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Top 10 trends at NY Fashion Week

NEW YORK — New York Fashion Week wrapped Wednesday with more departures in the offing, a striking taste for demure hemlines and empowerment dressing for women in a post Harvey Weinstein, MeToo world.

As the global style bandwagon shifts to Europe, with London Fashion Week kicking off on Thursday before moving onto Milan and Paris, here are 10 top trends New York offered this season:

1. AU REVOIR
New York has suffered from a brain drain for several seasons and there were more goodbyes this week.

Carolina Herrera, 79, gave her final bow as creative director of her four-decade-old eponymous label.

Canadian whizz kid Jason Wu is leaving Hugo Boss to concentrate on his own collection. Victoria Beckham and Jenny Packham are both relocating to London next season to celebrate their 10th and 30th anniversaries.

2. BACK TO BLACK
A staple through the ages, black is definitely back — especially for evening in an awards season where the color has been appropriated on the red carpet to protest against sexual harassment in the workplace.

For black dresses, black pants and black jackets look no further than Michael Kors, Tom Ford, Tadashi Shoji or Christian Siriano.

3. EMPOWER ME TOO
Alexander Wang presented power dressing for the working woman, unveiled in a cubicle-style bland office backdrop for the sexual harassment watershed since the downfall of movie mogul Weinstein.

Prabal Gurung cemented his reputation as the thinking woman’s designer with a collection inspired by women-dominated groups like India’s Gulabi Gang and the Mosuo tribe of China.

Diane von Furstenberg told journalists at her label’s presentation: “I am personally more committed than ever to the empowerment of women.”

Eight models took part in a #MeToo show, narrating their stories of harassment from the runway in order to raise awareness.

4. SUITS YOU
There were more sartorial nods to the mood of the time: Tom Ford’s woman was all cat-suited superwoman in leggings and pant suits, with barely a skirt in sight and “Pussy Power” purses.

Ralph Lauren sent out a white pant suit, an attire that has been favored by Hillary Clinton and women at the Grammy’s, even Melania Trump, although the jury’s out on why.

There were leggings from Philipp Plein and boxy 1980s yuppy-style suiting from Marc Jacobs.

5. MODESTY’S A VIRTUE
The high-end fashion customer spans all markets and sensibilities. The vast majority of Calvin Klein’s nuclear winter style collection, with long skirts, necks and hair covered, bodies sheathed in baggy clothes could have been worn by religiously observant Muslim or Jewish women.

Jenny Packham unveiled capes to accessorize strappy dresses. Ralph Lauren’s colorful cocktail dresses were high necked with sleeves.

“An awful lot of women that buy our dresses struggle, they don’t like the top of their arms showing,” Packham told AFP. “You can have a bit more fun with that because it’s an accessory.”

6. HEAR ME ROAR
Animal print was everywhere. From Tom Ford’s loud jaguar print pant suits, to luxury Italian label Bottega Veneta, to up-and-coming diversity champion Christian Siriano and even Victoria Beckham.

7. WOMAN FOR ALL SEASONS
The runway customer is wealthy, jet set and increasingly may not even live in New York, or Paris or anywhere else chilly in the winter.

So it was layers all the way as at Tory Burch and Victoria Beckham, perfect for their loyal customers in the Far East. Bottega Veneta offered shorts for fall.

8. BELT UP
There was a new focus on belts, such as at Adam Selman. Marc Jacobs cinched his waist with extravagant leather sashes. Belts were the star of the farewell parade in tribute to Carolina Herrera’s signature look.

9. DREAMER
It is a word much in collective US discourse to denote children brought to the US by their parents now threatened with deportation unless Congress can reach a last-minute deal.

Colombian-born Esteban Cortazar, who returned to New York after 12 years in Paris and whose clothes have been worn by Melania Trump, voluntarily defined himself as a “Dreamer” in America.

Dream was one of 50 words selected by Raf Simons at Calvin Klein to sum up America. Coach also released for sale a Dreamer satchel.

10. OUTER SPACE
Once is fun, twice a coincidence, and three times a trend. Philipp Plein transported his guests to a snowy-space scape complete with space ship, transformer style robot and copious amounts of silver.

Jenny Packham’s moon and star beaded dresses were inspired by the cosmos.

Calvin Klein indulged in silver too and called the 1960s space race one of the inspirations for his America-with-a-dark-underbelly show. — AFP

Home and away format

The average of teams winning on the road has been greater over squads picking up a win at home in the MPBL-Anta Rajah Cup.

In fact, in the league’s last four play dates, all visiting teams were able to conquer their opponents, giving the away teams the winning advantage of six-to-four over the home squads.

If you think home court would be an advantage to any squad, probably not here in this fledgling league as visiting teams were able to show nerves of steel in overcoming the pressure against their rivals cheered on by their rabid fans.

Navotas, which won its first two games, lost its last two matches in tightly fought matches, including the latest one at home, against the still undefeated Batangas City.

The Tanduay-backed Batangas City Athletics were able to show their composure against a crack Navotas Clutch-Big J Sports in a nip-and-tuck encounter to join the Quezon City Capitals-Royal Manila in a share of the lead with identical 4-0 win-loss slates.

Prior to Navotas’ loss, the Parañaque Patriots also dropped a 64-54 setback at the hands of the Capitals at their home court — the Olivarez Coliseum in Sucat. The Gary David-led Bataan Defenders-BaiShipping played in front of their fans for the first time at the People’s Center in Balanga but lost a tough one against the Caloocan Supremos-Longrich and the Imus Bandera-GLC Truck and Equipment lost to the Athletics.

So there’s really no guarantee of an advantage in the home and away format, a strong warning to teams hosting the visiting squads that they need to play tougher and be more prepared when playing at home.

Six of the 10 teams won were visitors and the advantage the home teams hoping to get from their sixth men wasn’t much of a factor.

But while teams playing in their own turf are not assured of winning a game, the format is certainly a sure win to all the fans in different parts of the cities, towns and provinces as the MPBL’s direction of bringing the games to the fans were certified hits.

Fans have packed the venues everywhere the league goes. The vision of bringing the games closer to them was warmly embraced by the basketball-loving public while helping the young league create a buzz a month after it was unveiled.

There’s nothing greater than cheering for your hometown when you see players carrying your city, town or province in their chests — and with pride, fans came in doves to support the team that they could call their own.

This is the MPBL, and they’ve only just begun.

 

Rey Joble has been covering the PBA games formore than a decade. He is a member of the PBA Press Corps and Philippine Sportswriters Association.

reyjoble09@gmail.com

WhatsApp to launch money transfer service

MUMBAI — WhatsApp will launch a “full feature” inter-bank money transfer service in India, its biggest market, after a test involving a million users, National Payments Corp. of India said.

Friday’s statement marks the de facto official launch of WhatsApp’s new service as NPCI is the body set up by the central bank and lenders to oversee payment services.

WhatsApp launched a limited service in India, where it has more than 200 million users, last week. This uses customers’ phone numbers linked to bank accounts to facilitate payments and marks the first global foray into money transfers by the Facebook-owned  firm.

Four banks will join United Payments Interface (UPI) — which powers the payments service — for WhatsApp, NPCI said. At present, India’s third-biggest lender ICICI Bank processes the fund transfers on WhatsApp, the application shows.

WhatsApp’s popularity in India is likely to pose a threat to established players, but it is entering a competitive market after Alphabet, Inc.’s Google launched a payments app last year to compete with local players.

The country’s cashless economy got a boost after Prime Minister Narendra Modi banned old high-value currency notes in late 2016, leading to a surge in online payment providers such as homegrown player Paytm, the biggest in India.

Paytm, which is backed by Alibaba and SoftBank expressed concerns about the security of WhatsApp’s new payments service in a statement released on Friday. — Reuters

Iloilo defers cacao, coffee planting project

THE Iloilo provincial government’s P10-million cacao and coffee planting project, scheduled for launch by the end of February, might be moved to a later date due to projections of dry weather.

Provincial Agriculture Office head Ildefonso T. Toledo said the delivery of the planting materials is almost complete, with the winning bidder coming from Batangas.

“These are grafted and ready for planting. After three years, they can yield fruit,” he said.

Mr. Toledo said more than 9,000 cacao and 8,800 coffee seedlings were scheduled to be distributed to farmers this week, but a review of the weather forecast has been ordered by Governor Arthur D. Defensor, Sr.

Mr. Defensor told agriculture officials: “You should check the projection of PAGASA (Philippine Atmospheric, Geophysical and Astronomical Services Administration) in case summer is extended.”

The governor has also recommended delaying the ceremonial planting and launch in a five-hectare area in Calinog town set for Feb. 28.

“If you distribute them now, the farmers might plant them immediately so the mortality rate will be high. Let us delay it and start planting sometime in May where the survival rate is high,” Mr. Defensor said.

The Iloilo provincial government is positioning the province as a major high-value product grower and supplier as its many upland areas are thought to be suitable for cacao and coffee. — Louine Hope U. Conserva

ICBC gets BSP green light to start PHL operations

By Melissa Luz T. Lopez,
Senior Reporter

A CHINESE BANK has secured regulatory approval to operate in the Philippines, which comes at a time of warmer ties between the two nations.

The Bangko Sentral ng Pilipinas (BSP) has approved the application filed by the Industrial and Commercial Bank of China Ltd. (ICBC) to open a branch in Manila, a source familiar with the matter said.

The approval has not been announced in the Philippines as the Beijing-based lender has yet to make the announcement back home, being a publicly listed company at the Shanghai Stock Exchange and Stock Exchange of Hong Kong Ltd.

ICBC is the biggest lender in China in asset terms.

With the approval, ICBC is the 12th foreign lender to secure the BSP’s nod to start operations in the country, following the passage of a 2014 law allowing more global banks to offer their services here. It is also the first Chinese bank to set up shop in recent years after Bank of China’s entry in 2002.

Republic Act 10641 signed by then-President Benigno S.C. Aquino III lifted the limit that allowed only 10 foreign-owned banks to operate in the country at any given time. Prior to this, a new foreign bank can set up a branch here only if one of the previously accredited foreign lenders pulls out.

Ties between Manila and Beijing grew cozier as President Rodrigo R. Duterte’s call for a “pivot” towards China was taken as a signal for increased trade and investments between the two nations. 

Following Mr. Duterte’s visit to Beijing in October 2016, China has pledged around $7.34 billion in soft loans and grants for the Philippines over the past two years, according to the Department of Finance.

The Duterte administration is counting on these financing agreements to support its ambitious Build, Build, Build infrastructure program which needs some P8.44 trillion until 2022.

A strong middle class market and a young population make the Philippines more attractive for foreign players looking for new clients and for new sources of growth, BSP Deputy Governor Chuchi G. Fonacier previously said.

She added that foreign banks are likely following their corporate clients to sites where they expect increased trade and investment volumes.

Malaysia’s CIMB Bank won the nod of the Monetary Board to operate a full branch here, completing plans of its parent firm CIMB Group Holdings Berhad to expand their footprint in every country within the Association of Southeast Asian Nations.

Five Taiwanese banks have opened branches in the Philippines over the last three years: Cathay United Bank, Yuanta Commercial Bank Co. Ltd., First Commercial Bank, Hua Nan Commercial Bank Ltd., and the Chang Hwa Commercial Bank, Ltd.

The South Korean lenders Industrial Bank of Korea, Shinhan Bank, and Woori Bank also started their businesses here, as well as the Japan-based Sumitomo Mitsui Banking Corp. and the Singapore-based United Overseas Bank Ltd.

Reviving an old tradition for a younger generation

By Joseph L. Garcia
Reporter

Two young women have sifted through space and time to bring back an age-old craft, and so far, everything’s coming up gold.

Danielle Tan and Christine Tiu, both of whom entered college in 2012, found a town in Ilocos that made tambourine jewelry as part of one of Ms. Tiu’s requirements for a sociology program. Unfortunately, according to Ms. Tiu’s research, the local artisans were leaving the town for greener pastures abroad. Thus, the pair set out to create opportunities for the workers through a business venture called Amami.

Tambourine jewelry (sometimes spelled tamborin, or tambourin) melds Filipino pre-Hispanic traditions in jewelry and imbues them with Spanish designs and intentions. Apparently, the colonizers, spotting the attractive granulated and filigree designs used by the locals, used these for rosary beads — not just for their aesthetic value, but also as tools of soft power to spread Christianity within the islands. The venture by Ms. Tan and Ms. Tiu takes its name from “Ama Namin” (Our Father), as one of their more elaborate beads were once intended to mark a new mystery in the rosary.

According to the pair, since tambourine jewelry fell out of fashion many years ago, rising up only to service a niche market or else the costuming industry, some of the craftsmen had lost hope of ever selling their work again. Some would go two years without orders, so they would take up jobs in other professions such as carpentry, or move on to making mainstream fine jewelry. As much as consumers are at the risk of forgetting a local fine jewelry tradition, so are the artisans behind it, leaving behind generations of heritage and tradition — Ms. Tiu notes that some of the artisans they work with come from families that have been doing it for five generations.

On the production side, the two women have worked on streamlining the process. While some tools which have been passed down for generations have been kept, they introduced new tools like weighing scales (Ms. Tiu noted that weighing the gold and silver the old-fashioned way took at least five minutes). They also say that they give fair wages, for the artisans apparently used to sell their wares at a loss — Misses Tiu and Tan sat down with them and worked on estimates and costing. Safety measures have also been introduced in the workshops.

The beads are made by pouring in the metal in molds, all done by hand, while more elaborate pieces are made by twisting the silver into wires, these are then cut and joined together to make shapes like flowers or leaves. Pieces from Amami are made in silver dipped in 24-karat gold. Ms. Tan noted that due to the intricacy of and detailing that goes into the beads, softer metals (like silver) have to be used.

On the consumer side, the women have made smaller pieces in order to make them more accessible to younger buyers. Vintage tambourine pieces can go up to the hundred of thousand pesos, barring most except serious collectors from buying them. The partners decided to make smaller pieces like stud earrings which sell for about P2,000, and rings for P5,000. Bigger pieces like chokers can cost up to P40,000. The designs are also modified to fit with the younger crowd, who might be turned off by wearing something that matches pieces worn by their ancestors.

“The reality is, we have a very impressive jewelry tradition that we just don’t know about,” said Ms. Tiu, noting that the artisans they work with themselves didn’t know the history of their own product, until the partners told them about it. Since then, the artisans have used this as a selling point for other customers. “We just want people to be more aware of what our Filipino craftsmen are capable of.”

“A lot of Filipinos have been migrating; it’s because they think there are no opportunities here. We want to try to make opportunities for them, and help them continue to do what they love doing,” said Ms. Tiu.

This also reflects a trend seen in marketing to younger crowds: the importance of storytelling, and an attachment to heritage. Some analysts are still baffled over the increase in sales of vinyl records and record players, despite music-streaming services being readily available. “We have an appreciation for the old, but it’s always, like, how do you improve it, how do you make it better?” said Ms. Tan.

“When you find out the story, how they make it, they’ll have a renewed appreciation for it.”

The pieces are available online through facebook.com/amami.ph/

PLDT expands ultrafast broadband coverage in 2017

PLDT, Inc. continues to ramp up its fixed broadband connection, with four million homes passed as of end-2017.

In a statement, the telecommunications giant said its “fiber-fast Internet connection” reached four million homes passed nationwide, 43% higher than end-2016.

PLDT also doubled the capacity of its fixed broadband network to over one million ports at the end of 2017. A significant increase in the number of ports or actual broadband lines were seen in Cavite, Pampanga, Bataan, Zambales, Cebu, Pangasinan, Bulacan, Tarlac, Nueva Ecija, and Laguna.

PLDT has been installing fiber-to-the-home (FTTH) facilities and the “fibrization” of its current copper-based network through hybrid technologies used in Germany and South Korea.

The company says that FTTH can provide speeds of up to 1 Gbps (gigabit per second), while hybrid fiber can provide data speeds ranging from 100 Mbps (megabits per second) up to 500 Mbps (for G.fast) over copper lines.

“By 2019, virtually all of PLDT’s 1.2 million copper-based DSL subscribers will enjoy fiber-fast Internet. PLDT will further expand its ultrafast broadband coverage to 6 million homes passed by 2020, reaching more areas of the country,” PLDT Chairman, President and CEO Manuel V. Pangilinan said in a statement. 

PLDT earlier said it will double its fiber and hybrid fiber broadband capacity to over 2.2 million ports, with about 650,000 of the additional ports for fiber and another 550,000 for hybrid fiber broadband.

The telco is targeting to provide fiber-fast Internet to nearly all of its 1.2 million copper-based digital subscriber line (DSL) subscribers by 2019. PLDT eyes to have as much as 10 million homes passed with FTTH within 2021-2025. 

PLDT said its total fiber footprint grew 45% to over 174,000 kilometers (kms.) by end-2017, from about 120,000 kilometers in end-2015. For this year, it will add another 33,000 kms. of fiber cables and raise the total to nearly 210,000 kms. by yearend.

It also targets to increase the total capacity of its international fiber network by 80% to 8.92 Terabytes per second (TBps) by end-2019, of which 8.11 Tbps will terminate in the Philippines, to be boosted by its investment of P7 billion in the new Trans-Pacific undersea cable system called Jupiter.

PLDT, Inc. is set to expand its fixed and mobile networks as part of its five-year P260-billion capital expenditure (capex) program. 

It has earmarked a capex above P50 billion for this year. 

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

Soybean rallies on supply worries amid Argentina drought

TO UNDERSTAND WHY soybean meal is the best-performing commodity so far this year, talk to Ariel Striglio, a 52-year-old farmer in Argentina’s Santa Fe province.

Since January, his fields of soy and corn have received about 3.5 centimeters of rain (1.4 inches). That’s not even a fifth of what’s normal. Temperatures are also higher.

“The heat is unbelievable — we’re using air-conditioning all the time right now, which isn’t the norm,” Striglio said. “I’m looking at soy yield losses of 30%.”

Soybeans are one of the world’s most-common feed crops. The oilseeds are crushed to make high-protein meal that’s sold to livestock producers. The dry conditions gripping the heart of Argentina’s farming region are a key price driver because the country is the no. 1 exporter of meal. For meat producers like Tyson Foods, Inc. and Sanderson Farms, Inc., tighter supplies could end up raising feed costs at a time when Americans are projected to eat more meat than ever before.

The drought has already pushed most-active futures of soy meal up 19% in 2018. That’s the largest gain among the 22 raw materials tracked by the Bloomberg Commodity Index.

The US Department of Agriculture on Feb. 8 cut its outlook for Argentina’s soybean crop to 54 million metric tons from 56 million projected in January. Local estimates are even lower. The Buenos Aires Grain Exchange predicts 50 million, while AgriPac consultancy forecasts 47.2 million. If the last number becomes reality, it would be the smallest harvest since 2012, USDA figures show. The exchange said Feb. 15 that most beans are in poor or very poor condition.

On the Chicago Board of Trade, soy meal for May delivery reached $381.20 per 2,000 pounds on Friday, a record for the futures contract that debuted in December 2015.

Hedge funds are positioning for more gains. Money managers increased their net-long holding by 37% to 70,991 futures and options in the week ended Feb. 13, according to US Commodity Futures Trading Commission data released Friday. That’s the highest in almost a year. The figure measures the difference between bets on a price increase and wagers on a decline.

China’s appetite for soybeans and meal has grown over the last several years as its expanding population adds more meat to the average diet. The country’s robust consumption helps magnify any crop-production losses, even in an era of ample grain stockpiles, according to Matt Connelly, an analyst for Hightower Report in Chicago.

Adding to the supply tightness, growers in Argentina have limited crop sales amid expectations of lower export taxes and a decline for the peso, Heather Jones, an analyst for Vertical Group, said in a report Feb. 12. The nation’s meal exports in December fell to the lowest since 2013. Declines for the local currency favor commodity shipments that are priced in dollars. — Bloomberg

Staples Center welcomes George

Paul George will be playing extremely well at the National Basketball Association All-Star Game today — or at least he’ll want to, and not just because he traces his roots to the host city. He stunk up at joint the Three-Point Shootout yesterday, never mind the obvious leanings of the Staples Center crowd; he couldn’t even reach double figures, his poor output belying his regular-season prowess from beyond the arc and making his calm demeanor look more like indifference. Perhaps he felt the pressure of delivering the goods, especially after fans made no secret of their desire to welcome him off free agency in June.

Thunder teammate Russell Westbrook would have none of the overtures, of course. Media Day had George being feted with cheers from behind the convention hall, prompting the reigning league Most Valuable Player to declare: “That’s out. Paul ain’t going nowhere. It’s over for that.” For the record, the five-time All-Star hasn’t yet made up his mind. “I know what I feel is best,” he said, “but it’s a long way until the end of the season.” Which is to say he won’t commit until he sees where he can best secure his future.

It’s good policy, to be sure. For George, his next stop may well be his last. “I’m not looking to bounce around and play for multiple teams throughout my career,” he disclosed. “The next decision, whatever it is, is to make sure I’m there for a duration.” In other words, he’ll be focusing on the here and now, and only after the dust of his 2017-18 campaign settles will he consider the then and there.

First things first, really, and it’s to erase the embarrassment of his pathetic showing yesterday, one in which even Westbrook couldn’t help but laugh at. And then after hopefully giving a good account of himself for Team LeBron today, he figures to be pumped heading into what he envisions as a deep run in the playoffs. After all, while, in his words, “it feels good to be welcome,” he has the hardware in his mind. And his quest for a championship will, no doubt, influence his career choice.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is the Senior Vice-President and General Manager of Basic Energy Corp.

Rail crunch leaves oil, wheat shipments stranded on Canada’s prairies

A SHORTAGE of rail cars in Canada is leaving grain and oil shipments stranded on the prairies, sending crude prices plummeting and leaving farmers in a cash crunch.

The nation’s biggest railways haven’t been able to deliver enough cars after harsh winter conditions and as a sudden boom in energy production sparked a swell of demand. Some farmers have been waiting for months to deliver wheat and canola to elevators before they can get paid. The squeeze also means that crude supplies are piling up in Alberta, pushing prices to the biggest discount relative to New York futures in more than four years.

The bottleneck mean some Canada’s commodity producers are getting left behind as other nations take advantage of a recent run up in global prices. Benchmark wheat futures in Chicago are up more than 9% since the end of November, while West Texas Intermediate in New York added more than 7%.

“We make these contracts because we have payment obligations at a certain time of the year, so we need that cash at that time of the year, not three, four months later,” said Norm Hall, a vice-president for the Canadian Federation of Agriculture. If farmers have loan payments, they’re “depending on this cash, or maybe it’s a rent payment. They get hit hard,” he said.

Since August, Canadian National Railway Co. has canceled almost 13,000 hopper car orders, and there are 1,072 outstanding orders for rail cars as of Feb. 8, data from the Ag Transport Coalition show. Another 996 orders for hopper cars from Canadian Pacific Railway Ltd. haven’t been filled, according to the group, which represents agriculture associations, including the Alberta Wheat Commission, Canadian Canola Growers Association and Pulse Canada.

Canadian National has been dealing with “challenging operating conditions,” including harsh winter weather, and the railway’s recent volume growth has created “pinch points” on its network, spokeswoman Kate Fenske said in an e-mailed statement. The railway is bringing on additional crews and locomotives as soon as the ground thaws and the company plans to boost capital spending to C$3.2 billion ($2.6 billion) this year to further support network capacity, Fenske said.

Canadian Pacific said it has moved 4% more grain this crop year.

“While we are dealing with some extreme weather currently, we continue to deliver for our customers and supply chain,” Jeremy Berry, a CP spokesman, said in an e-mail.

Earnings for Halliburton Co., the world’s biggest fracker, will be reduced this quarter due to temporary shipping delays of sand, the company said. Canadian National halted all new frack-sand shipments for a week across a wide section of Minnesota and Wisconsin amid winter weather. The region accounts for about a third of Halliburton’s total purchased sand volume, Chief Financial Officer Chris Weber told investors Thursday at the Credit Suisse Energy Summit in Colorado.

The grain backlog for farmers is the worst since 2013, according to the Western Grain Elevator Association.

The shortfall comes amid growing demand from other sectors, including frack sand, said Wade Sobkowich, executive director of the Winnipeg, Manitoba-based Western Grain Elevator Association, which represents the country’s largest grain shippers, including Richardson International Ltd. and Cargill Ltd.

Railways are also struggling to accommodate a surge of oil after several years of slower production growth. The as much as 45% surge in demand to ship crude by rail in the third quarter “caught us a little bit by surprise,” Ghislain Houle, Canadian National Railway’s chief financial officer, said Tuesday at a conference.

The boom in production coupled with the rail delays means that inventories are building up in Alberta, where it’s priced. Canadian heavy oil’s discount to West Texas Intermediate futures widened to $30.60 a barrel last week, the biggest discount since December 2013, data compiled by Bloomberg show. — Bloomberg

How PSEi member stocks performed — February 15, 2018

Here’s a quick glance at how PSEi stocks fared on Thursday, February 15, 2018.

Overseas Filipinos’ cash remittances

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