Pearl of the Orient Corp.
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Pearl of the Orient Corp. or the Pearl of the Orient Corporation is a Filipino controlled Organization. It was founded by raramos24 and Prince Terence I on March 21, 2009.
Contents
Board of Directors
As of March 27, 2009, the Corporation is composed of 7 members of the Board of Directors. The following were members of the Board:
- Director - raramos24
- Director - Prince Terence II
- Director - Rageldo Dimagiba
- Director - apinyaku
- Director - Swagger McSwag
- Director - Jongr90
- Director - EZEX Lacroa
Each Director has a 5 or more Gold contribution in the Pearl of the Orient Corp. If ever someone wants to join the Corporation, one must donate 5 Gold. This donation would assure his membership in the corporation and in the Board of Directors.
On September 12, 2009, the directorial seat of Prince Terence I was given to Prince Terence II due to his banishment from the game.
History
Beginnings
The concept of having a Filipino corporation was originally from raramos24. This corporation would initiate in creating a company that shall promote Filipino ideals and endeavours. And since funding was tough job, a corporation between Filipinos could pour enough capital for its desired companies.
The search for the members of the corporation started when raramos24 called Prince Terence I. Prince Terence I was was working still at KdGrains, a grain company, when he was first asked to create and join the corporation. Raramos24 then asked Prince Terence I if he is up for a Filipino corporation that would create industrial companies in the Philippines .
Prince Terence I then gave a fast go answer. It was his chance to help his fellow Filipino through the help of the corporation. After Prince Terence I joined the corporation, raramos initiated to name the said body. Thorough brainstorming was conducted between the two members. There were numerous names: Barrio Tagumpay, and La Liga Filipina were just few of the choices. Having a name that is too local could not be so catchy to the foreign market. So they developed a new one. Raramos24 decided to name the corporation as the Pearl of the Orient. Prince Terence I added the word Corp. in order to make it more appealing and would give a recognition that that body is a corporation. 'Pearl of the Orient Corp. seems to be global but yet nationalistic. So it was really a perfect choice. So after all those, the corporation was finally created in March 21, 2009.
apinyaku and McSwag joined the first Filipino-owned corporation in Philippine history. Since more members joined, they have then collected enough funds for their future companies.
Venture in the Philippine Grain Industry
Prime Gold Grains was the first company created under the ownership of the Pearl of the Orient Corp..
Before the company was created, the corporation had a brainstorming of what the corporation should invest first. The main idea was to create an oil company in Palawan. Since Palawan has high oil resources, the company decided to create first an oil company and would later create a ticket company using its oil company as its main source of oil.
But due to a reason that Palawan was heavily populated by oil companies, the corporation dropped the oil company idea and shifted in creating a grain company in Luzon. Luzon has medium grain resources and has few grain company investments.
Grain distribution was an ideal business since there were only few competitors in the grain industry in the Philippines. Also, the Philippines was experiencing a economic crisis and food crisis. Food prices were high and the demand was high. So if the corporation would create a grain company, they would not have a problem in getting grain stocks if they would create a food company. And they could then help the Filipinos who are needing food.
After deliberate meetings, the Pearl of the Orient Corporation decided to create a grain company. They then decided to name it as the Prime Gold Grains.
On March 24, 2009, the company was finally created.
In June 2009, the Pearl of the Orient Corp. decided to close down the company due to financial reasons.
Venture in the Philippine Food Industry
3 days after the Pearl of the Orient Corporation created the Prime Gold Grains and after the fund was collected, on March 27, 2009, the Healthy's Choice, later named A Healthy Choice, was finally established.
The company was created in order to provide affordable food for the starving people in the Philippines and to provide stable jobs for the jobless.
Healthy's Choice to A Healthy Choice
It was in early May of 2009 when Pearl of the Orient Corp. Directors conducted a meeting in order to assess the Corporation's condition brought by the economic problems that the Secta Guru Varnish had caused. With this assessment, they have seen that The Healthy's Choice was facing great problems: Low Income, Low Production and Intense Competition.
After causing losses to the Corporation, some proposed to sell THC, but other directors disagreed. Swagger McSwag, the Head of the POC Finance and Budget Department, stated that the best option was to rename the Company. Since it is that, though the company sells the cheapest Q1 food, it was always seen at the bottom of the list of companies in the Market.
Officially during the second week of May, the company was then renamed from The Healthy's Choice to A Healthy Choice.
Company Upgrade
Due to the large competition of Q1 Food companies especially with the government owned Q1 food company, DoHA, POC decided to upgrade the company to Q2. This will increase company income and will decrease competition with the other companies in the Q1 sector.
It was in the middle of the 3rd week of May when the POC officially upgraded AHC to Q2. Despite the upgrade, the company still sets the record of the cheapest seller of foods in the Philippine Market.
Recovery
With the newer actions initiated by the Corporation, AHC had then recovered.
There are other things that the Corporation will implement in order to maintain the companies they are owning. Some of their plans include the Low Wellness equals to Work Termination Policy, and No Work for 3 to 5 Days equals toWork Termination Policy.
External Links
Company business was also carried out on external web-sites which no longer exist:
- Prime Gold Grains Official Website - The Official Website of Prime Gold Grains.
- Pearl of the Orient Corp. Official Website - The Official Website of the Pearl of the Orient Corp..
