Quantcast
Latest Stories

Biz Buzz: PPP’s perfect attendance

By

The government’s Public-Private Partnership (PPP) projects may be slow to get out of the starting blocks, but one certainly cannot accuse officials of the PPP Center of sleeping on the job.

In fact, some have observed that they may be a bit too zealous when looking after projects, registering perfect attendance in several of their favorite events. This may include projects that are not even on the official list of PPP deals.

Last week, a ranking official of the PPP Center was spotted at the inauguration of the Harbor Link roadway project of the Manila North Tollways Corp. (MNTC) that will connect the North Harbor with the North Luzon Expressway. Nothing wrong with the PPP official being in attendance, of course, except that … last we heard, the unsolicited Harbor Link was not even a PPP project. Interesting.

The next day, the same PPP official appeared at the board meeting of the Toll Regulatory Board to discuss the delayed connector road project, while the representative from the National Economic and Development Authority was absent. Nothing wrong with that, of course, since the PPP Center is under Neda. But some observers wondered: Does the PPP official now speak for Neda? Interesting.

The PPP official and the representative of the Department of Finance were specially interested in having one proponent, the San Miguel-Citra group, sign a memorandum of agreement with the MVP group before the TRB could approve the project.

But wait … sign an agreement? Isn’t the latter’s project still subject to a Swiss challenge? Even more interesting.

Both the PPP official and the DOF official, incidentally, were the lead people behind the long-delayed Daang Hari project, now two years behind schedule.

And observers thought that the PPP Center was a mere coordinating agency. No wonder the projects are delayed.—Daxim L. Lucas

Tan Caktiong’s ‘Big Sip’

Billionaire Tony Tan Caktiong, founder and president/CEO of homegrown fast-food giant Jollibee Foods Corp., has taken an even higher profile by gracing the February cover of Forbes Asia Magazine. The cover story “Big Sip” talks about Jollibee’s overseas expansion program, particularly in China where the group has now built a 400-store footprint through the acquisition of various local brands.

One key insight shared by Tan Caktiong with Forbes was that he expected operations in China—to date, Jollibee’s biggest overseas market—to break even in the next two years.

“It is a matter of getting to a certain number of stores and continuously growing our same-store sales to achieve absolute profitability in China. We now have nearly 400 stores. We estimate we need 500 to get to break even. We think we can get to that in 2014,” he was quoted in the article.

In a recent disclosure to the Philippine Stock Exchange, JFC had said it was targeting to hit 4,000 stores worldwide by 2020. As of end-September last year, its total network numbered 2,581, of which 2,040 are in the Philippines under various brands Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal and Burger King.

In the Forbes article, Tan Caktiong also shared that he was not forcing his children to work for the company. It noted that the eldest of his three children, Carl Brian, 32, is now the company’s business development director focusing on the 12 Sabu venture with Wowprime in Shanghai, while two daughters live in California.

On his management style, the article described Tan Caktiong as one who “believes in persuading people instead of ordering them, emphasizing coming to a consensus. He motivates people by delegating and maintaining a strong rewards system.”

Finally, Tan Caktiong also shared in the Forbes Asia article his perspective on how Jollibee trumped McDonald’s in this market. The strategy shared to the magazine is no secret at all: “Our [food] tends to be sweeter, [has] more spices, more salty. We were lucky as it was not easy for them to change their product because of their global image.”—Doris C. Dumlao

Signal issues, redux

So once more, GMA Network Inc. is complaining that the signal of its flagship GMA 7 channel was nowhere to be found on the cable TV network of SkyCable, owned by the Lopez family (which owns rival ABS-CBN, of course).

This time around, however, SkyCable didn’t pooh-pooh the complaint. Instead, they immediately sent out an advisory admitting to the … uhm … issues, in an oblique way.

SkyCable said it was working with GMA and the telecommunications regulator to fix the problem.

In the meantime, its recommended solution for frustrated GMA 7 viewers was simple: reset the Digibox consoles and rescan for the 447.0 frequency and search for NIT mode and… OK, that wasn’t so simple.—Daxim L. Lucas

Proving a point

Never mind that leaving the country seems to be in vogue nowadays for people running afoul of local authorities.

The camp of Roberto Ongpin said that the businessman was all set to return to the Philippines on Sunday in his private Dassault Falcon jet, no less.

The big deal, of course, is that the businessman—hounded by some elements of the current administration for his complicated transactions involving the state-owned Development Bank of the Philippines and shares of Philex Mining Corp.—is the subject of a hold-departure order issued by the Sandiganbayan, which was issued a few weeks after he left for a string of business meetings in Europe.

No such temptation for the businessman to cool his heels in Europe, according to his camp. He’s coming home to prove a point… that he’s ready to face his accusers, we’re told.

In any case, Ongpin can always stay in his Balesin Island hideaway off the coast of Quezon province while fighting his legal battles. No need to pass through immigration when flying to the popular resort.

Ongpin’s Alpahaland now has four aircraft (two BAe Jetstreams and two Cessna Grand Caravans), which brought the total number of seats to and from Balesin to more than 200 a day. Just in time for the expected peak during the Holy Week break.

Visitors fearing depleted water supplies during the summer heat need not worry, we’re told. The island’s 1.5-kilometer concrete runway has deep gutters on either side where rainfall runoff is collected and diverted into large ponds, before being filtered.

Security conscious VIPs can also take comfort with the local security staff who are mostly ex-Army Scout Ranger and Special Forces personnel, we hear.—Daxim L. Lucas

Get business alerts and a preview of Biz Buzz the evening before it comes out. Text ON INQ BUSINESS to 4467 (P2.50/alert).


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , court , GMA 7 , hold-departure order , People , Philippines , public-private partnership (PPP) , Roberto Ongpin , Sandiganbayan , SkyCablem , Television , Tony Tan Caktiong

  • http://pulse.yahoo.com/_Q3QGG5QHBLRMZTIYWUFURY6J2E Night

    INUTIL PWENOY

  • George carmona

    Funny how Daxim Roxas tried hard not to appear as Mr. Ongpin’s mouthpiece but ending up with a praise release both for Mr. Ongpin and his exclusive resort. Interesting.

  • http://pulse.yahoo.com/_V6JTYBZXUSXIDCD67ACZK7NUKM Joseph

    The default password on the Digibox is “0000″, btw.

  • FernandoBusi

    Darn wondering how much it would take to have a spot at Balesin sounds better than having your own little hide hole island. 



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Drilon denies involvement in pork scam
  • Complex health care system for California’s elderly and poor explained
  • Malang the croc must regain strength before return to swamp, says mayor
  • Palace: Lacson’s version of Napoles testimony to be evaluated
  • Scientists eye iceberg bigger than Guam
  • Sports

  • Promoters Dela Hoya, Arum in talks for Pacquiao-Alvarez—report
  • Benzema guides Madrid to 1-0 win over Bayern
  • Suns’ Goran Dragic win NBA’s Most Improved Player award
  • Heat go up 2-0, hold off Bobcats 101-97
  • Ronaldo shakes off injury fears to play Bayern
  • Lifestyle

  • Gongs and southern dances star in a workshop at San Francisco Bayanihan Center
  • This woman ate what?
  • Photos explore dynamics of youths’ sexual identity
  • 12th Philippine Food Expo set at the World Trade Center
  • No tourist draw, Malang the croc will remain wild
  • Entertainment

  • Smithsonian wants photos, videos for ‘Day in the Life of Asian Pacific Americans’
  • What Garcia Marquez left behind
  • Has Ai Ai fallen deeply with ‘sireno?’
  • Sony developing live-action Barbie comedy
  • California court won’t review Jackson doctor case
  • Business

  • Metro Pacific acquires stake in Victorias
  • How ‘one percent’ economic elite was uncovered
  • Facebook profits triple as mobile soars
  • Insular Honors Sales Performers at Testimonial Rites
  • Apple increases stock buyback, will split stock
  • Technology

  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • Obama to visit Filipino soldiers in Fort Bonifacio
  • Fil-Am youth conferences unite under one theme
  • Embassy advisory: Filipinos still need visas to enter US
  • No travel restriction to Mideast, DFA clarifies
  • PH-HK relations repaired, but families of victims still being courted
  • Marketplace