A combination of a delicate natural environment and increasing poverty is encouraging the son of a billionaire business founder to improve their company’s sustainable and social efforts.
Property group Alliance Global is based in the Philippines, which — being an archipelago of more than 7,000 islands — is particularly susceptible to the effects of climate change, as CEO Kevin Tan described.
“We’re located in a very unique and rather precarious geographic location,” Tan said. “Every year, we experience several calamities, ranging from simple tropical depressions to typhoons to even prolonged droughts and dry spells … In recent years, we have actually seen these occurrences happen more frequently, and with a much higher ferocity,” he added.
Founded by Tan’s father Andrew Tan in 1993, Alliance Global operates in real estate, hospitality and food, with assets including casino and hotel complex Resorts World Manila, and the world’s largest brandy distiller, Emperador. It is also the main McDonald’s franchise holder in the Philippines, via its Golden Arches Development Corporation.
Alongside this, the country has a poverty problem: The World Bank estimates that there will have been 2 million more poor Filipinos in 2020 than there were in 2018 due to the coronavirus pandemic, per a June report — the country has a total population of 108 million.
And according to Tan, a shifting population is also putting pressure on resources. “(There is an) uneven sort of distribution of population growth towards the urban centers versus the rural centers of our country. And … it poses several challenges — among them is really this unequal distribution of economic opportunities,” he said.
The Philippines’ environmental and economic issues spurred Alliance Global to identify two goals: becoming carbon neutral by 2035 and creating 5 million jobs, either directly or indirectly, by the same date. “We decided we wanted to be … better corporate citizens,” Tan said. However, the pandemic meant that the firm extended its deadline for both from 2030. “Nothing could have prepared us for this. I have to admit, yes, of course we had to step back a bit, because we were on survivor mode for the most part of last year and even until today, we’ve had to recalibrate our entire business model. We’ve had to … reduce our costs,” Tan explained.
The firm’s net income reduced by 62% year-over-year to 10.3 billion pesos ($216 million) in 2020, although several of its businesses recovered during the fourth quarter. McDonald’s revenue went up 36% compared with the previous quarter, while liquor sales at Emperador rose 42% over the same period.
Making its alcohol operations more environmentally-friendly has been a focus for Alliance Global: At Emperador the firm uses biogas created from the distilling process to fuel its boilers. In turn, the boilers produce steam, which powers turbines and creates electricity. Around 30% of the company’s distillery operations are powered this way, while vineyards producing grapes for its Fundador brandy in Spain use a process called deficit irrigation, where only the areas that need water are given it.
When it comes to economic development, Tan said the company’s Megaworld “township” residential and office complexes are creating jobs. He singled out Iloilo, a development on the Philippines’ Panay Island, where there is a focus on business process outsourcing (BPO), a practice where firms contract some of their operations to external suppliers. Such BPO companies are growing — and they need office space, Tan said. “Traditionally, the BPO sector was dominated by health care, travel, and financial services. Because of the pandemic, new industries have been introduced to outsourcing, for example logistics, technology, and e-commerce,” he explained.
Alliance Global is also looking to reduce waste in its developments. “We collect all the plastics from all of our developments, from all of our communities, we put them together and … cement factories, they take this plastic and use it as fuel,” Tan said.
Tan claimed the firm now looks at a “triple” bottom line. “Profitability is obviously still very important … But when we look at things now, we look at … not just having a singular bottom line, but having a triple bottom line, and that now includes, of course, environmental sustainability, as well as our social impact.”
This guy built a six-seater electric bike for $150, and it absolutely rips
I’ve always enjoyed multi-seater electric bikes, which bring passenger-carrying utility to small-format, easy-to-produce vehicles. But I never thought I’d see the concept taken this far. At least not until I stumbled upon a six-seater electric bike that has me all kinds of jealous.
It’s no surprise where this custom e-bike originated. If you want to see the most creative and ingenious transportation solutions in the world, you have to head over to Asia.
The Chinese often get a lot of credit for some of the more wacky vehicles popping up on Alibaba, but India usually takes the cake with some of the coolest auto and motorcycle innovation on the planet. And that’s exactly where this impressive six-seater bike comes from, where it was hand-built by Ashhad Abdullah from Lohra in eastern India.
Abdullah seems to have caught my recent Awesomely Weird Alibaba Electric Vehicle of the Week entry for a three-seater electric bike and said “Hold my lassi.”
Instead of a three-seater, Abdullah doubled the capacity to six seats. His stretch-limousine electric bike looks like it wears a scooter fork on front complete with drum brake, off-road lighting kit, and even a motorcycle horn. The rear seems to hold a hub motor wheel in a swingarm supported by dual coilover shocks. There’s a battery box mounted just in front of the swingarm, though how much capacity he’s rocking seems to be a mystery.
Bridging the two ends of the bike is a bespoke ladder frame with six seats, six handlebars, and six pairs of foot pegs.
There’s no word on the turning radius, but we’d wager it’s somewhere around the width of the state of Bihar.
Abdullah created the custom-designed bike after climbing fuel prices made petrol-powered motorcycles less appealing. In total, he says the bike cost him around 12,000 INR (US $150) to build.
It gets a range of around 150 km (93 miles) and costs around 10 INR (US $0.12) to recharge.
I’m not sure if this is technically an e-bike, at least by electric bicycle standards. It certainly looks like a tandem-style bicycle setup with bicycle seats, but the lack of pedals means it would be classified more like an electric scooter or motorcycle.
But whatever you call it, the six-seater bike has received a warm reception around the world.
The novel creation went viral on Twitter after a video of it in action was reposted by Anand Mahindra, the chairman of Mahindra Group, one of the largest automakers in India (and similar in size to GM).
It’s unlikely we’d see an awesome ride like this in the West, where safety regulations and an unhealthy aversion to two wheels would likely make this six-seater dead on arrival.
I’ll admit that it’s hard for me to argue with the safety concerns, especially when seeing six helmet-less heads and a few bare feet as well.
There are some good alternatives available in the US, at least if you’re alright with just two-seater e-bikes. But with options like a $999 Lectric XP 3.0 or a $1,499 RadRunner helping put more riders on smaller electric vehicles, the chances for sharing the fun on e-bikes are growing, even in laggard countries like the US.
We may never get six bodies on one bike, but even two would be a good start!
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Tesla launches in Thailand, opens Model 3 and Y orders at competitive prices
Tesla has officially launched in Thailand and opened orders for Model 3 and Model Y at competitive prices.
It has been a little while since Tesla has expanded into a brand-new market. The company was trying hard to enter the Indian market for years, but the effort was put on hold earlier this year after negotiations with the government stalled.
A few weeks later, we learned that Tesla’s new market team turned its attention to Southeast Asia, and more specifically Thailand.
The automaker filed to register its product for sale in the country. That was the first indication that Tesla planned to enter the market.
In September, we reported that Tesla started to hire in Thailand – indicating that a launch was imminent.
Today, Tesla has officially launched its Model 3 and Model Y vehicles in Thailand with a small event in a luxury mall in central Bangkok.
The automaker has started taking orders through a new Thai configurator for those two models. Tesla is offering all variants of the Model 3 and Model Y for sale in Thailand:
The Model 3 starts at ฿1,759,000 in Thailand, which is the equivalent of about $50,000 USD and fairly competitive compared to other luxury EVs in the market.
The Model Y starts ฿1,959,000, or about $58,000 USD.
Interestingly, while Tesla is starting to take orders through the new configurator, the automaker doesn’t list expected delivery windows in the country.
While we don’t know when official deliveries from Tesla will start in Thailand, there are already a decent number of Tesla electric vehicles in the country.
They have been imported privately by the owners – and that’s a factor that Tesla takes into account when considering entering a new market. If many people are willing to go through the trouble of importing the vehicle, there’s a good chance that there’s a market for its vehicles in the country.
We even reported on the Thai police buying a fleet of Tesla Model 3 vehicles for police patrol back in 2020, pictured above.
The Thai auto market is more significant than most people would think. More than 750,000 cars were sold in the market last year, and it is expected to ramp up to 800K–900K this year. However, most of those vehicles are not in the same price range as Tesla vehicles.
Thailand is also a vehicle assembly hub with up to 2 million vehicles produced locally per year.
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U.S. pledges to ramp up supplies of natural gas to Britain as Biden and Sunak seek to cut off Russia
Rishi Sunak and Joe Biden photographed on the sidelines of the G20 Summit in Indonesia on Nov. 16, 2022.
Saul Loeb | AFP | Getty Images
LONDON — The U.K. and U.S. are forming a new energy partnership focused on boosting energy security and reducing prices.
In a statement Wednesday, the U.K. government said the new partnership would “drive work to reduce global dependence on Russian energy exports, stabilise energy markets and step up collaboration on energy efficiency, nuclear and renewables.”
The U.K.-U.S. Energy Security and Affordability Partnership, as it’s known, will be directed by a U.K.-U.S. Joint Action Group headed up by officials from both the White House and U.K. government.
Among other things, the group will undertake efforts to make sure the market ramps up supplies of liquefied natural gas from the U.S. to the U.K.
“As part of this, the US will strive to export at least 9-10 billion cubic metres of LNG over the next year via UK terminals, more than doubling the level exported in 2021 and capitalising on the UK’s leading import infrastructure,” Wednesday’s announcement said.
“The group will also work to reduce global reliance on Russian energy by driving efforts to increase energy efficiency and supporting the transition to clean energy, expediting the development of clean hydrogen globally and promoting civil nuclear as a secure use of energy,” it added.
Commenting on the plans, U.K. Prime Minister Rishi Sunak said: “We have the natural resources, industry and innovative thinking we need to create a better, freer system and accelerate the clean energy transition.”
“This partnership will bring down prices for British consumers and help end Europe’s dependence on Russian energy once and for all.”
The news comes at a time of huge disruption within global energy markets following Russia’s invasion of Ukraine in February.
The Kremlin was the biggest supplier of both natural gas and petroleum oils to the EU in 2021, according to Eurostat, but gas exports from Russia to the European Union have been signifciantly reduced this year. The U.K. left the EU on Jan. 31, 2020.
Major European economies have been trying to reduce their own consumption and shore up supplies from alternative sources for the colder months ahead — and beyond.
Top CEOs from the power industry have forecast that turbulence in energy markets is likely to persist for some time. “Things are extremely turbulent, as they have been the whole year, I would say,” Francesco Starace, the CEO of Italy’s Enel, told CNBC last month.
“The turbulence we’re going to have will remain — it might change a little bit, the pattern, but we’re looking at one or two years of extreme volatility in the energy markets,” Starace added.
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