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CHMI Land to open new Acacia Hotel in Davao by December

DAVAO CITY — CHMI Land, Inc., the real estate arm of Corporate Holdings Management Inc., is opening its Acacia Hotel Davao by December, the third in its chain after Alabang and Bacolod.

The 260-room Acacia Hotel Davao — renovated from a facility built about five years ago and bought in 2017 by Cosco Capital, Inc.’s Lucio L. Co — is located in the city’s business center and is about 20 minutes away from the Davao International Airport.

“Acacia Hotel Davao is ideally situated in the midst of Davao City’s hustle and bustle, the center of the city’s business hub which is recognized as a booming location for both local and international tourism,” the hotel management said in a statement on Oct. 9.

The hotel’s amenities include the Club Lounge for guests staying in the premier rooms and suites, a cafe and Chinese restaurant, gym and swimming pool with a bar, a ballroom for up to 350 persons, and nine smaller event venues.

Davao City Tourism Office head Regina Rosa D. Tecson told BusinessWorld that the opening of new hotels such as Acacia are an added “promotional material” for attracting more leisure and business visitors.

“New facilities are most welcome because they become part of our marketing strategy,” said Ms. Tecson.

The tourism office is projecting three million visitors this year and local industry players are working together to push the city as a major meetings, incentives, conferences, and exhibitions (MICE) destination. — with a report from Carmelito Q. Francisco

Top central banker says yuan level ‘appropriate’

WASHINGTON — China’s top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China’s yuan at an appropriate level.

Yi Gang, the governor of the People’s Bank of China, said in a statement to the International Monetary Fund’s (IMF)steering committee that Beijing is “deeply disappointed” in the IMF’s failure to realign its shareholding structure to recognize the rising influence of China and other fast-growing economies.

Mr. Yi pushed back against the US Treasury’s Aug. 5 designation of China as a currency manipulator after China’s yuan fell below the psychologically important level of 7 to the dollar.

His statement said that the depreciation in the yuan since the beginning of August has been driven by market forces, including volatility prompted by escalating trade tensions. Mr. Yi added that there was “growing market acceptance for two-way exchange rate fluctuations” in the yuan, also known as the renminbi or RMB.

“Judging both from economic fundamentals and from market supply and demand, the RMB exchange rate is at an appropriate level,” Mr. Yi said.

In a dig at the Trump administration’s “America First” trade stance, Mr. Yi said: “the wave of populism and protectionism in some countries has undermined mutual trust, reducing their willingness to cooperate on a multilateral basis.”

Yi’s statement did not mention the “Phase 1” trade deal that US President Donald Trump announced on Oct. 11, but warned of the problems that trade tensions have caused for the global economy.

“Signs of disruptions have emerged in global trade and in global industry chains, supply chains, and value chains,” he said. “Trade tensions have dampened market confidence, which may amplify financial market volatility and drag down economic growth.”

On IMF quotas, Mr. Yi said that IMF members needed to honor previous commitments to adjust the IMF’s shareholding to reflect the growing power of dynamic emerging market economies and said that China supported an adequately resourced IMF based on quota resources, not temporary lending arrangements.

The IMF on Friday announced that members had agreed to keep IMF lending resources at $1 trillion, through extension and a doubling of its crisis lending fund and a corresponding reduction in bilateral borrowing arrangements. But in a move that preserves US veto power over major Fund decisions for four more years, IMF members delayed the next quota review until December 2023.

“The failure to adjust quota shares undermines the representation, governance, and legitimacy of the IMF,” Mr. Yi said. “China will, along with the other parties, continue to push for reforms of the IMF’s quotas that will strengthen the voice and representation of emerging market economies.” — Reuters

Heartwarming Hae In

By Cecille Santillan-Visto

Fan meeting
One Summer Night
(Fan Meeting Tour 2019)
Sept. 28, New Frontier Theater, QC

WHEN A Korean celebrity returns to Manila just a few months after his last show, then it is safe to assume that he has cemented his status as a local crowd-drawer.

Among the Hallyu stars who have had fan meetings in the Philippines in recent years, only superstar Lee Min Ho had yearly sellout events in the country. Actor Jung Hae In can now boast of being in the same league as Bench endorser.

The 31-year-old held his second fan meeting here in as many years, solidifying his standing as among the favorite actors of Filipino K-drama enthusiasts. His first encounter with fans, at the then Kia Theater, was in June 2018 through his Smile Fan Meeting In Manila. There was a consistent clamor for a second serving, prompting Wilbros Live! to bring him back.

“I am so happy to be back in Manila after last year’s visit and thankful for the opportunity to sit down for an interview,” he said during a press conference for his One Summer Night fan meeting at the Marco Polo Hotel. He added that it is always a treat to perform for the Filipino audience considering their warmth, “amidst their shyness.”

During the press conference, Mr. Jung talked of one unforgettable fan meeting where he sang a song but he was out of tune. In another instance, the audience requested a dance number. While he gave it his best shot, reviews had it that it was not his best performance.

For One Summer Night in Manila, he sang at least two songs — both of which were decent and demonstrated his, in his words, “slightly upgraded singing skills” — but he did not attempt to put on his dancing shoes. He admitted he is a fan of K-pop group, Bangtan Boys (BTS).

There was more fan interaction, which his loyal followers appreciated, as it allowed fans to know the actor beyond what they see in Korean dramas, shows, and interviews.

In one of the highlights of his fan encounter, he donned a white doctor’s gown and provided advice to three selected fans.

One confessed that she has broken up with her boyfriend, who did not take well to her extreme fangirling, particularly those involving him. He shared some encouraging words and told his fan to “love yourself” first and foremost.

He also jokingly told a Malaysian follower to train her sights at his numerous male fans.

He then proceeded to prescribe some “remedy,” including a photo of himself and a portable magnifying glass to enable her to see him closely. Another young fan was gifted with a journal to allow her to better analyze and decide what she wants for her future.

During the fan meeting, Mr. Jung — who is best known for his smile and his effective portrayal of roles — also told some behind-the-scenes stories on projects he has been working on.

Mr. Jung had a career-changing experience when he took on the part of the first love of actress Kim Go Eun’s character in Goblin, a blockbuster drama starring Gong Yoo and Lee Dong Wook.

“I was a fan and a viewer of the drama so when I was tapped to take a role, it was surreal. I was able to see Gong Yoo up close,” he shared, noting that he does not really consider himself a Hallyu star but is grateful to be able to do what he loves. He declined to be compared with any of the other popular K-drama actors.

Since Goblin, the actor went on to star in other TV series such as One Spring Night and Something in the Rain.

One Spring Night was my last project and my role as a father was very interesting but new to me. The difference in my character in Something in the Rain is that he was aggressive and strong… But among the roles that I have played so far, my most memorable is that of Yoo Jiho (in One Spring Night) but Seo Joon Hee (in Something in the Rain) is my favorite.”

He said he looks forward to playing more diverse roles, including that of a CEO in a large Korean company.

“Acting is something I do because it makes me happy. I am glad that there are people all over the world who watch my dramas and movies. I am excited to work on more shows and movies to entertain my fans,” he noted.

In his last two visits to Manila, his schedule was very tight and he has not been able to visit popular destinations — he has been eyeing Cebu and Boracay. However, this gives him a reason to schedule a third trip to the Philippines.

Given the response to his last two fan meetings, it is not unlikely that he will soon return to the local stage.

NPC shuts 26 online lending companies

THE NATIONAL Privacy Commission (NPC) on Monday said it shut down 26 online lending companies that allegedly shame their borrowers.

In a statement, the NPC said it has “imposed a ban on the processing of personal data against operators of 26 online lending applications, as part of the agency’s continuing crackdown on online lenders that resort to public shaming of borrowers.”

The NPC said such companies “failed to appear before the Commission to answer allegations filed by complainants.”

The mobile apps of the said 26 companies continue to be available for use, the NPC noted, hence, the Commission decided to ban their operations.

These online lending companies are a “continuing threat to the rights and freedoms of data subjects,” the NPC said.

The 26 online companies banned by the NPC are: Cash bus, Cash flyer, Cash warm, Cashafin, Cashaku, Cashope, Cashwhale, Credit peso, Flash Cash, JK Quickcash lending, Light Credit, Loan motto, Moola Lending, One cash, Pautang peso, Pera express, Peso now, Peso tree, Peso.ph, Pesomine, Pinoy cash, Pinoy Peso, Qcash, Sell loan, SuperCash, and Utang pesos.

“The operators of the 26 applications are ordered to immediately take down their online lending operations and make sure that their apps are no longer publicly available for download, installation or use. They are also directed to stop all activities that entail processing of personal data, including those outsourced to third parties, and those that involve use of information from phonebook, directory, and contact list of data subjects, as well as disclosure of false or unwarranted information, and unduly intrusive methods of personal data processing,” the NPC said.

The commission added that it is currently coordinating with the National Telecommunications Commission for appropriate action.

The NPC is also communicating with Google Play Store operator Google LLC “for their compliance, in accordance with the terms and conditions of their platform.” — Arjay L. Balinbin

DLI to complete industrial zone dev’t in 2 years

DAVAO CITY — Damosa Land Inc. (DLI) is aiming to complete the development of the 63-hectare Anflo Industrial Estate (AIE) economic zone within the next two years and is now fast-tracking the construction of additional facilities.

“It’s hard to woo investors when you sell only a plan. Showing concrete progress in the site is a big advantage for AIE (Corp.) to close the deals with the investors,” Ricardo F. Lagdameo, DLI first vice president, told BusinessWorld in an email interview.

The next phases of development for the ecozone, which broke ground in Feb. 2016, include cold storage facilities, more warehouses, and another commercial building.

The AIE is adjacent to the Davao International Container Terminal, which is also owned by Anflo Management and Investment Corp., the parent company of DLI.

“There is enough interest in the market for industrial lots,” he said, citing inquiries from foreign business delegations such as from Taiwan, China and Japan.

“We would like to see a good mix of investors,” Mr. Lagdameo said, noting that their focus is manufacturing and other light industries, particularly those related to the agro-industrial sector.

Last Oct. 4, a group of Japanese investors, organized by the Office of the Consul General of Japan and the Japanese Chamber of Commerce-Mindanao, visited the economic zone located in Panabo City, Davao del Norte to assess the possibility of expanding their business in the Davao Region.

The visit followed the holding of the Japanese Business Seminar in Davao City as part of the commemoration of the 100th year of Japanese presence in this part of the country.

Japanese Consul General Yoshiaki Miwa said during the business forum that there is serious interest among Japanese investors, particularly in the manufacturing sector.

“We just have to create a strategy,” said Mr. Miwa.

Among the companies currently setting up operations in the economic zone is Japanese firm Packwell, Inc., which manufactures paper-based packaging and containers.

Other companies that have located in AIE include Del Monte Fresh Produce Philippines, First Panabo Tropical Foods Corp., Phildutch Polymer Inc., Davao Packaging Corp., CAMECO Realty Development, PMR Pallet Ltd. Co., Fermon Corp., Southern Harvest, and Lane Holdings, Inc. — Carmelito Q. Francisco

Facebook open to currency-pegged stablecoins for Libra digital project

WASHINGTON — Facebook, Inc., facing growing skepticism about its digital currency project Libra, on Sunday said the initiative could use cryptocurrencies based on national currencies such as the dollar, instead of the synthetic one it initially proposed.

David Marcus, who heads the Libra project for Facebook, told a banking seminar the group’s main goal remained to create a more efficient payments system, but it was open to looking at alternative approaches for the currency token it would use.

“We could do it differently,” he said. “Instead of having a synthetic unit … we could have a series of stablecoins, a dollar stablecoin, a euro stablecoin, a sterling pound stable coin, etc,” Mr. Marcus told the panel.

“We could definitely approach this with having a multitude of stablecoins that represent national currencies in a tokenized digital form,” he said. “That is one of the options that should be considered.”

Mr. Marcus said he was not suggesting currency-pegged stablecoins were the group’s new preferred option.

“What we care about is the mission and there are a number ways to go about this,” Mr. Marcus told Reuters after the panel, adding that the Libra needed to “demonstrate a lot of agility.”

The Facebook-led project suffered severe setbacks earlier this month, as major payment companies Mastercard, Inc. and Visa, Inc. became the latest partners to quit the group behind the project.

Other key members that have pulled out included Stripe, eBay, Inc. and Booking Holdings, Inc. and PayPal Holdings, Inc.

Global policy makers and regulators have also worry that creation of a new synthetic global currency could upend the global financial system, threaten users’ privacy, and facilitate money laundering.

Group of 20 finance leaders on Friday agreed to set strict regulations on cryptocurrencies and said such stablecoins should not be issued until various global risks were addressed.

Mr. Marcus told Reuters that Facebook was still aiming for a June 2020 launch of Libra, but acknowledged it could miss that target due to regulatory hurdles.

“We’ll see. That’s still the goal,” Mr. Marcus told Reuters when asked if the recent departure of several major partners from the project would delay the planned 2020 launch.

“We’ve always said that we wouldn’t go forward unless we have addressed all legitimate concerns and get proper regulatory approval. So it’s not entirely up to us,” he said. — Reuters

Humor and charm

Little Town Hero
Nintendo Switch

CONSIDERING how hardly any news about Little Town Hero hit gaming circles from inception to release, pundits wouldn’t have been wrong to buttress its status as a “Little Known Title” when it finally made its way to the Nintendo eShop last week. It was announced with no fanfare and scant information in August last year. Even then, the public knew, well, little apart from its genre (role-playing game), working title (Town), and synopsis (a young lead defending a — what else? — town from monsters). And, after that, virtually nothing was heard of it until the week before its Oct. 16 launch.

To be sure, not all releases for the Switch are given the red-carpet treatment. If anything, the opposite has become the norm; few out of the sheer number of intellectual properties being developed for the hybrid console at any given time get their turn in the spotlight. Nonetheless, the relative dearth of information about Little Town Hero is nothing short of remarkable; after all, no less than Game Freak — responsible for the videogame arm of Pokémon, the biggest media franchise in the world — steered it to fruition. Little wonder, then, that gamers all but became prospectors, with material on the title, among them an official video showing the first 20 minutes of gameplay close to release date, treated as rare finds.

No doubt, the radio silence was deliberate. In controlling the flow of information, Game Freak succeeded in whetting the appetite of gamers all the more. And, in retrospect, it was right to do so. Little Town Hero manages to live up to expectations and serves as ample proof of the viability of the developer’s Gear Project initiative, which encourages programmers to break from its flagship Pokémon series and work on innovative concepts as a means to “recharge” their creative juices. Put succinctly, the developer’s first RPG outside the Pokémon series since Bushi Seiryūden: Futari no Yūsha for the Super Famicom in 1997 works because of a unique willingness — a preferential option, even — to be different.

Little Town Hero’s initial impression screams typical. It presents the lead character within a simple storyline: Axe is inquisitive and full of youthful vigor, bent on seeing the world that lies beyond his town. Unfortunately, the castle he aims to serve likewise prevents him — and all other subjects — from leaving, keeping them in as a way to keep monsters out. As the latter somehow penetrate the boundaries, anyway, he moves to take the invaders on with help from his friends, among them sidekick Nelz, old reliable Pasmina, and “rival” Matock, training from castle guard Angard (a clear allusion to the fencing term), and a red stone that gives him the power to do so.

As linear as Little Town Hero’s narrative progression may be, the gameplay is far from rote. As with most other RPGs, exploration of the overworld and interaction with non-playable characters are crucial to advancement. And unlike most other RPGs, leveling up and grinding, not to mention collecting currency and equipment, are deemed unnecessary. No random battles occur; nor do they need to be sought for the buildup of talents. Even as a skill tree is used, climbing it becomes inevitable via combat triggered by specific events.

Considering the direction of longtime Pokémon series programmer Masao Taya, Little Town Hero’s singularly spectacular turn-based battle system should come as no surprise. And yet it does manage to call attention as the game’s foundation, and not merely because of its unorthodox mechanics that, for lack of a better description, represent an amalgamation of, say, Mario Party and Slay the Spire. Thought bubbles that frame ideas (labeled “Izzits”) from which actions (“Dazzits”) are concretized and consolidated through the dispensation of ability points (three to start and increasing by one every three turns to a maximum of six). The results are then pitted against those of the enemies, with the turn ending after the hands are exhausted. Movement along the combat board is then possible, after which another turn commences. And so on and so forth until victory is crafted or defeat is suffered, whatever the case may be.

For all the seeming complexities, Little Town Hero’s gameplay is thankfully intuitive. Battles can last long, but wind up being appropriately rewarding, never mind the hand — no pun intended — that randomness plays in outcomes. Buffs and boosts can be triggered by well-thought-out action sequences and character placements, and a fair share of strategizing is required to take advantage of enemy weaknesses. Which, as an aside, provide the bases for side quests en route; townsfolk with whom relationships were hitherto made and fortified actually get to help from the sidelines during combat.

For the most part, Little Town Hero looks and sounds great; as is representative of Game Freak’s intellectual properties, it boasts of colorful cel-shaded visuals and vibrant music (influenced by the direction of Undertale’s Toby Fox and Pokémon’s Hitomi Sato). Animations are likewise beautifully rendered, although their frequency can stifle pace and, apparently, put a crimp on hardware resources; transitions occasionally lead to graphical slowdowns, especially with the Switch undocked. Parenthetically, the Animal Crossing-type synthesized tones emitted during conversations can take some getting used to.

In the final analysis, Little Town Hero provides value well beyond its $24.99 price tag. It certainly lives up to its name; designed as a deck builder in RPG clothing, it figures to keep gamers immersed for a good 15 hours or so. Oozing with humor and charm, it both provides substance to Game Freak’s Gear Project enterprise and makes the wait for the release of Pokémon Sword and Shield next month all the more worthwhile.

THE GOOD:

• Complex, but not complicated, combat system

• Outstanding audio-visual presentation

• Offers good value for money

THE BAD:

• Battles can take a while

• Forced animations wear out their welcome

• Occasional graphical lags

RATING: 8.5/10

POSTSCRIPT: Don’t be fooled by the name. FUZE4 may carry the title of an adrenaline-pumping racer or futuristic action romp, but it’s neither. In fact, it isn’t even a game. Rather, it’s a tool for coding games, and, as described in Nintendo’s official site, “designed and developed by a team of experienced gamers, programmers, artists, and educators. The end result is a language ideally suited to coding games and apps for absolute beginners and seasoned programmers alike.” In other words, it’s not out to provide quick fixes for those unable to stop fidgeting in their seats for long periods at a time.

FUZE4 isn’t cheap. At $39.99, it comes off as a Nintendo eShop offering that requires careful consideration prior to purchase. For those serious in their intent to learn — or further expand their knowledge — about the intricacies of game programming, however, it promptly exposes itself as a decided bargain; on tap are a thousand dollars’ worth of assets that can be used to create two- and three-dimensional models for gaming content across a variety of genres. The interface is both intuitive and well-designed, with support for Joy-Con, touchscreen, and even keyboard inputs. And, most importantly, it features tons of support for newbies; tutorials and on-the-fly references replete with explanations and examples are easily accessible.

Needless to say, there’s a learning curve even for the resolute and well-prepared. On the other hand, FUZE4 does an excellent job of starting slow, and then of escalating the transfer of knowledge, and always at the users’ pace. Actions and accompanying texts of code are first shown, followed by the requirement of simple commands to get objects to move on the screen, and then of inputting changes to existing programming to see their effects.

Make no mistake. FUZE4 can, and likely will, be daunting. There can be no sugar-coating the effort needed to progress. That said, the possibilities are endless. The extent of the imagination is the only limit, and, in this regard, the key is not to see the absorption of information as a means to an end, but also as an end in and of itself. (8.5/10)

As a turn-based role-playing game with a grandiose storyline, Battle Chasers: Nightwar appears more fit for consoles or personal computer systems. All the same, Handy Games succeeds in porting the iteration of noted artist Joe Madureira’s fantasy comic-book series over to iOS devices without hardly any noticeable compromises. It certainly starts off big, with an engrossing cinematic setting up the premise. Principal protagonist Gully and airship mates Garrison, Calibretto, Red Monika, and Knowlan find themselves stranded in a mysterious island after being shot down by unknown forces. A wealth of mana in the area subjects them to hordes of enemies, and their efforts to stay alive while finding out the reasons for their predicament form the crux of the narrative.

Controls and feedback are slick and fast on both mobile phone and tablet. Battle Chasers: Nightwar requires movement over a significant area, and screen taps along the overworld and inside dungeons are nothing if not responsive. Random encounters during exploration phases or specific quests abound, and difficulty spikes can be jarring. Thusly, grinding becomes a must in order for the characters to level up their skills and abilities. And while only three at a time can participate in combat, all will have to be in the rota to keep the party balanced. Battle gauges fill up to unlock on demand individual and group attacks that magnify their power.

On the whole, Battle Chasers: Nightwar packs a wallop, featuring an art style that stays true to its source material, a soundtrack that succeeds in setting the proper moods, and tons of action within a compelling plot that ties everything together. And it’s technically efficient as well; graphical options abound, allowing gamers to go for high-resolution settings under optimal conditions or select lower ones to prolong battery life. In any case, they can save their progress, quit the game at any time, and pick up from where they left off whenever they want. In short, it’s perfect for gaming on the go. At $9.99, it comes highly recommended. (8/10)

THE LAST WORD: Call of Juarez: Gunslinger is coming to the Switch. Recently rated for the platform by the Entertainment Software Rating Board, the first-person shooter has gamers assuming the role of gunslinger Silas Greaves and using any and all sorts of weapons to upend enemies. Shootouts are highlighted by realistic gunfire, cries of pain, slow-motion effects, and large splashes of blood. Developer Techland, which acquired the rights to the Call of Juarez series last year, is gearing up for a big reveal later this week.

Google, IdeaSpace partner to boost Philippine start-ups

TECH GIANT Google is partnering with IdeaSpace, the largest and longest-running early-stage start-up accelerator in the Philippines, to help tech entrepreneurs and improve the country’s startup ecosystem.

Google said in a statement on Monday that through its Google Developers Launchpad, which operates a global acceleration program for startups, it will be working with IdeaSpace “to top accelerators around the world to leverage their best practices and resources.”

The partnership will allow IdeaSpace to access Google’s global network, insights from the company’s Silicon Valley-based startup programs, and relevant studies.

“Google believes in empowering startup communities around the world, and helping them leverage each other for insights and resource sharing. We are thrilled to partner with IdeaSpace to support more startups and fuel the local ecosystem’s growth over the long term,” Google Philippines market lead Samuel Jeanblanc was quoted as saying in the statement.

For his part, IdeaSpace President Butch Meily said: “We’re excited to be a Powered by Launchpad partner for the Philippines, because it represents an influx of talent, knowledge, experience, and resources into the Philippine start-up ecosystem.”

“As our start-ups grow in number and mature, we need to ensure that we have the resources necessary to support their growth and development. We look forward to working with Google and our fellow Powered by Launchpad accelerators across Asia and around the world,” he added.

Google said further that through this partnership, IdeaSpace and its startup portfolio will join a growing network of “thriving independent accelerators across Latin America, Africa, Europe, and Asia.”

Last July, President Rodrigo R. Duterte signed Republic Act No. 11337, or the Innovative Startup Act, that provides tax breaks and removes barriers to the founding of start-up companies.

The law qualifies for incentives “any person or registered entity in the Philippines which aims to develop an innovative product, process, or business model.”

The incentives include full or partial subsidies for business registration, application, and permit processing costs, among others. — Arjay L. Balinbin

Arthaland Century Pacific Tower certified as world’s 1st Zero Carbon building

Arthaland Century Pacific Tower received the Excellence in Design for Greater Efficiencies certification as the world’s 1st Zero Carbon building. — COMPANY HANDOUT

By Adrian Paul B. Conoza
Special Features Writer

ARTHALAND Century Pacific Tower (ACPT), Arthaland Corp.’s flagship office development, received the Excellence in Design for Greater Efficiencies (EDGE) certification for being the world’s first Zero Carbon building, making it the first and only triple-certified green building to date.

Prior to this award, ACPT was awarded with the Leadership in Energy and Environmental Design (LEED) Platinum rating from the US Green Building Council and the Building for Ecologically Responsive Design Excellence (BERDE) 5-star rating from the Philippine Green Building Council.

EDGE is a building certification system innovated by the International Finance Corporation (IFC), a member of the World Bank Group, in an effort to meet the need for a measurable solution to provide the financial case for green buildings. According to the IFC, a project is EDGE certified when it reaches “20% less energy use, 20% less water use, and 20% less embodies energy in materials compared to a base case building.” Moreover, the EDGE Zero Carbon certification recognizes a building with at least 40% energy savings and 100% renewables on-site or off-site.

In a statement, Arthaland said the premium office tower in Bonifacio Global City (BGC), Taguig is projected to achieve 45% in energy savings, 64% in water savings, and 34% in embodies energy in materials, exceeding the standards set by EDGE.

Furthermore, according to Arthaland, the 30-storey office tower uses 100% hydroelectric energy supplied by the Pantabangan-Masiway Hydroelectric Plant of First Gen Corporation. ACPT’s energy-saving features include higher thermal performance glass, reflective paint on the roof, efficient lighting fixtures with occupancy and daylight sensors, an energy recovery system, and a Variable Refrigerant Volume (VRV) Cooling System.

In terms of materials, ACPT used aluminium window frames, in-situ reinforced concrete slabs for the roof and floor slabs, medium weight hollow concrete blocks for the internal walls, curtain walling for external walls, and stone tiles and finished concrete floor for the flooring — all of which “have less embodied energy.”

In addition, Arthaland Chief Sustainability Officer Edgar V. Sabidong said that all the wood used in the project is certified by the Forest Steward Council.

“Usually, we cut down trees just so we can create the type of paneling that we have. A green building is very responsible. It wants nothing but a certified [type] of wood,” he explained during a tour of the building for the media.

Water-efficient water closets, faucets, and urinals are installed in the building. In place as well are water management systems such as a gray water recycling system for the collection, treatment, and reuse of water for irrigation and toilet flushing; a condensate water recovery system; and a rainwater harvesting system.

For Arthaland Vice Chairman and President Jaime C. Gonzalez, the EDGE certification places Arthaland and the Philippines in the global stage of taking the initiative to address climate change, which he finds as one of the most difficult challenges in the world.

During a press conference, Mr. Gonzalez said the award speaks much of what a developer like Arthaland can do regardless of its humble stature and the country’s developing state. “We’ve taken the initiative, as not [among] the largest real estate companies in a developing country, to tell everyone in the world that each one of us has got something to contribute if we will address [climate change],” Mr. Gonzalez said.

Meanwhile, Arthaland Executive Vice President and Treasurer Leonardo Arthur T. Po said ACPT is of particular importance to Arthaland for achieving several feats. “Not only are we engaging in a profitable endeavor by being able to charge some of the highest commercial office rates in Metro Manila, but we’re also making the working experience of people in the building better by the features that we’ve placed,” Mr. Po explained.

IFC Country Manager for the Philippines Yuan Xu, who officially turned over the certification in a ceremony on Oct. 9, noted in a statement that the EDGE certification is an “exceptional achievement for Arthaland Corporation as it continues to show the way in developing a sustainable and green model for future office developments in the country and globally.”

The next step for ACPT, according to Mr. Po, is to “look towards providing excellent service to the people that are working in the building.”

ACPT was also awarded Best Office Development in the Philippines during the recent Philippine Property Awards, and is competing for the Best Office Development in Asia and Best Green Development in Asia at the Asia Property Awards next month.

Aside from ACPT, Arthaland’s other office projects include Cebu Exchange in Cebu City and Savya Financial Center in ARCA South, Taguig, both of which will be completed by 2021.

Arthaland is also the developer of residential project Arya Residences in BGC and mixed-use development Sevina Park in Biñan, Laguna.

How PSEi member stocks performed — October 21, 2019

Here’s a quick glance at how PSEi stocks fared on Monday, October 21, 2019.

 

Lee Dong Wook woos tourists to Korea

LEE DONG WOOK requesting the jampacked crowd at the LoveKOrea Culture and Travel Fiesta event to hush and listen to the Q&A.

By Cecille Santillan-Visto

KOREAN actor Lee Dong Wook is no stranger to the Philippines. He first came to Manila 13 years ago to promote his blockbuster K-drama, My Girl, which he top-billed with another celebrity, Lee Da Hae. During his first visit, he even guested in the noontime show, Wowowee, and gamely accepted a lei from the gyrating Luningning and held the hands of Mariel Rodriguez during an interview.

His visit to Manila early this month was a bit more sober but no less exciting, with his fans trooping to the SM Megamall Fashion Hall to see the Goblin star. The event, dubbed as LoveKOrea Culture and Travel Fiesta, was among the major activities for the year of the Korea Tourism Organization Manila Office to celebrate the 70th anniversary of the diplomatic relations of Philippines and Korea.

“It has been 13 years since my last trip to Manila and I honestly wondered, ‘Will they still remember be?’ I am so happy that all of you came to welcome me,” he said through host-interpreter, Sam Oh.

“I am so happy to be celebrating with you 70 years of friendship between Korea and the Philippines and honored to be part of an event like this. I hope this will be a meaningful time for everyone,” he added.

The 37-year-old, who is also the official tourism ambassador of Korea’s Gangwon Province,  together actress Sue Ramirez, who is the appointed Korea tourism ambassador in the Philippines, encouraged Filipino tourists to visit some of the scenic spots in the Land of the Morning Calm.

He acknowledged that many Filipino visitors are more familiar with the famous destinations in Korea. However, when asked for recommendations, he suggested travelers feast on the local delicacies when in Korea.

“The Philippines is a tropical country and warm all year round. Now is a good time to visit Korea as it is fall and you can experience autumn. Later, it will get cold and there will be snow. That will also be a great experience so it’s really a good time to plan your trip to Korea,” said Mr. Lee.

Due to the popularity of Goblin, in which he co-stars with Gong Yoo of Train to Busan fame, fans have made pilgrimages to some of the drama’s shooting locations. He added that he welcomes the “positive effect” that the blockbuster hit has on Korean tourism. However, he highly recommended a trip to Gongju, a city in South Chungcheong province, which is a heritage city rich where one can immerse in Korean culture.

Aside from wooing Hallyu enthusiasts to consider Korea as their next vacation spot, Mr. Lee — who is also known for his roles in Scent of a Woman, a romantic tearjerker, Hotel King, romcom Wild Romance, and the movie, Heartbreak Library — also took the opportunity to interact with his followers by holding a press conference cum fan meeting.

Sporting long and deliberately unkempt hair for his current drama, Strangers From Hell, Mr. Lee entertained questions from both media and his supporters.

As one of the prime movers of Korean dramas worldwide, Mr. Lee said the secret why audiences worldwide continue to be enamored by K-soap operas is that the dramas “don’t stagnate.” The constant innovation has kept viewers interested and glued to their televisions, if not their mobile devices.

While already in his late 30s, he is also well-liked by young groups of K-pop fans since he was designated as the emcee of the talent survival show, Produce X 101. As host, he was given the opportunity to mentor young artists. The actor-model, who celebrates his 20th year in the Korean entertainment industry this year, said he is grateful for the chance to guide budding K-pop idols.

“Trust in your abilities as this will pull you through some of the toughest times and it’s also important to always practice,” he advised, adding that his staying power can be largely attributed to his ability to challenge himself over the years to do what may seem like difficult tasks.

He shared that there are many roles that he has not yet been able to play but he looks forward to taking on more diverse characters in future projects.

“There is much work to do but I want the fans to know that I still want to keep doing this job,” Mr. Lee said.

Lee Dong Wook is an actor who has sustained his drawing power since his first drama in 1999. He has come a long way since and is now an in-demand actor, model, and host. Audiences also look forward to his guesting in variety shows given his wit, humor and substance.

During his recent Manila visit, fans professed their love for Korean travel and culture, and the promoters have to thank Lee Dong Wook for his wonderful wooing.

How much in revenues did Metro Manila LGUs collect in 2018?

How much in revenues did Metro Manila LGUs collect in 2018?

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