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Heavyweight Brandon Vera has a big challenge in Aung La N Sang — analyst

By Michael Angelo S. Murillo
Senior Reporter

ONE Championship world heavyweight champion Brandon “The Truth” Vera makes his return to action on Oct. 13 at “ONE: Century” in Tokyo, Japan, and he is going to face a challenge he has not seen before in Asia’s largest combat sports promotion, said a fight analyst.

To take on light heavyweight champion “The Burmese Python” Aung La N Sang in the headlining fight for part two of the two-pronged Century event, ONE Championship’s landmark centenary show since 2011, Mr. Vera (16-7-1) said he chose to battle the Myanmar champion to fulfil a dream of becoming a double champion in a sport he has been doing professionally for two decades now and has taken him to different places and settings.

While Mr. Vera has made a strong claim for such a quest in his five years in ONE, local fight analyst Nissi Icasiano said he will have his work cut out for him against Aung La (25-10-1), the concurrent ONE middleweight champion.

“Brandon Vera definitely faces a huge challenge in Aung La. This will be the first time that he will have to fight a quality opponent since he joined the company in 2014. He will be tested. This will not be a walk in the park. Almost all of his opponents [previously] weren’t at par with his skill set nor at least touched his resume. It’s going to be interesting how he adjusts from cutting weight at 42 years old,” said Mr. Icasiano in an interview as he touched on what Mr. Vera faces in his upcoming fight.

“Aung La N Sang is a fighter with training partners from UFC (Ultimate Fighting Championship) and Bellator. He gets to train with some of the best light heavyweights and middleweights in America so we can say he has quality,” he added.

Mr. Vera, who last fought in November last year here in Manila, said he would turn to his experience to get past the challenge that Aung La, 34, presents, picking up holes in the latter’s arsenal to take advantage of, a tack that Mr. Icasiano views as a “double-edged sword.”

“Experience is a double-edged sword for me. To me, it’s all about the quality of opponents that you’ve faced. Vera is yet to fight a quality foe from 2014 to 2019. That is five years, so we really can’t tell if he’s still high caliber because he’s yet to be tested. Another factor is the fact that Vera is yet to make it out of the first round. Five years is half a decade, a lot of things could’ve changed during those five years,” the analyst said.

“Vera only has a height advantage in every criteria. He only has size. When it comes to chin, Aung La has chin. In my opinion, the real favorite in this fight is Aung La N Sang, not Brandon Vera,” Mr. Icasiano added.

Mr. Icasiano was quick to say though that he is not counting out Mr. Vera outright versus Aung La N Sang but the Filipino-American fighter should bring his A-game come fight night lest he find himself stopped by the Burmese Python.

ONE: Century will be carried live locally by both ESPN5 and Cignal, and ABS-CBN Sports and iWant Sports.

Part one of the event, headlined by the women’s atomweight title clash of champion Angela “Unstoppable” Lee of Singapore and strawweight champ “The Panda” Xiong Jing Nan begins at 8 a.m. with part two, bannered by the Aung La-Vera title clash, starts at 4 p.m.

Blazers stop telling skid with win over EAC Generals

THE College of Saint Benilde Blazers put an end on to their telling skid in National Collegiate Athletic Association Season 95 on Tuesday with a 62-56 victory over the Emilio Aguinaldo College Generals in league action at the FilOil Flying V Centre in San Juan City.

Losers of their last six games previously, the Blazers (7-8) gave their slowly flickering Final Four hopes fresh life with the victory while sending the Generals (3-13) to their 13th defeat in 16 matches.

Yankie Haruna led the way for CSB in the win with 16 points, followed by Justin Gutang with 12.

Edward Dixon finished with seven for the Blazers, who, as of this writing, was at joint fifth place with the Mapua Cardinals (7-8), a game and a half behind the fourth-running San Sebastian Stags (8-6).

For EAC it was JP Maguliano who led with 12 points, followed by JC Luciano and Marwin Taywan with 11 points each.

The two teams had it tight in the opening two quarters with EAC getting the number of CSB, taking the first and second frames, 14-13 and 32-31, respectively.

In the third quarter, the Generals continued to hold control before the Blazers made a strong finish to speed to a 52-44 advantage heading into the final canto.

The teams struggled to get their offense going in the payoff period but the Generals made a last-ditch effort to rally back.

They fell short, however, as the Blazers did just enough to hold on and book the skid-stopping victory.

CSB next plays on Oct. 15 against the Jose Rizal University Heavy Bombers while EAC faces off with the Arellano Chiefs on Oct. 11. — Michael Angelo S. Murillo

Gymnast Yulo second Filipino to qualify for Tokyo Olympics

Gymnast Carlos Edriel Yulo will compete in the 2020 Tokyo Olympics after qualifying via the 49th FIG Artistic Gymnastics World Championships in Stuttgart, Germany, on Tuesday. — PSC-POC MEDIA GROUP

THE Philippines has a second qualifier for the 2020 Tokyo Olympics in male gymnast Carlos Edriel Yulo.

Competed at the 49th FIG Artistic Gymnastics World Championships in Stuttgart, Germany, on Tuesday (Manila time), Mr. Yulo, 19, was among the gymnasts who made the cut for the quadrennial sporting spectacle.

He finished 18th in the all-around performances and earned a spot in the finals later this week but is already assured of a berth in the Summer Games happening from July 24 to Aug. 9 next year.

Mr. Yulo garnered 82.164 points with Russians Nikita Nagornyy (87.333) and Artur Dalaloyan (86.531) taking the top two and Chinese Ruoteng Xiao (85.831) taking third.

The Filipino had his best outing in floor exercise where wound up at seventh place with a score of 14.633 points.

By qualifying, Mr. Yulo joins pole vaulter Ernest John Obiena as the only Filipinos so far who will see action in the Tokyo Games. — Michael Angelo S. Murillo

NLDS: Cardinals, Nationals force Game 5

LOS ANGELES — Yadier Molina’s 10th-inning sacrifice fly lifted the St. Louis Cardinals to a 5-4 victory over the visiting Atlanta Braves on Monday and sent their National League Division Series (NLDS) to a decisive fifth game.

The series will conclude Wednesday in Atlanta, with the winner advancing to meet the Los Angeles Dodgers or the Washington Nationals in the NL Championship Series.

Molina tied the game 4-4 with his eighth-inning RBI single, then decided it in the 10th by driving home Kolten Wong from third base with his fly ball to left field.

Miles Mikolas (1-0), the eighth Cardinals pitcher, pitched one scoreless inning for the victory. Julio Teheran (0-1), the seventh Braves pitcher, took the loss by allowing one run in two-thirds of an inning.

NATIONALS 6, DODGERS 1
Ryan Zimmerman hit a three-run homer, Anthony Rendon drove in three runs, and Washington Nationals pulled away for a win over visiting Los Angeles Dodgers in Game 4 of the NL Division Series.

Washington evened the best-of-five series at 2-2 and forced a decisive Game 5 on Wednesday night in Los Angeles. Both teams have won one game at home and one game on the road.

Max Scherzer (1-0) stymied the Dodgers over seven quality innings on short rest. He gave up one run on four hits while walking three and striking out seven. Dodgers reliever Julio Urias (0-1) gave up three runs on three hits while recording only two outs.

RAYS 10, ASTROS 3
Charlie Morton overcame an early home run by Jose Altuve to pitch five effective innings, and Kevin Kiermaier gave Tampa Bay Rays the lead for good with a three-run homer, helping them stay alive in the American League Division Series with a win over Houston Astros in St. Petersburg, Fla.

The Rays narrowed the Astros’ lead in the best-of-five series to 2-1, with Game 4 also scheduled for the Rays’ home field on Tuesday.

Coming off a win at Oakland in the AL wild-card game last Wednesday, Morton served up a homer to Altuve on his eighth pitch Monday.

Morton didn’t give up another run, and he yielded three hits and two walks while striking out nine. Ji-Man Choi, Brandon Lowe and Willy Adames hit solo homers for Tampa Bay, which pounded Astros starter Zack Greinke for six runs in 3 2/3 innings. — Reuters

Unbeaten 49ers crush Browns

SANTA CLARA, CA — Matt Breida set the tone with a long run as part of his 114-yard night, and the San Francisco 49ers dominated the visiting Cleveland Browns in a 31-3 victory Monday in Santa Clara, California.

Teammate Tevin Coleman added 97 yards on the ground. San Francisco quarterback Jimmy Garoppolo completed 20 of 29 passes for 181 yards and two touchdowns.

The 49ers (4-0), the only unbeaten team in the NFC, held Cleveland to 180 total yards. San Francisco defensive end Nick Bosa recorded two sacks.

Quarterback Baker Mayfield threw for 100 yards, completing just 8 of 22 throws for the Browns (2-3), who committed four turnovers. For Mayfield, a second-year pro, it marked his first career start without a passing touchdown. He was intercepted twice.

Breida ripped off an 83-yard touchdown run on the 49ers’ first offensive snap on the first of his 11 carries. He also scored on a 5-yard pass from Garoppolo later in the first quarter.

San Francisco rushed for 185 first-half yards, so it didn’t matter that Garoppolo had thrown for only 46 yards.

Mayfield was intercepted and lost a fumble in the first 11 1/2 minutes before he completed a pass.

The 49ers failed to convert after the second of those turnovers when Robbie Gould’s 47-yard field-goal attempt drifted wide right.

Cleveland broke through early in the second quarter, with a 10-play drive resulting in Austin Seibert’s 30-yard field goal.

Mayfield had 80 passing yards in the first half. — Reuters

Coming along

In the first two conferences of the ongoing season of the Philippine Basketball Association the NLEX Road Warriors had it rough, failing to advance to the playoffs and unable to win more than four games each time.

The Road Warriors, however, are coming along in the currently running Governors’ Cup and actually making a strong case as a team to contend with in the season-ending PBA tournament.

As of this writing, NLEX is sporting a 4-1 record which could have easily been 5-0 if not for a narrow 98-94 loss to the San Miguel Beermen in Dubai last week.

The record it has right now tied its total wins in the Philippine Cup (4-7) and surpassed what it had in the Commissioners’ Cup (3-8).

No doubt about it, what is doing it for the Road Warriors this time around is that it is now a “fully functioning” team able to put up a sustained fight.

In the previous two conferences they did compete and left everything on the floor but for one reason or another simply could not keep it up for much of the time and go over the hump.

Having coach Yeng Guiao and erstwhile missing player Kiefer Ravena back has certainly done wonders for the team.

With Coach Yeng around full time after doing double duty with Gilas Pilipinas previously, the Road Warriors are moving with better direction.

Not that the NLEX deputies did a horrible job while Coach Yeng was away, but with the head coach back in harness and steering the team, it obviously has a firmer grip of what it has in its arsenal and what it wants to get from each and everyone in the roster — enhanced by that incendiary Guiao style of coaching.

And it is hard to argue with the result so far.

Ravena, out for some 18 months because of the suspension slapped on him by FIBA for testing positive for a prohibited substance found during the FIBA World Cup Qualifiers which was blamed on a pre-workout drink he took, has been a boon to NLEX in his return, further shoring up its backcourt.

To date, Ravena has been all-around for the Road Warriors in the Governors’ Cup with numbers of 18.6 points, 9.4 assists, 7.2 rebounds and 1.4 steals per contest. Player of the conference-worthy? You bet!

His steady stellar play has worked well with those of backcourt mates Philip Paniamogan (11.6 ppg), Kenneth Ighalo (9.6 ppg), Jericho Cruz (8.6 ppg) and Larry Fonacier (6.2 ppg).

Complementing well the play of their backcourt are the frontliners led by import Olu Ashaolu.

The returning NLEX reinforcement has fitted well in the system of Coach Yeng.

While not as flashy and explosive as the other imports in tow, Ashaolu is a workhorse who provides what the team needs and in some cases at the most opportune of times at that.

He is averaging 22.6 points, 12.2 rebounds and three assists per game but his impact definitely goes beyond those numbers. Having him come early to train with the team has also gone a long way.

JR Quiñahan (11.4 ppg) and Poy Erram (11 ppg and 2 bpg) have also been delivering accordingly for the team with upside still there, particularly the latter who is making his way back from an arm injury suffered in their tournament opener against the Phoenix Pulse Fuel Masters.

Collectively the Road Warriors, too, are determined to shed that underachieving ways they have had of late, something that should serve them well not only in the ongoing tournament but beyond as well.

At the current rate things are going, NLEX should be there in the mix come the playoffs with the potential to go deeper.

A sea-change alright in the Governors’ Cup for the Road Warriors; something I am sure their supporters are basking in.

 

Michael Angelo S. Murillo has been a columnist since 2003. He is a BusinessWorld reporter covering the Sports beat.

msmurillo@bworldonline.com

No Redskins savior

Nope, the Redskins didn’t fire coach Jay Gruden due to an inability to speed up the growth process of rookie quarterback Dwayne Haskins. For all the obvious expectations that come with being drafted 15th overall, he continues to be a raw commodity that figures to be spoiled if rushed to produce. And forget about the bullishness of the front office in regard to his potential; Daniel Snyder may be the reason he was plucked from Ohio State after just 14 starts, but even the franchise owner knows the value of patience. No doubt, it’s also preached because of the way he performed well below par in relief last week.

To argue that Haskins stunk up MetLife Stadium would be an understatement. He came in with the Redskins two touchdowns behind midway through the second quarter, and then proceeded to craft what looked to be a good series with two good passes and a nifty scramble under pressure. Unfortunately, he couldn’t finish the job; considering that he had three opportunities to do so from the one-yard line, winding up with a field goal was disappointing at best. And, once the adrenaline wore off, his inexperience showed; everything went downhill from then on.

Haskins would finish the game with a poor nine-of-17 line, including three interceptions, for 107 yards all told. He was also sacked twice en route to posting an abhorrent 26.1 quarterback rating in the 24-3 loss to the Giants. He simply lacks the wherewithal to perform under the klieg lights, and if there’s anything Gruden was guilty of in regard to his progress, it was, in fact, rushing him to the field. The good news is that the Redskins are prepared to go the long route with him, their evident win-now predilections notwithstanding. Interim coach Bill Callahan has even gone on record to note that he could be inactive on game days.

Meanwhile, Haskins is doing all he must do to justify the Redskins’ faith in him. He goes through separate workouts before and after team meetings, not to mention breaks down footage of relevant action with coaches and by himself. As to when his efforts will finally lead to a start is anybody’s guess. “He still has a ways to go,” Callahan acknowledged. “His development is very, very important. There is a very good plan in place for that to happen.” That said, he’s only part of the solution. The rest is up to the very front office that drafted him, and that has seen more than its fair share of futility. He’s no savior, even at his best.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and Human Resources management, corporate communications, and business development.

An Ode to Banaue

Look through the lens of the late master photographer, John K. Chua

They say a picture is worth a thousand words – a captured moment can evoke feelings and a photo of a well-loved place can bring back treasured memories. From September 29 to December 1, find a chance to see the beauty of Banaue in a different light, through the magic eye of renowned photographer, John K. Chua in “Falling in Love with Banaue and Beyond,” a photo exhibition at the FoGuang Yuan Manila Art Gallery.

From breathtaking photos of the Banaue Rice Terraces to moving portraits of the locals, the exhibit features moving pictures of family and community living, rituals, as well as ethnic games taken by the photographer from 1970 to 2015.

The late John K. Chua was one of most respected photographers in the country known for his technical expertise and taking on challenging photo shoots. For more than four decades, he has worked with different clients, shot a variety of subjects, and cemented his place as a top-notch architectural, commercial, and advertising photographer. An adopted son of Banaue, Chua devoted his life to documenting Ifugao culture and teaching photography to kids battling cancer as well as to children with autism.

The award-winning advertising photographer was also an advocate for people with disabilities. He organized Photography with a Difference, among many other initiatives, and taught photography to the visually impaired through the Photography Beyond Sight program.

Falling in Love with Banaue and Beyond is organized by the FoGuang Shan Mabuhay Temple in partnership with the FoGuang Yuan Manila Art Gallery. The exhibit will open on September 29, Sunday (by invitation only) at 2:00PM and will run until December 1, 2019. The FoGuang Yuan Manila Art Gallery is located at 656 P. Ocampo Street, Malate Manila and is open from Tuesday to Sunday, 10:00AM to 5:00PM.

FX buffer strengthens to record high as of Sept.

GROSS international reserves (GIR) — which shield the country from liquidity shocks — strengthened to a record high by end-September, as the national government’s bigger foreign currency deposits offset NG payments for servicing foreign exchange obligations, the Bangko Sentral ng Pilipinas (BSP) said on Monday, citing preliminary data.

GIR totaled some $86.163 billion as of September, edging up by 0.15% from end-August’s $86.031 billion and 15% bigger than the year-ago $74.939 billion.

It was the biggest amount on record.

COMPONENTS
The gold reserves component of the GIR steadied at $8.016 billion from end-August but was bigger than the year-ago $7.577 billion, while gains from the BSP’s investments abroad — which accounted for bulk of reserves — slipped to $73.44 billion from end-August’s $73.522 billion but were still bigger than the $59.851 billion recorded the past year.

Foreign currency deposits grew to $2.978 billion from end-August’s $2.761 billion but were down from the year-ago $5.842 billion.

Reserves with the International Monetary Fund (IMF) slipped to $561.4 million from end-August’s $563.3 million but were still bigger than the $483.4 million recorded a year ago.

Special drawing rights — or the amount which the Philippines can tap from the IMF’s reserve currency basket — steadied at $1.168 billion from end-August but slipped from the year-ago $1.186 billion.

The end-September GIR was equivalent to 7.5 months worth of imports of goods and payment of services and primary income, the BSP said in a press release accompanying the data.

It was also equivalent to 5.4 times external debt falling due within 12 months and 3.9 times such short-term debt plus principal payments on medium- and long-term loans of the public and private sectors falling due within 12 months.

Net international reserves, which refer to the difference between the BSP’s GIR and total short-term liabilities, increased by $130 million to $86.15 billion as of end-September from end-August’s $86.02 billion. — L. W. T. Noble

Off to strong start, Axelum yields to mart’s weakness

By Arra B. Francia
Senior Reporter

SHARES in coconut products manufacturer Axelum Resources Corp. fell by 6.2% on the company’s first day of trading, failing to hold on to early gains as it reflected the general weakness in the local bourse.

Axelum closed 31 centavos lower at P4.69 on Monday, despite opening 5.8% or 29 centavos higher than its P5 offer price at P5.29. It went down to as low as P4.19 apiece intraday, against its P5 offer price during the initial public offering (IPO).

“I don’t think we can expect more considering how turbulent the times are,” Axelum Chairman and Chief Executive Officer Romeo I. Chan said in a press briefing after the company’s listing ceremony at the PSE headquarters in Bonifacio Global City.

This compares to the 0.27% drop of the Philippine Stock Exchange (PSE) index to close at 7,683.22 yesterday, amid jitters due to signs of slowing global growth. The industrial sectoral index — under which Axelum shares are now listed — was one of the three of six counters that ended in the red, dropping 16.37 points or 0.15% to 10,460.89.

‘NOT TO WORRY’
“But not to worry because Axelum is a long-term play, the fundamentals are very sound. We’ve been doing very well in the past 33 years and we expect it to continue doing well,” Mr. Chan said.

Axelum listed its shares on the main board of the PSE under the ticker “AXLM,” after raising P4 billion from the sale of 700 million primary common shares and 100 million shares held by Singaporean private equity firm CP Compass Singapore Pte. Ltd. Its market capitalization stood at P20 billion after listing.

“The PSE certainly welcomes the addition of Axelum to our roster of listed firms and takes particular pride in having a company that provides customized products to globally known food brands,” said PSE Chairman Jose T. Pardo said in his speech during the listing ceremony.

First Metro Investment Corp., which acted as the transaction’s sole issue manager, bookrunner, and joint lead underwriter, said the offer was “fully subscribed.”

“The company raised the amount that it wanted. So what the company needs for all its plans, it’s fully funded,” First Metro Executive Vice-President and Investment Banking Head Daniel D. Camacho said in the same briefing.

Sought for comment, Unicapital Securities, Inc. Technical Analyst Cristopher Adrian T. San Pedro said the company held its debut at a bad time. “The IPO was a bad timing in a volatile market environment which is on a downtrend bias. I believe most retail investors sold as their trail stops were hit after the shares of Axelum went below P5 per share IPO price,” Mr. San Pedro said in a mobile phone message.

Philstocks Financial, Inc. Research Associate Japhet Louis O. Tantiangco said enticing investors will remain a challenge for other companies that will conduct their IPOs this year. “Company fundamentals will play a crucial role. This will be their main tool in stimulating investors’ appetite amid the general market pessimism,” Mr. Tantiangco said in a separate text message.

Firms that have yet to secure approval for their respective IPOs include Metro Pacific Hospital Holdings, Inc. (P83.3 billion), Cal-Comp Technology (Philippines) Inc. (P10.7 billion) and Fruitas Holdings, Inc. (P1.2 billion).

Asked on future plans, Axelum President Henry J. Raperoga said the company recently signed a contract worth $1.3-1.5 million for the supply of 170 metric tons of coconut milk powder for an international skin care company.

Axelum will also set up a coconut water concentrate plant worth P150-200 million.

“That is one way of turning into revenue the coconut water we’re not actively processing right now,” Mr. Raperoga explained.

Bulk of the fresh capital raised from the IPO will be used to expand the company’s domestic and international distribution networks, build new manufacturing facilities for new products and improve existing manufacturing facilities.

The company will also acquire firms to expand production, with Mr. Chan saying that it is in advanced stages of talks for deals in the Philippines, and in early stages of negotiations for a firm in Vietnam.

Axelum’s main production facility is located in Medina, Misamis Oriental, with two distribution facilities in the United States and Australia. It is one of the major suppliers of coconut water brand Vita Coco, and also serves international brands such as The Hershey Co., Nestlé, Unilever, Ferrero, General Mills, Campbell’s, Quaker, and ConAgra Foods, among others.

Revival of nuclear energy program faces uphill battle

By Charmaine A. Tadalan
Reporter

IT WILL TAKE YEARS to revive a nuclear energy development program due to inadequate laws, skills and infrastructure, even as the country scrounges for more energy sources to support its fast-growing economy, a senator and an expert said on Monday.

Senator Sherwin T. Gatchalian, chairman of the Senate’s Energy committee, said Philippine laws are inadequate for the development of this form of energy, with the head of the Philippine Nuclear Research Institute (PNRI) citing the need first for a comprehensive nuclear energy law.

“We have to be very cautious in moving forward because kulang pa tayo sa mga batas at kulang pa tayo sa mga framework (We still lack laws and a framework),” Mr. Gatchalian told reporters in a briefing, Monday.

He advised the government to take extra precaution to ensure safe construction and operation of nuclear plants.

He noted that there are no laws that will regulate nuclear energy development, including proper disposal of nuclear waste.

President Rodrigo R. Duterte in his visit to Russia last week closed an agreement to explore the possibility of nuclear energy development. Mr. Duterte said in his Sunday arrival briefing that he plans to consult the Cabinet on the agreement.

Sought for comment, PNRI Director Carlo A. Arcilla said much remains to be done to lay the groundwork for revival of the country’s nuclear energy program.

“I agree with Senator Gatchalian: we haven’t yet approved the comprehensive nuclear law which will guarantee an independent regulator,” Mr. Arcilla told BusinessWorld in a telephone interview on Monday.

A measure providing for a nuclear regulatory framework nearly hurdled the 17th Congress, after it secured third-reading approval in the House of Representatives, but remained pending second-reading approval in the Senate.

Mr. Arcilla also said lawmakers will have to review Republic Act No. 9136, or the Electric Power Industry Reform Act of 2001, to incorporate provisions covering the development of nuclear energy.

Mr. Arcilla said Science and Technology Secretary Fortunato T. Dela Peña, who joined Mr. Duterte in Russia, has not yet given any instruction as regards the nuclear energy deal with Russia.

Regulations are just one of the factors that need to be considered in exploring nuclear energy development, Mr. Arcilla said.

He noted that the United Nations’ International Atomic Energy Agency (IAEA) will turn over its 19-point report on the Philippines’ readiness next month. “The INIR mission is the Integrated Nuclear Infrastructure Review basically, [whereby] the IAEA reviews each country’s readiness to go into nuclear power program, according to its 19 milestones approach,” he said. “That study… was completed and will be turned over to the Philippines in November.”

Factors considered include nuclear safety, regulatory framework, funding and financing, human resource development, legal framework, safeguards and radioactive waste management.

Mr. Arcilla cited the need to explore nuclear energy since the Malampaya gas reserve — which accounts for about 40% of supply in Luzon and a fifth nationwide — could be depleted by 2024. “There are very important reasons that the Philippines should consider nuclear energy. The main overriding one is our Malampaya gas reserves will run out in five years.”

Swearing by swine innovation

The Entrepreneur Of The Year Philippines 2019 has concluded its search for the country’s most successful and inspiring entrepreneurs. Entrepreneur Of The Year Philippines is a program of the SGV Foundation, Inc. with the participation of co-presenters Department of Trade and Industry, the Philippine Business for Social Progress, and the Philippine Stock Exchange. In the next few weeks, BusinessWorld will feature each of the finalists for the Entrepreneur Of The Year Philippines 2019.

Alvin S. Hing
Chairman and CEO

Paul T. Holaysan
President and COO

Excelsior Farms, Inc. (EFI)

PORK is integral to Filipino cuisine. This is evident in the popular selection of native pork dishes in the country.

Its high demand has turned pork into a P260-billion industry, making it the second-largest contributor to the country’s total agricultural income.

Currently, there are over 12 million hogs in the Philippine inventory, the bulk of which is still produced by traditional backyard breeders. Commercialized hog-raising might account for 35% of the country’s overall supply, but two Cebuano farmers are determined to revolutionize the local swine industry by leveraging innovative farming techniques.

Entrepreneurs Alvin S. Hing and Paul T. Holaysan were brought together by their shared vision of improving food security in the country through advanced, sustainable hog farming practices that would enhance livestock quality for breeding and consumption. Together, they founded Excelsior Farms, Inc. (EFI) in 2014, with Mr. Hing as EFI’s chairman and chief executive officer (CEO) and Mr. Holaysan as its president and chief operating officer (COO).

The Philippines consumes at least 1.5 billion kilograms (kg) of pork a year, with each Filipino consuming an annual average of 15 kg. In 2019, the country imported around 300 metric tons of pork to meet the needs of consumers. The company recognizes this gap as an opportunity for expansion, which oy can seize through modernization and by encouraging consumers to source their pork locally.

Currently EFI supplies pork to the biggest food distributors in Cebu, where the average annual consumption rate per person is 18 kg. Though the company faces high demand that constantly encourages it to increase sales, it takes pride in its consistently high-quality meat.

EFI’s farm is a modern facility located in Barangay Sacsac, Pinamungajan, Cebu. In line with its vision to leverage modern farming practices and technologies to help upgrade the local pig farming industry, it looked to scientific methods to achieve its objectives. These methods include applying various mechanisms to produce superior breeders and liquid genes, enhance the genetic stock of local swine, use a tunnel-ventilated system that keeps the pigs at a comfortable temperature, and many others.

The company sources its equipment from an international company that specializes in agriculture technology. This is to make sure that its facilities are at par with the global standards of swine farming.

At the same time, Mr. Hing and Mr. Holaysan aim to uplift the standards of pig farming by providing farmers with animals that are genetically superior through EFI’s partnership with a supplier. Throughout its five-year operation, the farm maintains at least 50 quality boars that are updated by their supplier every quarter and supplies breeders nationwide with packaged fluid for artificial insemination.

Mr. Hing explains, “There used to be a 10-year genetic gap between the pigs we’re producing locally, versus the ones in modern countries like the US. We wanted to improve the production of our farmers, so through our method, we brought down the genetic gap to two years. This resulted in pigs with improved genetics, faster growth, better equality and they can also adapt to harsher environments.”

Mr. Hing’s and Mr. Holaysan’s constant pursuit of innovation has also led them to integrate digital systems into their farming operations. They use software that enables them to constantly monitor the needs of the pigs, such as food, medicines and vitamins. At the same time, a program helps their farm manager oversee some 30 farm buildings through a single application. To keep their operations internationally competitive, EFI uses MetaFarms, a US-based software that allows it to benchmark against US and Canadian farms.

Technology also allows the company to minimize the risk of diseases, which is a major concern for any livestock operation. The company implements strict biosecurity measures to ensure the health status in the hogs. One procedure is a 48-hour downtime in a medium security area before entering the farm premises.

Despite their company’s efforts to modernize pig farming, they admit that slow adoption of automation and the challenges in Internet infrastructure in the country have been hindrances.

In reality, production has been overtaken by local demand, resulting in the need for heavy importation.

Aside from improving the quality of hogs, they also wish to give everyone access to quality education about the industry. Their advocacy is embodied in their business practices that led to the creation of the company’s aptly named core values: SWINE. It stands for Spirituality, Working together, Integrity, Nurture and Excellence. This further inspired them to establish the SWINEnovation learning center in 2018, through the collaborative efforts of their business associates. The learning center aims to contribute to the stabilization of the country’s pork supply by imparting the best swine industry practices to farmers, schools and industry stakeholders.

The learning center offers modules certified by the Technical Education and Skills Development Authority on farm management and production from breeding to harvest, facility design, genetic technology, feeds and feeding, animal health, biosecurity and operation maintenance. It also aims to interest younger generation in farming by dispelling the belief that it is a “dirty” occupation. By transforming the perception of modern farming, they hope to get more people involved in the swine business.

The two innovative modern farmers keep themselves updated on new hog-raising procedures by going to other countries to observe new methods and technology. To further improve operations, the company has also started sending its staff abroad to learn these techniques firsthand.

Mr. Hing adds, “Our advocacy is to improve the lives of our people. Aside from the numbers and the profits, our main objective is to uplift our Excelsior family. We want to educate our employees, and we want them to be able to send their kids to school. We believe that if their children can graduate from university, this will benefit the country’s economy.”

EFI’s commitment to education encompasses their outreach programs. They provide assistance to their local community by conducting livelihood trainings, and by donating school supplies to children.

Both men acknowledge that they were fairly conservative when they started EFI but agree that if they could do it all again, they would scale the business bigger.

“Our errors helped us learn.” Mr. Hing recalls. “We started Excelsior and planned it small, then it grew this big.”

To which Mr. Holaysan replies, “We cannot undo the past, we’ll just have to plan for the future.”

The official airline of the Entrepreneur of the Year Philippines 2019 is Philippine Airlines. Media sponsors are BusinessWorld and the ABS-CBN News Channel. Banquet sponsors are Global Ferronickel Holdings, Inc., Jollibee, and Uratex.

The winners of the Entrepreneur Of The Year Philippines 2019 will be announced on Oct. 15 in an awards banquet at the Makati Shangri-La Hotel. The Entrepreneur Of The Year Philippines will represent the country in the World Entrepreneur Of The Year 2020 in Monte Carlo, Monaco in June 2020. The Entrepreneur Of The Year program is produced globally by Ernst & Young.