Home Blog Page 12783

What goes into making an Earth-friendly $68 pair of jeans?

DENIM PRODUCTION is a “dirty business,” says Michael Preysman, chief executive officer of fashion e-tailer Everlane, Inc. He’s not wrong. Chances are, those jeans you’re wearing produced 44 pounds of carbon dioxide and took up to 10,000 liters of water to make, much of it ending up in waterways, along with toxic dyes and chemicals deployed in making denim. The desire to do better is why, last month, Everlane embarked on its biggest endeavor to date: an eco-conscious jean. It’s the next step in the brand’s journey of radical transparency.

Everlane’s $68 price tag sits well in the quality green jean market. LA brand Reformation’s range of sustainable jeans costs from $118 to $168, Patagonia, Inc.’s jeans retail from $99 to $119, Seattle-based Source Denim LLC’s Ethical Raw Jeans for men cost $139, while Swedish brand ReDew, whose jeans will soon be available online, has just debuted jeans in a limited number of US cities, ranging in price from $150 to $195.

As with its bag factories in China, Everlane works hard to find the right factories at the right price, allowing for the disclosures that are going down so well with customers. For those $68 jeans, the “true cost,” according to the brand, is $28, including $7.50 for labor and $12.78 for materials. Everlane’s markup runs from double to triple, compared to an industry standard that ranges from five to six times costs.

If Preysman were to start it all again, denim would be Everlane’s second product, after T-shirts, but he says it took him two years to find a manufacturing facility with the right eco credentials. Typically, he says, “factories take advantage of inadequate regulations and dump contaminated water directly into the environment,” with denim manufacturers being particularly egregious offenders. A damning Greenpeace report in 2010 detailed how Xintang, known as the “Jeans Capital of the World,” was polluting surrounding waterways in China’s Guandong Province. “The smell is putrid and unbearable, and any skin contact results in itching and even festering,” said the report, with accompanying satellite images of dark, disturbing indigo runoff in the Pearl River. “Though villagers once fished and drank water from the river, now they dare do neither of these things and must pay for tap water.”

Preysman’s search eventually led to Saitex International Dong Nai Co. Ltd., a modern manufacturer surrounded by rainwater-filled pools and spouting fountains in Bien Hoa, southern Vietnam. “They set incredibly high standards by recycling 98% of their water to a drinkable state, air-drying the denim, and turning the excess denim waste into bricks made for affordable housing,” he says.

What goes into making an Earth-friendly $68 pair of jeans?
WWW.EVERLANE.COM

Saitex’s president, Saanjeev Bahl, who also sits on the board of directors for the Sustainable Apparel Coalition, has been a vocal force for change. Unhappy with the apparel industry’s practices — it’s second only to oil as the planet’s worst industrial polluter — Bahl built a LEED-certified (Leadership in Energy and Environmental Design) operation considered one of the world’s most sustainable denim-manufacturing facilities, thanks to incredible efficiencies. A closed water system and jet washing machines lose only .4 liters of water per pair of jeans through evaporation; typical commercial machines waste as much as 1,500 liters per pair. Rainwater harvesting further minimizes water usage, while a five-step filtration process separates water from contaminants. (Preysman and Bahl made a video of themselves drinking the filtered waste water to prove it.)

After they are cut, sewed, and washed, Saitex jeans are mostly air-dried before being finished in commercial driers. Renewable energy, including solar power and miniature windmills, reduces power usage by 5.3 million kilowatt-hours of power annually and cut carbon dioxide emissions by nearly 80%. Any remaining industrial sludge is mixed with concrete (to prevent seepage), shaped into bricks, and earmarked for the local community. To date, 10 brick homes have been built.

There is definitely a move within the industry standard. As well as Everlane’s model, larger companies are also looking to change. Levi Strauss & Co. intends to make 80% of all its products via waterless innovations by 2020. China’s Crystal Group Ltd., another sector leader, has been recognized with awards from WWF-Hong Kong, a conservation organization, for attaining continuous improvement in environmental performance and carbon reduction.

Everlane jeans are built to last, too. By using Japanese denim, a high-quality (and, it’s worth noting, on-trend) weave with little stretch, it won’t “bag out” says Preysman, and should thus contribute less to the rise in textile waste reported by the US Environmental Protection Agency — a massive 15.13 million tons in 2013. “What we’re seeing now is a move back to a more authentic, original fabric that Japanese denim provides. We believe it gets better with wear,” Preysman says.

Customers who want to try on the company’s latest collections before they buy online can visit a brick-and-mortar showroom in Manhattan’s SoHo and at the Everlane Lab in San Francisco’s Mission District. For women, that includes the new high-rise skinny, mid-rise skinny, and boyfriend-fit jeans in white, black, and blue washes. Men will find slim and straight fits in indigo, mid-blue, and black washes. A pop-up shop will run through Nov. 12 at select Nordstrom, Inc. locations, bringing the brand’s luxury basics to eight additional cities across North America.

Julie Gilhart, an 18-year veteran at Barneys New York, Inc. who is now an industry consultant, calls Everlane’s denim initiative “brilliant” and foresees its approach to transparency becoming the norm, rather than an exception. “The combo of transparency in manufacturing, pricing, and sustainability is the magic recipe for future growth and a big disruptor for the fast-fashion business,” she says. — Bloomberg

May could shake up Cabinet with Johnson in the firing line

LONDON — UK Prime Minister Theresa May could soon be planning an overhaul of her team of top ministers in a bid to reassert her authority and end the government infighting that’s put Brexit talks in jeopardy.

Senior officials in Ms. May’s Conservative party, speaking on condition of anonymity, want her to deal with Boris Johnson, who has angered colleagues by forging his own path on Brexit in the run up to what proved a disastrous party conference for Ms. May this week in Manchester.

In an interview with the Sunday Times, Ms. May sent a strong signal about her intentions when asked specifically what she planned to do about her rebellious foreign secretary, the former London mayor who’s in the past been touted as a potential successor.

“It has never been my style to hide from a challenge and I’m not going to start now,” she told the newspaper. “I’m the PM, and part of my job is to make sure I always have the best people in my Cabinet.”

Ms. May faced fresh calls to quit following a chaotic speech at the conference that she almost failed to finish after a prolonged coughing fit. Grant Shapps, a former Conservative Party chairman, said on Friday he’s orchestrating a campaign to persuade her to step down — to which Ms. May responded by saying she’s providing the “calm leadership” the country needs.

Removing Ms. May now would throw Brexit negotiations into disarray. It would take as long as three months for the Tories to pick a new leader, and there are just 18 months to go until Britain tumbles out of the bloc. Ms. May made some concessions to Europe in a speech in Florence on Sept. 22, injecting momentum into long-stalled talks.

With negotiations to resume on Monday in Brussels and investors rattled by the never-ending Westminster soap opera, Ms. May is moving to restore order. The reshuffle, according to the Sunday Times, would take place after an Oct. 19-20 summit in Brussels where Ms. May will be hoping for a breakthrough few think possible.

Senior Tories from Home Secretary Amber Rudd to Environment Secretary Michael Gove have rallied behind her in recent days. Still, the Sunday Times, citing Tories it didn’t identify, said half her Cabinet want her to stand down in the next two years.

Concerned that Ms. May’s government will collapse before Brexit is complete, European Union negotiators have held more frequent back-room talks with the opposition Labour party, the Telegraph reported, citing people it didn’t identify. They want assurances Labour will honor deals made with the Conservatives, the Telegraph said.

Conservatives remain anxious after Ms. May led them into a failed election campaign earlier this year. Many believe she must quit before the next election, due in 2022, but worry that a leadership contest now will provoke an earlier vote that could result in a victory for Labour’s Jeremy Corbyn.

Mr. Shapps said about 30 lawmakers want a new Conservative leader and prime minister. That’s fewer than the 48 needed to trigger a leadership battle, so if Ms. May is determined to stay, she can — for now.

“We think the prime minister should stand aside now voluntarily so there can be a leadership election as soon as possible,” Mr. Shapps told Bloomberg in a phone interview. “It is clear that we need to have a reboot and that means it is time to move on.”

Ms. May, 61, responded to her critics in the Sunday Times interview: “One minute journalists are accusing me of being an ice maiden or a robot, then they claim I’m a weeping woman in dire need of a good night’s sleep. The truth is my feelings can be hurt, like everyone else, but I am pretty resilient.” — Bloomberg

Solar Philippines to sell power to contestable customers

SOLAR PHILIPPINES Power Project Holdings, Inc. is looking to sell the power generated by its two solar farms to contestable customers, or those whose consumption reached the required threshold and can buy their electricity through retail suppliers.

The company is building two solar farms, which are contracted with Manila Electric Co. (Meralco), which will generate 50 megawatts (MW) in Tanauan, Batangas and 150-MW in Concepcion, Tarlac. The PSAs of both are pending approval at the ERC.

“We purchased equipment as early as 2016 to comply with our Meralco PSA, and will just sell to contestable customers if the PSA (power supply agreement) is still pending at ERC. The sooner the ERC approves this PSA, the sooner consumers can enjoy savings,” said Solar Philippines President Leandro L. Leviste in a statement over the weekend.

Meralco has three pending solar PSAs, two of which are with Solar Philippines, which offered P2.99 per kilowatt-hour (kWh) for its second contract. The price is significantly lower than the P8.69/kWh rate approved by the ERC under a 20-year feed-in-tariff (FiT), a defunct scheme that offered attractive rates to encourage investments in solar farms.

“The fact these PSAs are significantly below FiT, and emerged as the lowest cost in a CSP (competitive selection process), affirms the competitiveness of these rates. Allowing the market to determine rates via CSP may be a solution to both lower electricity rates and ease the workload of ERC,” Mr. Leviste said.

Distribution utilities are required by the ERC to subject power supply offers to price challenges to ensure that they agree to the least costly deals from generation companies. Generation charges are pass-through costs that are billed monthly to consumers.

“We have secured off-take agreements with private customers at higher rates than the PSA’s now for ERC approval. If our PSA rates are reduced any further, we would be better off just selling to these private customers,” Mr. Leviste said.

He previously said Solar Philippines had created a retail electricity supply (RES) business, although the approval of its license is pending with the ERC. But the Supreme Court issued a temporary restraining order (TRO) on provisions relating to RES, including the issuance of new licenses.

The Department of Energy (DoE) has drafted two circulars that seek to re-start regulations on retail competition and open access (RCOA), which seeks to give customers the power to choose where to buy their electricity.

Under the draft circulars, contestable customers are not anymore mandated to buy their electricity from a licensed retail electricity supplier. The mandatory provision was questioned by various entities before the high court, which issued the TRO. The DoE now wants to make the switch voluntary.

Contestable customers use an average of at least 1-MW a month for the past year. RCOA rules aim to gradually lower that threshold until they reach the consumption level of an average household. Victor V. Saulon

Upgraded Meralco Bolts like chances of winning title either against Ginebra or TNT

WITH veteran Ranidel de Ocampo, and young players like Garvo Lanete and Mike Tolomia now in the lineup, Meralco coach Norman Black feels his team has upgraded from last season, thus liking his chances more of winning the championship against either Barangay Ginebra San Miguel or TNT.

“Definitely it’s an upgrade,” Mr. Black told BusinessWorld in a telephone interview. “We didn’t have Ranidel, Mike and Garvo last year and having them in our lineup now means we have surrounded our import Allen Durham with floor spacers.”

In last year’s Governors’ Cup, the Bolts made their first ever finals appearance in franchise history, but they lost Jared Dillinger due to injury and even veteran Jimmy Alapag, who was playing in his final season, played hurt. They eventually lost to the Gin Kings in six games as Ginebra import Justin Brownlee hit a buzzer-beating trey to cap an exciting finale.

This time, the Bolts felt they are more ready to win the championship.

They easily dispatched the Star Hotshots, whom they dismissed in a three-game sweep in their semifinal series. For now, the Bolts await the winner of the Gin Kings-Tropang Texters showdown, but Mr. Black and his crew won’t be playing until Friday the 13th and the long rest will certainly benefit them moving forward.

“We have players who are playing hurt,” added Black. “Cliff Hodge had a severe ankle sprain and has been playing hurt, so as Baser Amer. The long rest would certainly benefit them not to mention the fact that the team has been playing 17 days of nonstop basketball. But that’s the way it is in the playoffs.”

“We like our chances now. The inclusion of our new players has definitely upgraded our lineup.”

Meralco, however, will miss the services of Kelly Nabong, who has been suspended indefinitely by Mr. Black after figuring in an altercation with assistant coach Jimmy Alapag.

The Bolts are still preparing for the finals even though they still don’t know who are they going to face, but for Mr. Black, it’s a way to keep them sharp while also anticipating some of the key things where they need to focus on.

“We’ve been working on some stuff, particularly when they double on Durham. We felt they will be doing that against us more often,” added Mr. Black. “On the other hand, we’re also preparing on the isolation plays which might be thrown against us either against Brownlee or Glen Rice, Jr.” — Rey Joble

CALAX Cavite segment construction to be built by Leighton

MPCALA Holdings, Inc. plans to sign a contract with Leighton in November for the construction of the Cavite segment of the Cavite-Laguna Expressway (CALAX).

“We just finished the negotiations… Leighton will be the contractor. We plan to do the contract signing in November,” MPCALA President and Chief Executive Officer Luigi L. Bautista told reporters in a recent interview.

Mr. Bautista said the contract is worth about P7.3 billion.

“Probably by January, they can mobilize construction,” Mr. Bautista said.

Leighton is a unit of Australia’s CIMIC Group Ltd., formerly Leighton Holdings.

The P35.43-billion CALAX project involves the construction of a 44.6-kilometer four-lane toll road between the Cavite Expressway (CAVITEx) in Kawit, Cavite and the SLEx-Mamplasan Interchange.

In March, MPCALA Holdings signed the contract with DM Consunji, Inc. for the construction of the Laguna segment.

The Metro Pacific group broke ground in June for the Laguna segment.

The Department of Public Works and Highways (DPWH) said last week that MPCALA may be granted original proponent status (OPS) for its unsolicited proposal to build the Cavite-Tagaytay-Batangas Expressway (CTBEx), a planned 49-kilometer toll road that will connect the CALAX at Silang East Interchange to Tagaytay City, and terminate at Nasugbu, Batangas. A Swiss challenge is targeted to be conducted by the middle of next year.

Undersecretary Maria Catalina E. Cabral said that if MPCALA is set to win the contract, they are aiming for a simultaneous completion in 2020 of CALAX and Section 1 of the CTBEx.

“We should be able to finish by 2020,” Mr. Bautista said.

MPIC is one of three key Philippine units of Hong-Kong based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Patrizia Paola C. Marcelo

PAL’s solution to NAIA’s congestion

Last May, Philippine Airlines formally presented an unsolicited proposal to the Department of Transportation (DoTr) to expand Terminal 2 of the Ninoy International Airport (NAIA). As everybody knows, PAL has exclusive use of the terminal for its domestic and international operations. Thus far, PAL’s proposal is the most practical, cost efficient, and expeditious solution to relieve NAIA’s congestion woes — one that should be favorably considered by government.

Before getting into the details of PAL’s proposal, however, let me provide some context.

NAIA, with its four terminals and two runways, was built accommodate 32 million passengers annually. By the end of this year, passenger traffic is seen to exceed 42 million, 31% more than real capacity. This explains why flight delays are a common occurrence and why unbearable queues persist at practically all stations of the airport.

Growth in the aviation sector continues to expand at a heady pace, having posted 10% annual increases in 2015 and 2016. It will further accelerate in the coming years given the strong economy. While NAIA’s operations are much improved under the management of general manager Ed Monreal, there is simply no way NAIA can accommodate the inevitable growth in aviation traffic, at least not in its current state.

In fact, analysts warn that with increased volume, NAIA’s basic facilities like its baggage handling systems, cargo processing, and mechanical systems (eg. air-conditioning, etc.) could implode on its own stress. And, as a result, frequent break-downs and service disruptions will be inevitable.

The inability of NAIA to absorb future growth will have dire consequences on both the riding public and the economy.

For travelers, it will mean having to contend with even more crowds, queues and delays. It will also result in more chaotic vehicular traffic in the drop off and pick up points and an acute lack of parking spaces. All this will make travelling through the nation’s principal gateway a horrid experience.

For the economy, a choked-up airport will cause an equivalent shortage in air cargo capacity. This will prove catastrophic for the electronics, pharmaceutical and chemical industries, among others. The impact, however, will be most severe for the tourism industry and the thousands of businesses that depend on it.

With no capacity to spare, NAIA will have no choice but to put a cap on flights to and from Manila. Companies like Philippine Airlines, Cebu Pacific and Air Asia Philippines will have to stunt their own growth and struggle to survive amid overcapacities. Between PAL and Cebu Pacific alone, some 30 brand new aircraft are scheduled to be added to their fleets by 2021.

All factors considered, the social and economic costs of NAIA’s congestion will be enormous. It is substantial enough to put a drag on the entire economy.

RUNNING OUT OF OPTIONS
Much has been said about San Miguel’s $10-billion airport proposal in Bulacan and Solar-Belle Resources’ $16-billion airport at Sangley. Both whetted our appetites and filled us with hope. Unfortunately, neither have secured NEDA approval even up to this day. In other words, neither project figures in government’s official master plan.

Too, the privatization (and subsequent expansion) of NAIA has been ruled out. In my last conversation with DoTr Sec. Art Tugade, he mentioned that he prefers to keep NAIA under government control, only allowing airports outside the capital to be privately operated and maintained.

This leaves us with Clark Airport as the only source of relief. Earlier this year, the DoTr green lit the construction of a new airport terminal roughly based on the 2013 plan of Aeroports de Paris. The terminal will have an annual capacity of eight million passengers and will cost $2.4 billion. More than 40 contractors are poised to submit their bids for the construction of the new terminal later this month. Roll-out is foreseen in 2021.

Clark’s new terminal is not meant to replace NAIA — it is simply intended to decongest it. By no means will it be sufficient to support the future growth of the aviation industry.

PAL’S PROPOSAL
This leads me back to the PAL’s proposal.

PAL’s proposal consists of two phases. Phase 1 involves the modernization of Terminal 2 to increase its efficiency and passenger comfort. The package of improvements includes the use of electronic swing gates using boarding pass scanners (instead of manual document checkers). It also includes the expansion of the departure and arrival halls as well as a thorough upgrade of PAL’s Mabuhay Lounge to one befitting a five-star airline.

Phase 2 involves the construction of an entirely new terminal that will serve as an annex to the existing building. PAL proposes to use the 16.3 hectare property that straddles the decrepit Philippine Village Hotel and unused Nayong Pilipino. The annex building will have a floor area of 89,000 square meters, roughly double the size of Rockwell Mall. It will have 17 gates, each with their own aerobridge. The new terminal will be rigged with the latest technologies and effectively increase NAIA’s capacity by 12.5 million passengers a year.

Moreover, PAL plans to construct a 1,000 car parking lot, an expanded cargo handling facility and a new fuel depot to support increased aviation traffic.

The proposal comes with the price tag of $400 million. Like any private public partnership deal, PAL intends to foot the bill in exchange for the operation and maintenance of the facility over a number of years. Assuming PAL gets the green light this year, it can start construction as early as 2018 and have the new terminal operational by July, 2021.

IMPEDIMENTS
Despite the fact that PAL’s proposal provides a win-win solution for government, the riding public and the economy, there are few impediments standing in its way.

For one, PAGCOR, the owner of the land in which PAL intends to build on, must agree to lease the property to the flag carrier. If ever, it will be the second chunk of land it leases to PAL, following the 10 hectares presently used as PAL’s remote aircraft parking site. Secondly, PAL must secure DoTr support for the project.

PAGCOR and DoTr will only go the way Malacañang goes…. and here lies the problem.

See, PAL has earned President Duterte’s ire for not having settled its debts in arrears to both the Manila International Airport Authority (MIAA) and the Civil Aviation Authority of the Philippines (CAAP). Its alleged liabilities consist of P6.97 billion in unpaid navigational charges to CAAP and P322.11 million in unpaid rental fees to MIAA.

Sec. Tugade sent a statement of account to PAL last August with a demand to settle the liability in full.

PAL has since paid P370 million to CAAP and requested the DoTr for more time to reconcile its remaining accounts. Both PAL and CAAP have been working on a mutually agreeable settlement.

PAL’s request for more time was denied. In fact, in a public speech, President Duterte threatened to shut down Terminal 2, invariably paralyzing PAL, if payment is not received within 10 days. As I write this, the 10 days have already lapsed.

THREE CONTENTIOUS ISSUES
I have three points to make about PAL’s payables issue and its unsolicited proposal.

Point one: While I agree that Malacañang has all the right to issue an ultimatum, I also think that such should not be as simplistic as “pay or face closure in 10 days”. Every company has the right to reconcile its accounts — perhaps 60 days is a more reasonable timeline. After all, the consequence of closing Terminal 2 or precluding PAL from using the facility, may cause more losses to the economy than just P7 billion. Consider the losses to arise from the paralysis of Manila’s logistics chain alone.

Point Two: Government must enable private Filipino enterprises to succeed, not stand in their way. Should government decide to reject PAL’s proposal for whatever reason while failing to provide a viable alternative, it effectively curtails the growth of PAL, the aviation and logistics industry and the thousands of businesses that rely on it.

Point three: At this juncture, government cannot afford to ignore PAL’s proposal simply because there are no other options on the table. Fact is, Clark’s capacity will prove insufficient and too difficult for the majority of travellers given its distance from Manila and absence of a rail connection. Moreover, “Dream Projects” like Bulacan and Sangley are at least a decade away. PAL’s proposal remains to be the most doable and fastest option to defuse the ticking time bomb that is NAIA

Lets hope the DoTr doesn’t fall into the trap of “paralysis by analysis” as the DoTC did, nor the trap of putting politics before public good. NAIA needs a solution and it needs it now.

 

AndreW J. Masigan is an economist.

Landslide alerts up due to LPA, thunderstorms

A LOW pressure area (LPA) off Maddela, Quirino, bringing moderate to occasional rainshowers in most parts of Luzon, has put the landslide and flooding alert levels up in high-risk areas, especially in the northern areas and Bicol Region. Weather agency PAGASA said in its weekly forecast that the LPA is expected to exit the country by today, Oct. 9. Another LPA is “likely” to develop east of the Visayas by Tuesday, but this is not expected to have direct impact on any landmass this week. The whole country is forecasted to have partly cloudy to cloudy skies with isolated rainshowers and thunderstorms until Friday.

VISAYAS
A landslide alert was also up in parts of the Visayas due to thunderstorms characterized by heavy rains with lightning and strong winds. Among those affected were Cebu, Bohol, and Negros Oriental. In Cebu City, Nagiel B. Bañacia, head of the Disaster Risk Reduction and Management Office, reiterated the local government’s call to those living in landslide-prone areas to immediately evacuate during intense rain as a 41-year-old carpenter was killed in a landslide at Sitio GMA in Barangay Apas, Cebu City following a heavy downpour Saturday afternoon.

Landslide alerts up due to LPA, thunderstorms
Part of the Davao City Diversion Road has been closed to traffic since evening of Oct. 5 due to a landslide following a heavy thunderstorm. Clearing operations were continuing as of yesterday, Oct. 8. — DAVAO CIO

MINDANAO
In the country’s southern part, thunderstorms were expected mostly in the central to western areas, particularly Isabela City, Zamboanga Sibugay, Lanao del Norte, South Cotabato, Davao City, and General Santos City. In Davao City, a portion of a main thoroughfare, the C.P. Garcia Highway or Diversion Road, has been closed due to a landslide since evening of Oct. 5. As of Sunday, clearing operations were continuing amid cloudy skies and the threat of rain. — with a report from The Freeman

Kiehl’s keeps things simple

A WOMAN on the go shouldn’t be wasting time slathering five creams on her face when one perfectly good cream that has five effects, with natural ingredients, mind you, is in the market.

Last week, US-based Kiehl’s presented its Super Multi-Corrective Cream via a mani-pedi pampering afternoon in S Maison, beside the Conrad Manila. The silky, light, and fragrant cream promises to address signs of skin aging such as lifting, sculpting, retexturizing (also known as pore refining), smoothening, and of course, moisturizing.

“The drier your skin is, the more age concerns are actually apparent,” said Joan Hwang, Kiehl’s Philippines Product manager.

The product combines three ingredients for the effects: jasmonic acid is supposed to help in epidermal renewal and to correct lines and wrinkles, while another component, beech tree extract, improves the skin’s firmness, plumpness and density. Finally, a dose of fragmented hyaluronic acid is meant to intensely moisturize the skin, and improves the texture and elasticity of the skin.

The product boasts to be able to have visible results in as fast as two weeks, as proven by a test that Kiehl’s conducted. According to Ms. Hwang, a sample size of men and women were collected, and told to use just the product. The subjects were given diaries to record their skin’s progress, and results were seen in two weeks, and the effects were doubled in another two weeks. A release states that 84% of their consumer subjects agreed that their skin indeed felt and looked revitalized.

The New York-headquartered Kiehl’s, founded in the 1800s, is known for its wide range of skincare products, so of course, BusinessWorld had to ask if the multitasking new cream can replace five of their products on the dressing table. “We never replace. Moisturizer itself is one step of your routine,” said Ms. Hwang. And, “you still need to use sunscreen.” Prevention is better than cure, they say, so blocking the sun’s aging UV rays is still a must.

So wrinkles can be fixed in one month, if claims about this cream are to be believed, but can it be a worthy substitute for medical procedures designed to reduce the appearance of skin aging (botox, lasers, and facelifts)? Said Ms. Hwang, “If you’re looking to really get a facelift, [those have] immediate results. At the same time, that means going under the knife. This one — fine — maybe it takes two weeks for you to see visible results, but at the end of the day, at least you didn’t go under the knife, right?”

The cream retails for P3,650. — J.L. Garcia

Kim Jong Un promotes sister to center of power

SEOUL — North Korean leader Kim Jong Un said his nuclear weapons are a “powerful deterrent” which guarantee North Korea’s sovereignty, state media reported on Sunday, hours after US President Donald J. Trump said “only one thing will work” in dealing with the isolated country.

Mr. Trump did not make clear to what he was referring, but his comments seemed to be a further suggestion that military action was on his mind.

In a speech to a meeting of the powerful Central Committee of the ruling Workers’ Party on Saturday, a day before Mr. Trump’s most recent comments, state media said Mr. Kim had addressed the “complicated international situation.”

North Korea’s nuclear weapons are a “powerful deterrent firmly safeguarding the peace and security in the Korean peninsula and Northeast Asia,” Mr. Kim said, referring to the “protracted nuclear threats of the US imperialists.”

In recent weeks, North Korea has launched two missiles over Japan and conducted its sixth nuclear test, and may be fast advancing toward its goal of developing a nuclear-tipped missile capable of hitting the US mainland.

North Korea is preparing to test-launch such a missile, a Russian lawmaker who had just returned from a visit to Pyongyang was quoted as saying on Friday.

Donald J. Trump has previously said the United States would “totally destroy” North Korea if necessary to protect itself and its allies.

The situation proved that North Korea’s policy of “byungjin,” meaning the parallel development of nuclear weapons and the economy was “absolutely right,” Kim Jong Un said in the speech.

“The national economy has grown on their strength this year, despite the escalating sanctions,” said Mr. Kim, referring to UN Security Council resolutions put in place to curb Pyongyang’s nuclear and missile programs.

SISTER PROMOTION
The meeting also handled some personnel changes inside North Korea’s secretive and opaque ruling center of power, state media said.

Kim Jong Un’s sister, Kim Yo Jong, was made an alternate member of the politburo — the top decision-making body over which Kim Jong Un presides.

Alongside Kim Jong Un himself, the promotion makes Kim Yo Jong the only other millennial member of the influential body.

Her promotion indicates the 28-year-old has become a replacement for Kim Jong Un’s aunt, Kim Kyong Hee, who had been a key decision maker when former leader Kim Jong Il was alive.

“It shows that her portfolio and writ is far more substantive than previously believed and it is a further consolidation of the Kim family’s power,” said Michael Madden, a North Korea expert at Johns Hopkins University’s 38 North website.

In January, the US Treasury blacklisted Kim Yo Jong along with other North Korean officials over “severe human rights abuses.”

Kim Jong Sik and Ri Pyong Chol, two of the three men behind Mr. Kim’s banned rocket program, were also promoted.

North Korea’s foreign minister Ri Yong Ho, who named Mr. Trump “President Evil” in a bombastic speech to the UN General Assembly last month, was promoted to full vote-carrying member of the politburo.

“Ri can now be safely identified as one of North Korea’s top policy makers,” said Mr. Madden.

“Even if he has informal or off the record meetings, Ri’s interlocutors can be assured that whatever proposals they proffer will be taken directly to the top,” he said. — Reuters

PLDT’s chartered airline business takes off

By Patrizia Paola C. Marcelo

PLDT, Inc. recently launched a chartered airline service through its aviation arm Pacific Global One, amid a growing demand for business and leisure travel using private planes.

“With the rise in demand for tourism and business travel, Pacific Global One is positioned to capture this niche for chartered flights. With our new service, Pacific Global One can now provide private flights to Balesin in Quezon, Amanpulo in Pamalican Island, Baguio in the north and Boracay in Panay, among other routes,” Pacific Global One President and CEO Rene S. Meily was quoted as saying in a statement.

Pacific Global One, which is owned by PLDT, Manila Electric Company (Meralco) and Philex Mining, Inc., currently offers two aircraft, namely the Beechcraft Super King Air 350 and the Bell 429 helicopter.

The Beechcraft Super King Air 350 is a turboprop twin that can fly for five hours and accommodate eight passengers with two pilots, while the Bell 429 helicopter can fly for three hours and has a seating capacity of five.

Mr. Meily noted the rates of the chartered flights are competitive, but did not give figures.

“We also open our doors to small groups who need an affordable, reliable, and accessible transportation to go to various destinations nationwide — whether for work or leisure,” he said.

Pacific Global One also has an AW139 helicopter, and a Global XRS, which is a long-range business jet, which are for the private use of companies led by PLDT Chairman, CEO and President Manuel V. Pangilinan.

PLDT’s foray into chartered airline service is seen as a move to try to increase the group’s revenues.

“Whatever adds to the activity of PLDT is long-term good. They need more projects to bring up their financial growth. Their market technically is long term upward and mid term consolidation,” Harry S. Liu, president of Summit Securities, said via text message.

Luis A. Limlingan, managing director at Regina Capital Development Corp., said the chartered airline business would bring an additional source of revenue to PLDT. However, he noted Pacific Global One’s small fleet will not have a huge effect on PLDT’s revenues and income.

“Rather than just letting those planes sit in the hangar idly, might as well use them for additional sources of revenue. Although with the current number of planes, it won’t significantly impact the top line and bottom line,” Mr. Limlingan via text message.

Mr. Limlingan added that for now, PLDT can look at operating similarly with AirJuan Aviation, Inc., which also offers chartered flights.

“If they plan to scale it further then it should be worth re-evaluating. Perhaps they can pattern it after AirJuan for now,” he added.

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.

Azkals left hanging

When one talks about the Philippine Azkals, we’re talking of national interest. This is our national team representing our country in major international tournaments.

The team which was in charge of raising the level of football in the country is playing with a chip on its shoulder now following the untimely pull out of corporate sponsor Pru Life. It came at a bad timing as the Azkals are in the midst of their campaign in the 2019 AFC Asian Cup qualifier on Tuesday where they will face Yemen. Last month, the Filipino booters were held to a 2-2 draw in Bacolod and the Azkals will need to play away from home this time, hoping to salvage a spot in the AFC.

But after Pru Life UK left the Azkals hanging, the team is determined to prove to all and sundry that it could get the job done.

Pru Life UK, which has backed the Azkals for the past three years, has decided to turned its back on our national team due to internal conflict within the insurance management group.

But this is not the best time to fret, especially with the stakes getting higher.

A win on Tuesday will give the Azkals additional 10 points, at least four points clear of Tajikistan if the Central Asian powerhouse will win against Nepal. This also means the Philippine football squad will have a commanding position heading to its next two matches where the squad will face Nepal in November and a home match against Tajikistan in March next year.

In the middle of the crisis the Azkals are facing, it is also a good way to call for support to our homegrown corporate sponsors.

There was a time when the Azkals were considered the next most popular sport in the country, next to basketball. The program has produced some of the best players in the age of new media among them include the Younghusbands — Phil and James — Chieffy Caligdong, Neil Etjheridge, Simone Rota, Simon Greatwich and Aly Borromeo among others.

But the Azkals are going to need support, most notably from the private sectors.

Maybe it’s time for these companies to step up.

Phoenix, headed by Dennis Uy, who is currently presidential adviser in sports, is one of the few logical choices. Its rival company, Petron, which is being bankrolled by giant conglomerate San Miguel Corp., is another one.

Manuel V. Pangilinan, a staunch backer of sports in the country, has been an active supporter through the years. He has supported basketball teams PBA like Talk ’N Text, Meralco and NLEX, his three teams in the PBA. His Cignal Hawkeyes have also been the perennial champions the past few conferences in the PBA D-League while two collegiate teams, San Beda and Ateneo, which he helps bankrolls, have been consistent performers in the NCAA and UAAP, respectively. He should be interested bankrolling our national football team.

Of course, MVP has also been the chief supporter of Gilas Pilipinas for the past eight years with SMART Communications at the forefront before Chooks To Go came in to the scene and inherited it from the businessman/sportsman.

Alaska has been running a similar football program for the grassroots level outside of the basketball team that has won 14 championships in the PBA — the Aces.

Cobra has been an active backer of sports as well, most notably the dragon boat team it saved when the POC-recognized national sports association failed to recognize the efforts of the squad. Perhaps it’s also a good time the company should save a team that has carried the country with much pride and honor.

This is the best time to show our support to the Azkals. We’ve seen them rising to the challenge when they qualified to the AFF Suzuki Cup then a year later, the AFC Challenge Cup. Who knows where this squad could carry us as it vie for a spot for the 2019 AFC?

Let us show our love to the Azkals, our Philippine football team.

 

Rey Joble has been a sportswriter covering the PBA games for more than a decade. He is a member of the PBA Press Corps and Philippine Sportswriters Association, the oldest journalism group in the country.

reyjoble09@gmail.com

Wash SyCip: Rest in Peace

By Benjamin R. Punongbayan

WASH SYCIP was a very well known person, not only in the Philippines, but also in the whole world. He had a huge network which he persistently, untiringly, and continuously created and developed until the very end. He worked very hard and read very widely to make himself knowledgeable about practically everything in business. He was not a commercial or industrial entrepreneur, but he saw himself as the professional adviser to the entrepreneur and he did it exceedingly well. I don’t think we will see the likes of Wash for a very long time.

I consider him my mentor, not in the sense of the relationship between a principal and an apprentice in developing a skill. He was my mentor in the way I saw he conducted himself in business and social gatherings, small and large; sought and acquired knowledge; developed people; made things happen; pursued excellence; entertained guests and friends; and many more. He did these things outstandingly well. I tried to learn from him and emulate him, but I never reached his level of excellence. Wash Sycip is unique; he is one of a kind.

It was Wash who interviewed me for a job at SGV when I was 20. He advised me then to get married soon. I wondered about that. He probably wanted me to become more responsible at that young age. When I was leaving for the US to study as an SGV scholar, I saw him one day in his office to say goodbye. During our brief conversation, he was correcting my English pronunciation.

In one of his visits to SGV Malaysia where I was then assigned, on leaving the office for a client visit, he saw a paper clip lying on the office corridor floor. He picked it up and gave it to me and said that such a stray clip may be a very small thing but such a loss accumulates and therefore I should save it.

Even when Wash was longer actively participating in the operations of SGV, he still wanted all completed audited financial statements routed to him, but at that time each bundle came to me first. One day, he came to my room clutching a bundle and complaining that I was delaying the movement of the bundles as he noticed from the dates recorded on the routing slip. Of course, he told me to get the thing going quickly.

I am sure that many others at SGV had similar experiences with him. I don’t think I need to characterize these experiences any further. These illustrate clearly his strong, tenacious, persistent passion to achieve utmost excellence.

Wash’s strong desire to maintain and develop further his network continued at the same tempo up to the very end. Almost always, I saw Wash on business gatherings and receptions that I attended. And I didn’t go to many.

When Wash turned 96, we met at a dinner reception hosted by Bobby Ongpin on July 31. And behold, I saw him again at the Swiss Confederation reception the following evening. The last time I saw him was during the SGV Alumni Homecoming last month. We had a brief chat and he was telling me in a faint voice that he just met someone who had worked with me at P&A. Amazing!

I wish I was good at superlatives so I can describe Wash as he deserves and truly was. He was sublime, singular, quintessential, full of grit, a truly great man.

Goodbye, Wash. You left to many of us very wonderful and everlasting memories. May you rest in peace.

 

Benjamin R. Punongbayan is the founder of Punongbayan and Araullo, one of the Philippines’ leading auditing firms.

ben.buklod@yahoo.com