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Etihad seeks to attract more tourists to Abu Dhabi

By Denise A. Valdez, Reporter
ETIHAD AIRWAYS, the national airline of the United Arab Emirates (UAE), said it is hoping to attract more tourists to visit Abu Dhabi as part of its 15th anniversary celebration.
In an e-mail interview earlier this month, Etihad country manager in the Philippines Yarub Obaidalla said the airline wants to attract more visitors to the UAE capital and maintain the high demand for flights connecting to the Philippines.
“As we celebrate our 15th anniversary and refreshed our brand to ‘Choose Well,’ we would like to invite more guests to experience Etihad and the amount of choices available to personalize their experience. We are currently focusing on providing our guests with different choices and creating personalized experience for each of them,” Mr. Obaidalla said.
While the company doesn’t plan to increase the number of flights to the Philippines anytime soon, he said demand for flights to the country remains strong.
Etihad currently offers a total capacity of 1,648 seats in its twice daily flights between Manila and Abu Dhabi.
In its goal to attract more tourists from all over the world, Etihad’s destination management division Hala Abu Dhabi is arranging stopover trips in the emirate for passengers in long-haul flights.
“As part of this programme, guests receive free premium accommodation and can take advantage of 2 for 1 offers on sights and activities around the city… We want our guests to visit and experience our home,” Mr. Obaidalla said.
Other activities offered by Hala Abu Dhabi are golf stopovers and city stopovers.
“Abu Dhabi is a destination where style and sophistication are apparent everywhere. The city is home to world renowned attractions including the Louvre Abu Dhabi, Ferrari World, Yas Marina, the Formula 1 Etihad Airways Abu Dhabi Grand Prix, and Warner Brothers World to name just a few. These world-leading initiatives are a great reason for guests to break their journey in Abu Dhabi,” Mr. Obaidalla added.
For visitors with a Philippine passport, a visa would be required to enter Abu Dhabi. But its government allows Etihad to arrange visas for visitors by filling out a form on its website. The airline will then send a soft copy of the visa through e-mail which can be printed and presented at the airport.
“With the support of Abu Dhabi airports, guests with an onward travel can avail a 48-hour visa to discover the unique city tours with Hala Holidays. This presents the opportunity for travellers to enjoy Abu Dhabi regardless of the short layover,” Mr. Obaidalla said.
He added, “Hala Holidays can curate an itinerary to experience all the beautiful attractions around Abu Dhabi. A short 6-hour stopover can be organized to include a visit to the recently opened Louvre and still leave you with ample chance to rest and refresh for your connecting flight.”

Christmas cheer at Jesus’ traditional birthplace of Bethlehem

BETHLEHEM, West Bank — Filing past a 16-meter Christmas tree in Manger Square, visitors from all over the world made a Christmas Eve pilgrimage to Bethlehem, the town revered as the birthplace of Jesus.
The Palestinian town in the Israeli-occupied West Bank is enjoying its busiest Christmas in years, with hotels nearly fully booked and the security situation relatively calm.
Lines of pilgrims squeezed through a narrow sandstone entrance to the Church of the Nativity to visit the grotto where Christian faithful believe Jesus was born.
“This place is wonderful. I feel like the real Christmas (is celebrated) here,” said Joseph Ahlan, a pilgrim from Malaysia.
Maria Moeva, a visitor from Bulgaria, said she could feel “all the passion of the people who are here to celebrate the birth of Christ.”
The acting Latin Patriarch of Jerusalem, Archbishop Pierbattista Pizzaballa, led an annual procession from Jerusalem to Bethlehem and later celebrated Midnight Mass in the Church of the Nativity, originally built in the 4th century.
In Manger Square, visitors were entertained by choirs singing carols, bagpipe players, and a Palestinian scouts’ marching band.
While the security situation has eased since a wave of Palestinian knife and car-ramming attacks in 2015, Israeli roadblocks and a six-meter Israeli-built concrete separation barrier that snakes around the town are still part of the Bethlehem vista.
Palestinians see the barrier as a land grab, in territory they are seeking as part of a state of their own. Israel, which captured the West Bank in a 1967 war, says the fences and walls it has erected help prevent Palestinian attacks. — Reuters

MWSS asks Razon-led venture to withdraw case

METROPOLITAN WATERWORKS and Sewerage System (MWSS) has asked the joint venture led by port and casino magnate Enrique K. Razon, Jr. to withdraw a case against the state agency and release water to a concessionaire if he wants the dam-and-power project to proceed.
The Wawa River-New Montalban Dam project involves the construction of an 82-meter dam to help mitigate flooding in the area, aside from its 500 MLD (million liters per day) capacity to augment water supply for the east zone concession area, MWSS said in a statement scheduled for release on Wednesday.
MWSS Administrator Reynaldo V. Velasco said the joint venture between Mr. Razon and businessman Oscar I. Violago had proposed to undertake the project. He previously said the water source would release 80 MLD to Manila Water Co., Inc., the concessionaire for Metro Manila’s east zone.
Mr. Velasco said a pending case on water rights had previously been filed against MWSS by Mr. Violago, who used to own the franchise for the project, thus hampering the dam’s development. He said Mr. Razon had since acquired an 82% stake in the project, leaving the former owner with 18%.
“So I told Mr. Razon, i-settle natin ‘to kasi kung hindi n’yo i-release ‘yung 80 MLD na kailangan ng Manila Water at hindi n’yo i-withdraw ‘yung kaso — no go. (So I told Mr. Razon, let’s settle this because if you don’t release the 80 MLD that Manila Water needs and if you don’t withdraw the case — no go.),” Mr. Velasco said.
The need to find a new water source for Manila Water comes as the company fully used up and even exceeded its 1,600 MLD allocation from Angat dam. Company officials had said that demand in the east zone runs as high as 1,630 to 1,640 MLD. It fills up the deficiency by getting water from La Mesa dam, which was not designed for that purpose. It projects demand within its concession to grow by 40 to 50 MLD yearly.
“A joint venture company owned by [Messrs. Vialago and Razon] has submitted to MWSS a Letter of Intent to undertake the project through a public-private partnership scheme,” the agency’s statement said.
The Wawa River-New Montalban Dam project is among the medium-term sources being eyed by MWSS, which is tasked to source water for Metro Manila’s east and west zone water concessionaires.
“So the basis of your study, submission of ancillary proposal, will hinge on your withdrawal of the case against us,” Mr. Velasco said.
He said although there was no formal response yet from Mr. Razon, there was already an “understanding” on the settling of the issue.
“But I’m just waiting, siguro (maybe) after the New Year,” he said.
Mr. Velasco said the public-private partnership calls for MWSS to acquire a stake in the project.
Asked about the size of the stake MWSS would take, he said the final number would depend on the outcome of a feasibility study, which is set for completion by February or March next year.
He said the dam project has a power component, and that the Razon group had presented it to the MWSS board. He said the businessman would not be involved in the project if it did not have a hydroelectric power component.
Ang gusto n’ya power (He wants the power component),” Mr. Velasco said.
Aside from the Wawa dam project, the other medium-term water projects identified by the MWSS are the Kaliwa dam with a 600 MLD capacity; Laguna Lake with 500 MLD; Sumag River with 188 MLD; and Tayabasan River with 175 MLD. — Victor V. Saulon

Trump asks 7-year-old boy if he’s ‘still a believer’ in Santa

WASHINGTON, DC — President Donald Trump asked a seven-year-old boy if he still believed in Santa Claus while taking calls from children on Christmas Eve.
“Are you still a believer in Santa? ’Cause at seven it’s marginal, right?” Mr. Trump said while he and First Lady Melania Trump answered telephone calls from children following the Santa tracker operated by the North American Aerospace Defense Command, or NORAD.
“Happy Christmas. You just take care of yourself and say hello to your family, OK? Say hello to everybody. OK, thank you,” Mr. Trump said in an exchange in which only his side could be heard by reporters.
The event took place on Monday night at the White House, where Mr. Trump is staying for the holiday after scrapping plans to travel to his Mar-a-Lago resort in Florida because of a partial government shutdown.
Mr. Trump told reporters after talking to the children that there was “nothing new to report” on the federal funding lapse triggered on Saturday after he and congressional Democratic leaders failed to reach agreement over money Mr. Trump wants for a US-Mexico border wall.
On Monday, the third day of the shutdown, there was a US market rout, with the S&P 500 plunging almost 3% to end at a 20-month low. It was the worst final session before the Christmas holiday on record, according to data compiled by Bloomberg.
Mr. Trump and the first lady later headed to Washington National Cathedral to attend a Christmas Eve service.
Every year on Christmas Eve, hundreds of volunteers staff telephones and computers “to keep curious children and their families informed about Santa’s whereabouts and if it’s time to get to bed,” according to NORAD, a US-Canadian agency that keeps watch over North American airspace for possible attacks.
NORAD’s tracking site stems from a Dec. 24, 1955, call made to the organization’s predecessor from a child seeking information on Santa’s whereabouts. — Bloomberg

Security Bank sees growth in lending as rates stabilize

By Karl Angelo N. Vidal, Reporter
SECURITY BANK Corp. expects its lending business to continue growing as the central bank is seen to take a pause in its interest rate hike cycle amid normalizing inflation.
“We expect loan growth to continue while nonperforming loan (NPL) ratios will remain healthy,” Security Bank Retail Banking Segment Head Ma. Cristina A. Tingson said in an e-mail interview.
She added that the lender does not expect the Bangko Sentral ng Pilipinas (BSP) to increase its benchmark rates further as headline inflation is seen to decelerate.
Earlier this month, the central bank kept its interest rates unchanged at a nine-year high range of 4.25-5.25%, marking the end of five straight tightening moves this year.
The BSP said the recent headline inflation readings “indicate signs of receding price pressures as constraints on food supply continue to ease,” adding that price increases will return to below four percent, within the 2-4% target band of the government.
“The latest market outlook on the inflation in the Philippines is that this will decrease. Most recently, gasoline prices have decreased. Same with the price of rice. So it looks like inflation will normalize, i.e., go back to its normal path,” Ms. Tingson said.
The official added that the market “still has the capacity to absorb increases in interest rates” even as the BSP as well as other central banks have been in a rising benchmark rate cycles.
“[W]e still see robust growth in consumer loans while delinquency levels remain manageable.”
Security Bank’s third-quarter net profit climbed 5% to P2.25 billion from a year ago on the back of a surge in consumer loans and deposits.
During the said period, consumer loans grew 48% year on year and accounted for 19% of total loans. Security Bank said asset quality remained “healthy” even as its NPL ratio climbed a tad to 0.7% as of end-September from 0.6% in the previous quarter.
The lender said it is growing its retail lending to be its third business pillar, complementing its strengths in the wholesale banking and financial markets businesses.
To support this growth, Ms. Tingson said Security Bank will continue to “enhance the banking experience” for its customers across all channels.
Security Bank shares closed at P154.50 apiece on Friday, slipping P2.50 or 1.59% from its previous finish.

Online budget hotel marketplace expanding in PHL

By Vincent Mariel P. Galang
UNBRANDED HOTELS can now be as competitive as big-name hotels thanks to RedDoorz, an online budget hotel marketplace.
RedDoorz works with budget accommodation owners in Southeast Asia to standardize their offerings, whether its hotels, resorts, inns or guesthouses.
In an interview on Dec. 7, Rishabh Singhi, RedDoorz chief operating officer, said these budget accommodation owners usually don’t have the resources to maintain their properties or have a budget for marketing.
“We help these kinds of hotels who are in dire need of customers and marketing… They do not want the hassle of selling by themselves. We come in handy there,” he said.
Called by some as the “Uber for hotel rooms,” RedDoorz’s name was inspired by the most common color in the flags of Southeast Asian countries, plus the company’s goal to be always open, thus the door.
RedDoorz partners with the property owners to market their hotels, inns, resorts or other types of accommodations on the platform. RedDoorz also provides the property staff with technology and basic customer service training to ensure a standard quality of service is maintained throughout the different properties.
RedDoorz also handles customer feedback, pricing, and sales for the property owners, allowing them to focus on the business.
“The kind of technology that we have that we provide our partners have them to save a lot of time on daily chores and gives an opportunity to invest that time to more important stuff, which is… the real hospitality stuff,”Mr. Singhi said.
“We’re trying to solve the problem of this unnamed, unbranded, small, mom and pop hotel, and there are lots of them. We are solving the problem for them, trying to give them the brand, technology and training. To be more open to the new age millennial customer and to have the kind of services that the customers are expecting,” he added.
Through RedDoorz, Mr. Singhi noted their partner-property owners have seen income increase by three times in just three months.
“By joining RedDoorz, a partner typically triples their income… Because of the brand, because of the marketing that we do for them, because of the trainings that we give them… it completely transforms their business,” Mr. Singhi said.
Aside from the business travelers, RedDoorz wants to attract tech-savvy millennials.
“The millennial population right now in the Philippines is very tech-savvy. They understand technology. They carry mobile phones. They use the internet… Second thing is that the income levels of this millennial age group and the population of the millennials… it’s the highest populated segment in Southeast Asia, and the income levels are not that great. So, we are trying to bring in a new accommodation option for them,” Mr. Singhi said.
Operating in the Philippines for only eight months now, RedDoorz has already partnered with 100 hotels, surpassing its full-year target of 50. There are now 2,500 rooms in Metro Manila, Davao, Tagaytay, and Cebu available on the platform.
“Philippines is currently the second biggest market after Indonesia… We are very committed and very bullish about the Filipino market… We want to double our business by May of next year… Go deeper into the cities that we are operating in currently. Also, maybe open a couple of more cities,” Mr. Singhi said.
Established in 2015, RedDoorz began in Indonesia, where it is now present in 26 cities with 11,000 rooms. It is also present in Singapore and Vietnam.

Actor Kevin Spacey charged with indecent assault in Massachusetts

OSCAR-WINNING actor Kevin Spacey has been charged in connection with an allegation that he sexually abused an 18-year-old boy at a Nantucket, Massachusetts, bar more than two years ago, the local district attorney said on Monday.
Mr. Spacey is scheduled to be arraigned at Nantucket District Court on Jan. 7 on a single charge of indecent assault and battery on a person who is at least 14 years old, according to court documents and a statement issued by Cape and Islands District Attorney Michael O’Keefe.
An attorney for Mr. Spacey did not immediately reply to a request for comment. The actor, however, released a video on YouTube on Monday in which he adopts the persona of his character Frank Underwood in the popular Netflix TV series House of Cards and says, “I know what you want, you want me back… You wouldn’t rush to judgments without facts, would you?”
The three-minute video makes no specific reference to the Massachusetts allegation.
The charge against Mr. Spacey, 59, whose full name is Kevin Spacey Fowler, was filed after a Dec. 20 hearing, Mr. O’Keefe said. The name on the complaint was Kevin S. Fowler.
The charge against Spacey follows an allegation in November 2017 by Boston TV journalist Heather Unruh that her 18-year-old son was sexually assaulted by the actor at the Club Car restaurant and bar in Nantucket on July 7, 2016.
At a news conference in which she made the allegations, Ms. Unruh said her “star struck” son falsely told the actor he was old enough to drink when he met him at the bar. The legal age to drink alcoholic beverages in Massachusetts is 21.
‘DRINK AFTER DRINK’
“Kevin Spacey bought him drink after drink after drink, and when my son was drunk, Mr. Spacey made his move and sexually assaulted him,” Ms. Unruh said at the 2017 news conference.
The actor allegedly stuck his hands into her son’s pants and grabbed his genitals, she said, adding it was “completely unexpected” and her son tried unsuccessfully to shift his body away from Mr. Spacey.
“He did not report the crime at the time, and that was largely because of embarrassment and fear,” she said.
Ms. Unruh said her son filed a report with police in Nantucket, a resort island off the southern coast of Massachusetts, shortly before her news conference.
More than 30 men have said they were victims of unwanted sexual advances by Mr. Spacey, who became embroiled in controversy last year when actor Anthony Rapp accused him of trying to seduce him in 1986 when Mr. Rapp was 14. In October 2017, Mr. Spacey apologized for any inappropriate conduct with Mr. Rapp but has not commented since.
The fallout resulted in Mr. Spacey, who won a best actor Oscar in 2000 for American Beauty, being dropped from the final season of House of Cards and erased from the 2017 movie All the Money in the World.
Mr. Spacey is one of dozens of men in the entertainment industry and politics who have been accused of sexual misconduct, partly as a result of the #MeToo social media movement that began over a year ago. — Reuters

Robinsons Bank expects 32% rise in assets

ROBINSONS BANK Corp. is expecting its assets to grow by almost a third in 2019, propelled by its lending activities.
Robinsons Bank President and Chief Executive Officer Elfren Antonio S. Sarte said in a text message that the Gokongwei-led lender is targeting a 32% asset growth next year.
“Growth is expected to be from lending activities as we see the demand for both commercial and consumer loans to remain strong in 2019,” Mr. Sarte told BusinessWorld on Friday.
Mr. Sarte added that demand for loans in both the corporate and retail segments will continue to be robust on the back of strong economic growth, with gross domestic product growth expected to be at a 6% level and inflation seen to decelerate.
“Economic growth will remain strong…as interest rate hikes, if any, will not mirror the increase we experienced this year,” Mr. Sarte added.
The Bangko Sentral ng Pilipinas earlier this month opted to keep benchmark interest rates unchanged at a range of 4.25-5.25% as inflation is now expected to trek a “lower path”over the next two years.
The central bank added that inflation is seen to return to the government’s 2-4% target band by the end of the first quarter next year.
Aside from the bank’s lending activities, Mr. Sarte also noted that its credit card business will also contribute to its growth next year.
Robinsons Bank is also targeting to put up 16 new branches next year, bringing its network to 162, along with 322 automated teller machines.
The Gokongwei-led bank booked a P292.4-million net income in the nine months ended September, 32% higher than the P222.2 million recorded in the same period last year.
Robinsons Bank is licensed as a commercial lender and is the 19th biggest in the industry in asset terms as of June. — Karl Angelo N. Vidal

PHL chocolate maker sets sights on overseas market


By Reicelene Joy N. Ignacio
AFTER OPENING a store in Tokyo this year, Auro Chocolate is hoping to further expand the international distribution of its Philippine chocolate products, which use cacao grown in Davao.
“We want to strengthen our distribution in other countries so that more people are able to enjoy and appreciate fine Philippine chocolate,” Mark M. Ocampo, managing director of Auro Chocolate, said in an e-mail interview with BusinessWorld.
Auro has been making inroads in the overseas market, exporting its products to Spain, Australia, Singapore and United States, and opening a store in the Shibuya district of Tokyo in October.
“We feel proud that our partners in Japan saw the potential to share our unique products and advocacy there,” Kelly S. Go, Auro Chocolate managing director, said in a mobile text message.
“The Japanese love fine chocolate and have also become increasingly aware of the bean-to-bar movement, which places a lot of emphasis on transparency in sourcing. We are different from many of the bean-to-bar companies that are famous there because we not only source the cacao locally, but also produce it in the Philippines, thus enabling us to make a greater impact in our community,” she added.
As a bean-to-bar chocolate company, Auro has full control of the production process from sourcing the cocoa beans to making the chocolate bar. The company helps farmers by providing them with cacao seeds and other forms of support, then later buy their beans at a premium.
“We support almost 3,000 farmers in Davao, representing a few thousand hectares of land by giving them the opportunity for value-adding and paying them significantly higher. We also offer them basic business admin training, creation of organic farming inputs as well as improving on their own cacao and chocolate products so that they are able to treat their farms as a business and continuously generate revenue through out the year without having to rely solely on the harvest season,” Mr. Ocampo said.
Mr. Ocampo said they were inspired to go into the chocolate business, after finding out that an American company used Philippine cacao beans in its chocolates.
“We saw that there was an American company using Philippine cacao beans for chocolate in the US in 2010, so we wondered why as Filipinos, we aren’t making quality chocolate despite having a rich cultural heritage of drinking chocolate (tablea), not to mention being the first country in Asia to grow cacao as well,” he said.
The brand name Auro is combination of Au, the chemical symbol for gold, and oro, the Spanish word for gold.
“We want to bring greater awareness to our national treasures, which are our unique cacao and passionate farmers, that we have taken for granted,” Ms. Go added.
Launched in May 2015, Auro started supplying chocolate products to hotels such as Shangri-la Boracay and Mactan, The Peninsula Manila, and Conrad Manila within its first year. Its chocolate bars are also sold in Coffee Bean and Tea Leaf stores, Echo Store, Gourdo’s and SM’s Kultura.
“Given that we only launched our products within the year, we’re now supplying to many of the luxury hotel chains like Shangri-la, Peninsula, Conrad, etc. We are also being served on-board Philippine Airlines’ international flights for both business and economy. We’ve also won multiple international awards… We’re very humbled and excited for what the next year has in store,” Mr. Ocampo said.
Auro received two bronze awards at the 2018 Academy of Chocolate Awards in London — the Auro Chocolate 70% Dark Chocolate Saloy Reserve under the Tree to Bar Category and Auro Chocolate 32% Roasted White Chocolate Cashew under the Flavored White Chocolate Bar Category.
While the cacao is sourced from Davao farmers, there are plans to get supply from other areas in the country.
“We’re hoping to start sourcing from different areas around the Philippines in the future so that we can support more farming communities around the country,” Mr. Ocampo said.
The Auro official sees bright prospects for the cacao industry in the Philippines.
“We see the cacao industry in the Philippines growing significantly in the next five years as the demand for cacao is an ever-growing concern in the local and international markets,” Mr. Ocampo said.

Yields on gov’t debt flat

By Jochebed B. Gonzales, Senior Researcher
YIELDS ON government securities (GS) ended flat last week amid window-dressing activities as market players gear towards the yearend.
On average, GS yields — which move opposite to prices — inched up by 4.82 basis points (bps) week on week, according to the PHP Bloomberg Valuation Service (BVAL) Reference Rates as of Dec. 21 published on the Philippine Dealing System’s website.
“The PHP BVAL yield curve continued to be flatter [last] week,” Michael L. Ricafort, economist at Rizal Commercial Banking Corp. (RCBC), told BusinessWorld in an e-mail.
“Short-term PHP BVAL yields continued to go up as the accounting yearend draws closer amid some window-dressing activities (with some premium for crossing-the-year funds)… However, long-end PHP BVAL yields continued to decline for the 9th straight week,” he added.
A bond trader said by phone that trading last week started “strong” but eventually finished flat week on week.
“Earlier in the week, there was buying interest ahead of the FOMC (Federal Open Market Committee) meeting. There were players betting on a more dovish Fed (Federal Reserve) so yields went down by 10 bps,” the trader said.
“[On Thursday and Friday], players were already liquidating their positions which resulted to flat yields compared to the previous week.”
Contrary to market expectations, the Fed tightened its policy rate by 25 bps to 2.25-2.5%. That was the fourth time the US federal funds rate was hiked this year, up by a total of 100 bps from 1.25-1.5% last January.
At the secondary market on Friday, the 182-day paper led gains, increasing 17.6 bps to close at 6.536%. It was followed by the yield on the 91-day Treasury bill which rose 15.9 bps to 5.81%.
Also picking up were yields on the 364-day, two-, three-, four-, five-, seven- and 10-year papers, gaining 7.4 bps, 6.1 bps, 6.4 bps, 4.3 bps, 1.8 bps, 0.5 bp and 3.4 bps, respectively, to fetch 6.777%, 6.837%, 6.94%, 6.995%, 7.029%, 7.063% and 7.059%.
Meanwhile, the 20- and 25-year bonds saw their yields decline by 4.6 bps and 5.8 bps, respectively, to end with 7.448% and 7.475%.
Moving forward, the shortened workweek due to the holiday season “could lead to some reduction in trading activities” this week and next week, according to RCBC’s Mr. Ricafort.
“[E]asing inflation due to latest peso appreciation and decline in global oil prices could help in sustaining most long-term PHP BVAL yields at the lowest levels in about 2.5-3 months,” he said.
Mr. Ricafort also noted that to date, yields at the long end are already down by around 1.2 percentage points from near decade-highs posted two months ago. At the same time, a softer inflation print could also “help in limiting/tempering any upside for shorter-term tenors,” he said.
Meanwhile, the bond trader expects yields to move “sideways with a strong upward bias due to the holidays and liquidating positions for the banks.”

Breathe like a yogi Basic Pranayama workshop offered

BREATHING is the most powerful healing tool each of us has. And yet most of us forget to breathe, or at least neglect to do so as deeply as we should. To rectify this, there will be a two-hour workshop on Basic Pranayama (breath control) offered on Jan. 12 at Rebel Yoga Manila.
In this workshop, participants will learn how to use the breath and get acquainted with the basic techniques to effect and manage different energy states of health, consciousness and emotion.
Long deep breathing or yogic breath, for instance, is a technique that relaxes and calms and also brings the brain to a new level of alertness, greater energy, and regulates the body’s acid-alkaline balance which affects the ability to handle stressful situations.
This workshop is for both yogis and non-yogis who want to develop the capacity to become steady, calm, and focused in any situation.
Participants should wear light, comfortable clothes, bring a yoga mat, an eye covering, and a light shawl.
An early bird rate of P800 is offered until Jan. 5 while the regular rate is P950. The walk-in rate is P1,000.
The workshop will be held on Jan. 12 from 10 a.m. to noon at Rebel Yoga Manila, 6th floor Jose Cojuangco Bldg., 119 dela Rosa St. corner Castro St., Legazpi Village, Makati. For inquiries, send a text to 0918-888-9198.

How PSEi member stocks performed — December 21, 2018

Here’s a quick glance at how PSEi stocks fared on Friday, December 21, 2018.

 
Philippine Stock Exchange’s most active stocks by value turnover — December 14-21, 2018