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Allied Care Experts (ACE) Malolos Doctors, Inc. to conduct Annual Stockholders’ Meeting on July 29

 


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Robinsons Land eyeing to launch 2 residential projects in second half

GOKONGWEI-LED property developer Robinsons Land Corp. (RLC) will likely launch at least two new residential projects in the second half of the year, a company official said on Monday.

“We’ll probably launch one to three projects for the rest of the year, depending on the location,” said RLC Senior Vice-President and RLC Residences General Manager John Richard B. Sotelo on the sidelines of the Economic Journalists Association of the Philippines-San Miguel Corp. Economic Forum 2024.

Mr. Sotelo said the company is considering launching two to three towers in Cainta, Rizal as it has already launched four towers.

“So we’re thinking of launching maybe two to three more because demand has been very good. If we launch another one after that, we’ll see. Depends on how the market goes,” he said.

Mr. Sotelo said the company is considering launching two to three towers in Cainta, Rizal, having already launched four towers.

“Demand has been very good. If we launch another one after that, we’ll see. It depends on how the market goes,” he added.

He also said that RLC is optimistic about the prospects of the residential market following its sales performance of approximately P21 billion worth of projects launched in the past four months.

“We just launched the second tower of Le Pont last July 4… If you combine that with Mira, which we launched in April, we’ve already launched roughly P21 billion worth of inventory in the past four months,” Mr. Sotelo said.

“The market response has been good, which honestly, we expected to be good but not this good. Because, whatever you say, it’s still a high-interest-rate environment, and inflation is still a bit high, but the response has been quite good,” he added. — Sheldeen Joy Talavera

FMIC appoints Ocampo as president, director

FIRST METRO Investment Corp. President Antonio R. Ocampo, Jr.

FIRST METRO Investment Corp. (FMIC) has appointed Antonio R. Ocampo, Jr. as its new president and director effective July 1, it said on Monday.

Mr. Ocampo succeeds Jose Patricio A. Dumlao, who retired from the Metrobank Group’s investment banking arm on June 30 after heading it for four years, FMIC said in a statement.

“We are delighted to welcome Anthony Ocampo at First Metro. With Anthony’s extensive experience in investment and corporate banking and deep understanding of relationship management, we are confident that he can steer the company to achieve sustained growth and develop robust relationships with our clients,” FMIC Chairman Mary Mylene A. Caparas said.

Mr. Ocampo has over 30 years of experience in corporate and investment banking, FMIC said. He was previously president and director at ORIX METRO Leasing and Finance Corp., ORIX Rental Corp., and ORIX Auto Leasing Philippines Corp. He also led Metropolitan Bank & Trust Corp.’s (Metrobank) Corporate Banking group.

ORIX METRO is a joint venture between Metrobank and Japan’s ORIX Corp. that provides leasing and financing services for movable equipment.

Meanwhile, before he joined the Metrobank Group, Mr. Ocampo was Global Network Banking head at Deutsche Bank AG’s Corporate and Investment Bank group. He also had other relationship management roles at Deutsche Bank, International Exchange Bank, and Equitable PCI Bank, FMIC added.

FMIC’s listed parent Metrobank saw its net income rise by 14.45% year on year to P11.997 billion in the first quarter.

The bank’s shares climbed by 10 centavos or 0.15% to close at P65.10 apiece on Monday. — AMCS

Entertainment News (07/09/24)


BINI releases new single with Puregold

FILIPINO girl group BINI, known for their chart-topping hits, has released a collaboration with Puregold. The group took on the supermarket chain’s theme song, “Nasa Atin ang Panalo,” following a music video featuring local musicians SB19, Flow G, SunKissed Lola, and BINI themselves. “When we decided to feature and work with our country’s leading musical artists, we knew we had to collaborate with BINI,” Puregold President Vincent Co said in a statement. BINI is also set to be one of the main acts at Puregold’s Nasa Atin ang Panalo Thanksgiving concert on July 12 at Araneta Coliseum in Quezon City.


SB19 debuts on The First Take

POPULAR Japanese live music channel The First Take recently featured five-member Filipino boy group SB19. In the video, they performed their song “Gento,” which became a hit on TikTok for its addictive tune and memorable dance moves. As with all musicians who appear on the channel, they performed and recorded the song in a studio in one take, hence the series’ name. “It was a true first take, so we were very nervous and overwhelmed, but it was fun and an amazing experience,” the group said in a statement. The video can be watched on The First Take’s YouTube channel.


Barbie Almalbis drops avant-pop track

AFTER collaborating with indie-folk band Munimuni on the song “Tupa” and co-headlining the Mist Music Festival in Canada, Barbie Almalbis has unveiled a new sound with her latest track, “Desperate Hours.” Produced by La Ball’s resident arranger and studio whiz Nick Lazaro, the song serves as the first official single off Ms. Almalbis’ upcoming 5th studio album, to be released at the end of the year. It is a track taking after the avant-pop music of Bjork, Melanie Martinez, and St. Vincent, using unconventional guitar riffs and loose structures in the usual pop format. “Desperate Hours” is out now on all digital music streaming platforms.


Dixie Sheikhs to close Jeepney Jazz series

TO cap off this season’s Jeepney Jazz sessions, Dixie Sheikhs will be bringing playful mash-ups on July 13, 8 p.m., at the Ayala Museum in Makati. Presented by the Filipinas Heritage Library (FHL) in partnership with Purefoods Deli, the series of concerts centered on the uniquely Filipino jazz sound and will welcome the group’s Dixieland classics. The band’s repertoire will include famous tunes of early jazz in America and experimental and contemporary Filipino songs presented in the musical style of the 1920s and 1930s. Ronald Tomas, arranger and Dixie Sheikhs band leader, aims to draw parallels between the airwaves of pre-war Philippines and today’s Pinoy popular songs. Tickets — which are P1,500 for regular, P1,200 for students and Ayala employees, and P1,000 for seniors and PWDs — will include food and drinks and are now available at FHL’s website.


Belle Mariano releases EP ahead of sold-out concert

ACTRESS-SINGER Belle Mariano is back with a new extended play (EP) called BELIEVE, a collection of tracks about accepting one’s fate, overcoming pain, and making big dreams. It serves as a prelude to her sold-out concert of the same name happening on July 13. The mini album has five songs, all produced by StarPop label head Roque “Rox” Santos. While the concert will be at The Theatre at Solaire in Parañaque, fans can also catch a livestream via iWantTFC mobile app and website or through iWantTFC Tickets for P599. Joining Ms. Mariano as her special guests are Donny Pangilinan, Moira dela Torre, Denise Julia, and Martin Nievera. BELIEVE is out now on all digital music streaming platforms.


Spotify releases data on Filipino podcasters

MORE and more Filipinos are turning on their mics and bringing their ideas to life via podcasts, according to a recent study unveiled by music platform Spotify. It showed that “podfluencers” have come about from the growth of podcast creation and consumption in the Philippines. Podcast creators grew more than tenfold, with 72% of podcast consumption in the country coming from local shows, the platform said. Its study is now available to view online.


STAYC unveils debut full-length album

K-POP group STAYC has released their debut full length album Metamorphic, following their mini-album TEENFRESH in 2023. It is produced by Black Eyed Pilseung (B.E.P.), with the goal of capturing the six-member girl group’s vibrant energy and quirky musical energy. The title track, “Cheeky Icy Thang,” is set to a runway strut in the summer, setting the tone for the group’s album. Metamorphic is out now on all digital music streaming platforms.


Actor Kim Ji Soo debuts in PHL in Black Rider

KIM JI SOO, a South Korean actor, has made his Philippine debut as a cast member of GMA 7’s hit primetime series Black Rider. Known for his roles in popular K-dramas like Moon Lovers: Scarlet Heart Ryeo, Strong Girl Bong-soon, and My First First Love, the actor will portray Adrian Park, a half-Filipino, half-Korean professional killer. In the show, he displays his handgun skills alongside Yassi Pressman’s character, Vanessa Romero.


Hanabishi launches BT21 Mini Jumbo Fans

HANABISHI Appliances is set to release a Special Edition Mini Jumbo Fan Collection featuring the characters of BT21. BT21 is a new IP co-created by Line Friends and the K-pop group BTS. Rather than simply creating avatars of the physical appearance of the band, BT21 consists of eight different characters created by the members of BTS. Since its launch in 2017, BT21 has come out with varied products bearing the designs of the “BT21 Universe” Available in candy colors and featuring a different character for each fan, the Hanabishi special edition mini jumbo fans are not just practical but also collectible items. The cartoon characters — Koya, RJ, Shooky, Mang, Chimmy, Tata, and Cooky — will have their own seven-inch mini jumbo fan. All the fans have a three-speed option control, 90-degree tilt function, thermal fuse protection, powerful airflow, and turbine grill. Each fan will retail for P1,299. The Hanabishi special edition mini jumbo fans featuring BT21 will be available this month.

Allied Care Experts (ACE) Medical Center-Palawan, Inc. to hold Annual Meeting of Stockholders on Aug. 2

 


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The Philippines’ public debt stock and debt transparency

I am tackling two topics in this piece, so let us go straight to the numbers.

Our public debt is approaching P16 trillion.

Last week the Bureau of the Treasury (BTr) announced the public debt stock for May 2024. The actual debt was P15.35 trillion, 68% of it — or P10.44 trillion — is domestic debt. If guaranteed debt is included, our total public debt is P15.7 trillion.

I compared the numbers with those of recent years, all during May for consistency of comparison. The biggest increase in actual debt was P2.18 trillion from May 2020 to May 2021, or a 24.5% increase in just one year. There are two emerging trends.

One, there is a declining expansion in debt, from 24.5% in 2021 to only 13% in 2022 and 2023, and only 9% in 2024. This is good.

Two, there has been continued high expansion in external loans, with an average 18.4% annual increase from 2020 to 2024. We are borrowing more from the multilaterals (see Table 1).

The main cause of the continued expansion of our public debt despite high GDP growth is that National Government expenditures keep rising fast, and the high interest rates that push our interest payment even higher. For instance, the interest payment (principal amortization not included yet) of our public debt was P502 billion in 2022, P582 billion in 2023, and is projected to be P670 billion this year. The actual interest payment from January-May 2024 was already P321.6 billion, or an average of P64 billion/month. If this rate continues, our full year 2024 interest payment would be P770 billion, much larger than the P670 billion target. We need to grow 6-7% yearly so that revenues expand in step with GDP expansion.

Department of Finance (DoF) Secretary Ralph G. Recto noted the link between growth and fiscal targeting. At the Economic Journalists Association of the Philippines (EJAP)-SMC Economic Forum yesterday, July 8, Mr. Recto said that “Since fiscal goals are anchored to growth targets, setting high GDP targets amidst external headwinds risks a revenue shortfall. This would strain our deficit and potentially increase borrowing. But tempering these targets does not diminish our commitment to fiscal consolidation. Instead, it reflects a confident and conservative approach to fiscal policy-making.”

Department of Budget and Management (DBM) Undersecretary and Principal Economist Joselito R. Basilio agreed with this assessment and made an optimistic note that “The current trajectory, maturity profile, and currency mix of both debt level and Debt-to-GDP ratio remain consistent with the planned fiscal consolidation of the government. If macroeconomic conditions continue to improve, Debt-to-GDP ratio should peak in the next two to three years. Debt levels should peak within the decade.”

Very well, gentlemen. And I really wish that the economic team can persuade the Bangko Sentral to reverse and cut that behemoth of a high interest rate policy very soon. It is a cruel chain that is dragging money from our pockets to the National Treasury direct to the lenders.

PHILIPPINES TOPPED THE DEBT TRANSPARENCY REPORT
Also last week, the Institute of International Finance (IIF) released the “IIF 2024 Investor Relations and Debt Transparency Report.” The IIF is a global association of private finance and investment companies based in Washington, DC. Some 23 factors were considered in the report, and 50 countries were covered. The result is good — the Philippines ranked first in both Investor Relations (maximum score is 13) and Debt Transparency (maximum score is 50) components. Indonesia also scored high, but not the other ASEAN countries (see Table 2).

The DoF highlighted this in their website and social media press releases. Mr. Recto said that “It is very encouraging to see that the Philippines is setting a global benchmark in investor relations and debt transparency… Transparency is most important, especially regarding government debt. We release data regularly to clearly show the public where their taxes and our borrowings go.”

I agree that the Philippines is very transparent when it comes to budget and public debt data. I particularly like the DBM’s Budget of Expenditures and Sources of Financing (BESF) report that they submit to Congress yearly, usually in August. One table there, on “Budget sensitivity to macroeconomic parameters,” shows that a 1% increase in GDP growth can lead to a P33 billion increase in revenues and budget balance.

It is important to have sustained high growth, and an expansion in GDP size which should outgrow the expansion in public debt stock. And the Bangko Sentral should help by abandoning its high interest rate policy.

 

Bienvenido S. Oplas, Jr. is the president of Bienvenido S. Oplas, Jr. Research Consultancy Services, and Minimal Government Thinkers. He is an international fellow of the Tholos Foundation.

minimalgovernment@gmail.com

Priming Philippine property hotspots

PHILIPPINE STAR/MICHAEL VARCAS

(Conclusion)

THIS is the conclusion of my piece on the ideal property investment destinations outside of Metro Manila and Metro Cebu.

PAMPANGA: A SIZZLING AND ASCENDING INVESTMENT DESTINATION
Colliers believes that Pampanga is ripe for more property development  projects. This is already evident given the entry of national developers launching massive vertical and integrated communities. The development of more townships and infrastructure projects will likely further raise the attractiveness of new office, residential, and hotel projects in Pampanga. The completion of big-ticket infrastructure projects in the next 12 to 48 months such as the NLEX-SLEX connector, Central Luzon Link Expressway (CLLEX), and Manila Clark Railway should also partly lift land values and property prices in the province.

Pampanga is ready for more industrial park developments given the presence of the newly modernized and expanded Clark Airport. This should further be supported by a cargo rail project in the province and  nearby urban areas. Pampanga is part of central Luzon which remains an attractive hub for manufacturers and other industrial locators. In our view, the expansion of industrial space in central Luzon especially in Pampanga will only result in a more vibrant industrial sector in the region.

We see Pampanga retaining its stature as one of the most competitive and attractive property development sites in central Luzon. National developers have expansive projects in the province. Colliers sees more aggressive development outside of key areas such as Angeles, San Fernando, Mabalacat, and Porac. The province also continues to attract foreign firms planning to develop horizontal residential projects catering to a growing end-user market. Some of these foreign companies have expressed interest to firm up joint ventures with homegrown property players in Pampanga.

LAGUNA ENJOYING A GENEROUS SLICE OF PROPERTY INVESTMENT PIE
Colliers believes that Laguna remains an attractive option among investors and end-users who plan to live and invest in less dense communities, especially given its proximity to Metro Manila. Colliers sees the entry of national players further raising average condominium prices in Laguna. We are likely to see more developers further testing Laguna’s market for more upscale and luxury projects.

The growing residential demand in the province should be supported by the completion of major infrastructure projects such as the North-South Commuter Railway, NLEX-SLEX Connector Road and Cavite-Laguna Expressway (CALAX).

BATANGAS’ SHARP AS A RAZOR ABILITY TO CAPTURE PROPERTY INVESTMENTS
Residential demand  should  be supported by the further expansion of industrial activities in Batangas. Industrial take-up in Batangas is heavily driven by manufacturing companies particularly engaged in  electronics and packaging. The continued development of infrastructure projects around Southern Luzon especially Batangas  and stable inflow of industrial investments should raise residential land and property values in the province.

In our view, Batangas is viable for more masterplanned projects. Several developers are looking at the province not just for horizontal but also for vertical residential projects. The expansion of industrial activities in the province should further stoke interest in Batangas’ property landscape.  Developers should explore the viability of launching golf communities in the province.

BACOLOD: VISAYAS’ PROPERTY SWEETSPOT
Bacolod City is attracting national players and we see this resulting in the development of more township developments and a further expansion of the city’s residential stock. The entry of national developers is also raising the prices of vertical projects, indicative of property firms’ confidence in the purchasing power of Bacolod city’s investors and end users.

Developers should further assess Bacolod market’s reception for upscale projects, especially in light of newly launched residential towers by national developers. In our view, property firms are likely to further test the market by introducing new investment products (i.e., condotels, commercial lots, serviced apartments.)

Colliers believes that residential demand will also be supported by the development of integrated communities in the city. Bacolod should also benefit from the upcoming Panay-Guimaras-Negros Link Bridge. Construction  will begin in 2025.

CAVITE: A  PROPERTY DYNAMO
In our view, Cavite’s improving connectivity to Metro Manila as well as the aggressive launch of mixed-use communities should raise land and property values in the province and this is likely to compel developers to launch more upscale and luxury residential units.

Cavite is part of Region IV-A, one of the most progressive and dynamic regions in the Philippines. In our view, continued regional economic expansion, improving infrastructure network, and residents’ rising purchasing power should positively influence the appetite for upscale and luxury condominium units in Cavite.

 In our opinion, the completion of the LRT-1 Cavite Extension should boost residential  and leisure-related developments in the province. Once operational, the LRT-1 Cavite Extension is expected to cut travel time between Baclaran and Bacoor to 25 minutes from the current 1 hour and 10 minutes. The extension will also increase LRT-1’s capacity from 500,000 to 800,000 passengers daily.

ZAMBOANGA’S VIBRANT POTENTIAL
Colliers Philippines believes that the development of key cities outside of Metro Manila plays an important role in helping the government achieve inclusive growth. The development of vertical residential projects aside from the construction of the typical horizontal units also signifies a gradual shift in residential preferences, paving the way for a more diverse residential offerings in the market.

Zamboanga Peninsula’s economy grew by 7.8% in 2023, higher than the national growth. Meanwhile construction rose by 17.2% during the period, up from 13.1% in 2022 and after an 18.5% contraction in 2020. Given these indicators, developers should further explore Zamboanga’s viability for more residential projects. Zamboanga already features a condominium project. Property firms should be on the lookout for more development opportunities in the city beyond 2024.

 

Joey Roi Bondoc is the director and head of Research of Colliers Philippines.

joey.bondoc@colliers.com

PPA seeks bidders for P495.41-M Port of Balbagon project

PPA

THE PHILIPPINE PORTS Authority (PPA) said it is inviting bidders for the development of the P495.41-million Port of Balbagon, Camiguin cruise ship port. 

Interested parties may participate and bid for the construction of the Port of Balbagon, Mambajao, Camiguin cruise ship port by the end of month, PPA said.

The invitation to bid, available on the PPA website, states that any bids exceeding the approved contract amount will be rejected during the bid opening.

Eligibility is limited to bidders with prior experience in similar projects.

The selected contractor will have 720 days, or nearly two years, to complete the project.

PPA has scheduled a pre-bid conference for the project on July 16, with the bid opening slated for July 31.

Last month, PPA awarded a contract worth P743.98 million to Iloilo-based construction firm IBC International Builders Corp. for the construction of the Port of Alegria in Buruanga, Aklan.

PPA previously announced plans to enhance its port facilities, including the development of dedicated ports to bolster cruise tourism.

According to information on PPA’s website, the Ports of Currimao in Ilocos Norte, Salomague in Ilocos Sur, Manila, Bohol, and El Nido in Palawan are currently equipped to accommodate cruise vessels. — Ashley Erika O. Jose

Singapore is making life tougher for global talent

TUSIK ONLY-UNSPLASH

IT IS EMPLOYMENT PASS renewal season in Singapore, and the new regime is dominating the conversation at after-work cocktails on Fridays. From September, overseas employees on a work visa will need to fulfil the city-state’s new points-based system, and earn a minimum salary threshold to stay in their jobs. While this mirrors what happens in other countries, it risks turning foreign companies away, and could tarnish the nation’s image as a global business hub.

The program was announced in 2022 to assess an employment pass’s complementarity with the local workforce. Points are awarded for how a candidate’s salary compares to Singaporean peers, along with their education and skills, and whether their nationality improves the diversity of the firm. It puts the onus on employers to prove why they need to hire foreigners.

The government knows that catering to the local population on jobs is important. In 2020, resentment over foreign workers led to the worst showing since independence for the ruling People’s Action Party. It is undergoing the biggest leadership transition in its history, and elections are expected by the end of the year. The issue is a vote winner, a convenient political tactic that both the opposition and ruling party raise whenever polls come around.

Safeguarding jobs for citizens is not unusual. Many countries — including the UK and Canada — do this, to strike a balance between the foreign and local workforce. For many sectors, it makes sense to hire Singaporeans: The population is extremely well-educated and regularly scores among the highest in the world in math, reading, and science. It has historically struggled with instilling a culture of creativity in the exam-driven curriculum, but there are efforts to change that. Still, for a government that trumpets an open and free economy, the perception that it’s restricting jobs for foreigners, after a history of being relatively easy, could do more harm than good.

The new rules are more transparent, says Hsien-Hsien Lei, chief executive officer of the American Chamber of Commerce in Singapore, though she cautions that they have made it harder for US firms to find suitable candidates. “At times we do feel that the talent in Singapore may not be ready for senior level jobs,” she told me. “Those require different levels of exposure and specific skill sets. It’s a small country, with a limited and shrinking workforce.”

Data from AmCham’s 2023 Manpower survey supports this. The new framework provides predictability, certainty and transparency, the survey notes, but companies have expressed lower confidence and increased uncertainty about whether it will allow them to access the talent they need.

There are other factors to consider. The new regulations could have an impact on companies making the decision to set up their regional headquarters here, recruitment firms have told me. Singapore is also no longer a place where foreign talent can start or develop their careers, the way it used to be about a decade ago. Entry-level and the middle of the market jobs are being reserved for the resident population.

For many locals, this is a long overdue adjustment. Some have told me they have felt like second-class citizens in their own country, passed over for jobs they know they are capable of doing. There has been rising frustration with what is seen as a preference to recruit foreigners. Many want the government to implement policies that encourage hiring Singaporeans and see the new guidelines as way to address this discontent and growing income disparity.

The changes seem to be working. In the first quarter of 2024, employment growth for residents was higher than in previous quarters. Meanwhile, non-resident employment contracted for the first time since the third quarter of 2021, driven mainly by jobs in construction and manufacturing sectors.

It is a tricky balance for the government to get right — keeping the economy open, yet also helping the local workforce achieve their career aspirations. The Ministry of Manpower, in an e-mailed statement, pointed to the number of work permits that are available for foreign staff, including the Overseas Networks and Expertise (ONE) Pass, created for what it calls top talent. It also notes the number of people granted the permission to work has continued to grow, as has overseas investment and the number of foreign firms looking to set up regional headquarters.

The reality is that the government’s focus on foreign talent will soon fade. It is an easy fix for a ruling party that has enjoyed enviable political support over almost six decades since Singapore’s independence. Citizens could instead ask that their leaders address the higher cost of living, income inequality and a brutally competitive education system. The bogeyman of overseas talent may well win votes, but in the longer term it won’t fix fundamental issues within Singaporean society.

BLOOMBERG OPINION

Roxaco Land Corp. allocates P500M for phase 3 of Anya Villas in Tagaytay

ANYARESORTS.COM

ROXACO Land Corp., a wholly owned subsidiary of Roxas and Co., Inc., said it will allocate around P500 million to its Anya Villas project in Tagaytay.

“For phase 3 of Anya Villas, we are looking to spend roughly P500 million, and the target completion date is mid-2027 in a total of three years,” Roxaco Land and Anya Hospitality Group Hotels and Resorts President and Chief Executive Officer Santiago “Santi” R. Elizalde said in an e-mailed statement to BusinessWorld on June 24.

Anya Hospitality Group is the leisure unit of Roxaco Land.

This project marks the final phase of the 7.2-hectare Anya Resort Tagaytay and is set to launch within the next two months, Mr. Elizalde said in a separate interview.

The development will feature 17 independent villas, each occupying around 500 square meters.

The resort will offer unit owners the option to either keep their villas private or enroll them in a rental pool to generate a share of the revenues.

Currently, Anya Resort Tagaytay has an occupancy rate of 70%, although it has not yet returned to 2019 levels.

“Between March to about May, our occupancy levels dip a little bit, except for Holy Week. But now, they’re beginning to pick up again,” Mr. Elizalde said, noting that Tagaytay is not a beach destination.

“The residence is just to cater to a different market. Anya has been in existence now, like a resort for seven years, prior to that, the residential area, for about five years prior to the opening of the resort,” he said.

Mr. Elizalde said that feedback from customers indicated a preference for fully furnished villas to avoid the hassle of owning and maintaining a second home. — Aubrey Rose A. Inosante

Hitsujibungaku brings Japanese alt-rock to Manila

JAPANESE band Hitsujibungaku rocks out to “Eien no Blue.” — PHOTO BY BRONTË H. LACSAMANA

By Brontë H. Lacsamana, Reporter

Concert Review
Hitsujibungaku Live in Manila
July 6
Eastside Events Place

MANY people who enjoy Japanese music temper their expectations of ever seeing see their favorite musicians perform live outside Japan. After all, Japan’s music industry has long been self-sufficient, a large one catering to its own citizens and not much to outside fanbases (with the exception of J-pop groups).

What’s more is that the vast majority of people associate the genre with animé, for better or worse. J-rock bands usually get famous enough to perform overseas if they’ve made a song for an animé. It’s how they expand their reach to a global audience, making an Asia (or world) tour more likely.

For Japanese alternative rock band Hitsujibungaku, this exact path led them to hold concerts in Singapore, Malaysia, Hong Kong, and the Philippines this year.

With “Hikaru Toki” as the opening song of The Heike Story in 2022, and “more than words” as an ending theme for Jujutsu Kaisen in 2023 (this was their breakout hit), and the recent “Burning” as an ending theme for Oshi no Ko this year, it’s safe to say the three-piece band is now growing its audience at a rapid pace.

Their performance in the Philippines was held at Eastside Events Place at Sumulong Highway, Marikina, on July 6 — and the crowd was a delightful mix of longtime fans and those excited to hear the three songs plus more.

PREMONITION OF SUCCESS
For this tour, guitarist and vocalist Moeka Shiotsuka and bassist Yurika Kasai were joined by drummer Miku Onuki (from another J-rock band The Peggies), since their usual drummer, Hiroa Fukuda, went on a health break in May.

The three women started the concert with the gritty instrumental of “Yokan” (Premonition), the closing song of Hitsujibungaku’s 2022 album our hope. It’s a great track to encapsulate the band’s brand of nostalgia and shoegaze sensibilities, filled with dreamy vocals and hazy guitar feedback.

Perhaps the biggest highlight of the show was the phenomenal setlist. “Addiction” from their latest album, 12 hugs (like butterflies), kicked the heavy instrumentals into a more upbeat energy.

Then “Sabaku no kimi he” (To you in the desert) presented a more laidback, heartfelt melody, dedicated to those lost in the deserts of their life. A memorable moment is when it intensified into Ms. Shiotsuka and Ms. Kasai rocking out on their guitar and bass.

After the emotive “honestly” and the fun “GO!!!” from their recent album — which audiences sang along to at times — the two Hitsujibungaku members greeted the crowd.

Salamat, Manila (Thank you, Manila)!” was enough to charm Filipinos. Then the soulful “Burning” began, which further excited the crowd.

The first animé song of the night (and the grittiest of the three) saw the venue bathed in red light as Ms. Shiotsuka launched into the high-pitched tune amid heavy guitars.

In a previous interview, the band said that they never expected to gain success from providing music for animé, with those sorts of tie-ups usually requiring a mainstream J-pop sound over more alternative music.

“If anything, I thought we’d be picked up by live-action [shows] or movies instead,” said Ms. Kasai in a 2023 interview with Crunchyroll. “Animé has a lot of cool songs that get the adrenaline pumping. We produce a lot of low- or mid-tempo songs. It’s not something I’d imagined we’d be doing.”

But through their tour, the band would find that they can be celebrated for both their animé tie-ups and their alternative sound.

MORE THAN WORDS
Unbeknownst to many, Hitsujibungaku did a song for an animé film in 2021 called The House of the Lost on the Cape. Unlike anime series, only a handful of films of this genre become popular, but their songs are often wonderful.

“Mayoiga” was this song, and longtime fans in the crowd prompted the band by singing the opening notes while Hitsujibungaku took a short water break.

“Bikkurishita (I’m so surprised),” Ms. Shiotsuka later said, though they obliged and were delighted to play the song for their fans. With soft vocals and steady beats that later grew into a moving chorus, it was easily one of the night’s standouts.

(It was also this writer’s introduction to the band, when the track popped up in a Discover Weekly playlist on an April morning in 2022.)

After that, the band kicked into full gear and churned out fan favorite hit after fan favorite hit. The stage lights switched to a smattering of cool hues, which meant it was time for the powerful track “Eien no Blue” (Eternal Blue), another of this writer’s favorites.

Then came “more than words,” causing a collective gasp and cries of joy from Jujutsu Kaisen fans in the audience. Ms. Shiotsuka and Ms. Kasai were all smiles as they performed their crowd pleaser. It was followed by “Hikaru no toki” (When You Shine), another animé song that kept everyone pumped as the stage lights bobbed along with the upbeat tune.

The set ended with “FOOL,” a more recent, mid-tempo track that made for a great closing song — but everyone knew that wasn’t the end.

FULL OF WONDER
The band returned for an encore, as expected, with the audience hyping them up and cheering for them to come back to the stage.

Ms. Kasai held up a fluffy keychain in the shape of a sheep — one of the band’s merchandise. Hitsujibungaku literally translates to “sheep literature,” in the tradition of rock bands having nonsensical names. The fans have fully embraced the sheep imagery.

She threw the keychain into the crowd, with a lucky fan towards the back catching the prize. Then a few fans jokingly called out for the band to sing their cover of the theme song of children’s show, Shaun the Sheep (they did, in fact, release an official cover a month prior).

Their discography, now large and varied, has more gems to offer for a live show, but it made sense for the band to play more recent stuff.

Aimai de iiyo” (It’s okay to be vague) and “Wonder” were the last two songs of the night. The former, with its beautiful, earnestly sung vocals and tight instrumentals, was this writer’s third favorite of the night. The last song ended the night on a melancholy note, as Hitsujibungaku is wont to do.

The Rest Is Noise PH and Gabi Na Naman Productions are known for giving more indie local and Asian musicians a platform to perform in the Philippines. If this concert is any indication, they’re going in the right direction, pleasing listeners of certain niches, who definitely look forward to more in the future.

PHL, South Korea set 30,000 weekly seats for Manila-Incheon route

AIRASIA

LOCAL AIRLINES are expected to capitalize on the expanding tourism market between the Philippines and South Korea, following the recent bilateral air services agreement.

The deal allows an increase in the seat entitlements for flights between the two countries, the Department of Transportation (DoTr) said in a statement on Monday.

“AirAsia considers this opportunity as a strong indicator that outbound tourism is in its sustaining phase, being backed with the guests’ appetite for travel,” AirAsia Philippines said in a statement to BusinessWorld.

The low-cost airline said it will plan the seat entitlement increase by optimizing its current capacity and integrating it into its future flight expansion plans to South Korea.

To date, the airline operates daily flights to Seoul.

Under the new agreement, the Philippines and South Korea will have an additional 10,000 seats per week to 30,000 from an existing capacity of 20,000, the DoTr said.

“In this recent move to liberalize the exercise of third and fourth freedom traffic, the two countries agreed to set a 30,000 weekly seat capacity exclusively for the Manila to Incheon, vice versa route and to impose no limits on flights from Manila to all other points in Korea,” the department said.

Since 2017, flights between Manila and South Korea have been capped at 20,000 weekly seats each way, according to the DoTr.

The department added that flights between points outside Manila and all destinations in South Korea will remain unrestricted, as per the memorandum of understanding.

South Korea was identified as one of the top tourism markets for the Philippines since the pre-pandemic period. The continued travel recovery continued to boost travel demand with incoming Korean tourists reaching more than half a million or 682,362 in May alone. 

“The increase in capacity will be felt by the market once airlines take advantage of the opportunity to carry more passenger traffic between the capital cities of the two countries,” the DoTr said. 

Further, the DoTr said that the Philippines has proposed an amendment to the bilateral air transport agreement with South Korea, allowing the Philippines to designate its airlines on routes between the two countries.

“Though an agreement on the matter was not reached, the two delegations agreed to further discuss the same, along with Korea’s proposal to allow third country code-sharing arrangements, in the next round of consultations,” DoTr said. 

BusinessWorld requested comments from Cebu Pacific and flag carrier Philippine Airlines, but had not received a response by the deadline.

Meanwhile, Cebu Pacific is set to resume four domestic flights from Clark International Airport to strengthen connectivity for travelers from Luzon.

“This resumption underscores our commitment to offering greater accessibility to travelers from north and central Luzon and provide every Juan with more opportunities to discover the beauty and diversity of the Philippines, one destination at a time,” Cebu Pacific President and Chief Commercial Officer Alexander G. Lao said in a media release on Monday. 

Cebu Pacific said it will resume flights between Clark and Puerto Princesa starting on Oct. 2.

Additionally, flights between Clark and General Santos, and Clark and Iloilo will be reinstated on Oct. 21, while flights between Clark and Davao will commence on Oct. 22.

Upon the resumption of these routes, Cebu Pacific will operate flights to 10 domestic and international destinations from Clark.

The airline said that it also offers direct flights from Clark to Boracay, Cebu, Bangkok, Hong Kong, Narita, and Singapore.

Currently, Cebu Pacific operates flights to 35 domestic and 25 international destinations across Asia, Australia, and the Middle East. — Ashley Erika O. Jose