Category Archives: Business and Organization Events

Optimizing the Lechon Experience

Whole roasted pig, known in the Philippines as lechon, is one of the favorite dishes of Filipinos. During fiestas, birthdays, weddings, Christmas parties, or any other celebration, it is common to see this dish. It is, in fact, the highlight of most celebrations. There are even times when we crave lechon on ordinary days.

 

In Cagayan de Oro, which is known to be where some of the country’s best lechon are found, there is good news. The city’s first and currently only restaurant that offers eat-all-you-can lechon buffet (with other delicious Pinoy dishes)—the House of Native Lechon—is now open. Before you head off to enjoy their buffet, you may want to check out some tips on how you can best enjoy the lechon experience.

 

Most Flavorful Parts

 

Many people would agree that the most flavorful parts of a lechon are the skin, the ribs, and the belly. Here are the reasons most commonly given on why people love these three parts of a lechon:

 

  1. Skin – People love the crunchy goodness of lechon skin, and it helps that the layer of fat that typically clings to the skin adds to its flavor. The skin is especially good when the pig that is roasted is just a few months old (about four to six months) and has just a thin layer of fat. Sometimes there are even strips of meat that get roasted onto the skin, and these are very flavorful as well; these strips of meat make you enjoy lechon skin even more.

 

  1. Ribs – Among the things that make CDO lechon one of the best in the country (in the world, even) are the spices used by CDO lechoneros. These spices are typically stuffed inside the pig’s belly prior to cooking, which is why the rib area is one of the best parts of a lechon; it has soaked up all the flavors and is therefore mouthwateringly good. And nibbling the meat from the bone is also a fun experience!

 

  1. Belly – Just like the ribs, the lechon belly part right next to it is also full of delicious flavors, having soaked up the goodness of the spices stuffed into the pig prior to roasting. Plus, the fact that the belly is all meat and no bone makes it the best part of a lechon for those who do not care much for nibbling on bones. Yes, you’ll have to wait a while to get to that part, but it sure is worth the wait.

 

Enjoying Lechon

 

Lechon is enjoyable enough as it is, but there are ways for you to maximize your enjoyment of this all-time favorite Pinoy dish. Of course, each person has a different take on how one can best enjoy a serving of lechon, but where we are concerned, here are the best ways to optimize the lechon-eating experience:

 

  1. Eat with your bare hands. Yes, indeed. Kamayan is the way to go when you’re eating lechon. Sure, it will taste just as delicious when you eat it using utensils, but the experience of going kamayan when you’re eating lechon is unbeatable!

 

  1. Eat it with plain steamed rice. When there’s lechon, it definitely is NOT the time to go on a no-rice diet. There’s just something about the lechon-steamed rice combo that makes it oh-so-good. Try pairing lechon with any other food—fried rice, pasta, egg noodles—and you’ll be sure to agree that plain steamed rice is the way to go.

 

  1. If you’re one of those who love lechon skin, here’s a tip: Look for the parts with the bubbles; these are usually the crispiest parts. Its crispiness is one of the reasons why people love lechon skin, so it’s only logical for you to choose the crispiest part.

 

  1. If the layer of fat clinging to the skin is a bit thick, scrape it off. Yes, it adds to the skin’s flavorful goodness, but it can also cause umay (nausea), which destroys the whole lechon experience. Give yourself the chance to eat more of your favorite lechon skin by doing away with the excess fat.

 

  1. Get the ice-cold cola out. Yes, you can eat lechon with any other drink, cold or otherwise. But once you try it with ice-cold soda, you probably won’t want any other combo in the future. There are few things more satisfying than that burp you make after enjoying a lechon/steamed rice/ice-cold cola experience.

 

Are you ready for some lechon? We know we are. Let’s go!

 

Bosch Opens Fourth PH Business Hub in Cagayan de Oro City

Another foreign country has chosen the flourishing city of Cagayan de Oro to be the center of its business operation in Northern Mindanao. This time, it is Bosch, the German multinational engineering and electronics company, that has targeted the city of Golden Friendship as their next business hub in the Philippines. Last June 25, 2015, Bosch has released an official statement confirming their plans of making Cagayan de Oro as an addition to their business centers in the country. And just this August 5, 2016, in Barangay Gusa, Bosch officially inaugurated their new business center. Bosch’s newest hub is located at Neo Arcade Building in Gusa.

Bosch building in philippines

Present during the inauguration was Andrew Powell—Bosch’s Marketing Manager—who expressed his excitement of opening their 4th business center in the Philippines. According to Powell, they are aware that Cagayan de Oro is the best place to expand their business, especially with the current plan of the Duterte administration to transform Mindanao as the country’s economic powerhouse. Continue reading

Red Cross Philippines – Saving Lives Since 1917

Among the many humanitarian organizations that operate worldwide, the International Committee of the Red Cross is absolutely the most recognized. Established in 1863 by Henry Dunant and Gustave Moynier at Geneva, Switzerland, the International Red Cross aims “to protect human life and health, to ensure respect for all human beings, and to prevent and alleviate human suffering.” Currently, the organization has more or less 97 million volunteers and staff working in all parts of the globe.

In the Philippines, the idea of forming a national Red Cross was spearheaded by Apolinario Mabini. On February 1899, Mabini’s request was approved by the Malolos Republic and the Constitution of the National Association of Red Cross was born. But although the Filipino Red Cross Society was already operating in the Philippines for quite a while, it was only on December 4, 1917 when the country’s Red Cross was officially recognized as a chapter of the American Red Cross.

Red Cross Team in the Philippines

During the time of President Manuel L. Quezon in 1936, plans of creating an independent Red Cross were again petitioned but since the country was considered as a US territory (and then, later on, a U.S. Commonwealth), it couldn’t be recognized by the International Committee of the Red Cross in Geneva. Finally, in 1947, under President Manuel Roxas, the country’s Red Cross movement was recognized by the ICRC after we gained our independence.

A few years back, the Philippine Red Cross only focus on blood-letting and disaster-related activities, but today, they now offer a wide selection of humanitarian aid-related services. Currently, the PRC is providing six major services: Disaster Management Services, National Blood Services, Health Services, Safety Services, Red Cross Youth, and Welfare Services. From its main office in Bonifacio Drive Manila, PRC has also branched out around the country including in Cagayan de Oro City.

Red Cross in the Philippines

In Cagayan de Oro, the Misamis Oriental Chapter of Philippines Red Cross is located at Barangay 27. Aside from that, a regional blood center is situated at Capitol University Medical Center Compound. Red Cross’ blood center is responsible for the blood supplies in Northern Mindanao and other neighboring regions. The Philippine Red Cross – Misamis Oriental Chapter was first established in 1946 after Dr. Jose Carillo—Manila Red Cross Chapter’s former administrator—visited CDO. The purpose of Dr. Carillo’s visit was to organize another Red Cross chapter that would start the movement in Misamis Oriental and Bukidnon. Since then, the humanitarian organization has been assisting the city.

Apart from supplying the people’s need for blood and conducting blood-letting activities, the Philippine Red Cross Misamis Oriental Chapter is also involved in other activities. In the aftermath of Tropical Storm Sendong, Red Cross was one of the first organizations to offer help and conduct rescue operations.

For those who want to donate blood or become a Red Cross volunteer, you can visit their chapter or call them at 856-8855. You can also send them an e-mail at [email protected]

 

Kagay-anon Update – A Look at the City’s Booming Real Estate Sector  

Last March 2016, Johndorf Ventures Corp. (JVC), a Cebu-based developer, has announced that it will be launching another real estate project in Cagayan de Oro City. The project, which is named Montierra Subdivision, will open 600 new homes for middle-class families in the city. In a recent gathering, JVC has already introduced their upcoming project to more or less 300 agents and brokers, right after getting their license to sell from the HLURB or Housing and Land Use Regulatory Board.

According to Michele Chiu-Bacungan, JVC Sales and Marketing Manager, the Montierra project will be officially launched in April with a special event at the site in Balulang. However, prior the official launch, Johndorf will be holding a pre-selling activity at Mallberry Suites in Limketkai Center. For this project, JVC has allocated a total of PHP 6 Million. Once finished, Montierra will be a master-planned residential community featuring two-storey Asian townhouses located near Cagayan de Oro’s commercial hub.

Montierra townhouse in Cagayan de Oro

Johndorf Ventures Corp. isn’t the only real estate developer that will be launching projects in Cagayan de Oro this year. As a matter of fact, Italpinas Development Corporation (IDC) – the country’s premier developer of sustainable homes – is also set to launch Primavera City during the second quarter of 2016. Primavera City is IDC’s follow-up project to their successful and multi-awarded Primavera Residences, which has been praised internationally for its luxurious design and eco-friendly architecture.

The new project will be built at Pueblo de Oro Business Park, one of Cagayan de Oro’s commercial districts. For this project alone, Italpinas has allocated a total of PHP 653 Million.  IDC is considered as a major player in the city’s real estate sector; the company specializes in green building design and sustainable development. Apart from Italpinas and Johndorf, real estate developers such as Ayala Land, Inc., Filinvest Land, Vista Land and Lifescapes, Inc., and Avida Land Corp. have existing projects in the city.

Cagayan de Oro – A Real Estate Hotspot in Mindanao

Last 2015, during his public message for the city’s 65th Charter Day Celebration, Mayor Oscar Moreno has made an announcement regarding the city’s progress. According to him, the city of Cagayan de Oro is expecting a total revenue of PHP 4.8 Billion this 2016, which is 85% bigger than the city’s 2015 annual revenue of PHP 2.6 Billion. Because of the many investments and business activities in the city, Cagayan de Oro has been hailed as one of the three cities outside Metro Manila to have reached an annual income of PHP 2 Billion, with Davao and Cebu being the two other cities.

When asked about the city’s fast economic progress, City Treasurer Glenn C. Banez has pointed out the city’s real estate sector as its driving force.  It has been quite noticeable that over the past few years, real estate developers have been investing and launching projects in the city and because of this, the sector has contributed a lot to CDO’s rapid progress.

It is not surprising that a lot of real estate developers are investing in the City of Golden Friendship. Cagayan de Oro City has long been attracting investors and businesses, especially because of its strategic location. Considered as the Gateway to Northern Mindanao, the city of Cagayan de Oro is now one of the country’s highly urbanized areas and most progressive cities. It has even been named by the National Competitive Council as the Most Competitive City in 2014. The city has also been a mainstay in the list of the most peaceful and most beautiful cities in the Philippines.

According to a particular real estate blog, the reason why Cagayan de Oro is now a real estate hotspot is the city’s positive and quick financial growth. As what the National Economic Development Authority (NEDA) has said, the Cagayan de Oro City is a flourishing commercial and business hub; it can even be considered as the largest international and domestic seaport in Mindanao, especially now that the Port of Cagayan de Oro has been rehabilitated.

But if there’s one thing that really attracts real estate developers to invest in the city, that would be the booming BPO sector of Cagayan de Oro. Currently, the city has two IT buildings and five IT parks.  And as what the former Director-General of NEDA said, there’s a great chance that Cagayan de Oro will become Mindanao’s next financial and business center.

With the city’s rapid growth and development, it is only to be expected that in the years to come, more real estate developers will launch projects and provide world-class affordable homes to both Kagay-anons and the people relocating to the city.

 

Bad Burgers: The Newest Burger Joint in CDO!

Bad burger banner

Bad Burgers is the newest go-to place in Cagayan de Oro if you want mouthwatering burgers of any kind. Yes, “of any kind,” because they serve different varieties of burgers. So, there’s something for every kind of burger lover.

If you haven’t tried them yet, you’re missing a lot. For starters, they serve thick, juicy, no-frills burgers. Second, since they offer different types of burgers, you can have fun trying out all the burgers that catches your fancy. In other words, you can have a burger party! Wouldn’t that be fun?

Seriously, though, you should really try them out, especially if you are a burger lover. Our sesame seed-covered buns are perfect for the juicy burgers; and this is true whether you choose the simple Classic Cheese Burger or the more adventurous Wasabi with Cheese. It’s the taste that makes these Bad Burgers stand out.

The Bad Burgers Experience

The Classic Cheese Burger is perfect for people who do not want a lot of stuffing in their burgers. But, if you want to try something that’s out-of-the-box, your first choice should always be the Donut Burger. Yes, a donut that’s also a burger! Interesting, don’t you think so? The Donut Burger is a Krispy Kreme Original Glazed Donut with mouthwatering burger patty. It’s the perfect combination of sweetness and the unique meaty taste of burgers. You won’t find this anywhere else in CDO but only at Bad Burgers.

cheesy mushroom burger

Of course, you can also choose to enjoy the usual favorites like the Cheesy Mushroom Burger, the Hawaiian with Cheese Burger, and the Coleslaw with Cheese Burger. But, if you want a different kind of burger experience, the kind that only Bad Burgers can give, go for the Pepper Coulis (for that peppery spice taste), or the Pesto with Cheese Burger (for those who love to-die-for pesto!).

Go All Out!Triple_Threat_Burger

If you’re up for a little challenge, try The Dominator Burger. It’s the only one of its kind in CDO. It’s actually an 8-inch cheese burger sliced into four parts. Just imagine all the juicy goodness you’ll get out of that Bad Burgers treat!

For a double patty experience, go for the Double Foul. If you can’t get enough of burgers, try the Triple Threat (with triple patties). And, if you want something that’s totally unexpected, go for the unique look and taste of our Black Burger. Yes, it’s black, but it doesn’t taste bland. In fact, it’s uber juicy and delicious. Your first bite will give you all the juicy goodness you need. You won’t be saying too much because you’ll find yourself fixated on your tempting and delicious burger. So much so that one order won’t be enough for your hard-to-please palate!

If you want to pair your burger with something appetizing, you’ll have a field day choosing from our list. You can go for the beef nachos or the Buffalo wings. Or maybe you prefer good ol’ French fries? Other choices are beef quesadillas, cheese sticks, meat balls, beef taco, and popcorn.

Not Just Burgers

Not a burger lover but you still want to hang out at Bad Burgers? Worry not, because the best all-day breakfast meals are yours to savor! Pancakes and omelets cooked our way are sure to keep you on your toes the whole day!

And, of course, there will be times when one or two burgers won’t be enough for you. This is when you’ll want to try our grilled favorite, the baby back ribs. These are ribs grilled to culinary perfection; you won’t find anything that tastes like these ribs. Fall-off-the-bones softness, and a taste that pleases your senses… an all-time grilled goodness that only Bad Burgers can give you!

Finally, as they’re sure you’ll want to cap off your meal with something delightfully refreshing, they made sure that our list of thirst-quenching drinks is close to perfection: pitchers of iced tea, sodas, juice, and beers. Lots and lots of beer. From Stella Artois to Hoegaarden, to Budweiser and Becks, to Tsingtao and Corona, to San Miguel Beer, you’ll have plenty of beers to choose from here at Bad Burgers. All the better for you as you get to try one every time you visit for your burger fix!

Topping It All Off

For the perfect nightcap, Bad Burgers also serves hard drinks like Johnny Walker, Jose Cuervo, Fundador, and Captain Morgan. Non-alcoholic drinkers will also love the fact that they serve brewed coffee and hot choco.

Bad Burgers has practically everything you would look for to have a delicious, satisfying meal. And that’s one of the things that sets them apart from the other burger joints in the city. But, really, the best thing about Bad Burgers is the texture, taste, and flavor of their patties. It’s definitely a game-changer in our burger-crazed world!

Italpinas Development Corporation’s Primavera Residences and More

A leading real estate development company, especially for its self-sustaining architectural design and for promoting environmentally-friendly commercial and residential construction practices, Italpinas Development Corporation (IDC) has undoubtedly solidified its status not just in the real estate sector, but in the corporate world as well. The company’s projects are setting the bar high for other up-and-coming real estate development companies.

Here are some of the projects that have given IDC major recognition from both local and international groups, businesses, and investors.

Primavera Residences (Cagayan de Oro)

Primavera Residences (Cagayan de Oro)

This is the green building project that has earned Italpinas their International Finance Corporation (IFC) World Bank Group – Excellence in Design for Greater Efficiencies (EDGE) certification. The Primavera Residences twin tower project is the epitome of green living and what human ingenuity can accomplish. The towers have already been recognized for their unique, modern design. If you look a little closer though, you will quickly realize that the buildings are more than just a façade; a welcome addition to the city’s skyline, they are actually an architectural marvel in terms of efficiency and functionality.

Some of the green features of Primavera Residences include:

  • Photovoltaic solar panels on the rooftop that serve as a source for renewable energy. Made of amorphous silicon, the panels are virtually unbreakable and have a high heat tolerance.
  • Open inner courtyard, allowing natural light and ventilation to pass through. This eliminates the need to turn on electric lights during the day.
  • Unit/apartment cross ventilation design helps reduce indoor heat.
  • Façade shadowing system, or shelters, are designed not just for cosmetics purposes but for heat reduction as well. The shelters work by shielding windows from the sun’s rays during the hottest hours of the day, further reducing internal heat.

All of these features put together could help reduce overall energy consumption by up to 20%.

MIRAMONTI (Sto. Tomas, Batangas)

MIRAMONTI (Sto. Tomas, Batangas)

With a total project development cost of approximately $124.5 million, you can see that Italpinas is quite serious when it comes to providing top quality design and development. The total buildable area covered by this mixed-use condominium is around 120,000 square meters. Phase 1 alone is composed of about 2,000 square meters.

The first two floors are designed for commercial space, with 1,500 square meters of space per floor. There are two parking levels, which are also 1,500 square meters each, and 20 residential floors of approximately 800 square meters per floor. In keeping with IDC’s self-sufficient design, Miramonti also features photovoltaic solar panels on the rooftops to serve as a source of renewable energy.

Shelter of Light (Payatas, Quezon City)

Shelter of Light (Payatas, Quezon City)

Albeit still in a concept design phase, looking at the initial designs will really inspire awe even in those who have no interest in architecture. Once completed, Shelter of Light will be an eco-friendly multipurpose public hall that’s located in Payatas, Quezon City. This is a partnership project between IDC and My Shelter Foundation, an organization that promotes the use of recyclable materials like plastic soda bottles, bamboo, solar panels, and Onduline—a lightweight but extremely tough, corrugated wall cladding and roofing material.

Coral City (Quezon City, Metro Manila)

Coral City (Quezon City, Metro Manila)

Coral City is a green, mixed-use socialized housing project in Quezon City that has a total buildable area of around 30,000 square meters. The architectural design concept has received the “Special Energy Award” from the Design Against the Elements International architectural competition. This energy-efficient housing complex is comprised of a group of individual buildings that feature a number of structures and spaces, which include inner courtyards, parking, flood-proof shelters, and other eco-friendly facilities. The total project development cost is estimated at around $10 million.

Italpinas Development Corporation has certainly shown what they can do, and achieve, given the opportunity. The company’s green-oriented approach to architectural design is truly revolutionary. An office building project in Mandaluyong, Metro Manila for a particular telecommunications company, for example, shows architectural design concepts that are at the forefront of Philippine architecture and design. And again, this building features eco-friendly elements that aim to reduce energy consumption and waste.

Additionally, in the second quarter of this year, IDC will unveil its newest green living development in Cagayan de Oro. Primavera City is another sustainable-development project and will have passive green features like the semi-transparent photo-voltaic already being used in the rooftops of their existing developments.

Truly, Italpinas is at the forefront of the green living revolution in the Philippines. With all these and other projects in the planning stages, IDC intends to create a community where people can live in affordably, safely, and conveniently.

 

Aperitivo Italiano – A Night of Italian Culture, Cuisine and Wine

On October 16, 2015, a must-see Italian-inspired event will be held at Mallberry Suites, Cagayan de Oro City.

“L’ Aperitivo Italiano CDO” is an exclusive event which will showcase Italian culture and cuisine. Each participant will enjoy 2 glasses of free wine, plus their pick from an unlimited array of Italian dishes and delicacies.

Aperitivo Italiano Invitation

This event promises to be very educational and exciting. Raffle promos will also be held during the evening. Tickets are limited, and payments are expected on or before October 13, 2015.

For further inquiries, please contact Ms. Sunshine Paquibot (09279964752 – [email protected]) or Ms. Gem Padilla. (09177241220 – [email protected]).

L’ Aperitivo Italiano CDO is brought to us by The Italian Embassy, Italian Chamber of Commerce in the Philippines, Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. and Dante Alighieri (DA)-Manila, in partnership with Pueblo de Oro Development Corporation, Primavera Residences, Businessweek Daily, Mindanao Daily News, RedLemon Digital Media, Urban Park, and Junno Delicafe.

Peace in Mindanao – Rotary Club of CDO’s Focus for I.D.E.A. 2015

Last September 11-12, 2015, more than 100 students coming different schools in Northern Mindanao gathered at Liceo de Cagayan University to participate in this year’s I.D.E.A.— an invitational for debate, essay and, art competition organized by the Rotary Club of CDO Premier. For this year’s competition, the Rotary Club of CDO Premier has focused on the current issues that Mindanao is facing—the pending approval of the BBL (Bangsamoro Basic Law) and the formation of the Bangsamoro region. With the theme “Peace in Mindanao,” this year’s I.D.E.A. was aimed to two areas of focus of the Rotary International—the promotion of peace and the resolution of conflict.

Rotary Club of CDO Premier’s I.D.E.A. was intended to function as an avenue for today’s youth to be able to express their thoughts and opinions freely regarding the impending changes in Mindanao with the advent of the BBL and the creation of the Bangsamoro region. The event also served as a platform to raise awareness of the peace and conflict issues in our island. During the I.D.E.A. 2015, the youth were able to raise their ideas and have it heard by the people.

Rotary Club of Cagayan de Oro

The two-day competition did not only stimulate the awareness of the youth toward Mindanao’s current state, but it also honed their skills in writing, debating, painting, and drawing through essay writing, debating, acrylic painting, and editorial cartooning competitions. I.D.E.A.’s debate finals will be televised soon through a delayed telecast while the editorial cartoons and essay are set to be published in national and local newspapers. The paintings, on the other hand, will be available for viewing at Ayala’s Centrio Mall. Prior to the Awarding Ceremony last September 12, the Rotarians have also conducted an auction for the Acrylic Paintings with bids starting from Php500.

Here’s the list of the winners during the recently concluded I.D.E.A. 2015:

Debate Competition

Champion – St. Mary’s School (Cagayan de Oro)

Lorenzo Lagamon, Joseph Emmanuel Argayoso and Jibrail Pandi

Runner-up – Philippine Science High School – Central Mindanao Campus (Lanao del Norte)

Reian Cristopher Paraguya, Patricia Bobadilla, and Jadel Dungog

Finals Best Speaker – Lorenzo Lagamon (St. Mary’s School)

Preliminary Rounds Best Speaker–Lorenzo Lagamon (St. Mary’s School)

Kyla Marie Ibarra (Liceo de Cagayan University)

Essay Writing Competition

1st Place – Ericka Faith Ruizal (Philippine Science High School – CMC, Lanao del Norte)

2nd Place – Celes Patricia Tero (Xavier University High School)

3rd Place – Earl Hans Abellanosa (Corpus Christi School – Macasandig)

Acrylic Painting Competition

1st Place – Hazel A. Carillo (Xavier University High School)

2nd Place – Jonathan C. Dizon (Liceo de Cagayan University)

3rd Place – Kim Liam Andre C. Nale (Corpus Christi School – Macasandig)

Editorial Cartooning

1st Place – Kenneth Tupag (Initao National Comprehensive High School)

2nd Place – Justyn Clear Salise (Philippine Southfield School)

Carmela Emmeline Gabiana (St. Mary’s School)

3rd Place – Jamayla Julia Narvasa (Corpus Christi School – Pueblo)

Congratulations to the winners of this year’s Invitational Debate, Essay, and Arts Competition, and also to the Rotarians of CDO Premier who have successfully instilled life-long values to the future of our nation!

Italpinas to Raise PHP242 M through IPO before 2015 Ends

Italpinas Euroasian Design and Eco-Development Corporation (ITPI)—Primavera Residences’ developer—has been vocal about its plan to maximize the company’s fund through an initial public offering. As a matter of fact, the Italian-Filipino real estate development firm has already filed at                                                 the Securities and Exchange Commission for a registration statement last May 26, 2015 to process the IPO of the company. Known for developing sustainable designs on real estate ventures, Italpinas is aiming to use the additional PHP 242 million fund to continue its ongoing projects and also to back their future undertakings. The company is pushing to attain this supplementary fund by the last quarter of 2015.

Primavera Residences (Cagayan de Oro)

Italpinas or IDC is a property developer that focuses on combining sustainable designs in building modern houses, condominiums, etc. Incorporated in 2009, the company is a dual venture of Romolo V. Nati—multi-awarded Italian architect and Italpinas’ Chief Operating Officer and Chairman—and Filipino lawyer Jose D. Leviste III, who is currently the vice president of the development firm. Leviste’s father, Jose P. Leviste Jr., has also joined the company’s endeavor in establishing sustainable property developments around the country; he is presently the president of Italpinas. The company was formerly known as Italpinas Euroasian Design and Eco-development Corporation but the name was later changed to Italpinas Development Corporation (IDC).

Exactly three months after Italpinas filed for a registration statement at SEC, the company has filed again last August 28 for an amended prospectus. The leading development firm is planning to raise PHP242 M by offering 57.622 million primary common shares to the public, which will be sold at a maximum price of PHP4.20 per share.

According to the amended prospectus, the number of shares to be sold through IPO corresponds to 26% of the company’s outstanding capital shares. The remaining 74% outstanding capital shares are still named under the company’s current stockholders. Italpinas’ major stockholders are Jose Leviste, Jr., Romolo Nati, and Jose Leviste III, who hold 94% of the remaining outstanding capital shares.

Proceeds of Italpinas’ initial public offering will be used to finance Primavera City, its upcoming mix-scale sustainable development in the City of Golden Friendship. After Italpinas’ green condominium project, Primavera Residences, another high-rise and green building in CDO, will be built soon. Once it’s finished, Primavera City will be the country’s milestone in ecological development combining solar energy, water recycling, natural ventilation, and a number of green features installed in the interiors and exteriors on the soon-to-rise building.

Primavera City in Cagayan de Oro

It is already projected that after the initial public offering, Italpinas will generate PHP450.12 M market capitalization, making its current PHP480.68 M increase to PHP930.8 M. All throughout the initial public offering, Unicapital Inc. will be the sole underwriter and issue manager of the whole transaction. A total of PHP120.8 M will be used to supply the company’s capital expenditures for the following: land banking acquisition (PHP47 M), general working capital (PHP33.12 M), retirement of existing loans (Php20 M), and new projects (Php120.68 M). Funds collected from the IPO will be used by the company from the last quarter of 2015 up to 2016.

Cagayan de Oro: Looking Towards a Vibrant Future

Despite being rocked by a bombing incident last year, Cagayan de Oro (CDO) has continued to be one of the country’s fastest-rising cities. Just as the city’s residents stood up, moved on, and reclaimed their lives after the tragedy that was Sendong a few years back, they also continued to move forward, undaunted by the threat posed by that single bombing incident. Today, no sign of threat or fear can be seen, as the city’s development continues, seemingly in a race against time itself.

The economic growth and global competitiveness of Cagayan de Oro is such that even a former director-general of the National Economic Development Authority (NEDA), Cayetano Paderanga, Jr., has stated that the city could very well become the new business and financial hub of Mindanao. He further said that Northern Mindanao and the Davao Region are now head-to-head in terms of growth, but NorMin has momentum on its side, so CDO definitely stands a good chance of overtaking Davao City as Mindanao’s economic hub very soon.

City Mayor Oscar Moreno himself has marveled at the huge number of potential growth areas in the city and vowed to harness that potential. The city government has also included a rearrangement of some infrastructure into their development plan, in hopes of easing traffic in the city. With power, peace, and order, and human resource more stable than those in other parts of Mindanao, CDO definitely has the fundamentals of growth covered.

Improvements in Transportation and Commercial Infrastructure

Commercial Infrastructure in Cagayan de Oro

CDO’s development is most obviously seen in its infrastructure. The city government has been building roads, bridges, hospitals, school buildings, and other forms of infrastructure practically everywhere within the city. Investors have also been flocking to the City of Golden Friendship, which is why, when you look around the city these days, you are bound to see commercial establishments rise in just about every area within CDO. Naturally, the rise in the number of business and academic establishments has led to an increase in employment opportunities and a rise in the number people entering the city for work and education.

Economic Boosters

Looking Towards a Vibrant Future with Oscar Moreno

Where employment is concerned, one of the biggest contributors is the city’s BPO industry. The city previously had only a handful of small BPO establishments, but today, it has two IT buildings and five IT parks. Young professionals are therefore increasingly considering CDO as the place to be. Parents with university-bound children also see Cagayan de Oro as the ideal place to send their offspring not only because it has a good number of institutions that offer quality education, but also because more and more opportunities are opening up for new graduates.

Population Rise & Housing Developments

Housing Developments in Cagayan de Oro

With the steady influx of people looking to study and work in CDO, the need for dwelling places was recognized and the real estate industry joined in the infrastructure boom. It is now normal for you to see a subdivision or condominium complex being built around the city. And the good thing is that house-and-lot and condo units have become a lot more affordable in recent years, thereby opening up more opportunities for working individuals and young families to finally have a place they can call their own.

CIW/Jaybuilders’ Industries Inc. – CDO’s Very Own

CIW/Jaybuilders’ Industries Inc.

Amid all the growth and infrastructure development in the city, one name has risen in the world of construction manufacturing and trading—CIW (Cagayan Iron Works) Steel Industries Inc. This company is more widely recognized as Jaybuilders’ Industries Inc., an enterprise that started out as a simple backyard shop in 1983, but is now a highly competitive company that commits to the innovation of building products, the enhancement of building techniques, and the provision of high-quality building products and services along with reliable after sales service.

CIW boasts of a diverse clientele, having worked on a wide variety of projects for both government institutions and private establishments. They have worked on projects that involved the construction of school buildings, churches, hotels, government office buildings, condominiums, commercial centers, and private houses. They have, therefore, become a major player in Cagayan de Oro’s continued infrastructure and economic growth.

Considering their humble beginnings and the fact that they banked on quality workmanship and excellent customer service to slowly but surely grow their business, the Jaybuilders story could very well be an inspiration to the rest of CDO. Their story is proof that while success isn’t gained overnight, it also isn’t out of reach for those who strive hard for it. More importantly, their story runs parallel to that of Cagayan de Oro itself—a story that shows us that for as long as we do not balk at challenges and learn to rise and move forward each time we fall, we will soon find that growth and success are just around the corner.