Issue No. 3799 July 18, 2019 12:15 PM Program Proper OIC/Moderator: PP Archit Bartolome III Call to Order Rcmanila Pres
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Securities and Exchange Commission Sec Form 17-A, As Amended
CR02659-2021 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-A, AS AMENDED ANNUAL REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SECTION 141 OF THE CORPORATION CODE OF THE PHILIPPINES 1. For the fiscal year ended Dec 31, 2020 2. SEC Identification Number 52412 3. BIR Tax Identification No. 000-156-011 4. Exact name of issuer as specified in its charter BELLE CORPORATION 5. Province, country or other jurisdiction of incorporation or organization Metro Manila Philippines 6. Industry Classification Code(SEC Use Only) 7. Address of principal office 5/F Tower A, Two ECom Center, Palm Coast Avenue, MOA Complex, Pasay City Postal Code 1300 8. Issuer's telephone number, including area code 02-86628888 9. Former name or former address, and former fiscal year, if changed since last report n/a 10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA Number of Shares of Common Stock Outstanding and Amount of Debt Title of Each Class Outstanding Common Stock, Php 1.00 par 9,763,126,297 value 11. Are any or all of registrant's securities listed on a Stock Exchange? Yes No If yes, state the name of such stock exchange and the classes of securities listed therein: Philippine Stock Exchange, Inc. / Common shares 12. Check whether the issuer: (a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17.1 thereunder or Section 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of The Corporation Code of the Philippines during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports) Yes No (b) has been subject to such filing requirements for the past ninety (90) days Yes No 13. -
Hotel Restaurant Institutional Philippines
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report Number: 1725 Philippines Food Service - Hotel Restaurant Institutional 2017 HRI Food Service Approved By: Ralph Bean Prepared By: Joycelyn Claridades-Rubio Report Highlights: Increased spending and growing dining habits of the emerging middle class in the Philippines has contributed to the growth of the HRI sector by 6.7% from 2015 with sales of US$12 billion. This growth in the foodservice industry provides greater opportunities for exports of U.S. food and beverage products to the Philippines. Post: Manila General Information: Table 1 – Philippine Market Profile I. Overview of the Philippine Market Population: The Philippines is the largest market in Southeast Asia for U.S. consumer-oriented food and beverage 104.2 Million (July 2017 est.), (f&b) products and one of the fastest growing annual growth rate of 1.6% markets in the world, importing $923.4 billion in 19.17% below 24 years old U.S. f&b products in 2016. 52% living in urban areas A mature market with growing demand for Land Area: 298,170 sq.km. consumer-oriented products, the United States remains the Philippines’ largest supplier for food, beverage and ingredient products. 2016 GDP Growth: 6.8% Ranked as the 11th largest export market for U.S. GDP Per Capita: $7,700 (2016 est.) high-value, consumer-oriented products, the Philippines imported $716.1 million from January Source: CIA World Fact Book through September 2017. -
The Philippine
THE PHILIPPINE 3/F, Commerce and Industry Plaza 1030 Campus Avenue cor. Park Avenue EVIEW McKinley Town Center, Fort Bonifacio ADR R Taguig City 1634 Broadening its scope of arbitration advocacy Phone: +63 2 555 0798 Telefax: +63 2 822 4102 WWW.PDRCI.ORG JANUARY 2019 Email: [email protected] Website: www.pdrci.org BOARD OF TRUSTEES CJ Artemio V. Panganiban Chairman Emeritus Dean Custodio O. Parlade President Emeritus Atty. Victor F. Lazatin Chairman Amb. Francis C. Chua Vice Chairman Atty. Eduardo R. Ceniza Vice Chairman PDRCI Deputy Sec. Gen. Francisco Pabilla, Jr. (second from left) receives the Certificate of Recognition Atty. Edmundo L. Tan from Atty. Jewel Bulos (leftmost), University Secretary and Associate Dean, UMAK School of Law; President Makati City Mayor Abigail Binay (center), Makati City Vice Mayor Monique Lagdameo, and Ms. Atty. Shirley F. Alinea Aurora Serrano, UMAK Vice President for Administration and Finance. Atty. Arthur P. Autea Engr. Salvador P. Castro, Jr. Atty. Gwen B. Grecia De Vera Atty. Roberto N. Dio UMAK awards Certificate Atty. Beda G. Fajardo Atty. Charlie L. Ho of Recognition to PDRCI Atty. Simeon G. Hildawa Atty. Teodoro Kalaw IV The University of Makati (UMAK) awarded PDRCI a Certificate of Recognition during its Atty. Rogelio C. Nicandro Recognition Day for Industry Partners held on November 27, 2018. An annual event organized Dr. Eduardo G. Ong Atty. Ricardo Ma. P.G. Ongkiko by UMAK, the Recognition Day is part of UMAK’s Industry Partners Program founded on the Atty. Victoriano V. Orocio principle that education must be closely linked with the realities and needs of the industries Atty. -
Sands Residences Average 9.3%**
1st Philippine Conglomerate to breach PHP 1 Trillion in Market Capitalization RETAIL BANKS PROPERTY BANKING RETAIL PROPERTY OTHER INVESTMENTS GROUP COMPANY RANKINGS SMIC, SM Prime, and BDO comprise 30% of the value of the Philippine Index Philippine Conglomerates Philippine Retailers Philippine Banks Property Developers Market Cap (USD bn) FY 2019 Total Sales (USD mn) Total Resources (USD bn) Market Cap (USD bn) SMIC 23.6 SM Retail 6,838 BDO 62.1 SMPH 20.1 JG Summit 10.0 Robinsons 3,146 Metrobank 48.8 Ayala Land 10.0 Ayala Corp 9.9 Puregold 2,984 BPI 43.2 Megaworld 2.0 Aboitiz Equity 5.2 Landbank 40.2 Robinsons Land 1.6 SMC 5.0 PNB 22.3 Vistaland 0.9 LT Group 2.6 Philippine Retailers China Bank 19.0 Double Dragon 0.7 Metro Pacific 2.5 FY 2019 Store Count Security Bank 15.7 Filinvest 0.5 GT Capial 1.9 SM Retail 2,799 UBP 15.2 Alliance Global 1.6 Robinsons 1,938 RCBC 15.2 DMCI 1.2 Puregold 436 DBP 15.1 Source: Bloomberg; Source: Company Information end-2019 Source: Consolidated statements of Source: Bloomberg; Figures as of October 30, 2020 condition (SOC), FY 2019 Figures as of October 30, 2020 1st Philippine Property Company to breach PHP 1 Trillion in Market Capitalization One E-com (2008) Sea Residences (2008) Two E-com Conrad Manila (2012) Shell Residences SM Arena (2016) (2011) (2012) Five E-com Shore SMX (2015) Residences Mall of Asia Convention (2017) (2006) Center, Manila (2007) SM Development Corporation commits itself to provide access to luxurious urban living through its vertical villages and gated horizontal communities, designed with thoughtful features and generous resort-like amenities, all perfectly integrated with a commercial retail environment, thus giving its residents access to a truly cosmopolitan lifestyle. -
Building a Strong Platform for Recovery, Renewed
2020 INTEGRATED REPORT BUILDING A STRONG PLATFORM FOR RECOVERY, RENEWED GROWTH, AND RESILIENCE Ayala Land’s various initiatives on stakeholder support, investment, and reinvention pave the way for recovery PAVING THE WAY FOR RECOVERY AND SUSTAINABLE GROWTH The ongoing COVID-19 pandemic and the natural calamities that of digital platforms to reach and engage buyers. Staff of APMC, struck the Philippines in 2020 are still being felt by Filipinos to this the company’s property management firm, stayed-in its managed day. Ayala Land’s swift response to face these challenges showed properties and communities while the enhanced community the resilience of both the company and its people. quarantine was enforced. In a strategic pivot, ALIzens executed a five-point action plan— Helping the Community protecting the workforce, financial sustainability, serving customers, Ayala Land employees raised PHP82.6 million under the Ayala helping the community, and thinking ahead towards recovery. Land Pays It Forward campaign to provide medical supplies and This action plan enabled Ayala Land, its employees, and its personal protective equipment to three COVID-19 designated communities to withstand the challenges and position for recovery. treatment hospitals. The company helped raise PHP425 million for Project Ugnayan and allocated PHP600 million in financial With the continued trust and confidence of its shareholders and assistance to more than 70 thousand “no work-no pay” contingent stakeholders, Ayala Land will count on bayanihan (community personnel during the critical first weeks of the quarantine. spirit) to move forward and pave the way for recovery and Recognizing the difficulties of its mall merchants, Ayala Land sustainable growth. -
Metro Manila Market Update Q1 2017
RESEARCH METRO MANILA MARKET UPDATE Q1 2017 METRO MANILA REAL ESTATE SECTOR REVIEW METRO MANILA AND THE THREAT OF EMERGING CITIES The attractiveness of Metro Manila for real estate developers and investors continues to exist. Although highly congested and vacancy rates are constantly dwindling, it is still the best location for business and investment activities. Considering that the seat of government, head offices of key companies, and the most reputable universities and institutions are located in Metro Manila, demand is perceived to always be buoyant and pervasive. The real challenge is innovation and the creation of new stock to cater to the limitless demand. The Philippine National Economic and Development Authority defines Philippine Emerging Cities as cities, relative to Manila, that are rapidly catching up in terms of business activities, innovation and ability to attract people. A few of the notable emerging cities in the Philippines are Angeles (Clark), Cebu, Davao, Iloilo and Zamboanga. Cebu, Davao and Iloilo are top 5, 6 and 8, respectively, among the Philippine Highly Urbanized Cities (HUC) of the country. Angeles City’s makings is supplemented by the much- awaited Clark Green City. Zamboanga City was identified as one of the emerging cities when it comes to information technology Source: Wikipedia operations. The city has the propensity to flourish being the third major gateway and transshipment important transportation networks, largest city in the Philippines in hub in Northern Mindanao, it will increase access to jobs and terms of land area. Furthermore, continue to be a key educational services by people in smaller Bacolod, Bohol, Leyte, Naga, center in the region. -
Land-Based Casinos Prepare for Resumption of Operations
CEO UNDERSCORES SURVIVAL IN THE HOMEGROWN PAGCOR’S ROLE IN TIME OF COVID 19 BETS POST-COVID-19 PAGCORIANS VENTURE AVP Hernando Apigo PH ECONOMIC INTO BUSINESS GM Jethro Chancoco RECOVERY AMID PANDEMIC VP Tomas A. Consolacion, Jr PAGE 2 CENTERSPREAD TO PAGE 12 P20 The APRIL TO JUNE 2020 INSIDEROfficial Newsletter of the Philippine Amusement and Gaming Corporation www.pagcor.ph Land-based casinos prepare for resumption of operations Strict health and safety protocols slated FTER four months of temporary suspension due to the Corona Virus Disease 2019 (CO- AVID-19) pandemic, land-based casinos may be able to resume operations once community quarantine restrictions further ease up. In line with this, PAGCOR submitted its recommenda- tion to the Inter-Agency Task Force for COVID-19 (IATF) last May, to allow the resump- If approved under tion of casino operations with the proposed safety and health the modified protocols. According to PAGCOR general community Chairman and CEO Andrea D. quarantine (MGCQ), Domingo, the safety protocols are well-crafted and are even PAGCOR hopes to more stringent compared to provide job security other businesses that are now in operation. for most of the “If approved under the modified general community gaming employees quarantine (MGCQ), PAGCOR in the country. hopes to provide job security for most of the gaming employ- CF branches nationwide prepare for the reopening of operations. In photo are CF Olongapo personnel ees in the country. It is also disinfecting the branch’s gaming equipment and furniture. during this phase that the local gaming industry transitions to cially frequent-contact surfac- ance to social distancing, pro- Gradually, said procedures the new normal.” – Andrea D. -
Philippines: Food Service
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 12-13-2016 GAIN Report Number: 1625 Philippines Food Service - Hotel Restaurant Institutional HRI Sectoral Report Approved By: Ralph Bean Prepared By: Joycelyn Claridades Report Highlights: The food service industry in the Philippines continuous to expand as more and more shopping malls and new hotels are being opened throughout the country. The influx of foreign-branded restaurants coupled with the growing affluence of Filipino consumers has also contributed to the growth of the HRI sector. This growth in the foodservice industry provides greater opportunities for exports of U.S. food and beverage products to the Philippines. Post: Manila I. Overview of the Philippine Market The Philippines is still the largest market in Southeast Asia for U.S. consumer-oriented food and beverage (F&B) products and one of the fastest growing markets in the world, importing $898.4 million in U.S. F&B products in 2015. A mature market with growing demand for U.S. consumer-oriented products, the United States remains the Philippines’ largest supplier for food, beverage and ingredient products. Ranked as the 13th largest export market for U.S. high-value, consumer-oriented products, the Philippines imported $569.8 million from January through August 2016. Based on the chart below, the United States remains the largest supplier with seventeen percent (16%) market share, followed by China (10%), and Indonesia, Singapore, and New Zealand (9%). Total imports of consumer-oriented food grew annually by an average of 15%. -
Business in Harmony Cebu Exchange
BUSINESS IN HARMONY CEBU EXCHANGE www.arthaland.com +63 917 77 ARTHA (27842) | [email protected] Visit our showroom on-site along Salinas Drive, Lahug, Cebu City CLIENT PROSPECTUS HLURB LTS No. 032788 CLIENT PROSPECTUS Salinas Drive, Lahug, Cebu City. Issued on 11 September 2017. Completion on 30 June 2021. Project Developer: Cebu Lavana Land Corporation. Project Manager: Arthaland Corporation. HLURB CVR AA-2019/01-550. Harmony… The beautiful interweaving of different elements into a singular experience. An experience so diverse, yet utterly cohesive; complete and perfectly balanced. Welcome to the Cebu Exchange. A holistic, sustainable, and highly connected work environment where harmony is not just a way of life, but a way of doing business. THE PHILIPPINE MARKET: A LANDSCAPE OF POSSIBILITIES*: AN OVERTURE • GROWTH: 6.7% GDP • OFW REMITTANCES: US$30 billion p.a. • BPO REVENUE: US$23 billion • 10-YEAR BOND YIELD: 6.3% Ranking among the top growth performers of Asia • POPULATION: 102 million in 2017*, the Philippines has cemented its position (67% below 35 years old) • MANILA at the top of the charts as one of the most • INFRASTRUCTURE SPENDING: US$160 billion (from 2016 to 2022) attractive economies in the entire region; • 3.8% Managed Inflation as of Q1 2018 attracting investors across the globe with more exciting and lucrative investment opportunities over other neighboring countries. CEBU CITY • DAVAO CITY *Sources: World Bank Group, 2017 Bangko Sentral ng Pilipinas, 2018 Contact Center Association of the Philippines, 2018 World Government Bonds, 2018 Philippine Statistics Authority, 2018 Department of Budget and Management, 2018 CEBU CITY: A DYNAMIC DESTINATION Known for its powdery white sand beaches, delicious local fare and artisan crafts, Cebu, the Queen City of the South, has always been one of the most important and influential economic centers in the Philippines and is quickly emerging as one of the most prominent IT-BPM destinations in the world. -
Senatoriables and the Anti-Political Dynasty Bill Claim
Ateneo FactCheck 2013 Fourth Brief Fact Check: Senatoriables and the Anti-Political Dynasty Bill Claim: Candidates, who are members of political dynasties, will not champion or will not support an anti-political dynasty bill in Congress; while candidates, who are NOT members of any political dynasty, are expected to champion and support an anti-dynasty bill. Fact checked: The 1987 Constitution prohibits political dynasties but left it to Congress to enact an enabling anti-political dynasty law. Exactly 26 years after the constitution was enacted and despite several attempts, no such law has been passed by either chamber of Congress. All versions of the bill have not even gone way past the committee level for second reading. Now that the 2013 midterm election is coming, what is to be expected from at least the top 20 candidates vying for a seat in the Senate? While an exact definition is still elusive, it is liberally accepted that political dynasties are those candidates who have more than one family member in any elective public position or are running for elective positions and holding such position for several terms before passing it on to either the immediate or extended family members. Generally the top 20 candidates for the Senate, according to major survey outfits, are dominated by members of well-known political dynasties. Exactly 13 out of the 20 are members of dynasties, namely: Sonny Angara, Bam Aquino, Nancy Binay, Alan Cayetano, Ting-Ting Cojuangco, JV Ejercito, Jack Enrile, Chiz Escudero, Dick Gordon, Ernesto Maceda, Jun Magsaysay, Cynthia Villar and Mig Zubiri. Except for newcomers like Bam Aquino and Nancy Binay, most candidates are veteran or experienced politicians in Congress. -
Celebrating a Future of Possibilities 2 MERALCO POWERCLUB MERALCO POWERCLUB 3 AUGUST 2017 AUGUST 2017 Inside MESSAGES a MERALCO PUBLICATION
MERALCO POWERCLUB 1 AUGUST 2017 A MERALCO PUBLICATION | SPECIAL LUMINARIES EDITION | AUGUST 2017 CELEBRATING A FUTURE OF POSSIBILITIES 2 MERALCO POWERCLUB MERALCO POWERCLUB 3 AUGUST 2017 AUGUST 2017 INSIDE MESSAGES A MERALCO PUBLICATION MERALCO POWER CLUB MAGAZINE VOLUME 7 ISSUE 3 eralco launched its Luminaries and open access to keep them PUBLISHER: SUMMIT MEDIA LOOK BACK, program six years ago, when competitive. We enable their pursuit of Analysis A joint project with Meralco’s Mthe Philippine economy was green initiatives with renewable energy 4 CAN WE AFFORD TO SAVE Corporate Business Group, Marketing, MOVE beginning to take off. Inspired by Meralco sources or electric-vehicle and charging THE CLIMATE? Customer Solutions and Product Chairman Manuel V. Pangilinan, our systems. And to serve them and their The Paris Agreement compels even V20 members to tap renewable energy Development. Published four times a FORWARD vision for the Luminaries is to showcase local communities, we build large-scale year for key officers of Meralco businesses that make a difference in the electric infrastructure for their real-estate Electric Capital Projects corporate accounts. lives of Filipinos across the country. projects. 7 ENERGIZING THE ASEAN AT 50 Our pioneering Luminaries As the economy continues to Meralco makes sure the Philippines’s hosting of the Asean Summit goes at full power EDITORIAL TEAM were already household names in the soar, we anticipate more positive EDNA T. BELLEZA Publisher electronics, food manufacturing, and real- changes. Small businesses become large Industry Trends estate sectors; companies like Samsung enterprises. Established businesses 8 COLD COMFORTS Estrellita Faustino Editor-in-Chief Companies in the air conditioning business look Electro Mechanics Philippines, Universal diversify into non-core activities such Creative Director/ forward to a promising business climate DONDI LIMGenco Robina Corp., and Ayala Land Inc. -
5Ef2605b993edc8098ff2f23 AG
JURISDICTION UPDATES March 2018 Edition In focus pg.30 Shaking the status quo MACAU MGM unveils Cotai gem pg.6 KOREA Fourth IR bets on Incheon pg.12 SINGAPORE No wind in top line sales pg.14 VIETNAM Hoiana woos Macau VIPs pg.34 ASEAN 2018 SUPPLIER SPECIALS pg.42 MESSAGE 3 Engaging the industry at ASEAN GB is proud to be hosting the second edition of casino industry. Leaked proposals have so far suggested a the ASEAN Gaming Summit in Manila, where high-tax environment, with restrictions on space, which 300 guests from both the land-based and some warn will lead to lower investment levels. online gaming fields will gather to engage with While Japan delays, South Korea steams ahead, with Incheon Amore than 80 leading speakers lined up to discuss the attracting its fourth IR. A Chinese property developer has state of the industry. announced plans for $4.5 billion resort on Yeongjong Island, Rosalind While the 2017 show focused on the convergence of online which authorities are touting as a major step towards creating Wade and land-based gaming, the 2018 event takes a look at an entertainment hub in the Incheon Free Economic Zone. disruptive technologies, as well as innovative operational In Singapore, operators continue to squeeze out profits and management strategies. from flat revenue. LVS argues that while a success story, The Focus section of this edition is dedicated to lifting the the city state is a very large EBITDA producer without top- veil on some of the discussions you can expect in Manila.