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Tag: manila

  • BSP Approves New Bank Service Channels

    BSP Approves New Bank Service Channels

    The Bangko Sentral ng Pilipinas (BSP) has relaxed rules governing service channels for banks and deposit taking activities outside bank premises.

    BSP Deputy Governor Nestor Espenilla Jr. said in a chance interview the changes would allow banks to expand their reach and serve clients more efficiently.

    Under the newly approved regulations, banks are now allowed to serve clients through cash agents. Cash agents will accept and disburse cash on behalf of the banks, facilitating online self-service deposits, withdrawals and fund transfers, as well as bills payment.

    Furthermore, cash agents can also perform Know-Your-Customer procedures as well as collect and forward application documents for loan and account opening.

    They may also sell and service insurance products as authorized by the Insurance Commission.

    Cash agents are typically cash-rich third-party entities with many outlets that conduct regular business in fixed locations anywhere in the country, such as convenience stores, pharmacies and other highly accessible retail outlets.

    The BSP said the cash agents enable banks to leverage on innovative digital solutions to serve a wider client base, particularly in the low-income and rural areas where the commercial incentives to set up a full branch or even a micro-banking office are limited.

    The new regulations are seen to help serve the large base of unbanked and low-income segments.

    Data from the BSP shows more than 36 percent of all the municipalities in the country have no banking presence although most of these are served by a variety of non-bank financial institutions like pawnshops, cooperatives and lending investors.

    Likewise, the BSP also relaxed existing regulations on offsite deposit servicing. This was done by removing highly prescriptive operational requirements and conditions for banks.

    With the new rules, banks have more flexibility in designing appropriate and cost-efficient ways to render deposit pick-up and delivery services and as a result, enhance client experience.

    However, despite the relaxed rules, the BSP said banks must ensure the safety and soundness of the banking system as well as uphold consumer protection.

    It said the recently approved guidelines emphasize banks’ responsibility for ensuring the adequacy of risk management and internal control systems for the liberalized deposit servicing activities.

    As such, the BSP would evaluate the quality and sufficiency of the risk management

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  • Cebu Pacific requests flights to India

    Cebu Pacific requests flights to India

    Cebu Air, operator of Cebu Pacific, wants the Civil Aeronautics Board to reallocate the unused flight frequencies of rival Philippine Airlines to India. The Gokongwei-owned airline filed with the CAB an application for allocation and re-allocation of entitlements to India from PAL.

    Cebu Air’s request made the request in accordance to the existing air agreement between the governments of the Philippines and India.

    PAL flights to New Delhi were stopped in June 2013 amid low demand from local travelers.

    No Philippine carriers fly between Manila and India now.

    Philippines Air Asia Inc. filed with the CAB an application for designation as official Philippine carrier and grant of seven weekly flights to New Delhi, nIndia.

    Cebu Pacific earlier said it was studying to acquire an Airbus 350 and Boeing 788 in the third quarter this year for its long haul operation.

    Cebu Pacific launched its long haul operation in 2013, with A330-300 services to Dubai. It now operates five long haul routes to the Middle East and Australia and also uses its A330 fleet on several short haul routes.

    The airline last March launched four times weekly flights between Manila and Guam, its first US destination.

    Cebu Pacific currently offers flights to a total of 36 domestic and 30 international destinations, operating an extensive network across Asia, Australia, the Middle East, and USA.

    Its 58-strong fleet is comprised of six Airbus A319, 36 Airbus A320, six Airbus A330, eight ATR 72-500, and two ATR 72-600 aircraft.

    Between 2016 and 2021, Cebu Pacific expects delivery of two more brand-new Airbus A330, 32 Airbus A321neo, and 14 ATR 72-600 aircraft.

    Cebu Pacific earlier reported a net income of P7.09 billion in the January to September period, up 99.6 percent from P3.56 billion in the same period last year.

    Revenues increased 10.5 percent to P46.69 billion from P42.30 billion last year.

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  • Marikina-made shoes a hit in Indonesia

    Marikina-made shoes a hit in Indonesia

    Filipino fashion retail brand Rusty Lopez recently opened its newest store in Jakarta featuring comfortable sandals and casuals made from Marikina, the Philippines’ shoe capital known for producing durable and high-quality footwear.

    According to a recent report of the Department of Trade and Industry’s Philippine Trade and Investment Center – Jakarta, the store in Sogo Lippo Mall Puri located in the St. Moritz Central Business District is the brand’s 9th outlet following the opening of stores in Seibu Grand Indonesia, Sogo Emporium Pluit, Sogo Central Park, Sogo Alam Sutera, Lotte Shopping Avenue, Metro Plaza Senayan, Metro Gandaria City, Metro Taman Anggrek.

    In a statement, Philippine Commercial Attaché to Indonesia Alma Argayoso said the sales of the newest collection during the opening were brisk. The other stores also received positive feedback.

    “It is exciting to bring to the Indonesian market the Philippines’ world-famous Marikina-made shoes. This affirms our belief on the potential of fashion retail products in Indonesia, Southeast Asia’s biggest economy,” Argayoso said.

    The first overseas store of Rusty Lopez opened in Jakarta on March 6, 2016 at the Seibu Department Store of Grand Indonesia Mall and featured carefully selected designs suited to the Indonesian market.

    DTI noted that increased interest in Philippine-made shoes abroad helps revive the local shoe industry and is expected to open more opportunities for small enterprises to generate employment within their communities.

    As part of the DTI’s Industry Promotion Group, the Philippine Trade and Investment Center (PTIC) in Jakarta will continue to support and assist Filipino homegrown brands in globalizing their products and accessing regional markets by continuously looking for potential partnerships.

    Aside from Rusty Lopez, other Filipino fashion retail brands in Indonesia include Karimadon, Penshoppe, Gingersnaps and Ann Ong Jewelry.

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  • Cebu Pacific to hold cabin crew grand recruitment

    Cebu Pacific to hold cabin crew grand recruitment

    The recruitment fairs will be held in the following cities: Manila (Cebu Pacific Building, Pasay City) on January 14; Dumaguete City (La Residencia Almar Hotel, Rizal Blvd., Dumaguete City, Negros Oriental) on January 28; and Tagbilaran City (Metro Centre Hotel and Convention Center, C.P. Garcia Ave., Tagbilaran City, Bohol) on January 29.

    More opportunities for interested applicants will be made available all throughout 2017, as CEB will be conducting more recruitment fairs on later dates at chosen areas in Luzon, Visayas and Mindanao.

    “Last year’s recruitment fair in Manila alone was visited by about 1000 aspiring Juans. This year, we aim to make the fair even bigger by reaching out to more areas in the Philippines. We encourage everyone to take on the challenge to be part of the Philippines’ leading airline and contribute to bringing people together through safe, affordable, reliable and fun-filled air travel,” said Atty. JR Mantaring, CEB Vice President for Corporate Affairs.

    CEB will process the applications on the same day, between 9:00 A.M. to 3:00 P.M. Acceptance of updated curriculum vitae (CV) with 2×2 photo will be until 1:00 P.M. only. Applicants must possess a dynamic personality, height of at least 5’3” for female, and 5’7” for male, weight that is proportional to height, clear complexion, good eyesight and a catchy smile, among others. Responsibilities include guaranteeing the safety of guests on board the aircraft, and ensuring that guests have a fun and pleasant flying experience.

    The detailed job descriptions and qualifications can also be found on www.cebupacificair.com or CEB’s page on jobstreet.com.ph.

    CEB currently offers flights to a total of 38 domestic and 30 international destinations, operating an extensive network across Asia, Australia, the Middle East, and USA. Its 57-strong fleet is comprised of four Airbus A319, 36 Airbus A320, seven Airbus A330, eight ATR 72-500, and two ATR 72-600 aircraft. Between 2017 and 2021, CEB expects delivery of one more brand-new Airbus A330, 32 Airbus A321neo, and 14 ATR 72-600 aircraft.

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  • Singapore eyes increased investments, more flights to Manila

    The government of Singapore has expressed interest in further increasing its investments in the Philippines, as well as adding more flights to Manila in anticipation of increased demand in air travel between the two countries.

    In a recent meeting with Finance Secretary Carlos Dominguez III, Singaporean Ambassador to Manila Kok Li Peng said Singapore’s private sector would like to explore new growth opportunities in the Philippines, particularly in the retail, transportation, infrastructure and tourism sectors.

    Ambassador Kok said Singaporean businessmen were planning to schedule the next meeting of the Philippines-Singapore Business Council (PSBC) in Davao City and, if possible, meet with President Rodrigo Duterte to discuss new business and investment activities in the Philippines.

    “We’re trying to get a mixed meeting of the PSBC here. They want to bring the members to Davao to meet with the President,” Kok said, to which Dominguez responded that a possible date for such a dialogue could be in February.

    Singapore’s investments in the Philippines–valued at P16.8 billion in 2015–are mostly in real estate activities, electricity, gas, steam and air conditioning supply, and manufacturing.

    Singapore was the Philippines’ fourth largest trading partner in 2015. The country’s total exports reached $3.8 billion in 2015, mainly comprising electronic products, petroleum products, and electronic equipment and parts.

    The Philippines, in turn, imported a total of $5 billion worth of goods from Singapore in 2015, mostly mineral fuels, lubricants, food and live animals, and industrial machinery and equipment.

    Kok also said that Singapore was looking at the Philippines in exploring more markets for its airline industry.

    “More competition is good for the consumer,” Kok said in explaining Singapore’s plan for its airline companies—Singapore Airlines, SilkAir and Tiger Airways—to add more flights to the Philippines.

    In response, Dominguez, a former chairman of the Philippine Airlines, agreed that opening the Philippines’ air travel industry to competition and even partnerships with other airlines would benefit the economy and boost the growth of the tourism sector.

    Dominguez said the Duterte administration was “engaging more with ASEAN and countries around Asia” as a way to “move forward” and achieve a balance in strengthening the Philippines’ diplomatic ties with other nations across the globe.

    In Beijing last October, Dominguez and Socioeconomic Planning Secretary Ernesto Pernia, who were part of President Duterte’s delegation on his state visit to China, jointly announced that while the Philippines would maintain its good relations with Western economies, it pushed for “stronger integration” with its neighbors in the region.

    The move, they said, would open for the Philippines countless opportunities for trade and investment in a market of 1.8 billion people across the region, especially now that other ASEAN economies had also committed to greater integration and China had pledged to open its capital markets.

    ASEAN groups the Philippines, Malaysia, Singapore, Brunei, Thailand, Indonesia, Laos, Cambodia, Myanmar and Vietnam.

    Both Dominguez and Kok agreed that technology and innovation are indispensable to sustaining growth under the current knowledge-based global economy.

    “We’re now [living under] a knowledge-based economy. We think innovation is the way to go in the future,”Kok said.

    Dominguez said the rapid growth of online-based businesses and investments was among the reasons the Duterte administration considered it a priority to improve “interconnectivity and internet speeds” in the country.

    “The structure of the industry in the Philippines right now is really holding us back. And it’s becoming quite obvious that the system now we have, where we basically have two service providers, is not really working,” Dominguez told Kok.

    In the meeting, Kok also informed Dominguez of Singapore’s request to review and update the terms of its 40-year old double taxation agreement with the Philippines.

    Dominguez assured Kok that he would discuss Singapore’s concerns regarding the double taxation agreement with the Bureau of Internal Revenue.

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  • Philippine Airlines Partners With Translations.com to Localize Website

    Philippine Airlines Partners With Translations.com to Localize Website

    Translations.com, a division of TransPerfect, the world’s largest privately held provider of language and technology solutions for global business, today announced that Philippine Airlines has chosen its GlobalLink Connect technology to launch and maintain the company’s corporate site as well as its Mabuhay Miles loyalty site in four languages.

    Translations.com will support the launch and maintenance of www.philippineairlines.com and www.mabuhaymiles.com in four languages — Simplified Chinese, Traditional Chinese, Korean, and Japanese. GlobalLink’s Sitecore Experience Platform connector will provide Philippine Airlines with a powerful solution to initiate, automate, control, track, and complete all facets of the translation process within their existing Sitecore user interface.

    Because the Sitecore integration is pre-built, no additional IT requirements or development hours were required to enable the integration. With GlobalLink Connect, Philippine Airlines is able to automate translation workflows, simplify review processes, and release in-language content to their target audiences quickly and on-brand.

    “The launch of our corporate and loyalty sites in these four languages marks a significant breakthrough for us,” said Snooker Jaranilla, Assistant Vice President of Philippine Airlines. “With GlobalLink’s ability to integrate directly with our existing Sitecore platform, managing our multilingual content is easy, familiar, and cost-effective. GlobalLink has made a significant positive impact on our international strategy.”

    “We are thrilled to have the opportunity to work with Philippine Airlines,” said Phil Shawe, Co-CEO at Translations.com. “It’s fulfilling to know that our GlobalLink Connect technology is helping such a strong Asian brand provide a better online experience to their customers both at home and abroad.”

    Translations.com Co-CEO Liz Elting added, “As its country’s flagship carrier, we knew that it was important for Philippine Airlines to represent their country with a strong online presence. By launching their corporate and loyalty sites in four new languages, they are making a strong statement showing the care and value they place on customers across all languages.”

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  • Cebu Pacific boosts capacity for festive season

    Cebu Pacific boosts capacity for festive season

    Cebu Pacific has taken delivery of a new Airbus A330-300 aircraft in time for the festive peak season.

    The new twin-aisle jet was delivered on 14 December and has now entered service on the airline’s route between Manila and Hong Kong. This deployment has led to a 22% increase in terms of seat capacity on the popular route.

    As a low-cost carrier, Cebu Pacific equips its A330s with 436 seats in an all-economy class layout. This gives it a greater capacity than some airlines’ A380s.

    Cebu Pacific is the largest Philippine carrier operating in Hong Kong, offering flights to Cebu, Clark and Iloilo, as well as Manila.

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  • Cebu Pacific eyes new jets for possible US flights

    Cebu Pacific eyes new jets for possible US flights

    Cebu Pacific, the country’s largest carrier, said Wednesday it was considering acquiring wide-body jets for possible flights to the United States.

    While “no formal decisions” have been made, Cebu Pacific said studying the acquisition of new aircraft is part of its long-term planning.

    In a disclosure to the stock exchange, the company said it was “evaluating new generation wide body aircraft that would enable it to enter new markets such as the United States.”

    The clarification was issued after The Standard newspaper, quoting an aviation think-tank, said Cebu Pacific was planning to acquire new planes for trips to the US West Coast.

    Cebu Pacific currently flies to the US territory of Guam. It also operates long-haul flights to the Middle East and Australia.

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  • Huawei opens new concept store

    Huawei opens new concept store

    Huawei introduced a new retail concept in its line-up of experience stores during a recent opening at SM City San Lazaro, Manila. The newly opened branch is the first in the city of Manila and the 44th in the country.

    SI 3.0, the design blueprint of the Huawei SM San Lazaro store is guided by four traits – simple, premium, warm, and comfortable. Relative to its predecessor, the SI 2.0, the new design is marked with wider spaces and lighter ventilation promising an enhanced and more welcoming customer experience.

    “Huawei continues to prove to be a game changer in the smartphone industry this year, and we have big plans to take advantage of this momentum. Our high-end premium phones such as the P9 and Mate 8 have been the drivers of this smashing success. As such, we would like to extend this premium, high-quality identity to consumer experience at our stores,” said Andy Fang, Country Head at Huawei Philippines.

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  • Chimes Boutiques opens ‘world class’ flagship

    Chimes Boutiques opens ‘world class’ flagship

    Chimes Boutiques has opened a new flagship store in its home town Davao city.

    “I never imagined 12 years ago that we would be able to deliver a truly world-class experience to our humble shores,” observed Chimes Boutiques CEO and SVP of Felcris Group, Cindy Yap at the store’s unveiling.

    Chimes was originally founded by the second generation siblings of the Yap family – founders of hypermarkets and convenience stores in Mindanao – who saw an opening for a channel selling luxury retail brands in Davao. With such a store, she figured,  Mindanao’s well heeled would no longer have to travel to Manila, or overseas, for fine fashion.

    chimes-chic-mb3

    “Change is a constant element in everyone’s life and [after 12 years] that moment came for us, as well. We decided to develop a selling strategy that would meet the wishes of our client – passionate travelers always on the lookout for something new,” she said.

    The 37,000 sqft Governor Sales Street store was completely refurbished – all the way to the new logo – in a project led by retail designers Cyndi and Happy Fernandez of Moss Manila.

    Chimes stocks more than 100 brands spanning beauty, accessories, ladies ready-to-wear, menswear, home and children. Among the labels: local brands Aranaz, Happy Skin, Rajo Laurel, Vania Romoff, Renegade Folk and Sunnies Studios.

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  • Cebu Pacific plans Legazpi night flights

    Cebu Pacific plans Legazpi night flights

    Cebu Pacific said the upgrade of the Legazpi International Airport as a night-capable facility has allowed the budget carrier to operate flights even in the evening.

    In a statement, Cebu Pacific said it is the first carrier to operate night flights out of the Legazpi International Airport after being upgraded by the Civil Aviation Authority of the Philippines (CAAP) with necessary facilities and declared ready to accommodate evening flights.

    The upgrade allows airlines to offer more flights for passengers to choose from.

    At present, Cebu Pacific operates six daily flights to and from Legazpi via Manila and Cebu.

    Evening flights operated by Cebu Pacific’s wholly-owned subsidiary Cebgo, depart Manila at 6:15 p.m. and 7:20 p.m, and arrive in Legazpi at 7:40 p.m. and 8:45 p.m., respectively.

    The return flights meanwhile, leave Legazpi at 8:20 p.m. and 9:35 p.m., and land in Manila at 9:40 p.m. and 10:55 p.m., respectively.

    The upgrade is likewise seen to give a further boost to tourism in Legazpi which serves as a regional hub for business, education and government.

    Legazpi International Airport is the main airport of the Bicol region, serving provinces such as Albay and Sorsogon.

    As early as 2012, Cebu Pacific has been calling for the upgrade of airports to have night capability to allow airlines to offer flights in the evening and in effect, help ease congestion at the Ninoy Aquino International Airport (NAIA) runway during the peak

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  • Globe deploys Amdocs’ Revenue Guard

    Globe deploys Amdocs’ Revenue Guard

    The Philippines’ Globe Telecom will deploy a revenue assurance platform from Amdocs to help minimize revenue leakage risks.

    Globe has selected the Amdocs Revenue Guard service, which provides automated and analytics-driven revenue assurance.

    The service uses technology developed by cVidya, which Amdocs acquired for $30 million earlier this year. It combines revenue assurance and fraud management software tools with professional services including risk analysis consulting, business analytics, training and IT operations.

    Globe will use the service across its line of business, and plans to take advantage of the consulting and training services provided.

    Revenue Guard can be deployed on-premise or as a cloud services under a variety of operating models, including SaaS, revenue share and KPI models.

    “The entry of a company of Amdocs’ magnitude to the revenue assurance space with its acquisition of cVidya is yet another proof of the increased importance of this domain for the industry as the world becomes increasingly digital,” Globe CFO Rizza Maniego-Eala commented.

    “By integrating the Amdocs Revenue Guard service into our data lake, we will be able to centrally analyze and effectively share data across the different parts of our business, optimizing revenue while keeping operational costs to the absolute minimum. We see this as an additional milestone in our transformation to become a digital service provider.”

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  • MManila 53rd most expensive retail property location in the world

    MManila 53rd most expensive retail property location in the world

    The Philippines has slipped by a notch on the list of most expensive retail property locations this world due to lower-than-expected sales volume so far in the year, a global real estate services firm said.

    In a report, Cushman and Wakefield said in Metro Manila dropped from the 52nd spot last year. It cited a slowdown in the sales of luxury properties.

    “The luxury segment experienced a slowdown as lower-than-expected sales volumes in existing stores led to upscale brands re-evaluating expansion plans,” the report said.

    In spite of the slowdown, Cushman and Wakefield noted the Philippine market continues to enjoy the support of international brands.

    “International brands continue to drive the Philippine retail sector, supported by the rising disposable income of a growing middle class population,” the report noted.

    Global mid-tier brands accounted for a significant volume of leasing activity in recent quarters.

    “In particular, fast fashion retailers and F&B operators are leading the growth of the segment as brands such as Uniqlo and H&M continue to aggressively expand their footprints within and outside Metro Manila,” Cushman and Wakefield said.

    Growing competition among mall developers has led to the formation of new retail concepts as a way of expanding market share.

    “There is also a shift in the tenant mix, where mall operators are increasing the share of F&B in their retail developments,” the report said.

    By region, the Asia Pacific retail market has been seeing a cautious 2016.

    “Overall, retailers continued to be cautious in their store expansion across the region due to a number of concerns including continued global economic instability, and we see this trend continuing well into 2017, said Cushman and Wakefield Asia Pacific Head of Retail Theodore Knipfing.

    Once retailers start expanding, the focus would be on high-performing malls and high streets with strong pedestrian traffic, Knipfing noted.

    “All in all, despite the cautious outlook across the region, major international and regional retailers will have to eye overseas growth, as their respective domestic markets reach saturation point and investors demand results,” Knipfing said.

    Moreover, Upper 5th Avenue encompassing 49th—60th Streets in New York, USA remains number one on the list of most expensive shopping locations in the world at $3,000 per square feet.

    This is followed by Causeway Bay in Hong Kong at $2,878 per square feet and Avenue des Champs Élysée in Paris France at $1,368.

    Retail rent in Philippines, particularly Rockwell and Century City in Makati, is at $57 dollars per square feet.

  • Air Asia Philippines cuts net loss to P1.2b

    Air Asia Philippines cuts net loss to P1.2b

    The Philippine unit of Southeast Asia’s largest budget airline said it reduced  net loss by 12 percent in the third quarter on higher passenger traffic.

    Air Asia Philippines said net loss amounted to P1.2 billion in July to September, down from the P1.4-billion loss it reported a year ago.

    Revenues increased 24 percent to P2.57 billion in the third quarter from P2.07 billion in the same period last year.

    “The increase in revenue can be attributed to higher passenger volumes which increased by 8 percent year-on-year and the increase in average fare by 21 percent year-on-year,” Air Asia Philippines said.

    Passengers carried by AirAsia Philippines increased 8 percent to 976,765 from last year’s 901,957, while load factor went down by 1 percentage point to 83 percent from 84 percent.

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  • One of SEA’s leading banks teams up with Powerman for two duathlon events

    One of SEA’s leading banks teams up with Powerman for two duathlon events

    Maybank, South East Asia’s fourth largest bank, and Powerman Philippines, the Philippine affiliate of the International Powerman Association (IPA), are hosting two duathlon race events in the Philippines this year.

    The first race, which was held last November 20, 2016 at the SM Mall of Asia by the Bay, Anytime Fitness Powerman Philippines Asian Invitational was co-presented by Maybank. Professional duathletes Jason Loh and Su Teoh from Malaysia and Airi Sawada from Japan flew in to be part of the race’s Elite Category.

    Maybank is also the title presentor of the Powerman Philippines World Series which will be held on December 3 and 4 at the Clark Freeport Zone in Pampanga. Ten professional duathletes including Powerman World from all over the globe including the two-time Powerman World Champion and Powerman Philippines Ambassador Gael Le Bellec three-time and defending Powerman World Champion Emma, and defending Powerman World Champion Seppe Odeyn will fly to the Philippines for this race.

    Aside from having a Powerman Short, this event will also feature the Powerman Classic (10 km run– 60 km bike –10 km run), the Powerkids (for kids ages 6-12) and the Powerteens (for teens aged 13-19).

    The Maybank Powerman Philippines World Series is also a qualifying event for the Powerman Duathlon World Championships to be held in Zofingen, Switzerland in 2017. The event attracts a host of professional and highly competitive age-group athletes, seasoned multi-sport athletes who want to take on a different challenge, and athletes who have just started in the multi-sport category.

    “Maybank welcomes this partnership with Powerman Philippines,” according to Richard C. Lim, Executive Vice President and Head of the Retail Business Group of Maybank Philippines, Inc. “Maybank prides itself in being at the heart of the communities we are present in. Being associated with this important sporting event, with almost 3,000 participants in both races, and leveraging on this type of sports sponsorship platform can definitely help elevate our brand in the Philippines. We are excited by the fact that the biggest event, the Powerman Philippines World Series, will be held in Clark where Maybank has one of its largest branches in North Luzon, an area where we have a strong branch network, the largest of any foreign bank in the country.”

    Mr. Lim added, “Endurance sports are gaining popularity in the country and Maybank wants to capitalize on this and become associated with the positive values that sporting events promote.”

    “The inclusion of Maybank definitely adds prestige to both Powerman events this year,” says Owen Gan, President of Powerman Philippines. “Being one of the largest banks in South East Asia, Maybank will definitely help Powerman in gaining popularity in the Philippines, and eventually in the region, especially now that there are more Powerman events lined up for 2017.”

    Part of the proceeds of Powerman will go towards buying bicycles and other gear for the Batang Tri Grassroots program that supports young individuals who do not have the financial means to enter the world of multi-sports.

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