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IP E-Game Ventures, Inc. , the publicly listed online gaming subsidiary (PSE: EG) of technology firm IPVG Corp. (PSE: IP) announced last May 22, 2011, its plans to acquire a chain of 23 Internet cafes under the brand “CyBr”. The latter is owned and operated by the company CyberOne Technology Corp. (CyberOne).
E-Games is ranked as the leading online games publisher in the Philippines and holds top MMORPG (Massively Multiplayer Online Role Playing Game) titles such as RAN Online, CABAL Online, and Presidential Award recipient Korean game, Granado Espada. Other games include high-fantasy MMORPG Runes of Magic, and Korean adventure games such as Dragonica and Nostale Online. EGames’ strategic minority investors include the Philippine Star Group and E-Store Exchange (an affiliate of GMA7).
The parties have signed the an agreement and target completion of the sale and purchase of not less than 51% of the outstanding capital stock of CyberOne within the next 30 to 45 days. The completion is subject to a confirmatory due diligence.
E-Games is one of the leading online games publishers in the country offering a portfolio of online games consisting of Massively Multiplayer Online Games (MMOGs). CyberOne operates one of the largest Internet café chains in the Philippines consisting of 18 company-owned and 5 franchised branches. CyberOne is the most prominent brand of i-cafes focused on servicing the online gaming community. All of their Internet cafes are located in
commercial malls and shopping centers around Luzon.
“CyberOne strengthens our position in the online games segment.” Enrique Gonzalez, CEO of EGames, says. “With the founders, we plan on supporting CyberOne’s growth plans with additional capital and management support. CyberOne is an important component of our entire Internet cafe strategy.”
Jerry Co, President of CyberOne, states, “We look forward to pushing through with our partnership because there is great synergy between our two companies. We believe that it will boost the Internet cafe business in the country.”
In April, E-Games successfully acquired Netopia from ePLDT. The acquisition of CyberOne will give the Company a total of about 130 i-cafe outlets located in strategic sites nationwide, making it the clear leader in the Internet café space. E-Games looks to quadruple its number of outlets in the next 3 to 5 years. The acquisition is in line with E-Games’ strategy of creating a digital consumer platform.
For more information, about IP E Games, visit www.e-games.com.ph
Source: PSE Disclosure: May 22, 2011
Expects 3 brand-new Airbus A320 in October
Cebu Pacific (PSE:CEB) will increase domestic flights in the 4th quarter of 2011, making available 33% more seats compared to the same period last year.
Cebu Air Inc. is the largest carrier in the Philippine air transportation industry, offering its low-cost services to more destinations and routes with higher flight frequency within the Philippines than any other airline.
CEB will take delivery of 3 more brand-new Airbus A320 aircraft in October, allowing the airline to offer the lowest possible fares in the market and mount more domestic flights.
“This is in line with CEB’s continued commitment to promote tourism and economy in the destinations it flies to. Foreign and local travelers can book CEB’s lowest fares to explore the Philippines’ top beaches and diving sites, and attend the country’s most popular fiestas,” said CEB VP for Marketing and Distribution Candice Iyog.
“We currently already offer the most flights and the lowest fares to Cebu and Davao, two key cities in the Visayas and Mindanao, compared to any other airline. Tourists will have faster, easier access to the most extensive route network in the country,” she added.
With this flight increases, CEB will also continue to have the most flights to popular tourist destinations such as Boracay, Coron, Dumaguete and Cagayan de Oro. CEB will increase flight frequencies in the following routes:
Effective 1 October 2011
- Manila-Butuan-Manila (2x to 3x daily)
- Manila-General Santos-Manila (2x to 3x daily)
- Manila-Tacloban-Manila (4x to 5x daily)
- Manila-Davao-Manila (from 45x to 49x weekly)
Effective 7 October 2011
- Manila-Davao-Manila (7x to 8x daily)
- Manila-Dumaguete-Manila (2x to 3x daily)
- Manila-Roxas-Manila (7x to 12x weekly)
- Cebu-Butuan-Cebu (7x to 11x weekly)
- Manila-Boracay (Caticlan)-Manila (86x to 91x weekly)
- Cebu-Dumaguete-Cebu (3x to 7x weekly)
- Cebu-Pagadian-Cebu (4x to 7x weekly)
Additional Seats (from ATR 72-500 to Airbus A319)
- Cebu-Ozamiz-Cebu (Daily)
- Manila-Tuguegarao-Manila (Daily)
Effective 14 October 2011
- Manila-Cagayan de Oro-Manila (6x to 7x daily)
- Cebu-Davao-Cebu (24x to 28x weekly)
- Manila-Cebu-Manila (80x to 87x weekly)
- Manila-Coron (Busuanga)-Manila (2x to 3x daily)
- Manila-Boracay (Caticlan)-Manila (13x to 14x daily)
- Manila-Naga-Manila (3x to 4x daily)
Additional Seats (from ATR 72-500 to Airbus A319)
- Cebu-Bacolod-Cebu (Daily)
- Cebu-Cagayan de Oro-Cebu (Daily)
- Cebu-Iloilo-Cebu (Daily)
- Cebu-Tacloban-Cebu (Daily)
For CEB booking and inquiries, guests can visit www.cebupacificair.com or http://funtours.cebupacificair.com or call (02) 7020-888 or (032) 230-8888. The latest seat sales can also be found on cebupacificair on Twitter and Facebook Fan Page.
Source: PSE Disclosure
May 24, 2011
Metro Pacific Investments Corporation (“MPIC’) and PLDT Communications and Energy Ventures, Inc (“PCEV”) today announced that their joint venture, Beacon Electric Asset Holdings Inc. (“Beacon”), has signed a Pesos 11 billion finance facility in connection with Beacon’s acquisition of an additional four percent voting and interest in Manila Electric Company (“Meralco”).
Jose Ma. K. Lim, CEO of MPIC and President of Beacon, commented, “The acquisition of an additional four percent voting and economic interest in Meralco further cements the group’s position in one of the best-run companies in the Philippines. I am grateful for the work put in by the Joint Lead Arrangers of the finance facility and for the continued support of all the banks who participated in it. Beacon’s economic interest in Meralco is now 38.8% which taken together with PCEV’s direct holding gives the wider group 45% of Meralco.”
Manuel V. Pangilinan, Chairman of both MPIC and PCEV, added, “I am pleased that our shareholders will gain increased participation in the benefits of the hard work being put in by all the Meralco management to further enhance the business.”
Meralco is the biggest electricity distributor in the Philippines. PCEV is similarly engaged in the distribution and sale of electricity and MPIC is the biggest infrastructure investment management company.
For further information please contact:
David J. Nicol, Anabelle L. Chua, Albert W. L. Pulido, Deborah Anne Tan
MPIC PLDT MPIC PCEV
Chief Financial Officer SVP & Treasurer VP, Investor Relations Investor Relations Officer
Tel: +632 888 0802 +632 844 9098 Tel: +632 888 0888 Tel: +632 888 0802
Source: PSE Disclosure/Press Release May 24, 2011
(May 10, 2011) Globe Telecom, Inc (PSE:GLO). delivered strong results, with first quarter consolidated revenues reaching a record high of P16.5 billion. The mobile business posted improvements on most key subscriber metrics, for both the postpaid and prepaid brands. In the first quarter, gross acquisitions for the postpaid brand soared to a new record of over 120,000, anchored on the popularity of the new personalized and affordable subscription plans. Globe Postpaid subscribers stood at about 1.1 million by quarter-end, 30% higher than last year’s level of around 880,000. Prepaid subscribers grew 14% to 26.2 million. This growth was driven by breakthrough services such as SuperAllTxt and AstigTxtAll, the market’s first bucket, all-network text service for Globe Prepaid and TM subscribers, and SuperUnli, an unlimited, intra-network call and text offer. At the end of the first quarter, Globe had a total of 27.3 million subscribers.
The broadband business similarly sustained its expansion with subscriber base now at around 1.2 million. Growth continued to come from Globe Broadband Tattoo, the Company’s nomadic broadband service, and from Globe WiMAX, the Company’s fixed wireless service for at-home use. Wireless broadband subscribers now account for 78% of the total broadband subscriber base.
To date, the Company has already deployed its 4G mobile technology in 19 pilot areas in Metro Manila which includes Marikina, Quezon City, Makati, Pasay, Las Pinas, Taguig, and Manila. Current subscribers using 3G-enabled mobile phones and those using their broadband dongles in 4G-covered areas will already experience improvements in their calls, text and data services. Starting May 2011, the Company will offer 4G-enabled handsets, devices, and applications to allow subscribers to truly enjoy the 4G mobile experience.
See GLOBE Subscribers reach 27.3 Million, Broadband Subscribers up 40% To 1.2 Million
Megaworld Corporation, the Philippines’ leading developer for residential condominium and business process outsourcing (BPO) office projects broke ground for its Iloilo Business Park project last May 6, 2011.
The company is setting aside P2.5 billion initially over the next two years to develop the road network within the 54.5-hectare IT park and for the construction of Richmonde Hotel Iloilo and Richmonde Tower plus two more BPO office towers within this time frame. The first retail component of the project, Festive Walk, will be completed in the latter part of 2012, after which Megaworld is set to invest more to bankroll the development until 2020.
The site of the project is the former Iloilo Airport, which Megaworld acquired from the National Government in 2007 for P1.2 billion in cash.
“With our groundbreaking rites today, we affirm the strong business prospects of Iloilo City and the Western Visayas region in particular. The Iloilo Business Park is an important component of the BPO triangle I am envisioning that will make the Philippines an exciting and thriving BPO destination worldwide,” noted Megaworld Chairman and CEO Andrew Tan.
Tan added “The Iloilo Business Park marks the second leg of our BPO triangle after our two cyberparks in Metro Manila, with the final leg to be launched in the next few years. Together, these will give BPO investors strong prospects not just based on location but the human resource component as well. Early on, we decided to launch our BPO presence here considering that Ilonggos naturally have a pleasant vocal tone, are highly educated and are very hardworking.”
The groundbreaking ceremonies for Richmonde Hotel Iloilo and Richmonde Tower mark the first projects to be started within the Iloilo Business Park. The 12-story hotel will host 90 guest rooms, ranging from superior rooms to junior suites. Its seventh level amenities deck features play amenities such as a lap pool, children’s pool and fitness center, while the business center on the same level will include meeting rooms and a conference room. Richmonde Hotel Iloilo is the third project of Megaworld under this hotel brand. The hotel is projected to serve businessmen and tourists who flock annually to witness Iloilo City’s historic and colorful festivals.
The Richmonde Tower will occupy the second to sixth floors of the hotel, offering more than 9,000 square meters of prime office space for BPO locators. Both projects are slated for completion within the next two years.
Since the Iloilo Business Park was granted a certification by the Philippine Economic Zone Authority as an information technology (IT) park in January 2010, BPO locators at Richmonde Tower will be entitled to exclusive perks such as income tax holidays, duty-free importation of office equipment and repatriation of earnings, among others.
At 54.5 hectares, Iloilo Business Park is the largest IT park yet of publicly-listed Megaworld Corporation, the Philippines’ business process outsourcing (BPO) office landlord. The master plan for the entire community includes hotels, BPO office towers, a convention center, a skills training center and retail components. With its premium brands, affordable boutiques and al fresco dining areas for restaurants, the two-kilometer retail and dining strip of Festive Walk is expected to become the next hip hangout for Iloilo’s youth and a vital tourist spot.
With its strong Work-Play-Learn components, Megaworld is projecting that Iloilo Business Park will fill more than 24,000 seats for the BPO sector, whereas its retail component will infuse more than 200,000 square meters of space for the commercial sector. All in all, Megaworld expects to help create about 40,000 new jobs within Iloilo City, thus helping spur up the local economy.
May 6, 2011
PSE Disclosure
Lady teleserye villains have conquered the Filipino TV world, with their wardrobe quirks and catchy one-liners. Some of us find much amusement in watching the kontrabidas you love to hate battle it out with the (normally female) “bida” or hero, through piercing stares, sharp-witted dialogues, or “pagandahan”
Oftentimes, it is the villain who becomes more popular and well-loved. Let’s face it: Kontrabidas know how to harness power over a person and to manipulate their way around sticky situations. Thus, viewers are captivated by her ominous charm, and they can’t help but love her! So who are the most famous kontrabidas on TV you can’t get enough of?
Read more about these kontrabidas
While Caucasians are always looking for the perfect tan, most Southeast Asians with fair skin resort to skin whitening. Many Asians experience uneven tones on noticeable skin areas, such as the face. This can be due to genetics or a variety of skin conditions, such as melasma. In some cases, traditional foundation products do not provide sufficient cloaking for a truly even complexion. This is when skin whitening can be a cosmetic advantage.
Learn the basics of skin-whitening and you will be on your way to beautiful, even-toned skin.
- What Skin Whitening Products Do
- How Your Skin’s Ecology Affects Skin Whitening Treatment
- Skin Whitening Treatments – What Are Your Options?
- Types of Skin Whitening Products
- What to Think About and What to Watch Out For
Philippine drama can be classified into different forms and genres, the most popular is the teleserye which is a television form of melodramatic serialized fiction. It’s rooted from two words “tele”, short for television, and “serye”, a Tagalog term for series.
Teleserye is now used as the generic term for most Filipino soap operas on television, although the term officially came into existence in 2000 when ABS-CBN aired its first official form of teleserye, ‘Pangako sa ‘Yo‘. Prior to this, Filipino soap operas were called either telenovelas (and still is referred to as such) and soap operas.
If you are not yet one of the millions of Filipinos who are teleserye fanatics or you failed to watch some episodes of your favorite teleseryes, get them here. Now, there’s no more reason why you are not updated of the latest twists of the popular teleseryes on Philippine television.
More on teleseryes at KabayanCentral.com. KabayanCentral.com is The World’s Filipino Store.
The fiesta is an important part of the fun-loving Filipino culture. Each Philippine city and barrio celebrates at least one local fiesta or festival, usually as a thanksgiving celebration on the feast day of its patron saint. There is always a fiesta going on somewhere in the country, celebrated with all the pomp and pageantry the town people can manage.
From the Kalibo’s Ati-atihan festival honoring the land deal of Bornean chieftains, to Cebu City’s fiestas of fiestas Sinulog Festival to the smiling faces in the Masskara Festival to the self-flagellation of the Cutud Lenten Rites in Pampanga , the numerous fiestas and festivals attest to the Filipino’s affinity for fun activities
More Philippine Fiestas
Contrary to popular belief, most cultured pearls are not very expensive. Jewelry-grade AAA+ Mikimoto cultured pearls or South sea pearls might be frightfully expensive, but accessory-grade cultured freshwater pearls for everyday use are quite affordable, slightly more expensive than common beads, but often less expensive than Austrian Swarovski crystal beads, or Murano glass.
KC Gems and KabayanCentral.com are giving away FREE bracelets from Nov 26, 2009 to Feb 15, 2010. More details at
Filipina Beauty Secrets
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