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Hot-button film is China’s surprise box-office hit

SHANGHAI — The screen portrayal of a cancer sufferer whose illegal import of foreign medicines into China spurred national policy changes has become a box-office smash as audiences flock to a rare Chinese film on a hot-button issue.
Dying to Survive is based on Lu Yong, who was arrested in 2013 after illegally importing a generic cancer drug in a case that sparked public debate about high medical costs.
It is being compared to Dallas Buyers Club, the critically acclaimed 2013 US film about smuggled HIV treatments, and praised as a breath of fresh air in China’s heavily censored cinema landscape.
The public debate eventually saw Lu’s case dismissed and his experience is credited with prompting government steps to make cancer medicines more accessible and affordable.
Starring popular comic actor and director Xu Zheng as a character modelled after Lu, the movie uses touches of black comedy to leaven the heavy subject matter and is on course to become one of China’s highest-grossing films.
Released July 5, it surpassed even the first-week box office take of Wolf Warrior 2, a commando adventure that last year capitalised on rising patriotism to become China’s highest-grossing movie ever and the first non-Hollywood title in the 100 all-time top-earners worldwide.
THREE YEARS TO LIVE
Lu, now 50, was told in 2002 he had three years left after being diagnosed with chronic myelogenous leukaemia (CML).
Doctors said Glivec, manufactured by Swiss pharmaceutical giant Novartis, could stabilise his condition until he was able to get a potentially life-saving bone-marrow transplant.
But Glivec — Novartis’ brand name for the drug Imatinib — cost a prohibitive 24,000 yuan ($3,600) per bottle in China then.
An Indian generic version cost only 2,000 yuan, however, so Lu began ordering it from abroad, increasing the volume over the years as other patients sought his help.
The Indian drug was barred under Chinese rules and Lu was eventually arrested.
But in a rare case of Communist authorities bending to popular opinion, prosecutors in central Hunan province dropped Lu’s case after thousands of Chinese leukaemia patients signed an open letter urging his release.
Lu, who says he never sought to profit from the scheme, was never charged.
Since then, the government has relaxed policies on cancer drug imports and allowed reimbursement for Glivec prescriptions under national health insurance.
“I know the pressure of being tortured by disease, so I never thought to make one cent,” Lu said in comments on his personal blog.
“Since the movie’s release, it’s become a sensation. To be able to push healthcare reform is an excellent thing.”
Lu, still awaiting his bone-marrow transplant, is now a businessman who owns a glove factory in eastern China.
As of Friday, the film had earned 2.04 billion yuan ($300 million). Wolf Warrior 2 earned a total 5.67 billion yuan in a 12-week cinema run.
CHANGING MINDS
China’s censors rarely green-light mass releases of films on touchy subjects.
But the key villain in Dying to Survive is the pharmaceutical industry, and the Communist Party apparently saw the propaganda value of a movie that portrays the government as responsive on the issue.
The government announced earlier this year that it would lift tariffs on many cancer treatments, and the buzz around the film’s release has coincided with yet more change.
In late June, it was announced that dozens of previously barred imported drugs had been added to national medical insurance.
After the release of Dying to Survive rekindled the discussion, China’s drug administration said it also would remove hurdles to foreign generic drugs “to better satisfy the medication need of China’s patients.”
The movie hit a 9.1 average rating on popular Chinese film-review website Douban.com shortly after its release, one of the site’s highest-ever marks.
Bai Feng, the original prosecutor in Lu’s case, told a government-run news portal after the film came out that Lu’s case helped change government thinking.
“It promoted a transition in our concept of justice and the perception of how we enforce the law,” Bai said. — AFP

DMCI Homes set to top off Sheridan North Tower

CONSUNJI-LED property developer DMCI Homes is poised to top off the second building of its Sheridan Towers project in Pasig City this month.

Sheridan Towers North Tower
Sheridan Towers North Tower

In a statement, DMCI Homes said the 43-residential level North Tower is already 46% complete as of June. Turnover for units at the North Tower is expected by May 2020.
Units at the South Tower were turned over in September 2017, a year earlier than its committed ready for occupancy (RFO) date of November 2018.
The two-tower development is located near the boundary of Pasig and Mandaluyong City. It can be accessed via EDSA and C-5, as well as the soon-to-be-built BGC-Ortigas Center Link Road.
“Both towers are already sold out amidst big demand for residential condo units in the area especially from young professionals and start-up families working in Makati, Mandaluyong, Ortigas, and Bonifacio Global City,” DMCI Homes said.
The North Tower offers one-bedroom, two-bedroom, and three-bedroom unit types with a balcony. Sizes of the units range from 28 square meters (sq.m.) to 79.5 sq.m. and are priced between P3 million to P6 million.
Occupying a land area of 11,155 sq.m., Sheridan Towers has a modern tropical theme with resort-inspired amenities including a basketball court, playcourt, children’s play area, entertainment room, fitness gym, function hall, lap pool, leisure pool, kiddie pool and gardens.
DMCI Homes employs its own Lumiventt Technology, which allows natural light and airflow into residential units of high-rise structures.
“The design technology features Sky Patios, or three-storey high openings located at the front and back of every five-floor levels; vents at both sides of the building; and breezeways which not only add to the aesthetics but also enliven the structure,” the company said.
Aside from Sheridan Towers, DMCI Homes has developed other resort-inspired communities in Mega Manila, Baguio, Boracay and Davao City. — CRAG

US lawmakers shown backing fake kindergarten gun scheme in Sacha Baron Cohen’s new satire show

LOS ANGELES — In Sacha Baron Cohen’s provocative new comedy show, American politicians are filmed backing a fictitious program to teach kindergartners how to use guns to defend themselves in school shootings.
In a seven-episode series launching on cable channel Showtime on Sunday, the British prankster takes on four different personas as he satirizes the political and cultural life of the United States in the era of President Donald Trump.
In the first episode of Who is America?, previewed for media by Showtime, Baron Cohen poses as an Israeli anti-terror expert who gets two US congressmen to voice support for his fake “Kinderguardians” scheme for children as young as three.
The scheme includes a fake instructional video featuring children’s songs and “gunimals” — weapons adorned with soft toys — that would purportedly help kids confront the school shootings that have plagued the United States for the past decade.
Republican congressmen Dana Rohrabacher of California and Joe Wilson of South Carolina, along with former Senate Republican leader Trent Lott, who is now a lobbyist at a Washington law firm, are shown enthusiastically backing the idea, alongside gun rights advocates and a former congressman-turned-talk radio host, Joe Walsh.
Showtime and Sacha Baron Cohen both declined to comment on the series. Those shown endorsing the fake scheme, including the politicians, had not seen the finished show ahead of its Sunday premiere. Rohrabacher, Wilson, and Lott did not immediately reply to requests for comment late on Saturday.
Walsh told CNN on Saturday that he was tricked into reading the words off a teleprompter.
The show marks Baron Cohen’s first TV project in a decade after he launched his comedy career as subversive white English rapper Ali G., whose interviewees included Donald Trump and Newt Gingrich. His 2006 faux documentary film Borat ridiculed Kazakhstan and Middle Americans.
In Who is America?, Baron Cohen also takes aim at the media and political correctness, with the comedian posing as a pony-tailed liberal radio reporter on a post-2016 election cycling tour, and a man in a disability scooter who purports to investigate fake news.
In the first episode, Baron Cohen’s radio journalist persona is shown dining at the home of two Trump supporters in South Carolina and regaling them with lurid stories about his supposed family.
Walsh, the former congressman from Illinois, told CNN on Saturday that he had been asked by a documentary crew to read lines from a teleprompter endorsing various supposed Israeli innovations, including the idea of arming four-year-olds to defend themselves against terrorists.
“I’ll probably laugh at myself” when the episode airs, Walsh told CNN, adding that he is a fan of Baron Cohen. “He’s a funny guy because he gets people to say stupid things.” — Reuters

GT Capital’s ProFriends inks deal to sell land in Cavite to MPIC arm

A PROPERTY UNIT of GT Capital Holdings, Inc. has sealed a deal with Metro Pacific Investments Corp.’s (MPIC) logistics arm to sell its Cavite property for P1.02 billion.
In a disclosure to the stock exchange on Monday, GT Capital said its subsidiary Property Company of Friends, Inc. (ProFriends) and MPIC’s MetroPac Movers, Inc. (MMI) signed definitive agreements for the sale of 202,110 square meters (sq.m.) of land in General Trias, Cavite priced at P5,025 per sq.m.
MMI disclosed its intention to acquire ProFriends’ property last month, which it said will be developed into a covered warehouse space spanning 141,000 sq.m. The facility will be used to better manage MMI’s distribution centers for existing and potential clients in the fast moving consumer goods, consumer durables, automotive, and e-commerce spaces.
MPIC will be spending P8 billion to develop the property and to purchase equipment to be used in the facility.
The developed warehouse space will be added to MMI’s current portfolio of 207,000 sq.m. warehouse spaces across the country.
MMI’s acquisition forms part of the Metro Pacific group’s goal to ramp up its investments in the logistics industry. Earlier this year, the company said it is on the look out for two to three logistics firms. It is also poised to close its acquisition of transport and logistics solutions provider Air21.
ProFriends is one of the property units under GT Capital alongside Federal Land, Inc. The company ended 2017 with a total land bank of 2,211.9 hectares primarily in Cavite and Iloilo. Of this, 602.2 hectares have been developed while 1,609.7 hectares are undeveloped.
The company builds master-planned townships consisting of residential subdivisions and commercial, retail, and institutional establishments. It has recently expanded its scope to medium-rise buildings, through its Illustrata Residences project in Quezon City.
ProFriends targets the affordable and middle income markets, with house and lot packages priced from P700,000 to P3.3 million, according to its 2017 annual report.
ProFriends and Federal Land generated P4.3 billion in consolidated revenues during the first quarter of 2018, resulting to a net income of P423.8 million.
Aside from property, GT Capital also has core investments in banking, automotive, insurance, and infrastructure.
GT Capital’s consolidated net income jumped 21% to P3.8 billion in the January to March period, supported by P45.5 billion in consolidated revenues for the period.
Shares in GT Capital dropped by 0.52% or P5 to close at P950 each at the Philippine Stock Exchange on Monday.
MPIC is one of the three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc., 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. — Arra B. Francia

Amaia Steps Nuvali starts turnover of units

AFFORDABLE property developer Amaia Land Corp. is set to turn over units of its mid-rise condominium project in Nuvali Canlubang in Calamba, Laguna.
Amaia Steps Nuvali offers a total of 1,140 units composed of studio and premier units in its four- and six-storey developments. Some of the units have balconies.
“At the forthcoming turnover of Amaia Steps Nuvali units, our new residents will be assured of a cozy, leisurely, and affordable condo living experience right at the heart of this central district,” Val Valecina of Amaia Land was quoted as saying.
The 2.8-hectare development has a lifestyle amenity hub, which includes swimming pools for adults and kids, basketball courts, kids’ play zones, and a central clubhouse.Located on West Conservation Avenue, Amaia Steps Nuvali is a five-minute ride away from the main entrance of Nuvali, along Sta. Rosa-Tagaytay Road.

Treasury opts for partial award of T-bills

By Karl Angelo N. Vidal, Reporter
THE GOVERNMENT made a partial award of the Treasury bills (T-bill) it auctioned off on Monday, with rates on the longer tenors rising amid persistent concerns over domestic inflation.
The Bureau of the Treasury (BTr) borrowed just P12.101 billion at its T-bills auction yesterday, falling short of the P15 billion it offered to investors.
Total tenders amounted to P28.2 billion, declining from the P30 billion recorded at last week’s offering.
Broken down, the government borrowed P4 billion as planned via the 91-day tenor yesterday as tenders by investors totalled P13.528 billion. The average rate dropped 1.7 basis points to 3.291% from the 3.308% logged in the previous auction.
Meanwhile, the Treasury made a partial award of the 182-day papers as it raised just P3.424 billion, falling short of the P5 billion the bureau intended to borrow. This, as the average yield climbed 14 basis points to 4.185% from last week’s 4.045%.
For the 364-day T-bills, the BTr likewise borrowed just P4.677 billion out of the P6 billion it wanted to raise. The average rate also picked up by 9.7 basis points to 4.767% from the 4.67% tallied in the previous offering.
At the secondary market prior to the auction, three-month and six-month papers were quoted at 3.6367% and 4.24%, respectively, while one-year securities fetched a 4.6893% yield.
At the close of the trading, all tenors rallied to finish the day with lower yields. The 91-day T-bill fetched 3.2675%, while the 182-day papers were quoted at 4.0282%. The 364-day papers also saw their yield drop slightly to 4.6548%.
National Treasurer Rosalia V. De Leon said the Treasury saw “a lot of demand” as investors still prefer to lock in their funds in the short-end of the curve.
“We still see that there’s a lot of demand, particularly they just want to stay on the short-end,” Ms. De Leon told reporters following the auction yesterday.
She added that the market was still concerned about domestic inflation, with the Bangko Sentral ng Pilipinas (BSP) expected to raise its benchmark rates anew after the sustained rise in prices.
“[Investors priced in] the persistent concerns on inflation and expectations of the BSP will again hike [again and] make the move this August.”
Earlier this month, data released by the Philippine Statistics Authority showed headline inflation accelerated to a fresh five-year high of 5.2% in June.
The inflation print last month picked up from the 4.6% figure logged in May and exceeded estimates from the BSP and the Department of Finance.
BSP Governor Nestor A. Espenilla, Jr. said the central bank will review its forecast inflation path as this will shape the strength and timing of its next monetary policy response to temper inflation expectations.
The BSP has already raised its rates twice this year, with borrowing costs now within a 3-4% range.
“All these are the persistent concerns of the market so they’re already putting some buffer in terms of the rates to make sure that they will be covered because of the rate hikes even for the short-end of the curve,” Ms. De Leon said.
She added banks and other financial institutions also priced in the inflation print in the US, which boosted expectations that the Federal Reserve will raise interest rates as well.
Meanwhile, a trader said the auction results were in line with expectations as the shortest tenor “traded sideways to lower.”
“For the pricing, we still saw demand for the 91-day [papers] given the total tenders amounting to P13 billion versus the P4 billion offer,” the trader said.
The Treasury is set to raise P300 billion from the domestic market this quarter through auctions of securities, offering P195 billion in T-bills and another P105 billion in Treasury bonds.
The government plans to borrow P888.23 billion this year from local and foreign sources to fund its budget deficit, which is capped at 3% of the country’s gross domestic product.

ABS-CBNmobile ends Globe network sharing

ABS-CBN Corp. has ended its network sharing with Globe Telecom, Inc. — ABSCBNMOBILE.COM

ABS-CBN Corp. has severed network sharing ties with Globe Telecom, Inc. for its ABS-CBNmobile brand after its five-year agreement expired.
In a disclosure to the stock exchange on Monday, ABS-CBN said the financial status of its mobile business was the reason for the decision.
“After a thorough assessment, ABS-CBN Convergence deemed its current mobile business model to be financially unsustainable. As a result, ABS-CBN Convergence and Globe reached an agreement not to renew their mobile network sharing agreement and to look at more profitable opportunities in the content business,” it said.
With the termination of the contract, the Lopez-led company said its prepaid, postpaid and Sky Mobi subscribers may keep availing their services “until the final date that will be approved by the National Telecommunications Commission.”
ABS-CBN Chief Finance Officer Aldrin M. Cerrado said in April the company has “contained” its losses from the ABS-CBNmobile business in 2017. During the first quarter, the company saw its interconnection costs down 64% to P49 million from P81 million in the same period last year.
ABS-CBN signed a network sharing agreement with Globe in May 2013 to receive capacity and coverage from the telecommunication giant’s cellular network. “The parties may also share assets such as servers, towers, and switches,” it said in a regulatory filing.
Despite the decision to discontinue ABS-CBNmobile, the two companies have agreed to keep connections for the TVplus boxes, Kapamilya Box Office and iWant TV offers of ABS-CBN.
“ABS-CBN and Globe are exploring new ways and synergies that complement their business models,” the company said.
Mr. Cerrado previously said the direction of ABS-CBN this year is to focus on its digital terrestrial television (DTT) business, broadband services through Sky Broadband, direct-to-home (DTH) business and international markets
In a statement in early July, ABS-CBN said it has sold five million digital boxes nationwide in May from when it was launched in 2015, inching closer to its goal of selling six million units by the end of the year.
ABS-CBN posted a 7% increase in attributable net income at P452.53 million during the first quarter. It was driven by lower gross expenses tempering the decline in advertising revenues.
Shares in ABS-CBN gained 55 centavos or 2.25% to close at P24.95 apiece on Monday. — Denise A. Valdez

Netflix topples HBO in Emmy nods, but Game of Thrones still rules

LOS ANGELES — HBO’s medieval fantasy series Game of Thrones led nominations for the Emmy Awards announced last week, but streaming service Netflix knocked HBO off its 17-year pedestal as the network with the most nods.
A slew of first time Emmy contenders included Sandra Oh as the first Asian lead comedy actress nominee for her role in quirky spy series Killing Eve, and Rachel Brosnahan’s 1950s housewife turned comedian in The Marvelous Mrs. Maisel.
Female-led shows and stories also did well as television continued to lead the way in reflecting social change, while the likes of Donald Glover, Tracee Ellis-Ross, Penelope Cruz, Antonio Banderas, Issa Rae, Regina King, and John Legend headed a racially diverse acting line-up.
Games of Thrones, a worldwide hit, got 22 nods, including for the top prize of best drama series. It was followed by NBC’s sketch show Saturday Night Live and HBO’s sci-fi series Westworld with 21 nominations each, and Hulu’s dystopian vision The Handmaid’s Tale with 20.
Just five years after the launch of its first original series, House of Cards, Netflix ended HBO’s 17-year streak as the most Emmy-nominated network.
Netflix gathered 112 nods for shows that ranged from supernatural drama Stranger Things and British royal show The Crown to female wrestling comedy GLOW, new Western drama Godless and reality makeover series Queer Eye.
HBO, which was recently acquired by wireless carrier AT&T Inc, had 108 nominations, and noted in a statement that it was the eighth year it had gathered 100 nominations or more. NBC shows earned 78 nods.
Netflix campaigned heavily for the Emmy, the highest honors in television, and says it has budgeted $8 billion for programing in 2018.
Stranger Things executive producer and director Shawn Levy said the streaming service was a joy to work with.
“They follow our lead and they don’t make us live inside a box either creatively or financially, and that is almost unheard of among networks and movie studios,” Levy told Reuters on Thursday.
The Emmy awards will be handed out in Los Angeles on Sept. 17 hosted by Saturday Night Live cast members Michael Che and Colin Jost.
Game of Thrones will compete for best drama with last year’s Emmy champion, Hulu’s The Handmaid’s Tale, which also won nods for actresses Elisabeth Moss, Alexis Bledel, Samira Wiley, Ann Dowd, and Yvonne Strahovski.
Bruce Miller, executive producer of The Handmaid’s Tale, acknowledged that the show’s vision of a theocracy where women are treated as property was hard to watch.
“You are basically writing a show about the way you pray that the world won’t go, and then it starts going that way. We sit around and pray for irrelevance,” Miller told Reuters.
Other best drama contenders include The Crown, NBC’s family drama This Is Us, Cold War spy series The Americans on FX, and Westworld.
Game of Thrones was out of the running in 2017 because the show aired later than usual.
In the comedy categories, hip-hop themed FX show Atlanta is up against Amazon’s The Marvelous Mrs. Maisel, ABC’s black-ish, GLOW, Curb Your Enthusiasm, quirky comedy Barry, tech comedy Silicon Valley, and Unbreakable Kimmy Schmidt.
FX’s true crime dramatization The Assassination of Gianni Versace led the limited series category with 18 nominations, including a best actor nod for Darren Criss who plays the killer of the gay Italian fashion designer.
Creator Ryan Murphy said it was a “heartbreaking story to tell, made more so by the fact that we continue as a culture to grapple with homophobia and shame and intolerance.” — Reuters

Robinsons Bank raises P1.78B from LTNCDs

ROBINSONS BANK Corp. raised P1.78 billion from the first tranche of its P5-billion long-term negotiable certificates of deposit (LTNCD) program, which it wants to use to support its loan growth.
At the ceremonial listing of the investment instruments on Monday at the Philippine Dealing System in Makati City, the Gokongwei-led lender said it raised P1.781 billion from the peso-denominated issue.
The notes will mature in 5.5 years and carry an interest rate of 4.875% to be paid quarterly until Jan. 16, 2024.
The issuance is the first tranche of Robinsons Bank’s P5-billion LTNCD program approved by the central bank.
“Our application is to issue a total of P5 billion which can be done in one to two tranches,” Robinsons Bank President and Chief Executive Officer Elfren Antonio S. Sarte told BusinessWorld in a previous interview.
“That flexibility allows us that if we don’t reach the [amount] that we are happy, we can offer [another tranche] within a year to complete the P5 billion.”
Like regular time deposits offered by banks, LTNCDs offer higher interest rates. However, LTNCDs cannot be pre-terminated but can be sold on the secondary market, making them “negotiable.”
Mr. Sarte said last month the proceeds of the fund-raising activity will be used to support the lender’s loan growth this year.
“As we project, our guidance will increase by about 30% in terms of assets. A lot of the asset growth will be coming from additional loans both in the commercial and consumer areas. That is really the reason why,” Mr. Sarte said.
“We’re ensuring that our leverage or liquidity coverage ratio will continue to be healthy so that we can continue to grow both lending out long with the LTNCD and the capital diffusion. That will strengthen our liquidity and funding sources.”
ING Bank N.V. (Manila branch) served as the sole arranger and bookrunner for the fund-raising activity. It joined Robinsons Bank as a selling agent.
Aside from this, the lender’s parent companies, JG Summit Holdings, Inc. and Robinsons Retail Holdings, Inc. is set to infuse P3 billion in fresh capital into the bank this month.
Robinsons Bank’s listing brings the total volume of outstanding listed securities to P893.01 billion, floated by 47 companies.
In June 2017, Robinsons Bank raised P4.182 billion from its first-ever LTNCDs, more than the initial P3 billion offer size, on the back of strong demand.
Apart from Robinsons Bank, UnionBank of the Philippines, Inc., BDO Unibank, Inc., Security Bank Corp., East West Banking Corp. and China Banking Corp. have also issued LTNCDs this year. — Karl Angelo N. Vidal

SEC approves equity restructuring bid of Vitarich

THE SECURITIES and Exchange Commission (SEC) has approved the equity restructuring of Vitarich Corp., which will allow the firm to wipe out its deficit and declare dividends to shareholders.
In a disclosure to the stock exchange on Monday, the listed agribusiness firm said the SEC has approved its application to decrease its authorized capital stock by reducing par value of 3.5 billion shares from P1 each to 38 centavos per share, resulting to an authorized capital stock of P1.33 billion.
Vitarich decided to pursue a quasi-reorganization last May 2017, with the details finalized only last April. Aside from eliminating its deficit, the equity restructuring will let the company declare dividends to shareholders out of its unrestricted retained earnings.
As of end-2017, Vitarich’s deficit stood at P2.289 billion, higher than the previous year’s P2.417 billion.
The company noted that the change in its par value will be reflected on the Philippine Stock Exchange’s trading system starting on July 23.
Vitarich graduated from a court-assisted corporate rehabilitation in 2016 after applying for the said program back in 2006 due to the effects of the Asian financial crisis and avian flu outbreak in 2003 on its finances.
The company was previously tagged as the country’s leading poultry and feed producer prior to the challenging business environment.
Incorporated in 1962, Vitarich’s primary products are feed, farm, and food, which are sold to several distributors, dealers, and end users nationwide.
Vitarich has programmed to spend P130 million in capital expenditures this year, while also planning to build a feed mill with a capacity of 20 tons per hour in Luzon.
Earnings of Vitarich went up by 8.7% to P51.7 million in the first three months of 2018, lifted by a 25% jump in revenues to P1.96 billion.
Shares in Vitarich slipped by two centavos or 0.81% to close at P2.44 each at the stock exchange on Monday. — Arra B. Francia

Hotel Transylvania books spot at top of US box office

LOS ANGELES — Sony’s Hotel Transylvania 3: Summer Vacation booked a stay at the top of the North American box office, taking $44.1 million in ticket sales, according to industry estimates Sunday.
The animated fantasy comedy, whose voice cast includes Adam Sandler and Selena Gomez, follows Count Dracula and his family as they get away from their hotel for their own vacation.
It swatted away last week’s number one, Ant-Man and the Wasp, in at second with takings of $28.8 million over the three-day weekend, according to industry tracker Exhibitor Relations.
The 20th release in Disney’s Marvel Cinematic Universe sees ex-con Scott Lang (Paul Rudd) languishing under house arrest in San Francisco after being caught, as his shrinkable superhero alter-ego, fighting some of the other Avengers in Captain America: Civil War (2016).
Struggling to balance home life and Ant-Man duties, he’s confronted by old flame Hope van Dyne (Evangeline Lilly), alias the Wasp, with an urgent new mission.
Third place went to Universal’s new release Skyscraper, with earnings of $25.5 million.
Packed with action, it sees Dwayne “The Rock” Johnson star as an ex-FBI agent who has to rescue his family from the newly built tallest skyscraper in the world, after terrorists set it ablaze.
In at fourth was Incredibles 2, dropping one place with takings of $16.2 million. After earning $28.4 million last week, it pushed past Pixar stablemate Finding Dory (2016) as the top-grossing animated film of all time in North America.
Disney’s Frozen still holds the global box office record for animated films.
Ranking fifth was Universal’s Jurassic World: Fallen Kingdom, taking $15.5 million.
The movie, which has raked in more than $1 billion globally, sees Chris Pratt and Bryce Dallas Howard struggle to contain dinosaurs rescued from a tropical Pacific island and sheltered temporarily at a California mansion.
Rounding out the top 10 were: The First Purge ($9.1 million); Sorry To Bother You ($4.3 million); Sicario: Day of the Soldado ($3.9 million); Uncle Drew ($3.2 million); Ocean’s 8 ($2.9 million). — AFP

Global companies at World Plaza

DAIICHI Properties’ World Plaza building in Bonifacio Global City is now home to several global companies.
“Daiichi Properties is honored that these companies chose us to be their corporate address. We take pride not just of our location and amenities but also of the efficient service that our teams provide. We would just like to reiterate to our tenants our commitment to be able to make their stay here at World Plaza as convenient and comfortable as possible,” Daiichi Properties Senior Vice-President Charmaine Uy said in a statement.
The 27-storey premium-grade office building features a double-glazed fully unitized curtain wall that maximizes natural lighting, a VRF air-conditioning system that ensures thermal comfort.
Daiichi Property Solutions provides world-class property management, with a team of managers dedicated to providing solutions to tenants’ concerns. It formed a new customer service team that is responsible for handling all tenant concerns.
“Our new customer service team are dedicated to respond fast, efficiently and more effectively to all requests coming from our tenants,” DPS General Manager Joel Cruz said.

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