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While
other real-estate companies such as MegaWorld Corp. are
increasingly going into joint ventures (read: somebody
provides the land and the real-estate company develops
the land), Ortigas & Co. Ltd. Partnership (OCLP) prefers
to go it alone because of its huge land bank.
For one,
OCLP is one of the claimants of the MetroWalk
sequestered property (read: this is adjoining OCLP-developed
Tiendesitas) that the Presidential Commission on Good
Government has leased out really cheap to the group of
former Ilocos Sur governor Luis “Chavit” Singson.
And
then, there’s the
Camp Crame
property, which currently hosts the national
headquarters of the Philippine National Police (read:
this is near OCLP’s
Greenhills
Commercial
Center).
OFW 1:
Philippine Overseas Employment Administration (POEA)
offices nationwide are directly accepting applications
for nurses to
Saudi Arabia
hospitals. The initial demand is for 5,000 nurses.
As
everybody knows, the main job of the POEA is to accredit
recruitment companies, not become one itself. Then
again, perhaps POEA administrator Rosalinda
Dimapilis-Baldoz doesn’t believe the POEA-licensed
recruiters can do the job right.
OFW 2:
On paper, foreign caregivers in Spain earn €900 or about
P56,000 a month. That’s gross revenue. After deducting
taxes, apartment rent (yes, they don’t “stay in”), and
food expenses, net income is more like between €200 and
€300, which isn’t much to send home to.
****
Should
it get its way, Subic Bay Metropolitan Authority (SBMA)
chaired by Feliciano Salonga will be expanding
Freeport
to include part of Bataan (in the direction of Ayala
Land Inc.’s Anvaya Cove resort project)
You see,
Korean and Chinese investors want part of the freeport’s
action. SBMA’s problem is it doesn’t have enough land
left to lease out outside of the forest, which is, of
course, unthinkable.
Right
now, SBMA’s biggest locator is Acer-branded producer,
Wistromm and its satellite of suppliers, all of which
are located in the Taiwan Industrial Park.
****
Did you
know 1:
Gross sales from selling siomai and other dimsum at
PureGold-Tayuman is estimated at P6,000 a day. The
supermarket chain is currently host to three dimsum
franchises, although PureGold, as a matter of policy,
allows only one dimsum venture per supermarket.
Did you
know 2:
Citibank NA wants to eventually tour local companies
with its “Use Credit Wisely” program. The idea here is
to teach people to be more financially savvy.
Right
now, Citi has an interactive web page (read: it has
useful worksheets for those who want to balance their
household budgets) and a monograph on the subject.
Did you
know 3:
Because business has been so good, Sunlife Financials (Phils)
is setting aside starting this year a percent of its net
income to give back to the community. So far this year,
the insurance company has funded a Gawad Kalinga project
and there’s a lot of money left over for another
corporate social responsibility or CSR before the end of
2007. |
