Cebu Landmaster’s H1 sales near full-2016 level

Cebu Landmaster

Cebu’s homegrown real estate developer Cebu Landmasters Inc. (CLI) recorded P2.87 billion in reservation sales for the first semester, close to breaching the whole of last year’s sales take-up of P2.94 billion.

This reservation sales level is a leading indicator of the amount of revenues that the company can book in 2018 and 2019.

“We are very pleased to report our strong reservation sales performance for the first half of 2017,” CLI president and chief executive officer Jose R. Soberano III said in a press statement on Friday.

“This is a testament to the strong demand for CLI’s diverse range of real estate offerings in Visayas and Mindanao which encompass the high-end, mid-market, and economic residential products along with our growing commercial and hospitality portfolio,” Soberano added.

The growth in CLI’s reservation sales was attributed to strong take-up of the following projects: 38 Park Avenue in Cebu IT Park, Mesa Tierra in Davao, and Casa Mira South economic housing in Naga Cebu.

38 Park Avenue has sold 60 percent of its inventory, while Mesa Tierra, a 22-storey residential condominium, has sold over 80 percent of its inventory. Both condominiums were launched in March.

“The company is confident that outstanding sales performance in the first half will continue to be seen until the end of the year,” the statement read.

In an earlier disclosure on Monday, CLI also said it had fully paid P53 million – originally planned to be paid in the second half – for the purchase of a 6-hectare Sibulan-Dumaguete property in Negros Oriental. This was in line with the company’s intention to speed up project implementation.

“This acquisition is in line with CLI’s vision to become the number one local housing developer in Visayas and Mindanao by 2020,” CLI said.

CLI, which debuted on the Philippine Stock Exchange last month, has more than 28 completed developments from vertical and horizontal residential projects to its first commercial office project in Visayas and Mindanao.

As of July 14, CLI’s market capitalization has reached P8.9 billion.

 

Source: http://business.inquirer.net/233127/cebu-landmasters-h1-sales-near-full-2016-level

RLC building first BPO office in South Luzon

Robinsons Land Corporation

Robinsons Land Corporation (RLC), the property development arm of the Gokongwei group, is putting up an office building for the business process outsourcing (BPO) industry in its mixed-use complex in Naga City.

To be called Robinsons Cybergate Naga, it will be located in the Robinsons mixed-used complex that also includes the development of two hotel chains: Go Hotels and Summit Hotel.

The mall is slated for opening on August 15 this year while the office building is expected to be completed in the second semester of 2017.

“The building is registered with the Philippine Economic Zone Authority (PEZA) as an IT Center. Qualified locators at Robinsons Cybergate Naga may apply for various incentives from PEZA,” said RLC Office Buildings General Manager Faraday D. Go.

Go said Naga is an ideal location for BPO locators since there is strong government and private sector support and a highly proficient talent pool. There are several major universities in Bicol such as Ateneo de Naga and The University of Nueva Caceres.

The requisite telecommunications infrastructure is available from the major telecom providers PLDT and Globe. Naga is only 45 minutes from Manila by air and 6 to 8 hours by land.

Source: http://business.mb.com.ph/2017/06/11/rlc-building-first-bpo-office-in-south-luzon/

Offshore gaming boosts demand for PH office space

Office Spaces

The local market for office space experienced a big boost in the first quarter, thanks mainly to strong demand from offshore gaming operators—a subsector of the business process outsourcing (BPO) industry that is growing rapidly with the help of new government regulations.

In a recently published research note, international property consulting firm Pronove Tai described offshore gaming companies as “a strong but beleaguered” driver in the Philippine office market.

“While the office market is still largely driven by the information technology and business process management industry, offshore gaming companies as of end March have been the second single industry demand driver, accounting for 20 percent or 56,000 square meters of the ‘pre-leased’ office space scheduled for completion in the second quarter,” the firm said.

This demand is equivalent to three dedicated high rise office buildings out of the 18 buildings slated for completion in the second quarter of this year.

The property analyst said that a slowdown in the accreditation process by the Philippine Economic Zone Authority for new buildings has resulted in developers taking a second look at offshore gaming clients.

Offshore gaming companies are classified by the Philippine Amusement and Gaming Corporation as either service providers or licensed operators, both of which are technology-driven enterprises.

Service providers are gaming and software/platform providers, BPO providers, data/content streaming providers and gaming support providers.

Licensed operators, meanwhile, are gaming agents and those classified as special class BPOs which provide marketing and customer relation services only to duly licensed gaming operators overseas, must not handle betting activities for gaming operators and do not service any Pagcor Philippine Offshore Gaming Operator (Pogo) licensee.

To date, the Philippines is the first and only country in Asia to license offshore online gaming. Pagcor believes it can net an additional P10 billion in annual revenues from its Pogo licensees.

Source: http://business.inquirer.net/231205/offshore-gaming-boosts-demand-ph-office-space

Filipino Homes opens new office in Mandaue City

Filipino Homes Mandaue

Real estate portal Filipino Homes tied up with Skyscraper Realty to put up its eighth in Cebu and 22nd office nationwide at JCentre Mall in Mandaue City.

Anthony Leuterio, president and CEO of multi-awarded Leuterio Realty and Brokerage, said Filipino Homes is a one-stop-shop for real estate buyers and sellers.

Although it already provides an extensive online network, Filipino Homes complements this with actual offices where prospective clients can visit and get advice from real estate agents, look at listings, or report problems.

 

MANDAUE OFFICE. Skyscraper president and CEO Gaylord Tingzon (left) and Leuterio Realty and Brokerage president and CEO Anthony Leuterio during the opening the Filipino Homes office at JCentre Mall in Mandaue City.

Property portal

“Our goal is to create the biggest property portal, through our website and also in specific places where they can meet with agents and get good advice,” he added.

Skyscraper Realty decided to open a Filipino Homes in Mandaue because it is next to Cebu City in terms of economic development.

“There’s really a lot of activities happening in Mandaue City,” said Skyscraper president and CEO Gaylord Tingzon, citing the 20-hectare joint venture Mandani Bay project by Hongkong Land and Taft Properties and the Gatewalk Central partnership between AboitizLand and Ayala Land.

Leuterio-Skyscraper partnership

The partnership with Filipino Homes allows Skyscraper Realty access to a full listing of properties nationwide.

“The good thing about Filipino Homes is that we can sell properties nationwide because of our more than 20 branches throughout the country. We have more than 50,000 agents helping each other close a sale and assist clients. Even if you’re in Cebu and you have clients in Davao, someone from Filipino Homes Davao will assist them,” he added.

Real estate brokers accredited by Leuterio with 30 to 50 sales agents under them can use the Filipino Homes trademark when they open an office.

Leuterio said he calls them franchise partners and they can use the Filipino Homes logo and network.

Filipino Homes Mandaue

PHYSICAL OFFICE. Although it already provides an extensive online network, Filipino Homes complements this with actual offices where prospective clients can visit and get advice from real estate agents, look at listings, or report problems.

Filipino Homes Mandaue

Filipino Homes Mandaue is also looking for more real estate sales agents.

Tingzon said they already have more than 50 sellers, 20 of which are active, but the plan is to increase the number to 100 sales agents.

He added that they want to build a big team because there are a lot of projects in Mandaue, citing JCentre Mall’s 40-storey tower project, mix-use project of Cebu Landmasters near Oakridge Business Park, walk-up condo in AS Fortuna St. by Primary Homes, and the bestselling Midpoint Residences towers.

Source: http://mycebu.ph/article/filipino-homes-mandaue/

Eton taps Aboitiz for power supply

Eton Aboitiz

MANILA, Philippines – Eton Properties of the Lucio Tan Group tapped Aboitiz Power Corporation to supply 5.2 megawatts (MW) to power the operations of its Cyberpod office buildings at Eton Centris in Quezon City.

Aboitiz Power subsidiary AP Renewables Incorporated (APRI) signed a power supply agreement with Eton Properties last month.

Under the agreement, Eton Properties will be sourcing 5.2 MW from the MakBan Geothermal Power Plant in Batangas, which is operated and managed by APRI.

“BPO operations need uninterruptible, round-the-clock power supply, especially here in the Philippines where majority of BPO companies cater to international customers with different time zones,” said Eton Properties deputy chief operating officer Josefino Lucas in a statement.

“With Aboitiz Power as our power partner, we are confident that we will continue to deliver on our promise of quality and efficiency in our office developments,” he added.

The real estate developer is creating more office spaces that are environment-friendly to optimize the continuous growth of the business process outsourcing (BPO) industry.

To date, Eton Properties has two BPO hubs – Centris Cyberpod at Eton Centris, where a 5th BPO-ready building is being built, and Corinthian Cyberpod along Ortigas Avenue.

Aboitiz Power and its partners have a net sellable capacity of more than 1,200 MW from its renewable energy portfolio of geothermal, hydro, and solar power plants located all over the country.

Aboitiz Power continues to grow its renewable portfolio with the construction of the 69-MW Manolo Fortich run-of-river hydro project in Bukidnon and the 8-MW Maris Canal hydro project in Isabela.

Soon, it will commission its first biomass power plant through subsidiary Aseagas in Batangas.

Source: http://www.rappler.com/business/172647-eton-centris-aboitiz-power-cyberpod

Forbes counts eight Philippine firms in top 2000 global list

Forbes

THE HOLDING FIRM of the country’s richest man, Henry Sy Sr., climbed on Forbes’ 15th Global 2000 list of the world’s biggest public companies, staying atop seven others in the Philippines.

The ranking is based on a mix of four metrics, namely: sales, profits, assets and market value.

Last year saw nine local firms on the roster, including Bank of the Philippine Islands and PLDT, Inc. that dropped out this year.

SM Investments Corp. (SMIC) — which is engaged in property, retail and financial services — ranked 823rd, climbed 41 notches up from last year with $7.32 billion in sales and $17.8 billion in market capitalization as of May.

SMIC’s BDO Unibank, Inc. followed in 1,018th spot, jumping into the list for the first time with $2.59-billion sales and $10.2-billion capitalization.

JG Summit Holdings, Inc. — which is into consumer foods, agro-industrial and commodity food products, real property development and hotels, air transportation, banking, petrochemicals, telecommunications and power distribution — slipped to 1,151st place from 1,129th in 2016, with $4.89-billion sales and market capitalization of $11.6 billion.

Ayala Corp. — whose principal interests are in real estate and hotels, insurance and other financial services, telecommunications, water distribution and wastewater services, electronics, automotive, power generation, transport infrastructure, education and health care — jumped to 1,176th spot from 1,224th in 2016 with $4.2-billion sales and $10.7-billion capitalization.

Tycoon Ramon S. Ang’s Top Frontier Investment Holdings, Inc. — which owns about 66.14% of San Miguel Corp. that is engaged in beverage, food, packaging, properties, fuel and oil, energy, infrastructure, mining and banking — dropped 34 places to 1,228th this year with $14.24-billion sales and $1.9-billion capitalization.

Metropolitan Bank and Trust Co. fell to 1,531st spot this year from 1,379th in 2016 with $1.97-billion sales and $5.5-billion capitalization.

Aboitiz Equity Ventures, Inc. — which is engaged in power distribution, generation and retail electricity supply; financial services; food manufacturing; real estate; and infrastructure — bared the biggest improvement in ranking among Philippine firms included, surging 162 places to 1,793rd spot with $2.45-billion ssales and $8.4-billion capitalization.

Finally, Manila Electric Co. — the country’s biggest power distributor — bared the biggest drop among local firms on the list, falling 433 places to 1,947th with $5.42 billion in sales and $6.3 billion in market capitalization.

“Definitely it’s because of the economy of the Philippines. The growing economy of the Philippines is the one pulling themselves up. These companies are the ones who benefit most,” Diversified Securities, Inc. equities trader Aniceto K. Pangan said in a telephone interview.

“With BDO, I think it’s because they’re number one in the banking industry. I can see their development in terms of the increasing loans that they’re having.”

The global list was topped by, in descending order: Industrial & Commercial Bank of China Ltd.; China Construction Bank; Berkshire Hathaway, Inc.; JPMorgan Chase & Co.; Wells Fargo; Agricultural Bank of China; Bank of America; Bank of China; Apple, Inc. and Toyota Motor Corp.

Forbes’ 2017 Global 2000 list faces much pressure amid unsteady geopolitical climates and slowing economies,” Halah Touryalai, deputy editor for Investing at Forbes Media, said in a statement.

“Yet, in aggregate, these 2,000 companies have managed to come out stronger than last year, with increased sales, profits, assets and market values,” she added.

“This list illustrates that, in spite of headwinds, the world’s dominant companies remain a steady force in an unpredictable and challenging environment.”

Green dev’t helping to drive office sector

The office property sector is expected to maintain its strong growth this year, with a significant part of the expansion being driven by growing demand for “green” buildings.

Eton Centris, which will soon be powered almost exclusively by renewable energy, is one example of the growing presence of “green” office buildings in the Philippines. eTon PRoPeRTieS PhoTo

“Metro Manila’s office market remains to be (very) vibrant with better-than-expected performance in the first quarter of the year,” KMC Savills Managing Director Michael McCullough said at the recent Philippine Model Cities forum of The Manila Times.

The KMC Savills research concluded that a rebound in both private and public investments in the Philippines is in the offing, McCullough said.

Public investment is the amount of money invested by the government on new infrastructure projects. In its Build-Build-Build website, the government has projected that 8 to 9 trillion pesos from 2017-2022 will be allotted for infrastructure spending by the Duterte administration.

During the first quarter, Metro Manila added 162,200 square meters of office space. Bonifacio Global City (BGC) in Taguig accounted for two-thirds of the fresh supply with the completion of Citibank Plaza and W City Center, McCullough said.

Although the vacancy rate was held in single digits, rental growth continued to normalize at 3.7 per cent. The Makati Cental Business Disrict (CBD) maintained its premium in the capital after rentals grew by 3.8 percent year-on-year, outperforming other submarkets, he added.

KMC Savills’ view was largely shared by Colliers International Philippines. In a report on the first quarter performance of the office property sector, Colliers Senior Research Manager International said, “Metro Manila office net take-up reached 81,400 sqm of gross leasable area (GLA) for this quarter, as vacancy remained low despite new completions.”

Colliers, as did KMC Savills, noted some shift in the tenant mix for new office space. “Pre-leasing is still strong with over 40 percent of buildings due (this year) leased out. A significant shift in tenant mix was seen with the BPO (business process outsourcing) share representing only 21 percent of total transactions, down from 60 percent (last year),” said Macaranas.

The decline in BPO share is a characteristic of geopolitical concerns “forcing tenants to take a wait-and-see position on new expansions and the delay in PEZA (Philippine Economic Zone Authority) proclamations,” he added.

Green demand

Along with the shifting tenant mix, KMC Savills also noted a growing demand for “green” buildings.

“With the impressive take-up of green buildings in the first quarter, we expect these developments to slowly dominate the Metro Manila skyline as the outsourcing and offshoring (O&O) sector continues to expand,” McCullough said in his presentation.

As one example, Eton Properties last week signed an agreement with AboitizPower to supply renewable energy to its BPO buildings at Eton Centris in Quezon City. AboitizPower’s Makban geothermal power plant in Bay and Calauan, Laguna and Sto. Tomas, Batangas will now supply Centris, the developer said.

The geothermal facilities have a combined generating capacity of 390 megawatts.

An earlier report by KMC Savills noted that there were at least 22 office projects at the beginning of 2016 that had either applied for or had already been granted Leadership in Energy and Environmental Design (LEED) precertification.

Encouraging outlook

McCullough said the expansion of the outsourcing and offshoring (O&O) sector would continue to be among the major growth drivers of the economy. The sector generated 1.23 million jobs and $21.8 billion in revenues in 2015.

As a consequence, vacancies would remain “very tight” despite supply additions. McCullough said that KMC Savills were “expecting about 781,800 sqm of additional office supply within the year.”

“Downward pressure on rents should persist in the coming quarters, however market appetite remains largely intact as evidenced by the brisk absorption of new completions during the quarter,” said McCullough.

The better than expected achievement quarterly should ease concerns of double-digit vacancy rates in Metro Manila in 2017. McCullough indicated that, “as occupier demand tries to keep up with the upcoming supply, vacancies may stay relatively elevated in the coming years.”

To best meet demand, Colliers’ Macaranas suggested, “Developers (should) build office spaces with sizeable floor plates to cater to BPOs, while allowing division of floors to meet demand from other tenant types.”
Macaranas said he “expects demand to grow by 8 percent in the next 12 months.”

Colliers agreed that vacancies would remain low despite new office completions. Macaranas expects overall Metro Manila vacancy rates to hover between 4.5 percent and 5.5 percent in the next year.

Completion of MCIA expansion to further boost Cebu’s tourism

Mactan-Cebu International Airport MCIA

The completion of the Mactan-Cebu International Airport (MCIA) expansion project should further boost Cebu’s attractiveness as a tourist destination, international real estate services firm Colliers said.

Targeted for completion in June next year, the P17.5-billion public-private partnership (PPP) project involves the construction of a new world-class passenger terminal building, the MCIA.

The new terminal will have a capacity of 12.5 million tourists per annum, almost triple the old facility’s original capacity of 4.5 million.

As of end-March this year, the MCIA project is already 51 percent completed.

“The upgraded terminal should entice more foreign airlines to mount direct flights to Cebu which has consistently ranked as among the most visited destinations in the country. In 2016, it attracted the largest number of domestic and foreign tourists, outranking other key destinations like Camarines Sur, Davao, Iloilo, Negros Occidental, and Palawan,” Colliers International said.

Aside from the expansion of MCIA, Cebu should entice more tourists over the medium term given the completion of other key infrastructure projects that will considerably ease travel within the city and its environs.

These projects include the Cebu-Cordova bridge and the proposed Bus Rapid Transit (BRT) system that is among the priorities of the Duterte administration.

“These major road transport projects should complement the rehabilitation and upgrading of national and local roads being undertaken by the Department of Public Works and Highways (DPWH),” Colliers said.

Other key developments that should boost Cebu’s tourism industry include the lowering of airfares as airlines compete for bigger market share; approval of the ASEAN Multilateral Agreement in Air Services that allows Philippine air carriers to fly an unlimited number of times to the capital cities of other Southeast Asian countries; Cebu’s emergence as a key meetings, incentives, conventions and exhibitions (MICE) destination.

“With growing interest in Cebu as a MICE destination in the region, we encourage developers to apportion a bigger space for conference rooms and other similar facilities,” said Gerard Padriga, general manager of Colliers International’s Cebu office.

“Cebu’s rising attractiveness as a tourist spot and growing competitiveness as an investment destination should support a 15 percent to 20 percent growth in tourist arrivals over the next 12 months,” Padriga added.

Belle seeks to expand gaming/resort business

Belle Corporation

Property development and gaming firm Belle Corporation is planning to expand its integrated gaming and resort business with plans to add more space to its City of Dreams Manila complex as well as scout for a second site in the country.

In an interview after the firm’s annual stockholders’ meeting, Belle Vice Chairman Willy Ocier said they are currently scouting for a site for its second integrated resort complex.

Noting that Bloomberry Resorts Corporation has been given license by the Philippine Amusement and Gaming Corporation (Pagcor) to build and operate a second complex in Quezon City, Ocier said “we are applying based on the policy of a level playing field.”

“So far, we have not identified our second site but Pagcor has asked us to present it as soon as we have it. As soon as we have our second site, then we will apply. It can be anywhere in the Philippines,” he said.

Ocier explained that, “Pagcor said if you have a second site in mind, please apply, and then we will have to consider and approve. They’ve already said that it cannot be within the entertainment complex, which we agree. But that being said, Pagcor is open to other areas outside of Metro Manila specially if it’s tourism-related they will consider that.”

Meanwhile, Ocier said they are considering expanding the current site of COD Manila. “As you know the City of Dreams complex is operating on full capacity. We only have 6.2 hectares, and day in and day out we’re experiencing a lot of visitations and the casino, and non-gaming activities are normally full,” he said.

Thus, Ocier said “we’re actually looking for neighboring sites to expand, contiguous to COD. We’re looking at that possibility but anything will have to be approved by Pagcor.”

He noted that, “you can eyeball the whole place, there’s so much idle land. We can buy, we can joint-venture. You know with the opening of the NAIA Expressway, things have opened up.”

Ocier said that, “right across COD you see Ayala malls being built and fast coming up. We’ve already started talking to them about building a bridgeway connecting COD to Ayala which I think will be on stream soon.”

Belle’s subsidiary also has an 8,500 sq.m. lot which is “a stone-throw away from COD. We are planning that for non-gaming. And, because of that, we can also apply with PAGCOR for gaming space. We are still on the planning stage,” said Ocier.

Source: http://business.mb.com.ph/2017/04/25/belle-seeks-to-expand-gamingresort-business/

ASEAN Summit opens today

ASEAN Summit Philippines 2017

The Philippines will take center stage as the highly anticipated Association of Southeast Asian Nations (ASEAN) Summit and Related Meetings begin today, April 26, 2017, at the Philippine International Convention Center (PICC) in Pasay City.

Discussions are expected to largely focus on closer cooperation and greater reforms to accelerate economic integration in the region.

Trade and Industry Secretary Ramon Lopez said leaders of the 10 ASEAN countries will discuss political issues in the region and possible food security in their agenda.

“The leaders will come up with a joint statement after the conclusion of the summit,” said Lopez. Economic issues will not be tackled in depth but the Leaders’ Statement to be prepared by the Department of Foreign Affairs may touch also on the Regional Comprehensive Economic Partnership (RCEP), which the Philippines would like to have a significant conclusion during its hosting of the celebration of the 50th anniversary of ASEAN.

The statement may also mention cooperation for further development and promotion of the micro small and medium enterprises and their integration into the global value chain.

Authorities have assured that adequate security preparations are in place to ensure the safety and protection of the regional leaders and delegates attending the 30th ASEAN activities scheduled on April 26 to 29.

NO THREAT

Armed Forces of the Philippines (AFP) Chief of Staff General Eduardo Año said security forces have not monitored so far any threat with the country’s hosting of ASEAN Summit 2017.

Año said that as far as he is concerned, they have covered all bases in ensuring that the event will be shielded from any terror attacks.

“We covered the ASEAN Summit and other activities very well so nothing to worry about,” Año said.

“On the matter of whether there is a threat that is being seen in the holding of all these events, wala po. We don’t see any threat right now, no serious threat that is in the radar screen,” Brig. Gen. Restituto Padilla, spokesman of the Armed Forces of the Philippines, said in a Palace press briefing.

Padilla said government forces have readied security measures to meet any possible “worst-case scenarios” during the summit this week.

“Our planning is always based on worst-case scenarios so whatever worst-case scenarios that we anticipate that could happen, then adequate preparations and plans are laid down to meet these scenarios,” he added.

Under the chairman of the Philippines, the ASEAN summit and related meetings carries the theme “Partnering for Change, Engaging the World.”

The Philippine chairmanship coincides with the 50th anniversary of the regional bloc.

President Duterte and nine other Southeast Asian leaders are scheduled to gather for the formal opening of the ASEAN Leaders’ Summit on Saturday, April 29.

The leaders are expected to tackle “the progress of the implementation of the ASEAN Vision 2025 and the way forward as well as ASEAN’s external relations and ASEAN’s future direction.”

“They will also exchange views on pressing regional and international issues. The Leaders will also interface with the ASEAN Inter-Parliamentary Assembly and the Youth Representatives,” a statement from the ASEAN Philippines read.

Prior to the ASEAN Leaders’ Summit on Saturday, several preparatory meetings will be made at the ministerial level.

The activities lined up today are the meeting of the Committee of Permanent Representatives to ASEAN at the PICC and the welcome dinner for the Senior Officials Meeting (SOM) leaders and delegates at the City of Dreams.

On April 27, the ASEAN senior officials will hold a preparatory meeting at the PICC, followed by a dinner for the ASEAN foreign ministers at the Blue Leaf Pilipinas.

Five ASEAN activities will be held on April 28, starting with the “Prosperity for All Summit” at the City of Dreams. Other meetings include the ASEAN Foreign Ministers’ Meeting, the 15th ASEAN Political-Security Community Council meeting, and the 19th ASEAN Coordinating Council Meeting.

On the same day, President Duterte is expected to attend the 14th ASEAN leadership forum at the Manila Hotel.

SPECIAL NON-WORKING DAY

April 28 was declared a special non-working day in Metro Manila yesterday in view of the ASEAN Summit. The holiday declaration was contained in Proclamation No. 197 signed by Executive Secretary Salvador Medialdea yesterday.

NUMBER-CODING SCHEME

Likewise, on this day the number-coding scheme will be lifted, except in Makati and Las Piñas, the Metropolitan Manila Development Authority (MMDA) said.

On April 29, the President is scheduled to formally welcome the ASEAN leaders attending the annual summit at the PICC. He will chair the ASEAN Plenary Summit at the PICC, followed by the retreat at the nearby Coconut Palace.

The “ASEAN Declaration on the Role of Civil Service as a Catalyst for Achieving the ASEAN Community Vision 2025” is expected to be signed during the summit.

Duterte and other ASEAN leaders are also expected to participate in the separate meetings with representatives of ASEAN Inter-Parliamentary Assembly as well as the ASEAN Youth.

The closing session of the 30th ASEAN summit will be held late Saturday.

The last two summits for the day are 12th Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) Summit as well as the 10th Indonesia-Malaysia-Thailand Growth Triangle Summit.

President Duterte is expected to hold a press conference and then host a gala dinner for the leaders and delegates of the summit.

Ahead of the regional summit, Brunei Sultan Hassanal Bolkiah of Brunei will pay a state visit on April 27 while Indonesian President Joko Widodo will be the state guest on April 28.

ASEAN members are Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.

TRUCK BAN

MMDA officer-in-charge Tim Orbos said the agency will also modify truck ban scheme during the ASEAN Summit.

Truckers will be asked to avoid certain thoroughfares in cities of Pasay, Manila, and Makati during daytime to give way to leaders and participants of the ASEAN Summit.

For traffic management, the MMDA will  designate special “ASEAN Lanes” where “stop and go” scheme will be enforced.

Affected areas are Sen. W. Diokno, Jalandoni, A. Dela Rama, Bukaneg, Arnaiz Street, Makati Avenue, and Parkway Drive.

Leaders and participants of the ASEAN Summit are expected to traverse certain thoroughfares in cities of Pasay, Manila, and Makati.

Some major roads will be locked down when leaders start traversing and roads will be reopened after officials’ vehicles have passed.

The Cultural Center of the Philippines complex in Pasay City has been designated as ASEAN Delegates’ Zone. Roads in the vicinity will be closed.

Meanwhile, the Manila Police District advised the public to stay at home and avoid areas where the ASEAN Summit and Related Meetings are held.

“We are asking the public to if possible, please avoid the ASEAN venues in this period so as not to inconvenience them and also not to add to our security considerations at the time. If possible, they can go visit the provinces, it’s a very long weekend,” Coronel said.

Source: http://news.mb.com.ph/2017/04/26/asean-summit-opens-today/