All posts by Alvin Baking

A Super Fun Weekend of Everything That Flies in Clark

Twenty-eight colorful hot air balloons kicked off the 20th Philippine International Hot Air Balloon Fiesta on a Thursday morning February 11 at the Philippine Airforce Grounds in Clark Freeport Zone.

This longest-running sports and aviation festivity gathers both local and foreign aviators, with most of the pilots this year hailing from Germany, France, the United States, and other parts of Europe and Asia.

Organized by Philippine International Hot Air Balloon Fiesta Foundation, Inc. The event also showcases impressive stunts and exhibitions from different aviation disciplines, including aerobatics by Rolf Dunder, skydiving, paragliding, remote control aircraft, and kite flying. Hot Air balloons from the Philippines and other countries will fly high in the early morning, and illuminate the evenings.

Clark Development Corporation (CDC) President and CEO Atty Arthur Tugade said the event helps boost tourism in Pampanga, as attendees may also visit different hotels, golf courses, resorts, wellness centers, and a museum inside Clark Freeport Zone.

Tugade said they are expecting a hundred thousand tourists during the 4 day event, in which the last day timely fell under Valentine’s Day, February 14.

Families enjoyed their super fun weekend of everything that flies!

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Chinese New Year — Filipino Style

Kung Hei Fat Choi! It is that time of the year in the Chinese calendar when the Chinese population all over the world celebrate the coming of a new year with pomp and joy. The Filipino Chinese New year is quite a sight for the eyes with all the colors and the fun that the occasion has to offer.

Celebrated around the month of January or February, the Chinese New year in Philippines is a treat for anybody visiting the place at the time. So, how exactly is the Chinese New Year celebrated in the Filipino culture?

Chinese New Year is not an official holiday in the Philippines so all establishments remain open. However most shops and hotels are decorated for the occation. Widus Hotel and Casino General Manager Jonathan Nowell said

A lot of businesses this time of year will celebrate the Chinese New Year with the traditional Lion and Dragon Dance to bring prosperity for the comming year.

The homes are decorated with beautiful paper lanterns and red scrolls with Chinese inscriptions on them. The Chinese firmly believe that they should not owe any body anything at the beginning of the year and so, they clear off all debts on the occasion. They also plant a lot of fresh blooming plants for the occasion, symbolising the spirit of the New Year- renewal of life and vigour.

The Chinese New Year is quite an occasion in the Philippines and if you plan to visit the country on this occasion, it would be best if you can arrange for prior accommodation. The availability of a number of hotels and lodges make it easier for a tourist to accommodate themselves.

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Philippines Remains Microfinance Leader in Asia

LONDON — The Philippines scores the third best in the world and maintained its rank as the microfinance leader in Asia, according to the global business magazine Economist Intelligence Unit (EIU).

In the EIU’s Global Microscope 2015, among the 55 countries the Philippines got a score of 81, which was the Asia’s best and ranked 3rd in the world, next to Peru’s 90 and Columbia’s 86.

Rounding out the top 10 were India which was placed fourth with a score of 71, followed by Pakistan with 64, Chile with 62, Tanzania with 62, Bolivia with 60, Mexico with 60, and Ghana with 60 score.

Haiti was ranked last with a score of 24.

The EIU said in the report,

The Philippines continues to achieve considerable local and global milestones in its pursuit of financial inclusion, owing to the country’s success in terms of the variety of players, which provides a wide range of financial services and products to the public.

The countries were ranked based on 12 indicators. In which a unit of global business magazine, the Economist, said the Philippines attained the perfect scores in 5 indicators including government support, regulation and supervisory capacity, deposit taking activities, branches and gents, and dispute resolutions.

It highlighted the signing last July of the recently launched National Strategy for Financial Inclusion (NSFI), which was developed by the Bangko Sentral ng Pilipinas (BSP) and the 13 government Agencies.

The strategy establishes a framework and action plan for the government and the private sector to take a coordinated and systematic approach to the development of a financial system that is accessible and responsive to the needs of the entire population,

the EIU explained.

According to the EIU’s the BSP’s financial inclusion strategy have increased the opportunities for partnership with the private sectors, especially in the area if technological innovation.

In terms of financial capability, the BSP implements economic and financial-education programs to reach audiences in targeted areas, as well as public information campaigns, financial-education sessions for Filipinos overseas and their beneficiaries, financial-education exhibitions and financial-empowerment sessions,

EIU said.

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Why German Companies Should Be Interested in the Philippines?

German Ambassador Thomas Ossowski shares his insights on what should European, particularly German Entrepreneurs do in preparation for the rising ASEAN Market. In an exclusive interview by Klipp TV, Ambassador Ossowski strongly recommends the Philippines and the rest of the Southeast Asian region, a market to keep an eye on.

“I think for every company in Europe, in Germany, which has also a global focus, not only on the European market, but also the global market, they should be at that stage very interested in the ASEAN market.”

Ossowski said.

With $2.6 trillion GDP in 2014, and an average growth of 6% to 7%, the region is significantly competitive for global market.

“Asian market is very diverse, but they are very strong consumption markets, so whenever it comes to consumption goods products, I think the region can be very interesting for European companies, German companies. Also all these countries proved to be good places for manufacturing and for services. Here in the Philippines, the Business Processing Outsourcing has found a very strong foundation, and also manufacturing we have a few german Companies which manufacture here in the Philippines.”

Ossowski said.

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President Aquino calls for unity against climate change

PARIS — Philippine President Benigno Aquino III called on nations to help mitigate effects of climate change, especially in developing countries.

“Even beyond such phenomena, we are all aware of how the discourse on development and inequality, within and among nations, is intertwined with climate change,”

Aquino said at the Climate Vulnerable Forum (CVF) in Paris, France.

“Invariably, those who have the least bear most of the burden.”

A high-level event during the 2015 Paris Climate Conference or COP21, the forum serves as a collaborative platform for countries that bear the brunt of climate change.

Click here to know what the Philippines can contribute to fight Climate Change.

The countries gather to craft policies and share best practices.

“Our gathering today, and the hard work that our representatives have been doing since the Climate Vulnerable Forum came into being, highlights an essential pillar of the solidarity we are pursuing: Fairness and equitability are not mere catchwords for the vulnerable; they form the very foundations of a truly global climate response,”

the president added.

The Philippines is among those in constant danger of natural disasters. In 2013, Typhoon Yolanda ravaged central Philippines, obliterating communities and leaving over 6,000 people dead.

Below is the full text of Aquino’s speech at the CVF:


National statement

of

His Excellency Benigno S. Aquino III

President of the Philippines

at the Climate Vulnerable Forum high-level event in Paris, France

[Delivered on November 30, 2015]

Allow me to first of all convey to the citizens of France the deepest sympathies of my people for the tragedy that beset Paris last November 13. I echo the solidarity of the rest of the world in saying that no amount of effort from the forces of darkness can ever make the lights of Paris dim.

Colleagues, in the Philippines, there are only two seasons: wet, and dry. The monsoon season has historically ended by October. Over the past few years, however, the most destructive typhoons have come in November and December — an especially discouraging phenomenon, because it dampens the joyousness of the Christmas season, which is among the most important celebrations in a predominantly Christian nation such as ours.

In this, our country is not an isolated case. Those of us who compose this Forum, and many others who are also exposed to a high concentration of risk, experience climate change in the starkest possible terms. For example, since 2010, in the CVF-member countries, an average of more than 50,000 deaths have occurred every year due to climate shocks. Up to 40 million people may potentially be displaced due to rising sea levels, which threaten to engulf entire nations in the Pacific.

Even beyond such phenomena, we are all aware of how the discourse on development and inequality, within and among nations, is intertwined with climate change. Invariably, those who have the least bear most of the burden. We are getting better at adaptation. However, the reality persists: People still die and whole communities are displaced; businesses are affected, thus stunting economic activity. Funds that could otherwise be used for other development needs and services are channeled towards the costly efforts involving relief, rehabilitation, and reconstruction. By some estimates, annual losses amount to at least 2.5 percent of GDP for us in the CVF — this, despite the fact that we collectively contribute less than 2 percent of current greenhouse gas emissions.

We have all echoed the call for global solidarity in responding to climate change. Our gathering today, and the hard work that our representatives have been doing since the Climate Vulnerable Forum came into being, highlights an essential pillar of the solidarity we are pursuing: Fairness and equitability are not mere catchwords for the vulnerable; they form the very foundations of a truly global climate response. Our friend President Hollande and I have outlined as much in the Manila Call to Action on Climate Change, urging not only climate action, but also climate justice, cooperation, and solidarity in the financial and technological aspects of climate response.

Colleagues, we have all probably noticed how climate change discourse has so far taken shape. The focus of many debates seem to be on who should be doing what. We believe, however, that the question is not about who among us should be doing what; the question is not about the contributions of individual countries. It is imperative that all countries do everything, and maximize what can be done to address climate change now. Either we all strive and sacrifice, or we only vary in how much we lose.

I ask you to picture a situation that has become all too common in the Philippines. After typhoon Bopha in 2012, I had the opportunity to conduct aerial assessments of provinces where coconuts are the main source of livelihood. As far as the eye could see, not a tree was left standing. I note that it takes five to seven years for a coconut tree to grow to maturity. What will the people do to survive in the meantime? We had to innovate by promoting alternative crops and intercropping, to ensure that communities will have other sources of livelihood to sustain our farmers until the new coconut trees reach maturity.

So many talk of resilience being one of my people’s highest attributes. We have been able to build back better even after the most devastating storms, for example, by moving entire communities away from hazardous areas. But building back better has become less and less of a guarantee, given that the new normal might still be replaced by an even newer normal that is even more destructive, if we fail to act in concert. Positive national development trajectories, especially of emerging economies such as the Philippines’, can be broken due to the disruption caused by disaster. After all, what if we could channel the resources used for building back better towards development interventions?

By now, the truth should be evident to all: No amount of effort, however gargantuan, by a single nation can ever be enough to address climate change in its entirety. In the Philippines, we have been implementing an ambitious national greening program, planting 1.5 billion trees in 1.5 million hectares to be completed by next year. We have cracked down heavily on illegal logging and other unsustainable environmental practices. We have worked to diversify our energy resources, increasingly tapping into renewables such as solar, wind, biomass, hydro, and geothermal power — to the extent that they now constitute 30 percent of our energy mix. Government scientists have been conducting research towards more disaster-resilient crops, and we have continuously been upgrading our weather forecasting capabilities. We are willing and ready to share with you all the knowledge and best practices that we have learned from our experience. Despite this, much remains to be done in terms of creating a fully climate-proof Philippines — and I suspect it is the same for most, if not all, of our brother nations in the CVF.

In the Philippines, we have as one of our core philosophies the idea of “bayanihan.” Loosely translated, it means communal action borne of communal responsibility. Back home, we have been harnessing the energies of bayanihan towards national transformation: In instituting good governance, in engaging the engines of economic growth, and in creating a more compassionate and inclusive society. We have called on the spirit of bayanihan to lift up our countrymen during every storm that has made landfall within our islands.

This spirit of bayanihan, dear colleagues, is exactly the same spirit that informs the Climate Vulnerable Forum. It is also at the core of what we launch today: the Manila-Paris Declaration, which embodies our shared aspirations for a world that is more just and more sustainable. Individually, we are already survivors; collectively, we are a force towards a fairer, more climate-proactive world. Many of us have already been taking pioneering action, particularly in terms of climate finance. Let us not only enhance and intensify such work, but also fully leverage our solidarity in ensuring that the remaining barriers towards concerted action and knowledge sharing are broken down — so that we may in turn link arms and march on together towards a more resilient, more inclusive future.

Thank you and good day.

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Dr. Andreas Klippe Elected as one of CILA’s new BOD

CLARK, PAMPANGA — Flood Control Asia RS founder Dr. Andreas Klippe, has been elected as one of the six (6) Board of Directors of Clark Investors and Locators Association (CILA) for 2016.

The Annual Election was held on November 25, 2015 at Widus Hotel, Clark Freeport Zone, Pampanga. Headed by Atty. Noelle Mina Meneses, Trade Facilitation Manager of Clark Development Corporation (CDC), and Ms. Thelma Ocampo, Marketing and Promotions Manager of CDC.

CILA is a non-profit organization of investors with more than a hundred members that aims to protect the interest of its members, assisting locators to become globally competitive, and promoting the Clark Freeport Zone.

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ASEAN will have unified market by year-end

KUALA LUMPUR — The scheme to build an integrated Southeast Asian market will be launched by the end of this year, but no currency integration is on the scene yet, stated by a senior official of the U.S.-ASEAN Business Council during the ASEAN Business Summit.

“It’s probably not on the (meeting) agenda at the moment…Each one of the ASEAN has a different kind of financial district and financial regulations. The merging of that and the harmonization of that is going to be difficult,”

said Michael Michalak.

The Association of Southeast Asian Nations (ASEAN) is a group composed of 10 regional countries.

The ASEAN Economic Community project due around year-end aims to launch a single market for goods, services, capital and labor across the bloc. The target is that investors and companies will levy of easier logistics to enter the region’s frontier markets.

Mukhtar Hussain, chief executive of HSBC Malaysia, mentioned that a lot of effort building up drives policy cohesion and aligning countries, governments and policymakers on the benefits of the integration.

“The challenge is the implementation and putting in practical effect the measures that have been discussed among policy makers for some time,”

said Mukhtar.

Most ASEAN countries have managed to meet 90 to 95 percent of their commitments for the rollout of the AEC, said Michalak

Currency union in particular will be a “long way” off as immediate priorities are the liberalization of trade, investment and capital flows.

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Mayor Ed Pamintuan’s Game Plan for Angeles City

Angeles City Mayor Ed Pamintuan describes his efforts in restoring the heritage sites in his city that led him to achieve the prestigious Pearl award from the Association of Tourism Officers of the Philippines (ATOP) in 2015.

He has remained popular with residents who welcome improvements in drainage and environmental infrastructure, as well as work on healthcare and welfare, including education.

Include the poor from the wealth of your place.

Pamintuan said, his brainchild of his leadership that brought him to be the top 8th mayor in the world in 2012.

He also delineated the business climate in Angeles City, by granting tax incentives for local and foreign investors in proportion to the invested capital.

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Michelin commended on Hong Kong and Macau street food

HONG KONG — The oldest European hotel and restaurant reference guide, which awards stars for excellence to a select few establishments, the Michelin Guide is now featuring street food in the latest edition for Hong Kong and Macau.

There were no Michelin stars awarded for the 2016 edition of Michelin’s Hong Kong and Macau hospitality guide, but the listings highlight the value of the economical fare in the local context, the International Director for the Michelin Guide, Michael Ellis, said on Friday.

Street food is very much a part of the Hong Kong culinary scene. Hong Kong has fantastic gastronomy everywhere but Hong Kong is a city that never stops; it never sleeps. People are out and about all the time and street food has always been a very big part of Hong Kong culture

said Michael Ellis.

 

23 eateries in Hong Kong and 12 in nearby Macau made it to the new category, which ranges from fried pork fat noodles to baked potatoes and Indonesian fried rice. Will this change help mollify critics of the controversial ratings system?

Three-star establishments in Hong Kong include a contemporary French restaurant run by celebrity chef Joel Robuchon, and new guide entrant T’ang Court, which specializes in Cantonese cuisine.

Ellis enthused,

“Every minute spent at T’ang Court plunges you into the golden age of Chinese history, making for a unique experience that is well worth the journey.”

 

Despite the proliferation of peer-to-peer review guides and sites, Ellis said Michelin is confident that there is still demand for an independent guide that is the “gold standard” and “north star” for the industry.

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Dow recovers for 2015 as oil shares rebound

NEW YORK — The Dow Jones shoved back into positive zone for 2015 on Monday, boosted by a technical rebound in crude shares, and the picture indicating a seven-year peak in US development spending.

The Dow’s Industrial Average hiked 165.22 points (0.94%) to 17,828.76, maneuvering the blue-chip index into black for this year. The diverse S&P 500 gained 24.69 points (1.19%) at 2,104.05, while the technology-rich Nasdaq Composite Index leaped by 73.40 points (1.45%) to 5,127.15.

September allocation on building new highways, shelters, and other projects occurred at an annual step of 1.09 trillion US dollars, the crown level since March 2008. That outweigh a blind reading from the Institute for Supply Management on manufacturing sector activity.

Experts said amass in Dow members Chevron (+4.5%) and ExxonMobil (+3.1%) were due to technical influences; the gains in those and other oil shares came as petroleum prices fell.

Tech shares were also sound, with Facebook, Google, Apple, and Microsoft all adding more than one percent.

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