BUSINESS HEADLINES THIS PAST WEEK...
(Mini Reads followed by Full Reports below)

CEBU PACIFIC SOARS ABOVE COMPETITION - THINK TANK


Budget carrier Cebu Air Inc. (Cebu Pacific) of taipan John Gokongwei has doubled its share to 60 percent of the country’s domestic market, cementing its leadership in the sector previously dominated by flag carrier Philippine Airlines Inc. of taipan Lucio Tan, a regional think tank said. In a recent analysis entitled “Cebu Pacific domestic outlook brightens as Tigerair Philippines recovers and market share reaches 60 percent,” Centre for Asia Pacific Aviation (CAPA) said the low cost carrier has built up a powerful 60-percent share of the domestic market compared to less than 30 percent a decade ago. CAPA cited the decision of Cebu Pacific to acquire low cost carrier Tiger Airways Philippines that has, so far, proven to be successful as it has been able to quickly turn around the carrier while using the new subsidiary to further grow its domestic market share. Citing data from the Civil Aeronautics Board (CAB), CAPA said Cebu Pacific captured 54.4 percent of the Philippine domestic passenger market while wholly-owned subsidiary Tigerair Philippines cornered 6.4 percent. Rival PAL cornered a mere 3.9 percent of the domestic passenger market as it focused on international routes, while low cost carrier unit PAL Express accounted for 25.2 percent of the market. READ MORE..

ALSO NEVER A STUDENT: No college degree, no freedom for Customs exec; 6 years in prison


Telling the good and the bad: Customs Commissioner Angelito Alvarez and Customs Intelligence and Investigation Service’s director Filomeno Vicencio Jr. seized smuggled television sets. PHOTO TAKEN APRIL 11, PHILSTAR FILE 
A former intelligence chief of the Bureau of Customs (BOC) has been sentenced to six years in prison by the Sandiganbayan for falsely claiming that he had a college degree. In a 20-page ruling, the antigraft court’s First Division found Filomeno Vicencio Jr. guilty of falsification of a public document under the Revised Penal Code. Besides the prison term, the court also ordered the former head of the BOC Intelligence and Investigation Service to pay a P1,000 fine. Vicencio, who was appointed by President Gloria Macapagal-Arroyo in May 2009, was charged with falsification by the Office of the Ombudsman after he wrote in his personal data sheet (PDS) that he graduated from the University of the East (UE) in 1969. Never a student The prosecution presented on the witness stand UE registrar Erwin Bermillo who had issued two certifications to the Ombudsman showing that Vicencio “was never a student or a graduate” of the university. READ MORE...

ALSO: SMC: Bigger Boracay airport ready in 2016


Conglomerate San Miguel Corp. said it expects to complete a bigger airport in Caticlan, Malay, Aklan next year to accommodate the growing number of tourists in the resort island of Boracay. SMC said the extension of the runway of Godofredo P. Ramos Airport, also known as the Boracay airport, from 950 meters to 1,800 meters was expected to be completed in 2016, which would enable the airport to accommodate larger aircraft such as Airbus 320. The diversified conglomerate also said the completion and construction of a new and bigger passenger terminal was needed to accommodate a projected increase in tourist arrivals. “Improvements will also allow for night landing, which will further help boost tourism,” SMC said. Caticlan airport, the seventh busiest in the country, is one of the two gateways to Boracay, the other being Kalibo airport. READ MORE... K NOW MORE...


READ FULL MEDIA REPORTS HERE:

Cebu Pacific soars above competition – think tank

MANILA, MAY 4, 2015 (PHILSTAR) By Lawrence Agcaoili (The Philippine Star) | Updated May 2, 2015 - 12:00am

MANILA, Philippines - Budget carrier Cebu Air Inc. (Cebu Pacific) of taipan John Gokongwei has doubled its share to 60 percent of the country’s domestic market, cementing its leadership in the sector previously dominated by flag carrier Philippine Airlines Inc. of taipan Lucio Tan, a regional think tank said.

In a recent analysis entitled “Cebu Pacific domestic outlook brightens as Tigerair Philippines recovers and market share reaches 60 percent,” Centre for Asia Pacific Aviation (CAPA) said the low cost carrier has built up a powerful 60-percent share of the domestic market compared to less than 30 percent a decade ago.

CAPA cited the decision of Cebu Pacific to acquire low cost carrier Tiger Airways Philippines that has, so far, proven to be successful as it has been able to quickly turn around the carrier while using the new subsidiary to further grow its domestic market share.

Citing data from the Civil Aeronautics Board (CAB), CAPA said Cebu Pacific captured 54.4 percent of the Philippine domestic passenger market while wholly-owned subsidiary Tigerair Philippines cornered 6.4 percent.

Rival PAL cornered a mere 3.9 percent of the domestic passenger market as it focused on international routes, while low cost carrier unit PAL Express accounted for 25.2 percent of the market.

READ MORE...
Back in 2005, Cebu Pacific only had a 27-percent share of the Philippine domestic market, while PAL dominated with a 52-percent share. The PAL Group including PAL Express, accounted for 63 percent of the domestic passenger market in 2005.

As early as 2007, Cebu Pacific overtook PAL as the largest single airline in the Philippine domestic market. Cebu Pacific’s market share has more than doubled to 60 percent last year from 27 percent in 2005, while that of PAL was cut by more than half to 29 percent from 63 percent.

“Cebu Pacific and PAL have essentially switched places over the last decade,” CAPA said. In 2009, Cebu Pacific dominated both domestic and international passenger markets in the Philippines.

It added that the sale of Zest Airways Corp. of Ambassador Alfredo Yao to Air Asia Philippines Inc., as well as Tigerair Philippines to Cebu Pacific, reduced the number of competitors on domestic trunk routes to only three.

“The consolidation has led to a dramatic improvement in market conditions. Total domestic capacity in the Philippines has dropped over the last two years, while overall annual passenger numbers have been flat. As a result yields and load factors have improved,” CAPA said.

The think tank said the rapid growth from earlier this decade was impressive, but not sustainable as overambitious capacity expansion pressured yields and load factors.

“While most of Southeast Asia suffered from overcapacity in 2014, the Philippines market benefited from capacity discipline,” it said.

However, four of the six airlines from Southeast Asia that reported an improvement in profitability in 2014 compared to 2013 came from the Philippines.

CAPA said the domestic outlook for Cebu Pacific is bright as market conditions remain relatively favorable.

It pointed out that the domestic expansion being undertaken by the PAL Group would not be enough to have a significant impact on the market.


INQUIRER

No college degree, no freedom for Customs exec; 6 years in prison Marlon Ramos @inquirerdotnet Philippine Daily Inquirer 6:36 AM | Sunday, May 3rd, 2015


Telling the good and the bad: Customs Commisioner Angelito Alvarez and Customs Intelligence and Investigation Service’s director Filomeno Vicencio Jr.,seized smuggled television sets. PHOTO TAKEN APRIL 11, PHILSTAR FILE

A former intelligence chief of the Bureau of Customs (BOC) has been sentenced to six years in prison by the Sandiganbayan for falsely claiming that he had a college degree.

In a 20-page ruling, the antigraft court’s First Division found Filomeno Vicencio Jr. guilty of falsification of a public document under the Revised Penal Code.

Besides the prison term, the court also ordered the former head of the BOC Intelligence and Investigation Service to pay a P1,000 fine.

Vicencio, who was appointed by President Gloria Macapagal-Arroyo in May 2009, was charged with falsification by the Office of the Ombudsman after he wrote in his personal data sheet (PDS) that he graduated from the University of the East (UE) in 1969.

Never a student

The prosecution presented on the witness stand UE registrar Erwin Bermillo who had issued two certifications to the Ombudsman showing that Vicencio “was never a student or a graduate” of the university.

READ MORE..
Another prosecution witness, BOC human resource management staffer Teresa Cordero, testified that Vicencio’s signature appeared in the personal file which he submitted following his appointment.

Cordero told the court a college degree was among the minimum requirements for the position that Vicencio held as Customs intelligence chief.

Inadvertently filled in

In his defense, Vicencio maintained the entry on his educational background was inadvertently filled in by his son, Ramon Vicencio, who was working for him as his personal assistant and driver at the time.

Vicencio also presented to the court a member of his personal staff, Alfredo Latumbo, who said he saw Ramon write the information on Vicencio’s personal data sheet.

In the April 20 decision written by Associate Justice Rafael Lagos, the court said the testimonies of the younger Vicencio and Latumbo were “incredulous.”

The court noted the “inconsistencies and contradictions” in their statements which the prosecution had pointed out.

“That the accused had not, at any point in the trial or even during the preliminary investigation before the Ombudsman, disclosed where and when indeed he obtained his bachelor’s degree is suspect,” the court said.

“[This] lends credence to the conclusion that he intended to falsely state that he had a bachelor’s degree from [UE] in order to qualify for the position,” it added.

Highly improbable

The court said it was “highly improbable” that Ramon did not bother to ask his father where he obtained his college degree even after Vicencio was charged by the Ombudsman for faking his credentials.

“The fact that it was his son who filled in the personal data sheet cannot exculpate the accused,” it added.

“Consequently, even if it was [Ramon] who had written down the untruthful statement in his PDS, the fact remains he had assented to that untruthful statement by virtue of his signature on that document, appropriating the falsehood as his own and rendering him liable for falsification of an official document,” the court ruled.


MANILA STANDARD

SMC: Bigger Boracay airport ready in 2016 By Darwin G. Amojelar | May. 03, 2015 at 11:40pm

Conglomerate San Miguel Corp. said it expects to complete a bigger airport in Caticlan, Malay, Aklan next year to accommodate the growing number of tourists in the resort island of Boracay.

SMC said the extension of the runway of Godofredo P. Ramos Airport, also known as the Boracay airport, from 950 meters to 1,800 meters was expected to be completed in 2016, which would enable the airport to accommodate larger aircraft such as Airbus 320.

The diversified conglomerate also said the completion and construction of a new and bigger passenger terminal was needed to accommodate a projected increase in tourist arrivals.

“Improvements will also allow for night landing, which will further help boost tourism,” SMC said.

Caticlan airport, the seventh busiest in the country, is one of the two gateways to Boracay, the other being Kalibo airport.

READ MORE...

Data showed that visitor arrivals in Boracay Island reached 1.47 million in 2014, including 682,832 foreign tourists and 745,266 domestic visitors.

SMC, through a 99.77-percent interest of San Miguel Holdings Corp., in Trans Aire Development Holdings Corp., is undertaking the expansion of Boracay airport under a 25-year build-rehabilitate-operate-transfer concession granted by the Transportation Department.

TADHC holds the exclusive rights, obligations and privileges to finance, design, construct, operate and maintain the airport by virtue of a concession agreement with the Transportation Department and the Civil Aviation Authority of the Philippines.

Aside from Boracay airport, the infrastructure arm of San Miguel also owns the Tarlac-Pangasinan-La Union Expressway. It expects to complete the last section from Urdaneta to Rosario by end-2015.

The 14-km stretch from Carmen to Urdaneta was opened to the public in December 2014 while the first section from Tarlac to Gerona was opened in October 2013. The 49-km stretch from Gerona to Carmen became fully operational in April 2014.

San Miguel is also building Skyway Stage 3, the Ninoy Aquino International Expressway and the proposed Metro Rail Transit Line 7.


(Credits to the Owner)

Boracay Airport is the Philippine’s seventh busiest airport. Boracay Airport is managed by TransAire Development Holdings Corporation (TADHC), a subsidiary of San Miguel Corporation. The Airport employs over 90 people and is one of two primary gateways to Boracay.

TADHC was formerly CIADC, and holds the exclusive rights, obligations and privileges to finance, design, construct, operate and maintain the airport by virtue of a concession agreement with the Department of Transportation and Communications and the Civil Aviation Authority. TADHC is currently overseeing the modernization of the airport. Long-term expansion projects involve the construction of a bigger airport passenger terminal, extension of the existing runway from 950 meters to 2,100 meters, improvement of the road network and upgrading of airport facilities and air traffic control aids.

The project also has a commercial component that entails the development of a 16-hectare property beside the airport. Modernization work on the airport is currently ongoing. Once finished, airfares to Boracay are expected to be more competitive since airlines can use bigger aircraft with more seating capacity. source: TransAire.com.ph

BORACAY INFO DOT COM

Boracay Airport

To get straight to the point, Boracay Island itself does not have an airport. That's a good thing because if it were so, it would occupy almost the whole island for itself.

Instead, the Boracay Airport is located on the neighboring island of Panay, in the small town of Caticlan. Until recently it was called Caticlan Airport or exactly: Godofredo P. Ramos Airport.

Since the last renovation in 2011, it is now officially named "Boracay Airport".

Unfortunately, the small airport has only one 900-meter-long runway, which limits not only the size of the aircraft which may fly there, it also turns every take off and landing into a small adventure of it's own.

In case of bad weather, the planes sometimes can not land at Boracay Airport and will be diverted to the bigger Kalibo International Airport.

This will always cause some delays on later flights, because both, arriving and departing passengers need to be transferred by bus or van to and from Caticlan, which is a 1.5 hours trip already.

Boracay Airport Transfer Options

For the future, the authorities have big plans about the Boracay Airport: This plans also includes an extended runway of approximately 2000 meters, so that larger planes such as an Airbus A320 or Boeing 737 can land here. Therefore, the runway will be extended into the sea on one side and on the other side even a small mountain need to be removed.

Transfer from Boracay-Airport to Boracay:
After landing at Boracay Airport, there are Tricycles waiting outside, to bring the passengers to the nearby Caticlan Jetty Port. This costs 50 Peso per Tricycle you need.

If you do not have too much luggage, you may also walk the about 500 meters to the Jetty Port.

Please also read the report about the Transfer-Cost to Boracay.


Chief News Editor: Sol Jose Vanzi

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