Metropolitan Development Authority (SBMA) plans to develop a business process outsourcing (BPO) center inside the freeport zone, similar to the Ayala Techno Hub.

In a statement, SBMA chairman Roberto Garcia said the project could create as many as 20,000 jobs in five years.

“The SBMA is already developing what we call the Subic BPO City, which will be similar to the Ayala Techno Hub. We believe we can already provide BPO services here because we now have a workforce that’s well-trained in ICT,” he said.

The Ayala Land Techno Hub is a 20-hectare information technology center located in Quezon City. It is listed as an IT park by the Philippine Economic Zone Authority, which gives incentives to investors in information and communication technology (ICT).

Garcia said all technical infrastructure for the Subic BPO City are already prepared. He said the SBMA would also provide housing for professionals who would work in the center.

He noted that the BPO sector is growing by about 25 percent a year, remitting $13 million to the Philippine economy and is fast catching up with the $20 million annual remittance of overseas Filipino workers. The country now has more than 700,000 seats for call center agent services and business process outsourcing.

“We have already surpassed India in the field of BPO, and because of this, the future looks very bright for the Philippines,” he said.

Garcia said Subic has a skilled workforce that is English-proficient and computer literate.

“This is readily available in the Subic Bay area – a well-trained workforce well-versed in ICT. This will be a big boost to our dream to build a BPO City here,” he said.

Palace admonishes Llamas over pirated DVDs

MANILA, Philippines – Malacañang has admonished Presidential Political Adviser Ronald Llamas for purchasing pirated DVDs in a Quezon City mall last month.

In a letter penned by Executive Secretary Paquito Ochoa Jr., Llamas was also reminded to exercise good judgment in his personal endeavors.

“Taking into account your expression of ‘deep regret’ and your tender of an apology, you are hereby formally admonished and given a firm reminder that you should, in the future, observe a higher degree of circumspection and discretion even with regard to your private, non-official conduct,” Ochoa said.

Llamas was also advised to “act at all times with a high degree of prudence and propriety.”

While the purchase of bootlegged videos did not violate any law, the Palace warned Llamas of severe sanctions if he commits another act of impropriety in the future.

Llamas apologized to the President and verbally offered to resign during a meeting last Friday, but Aquino rejected it.

De Lima, Lacierda face disbarment for criticizing Corona

MANILA, Philippines - Justice Secretary Leila De Lima and Presidential Spokesperson Edwin Lacierda have been slapped with a disbarment case before the Supreme Court(SC) for "contemptuous" utterances and remarks against Chief Justice Renato Corona.

In a 5-page petition filed last January 16, lawyer Agustin Sundiam asked the high tribunal to allow the commencement of proceedings for the disbarment and/or suspension of respondents from the practice of law, and to impose disciplinary actions.

Sundiam said that by "echoing" what he called "contemptuous remarks" made by President Aquino against Chief Justice Renato Corona during the 1st National Criminal Justice Summit at the Manila Hotel last December 5, De Lima and Lacierda violated the Lawyer's Oath, the Code of Professional Responsibility, and the Rules of Court in the Philippines.

During the said event, which happened days before the initiation of an impeachment complaint against Corona by administration allies at the House of Representatives, President Aquino bashed Corona for being a "midnight appointee" of former President Gloria Macapagal Arroyo, and for supposedly being a roadblock in his reform agenda.

"[K]ung may isang lingkod-bayan na tumatanaw ng utang ng loob, hindi sa taumbayan na siyang dapat na bukas ng aming kapangyariha, kundi sa isang padron na isiniksik siya sa puwesto, maaasahan po kaya natin siyang intindihin ang interes ng Pilipino?" Aquino said in his speech, with the Chief Justice merely a seat away from him.

"Shortly thereafter, the respondents also made utterances and remarks on national television which were bannered in all newspapers in the country and which this Honorable Court may take judicial notice, echoing the said contemptuous remarks of the President of the Philippines apparently in their respective aforesaid capacities as cabinet members," Sundiam, in his petition, said.

"These contemptuous remarks of the respondents are violative fo the Lawyer's Oath, the Code of Professional Responsibility and Section 20(b), Rule 138 of the Rules of Court which direct the respondents-lawyers to observe and maintain the respect and dignity due to the courts of justice and judicial officers," he added.

Sundiam alleged that the remarks issued by De Lima and Lacierda against the Chief Justice -- the head of a co-equal branch of government -- constitute indirect contempt as defined and punished under the 1997 Revised Rules on Civil Procedure.

Sundiam's petition further alleged that "the subject remarks were calculated precisely to degrade or tend to degrade the administration of justice, and erode and undermine the people's confidence" in the Supreme Court and the judicial officers.

Complainant/petitioner stressed that respondents' stature notwithstanding, the Supreme Court should apply the Rules and doctrines it has laid down "with equal force to every and all citizens."

"[E]specially and including the respondents, since no one is above the law in our democratic and republican State," Sundiam said.

Home Sea Home .....

Be one of the homeowners of this exclusive beach community now.

Below are the pictures of their Condo Units in Kembali Coast.

Room for Enjoyment

The main clubhouse features sand-shored swimming pools, beach bars, function rooms, and sports activity areas where you can engage in a claiming Tai Chi session or an invigorating round of beach volleyball.

Land and Water Fun

Release the gentleman farmer in you. At the elegant leisure farm, you can build a big house around which you can grow crops and enjoy the sweet sap of grown fruits. Or you can hit the water on your jet ski or your ravishing surfboard.

Long live Leisure

Here at Kembali, you choose how you can make your own splash. With our fantastic fusion of activities, there's only infinite space for leisure and certainly no room for boredom.

Kembali Coast Residential Beach Resort

Kembali Coast Residential Beach Resort is located in Samal Island Samal City. Kembali Coast is the first residential-leisure development of its kind in Mindanao, is the perfect tropical getaway. It is only 15 minutes away from Davao City via speedboat.

This Balinese-themed development gives you a taste of high-end resort living 1.8km beach line stretches to welcome you home to your own private paradise.

Leisure:

With Kembali Coast's numerous exotic amenities, every member of the family finds a personal, watery haven. From a long stretch of beach front that houses an aqua sports shop providing day rentals and tutorial programs; from branded aqua sports equipment like Canadian banana kayaks to skiling, wakebourding and kneeboarding facilities, Kembali Coast is every water enthusiast's dreamscape. Lie back on the shore or walk along moors at the docking facilities lined with personal crafts as you watch Optimist sailboats speed by.

more pictures will be uploaded soon.

For inquiries, please contact

Marites D. Salce
0921-249-6253
0932-395-8517