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Vietnam pushes for prompt removal of the ‘IUU Yellow Card’
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Development Bank of the Philippines Celebrates Consecutive and Dual Honors at Asia Corporate Excellence and Sustainability (ACES) 2024
Under the leadership of PCEO Michael O. de Jesus, who brings more than 37 years of domestic and international financial experience, DBP solidified its position as a catalyst for sustainable development. With a strong ethical framework, the bank’s commitment to environmental stewardship, social responsibility, and good governance has been instrumental in driving national progress.
As a flagship environmental undertaking and corporate social responsibility (CSR) initiative, the DBP Forest Program was launched in 2005. Over 6.6 million trees have been planted across 48 project sites spanning 6,000 hectares in collaboration with local communities, universities, and non-governmental organizations—achieving 85% of the 2030 target. This initiative enhances biodiversity, improves local livelihoods, and contributes to the Philippines’ climate action goals through carbon sequestration.
As a key player in driving the country’s transition to a low-carbon economy, with target of 35% renewable energy in the power mix by 2030, DBP actively channels resources to climate financing and renewable energy projects. Through its pioneering Solar Merchant Power Plant (SMPP) financing program, the bank supports developers supplying clean electricity to the Wholesale Electricity Spot Market. Likewise, DBP’s Assistance for Economic and Social Development (ASENSO) for Local Government Units (LGUs) financing program ensures funding for essential infrastructure and socio-economic development projects, including clean energy solutions to uplift living standards nationwide.
DBP’s holistic approach extends beyond financing to education, exemplified by its Resources for Inclusive and Sustainable Education (RISE) CSR program, which provides scholarships to underprivileged students. This emphasis on human capital development underscores the bank’s conviction that education is integral to lasting social and economic progress.
The recent induction of DBP into the Corporate Governance Scorecard Hall of Fame further validates its adherence to high ethical standards, transparency, and good governance. Bolstered by the Senate’s approval of a new charter increasing its authorized capital, DBP stands well-positioned to broaden its development impact, fostering responsible growth, and resilience for future generations.
Hashtag: #ACESAwards2024 #SustainabilityAward #LeadershipAward #Sustainability #leadership #regionalrecognition #DBP #Philippines #leadershipexcellence #outstandingleadersinasia #greeninitiativeaward
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About the Development Bank of the Philippines:
DBP is a government financial institution dedicated to fostering national progress through strategic financing and technical support for priority sectors, including infrastructure, the environment, social services, and MSMEs. With a solid foundation and a renewed mandate, DBP is poised to continue its mission of fostering sustainable development and empowering communities across the Philippines.
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Management change at X-CAGO: Ingo Kästner takes over the reins
With the largest daily updated press database in the German-speaking world, PMG Presse-Monitor GmbH & Co. KG is a leading provider of digital media monitoring, press review creation and media analysis.
Hashtag: #PMG
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Sansiri, Thailand’s Most Trusted Brand, Launches ‘the Society’: A New Social Space In Cherngtalay-Bang Tao, Phuket, Set To Become A Global Brand
Mr. Uthai Uthaisangsuk, President of Sansiri Public Company Limited, reaffirmed the launch of The Society, ‘We are proud to have contributed to Phuket’s development for over 13 years, having successfully completed a portfolio of 27 projects on the island, valued at 26 billion baht. These include notable developments such as Baan Mai Khao Phuket, THE BASE Central Phuket, THE DECK Patong, and Saransiri Koh Kaew. Sansiri plans on continuing its success in the region with the launch of more than 27 Phuket projects over the next five years.’
‘This unwavering trust stems from the company’s high-quality project locations in the island’s choicest areas, alongside comprehensive after-sales services, values that have translated into exceptional returns. We value the potential of Thailand’s recovering tourism sector, especially in Phuket, which is gaining global attention as one of the world’s largest vacation real estate destinations, with an increasing number of foreigners choosing to invest in Thai properties as their second homes. Phuket’s unique indigenous identity, including its cuisine, arts, and culture, serves as powerful magnets for both foreign customers and investors. In addition, Thailand’s visa exemption policy has catalysed unprecedented growth in global tourism, resulting in an “Always High Season” phenomenon for Phuket.’
‘Sansiri developed The Society in the prime Bang Tao-Cherngtalay area to establish it as a global brand at the heart of the exciting developments taking place, enabling visitors to explore all that Phuket and the distinctive Sansiri lifestyle have to offer through new perspectives.’ Mr. Uthai emphasised,
Over four decades, Sansiri has successfully curated exceptional collaborations with the world’s most sought-after international design talents; virtuosos whose masterful touch has graced prestigious private estates and ultra-luxury hotels globally. These visionary collaborations have given rise to extraordinary and bespoke design residences under the Sansiri Luxury Collection portfolio. Each project showcases a rare and highly customised living space, spanning both ultra-luxury flagship and luxury developments across landmark projects in Thailand. These include 98 Wireless, super-luxury flagship condominiums commanding Thailand’s most prestigious resale values, inspired by Ralph Lauren Home with interiors meticulously curated by Anne Carson; KHUN by YOO inspired by Starck, a pioneering Design Branded Residence condominium in the Thong Lo district; and an anthology of extraordinary signature residences presenting the aesthetic vision of world-renowned designers at THE MONUMENT Thong Lo, including Gert Voorjans, the Antwerp-based design virtuoso behind the architectural poetry of Dries Van Noten’s flagship boutiques, and Lorenzo Castillo, the mastermind behind LOEWE’s ethereal retail sanctuaries in Spain, Shanghai, and Hong Kong.
Sansiri showcases its design prowess at ‘The Society,’ a new, luxurious yet accessible social hub in Phuket. This first-of-its-kind space by Sansiri is designed to foster community bonding and elevate Phuket as a premiere tourist destination. It offers a continuous lineup of lifestyle activities, featuring contributions from top designers and illustrators to create an immersive experience. Open daily, ‘The Society’ serves as a cultural focal point where both Thai and international visitors can engage with local lifestyle through unique, tailored experiences in food, fashion, arts, and sustainability.
Key attractions include the Day-to-Night Eatery with an authentic Spanish menu at VAMOS Spanish Tapas Bar, and specialty coffees from BEANS Coffee Roaster. The venue also provides a co-sharing workspace ideal for private meetings and podcasting, an art exhibition space, and a vibrant calendar of lifestyle events. Additionally, it houses a sales gallery showcasing Sansiri’s developments like CANVAS Cherngtalay, the first condominium in the Cherngtalay zone, and THE TALES, Sansiri’s first Pool Villa Collection in Phuket with ‘THE TALES STORY ONE – BANGJO’.
The world-class architectural design by Ed Tuttle’s team complements the venue’s welcoming atmosphere, similar to visiting a friend’s home. Iconic furniture pieces like the Cocoon by Louis Vuitton from the exclusive Objets Nomades collection and Amanta armchairs by Mario Bellini for C&B Italia from the 1960s enhance the sophisticated setting, making ‘The Society’ a must-visit for those seeking to connect and be inspired. Follow us on IG and Facebook: @thesocietyth, or visit the website www.sansiri.com/thesociety
Hashtag: #sansiri
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About Sansiri Public Company Limited
Sansiri, Thailand’s most trusted full-service real estate developers with over 40 years track record is expanding vigorously both in Thailand and international markets emphasizing on design and livability. With a workforce of over 4,000 employees, Sansiri has built more than 400 projects with over 5 million sq.m. throughout Thailand, one residential building in London and one luxury hotel, The Manner, in Soho – New York City. The company also has an affiliated company for property management and sales management services, PLUS Property.
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