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Nominations for 13 Artists Awards open

THE Cultural Center of the Philippines (CCP) has announced that 2018 Thirteen Artists Awards is open for nominations until Jan. 31, 2018.

The Thirteen Artists Awards (TAA) began as a curatorial project of the CCP Museum under the directorship of its first curator Roberto Chabet (1937-2013). The first group of artists gathered under this program exhibited their works in 1970.

In a document on the event, Chabet made a critical connection between the Thirteen Artists and the Philippine Modernists. Both generations of artists were viewed to have sought in their time the chance and risk to “restructure, re-strengthen and renew art making and art thinking… that lend viability to Philippine art.”

Since then, the award would be given to deserving recipients without regularity or pattern, and always subject to constant revision. This partly explains the interesting texture of the roster.

It is in this context that the Thirteen Artists Awards is sustained to this day: to mark the turnings in and of Philippine contemporary art, to update its modernizing potential, and to assess how artists today engage with other forces in the art world.

In 2009, the CCP Thirteen Artists Awards was established as a triennial event. What has characterized the work of the awardees, then and now, is a fresh visual language, innovative solutions to artistic problems, and sustained creative output.

Guidelines for nominating and official nomination forms are available at the CCP Visual Arts and Museum Division office, 4th floor CCP Main Theater Bldg., or may be downloaded from the CCP Web site: www.culturalcenter.gov.ph. For details, contact the CCP Visual Arts and Museum Division at 832-1125 loc. 1504/1505 and 8323702, 0917-603-3809, or e-mail ccp.exhibits@gmail.com.

Nominations will be accepted until 6 p.m. on Jan. 31.

World Bank may put in extra $4.2M for Mindanao Trust Fund

THE WORLD BANK is considering an additional $4.2 million of funding for the second phase of the Mindanao Trust Fund (MTF) Reconstruction and Development Program.

According to World Bank project documents, the program is currently in the pipeline for approval.

The bank first launched the program in 2006, helping finance livelihood centers, solar driers, farmers’ pathways, water and sanitation systems, among others.

In 2012, the World Bank put up additional financing of $5.72 million.

The program aims to assist in the economic and social recovery of conflict-affected and vulnerable areas of Mindanao, and at the same time improve governance standards.

The program helps development partners to pool resources and coordinate their support for the program.

The MTF also brings local government units to work with the Bangsamoro Development Agency (BDA), the development arm of the Moro Islamic Liberation Front, to deliver its own programs.

The on-going first phase of the program is focused on capacity-building and technical assistance, including learning-by-doing activities in conflict-affected barangays through the implementation of community and local sub-projects.

The second phase involves a scaled-up implementation of the rebuilding program and continued provision of technical assistance, and capacity building.

As of September 2016, half a million people in 225 villages have benefited from 379 completed sub-projects under the MTF, according to World Bank data. — Elijah Joseph C. Tubayan

Globe rolls out GCash in Davao City malls

 

MYNT, a financial technology start-up wholly-owned by Globe Telecom, Inc., recently rolled out GCash in some of the biggest shopping malls in Davao City, including Ayala Abreeza Mall, SM Lanang, and NCCC Mall with more than 50 participating establishments. Elvin A. Dayanghirang, account manager for Business Development in Mindanao, told media that all malls in the city will eventually be covered by the smartphone-based payment system. “GCash is the leading micro payment service that essentially transforms smartphone into a wallet for a secure financial transaction. It has multiple services: buy load, pay bills, send money, book a movie, shop online and now even shop offline,” said JM Aujero, head of Merchant Solutions. Mr. Aujero said Mynt aims to enable the “financially underserved” consumers. “Devices are very expensive and for students, they can’t afford to get approved for credit cards so they are our major segment,” said Mr. Aujero, adding that their main target market are those in the 18 to 35-year-old bracket. He said that there is a big opportunity for mobile financial access as 40% of Filipinos don’t have access to banks and yet at least 33 million Filipinos have smartphones. — Maya M. Padillo

No PSE trading on Dec. 26, Jan. 2

THERE WILL BE no trading on the days after Christmas and New Year, following the announcement of work suspension of government offices on those days.

In a memorandum circular released late Tuesday, the Philippine Stock Exchange announced it suspended trading for Dec. 26 and Jan. 2, aside from Dec. 25 and Jan. 1, which both fall on a Monday.

This follows Malacañang’s declaration that aside from Christmas Day and New Year’s Day as regular holidays, government work will also be suspended on Dec. 26 and Jan. 2.

“In order to give the employees of the government full opportunity to celebrate the holidays with their families and loved ones, work in government offices and government-owned and controlled corporations, government financial institutions, state universities and colleges, local government units, and other agencies and instrumentalities is hereby suspended on 26 December and 2 January,” according to Malacañang memorandum circular no. 37. — Arra B. Francia

Passenger train on new route derails in Washington state, killing at least 3

DUPONT — An Amtrak train derailed on Monday during its inaugural run on a faster route from Seattle to Portland, Oregon, sending passenger cars tumbling from a bridge onto a major highway, killing at least three people and injuring more than 70.

Thirteen of the train’s 14 cars jumped the tracks near the town of DuPont, Washington State Patrol spokeswoman Brooke Bova said. Amtrak said there were 86 aboard, 80 of them passengers.

Five vehicles and two trucks were involved in the accident, and the highway was littered with fragments of the bridge and tree branches. Some motorists were injured but none died, authorities said.

“We have been told there are three casualties at this time,” Bova told a news conference, adding about 100 people were taken to nearby hospitals. Ten people have serious injuries and dozens have been released, the Washington State Patrol said.

She said all the train cars had been searched. The state patrol has turned over the investigation to the US National Transportation Safety Board (NTSB), whose members were on the scene.

One aspect of the situation likely to be in focus is the speed at which the train took a curve leading up to the bridge.

Geoff Patrick, a spokesman for Sound Transit, which owns the track, said it had recently been upgraded to handle passenger trains, from its prior use for slow-moving freight trains. The curving stretch of track where the accident took place had a speed limit of 30 miles per hour (48 kph), Mr. Patrick said.

Several hours after the 7:34 a.m. (1534 GMT) crash, train cars remained dangling from the overpass, with others strewn across Interstate 5, a major West Coast route stretching from the Canadian to Mexican borders.

Cranes have been brought in to remove the carriages.

“It was just a scene of chaos and piles of twisted metal,” said Ted Danek, administrator for the city of Dupont who visited the site.

Some of those on board escaped by kicking out windows, passenger Chris Karnes told news outlet KIRO 7.

“All of a sudden, we felt this rocking and creaking noise, and it felt like we were heading down a hill,” Mr. Karnes said. “The next thing we know, we’re being slammed into the front of our seats, windows are breaking, we stop, and there’s water gushing out of the train. People were screaming.”

The derailment happened on the first day Amtrak trains began using the new inland route between the Washington cities of Tacoma and Olympia, part of a $181-million project to cut travel time, according to an October news release from the state’s transport department and Amtrak.

The rerouting takes trains along I-5, enabling them to reach speeds of 79 miles per hour (127 km per hour).

It was not immediately clear whether the derailment was connected to the new route. An NTSB member told reporters it was too early to say what may have caused the crash.

The state transportation department said the track had undergone “weeks of inspection and testing” before Monday.

‘CARS EVERYWHERE’
A train crew member told an emergency dispatcher the train came around a corner before the bridge and then “We went on the ground,” according to an audio recording posted by Broadcastify.com.

Asked whether everyone was OK, the crew member replied, “I am still figuring that out. We got cars everywhere and down onto the highway.”

Amtrak’s co-chief executive, Richard Anderson, declined to speculate on the cause. He confirmed that positive train control (PTC), a system that automatically slows trains if they are going too fast, was not installed on the tracks.

By law, PTC must be installed on all passenger rail systems by 2018, a deadline that has repeatedly been delayed after rail agencies said implementation was more complicated than anticipated. Sound Transit commuter line, which owns the track, reported in September that it did not yet have PTC in operation.

US President Donald J. Trump said the crash illustrated the need for infrastructure improvements.

The derailment was Amtrak’s second in Washington state this year. On July 2, a southbound train with more than 250 people aboard derailed in the town of Steilacoom, just a few miles north of Monday’s derailment. No serious injuries were reported.

In May 2015, an Amtrak train derailed in Philadelphia, killing eight people and injuring more than 200. The NTSB concluded the driver became distracted by radio transmissions and lost track of where he was.

An Amtrak train traveling from New York in April 2016 hit a backhoe working on railroad tracks in Chester, Pennsylvania, killing two maintenance workers and injuring 41.

That crash prompted criticism from the NTSB about Amtrak’s safety record. Amtrak said last month it had made numerous reforms. — Reuters

Two-jersey legend

Yesterday was rather a special day in the National Basketball Association (NBA) as one its greatest players and biggest stars in the last two decades was feted with a jersey retirement.

Kobe Bryant, Los Angeles Lakers superstar and legend, had his jerseys (Yes, two jerseys!) hoisted to the rafters by the lone team he played for in a 20-year, Hall-of-Fame career in ceremonies held at the Staples Center.

It marked the first time in the NBA that a player’s jerseys were honored in such a way, which speaks volume of the legacy that Bryant left in The Association.

That the Lakers decided to retire Bryant’s number 8 and 24 jerseys is hardly surprising for I do not see how one would go about it any other way.

Bryant in “Crazy 8” and as “The Black Mamba” are in equal parts legends through and through.

The numbers and achievements say it all.

Sporting the number 8 from 1996 to 2005, Bryant scored 16,777 points, winning three titles and named an All-Star eight times.

In number 24 from 2006 to 2016, he scored 16,866 points, had two NBA titles, named league most valuable player (2008) and was an All-Star 10 times.

Along the way, through his tremendous work ethic to go along with his innate talent, he inspired a generation of ballers, many of whom are already stars in the NBA and have not hidden their admiration for the Laker legend.

Having had the chance to follow his career as a fan from his early days as a Laker off Lower Merion High School all the way to his final game in April in 2016 where he capped his NBA journey with 60 points, I would say it was a privilege and an honor to see his legend develop.

Though I admired Bryant in both number 8 and 24, I would say I liked the latter version more.

While in his early years Bryant impressed with his do-it-all and jaw-dropping ways on the court, under the Black Mamba he really solidified his standing as one of the best in the NBA, which I really digged.

Bryant was the cerebral one in number 24 who dominated games not so much on his physical abilities but more on mental aspects, which was a gem to watch.

Maybe me being an older fan around that time had something to do with it but there was no denying he showed tremendous evolution as a player as the Black Mamba which summed up what he was as a player and, ditto, a legend.

Having his jerseys retired, Bryant is very deserving of the honor. Thanks for all the great moments in league history, Kobe. One of the best ever, bar none.

 

Michael Angelo S. Murillo has been a columnist since 2003. He is a BusinessWorld reporter covering the Sports beat.

msmurillo@www.bworldonline.com

Dashboard (12/20/17)

Luis Gono
Luis Gono gets a victory lift from Tuason Racing School teammates.

Tuason Racing wins PHL endurance title

LUIS GONO led the Tuason Racing School (TRS) team in taking the overall title in the Philippine Endurance Challenge held Dec. 3 at the Clark International Speedway.

Mr. Gono, the first champion in the Toyota Vios Cup, competed in the eight-hour motor race along with teammates Bjorn Ongtiaobok, Ferdie Ong, Louis Ramirez and Mike Tuason. Mr. Gono was drafted in the team by TRS President JP Tuason.

The team campaigned a Formula V1 Spec race car powered by a 1.5-liter engine from a Toyota Vios.

“Our car was not designed for endurance racing. We had to really push hard every time we refueled because our gas tank only holds 20 liters,” Tuason said, noting that the team’s manager, Miguel Ramirez, had to use a strategy in which fuel consumption can be managed most efficiently.

“Since Luis was the fastest in the team, we had to tweak the car to suit his driving style,” the TRS head said.


75 technicians graduate from Toyota school

THE Toyota Motor Philippines School of Technology (TMP Tech) announced 75 new technicians have graduated from its flagship two-year Toyota General Job (GJ) Automotive Servicing Course. The latest batch brings to 710 the number of TMP Tech graduates since the school opened in 2013.

The school said the new graduates are “now fully equipped to join Toyota’s network of after-sales service professionals” after undergoing workshop simulations at TMP Tech and extensive on-the-job training at local Toyota dealers.

Toyota has 62 dealerships in the Philippines (including Lexus Manila).


Isuzu Santa Rosa starts full operations

ISUZU Gencars Santa Rosa, partially open since last year, on Dec. 17 started full operations as a dealership.

The dealership located on Tagaytay Road in Santa Rosa City has a showroom for 10 vehicles, including Isuzu’s big trucks. It is a part of the ALC Group of Companies that has interests in automotive, insurance protection, media, pre-need assurance, banking and finance, security, hotels and real estate. The Santa Rosa facility is the 10th dealership of Gencars, Inc.

“We are grateful for the partnership with Gencars, Inc. Its dealerships are vital to the growth of Isuzu brand in the country… and for a long time has been carrying the essence of what the Isuzu brand is about,” said Hajime Koso, president of Isuzu Philippines Corporation, during a program that marked Isuzu Gencars Santa Rosa’s opening.

Just heard it

Media sometimes present stories based on unconfirmed reports and anonymous sources. Even accusers who file cases in court can rely on something they heard but have no personal knowledge of. This “aural tradition” of getting second-hand information feeds the rumor mill.

Anybody can concoct a scenario, say on the real beneficiaries of the vaccination program (Clue: not the vaccinated) or speculations on the possible reversal of election results.

We need only to follow the information pipeline of a listed company stock to see how hearsay can drive the price. The company itself may drop hints of a possible acquisition by the ubiquitous mogul from the south who’s been snapping up cafeterias — it’s too soon to make anything of the ongoing conversations with interested parties. In time, the conversation goes nowhere and the balloon loses its helium.

The “heard mentality” is particularly fertile in business. While hype is frowned upon, hearsay is not covered by any rules, and can propound undocumented claims of how the pre-listing price is doing. (It is never lower than the IPO price.) Legitimate research organizations disclose the assumptions for their recommendations. They can even question official projections of next year’s revenues used as basis for the PE ratios determining the IPO price.

The routine use of intermediaries in disseminating unfounded news (now simply called “fake”) borrows from social exchanges in non-corporate settings. Thus, an old-fashioned courtship relies on cousin or friend to get information on and entry into the world of the intended. This kind of date-gathering (or stalking) is made easier with the social media. Influence peddling is but another variant of the intermediary route. Mistresses and assorted relatives are routinely used to gain access to favors.

Barbara Tuchman, the historian (The Guns of August, Distant Mirror) says that hers is an exacting discipline.

In her essay on history, she espouses the importance of documentation rather than rumor in establishing her narrative interpretation of historical events. Even the weather which provides the setting for a battle or a diplomatic meeting is not flimsily established. More than one eyewitness account is used, and preferably, actual meteorological documents.

The problem with hearsay involves the reliability and objectivity of the source and an appropriate context for the opinions expressed.

Business reporting too suffers from this form of hearing impairment. Because journalists themselves may suffer from a lack of economic literacy, they may report on financial performance and business prospects by completely ignoring balance sheets and industry trends. Instead, they deal more with the easily understood (and heard) parts of a business story. These involve the human angles of rivalry and falls from power, even protected executives in fraud cases due to amorous ties with higher-ups.

It is easy to test this theory of the heard mentality. One only has to list down the news of the day he has gathered. He can then check his source. They will easily fall into the following categories: 1) It was a topic in a breakfast meeting where somebody overheard something significant; 2) It was picked up from the car radio while stuck in traffic, with the commentator having strong feelings about it, pounding the table a number of times; or 3) It was Topic A at the gym from somebody’s personal trainer.

Even if one has actually read the morning papers, most of what he finds there includes press releases, spins, and personal opinions. The authority cited is unnamed, with a quote not made for attribution from a person close to an official. Even then, reading habits indicate that most people only read headlines and maybe the first few paragraphs of the story. Seldom do they chase the details into the jump page where the caveats and qualifications are hidden.

In checking if a story is true, most are content with the ultimate test for accuracy — “I heard it from a reliable source.” This penchant to rely not on facts but opinions and theories heard or overheard can sound amusing to anyone until he finds himself the topic of the rumor mill… where denials seem to fall on deaf ears.

 

A. R. Samson is chair and CEO of Touch DDB.

ar.samson@yahoo.com

Top K-pop star found dead in apparent suicide

SEOUL — A lead singer of SHINee, one of South Korea’s top K-pop boybands, died on Monday, police said, in what appears to be a suicide.

Kim Jong-Hyun, 27, was found unconscious at a Seoul hotel by police after sending his older sister several text messages suggesting suicide, police said.

The messages read “This is my last farewell,” “Things have been so difficult,” “Please let me go and say I did a good job,” prompting his sister to make an emergency call to the police.

Kim was pronounced dead shortly after being moved to a hospital, police said, adding a coal briquette was found burning on a frying pan in the room.

Burning coal briquettes, which release carbon monoxide, is a common method of suicide in South Korea, which has one of the world’s highest suicide rates.

The five-member SHINee are one of the best-known K-pop acts globally and have enjoyed a huge following across Asia and beyond since their debut in 2008.

Known for powerful dance songs and well-orchestrated choreography performed with military precision, the boyband topped the US Billboard World Albums chart several times.

Kim released in 2015 his first solo album that reached number one on the Billboard World Albums chart. He also performed at solo concerts in Seoul last week.

His death sent shockwaves through K-pop fans with social media flooded by messages of mourning.

Photos posted on social media showed throngs of fans standing in front of the Seoul hospital where his body lies.

“SHINee was one of the very first K-pop groups I ever became a fan of and it hurts to think that this is real. Rest in peace,” said one fan on Twitter.

“No words can describe how heartbroken I am… Rest in peace, Jonghyun,” another tweeted.

South Korean pop culture has conquered a large part of Asia over past decade with its K-pop stars topping charts across the region and its TV dramas enjoying huge popularity. — AFP

Thai junta says it will lift ban on politics, paving way for 2018 general election

BANGKOK — Thai Prime Minister Prayuth Chan-ocha said on Tuesday he would use a special order that gives the military sweeping powers to lift a ban on political activity that has been in place since a 2014 coup, paving the way for a 2018 general election.

Major political parties had urged the government for months to lift the ban to allow parties to prepare for the vote and the announcement won some applause from government critics.

Mr. Prayuth, who is also head of the junta, has said that Thailand will hold an election in November 2018 — news that was largely welcomed by investors in Southeast Asia’s second-biggest economy.

“The government will have to use Article 44 to solve this problem (political activity deadlock),” Mr. Prayuth told reporters, referring to a constitutional clause that grants the military absolute powers.

Mr. Prayuth did not say when the order would take effect.

According to the usual procedure, executive orders must be published in the Royal Gazette before they can become law.

Thanawut Wichaidit, spokesman for the red-shirt United Front of Democracy Against Dictatorship which opposes military rule and has made statements critical of the junta, said the announcement was “the first step for elections and democracy.”

“It’s definitely a good thing,” he said, adding that the junta should also lift a ban on public gatherings.

The military has been running Thailand since the May 2014 coup when it ousted the civilian government of Prime Minister Yingluck Shinawatra, ending years of political turmoil, including pro- and anti-government street protests.

A coup in 2006 ousted Yingluck’s brother, former Prime Minister Thaksin Shinawatra, whose supporters have dominated the polls since 2001.

The 2014 coup saw some Western countries downgrade ties with Bangkok. Earlier this month, the European Union said it would resume political contact “at all levels” with Thailand after putting relations on hold.

That announcement came after Mr. Prayuth said in October that a general election would be held next November. — Reuters

Historic jersey retirement

Contrary to speculation, the Warriors did not help the Lakers celebrate the day of Kobe Bryant’s jersey retirement by showing up at the Staples Center extremely shorthanded. As hoops habitues know only too well, the absence of starters Steph Curry, Draymond Green, and Zaza Pachulia and vital cog Shaun Livingston weakens the cause of the defending champions, but not to the point where they’re no longer considered favorites to win; after all, they still have former Most Valuable Player Kevin Durant and three-time All-Star Klay Thompson on the marquee. In this regard, it bears noting that, heading into the set-to, they possessed a season-high eight-win steak, one that not coincidentally began against the Lakers on the very same floor late last month.

In any case, Bryant couldn’t have cared less about the outcome of the contest, and not just because the ceremony sending his two uniforms to the rafters occurred at halftime. If anything, the match was a distraction; fans lined up at entrances as early as seven hours before tip-off to see him and not the plodding Lakers. And the same went for the myriad celebrities courtside, who wound up with a RoboJam Special Edition Box for their efforts. Everybody who was anybody milled about even as, outside, Kobeland — complete with an appropriately themed ferris wheel — was packed.

Indeed, the Lakers pulled out all the stops for Bryant, who became the only player in National Basketball Association history to have two numbers retired by a single franchise. Fittingly, they were unveiled closest to the court, in the third row of the immortalized greats, on either side of play-by-play legend Chick Hearn’s microphone. And, fittingly, they represent the last vestiges of an era populated by no-conscience midrange gunners.

Bryant, to be sure, would have thrived under any circumstance. Were he plying his trade today, he would no doubt have developed a far more reliable three-point shot, perhaps even found reason to play with more efficiency. That said, he would still have done things the way no other contemporary could, or — to be more precise — could dare. Which, in a nutshell, is why he stands apart, even among his so-called peers.

 

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.

Shares decline anew ahead of TRAIN enactment

THE MAIN INDEX yesterday failed to sustain the prior session’s gains, as investors awaited President Rodrigo R. Duterte’s signing of the ratified tax reform bill that came only minutes after the market’s close.

The 30-member Philippine Stock Exchange index (PSEi) lost 0.67% or 56.86 points to 8,365.96 on Tuesday. The all-shares index was also down by 0.15% or 7.65 points to 4,902.14.

“Investors were anxious awaiting developments brought about by the ratification of the TRAIN or Tax Reform for Acceleration and Inclusion (TRAIN), which is the Duterte administration’s tax reform package. President Duterte signed this officially by the end of trading so the full reaction may be felt during the next trading period,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said.

With the signing of the first package of the tax reform program, the country will see a new taxation scheme starting Jan. 1. Highlights of the new program include higher take home pay for those earning up to P250,000 per year, higher taxes on cars, fuel, tobacco, cosmetic surgery, and sweetened beverages.

The first of five tax reform packages will generate P130 billion in revenues for the government, which will partially finance the Duterte administration’s P8-trillion infrastructure program.

RCBC Securities, Inc. equity analyst Jeffrey Lucero meanwhile attributed the market’s decline to window dressing, which is typical toward the year’s end.

“I think the decline has something to do with window dressing. If you noticed, the top decliners today TEL (PLDT, Inc.), JGS (JG Summit Holdings, Inc.), URC (Universal Robina Corp.) under-performed the PSEi on a year-to-date basis. So funds are probably getting rid of these under-performing stocks ahead of year-end reports,” Mr. Lucero said in a text message on Tuesday.

The property sector was the lone sub-index that gained, adding 0.19% or 7.38 points to close at 3,900.11.

Services led the day’s decline as it gave up 1.83% or 29.74 points to 1,594.36. This was followed by mining and oil, which lost 1.34% or 152.99 points to end at 11,202.22; financials ended 1.17% lower or 25.44 points to 2,143.77; industrials dropped 1.03% or 115.58 points to 11,089.73; while holding firms saw a 0.30% decrease or 25.81 points to 8,482.98.

A total of 1.56 billion issues valued at P6.87 billion changed hands, higher than Monday’s total value turnover of P5.66 billion.

Losers outpaced advancers yesterday, 116 to 89, while 47 names closed the trading session unchanged.

Net foreign selling on Tuesday stood at P186.94 million, slightly lower than Monday’s P196.2-million outflow.

Meanwhile, in Asia, Indonesian shares hit a record high on Tuesday with financials and consumer goods driving the gains, while Malaysian stocks were headed for a third straight session of decline. — Arra B. Francia with Reuters