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New games push DigiPlus Q2 profit 30% higher to P4.2B

DIGIPLUS.COM.PH

TANCO-LED digital entertainment provider DigiPlus Interactive Corp. posted a 30% rise in its second-quarter (Q2) net income to P4.2 billion from P3.23 billion a year earlier, driven by growth in its retail games segment.

April-to-June revenue surged by 31% to P24.71 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 32% to P4.5 billion, DigiPlus said in a regulatory filing on Thursday.

“These figures were driven by new game offerings across DigiPlus’ platforms,” the company said.

DigiPlus runs the BingoPlus, ArenaPlus, and GameZone platforms. According to its website, the company has expanded since 2022 to offer more than 1,000 games, such as bingo, e-casino titles, and traditional perya games.

DigiPlus said its first-half net income surged by 61% to P8.4 billion from P5.23 billion in the previous year.

Revenue grew by 47% to P47.78 billion on the back of increased business activity and the rollout of new games and licenses. EBITDA climbed by 65% to P9.09 billion.

“The company’s performance reflects continued growth in its retail games segment, as well as contributions from new product offerings and operational efficiencies,” DigiPlus said.

In July, DigiPlus announced it is expanding into South Africa, following the planned launch of its Brazil operations next month, as part of its continuing international expansion.

DigiPlus was listed in the Fortune 500 Southeast Asia for the second straight year in the second quarter.

It also received the Digital Operator of the Year award at the 2025 Global Gaming Awards Asia-Pacific.

On Aug. 7, DigiPlus joined the Interim Council of the PlaySafe Alliance of the Philippines, which was formally signed into agreement by 19 founding organizations.

“This alliance is not about competition—it’s about collaboration,” DigiPlus Chairman and alliance founding member Eusebio H. Tanco said.

“By working as one, we can ensure that online gambling in the Philippines becomes more secure, transparent, and beneficial to both players and the nation,” he added.

DigiPlus remitted P18.4 billion in government taxes and regulatory fees during the first half.

On Thursday, DigiPlus shares fell by 19.83% or P5.95 to P24.05 apiece. — Revin Mikhael D. Ochave

Alliance Global Q2 income jumps 25% to P5.3 billion

ALLIANCEGLOBALINC.COM

ANDREW L. TAN-LED conglomerate Alliance Global Group Inc. (AGI) posted a 25% rise in second-quarter (Q2) attributable profit to P5.3 billion on a normalized basis, driven by its real estate and tourism segments.

April-to-June consolidated revenue stood at P45.3 billion on a normalized basis, slightly higher than the P45.08 billion recorded in the same period last year, AGI said in a regulatory filing on Thursday.

For the first half, AGI said its net income grew by 39% to P19.2 billion as revenue reached P100.9 billion.

AGI booked a one-time gain of P3.4 billion after reclassifying McDonald’s Philippines operator Golden Arches Development Corp. (GADC) from a consolidated subsidiary to an associate in its financial statements. The conglomerate holds a 49% stake in GADC.

Excluding such one-offs and netting out all GADC items in the financials, AGI said its attributable net profit grew by 23% to P10.1 billion while consolidated revenue went up by 3% to P87.1 billion. 

“AGI delivered strong results in the first half of the year, benefitting from a buoyant domestic economy despite ongoing global uncertainty,” AGI President and Chief Executive Officer Kevin L. Tan said.

“Our strong performance was also accompanied by ongoing cost-efficiency measures, which we implemented across all our business segments. By managing our costs, we hope to enhance our operating leverage to ensure a more robust growth in profit as the economy further recovers,” he added. 

On the property business, Megaworld Corp. saw a 25% increase in attributable net income to P10.7 billion as revenue climbed by 10% to P43.1 billion.

Real estate sales grew by 9% to P27.1 billion amid the rise in residential demand and steady project completion. Sales reservation reached P54.7 billion while project launches stood at P10.4 billion.

The office segment through Megaworld Premier Offices saw a 17% increase in office rental income to P7.4 billion due to new leases, capacity additions, and a stable occupancy rate of 87%.

The malls business led by Megaworld Lifestyle Malls contributed P3.3 billion to group revenue, up by 10%, on improving foot traffic, new tenants, and a 93% occupancy rate. Megaworld Hotels & Resorts, accounted P2.8 billion in revenue, reflecting a 19% improvement. 

“During this period, our group took advantage of pockets of opportunities in the market to boost our residential and retail sales, as well as our office take-up,” Mr. Tan said. 

The liquor manufacturing segment led by Emperador Inc. recorded P3.9 billion in attributable net income and P28.2 billion in consolidated revenue, driven by improved domestic brandy sales, stronger whisky sales, and wider overseas sales.

“Our spirits segment sustained its recovery in sales, a testament to the strength of its brands that have been expanding their presence in the local and international markets,” Mr. Tan said.

On the leisure and tourism segment, Travellers International Hotel Group, Inc. grew its earnings before interest, taxes, depreciation, and amortization by 11% to P4.5 billion. Its attributable income stood at P315 million while gross revenues reached P18.9 billion. 

Gross revenue stood at P9.2 billion, as gross gaming revenues reached P7.5 billion, led by steady growth in mass business.

Non-gaming revenue reached P1.7 billion amid 90% hotel occupancy as the Newport World Resorts complex continued to enjoy healthy foot traffic.

“Our tourism and leisure segments also enjoyed increased activities and occupancy, tapping into the increasing demand for staycations and meetings, incentives, conferences, and exhibitions events,” Mr. Tan said.

AGI shares were unchanged at P7.50 apiece on Thursday. — Revin Mikhael D. Ochave

Filinvest Development Q2 profit surges 44%

FILINVESTGROUP.COM

GOTIANUN-LED Filinvest Development Corp. (FDC) reported a 44% year-on-year increase in second-quarter (Q2) attributable net income to P3.78 billion, driven by gains across its banking, real estate, power, hospitality, and sugar operations.

Total revenue and other income for the second quarter increased by 1% to P29.21 billion from P29.04 billion a year ago, FDC said in a regulatory filing on Thursday.

First-half attributable net income grew by 34% to P7.43 billion from P5.54 billion the prior year. Total revenue and other income improved by 5.5% to P58.5 billion.

“The growth was broad-based with banking, real estate, power, hospitality and sugar posting double-digit profit increases,” FDC said.

Banking contributed 38% or P3.2 billion of FDC’s net income, followed by power at 32% or P2.7 billion, property at 19% or P1.7 billion, and sugar at 11% or P997 million.

“We sustained our strong growth momentum in 2024 to the first half of 2025. All our business units contributed to this performance despite several challenges,” FDC President and Chief Executive Officer Rhoda A. Huang said.

“We are striving to deliver strong results for the entire year. We are harnessing the energy of the organization to continuously grow the business despite some headwinds,” she added.

For the banking segment, East West Banking Corp. saw a 15% increase in net interest income to P19.2 billion due to higher consumer loans.

Consumer lending remained the bank’s core product, accounting for 84% of the total loan book. Non-interest income went up by 29% to P3.5 billion.

The power business led by FDC Utilities, Inc. posted lower revenue and other income at P9.6 billion due to lower spot market activity and decline in coal cost pass-through rates in the period.

The real estate segment led by subsidiaries Filinvest Land, Inc., Filinvest Alabang, Inc., and Filinvest REIT Corp. recorded a 9% increase in revenue to P13.8 billion on higher residential sales and mall rental.

Residential sales climbed by 6% on stronger demand from the low-affordable and the high-end segments. Mall and rental revenues rose by 11% to P4.5 billion on higher occupancy and foot traffic.

Hotel operations under Filinvest Hospitality Corp. recorded a 7% revenue growth to P2.2 billion on better occupancy, higher volume and spend per guest, as well as improved contributions from the food and beverage segment.

The sugar business through Pacific Sugar Holdings Corp. saw a 23% increase in revenue and other income to P4.6 billion on higher milling and raw sugar sales.

FDC shares fell by 0.21% or one centavo to P4.75 per share on Thursday. — Revin Mikhael D. Ochave

Jollibee Group Q2 profit climbs 5.6% to P3.21B on higher sales

BW FILE PHOTO

LISTED fastfood giant Jollibee Foods Corp. (JFC) reported a 5.6% year-on-year increase in second-quarter (Q2) attributable net income to P3.21 billion, supported by higher system-wide sales (SWS).

SWS for the second quarter improved 19.6% to a record-high P114.5 billion from P95.8 billion a year ago, JFC said in a regulatory filing on Thursday. 

The Philippine business grew its SWS by 11.3%, with Jollibee and Mang Inasal increasing by 13.3% and 13.9%, respectively.

The international business reported a 32.6% SWS growth as the coffee and tea segment saw a 68.6% improvement led by South Korean coffee chain Compose Coffee.

Revenue climbed by 15.5% to P77.63 billion while operating income rose by 19.1% to P6.04 billion. 

“The Jollibee Group delivered strong financial results for the second quarter, with both revenue and profit growth accelerating compared to the first quarter — reflecting our continued business momentum and improved operational execution,” JFC Chief Executive Officer Ernesto Tanmantiong said. 

“This operating income growth highlights the strength of our coffee and tea segment and sustained contributions of our Philippine business and Jollibee International, underscoring the effectiveness of our multi-brand and multi-market strategy,” Mr. Tanmantiong said. 

Same-store sales growth (SSSG) for the quarter reached 5.5%. SSSG of the Philippine business increased by 6.4% while SSSG of the international business grew by 4.1%.

“Our strong operating results this quarter reflect not only the positive impact of our strategic acquisition but also the underlying resilience of our business,” Jollibee Group Chief Financial and Risk Officer Richard Shin said.

“Disciplined execution of both our cost optimization initiatives and portfolio innovation efforts helped stimulate growth and profitability. The expansion in operating margin and earnings underscores the effectiveness of our strategy,” he added.

For the first half, JFC saw a 0.7% drop in attributable net income to P5.62 billion from P5.66 billion a year ago.

SWS increased by 19.2% to P217.74 billion while revenue went up by 15% to P147.85 billion. Operating income also grew by 18.4% to P10.85 billion.

Mr. Shin said JFC will continue to “selectively deploy” capital expenditures, with a focus on supporting the growth of the Philippine business, Jollibee international, and coffee and tea segment.

“This balanced approach ensures that our investments are aligned with both strategic priorities and return objectives,” he said.

Mr. Shin noted that JFC’s China business is showing early signs of recovery, marking a potential turnaround in performance.

He added that Smashburger has a “clearly defined path” toward improving financial performance, supported by operational improvements, product innovations and conversion of company owned stores to franchised stores.

On the coffee and tea business, Mr. Shin said that Compose Coffee is set to surpass 3,000 stores.

“Compose Coffee remains on track to deliver a 36% return on invested capital in 2025, demonstrating the value-creating potential of this acquisition,” he said.

“The coffee and tea segment continues its upward trajectory, emerging as one of the fastest growing segments. Expansion across key geographies is driving incremental revenue and margin enhancement,” he added.

As of end-June, JFC increased its store network by 45.5% to 10,119, consisting of 3,424 stores domestic stores and 6,695 international stores.

The international stores consist of 547 in China, 357 in North America, 400 in Europe, the Middle East, and Africa, 896 with Highlands Coffee mainly in Vietnam, 1,261 with The Coffee Bean and Tea Leaf, 346 with Milksha, 2,809 with Compose Coffee, and 79 with Tim Ho Wan.

JFC shares rose by 2.33% or P5 to P220 per share on Thursday. — Revin Mikhael D. Ochave

Luxury Makati project in the works for SM Prime’s Signature Series

JOSE JUAN Z. JUGO

PROPERTY developer SM Prime Holdings, Inc. said its premium residential brand Signature Series by SM Residences plans a luxury Makati project, targeting a possible launch in the first half of 2027 amid strong demand from high-net-worth buyers.

“We may be able to launch by the first half of 2027 if things go as planned. There are many moving parts at this point, and it is still quite early to say that things will go in a particular way,” SM Prime Executive Vice-President and Signature Series Group Head Jose Juan Z. Jugo said at a recent virtual briefing.

Mr. Jugo said this as Signature Series is finalizing talks with an unnamed local strategic partner for the planned luxury development that will sit on a one-hectare land in Makati City.

“Makati properties are not very big because of scarcity. What we’re talking about is less than one hectare. With regard to this particular project, we want to take our time in planning the project in the best way possible. And because of that, the planning might take several months,” he said.

“We’ve looked for the best possible partner for this property. We’ve come down to a potential partner that is locally based. We feel that this partner will bring a very good partnership with us because of the longevity they’ve had in the local market and the presence they’ve had in the market we want to penetrate,” he added.

Mr. Jugo said the company is pursuing the Makati project amid strong demand from high-net-worth individuals and families.

“If we study the residential market in the Philippines, we see that the space for premium primary residential has not yet been addressed to its best capacity. Signature Series is entering this space to make a new mark, harnessing SM’s strong organization, resources, and commitment,” Mr. Jugo said in a separate statement on Thursday.

Last month, SM Prime earmarked an initial P25 billion in capital expenditure for the first project of Signature Series that will feature the development of a 284-hectare property in Muntinlupa City.

The project will feature residential clusters, neighborhood retail, civic spaces, pocket parks, and an ultra-luxury village.

SM Prime shares dropped by 1.26% or 30 centavos to P23.50 per share on Thursday. — Revin Mikhael D. Ochave

Food Delivery and the hunger for truthful stories

Film on West Philippine Sea fisherfolk, sailors hits cinemas

FOLLOWING a cancellation of its initial run at the Puregold CinePanalo Film Festival back in March, the documentary Food Delivery: Fresh from the West Philippine Sea finally premiered at Gateway Mall 2 on Aug. 13. It is now showing at Gateway Cinemas in Quezon City, and in select Ayala Malls Cinemas throughout the country.

The film follows Filipino fishermen and sailors stationed at the frontlines of the fight for national sovereignty. Through their personal stories, the documentary sheds light on the struggle to get food to and from the distant isles in the highly contested West Philippine Sea (WPS).

At the premiere, presented by the Quezon City local government and the QCinema International Film Festival, two of the fishermen in the center of the film attended to share their thoughts after the screening.

Itong paglaban, hindi lang laban ng mangingisda. Laban po ito ng lahat ng Pilipino (This fight is not just the fight of fishermen. It’s the fight of all Filipinos),” Ozman Pumicpic told the audience.

Lagi ko iniisip, paano na lang kung habangbuhay ito mangyayari? Paano ’yung mga bata pa na lumalaki tapos sa susunod na henerasyon ito pa rin ang nangyayari? (I always think, what if this is a lifelong battle? How about the children growing up, then the next generation who will still face these problems?)” he said.

China claims sovereignty over nearly the entirety of the South China Sea, a key waterway that sees more than $3 trillion in annual ship-borne commerce, despite much of it also being claimed by various Southeast Asian countries, including the Philippines.

For the Philippines, the area of the South China Sea under its jurisdiction is referred to as the West Philippine Sea — and these are the same waters where Subic-based Mr. Pumicpic and his community make a living.

Food Delivery shows him and another fisherman, Arnel Satam, working near Scarborough Shoal, where they are monitored and sometimes harassed by Chinese ships. Meanwhile, the Philippine Coast Guard (PCG) and the Philippine Navy stationed in the WPS must patrol the area with caution.

Tying together these stories is the common thread of food being a vital resource, be it for fish ports, markets, and establishments to which the WPS fisherfolk sell their catch or the PCG who must get supplies out to the Marines manning outposts in the distant islets.

A ROLLERCOASTER RIDE
Documentary filmmaker Baby Ruth Villarama told BusinessWorld that she did not expect getting the film out to be this challenging.

“Due to external pressure, the original premiere did not happen. It’s been a rollercoaster ride since,” she said.

The film instead premiered in New Zealand in June, at the Doc Edge Festival. The Chinese Consulate in New Zealand sent an e-mail to the Auckland-based festival’s organizers, which called the documentary “rife with disinformation and false propaganda.”

Doc Edge held firm and went ahead with the premiere.

It would be a little over a month later that the film reached Philippine shores, through a week of special screenings at the Power Plant Mall in Rockwell, Makati, attended by journalists, government leaders, the military, the coast guard, and fisherfolk.

Various mall cinemas have since expressed interest in showing the documentary, Ms. Villarama explained.

“This screening in Gateway is very vindicating, because this is the exact cinema where we were supposed to premiere back in March. It’s extra special,” she said. “For Power Plant to lead the way was important. Ayala came and Gateway followed. Megaworld will be next week.”

She added that even if the screenings are limited to once or twice a day, the goal is for Filipinos to “come and be exposed to these stories, so they know how important the West Philippine Sea is.”

PUTTING IT ALL TOGETHER
Food Delivery is structured in a way that traces the paths of food, allowing the geopolitical complexities to take a backseat in favor of the on-ground, human experiences taking place.

Within the first few minutes, it provides context through a montage of headlines, archival footage of maritime clashes between the Philippines and China, and visual guides of the differing borders maintained by each country. It’s also backed by audio statements from the past two Philippine presidents and the current one, reflecting the country’s inability to enforce the 2016 Permanent Court of Arbitration ruling that declared the area as the Philippines’.

After that jumping point passed, the rest of the film opts to drift at sea with the people it depicts, to show and not tell, to be more personal than political.

In an interview back in March, Ms. Villarama told BusinessWorld that this was her goal, to let the people themselves shine. “To witness their life, their choices, and the things that make them happy is the most priceless experience,” she said.

Local coast guard and navy personnel shut down all their lights while Chinese drones patrol in the air. Local fishermen in their bangkas make a living out at sea, aware of the risk of Chinese motorized boats hosing them down if they go too near.

Those who have already seen news reports on the WPS will find nothing new in terms of information, with the film’s focus veering towards a sentimental, personal lens rather than a bitingly logical, big-picture one. Thus, there is a treasure trove of natural wonders and humanist utterances that only a crew spending weeks at a time filming people out at sea could find. This includes schools of fish — a bounty of food that will later end up in markets, restaurants, and hotels — swimming into the waiting nets, and flocks of seagulls free to fly and land wherever they please while the marine personnel watching below are restricted, grounded by laws.

By tying together seemingly fragmented lives, all bound to the waters and at the mercy of the geopolitical frictions that churn its waves, Food Delivery succeeds with what its director calls “a soft-power approach,” shedding light on what is actually happening out at sea. — Brontë H. Lacsamana

CREC second-quarter profit jumps to P305.5M, revenue hits P1.26B

Citicore Solar Negros Occidental — CREIT.COM.PH

LISTED renewable energy company Citicore Renewable Energy Corp. (CREC) said its attributable net income more than doubled in the second quarter (Q2) to P305.47 million, driven by higher revenues.

Revenues increased by 16% to P1.26 billion from P1.09 billion a year ago, according to the company’s financial report released on Thursday.

Electricity sales grew by 19% to P1.08 billion, while lease income remained stable during the period. Service fees increased by 14.3% to P17.46 million.

For the first six months of the year, CREC registered a 64.2% increase in net income to P629.74 million from P456.4 million a year ago. Revenues grew by 27.9% to P2.67 billion from P2.09 billion in the previous year.

Growth was driven mainly by a 32% increase in electricity sales to P2.29 billion, benefiting from an expanded mix of off-takers composed of direct corporate and industrial clients, higher renewal rates of existing contracts, and programs under the government’s Feed-in-Tariff and Green Energy Auction.

Earnings before interest, taxes, and depreciation (EBITDA) also climbed by 22% to P932 million from P765 million.

“CREC’s pure renewable energy platform remains an attractive choice for direct customers such as corporates and industrials. We continue to expand our customer base through our renewable energy portfolio as well as our commitment to providing tailored and efficient energy solutions,” said CREC President and Chief Executive Officer Oliver Tan.

CREC recently closed a $120-million share subscription agreement with Indonesia’s state-owned Pertamina New and Renewable Energy (Pertamina NRE).

Under the partnership, Pertamina NRE subscribed to a 20% interest in CREC, giving CREC access to jointly explore renewable energy investments in Indonesia, including potential solar and wind projects and collaboration on carbon credit development and trading.

CREC aims to add 1 gigawatt (GW) of capacity annually to the Philippines’ energy mix, focusing on ready-to-build or under-construction projects over the next five years, targeting a total of approximately 5 GW by 2028.

The company manages a diversified portfolio of renewable energy generation projects, power project development operations, and retail electricity supply services.

CREC said it is set to energize its first hybrid solar-AgroSolar and battery facility in the second half of the year.

“Citicore can achieve baseload levels and fully maximize the use of the facilities by combining agriculture and solar generation,” Mr. Tan said. — Sheldeen Joy Talavera

Incoming

A SCENE from Weapons

Movie Review
Weapons
Directed by Zach Cregger
MTRCB Rating: R-16

FIRST OF ALL: Weapons is easily the best horror in 2025 to date, an ingeniously written, inventively shot and staged film written and directed by Zach Cregger, whose debut feature Barbarian was also an inventive ingenious horror written and directed back in 2022.

All that out of the way — WARNING: plot and surprise twists discussed in close and explicit detail!

First thing that strikes you is the fairly unusual script — not for Cregger the trope of the brave young woman caught in a perilous situation; in an interview he recounts how he had started with something similar in Barabarian (girl arrives late one stormy night at a Detroit Airbnb only to find it already occupied by creepy young man) was immediately bored with the limited possibilities and wondered how he could change things up. In his case the solution was both simple and radical: he shifted perspective and brought in someone new.

With Weapons he ups the ante: Justine (Julia Garner) comes to class only to find all her students absent save Alex (Cary Christopher); the community is upset and angry at the disappearance of their children and blame Justine; she naturally feels motivated to find out what had happened, and perhaps make sure Alex is all right.

Cregger follows Justine’s thread far as it goes then pivots to follow someone else’s; the result is a tapestry that captures the mood and personality of an entire town, or a surprisingly wide sample of its citizenry.

He’s cited Paul Thomas Anderson’s Magnolia with its multi-character, multi-narrative script as inspiration, but I submit an equally relevant influence is, of all things, Stanley Kubrick’s The Killing, where the strands of various characters are woven together to execute a racetrack heist — here you see the same rewinding back to a previous event, the same retelling an incident from a different point of view, the way discrete moving parts come together to form a complex whole — not this time the mechanism of a tightly planned robbery but of a haphazardly staged crime investigation, where there’s the added suspense of which eventually succeeds, the coverup or the investigation (for much of the picture it’s pretty much neck-and-neck). The lucky breaks, the unlucky accidents, the sometimes surreal way things can come together or unravel — Cregger hooks you and drags you along, wanting to know not just what happened but how it happened and why, arguably the most primal appeal of the art of storytelling.

But it isn’t just all about story, which is impressive enough; the characters engage. Justine has the clenched jaw look of someone who suffered a traumatic ache, got blamed for it, and is determined to prove the whole community wrong; Archer (Josh Brolin), business owner and father of one of the vanished, has the more haunted look of someone who regrets not knowing what he had till it was taken from him (but still hasn’t learned all the lessons — Cregger leaves the suggestion, unresolved, that Archer is responsible for a sophomoric act of vandalism on Justine); Paul (Alden Ehrenreich) is a sad sack cop with an impulsively heavy fist who can’t stay away from Justine (they meet for the odd hookup), keeps getting in trouble (he’s really dating his superior’s daughter and tiptoes round the boss’ good side); local druggie James (Austin Abrams) is equally funny as a professional leaf on a wind and Paul’s occasional punching bag; Marcus (Benedict Wong) is amusingly beleaguered as Justin’s school-principal boss and constant defender to the angry parents.

Cregger doesn’t quite see his people as plot functions; each has their points of view, their varying predicaments, their sometimes foolish, sometimes cruel ways of dealing with each other; we view them, we laugh at their absurdities (in an interview Cregger noted that when he tried to write a deliberate joke it fell flat, but when he just let a character act according to his or her nature, the humor came across unforced and honest), we can’t help but be invested in what might happen to them.

The picture’s far from perfect. I’d like to have seen a more grounded form of witchcraft taking details from actual rituals — but I suppose Cregger would leave himself open to accusations of cultural appropriation or, worse, demonizing a niche sect (speaking strictly for myself, I’d love the publicity). The director strains credulity when he asks us to believe Alex can move around town unnoticed, buying bags of canned soup without his dad taking him in the family car (which he’d previously been seen doing), and stretches credulity even further when the police don’t dig deeper into Alex’s family circumstances considering he’s the only student left. I’d also note that while Cregger is deft at introducing and developing characters (even better, I submit, than ostensible role model Paul Thomas Anderson), he still hasn’t mastered the knack of granting them a suitable exit — Marcus in particular feels poorly served (Justine could at least pause a moment to mourn him, he seemed like a real if reluctantly supportive ally to her); same with Paul and James, who deserve to be in each others’ arms, if not at each others’ throats.

The film does have its memorable imagery, an essential for good perhaps great horror — mainly the way the kids flit into the night with arms spread out like, as someone pointed out, winged sycamore seeds, or, better yet, like cruise missiles dropped and winging their way to the preassigned target. I like the way it uses long sustained shots and unsettling staging and framing — motionless figures in the dark glimpsed at from the top of a stair for example — to ratchet up suspense. The film isn’t as off-kilter quirky visually as Osgood Perkins’ Longlegs — the flavor of some of Perkins Jr.’s compositions still linger on the tongue — but Cregger does show ability.    

As the crucial Gladys, introduced late in the story (chillingly foreshadowed in one of Archer’s dream sequence), Amy Madigan goes full-on batshit complete with caked makeup and Stephen King clown fright wig — she’s clearly channeling Ruth Gordon’s Minnie Castevet in Rosemary’s Baby but can’t quite capture Gordon’s sly sense of humor (ambitious noteworthy attempt, though). I do think her ultimate fate is fully hilariously realized (and as for the complaint that the finale is more comedy than horror — Oh come on: Sam Raimi, John Carpenter, Wes Craven, George Romero, Mario Bava, James Whale. Show a little intellectual flexibility).

Maybe the core performance of the film is Cary Christopher’s Alex — his story explains what’s going on and if you don’t fall for his character or feel his predicament the whole picture falls flat. I recognize Alex — have worked with him or kids like him before, the youth who finds himself in over his head, forced due to circumstances to step up and act as surrogate parent to people he cares for, sometimes operating below the radar of society. Kids like Alex are amazing — the strength, the resilience they show — but victims too; the term we have for them are “parentified children” and it’s not a (how do you put it?) superpower but a sustained and painful trauma, with lasting consequences; kids aren’t meant to be parents, they’re meant to be kids, to be as goofy as they need to be before sloughing it all off (or at least most of it) and assuming the mantle of responsibility. Cregger, to his credit, doesn’t cure everyone with a miraculous wave of the wand; some don’t start speaking again till years after, others are institutionalized — but what happened to Alex, you know from the look on his face, will stay with him for the rest of his life.

Ayala Malls to upgrade three Cebu malls with P12.7-B investment

AYALA CENTER CEBU — AYALA MALLS

LISTED property developer Ayala Land, Inc. (ALI) said its retail unit Ayala Malls will invest P12.7 billion to develop and renovate three Cebu-based malls, betting on rising consumer demand in Central Visayas.

The investment forms part of ALI’s plan to “reimagine” its malls, with phased rollouts between 2025 and 2028.

It covers three Ayala Malls in Cebu: Ayala Center Cebu, Ayala Malls Central Bloc in the Cebu IT Park, and Ayala Malls Gatewalk in Mandaue.

“Cebu is the economic heart of the Visayas, home to a rapidly growing urban population, a robust middle class, and rising consumer spending,” Ayala Malls Chief Operating Officer Paul Birkett said in a statement on Thursday.

“Cebu (and the larger Visayas region) is experiencing unprecedented growth, and our substantial investment reflects not only our strong confidence in the region but demonstrates our commitment to elevating retail standards and ensuring that we remain relevant, resilient, and impactful for decades to come,” he also said.

Ayala Malls has a diversified portfolio in Cebu, serving targeted market segments. Its flagship Ayala Center Cebu is positioned as the lifestyle and luxury destination, catering to high-value consumers and international brands.

Ayala Malls Central Bloc is a dynamic hub for young professionals and the business process outsourcing workforce in the Cebu IT Park.

Lastly, Ayala Malls Gatewalk, a 17.5-hectare master-planned mixed-use estate, is expected to open in the last quarter of 2026.

Located within Gatewalk Central, Mandaue, the mall will have a gross leasable area (GLA) of 55,000 square meters (sq.m.) and 350 merchant spaces. It is designed as a vibrant entertainment and dining destination, housing creative hubs, gaming zones, and a massive, design-forward food hall.

Ayala Malls has grown its strategic footprint across the Visayas, reflecting long-term confidence in the region’s growth potential. Alongside its Cebu developments, Ayala Malls Capitol Central is in Bacolod City, while Shops at Atria is in Iloilo City.

Last month, Ayala Malls announced a P17.5-billion budget for its mall renovation program, with plans to add 700,000 sq.m. of new GLA over the next five years.

“Our malls are not merely commercial centers; they are integral components of our mixed-use estates and critical drivers of local economies,” Ayala Malls said.

ALI shares on Thursday fell by 1.47%, or 40 centavos, to close at P26.75 apiece. — Beatriz Marie D. Cruz

Warner Bros., Viu launch new streaming bundle by Q4

WARNER BROS. Discovery and Viu are set to offer a streaming bundle that offers HBO Max and Viu services in a single subscription by the fourth quarter.

“Our partnership with Warner Bros. Discovery is an exciting step forward in our promise to continually enhance Viu’s entertainment options and meet our viewers’ evolving tastes,” said Viu Chief Executive Officer and PCCW Media Group Managing Director Janice Lee in a statement on Tuesday.

“By combining HBO Max’s Hollywood content with Viu’s Asian favorites in a single bundle subscription, we’re offering more choice in shows, easier access to diverse content, and greater value across a wider range of programming,” she added.

The bundle is set to be launched across Indonesia, Malaysia, the Philippines, Singapore, and Thailand and will be available for direct purchases via HBO Max and Viu’s websites by the fourth quarter.

James Gibbons, president of Asia Pacific at Warner Bros. Discovery said that HBO Max bundles have proven consumer and business benefits in other parts of the world.

“This new streaming offering will provide strong entertainment value for consumers across Southeast Asia and help drive subscriber growth and stronger retention,” he said. “With access to two complementary and world-class collections in a single subscription, local fans can enjoy even more choice — from premium Hollywood movies and series to standout local Asian content,” he added.

Subscribers can access content from each service separately, and content, features, and device compatibility will vary by service. Additional details will be shared in the coming months.

“The bundle marks the first of its kind across multiple markets in Asia Pacific and will bring together the best of Hollywood content and premium Asian entertainment,” Viu said.

Through the bundle, subscribers can watch upcoming premieres and the breadth and depth of the complementary offerings of HBO Max and Viu.

These include global brands such as HBO, Harry Potter, Game of Thrones, and the DC Universe, as well as Viu Originals, popular Korean and Chinese dramas, and local productions from Southeast Asia.

“On HBO Max, fans can access blockbusters including A Minecraft Movie and Sinners, beloved franchises such as Friends, as well as HBO Original series such as The Last of Us and The White Lotus,” Viu said.

“On Viu, subscribers can stream celebrated reality series, such as Running Man and 2 Days 1 Night, Chinese dramas like The Immortal Ascension and Love Has Fireworks, and upcoming Viu Original Korean dramas, My Youth and Taxi Driver 3,” it added. — Justine Irish D. Tabile

Metro Retail profit jumps to P132.9M in Q2 on higher sales, store openings

METRORETAIL.COM.PH

LISTED Metro Retail Stores Group, Inc. said its second-quarter (Q2) net income more than doubled to P132.9 million from P50.1 million a year ago, driven by higher sales and store openings.

Net sales for the April-to-June period increased by 6.6% to P9.9 billion, supported by contributions from new stores, Metro Retail said in a regulatory filing on Thursday.

The company recently expanded its footprint to 76 stores with the opening of five new supermarkets in Talisay City and Liloan in Cebu, Ligao City and Guinobatan in Albay, and Gubat in Sorsogon.

Same-store sales growth reached 1.7%, a turnaround from the 1.7% decline in the first quarter.

For the first half, Metro Retail grew its net income by 45.7% to P146.3 million, while net sales rose 4.4% to P18.8 billion.

Food retail sales increased 2.8%, driven by the fresh category and contributions from supermarkets opened over the past year. General merchandise sales rose 8.8%, supported by back-to-school and home product sales.

Operating expenses also climbed to 21.4% of sales from 20.3% a year ago, due to higher utility rates in the Visayas region and increased labor costs.

“Our strong second-quarter results, highlighted by net income that more than doubled and earnings before interest, taxes, depreciation, and amortization with 47% growth, demonstrate our strategic execution and continued focus on profitability, expanding our network and enhancing product offerings that resonate with our customers’ preferences,” Metro Retail President and Chief Operating Officer Joselito G. Orense said.

“We are encouraged by the recovery in same-store sales and the significant growth in margins, which collectively establish a solid foundation for the remainder of the year,” he added.

Metro Retail shares were unchanged at P1.17 per share on Thursday. — Revin Mikhael D. Ochave

Stuff to Do (08/15/25)


Get a taste of Asia at Shangri-La Plaza

THIS MONTH, Shangri-La Plaza is taking mall visitors on a flavor trip around the region with The Marketplace Asian Fair. A celebration of food, cultures, and colors, it is ongoing until Aug. 17 at the Grand Atrium. Shoppers will find well-loved Asian brands and new products with deals and exclusive discounts. There is also a lineup of activities ranging from a live Taiko drum and Filipino cultural performance to informative demos such as a matcha ceremony and sushi rolling. Visitors get a chance to Snap & Shop while at the fair with life-size 3D art displays featuring photo spots across Asia. Meanwhile, Sorsogon will be the focus with “GoConut” at the Grand Atrium from Aug. 28 to 31. The trade fair will highlight the province’s vibrant coconut industry and its array of sustainable and innovative products. For updates and inquiries, follow Shangri-La Plaza on Facebook at www.facebook.com/shangrilaplazaofficial and on Instagram @shangrilaplazaofficial.


Party with viral OPM artists in benefit concert

A NEW WAVE of Original Pilipino Music (OPM) artists will be coming together for a one-night only concert for a cause. For the first time, Cup of Joe, Amiel Sol, Earl Agustin, and Maris Racal will unite on stage in YUGTO: Buhay at Pag-Ibig, slated for Aug. 15 at 8:30 p.m. at the Newport Performing Arts Theater, Pasay City. Tickets are now available at the Helixpay website, http://yugto.helixpay.ph, priced from P2,000 to P7,000.


View a critique of Martial Law through dance

THE DANCE production Alimuom sa Takip-Silim, based on research-driven choreography, will highlight the social injustices of the Martial Law era. The four-act drama will be staged beginning Aug. 15. It is presented by Unfolding Productions, a group of young artists from the dance program of the De La Salle-College of Saint Benilde (DLS-CSB). The public can see the production on Aug. 15 at 4 p.m. and Aug. 16 at 1 p.m. It will be staged at the 5th Floor Theater of the Benilde Design + Arts Campus, 950 Pablo Ocampo St., Malate, Manila.


Attend a performance of A Portrait of the Artist as Filipino

ARETÉ ATENEO is producing a Filipino translation of Nick Joaquin’s classic A Portrait of the Artist as Filipino, entitled Quomodo Desolata Es? The translation was written by Jerry Respeto and Guelan Varela-Luarca who is also the director. The play is set in Intramuros just before World War II and follows two sisters as they see the world change around them. It stars Gan Pangilinan, Delphine Buencamino, Omar Uddin, Vino Mabalat, and John Sanchez. There will be performances until Aug.17 at the Hyundai Hall, Areté, Ateneo de Manila University in Quezon City. Tickets range in price from P999 to P1,499 and are available via Helixpay.


Visit Lucky Chinatown’s Eastwave Asian Fest

THE Eastwave Asian Festival 2025 is ongoing at Lucky Chinatown Mall in Binondo, Manila, until Aug. 17. This is a showcase of local entrepreneurs that sell regional crafts, snacks, and specialty goods. Meanwhile, ongoing until Aug. 30, the Asia Fandom Fest will assemble K-pop fans selling photocards and other merchandise dedicated to Asian stars, all in one marketplace. On Aug. 30, P-pop artists and rising local acts will have a meet-and-greet experience called “StanZone,” with the lineup set to be announced soon. Finally, on Aug. 31, the Asia Pulse Festival concludes the month-long celebration with a high-energy dance cover showdown featuring some of the best Asian pop dance crews in the city.


Go to the circus at Side Show: The Musical

ONGOING until Aug. 17 at Circuit Makati’s Power Mac Center Spotlight is the Sandbox Collective’s production of Side Show: The Musical, which revolves around the life of conjoined twins and their fellow “freaks” who live in a carnival in 1930s America. The cast features Jon Santos, Tanya Manalang, Molly Langley, and Marvin Ong. Tickets are available through Ticket2me.


Learn about World War II with Ambeth Ocampo

THE Filipinas Heritage Library, in partnership with Purefoods Deli, presents “Cultural Casualties of World War II,” a lecture by historian and scholar Dr. Ambeth R. Ocampo. The 1945 Battle for Manila left deep scars not only on its people but also on the city’s cultural fabric. Historic sites and structures were reduced to rubble. Irreplaceable works of art, rare books, manuscripts, and invaluable records of the past were lost forever. In this lecture, Mr. Ocampo explores the cultural cost of war, examining both tangible and intangible losses. These include those captured in the poignant postwar paintings of National Artist Fernando Amorsolo. The lecture will be held on Aug. 16, 1:30-3:30 p.m., at the Ayala Museum, Makati Ave., Makati. This is one of The Roderick Hall Memorial Lectures 2025. Tickets range in price from P150 for students to P300 for regular tickets. They come with free one-day access to the Filipinas Heritage Library valid until Sept. 16.


Learn chess and Scrabble

THE Chess and Scrabble Club will be offering free tutorials in Quezon City this weekend. Taking place at the upper ground floor of Farmers Plaza in Araneta City, Cubao, Quezon City on Aug. 16 and 17, those interested in learning or in improving their skills in either chess or Scrabble can come and join in. Open to all levels, the sessions aim to provide a fun and supportive space to explore both games.


Watch the classic film A Portrait of the Artist as Filipino

THE CLASSIC Filipino film A Portrait of the Artist as Filipino, written by National Artist for Literature Nick Joaquin and directed by National Artist for Theater and Film Lamberto Avellana, will be screened at the Metropolitan Theater in Manila on Aug. 17, at 9:30 a.m. It is presented by the National Commission for Culture and the Arts (NCCA). Tickets are available via https://www.ticketmelon.com/met/mhnsf-a-portrait-of-the-artist-as-filipino-1965/.


Listen to Plume’s new single

ALTG Records has announced the release of “Panaginip,” the latest single from rising singer-songwriter Plume. The track, which pairs a groove with heartfelt storytelling, is now streaming on all major platforms. It is written and composed by Plume and brought to life through the arrangement of David Generato.


Grab a copy of Rio Alma’s new poetry book

THE latest book of poetry by National Artist Virgilio Almario (aka Rio Alma) will be out early next week. Titled Kanta kay Josefina, translated into English by poet Michael de Lara Co, with illustrations by Celeste Lecaroz, it will be launched at the Pista ng Sining sa Ferndale at Ferndale Homes, Quezon City, on Aug. 19. Other poetry books will be found there as well, as part of Quezon City Day and Araw ng Wika. Pista ng Sining will also feature the opening of an exhibit of artworks by resident-artists and the inauguration of Silid Aklatan, a library of literary collections for the youth. It takes place from 4 to 6 p.m. at the Ferndale Homes Clubhouse and will be open to the public.


Rock out with Chito Miranda at Hard Rock Cafe

ICONIC OPM frontman Chito Miranda is set to perform on Aug. 20 at Hard Rock Cafe Manila at Conrad S’Maison, Mall of Asia, Pasay City. The show starts at 9:30 p.m. and will include Parokya ni Edgar songs, with an acoustic set. Tickets are available for P2,500. For reservations, call (02) 8990-9809.


Get a new Filipino cookbook

THE book launch for Ang Kuwento ni Putli Mandi is set to take place at the Quantum Skyview, Upper Ground B, Gateway Mall 2, Cubao, Quezon City on Aug. 20. Known for championing regional flavors and heritage cooking, chef Miguel Cabel Moreno wrote the book to shed light on the powerful narrative of cuisine rooted in Filipino culture. It is part of his advocacy for cultural preservation through both food and literature.


Check out Gloc-9, Abaddon’s new rap collaboration

AWARD-WINNING artist and rap phenom Gloc-9 has just dropped his latest single, “BLGBGN,” featuring fellow rapper Abaddon. This new track continues Gloc-9’s monthly releases throughout the year. This latest one is an empowering song that encourages listeners to embrace life to the fullest.

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