A REAL estate investor and mentor of real estate entrepreneurs in the United States and Philippines is coming to Cebu this month to share his expertise to Cebuanos on how to earn big in the real estate industry.
Trace Trajano, the author of the book “Think Quick Rich,” will hold a seminar on his real estate techniques and strategies in Cebu on Jan. 29 to 30 at the Waterfront Cebu City Hotel and Casino.
In the book “Think Quick Rich,” Trajano shares his expertise in the “no money down, quick return” real estate businesses to help achieve financial success.
According to him, the book is “a think rich Pinoy” guide on how to become a Pinoy real estate millionaire.
Trajano, who is a real estate investor with main operations in the US and real estate franchises here in the Philippines, has acquired over $13 million worth of properties in the past six years. He mentors students in the Philippines, United States, Canada, Singapore and Australia.
Among the items Trajano wrote in his book and which he will discuss in the seminar are the techniques on starting out in the real estate business with nothing; wholesaling in real estate and the retailing formula.
The real estate industry is one of the top growth drivers in the country today.
President Benigno Aquino III said during the Philippine Real Estate Festival last year that the real estate industry is one of the sunshine industries for the national economy.
Published in the Sun.Star Cebu newspaper on January 11, 2011.
Monday, January 10, 2011
Next phase of Ayala plan set to start in 1st quarter
ANOTHER phase of the Ayala Center Cebu will begin construction by the first quarter of the year, an official of Cebu Holdings Inc. has confirmed.
CHI President Francis Monera said they are finishing the new passenger terminal, which is facing the Archbishop Reyes Ave., and will start the construction of the mall’s phase 2B. The existing terminal is beside the south surface parking lot of the mall, which will also be where phase 2B will be located.
He said that once the new terminal is finished and being used, construction will begin for phase 2B.
Monera said this phase will have “the best Ayala Mall can offer” and will feature stores of luxury brands. He did not name what brands are expected to open, saying the commitment from these stores will come once their final plans are presented.
He said, however, that the design for this phase has provisions for the expansion of Rustan’s and for an IT zone.
The construction of the phase is estimated at P2.8 billion and will take up a leasable area of 36,000 square meters. This area, he said, is about 1/3 of the existing mall, which is 96,000 square meters.
The expansion will make the mall conform to its original master plan.
Although The Terraces was not part of the original plan, Monera said the design for phase 2B allows it to be “seamlessly connected” to the mall.
He assured that there is a big improvement in terms of design and circulation.
It is expected to be completed in 2013.
Published in the Sun.Star Cebu newspaper on January 11, 2011.
CHI President Francis Monera said they are finishing the new passenger terminal, which is facing the Archbishop Reyes Ave., and will start the construction of the mall’s phase 2B. The existing terminal is beside the south surface parking lot of the mall, which will also be where phase 2B will be located.
He said that once the new terminal is finished and being used, construction will begin for phase 2B.
Monera said this phase will have “the best Ayala Mall can offer” and will feature stores of luxury brands. He did not name what brands are expected to open, saying the commitment from these stores will come once their final plans are presented.
He said, however, that the design for this phase has provisions for the expansion of Rustan’s and for an IT zone.
The construction of the phase is estimated at P2.8 billion and will take up a leasable area of 36,000 square meters. This area, he said, is about 1/3 of the existing mall, which is 96,000 square meters.
The expansion will make the mall conform to its original master plan.
Although The Terraces was not part of the original plan, Monera said the design for phase 2B allows it to be “seamlessly connected” to the mall.
He assured that there is a big improvement in terms of design and circulation.
It is expected to be completed in 2013.
Published in the Sun.Star Cebu newspaper on January 11, 2011.
Sunday, January 9, 2011
Barclays hikes 2011 inflation forecast to 4%
By Lawrence Agcaoili (The Philippine Star)
Updated January 10, 2011 12:00 AM
MANILA, Philippines - London-based Barclays Capital revised upwards its inflation forecast for the Philippines to four percent this year instead of 3.6 percent on the back of rising energy prices.
Barclays Capital economist Prakriti Sofat said in a research note that the investment bank sees a higher inflation this year but this would still fall within the target range of three percent to five percent set by the Bangko Sentral ng Pilipinas (BSP).
“Looking ahead, we believe the near-term risks to the energy component of the CPI are biased to the upside owing to elevated oil and coal prices. For the Philippines, we are revising up our 2011 average inflation forecast to four percent from 3.6 percent previously,” Sofat added.
She pointed out that inflation would likely average 3.5 percent in the first quarter, 4.3 percent in the second, 4.4 percent in the third, and 3.8 percent in the fourth quarter of the year.
The BSP sees inflation averaging 3.6 percent this year and three percent next year or well within the target range of three percent to five percent between 2011 and 2014. Inflation inched up to 3.8 percent in 2010 from 3.2 percent in 2009.
Given the relatively benign inflation figures, Sofat said Barclays Capital believes that monetary authorities are likely to remain on the sidelines.
“However, given the imported nature of inflation – energy and also food – we believe policymakers will have a bias to use currency appreciation to lean into imported price pressures,” she said.
According to her, no less than BSP Governor Amando M. Tetangco Jr. indicated that the central bank would continue to closely monitor global and domestic developments, particularly policy actions in major economies, changes in global growth patterns and shifts in investor sentiment, to gauge the need to make adjustments to the BSP’s current monetary policy stance.
The London-based investment bank sees the BSP’s Monetary Board adjusting upwards its key policy rates by 25 basis points starting the third quarter.
“We expect any rate normalisation to only begin in the second half of 2011, when inflation heads towards 4.5 percent, and we continue to expect a 25 basis point hike in the third quarter,” she explained.
Updated January 10, 2011 12:00 AM
MANILA, Philippines - London-based Barclays Capital revised upwards its inflation forecast for the Philippines to four percent this year instead of 3.6 percent on the back of rising energy prices.
Barclays Capital economist Prakriti Sofat said in a research note that the investment bank sees a higher inflation this year but this would still fall within the target range of three percent to five percent set by the Bangko Sentral ng Pilipinas (BSP).
“Looking ahead, we believe the near-term risks to the energy component of the CPI are biased to the upside owing to elevated oil and coal prices. For the Philippines, we are revising up our 2011 average inflation forecast to four percent from 3.6 percent previously,” Sofat added.
She pointed out that inflation would likely average 3.5 percent in the first quarter, 4.3 percent in the second, 4.4 percent in the third, and 3.8 percent in the fourth quarter of the year.
The BSP sees inflation averaging 3.6 percent this year and three percent next year or well within the target range of three percent to five percent between 2011 and 2014. Inflation inched up to 3.8 percent in 2010 from 3.2 percent in 2009.
Given the relatively benign inflation figures, Sofat said Barclays Capital believes that monetary authorities are likely to remain on the sidelines.
“However, given the imported nature of inflation – energy and also food – we believe policymakers will have a bias to use currency appreciation to lean into imported price pressures,” she said.
According to her, no less than BSP Governor Amando M. Tetangco Jr. indicated that the central bank would continue to closely monitor global and domestic developments, particularly policy actions in major economies, changes in global growth patterns and shifts in investor sentiment, to gauge the need to make adjustments to the BSP’s current monetary policy stance.
The London-based investment bank sees the BSP’s Monetary Board adjusting upwards its key policy rates by 25 basis points starting the third quarter.
“We expect any rate normalisation to only begin in the second half of 2011, when inflation heads towards 4.5 percent, and we continue to expect a 25 basis point hike in the third quarter,” she explained.
How to profit from PPP program
(The Philippine Star) Updated January 10, 2011 12:00 AM
MANILA, Philippines - To capture the opportunities and take full advantage of the new administration’s Public-Private Partnership program (PPP), the private sector must learn how to effectively structure their deals with the government.
With the clamor of more organizations to know about this, the Center for Global Best Practices (www.cgbp.org; Manila tel. 842-7148/59 or 556-8968/69 or Cebu (032) 512-3106/07), in collaboration with Forensic Solutions and the International Chamber of Commerce is launching a public information campaign through its one-day MCLE-accredited seminar entitled, “Public-Private Partnership: How To Structure the Deals with NGAs, GOCCs & LGUs” on Jan. 28 at the Garden Ballroom, Edsa Shangri-La Hotel, Mandaluyong City.
This special program will teach you how to do business with the government from the national, LGU and GOCC level by understanding the four modes of PPP-BOT and its eight variants (such as Build-and-Transfer BT, Build-Lease-Transfer BLT, Build-Own-Operate BOO, Build-Transfer-Operate BTO, Contract-Add-Operate CAO, Develop-Operate-Transfer DOT, Rehabilitate-Operate-Transfer ROT, Rehabilitate-Own-Operate ROO), JV, Procurement and Concession.
This program will feature Alberto C. Agra, secretary of justice until June 2010. He also held various positions in government as solicitor general and government corporate counsel. He is a strong advocate of PPP, professor of laws (1993 to present), and co-author of Knowing BOT and JV. He currently heads Forensix Law and Policy Strategies Inc. and Forensic Solutions, a think tank offering services in the fields of policy, law reform, advocacy and governance. He serves as a course director for this program.
Other speakers and resource persons who are experts on PPP and representatives of the public and private sectors involved in PPP/BOT/ JV projects shall be included in the lecture presentations.
Register now and capture these untapped opportunities! Interested participants are encouraged to avail of the early bird and group discounts. Seats are limited and pre-registration is required. The first 50 paid registrants will get a free copy of the book “Knowing Your BOT and JV”. For details, contact program leader Mabel Manipol or email her at mabel@cgbp.org.
MANILA, Philippines - To capture the opportunities and take full advantage of the new administration’s Public-Private Partnership program (PPP), the private sector must learn how to effectively structure their deals with the government.
With the clamor of more organizations to know about this, the Center for Global Best Practices (www.cgbp.org; Manila tel. 842-7148/59 or 556-8968/69 or Cebu (032) 512-3106/07), in collaboration with Forensic Solutions and the International Chamber of Commerce is launching a public information campaign through its one-day MCLE-accredited seminar entitled, “Public-Private Partnership: How To Structure the Deals with NGAs, GOCCs & LGUs” on Jan. 28 at the Garden Ballroom, Edsa Shangri-La Hotel, Mandaluyong City.
This special program will teach you how to do business with the government from the national, LGU and GOCC level by understanding the four modes of PPP-BOT and its eight variants (such as Build-and-Transfer BT, Build-Lease-Transfer BLT, Build-Own-Operate BOO, Build-Transfer-Operate BTO, Contract-Add-Operate CAO, Develop-Operate-Transfer DOT, Rehabilitate-Operate-Transfer ROT, Rehabilitate-Own-Operate ROO), JV, Procurement and Concession.
This program will feature Alberto C. Agra, secretary of justice until June 2010. He also held various positions in government as solicitor general and government corporate counsel. He is a strong advocate of PPP, professor of laws (1993 to present), and co-author of Knowing BOT and JV. He currently heads Forensix Law and Policy Strategies Inc. and Forensic Solutions, a think tank offering services in the fields of policy, law reform, advocacy and governance. He serves as a course director for this program.
Other speakers and resource persons who are experts on PPP and representatives of the public and private sectors involved in PPP/BOT/ JV projects shall be included in the lecture presentations.
Register now and capture these untapped opportunities! Interested participants are encouraged to avail of the early bird and group discounts. Seats are limited and pre-registration is required. The first 50 paid registrants will get a free copy of the book “Knowing Your BOT and JV”. For details, contact program leader Mabel Manipol or email her at mabel@cgbp.org.
Investments seen to hit P610.4B
By Ma. Elisa P. Osorio (The Philippine Star)
January 10, 2011 12:00 AM
MANILA, Philippines - Investments are expected to hit P610.4 billion by 2014 after posting a P505 billion investment commitments in 2010.
In an interview, Board of Investments (BOI) managing head Cristino L. Panlilio said the government is expecting a P610.4 billion investment commitments from both the BOI and the Philippine Economic Zone Authority (PEZA).
For this year, combined investments from the PEZA and BOI are expected to hit P521.54 billion.
Panlilio explained that the reason why investments, especially for the BOI, will not be as robust as last year is because they have removed incentives for the IPPAs or the independent power producers.
He said they are hoping that investments from the public private partnership (PPP) will boost the figures.
Trade Secretary Gregory L. Domingo said that 2010 has been a banner year for the BOI as investments grew by 93 percent.
Domingo, meanwhile, said that the BOI target for this year is lower than the actual investment. He said the target of BOI is to grow 15 percent over their original 2010 target of P258 billion.
PEZA Director General Lilia B. De Lima said their target for 2011 is to grow investments, exports and employment by 10 percent.
“We want to be conservative because we are coming from a very high base. The target is 10-10-10 which means 10 percent growth in investments, employment and exports,” De Lima explained.
“There will be a tapering off of investments because we already got the big ticket investors,” De Lima added.
Investments in 2010 grew by 17 percent to P204 billion from P175 billion in 2009. “This is the highest investment since 2001,” De Lima said.
“We are coming from a very high base. When others were posting a decline last year, we had a growth,” De Lima noted.
De Lima said they have exceeded their 2010 target of 15 percent growth because of the continued confidence of PEZA locators. Projects approved were 518 in 2010 from the 502 a year ago.
Employment and export data was only for November. De Lima said that average direct employment generated grew by 20.12 percent to 728,318 from 606,350 while export sales grew by 24 percent to $37 billion from $30 billion a year ago.
January 10, 2011 12:00 AM
MANILA, Philippines - Investments are expected to hit P610.4 billion by 2014 after posting a P505 billion investment commitments in 2010.
In an interview, Board of Investments (BOI) managing head Cristino L. Panlilio said the government is expecting a P610.4 billion investment commitments from both the BOI and the Philippine Economic Zone Authority (PEZA).
For this year, combined investments from the PEZA and BOI are expected to hit P521.54 billion.
Panlilio explained that the reason why investments, especially for the BOI, will not be as robust as last year is because they have removed incentives for the IPPAs or the independent power producers.
He said they are hoping that investments from the public private partnership (PPP) will boost the figures.
Trade Secretary Gregory L. Domingo said that 2010 has been a banner year for the BOI as investments grew by 93 percent.
Domingo, meanwhile, said that the BOI target for this year is lower than the actual investment. He said the target of BOI is to grow 15 percent over their original 2010 target of P258 billion.
PEZA Director General Lilia B. De Lima said their target for 2011 is to grow investments, exports and employment by 10 percent.
“We want to be conservative because we are coming from a very high base. The target is 10-10-10 which means 10 percent growth in investments, employment and exports,” De Lima explained.
“There will be a tapering off of investments because we already got the big ticket investors,” De Lima added.
Investments in 2010 grew by 17 percent to P204 billion from P175 billion in 2009. “This is the highest investment since 2001,” De Lima said.
“We are coming from a very high base. When others were posting a decline last year, we had a growth,” De Lima noted.
De Lima said they have exceeded their 2010 target of 15 percent growth because of the continued confidence of PEZA locators. Projects approved were 518 in 2010 from the 502 a year ago.
Employment and export data was only for November. De Lima said that average direct employment generated grew by 20.12 percent to 728,318 from 606,350 while export sales grew by 24 percent to $37 billion from $30 billion a year ago.
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