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2020 Mazda3: The Masterpiece

Text and photos by Ulysses Ang

THERE ARE two kinds of car enthusiasts in the world. The first is content to sit behind his desk (or phone), happy to debate about numbers — curb weight, power, acceleration; the other simply says, “forget about the numbers,” gets in, buckles up, and drives off with a huge smile on his face. The 2020 Mazda3 is all about the second: it transcends what’s written in black and white; it’s simply made to be driven.

In creating the Mazda3’s new platform, engineers didn’t seek out the competition. Instead, they sought the help of psychologists and ergonomists to find out how the human body behaves, and how things like color, material, sound, and movement elicits feelings of joy and happiness. It’s come to a point that Mazda’s gotten it down to a mathematical formula; a formula so accurate that when they did decide to drive the competition, they managed to come out on top.

Now, admittedly, the first few kilometers behind the wheel didn’t feel spectacular. As a matter of fact, the ride can come across as firm, especially when going through the various cracks and potholes that dot EDSA after weeks of rain. It’s only when you drive (or ride) it some more when you realize what’s going on.

Traditionally, engineers reduce the suspension rebound to improve the ride; in the Mazda3, it’s all about controlling it. By unifying the development of the body, suspension, tires, and even seats, it reduces secondary shake and vibration to near zero. Anyone would be skeptical at first, but try this simple exercise: read the contents of the heads-up display, or as a passenger, your text message or Facebook status update — you’ll find that you actually can without getting dizzy. Why? Because the head is kept steady. It’s similar to walking — you never get dizzy when walking to the nearest third-wave coffee shop, simply because your body balances itself. It’s this sense of innate balance that the Mazda3 taps into.

This same sense of balance happens when you drive it spiritedly. Again, it’s not about power or even overcoming a power deficit against its competition; rather, it’s about predictability. In a straight line, a handful of compact cars will smoke it; heck they might even be faster around a racetrack. That said, you’ll be fighting tooth and nail for every advantage, sawing the steering wheel, or issuing an unplanned mid-corner correction. Not so with the Mazda3.

It’s all about natural progression. For one, the steering is precise and linear. Then, the chassis is also willing to rotate, with no traces of float and no excess lateral motions from the rear. It even has torque vectoring control, but unlike in other applications, it’s not here to maximize traction; rather, it’s there to smooth out cornering, specifically the transitions between roll and pitch. As a result, it’s easy to know when you’re at the Mazda3’s limit, and even when you go beyond it, it’s always easy to catch. A caveat is that the chassis engineers have done it so well that they’ve eliminated the forward pitching during heavy braking resulting in a rather wooden brake feel.

Keyboard pundits will surely zone in on the Mazda3’s power, or rather lack of it. On paper, the Skyactiv-G engine doesn’t pull off mega numbers: 154 horsepower for the 2.0-liter. In reality though, it’s pleasant and refined — perfect for the impressive NVH even at speeds in excess of 100 km/h. Dig deeper through and it’ll be more than happy to sing at wide-open throttle its entire life. The 6-speed automatic is a willing accomplice, happily revving the snot out of the engine, while staying smooth and intuitive. It always seems to know that you’re about to behave badly, and will downshift through multiple gears to keep the pace up. Paddle shifters and a Sport mode are standard, but they’re almost always unused. Interestingly, when it comes to fuel economy, the Mazda3 achieves 11.90 km/L in city traffic, and 18.5 km/L on the highway — impressive stuff.

Mechanically impressive as it is, the level of craftsmanship in the Mazda3 is simply unmatched. Everything is padded and premium-feeling — down to the consistent tactility of the switchgear, and how the perforations in the leather seats are sized and spaced to absorb NVH. Heck, engineers even considered how the human eye perceives the color white, and they took it upon themselves to torture their suppliers to make it consistent throughout the entire cabin — down to its illuminance.

Open the door, set yourself down, and the interior surrounds and cradles you, a reminder that you’re driving something unique. The seating position is low, with the cabin designed to cocoon around you. Despite the high dash and thick C-pillar, visibility is never an issue and even through tight confines, front and rear sensors and high-res 360-degree camera help. The steering wheel is squarely in front, your back supported by the seats, your hips low, and your legs slightly bent (but not bunched up). It’s posture-perfect, resulting in fatigue-free driving even after long stints behind the wheel. Even more surprising, the same supportive seat design is present for all passengers, even the rear ones. That said, those seated in the back will have to be content being squished by the lack of knee- and headroom; and that’s after getting their heads banged up upon entry.

Interior space may be tighter this time around, but on the flipside, the Mazda3 does up the premium features. Aside from the 360-degree camera, the 2.0 Premium model comes with adaptive LED headlights, rain-sensing wipers, leather seats, a sunroof, dual zone climate control, 10-way power adjustable driver’s seat with memory, 12-speaker Bose sound system, and Mazda i-Activsense which bundles radar-based Active Cruise Control, Blind Spot Monitoring, front and reverse smart brake support, and front Cross Traffic Alert — all for P1.495 million to P1.590 million.

The Internet debate will surely continue as to why Mazda opted to go with a “puny” naturally-aspirated engine or a torsion beam rear suspension, but the truth of the matter is, you shouldn’t care. Any true enthusiast will see that the 2020 Mazda3 is the result of engineers focusing on the important things, or even the smallest if you consider the cabin lighting or positioning of the speakers. In the end, it’s all about coming up with a masterpiece, regardless of the ingredients found underneath. It’s like a piece of music — anyone can assemble an orchestra, but only Mozart can create Mozart.

Chocolate maker training suppliers in halal food-handling practices, signs Malaysia deal

DAVAO CITY — MS3 Agri-Ventures Corp., which makes halal chocolate and other products, is training its cacao suppliers and processors to meet halal standards Islamic food preparation.

Neil Q. Santillan, the company’s chief executive officer and director, said the company has organized the Davao City Chocolate Processors Association to ensure the protocols are efficiently transferred.

“Our association has different clusters and each cluster were taught how to properly ferment that is halal-compliant, para at least walang (so that at least there will be no) contamination,” he told BusinessWorld in an interview.

The group also financed facilities like solar dryers and fermentation boxes that will be used by the farmers.

Kailangan naming mag-produce ng halal na pagkain kasi kakaunti lang ang nag-produce ng halal na pagkain dito sa Pilipinas (We need to produce halal food because there are not many halal producers in the country),” he said.

He added that Muslim entrepreneurs have an “obligation” to introduce halal processes “from harvest to post-harvest to end-product.”

MS3 Agri-Ventures was established as a livelihood project for overseas Filipino workers (OFWs) like Mr. Santillan, who used to be employed in Qatar.

Nagtayo kami ng (We set up the) livelihood project… as an investment of OFWs,” he said, noting that some partners are Catholics and from indigenous communities.

Nagkakaisa kami dito para makatulong sa mga (We are united here in helping the) farmers,” he said.

In July, MS3 Agri-Ventures signed a memorandum of understanding (MoU) with a Malaysian company that will market its products.

“I signed an agreement there na sila ang magtitinda sa halal na produkto na gagawin namin sa Pilipinas (That they will sell the halal products that we produce here in the Philippines),” he said.

The MoU also paves the way for a planned joint venture agreement with the Malaysian firm processing the ingredients and the finished product carrying the MS3 brand.

He added that members of the Malaysia Chamber of Commerce have visited the company’s factory in Bunawan, Davao City and some investors have offered to assist in ensuring halal compliance. — Maya M. Padillo

HK artist offers free protest-themed tattoos

HONG KONG — A Hong Kong artist is offering free protest-themed tattoos to people who want to show their support for pro-democracy demonstrations in the Chinese territory.

The geometric tattoo combines an umbrella — the symbol of 2014 street protests — with the Bauhinia flower, the floral emblem of Hong Kong.

“The idea is the umbrella is protecting the flower and Hong Kong,” Zada Lam, 28, told Reuters at his Kowloon shop where 200 people have received the tattoo since the latest protests began in June.

The city is grappling with its biggest political crisis since its handover to Beijing in 1997 and Communist Party authorities have sent a clear warning that forceful intervention is possible to quell the violence.

Protests have seem fierce clashes between police and demonstrators since the protests began over a now-suspended extradition bill that would have allowed Hong Kong people to be sent to mainland China for trial.

One customer said the tattoo is a reminder of what protesters are fighting for.

“Just like everything that happened in Hong Kong recently, it is the same as the tattoo, which is difficult to be erased,” said the customer, who declined to be named. — Reuters

Julius Baer decides to keep Kairos after strategic review

ZURICH — Lender Julius Baer has decided to keep its Italian subsidiary Kairos after completing a strategic review and as the asset and wealth manager’s performance improves, Switzerland’s third-largest listed bank said on Friday.

Julius Baer had put Kairos under strategic review after it suffered outflows on the heels of poor fund performance in 2018. It said in July it was considering options including divesting the unit, forming a partnership or keeping it and trying to improve profitability.

“Our review has clearly shown that Julius Baer is the best owner for Kairos, which offers significant potential for us to build out our position in the attractive Italian wealth management market,” European head Yves Robert-Charrue said in a statement.

“After a difficult 2018, the performance of Kairos funds in the first half of 2019 has markedly improved.”

Italy’s Mediobanca was considering acquiring Kairos.

Baer now intends to more closely align Kairos’ wealth management business serving clients based in Italy with its own, including better access to the its products and services, the bank said.

“Over the coming months, these conclusions will be developed into a detailed implementation plan to realize the further growth potential of Kairos and additional revenue synergies,” it said.

Kairos’ assets under management had more than doubled to over €9 billion ($10.03 billion) since the start of the strategic partnership in June 2013, it noted. — Reuters

Philippine property stocks may rise after Duterte’s China visit

PHILIPPINE property stocks may rebound from a seventh straight weekly loss as President Rodrigo Duterte nears the end of his trip to China with no indication that he would ban online casinos that cater to Chinese gamblers.

Based on official statements from Mr. Duterte’s meeting with Chinese President Xi Jinping, a crackdown by the Philippines seems unlikely, according to David Leechiu, chief executive officer of Leechiu Property Consultants. He expects office demand from Philippine offshore gaming operators, or POGOs, to continue to grow and drive the nation’s property market.

“It doesn’t seem like we have something to worry about given what’s happened: the things that have been said and not said,” Mr. Leechiu said in an interview in Manila on Saturday. “Because there is no anti-POGO statement and no clear policies made, it looks like the industry will keep growing.”

Investors have dumped Philippine property stocks amid concern Mr. Duterte will impose a crackdown after China said it wants the Philippines to ban all forms of online gambling that service its citizens. The Philippine Stock Exchange Property index has dropped almost 10% in seven weeks on fears a ban will result from Mr. Duterte’s meeting with Mr. Xi, and hurt office demand and home sales.

Philippine property stocks escalate fall as China seeks online casino ban

“I think POGOs will continue to expand in the Philippines unless there is a clear indication that they will pull out,” Mr. Leechiu said. “This is good for the property sector and the overall economy.”

Mr. Leechiu sees online casinos overtaking providers of outsourced business services as Manila’s top source of office demand.

He said POGOs account for 1.06 million square meters of office space, or about 9% of the nation’s 12.74 million square meters of office space, and contribute $219 million in annual rental.

The online gambling industry spends about $641 million a year in home rentals to house its 440,000 workers, who are paid $8.3 billion in annual salaries, he said.

Should a ban materialize on POGOs serving China, the property sector will get hurt but won’t crash, Mr. Leechiu said. POGOs pay a security deposit equivalent to 12 to 24 months of rent, giving landlords a buffer should they pull out. The offices they lease are mostly located in prime areas which can be rented out to call centers and business process outsourcing companies, he said.

China accounts for as much as 70% of the Philippine offshore gaming sector, while the rest cater to other markets including Macau, Singapore, Malaysia, Japan and the US, he said.

“The POGO industry will buy some time for the property market,” Mr. Leechiu said. “If this will be switched off, we will get hurt. It will be painful but it won’t be a disaster. We will see a soft landing.” — Bloomberg

Brazil meat packers cleared to export beef to Indonesia

SAO PAULO — Indonesia has authorized beef exports from 10 Brazilian meat-packing plants, Brazil’s agriculture minister said in a statement late on Wednesday.

The plants have the potential to export at least 25,000 tonnes of beef products, Minister Tereza Cristina Dias said in the statement, without elaborating.

The authorization came after Dias held talks with Indonesian Agriculture Minister Amran Sulaiman in May as part of a tour of Asian countries to open new markets for Brazilian farm products.

Five of the authorized plants are operated by Minerva SA, the company said in a securities filing on Thursday. In 2018, Indonesia imported approximately 150,000 tonnes of beef, with Australia accounting for around 40% of that volume, the company said.

Brazil, home of Minerva and other large meat processors like JBS SA, BRF SA and Marfrig Global Foods, is the world’s largest exporter of chicken and beef. The country provides some 20% of total global beef exports, according to the USDA.

It is also the fourth-biggest global supplier of pork.

The South American country is expected to continue growing beef exports in the coming years, reaching 23% of the world’s total beef exports by 2028, USDA projections show. — Reuters

Hyundai 7-month sales close in on 20k mark

HYUNDAI ASIA RESOURCES, Inc. (HARI), the official distributor of Hyundai vehicles in the Philippines, sold 19,790 units in the first seven months of 2019 equivalent to a 2% growth versus the 19,478 sold in the same period last year.

The South Korean vehicle brand’s resilient performance for the year can be attributed to strong sales in major segments of its business, namely Light Commercial Vehicles (LCV) and Commercial Vehicles (CV). Its Passenger Car (PC) business continued to be fueled by its flagship Accent and the Reina, which was launched early this year.

“This year has been challenging for the automotive industry but Hyundai’s modest growth reflects its resilience and strong brand anchored on reliable and comfortable vehicles, superior customer service, and continuing programs to ensure worry-free ownership,” HARI President and CEO Ma. Fe Perez-Agudo said.

“With key programs in the pipeline, we aim to end the year strong,” Ms. Agudo added.

The LCV segment grew by 28% in the first seven months of 2019 to 8,645 units. The globally awarded Kona is now one of the best-selling crossovers in the market with sales increasing by 474% over the period to 2,455 units. The versatile H-100 van, which has numerous applications including cargo van, ambulance, modern jeepney, refrigerated van, dropside truck, and wing van, remains the largest contributor to this segment with 3,860 in sales equivalent to a 64% growth year-to-date.

Sales in the PC segment decreased by 15.4% to 10,565 year-to-date July as the market continues to shift to crossovers and SUVs from compact and midsized sedans. Despite this, the market remains strong for subcompact sedans, as evidenced by sales of the Reina and the Accent, which accounted for more than half the sales of the company for the period, totaling 10,189 units. The venerable Accent continues to be the company’s No. 1 selling vehicle due to its styling, power, and fuel efficiency in a compact package.

The CV segment continues to be a key growth driver with sales growing by 140% in the first seven months of the year compared to the same period in 2018. CV sales hit 580 units driven by increased economic activity, especially from small-to-medium enterprises (SMEs).

“We expect higher demand for Hyundai vehicles over the medium term as we see lower inflation and interest rates. While others are taking a wait-and-see position, we are pushing ahead with our expansion programs which include the opening of three new dealerships in central and northern Luzon over the next few months,” Ms. Agudo added.

The Hyundai Accent’s well-known fuel-efficiency, value, and safety features have made it a favorite among Filipino consumers. Like other Hyundai vehicles, it is composed of Advanced High Strength Steel (AHSS) which is lighter and stronger than the usual steel used in other cars. It is likewise covered by a 5-year Unli-mileage warranty.

SM Women Plus collection follows the trends

SM Woman Plus does three of fashion’s biggest trends, turning classic themes into of-the-moment pieces that still withstand seasons.

• BLACK AND WHITE. This non-color fashion duo is a classic and here are some tips on wearing it: elongate legs instantly with a pair of black pants; use optical illusions to your advantage — one can achieve a glass-shaped figure by cinching a black and white dress with a slim black belt; freshen up a black and white look by topping it off with a dark denim jacket; and make black and white separates pop with a crisp white top.

• DENIM. Fashion’s legendary neutral fabric, denim offsets just about any piece in a wardrobe, and is acceptable in just about any function if styled correctly. Monochromatic denim isn’t all about blue — pair green denim overalls with a green tee and green denim jacket; add a feminine touch to a denim pencil skirt with a ruffled cold-shoulder top; and make a denim-on-denim outfit look fresh by pairing different denim washes.

• PASTELS AND NEUTRALS. Big girls can wear light colors including muted pastels and nudes. Don’t even worry about logically matching colors as these pretty tones have a way of sorting (and styling) themselves out.

Yields on government debt end flat ahead of PHL data

YIELDS ON government securities (GS) traded in the secondary market were flat last week as market players await inflation data due for release on Thursday.

GS yields dipped by an average of 0.3 basis point (bp) week on week, according to the PHP Bloomberg Valuation Service (BVAL) Reference Rates as of Aug. 30 published on the Philippine Dealing System’s website.

The secondary market saw mixed movements in terms of yields. At the short end of the yield curve, the 91-day Treasury bills (T-bill) went down by 0.6 bp to fetch 3.319%. Meanwhile, the rate of the 182- and 364-day T-bills went up by 4.1 bps and 0.8 bp to yield 3.518% and 3.687%, respectively.

At the belly, all tenors rallied except for the two-year debt paper, which saw its yield edge up by 0.7 bp to 3.904%. On the other hand, rates of the three-, 4-, 5-, and 7-year Treasury bonds (T-bond) went down by 0.2 bp (3.992%), 0.3 bp (4.083%), 0.1 bp (4.173%), and 0.4 bp (4.322%), respectively.

At the long end, yields on the 10-, 20-, and 25-year T-bonds went down by 1.9 bps, 2.1 bps, and 3.8 bps to 4.459%, 4.813%, and 4.79%, respectively.

“Most local interest rate benchmarks were slightly lower week-on-week…amid market expectations on further easing of the latest inflation data for August to one-percent levels (from 2.4% in July), as well as reiteration by local monetary authorities about a possible cut in local policy rate by 0.25 percentage points for the rest of 2019 and a possible cut in the reserve requirement (RRR) of large banks anytime soon,” Rizal Commercial Banking Corp. economist Michael L. Ricafort said in an e-mail.

“Stronger peso exchange rate versus the US dollar recently also supported the latest easing in most PHP BVAL yields,” Mr. Ricafort added.

Mr. Ricafort said lower global bond yields and a possible interest rate cut by the US Federal Reserve at its own policy meeting this month “also supported the latest slight week-on-week declines in local interest rate benchmarks.”

Bangko Sentral ng Pilipinas (BSP) chief Benjamin E. Diokno last week said the central bank is looking at cutting benchmark interest rates by another 25 bps before the end of the year.

The central bank has cut benchmark interest rates by a total of 50 bps so far this year — by 25 bp each on May 9 and Aug. 8 — to 4.25% for the overnight reverse repurchase rate, 4.75% for overnight lending and 3.75% for overnight deposit, partially dialing back the 175-bp cumulative hikes triggered last year by successive multi-year high inflation that peaked at a nine-year high.

Meanwhile, Mr. Diokno earlier said another cut in banks’ reserve ratio could happen anytime towards the next policy review on Sept. 26 — the sixth for the year. He had said that the Monetary Board’s consensus is to “pre-announce” plans for the RRR on a quarterly basis.

The RRR now stands at 16% for big banks and six percent for thrift banks after the phased 200-bp cut implemented after an off-cycle meeting last May. The RRR of rural and cooperative lenders was also cut to four percent from five percent effective May 31.

The central bank chief is committed to bring down the reserve requirement down to single digit when he ends his term in 2023.

Meanwhile, in an e-mail to reporters last Friday, the BSP’s Department of Economic Research said it expects inflation in August to settle within the 1.3-2.1% range due to lower fuel, rice, and power prices. This compares to the 2.4% inflation rate logged in July and 6.4% in August last year.

The lower end of the BSP’s estimate matches the 1.3% print logged in June, July, and August 2016 and will the slowest reading since the 0.9% clip posted in May 2016. Meanwhile, the upper end of the forecast range is equal to November 2016’s 2.1% pace and would be the slowest since October 2016’s 1.8%.

A BusinessWorld poll of 12 economists late last week yielded a median inflation estimate of 1.8% for August, settling above the midpoint of the 1.3-2.1% forecast range provided by the BSP’s Department of Economic Research.

The Philippine Statistics Authority will report August inflation data on Thursday.

Meanwhile, the US Federal Reserve cut rates for the first time in more than a decade in July.

In a speech at the annual Fed retreat at Jackson Hole, Wyoming last Aug. 23, Fed Chief Jerome Powell pledged to “act as appropriate to sustain the expansion” and noted that the “economy is close to both goals” of the Fed’s dual mandate of promoting full employment and stable prices.

Following the release of the Fed’s policy statement in July, Mr. Powell said in a news conference that the easing move is “not the beginning of a long series of rate cuts” although he also noted that it does not mean that “it’s just one rate cut.”

For this week, Mr. Ricafort said bond yields may continue to rally following the release of likely slower Philippine inflation data.

“For the coming week, local interest rate benchmarks…could still continue their easing/declining trend, especially short-term tenors…if the latest inflation…would go down further to 1% levels for the month of August… [That] could support further easing in local policy rates and also could support further cut in RRR of large banks soon…,” Mr. Ricafort said.

“Any possible cut in Fed funds rate at the next Fed rate-setting meeting on September 18…as well as the underlying easing trend in bond yield benchmarks in the US and in other developed countries are external factors [that] could support further easing of local monetary policy.” — Luz Wendy T. Noble with Reuters

Now’s stock price rises on fourth telco player ambition

By Marissa Mae M. Ramos
Researcher

INVESTORS took positions on Now Corp. following news of its affiliate’s collaboration with a Singapore-based firm for a nationwide fiber rollout, which is seen bolstering the company’s ambition to become the fourth major telecommunications player.

Data from the Philippine Stock Exchange showed the Velarde-led firm trading P1.18 billion worth of 308.646 million shares from Aug. 27 to 30, making it the ninth most actively traded stock last week.

On a week-on-week basis, its share price was up by 51.64% to P3.23 per share last Friday from its closing price of P2.13 on Aug. 23. Year to date, its share price is down 10.77%.

“The news that they’ll be [vying to be the] fourth telecommunications [player]… is the main news that drove the price higher,” said Aniceto K. Pangan, equity trader at Diversified Securities, Inc., in a mobile message.

In a disclosure to the local bourse last Monday, Now Corp. confirmed the collaboration between affiliate Now Telecom Co., Ltd. with HyalRoute Group, a Singapore-based firm that is a global provider of shared communications fiber network. HyalRoute is investing $1-2 billion to roll out a fiber optic cable network in the country through its local subsidiary Philippine Fiber Optic Cable Network Ltd. Inc.

The memorandum of understanding between the two parties would support Now Telecom’s bid in providing a “pure fiber-based broadband” service to its customers as well as addressing infrastructure demands of the company’s pivot towards 5G.

The partnership, along with Now Telecom’s renewed 25-year Congressional Franchise puts Now in a position to be the country’s fourth telecommunications provider, according to industry analysts.

“The company disclosed that they would be entering into a tie-up with the HyalRoute Group. Now Telecom secured a 25-year congressional franchise for the telecommunication service which [puts] it in a position to enter the market,” Luis A. Limlingan, head of sales at Regina Capital Development Corp., said in an e-mail. “Aside from this, the company would be planning to be offering 5G services.”

To recall, Now was one of the candidates in the search for the country’s third telco service provider. The slot was given to Dito Telecommunity Corp., which is owned by Dennis A. Uy’s Udenna Corp. and Chelsea Logistics and Infrastructure Holdings Corp. and China’s China Telecommunications Corp.

Gregorio B. Honasan II, secretary of the Department of Information and Communications Technology (DICT), said that he would push for additional two players in the telco sector.

Despite market interest last week, analysts advised investors to be patient on Now.

“Both short- and long-term outlook are bearish based on a downward trend in earnings…,” Mr. Pangan said. The analyst also noted the company’s negative retained deficit, which stood at P426 million as of the first half.

Now Corp.’s net income attributable to parent plunged by 61.78% to P904,729 in the second quarter from P2.367 million in the same period last year.

“[Its stock price] will probably go back to its consolidation price of P2.05-2.15 per share until they are able to implement their plan successfully,” said Mr. Pangan.

For Mr. Limlingan, trading has been “rather volatile.” For the stock, he placed the 50-day moving average support at around P2.5 per share and resistance at P3.8 per share.

“The company is trading at a premium based on its multiple and when compared against other players in the market. However, should the company become a formidable player in the telco space, its price will reflect the long-term potential of the company.”

Nissan lays on the tech in refreshed Terra, Navara Black Edition

By Manny N. de los Reyes

NISSAN is piling on the technology in its two key best-sellers in the Philippines: the Terra midsize SUV and the Navara pickup. In an event held last Tuesday at its showroom in Bonifacio Global City in Taguig, Nissan took the wraps off the upgraded and refreshed Terra with new exterior updates and the Nissan Advanced Display Audio as well as the Navara Black Edition with added Nissan Intelligent Mobility features.

“In Nissan, we believe that driving should be something exciting, enjoyable, and, most importantly, safe. We want to enable our customers to take on any adventure without limits. By improving the accessibility of the Terra’s NIM features through the new Nissan Advanced Display Audio system, we aspire to empower the Filipino people to go anywhere with confidence,” said Atsushi Najima, Nissan Philippines president and managing director.

The upgrade will have the Terra fitted with the larger screen of the Nissan Advanced Display Audio, allowing an enhanced user interface for easier operation of Nissan Intelligent Mobility features. The 8-inch capacitive touchscreen also allows better and heightened usability of the Around View Monitor, so that users can see and do more, while utilizing Nissan’s technology.

The vehicle also supports Android Auto and Apple Carplay, allowing users to conveniently operate Android and Apple functions directly from the audio unit. These include easier access to their mobile assistant, navigation apps, and music players while on the go.

Finally, the updated Nissan Terra’s exterior is refreshed with a rear roof spoiler for a sportier and more dynamic appearance. It also features a new black grille for a bolder and more upscale look.

The upgraded exterior with the new Nissan Advanced Display Audio system is now available for Nissan Terra 4×2 VE variants and up.

NISSAN NAVARA BLACK EDITION
Nissan also showcased the previously announced new Navara Black Edition. Built upon 80 years of Nissan truck heritage, the tough and smart limited edition pickup is more aggressive and distinctive than ever. Unique design elements from front to back and a host of additional Nissan Intelligent Mobility features further boost the appeal of one of the best-selling pickups in the market.

The new Nissan Navara Black Edition exudes a more commanding presence with unique body decals and orange accents as well as gloss black exterior trim, gloss black rear bumper and gloss black 18-inch alloy wheels. In addition, new features such as smoked LED projector headlamps with LED daytime running lamps, 8-way power-adjustable driver’s seat, leather-and-sport fabric combination upholstery and leather interior trim with orange stitching are now standard on all Black Edition variants. Similar to the standard Navara EL and VL variants, the Black Edition is equipped with Nissan’s Around View Monitor system that gives confidence to drivers on any terrain.

“The new Nissan Navara Black Edition creates a safer and smarter drive, with the timeless design of the best-selling pickup enhanced by new design elements for those who want to standout. With Nissan Intelligent Mobility features, owners of the Nissan Navara Black Edition are empowered to have exhilarating driving experiences, giving them the freedom to really ‘Go Anywhere’, because of the vehicle’s robust design and advanced technology,” said Mr. Najima.

The Navara Black Edition comes in Lunar Metallic Gray (new color), Fiery Red (new color), Galaxy Black, and Aspen Pearl White.

The Nissan Navara Black Edition variants and prices are as follows:

• 2.5L 4×2 EL Calibre 6MT Black Edition — P1,125,00

• 2.5L 4×2 EL Calibre 7AT Black Edition — P1,185,000

• 2.5L 4×4 VL 6MT Black Edition — P1,445,000

• 2.5L 4×4 VL 7AT Black Edition — P1,505,000

• P15,000 for Aspen Pearl White

Brazil sets sights on China’s ethanol market

SAO PAULO — Brazil’s ethanol industry is looking to grab a chunk of China’s ethanol market as the Asian nation targets a 10% blend in gasoline to improve air quality, but a short-term jump in exports is unlikely, according to people following the matter.

China wants to add 10% of ethanol to all gasoline used in the country by 2020, a policy that could sharply boost the country’s ethanol market and potentially increase imports, since local production capacity is too small to meet the target.

Brazilian ethanol industry representatives were part of a trade mission organized by the Sao Paulo state government that visited China this month. The mission’s agenda included meetings with Chinese authorities and a visit to the headquarters of commodities trader COFCO, which owns four ethanol plants in Brazil.

Sao Paulo state is the largest ethanol producer in Brazil. The state’s agriculture secretary, Gustavo Junqueira, who went along on this month’s China visit, said the opening of China’s ethanol market was discussed.

In a statement, Junqueira added that he thought Sao Paulo mills could sharply increase deals but did not elaborate.

Felipe Vicchiato, chief financial officer for Sao Martinho SA, a large Brazilian ethanol producer, said Chinese officials seemed to be serious about the 10% ethanol plan during the talks. Sao Martinho’s Chairman Marcelo Ometto was also part of the trade mission.

A source at COFCO, however, told Reuters it was unlikely China would implement the blend nationally next year.

“Implementation has been slow … E10 has been done only in some regions for now,” the source said, asking not to be named because he lacked authorization to speak publicly about the issue.

The Chinese government would most likely seek to balance ethanol use with local production, refraining from pushing for an immediate implementation of the E10 that would necessarily spur imports, the COFCO source added.

“There is also pressure from oil companies, so I don’t think it is going to happen,” he said, referring to implementation next year.

The United States Department of Agriculture (USDA) estimates that China will be far from reaching the national E10 target next year. It projects the country’s total ethanol blending volume to gasoline in 2020 at between 3% and 3.5%.

If Chinese imports were to jump, Brazil would be in a good position in relation to the United States, the world’s biggest ethanol producer. China slapped a 25% additional tariff on imports of US ethanol this year as part of the trade war between the world’s two largest economies. — Reuters

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