Aquabest Renews Partnership With BPI Family Ka-Negosyo

Wazzup Pilipinas!

Aquabest has renewed its partnership with BPI Family Savings Bank as an accredited franchisor for its BPI Family Ka-Negosyo Franchising Loan.

The company was among the pioneer batch of accredited franchisors and has been recognized as a Best Listbrand by the bank. The company's prospective franchisees can enjoy favorable and flexible financing terms from BPI Family Savings Bank.

"Our renewed partnership with BPI Family Ka-Negosyo is a testament to our company's hard work to building a strong brand and business that has helped our franchisees succeed as entrepreneurs. At the same time, it continues to make it easier for aspiring entrepreneurs to set up their dream business" says Carson Tan, Aquabest's President and CEO.

For a franchise to be included in the Best List means it is an established, profitable and franchisee-friendly brand. Most of the companies in the list are profitable, having a return on investment (ROI) of less than three years. Aspiring entrepreneurs taking out a BPI Family Ka- Negosyo Franchising Loan on Aquabest can enjoy incentives such as no collateral loan, shorter processing time and no processing fee.

Bonheur Leverages ‘SAP Business One’ for Improved Business Efficiency

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SAP AG announced that Bonheur Marketing Corporation, one of the front-runners in the Philippines that provides distribution capabilities to its partners in the fast-moving-consumer-products industry, integrated the SAP Business One software to address their data management and finance processes needs.

SAP Business One is a business management software designed to meet the needs of dynamically growing companies as well as subsidiaries of large enterprises. The solution is available both on premise and in the cloud, providing clients with unparalleled SAP functionality. The implementation was spearheaded by SAP channel partner, DataFront Solutions, Inc. (DFSI), which leverages IT and business consulting to provide advanced solutions to clients across industries.

According to Marty Alvarado, Executive Vice President for Bonheur, disparities in report generation as well as inventory costing inaccuracies required them to tap SAP Business One software to gain clarity across their business, and restore confidence in their day-to-day operations.

“There were delayed submissions of financial and government mandatory reports prior to the installation of the SAP Business One solution,” Mr. Alvarado said. “Our in-house system failed to consolidate our data and our reports were prone to human errors, hindering accurate business visibility. We were looking for a solution to consolidate our warehouse data and gain better insight into our delivery process. Now, we are able to realize more accurate, up-to-date data across all our sales, finance and administration reports, which helps us much better in developing and managing the business for future growth.”

More Renewable Energy with Awarding of New DOE Contracts

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In aggressively fulfilling international commitments and promoting indigenous sustainable energy, the Department of Energy (DOE), through the facilitation of its Renewable Energy Management Bureau, has awarded renewable energy service contracts (RESCs) accounting for about 1,700 megawatts (MW) potential capacities.

These projects are on top of the additional total potential capacity of 12,128 MW recorded in November 2015. If all these projects are aggregated and realized, the country's installed capacity could reach up to about 20,000 MW by 2030, which is higher than the initial National Renewable Energy Program target.

Energy Secretary Zenaida Y. Monsada emphasized that “We are committed to increase our RE capacity and maintain a minimum of 30% share in the power generation mix in the coming years.”

Through this government intervention, the country will be able to achieve its undertaking to triple installed RE capacity by 2030, reflecting its 21st Conference of the Parties pledge and proactively responding to the Asia-Pacific Economic Cooperation’s aspiration of doubling RE capacities of member-economies from 2010 level by 2030.

Towards the last quarter of 2015, the newly appointed Energy Secretary has greenlighted the following RE projects after having meticulously reviewed each contract (Please see attached list of RE Projects).

The DOE would also like to call on concerned government agencies and local government units to extend utmost assistance to the project proponents to fast track the timely realization of these vital RE projects.