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20 years of making wine specifically for the Filipino palate

TWENTY years ago, Vicente “Nonoy” S. Quimbo, decided that it was time Filipinos had a wine of their own and he came up with Novellino, a brand of wines created especially for the Filipino palate.

“Around the world, many countries are known for their wines: France, Italy, etc., and so I thought, why not create a wine for Filipinos?” Mr. Quimbo, CEO and founder of Novellino wines, told the media during a plant tour on May 28 in Laguna.

Mr. Quimbo, who spent more than two decades working as a beverage company executive and had been to five continents of the seven continents, told a friend of his idea to manufacture Filipino wines — the friend said he was crazy.

But that didn’t stop him as he made it a mission “to build a wine drinking culture among typical Filipino households,” he was quoted as saying in a press release.

He admitted that it wasn’t easy because very few locations in the Philippines where grapes can be grown — grapes typically grow in temperate climates and can’t handle the country’s often humid weather — so they had to import grapes from other countries.

Another challenge was to create wines that Filipinos would like drinking (he noted that his countrymen like sweet wines better than dry wines) — so they manufacture their wines by arresting fermentation, which means many of Novalino’s wines have low alcohol content; the Rosso Classico blend, for example, is only 4.5% compared to the average of 11% ABV (“alcohol by volume,” meaning the volume percent of milliliters of pure ethanol present in 100 ml of the drink).

“We are a high intervention winery,” Mr. Quimbo said before explaining that because they do partial fermentation, they needed to invest a lot in the technology that would allow them to do so.

Grape juice is fermented in 13 fermentation tanks, each with a capacity of 30,000 liters. After partial fermentation, the liquid is brought to a centrifuge to separate solids from the liquids. The solids are then squeezed to get as much juice out before being brought to a wastewater treatment facility which uses coco coir. The solids and coco coir are eventually turned into fertilizer (“We’re very, very green that way,” Mr. Quimbo said).

The liquids then undergo other sifting methods to ensure that no impurities or solids are left behind. The processes use egg whites (“it helps sediments settle to the bottom”) and 24 layers of differently textured diatomaceous earth — from coarse to very fine — which traps remaining solids.

The company also injects carbon dioxide to some of the wines to make them “sparkling.”

“The entire process [from wine making to bottling] can take four-and-a-half weeks, while other varieties can take up to nine-and-a-half weeks,” Mr. Quimbo said.

“Everything is standardized here [so] we always have consistent years,” he said, before adding half-jokingly that with all the processes involved to turn the juice to wine, people who prefer sweet wine have “more sophisticated palates.”

And because wines are often “aspirational” and are only drunk on special occasions, it is very price-sensitive so the company takes measures to offer affordable wines: Rosso Classico (750 ml), for example, has a suggested retail price of P242.

The company currently produces 12 wine varieties including flavored wines (strawberry, blackberry, and peach), sangrias, and “light” varieties (less calories) with prices ranging from P242 to P297. They also import Italian wines — Merlot, Cabernet Sauvignon, and Rosso Del Azienda — for P440 for 750 ml.

“Novellino has helped grow the consumption per capita [of wine] from 0.1 liters to 0.2 liters per year,” said a company press release. This might be a considerable increase, but they believe that there is still a long way to go considering European countries consume “40 liters a year per capita.”

Mr. Quimbo said that he considers his wine career as “missionary work” as he tries to “spread the gospel of drinking wine” to the Filipino populace.

Novellino currently has a 1.3-hectare winemaking plant though only a portion is currently being used because they are “future-proofing” and anticipating a growing demand of wines in the country.

“At maximum capacity we can produce 20 million bottles per year. Currently, we produce less than 4 million a year. Maybe in five years [we’ll be at full capacity],” said Mr. Quimbo, though he acknowledged that many people think that P250 per wine bottle is still expensive so “there are limits to growth.”

Now that they are 20 years old, they are starting to look outside the Philippines, considering exporting to countries like Thailand, Cambodia, and Vietnam, and possibly encourage them to franchise Novellino in their own countries and produce their own wines. — Zsarlene B. Chua

Going to Tacloban? Here is where you can stay and what you can do

By Zsarlene B. Chua, Reporter

ROBINSONS Hotels and Resorts (RHR) has formally opened the fifth hotel under its full-service Summit Hotels umbrella — the 138-room Summit Hotels Tacloban which serves as the company’s vote of confidence in the provincial capital’s potential for growth especially in the tourism sector.

According to data provided by the Department of Tourism (DoT) Regional Office 8, Tacloban City welcomed 559,803 tourists in 2018, 8.51% more than the numbers recorded in 2017. In all, the entire Eastern Visayas Region welcomed 1.78 million overnight guests, up from 1.51 million from the previous year.

The bulk of the visitors — 1.72 million — were domestic tourists.

The increasing numbers and the equally increasing demand for a full-service hotel led to the entry of RHR in Tacloban City.

“For our traveling populace today, their expectations now are higher. Our standards have been raised as we become a prosperous nation,” Arthur G. Gindap, SVP and business unit general manager at RHR, told reporters during a media familiarization trip in early May.

RHR is a subsidiary of Robinsons Land Corp. which operates hotels like Summit, GoHotels, Dusit Thani in Mactan Cebu, Crowne Plaza Galleria, Holiday Inn Galleria, and the soon-to-open Westin in Ortigas.

Mr. Gindap noted that the Tacloban hotel will focus on local tourism and the MICE market (meetings, incentives, conferences and exhibitions), and as such Summit Tacloban has a grand ballroom (1,134 square meters) which can accommodate 600 guests, three function rooms (378 sqm each) which can handle up to 200 people, and three boardrooms which can seat 30-35 people.

The grand ballroom is said to be the largest in the city.

“Our future for Summit is to have a MICE component. So you will see in Tacloban, we [have] the largest facility for MICE for a hotel. We’re moving toward full-service and MICE and convention. We are even considering convention centers. Why only have one in the game?” Mr. Gindap said.

The hotel offers three room categories: the Deluxe and Premiere rooms (both 32 sqm) and themed rooms inspired by the region’s local festivals: the Sangyaw Suite which takes its name from the festival celebrated in June, features floral patterns and chrome accents; the Lubi-Lubi Suite which pays homage to the dance which uses coconuts and coco fronds with a room decorated with leaf patterns and metallic accents; and finally, the Pintados Suite, named after the Pintados Festival held in June, whose decor is inspired by the tattoos of the first inhabitants of Eastern Visayas.

The hotel has one all-day restaurant, Patron, which offers international and local fare, and a swimming pool.

Summit Tacloban is located right beside Robinsons Place Tacloban, a full-service shopping mall. Within the same complex stands Go Hotels Tacloban, a 98-room budget hotel. The entire complex is located five kilometers from the Daniel Z. Romualdez airport and 25 minutes from the San Juanico Bridge to Samar.

Aside from Summit Tacloban, the Summit brand will welcome two more hotels within the year: Summit Hotel Naga and Summit Hotel Greenhills. Soon, RHR will also introduce Go Dorms, a “dormitel” concept “purpose-built for students and young professionals,” according to a company release.

Mr. Gindap also said that group currently has 56 properties currently in operation or under development as they are “set to release its significant expansion plans for the next five years.”

A TRIP IN TACLOBAN
Eastern Visayas offers a myriad of tourist attractions, one of which is Kalanggaman Island in Palompon, Leyte.

The island — 753 meters across — is named after the local word for bird (langgam) as it looks like a bird when seen from above. Some parts of the island are submerged during high tide. The local tourism office only allows 500 people per day to visit the island in order to preserve it. Each group is given two garbage bags for them to segregate their waste and bring it back for disposal in Palompon.

There are no resorts on the island though one can bring or rent a tent if one wishes to spend the night.

The island is about two to three hours away from Tacloban by van though several bus companies ply the road from Tacloban to Palompon. From Palompon, travellers have to journey for about an hour via boat to the island.

While the island offers white — though at times rough — sand and clear waters, tourism officers caution visitors from swimming at the ends of the sandbars as the strong currents might sweep them away.

Aside from Kalanggaman Island, Eastern Visayas also offers other “underrated destinations,” a lot of which are “raw, rustic and natural” where “a lot of hidden gems from reef to ridge await to be discovered,” according to a press release from the DoT Region 8.

Some of these destinations are the Biri Rock Formations in Biri, Northern Samar which has seven rock formations of various sizes created by the wind and waves of the Pacific Ocean; Uwan-Uwanan Gorge in Libagon, Southern Leyte where people trek, rappel, and climb bamboo ladders to reach the cascading waterfalls; and, for people who love historical and cultural tourism, they can stay in Tacloban and visit the MacArthur Leyte Landing Memorial.

SMC’s food and beverage unit bullish on growth

SAN MIGUEL Food and Beverage, Inc. (SMFB) is bullish on growth for the next few years, on back of the steady expansion of its food, beer, and spirits segments.

“SMFB will continue to grow. Wala kaming bad news na cyclical na biglang masama ang takbo. We are immune to economic shocks, or economic downturn,” SMFB President and Chief Executive Officer Ramon S. Ang told reporters after the company’s annual shareholders’ meeting on Wednesday.

The company is banking on the growing consumption of its beer, food, and liquor brands.

“We are investing in new strategically-located facilities to address robust demand. This also allows us to deliver our products to our consumers fresh and a lower cost,” SMFB said in a letter to shareholders.

For its food business, the company will be building new facilities for poultry and fresh meats processing, feed mills, flour milling. It is hiking the capacity for its prepared and packaged food segment for value-added meats, dairy, spreads, and biscuits.

Mr. Ang said the feed mills alone will have a capacity of one million tons each.

“For our beer business, we completed an additional bottling line in Sta. Rosa, Laguna in 2018 and with the brewing facilities already started in 2019, this will be a full-fledged brewery by 2020. We are also building a new brewery in Tagoloan, Misamis Oriental,” SMFB said.

Meanwhile, Mr. Ang said it will cooperate with the government on the proposed additional taxes on alcoholic products.

“We are going to cooperate with government in sin taxes, basta reasonable, basta kaya ng consumer (as long as it’s reasonable, as long as the consumer can take it),” he said.

He added that they will have to pass on the price increases to customers.

The Department of Finance earlier proposed a P40-per liter tax rate for fermented liquor, which is also reflected in Senate Bill No. 2197. Distilled spirits may face a 22% ad valorem tax on the net retail price as per House Bill No. 8618, which was approved on third reading last December.

On top of that, the House of Representatives moved to add a specific tax per proof liter of P30, while the Senate version provides for a specific tax rate of P40 per proof liter.

Mr. Ang noted that the increase should be similar to how additional taxes have been imposed on cigarette products.

The 17th Congress approved on Tuesday the proposal to increase excise tax rates for tobacco products, which sought to increase the excise tax on tobacco products to P45 in 2020 and by P5 every year until it reaches P60 per pack in 2023. It will then increase by five percent every year thereafter.

SMFB’s net income attributable to the parent dropped 13% to P3.8 billion in the first quarter of 2019, compared to the P4.35 billion it posted in the same period a year ago. This came amid a 14% increase in gross revenues to P75.66 billion. — Arra B. Francia

San Miguel to push for new power projects

SAN MIGUEL CORP. is continuing to pursue power projects. — BW FILE PHOTO

SAN MIGUEL Corp. (SMC) said it will continue putting up new power projects, amid the pending implementation of the competitive selection process (CSP) which favors the lowest-cost provider for consumers.

“We submit ourselves to CSP. We have already advised Meralco (Manila Electric Co.) to start the CSP process. I think narinig naman din natin na everybody will abide. Para sa akin, kahit anong gawin nila na pricing, basta kami sasaali at lalaban sa bidding (I think we’ve heard that everybody will abide. For me, whatever they will do with the pricing, we will still join the bidding),” SMC President and Chief Operating Officer Ramon S. Ang told reporters at the firm’s headquarters on Tuesday.

He added that the Supreme Court decision to push through with the implementation of the CSP was expected.

Wala naman tayo magagawa talaga diyan at nung araw ko pa ’yan sinasabi sa inyo. Ang taas kasi ng presyo at paano naman tatanggapin ng bayan ’yan? Syempre tinignan ng court ang present value today na very low, talagang di papayagan. Ine-expect na namin ’yan noon pa (We can’t do anything and I have been saying this before. The price of power is high and how can people accept that? Of course, the court is looking at the present value which is low, so it will not be allowed. We have expected this,” Mr. Ang added.

As such, the company remains bent on putting up, among others, the four 150-megawatt (MW) circulating fluidized bed (CFB) coal-fired power plants in Bataan.

SMC, through its power subsidiary, SMC Global Power Holdings Corp., is geared toward expanding its renewable energy portfolio while developing clean coal power plants.

The said CFB coal projects, estimated to cost $2 million per megawatt, are under Mariveles Power Generation Corp. which has a power supply agreement (PSA) with Manila Electric Co.

Besides Mariveles Power Gen, another SMC power unit, Central Luzon Premiere Power Corp., has a PSA with Meralco.

The CSP is a form of competitive public bidding intended for distribution utilities’ purchase of electricity from generation companies, in securing power supply agreements.

The rule became effective on June 30, 2015 through a circular the Department of Energy (DoE) issued then. Its implementation, however, was suspended by the Energy Regulatory Commission (ERC) for over 400 days.

The DoE said it will release the list of affected PSAs once received from the ERC which will also issue the guidelines for the CSP. — Janina C. Lim

Pasqualino’s — Italian dining atop a Samar hill

JUST 45-minutes away from Summit Tacloban sits an Italian restaurant atop a hill with a gorgeous view of the San Juanico Bridge.

Pasqualino’s is Cathy Anover-Bonavitacola and her Italian-American husband, Joseph’s second restaurant after Giuseppe’s, the 26-year-old Tacloban haunt famed for its handmade pasta and wood-fired brick oven pizza.

Pasqualino’s is open four days a week (Tuesday to Friday) and can seat 200 people. Because of its location in Santa Rita, Samar, one has to take a private car uphill towards the Roman-style restaurant with white walls, a pool, and various Italian sculptures.

“We opened a few months after (typhoon) Yolanda and we thought we weren’t going to recover,” Ms. Anover-Bonavitacola told reporters over dinner.

She said that the supertyphoon, which devastated much of Eastern Visayas in 2013, brought them “back to zero” as they had no insurance. But rebuild they did and she said that she thinks the province — Tacloban, in particular — came back stronger than before Yolanda hit.

“The storm put us on the map,” she said.

Pasqualino’s, named after her son, Pasqual (much like Giuseppe’s was named after her other son) offers Italian dishes, from antipasto like Antipasto Italiano (P1,000) which comes with homemade flatbread, Italian deli meats and cheeses, to pizzas like salami and cheese (P400).

For dinner, Ms. Anover-Bonavitacola served the media a sampler of their pasta Amatriciana (new menu item) and pasta with prosciutto and porcini mushroom (P595) and a combination of their meat and seafood platters (each at P1,300).

The pasta Amatriciana — well-balanced and hearty dish — features a tomato-based sauce with guanciale (pig’s jowl) and Parmesan cheese. The pasta with prosciutto and porcini mushroom had a cream-based sauce and fusilli pasta. While both dishes featured well-seasoned sauces, the star is undoubtedly the pasta itself as it’s cooked, perfectly al dente, and is said to be freshly made from Giuseppe’s. — Zsarlene B. Chua

Aboitiz on track to plant 9M trees by 2020

THE Aboitiz Group said it is on track to hit its goal of planting nine million trees by 2020, as part of its Simultaneous Tree Planting (STP) initiative.

In a statement, the Aboitiz Group said it has already planted a total of 6.6 million trees or 73% of target as of 2018.

STP is under A-Park, the group’s environmental program that supports the Department of Environment and Natural Resources’ (DENR) Expanded National Greening Program (ENGP).

Aboitiz renewed its partnership with the DENR on Wednesday, in time for World Environment Day.

Under the memorandum of agreement, the DENR will “offer additional support by mobilizing all its bureaus, attached agencies, and DENR regional offices to provide support for the implementation of the A-Park project; providing technical assistance in identifying possible site, for planting and species-site matching; and assisting in the documentation of planted trees, which includes geo-tagging, plantation registry, and mapping, among others.”

“This MOA signing is a crucial step towards ensuring continuity in making a positive impact on our national development. It represents the essence of the Aboitiz Group purpose and brand promise: to drive change for a better world by advancing business and communities,” Sabin M. Aboitiz, executive vice-president of Aboitiz Equity Ventures, Inc. (AEV), said in a statement.

In July, the company will hold its annual STP wherein about 95,000 seedlings will be planted nationwide by Aboitiz members and stakeholders.

With a target of nine million trees planted would also mean the conversion of 189,000 tons of carbon dioxide into oxygen, or about 9,000 hectares of lush reforested areas, which is more than 37 times the size of Bonifacio Global City.

“We strongly believe and adhere to the DENR’s mandate to protect the environment and we anchor our initiatives to the ENGP to sustain ecological balance. Our enduring partnership with the DENR for community-based forest management is a testament to our shared responsibility and highlights our contribution to the United Nations Sustainable Development Goal on Climate Action,” Mr. Aboitiz said.

Aside from STP, the Aboitiz Group’s other environmental programs include waste reduction, the “Race to Reduce” program, and the Aboitiz Cleanergy Park which is home to endangered hawksbill turtle or pawikan. — V.M.P.Galang

Earning a pin can make a difference in F&B career

SOME PINS are worth more than others. After gaining a Wine & Spirits Education Trust (WSET) Level 1 Award in Wines, one would be given a blue pin. That doesn’t sound like much, but, as Bel S. Castro, Assistant Dean for College of Hospitality Management for Enderun Colleges, said “…in the UK, you cannot work without this,” pertaining to the thriving food and beverage sector in the United Kingdom.

BusinessWorld attended a review class for the WSET Level 1 Award in Wines, in preparation for the WSET Level 1 examinations which is made up of 30 multiple choice items. A minimum score of 21 is needed to pass the exams.

There were modules about growing grapes, types and styles of wine, grape varieties, food pairing tips, and other topics in the world of wine. BusinessWorld picked up a few tips and tricks. For example, tea and coffee do not grow where grapes grow, 30 and 50 degrees above and below the equator. To properly view a glass filled with wine, one does not hold it up against the light, but rather against a white surface. BusinessWorld’s classmates last week included students from Enderun (the WSET Level 1 is embedded in the school’s curriculum; they can advance to Level 2 as an elective), a banker, a flight attendant, and a bartender. Ms. Castro said that some companies, such as those in the food and spirits industry, send their employees over for the examination and the certification. As we’ve said above, the WSET Level 1 is usually needed for employment in the sector, but in the Philippines, it definitely gives one a competitive edge. “You come in, and you hit the ground running,” said Ms. Castro.

“If somebody’s looking for an F&B career, I think it triggers two things. One, is that you have a genuine interest, and any employer likes people who have genuine interest,” she said. “Between somebody who actually went out of their way to train and get certified versus someone who would just say ‘I’m passionate’ — I mean, somebody has proof, the other one just has promise.”

As for our classmate who worked in finance, Ms. Castro said that she gets a lot of wine enthusiasts and people in other sectors as well. “For some of them, they just want to be able to walk into a wine store, or open a wine list and not look stupid,” she said. “For business people, they do it because entertaining is part of their business.” She points out scenarios, for example, if a foreign delegation is sent over, and one has been tasked to look after them. In some restaurants, meanwhile, she points out that some wine lists can be books, and one might need a certain level of knowledge to navigate through them.

It’s a sizable investment: taking the Level 1 class and examination costs P16,500 through Enderun Extensions, an arm of Enderun that offers non-degree classes in a myriad of topics (Ms. Castro lists down calligraphy and robotics, among others). She estimates that P750,000 is needed to finish the Level 4 class in London. — Joseph L. Garcia

Century Pacific, Shakey’s target to be ‘plastic-neutral’ by next year

CENTURY PACIFIC Group (CPG) on Tuesday said two of its companies are aiming to become “plastic-neutral” by 2020.

This as Century Pacific Food (CNPF) and Shakey’s Pizza Asia Ventures, Inc. (SPAVI) signed an agreement to co-process post-consumer plastic waste in Republic Cement and Building Materials, Inc.’s cement kilns.

CPG President Christopher T. Po said the partnership with Republic Cement will allow the group to conduct its business in a more sustainable manner.

“Over the years, our companies have implemented various programs to help promote a greener Philippines. These include various recycling initiatives and attempts to reduce packaging waste. As we grow in number of products sold and restaurant outlets opened, we’ve also sought partners to help balance out our environmental effects. This now includes Republic Cement, and we look forward to working with them in this worthwhile endeavor,” Mr. Po was quoted as saying in a statement.

CNPF is the listed food company behind Century Tuna, Argentina, 555 and Birch Tree, while SPAVI operates popular pizza chain Shakey’s.

“We are happy to share this advocacy with the Century Pacific Group to promote and support responsible disposal of plastic packaging materials to reduce its harmful effects on the environment,” Republic Cement President Nabil Francis said.

Republic Cement will co-process non-specific, recovered post-consumer plastic materials at its kilns.

Co-processing is described as a method that “uses very high heat from cement manufacturing to destroy waste materials, and “recovering from them thermal and mineral properties which provide the energy needed to produce cement.” Co-processed waste does not leave any residue.

“This will allow both CNPF and PIZZA to be ‘plastic-neutral’ — offsetting the amount of plastic produced with an equivalent amount of post-consumer plastics to be used for co-processing by Republic Cement,” CPG said.

Republic Cement, a company led by CHR plc and the Aboitiz group, has five cement plants and one grinding station in the Philippines. It is licensed by the Department of Environment and Natural Resources to use and dispose of qualified waste streams through cement kiln co-processing.

Japan’s kakigori comes to Manila via HK

IN A small discreet shop in Serendra is a small staff of “artists” who turn cubes of ice into a mountain of kakigori — Japanese shaved ice desserts. As summer’s heat stifles the city, Shari Shari Kakigori House opened its doors, serving it cold treats to overheated customers.

“I established this brand in Hong Kong because I wanted to introduce a food culture from Japan to another country,” Shari Shari Kakigori House founder Shingo Take told BusinessWorld at the launch of the shop on May 28, adding that Hong Kong is known as an international hub for food culture in Asia.

It was two years ago when business partners Darlene Chua Lim and Arthur Dichaves approached Mr. Take at his store in Hong Kong, with the intention of discussing opening a branch in the Philippines.

“When I went to Hong Kong, I saw the people just sitting down and sharing one kakigori while telling each other their stories and laughing,” Ms. Lim said, citing her observation that Filipinos “eat and run” most of the time. Ms. Lim and Mr. Dichaves wanted to bring the culture of sharing a dessert of flavored shaved ice to their home.

The ice used comes in the shape of a large cube. Mr. Take explained the shape makes it easier to shave since it has a wider surface area. Shari shari, Mr. Take noted, is a bit of onomatopoeia, saying that it is the sound made while eating ice.

The shop’s interior includes a nook that mimics a sushi counter which allows guests to watch the ice shaving process. The flavors of the kakigori include Japanese tofu and mikan orange, matcha cream special, Earl Grey milk tea, strawberry special, and cantaloupe melon which are flavored with syrup and a whip cream topping (optional). Other flavors — such as tiramisu, banana, mango — are seasonal offerings. Kakigori prices start at P270.

During the launch, this writer tried cantaloupe melon kakigori, a flavor exclusive for the Philippines. Aside from its sweetness, the melon was the chosen since the business partners want to highlight other tropical fruit flavors. As Ms. Lim said that when it comes to fruits here “The first thing that comes to mind is always mango. So, we wanted to offer something different because we feel that there are so many fruits that we feel are not recognized.”

The serving sizes in the store, Ms. Lim added, are bigger than those in Hong Kong.

“The price may be daunting [at first.] But you can share it (the kakigori) anyway. It would be like a kakigori eating party,” she said.

Shari Shari Kakigori House is located at the ground floor of Serendra, McKinley Parkway, Bonifacio Global City, Taguig. — Michelle Anne P. Soliman

Google sets new privacy measures

By Zsarlene B. Chua
Reporter

ALPHABET Inc.’s Google has announced new privacy measures in a bid to make “privacy work for everyone,” which includes limiting third-party developers’ access to user data on the Google Chrome Store and Google Drive.

“We recognize that we have an obligation to have the strongest possible policies and procedures that govern access to data and sharing of data with third-party developers,” Keith Enright, Google’s Chief Privacy Officer, told the media during a web conference on May 31.

He said only requests access for data “appropriate to the specific features of the application will be approved.”

“This is going to be a material improvement for user privacy and will provide more restricted access to data to third parties,” Mr. Enright said.

Google will also be requiring developers to post privacy policies for the extensions they offer on the Web Store.

While the requirement regarding posting privacy policies are already in place for some extensions that require personal and sensitive user data, Google is expanding said policy to cover extensions that need access to any personal communication or content generated by the user.

Aside from tighter policies on the Chrome Web Store, Mr. Enright said they will also be limiting the apps that use Google Drive’s APIs from “broadly accessing certain kinds of content or data in the Drive.”

“This means that we’re going to be restricting third-party access to specific files and we are going to verify that public apps that require broader access — like backup applications,” he said.

The said policies will not take effect immediately, said Mr. Enright, as the tech giant is giving third-party developers time to adapt to the “new, more restrictive policies” as they try to “balance our strong commitment to providing the strongest possible privacy protection for our users.”

While no specific date has been set for implementation, The Verge, in a May 30 report, noted that Google will give developers a 90-day transition period before the changes take effect.

During the conference, Mr. Enright announced they are making access to privacy controls easier for users on several of their major products: Search, Maps and Assistant. This allows users to customize their privacy preferences using “simple on/off controls” which lets users decide “which activity you want to save to your account,” according to a Google blog post on May 7.

Another privacy announcement is the introduction of Incognito mode to other Google products like Maps.

Incognito mode was launched more than a decade ago for Google Search and this feature allows users to browse the web without their activity being saved on one’s browser or device.

Mr. Enright said they are working on introducing Incognito mode to other products though no definite timeline has been set.

“We are not delivering privacy as some sort of luxury good… We want the strongest possible privacy protections to be available to all of our users everywhere in the world where our products and services are offered,” he said.

EastWest eyes bond issue by Q3

EAST WEST Banking Corp. (EastWest Bank) expects to offer the first tranche of its P10-billion fixed-rate bond program in the third quarter, as it seeks to diversify its funding sources.

EastWest Bank Senior Executive Vice-President Rafael S. Algarra, Jr. said in an interview that the Gotianun-led lender is looking at offering its maiden peso-denominated bonds next quarter.

“We’re still looking at the timing. We’re looking at it some time definitely this year. Hopefully, we can do it probably by the third quarter of the year,” Mr. Algarra said.

Last week, EastWest Bank said in a regulatory filing that its board of directors approved the issuance of up to P10 billion in bonds to be issued in one or more tranches, adding that the timing of the issuance will be subject to market conditions.

Before issuing the bonds, Mr. Algarra said the bank will have to look at market appetite as well as the timing of other firms that are also issuing debt instruments.

“You want to put it in a position where it doesn’t conflict with other issuances in the market,” he said. “The rates should be also reasonable for us.”

The official added that EastWest Bank will raise funds through the fixed-rate bonds to diversify its funding sources.

“We expect recovery in the lending market as the cut in reserves and interest rates would probably spur some growth, especially on the loan side of business,” Mr. Algarra said.

“As the business expands, we would need funding… What we want to do is to have a good stable balance sheet and one way to…have stable funding is to have something on the longer end of your liabilities.”

Lenders can now raise fresh funds through bonds and commercial papers after the central bank last year relaxed its rules by doing away with having to secure approval from them.

In June 2018, EastWest Bank raised P2.45 billion from the first tranche of its P15-billion long-term negotiable certificates of deposit program. The 5.5-year notes carry an interest rate of 4.625% to be paid quarterly until December 2023.

EastWest Bank posted a net income of P1.3 billion in the first three months of the year, up 36% from the same period a year ago, driven by improved trading income, lower credit costs and the resumption of the teachers’ lending program of the bank’s rural banking arm.

The bank’s shares closed at P11.62 apiece on Tuesday, down eight centavos or 0.68%. — Karl Angelo N. Vidal

AMA invests P150M on online education

AMA Education System invested P150 million on its online education platform, which caters to students both in the Philippines and abroad.

“(We invested) north of a hundred fifty million (in AMA Online Education or AMA OEd)… To be online is the way to go. We can be everywhere in the world. You can access it anytime at your own pace, at your own leisure,” Amable “Miguel” C. Aguiluz IX, vice chairman and chief executive officer of AMA Education System, said in a recent briefing.

AMA OEd is the online learning platform of AMA University — a CHEd recognized and accredited institution. AMA Education System also operates AMA University, which offers Information Technology (IT) courses.

Mr. Aguiluz thought of creating a platform for distance learning to address the lack of access to education for some Filipinos. This after a student from AMA Davao raised this problem.

“If you think of ways to solve people’s problems, it might be a good business,” he said.

Launched in 2015, AMA OEd allows people who have no time to attend classes physically can now do so anywhere, anytime.

“What we did was we got a few top graduates of AMA on software development and a few system analysts. We told them about our dream to build a platform that would be accessible via the internet,” Mr. Aguiluz said. It took eight to nine months of trial and error to finalize the education platform.

There are 17 courses available on AMA OEd, such as computer studies, engineering, business administration, and arts and sciences courses.

Enrolled students can simply log on the platform to access lessons, which may be in the form of text, video, or audio. There is also an offline option for those who do not have internet access in their homes. Questions can also be posted in the platform, and the instructor will reply within 24 hours.

Just like traditional schools, there will also be seat work, quizzes, long tests, and final exams.

In order to ensure that the student is the one answering such tests, Mr. Aguiluz said that they developed a system that would detect malicious acts called the lock-down browser. This would also detect if the student would open other files, or have someone coach him. This also manipulates the device’s camera to take pictures of the student every 30 seconds for further security.

“We want to grow the business, the platform. Of course, our plan is to really go out of our comfort zone, which is targeting just the Filipinos. We want to go further and target the international students,

With a couple of improvement in the coming years, this will attract more students. We are very bullish about the future. We know that in the next 10 to 20 years, more students will favor the online versus the traditional school,” Mr. Aguiluz added.

Mr. Aguiluz said AMA OEd did not affect AMA University, given that all of the latter’s students are full-time.

As the online education platform attracts more attention, he expects more working professionals, and persons with disabilities (PWDs) to enroll.

AMA OEd is open to Filipinos and foreigners. Tuition fees for courses vary, but Mr. Aguiluz said these are “competitive.” — Vincent Mariel P. Galang

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