Major property developers unfazed by national ban on POGOs

August 21, 2024August 13, 2024carlocarrasco

As far as the major property developers are concerned, the national ban on Philippine Offshore Gaming Operations (POGOs) will not have a significant effect on their and residential businesses, according to a BusinessWorld news report.

To put things in perspective, posted below is an excerpt from the BusinessWorld news report. Some parts in boldface…

LOCAL PROPERTY DEVELOPERS are unfazed by the government’s ban on Philippine offshore gaming operators (POGO), saying that it has minimum or no effect on their office and residential businesses.

“Our direct exposure to POGO is rather limited. Only 1% of our office portfolio is occupied by POGOs,” she said.

“We were never a big POGO locator. It has even gone down over the years. Now, we’re down to 1%. In terms of our sales, we have very little sales to Chinese buyers in general, whether POGO or not,” she added.

Ms. Dy said that ALI conducted checks across its residential buildings following the announcement of the ban and found that only less than 5% are occupied by POGOs or probable POGO employees.

“Our products are not that exposed to the POGO market, either directly in the office or indirectly as tenants for our residential buildings,” she said.

Sy-led conglomerate SM Investments Corp. (SMIC) said the POGO ban also has no impact on their property business. SM Prime Holdings, Inc. develops residential and commercial properties through SM Development Corp.

“Fortunately, (the POGO ban) has no impact to us,” SMIC President and Chief Executive Officer Frederic C. DyBuncio said in a mobile phone message after being asked for comment.

In a recent disclosure, Gotianun-led Filinvest REIT Corp. (FILRT) said that it is not affected by the POGO ban. The company is the real estate investment trust (REIT) of Filinvest Land, Inc.

“FILRT has no POGO exposure and has been free of POGOs since the second quarter of 2022,” it said.

“The company has been deliberately diversifying its tenant mix, with the addition of traditional tenants and coworking locators,” it added.

Luxury property developer Shang Properties, Inc. recently said that the POGO ban will have no effect on the company’s residential business.

“The profile of our buyers is mostly Filipinos. We have a healthy mix of foreign buyers which are not China-based, so we’re not as affected,” Shang Properties Executive Vice-President for Commercial Maria Rochelle S. Diaz said at a recent media briefing.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think that the nationwide ban on POGOs will not harm the office and residential businesses of all property developers?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

PRC to open a new Service Center in Muntinlupa City

July 26, 2021July 24, 2021carlocarrasco

The Professional Regulation Commission (PRC) is set to open a new service center in Ayala Malls South Park, Alabang, Muntinlupa catering to professionals in Metro South.

Mayor Jaime Fresnedi signed a Memorandum of Agreement with PRC-NCR regional director Dir. Lord Louis Valera, Ayala Land Holdings Logistics Corp. (AHLC) President Rowena M. Tomeldan, and AHLC Commercial Leading Head Jessica O. Santos for the turn-over of the service center last July 22.

PRC services will soon be more accessible for professionals living in Metro South as a new Service Center is set to open in Muntinlupa City. Mayor Jaime Fresnedi (left) met PRC-NCR regional director Dir. Lord Louis Valera (right) during the turn-over ceremony of the new PRC Service Center at Ayala Malls South Park, Alabang last July 22. PRC Service Center in Muntinlupa is set to be fully operational in the coming weeks. (source – Muntinlupa PIO)

PRC-NCR director Valera thanked Mayor Fresnedi and the City Government for assisting the commission in bringing its services closer to professionals living in Metro South and nearby areas.

PRC eyes to provide the same services offered by the Head Office in the new service center in Muntinlupa such as Application for Examination, Initial Registration, Renewal of Professional Identification Card, and Certifications of Board Rating and Passing, among others.

PRC Service Center in Muntinlupa is set to be fully operational in the coming weeks.

Other officials who attended the turn-over ceremony include PRC Finance and Administrative Service chief Ronald Watsons, PRC Licensure and Registration Division chief Alfonso Viloria, and PRC ICT Section head Ronald Allan Denoso, Ayala Malls Southpark general manager Jan Estrella, and Mayor’s Office Chief-of-Staff Atty. Rosalina T. Tesorio.

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The above information was sourced from the official press release of the Muntinlupa PIO. Some parts were changed for this website.

Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me as well. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me at HavenorFantasy@twitter.com

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Safety Seal Certification Program launched at Alabang Town Center

June 12, 2021June 11, 2021carlocarrasco

Yesterday, the City Government of Muntinlupa along with their strategic partners Ayala Malls, Inc., Ayala Land, Inc. (ALI) and the Department of the Interior and Local Government (DILG) formally launched at Alabang Town Center the Safety Seal Certification Program which is an attempt to ensure the compliance of private business establishments with the minimum public health standards set by the national government.

In attendance were Mayor Jaime Fresnedi, Ayala Malls, Inc.’s President Christopher Maglanoc, Ayala Land’s VP & Head of External Affairs Dindo Fernando, Ayala Land Malls’ Area Head for South Malls Veronica Arcenas, DILG-Muntinlupa director Bernadette Ferino, DILG Plans and Assistance Programs Assistant Secretary Francisco Cruz and Muntinlupa Congressman Ruffy Biazon.

*The ceremonial handover of the safety seal by Muntinlupa City Mayor Jaime Fresnedi to Ayala Land Malls, Inc. President, Mr. Christopher Maglanoc.*

To put things in perspective, the Safety Seal is an indication that the establishment is compliant in terms of the standard safety protocols including the use of StaySafe.ph app. This is a voluntary inspection coordinated with the LGU or DTI. In essence, the Alabang Town Center has been recognized as a safe place for customers and visitors.

Standing (L to R) were Director Bernadette Ferino of DILG, Muntinlupa; Ayala Malls, Inc. president Christopher Maglanoc; Francisco Cruz, Assistant Secretary for DILG Plans and Programs; Muntinlupa City Mayor Jaime Fresnedi; Congressman Ruffy Biazon; Dindo Fernando, VP & Head of External Affairs, Ayala Land Inc.; and Veronica Arcenas, Ayala Land Malls, Inc. Area Head for South Malls.

*The Safety Inspection Team lead by Gary Llamas of the Muntinlupa City Local Economic & Investment Promotions Office.*

*Ayala Land Malls, Inc. Area Head for South Malls Veronica Arcenas with Congressman Ruffy Biazon.*

Visit the Alabang Town Center soon. It is safe for you and your family.

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Huelgas and Burgos Lead All Vermosa Aquathlon 1 Winners

March 14, 2020March 13, 2020carlocarrasco

Huelgas and Burgos Lead All Vermosa Aquathlon 1 Winners

2-time Southeast Asian Games (SEA Games) gold medalist Nikko Huelgas and Erika Nicole Burgos proved how strong they are among all the winners in the standard distance contest of the Vermosa Aquathlon 1 which was held recently at the world-class Ayala Vermosa Sports Hub in Imus City, Cavite.

Huelgas was unstoppable from start to finish as he finished the 500 meter swim- 5 kilometer run course in a swift 25 minutes and 54 seconds, easily winning the Male 25-29 age-group title. Meanwhile the next two fastest males were from the 18-24 category namely Juan Francisco Baniqued and Inaki Lorbes who finished in 27:00 and 27:17 respectively.

*2-time SEA Games gold medalist Nikko Huelgas posed for this blog after the race at Vermosa.*

Among the ladies in the event presented by Ayala Vermosa Sports Hub, Standard Insurance, Apollo Petroleum Jelly, Alviera, LeGarde L-Carnitine, Smart, official timing partner Garmin, hydration partners Pocari Sweat and Sip Purified Water, shoe partner Saucony and recovery partner Air Relax Massage Guns Philippines, Erika Nicole Burgos emerged as the Female 18-24 champion after clocking in 30:33. She was followed by Female 15-17 champion Olivia Kwon with 33:25 while Female 18-24 entry Bea Marie Quiambao registered the 3^rd fastest time of 34:30.

The relay champions declared were Team AA (All-Female) composed of Mikaela Arroyo and Boo Pascual, Team Good Boiz (All-Male) composed of Hjalmar Pasaylo and Lorenzo Joaquin Solda, and Team GG (Mixed) composed of Gabriella Venturina and Mark Garin.

Nikko Huelgas, who won the SEA Games gold medals in 2015 and 2017, had high praise for the quality of the design of the race course stating that the lanes in the Olympic-sized swimming pool were spacious while the angular roads around Vermosa provided nice challenge. This was also his first time ever to race in the venue.

Meanwhile, Get Coach’D coach Doray Ellis stated that their team’s preparations, which includes training at Vermosa, paid off nicely as their members won a huge number of awards across different age-groups. For the past two years, their youth athletes developed their racing skills and became more competitive as they grew. Erika Nicole Burgos is a member of their team.

“Despite what has been going on around us, we are very happy with the huge turnout of participants as well as Bike King’s decision to push through with this first race we hosted this year. We are looking forward to hosting this June’s triathlon event and two more aquathlon events in the months to come,” said Vermosa operations manager Andrea Intalan.

The Top 20 finishers of the standard distance contest individual category in the event earned points for the simultaneous Ayala Vermosa Sports Hub Series and the Sun Life Aquathlon Series. The Top Aquathlete per age group will be declared later this year.

For complete race results and lists of winners (including the shorter distances) of Vermosa Aquathlon 1, visit http://bikekingphilippines.com.

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Ayala Vermosa Sports Hub (AVSH) is a complete one stop training facility for tri athletes and sports enthusiasts. The first development in the country that integrates an Olympic size pool, football field, track oval and sports and science laboratory.

This press release was issued on behalf of Bike King Philippines and Ayala Vermosa Sports Hub.

Vermosa Aquathlon 1 All Set for March 8

March 7, 2020carlocarrasco

Vermosa Aquathlon 1 All Set for March 8

The world-class Ayala Vermosa Sports Hub in Imus City, Cavite, is ready to welcome back a wide field of participants from around the nation as the Vermosa Aquathlon 1 fires off on the morning of March 8.

In this official launch event of the 2020 editions of the Ayala Vermosa Sports Hub Series and the Sun Life Aquathlon Series, participants as young as 7-years-old to adults over the age of 50 will take on age-appropriate race distances when the gun goes off at 6:30 a.m., beginning with a swim in the Olympic-size pool followed by a run around Vermosa and finish at the track oval. The longest course is the standard distance composed of a 500-meter swim and the 5-km run. The shortest course is a 100-meter swim and a 600-meter run for kids aged 7 to 10.

At stake in the event presented by Ayala Vermosa Sports Hub, Standard Insurance, Apollo Petroleum Jelly, Alviera, LeGARDE, Smart, official timing partner Garmin, hydration partners Pocari Sweat and Sip Purified Water, shoe partner Saucony and recovery partner Air Relax Massage Guns Philippines are medals for all finishers, trophies and gift packs for the winners in each category. The awarding ceremony will take place at around 10AM at the pool area.

With regards to the Ayala Vermosa Sports Hub Series and the Sun Life Aquathlon Series, points will be awarded to the Top 20 finishers of the standard distance individual category for each aquathlon event. By joining the races of each series, participants can vie for the honor of being named the Top Aquathlete in their age group by the end of this year.

For more information on the Vermosa Sports Hub and the March 8 event, visit http://bikekingphilippines.com as well as http://vermosa.ph. For social media updates, follow @VermosaPH on Facebook, Instagram and Twitter.

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This is an official Press Release issued on behalf of Bike King Philippines and Ayala Vermosa Sports Hub.

Delos Reyes and Ganzon Fastest in Alviera Bike King Duathlon

September 14, 2019September 14, 2019carlocarrasco

DELOS REYES AND GANZON FASTEST IN ALVIERA BIKE KING DUATHLON

Standout duathlete Joey Delos Reyes and former national duathlon champion Alexandra Ganzon proved their excellence among the large field of athletes by registering the fastest times within their respective genders in the Alviera Bike King Duathlon that was held recently at Alviera in Porac, Pampanga

Delos Reyes, who previously topped the 2016 and 2017 editions of the Bike King Duathlon series, finished the long distance 6 Kilometer run – 60 Km bike – and 4 Km run event in 2 hours, 13 minutes and 20 seconds capturing easily the Male 30-34 age-group title. A few minutes later, Male 25-29 contestants Jarwyn Banatao and Cipriane John Topia crossed the finish line neck-and-neck at 2:16:02 and 2:16:03.

Delos Reyes stated that during the race, he and a teammate were pacing with each other while cycling along the Subic-Clark-Tarlac Expressway (SCTEX) until that teammate suffered a flat tire. From that point on, Delos Reyes went ahead on his own and maintained his lead until the end.

Among the ladies in the event supported by Alviera, NLEX-SCTEX Metro Pacific Tollways, Standard Insurance, official timing partner Garmin, Smart, and Hydration partners POCARI Sweat and Sip Purified Water, Alexandra Ganzon easily topped the Female 30-34 category with a time of 2:34:40. More than half an hour later, Female 40-44 champion followed at 3:08:48 while Female 35-39 champion Bubbles Paraiso came in next at 3:09:07.

For the sprint distance contests, the fastest males were 20-29 champion Reymart Songo with 1:14:45, 15-19 champion Irienold Reig, Jr. with 1:14:50 and 15-19 2d placer Richard Anson Navo with 1:15:27. The fastest sprint females were 15-19 champion Erica Bulatao with 1:30:54, 40-49 champion Bic Ferreria with 1:37:33 and 20-29 champion Aira Lourdes Lopez with 1:39:56. Other declared champions of the long distance and sprint distance can be found at the event’s page at the official website of organizer Bike King.

“We are happy that even though Alviera is located quite far away from Metro Manila, a lot of participants invited by Bike King arrived and went on to race and have a good time,” said Alviera Estate Manager Aris Pangilinan. Pangilinan and Jenny Chico of NLEX-SCTEX took part in the awarding ceremony.

Close to 500 participants joined the event hosted by Alviera, which is an 1,800-hectare sustainable estate by Ayala Land and Leonio Land that features a diverse mix of residential dwellings, commercial districts, industrial parks, institutions and leisure facilities located close to the Porac exit of the SCTEX. Since 2017, a gated subdivision with new homes have been built along with new shopping and dining outlets located near The Sandbox. An industrial park is being developed. For more information, visit http://bikekingphilippines.com.

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PR credit: Bike King

Lorbes and Burgos Fastest in Vermosa Sports Hub Aquathlon 2 (PRESS RELEASE)

September 3, 2019September 3, 2019carlocarrasco

LORBES AND BURGOS FASTEST IN VERMOSA SPORTS HUB AQUATHLON 2

Youth aquathletes Inaki Lorbes and Erika Nicole Burgos proved their might among almost 300 participants by registering the fastest times of their respective genders in the Vermosa Sports Hub Aquathlon 2 held recently at the Vermosa Sports Hub in Imus City, Cavite.

In the standard distance 1-kilometer swim and 7-kilometer run contest, Inaki Lorbes had the best time of 42 minutes and 22 seconds winning the Male 18-24 age category. Richard Anson Navo, who topped the Vermosa Sports Hub Aquathlon 1 last March, had the next fastest time with 44:33 topping the Male 15-17 category. The 3^rd fastest time was 46:50 by Juan Francisco Baniqued who ended up 2^nd in the Male 15-17 category.

Among the ladies in the event supported by Vermosa Sports Hub, Avida, Smart, Standard Insurance, official timer Garmin, SPEEDO, Apollo Petroleum Jelly and hydration partners Pocari Sweat and Sip Purified, Erika Nicole Burgos started very strongly in the swim leg (event best swim of 14:46) and maintained her lead to capture the Female 15-17 title in a total of 50:43. Her competitor in the Female 15-17 category, Olivia Kwon, finished next in 55:02 while Female 30-34 champion Nancy Giganon registered the 3^rd fastest standard distance time with 1:00:27.

For the Team Relay standard distance contests, Team Get Coach’D emerged as the All-Male Relay champion, Power Sisters as All-Female Relay champion and Amigo Tri as the Mixed Relay champion. All other declared champions of the standard distance, petite distance and other distances can be found at the event’s page at the official website of organizer Bike King.

Apart from awarding the winners of the aquathlon, the Top Aquathletes of the Vermosa Sports Hub Multisport Series 2019 (composed of three events) were declared and awarded accordingly by the organizers. Their respective names and final series scores are available for viewing at BikeKingPhilippines.com

“My series victory today was somewhat unexpected as I was supposed to be off-season now. Because I already participated in the first two events of the Vermosa Sports Hub Multisport Series this year, I decided to compete today and I got rewarded. This was a fulfilling race and I like racing in this venue,” said Raymund Velasco of Team Sante Barley who won the male 30-34 title for 2019. He was the champion of his category in the first aquathlon (March) and the sprint triathlon (June) that were part of the series.

Other winners – both from the Aquathlon 2 and the Vermosa Sports Hub Multisport Series – mentioned they and their teammates had trained at the Vermosa Sports Hub facility in preparation for each event this year.

The Vermosa Sports Hub will host the Sun Life Aquathlon Series Championship on October 13. For more information, visit http://bikekingphilippines.com and http://vermosa.ph.

The Vermosa Aquathlon is Vermosa’s signature event, now on its 3rd Leg. Vermosa Sports Hub (VSH) is a complete one stop-training facility for triathletes and sports enthusiasts. The first development in the country that integrates an Olympic-size pool, football field, track oval and sports and science laboratory. Follow Vermosa in Instagram and Facebook for event details and reservations: @Vermosaph

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PR Credit: Bike King

Vermosa Sports Hub Aquathlon 2 Set for August 25

August 21, 2019carlocarrasco

VERMOSA SPORTS HUB AQUATHLON 2 SET FOR AUGUST 25

Close to 300 youths and seasoned multisport athletes from around the nation are ready to test their mettle in the Vermosa Sports Hub Aquathlon 2 event set for August 25 at Vermosa Sports Hub along Daang Hari, Imus City, Cavite.

In this latest event of the ongoing Vermosa Sports Hub Multisport Series 2019 and the Sun Life Aquathlon Series organized by Bike King Philippines, participants will perform in their respective categories (with age-appropriate distances) using the Vermosa Sports Hub’s world-class Olympic-size swimming pool and the highly modern track oval. The shortest course is composed of a 100-meter swim and 600-meter run for the kids (age 7-10) while the longest course is 1 Km swim and 7 Km run (for participants aged 15 and older).

At stake in the event supported by Vermosa Sports Hub, Smart, Standard Insurance, official timer Garmin, SPEEDO, Apollo Petroleum Jelly and hydration partners Pocari Sweat and Sip Purified Water are specially designed medals and gift packs for the top 3 finishers of each age-group category. More notably, this event will serve as the final race of the Vermosa Sports Hub Multisport Series 2019 which includes an aquathlon (March) and a triathlon (June) previously held. The Top Athletes of 2019 of the Vermosa Sports Hub Multisport Series 2019 will be awarded after the race.

Also up for grabs are points for the Top 20 finishers in the standard distance category which will be counted for the for the search of 2019’s Top Aquathlete in the ongoing Sun Life Aquathlon Series. Vermosa Sports Hub will host the concluding aquathlon series event – the Sun Life Aquathlon Series Championship – on October 13.

The awarding ceremony will take place at around 10AM near the swimming pool area. Spectators and companions of participants are welcome to spend time at the race expo located at the same area

For more information on this event, visit http://bikekingphilippines.com and http://vermosa.ph. Follow @VermosaPH on Facebook and Twitter for updates.

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Vermosa Sports Hub Sprint Tri in the Sports News (June 8, 2019)

June 2, 2019June 8, 2019carlocarrasco

Calling all fans of triathlon and endurance sports events! The Vermosa Sports Hub Sprint Tri is all set to happen at the very modern Vermosa Sports Hub in Imus, Cavite on June 9 (Sunday). It is a sprint distance triathlon event with some shorter courses depending on age-groups.

The event is now in the sports pages of the following newspapers here in the Philippines:

People’s Tonight

Manila Bulletin

Philippine Star

Manila Times

Manila Standard

Business Mirror

You can see complete details of the race from Bike King’s website.

IMG_20190310_091957~2.jpg — *This is a picture of the Vermosa Sports Hub swimming pool that I took during the aquathlon event held there.*

For the newcomers reading this, the June 9 triathlon event is the latest sports event to take place at the Vermosa Sports Hub, the nation’s first one-stop training complex catering to athletes competing in international sporting events and serious sports enthusiasts. It features a 50-meter swimming pool based on FINA (International Swimming Federation) standards and the country’s only International Association of Athletics Federation (IAAF)-certified 400m track oval, a complete indoor training facility, and the 600-sq,m. Sante Fitness Lab, staffed by expert coaches, trainers, and visiting sports institutes.

See you there at Vermosa Sports Hub this Sunday!

Vermosa Sports Hub Aquathlon 1 In The Sports News Today (March 7, 2019)

March 7, 2019carlocarrasco

Vermosa Sports Hub Aquathlon 1 organized by Bike King Philippines this coming Sunday (March 10, 2019) at the Vermosa Sports Hub, Daang Hari, Cavite Province, Philippines, made it in the sports pages of the following newspapers.

Manila Standard

Philippine Star

Manila Bulletin

Business Mirror

Manila Times

For the newcomers here, an aquathlon is a multi-sport event composed of swimming and running. The race set to happen at Vermosa, Cavite is composed of 500 meter swim and 5 Km run (main distance) and 300 meter swim and 3 Km run.

The Vermosa Sports Hub has a very modern swimming pool as well as a track oval.

For more information, visit http://bikekingphilippines.com and http://vermosa.ph. Follow @VermosaPH on Facebook and Twitter for updates.

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Huelgas and Burgos Lead All Vermosa Aquathlon 1 Winners

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Vermosa Aquathlon 1 All Set for March 8

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DELOS REYES AND GANZON FASTEST IN ALVIERA BIKE KING DUATHLON

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LORBES AND BURGOS FASTEST IN VERMOSA SPORTS HUB AQUATHLON 2

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VERMOSA SPORTS HUB AQUATHLON 2 SET FOR AUGUST 25

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