NEWS
Chan Toei Properties breaks ground for 1st subdivision project with Hana Garden Villas at Nuvali Boulevard
July 15, 2022 7:36 p.m.
Chan Toei Properties Inc. (CTP), a partnership between Prime Eastern Spring Holdings Inc. (PESH) and Toei Housing Corporation of Japan, held a groundbreaking ceremony on May 24 for its upcoming project, the Hana Garden Villas, at Nuvali Boulevard corner Canlubang Golf Road in Cabuyao City, Laguna.
Led by CTP Chairman of the Board Jose Mari Chan, the celebrated occasion was held in the presence of CTP CEO Francis BJ Albert, Directors Takamasa Sashida and Tomokazu Aoyama, with former Mayor Rommel A. Gecolea of Cabuyao City also in attendance.
A first of its kind in residential development by CTP, Hana Garden Villas is a unique collaboration with one of Japan’s largest developers for ready-built homes and the Philippines’ most respected designers: Architect Joel Luna of Joel Luna Planning and Design (JLPD) for master planning, Andy Locsin of Leandro V. Locsin Partners (LVLP) for home concept designs, Architect Jorge Yulo of Jorge Yulo Architects and Associates (JYAA) for amenities design, Architect Vince Lim of CLARQ Design Studio for landscaping, Engineer Rannie Ison of R.S. Ison and Associates (RSIA) for site engineering and Architect Mikael Yap of FOYA Architects, the architect on record for the homes.
CTP Chairman Chan said, “We are proud and happy to have entered into a partnership with a prestigious and highly successful Japanese company, none other than TOEI. Toei Housing Corporation and its mother company, IIDA Group Holdings Co., Ltd., are leaders in Japan for ready-built homes.
“It is indeed the combined vision of the Chan family and TOEI to marry Japanese construction and engineering principles with work by some of our best and most experienced local designers, to create communities that showcase the best of both worlds.
“Today, we proudly break ground on our flagship project, the Hana Garden Villas. We hope that this project will be the first of many. We want to create homes where Filipino families can live and grow in harmony.”
CTP is primarily owned by PESH with investments from Japan’s Toei Housing Corporation. PESH is owned by the Chan family, with investments in mixed-use real estate projects, sugar manufacturing, sugar trading and power co-generation. Toei Housing Corporation is a member of IIDA Group Holdings Co., Ltd., Japan’s largest ready-built home provider with over 43 years of experience. TOEI’s vision is to utilize Japanese quality and ingenuity to enrich Filipino homes and communities.
CTP Director Takamasa Sashida said, “TOEI came to the Philippines and decided to establish Chan Toei Properties because we saw that the Chan family shares the same vision. We will do our best to provide ‘houses that make people happy’ and a ‘lively lifestyle’ to many Filipino families.”
Located at the corner of Nuvali Boulevard and Canlubang Golf Road, in Cabuyao, Laguna, Hana Garden Villas will feature well designed homes ideal for Filipino families with healthy and spacious living environments, infused with Japanese technology and engineering principles.
The soon-to-be-built exclusive community will feature connecting parks, activity areas, a playground, an infinity pool, a designer clubhouse and underground utilities. Clients can choose from three-bedroom and four-bedroom home units with customizable layouts.

NEWS
COA named WTO External Auditor, begins six-year term
7:11 p.m. April 6, 2026
The Commission on Audit (COA) has been appointed as the new External Auditor of the World Trade Organization, reflecting its credibility and strong reputation in international auditing and growing influence in advancing good governance around the world.
The Philippines’ audit body, an independent constitutional commission, succeeds France’s supreme audit institution, the Cour des Comptes, and will serve a non-renewable term of six years.
In its role, COA will oversee the audit of the WTO’s financial statements, pension plan, and operations in line with the Organization’s financial regulations.
The audit body was selected by the WTO General Council on the recommendation of its Committee on Budget, Finance and Administration (CBFA). The committee cited how COA’s proven track record in auditing international organizations will help strengthen financial accountability and reinforce trust in the WTO’s governance framework.
“COA’s appointment as the WTO’s new external auditor demonstrates how the world views our capabilities as an independent audit body– reliable, trustworthy, and world-class. We are committed to upholding the highest standards of independence and professionalism in our work with the WTO, continuing our mission to promote transparency and accountability in international institutions,” said COA Chairperson Gamaliel A. Cordoba.
He said the WTO appointment represents a significant milestone for COA, illustrating its expanding influence and growing force in advancing transparency, accountability, and good governance not just in the Philippines, but around the world.
COA earlier served as External Auditor for several major specialized United Nations agencies, including the World Health Organization (WHO), the International Labor Organization (ILO), the United Nations Industrial Development Organization (UNIDO), and the Food and Agriculture Organization (FAO).
In these assignments, COA was commended for its rigorous standards and contribution to strengthening transparency and accountability in global governance. #
NEWS
MTerra Solar powers up 250 MW, boosting energy supply amid global volatility
7:45 p.m. April 1, 2026
Meralco PowerGen Corporation (MGEN), through its affiliate Terra Solar Philippines Inc. (MTerra Solar), has successfully energized the first 250-megawatts (MW) of its solar capacity – now operating as a generator and marking the start of its contribution to the country’s growing demand for reliable and clean energy.
This milestone represents a critical step in the project’s phased development and comes at a pivotal time for the Philippines, as global fuel market volatility driven in part by the current situation in the Middle East, continues to highlight the urgency of strengthening domestic and renewable energy sources. The early delivery of capacity from MTerra Solar reinforces efforts to enhance the country’s energy self-sufficiency and reduce exposure to imported fuel risks.
“Reaching this milestone reflects the strong execution, collaboration, and dedication of our teams and partners. More importantly, it underscores the role of projects like MTerra Solar in helping secure the country’s energy future at a time when reliability and
affordability are under increasing pressure,” said MGEN Renewables and MTerra Solar President and CEO Dennis B. Jordan.
MTerra Solar was initially authorized to export up to 85 MW of firm power to the grid as part of testing and commissioning activities. With the continued support from the Department of Energy (DOE) and the National Grid Corporation of the Philippines (NGCP), the facility is now exporting up to 250MW — providing additional capacity to help stabilize supply during a period of heightened system demand.
During a previous MTerra Solar event, DOE Secretary Sharon Garin emphasized the project’s significance in strengthening the country’s renewable energy pipeline and addressing immediate supply challenges.
“The initial grid synchronization of MTerra Solar – led by MGEN and Actis – represents a meaningful step towards our transition to a cleaner and more energy-resilient Philippines. Developments of this scale are critical as we navigate current global uncertainties while ensuring long-term energy security,” Secretary Garin said.
“Beyond its contribution to the renewable energy transition, MTerra Solar plays an important role in supporting the country’s near-term energy requirements. The project’s phased energization enables earlier delivery of capacity to the grid, helping ease supply constraints and supporting efforts to maintain stable electricity prices amid evolving global conditions,” MGEN President and CEO Emmanuel V. Rubio shared.
In addition, MTerra Solar has also energized the first tranche of its battery energy storage system (BESS). Through energy generated from its solar output, the plant has been able to deliver up to 450 MWh of energy to the grid at night. This tranche now represents the largest operational BESS available in the Philippines.
Following these milestones, the facility will still undergo a series of comprehensive activities in the coming weeks to ensure the safe, efficient, and reliable integration of battery storage with the solar facility. Once fully operational, the integrated BESS will enhance grid stability and enable the dispatch of renewable energy beyond daylight hours, strengthening system reliability while maximizing the value of solar power generation.
MTerra Solar underscores MGEN’s commitment to advancing a diverse energy portfolio that addresses the energy trilemma – ensuring that supply remains sustainable, reliable, and affordable. At full capacity, the project is expected to generate up to 3,500 MWp of solar power, supported by a 4,500 MWh battery energy storage system – delivering clean energy to approximately 2.4 million households.
The project will also avoid an estimated 4.3 million tons of carbon emissions annually, equivalent to removing more than 3 million gasoline-powered vehicles from the road. With
Phase 1 on track for completion this year and Phase 2 already under construction, MTerra Solar will continue to scale up its capacity, contributing meaningfully to the Philippines’ renewable energy targets of 35% by 2030 and 50% by 2040.
NEWS
Food delivery rider smashes PH cycling record using bike with P2,500 frame
2:25 a.m. March 30. 2026
TAGAYTAY City— Patrick Gerard Lee put the Philippines on the medals board with his bronze medal in men C5 scratch race of para cycling in the Asian Cycling Confederation Track and Para Track Cycling championships on Sunday at the Tagaytay CT Velodrome.
It was the first medal for the Philippines in the annual championships hosted this year by the PhilCycling and Tagaytay City—and the first continental exposure of the national para cycling team.
As importantly, Lee earned points for qualification to the Los Angeles 2028 Paralympics.
But before Lee turned the crowd inside the Tagaytay CT Velodrome into a frenzy, a Panda Food delivery bike rider—Zedrick Ivan Honorica—set a new Philippine record in men elite sprint using the same bike he uses in plying his trade.
Honorica’s bike? A Brain frame that costs P2,500 and a wheel set worth P12,000 which he raised from delivering food—a bicycle that astronomically pales to the equipment used by the elite countries’ riders, some breaching P7 million.
“I pushed and pushed myself, it’s a very tough race,” said Lee, 21, who lost his right forearm from under the elbow in a meat grinder at his aunt’s stall at Marilao Market when he was five years old.
“I’m really very happy because it’s for our country,” added Lee, who’s set to race again on the last day Wednesday of the championships supported by Tagaytay City Mayor Brent Tolentino and supported by the Philippine Sports Commission, Philippine Olympic Committee, MVP Sports Foundation, Sports Plus PH, Toyota and Peak.
Uzbekistan’s Azimbek Abdullaev won the gold medal and Japan’s Ruito Kameda secured the silver but with a tough challenge from Lee—the result went down to the photo finish.
Another Filipino, Joel Inn Tacutaco, finished fifth in the 14-rider race.
Honorica? He’s not your ordinary elite cyclist—literally, he came out of nowhere.
“I race in ‘bente-bente, nothing more,” said the 21-year-old who broke the national record his fellow Marikeño and many-time tour champion Jan Paul Morales set in the Doha 2006 Asian Games.”
“I wasn’t aware of the national record, but I know Kuya JPM [Morales], him being a champion … he doesn’t know me, though,” he added.
Honorica said he’s an accidental member of the national team in the Asian championships.
“I saw a post on Facebook by national coach Gil [Virgilio Espirutu) on an invitation for a power test [informal tryouts], and I was second best … that was only last January,” he said.
Honorica clocked 10.865 seconds, beating Morales’s 20-year-old record of 11.42 seconds.
The effort landed him in 21st out of 22 riders in the event won by Japan’s Kaiya Ota in 9.348 seconds, also shaving a fraction from his previous best of 9.350.

