Just a handshake for business deal between fellow alumni

Every generation needs a revolution - an entrepreneurial revolution

This post met a Chinese businessmen, who together with 2 others are engaged in real estate development.

The meeting was arranged so that we can possibly be partners in subdivision projects which no longer our expertise, we having shifted since 1997 (the Asian financial crisis) to memorial park development (that is almost 26 years)

This post emphasized that in one of our projects in West Visayas, a joint venture partners we simply shook hands and he said we can start anytime, since we both graduated from same school, hence there is no need

for security.  

How we wish it could be done that way.   Other mature businessmen say, trust no 

SMC building a 15 Km superbridge between Batangas and Mindoro

Every generation needs a revolution - an entrepreneurial revolution

SMC on a PPP business arrangmene with province of Mindoro is planning to build a 15 km super bridge between Mindoro and  Batangas.    The bridge will start from Ilijan Batangas,  (6.5 km) up to Cape Verde Islands, and from Cape Verde Islands to Puerto Galera (8.5 km).   It is going to be a pontoon design, and will cost

This will improve trade in Southern Luzon (between Batangas and Mindoro) create jobs, investment opportunities. and shorten the travel between Mindoro and Batangas to only 30 minutes.   (vs 1hour or more via boat ride)

SMC has met with leaders of Mindoro about the project, and SMC president has brought in European experts to study the feasibility of the bridge.   The study of water depth alone will take about two years

EV will kill the ICE automotive industry

Every generation needs a revolution - an entrepreneurial revolution

It has been noted that sales of Internal Combustion Engine vehicles is on the decline.  The finances of General Motor is on the decline.

It could be caused by entry of EV vehicles.   EV from China and Tesla (USA) are on price war making the EV more affordable.   BYD of China has EV of $10k making this more affordable.

The lack of moving parts sees no need for parts and maintenance business making a big dent on the profitable side of ICE manufacturers.  () maintenance)

What is going to the ICE EV industry.?   Are they going to disappear?