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New seasons of HBO, Cinemax original series premiere

NEW seasons of four HBO and Cinemax original series — True Detective, Strike Back, Crashing, and High Maintenance — are premiering on HBO Go, HBO, and Cinemax this month.
The third season of the crime series True Detective, starring Oscar winner Mahershala Ali, kicked off yesterday, Jan. 14. The third seasons of Crashing and High Maintenance will premier back-to-back on Monday, Jan. 21. The 6th action-packed season of the Cinemax Original Series, Strike Back, which was filmed entirely in Malaysia, will premiere on Saturday, Jan. 26. All series will have a same day encore the same evening, with new episodes premiering at the same time weekly.
The eight-episode new season of True Detective tells the story of a macabre crime in the heart of the Ozarks, and a mystery that deepens over decades and plays out in three separate time periods.
Created by Nic Pizzolatto (The Magnificent Seven, Galveston), the series stars Mahershala Ali (Moonlight, The 4400) as Wayne Hays, a state police detective from Northwest Arkansas. Carmen Ejogo (Selma, The Purge: Anarchy) and Stephen Dorff (The Power Of One, Backbeat) also star.
Strike Back’s 10-episode sixth season follows the explosive escapades of Section 20, an elite, multinational, covert special ops team, as it spans the globe fighting a vast web of interconnected criminal and terrorist activity.
Returning cast includes Warren Brown (Luther), Daniel MacPherson (A Wrinkle In Time), Alin Sumarwata (Sea Patrol) and Jamie Bamber (Battlestar Galactica). Yasemin Kay Allen (Water and Fire) also star.
Created by and starring Pete Holmes (Comedy Central Presents: Pete Holmes), the eight-episode third season of Crashing finds Pete reinvigorated — and no longer crashing on people’s couches — as he reenters the NYC stand-up comedy world following his college tour.
Executive produced by Pete Holmes, Judd Apatow, Judah Miller, and Igor Srubshchik, the series draws on Holmes’ own experiences as a comedian, providing a nuanced, hilarious look at the state of comedy today.
Created by Katja Blichfeld and Ben Sinclair, the nine-episode third season of High Maintenance profiles everyday people whose stories of success, failure, love and loss intersect across New York, while delving deeper into personal life of The Guy (played by Mr. Sinclair), who is spending less time on his iconic bicycle and more time in “Steve RV,” a set of wheels gifted to him last season.

Astoria Current reopens in Boracay

ASTORIA Hotels & Resorts (AHR) said Astoria Current now has the biggest number of rooms among hotels along Station 3 in Boracay Island.
In a statement, the local hotel chain said it spent P1.5 billion for the expansion of Astoria Current, which was completed during Boracay’s six-month closure.
AHR completed the hotel’s annex building, bringing its total number of rooms to 205. Interior design firm Atelier Almario designed the new hotel rooms.
The company also added new facilities such as a function room and a swimming pool.
“We at Astoria Hotels & Resorts are proud to welcome guests to the renewed, revived Boracay Island at Astoria Current. We are one with the government in advocating for and implementing a more environment-friendly stay in the island so that Boracay will continue to be enjoyed by the future generations,” Jeffrey T. Ng, president of AHR said in a statement.
Astoria Current was one of the first resorts to receive the Department of Tourism’s go-signal to reopen in Boracay after complying with the environmental and local ordinances. — Vincent Mariel P. Galang

Gov’t upsizes Treasury bill award as bids for 364-day papers surge

TREASURY BILLS (T-bill) offered yesterday saw strong demand, with the government upsizing its award for the longest tenor even as it partially awarded the 91-day papers and even opening its tap and over the counter (OTC) facilities to accommodate bids.
The Bureau of the Treasury (BTr) borrowed P22.405 billion via the T-bills yesterday, higher than its initial P20-billion program and the P16.72 billion raised during the previous auction of the shorter-termed debt.
Bids from market participants totalled P66.939 billion, with the bulk of the demand going to the longest tenor, causing the government to award more 364-day papers than originally intended, which also more than filled the partial award it made for the 91-day debt.
Broken down, the Treasury borrowed just P5.205 billion through the 91-day T-bills out of the programmed P6 billion. Its average yield declined 1.5 basis points (bp) to 5.396% from the 5.411% fetched during the previous auction.
The government meanwhile made a full award of the 182-day papers, accepting P6 billion as planned out of total offers amounting to P17.26 billion. The average rate for the papers went down 27 bps to 6.154% from last week’s 6.424%.
For the 364-day securities, the government borrowed P11.2 billion, higher than the P8-billion program as it doubled the accepted non-competitive bids allowed by the Finance Department’s Order 141-95. Demand from investors amounted to P43.724 billion.
The paper’s average rate likewise slid 38.8 bps to 6.253% from the 6.641% quoted for the previous award.
To maximize the strong demand, the government opened a tap facility for the one-year papers from 2 to 4 p.m. yesterday to raise up to P8 billion more. It was made available to the 10 financial institutions earlier named as market makers.
On the other hand, the Treasury also opened the OTC sale of the 91-, 182- and 364-day instruments to government-owned and -controlled corporations.
Based on the PHP Bloomberg Valuation Service Reference Rates, the three-month, six-month and one-year papers were quoted at 5.795%, 6.373%, and 6.647% yesterday, respectively.
National Treasurer Rosalia V. De Leon said the government received huge demand for the T-bills auction amid liquidity in the market.
“Their cost of funding right now is maybe higher if they are offering time deposit which is also higher, so they have to get much higher compensation for the investment,” she said yesterday following the auction.
Ms. De Leon said there is liquidity in the market as indicated by the stronger local currency and the rise of the stock market.
“[We’re seeing] liquidity in the sense that after Christmas break, they’re all coming back, and given the peso has been strengthening,” she said. “There’s an inflow even for the stocks. We see foreign buying also in the markets. We see that there’s also demand from offshore.”
Sought for comment, a bond trader said yesterday’s auction results were “in line with market expectations” as the rates were down by 20-30 bps from last week’s auction, adding that the “stronger peso” continued to drive demand.
The peso has been strengthening against the dollar in the past few trading sessions amid increased market appetite for riskier currencies.
The government plans to raise P360 billion this quarter through domestic means. Some P240 billion will be borrowed through 12 weekly T-bill auctions during the three-month period, while P120-billion worth of T-bonds will also be issued through six fortnightly auctions. — K.A.N. Vidal

CityMalls partners with WWF-Philippines

CITYMALL Commercial Centers, Inc. (CityMall) teamed up with the World Wide Fund for Nature (WWF) Philippines to support the latter’s renewable energy efforts.
In a disclosure to the stock exchange on Monday, the subsidiary of DoubleDragon Properties Corp. said it signed a memorandum of agreement with WWF-Philippines to “help boost projects that promote and demonstrate renewable energy use, low carbon development in cities, and sustainable consumption and production.”
CityMalls committed to promoting WWF-Philippines campaigns such as “Seize Your Power” and “Earth Hour,” and other climate mitigation and adaptation initiatives at its community malls around the country.
“Climate change remains to be a vital issue that affects us in so many ways. We need all the help that we could get in order to ensure that we proactively contribute to global climate actions while we work on making the Philippines a climate-resilient nation where both people and nature thrive,” WWF-Philippines President and CEO Joel Palma was quoted as saying in a statement.
CityMalls has already installed solar power facilities in some malls, in partnership with Solar Pacific CitySun Corporation. Its community malls also use LED lights, modern waste treatment facilities, rainwater harvesting systems and green fans.
“DoubleDragon’s CityMalls are designed and built with above par quality that integrates green technology in line with our efforts of promoting sustainable development,” DoubleDragon Chairman Edgar J. Sia II said in the same statement.

Centris Cyberpod Five targets BPO companies

ETON Properties Philippines, Inc.’s newest office development Centris Cyberpod Five is targeting business process outsourcing (BPO) companies, as well as multinationals and local firms.
Centris Cyberpod Five, located within Eton Centris in Quezon City, is a 25-storey building with “space for flexible configurations to ensure smooth work flow and overall employee well-being.”
“With the right office space, companies can poise themselves for bigger growth in the country. Eton Properties’ strategically located offices already house the local offices of some of the world’s biggest businesses, and will continue to expand to meet the growing need for more strategically located, secure, and modern offices in the Philippines,” the company said.
The Centris complex is ideal for employees since it is near transportation hubs, Metro Rail Transit Line 3, buses, taxi bay, shuttles and jeepneys. There are also numerous restaurants and shops in Eton Centris.

GOT final season starts on April 15

THE 8th and final season of Game of Thrones will debut in Asia same time as the US on Monday, April 15, 9 a.m., exclusively on HBO GO and HBO. The debut date was announced with a new tease that was just released, entitled “Crypts of Winterfell” (#ForTheThrone). The teaser was directed by David Nutter, who won an Emmy in 2015 for his work on the season five finale “Mother’s Mercy.” It includes an original score by Ramin Djawadi, who won an Emmy in 2018 for his score on the season seven finale, “The Dragon and the Wolf.” The teaser may be viewed here: https://www.facebook.com/HBOAsia/videos/279540276057891/. Before the new season arrives, interested viewers can stream and download all past seasons of Game of Thrones on HBO GO.

SpeedyPay secures e-money issuer license from BSP

By Melissa Luz T. Lopez, Senior Reporter
SPEEDYPAY, Inc. has received a license to operate as an e-money issuer (EMI) in the Philippines.
The firm, which runs the Mango e-Wallet service, was given the accreditation in December, said BSP Deputy Director Melchor T. Plabasan.
Headquartered in Ortigas in Pasig City, SpeedyPay offers digital wallets for retail as well as merchant customers. Consumer wallets may be used for item purchases, bills payments, fund transfers, and transport costs either through online or offline transactions.
Government subsidies like cash transfers can also be coursed through the so-called Mango Cash Card, according to the firm’s website.
On the other hand, merchant wallets are made available for ambulant vendors, sari-sari stores, and tricycle and pedicab drivers, groceries and even government offices.
According to BSP rules, e-money issuers need a minimum capital of P100 million to maintain its business. An aggregate load limit of P100,000 for e-money instruments per month is also imposed for digital wallets.
Most big banks in the Philippines hold EMI licenses, although more financial technology firms are entering the space.
The BSP is eyeing to raise the share of digital payments to 20% of total transactions next year from a measly 1% share in 2013 through its National Retail Payment System initiative. Based on industry estimates, there are roughly 2.5 billion in total monthly transactions, with nearly all settled using cash.
The BSP has been embracing the use of technology to spur wider access to financial services while also bringing down transaction costs for Filipinos, in a bid to broaden financial inclusion.
The Philippines ranked fourth among 55 nations in terms of financial inclusion, according to the 2018 Global Microscope of the Economist Intelligence Unit. This puts the country the best in Asia together with India, who shared to fourth spot.
However, results of the central bank’s Financial Inclusion Survey revealed that 52.8 million Filipino adults still do not own accounts from any formal financial institution in 2017. Majority of them said they do not have enough money to open their own account, while others do not see the need to maintain one.

Far Eastern University profits jump 81% in 2nd quarter

FAR Eastern University, Inc. (FEU) reported an 81% rise in attributable net income to P462.631 million in the second quarter ending Nov. 30, due to a surge in college freshman enrolees.
In a regulatory filing on Monday, the listed university said its revenues during the September to November period grew 39% to P1.174 billion.
This brought FEU’s six-month attributable net income to P454.257 million, almost double the P227.7 million recorded during the same period in the previous year.
FEU said its year-to-date revenue rose 30% to P1.665 billion, driven by a 34% increase in educational revenues to P1.557 billion from freshmen enrolees.
“[The increase is] mainly from educational revenues due to the return of freshmen enrolees in the tertiary schools. The current Academic Year (AY) marks the first batch of Senior High School graduates moving to college level,” it said.
FEU said the new enrolees brought the FEU system’s student population to 39,892 in the first semester.
Expenses during the six-month period was up 14.5% to P1.134 billion, “due mainly to the increased student population during the current AY and the start of operations of FEU Alabang, Inc.”
The listed school operator said it is expecting to remain financially stable and meet its full-year target, “[w]ith the improvement in tertiary freshmen enrolment… completion of various facilities construction and improvements, and a continuous effort to attain operational cost efficiency….” — Denise A. Valdez

Gokongwei Innovation Center opens at DLSU

THE John Gokongwei, Jr. Innovation Center (JGIC), located within the De La Salle University (DLSU) Laguna campus, aims to become a hub for multimedia gaming and interactive entertainment in Southeast Asia. It currently houses the Philippine studio of gaming giant Ubisoft. The facility is part of the Gokongwei Brothers Foundation’s (GBF) support for DLSU. In photo are: JG Summit Holdings, Inc. Founder John Gokongwei, Jr. (left) and De La Salle University Chancellor Br. Bernard Oca FSC.

Net Group’s buildings powered by Cleanergy

ABOITIZ Power Corp. has renewed its partnership with The Net Group (TNG), supplying the latter’s buildings with clean and renewable energy under its Cleanergy brand.
“We are honored to have been chosen anew by one of the country’s most sustainable organizations, TNG. This inspires us even more to continue growing our balanced mix of renewable and thermal assets. Of our 50 power plants, 32 make up our Cleanergy portfolio of hydro, geothermal, and solar facilities,” Sandro A. Aboitiz, first vice president of Energy Trading and Sales of AboitizPower said in a statement.
Cleanergy has been powering seven TNG buildings since 2013, namely Net Park, Net Lima, Net Plaza, Net Quad, Net Cube, Net Square, and Net One Center.
“We want to give our customers an overall “green” experience — from the design and architecture of our buildings, up to the power supply that we use. We don’t just rent out office spaces, we provide a sustainable work experience that is good not only for our tenants but also for our environment,” Raymond Rufino, co-president of TNG, was quoted as saying.
TNG is known as the country’s largest green office building developer and operator with an estimated gross leasable area of 3 million square feet (sq.ft.). — Vincent Mariel P. Galang

An acquired taste


SYBERIA 3’s release on the Nintendo Switch caps a long journey that began long before the turn of the decade. Development on the last title in the graphic adventure trilogy coincided with issues beyond the control of Microids designers Benoît Sokal and Lucas Lagravette; from the arrival of new management to contractual negotiations to financial concerns, it found its progress stunted for years. And even after support for its production became official, it saw its expected launch date moved time and again, ostensibly to “bring even more depth to Kate Walker’s new adventure,” Elliot Graciano, the French software brand’s founder and vice-president, noted in late 2016.
For all the patience Microids exhibited, however, mixed reviews met Syberia 3 when it was finally released in April 2017 on Windows, OS X, PlayStation 4, and XBox One. That said, plans to bring it to the Nintendo Switch, which had then just made a rousing debut, were afoot. The decision to port it was based on the apt assessment that its point-and-click mechanics fit gamers on the go. And so the trilogy made its way to the hybrid console, the first two iterations in November and the third last month, in the process introducing it to a new gaming base that effectively extended its shelf life.
For Nintendo diehards, the good news is that the Switch version of Syberia 3 sticks to its roots. It has faithfully kept the look and feel of the game, whether played on the big screen or undocked. The trials and tribulations of Walker — a lawyer hitherto in Syberia but subsequently on a cause to assist the nomadic Youkoi as they migrate with snow ostriches — are presented exactly as fans of the series recall. Featuring a simple interface that enables players to get the main character to interact with her environment, it encourages exploration and strategizing and involves no small measure of puzzle solving to move the story forward. In this regard, the immersive soundtrack by Inon Zur of Dragon Age and Fallout 4 fame helps set the tone for particular circumstances.
Parenthetically, Syberia 3 boasts of an outstanding art design. Environments are striking and diverse, lending an authentic air to the proceedings. Walker and other non-playable characters are likewise rendered with care and thoroughness; they blend seamlessly with their surroundings. On the minus side, the voice acting represents a downgrade from those found in its older siblings; the dialogue can occasionally come off as artificial and border on the stilted. And for gamers who prefer to enjoy it with subtitles, the distinct differences between the written and spoken words can be jarring.
Because Syberia 3 employs a narrative that banks on linear progression, situations aren’t enveloped in haste; going through puzzles and trigger events winds up being a leisurely endeavor instead of a time-pressing one. It’s neither good nor bad in the grand scheme of things, although the absence of any touch-screen functionality — a missed opportunity for Microids to make its Switch version stand out — tilts it to the tedious side. In any case, there is no shortage of fun to be had; the tasks at hand are challenging but fair, and problems always have solutions that do not require a ridiculous amount of backtracking. And given the propensity of programming clues, frustration will rarely set in.
Taken in the context of Syberia 3’s presentation, the plot is appropriately devoid of grand designs. In fact, it simply involves the principal protagonist joining in on an annual pilgrimage and helping along the way. Nothing spectacular, and no end-of-the-world machinations to thwart, no do-or-die settings to deal with from the get-go. And for good measure, it includes “An Automaton With A Plan,” previously released downloadable content on a separate story for Oscar, Walker’s mechanical companion.
In sum, Syberia 3 is an acquired taste, and, at its best, an uneven romp that likewise suffers from long load times and frame drops. For longtime followers of the series, veterans of point-and-click sagas, and casual gamers out to pass the time without pressure, however, it’s well worth the 30-odd hours needed to compete the material it offers. Not bad for $40, and remarkable in light of the arduous road it took to reach the Switch.
THE GOOD:
• Picks up from where Syberia 2 left off
• Easy controls
• Challenging but fair puzzles
• Vibrant look and immersive soundtrack
THE BAD:
• Long load times
• Occasional frame drops
• Voice acting adequate at best
• Subtitles don’t match the dialogue, which can be stilted
RATING: 7/10
POSTSCRIPT: Soulcalibur VI (PlayStation 4) — As the latest release in the immensely popular series, Bandai Namco’s Soulcalibur VI marks its debut in current-generation consoles — to significant buzz, and with reason. It does so in grand fashion; even as contemporary gamers may see it heading off the beaten path, longtime fans will find it just as appealing as its predecessors. It has implemented changes to its core design, but stays true to its roots. It proudly presents its heritage with the same rousing soundtrack, the usual excited voiceovers, and the easy-to-dig-into weapon-based combat while using the Unreal engine for the first time. Six years may have passed since its predecessor littered store shelves, but under Project Soul’s steady stewardship, it reintroduces its name with confidence.
In line with previous titles in the franchise, Soulcalibur VI follows the story of the dreaded Soul Edge, a blade whose lust for blood is satisfied in the hands of a warrior aptly named Nightmare. With the narrative woven through various timelines, players are able to appreciate their quest for the weapon from different perspectives by taking on the causes of available characters. Parenthetically, 20 are on the roster from the outset, a privilege longtime followers will appreciate. And of the number, three are new to the series, among them Geralt of Rivia from The Witcher franchise.
Soulcalibur VI takes a novel approach, but does it well in the context of its Soul Chronicle story mode. The main plot can easily be followed by going through key events, but there are various side stories to negotiate as well. Meanwhile, Libra of Souls, the second story mode, allows tailor-made characters to craft their very own experiences within the context of the lore; it’s remarkably in-depth, its compelling nature stunted only by the extent of creativity displayed during customization. Every aspect of the characters — from their base fighting styles to their accessories to their appearances — can be fabricated as deemed fit.
Certainly, there’s a significant amount of content to sift through. The plot is typical Soulcalibur, melodramatic and often over the top but no less engrossing, thanks in no small measure to the mechanics that it incorporates. As with any other three-dimensional fighting title, players are free to select a character from a diverse batch; each has his or her own strengths, weaknesses, weapons, and movesets. While these seem standard fare at first glance, Soucalibur VI exhibits a peerless fluidity of combat. The usual array of vertical and horizontal actions blend with kicks, throws, and guards, albeit with distinctive twists. The incorporation of Reversal Edge, a defensive option over parrying that employs a rock-paper-scissors design in determining outcomes, significantly alters fundamentals.
The addition of the Soul Gauge likewise modifies dynamics in Soulcalibur VI, allowing for a healthy degree of back and forth. While dealing and taking damage, characters fill up a meter through which they can perform either a Soul Charge (to buff up future attacks) or a Critical Edge, an extremely fast and flashy finishing move that can otherwise deal a heavy amount of damage. It may seem complicated, but practice does make perfect, ultimately enabling players to strike the right balance between skill and patience.
Technically, Soulcalibur VI is a marvel, offering precise movement and controls and pushing the action with nary any lags. Characters look and sound good; visual and audio cues are in sync with the gameplay, and it combines excellent voice acting (whether in English or Japanese) with top notch music designed to keep players immersed on developments within the game. If there’s any minus, it’s in the occasionally uninspired backgrounds. And perhaps due to all the programming demands it makes, load times, even on the PlayStation 4 Pro, can take a while.
In any case, Soulcalibur VI delivers on its promise, providing hours upon hours of fun via Soul Chronicle and Libra of Souls. And while it also boasts of Arcade and Training Modes, it best generates replay value through its multiplayer component. In this light, the base game gets players to learn character combos and master their styles for online play. Creditably, matchmaking is efficient with stable connections, presenting little to no lags during remote battles. Which makes it a definite recommend as the best in the series by far. (9/10)

RCBC creates green finance framework

RIZAL Commercial Banking Corp. set up a green finance framework for future fund-raising activities. — BW FILE PHOTO

RIZAL COMMERCIAL Banking Corp. (RCBC) has established a green finance framework to serve as a basis for future fund-raising activities to support domestic environmental and climate projects.
In a disclosure to the local bourse on Monday, the Yuchengco-led lender said it established its green finance framework, which will be the basis for any issuance of green bonds or loans denominated in Philippine peso or any other currency.
RCBC’s green funding framework is the first in the Philippines to be aligned with the Association of Southeast Asian Nations (ASEAN) Green Bond Standards 2018 by the ASEAN Capital Markets Forum, the bank said.
The framework was also aligned with the Green Bond Framework 2018 of the International Capital Market Association, as well as the Green Loan Principles 2018 of the Loan Market Association and Asia Pacific Loan Market Association.
“Proceeds from any green financing under the framework will be used to finance or refinance a portfolio of green eligible projects relating to renewable energy, green buildings, clean transportation, energy efficiency and pollution prevention and control that contributes to the reduction of the environmental footprint in the Philippines,” RCBC told the local stock exchange.
RCBC Chief Executive Officer Gil A. Buenaventura said the bank sees the value of developing greater environmental awareness and social responsibility through its operations and businesses it serves.
“The bank believes that balancing non-financial factors such as environmental and social issues with financial priorities is essential to good corporate citizenship and is fundamental to risk management and the protection of its investors and shareholders.”
Local lenders have been slowly venturing into the green financing market.
In the previous years, Sy-led lenders BDO Unibank, Inc. and China Banking Corp. raised $150 million each worth of green bonds to sole investor International Finance Corp.
Bank of the Philippine Islands, on the other hand, has said it is looking at returning to the offshore bond market this year, as it is “contemplating” on issuing green bonds.
RCBC has mandated ING Bank N.V. as the sole green structuring adviser for its green finance framework. ING Bank Country Manager Hans B. Sicat said the Dutch financial giant is honored to support the Yuchengco-led bank in pursuing its sustainability goals.
“By having a green finance framework, RCBC is now able to integrate its sustainability ambitions into its business activities and access green financing,” Mr. Sicat said.
Sustainalytics, a global provider of environmental, social and governance research and ratings, said the bank’s green funding framework is “credible, robust and transparent,” and that it supports three of the United Nations’ Sustainable Development Goals.
RCBC posted a P3.2-billion net profit in the first nine months of 2018, down 5.9% from a year earlier. The country’s 10th biggest bank runs 509 branches and 1,593 automated teller machines nationwide as of end-September.
Shares in RCBC stood at P27.15 apiece on Monday, up 75 centavos or 2.84% from the previous session. — Karl Angelo N. Vidal

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