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Grab told to refund excess charges

THE COUNTRY’S competition watchdog had fined Grab Philippines some P23.45 million for breaching its initial pricing commitments, as the authority approved a fresh undertaking as condition for its clearance of the ride-hailing firm’s acquisition of Uber’s Philippine business last year.

In a press briefing on Monday, Philippine Competition Commission (PCC) officials said the fine includes a P5.05-million refund to Grab riders who used the service between February and May.

These refunds will be returned to customers through the GrabPay Wallet in the app 60 days after PCC issued the order on Nov. 14.

Under the extended undertaking that took effect on Nov. 1 and which will remain in force for a year, Grab will return to affected customers amounts in breach of a 22.5% ceiling for average increase in a month from fares prior to the acquisition of Uber.

“… [T]he Philippine Competition Commission has approved a new set of commitments undertaken by Grab to address the lingering competition concerns in the ride-hailing market,” PCC Chairman Arsenio M. Balisacan said in his opening statement at the briefing.

“This effectively extends the PCC’s hold on Grab to conditions that prevent it from behaving like a monopolist to the detriment of the riding public.”

The extended undertaking involves “more streamlined commitments and metrics on pricing, service quality and non-exclusivity which Grab is compelled to abide by,” Mr. Balisacan explained.

He noted that a year after initial commitments were approved, “there continues to be a lack of competitive constraints on Grab and competition concerns… subsist”, consisting of the company’s prevailing market dominance, its ability to unilaterally increase prices profitably, existence of significant barriers to entry and inadequacy of its service quality.

“This is why there was a need to re-negotiate these commitments and install new commitments — to effectively address the persistent impact of a virtual monopoly on a sector imbued with public interest,” he added.

“Now entering the second year of PCC’s monitoring, we have maintained the same framework but introduced new mechanisms to ensure Grab’s compliance with its commitments.”

The new tools include a “disgorgement mechanism” under which Grab will have to return price excesses to riders if it breaches the monthly average fare cap set by the PCC. The refund scheme started in the third quarter of its initial undertaking.

GRAB RESPONDS
Grab Philippines said in a statement Monday that it respects PCC’s mandate to protect Philippine consumers, and has worked with the authority to form and finalize its voluntary commitments.

“The antitrust body has identified certain deviations from Grab’s voluntary commitments, and based on the recent order from the PCC, Grab will be paying a total computed amount of P5,050,000 to the passengers who took Grab rides from February until May 2019,” the company said.

“Grab Philippines maintains its compliance with the LTFRB’s fare matrix and will work closely with the PCC in implementing the agreed mechanics for the payment, which will be communicated to the public at least five days before paying,” it added, referring to the Land Transportation Franchising and Regulatory Board.

Grab has until Dec. 14 to pay its first and second quarter fines amounting to P11.3 million and P7.1 million respectively.

Within this initial period, Grab had also paid P9 million in fines for breaching its commitments after it presented inaccurate pricing data and incomplete sampling frames, and for violating its commitment to remove the “see destination” feature for drivers.

In the same press briefing on Monday, PCC Commissioner Johannes Benjamin R. Bernabe said that the 22.5% allowable average increase in a month is based on inflation rate, traffic density and effects of surges.

Refunds will be on top of fines of up to P2 million per breach.

“The undertaking and the commitment decision of the commission is intended to prohibit [Grab] from exceeding the cap… if they breach that cap, that’s when the penalties and the disgorgement mechanism kick in… It’s really a stick designed to disincentivize pricing beyond the threshold,” Mr. Bernabe explained.

After PCC reviews and confirms monthly fare breaches at the end of each quarter, the commission will notify Grab to refund the excess to customers’ GrabPay Wallets in 30 days.

In addition to this price agreement, the extended voluntary commitments includes all prior commitments to non-exclusivity and service quality.

Under the undertaking, Grab may ask to be released from its commitments if a competitor takes on at least 20% market share, or two or more players with a combined 30% market share. — Jenina P. Ibañez

IMD world talent ranking 2019

THE PHILIPPINES’ ability to develop, attract and retain highly skilled professionals improved in 2019, buoyed largely by increased capacity in matching existing talent pool with the demand of the labor market, according to an annual survey of Switzerland-based business school International Institute for Management Development’s (IMD) research arm. Read the full story.

IMD world talent ranking 2019

Philippines hones its talent edge

By Carmina Angelica V. Olano
Researcher

THE PHILIPPINES’ ability to develop, attract and retain highly skilled professionals improved in 2019, buoyed largely by increased capacity in matching existing talent pool with the demand of the labor market, according to an annual survey of Switzerland-based business school International Institute for Management Development’s (IMD) research arm.

IMD world talent ranking 2019

The Philippines placed 49th out of 63 economies in the IMD World Competitiveness Center’s World Talent Ranking 2019 report published on Monday, up six places from 55th in 2018.

The 2019 report takes into account three equally weighted talent factors to determine placement of these economies. The “investment and development” factor measures how much resources were invested to cultivate “home-grown” talent, the “appeal” factor evaluates the extent to which an economy “attracts and retains” foreign and local talent, while the “readiness” factor looks at the “availability of skills and competencies” in the labor force.

The Philippines saw the largest improvement in the readiness factor, rising to 26th in 2019 from 37th in 2018. Its placement in the appeal factor rose to 31st from last year’s 38th place. At the same time, the Philippines saw marginal improvement in the investment and development factor, albeit remaining near the bottom at 61st from 62nd previously.

The report cited the Philippines’ overall strengths such as availability of skilled labor (ranked third overall), percentage of graduates in the sciences (13th), availability of language skills (16th), cost-of-living index (15th) and effective personal income tax rate (8th).

“Other contributors to the country’s improvement include the prioritization of employee training (27th), level of the motivation of the workforce (29th) and availability of competent senior managers (21st),” the report further read.

On the other hand, the Philippines’ overall weaknesses include its government expenditure on education per student in the secondary level (56th), total public expenditure on education per student on all levels (61st), student-teacher ratio in the primary (59th) and secondary (57th) levels and the inbound mobility rate (56th), which is measured as the foreign tertiary-level students per 1,000 inhabitants.

‘AMAZING IMPROVEMENT’
Responding to queries via e-mail, IMD World Competitiveness Center Director Arturo Bris said the Philippines has “shown an amazing improvement” in terms of its capability to “match the existing talent pool with the needs of the private sector.”

“In particular, attraction and retention of talent has become a more important priority for companies, and in fact this has been achieved through a reduction in the cost of living index, as well as an increase in the average remuneration of management,” Mr. Bris said.

“Consequently, our indicator of ‘readiness,’ which measures the ability of the system to match the existing talent pool with the needs of the private sector, has also improved significantly. This is reflected in our indicator of whether ‘Skilled labor is readily available’ in the country, where the Philippines jumps from No. 7 to No. 3 in the world.”

Despite this, Mr. Bris also noted that the Philippines “continues to show an underperforming education system” as its investment in education is “still well below average.”

“As a percent of GDP (gross domestic product), the Philippines only invests 3.5%, lower than the average 4.1% for all the countries in our sample“ [O]n a per-student basis, the Philippines ranks No. 61 out of 63 countries [at $376 per student],” Mr. Bris said.

Asked on what the Philippines should do to maximize its strengths to further improve its ranking, Mr. Bris responded: “It is paramount for the country to stop the flow of talent abroad. Therefore retention of talent should be a priority of policy.”

“Besides general economic improvements that induce talent to stay at home, the country should implement other policies that increase quality of life, access to services, higher salaries and better labor conditions,” he added.

Regulator approved Wawa bulk water supply project — Prime Infra

THE WATER COMPANY of businessman Enrique K. Razon Jr. said on Monday that his joint venture for the Wawa bulk water project had been approved by the government, paving the way for improvement of Metro Manila’s supply.

In a statement on Monday, Mr. Razon’s Prime Metroline Infrastructure Holdings, Inc. (Prime Infra) said the project had been “decisively” approved by state-led Metropolitan Waterworks and Sewerage System (MWSS) on Nov. 14, 2019.

It quoted MWSS Chairman Reynaldo V. Velasco as saying: “As promised to the public, the Board has already given its final approval for the Wawa Bulk Water Project.”

“This is good news for everyone, not only for the proponents and stakeholders, but more importantly for the MWSS consumers. This will ensure water security for the greater Metro Manila area in the coming years.”

The joint venture, WawaJVCo, Inc., is expected to supply 80 million liters per day (MLD) from Wawa dam in 2021 and at least 500 MLD in 2025.

Prime Infra said the final approval of the remaining documents, which authorized MWSS Administrator Emmanuel B. Salamat to sign on behalf of the agency, took place during the MWSS Board of Trustees meeting on Thursday last week.

It said the approval came after the favorable opinion issued by the Office of the Government Corporate Counsel on Nov. 7 on the remaining conditions precedent.

“This approval is the remaining document to make the project fully effective and enable the project proponent to proceed in the development work,” the company said.

It also quoted Mr. Velasco as saying: “I would like to assure the public that MWSS is doing everything in its power to address the current water crisis.”

“We are committed to make sure that we have enough supply to meet the demands of the growing population in Metro Manila. I am sure the other government agencies who are mandated to issue permits will follow suit as this is a priority project to solve the water crisis,” he added.

During his term as MWSS administrator, Mr. Velasco encouraged Mr. Razon and the Wawa project’s controlling stakeholder — San Lorenzo Ruiz Builders and Developers Corp. of Oscar I. Violago — to jointly develop the project.

He also urged Manila Water Co., Inc. to be involved in it.

In August, Manila Water signed a 30-year raw water supply offtake agreement with MWSS and WawaJVCo. The Ayala-led water concessionaire for Metro Manila’s east zone said the agreement would involve the supply of raw water from the Wawa and Tayabasan rivers. “This is among the medium-term water supply augmentation measures identified to provide water security and sustainability to the consumers of Manila Water in the East Service Area,” it had said.

Wawa dam in Rodriguez, Rizal is gravity dam built in 1909 during the American occupation of the Philippines. It was Manila’s main source of water until Angat dam was built in 1968.

On its Website, Prime Infra said the first weir and first basin will have a supply capacity of 40 MLD by 2021. The second weir and basin will have the same capacity by 2021. In the same year, Manila Water’s water treatment plan at Calawis River will be available.

The upper Wawa dam with a supply capacity of 438 MLD is expected to be available by 2025. — Victor V. Saulon

ICTSI’s P8.7-billion proposal for Iloilo ports moves forward

By Denise A. Valdez, Reporter

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) has received notice from the country’s port regulator that its P8.7-billion proposal to develop Iloilo ports will now undergo evaluation.

The Razon-led port operator said in a statement yesterday the Philippine Ports Authority (PPA) has acknowledged the completeness of its proposals, signaling the start of the 60-day period to evaluate the project.

“ICTSI received from PPA a letter of acceptance for completeness in accordance with the Revised Guidelines and Procedures for Entering into Joint Venture Agreements between Government and Private Entities… PPA will now begin to evaluate the legal, financial and technical merits of ICTSI’s proposal…,” the listed firm said.

PPA General Manager Jay Daniel R. Santiago was asked to confirm the details but did not respond as of press time.

ICTSI submitted to PPA last year an unsolicited proposal to modernize, operate and maintain two Iloilo ports: the Iloilo Commercial Port Complex and the Port of Dumangas.

This includes “dredging and deepening of the drafts and channel to allow the direct entry of new generation, international vessels; and purchase of modern quayside crane handling equipment estimated to cost around P1.35 billion.”

PPA previously said it could not begin its evaluation of the proposal as it still lacked some details.

With the sending of a letter to ICTSI signifying the completeness of the proposal, the PPA now has a maximum of 60 days to decide whether or not it will give ICTSI an original proponent status (OPS) for the project.

“With the Transportation Department’s recent directive to fast track unsolicited bids for port projects, we are confident that we will be able to assist the Philippine government more in its goals of upgrading the country’s port network…,” ICTSI Global Corporate Head Christian R. Gonzalez said in the statement.

If granted OPS, ICTSI will have the advantage once the proposal is approved by the National Economic and Development Authority and is up for Swiss challenge. The Swiss challenge is the competitive bidding process where third-party companies are invited to submit counterproposals to a project, which the OPS holder has the right to match.

“We are fully committed to working with the PPA on this project, and are hopeful to be granted original proponent status,” Mr. Gonzalez said.

The attributable net income of ICTSI stood at $184.9 million in the nine months to September, up 29% from last year on the back of strong operating income from its port operations worldwide.

Shares in ICTSI at the stock exchange inched up 0.10 point or 0.08% to close at P122.30 each on Monday.

Voyager Innovations may turn a profit by 2024 — Pangilinan

PLDT, Inc. is hopeful Voyager Innovations, Inc. will turn a profit by 2024, as its digital payments firm Paymaya Philippines, Inc. continues to grow its business.

“If I recall correctly, it should break even, cash-wise by 2023, so maybe 2024, we would see the light of day, hopefully. That’s our projection,” PLDT Chairman, President and Chief Executive Officer Manuel V. Pangilinan told reporters on Nov. 14.

In 2018, PLDT incurred a loss of P3 billion in Voyager, a 150% increase from P1.2 billion in 2017.

Asked if he is willing to offer more shares in Voyager to investors, Mr. Pangilinan said: “I think there’s an effort to raise funding, it’s good to finance their [business] in the next three to five years of their operations. That will be good.”

Last year, PLDT sold a more than 50% stake in Voyager for $215 million to China’s Tencent Holdings Ltd.; US-based Kohlberg Kravis Roberts & Co. (KKR); International Finance Corp. (IFC) and IFC Emerging Asia Fund. PLDT remains the single largest shareholder in Voyager.

Aside from PayMaya, Voyager’s portfolio includes PLDT’s mobile remittance brand Smart Padala, FINTQnologies Corp., online loaning platform Lendr and free mobile browsing app Freenet.

Mr. Pangilinan is bullish on PayMaya’s growth.

“I think their throughput, the number of accounts, the number of transactions are increasing each month. So, [I’m] optimistic,” he said.

Paymaya has continued to grow its gross transaction volume, which is estimated at more than P200 billion every year.

In September, Paolo Azzola, chief operating officer and managing director of PayMaya, said the company is targeting to reach the trillion peso mark in terms of value of annual transactions by 2023.

On the enterprise side, Mr. Azzola said PayMaya targets to have 80,000 merchants on its platform by the end of the year.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — A.L.Balinbin

MySpace develops Taytay condo

By Jenina P. Ibañez

MYSPACE Properties, Inc. is bringing “city living” to the outskirts of Metro Manila with its first project — The Hive.

The company, with engineering partner Megawide Construction Corporation, is developing the four-tower, mid-rise condominium project in Taytay, Rizal.

MySpace Sales and Marketing Vice President Gigi G. Alcantara said in a recent interview that they picked Taytay because it is a progressive area outside of the capital and because of its proximity to the Megawide pre-cast plant.

The property, Ms. Alcantara said, takes “a piece of what is in the central business district and blending it with the provincial life.”

So far, the Hive has attracted Taytay residents who wanted to experience condominium living without leaving the area, as well as empty nesters who want to live in a smaller and more convenient place.

The Hive, which sits on a 2.1 hectare lot, has pools, a clubhouse, a central park with jogging path, and mini-event area.

Towers A and B have one-bedroom units sized 26-28 square meter (sq.m.) and two-bedroom units sized 49-63 sq.m. Units at the first two towers are already sold out.

Tower C offers one-bedroom units at 26 sq.m. and two-bedroom units at 49 sq.m. Tower D has one-bedroom units (30-35 sq.m.) and two-bedroom units (49 sq.m.). Tower C has a few units left, while tower D is 50% sold.

From a pre-selling price of P55,000 per sq.m., The Hive’s units are now selling for up to P100,000 per sq.m.

MySpace Properties named the project “The Hive” to capture the busy, on-the-go nature of city living in the backdrop of the countryside.

“So there is that laid back feeling, but there’s a lot to do in Hive because of amenities we provide. We are actually in the main thoroughfare,” Ms. Alcantara said.

MySpace Properties expects The Hive to signal the entry of further developments in the area.

“When we built that it became, instantly, a landmark in the area… It triggered the entry of even the major developers in the area,” she said.

The construction of the C6 road extension, she said, would link Taytay to Metro Manila and create an opportunity for the value of land area in Taytay to appreciate.

“The property is very strategic to the development of the government so the investors will soon reap the benefits…This is a testament to why bigger developers are following,” she said.

Located between Marcos Highway and Ortigas Avenue Extension, the property has access to Waltermart, and has Puregold Tropical, STI Academic Center, Assumption Antipolo, and Manila East Medical Center in its immediate vicinity.

Tower C will be ready for turnover in December of 2020 while tower D is expected to be ready by 2021.

MySpace is run by Edgar B. Saavedra, founder and chairman of Megawide. The construction company delivered exterior walls, stairs, and half-slab for The Hive.

Golden Bria nearly doubles profit in Q3

GOLDEN Bria Holdings, Inc. nearly doubled its profits in the third quarter as both its real estate and death care service business recorded higher revenues.

The listed firm of the Villar family reported a 93% jump in net income to P615.28 million in July to September. Total revenues stood at P2.09 billion, a 47% rise from last year.

Real estate sales, under Bria Homes, comprised P2.05 billion of the company’s top line, growing 48% year on year. A 22% decline to P18.22 million in interest income from contract receivables was offset by a 28% jump in chapel services income to P11.31 million and a 23% rise in interment income to P10.28 million.

Expenses during the July to September period grew 40% to P1.37 billion, coming mostly from land and construction and development costs for Golden Bria’s real estate business.

On a nine-month basis, the company’s net income rose 83% to P1.67 billion. Total revenues jumped 45% to P5.88 billion as expenses grew 42% to P3.98 billion.

By business segment, real estate sales added P5.76 billion of the nine-month figure or 47% up from last year, which the company attributed to “significant increases in memorial lot sales of Golden Haven and residential unit sales of Bria Homes,” it said in its regulatory filing.

Chapel services generated P32.3 million or an increase of 19% year on year, which Golden Bria traced to the “significant growth” in number of memorial services in the past nine months of 2019.

Interment services contributed P27.7 million, 14% up from last year, again due to the higher volume of services during the nine-month period this year.

Bria Homes, the company’s mass housing unit, is ramping up expansion in key areas in Visayas and Mindanao where it sees sustained demand for affordable homes.

It has over 50 housing projects covering 700 hectares in more than 40 towns and cities around the country.

Shares in Golden Bria climbed 5.80 points or 1.38% to close at P425 each on Monday. — Denise A. Valdez

Damosa Land starts pre-selling Agriya residential units

DAVAO CITY — Damosa Land Inc. (DLI) has started pre-selling the residential units, consisting of a house and lot, at its Agriya mixed-use complex in Panabo City, Davao del Norte.

DLI Vice President Ricardo F. Lagdameo told BusinessWorld the units are “targeted for the high-end market” with prices at an average P15 million.

In an earlier interview, Mr. Lagdameo said they will start constructing the 177 detached houses next year, with lot areas ranging from 250 to 450 square meters.

“Initially, we will be targeting the local market in Panabo then branching out to greater Davao Region,” he said.

Meanwhile, the DLI official said they are still on track to open before the end of November the agri-tourism area of the complex, which will have working crop and aquaculture farms and a theme park.

He said the “Naturetainment” park will give visitors “a real sense of the agri life, stimulate a different kind of thrill and helps encourage children to take care of mother nature.”

“Davao being really the center of agriculture in the Philippines or Mindanao being the center of agriculture, there is not really that many agri-tourism projects to go to, When people say they’re coming to Davao, where can we go? This is one of the places we want to promote,” said Mr. Lagdameo.

The park and land preparation for the residential area are part of the project’s P4-billion first phase.

The 88-hectare Agriya will also have commercial spaces and a University of the Philippines Professional School for Agriculture and Environment.

DLI is the real estate arm of the Floirendo-owned Anflo Management and Investment Corp., whose flagship firm is banana exporter Tagum Agricultural Development Company, Inc. — Carmelito Q. Francisco

Phoenix to offer P3B in commercial papers

PHOENIX Petroleum Philippines, Inc. plans to offer the remaining P3 billion of its P10-billion commercial papers registered with the securities regulator to refinance its loans, the oil company told the stock exchange on Monday.

“The expected net proceeds of the offer are intended to be used to refinance existing short-term loans of the Corporation, which were used to finance working capital requirements in relation to the regulation importation of fuels and lubricants by the Corporation,” the company said in its notice of offer to the Securities and Exchange Commission (SEC).

Series C of the commercial paper program will have a tenor of 360 days from the issue date, which is tentatively scheduled on Dec. 11, 2019. The company said assuming a final discount rate of 5.2677% and the offer is fully subscribed, the net proceeds of the offer are expected to reach P2.82 billion.

Phoenix Petroleum, a fast-growing independent oil company, said the announcement of the final issue price on the discount rate is set tentatively on Nov. 28, 2019.

On Aug. 5, 2019, the company issued its P3.5 billion worth of commercial papers under Series B of its SEC-registered three-year commercial paper program. Priced at a discount rate of 7%, the Series B debt will be redeemed in 360 days. PNB Capital and Investment Corp. served as lead arranger and issue manager.

The issuance supported the short-term funding requirements of the company for its importation and sale of petroleum products. It followed the initial P7-billion issuance last Dec. 27, 2018 under Series A and B.

On June 25, 2019, the company repaid its Series A-1, with P3.5 billion worth of commercial papers remaining outstanding, and will mature and will be repaid in full on Dec. 22, 2019 or on the next banking day.

Shares in the company were unchanged on Monday at P11.08 each. — Victor V. Saulon

GSC Tower draws strong interest from companies

GSC Corporate Tower is attracting strong interest from professional services firms, multinational companies and co-working spaces, as it is one of four office projects in Bonifacio Global City (BGC) set to be completed in 2020.

Located along Triangle Drive in the area near Kalayaan Avenue, the 15-storey Grade A building will be ready for occupancy in the first quarter next year.

Miguel Manipol, associate director of Leechiu Property Consultants, said BGC is still one of the top business destinations in Metro Manila due to its strategic location and world-class masterplanning.

By next year, access to and from BGC is expected to improve with the completion of a four-lane bridge by June. With the BGC-Ortigas Center Link, a drive from BGC’s Eighth Avenue to Ortigas Center via Sta. Monica Street in Kapitolyo, Pasig will take roughly around 12 minutes.

Yeli Camus, senior manager of Leechiu Property Consultants, said spaces at the GSC Corporate Tower is seen to be leased out quickly.

The GSC Corporate Tower will offer a gross leasable area of just under 12,000 square meters (sq.m.) and a typical floor plate of 1,300 sq.m.

The building is named after Go Siok Chu, matriarch of the So family, who started an importation business and later ventured into foreign exchange and real estate.

Films on gay men, intersex person bag top prizes in film fest

SILA-SILA, a film about gay men navigating through breakups and friendships, and Metamorphosis, a film about an intersex individual, won the top prizes — Best Picture and Best Director, respectively — at the recently concluded Cinema One Originals film festival.

The awards were given on Nov. 15, at a ceremony held at the Dolphy Theater in Quezon City.

“The film is really about connections, how you build a relationship — not only with those you love but also those with your friends,” Sila-Sila film director Giancarlo Abrahan said in vernacular in his acceptance speech for the Best Picture award.

Mr. Abrahan also dedicated the film to the “entire spectrum of the LGBT community.”

“I was so happy when I saw this one tweet where the person said, ‘Wow, I feel seen.’ So now we’re here standing in front of you: a gay director, a gay writer [with] gay actors. We are seen,” he added.

The film also won Best Screenplay, the Audience Choice Award, and Topper Fabregas took home the Best Supporting Actor Award.

Meanwhile, Metamorphosis by J.E. Tiglao won Best Director, Best Actor for Gold Azeron, Best Supporting Actress for Iana Bernardez, Best Sound and Best Cinematography. The Best Cinematography award was shared with the horror film, Tia Madre.

The film — about an intersex individual, which the UN Office for the High Commissioner of Human Rights defined as someone who “do not fit the typical definitions of male and female bodies” — was almost barred from screening during the festival due to the initial X-rating given by the Movie and Television Review and Classification Board (MTRCB). After an appeal and subsequent review, the film was given an R-16 rating.

“Five years, for five years I’ve fought for this film. Thank you for the people who supported me in doing this film. I dedicate this award to our intersex friends. Thank you,” Mr. Tiglao said during his Best Director acceptance speech.

Below is the list of winners of the 15th Cinema One Originals film festival:

• Best Picture: Sila-Sila

• Special Jury Prize: Utopia

• Best Director: J.E. Tiglao for Metamorphosis

• Best Actor: Gold Azeron for Metamorphosis

• Best Actress: Alessandra de Rossi for Lucid

• Best Supporting Actor: Topper Fabregas for Sila-Sila

• Best Supporting Actress: Iana Bernardez for Metamorphosis

• Best Screenplay: Daniel Saniana for Sila-Sila

• Best Cinematography: Shared by Tay Clamor for Metamorphosis and Carlos Mauricio for Tia Madre

• Best Production Design: Eero Yves Francisco for Utopia

• Best Editing: Benjamin Tolentino for Lucid

• Best Musical Score: Kevin Dayrint and Emerzon Texon for Lucid

• Best Sound: Immanuel Verona and Vince Banta for Metamorphosis

• Audience Choice Award: Sila-Sila

• Student Film Award: Kapasidad by Tyrone James Luanzon. — Zsarlene B. Chua

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