Home Blog Page 10154

Islands of memory and imagining

By Tina Cuyugan
Book Review
Playing with Water: Passion and Solitude On a Philippine Island
Written by James Hamilton-Paterson
Ateneo de Manila University Press

The author of this review also wrote the introduction to the 30th anniversary reprint of Playing With Water: Passion and Solitude On a Philippine Island (ADMU Press, 2018).
IN THE bleak winter of 1989, as a graduate student living in a windswept campus on the edge of the Scottish highlands, I found in a tiny bookstore a copy of James Hamilton-Paterson’s Playing With Water, which at that time had the subtitle Alone On a Philippine Island. Just another one of those vacation travel books, I thought. But at least it’s about home. I started reading it that evening, and finished the book in the gray light of dawn, close to tears — and grateful at having been gifted with such a wonderful and unsettling read.
For one thing, it’s a gorgeous exploration of life on the edge, physically and metaphorically: At first in a tiny coastal village in a province far from Manila; and later on a nearby island where Hamilton-Paterson was the sole inhabitant, and whose teeming reefs he often explored alone at night, through a home-made antipara (spectacles).
“To take a torch down among the reefs at night is to experience still other things which suggest an ancient broodingness, a fragmented hegemony from whose visible signs you cannot construct a whole,” he writes. “Even if that were not so you would be chilled by the sound filling your ears. It is that of a million creatures being fiercely alive.”
In the dark, one easily loses one’s bearings, and unexpected currents can very easily pull one down into the fathomless depths of the sea, and of memory. A walk in the rain forest, surrounded by the cries of tree frogs and tuko (gekos), jolts Hamilton-Paterson into recalling his schooldays in post-WWII England, and his troubled relationship with his father, just as the blast of a dynamite fishing bomb sets off a chain of memories involving a Mozart sonata for four hands and the end of Empire.
It’s not all reverie, though; with his friends Arman and Intoy, he goes spearfishing — as an itinerant journalist on hiatus Hamilton-Paterson lives almost entirely off his catch — and revels in the doing of things, described in exacting detail: making bahay kubo (a bamboo house), drying fish, repairing spearguns, and assembling labintador (firecrackers).
And hunting: “I turn and am confronted with the large silver platter of a mabilog, a round fish of the pompano family which tries too late to shy away from the light. It has already turned when my spear takes it from behind through one open gill and going clean out through its mouth. It is too big to thread alive onto the catch-line, its struggles would be a great hindrance, so I kill it by putting a finger and thumb up under its gill-covers and pinching its heart shut. This is a good quick method but it is unfortunately only practicable for certain species.”
He also writes tenderly and achingly of the people of Kansulay. “We all know who died, who lost a boat, whose children never went to school. We all know the slow attrition caused by endless petty economies: the wounds left unplastered, the jeep fares saved by two hours’ hike to town, the nights made interminable by keeping lamp oil for an emergency.”
Occasionally, Hamilton-Paterson ventures out into the wider world. And it turns out that the book, written three decades ago, is not just an island meditation but a hyper-real snapshot as well of the last days of the Marcos regime, its troubled aftermath, and the seedy-bizarre world of the national capital.
Those of us who lived in Manila through the 1980s would likely agree with him that a plunge into the polluted Pasig river then — a scant distance from Malacañang — “would surely be to die instantly.” These days, the Pasig recovery project has been winning international recognition, but the political and economic fallout from those dark times still casts a shadow; and it would be interesting to hear from Hamilton-Paterson today how things have changed — and how in other respects they’ve remained sadly and disconcertingly the same.
For many years, he divided his time between Italy and the Philippines, producing the fictional Ghosts of Manila (1994) and a biography of the Marcoses, America’s Boy (1998) — as well as a dazzling succession of novels, essays and books on the sea, British aviation and music, among other subjects.
But Playing With Water — by turns lyrical, melancholic, coolly compassionate and sharply observant — is arguably the book by Hamilton-Paterson which deserves most to be read and remembered by Filipinos.
 
The reprint of Playing With Water, which was launched on Nov. 15, is available at the ADMU Press Bookstore, Popular Bookstore, and Solidaridad, and can be ordered online from Ateneo and Shopee.

Topping the charts in China takes more than talent

By Adam Minter, Bloomberg Opinion
AMERICAN pop star Ariana Grande had every reason to expect that her new single, “Thank U, Next,” would race to the top of the US charts when it was released earlier this month. When she checked iTunes after its release, though, she met with a surprise. Kris Wu, a superstar in China, not only had the No. 1 spot on the iTunes’ singles chart but also seven of the top 10 songs. It was an extraordinary achievement for an artist with almost no North American profile, and Grande and her camp weren’t buying it. Rumors started flying on social media that “bots” were behind Wu’s chart dominance.
Skeptics were right about one thing: There was an organized effort to boost Wu’s sales. But it was organized by Chinese fans who spent their own money to push him up the US charts, not music promoters or programmers.
The campaign wasn’t unusual, either. For years, Chinese fans have gone beyond simply buying the music of their favorite stars and engaged in organized mass efforts to boost their chart positions and brand equity, and to influence their artistic decisions. Fans of the Chinese boy band TFboys have, among other activities, bought up an entire run (120,000 copies) of Harper’s Bazaar featuring a member on the cover, purchased billboards in Times Square to wish happy birthday to another member, and prepared custom textbooks for yet another member when he was prepping for China’s college entrance exam.
The success of this multibillion-dollar “fan economy” has been so profound that Chinese brands are now actively trying to profit from it. Western companies looking to break into the mainland market would be wise to pay heed.
The origins of China’s fan economy — roughly defined as the value and revenue generated by the interactions between fans and stars — predates social media. In 2005, a scrappy provincial television station launched the Mongolian Cow Sour Yogurt Super Girl Contest, an American Idol knock-off. Viewers voted for their favorites via text messages (for which they paid) and, during the final episodes, formed fan clubs which campaigned for particular favorites. In Shanghai, the clubs canvassed shopping malls, subway stations, public parks, and other public spaces in search of votes for performers.
What drove this intensity remains obscure. For many young Chinese, celebrity-worship represents a rare opportunity to express support for lifestyles and backgrounds that are typically marginalized in China. It’s perhaps no accident that many of the most prominent Super Girl winners came from provincial backgrounds and were strikingly androgynous.
By the time Super Girl was suspended in 2011, celebrity-worship had moved online, propelled by social media and widespread smartphone ownership. The culture took on particular shape in China, in contrast to the West. First, fans organized into clubs (the biggest celebrities enjoy the support of hundreds and even thousands of clubs), some of which are encouraged by celebrities and their managers. And second, stars and their handlers worked hard to make the fans feel that they had a role in shaping an artist’s career, thereby strengthening fan loyalty and engagement.
This fan influence can take several forms, from real-time back-and-forth in online forums, to launching go-fund-me style campaigns to promote their favorite star’s latest project, to buying multiple copies of a new release. For many celebrities, turning fan-club members into subscribers is a natural and common process, especially for celebrity authors. One recent estimate predicts the value of such fan-economy interactions could exceed $15 billion by 2020.
Of course, the phenomenon isn’t entirely innocent. Agencies exist to create fan bases and ensure that they’re boosting a celebrity’s image. According to one recent report in Chinese media, “professional fans” who gin up enthusiasm, police online discussions and organize other fans can make more than $4,000 per month in salaries and subsidies. According to that report, only 30% of celebrity-fan interactions on Weibo, China’s popular Twitter-like social media site, comes from actual fans.
Professional or not, the strategies behind China’s fan economy are expanding beyond boy bands to traditional retail and consumer brands. Xiaomi Corp., the eight-year-old upstart Chinese smartphone and consumer electronics maker, grew into one of China’s most prominent brands by using fan-economy methods to cultivate a rabid and loyal fanbase. It has fan clubs, it incorporates fan suggestions into its development pathway, and fans respond by spending their own cash to boost Xiaomi (traveling to launch events; designing Xiaomi-related creative products).
Meanwhile, Chinese celebrities are increasingly using social media to sell products to their followers. The most notable example is Little Red Book, a so-called social-commerce app focused on fashion and beauty, where Angelababy, a Chinese actress and Dior brand ambassador, recommends products to her more than 14.4 million followers.
Foreign celebrities and brands will struggle to compete with that kind of grassroots support. Kim Kardashian West, who joined Little Red Book in October, has a mere 105,000 followers interested in her English-language posts and US-centric career. Ariana Grande isn’t on the site at all. Meanwhile, outside of Apple, no US-based brand has the kind of grassroots cult following in China that Xiaomi enjoys. Over time, perhaps they can overcome the cultural and linguistic barriers that prevent them from developing those kinds of followings in China. Until they do, foreign brands may find Chinese celebrity to be the latest frustrating trade barrier they need to overcome.

Taeyeon concert in PHL

K-POP artist Taeyeon is gearing up for another solo concert tour and the Philippines is one of the stops. ‘S…Taeyeon Concert in Manila will be held on Dec. 14, 8 p.m., at the New Frontier Theater, in Cubao, Quezon City. Known for her sultry vocals, Taeyeon has done well in the music industry since her debut in 2007 as the leader of the girl group, Girls’ Generation. The group became popular across Asia with its hits like “Gee” and “Genie,” and the group won music awards including Mnet Asian Music Awards, Golden Disc Awards, and the YouTube Music Award. Taeyeon ventured on her solo career in 2015, starting with recording songs for various South Korean TV dramas and movies. Soon after, she was able to release her first mini album entitled I, which peaked at No. 2 on the Gaon Album chart and sold over a million digital copies worldwide. Her second mini album, Why hit the No. 1 spot in two Gaon Digital Charts. She released her debut studio album My Voice last year with the single “Fine.” Concert tickets will go on sale on Nov. 17 with prices ranging from P5,000 to P12,500. Ticketing charges apply. For details visit www.pulpliveworld.com.

What to see this week

5 films to see on the week of November 16 — November 23, 2018
Fantastic Beasts: The Crimes of Grindelwald

Fantastic Beasts: The Crimes of Grindelwald

IN THIS sequel, the dark wizard Gellert Grindelwald escapes from custody and starts gathering followers as he plans to raise pure-blood wizards to rule over non-magical beings. To stop Grindelwald’s plans, Dumbledore enlists his former student Newt Scamander to help him. Directed by David Yates, the movie stars Eddie Redmayne, Johnny Depp, Jude Law, Ezra Miller, Zoe Kravitz, and Katherine Waterston. Empire’s Ian Freer writes, “The second chapter in J.K. Rowling’s five-part story, it’s a film stuffed with characters, big moments and impressive spectacle but still feels bizarrely underpowered. There are twists and revelations, but very few that alter the outcome of the film you are actually watching.” Rotten Tomatoes gives it a 57% rating.
MTRCB Rating: PG
Coldplay: A Head Full of Dreams

Coldplay: A Head Full of Dreams

FROM performing in pubs to sold out concerts in stadiums, the members of Coldplay — Chris Martin, Jonny Buckland, Guy Berryman, and Will Champion — share their story of success in their own words in this documentary, which was filmed during the A Head Full of Dreams Tour, the third best-selling concert tour of all time. Directed by Mat Whitecross. “It’s in the recording studio and on stage where these four rather ordinary blokes function as an extraordinary whole. And it’s also where Whitecross’s film really reaches out to the fans,” writes Jamie Healy of Radio Times.
MTRCB Rating: PG
Don’t Leave Home

Don’t Leave Home

A SCULPTOR who has just had an exhibit on Irish urban legends is approached by a priest for a special art commission. She accepts eagerly, not considering the possibility that the urban legends that are her subject might be true. Directed by Michael Tully, the movie stars Anna Margaret Hollyman, Lalor Roddy, and Helena Bereen. Hollywood Reporter’s David Rooney writes, “While this twisty tale of an ‘evil miracle’ connected to a self-exiled former priest ultimately withholds too much to resolve all of its enigmas, the atmospheric mood and persuasive performances keep you watching.”
MTRCB Rating: PG
Kung Paano Siya Nawala

Kung Paano Siya Nawala

LIO suffers from faceblindness which makes it difficult for him to reconnect with people. Still, he meets and falls in love with Shana and they go through the highs and lows of a romantic relationship. Directed by Joel Ruiz, the movie stars Rhian Ramos and JM de Guzman.
MTRCB Rating: PG
Through Night and Day

Through Night and Day

BEFORE Ben and Jen get married, they travel to Iceland — but the trip they hoped would help to strengthen their relationship turns out to slowly tear them apart. Directed by Veronica Velasco, the movie stars Alessandra de Rossi and Paolo Contis.
MTRCB Rating: PG

HR must not handle employee discipline

Our Human Resource department is saddled with many employee disciplinary issues that include issuing warning notices to personally handing out dismissal letters. This consumes 70% of HR’s time, leaving it too emotionally stressed out to do other things for more than 1,500 workers. Is it the right approach? Is there a better way? — Yellow Submarine.
A beautiful lion tamer’s circus act involved having a lion come to her meekly, putting his paws around her and cuddling her affectionately. The crowd thundered its approval, except for one member of the audience who declared: “What’s so great about that? Anybody can do that.”
The ringmaster challenged him: “Would you like to try it?” The audience member replied: “Of course. But first, get that lion out there.”
An HR job can be just as spine-chilling as that of a lion tamer when it comes to employee discipline. It’s not something that any HR manager looks forward to. You have to get the lion out of the circus, if not leave its handling to professionals.
Undoubtedly, employee discipline is part and parcel of HR’s “staff” function. Repeat – “staff” function, if you know what I mean.
In Management 101, there’s such a thing as line and staff functions. It means that certain functions must be distributed and performed by various management personnel. A line function requires all supervisors and managers to carry out primary job activities of personally supervising their workers, motivating them to do a good job, and counseling them to correct their mistakes, among others.
This must not be done by HR which is limited to performing management staff functions including consultancy or giving expert advice to line executives who need them. HR knows the way on certain aspects of what’s best for the organization, which includes the sourcing of job candidates for evaluation, maintaining rules and regulations, administering pay and perks and ensuring the best conduct of all employees, among other things.
HR is not required to perform the job of instilling discipline, nor should it be allowed to conduct performance appraisals of the workers. On discipline, HR is not tasked to personally and physically issue written warnings, or suspension or dismissal orders. That job is reserved for line supervisors and managers. Otherwise, it would be disastrous for HR to oversee as many as 1,500 workers.
As a staff function, HR can provide the guidance so all line executives are trained properly and consistently on what to do with the format, substance, and content of conducting employee discipline. At times, HR may be brought in to witness disciplinary proceedings to ensure consistent and uniform application of the rules. To do just that, the following strategic approaches are reserved for HR:
One, HR must formulate, amend, and uphold the workers’ code of conduct. Incidentally, note that I’m using the term “code of conduct” and not “code of discipline” which carries a negative tone. This also means ensuring that the disciplinary policy is clearly understood by all employees, in a positive manner, written in accordance with law, and declared reasonable within industry standards.
The policy may be translated to Taglish (Tagalog-English) or the local dialect, depending on the educational attainment of the majority. If necessary, it may be reviewed by lawyers to ensure that the interests of the organization are preserved. The code of conduct may be amended from time to time to comply with the dictates of the community or industry where it is situated.
For instance, the applicable penalties must be rationalized with the current practices of other companies within the same industry so that they become acceptable to all stakeholders.
Two, HR must observe the procedural and substantive aspects of due process. This includes teaching and guiding line executives on the formalities required in administering employee discipline. To make the job of line executives easy, HR must provide a wide array of template forms and tools necessary in issuing written warnings, suspension and termination notices.
Aside from this, HR must ensure that all disciplinary procedures are done in private. In addition, if the employee has admitted fault or cannot provide a legal defense of his or her actions, HR may also encourage the implementation of alternative solutions like positive discipline, which rather than suspending workers without pay, allow them to have the same number of days with pay to think things over.
Positive discipline also includes a peer review to make the team responsible for its members and the results of its performance. However, this policy must be established in the code of conduct before the company can even consider it.
Last, HR must establish a management committee to handle dismissal cases. Depending on the personal circumstances of an employee who is being charged with violating company rules, HR should be the one to suggest that difficult cases be handled by a committee composed of all department managers. This is advisable for many reasons, including the removal of heat against HR personnel, who may often receive undue criticism or even death threats when they handle too many cases against aggrieved parties.
To avoid any suspicion that the committee is designed to pin down or allow certain personalities to go scot free, it must be incorporated in the code of conduct or other systems, including the handling of promotions and evaluating other employee movements. In the committee, HR must act as the facilitator, expert, witness and documentation secretary.
In summary, the rule is that those who have the ultimate approval in hiring should have the same ultimate approval in transferring, promoting, demoting, or firing workers. This alone is a good reason why HR should not personally handle the hiring and firing process.
ELBONOMICS: Self-discipline is all that separates good and bad people.
 
Send feedback or workplace issues to elbonomics@gmail.com or via https://reyelbo.consulting.
Guaranteed anonymity is given to those who seek it.

8990 establishes hospitality unit

8990 Holdings, Inc. is making its foray into the hospitality industry, saying it plans to spend over P5 billion to develop 3,000 hotel rooms in key tourist destinations.
In a disclosure, the listed property developer said its subsidiary 8990 Leisure and Resorts is looking at developing hotels in Cebu, Makati, Davao, Palawan, Boracay, Siquijor, Alabang, Manila, Iloilo, Legazpi, Clark, Lapu-lapu, Siargao, and Baguio in the next five years.
8990 Leisure and Resorts will introduce three hotel brands catering to different tourist segments. These are the Adama, a five-star luxury family resort; Kura, a luxury hotel; and Argo, an urban hotel.
“The Philippine leisure and hospitality industry is on an upswing with the current administration focusing on tourism development. The launch of 8990 Leisure and Resorts definitely comes at a perfect time,” said Willie J. Uy, president and chief executive officer of 8990 Holdings, in a statement.
For the first nine months of the year, 8990 Holdings saw a 38% increase in net income to P3.41 billion, driven by a 41% rise in revenues. — V.M.P.Galang

Time has not been kind

By Alexander O. Cuaycong and Anthony L. Cuaycong
LONGTIME gamers remember Shenmue fondly for what it tried to achieve. The open-world adventure brawler was revolutionary in its ideas, trying its hardest to blend an engaging narrative, extensive exploration sprinkled with minigames of various types, quick time events, and combat sequences. Released back in 1999 as a Sega Dreamcast exclusive, it met with extremely positive praise, but somehow failed to parlay its critical acclaim into commercial appeal.
Still, Sega AM2 believed in its potential, and sought to push the envelope anew with Shenmue II. The sequel was released on Sega’s console in 2001 and on the Microsoft Xbox a year later, but, the continued support notwithstanding, suffered the same fate as its predecessor. With the Midas touch of director and producer Yu Suzuki — evident in hit after hit across several platforms — tested and found wanting, the series was thereafter seen to be confined to the dustbins of video game history.
Until recently, that is. Despite failed attempts at having spin-offs Shenmue Online and Shenmue City gain traction, Suzuki kept his dream alive. Licensing the title from Sega, he launched in 2015 a Kickstarter campaign for Shenmue III that proved to be massively successful. It took just a third of a day for it to meet its crowdfunding target, and then a little over a month to become what was then the best-backed video game project in the public-benefit company’s history.
Banking on the cult following of the series and projected success of Shenmue III, Sega went about updating Shenmue I and II and releasing their remastered versions late last month. Featuring retouched graphics, better audio quality, and a more player-friendly interface, the ports for the PS4, Xbox One, and personal computer highlight the videogame giant’s moves to bring the franchise to more modern audiences.
Shenmue 2
Shenmue follows the story of teenager Ryo Hazuki, who sees his father slain firsthand by the mysterious martial artist Lan Di. Swearing to find the perpetrator and avenge his father’s death, he embarks on an investigation that has him exploring Yokosuka in search for clues. Shenmue II starts where the first ends, with him in Hong Kong on the trail of his father’s killer and preparing for what he deems to be an inevitable confrontation.
Admittedly, the storyline of Shenmue and Shenmue II isn’t unique; revenge-fueled games featuring the principal protagonist spurred to action by the demise of a loved one are a dime a dozen. That said, there’s something honest in how the series presents itself and its characters; it makes up for the inability of its narrative to break new ground with its own distinct polish. At the time of its release just before the turn of the millennium, never before had a title try as hard as it did to immerse players in its setting.
In this regard, Shenmue I and II are hardly typical examples of an adrenaline-filled title that breezes through its story. They dare to be much more, and actually succeed in their objective. The game play requires a delicate balance between Ryo’s investigation and the passage of time. Non-playable characters who might have valuable information tend to be available only in given places and instances, thus highlighting the importance of time management.
In Shenmue I and II, progression entails figuring out exactly when and where certain people will be, and then coming up with a schedule that works. It sounds — and actually is — tedious, but it‘s likewise refreshing to have to figure out how to best use idle moments. Waiting for an NPC next to an arcade? Play a game of Space Harrier. Have excess money? Collect in-game gachapons and display them on your cabinet. Need to kill time? Train and practice for combat in the parking lot. There are any and all manner of minigames and distractions on hand.
After a while, though, the biggest draw of Shenmue I and II becomes their most difficult hurdle as well. Once the novelty of making idle time productive wears off, the process becomes a source of frustration. There is no skip feature. There can be no accelerating the clock, thus compelling players to wait for the next important plotpoint to occur, for the next QTE to be triggered, or the next helpful NPC to arrive. Granted, there are myriad things to do. On the other hand, most of them don’t feel like they’re crucial to the narrative moving forward. Ryo can gamble, or arm wrestle, or even operate a forklift — but the disconnect remains.
Players do still make choices in Shenmue I and II, to be sure, and the downtime does help flesh out Ryo’s personality. Then again, the gaps between relevant story sections become noticeable over time, and all of them are punctuated not by grinding but by tedium. Parenthetically, it doesn’t help that the “improved controls” their current-generation versions are supposed to parade are still on the clunky side.
In sum, Shenmue I and II boast of an interesting story, but the way it’s told exposes them as products of their time. Countless games have been released since their inception, and while not all possess as much courage in aiming to be different, many are more technically polished, boasting of more content and less downtime in between. They may have been progenitors of the open-world exploration genre, but time has not been kind to them; even at their remastered state, they’re rudimentary at best when compared to new releases.
Nonetheless, gamers would benefit from trying Shenmue I and II out. Given the faithfulness of their high-definition selves to the original, going through them at least once becomes a productive lesson in history. Even absent any luster, they have their charms, and their legacy deserves to live on.
Nobunaga’s Ambition: Taishi
POSTSCRIPT:
Nobunaga’s Ambition: Taishi (PS4) — New to the Nobunaga’s Ambition series is the importance of a certain lord’s “Resolve,” which reflects his personality and mind-set. Comprehending this and crafting strategy accordingly are keys to progressing in the game. Whereas one daimyo may favor army building, another may lean towards intensifying trade relations. Whereas one may want to strengthen diplomatic ties, another may have protectionist predilections. To maximize buff effects and subsequently move forward, players will want to act on the basis of their chosen clan’s strengths and weaknesses.
Admittedly, Nobunaga’s Ambition: Taishi has its flaws. While parts of it have improved compared to Sphere of Influence-Ascension, a handful of design choices do limit it from being as good as it should be. For example, battles feature a morale bar, but the removal of tactics outside of initial planning effectively negates its purpose. Meanwhile, building provinces appear sound in theory, but harder to do in practice. Also absent is combat along territorial waters.
On the whole, Nobunaga’s Ambition: Taishi comes off as a subtle reimagining of the series, sacrificing some depth in favor of greater accessibility. For those new to the franchise, it serves as a good introduction. Longtime followers, however, may be left wanting and wondering why it didn’t just add to Sphere of Influence-Ascension. It’s still one of the best historical simulation games in the market, but, depending on perspective, it’s either a glass on its way to being full or a glass on its way to being empty. (7.5/10)
Crayola Scoot
Crayola Scoot (Nintendo Switch) — The game boasts of impeccable, crisp colors to complement the highly detailed, bright graphics of the arenas, and rightly so. After all, it cannot be “Crayola” without the wonderful hues and shades. And what the game lacks in appealing characters, it more than makes up in fluidity of action. Jumps, spins, and turns all seem effortless and seamless — that is, until one falls over in a faulty move and lands like a broken marionette.
The gameplay of Crayola Scoot proceeds without lags or slowdowns on the Switch, and scene changes shift in unbroken sequences, a definite plus in further highlighting movement and color in the game. Then, too, it benefits from a more than modest soundtrack — upbeat, quirky, and high on the LSS factor. Gamewise, the learning curve gets steeper with the more difficult stages as tricks require several combinations of buttons and Joy-Con stick movements to perform.
It must be said that, at first glance, similarities to other games are evident. Crayola Scoot calls to mind some well-known titles, among them Nintendo’s Splatoon, THQ Nordic’s De Blob, Sega’s Jet Set Radio, and Activision’s Tony Hawk Pro Skater. By combining creativity (coloring, painting) with action (skating, racing, scootering), it gathers inspirations from the elements of these games to create a new take on an otherwise well-represented genre, delivering entertainment for children and adults alike. (7/10)


Video Game Review

Shenmue I and II
PlayStation 4
THE GOOD

• Extremely faithful remasters of the original releases

• Immersive and interesting, with novel concepts scattered throughout

• Wide variety of minigames

THE BAD

• Too much downtime between story segments

• Slow paced and tedious at times

• Clunky controls that show their age

RATING: 7/10

PBB books higher profit

PHILIPPINE Business Bank (PBB) posted a higher net profit in the third quarter as it saw robust growth in its core businesses.
In a disclosure to the local bourse on Thursday, the Yao-led lender said it recorded a P262.09-million net income in the July-September period, soaring by 162.1% from the P99.99 million posted in the same quarter last year.
This brought PBB’s year-to-date net earnings to P610.25 million, up by 38.6% from last year’s P440.31 million.
Rolando R. Avante, PBB President and Chief Executive Officer, said the bank’s profitability continues to strengthen.
“The 38.6% growth in net profit year-on-year underscores the bank’s transformation form a treasury-focused institution to a full service thrift bank,” Mr. Avante was quoted as saying in the regulatory filing.
The bank’s net interest income in the third quarter stood at P928.99 million, up 17.7% from the P789.05 million a year ago.
Profit on loans and other receivables drove the bank’s net interest earnings to reach P1.34 billion in the third quarter, climbing 38.7% from last year’s P966.42 million.
As of end-September, the bank’s loans and receivables stood at P80.3 billion, 23.4% higher versus last year.
PBB’s net interest margin improved slightly, ending the previous quarter at 4.1% from the 4% in the comparative year-ago period.
The bank’s non-performing loans ratio, on the other hand, decreased to 2.14% as of end-September from end-2017’s 2.18%.
On the funding side, total deposits reached P79.6 billion at end-September, 18.8% higher year-on-year, with low-cost funds growing 9.7% to P29.8 billion. Meanwhile, time deposits rose by 24.9% to P49.8 billion.
The thrift lender’s non-interest earning grew 483.2% to P154.9 million from only P26.6 million a year ago, as profit from service charges, fees and commissions expanded 64% to P162.84 million.
Overall, PBB ended the third quarter with total assets of P96.2 billion, up 19.9% year-on-year. Equity stood at P11.1 billion, which increased 10.3% or a billion from a year ago.
“The bank continues to explore operational improvements to help us serve the SME (small and medium enterprises) market better,” Mr. Avante said.
“We also remain opportunistic with respect to potential acquisitions as we seek to expand our presence in SME-rich business centers all over the country. We consider strategic purchases and white-knight opportunities in our deal origination process.”
PBB, the fourth-biggest thrift lender in asset terms as of end-June, has a total of 145 branches throughout major cities in the country as of last month.
Shares in PBB closed unchanged at P11.10 apiece on Thursday. — Karl Angelo N. Vidal

Chief Future Officer: A strong, stable leader amid disruption

SOME say the “CFO” of today now stands for “Chief Future Officer.” And perhaps rightfully so. The title perfectly encapsulates how the role of the modern CFO has evolved over the years — from being a bean counter, number cruncher, or tax filer, to a multi-tasker able to navigate disruptions, drive business decisions, and prepare the organization for growth.
The recent feat of San Miguel Corp. (SMC) Group Treasurer Ferdinand “Ferdie” K. Constantino as the 12th ING FINEX CFO of the Year awardee teaches us the value of having a good CFO in every organization. Here are some of these:
1. The CFO has the foresight and isn’t afraid to make tough calls. SMC is not only synonymous with food and beverage (mainly beer). It also heavily bets on the Philippine economy with its heavy investments in highly volatile and regulated sectors such as oil and fuel, power, and infrastructure. Ferdie and his team are quick to manage the volatility by hedging their dollar liabilities, or converting their dollar debts into peso debts before the peso began to plummet hard this year.
The modern CFO also answers the “hard” questions before he even needs to: Is the time ripe to enter new markets? What are the dominant constraints holding back the company’s growth? Is the management having conversations that are strategic and critical to move the company forward?
2. The CFO knows the face of disruption — and what to do about it. Modern CFOs have the ability to recognize the face of chaos and act even before it sheds its veil. Only a few years ago, technologies such as artificial intelligence, machine learning, Internet of things, and blockchain were confined within the realm of the academe and technologists. Today, they have also become the concern of CFOs; demanding competence in data analysis for business, leadership in digital transformation, and strategic partnerships with other players in the IT ecosystem.
“We’re not falling behind, and we cannot afford to,” Ferdie says on tackling digital disruption. He’s also a firm believer of leveraging millennials’ advantages as digital natives, looking to them for creativity and tech-oriented know-how in areas like marketing. “If we think it’s a good idea, we adopt it. The older people don’t provide obstacles,” he says on managing generational issues in SMC.
3. The CFO is a stronghold of leadership. From focusing solely on the balance sheet, CFOs are quick to shift their perspective toward people management and equipping them for a future filled with robots and automation. They are also a key figure in managing workforce transformation and building a finance function with the right people armed with the right skills and emotional intelligence.
Inspiration is free, so the CFO should give it away freely. “Right now, the younger ones are more competent than me in accounting, treasury, financial planning. I shouldn’t tell them in specific terms what to do and simply allow them to do their job well,” says Ferdie, who has been with SMC for 44 years now and has mentored generations of finance leaders.
The modern CFO goes by many names — from chief future officers to analytics wizards to savvy risk-takers. At the end of the day, he is both the anchor that keeps the ship stable and the sail that’s unfurled to propel the vessel forward.
 
Ma. Victoria C. Españo is the President of the Financial Executives’ Institute of the Philippines (FINEX) and the Chairperson and CEO of Punongbayan & Araullo Grant Thornton, one of the leading Audit, Tax Advisory and Outsourcing firms in the Philippines.
marivic.espano@ph.gt.com

Your Weekend Guide (November 16, 2018)

Weekends at the mall

SHANGRI-LA Plaza kicks off the holiday season with exclusive events, performances, and bazaars this month. During November weekends, fairs and bazaars will be held at the East Atrium and Food Forum at the Main Wing: The Grand Christmas Fair by The Weekend Showroom and food finds at A Taste of Christmas by Silk Events until Nov. 18; and Make Your Own Havaianas event at Grand Atrium from Nov. 17 to 20. The Havaianas Origine pairs will also be exclusively sold at Rustan’s at the Shang. For inquiries, call 370-2597/98 or visit www.facebook.com/shangrilaplazaofficial.

Waitress

ATLANTIS Theatrical Entertainment Group presents Waitress, a musical about a waitress at a diner who decides to join a pie baking contest which she hopes would give her a chance to live a new life. There are performances until Dec. 2, 8 p.m., at the Carlos P. Romulo Auditorium, RCBC Plaza, Makati City. Directed by Bobby Garcia, it stars Joanna Ampil, Bituin Escalante, and Maronne Cruz. For tickets and schedules, contact TicketWorld (www.ticketworld.com.ph, 891-9999).

Dance concert

JERUSALEM TO BGC — The Kolben Dance takes the High Street on Nov. 18, 3-5 p.m., at the Covered Canopy, West Block, Bonifacio High Street, BGC, Taguig.

Comedy nights

COMEDY MANILA presents Funny Fridays: Endless Laughter on Nov. 16, 8:30 p.m., at the Teatrino at Promenade, Greenhills Shopping Center, San Juan. For tickets (P500) visit TicketWorld (www.ticketworld.com.ph, 891-9999).

Rep’s Rapunzel

REPERTORY’s Theater for Young Audiences presents Rapunzel: A Very Hairy Fairy Tale until Jan. 27 at Onstage Theater in Greenbelt 1, Makati. For tickets and schedules, contact TicketWorld (www.ticketworld.com.ph, 891-9999).

Mula Sa Buwan restaged

MULA Sa Buwan, the original Filipino musical written by director Pat Valera (concept, book, and lyrics) and William Manzano (lyrics and music), returns for a limited 16-show run until Nov. 26 at the Hyundai Hall, Arete Bldg., in Ateneo de Manila University, Katipunan, Quezon City. The show will include a roster of returning and new cast. For more information visit www.mulasabuwan.ph.

Christmas tree lighting

CHRISTMAS at the Araneta Center gets brighter tonight when the giant Christmas tree is lit up the Times Square Food Park for the 37th year. A number of celebrities will headline the event including Sarah Geronimo, Vice Ganda, Darren Espanto, McCoy de Leon, the TNT Boys, Tawag ng Tanghalan Season 2 grand champion Janine Berdin, Vivoree Esclito and CK Kieron, The Kids’ Choice jurors Xia Vigor, Chunsa Jung, Onyok Pineda, Carlo Mendoza and Jayden Villegas, and OPM band Mojofly. Also gracing the event are beauty queens Catriona Gray, Jehza Huelar, Eva Patalinjug, and Michele Gumabao. The show, which will start at 4 p.m., will be hosted by volleyball player-turned-anchor Gretchen Ho, theater actor Benj Manalo and comedian MC. Admission is free. Aside from the giant Christmas tree, the Times Square Food Park will also feature Christmas on Display, which will have its own festive and ceremonial launch on Nov. 23.

Night market

CIRCUIT MAKATI will be holding a three-day sale called A Circuit Holiday Night Market from Nov. 16 to 18, 5 p.m. to midnight, at the Globe Circuit Event Grounds. The night market will be divided into six distinct districts: the Celebrity District which will see local celebrities selling their second-hand possessions and home cooked and baked goods, alongside charities like the Purple Centers Foundation, Hineleban Foundation, and Glenn’s Cookies; the Lifestyle District which will see brands like High Sierra, Cache Cache, Oka-B, Joe Fresh, Marks & Spencer’s, and the Gap, and where Mastercard holders can join a raffle when they use their cards there; the Student District which will have booths offering one-of-a-kind homemade items and crafts from young entrepreneurs led by The UP Organization of Business Economics Majors; the Artisan District organized by The Common Good Market; the Cuisine District of 50 booths organized by Mercato Centraale and Zomato; and the Green District which is a plants fair. During the event, Circuit Manakti will light the tallest Christmas Tree in the city. Entrance to the Night Market is P100, with a discounted rate of P50 for students, senior citizens, PWDs, and pregnant women. Mastercard users can enter for free.

How PSEi member stocks performed — November 15, 2018

Here’s a quick glance at how PSEi stocks fared on Thursday, November 15, 2018.

 
Philippine Stock Exchange’s most active stocks by value turnover — November 15, 2018

UP Maroons aim to go beyond the Final Four

By Michael Angelo S. Murillo
Senior Reporter
THRUST into a position to go deeper in the University Athletic Association of the Philippines men’s basketball tournament, semifinal-returning University of the Philippines Fighting Maroons intend to make full use of the opportunity given to them and go for it.
Defeated the De La Salle Green Archers, 97-81, in their all-important matchup on Wednesday, the Maroons are now girding for a semifinal clash with the second-seeded Adamson Soaring Falcons in the semifinals which will begin next week.
It will mark the first time in 21 years that the Diliman-based team is playing in the Final Four. The last time it was part of the top four was in 1997 when the Paolo Mendoza-bannered UP squad nearly upended top seeds Far Eastern University Tamaraws in the semifinals, bucking a twice-to-win handicap and forcing a rubber match.
Back among the top teams in the league, Maroons coach Bo Perasol said they are very happy as a community and proud of the significant progress that their basketball program has achieved in the last few years.
But he said they are not satisfied of just being where they are right now and are looking to go even further.
“While we will enjoy this there is still a game to be played in the Final Four and we will prepare for that,” a jubilant Perasol said after their victory over La Salle that booked for them a semifinal spot and the third seed in the Final Four.
“We’re in this to win this. It’s definite that who ends up at number two is one of the best in the league. But we’re here and we might as well enjoy it and fight for it,” he added.
Mr. Perasol, now on his third year of handling the Maroons, however, recognizes that they are going up against formidable opponents in the Falcons in the Final Four, more so since they have to beat them two times to advance, having to deal with a twice-to-win disadvantage.
In two games in the elimination round, Adamson had the number of UP, winning, 69-68, off a Sean Manganti game-winner in the first round, and, 80-72, in the second round.
But Mr. Perasol is undeterred by their lack of success so far against the Falcons this season, and vowed that his team would work hard and not make it easy for their opponents.
“What I am confident about is I know my team will fight for it. We still need to figure out things against Adamson. But this is basketball and we have a chance against them. And we’re not going to offer it to them on a silver platter. And knowing my players, they will know how to figure it out,” he said.
The elimination round of UAAP Season 81 has still one play date left on Nov. 18, which includes that between Adamson and FEU at 4 p.m. at the Mall of Asia Arena. A win by FEU forces a playoff with La Salle for the final spot in the Final Four.