MPIC to WBA, MAYNILAD oil change services, AGI Q2 benefit, TE
MPIC CFO joins WBA Assembly of Allies
Metro Pacific Investments Corp. (MPIC), represented by its Director of MPIC Finance, Risk and Sustainability, Chaye Cabal-Revilla, joined the World Benchmarking Alliance (WBA) Allies Assembly 2022 as a speaker and panelist in Cape Town, in South Africa.
At this global, multi-stakeholder roundtable, as a representative from the business side, Cabal-Revilla shared MPIC’s sustainability journey of integrating a holistic approach to its core business strategies and sustainability-related advocacy at a multi-stakeholder group of over 100 delegates from local, regional and international organisations.
“With our businesses providing essential services to Filipinos, we recognize our responsibility to drive positive change and collective action to create ubiquitous impact. We are committed to strengthening our sustainability efforts and being an instrument of our country’s sustainable development,” Cabal-Revilla said.
MPIC was included earlier this year as part of the WBA’s SDG2000, the 2000 most influential companies shaping the future in terms of their contributions to the United Nations Sustainable Development Goals (SDGs).
WBA is an international non-profit organization working to create a movement to measure and encourage business impact towards a sustainable future that works for everyone. They do this by developing free, publicly available benchmarks that compare the contribution of the private sector to the UN SDGs. These benchmarks inform and empower business leaders and investors, as well as governments, civil society and other key stakeholders.
AGI posts second quarter profit of P6.6-B, raises first half profit to P12-B
Alliance Global Group, Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, maintained its strong performance in the second quarter of 2022 with a 24% increase in net profit quarter-on-quarter (QT) to 6.6 billion pesos while consolidated revenues increased by 20% quarter-on-quarter to reach 45.1 billion pesos.
Owners’ net income in the same quarter was 4.4 billion pesos, 12% higher than QoQ.
For the first half of 2022, consolidated revenue increased 16% year-on-year (YoY) to 82.6 billion pesos, while net income fell 6% year-on-year to 12.0 billion pesos. Attributable profit was 8.2 billion pesos, indicating a year-on-year decline of 3%.
These figures for the first half of 2021 included a large one-time gain of 5.4 billion pesos, booked mainly by AGI’s entertainment and leisure unit. Excluding this exceptional item, AGI recorded normalized revenue growth of 26% year-on-year, a 63% increase in net profit and a 41% improvement in attributable profit, indicating solid growth in overall operations.
“AGI’s strong interim performance reflects the quarterly uptick in economic activity, helped by pent-up consumer spending as mobility continues to improve. This was felt across all of our business segments which performed at or above their pre-pandemic levels,” said Kevin L. Tan, Chief Executive Officer of AGI.
The Andrew Tan conglomerate has varied interests spanning property developments through property giant Megaworld Corporation; recreation, entertainment and hospitality through Travelers International Hotel Group, Inc.; the manufacture of spirits by Emperador Inc.; quick service restaurants through Golden Arches Development Corporation (GADC), popularly known as mcdonalds philippines, which is a strategic partnership with the George Yang Group; and infrastructure developments via Infracorp.
Maynilad offers emptying services in August
West Area Concessionaire Maynilad Water Services Inc. is offering septic tank cleaning services to residential and semi-professional customers in August in parts of Caloocan, Las Piñas, Makati, Malabon, Manila, Muntinlupa, Navotas, Parañaque, Pasay, Quezon City, Valenzuela and Cavite province at no additional cost.
Maynilad’s remediation program is one of the company’s efforts to reduce the pollution load in Metro Manila’s river systems.
Customers residing at Barangay 80, 160, 161, 163 to 166, 170, 171 and 177 in Caloocan; Brgy. Almanza Uno in Las Pinas; Brgy. Bangkal, Magallanes and Palanan in Makati; Brgy. Acacia, Longos, Potrero and Tenejeros in Malabon; the barangays under Sampaloc in Manila; Brgy. Bayanan in Muntinlupa; Brgy. North Bay Boulevard (north and south) in Navotas; Brgy. BF Homes and Sun Valley in Parañaque; Brgy. 183 and those under Baltao, Malibay, Maricaban, Pildera 2 and Villamor Air Base in Pasay City; Brgy. Baesa, Bagbag, Bahay Toro, Kaligayahan, Sangandaan, Sauyo, Sta. Lucia and Talipapa in Quezon City; and Brgy. General T. De Leon and Ugong from the city of Valenzuela can benefit from Maynilad’s emptying service.
Some Maynilad customers in the province of Cavite, especially in Brgy. Habay I, Ligas I to III, Molino II and San Nicolas I to III in Bacoor City; Brgy. 10-A and B, 13, 16, 18, 19, 23, 26, 28, 29 and 29-A in Cavite City; and Brgy. Bayan Luma I to IX in Imus City can avail the company’s septic tank cleaning services at no additional cost. The septic tank cleaning service normally costs about 4,700 pula per truck.
The Taipei Economic and Cultural Office in the Philippines recently hosted a farewell lunch for the first batch of English teachers and teaching assistants from the Taiwan Foreign English Teacher Program (TFETP) at the New World Makati Hotel. Representative Peiyung Hsu personally congratulated the 14 English teachers and 3 teaching assistants who attended and wished them a pleasant and memorable teaching experience in Taiwan.
TFETP was launched by the Ministry of Education of the Republic of China (Taiwan) to recruit foreign English teachers and teaching assistants and create more opportunities for Taiwanese students to learn English in schools across the country. Eligible English teachers from the Philippines are encouraged to apply if they possess high-quality English teaching skills. In 2022 alone, a total of 77 English teachers and 11 teaching assistants from the Philippines have been employed, and Taiwan is inviting more Filipino English teachers to join the initiative in the future.
Honda Raining Deals
Honda Cars Philippines Inc. (HCPI) continues to offer its customers special after-sales offers that would help them keep their vehicles in good condition and ensure their safety.
From August 8 through October 8, Honda owners with out-of-warranty vehicles can take advantage of Honda’s great service offerings through its Raining Deals promotion.
Customers whose vehicles are within the warranty period receive benefits and benefits under the Sure Save Treats loyalty program.
HCPI’s Raining Deals come with the following exciting offers up to 70% off select parts at select retailers with free sanitizing chemical with a minimum purchase of P3,000; free 50-point security check; a free disinfection chemical can also be used with every purchase of a tire or battery; free front windshield water repellant coating service with purchase of two tires or one tire and battery
The HCPI also offers a free wipe-on disinfection chemical and front windshield water repellent coating service with every purchase of four tires or with a minimum purchase of P5,000; and buy 1-take 1 on BR-V tires – 195/60R16 89H Bridgestone.
Premier Prestone Auto Service Center in PH
Prestone now has its very first Car Care Center in the Philippines.
Recently launched in partnership with CJ Enterprises Inc., the newly inaugurated Prestone Car Care Center, located on McArthur Highway in San Nicolas, Tarlac City, Tarlac, is now ready to serve area customers.
The facility will provide preventive car maintenance to car owners in the region and neighboring provinces.
Invitation to startups
The Sustainable Energy Association of Singapore (SEAS), in collaboration with the Temasek Foundation, invites all energy startups in the Philippines to participate in PowerACE 2022.
Now in its fifth year, PowerACE 2022 seeks innovative solutions that can lead Southeast Asia’s energy ecosystems into a brighter, cleaner future.
Interested startups must submit their solutions towards decarbonization, digitization, buildings and mobility by August 16.
Shortlisted teams will have the chance to attend the pitch session on October 27 in Singapore and the winning teams will have the chance to test their innovations with the help of leading solution seekers from the region.
National Mental Health Summit Set
The National Mental Health Summit is back for its sequel in 2022 where attendees can expect a more immersive in-person experience, as last year’s Summit was limited to a handful of delegates due to travel restrictions. lockdown. Discussion of this year’s event with key government stakeholders also led to what promises to be a fruitful partnership: a partnership between Mind You and the Department of Health (DOH).
The two organizations’ mutual commitment to improving the state of mental health infrastructure in the country represents a crucial step in providing accessible and quality mental health care to all Filipinos.
“This partnership between the DOH and Mind You is an important step towards improving the state of mental health in the Philippines. The National Mental Health Summit will revolve around the central theme of “hope”. This partnership represents “hope” in a special way because of the reach and impact that will be created by both DOH and Mind You’s shared goal of truly helping the community at large. I hope that together we can help countless lives and transform the waves of grief, fear and despair into strength, resilience and hope,” said Yuri Marshall, CEO of Mind You.