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Senator: Benham Rise research funded since 2016

SENATOR LOREN B. Legarda in a statement on Tuesday said she had allocated funds for the Philippine Rise (Benham Rise) expedition as early as 2016 and every year thereafter. Ms. Legarda said she did this in her capacity as chairperson of the Senate committee on finance. “In 2016, we already allocated funds for research in the Philippine Rise especially since initial explorations showed 100% coral cover in several sites. In 2017, we allocated P32 million for assessment and baseline activities… and then again for 2018, P60 million was allocated in the DENR (Department of Environment and Natural Resources) budget for the Philippine Rise — P30 million for geologic and offshore mapping under the Mines and Geosciences Bureau (MGB) and P30 million for scientific expedition and management of coastal habitat under the (DENR-Biodiversity Management Bureau),” said the senator. She noted further that the Department of Science and Technology (DoST) already did an exploration, mapping and assessment of deep water areas in the Philippine Rise from 2014-2016 with a total budget of P39.575 million. “We await the consolidated results of these research activities from our government agencies. Based on the initial information we received, the area shows great potential in terms of energy, mineral and other biological marine resources that are vital to harnessing energy and food security in our country, ” Ms. Legarda said.

Phoenix planning to bring FamilyMart to Clark

By Victor V. Saulon, Sub-Editor

PHOENIX PETROLEUM Philippines, Inc. has mapped out plans for its existing and newly acquired businesses, including the expansion of its convenience store chain in Clark, Pampanga, and the construction of a bitumen plant in Calaca, Batangas.

“[Clark] is an area that we are looking at [because] that is a significant part of our portfolio,” Henry Albert R. Fadullon, Phoenix chief operating officer, told reporters on the sidelines of the launch of the company’s upgraded fuels on Monday night.

“We have 177 hectares there and I’m sure when that’s fully built up similar or comparable to BGC (Bonifacio Global City) there will be a lot of opportunities there for Family Mart,” he added.

Phoenix’s parent company Udenna Corp. is developing a 177-hectare property into Clark Global City.

In the near term, Mr. Fadullon said FamilyMart’s expansion would remain “opportunistic” and focused on “key areas” where customers traditionally patronize for convenience. These are Metro Manila’s central business districts, BGC, Makati City’s Legaspi and Salcedo villages, and some areas in Alabang and Quezon City.

“We are going to expand but focused on these key areas,” Mr. Fadullon said. “We will follow where the business is. If the business requires a significant amount of expansion, we will follow.”

However, putting up Family Mart stores in Phoenix service stations is not a priority at this time although the company remains “opportunistic” with its decision to bundle both businesses in one location.

“The priority at the moment is to focus on the areas where we have most of the Family Mart right now, which is in the CBDs because nandoon ang (those are where the) customers that we want to target initially,” he said.

Phoenix, one of the companies put up by Davao City businessman Dennis A. Uy, bought the local franchise of the Japanese convenience store in October last year, although the antitrust watchdog cleared the deal only on Jan. 3, 2018.

BATANGAS PLANT
Around mid-January, the listed company announced its joint venture with Thailand-based asphalt maker Tipco Asphalt Public Co. Ltd. and PhilAsphalt (Dev’t) Corp. to market and distribute bitumen and bitumen-related products in the country.

“We are planning to put up our own plant in Calaca, Batangas together with our joint venture partners,” Mr. Fadullon said.

“Our plan with our partners is to offer a different kind of technology for the road construction industry,” he said. “Bitumen is the base product but I think within the bitumen space there is a lot of opportunity for innovation and I think that is what where we see the opportunity in the Philippines.”

Asked when Phoenix plans to build the plant, he said: “Very soon… Within the year, we would like to have the asphalt business in place.”

Mr. Fadullon noted the new business brings opportunities in the infrastructure sector, including maintenance.

During the launch, Mr. Fadullon talked about Phoenix’s “success story” from its roots in Davao City with a few gasoline stations to its expansion up north that has emboldened the company to challenge the big industry players.

This year, Phoenix continues its expansion in the Luzon market with the placement of an order for 650,000 cylinders of liquefied petroleum gas (LPG). Phoenix previously said that the country’s main island accounts for 80% of the LPG market.

“We are progressing every two weeks, appointing dealers for key areas that we have identified,” he said, identifying these areas as Metro Manila, and Southern and Central Luzon.

Phoenix added LPG into its portfolio when it completed in August 2017 the acquisition of Petronas Energy Philippines, Inc., a company it has since renamed Phoenix LPG Philippines, Inc. The acquisition strategically supports its expansion in operation and product lines.

On Monday, the company launched a fuel additive it calls “Phoenix pulse technology,” which has a cleaning and protection properties for enhanced power and acceleration.

Shares in Phoenix closed 2.62% or 34 centavos lower at P12.66 apiece on Tuesday.

Seven insurers to halt operations

SEVEN INSURANCE companies voluntarily surrendered their licenses to operate after failing to meet the minimum net worth requirement of the Insurance Commission (IC).

In a statement on Tuesday, IC said seven insurers, namely Centennial Guarantee Assurance Corp., CAP Life Insurance Corp., FLT Prime Insurance Corp., Manila Surety and Fidelity Co., Inc., Meridian Assurance Corp., The Solid Guaranty, Inc., and United Insurance Co., Inc. surrendered their licenses to act as insurers.

As a consequence, these companies — six non-life and one life insurance firms — were issued individual servicing licenses for the orderly “run-off” of their businesses.

An insurance company in an orderly run-off is prohibited from writing new insurance product and extending existing contracts. The operations of the insurer are limited to only accepting premium payments from their policyholders, paying cash surrender values of outstanding policies, reviving lapsed policies and other related services.

Insurance Commissioner Dennis B. Funa said the seven insurers turned in their licenses due to their inability to comply with the regulator’s P550-million minimum net worth requirement.

“While their companies are not compliant with the present P550 million net worth requirement, the net worth of these companies are positive, which means that they have sufficient assets to settle their obligations to their policyholders,” Mr. Funa was quoted as saying in the statement.

The commissioner added that the “more or less than 170,000” existing policyholders of the said insurers will not be affected as existing contracts will remain effective, with the firms still bound to honor their financial obligations.

The insurers voluntarily surrendered their licenses mostly because it is no longer viable to sustain business operations, Mr. Funa said, adding that some shareholders of one company had divested their shares.

The IC added that it will closely monitor the insurers to ensure their financial obligations to policyholders are paid and settled as they become due.

Under the amended Insurance Code, the minimum net worth of insurance companies shall increase every three years until 2022.

From the previous P250-million minimum net worth, IC required the insurers to have P550 million net worth effective end-2016. — K.A.N. Vidal

With Smashburger, Jollibee eyes bigger bite of US market

By Arra B. Francia, Reporter

HOMEGROWN food giant Jollibee Foods Corp. (JFC) is taking a bigger bite of the American fastfood market, as it raises its stake in Denver-based chain Smashburger.

In a disclosure to the stock exchange on Tuesday, JFV said its wholly owned unit Bee Good!, Inc. (BGI) is buying 45% of shares in SJBF LLC, the parent of Smashburger Master LLC (Master), for $100 million in cash.

The deal, which is expected to be completed in one to two months, will hike JFC’s stake in the company to 85% from the current 40%.

“With this acquisition of more shares, JFC will have a more significant business in the United States. The US will increase its contribution to our worldwide system wide sales from 5% to 15%. We will be able to participate in the very large mainstream American consumer market in addition to serving Filipino-Americans there,” JFC founder and Chairman Tony Tan Caktiong said in a statement.

The company said the consolidation of Smashburger into JFC will increase the contribution of the international business to its system wide sales to 30% from the current 20%.

“We will eventually achieve our goal of 50-50 revenue split between the Philippines and foreign businesses even as our Philippine business continues to expand strongly since our foreign business is growing even faster. It will only be a matter of time,” Mr. Tan Caktiong said.

The Smashburger deal will also add 365 stores to JFC’s worldwide store network, bringing the total to 4,162.

Smashburger’s 186 company-owned and 179 franchised stores are located in 38 states in the United States and 10 foreign markets, including Costa Rica, United Kingdom, Egypt, El Salvador and Panama. This will widen JFC’s geographical presence to 21 countries outside the Philippines.

HIGHER PROFIT
Meanwhile, JFC said it grew its attributable profit by 15% in 2017, fueled by an aggressive store expansion program that saw the opening of 465 new stores last year.

In a disclosure to the stock exchange on Tuesday, JFC reported a net income attributable to the parent of P7.089 billion in 2017, higher than the P6.165 billion it posted in the year before.

Full year revenues rose by 15.6% to P131.57 billion, boosted by a 15.2% growth in system wide retail sales to P171.77 billion. System wide sales measure all sales sold to customers of both company-owned and franchised stores.

Sales from the company’s Philippine restaurants increased by 13.2%, while those from overseas stores accelerated at a faster clip of 23.4%.

The profit growth translated to a 14.2% increase in earnings per share to P6.561. JFC, however, reported operating income margins slowed by 0.3% in 2017, triggered by the rapid increase in cost of raw materials and freight, in addition to store and manufacturing expenses.

“Gross profit margins in the Philippines were below year ago level as our rate of price adjustments was behind cost increases, following JFC’s practice of implementing gradual price adjustments in order to help consumers adapt to rising inflation,” JFC Chief Financial Officer Ysmael V. Baysa said in a statement.

Mr. Baysa said the company looks to recover profit margins this year.

For the fourth quarter alone, JFC’s attributable profit climbed 11.7% to P1.98 billion, on the back of a 17.2% growth in revenues to P37.06 billion. System wide sales from October to December, meanwhile, jumped 16.9% to P48.38 billion.

The listed firm said the positive performance for 2017 was mainly due to the addition of 465 stores under its network — the most number it has opened in the past 39 years. Of this, 328 are located in the Philippines, while 137 are abroad. This brought JFC’s store count to 3,797 by the end of 2017, 16.7% higher than 2016’s 3,253 stores.

A total of 2,875 of these stores are in the Philippines, with 1,062 under Jollibee, 526 under Chowking, 272 under Greenwich, 427 under Red Ribbon, 495 under Mang Inasal, and 93 under Burger King.

Overseas, the company has 922 stores under various brands, namely: Yonghe King, Hong Zhuang Yuan, Dunkin’ Donuts, Jollibee, Red Ribbon, Chowking, Highlands Coffee, Pho 24, and Hard Rock Cafe.

This year, JFC intends to continue expanding its global store network as it allocated P12 billion in capital expenditures. The allocation is 36.5% higher than JFC’s actual spending of P8.8 billion in 2017.

Shares in JFC lost P6 or 2.12% to close at P277 apiece at the Philippine Stock Exchange on Tuesday.

RCBC net income climbs 11.4% to P4.3B in 2017

RIZAL COMMERCIAL Banking Corp.’s (RCBC) net income climbed in 2017 on the back of growth across its business segments.

In a disclosure to the local bourse on Tuesday, the Yuchengco-led bank said it booked an unaudited consolidated income of P4.3 billion, 11.4% higher than the P3.9 billion it booked in 2016.

For the fourth quarter alone, RCBC’s net profit more than doubled to P904 million from P368 million in October-December 2016, driven by a 27% growth in net interest income and a 19% increase in non-interest earnings, the bank said.

For the entire year, net interest income totalled P18 billion, up 15% from the P15.7 billion recorded in 2016.

The growth was supported by its lending business, as its total customer loans expanded 16% to P353 billion.

In particular, its corporate loans grew 12%, small and medium enterprise loans jumped 39%, consumer loans climbed 15% and credit card receivables expanded 29%, RCBC said in the disclosure.

The lender’s net interest margin stood at 4.24% in 2017, 19 basis points higher than the 4.06% recorded in 2016.

RCBC’s total deposits also grew 10% to P388.9 billion.

The bank’s total other operating income, meanwhile, reached P7.1 billion, while fees and commissions, trust fees, and fees on investment banking and loans were at P3.4 billion.

This brought RCBC’s total gross income to reach P25.1 billion.

The lender’s total operating expenses grew at a slower pace of 2.3% to P17.8 billion in 2017.

Last year, RCBC opened 27 new branches and deployed 74 automated teller machines (ATM). This brought its consolidated network to 508 bank branches and 1,562 ATMs, resulting to a 3.07 branch-to-ATM ratio.

RCBC said its asset quality remained stable as its non-performing loan ratio stood at 1.25% at end-2017, lower than the 1.41% booked at end-September.

Meanwhile, the lender’s capital funds stood at P67.1 billion.   Its capital adequacy ratio was at 15.47%, with its common equity Tier 1 ratio at 12.46%.

“The bank is on track and ready yo take advantage of the opportunities expected from the favorable business environment in 2018. Our delivery channels are geared up with new branches and improved ATM systems supported by strengthened security measures in anticipation of the increased client activity in 2018,” RCBC President and Chief Executive Officer Gil A. Buenaventura was quoted as saying in a statement.

“The RCBC management understands [competition] all too well and is prepared to address this with a strong sense of urgency, as we pursue our business plans, key initiatives and key transactions this year,” Mr. Buenaventura added.

RCBC shares closed at P48.85 on Tuesday, dropping 65 centavos or 1.31% from the previous day. — KANV

PAL says investor talks delayed but fleet expansion still on

MANILA — Philippine Airlines said on Tuesday its ongoing talks with a potential foreign investor will take “a few more months” to conclude but it vowed to continue expanding operations despite challenges such as congestion at the country’s main airport.

The flag carrier expects to take delivery of 15 planes this year, including four Airbus A350s, under its $2-billion expansion program that will make its fleet one of the youngest in Asia. It plans to phase out the older ones in its current fleet of 88 aircraft.

“It will take a few more months because talking to investors is not really easy,” Jaime J. Bautista, president of the airline’s operator PAL Holdings, Inc., said in a media briefing.

He was earlier hoping to seal a deal with a foreign strategic partner, who may get a minority stake in PAL, last year.

“We are not promising any date. We will just surprise you,” he said, on when the foreign investor will likely come in. He declined to give further information, citing a confidentiality agreement, when asked whether the potential investor was an airline.

“They (potential foreign partner) want to look at profitability of the airline,” he said. “Of course they want to have a good return on their investment and also to have access (to) our market.”

PAL Holdings posted a comprehensive loss of P3.55 billion ($68 million) for the nine months to September last year as rise in costs, including fuel, outpaced revenue growth.

Mr. Bautista said PAL Holdings will also book as additional expenses last year the P6 billion it paid the government in the last quarter to settle navigational fees and other charges.

He said a congested Manila international airport was also a challenge, as he welcomed news that a consortium of seven Philippine conglomerates has offered to transform the airport into a regional hub and expand its capacity.

Philippine Airlines expects to carry about 16.5 million passengers this year, from last year’s total of almost 15 million, he said. — Reuters

BIR Cebu sets P31.3-B collection target this year

THE BUREAU of Internal Revenue (BIR) in Cebu targets to collect P31.3 billion this year. BIR-13 Regional Director Aynie M. Dizon said the target for 2018, up 6.8% from last year’s goal, is “reasonable and achievable.” BIR-13’s initial goal for 2018 was set at P33.8 billion, but was lowered to P31.3 billion due to the foreseen impact of the Tax Reform for Acceleration and Inclusion (TRAIN) Act. Based on official data, BIR-13 is set to collect this year P18.3 billion in personal income taxes; P9.4 billion in value-added tax (VAT); P11.6 million in excise taxes; P1.2 billion in percentage taxes; P2.5 billion in other taxes. — The Freeman

See full story on https://goo.gl/Pjn1oo

Fuel Masters angle to go above .500 mark

By Michael Angelo S. Murillo
Senior Reporter

MIDDLING team Phoenix Fuel Masters shoot to go above the .500 mark when they go up against the Meralco Bolts in the opening game of the Valentine’s offering of the Philippine Basketball Association (PBA) at the Smart Araneta Coliseum.

At the seventh spot currently in the season-opening PBA Philippine Cup with a 4-4 record, the Fuel Masters are out to get a victory over the struggling Bolts (2-6) in their scheduled 4:30 p.m. match to put them back in the black and position themselves for a shot at finishing in the top six and avoid a twice-to-win disadvantage if ever they manage to advance to the next round.

As per tournament format, only the top eight teams at the end of the elimination round move on to the next phase with the top two enjoying a twice-to-beat edge over the two lowest teams while the middle teams battle in a best-of-three series — #3 vs. #6 and #4 vs. #5.

Phoenix won in its last game, showing much resilience to edge the TNT KaTropa, 74-72, last Wednesday.

The Fuel Masters dug deep in a match that saw them play catch-up for much of the time and were boosted by the late-game surge by sophomore Matthew Wright to notch the all-important victory.

Mr. Wright, who drained a key three-pointer late in the game and made the pass for what turned out to be the game-winning shot by Doug Kramer with three seconds to go, top-scored for Phoenix with 16 points.

Veteran Jeff Chan added 11 markers while rookie Jason Perkins had eight points and 10 boards for the Fuel Masters, who have seen a promising start to their campaign turn iffy after going 2-3 in their last five games.

“We have three games left in the elimination round and anything can happen. So we’re not taking opponents lightly and will try to stay on top of our game to advance,” said Mr. Wright following their last victory.

For Phoenix coach Louie Alas, their win over TNT was huge in line with their goal to finish in the top six at least.

“That’s our goal really, to finish at least fourth to sixth to give us a chance in a best-of-three playoffs,” said the coach even as he underscored that they will still try to go as high as they can in the standings as the elimination round draws to a close.

SLIPPING
Meanwhile, looking to save their slowly slipping campaign are the Bolts, who are currently riding a three-game losing streak.

The most recent of Meralco’s losses came at the hands of the NLEX Road Warriors, 87-85, last Friday, with rookie sensation Kiefer Ravena draining the winning basket with little time left on the clock.

The defeat was all the more disappointing as Meralco had its grip on the game but just could not sustain and finish it.

Nico Salva came off the bench to lead the Bolts with 20 points with Chris Newsome finishing with 15 points, 10 rebounds and seven assists.

Following the Phoenix-Meralco match is the main game encounter at 7 p.m. by TNT (4-5) and GlobalPort Batang Pier (3-4).

Both teams are coming off losses in their previous assignments and are out to get back on the winning track to give their campaigns a boost in the homestretch.

Defending champ DLSU aims for third win in row

By Michael Angelo S. Murillo
Senior Reporter

UNDEFEATED in their first two games in University Athletic Association of the Philippines (UAAP) Season 80 women’s volleyball, the defending champions De La Salle University Lady Spikers are out to make it 3-of-3.

To battle the Far Eastern University (FEU) Lady Tamaraws (1-1) at 4 p.m. in the resumption of volleyball play today at the FilOil Flying V Centre in San Juan City, the Taft-based Lady Spikers look to sustain their steady form and keep in step with league-leading National University Lady Bulldogs (3-0) in the standings.

La Salle defeated the University of the Philippines (UP) Lady Fighting Maroons in straight sets in its last assignment on Saturday, 25-21, 25-22 and 26-24.

Tin Tiamzon and Kim Kianna Dy paced the Lady Spikers in the win with 13 points apiece while Desiree Cheng added 10 markers.

Setter Michelle Cobb also had 10 points, punctuated by seven service aces, including three straight to notch the win for her team, on top of 32 excellent sets for the Lady Spikers.

La Salle was challenged by UP but always found a way to stave off its opponent when it needed to in securing the victory.

“We just adjusted accordingly to the game of UP and stayed patient and in control,” La Salle coach Ramil De Jesus said after their win as he discussed the mind-set they had against the Lady Maroons.

The Lady Spikers’ opponent today, FEU, for its part, will try to get back on the winning track after losing a tough five-setter to the Adamson Lady Falcons, 25-23, 19-25, 25-22, 21-25 and 15-12, last Saturday.

Skipper Bernadeth Pons had 22 points, 16 digs and 13 excellent receptions for FEU while Toni Rose Basas added 18 points and Celine Domingo 10.

It was not enough, however, to get the Lady Tamaraws over the Lady Falcons, who were on top of things and showed tremendous composure when they were pushed to the limit.

FEU said it will try to bounce back and build a winning momentum moving forward under new coach George Pascua.

Meanwhile, playing in the opener at 2 p.m. are Adamson and UP, both sporting identical 1-1 cards.

The Lady Falcons are coming off their win over FEU last weekend while UP is fresh from a loss.

“It feels good. I’m just happy we won and I’m sure the players feel excited about it. We look forward to building on this victory,” said Adamsom coach Air Padda following their victory over FEU, a team they have not beaten in two seasons.

Udenna completes BGC corporate tower

THE UDENNA GROUP of Davao-based businessman Dennis A. Uy has completed the construction of its corporate tower in Bonifacio Global City (BGC).

In a statement issued Tuesday, the group said it has topped off the 24-storey Udenna Tower, located at the corner of Rizal Drive and 4th Avenue in BGC, Taguig City. The tower has a gross floor area of 14,703 square meters (sq.m.), with a net leasable space of over 13,600 sq.m.

Seven floors will be occupied by companies under Mr. Uy’s leadership, such as Phoenix Petroleum Philippines, Inc. and Chelsea Logistics Holdings Corp.

“Udenna Tower will allow us a firmer foothold in the country’s capital region, as our businesses continue to grow into significant players in their respective industries and take on bigger roles in our national economy,” Udenna Vice-President for Corporate Affairs Adel A. Tamano was quoted as saying in a statement.

Mr. Tamano added the tower will also be more conducive for around 500 of its employees based in Metro Manila.

The tower’s six floors will be available for lease, strengthening the   portfolio of property arm, Udenna Development Corp. (Udevco).

“The development illustrates the strength and potential of our real estate business — (Udevco) — to become a significant player in the sector,” Mr. Tamayo said.

Udevco is currently embarking on the development of the 177-hectare Clark Global City (CGC), located within the Clark Freeport Zone, for $6 billion. The project will be developed in 10 years, with the first phase set to start this year. — Arra B. Francia

Initial 2018 Jr. NBA Philippines selection camp successfully held in Bacolod last weekend

THE staging of the selection camps for the 2018 Jr. NBA Philippines tipped off in Bacolod last weekend with over 400 aspiring boys and girls participating.

Held at the Trinity Christian School on Feb. 10-11, participants went through thorough training designed to develop not only their skills as players but also their character that should guide them in their lives beyond basketball.

After the two-day camp, 10 campers were selected and given slots to represent Visayas at the National Training Camp set in Manila on May 18-20.

Advancing to the next phase of the NBA’s global youth basketball participation program are John Lester Amagan, 14, of St. Robert’s International Academy; Nathan Jan Jundana, 14, and Heinzy Gabriel Demisana, 13, of Bacolod Taytung High School; William Agamemnon Allosada, 13, William Archimedez Allosada, 13, William Holan Baxter, 13, and Keane Angelo Yu, 14, of Sacred Heart School — Ateneo de Cebu (boys division), and Dancylle Gabrealene Busime, 12, of Colegio San Nicolas de Tolentino — Recoletos; Danielle Gwen Dusaran, 12, of University of Negros Occidental Recoletos; and Gin Kayla Relliquette, 12, of St. Carmen Salles School (girls division).

The selected 10 excelled in a variety of basketball activities and competition, and embodied the Jr. NBA core S.T.A.R. values of Sportsmanship, Teamwork, a positive Attitude and Respect throughout the camp, conducted Jr. NBA coaches, led by Coach Carlos Barroca and former Alaska Aces player Tony Dela Cruz.

“We have kids in Visayas that showed a tremendous amount of potential at a very young age. We hope they will continue to work on their games and look forward to seeing their growth in our future camps within the region,” said Mr. Barroca at the conclusion of the Bacolod camp.

The Visayan contingent of Jr. NBA campers will compete with the top players from the remaining Regional Selection Camps in Butuan (Feb. 24-25), Baguio (March 17-18) and Manila (April 21-22) at the National Training Camp where the next batch of Jr. NBA Philippines All-Stars composed of the most outstanding eight boys and eight girls will be selected

The 2018 Jr. NBA and Jr. WNBA All-Stars will be rewarded later in the year with an authentic, overseas NBA experience.

Jr. NBA Philippines is now on its 11th straight year of staging in the country and has made significant strides in teaching the fundamental skills and core values of the game at the grassroots level while enhancing the youth basketball experience for players, parents and coaches.

To participate in the program, which is presented by Alaska Milk and open to boys and girls, one must be aged 10 to 14. For more details on the registration and other details, visit www.jrnba.asia/philippines. — Michael Angelo S. Murillo

Art Fair 2018’s interesting problem: managing a growing crowd

RESPONDING TO THE surprisingly large crowd that flocked to its regular venue at The Link carpark in Makati City in 2017, this year’s Art Fair Philippines will control access to the carpark during its run from March 1 to 4 and will also post “Art Etiquette” memes on social media in the days before it opens.

“The art etiquette [memes] is not meant to look down on anybody, but for everybody to have a good experience while in the fair,” Dindin Araneta, one of the fair’s cofounders, told BusinessWorld at the sidelines of launch of the annual event which is now on its sixth year.

Over the past five years, the art fair has welcomed a growing number of visitors, made up of art collectors, artists, art enthusiasts, families, and students (the latter make up the fair’s biggest demographic at 30% of visitors).

In 2017, the fair welcomed 40,000 visitors, almost two times 2016’s 22,000. During its first year in 2013, the fair welcomed 6,000 art enthusiasts through its doors, and this number increased regularly in subsequent years — 10,000 visitors in 2014 and 16,000 in 2015.

“We’ve brought in growing audiences in the past years, now, it’s about time to educate them,” said Ms. Araneta.

Among the rules of etiquette that they will be pushing are:

• Don’t stand too close to the artwork.

• Don’t bring large bags and backpacks.

• Do not touch the artworks.

• Do not bring food and drinks inside.

• No camera flash.

Needing to deal with this growing enthusiasm for the arts by people who may not know the proper way to behave near the often fragile artworks — including people who like to take photos for their Instagram accounts — is not limited to the Philippines.

“[There are] essays in literature about the development of the audience for art in other countries, so there were also times when they had to educate the audiences… It’s really about education, to teach them how to view works of art and how to ask the right questions,” said Ms. Araneta.

In an effort to control the crowd, visitors will have to choose from three time periods when they can enter the fair: 10 a.m. to 1:30 p.m.; 2 p.m. to 5 p.m.; and 5:30 p.m. to 9 p.m.) — but they are free to leave the fair at their own convenience.

“It’s to make sure that you are not bumping into works or into other people. It’s for your comfort. [And also] so the artists feel like their works are respected. Sometimes the people bump into their works and they’re like ‘Din, they are taking so many pictures and they are not looking anymore.’ We get a lot of comments [like that] so maybe less pictures and more discernment and conversations with the artists and the gallerists who are there,” said Ms. Araneta.

GROWING ART AFFAIR
Not only is the Art Fair growing when it comes to visitor numbers, but also in size. From the initial 24 participating local and international galleries, the number increased steadily to 46 last year. For this year’s edition, 51 galleries — 36 of which are local — will showcase their best art.

The exhibitors have always sold out their pieces in the first two days, so the gallerists have the interesting problem of curating what to hang in their spaces over the remaining days of the fair — the result is the audience will always have something new to see when they come back to the fair.

This year’s affair will also maximize the carpark by using all its available space for the first time. This time the fair will have a floor area of more than 13,000 square meters spread over all seven floors of the carpark.

“Our move to secure a bigger space and oversee access to the fair will allow us to enhance the viewing experience of our visitors and help ensure that artwork can be properly appreciated,” said Art Fair cofounder Trickie Lopa.

WHAT TO SEE
Filmmaker Kidlat Tahimik headlines this year’s “Projects,” which is a featured artist section. He will exhibit wooden sculptures on myths.

Meanwhile, the three veteran artists of Kaisahan group — Pablo Baen-Santos, Renato Habulan, and Antipas Delotovato — will showcase artworks with social commentaries.

Younger artists Leonard Aguinaldo (who works with rubbercuts), Lyra Garcellano (whose recurring theme revolves around national identity), Nilo Ilarde (a conceptual artist and curator), and Alvin Zafra (who will present an exhibit with video as the central piece) are also part of “Projects.”

This year’s fair also features a new section on photography, which is presented by Swiss private banker Julius Baer.

“We have had installations and video works, but very little photography. It is just a continuation of the conversations with people who are engaging with photography, whether you are professional, student, enthusiast,” said Ms. Araneta.

The photography exhibitions this year include Neal Oshima’s Kin, which pays tribute to the country’s tribes and indigenous traditions. Working with curator Angel Velasco, there will also be another exhibit, Provocations, which features a range of established and emerging documentary photographers.

“We are excited to see how photography will continue to find its place in our local art scene [because] it’s a medium that you can acquire,” said Lisa Periquet, one of the fair’s three cofounders. — Nickky Faustine P. de Guzman