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Couturiers reveal RTW outfits for Rustan’s pop-up concept


RUSTAN’S has always been known for bringing in top-shelf luxury goods to the country. While we all have an agreed standard on what luxury is, luxury can also be found in the clothes of local designers that try to condense in fabric all the influences that make us who we are.
Rustan’s tapped five designers — Mark Bumgarner, Mich Araullo, Rosanna Ocampo, Happy Andrada, and Patty Ang — for a pop-up concept called Rustan’s Circle. The pop-up in Rustan’s Makati features collections by the designers exclusively for Rustan’s.
Mr. Bumgarner took his inspiration from 1960s-inspired TV show Mad Men for a sophisticated day look, while Ms. Araullo takes a more laidback stance with a touch of luxury and clean femininity, incorporating bows, cinched waists, and linen. Ms. Ocampo, meanwhile, looks to riotous nature for her collection, while Ms. Andrada was inspired by the kaleidoscope, as well as experimental prints such as a printed aerial view of Manila. Ms. Ang, meanwhile, took inspiration from her travels, resulting in a collection with a touch of the cosmopolitan.
Rustan’s old-school brands such as U and Lady Rustan are being quietly revived by new designers. Rustan’s Circle is no different from this thrust in creating a stronger homegrown base for the retailer. Said Dina Tantoco, Marketing and Communications Head for Rustan’s, “It’s all targetting a certain customer. You could say younger.”
The pop-up also serves as a format for the designers to present ready-to-wear clothing, because most of these designers are better known for their red carpet looks. “The main objective for this was to tap their clientele. A lot of these customers don’t know that they have all these new lines, new designs for the younger market,” said Larissa Vistan, Division manager for Ladies’ Fashion at Rustan’s.
Ms. Tantoco said, “I think this is just the beginning. We want to expand this, and create a community where… designers have a place to showcase their ready-to-wear [collections].”
In the earlier days of Rustan’s, while co-founder Gliceria Tantoco negotiated with fashion giants, she also took the time to promote local designers by giving them room in her stores. “It’s certainly carrying on that DNA,” said Ms. Tantoco. — Joseph L. Garcia

Anchor Land seeks to boost recurring revenues

By Arra B. Francia, Reporter
ANCHOR LAND Holdings, Inc. is bent on growing its recurring revenue base as it targets to have the segment contribute to a fifth of its revenues by 2021, a top official said.
“We are trying to have at least 20% contribution coming from recurring (revenues) by 2021. (This will be achieved) from our existing commercial development and office development and bed spacing, hotels contribution, so we are targeting to have it to reach 20%,” Anchor Land Chief Executive Officer Steve Li told reporters after the company’s annual shareholders’ meeting last week.
Mr. Li said residential projects currently contribute 90% of its total revenues, while commercial projects account for the remaining 10%.
The upscale property developer has various projects in the pipeline to achieve its targets.
For the hotel and resorts segment, Anchor Land is undertaking the redevelopment of the Admiral Hotel along Roxas Boulevard in Pasay City. The hotel is envisioned to meet the shortage in luxury accommodations in both the Entertainment City and Pasay areas, and will be the company’s flagship project in the hotel and resorts category.
The Baylife Venue — Anchor Land’s first tourism and leisure project in the Bay Area, is being positioned to become the largest Chinese seafood restaurant in terms of seating capacity and product offering in the country.
The company is also constructing the two-tower Anchor Land Corporate Center at the Bay City. The LEED-certified building is set to cater to the growing number of business process outsourcing companies in the Bay Area.
Anchor Land is likewise joining the roster of firms that are developing bed space leasing facilities through Cosmo Suites in Pasay City. The project will house around 800 rooms, which are sized at about 21 square meters each. Cosmo Suites is expected to be completed after three years.
“The project is designed to provide for the needs of transients and call center workers from the Entertainment City enclave and nearby areas along Manila Bay. This co-living facility offers a new lifestyle by upgrading the standard living of its residents,” Anchor Land President Digna Elizabeth Ventura said during the stockholders’ meeting.
Outside the Bay Area where Anchor Land’s market is mostly Chinese buyers, the company is also looking to construct a Boracay Hotel and Resort development. Mr. Li said Anchor Land has a 2.6-hectare property in the area, with planning already underway.
Anchor Land will further be developing a hotel and resort in Coron, Palawan. The hotel and resort complex will cater to the demand for luxury accommodation in the popular tourist destination.
Mr. Li said the company will continue to focus on the luxury market moving forward, given the strong demand for properties in the segment.
“There’s a huge demand for the luxury market but you just need to come up with the right product for them… (Investors) are getting more and more sophisticated, they really try to look for value for investment especially the leasing market,” Mr. Li said.
Anchor Land’s net income attributable to the parent dipped 25% to P103 million in the first quarter of 2018, amid a 6% increase in revenues to P1.24 billion.

Boys can be girls: what we learned from Paris


PARIS — As Paris men’s fashion week ended last week, we looked at four things we learned from a packed and at times emotional six days:
1. MEN DON’T HAVE TO BE MEN
The pressure is off, boys. Dress like you did when you were a kid raiding your mother’s wardrobe. That seems to be the big message from a fashion week where the gender lines have never been more blurred.
We have had men in dresses aplenty before on the Paris catwalk but never has the male wardrobe itself been so comprehensively feminised. Blur’s “Girls & Boys” could have been the soundtrack for a week where genderless meant men borrowing all the best bits from the girls to sex up suits, shirts and trousers.
Margiela’s John Galliano said the time had come to “liberate” men from their sartorial shackles. For him that meant silks and satins, daring to be “louche” by going shirtless under a suit, and, most of all, wearing clothes cut on the bias — the technique he has used for years to make his clothes for women so fluid and sensual.
“Gender doesn’t matter any more — it’s 2018,” Kim Jones told AFP before his triumphant debut at Dior Homme where he showed a transparent organza and tulle shirt embroidered with tiny, delicate white feathers.
Flowers and floral toile de Jouy blossomed out of a long run of other pieces, “but it is still menswear,” he insisted.
Loewe used not a little humor to herald fashion’s rebirthing of man, opening its presentation with a naked young man sitting on a chair sauvely fingering his trumpet.
2. PINK POWER
Naturally in such circumstances, pink — once the “boy’s color” before it was supplanted by butch blue in the 1940s — was in full blush. From Dior’s pale pink double breasted suits and trench coats to Thom Browne’s Vichy check and bubblegum pink lobstar coats and the old rose of timeless Hermes, the color threw its puff powder hue everywhere.
Vuitton’s Jones said it was time to bury the old wussy prejudices. “In LA kids in the street wear pink all the time. So it’s not, ‘Oh it’s pink, I won’t wear it’, anymore,” he added.
Fellow Briton Paul Smith agreed, sending out borderline violet DB jackets Sunday, while Lanvin also flirted with floral and silky pinks.
Purist, restrained Valentino even used it for its logo while Raf Simons celebrated its gender-bending New Romantic glamor in fuschia satin coats and scarves.
3. EVEN RAPPERS CAN CRY
“Witnessed black history” Rihanna told her 63.5 million Instagram followers after watching Virgil Abloh make his debut at Louis Vuitton, a black man at last at the head of the world’s biggest luxury brand. “Proud of you bro,” she added under a picture of the pair hugging.
But she could equally have been talking about the long, lingering embrace and the tears Abloh and his friend and mentor Kanye West shed after his show in the Palais Royal.
More than the clothes, their celebrity psychodrama defined fashion week on social media.
The rapper had always wanted to design for a big Paris fashion house but it was Abloh his protege who got there first. Cue wounded pride and a long hurt silence from the Ye. The sight of them moving on so dramatically — and so publicly — had many a lip trembling. It also brought West’s wife Kim Kardashian back to Paris, reportedly from the first time since she was tied up and robbed in 2016.
4. STREET BECOMES BOULEVARD
The star power of Paris shows used to be judged by the number of Hollywood stars on the front row. With streetwear now a fixture of almost every collection, it’s rappers that labels are now vying to court.
Apart from Kanye West — who has his own Yeezy line of clothes and Adidas trainers — Kid Cudi, Playboi Carti, and Steve Lacy were spotted rubbing shoulders at shows. ASAP Rocky appeared to be ever present, checking out and modelling Dior, Vuitton, Raf Simons and Rick Owens, whose whole show turned on another rapper, Tommy Cash.
Its soundtrack was an instrumental version of the wacky post-Soviet Estonian star’s hit “Pussy Money Weed,” and Cash walked the runaway as a model in one of Owens’ key looks. — AFP

The swallows of Lalique


THE MAGIC of glass is how the material combines both fantasy and reality. While it’s clarity suggests an ethereality, held in the hand, it’s remarkably clear that it is real and of this world. René Lalique, founder of crystal and glassworks Lalique, was hailed as a sculptor of light (instead of glass) for how he seemed to capture life in a way that was better than what was real, in a material that once defied logic.
For its 130th anniversary, Lalique introduces a collection called Hirondelles (French for swallow, as in the bird).
Why this specific bird should be so important was pointed out by Daniel Ong, Lalique Regional Director for Southeast Asia and Oceania, who pointed at his lapel pin. Four swallows converged in a sort of compass, and it served as the company’s logo.
This comes from Lalique’s emphasis on nature, for the company first achieved prominence because of the Art Nouveau movement, a style that flourished in the early 1900s that presented a more stylized take on nature, where nature wasn’t what it was, but what we wanted it to be.
Meanwhile, the company had passed hands several times: René’s granddaughter Marie-Claude sold the glassworks to a holding company, and then afterwards sold to Swiss company Art&Fragrance, which has since then been renamed the Lalique Group, this according to Mr. Ong. He also said that the present owner had been enamored by Lalique, owning over 700 pieces — mostly of its perfume bottles — prior to the purchase of the company.
The Hirondelles collection features vases, bowls, plates, a clock, a decanter in white, blue, or gold, and most feature the satin finish of Lalique. What sets this collection apart is a series of sculpted birds that can be stuck to a wall via a magnet (retailing at over P50,000 each).
Of each item, there will only be two available in the Philippines, one in Rustan’s Makati and another in Rustan’s Cebu, and those not quick enough to catch a bird will have to order through the store. — JLG

Capital raised via stock market hits P150 billion in first half

CAPITAL raised at the stock market reached a record P150 billion in the first half, as companies braved the local market amid prevailing volatility.
In a statement issued over the weekend, the Philippine Stock Exchange (PSE) said capital raised jumped 40.5% to P150.01 billion during the first six months of the year, from the P106.74 billion recorded in the same period a year ago. This represents 75% of the PSE’s P200-billion target for the year.
“The Exchange is pleased to be a conduit in the growth of listed companies by serving as a venue for capital raising… Market volatilities did not hamper the expansion plans of our listed companies. This is an indicator that they are set on completing their business initiatives amidst a robust domestic economy,” said PSE President and Chief Executive Officer Ramon S. Monzon said in a statement.
The funds raised came mainly from stock rights offerings, including P758.3 million from Yuchengco-led PetroEnergy Resources Corp., P20 billion from Robinsons Land Corp., P5 billion from Ayala-led Integrated Micro-electronics, Inc., P2.898 billion from The Philippine Stock Exchange, Inc., P60 billion from Metropolitan Bank and Trust Co., and P50 billion from the Bank of the Philippine Islands.
During the first half, the PSE also saw the initial listing of property developer and construction frim D.M. Wenceslao, Inc., where it raised P8.15 billion.
Private placements from IRC Properties, Inc., China Banking Corp., Basic Energy Corp., and Golden Bria Holdings, Inc. accounted for the balance of the funds raised.
The PSE expects more fund-raising activities in the second half of the year. Included in the pipeline are the follow-on offerings of DoubleDragon Properties Corp. worth up to P4.5 billion scheduled for July 13, and that of Global Ferronickel Holdings, Inc. worth P517.5 million set for July 20.
Rizal Commercial Banking Corp. will likewise conduct a P15-billion stock rights offering by Aug. 3.
Meanwhile, canned fruit manufacturer Del Monte Philippines, Inc. has yet to announce whether it will push through with its planned P17.55-billion share sale, which it canceled due to market volatility.
The PSE index is currently in bear market territory, after having dropped more than 20% from its recent high of 9,078 last January. The local index managed to bounce back 1.8% to 7,193.68 last Friday, albeit still 20.8% lower than the record high for the year.
“While the stock market has experienced a sharp decline from its all-time high early this year, we expect the country’s sound economic fundamentals to continue to encourage listed companies and potential issuers to raise capital through the equities market and to attract investors to participate in the offerings,” Mr. Monzon said. — Arra B. Francia

Agriculture trade deficit widens further in Q1

By Jochebed B. Gonzales, Senior Researcher
THE TRADE DEFICIT in agricultural commodities further expanded in the first quarter of 2018 as agriculture exports fell sharply while imports grew.
Data from the Philippine Statistics Authority released Friday showed outbound shipments of agricultural goods worth $1.165 billion in the first three months of 2018, down 26.2% year on year. The first quarter slump in exports was a reversal from the 21.3% growth logged in the same period last year.
Meanwhile, imports of farm products rose 4.2% to $2.994 billion.
As a result, the agriculture trade deficit widened to $1.829 billion from $1.295 billion in the first quarter of 2017.
Agriculture accounted for 10% or $4.159 billion of total trade, which was $41.607 billion in the first quarter.
The Philippines incurred its biggest agriculture trade deficit with the Association of Southeast Asian Nations (ASEAN) at $877.25 million, followed by the United States ($362.01 million), Australia ($167.94 million), and the European Union (EU, $10.13 million).
On the other hand, trade in farm goods with Japan was in surplus by $122.78 million.
Among the countries in ASEAN, Thailand was the Philippines’ top export destination with $31 million in receipts. Indonesia, on the other hand, was the lead source of agricultural imports at $298 million.
The Netherlands was Philippines’ top trading partner among members of the EU, with agricultural exports amounting $120 million and agricultural imports at $65 million.
Top agricultural exports during the period were animal or vegetable fats and oils at $310.18 million or 26.62% of the total goods shipped.
Other top farm goods exports include edible fruits and nuts ($270.58 million); preparations of vegetables, fruit, nuts or other parts of plants ($115.53 million); preparations of meat, of fish, or of crustaceans ($106.05 million); fish and crustaceans ($95.60 million); tobacco and manufactured tobacco substitutes ($83.99 million),
The country’s top farm import, meanwhile, was cereals ($568.76 million), followed by residues and waste from the food industries ($382.59 million); miscellaneous edible preparations ($325.55 million); animal or vegetable fats and oils ($269.11 million); and meat and edible meat offal ($261.41 million).

adidas fetes newly minted NBA MVP Harden with limited edition releases

FOLLOWING his naming as the National Basketball Association most valuable player for the 2017-18 season, adidas Basketball has released special editions of star guard James Harden’s shoes.
Leading the Houston Rockets to the Western Conference Finals in the just-concluded season while posting solid all-around numbers of 28.6 points, 8.5 assists, 5.2 rebounds and 2.2 steals, Mr. Harden had a record-setting time, which adidas wants to highlight in unveiling the special edition Harden MVP Collection.
Featuring the Harden Vol. 2, Harden LS 2, and Harden B/E (Brothers Through Everything) X models, these three new stars in the Harden collection recognize his path to MVP and are available for limited release.
The MVP Collection features a blue and gold color palette inspired by the seal of the City of Compton, where James grew up, with MVP callouts to honor No. 13’s “Imma Be A Star” story.
The collection story begins with the family and friends who supported Mr. Harden through it all and are represented by the Harden B/E X. The latest iteration of Mr. Harden’s performance line sits atop full-length Bounce cushioning and is designed with black, blue, and gold details.
The lifestyle evolution of the Harden collection, Harden LS 2, is a personal favorite of Mr. James’ mother Monja, who has known his star-potential from the start.
Harden Vol. 2 is the signature model of Mr. Harden’s collection which he wore on-court throughout his MVP season. Its unique build was constructed to elevate his deceptive footwork and amplify his ability to create space.
Harden Vol. 2 (P8,000), Harden LS 2 (P9,000) and Harden B/E X (P5,500) are available in limited quantities in adidas Trinoma, adidas BGC, and Titan. — Michael Angelo S. Murillo

PAL to mount additional domestic routes from Clark

PHILIPPINE Airlines is hoping to shift flights to Clark to help decongest the Ninoy Aquino International Airport (NAIA). — AFP

PHILIPPINE Airlines (PAL) is set to add domestic routes from its hub at the Clark International Airport this year, starting with the launch of Clark-Siargao flights on Saturday.
In a statement, the flag carrier said it will start flying from Clark to Siargao, Mindoro, Palawan and Isabela.
“Four new domestic points — Siargao, San Vicente (Palawan), Cauayan (Isabela) and San Jose (Mindoro) — will be added to PAL’s hub at Clark International Airport in Pampanga, cementing the airport’s status as Central Luzon’s aviation center,” it said.
The Clark-Siargao route opened on July 1 and will fly every day using the Bombardier Next-Generation Q400 turboprop aircraft. Siargao has become a popular tourist destination for local and foreign tourists, especially after the closure of Boracay island.
The routes from Clark to San Vicente in Palawan, Cauayan in Isabela and San Jose in Mindoro will open on Oct. 28. It will have twice daily flights to San Vicente, six times weekly to Cauayan and eight times weekly to San Jose.
The aircraft to be used for the three destinations is the Q400, which offers 80 Economy Class seats and six Economy Plus seats.
PAL said it currently has seven Q400NGs after having received two Q400NGs in the past two months. It added, the company is expecting five more Q400NGs to be delivered until next year.
“PAL’s build-up of operations at Clark, as well as in Cebu and Davao, aims to significantly enhance travel convenience and connectivity for domestic travelers, while helping decongest Manila’s Ninoy Aquino International Airport,” the carrier said in the statement.
With the new routes in PAL’s Clark hub, the airline has now increased its total destinations from the Clark International Airport to 19, including flights to Seoul, Busuanga, Caticlan, Puerto Princesa and Virac.
The operator of PAL, PAL Holdings, Inc., posted a higher net loss in the first quarter at P1.1 billion due to an increase in fuel spending. But PAL President Jaime J. Bautista said last month the company is expecting a “modest” profit by the end of the year as it applies for a higher fuel surcharge from the Civil Aeronautics Board (CAB).
PAL’s application for fuel surcharge is scheduled for hearing by the CAB on July 10. — Denise A. Valdez

Sweden’s AAK seeking sustainability in coco oil supply

SWEDEN’s AarhusKarlshamn (AAK) said it plans to work with coconut farmers to guarantee quality and supply for its fats and oils facility in Batangas.
AAK Philippines President Michael Skriver said that the company hopes to improve the sustainability of coconut oil production in the Philippines.
“Instead of paying at the harbor for a high price, we go back to those who actually do the work and pay them the same price,” he added.
In exchange, the farmers will undertake to increase the quality of their harvest and continue to collaborate with AAK.
“We don’t do this to be philanthropic. We do this for business. The best way to develop anything is for business to have a steady income.”
AAK blends oil and fats to produce “high-value” ingredients for food and personal care products.
“We don’t own any plantations anywhere and we don’t plan to but we work a lot on those with those who have plantations,” Mr. Skriver said.
In Africa, the company built buying stations to reach out to suppliers.
Mr. Skriver added that AAK also organized these women in groups of 10 to function as small companies and helped these groups set up bank accounts.
“If you go around looking at sustainability and traceability, the case is we have been leading in terms of sourcing. We have been doing this but we aren’t the only ones who are supposed to do it. So we will be educating them,” Mr. Skriver said.
“We want to teach them how to do it faster, how to have the right machinery and observe sanitary practices because food safety is important.”
He said younger consumers between 15 to 35 are becoming more socially conscious when it comes to buying goods.
“They check where you buy your raw materials, and if it is sustainable,” he said. “Younger consumers are also much more eager to know what is going on and they also want to see if companies support the community,” Mr. Skriver said.
“We will buy more if we can ensure the product is traceable, organic, certified. That’s the trend, that’s where we’re going.”
AAK broke ground last week on a 3,000 square meter (sq.m.) site in Batangas.
The plant is expected to be operational by early next year.
A second and larger facility is expected to take up some 5,000 sq.m. and will be built later.
While the first plant’s output will serve the domestic market initially, the eventual plan is to export.
“The factories will need a lot of coconut [oil]. In US, in Europe, they will need coconut [oil. The big one in China, they also need coconut [oil],” Mr. Skriver said.
“If we can make sure that it’s consistent high quality, competitive in price and we know the supply chain, and it’s been done right and food safety’s high, of course we want to buy it,” he added. — Anna Gabriela A. Mogato

Demand for T-bills, bonds to ease

By Karl Angelo N. Vidal, Reporter
YIELDS ON government securities on offer this week will likely move sideways on weak demand as the market waits for the release of inflation data expected to show a further acceleration in price increases.
The Bureau of the Treasury (BTr) is offering P15 billion worth of Treasury bills (T-bill) today. Broken down, the government plans to raise P4 billion and P5 billion through the three-and six-month papers, respectively, and another P6 billion in one-year T-bills.
The government will also offer P10 billion in reissued 10-year Treasury bonds (T-bond) with a remaining life of nine years and eight months on Tuesday.
In an interview, a trader said rates on the T-bills on auction today are expected to “move sideways from the previous auction.”
Last Monday, the Treasury decided on a partial award of the P15-billion T-bills it offered, borrowing only P11.9 billion despite the P20.3 billion tendered by investors. Rates climbed across the tenors as the 91-, 182- and 364-day papers fetched yields of 3.484%, 3.873% and 4.429%, respectively.
Meanwhile, two traders said the 10-year bond auction on Tuesday could fetch higher yields, with the rate expected to land between 6.4% and 6.6%.
In May, the government borrowed just P4.1 billion via the reissued 10-year bonds out of the P10-billion program. That auction was met with demand amounting to P13.4 billion, with the average yield on the papers standing at 6.35%.
At the secondary market on Friday, the three- and six-month papers were quoted at 3.9071% and 3.8453%, respectively, while the one-year papers were at 4.4742%.
The 10-year bonds, meanwhile, fetched 6.4217% at the market’s close.
“[There might be] less demand as investors would rather wait for [inflation] data before considering longer tenors,” the second bond trader said in a mobile text message on Friday.
A BusinessWorld poll among 12 economists yielded a median inflation forecast of 4.7% for the month of June. If realized, the inflation print will accelerate from May’s 4.6% figure to a fresh five-year high.
The 4.7% consensus falls in the middle of the Bangko Sentral ng Pilipinas’ 4.3-5.1% estimate given last Friday.
Analysts said inflation will accelerate a tad versus the previous month due to higher food and oil prices, although this was offset by easing electricity rates.
“Inflation expectation will affect the pricing, although the auctions will happen before the announcement,” the first trader said.
The trader added that eligible dealers will also price in their expectations of another rate hike from the local and US central banks, as well as the continued depreciation of the peso against the dollar.
The Treasury is set to borrow P300 billion from the domestic market this quarter through auctions of securities, offering P195 billion in T-bills and another P105 billion in T-bonds.
The borrowing plan in the July-September period is lower than the P325 billion the government offered last quarter, although higher than the P195 billion it intended to borrow in the same quarter last year.
Aside from this, plans for another dollar bond float as well as yen-denominated “samurai” papers are also being finalized.
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.

Saudi woman designs abayas for freer lifestyles

JEDDAH, SAUDI ARABIA — When Saudi Arabia’s ban on women driving ended last week, fashion designer Eman Joharjy and her friends drove to Jeddah’s seafront where they exchanged their car for bicycles.
The colorful, embroidered jumpsuit abayas they donned stood out among the sea of women wearing similar loose-fitting full-length robes but in the traditional black. Yet no one stopped them.
Women in this deeply conservative Muslim kingdom are rapidly gaining more freedoms under a reform agenda spearheaded by young Crown Prince Mohammed bin Salman, who wants to transform the economy of the world’s top oil exporter and open up its cloistered society.
The government recently allowed women to join the security forces and no longer requires them to have a male relative’s consent to open a business. And while now they can drive, they still need permission to get married and travel abroad.
Prince Mohammed laid the ground two years for many social changes, including the return of cinemas and public concerts, two years ago by curbing the powers of the religious police, who used to stop women on the streets and tell them to cover up.
These days at sunset, as the Arabian heat eases, women do sports along the promenade.
“Women feel encouraged by the government support. They are telling them, ‘You can go run and play sports’,” said Joharjy. “But let’s change from a sedentary society to a more active one.”
In 2007, frustrated by a lack of abayas made for running or cycling, Joharjy designed one for herself. She began making them for friends and selling what she dubbed the “sporty abaya.”
Colourful racks display designs for different activities like the driving abaya, which features a hoodie, tight elbows to prevent the sleeves from catching on the steering wheel, and shorter lengths to make switching pedals easier.
Most importantly for Joharjy, there is no trace of black.
“They reflect freedom and the willingness to embrace life and make it easy for the modern woman,” she said. “Besides, women love color.”
She is optimistic that Saudi Arabia’s strict social rules will ease further. But she still believes that many women will continue to wear the abaya in one form or another.
For her, the robe is like the Indian sari, a symbol of cultural heritage rather than religion.
“It is protection,” she said. “It protects us from the sun and naughty guys.” — Reuters

Micab gets P3-M research grant from DoST

By Denise A. Valdez
RIDE-HAILING company Micab Systems Corp. has received a P3-million research grant from the Department of Science and Technology (DoST) to develop a ridership engine that would be integrated in its mobile app.
Micab Chief Executive Officer Eddie F. Ybañez told BusinessWorld in a recent interview their research proposal was chosen to receive a startup grant from the DoST-Philippine Council for Industry, Energy, and Emerging Technology Research and Development (DoST-PCIEERD).
“Until May next year we need to deliver the ridership engine, the real time traffic engine. So yan yung ginagawa namin [So that’s what we’re doing],” he said.
Noel T. Hingco of DoST-PCIEERD’s Technology Transfer Division said in an e-mail on Wednesday that Micab’s proposal was one of those approved under the fields of ICT, Transportation, Artificial Intelligence, Electronics and Semiconductors.
“By the end of the project, it is expected that Micab has developed an enhanced system that can already predict passenger ridership patterns based on time and location, and analyze real time traffic data and patterns,” he said.
Mr. Hingco said they will negotiate a profit share with Micab, “depending on the developments of the project.”
He noted the P3-million grant should fund the product improvement, market testing, data gathering, business model refinement, and Intellectual Property (IP) application.
Mr. Ybañez explained the project will use data they’re receiving through the Micab app to create an “analytics engine” that would help passengers and drivers plan their trips.
“For example, you’re a passenger, and based sa traffic data namin, based sa booking data namin, we will advise you ano yung okay na time to get a cab or to move. Para ma-plan mo around [If you’re a passenger, using our traffic and booking data, we will advise you when’s the best time to get a cab so you may plan around that time],” he said.
The Micab official noted drivers can also benefit since they will be able to identify which areas have high demand at a certain time of the day.
For the business, Mr. Ybañez said the ridership engine will help them save money, since they are currently using Google Maps which costs millions to license.
“If we have that, then we’re not dependent on Google already. We’ll have our own,” he said.

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