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CLI records 86% rise in reservation sales in 2018

CEBU Landmasters, Inc. (CLI) saw its reservation sales surge 86% in 2018, as it launched new projects in the Visayas and Mindanao.
In a disclosure to the stock exchange, the listed property developer said reservation sales, which serve as a measure for future revenue to be recognized, reached P8.54 billion as of end-2018, higher than the previous year’s recorded tally of P4.58 billion.
CLI was also able to exceed its P7-billion target for 2018 by 22%.
“The year ended even stronger than what we expected. The year 2018 was a year of expansion to other key areas of VisMin fortifying CLI’s leadership in property development of the region,” Jose R. Soberano III, CLI president and chief executive officer, said in a statement.
Mr. Soberano said the company recorded robust sales of newly launched projects such as Baseline Prestige, One Astra Place, and Casa Mira Towers, which are located in Cebu, and MesaVirre Garden Residences in Bacolod.
The bulk or 57% of the booked sales came from Cebu projects, while sales of Cagayan de Oro projects accounted for 16%. The rest of the sales came from Bacolod and Dumaguete projects.
By housing segment, CLI said its high-end Premier series accounted for 36% of sales, followed by the mid-market Garden series (34%), and Casa Mira (30%).
This 2019, the company plans to continue expanding outside of Cebu, particularly Iloilo, Bohol, Ormoc, General Santos, and Davao.
CLI also plans to develop townships and hotels in the future.
“Our strategy is proving effective and, given the strength of the property market, we will continue bringing our developments to even more Filipinos in the Visayas-Mindanao region,” Mr. Soberano said.
Shares in CLI slipped by P0.07 or 1.62% to close at P4.26 per piece at the stock exchange on Monday. — Vincent Mariel P. Galang

Aquaman swims past Batman into record books

TURNS OUT Superman and Batman have nothing on Aquaman.
The Warner Bros. flick about the salty superhero crossed $1 billion in worldwide ticket sales this weekend, on its way becoming the top-grossing DC Comics movie ever — passing the critically acclaimed Dark Knight series that featured Christian Bale as the caped crusader.
The unexpected success is good news for a studio that’s struggled to get the most out of its superheroes, and has lagged behind Walt Disney Co.’s more appealing Marvel characters. Warner Bros. became part of AT&T Inc. in an $85 billion merger last year, and the phone giant is counting on the superheroes to help sell its new media services.
“It gives them confidence that the approach they are taking is working,” said Erik Davis, managing editor of Fandango.com. The studio is “creating films about these characters that are very accessible for people of all ages.”
Featuring Game of Thrones actor Jason Momoa in the lead role, Aquaman is already a hit in the US and China, the two biggest film markets, and will build on that when it opens in Japan next month.
That makes it No. 1 among the DC films that Warner Bros. has released since the studio introduced Henry Cavill to a mixed reception as the new Superman in Man of Steel, directed by Zack Snyder. The studio’s biggest DC hit ever is The Dark Knight Rises, which collected $1.08 billion back in 2012. Aquaman looks set to pass that too.
UNDERWATER WORLD
With the new picture, director James Wan managed to create an entertaining underwater world for Aquaman, who is half human and half from Atlantis. Mr. Wan tells an origin story about a superhero who can communicate with marine life and must fight to claim his throne.
That’s a big turnaround from the less-flattering portrayal the superhero got in the pay-TV series Entourage from the Warner Bros. sibling company HBO. In that show about an up-and-coming actor and his pals, Aquaman is the butt of jokes — less known than Superman or Batman and less worthy of a feature film.
Aquaman” had “everything stacked against it,” Mr. Davis said. “No one expected it to be good.”
The next movie in the DC lineup is Shazam! which will be the most family friendly yet, said Mr. Davis. It follows troubled 14-year-old Billy Batson, who can transform into an adult superhero. Warner Bros. borrows from the horror film world for its director with David Sandberg, who made Annabelle: Creation and Lights Out.
SUPERHERO REBOOT
Warner Bros.’ woes with its comic-book franchise go back to at least 2014, when Chief Executive Officer Kevin Tsujihara committed the studio to a series of films and then saw big investments like Batman v Superman and Justice League come up short commercially or critically.
Now Warner Bros. is focusing more on stories and staffing and less on a rigid schedule of releases under film-studio chief Toby Emmerich. Warner Bros. hired Patty Jenkins to create a Wonder Woman movie, which went on to collect $821.8 million in global ticket sales. A follow-up, Wonder Woman 1984, is set for June 2020.
Before taking on Aquaman, Mr. Wan was a success in the horror genre and made the biggest hit from Universal Pictures’ Fast and Furious franchise. Taking on the sixth film in the DC series, he left behind stories set up by past installments. He also turned up the emotion.
With the new tack, Warner Bros. is free to try different approaches. In the upcoming Joker movie in October, Joaquin Phoenix appears to embrace the creepy take on the character that earned Heath Ledger a posthumous Oscar. The film, a lower-cost take on the character’s origin, is directed by Todd Phillips, who made The Hangover.
Warner Bros. was also able to snare Guardians of the Galaxy director James Gunn, who was let go by Disney after offensive, years-old tweets surfaced. He will take on a sequel of Suicide Squad.
The studio’s initial effort to reboot the DC series, with Superman in 2013, resulted in movies that were too serious, according to Barton Crockett, an analyst with B. Riley FBR Inc.
“The whole thing got to be a bore,” Mr. Crockett said. “What seems to be working right now is spectacle, irreverence and topicality.” — Bloomberg

DoT urges Iloilo City accommodation providers to secure accreditation

ILOILO CITY — Annual festivals such as this city’s Dinagyang prompt peak seasons for the hotel industry, and small and medium-scale facilities also stand to cash in on the tourist influx, especially if they have government accreditation, according to the local tourism office.
“We encourage them to be accredited by the DoT (Department of Tourism) so that we can also help them promote their services,” City Tourism Officer Florence King H. Erlano said last week.
Mr. Erlano noted that as of the second week of January, 50% of about 4,300 hotel rooms in the city were already reported booked for the Dinagyang Festival 2019 weekend on Jan. 25-27.
Hotels in the city proper are the most in-demand since these are near the five judging areas of the Dinagyang’s main event, the Ati tribes’ streetdance competition.
“Once the area in city proper is fully booked, tourists and can guests can still look for other hotel rooms located in Jaro (district) and Iloilo Business Park in Mandurriao,” Mr. Erlano said.
Among the major hotels in the city are international chain Marriot, and local brands Seda, Richmonde, Hotel 101, and Go Hotels.
“We are expecting more guests, including foreigners, this year because we had a lot of successful promotions last year through various local and international media,” he added.
In anticipation of the increased demand for accommodations and as part of the festival preparations, the City Tourism Office inspected all registered facilities, including those without a DoT accreditation yet.
“The department had been conducting inspection for the issuance of the tourism license. During the investigation, we were able to check their facilities and room and until now we haven’t received any complaints regarding the servicing of these unaccredited hotels,” Mr. Erlano said.
Earlier, the DoT Western Visayas office said MV Pacific Venus, a cruise ship from Japan carrying 400 tourists, will make a stop in Iloilo to join the Dinagyang Festival highlights.
DoT Regional Director Helen J. Catalbas said the visit is significant because it means the city passed the cruise ship’s standards.
The ship’s executives came to the city in January 2018 to inspect tourism facilities as well as hospitals and banking access.
“The standards of Japanese tourists are very high and we have met the standards already. During the inspection, they were impressed, that is why they decided to push through with the cruise ship arrival in January (this year),” Ms. Catalbas said. — Emme Rose S. Santiagudo

First Gen, EDC included in list of world’s 200 greenest companies

FEDERICO R. LOPEZ — PHOTO BY VICTOR V. SAULON

FIRST GEN Corp. and Energy Development Corp. (EDC) have been included in Carbon Clean 200, the list of the world’s top 200 biggest and greenest companies, the Lopez-led firms said on Monday.
“Being the only Philippine companies on the list is a strong recognition of our commitment to not invest in coal and to make RE [renewable energy] more accessible to the Filipinos to help drive a low-carbon economy for the country,” said Federico R. Lopez, chairman and chief executive officer of First Gen and EDC, said in a statement.
Carbon Clean 200 ranks companies based on the size of their revenues from clean energy sources. The latest list was released in the third quarter of 2018.
First Gen ranked 113th with $632 million in estimated clean energy revenues in 2017. EDC took the 139th slot with around $494.72 million during the same period.
This was the first time for First Gen to make it to the Carbon Clean 200, and EDC’s third time on the list.
First Gen is the country’s leading clean and renewable energy producer with 3,490 megawatts (MW) in installed capacity. Its subsidiary EDC is one of the world’s largest geothermal producers and the country’s leading renewable energy company with an installed capacity of 1,471.8 MW.
EDC said it holds the distinction of being a carbon-negative company, that is, the amount of carbon dioxide (CO2) it absorbs is far more than the level of CO2 it produces.
“On an annual basis, EDC helps the country avoid 6.7 million tons of CO2 emissions through its pure RE operations and comprehensive watershed management program,” the company said.
The Lopez group said the Carbon Clean 200 list undergoes an update twice a year, based on total clean energy revenues that Bloomberg New Energy Finance (BNEF) rates. The initiative is jointly launched by non-profit organization As You Sow of the USA and market research group Corporate Knights of Canada.
To qualify for inclusion in the list, a company must have more than $1 billion in market capitalization and generate more than 10% of its total revenues from clean energy sources.
The Carbon Clean 200 list excludes oil and gas companies and utilities that generate less than 50% of their power from renewable sources, as well as coal companies. — Victor V. Saulon

Captain Marvel advance tickets may shatter series record

ADVANCE-TICKET sales for Walt Disney Co.’s Captain Marvel are off to a strong start, a sign of pent-up demand for the Marvel Cinematic Universe’s first film with a female lead.
Since advance tickets went on sale on Jan. 7, Captain Marvel has done brisker business than Deadpool 2, Black Panther, and Venom, according to Atom Tickets. And the movie could eclipse Avengers: Infinity War for total presales, the company said. Fandango, another ticket supplier, said sales ranked among the top three Marvel pictures.
Disney is hoping to duplicate the success of last year’s Black Panther, whose majority-black cast resonated with audiences. This time around, the MCU franchise is breaking different ground. With Brie Larson starring as Captain Marvel, a woman will get top billing for the first time in a series that has spanned 21 films.
Major studios have come under criticism for the lack of diversity in front of and behind the camera. While a recent University of Southern California study showed gains for African-American men, women continue to struggle to get jobs in the entertainment industry. Men accounted for nearly three-quarters of the producers for the top 300 movies released from 2016 to 2018, according to the annual report from the USC Annenberg Inclusion Initiative. Women of color accounted for just 1.6%.
The recent Golden Globe Awards provided a platform for women to call out those disparities, with winner Regina King vowing to make her production staffs 50% female. — Bloomberg

Woodlands Point offers luxurious log cabins

AN EXCLUSIVE community featuring ski resort-style log cabins can be found in Tagaytay Highlands.
Launched in 2008, Woodlands Point features 32 units on a 12-hectare low-density neighborhood. Only six units are still available for sale.
The luxury log cabins are sized from 239 square meters (sq.m) to 320 sq.m., with prices ranging from P47 million to P60 million.
The units are built using Western red cedar, a type of wood that originated from Canada.
The log cabins feature high ceilings in their living and dining areas that allow for natural light and ventilation. Each unit also has large windows to allow homeowners to enjoy the surrounding pine trees and mountain views.
Each unit also has a semi-furnished kitchen, which includes a refrigerator, cooking range, and a range hood.
“For those who seek a sanctuary for unforgettable weekend getaways or a treasure to cherish for a lifetime, a log cabin by the countryside remains second to none. Settle seamlessly in luxury mountain resort living at Woodlands Point in Tagaytay Highlands, in the comforts of a log cabin home you’ve always dreamed of,” the company said.
Last year, Belle Corp. revealed plans to develop three to four new projects in Tagaytay Highlands, in time for the project’s 25th anniversary.
Currently, the 1,500 hectare property has 27 projects, which makes up less than 50% of the whole area.
The master-planned community is also undergoing rehabilitation of its facilities and properties. In December, the Japanese, Spanish, and Filipino restaurants reopened at Tagaytay Highlands. New coffee shops are scheduled to be opened this year, as well.
Tagaytay Highlands is known for its themed communities. Aside from Woodlands Point, the premier mountain resort development of SM Group also has Asian-contemporary-themed garden suites and villas named Horizon Terraces; a community that offers the views of Taal Lake and Midlands fairways called Sycamore Heights; and the tropical resort community Vireya.
The premier mountain resort development is located in Tagaytay, which is 90 minutes away from Metro Manila. — Vincent Mariel P. Galang

MICT gets four new hybrid gantry cranes

THE four new hybrid rubber-tired gantries were delivered at the Manila International Container Terminal last Jan. 9. — COMPANY HANDOUT

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said it recently received four new hybrid rubber-tired gantries (RTG) for its flagship port, the Manila International Container Terminal (MICT).
In a statement on Monday, the listed port operator said the eco-friendly RTGs are part of its long-term goal of adhering to environmental efficiency in its operations.
“Seen to reduce carbon emissions by 40% and noise levels at the container yard, and up to 60% better fuel economy-these hybrids reaffirm the Company’s efforts in minimizing the impact of port operations at its Manila flagship,” it said.
The four Mitsui Li-ion Hybrid RTGs are part of its order of 16 from Japan-based Mitsui Engineering & Shipbuilding Co. Ltd. These have smaller diesel engines and a 200kVA Li-ion battery, which would help improve the carbon footprint of MICT.
The remaining 12 hybrid RTGs are expected to arrive within the first half of the year, together with two super post-Panamax quay cranes.
ICTSI started managing the MICT in 1988 when it was awarded the 25 + 25 years concession for the port.
Aside from MICT, ICTSI also operates several ports within the country and outside, such as in Asia Pacific, Africa, Americas, Europe and Middle East.
The Razon-led firm is currently aiming to make its operations across the ICTSI group eco-friendly by acquiring port tools with less carbon footprint and using energy-efficient cargo handling equipment and vehicle fleets.
“As we continuously drive economic growth in our home operations, ICTSI will always be at the forefront of innovation with ports equipment and adaptive technology that ensures increasing productivity while reducing carbon footprint,” ICTSI Global Corporate Head Christian R. Gonzalez said in the statement.
ICTSI posted a 2.66% increase in its attributable net income at $153.29 million for the first three quarters of 2018, due to a 10% jump in revenues from port operations at $1 billion. — Denise A. Valdez

Dating, mental illness, and a self-help addiction are the stuff of comedy for Liz Miele

START 2019 right with a bellyful of laughs and a side of existential crisis thanks to US comedian Liz Miele.
She will have a one-night show on Jan. 17 at Johnny B. Good in Glorietta 3, Makati City.
Ms. Miele’s show, titled Self-Help Me, focuses on her extensive travels around the world, how her dating behavior has changed now that she’s in her 30s, and her struggle with mental illness and her self-help addiction.
“A friend defined my comedic style as ‘self-deprecating storytelling’ like that,” Ms. Miele said in a press release.
“I pay attention to things that piss me off, confuse me, make me sad, make me concerned, make me excited. I usually follow my extreme feelings and dissect why I feel that way and through understanding myself and [my] motives I come up with a lot of jokes,” she explained.
She started watching comedians like George Carlin at the tender age of 13 and writing jokes to show to friends before starting to do stand-up at 16.
At 16, she started taking the train to New York City from New Jersey and doing stand-up there every weekend. When she hit 18 she moved to New York for college and started performing nightly.
At 22 she appeared on Comedy Central’s Live at Gotham and most recently appeared on the channel’s This Week at the Comedy Cellar and in Hulu’s Coming to the Stage, among other shows.
She also recently released her debut comedy album, Emotionally Exhausting, on iTunes and Amazon which features her joking about “Feminist Sex Positions” which went viral in 2014 and currently has more than a million views.
This might be her first time performing in the Philippines, but Ms. Miele has enough experiences with Filipinos — her roommate is Filipino and so is her brother-in-law — to expect a really good romp and audience.
“They both have big laughs and they think I’m funny so I’m hoping they are like them!” she said.
Liz Miele’s Self-Help Me will be held on Jan. 17, 8 p.m. (doors open at 6 p.m.), at the Johnny B. Good in Glorietta 3, Makati. The show is hosted by Alexio Tabafunda with Red Ollero and Andren Bernardo as opening acts. For tickets, which cost P1,000, call 0920-971-7055 or 0917-570-3057 or contact Ticketworld (www.ticketworld.com.ph).

App makes payment of real property tax easier

PAYMENT of real property tax (RPT) will now be a little easier, thanks to an app.
Pinnacle Real Estate Consulting Services, Inc. partnered with tech firm Togetech, Inc. to offer RPT assessment and payment services for property owners through the Moneygment mobile application.
The two companies signed the contract last Jan. 8 in Makati City.
Officials from Pinnacle and Togetech said property owners, especially overseas Filipino workers, can settle their RPT on time without lining up at the city or municipal offices.
“We saw that many of our customers are paying for their properties and we wanted to be able to assist them in making it easier for them to pay their RTP payments regardless of where they are,” Togetech Chief Executive Officer Ma. Jessica M. Palmiano said.
Michael R. Mabutol, president and managing director of Pinnacle, said the company has been offering the service for large companies, and saw a demand for this on a retail level.
“Real property tax payment is one of the most, overlooked tax and obligation as property owner. So, when we sat down with Jessica, I’m happy to learn that… Togetech has developed an application that could help citizens, Filipinos to maximize the use of technology and at the same time, just being in the comfort of their home and pay their real property tax obligations,” Mr. Mabutol said.
Launched in February 2018, Moneygment is an app that helps self-employed professionals, freelancers, micro, small, and medium enterprises (MSME), homemakers, and OFWs with financial transactions such as payment of bills and government obligations.
For the payment of RPT, Moneygment users have to first get their properties assessed by providing information such as the title number and owner’s full name. Users have to submit the relevant documents via email and pay a P500 processing fee.
After the tax assessment is completed, users can make payments via bank transfers or at 7-Eleven stores, among others.
Users will then be given an official receipt once the transaction is completed.
Moneygment app’s RPT service is currently available only in Metro Manila and Cebu. Pinnacle and Togetech are targeting to expand the service in more areas in northern and southern Luzon and Davao within the year.
Togetech is a mobile app development company focusing on the development of financial technology.
Pinnacle is a homegrown real estate brokerage and consulting firm that provides services to both local and foreign buyers, and real estate lenders. The company primarily offers services like real estate management and brokerage, real estate closing and advisory services, and non-performing loan (NPL) asset management. — Vincent Mariel P. Galang

Maynilad help sought for Manila Bay cleanup

By Victor V. Saulon, Sub-editor
THE Department of Environment and Natural Resources (DENR) has asked Maynilad Water Services, Inc. to participate in the cleanup of Manila Bay, including the company’s help in bringing quick results within the stretch of land facing the sea, the top official of the company said.
“They are seeking our assistance especially in the technical side. He wants to get immediate impact into the Manila Baywalk — the one kilometer from the Manila Yacht Club up to the [US] Embassy,” Maynilad Chief Executive and President Ramoncito S. Fernandez said in an interview on Monday.
He was referring to Environment Secretary Roy A. Cimatu, who has initiated the rehabilitation of the bay, similar to what his office had done to popular island destination Boracay.
“He’s trying to find immediate solutions to prevent or to clean up the discharge of the three points — sa (at the) Manila Yacht [Club], sa may (near) Malate Church, ‘tsaka sa (and at the) US Embassy,” he added.
Mr. Fernandez was answering questions on the sidelines of the 10th International Water Association three-day conference on efficient urban water management at the Marriott Hotel in Pasay City.
He said Mr. Cimatu had mentioned that the Department of Environment and Natural Resources (DENR) had assigned heads of specific esteros to monitor and “police” the creeks that lead to the Manila Bay.
“The secretary also recognizes that the informal settlers in the esteros are very significant contributors to the pollution. And we also emphasized to him and he saw it himself that the water discharged from our [Maynilad] wastewater treatment plants are clean but it is being thrown into a very, very dirty estero,” Mr. Fernandez said.
Separately, Mr. Cimatu said in an interview that he had talks with local government units (LGUs), through the Metropolitan Manila Development Authority, to address the issue.
“[This is] government-funded, but there will be some, like for example, there will be some companies that will be lending their equipment, providing some assistance to us, in terms of lending some of their experts,” Mr. Cimatu said when asked about Maynilad’s participation in the project.
“The accountability of the local government is they are allowing informal settlers to be staying in esteros,” he said, adding that local officials had been allowing the structures in no-build zones such as esteros, “giving them electricity, giving them water.”
Maynilad is the largest private water concessionaire in the Philippines in terms of customer base. It is the concessionaire of the Metropolitan Waterworks and Sewerage System (MWSS) for the west zone of the greater Manila area.
Maynila Baywalk is within Maynilad’s concession area, which is composed of Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon all in Metro Manila, and some portions of the cities of Manila, Quezon and Makati.
The company also serves Cavite City, and the towns of Bacoor, Imus, Kawit, Noveleta and Rosario, all in Cavite province.
Ang sinasabi niya (What Mr. Cimatu was saying is) since Roxas Boulevard is under Maynilad concession he is seeking our immediate help… But definitely sabi namin sa kanya (we told him), Manila Bay is coming from San Juan River, from Pasig, from Parañaque River etcetera, so he recognizes that both Manila Water and us are solution providers to the whole concession,” Mr. Fernandez said.
Manila Water Co., Inc., the east zone concessionaire of Metro Manila, provides water and used water services to Mandaluyong, Pasig, San Juan, Marikina, Pateros, Taguig, Makati, the southeastern part of Quezon City and San Andres and Sta. Ana in Manila, including several towns of Rizal province.
“But he also recognizes that LGUs are also very, very important part of the clean up of Manila Bay,” Mr. Fernandez said.

Barbie’s new best friends: S. Korean boyband BTS

MATTEL INC., maker of Barbie and Hot Wheels toys, is turning to a Korean boy band for help luring the new generation of kids.
Mattel will create a toy line inspired by the seven-member pop group BTS that includes dolls, collectible figures, and games, the El Segundo, California-based company announced at the Hong Kong Toys & Games Fair last week.
BTS, whose name is drawn from Bangtan Sonyeondan or “Beyond the Scene,” is one of the best-selling music acts in the world. Last year, BTS became the first Korean pop group to top the Billboard album charts in the US, and sold out a concert at New York City’s Citi Field.
Thanks to a loyal fan base known as the #Army, the group’s economic value is estimated at more than 4 trillion won ($3.6 billion), according to the Hyundai Research Institute. Asian retailers reported double-digit increases in customers for books and albums around the release of the group’s Love Yourself: Tear.
Some large companies are beginning to see commercial potential for BTS — and the growing power of Korean pop culture more broadly. Carmaker Hyundai Motor Co., messaging app Line and the sneaker brand Converse are all working on new products with BTS.
Mattel could use the lift. Its stock fell 35% last year after slumping 44% in 2017. One of two leading toymakers in the US, the company hired a new chief executive officer last year and is attempting to become a broader entertainment company that turns its best-selling toys into TV shows and movies. — Bloomberg

How to burn $4.6 million in 10 days in Hong Kong housing market

A MYSTERY buyer has forfeited a HK$36 million ($4.6 million) deposit after walking away from plans to buy a home in Hong Kong’s most prestigious neighborhood.
The sale fell through just 10 days after the unidentified person agreed to buy the three-bedroom house with swimming pool and private garden in Mount Nicholson on the Peak for HK$722 million, according to a government document.
A house in the same development last year sold for almost HK$1.4 billion, making it Asia’s most-expensive property on a per-square-foot basis.
Since then, an almost 15-year bull run that made Hong Kong infamous for having the world’s least affordable property market has petered out. Fallout from the U.S.-China trade war, rising borrowing costs and a volatile stock market have weighed on home prices, which are down about 8 percent from their August peak.
The slump may worsen, with Capital Economics forecasting home prices will fall about 30 percent over the next five years, including a 15 percent slump in 2019, according to a note published Thursday. — Bloomberg

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