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Jeopardy! host Alex Trebek vows to fight advanced pancreatic cancer

LOS ANGELES — Jeopardy! host Alex Trebek, one of the most recognizable faces in US television, has been diagnosed with stage 4 pancreatic cancer, he said in a video message on Wednesday. He vowed to beat the disease despite its low survival rate.
Since 1984, the Canadian-born Trebek has hosted the syndicated game show, in which contestants must display their knowledge of a broad array of trivia topics by stating their answers in the form of a question.
Trebek, 78, said in a video message posted to YouTube that he was diagnosed with pancreatic cancer earlier this week.
“Now normally, the prognosis for this is not very encouraging, but I’m going to fight this, and I’m going to keep working,” Trebek said. “And with the love and support of my family and friends and with the help of your prayers also, I plan to beat the low survival rate statistics for this disease.”
Stage 4 typically means the cancer has spread to other parts of the body, and the five-year survival rate for pancreatic cancer that advanced is 3%, according to the Pancreatic Cancer Action Network.
The low survival rate is attributed to the fact fewer than 20% of pancreatic tumors are confined to the pancreas at the time of diagnosis.
Trebek, who is known for his straight-faced but witty banter with contestants, made a joke about his vow to survive the disease.
“Truth told, I have to!” he said in the video message to fans. “Because under the terms of my contract, I have to host Jeopardy! for three more years! So help me. Keep the faith and we’ll win.”
Jeopardy! is watched by 23 million viewers a week in the US and Canada, making it the most watched quiz show in that television market. Trebek has hosted more than 7,000 episodes.
He also has won five Daytime Emmy awards for outstanding game show host and in 2011 received a lifetime achievement Emmy.
After he was injured in a fall in 2017, Trebek had surgery to remove blood clots on the brain and took a break from taping episodes. He returned to the show in January 2018.
Trebek, who is from a nickel-mining town in Ontario, suffered a heart attack in 2012 and was hospitalized for another in 2007.
Jeopardy! is produced by Sony Pictures Television, a division of Sony Corp, and distributed by a division of CBS Corp. — Reuters

Ayala to keep capital spending steady this year

By Arra B. Francia, Reporter
AYALA CORP. (AC) is keeping its capital spending steady this year, while keeping a “fairly positive” outlook about the group’s businesses moving forward.
“As a group I think it’s about the same (capex) as last year,” AC Chief Finance Officer Jose Teodoro K. Limcaoco told reporters on the sidelines of the company’s media event in Makati City on Wednesday night.
The listed conglomerate committed to spend P249 billion in capital expenditures in 2018, 44% higher than its spending the year before to finance its investments as well as the expansion of its subsidiaries, Ayala Land, Inc. (ALI), Globe Telecom, Inc., and Manila Water Co., Inc.
Mr. Limcaoco noted they will be spending less at the parent level due to the absence of large investments.
“Last year, we had a big capex spend for the BPI (Bank of the Philippine Islands) rights offer, IMI (Integrated Micro-Electronics, Inc.) rights offer. I don’t see any big investments this year,” Mr. Limcaoco said.
BPI raised P50 billion through a stock rights offering last year to fund its business operations and expansion, while IMI also secured P5 billion in fresh funds through a rights offer. ALI has allotted P130 billion to support its plan to launch P130 billion worth of residential and office projects, depending on market demand. Globe also hiked its spending by 45% to P63 billion this year to address the rising demand for data services.
Mr. Limcaoco said they are closely watching how the third telco player will perform, calling the Mislatel consortium, led by Davao-based businessman Dennis A. Uy, a credible player.
“We keep on watching how the third player pans out. We get to be realistic that that is a concern, even though I think their business probably doesn’t pick up speed until towards the end of the year or next year…And the question is how fast can they get the business going,” he explained.
With the entry of a new player, Mr. Limcaoco said the higher spending will help them build out Globe’s network and further improve it, while also expanding their business on the home broadband segment.
Sought for his outlook, the top executive said 2019 looks “fairly positive.”
“I think we’re still fairly confident about the real estate market, it remains very strong. Banking looks very solid, loan growth looks steady, credit quality remains good,” Mr. Limcaoco said.
AC’s net income attributable to the parent rose three percent to P23.86 billion in the first nine months of 2018, following a 18% uptick in gross revenues to P201.68 billion. The company is set to release its full-year 2018 earnings results on March 13.
Shares in AC climbed 0.48% or P4.50 to close at P948 each at the stock exchange on Thursday.

100 Years of Solitude on Netflix

LOS ANGELES — The groundbreaking novel One Hundred Years of Solitude by Gabriel Garcia Marquez is coming to the screen for the first time in a Spanish language series for Netflix, the streaming service said on Wednesday. The multi-generational family tale, published in 1967, is widely considered one of the most influential novels of the 20th century and an early example of the magical realism style embraced by other Latin American authors. Garcia Marquez’s two sons will serve as executive producers on the TV series, which will be filmed mainly in the author’s native Colombia. They said in a statement that the Nobel Prize winning novelist, who died in 2014, had been reluctant to sell the rights to the books for years. However, given what has been called a new golden age of television “and the acceptance by worldwide audiences of programs in foreign languages, the time could not be better to bring an adaptation to the extraordinary global viewership that Netflix provides.” — Reuters

Megaworld eyes P18-billion sales from two condos

MEGAWORLD CORP. expects two new residential condominiums within its Parañaque City township to generate P18 billion in sales.
The listed property developer said in a statement that it has launched South Beach Place and Sunny Coast Residential Resort inside Westside City, which will add about 1,900 residential units to the 31-hectare township.
South Beach Place will offer 582 units across 15 floors. Units range from studio layouts, sized from 32-41.5 square meters (sq.m.), and one-bedroom sized from 46.5-61.5 sq.m. All units have their respective balconies or lanai area.
The tower will feature amenities such as an adult and children’s pool, massage pool, sun deck lounge, pool lounge and seating deck, playground, fitness center, and function rooms.
Megaworld will be building a footbridge that will directly link South Beach Place to the future Westside City Resorts World complex.
Meanwhile, Sunny Coast Residential Resort consists of two 21-storey towers with a total of 1,309 units. Units are sized up to 41 sq.m. for studio layouts, up to 77 sq.m. for one-bedroom, and up to 111 sq.m. for the executive one-bedroom.
Amenities at Sunny Coast Residential Complex include a infinity pool, children’s pool, wading pool, pool pavilion, lounge deck, meditation deck, children’s playground, fitness playground, fitness center, function rooms, and outdoor seating area.
The company expects to complete the towers by 2024.
The two projects augment Megaworld’s current residential inventory of about 3,500 units across 19 towers worth P50 billion. The company earlier launched the 15-building Bayshore Residential Resorts project in Westside City, followed by the four-tower Gentry Manor.
Apart from residential projects, Megaworld is also building several hotels in Westside City, namely Kingsford Hotel with 529 rooms and Grand Westside Hotel with 685 rooms. Both hotels will be directly connected to the township’s casino complex.
Westside City is a leisure and tourism estate developed jointly with Megaworld’s sister firm, Travellers International Hotels Group, Inc. (TIHGI). Megaworld has committed to spend P54 billion for construction of residential and hotel projects in the estate, while TIHGI will be spending about P57 billion for the Westside City Resorts World complex.
Westside City Resorts World Complex will be the fourth casino to operate along the state-run Entertainment City in Parañaque City, following Solaire Resorts and Casino, City of Dreams Manila, and Okada Manila. The group expects to open the casino complex by 2021.
Shares in Megaworld jumped 2.85% or 15 centavos to close at P5.41 apiece at the stock exchange on Thursday. — Arra B. Francia

R. Kelly arrested again

R&B SINGER R. Kelly was arrested for a second time in recent weeks on Wednesday — this time for failure to pay child support — hours after lashing out in a TV interview against charges that he had sexually assaulted teenage girls. Singer Robert Kelly, known as R. Kelly, was taken into custody in Chicago for owing more than $161,000 in child support to his three children with ex-wife Andrea Kelly. The singer must pay the full amount to get out of jail, Cook County Sheriff’s spokesman Sam Randall said, following a court hearing over a Wednesday deadline for the money to be paid. Kelly’s attorney did not immediately respond to a request for comment. Kelly, 52, pleaded not guilty in February to charges that he sexually assaulted three teenage girls and a fourth woman. The charges were brought after seven women including his ex-wife, appeared on a Lifetime TV documentary and accused him of emotional and sexual abuse. He spent a weekend in jail on the sex charges before being released on $100,000 bail on Feb. 25. Wednesday’s arrest came hours after CBS TV aired parts of Kelly’s first interview since being charged, in which the singer tearfully and angrily rejected allegations that he had sex with underage girls. — Reuters

Prodigy frontman Keith Flint, 49

LONDON — Keith Flint, the Prodigy lead singer who captured the hedonistic spirit of 1990s British rave culture, has died aged 49 in what the band’s founder described as a suicide. Flint was one of the best known faces of British electronic music, performing apparently random dance moves often with eccentric hair cuts, sometimes styled as devil’s horns, and heavy makeup around his eyes. Liam Howlett, founder of the group, said Flint had taken his own life. “Our brother Keith took his own life over the weekend. I’m shell shocked, fuckin’ angry, confused and heart broken,” Howlett said on Instagram. “R.I.P brother.” Police were called to an address in Essex on Monday where they found Flint who was pronounced dead at the scene. — Reuters

Wilcon books P1.8-B profit

WILCON DEPOT, Inc. saw its net income jump by 32% in 2018, driven by strong same-store sales growth and the opening of new stores.
In a disclosure to the stock exchange on Thursday, the listed home improvement and construction supplies retailer said its net income reached P1.835 billion last year, higher than the P1.385-billion profit in 2017.
For fourth quarter alone, Wilcon grew its earnings by 67% to P446 million.
Wilcon reported its net sales jumped 19% to P21.041-billion year-on-year, fueled by 8% same-store sales growth and new store openings. New store openings accounted for 57% or P1.86 billion of the growth.
The company opened four new depots in the fourth quarter, bringing to 11 the number of new store openings in 2018. Wilcon ended 2018 with 51 stores.
“Wilcon will continue with its store network expansion with a planned eight new depots to be opened in 2019. We are also looking to expand existing stores with potential for higher growth. We are set to open an additional distribution center this 2019 and expanding our main distribution center to accommodate the increased volume of business,” Lorraine Belo-Cincochan, president and chief executive officer of Wilcon, said in the statement.
Shares in Wilcon went up by 0.81% or P0.12 to P15.02 apiece on Thursday. — V.M.P.Galang

90210 actor Luke Perry, 52

ACTOR Luke Perry, who rose to superstardom on the teen-oriented 1990s US TV drama Beverly Hills 90210 and then aged into a fatherly role on comic-based Riverdale, died on Monday at the age of 52 after suffering a “massive” stroke last week, his publicist said. Publicist Arnold Robinson said Perry died in a Los Angeles area hospital surrounded by his family and close friends, including his former wife Minnie Sharp, his two children, and his fiance Wendy Madison Bauer. Perry was rushed to a Los Angeles hospital on Wednesday after suffering the stroke at his home, celebrity website TMZ.com reported last week. TMZ said on Monday that Perry never recovered consciousness. Perry was taken ill the same day that Fox TV announced it was reviving the Beverly Hills 90210 series with many of the original cast, including Jason Priestley, Jennie Garth and Tori Spelling. Perry was not among those announced as returning for the limited run of six new episodes this summer. — Reuters

SM Prime readies P10-billion bond issuance

SM PRIME Holdings, Inc. plans to issue P10 billion worth of bonds this year, which were given the highest rating by a local debt watcher.
In a statement issued Thursday, Philippine Rating Services Corp. (PhilRatings) said it assigned a PRS Aaa rating for SM Prime’s planned issuance. This indicates that the SM Prime’s debts are of the highest quality with minimal risk, with the company having an “extremely strong” capacity to meet its financial obligations.
PhilRatings also gave the rating a stable outlook, which means that it is unlikely to change in the next 12 months.
The bonds to be issued represents the fourth and last tranche of SM Prime’s three-year shelf registration program worth up to P60 billion approved by the Securities and Exchange Commission in July 2016.
The listed property developer earlier said it will spend an average of P80 billion in capital expenditures (capex) this year, in order to support its provincial expansion and land banking efforts.
PhilRatings took into account SM Prime’s leading market position, well diversified portfolio, continuous construction and expansion efforts, as well as its management’s “solid track record and focused implementation of strategic priorities.”
“Over the projected period, profitability will remain stable. The increase in revenues will continue to be driven by rental income, coupled with strong real estate sales…Housing demand, from both local and foreign buyers, is anticipated to remain buoyant, going forward,” according to PhilRatings.
SM Prime’s net income jumped 17% to P32.2 billion in 2018, following a 14% increase in consolidated revenues to P104.1 billion. The Sy-led firm benefited from its mall expansion into provincial areas, alongside its continued development of residential condominiums in Metro Manila.
The company ended the year with a total of 72 malls covering 8.3 million square meters (sq.m.) of gross floor area in the country. It operates another seven malls spanning 1.3 million sq.m. in China.
SM Prime will further expand its mall operations with four scheduled openings this year, namely SM Center Dagupan, SM City Olongapo Central, SM City Butuan, and SM Minpro Citimall. It will also expand SM City Baguio by 32,000 sq.m. and SM City Fairview by 46,000 sq.m.
Shares in SM Prime slipped 0.13% or five centavos to close at P38.65 each at the stock exchange on Thursday. — Arra B. Francia

Employers back more workplace hours for senior high students

LONGER exposure to work conditions will ensure the employability of senior high school students, particularly those in Technical-Vocational Education (TVE), a technical school educator said.
Fr. Pierre Tritz Institute-ERDA Tech Senior High School (ERDA Tech) Principal Peter Marc D. Magsalin said employers are backing longer work “immersion” for senior high school students beyond the minimum 80 hours stipulated by the Department of Education (DepEd). He said the need is particularly critical for students in the TVE strand.
“The concern arose from the business sector because for them, the longer students are exposed to training the better are the chances of them developing their competencies and skills,” he told BusinessWorld last week.
He added: “Longer work immersion (means) better employability.”
In ERDA Tech, work immersion for senior high school students is 640 hours over five months. Designing this into their school calendar has proved to be challenging but Mr. Magsalin said that the school is trying to find ways to accommodate students’ schedules.
“We have partnerships with industry to offer not just work immersion but also continuity of higher TechVoc training,” he said.
Mr. Magsalin added that the around 30% of the school’s graduates work after leaving school with the rest pursuing higher education. A number of its Grade 12 students are also certified by the Technical Education and Skills Development Authority (TESDA) certified before they graduate.
Mr. Magsalin also highlighted the importance of simulating work conditions for TVE students at the school level. Lab and workshop subjects for the TVE students are typically all-day sessions as opposed to two hours for most schools.
“The idea is to simulate the real world. If they have to stand for seven to eight hours, they have to learn that first. What we have learned running technical programs in shops using two-hour, three-hour schemes a day is that after two or three hours, they fall asleep or lose motivation. Companies give us that feedback. We thought that everything that will be done at work beginning this school year has to be simulated. After the first year, the feedback is outstanding,” Mr. Magsalin said.
Reporters were toured ERDA Tech’s facilities, which are equipped for automotive servicing; electrical installation and maintenance; machining; and the food trade. The school’s equipment is largely funded by corporate or individual sponsors.
The school is also one of two nationwide that has its own AutoCAD lab for its high school students. AutoCAD is a tool used in the computer-aided design process.
Mr. Magsalin said TVE is a viable alternative to university training. “Because we’re a technical vocational institution, we need to provide that exposure,” he added. — Gillian M. Cortez

ILO considers AI to be complementary to human work force

THE International Labor Organization (ILO) said Artificial Intelligence (AI) is likely to complement the labor force to boost workplace productivity rather than replace workers altogether.
In the ILO blog, Ekkehard Ernst, an expert on the future of work and AI, said technology will not be the job killer that most have feared.
“AI-based digital technologies may allow larger segments of the labor market to improve their productivity and access better-paying occupations, which in turn may help promote inclusive growth,” he said.
For developing countries, Mr. Ernst said AI cuts capital costs which will be beneficial for their economies. The downside is that since not all economies are equipped with knowledge of how to handle AI, more worker education is required to adjust to the rapid growth of digitization. New policies that focus on training and upskilling are a necessity especially as AI usage booms industry-wide.
Other efforts are needed for other lagging countries to catch up, Mr. Ernst said. “Policy-makers and social partners also need to ensure that individual companies cannot gain market dominance and so exclude others… We need to devise tax policies that level the playing field among companies, boost international cooperation and ensure social dialogue, so allowing technologies and their benefits to be shared more effectively.”
In the World Economic Forum’s (WEF) Future of Jobs 2018 report, 84% of companies surveyed from the Philippines said they are likely to hire new staff who are already knowledgeable about new technology and 80% are likely to retrain their current employees. Some 74% also expect their employees to pick up necessary knowledge and skills on the job.
Asked to comment, Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) Spokesperson Alan A. Tanjusay concurred with the ILO on the need for businesses to prepare the workforce.
“It is a threat if the workers and business owners don’t evolve, prepare, train and skill-up for it,” he said in a mobile message to BusinessWorld.
In the Philippines, AI should complement rather than replace the labor force of 41 million, according to AI Talent recruitment platform Rumarocket’s COO Shao Yong Chew, who said AI in the Philippines focuses on the jobs that human workers are less suited to perform.
“In countries like the Philippines where the cost of labor is low, it is simply not economical to develop AI that simply replaces what a human can do. AI developers are actually forced to evolve and create AI that do things a human cannot do,” he said in an email to BusinessWorld.
He added that for AI solutions to become successful, it must “(t)ake into account both human and AI’s strengths. These collaborative AI products will help design new jobs where humans and AI work together to leverage on each others strengths.”
On the part of Rumarocket, the company uses a unique recruitment algorithm that aids their clients to hire the right people and help retain them. It helps HR personnel select the right talent which would normally involve spending longer periods looking through resumes and conducting interviews of applicants. While AI was initially not embraced by the HR industry, it soon became complementary to their recruitment objectives.
“Before we implemented our recruitment AI, majority of a recruiters’ day was spent combing through resumes and judging if job applicants were fit for the role. When our recruitment AI was able to select job applicants 15% — 5200% better than a human could, many of the recruiters were terrified because they were afraid our recruitment AI would take their jobs,” Mr. Shao said.
“Our AI used objective data to select the best applicant and the recruiters used their creativity and empathy to attract the best applicants,” he added.
Mr. Tanjusay said the use of AI will determine whether it boosts productivity.
“[AI] is a new source of potential and opportunity for both workers and capitalists to raise productivity,” he said. — Gillian M. Cortez

Hello Kitty does Hollywood after years of film rights talks

ONE OF Japan’s most beloved cat cartoon characters is headed for Hollywood.
Sanrio announced on Wednesday that it will team up with New Line Cinema and FlynnPictureCo. to create an English-language Hello Kitty film for global audiences, with Warner Brothers as distributor.
The iconic cat, first designed in 1974 with a trademark pink bow, will be turned into a movie character after nearly five years of talks to secure the film rights. The new partnership also includes film rights to Sanrio’s other creations, including the pink rabbit My Melody and Gudetama, a slouching egg-shaped cartoon character.
“Hello Kitty has long been a symbol of friendship and we hope this film will only serve to grow that circle of friendship around the world,” said Sanrio CEO Shintaro Tsuji. Shares in Sanrio, which develops cartoon characters and merchandise items, jumped as much as 12.1%, marking the biggest intraday gain since March 16, 2011.
Investors anticipate a recovery in Sanrio’s earnings in the next fiscal year even as the company is on course to see its fifth year of profit declines. Shares are up 17% since the start of the year.
“Markets are looking positive at the chance of Hello Kitty walking down the red carpet,” said Masayuki Otani, chief market strategist at Securities Japan, Inc. in Tokyo.
Hello Kitty follows a trend of US and Japanese companies teaming up to bring Japan’s beloved characters to Hollywood. Pokemon Detective Pikachu, produced by The Pokemon Company, Legendary Entertainment, Toho Company and Warner Brothers, is slated for release in the US in May.
Last January, Nintendo Co. and Illumination Entertainment announced partnership to develop an animated movie on Super Mario Bros., while Paramount Pictures and SEGA of America Inc. have teamed up and co-produced a film featuring SEGA’s Sonic the Hedgehog. — Bloomberg