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What's On & Expat - Philippines

Aug 5-11, 2007   
 

BUSINESS

 

BPI - Looking at the
Present and the Past


By Carmencita H. Acosta

 

Inaugural Flight of Chinese Airlines to Cebu a Hit

By Richard A. Ramos

TOO BUSY TO DO SOMETHING Too tired to get up and go? Too lazy to go to the bank? What if suddenly, you realize you have forgotten what the balance is on your bank account or credit card?
     Bank of the Philippine Islands, on its 156th anniversary, is offering a new service called BPI Express Mobile. This means you can bank using your cellular phone – but be sure it’s Globe. BPI has tied up with Globe to bring to its clients the convenience of mobile banking. The mechanics on how to enroll is explained in www.bpiexpressonline.com
     One hundred fifty-six years – that’s more than one century and half – of doing banking business is indeed a feat. As BPI looks forward to more innovations in the near future, it would also do well to look backward for glimpses of its colorful history.

              The King of Spain
     In 1828 King Ferdinand VII of Spain issued a decree mandating the establishment of a public bank in colonial Philippines. It was no easy task at the time, hence, it took 23 years before the El Banco Espaņol Filipino de Isabel II came into existence. The bank, located in Aduana Street in Intramuros, was named after the reigning queen of Spain and also the

 

daughter of Ferdinand.

     Involvement of Mr. Ayala
  The first managers of the bank were Jose Maria Tuason and Fernando Aguirre with civil and ecclesiastical officials as board members. Representing the business sector was Antonio de Ayala who ran a business known as Casa Roxas, the precursor of the present Ayala Corporation.

      Spanish Revolution and
    Downfall of the Monarchy

   In 1868 Emilio Castelar launched the Spanish Revolution which led to the foundation of the Republic of Spain. Naturally, the bank aforementioned dropped the name of the deposed queen and came to be known simply as El Banco Espaņol Filipino. Later on, the bank relocated from Intramuros to Plaza Cervantes in the Binondo district which had become the nerve center of retail traffic controlled by the Chinese and the export-import business dominated by the British.

       Enter the United States
   Following Spain’s military and naval defeat in the Spanish-American War, the bank was forced to cut off its Spanish ties and convert to a private bank. It was eventually renamed Bank of the Philippine Islands, a name it has kept to the present.
 

Qatar Airways Scoops
Three Skytrax Awards

Qatar Airways has once again been honored in the annual Skytrax World Airline Awards with three accolades in this year’s survey, including being

Qatar Airways Chief Executive Officer Akbar Al Baker

have once again proved that they have what it takes to deliver the best levels of service in the skies,” he added.   Qatar Airways’ First Class product includes a 180 degree flat bed onboard its long-range

named as having the Best First Class in the world.
  The Doha-based carrier secured the Best Airline in the Middle East award for the second year running, while cabin crew once again won top honours as Best in the Middle East for the fifth consecutive year.
     Qatar Airways also saw its global ranking rise to be named among the top five airlines in the world in the annual survey of almost 15 million international travellers spread across 90 nationalities. The airline’s global ranking rose to a commendable 4th position. The elite top five group features airlines from the service-oriented Far East.
     Earlier this year, Qatar Airways held onto Skytrax’s coveted Five Star award for excellence and service quality.
     The airline’s Chief Executive Officer Akbar Al Baker said he was honored to see such prestigious awards bestowed on the airline.
    “We have come a long way since we launched our airline just 10 years ago and these awards clearly demonstrate that Qatar Airways is firmly in the top league of international airlines,” he said.
     “I would like to thank the staff at Qatar Airways around the world for their tremendous dedication and commitment to the job they do so well. Our cabin crew

 

 Airbus A340s, while the latter aircraft also features a unique First Class lounge for passengers to relax and unwind at 35,000 feet. In November 2006, Qatar Airways opened the world’s first passenger building dedicated to its First and Business Class passengers at Doha International Airport. The USD90 million Premium Terminal features exclusive check-in, duty-free shopping, fine dining, spa treatments, games room, business center and a medical room.
      The award for cabin crew was based on a number of criteria, including professionalism of staff in handling passengers, efficiency, problem-solving, enthusiasm, friendliness and appearance.
    Skytrax Chief Executive Edward Plaisted said the 2007 survey was the longest and biggest ever featuring the most number of respondents in interviews conducted between August 2006 and June 2007.
    The awards are recognised around the world and are renowned for being the only truly global, independent passenger survey.
     Qatar Airways today operates a modern fleet of 58 all-Airbus aircraft to 78 destinations across Europe, Middle East, Africa, Indian subcontinent, Far East and America from its Doha hub.

ONCE AGAIN CEBU scored another hit on the Chinese market as the inaugural flight of China Southern Airlines from Shanghai to Cebu has proven to be a runaway success in terms of visitors’ reception.
     The three-day, four-night stay of the Shanghai visitors last week in Cebu and Bohol has proven to be quite fun-filled and memorable as the visitors had their fill of the various tourism attractions in the Cebu-Bohol corridor.
     In an interview with Gerard Pangga of the Department of Tourism (DOT) Shanghai office, he said the inaugural flight was off to a very good start as the visitors enjoyed the shopping and spas in Cebu as well as the whale- and dolphin-watching activities and the Chinese cuisine in Bohol Beach Club.
     “Cebu is a value-for-money destination since the prices of signature goods is lower here than in China. Likewise, word-of-mouth publicity is quite credible with the Chinese due to their first-hand experience with the destination,” Pangga smiled before reporters gathered at the Cebu Grand Convention Center.
     He added that Cebu is more well known in China due to an extensive marketing campaign involving massive advertising in billboards, radio, print, and television—thus ensuring steady viewership and patronage.
     Manny Osmena, proprietor of Hilton Cebu Resort & Spa, expressed excitement on the influx of the Chinese visitors, saying that it would prove to be very beneficial to Cebu and the country in general.
     “Cebu can capture a small slice of the tourists in Sanya, China. As the favourite holiday destination in China, rooms in Sanya are very difficult to reserve. Luckily, Cebu is just as near to several Chinese provinces as Sanya,” he grinned.
    Sanya, known as the Hawaii of China, is host to several brand hotels, resorts, and

 

restaurants. Room reservations can take months due to the perennial overflow of local tourists.

      Future Developments
    Pangga noted the need for larger aircraft since the plane seating of 150 passengers was already full with 143 passengers plus their heavy luggage.
    “We see the urgent need for the Airbus 330 planes to accommodate more passengers. From twice weekly, I see an increase to four flights weekly and even daily flights before long since all Shanghai-Cebu flights are fully booked till October,” he declared.
    Pangga also disclosed that long-term negotiations were already signed with the Waterfront Cebu City Hotel & Casino and the Marco Polo Plaza Hotel, the two host hotels in the city.
    He stated that other upscale properties such as Shangri-La Mactan and Plantation Bay will soon enter the picture due to the perceived lack of rooms and the strong purchasing capacity of Shanghai, the financial capital of China.
    The Grand Convention Center served as the final stopover of the Shanghai visitors who just disembarked from their whole-day sojourn in Bohol en route to another grand Chinese buffet dinner complete with various cultural presentations.
   VIP guests were DOT Secretary Joseph Ace Durano, Department of Foreign Affairs Undersecretary Frank Benedicto, Cebu Gov. Gwendolyn Garcia, Chinese Ambassador to the Philippines Zhao, Philippine Ambassador to Shanghai Jesus Yabes and Tourism Regional Director Dawnie Roa.
    Chinese visitors took video footages of the five dance troops in action and later joined them in the tinikling, a national dance presentation.
 

 

 
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