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MMFF 2018 breaks box office record

THE 44th Metro Manila Film Festival drew to a successful close on Jan. 7, with the festival’s chairman announcing that they had not only surpassed last year’s gross but also recorded the highest ever take in the film festival’s history.
“Despite the incessant rain during the holiday season, we braved and survived the storms and have created new records,” Danilo Delapuz Lim, chairman of the Metro Manila Development Authority (MMDA), said in a statement posted on the film festival’s Facebook page on Jan. 8.
The same statement announced that over its two-week run from Dec. 25 to Jan. 7, the festival earned P1.060 billion, P10 million more than the 2015 record which saw Wenn V. Deramas’ Beauty and the Bestie and Jose Javier Reyes’ My Bebe Love contributing much of the box office sales.
The 2018 festival saw MMFF regulars Jose Marie “Vice Ganda” Viceral, Rodel “Coco Martin” Nacianceno, and Marvic “Vic” Sotto starring in the films which earned the biggest box office.
The top four MMFF films based on gross sales receipts, according to MMFF Spokesperson Noel Ferrer in an Instagram post on Feb. 10, were (in no particular order): Aurora by Yam Laranas, Fantastica by Barry Gonzales, Jack Em Popoy: The Puliscredibles by Michael Tuviera and Mary, Marry Me by RC delos Reyes.
Of the four top grossers, only the producers of Aurora revealed their movie’s box office take, saying in a post on Cinema Bravo’s Facebook page that the film earned P107 million.
The other entries in the festival were: The Girl in the Orange Dress by Jay Abello, One Great Love by Eric Quizon, Rainbow’s Sunset by Joel Lamangan and Otlum by Joven Tan.
“We are happy to announce that most of the film entries are still on extended run in cinemas nationwide. Everyone can still catch these films,” Mr. Lim said in his statement.
A cursory inspection of the Web site of SM Cinemas, arguably the biggest cinema operator in the country, showed that only Aurora, Fantastica, and Jack Em Popoy are showing in their cinemas.
This year, the MMFF will commence with its 45th run and Mr. Lim said in the statement that they want to “prepare for it early on.”
“We look forward to more significant and groundbreaking entries and activities that would further develop the audiences’ love for Filipino films, develop and discover new talents through the student short films and maximize exposure and linkages with international festivals,” he said. — Zsarlene B. Chua

Sweet as a spoonful of sugar

By Richard Roeper
Movie Review
Mary Poppins Returns
Directed by Rob Marshall
WARNING: Small spoonfuls of sugary spoilers ahead!
Now that’s what I call a fantastic follow-up of a pop-in.
A mere 54 years after Julie Andrews as Mary Poppins descended from the sky with her umbrella, working her magic with one downtrodden family onscreen in a movie destined to become a timeless Disney classic cherished by multiple generations of viewers worldwide, the practically perfect nanny has returned.
The good news: While it would be all but impossible to match one of the most beloved and acclaimed musicals of all time, Mary Poppins Returns is a sequel worthy of the name.
This is a wall-to-wall smile of a movie: big of heart and large in scale, lavishly staged, beautifully photographed and brimming with show-stopping musical numbers. Again, it would be folly to expect any of the individual numbers or the soundtrack as a whole to attain the lasting pop culture status of “A Spoonful of Sugar,” et al., but you’ll likely be humming the melodies of more than a few of the tunes from “Returns” as you exit the theater, and in the days and weeks to follow.
Of course, all the noble intentions, all the infectious musical numbers, all the clever call-backs in plot and character, all the potentially funny and exhilarating and heart-tugging adventures — all of that hinges on the casting. If we don’t love the new Mary Poppins, how are we to even consider falling for the movie itself?
Ah, but from the moment Emily Blunt lightly floats to the ground through the snarling winds of a ferocious storm, umbrella in hand of course, it’s difficult to imagine anyone else more suited to the role, more at home inhabiting the cheeky, strong-willed, delightfully adventurous, politely subversive and always loving Mary Poppins. She is sensational.
And there’s star power a-poppin’ in the supporting cast, from Lin Manuel-Miranda’s brightly shining and winning performance as Jack, the lamplighter with a heart of gold and the spirit of a hero who is our singing guide throughout the fantasy adventure; to Ben Whishaw and Emily Mortimer as the grown-up Banks siblings, who have nearly forgotten Mary Poppins’ lessons in the face of real-life troubles; to the “surprise” cameos from a couple of living legends in their 90s.
Mary Poppins Returns is set in London during the economic depression, aka the Great Slump of the 1930s, about a quarter-century after the events of the original film.
A year after the death of his wife, Michael Banks (Whishaw) remains a broken man, stumbling through everyday life in a haze, barely hanging on. To be sure, Michael is a devoted father to his children — Anabel (Pixie Davies), John (Nathanael Saleh), and little Georgie (Joel Dawson) — but without the help of the daffy but loving housekeeper Ellen (Julie Walters) and Michael’s selfless sister, Jane (Mortimer), he’d be lost.
In fact, even WITH their assistance, Michael is facing ruin. He’s on the verge of losing the family house on Cherry Tree Lane — the very house in which Michael and Jane grew up. Even worse, Michael is becoming increasingly impatient and distant with the children, and he’s in danger of forever losing sight of what really matters in this world.
That’s just about the time Mary Poppins re-appears and announces she’ll be taking on the role of the nanny for Michael’s children, because heaven knows they need some discipline and guidance (oh and maybe some heaping scoops of magic and wonder as well).
Poof! Just like that, a mundane thing like bath time for the grimy, grumbling kids turns into an exhilarating and surreal underwater and on-the-water thrill ride. (By the time it’s over, even the most cynical of the children is fully with Team Poppins.)
And in perhaps the most memorable adventure in the entire film, a crack in a ceramic bowl in the Banks’ home leads to Mary and Jack and the kids plunging into the world depicted in the etchings on that bowl. Costumed as if they’re animated characters but retaining their live-action forms, they interact WITH animated, talking animals, from a dog to a horse to a badger, in a prolonged sequence featuring an elaborate musical number and some genuinely harrowing escapades.
Great stuff, taking advantage of modern-day technology while remaining lovingly true to the visual spirit of the original.
Meryl Streep has a single-scene, comic-relief, almost exhaustively over-the-top appearance as Mary’s eccentric cousin Topsy. It’s reminiscent of one-offs in many a Broadway musical, and I’m not sure it was all that necessary, especially in a film that, with all its bright spots, does lag here and there over the two-hour, 10-minute running time.
David Warner is a hoot as the retired naval officer Admiral Boom, still living across the way from the Banks’ house. Colin Firth is a hiss-worthy villain as William Wilkins, the current president of the Fidelity Fiduciary Bank, who is essentially the Mr. Potter to Michael Banks’ George Bailey. I don’t think it’s much of a surprise anymore, given all the pre-film publicity, but I’ll issue a SPOILER ALERT one last time before noting the absolutely lovely and sweet and funny and touching cameos by Dick Van Dyke and Angela Lansbury.
What a gift it is to see the 93-year-old Van Dyke and Lansbury on the big screen again.
And what a magnificent and joy-inducing holiday present Mary Poppins Returns is for all of us. — Chicago Sun-Times/Andrews McMeel Syndication
Rating: Three stars and a half
MTRCB Rating: G

Tribute concert set in honor of new National Artist Ryan Cayabyab

SOME OF the best singers in the Philippines will pay tribute to newly minted National Artist for Music Raymundo “Ryan” Cayabyab on Jan. 18 at the Globe Auditorium of the Maybank Performing Arts Theater in Bonifacio Global City (BGC).
The concert titled, Ryan Ryan Musikwentuhan — a play on Mr. Cayabyab’s late night music show Ryan Ryan Musikahan which ran from 1988 to 1995 on ABS-CBN — will feature performances by Pilita Corrales, Regine Velasquez, Celeste Legaspi, Mitch Valdes, The CompanY with Beth Martin, the Ryan Cayabyab Singers, Ben & Ben, and Martin Nievera, among others.
“After our historical collab with [music festival] Pinoy Playlist (which was one of the highlights of my 2018), join us as we honor our new National Artist: Maestro Ryan Cayabyab with a special intimate musical gathering at the BGC Arts Center,” Moy Ortiz, a member of the a cappella group CompanY, said in a Facebook post on Jan. 7.
Mr. Cayabyab, Mr. Ortiz, and Noel Ferrer curated the week-long music festival held at the BGC Arts Center last October which celebrated Filipino music. The same collaborators are working together for the tribute concert next week.
October was also when it was announced that Mr. Cayabyab, along with six other artists — cartoonist Larry Alcala, filmmaker Eric “Kidlat Tahimik” de Guia, writer Ramon Muzones, playwright Amelia Lapena Bonifacio, and architect Francisco Manosa — had been named National Artists in their respective fields.
Mr. Cayabyab, fondly called Maestro or Mr. C, is a composer and conductor who is considered a pioneer of contemporary Filipino music. He was a 2004 recipient of the Gawad CCP (Cultural Center of the Philippines) Para sa Sining.
Some of his best-known works include “Kay Ganda ng Ating Musika” (1978) which was sung by Hajji Alejandro and which won the first Metro Manila Popular Music Festival, “Da Coconut Nut” (1991) which was sung by Smokey Mountain and is now a favorite song of choirs around the world, and “Limang Dipang Tao” (2003) which was sung by Barbie’s Cradle and Lea Salonga.
One of Mr. Cayabyab’s latest works is Bahaghari, a 15-track album featuring folk songs sung in their native dialect by Ms. Salonga. The folk songs include “Sarung Banggi” sung in Bicolano and “Ili Ili Tulog Anay” sung in Bisaya.
Ryan Ryan Musikwentuhan will be held on Jan. 18, 8 p.m., at the Globe Auditorium, Maybank Performing Arts Center in BGC, Taguig. Tickets are available via TicketWorld (www.ticketworld.com.ph) and range in price from P700 to P3,000. — Zsarlene B. Chua

Costume drama The Favourite leads BAFTA awards nominations

LONDON — The Favourite led the nominations for the British Academy of Film and Television Arts (BAFTA) awards on Wednesday, with 12 nods for the costume drama that has already won its leading actress Olivia Colman critical acclaim and several prizes.
The comedy sees Ms. Colman play Britain’s 18th century Queen Anne as a frail and insecure royal, easily influenced by her close friend Sarah, Duchess of Marlborough, portrayed by Oscar winner Rachel Weisz.
When maid Abigail arrives, the relationship is tested as both women fight for the queen’s affection.
The Favourite will compete for Best Film, Outstanding British Film, Original Screenplay — and in the Director category for Yorgos Lanthimos — at the British film awards next month.
Ms. Colman, Ms. Weisz, and Emma Stone, who plays Abigail, are all nominated and the film has also been recognized for Editing, Cinematography, Make Up & Hair, Production Design and Costume Design.
Queen movie Bohemian Rhapsody, space drama First Man, Netflix film Roma, and musical remake A Star Is Born each received seven nominations. Political comedy Vice got six.
Joining The Favourite on the Best Film list are comedy-drama Green Book, set in the segregated US deep South in the early 1960s, A Star Is Born, Spike Lee’s BlacKkKlansman, and Roma.
That black and white Mexican movie, seen as a major Oscar contender, is also in the running for Film Not In The English Language and its director Alfonso Cuaron, who triumphed at the Golden Globes on Sunday, will compete against Greece’s Lanthimos in the Director category.
They are joined by directors Lee, Bradley Cooper for A Star Is Born and Pawel Pawlikowski for Cold War.
In the Leading Actress competition, Ms. Colman faces fellow Golden Globe winner Glenn Close for The Wife, pop star Lady Gaga in A Star Is Born, Viola Davis for Widows, and Melissa McCarthy for Can You Ever Forgive Me?.
Christian Bale, who portrays former US Vice-President Dick Cheney in Vice, Rami Malek, who takes on the role of late Queen frontman Freddie Mercury in Bohemian Rhapsody, and Green Book actor Viggo Mortensen are nominated for Leading Actor.
Completing that list is Mr. Cooper for A Star Is Born and Steve Coogan for Stan & Ollie.
The contenders for the Supporting Actor prize are Mahershala Ali for Green Book, Richard E. Grant for Can You Ever Forgive Me?, Sam Rockwell for Vice, Timothee Chalamet in Beautiful Boy, and Adam Driver in BlacKkKlansman.
Claire Foy, Amy Adams, and Margot Robbie join Ms. Stone and Ms. Weisz in the Supporting Actress race, respectively for First Man, Vice, and Mary Queen of Scots.
The winners will be announced on Feb. 10 in London. — Reuters

The immortal story

ORSON WELLES died in October 1985; his latest film, The Other Side of the Wind, was released in November 2018.
The film itself — shot mostly between 1970 to 1976 — feels like the bookend to Mr. Welles’ debut feature Citizen Kane: a powerful man in a state of decline, his life and career dissected by a variety of witnesses. Unlike Kane which was a puzzlebox of testimonies fitting together to reveal an opaque enigma (what does “Rosebud” really tell us about the man?) but which was shot and edited in a more conventional manner (radical for classic Hollywood, relatively conventional for us), this film’s very style reflects those fragmented views, shifting from monochrome to color to 35 mm to 16 mm to Super 8. The film breaks down to either three sections or two halves — six depending on how you look at it: a crew closing its shoot to go to a viewing party, the party itself, the party’s aftermath in a drive-in; also alternates between crew and viewings of the film itself, titled The Other Side of the Wind (you could argue that the film breaks down to hundreds of shots, each shot in a different style from a different point of view and a different emotional tone but for simplicity’s sake let’s stop at six).
The film’s first 20 or so minutes should be offputting — are we even in the same movie? — if it wasn’t for an entire cable channel and three of Oliver Stone’s feature films (JFK, Natural Born Killers, Nixon) regurgitating the style to the public for decades. Helps to keep in mind that the film’s all about Jake Hannaford (John Huston): in a piecemeal process — one nugget of info at a time — we learn that he’s a veteran bigshot, that several documentaries and books are being written about him, that he’s in search of investors to put up completion money for his work in progress. You recognize aspects of Mr. Welles in the portrait — the high reputation, the ultraloyal crew members (who feel by turns vindicated and betrayed, depending on how Hannaford is treating them at the moment), the rabid nonfans (who moments before may have been loyalists). You can’t not see a bit of Mr. Huston in the role (the big-game hunting, the Irish heritage), especially how the actor-director plays him, with generous servings of charisma and charm; you can’t not see a bit of Ernest Hemingway, who was Mr. Welles’ initial inspiration (the guns and hunting, the insistent machismo, the filmmaker’s ultimate fate). Feels like a descendant of John Barrymore’s Oscar Jaffe in Howard Hawk’s Twentieth Century grown to monstrous proportions, with echoes in Peter O’Toole’s Eli Cross striding across the screen of Richard Rush’s The Stunt Man (Rush’s film was made in 1978, the novel it was adapted from written in 1970 — but the filmmaker’s outsized personality is arguably Mr. O’Toole and Mr. Rush’s creation, presumably channeling Mr. Huston and Mr. Welles).
The film touches on among many things — an aging filmmaker’s role in an industry where he’s become obsolete, on the excesses of the 1960s European art movement, on the way filmmakers (translate: Mr. Welles) abuse the people who support him. The latter feels especially relevant in light of the Me Too movement — filmmakers building up and breaking down actors’ careers, the industry as a meat market from which a filmmaker or producer can select the choicest cuts. At one point the college professor of one of the production’s lead actors is singled out for mockery — arguably the single cruelest and most disturbing scene in the film, and one that raises a few unanswered questions: Is Mr. Welles condemning homophobia (Especially the hypocritical kind, as some of the tormentors are bisexual)? Or does the scene, due to its extended and ambiguous nature, cross the line into actual homophobia? Mr. Welles, according to editor Bob Murawski, directed and edited this particular sequence but refuses to provide any clear answer.
The film is a Mr. Welles film if only for the fact that it dwells on the classic Mr. Welles theme of betrayal — not just Hannaford’s towards any number of his minions, but inflicted on Hannaford himself by his brightest acolyte Brooks Otterlake (Peter Bogdanovich). If Other is populated by caricatures of real-life personalities, Otterlake may be the most intricate of all — when film production started his status as critic-turned-hit-filmmaker looked like a generous prophecy; when production neared its end, that same status must have felt like an albatross weighing on Mr. Bogdanovich and Mr. Welles both. The viewer may find it difficult to separate the history between Otterlake and Hannaford from the history between Mr. Bogdanovich and Mr. Welles, and Mr. Welles himself — probably deliberately so — makes this attempted separation all but impossible.
As for the film within the film — Mr. Welles intended it as a parody mainly of Michelangelo Antonioni’s American productions (with traces of Federico Fellini’s later pictures and of Ingmar Bergman’s more stylized modern-era work). Majority of the complaints made against the film are directed at this parody — too long, too self-indulgent — and the complaints hold water with one crucial problem: the footage is breathtaking. There’s a sequence where The Actor (Bob Random) pursues The Actress (Oja Kodar, Mr. Welles’ collaborator and companion) across abandoned film sets; their vanishing in and out of colorful flats ornamented with noirish striped shadows feels more smoothly orchestrated and edited than a similar sequence in Lady From Shanghai; later there’s a scene involving beaded necklaces, a rusty-springed iron-frame bed, and a daggerlike pair of scissors that helps goad the audience into new levels of unsettled arousal — also driving the lead actor to walk off the set, naked.
There’s a car hurtling through the rainstorm night — the car in reality is motionless, with a hose supplying windshield rain and a man holding two lamps while sitting on a wheelchair providing oncoming traffic. The Actress caresses The Actor while The Driver (Robert Aiken) grows increasingly jealous — the Actress’ heavy beads swing against her heavy breasts while red and green stoplights flash at her face in simulated orgasm. Perhaps the single most erotic sequence in Mr. Welles’ career (though The Immortal Story and F is for Fake have their moments, and Mr. Welles did once edit the shower scene in a porn film [3 AM, directed pseudonymously — he had to eat, after all — by Other cinematographer Gary Graver]), it stands out as an exploration of sexuality — and if we read Ms. Kodar’s predatory Actress as Hannaford seducing his male lead — as an exploration of Hannaford’s sexuality, possibly of Mr. Welles’.
Mr. Welles disliked psychoanalysis of his films and likely anticipated all this thinking by talking of “directing with a mask on.” But putting on a mask also has the sometimes unintended consequence of revealing too much: the masked man feels safe, liberated from exposure, is often unguarded in his actions — in this case possibly his art. Also possible that Mr. Welles recognized a little psychoanalysis can go a long way towards exciting interest in a work, and planted little red herrings here and there — y’know, for the unwary.
Is the film a mess? Sure. Is it a masterpiece? Probably not (I would personally vote for his take on the character of Falstaff). But considering that this finished product assembled by others represents only 2% of all the footage Mr. Welles shot, that there are questions about what Mr. Welles actually edited and helmed (Ms. Kodar reportedly did a few scenes), with conflicting statements from different parties on record — perhaps it isn’t the last statement on the subject, nor should it be. Perhaps it’s possible maybe five or 10 years down the road to make another version of Other, done by yet another young punk editor or filmmaker (A 40-minute dialogueless art film? A three-hour party picture?), and that the whole debate will rise again, never to be definitively settled, sealing (or rather unsealing) Mr. Welles’ reputation for years to come. Is this the best film Mr. Welles ever “directed?” Perhaps not, but there’s a good case to be made that it’s the best trick he’s ever pulled.

TV5 president confident network can break even in 2019

While big changes at TV5 Network, Inc. saw the company scale back losses by as much as 30% in 2018, President and Chief Executive Officer Vincent P. Reyes has some challenging months ahead if he hopes to break even by the end of the year.

“I would be the first to say, it’s going to be very, very difficult,” Mr. Reyes told reporters on Thursday. “But I think I am confident in the fact that we have assembled a team that is going to be able to take advantage of any such opportunity that will allow us to achieve that target.”

Recent streamlining efforts began in late 2017, with a partnership with ESPN. The decision to shift away from general entertainment to sports was a difficult one, Mr. Reyes said, but one he believes ultimately paid off.

With plans to leverage their new sports content online, TV5 launched ESPN5.com, in the hopes of “becoming a big player in the digital space” — completely repositioning the company as a digital-first sports and news network. In the short-term, TV5 saw a drop in advertising placements through the end of 2018. But cutting costly entertainment content from the lineup saw a substantially better bottom line for the network.

“The partnership with ESPN was very important because it gave us a lot of content at a cost which was not as prohibitive as it was when we used to do general entertainment,” Mr. Reyes said.

Moving into 2019, Mr. Reyes said TV5 has plans to relaunch its “AksyonTV” channel, rebranding it as “5 Plus”. Set to air on Jan. 13, the new channel will target younger audiences with content ranging from extreme sports to esports tournaments.

“We had some difficulty monetizing Aksyon because there wasn’t a definite identity,” Mr. Reyes said. “[Plus 5] plays a much, much bigger role than [AksyonTV] used to. So, I think it’s going to be a big help, and the benefits of 5 Plus should be felt… by the entire organization.”

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Denise A. Valdez

What to see this week

3 films to see on the week of January 11 – January 17, 2019

Ghost Wife


A THAI ghost story, the film follows Nards and Mac who are high school sweethearts. After Nards learns that she is pregnant, her mother persuades her to abort the child. Meanwhile, in order to keep him away from Nards. But Nards dies after the abortion, returning as a ghost who haunts the apartment complex she lived in. Directed by Mate Yimsomboon, the film stars Supawadee Kitisopaku, Chitipat Wattanasiripong, and Nattana Kuwongwattanaseree.
MTRCB Rating: R-13

Bumblebee


THIS LATEST film in the Transformers series is set in 1987, where Bumblebee finds refuge in a junkyard in a beach town in California. While searching for the perfect car, 18-year-old Charlie finds a yellow Volkswagen beetle and soon discovers that it is no ordinary VW beetle. Directed by Travis Knight, the film stars Hailee Steinfeld, John Cena, and Jorge Lendeborg, Jr. Empire’s James Dyer writes, “In the end, it’s not from [Michael] Bay but rather the movie’s other big-name producer that [Travis] Knight has drawn inspiration. Steven Spielberg’s DNA feels baked into Bumblebee, resulting in an ’80s movie not just in setting and aesthetic but also sensibility — a high-octane concept Transformed into an Amblin love letter. Knight has served up a gleeful romp with wit, warmth and a whole lot of heart. It’s taken six movies to get here, but we finally have a Transformers film that’s more than meets the eye.”
MTRCB Rating: PG

Boy Tokwa:Lodi ng Gapo


ANDY Morelos Woods goes to the Philippines to learn the truth about his grandfather Rodrigo Morelos, a.k.a. Boy Tokwa. And based on the stories told by Boy Tokwa’s friends, Andy leans about the Olongapo kid who becomes a con artist, marries a Naval officer, and who gets in trouble with the community. Directed by Tony Y. Reyes, the film stars Jose Manalo, Joey Marquez, Buboy Villar, Karel Marquez, Gian Sotto, and Allan Paule.
MTRCB Rating: PG

AC Health to boost expansion of FamilyDoc clinics

By Arra B. Francia, Reporter
THE health care unit of Ayala Corp. (AC) looks to end the year with more than 80 FamilyDoc clinics, as it continues to be on the lookout for partnerships to expand its existing facilities.
Ayala Healthcare Holdings, Inc. (AC Health) Chief Executive Officer Paolo Maximo F. Borromeo said the company is on track with its expansion plans, which involves putting up 1,000 Generika drugstores and 100 FamilyDoc clinics by 2020.
“We’re on track with our expansion plans. We’re very excited about where we are with Generika and with FamilyDoc, we have over 50 clinics now. And by (2019), we should have over 80 clinics. Our target is still 100, but that’s only here in Greater Manila Area,” Mr. Borromeo told BusinessWorld on the sidelines of the AC Health Leadership Summit in Makati last month.
AC Health holds a 50% stake in Generika Drugstore following its partnership with the Ferrer family in 2015, which owns the other half.
“We invested in Generika drugstore to help expand the reach of generic medicines, which provide Filipinos up to 80% savings versus branded equivalents,” AC President and Chief Operating Officer Fernando Zobel de Ayala said in a speech during the event.
“We also believe that Filipinos deserve quality, primary care, and as such, have been investing to expand our FamilyDoc clinics across more communities where access to basic health services have historically been limited.”
Asked if the company is planning to put up FamilyDoc clinics in the provinces, Mr. Borromeo said they have yet to draw up such plans.
“We haven’t thought of it yet. But if we do go outside of Metro Manila, our focus will be the big cities like Cebu, Davao, Iloilo, and in those cases, what I’d like to do is work with someone, with a local partner preferably that will give us large health care in those municipalities,” Mr. Borromeo explained.
PARTNERSHIPS
The AC Health executive noted that while they cannot disclose any agreements yet, they continue to look for partnership opportunities that will allow them to invest in existing hospitals, or to build new facilities from the ground up.
“Moving forward, we’re looking at investing in the hospital and specialty care space to complete the continuum of care for our patients. We believe this ecosystem view is important in delivering integrated quality, and affordable services,” Mr. Zobel said.
AC Health has been steadily expanding its portfolio. Last December, it acquired a 75% stake in Negros Grace Pharmacy, Inc., broadening its footprint in the Visayas.
The company is also investing in technologies that could potentially disrupt the health care industry in the future. For instance, the company acquired a minority stake in a home health app called Aide, which allows patients to book doctors, nurses, and other medical professionals to provide health care services at home. It also has investments in online pharmacy MedGrocer.
AC booked a net income attributable to the parent of P23.86 billion in the first nine months of 2018, 3% higher year-on-year, on the back of an 18% uptick in gross revenues to P201.68 billion.

Inflation-ravaged 2018 shakes faith in regional wage-setting

By Gillian M. Cortez
Reporter
FOR NEARLY three decades, wages in the Philippines were set by region, a practice which has been questioned after inflation averaged 5.2% in 2018, thereby eroding the spending power of workers faster than the system could keep up.
The Wage Rationalization Act or Republic Act 6727 was signed into law on June 9, 1989. It called for the Regional Tripartite Wages and Productivity Boards (RTWPB) to prescribe and establish the minimum wage rates in their respective regions. Covered by this law are minimum wage earners in the private sector only.
Nagkaisa Labor Coalition (Nagkaisa) Spokesperson Renato B. Magtubo said that wage orders of RTWPBs have not provided sufficient pay increases.
“It’s not enough because even if there are increases by regional wage boards, they are small, and there is still no concrete action behind the promise of a national minimum wage,” Mr. Magtubo said in a phone interview with BusinessWorld.
The Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) believes the system “has not evolved with the times. It has become obsolete and irrelevant to the interest of (workers),” its Spokesperson Alan A. Tanjusay told BusinessWorld in an online message.
The Wage Rationalization Act also aims “to enhance employment generation in the countryside through industry dispersal; and to allow business and industry reasonable returns on investment, expansion and growth.” According to University of the Philippines School of Labor and Industrial Relations (SOLAIR) Associate Professor Melissa R. Serrano, the law failed to meet this objective.
“The reason why they decided to make it regional is to attract businesses to the regions… But that did not meet that particular objective and goal,” she said in an interview with BusinessWorld.
Employers Confederation of the Philippines (ECoP) Acting President Sergio R. Ortiz-Luis, Jr. said last month that removing the regional minimum wage will just scare investors away from provinces and concentrate them in urbanized areas. In Philippine Statistics Authority’s (PSA) latest available data on the regions’ share of GDP, NCR was accounted for the largest share in the Philippines’ economy with 36.4% for 2017.
National Wages and Productivity Commission Director Maria Criselda R. Sy said in an interview with BusinessWorld that the RTWPBs are still the appropriate authority for determining minimum wages appropriate to their regions. She said, “Decisions made on the appropriate minimum wage should be at the areas where the situation exists. The regions are in the best position to identify or determine the wages.” PSA reported that the inflation rate in NCR for December was 4.6% while the corresponding rate for areas outside NCR was 5.6%.
De la Salle University-College of Law Professor Domingo T. Añonuevo said in an e-mail to BusinessWorld that minimum wages should approximate a living wage, or an income sufficient to cover basic needs, since the current mechanism for raising wages “may not be expected to grant substantial minimum wage increases” when inflation reaches levels that effectively wipe out any gains.
Bukluran ng Manggagawang Pilipino Chair Leody de Guzman concurs that minimum wages should correspond to a living wage, telling BusinessWorld in an e-mail: “The cost of living should be the principal determinant of wages… Workers have to live decently in order to work productively.”
Ms. Sy said a living wage and minimum wages are often mistaken for one another, but what distinguishes them is that the minimum wage considers the capability of businesses to pay, since businesses have a say in setting them alongside their counterparts representing workers and government.
Senator Emmanuel Joel J. Villanueva believes the starting point for wage reform is to ensure that businesses pay the correct wages especially when workers are struggling to live within the minimum wage. In a mobile message to BusinessWorld, Mr. Vilanueva said: “By increasing the penalty, we hope to put more teeth into the law and induce employers to pay their workers what is rightfully due them.” Mr. Villanueva added with Senate Bill No. 1381 or “The Amendment to the Wage Rationalization Act,” establishments found violating the law will pay a penalty not less than P100,000 and moral damages of P30,000 for each worker involved. The bill is currently pending at committee level.
In a Jan. 6 statement, TUCP Party-list Representative Raymond C. Mendoza called on the administration to abolish the RTWPB system and replace it with a single tripartite board which will determine the national minimum wage. He is also behind House Bill 7805 or “The Living Wage Act of 2018” which will give a P320 increase in prevailing wages in all regions. Not too long before the bill was filed, the Makabayan bloc filed HB 7787 which seeks to implement a national minimum wage of P750.

Your Weekend Guide (January 11, 2019)

DOG show at The Big Dome

THE WINNERS of Best Veteran in Show in last year’s Philippine Circuit Show.

THE Smart Araneta Coliseum in Cubao, QC, hosts the Philippine Circuit Show 2019 from Jan. 10 to 13. Considered the biggest dog show in Asia, the Philippine Circuit, organized by the Philippine Canine Club Inc., is now on its 8th year and draws the best of the best among purebred dogs from the Philippines and other parts of the globe. Admission to the public is free. This year, 568 entries have been registered. They will compete in 12 shows across those four days. Up for grabs are titles such as Philippine Champion, Southeast Asian Champion, Asia Pacific Champion and FCI (Federation Cynologique Internationale) Champion.

Films on fashion


THE Museum of Contemporary Art and Design (MCAD) of the De La Salle-College of Saint Benilde (DLS-CSB) presents a selection of films about fashion on weekends this January. On Jan. 11 and 12, explore the life and career of British fashion Lee Alexander McQueen in the documentary McQueen. Screenings are at noon at The Loop, 12/F DLS-CSB Campus, and are free and open to the public. For inquiries and reservation, call 230-5100 local 3897 or e-mail at mcad@benilde.edu.ph.

Acoustic concert

CATCH acoustic duo Sherman Tupas and Natasia Cunanan in BOU Both of Us: Natasia & Sherman Love Life on Jan. 11, 8 p.m., at the Music Museum, Greenhills, San Juan. Directed by Calvin Neria, the show also features Katrina Velarde, Benj Manalo, and Angeline Quinto as special guests. For tickets, contact TicketWorld (www.ticketworld.com.ph, 891-9999).

Rep’s Rapunzel

REPERTORY’s Theater for Young Audiences presents Rapunzel: A Very Hairy Fairy Tale until Jan. 27 at Onstage Theater in Greenbelt 1, Makati. For tickets and schedules, contact TicketWorld (www.ticketworld.com.ph, 891-9999).

Shell stations start collecting higher fuel taxes — Energy dep’t

PILIPINAS Shell Petroleum Corp. has adjusted the prices of the petroleum products it is selling to reflect the implementation of the higher excise and value-added taxes under the Tax Reform for Acceleration and Inclusion, or TRAIN law.
In a press conference on Thursday, the Department of Energy (DoE) said its Oil Industry Management Bureau (OIMB) had received up to 444 reports from retail stations that have imposed the second tranche of the tax reform.
“There are 369 outlets from Petron Corp., 46 from Pilipinas Shell Petroleum Corp. and 29 from Flying V,” said Energy Undersecretary William Felix B. Fuentebella.
He said the bureau had sent two teams on Thursday to visit various retail outlets in Caloocan, Quezon City and Malabon to serve show-cause orders and to validate their documents on the imposition of excise tax and its corresponding additional value-added tax.
“We are ensuring that our consumers do not become subjects of profiteering. We are issuing show-cause orders to the concerned retail outlets for them to explain their implementation of the second tranche of excise taxes. In addition, we are also validating the prices of their fuel products to check whether they have already imposed the second wave of excise taxes,” Energy Secretary Alfonso G. Cusi was quoted as saying.
Under the second tranche of TRAIN, an additional excise tax of P2 will be imposed per liter of diesel and gasoline, and P1 per kilogram on household liquefied petroleum gas (LPG).
An additional 12% value-added tax will also be imposed, which totals to P2.24 for both diesel and gasoline, and P1.12 for LPG. The imposition of the taxes took effect on Jan. 1, 2019.
Rino E. Abad, director of OIMB, said the imposition of excise tax by retail outlets depends on the exhaustion of their existing 2018 inventories.
Only new inventories in 2019, directly imported or locally produced by refineries, are covered by the second tranche of excise tax, the DoE noted.
Mr. Rino said retail stations’ inventory levels vary, depending on the status of individual depots and retail outlets, and turnover for specific products such as diesel, gasoline, kerosene, and liquefied petroleum gas. — Victor V. Saulon

Metrobank expects ‘consistent’ growth

METROBANK sees steady growth on the back of the economy’s strength.

METROPOLITAN Bank & Trust Co. (Metrobank) expects its growth to be “consistent” this year compared with 2018 as it draws strength from the economy’s expansion.
Metrobank President Fabian S. Dee said on Thursday that the Ty-led lender’s growth for this year will be “consistent” given its size.
“We’ll be consistent [since] the bank our size, the baseline is already big. So in terms of percentage, it cannot be proportional anymore,” Mr. Dee told reporters on the sidelines of an event in Makati City.
Amid projections of a robust economy moving forward, Mr. Dee said Metrobank’s growth will track the country’s own expansion.
“Since it looks like the [gross domestic product] projections are quite healthy, we would expect similar results at the very least compared to 2018,” the official said.
According to latest data, the Philippine economy grew at its slowest pace in three years in the third quarter of 2018 at 6.1%, weighed down by tempered household spending amid elevated inflation.
Despite this, Socioeconomic Planning Secretary Ernesto M. Pernia said in November the economy’s ability to sustain at least six percent growth for the past 14 quarters “suggests that we are now on a higher growth trajectory.”
Meanwhile, the bank said it “should expect” its lending growth to likewise remain strong in 2019 from the previous year, even as price increases are seen to decelerate.
“So far, I think…the inflation trend is already tapering off. So we’ve seen the highest it could go already,” Mr. Dee said.
The official said the bank is also optimistic that more investors will park their funds in the local market, given that the bourse “has been surging.”
“We’re also optimistic [given that] recently, if you see our index, it has been surging… So we’re hoping this trend will continue, especially when people are seeing that developed markets may have reached their optimal levels already in terms of valuation,” the bank president added.
“Hopefully, portfolio managers will be diversifying their investments and we will get a fair share of that.”
Last month, Metrobank raised P18 billion from the reissuance of its two-year peso-denominated bond program, which carry a tenor of two years with a rate of 7% per annum.
It also raised some P8.68 billion in October from the first tranche of its P25-billion long-term negotiable certificates of deposit program. The notes will mature in 5.5 years to be paid quarterly and carry a 5.375% rate.
Metrobank posted a P5.7-billion net income in the third quarter, 55% higher than the P3.7 billion recorded in the same period in 2017, supported by the solid performance of its core business.
Shares in Metrobank stood at P81.90 apiece on Thursday, up 45 centavos or 0.55% from the previous close. — Karl Angelo N. Vidal

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