NEWS
MPIC Bridges the Gap for Cebu-Cordova’s Economic Growth
Metro Pacific Investments Corporation (MPIC) maintains its crucial role as a reliable partner in nation-building, reaching a major construction milestone for its P30B Cebu-Cordova Link Expressway (CCLEX) this month.
CCLEX, MPIC’s first toll road project outside Luzon, has finally closed the two-meter gap that separated the main bridge decks of Towers 1 and 2. Despite unprecedented challenges brought upon by the pandemic, the major construction feat now successfully connects the modest town of Cordova in Mactan Island to Cebu City, providing an alternative route to decongest the traffic-choked channels that preceded it.
Implemented through Cebu-Cordova Link Expressway Corporation (CCLEC), a wholly owned subsidiary of its toll road arm, Metro Pacific Tollways Corporation, CCLEX becomes an integral component in MPIC’s goal towards progress for the whole country. Beyond the reduction of traffic and the improvement of accessible travel, the project is expected to positively impact trade activities and create larger economic opportunities for Cebu and the rest of the Visayas region.
An Iconic Bridge
In partnership with the local government units of Cebu City and the Municipality of Cordova, the complex project spanned more than three years of non-stop construction, now cited as an “engineering marvel” and expected to become a tourist attraction within itself.
“It is with pride that we commemorate this milestone for CCLEX, given the current circumstances that could have easily hindered our progress,” said MPIC President and CEO Jose Ma. K. Lim. “Through the resolve of all sectors involved, primarily MPTC and CCLEC, we are gradually reigniting the economy of one of the most dynamic metropolitan areas in the country. It is a strategic step towards spurring industrial growth all throughout the Visayas region.”
CCLEX measures 8.5 kilometers long and rises 51 meters from sea level, poising it to become the country’s largest water-crossing infrastructure. The bridge is built with a navigational clearance to allow large vessels to safely traverse a path underneath the bridge.
The bridge expressway will have two lanes in each direction and will feature the main twin cable-stayed bridge, viaduct approach bridges, a causeway, and toll facilities. Spanning eight kilometers from the mouth of the Guadalupe River to Shell Island and then Cordova, the project will connect mainland Cebu to the Municipality of Cordova and is expected to serve at least 50,000 vehicles daily.
The 8.9-kilometer CCLEX will be open to the public for commercial operations in the first quarter of 2022. The bridge will be using a full electronic toll collection system and is fitted with several state-of-the art equipment, including a Road Weather Information System that provides weather watches and warning for public safety.
A Good Pull for Investments
MPIC’s investment in the region has continuously been cited as an integral factor in the municipality’s rapid economic development. Akin to what the conglomerate has done for Metro Manila, the bridge project is effectively set to help in the daily lives of Cebuanos.
Preceding its completion, CCLEX is already generating positive economic growth for the municipality of Cordova, exhibited by the significant rise in land prices within the proximity of the project site. Prices have reached P5,000 per square meter in January 2020, a drastic leap from the P500 per square meter at most before the start of construction in 2018.
This dramatic boom in real estate value within a short time span, directly increased the Cordova’s demand in the market. A good pull for investments, this attracted the attention of several of the country’s biggest conglomerates including Ayala Corporation, SM Prime Holdings Inc., and the Gokongwei Group. The economic growth, partially brought about by the opening of CCLEX, has incited the need for business owners in Cordova to create their own chamber of commerce organization.
In 2019, business stakeholders were initiating moves to groom Cordova as the ‘Sentosa’ of Cebu. Similar to the island resort off Singapore’s southern coast, Cordova was set to become the “crown jewel” of tourism and business in Metro Cebu.
“The influx of infrastructure brought about by the completion of CCLEX is already generating socio-economic impacts that truly benefits all our constituents,” said Cordova Mayor Mary Therese “Teche” Sitoy-Cho. “We are grateful for the work that MPIC and their tollways arm has dedicated into helping us achieve our goal of becoming a more advanced and smart municipality. Aside from improving the convenience of travel, this project has been integral in creating more employment opportunities and uplifting our local tourism as another means of livelihood for our community.”
Linking Progress and Purpose
Beyond the infrastructural advancement that the bridge’s construction entails, CCLEX has become an avenue for the socio-economic development of its fenceline communities, all while integrating an environmentally conscious approach to its blueprint.
CCLEX was built as a “fishermen’s bridge” with additional clearance and channels designed into the structure to give local fishermen and their boats access to their traditional fishing grounds. When over 380 fisherfolks from Barangays Bangbang and San Miguel in Cordova town were required to temporarily cease their operations to allow for the filling activities for the causeway segment, CCLEC ensured the appropriate compensation, providing financial assistance and rice for them and their families.
The bridge was carefully designed and built to protect the existing 278-hectare mangrove ecosystem. With Metro Pacific Investments Foundation (MPIF), MPIC, and the Cordova LGU, CCLEC inaugurated its Mangrove Propagation and Information Center in Barangay Day-as, as part of MPIF’s flagship environmental program, Shore It Up!
As its legacy project for the entire country, the two-storey facility shall serve as the center for the protection and propagation of mangrove trees in the coastal areas, including the rehabilitation of degraded mangroves in the whole Municipality of Cordova. It will also be an information hub to let locals and visitors appreciate the importance and benefits of mangroves in the ecosystem. The Mangrove Center directly employed four Cordova locals to serve as mangrove eco-guides in the Centers.
“MPIC is driven forward with the mindset that we cannot operate our businesses with just profit in mind. More importantly, we must be driven by purpose – by always doing good while doing well,” said MPIC Chief Finance Officer and Chief Sustainability Officer Chaye Cabal-Revilla. “Becoming a partner in nation-building not only entails infrastructural progress but becoming a catalyst in uplifting the lives of all Filipinos.”
The completion of CCLEX is aligned with MPIC’s commitment to contribute to the United Nations Sustainable Development Goals (SDGs), primarily SDG 8 Decent Work and Economic Growth, 9 Industry, Innovation, and Infrastructure, 11 Sustainable Cities and Communities, and 17 Partnerships for the Goals.
NEWS
Toyota Motor Vietnam selects Synology as Data Management Partner
6:53 p.m. March 31, 2024
Toyota Motor Vietnam, one of Vietnam’s largest automobile manufacturers, has partnered with Synology to strengthen its data management infrastructure for its growing data storage and resiliency demands.
“Synology’s storage solution has increased our business resilience,” said Bui Ta Hoan, IT Division Head at Toyota Motor Vietnam. “Synology is reliable, secure, and provides future-proofing scalability for growing data needs.”
Toyota Motor Vietnam deployed Synology data management systems to securely store hundreds of terabytes of data that are generated from assembling over 10,000 vehicles per year. Together with Synology’s high availability and remote data protection features, Toyota Motor Vietnam’s IT infrastructure is more resilient than ever against disruptions.
“Synology solutions are widely adopted in the manufacturing industry for a few simple reasons,” said Jola Le, Synology Vietnam Sales Manager. “Its robustness and ease of use save our customers considerable time. We’re proud to be able to transform and help modernize Toyota Motor Vietnam’s data management and protection needs.”
To learn more about the deployment, please visit: Synology customer story – Toyota Motor Vietnam
NEWS
Kaspersky shares cybersecurity tips for a peaceful getaway during the Holy Week
5:18 p.m. March 28, 2024
As the holiday season approaches, the urge to unwind and kick back is natural. And it’s all too common for people to let their guard down completely when connecting to the Internet too– but shouldn’t.
Recently, the Philippine National Police (PNP) Anti-Cybercrime Group shared their findings on identity theft cases in the country. Between November 2023 and February 2024, they uncovered 178 cases of “hijack profile” incidents. Half of these cases, eighty-nine (89) happened just in February. These cases mirror an upward trend seen throughout 2023, where the PNP recorded almost 3,000 cyber identity theft incidents.
Identity theft occurs when a fraudster obtains personal details from a victim, enabling them to commit identity fraud or fraudulently obtain goods/services. This stolen data can be used to open new bank accounts, take over existing ones, or impersonate the victim for criminal activities.
“In 2023, we monitored 26,164,699 web threats attacks in the Philippines, which made the country 4th with the highest web threats attacks globally, and when we looked at it closely, we found out that Filipinos were facing one (1) attack per second. These numbers are a reminder of the importance of remaining vigilant at all times,” said Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky.
Web threats are browser-based attacks used by cybercriminals to spread malware. This includes common dangers like phishing and viruses, along with offline data theft.
To help Filipinos enjoy a peaceful holy week vacation, below are some of Kaspersky’s recommendations to follow:
General travel tips:
- Be skeptical of tantalizing offers
- Check to make sure your connection is secure before entering any personal information on a website
- Always check the address bar to make sure you are actually on the website you are supposed to be on
- Buy tickets and book hotel rooms either from the company directly or through a well-known ticketing or hotel site
- Do not participate in questionable giveaways
- Use strong passwords and two-factor authentication wherever possible
- Checking the address bar is always a good idea, but it may be insufficient; some malefactors know how to fake addresses. So always use a security solution like Kaspersky Premium that scans malicious links.
Avail up to 20% discounts on Kaspersky’s consumer solutions like Kaspersky Premium, Plus and Standard for the whole month of March at https://www.kasperskyph.com/.
On protecting your personal data against identity theft:
- Keep things to a minimum: Use social media sparingly. Don’t use your real name, never post any personal information and don’t share any personal data via social messaging services.
- Keep your computer up to date: Many hackers now use malware to steal your information. Keeping your computer up to date with security patches and antivirus software helps protect against existing vulnerabilities and detect new attacks.
- Browse safely: To limit the chance of a malware infection, don’t open unknown email attachments or browse suspicious websites.
- Be self-aware: Take the time to check your credit card statements for any strange charges, and contact your credit card bank provider the minute you notice that something’s awry.
NEWS
Kick off your UEFA EURO 2024 adventure and watch games live with GCash
6:06 p.m. March 15, 2024
GCash, the Philippines’ top finance app, joins forces with Alipay+ to bring an exciting opportunity for Filipino football fans to take part in this year’s UEFA EURO 2024. As the premier football tournament kicks off once again, GCash is making it possible for you to witness the action live with the launch of its new raffle promo. GCash is a partner of Alipay+, which is the exclusive Official Payment Partner of UEFA EURO 2024.
Captivating millions of fans globally each year, the UEFA EURO 2024 tournament is set to take place from 14 June to 14 July 2024 across ten iconic host cities in Germany, including Berlin, Cologne, Dortmund, Düsseldorf, Frankfurt, Gelsenkirchen, Hamburg, Leipzig, Munich, and Stuttgart.
By simply using GCash to pay, whether locally or internationally, users can earn raffle tickets and get the chance to experience the thrill of watching the UEFA EURO 2024 games live in Germany.
According to Paul Vincent Albano, General Manager for GCash International, “We are delighted to announce our partnership, together with Alipay+, the exclusive Official Payment Partner of UEFA EURO 2024, a collaboration that celebrates a shared passion and commitment to connecting with Filipino football fans. With GCash, users can unlock opportunities for more enriching experiences, and having the chance to attend the biggest sporting event of the year is just one of the ways we make this possible for our users. Through Alipay+, Filipino fans can pay at thousands of retail stores, F&B outlets and attractions across Germany and Europe, simply with GCash.”
GCash is now available internationally, through its partnership with Alipay+, ensuring seamless transactions for users even while they’re abroad. Through its Scan-To-Pay feature, users can enjoy hassle-free payments with zero service fees at millions of merchants worldwide, including restaurants, grocery stores, retail shops, and more!
The benefits of paying with GCash extends to gaining access to exclusive discounts and promos, including the opportunity to win an all-expenses-paid trip to Germany for UEFA EURO 2024. From March 1 to April 30, GCash users can earn raffle entries for every complete payment transaction made with Scan-To-Pay.
Payments made abroad earns users 10 raffle entries, while transactions within the Philippines earn one raffle entry each. The official winners’ draw will take place on May 4, 2024 with 16 lucky GCash users 2 winning tickets, giving them & their friends who love football the chance to watch the games with them!
Be part of football history and don’t miss out on the chance to witness Europe’s top nations in action this year. For more information and updates on the UEFA EURO 2024 promo, visit the GCash website or follow GCash online through @gcashofficial.
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