BingoPlus amps up Sinulog Festival 2023

BingoPlus amped up the celebration of the Sinulog Festival 2023 by joining the Sinulog Grand Parade and co-presenting the concert of Asia’s Phoenix and Cebu songbird Morisette Amon at the Waterfront Hotel and Casino on January 14.

The first and only live-streaming Bingo in the Philippines threw its support behind one of the country's most popular and colorful festivals that brings millions of tourists yearly to the Queen City of the South. The festival and Bingo Plus’ contributions were hailed by revelers as a fitting revival of the liveliness and vigor of the Festival that had to be momentarily sidelined due to the pandemic. BingoPlus provided buses at multiple flash points in the city to ferry merrymakers from their localities to the center of the Sinulog celebrations.

Out to fulfill its mission of providing joy and positive vibes by providing worthwhile and profitable leisure entertainment to Filipinos, the brand went all out to support the festivities this year which was like a coming-out party for the City of Cebu.

“Fiestas are part of the Filipino culture and BingoPlus has consistently supported the various local festivals in different parts of the country. The Sinulog is a special day of celebration and an outpouring of thanksgiving to the Santo Niño for His protection and abundant blessings. It is a day for food, parade, dance and party,” said Jasper Vicencio, AB Leisure Exponent Inc. president.

“BingoPlus is a champion of local talents, thus who best to entertain fellow Cebuanos at this Festival but their most admired performer, Morisette? Rest assured BingoPlus will continue to honor Philippine tradition and culture through music, sports, camaraderie, and festivities. As a promoter of entertainment we will continue to be present in major leisure events and activities nationwide,” Vicencio added.

BingoPlus is licensed by Philippine Amusement and Gaming Corporation (PAGCOR) and the flagship brand of Leisure & Resorts World Corporation (LRWC)’s subsidiary, AB Leisure Exponent Inc. (ABLE).

Regional Insurtech Igloo Eyes more Opportunities to Drive Financial Inclusion in the Philippines with US$ 27-M in Fresh Funding

MANILA, PHILIPPINES - Following a successful $27-M Series B+ funding, regional insurtech Igloo is gearing up to further accelerate financial inclusion in Southeast Asia. Seeing tremendous growth in the Philippines, Igloo will be allocating a portion of the funding to deploy more insurance solutions and increase coverage across the country.

The first investment in Southeast Asia, the recent funding round was led by a group of global institutional investors, highlighting their shared mission of protecting the communities they serve. The investors have expressed interest in Igloo’s initiatives in the Philippines which include providing <credit line insurance to entrepreneurs, half of which are women, through its partnership with Philinsure. The firm also pioneered Foodpanda’s PandaCare initiative, a comprehensive insurance package for platform workers that includes accidental death, accidental dismemberment, medical reimbursement, hospital assistance, and burial expense.

“With an insurance penetration rate of less than 2%, we entered the Philippines by listening to the unmet needs of Filipinos to ensure we are filling the gaps that other players have yet to address,” said Mario Berta, Philippine Country Manager for Igloo “With the success of the B+ funding, this ensures that we can strengthen our current tech capabilities and allow us to introduce new solutions that would reach more underserved sectors in the Philippines.”

Igloo is currently in talks with insurance and government partners to bring the first blockchain-based Weather Index Insurance, a new technology that would provide immediate financial assistance to farmers in times of adverse weather conditions. With an average of 20 typhoons traversing the Philippines every year, Weather Index Insurance will not only fast-track farming communities’ recovery but also guarantee the sustainability of their livelihood.

While Igloo helps insurance partners onboard their products into digital platforms, the firm is also finding more solutions to support direct sales intermediaries. As the industry transforms itself, there is also a need to help agents and brokers prepare for the increasing demand for insurance. The firm intends to introduce Ignite by Igloo, an intuitive AI-powered digital solution, that enhances the productivity of agents by automating manual paperwork and inefficient procedures.

With the increased ease of purchase of low-cost protection, latest data from the Insurance Commission (IC) showed microinsurance premiums jumped by 15% in the first quarter alone. Riding off the growth of the segment, Igloo has facilitated over 100 million through local insurance partners in the past four years it has been in the market.

“The Philippines being one of the most digitally connected places in the Southeast Asia region is an advantage for insurtech companies because technology is heavily involved in the lifestyle of Filipinos.“ said Berta “We will leverage technology to reach out to sectors within the Philippines since every Filipino deserves to have access to insurance, no matter where they live.”

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About Igloo:

Igloo is the first full-stack insurtech firm to emerge from Singapore. It has offices in Singapore, Indonesia, Thailand, The Philippines, Vietnam and Malaysia and tech centres in China and India. With a mission of making insurance accessible for all, the firm leverages big data, real-time risk assessment, and end-to-end automated claims management to create B2B2C insurance solutions for platform companies and insurance companies. Igloo’s insurance solutions enable companies to eliminate their exposure to operational risk, create new revenue streams, and optimise and enhance existing products and services. Igloo has partnered with over 55 well-known brand names across the markets in various verticals, including insurance, telecommunications, e-commerce, hospitality, health tech and financial services.

For more information, please visit https://www.iglooinsure.com/.

Holcim Optimizes Operations through Digitalization, Moves Closer to Plants of Tomorrow Ambition

A drone hovers inside a 31-foot silo of Holcim Philippines’ plant in Bacnotan, La Union to inspect it as part of the site’s regular maintenance activities. The drone’s operator takes notes of the maintenance actions to be taken. The activity is done in a few minutes.

Using drones for this task has eliminated health and safety risks from having people conduct visual inspections in remote spaces. The drone also allows for higher frequency of checks and reduces equipment downtimes required for such inspections.

The use of drones is one of several digitalization initiatives that leading building solutions provider Holcim Philippines has undertaken. The company has accelerated these efforts as part of its innovation drive to raise business, safety and environmental performance to further improve efficiency and safety of manufacturing operations.

In 2022, Holcim Philippines implemented over 70 projects to raise manufacturing performance through automation technologies under the Holcim Group’s Plants of Tomorrow program. Focused on automating production processes and predictive maintenance, the Philippine projects are designed to generate optimization gains and savings.

Holcim Philippines President and CEO Horia Adrian: “Digitalization is a key part of our innovation and sustainability direction to further make operations safer, more efficient and respectful of the environment. We have already realized a number of gains from these initiatives and excited to accelerate our transition to digitalizing our plants to better serve customers and ultimately deliver excellent business results.”

A key Plants of Tomorrow initiative is the use of artificial intelligence for data-driven decision-making in operations. Already, sensors have been installed in key equipment to provide operators real-time data to guide them in keeping these running within parameters. Stable operations in turn improves plant production and ability to utilize low-carbon alternative while also reducing equipment wear and tear.

Holcim Philippines is also following the same approach in maintaining facilities with a software that projects the state of equipment for 90-day periods based on data provided by sensors. The information is critical in helping the company plan maintenance activities and conduct early intervention to prevent operational disruptions.

Furthermore, the company is deploying predictive tools in ensuring product quality with a software that projects the strength development of its cement for different time periods. This enables the company to make adjustments on its products faster instead of waiting for several days to implement tweaks.

Holcim Philippines is even using digitalization to simplify daily meetings with a software that consolidates information from different areas of operations. This removes the need to open numerous applications and preparation of reports allowing plant personnel to focus on implementing actions.

Holcim Philippines Senior Vice President for Cement Industrial Performance Eung Rae Kim: “We are very proud of our people for quickly adopting to of our digitalization direction. Upon seeing the benefits for the plants and the simplification of their job, our people immediately embraced this shift and are actively looking for ways to apply digitalization in other areas.”

The company also uses its drones for material surveying of storage facilities instead of having people conduct more costly and time-consuming physical audits. The quick adoption of digital tools in other areas of operations shows the company’s growing ease with its digitalization transition. Already, Holcim Philippines is exploring the of use predictive technologies to improve reliability and efficiency of operations and consumption of resources. While the company is still at the early stages of its digitalization journey, it is confidently moving towards making its plants ready to face the challenges of tomorrow.

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About Holcim Philippines

Holcim Philippines, Inc. (Philippine Stock Exchange: HLCM) is one of the leading building solution companies in the country. The Company has a deep portfolio of innovative solutions fostered by a full range of products from structuring to finishing applications that can help local builders execute with high performance and efficiency a wide range of projects from massive infrastructure to simple home repairs.

With cement manufacturing facilities in La Union, Bulacan, Batangas, Misamis Oriental and Davao, as well as aggregates and dry mix business and technical support facilities for building solutions, Holcim Philippines is a reliable partner of builders in the country.