Home Blog Page 1523

China, South Africa agree to seek balanced trade, more investments

A GENERAL VIEW shows Beijing’s skyline on a sunny day in this file photo. — REUTERS

 – China and South Africa, whose top leaders met in Beijing, agreed to promote balanced trade and discussed boosting two-way investments between their industrial and commercial communities, a joint statement on Tuesday showed.

President Xi Jinping and his South African counterpart Cyril Ramaphosa met on Monday, ahead of the ninth forum on China-Africa cooperation. Both sides called Mr. Ramaphosa’s visit of “great significance” to the development of bilateral relations.

Mr. Ramaphosa had sought with Mr. Xi to narrow South Africa’s trade deficit with Beijing and review his country’s trade structure with China, petitioning for more sustainable manufacturing and job-creating investments.

China, the world’s second-biggest economy, is South Africa’s largest trading partner globally but the value of its imports from China far outstripped exports last year.

In the joint statement, China showed it was willing to uplift job creation, citing recruitment conferences for Chinese enterprises to promote local employment in South Africa.

The statement also mentions adding manufacturing bases near the source of relevant raw materials, and promoting transfer of technology and skills among their businesses.

China was also willing to share more of its experience in poverty reduction and rural revitalization, according to the statement published by the Chinese foreign ministry.

After the meeting, both countries signed numerous cooperation documents that included the application of a satellite navigation system, housing and settlement and export requirements for dairy products and raw wool from South Africa to China.

Both nations are looking to expand cooperation in renewable energy, energy storage, transmission and distribution, the statement said, adding that they will co-host a new energy investment conference to be organized by their chambers of commerce and associations.

But that document did not include any specific fresh investment or financing pledges.

In contrast, when the two leaders met in Johannesburg last August ahead of a BRICS summit, Chinese power companies committed to help upgrade South Africa’s nuclear power plants, extend the life of its coal-fired power stations, and set up transformer and solar PV panel manufacturing facilities across the country.

Then, Mr. Ramaphosa said Beijijng had extended a grant worth 500 million rand for the power sector, without giving timelines.

In Beijing, the two leaders also jointly called on the international community to support African countries in implementing the African Continental Free Trade Agreement, an FTA that would make up the world’s largest free trade area creating a single continental market for goods and services, helping Africa advance its integration. – Reuters

New Zealand nearly triples levy on international tourists

UNSPLASH

 – New Zealand will nearly triple entry fees for tourists, the government said on Tuesday, spurring criticism from the key tourism sector the higher levy will deter visitors.

The government said in a statement it would increase the international visitor and conservation and tourism fees starting on Oct. 1 to NZ$100 ($62.20) from NZ$35 to “ensure visitors contribute to public services and high-quality experiences while visiting New Zealand.”

Like many popular global tourism spots, New Zealand has struggled with the impact of tourists on the natural environment, with infrastructure stretched by the large numbers. The $35 fee was introduced in July 2019, but this was not sufficient to cover the costs associated with so many visitors.

The government said the fee was competitive and it was confident New Zealand would continue to be seen as an attractive visitor destination.

However, the country’s Tourism Industry Association believes the higher fees will discourage visitors, especially as the sector, once New Zealand’s biggest export earner, is still struggling to recover from strict border closures implemented during the COVID-19 pandemic.

“New Zealand’s tourism recovery is falling behind the rest of the world, and this will further dent our global competitiveness,” said Rebecca Ingram, the association’s chief executive.

Data from Stats NZ released earlier on Tuesday showed that travel export receipts for the year ended June 30 were at NZ$14.96 billion, down 5% from prior to the pandemic. Visitor numbers, according to the bureau, are roughly 80% of levels before the border closures.

The New Zealand government has also recently increased the costs of visitor visas and there is a proposal to increase charges on regional airports.

It is “a triple-whammy for our sector, which is trying to work hard for New Zealand’s economic recovery,” Billie Moore, NZ Airports chief executive, said. – Reuters

Philippine death toll from tropical storm Yagi rises to 13

(SEPT 2, 2024) Residents wade through heavy flooding along Felix Avenue and inner roads at the boundary of Cainta and Pasig City due to intense rain brought by tropical storm Enteng and the enhanced Habagat on Monday. The local police has commissioned dump trucks to transport stranded commuters along Felix Avenue. (PHOTO BY MIGUEL DE GUZMAN)

 – At least 13 people have died in the Philippines due to tropical storm Yagi, while schools and government offices were closed in Manila and nearby provinces on Tuesday because of expected bad weather.

Yagi, locally known as Enteng, made landfall on Monday in the eastern town of Casiguran in Aurora province, knocking out power in the municipality, disaster officer Elson Egargue said by phone.

As of 8 a.m. (0000 GMT), the centre of the storm was in coastal waters off the northern city of Laoag in Ilocos province, state weather agency Pag-asa said in a bulletin.

Yagi had sustained winds of 75 km per hour (47 mph) and was expected to move northwest over the South China Sea.

At least 7 people died in Antipolo, east of Manila, from landslides and drowning, officials said. Four were reported missing after a landslide and flash flood swept them away.

“Search and rescue is ongoing,” Antipolo disaster officer Enrilito Bernardo said by phone.

Fatalities were also reported in the country’s central provinces. Two died in Northern Samar due to a landslide, and one person drowned in Negros Oriental, officials said. Three people died in the eastern city of Naga, according to disaster officer Ernesto Elcamel.

Another two deaths reported in the central city of Cebu have not yet been officially confirmed as caused by the storm, according to a disaster officer who declined to be named.

The Philippines typically records an average of 20 tropical storms and typhoons annually. – Reuters

Kimchi no more? Climate change puts South Korea’s beloved cabbage dish at risk

STOCK PHOTO | Image by Dongtan Ko from Pixabay

 – South Korea’s famous kimchi is falling victim to climate change, with scientists, farmers and manufacturers saying the quality and quantity of the napa cabbage that is pickled to make the ubiquitous dish is suffering due to rising temperatures.

Napa cabbage thrives in cooler climates, and is usually planted in mountainous regions where temperatures during the key growing summer season once rarely rose above 25 Celsius (77 Fahrenheit).

Studies show that warmer weather brought about by climate change is now threatening these crops, so much so that South Korea might not be able to grow napa cabbage one day due to the intensifying heat.

“We hope these predictions don’t come to pass,” plant pathologist and virologist Lee Young-gyu said.

“Cabbage likes to grow in cool climate and adapts to a very narrow band of temperatures,” Mr. Lee said. “The optimal temperatures are between 18 and 21 Celsius.”

In the fields and in kitchens – both commercial and domestic – farmers and kimchi makers are already feeling the change.

Spicy, fermented kimchi is made from other vegetables such as radish, cucumber and green onion, but the most popular dish remains cabbage-based.

Describing the effect of higher temperatures on the vegetable, Lee Ha-yeon, who holds the designation of Kimchi Master from the Agriculture Ministry, said the heart of the cabbage “goes bad, and the root becomes mushy.”

“If this continues, then in the summer time we might have to give up cabbage kimchi,” said Ms. Lee, whose title reflects her contribution to food culture.

Data from the government statistics agency shows the area of highland cabbage farmed last year was less than half of what it was 20 years ago: 3,995 hectares compared to 8,796 hectares.

According to the Rural Development Administration, a state farming think tank, climate change scenarios project the farmed area to shrink dramatically in the next 25 years to just 44 hectares, with no cabbage grown in the highlands by 2090.

Researchers cite higher temperatures, unpredictable heavy rains and pests that become more difficult to control in the warmer and longer summers as the cause for the crop shrinkage.

A fungal infection that wilts the plant has also been particularly troublesome for farmers because it only becomes apparent very close to harvest.

Climate change adds to the challenges facing South Korea’s kimchi industry, which is already battling lower-priced imports from China, which are mostly served in restaurants.

Customs data released on Monday showed kimchi imports through the end of July was up 6.9% at $98.5 million this year, almost all of it from China and the highest ever for the period.

So far, the government has relied on massive climate-controlled storage to prevent price spikes and shortages. Scientists are also racing to develop crop varieties that can grow in warmer climates and that are more resilient to large fluctuations in rainfall and infections.

But farmers like Kim Si-gap, 71, who has worked in the cabbage fields of the eastern region of Gangneung all his life, fear these varieties will be more expensive to grow in addition to not tasting quite right.

“When we see the reports that there will come a time in Korea when we can no longer grow cabbage, it was shocking on the one hand and also sad at the same time,” Mr. Kim said.

“Kimchi is something we cannot not have on the table. What are we going to do if this happens?” – Reuters

 

 

US military says Yemen’s Houthis attacked two crude oil tankers in Red Sea

ISABELLA FISCHER-UNSPLASH

 – Yemen’s Iran-backed Houthi rebels attacked two crude oil tankers – the Saudi-flagged Amjad and the Panama-flagged Blue Lagoon I – in the Red Sea on Monday, the US military said, calling the assaults “reckless acts of terrorism”.

The Houthis late on Monday claimed responsibility for targeting the Blue Lagoon with multiple missiles and drones but did not make any mention of the Saudi tanker.

The US Central Command said the Houthis attacked the two tankers with two ballistic missiles and a one-way attack uncrewed aerial system, hitting both vessels.

Both vessels were laden with crude oil, with the Amjad carrying about two million barrels of oil, according to the US military statement, which described the attacks as “reckless acts of terrorism by the Houthis.”

Two sources told Reuters earlier that the ships were sailing near each other when they were hit but were able to continue their voyages with no major damage assessed or any casualties.

The Amjad’s owner, Saudi national shipping group Bahri, did not immediately respond to a request for comment. The supertanker has a maximum capacity of 2 million barrels.

The Greek manager of the Blue Lagoon I, Sea Trade Marine SA, was not immediately available for comment. The Suezmax tanker has a maximum capacity of 1 million barrels.

One of the sources told Reuters the Amjad was unlikely to have been directly targeted.

Saudi Arabia, the world’s top oil exporter, has watched with alarm as Houthi missiles have been fired over its territory to target ships in the Red Sea. Saudi Arabia has tried to extract itself from a messy war in Yemen and a destructive feud with the Houthis’ principal backer, Iran.

The Houthis first launched aerial drone and missile strikes on the waterway in November. They say they are acting in solidarity with Palestinians under assault in Israel’s war on Gaza that has killed tens of thousands, flattened most of the enclave and caused a humanitarian crisis following Palestinian Islamist group Hamas’ deadly Oct. 7 attack.

In more than 70 attacks, the Houthis have sunk two vessels, seized another and killed at least three seafarers.

The Joint Maritime Information Center, run by international naval forces to track Houthi attacks, said three ballistic missile attacks hit the Blue Lagoon I tanker on Monday 70 nautical miles northwest of the northern Yemeni port of Saleef.

The center “assesses that M/V BLUE LAGOON I was targeted due to other vessels within its company structure making recent port calls in Israel,” it said in a report.

“All crew on board are safe. The vessel sustained minimal damage but does not require assistance.” – Reuters

Animal Kingdom Foundation signs MOA with Benguet State University

The MOA shall commence the cage-free farm construction and open learning opportunities as well on layer hen welfare.

The Animal Kingdom Foundation (AKF) forged a memorandum of agreement with the Benguet State University (BSU) through the College of Agriculture Department of Animal Science (CA-DAS) and the University of Business Affairs (UBA).

This joint initiative with the State University is aimed to enable cage-free egg production in the region, thus opening an opportunity and access for cage-free egg availability in the future.

Both AKF and the BSU have committed themselves to establishing a research and demonstration farm for cage-free chickens at the Department of Animal Science laboratory farm.

Atty. Heidi Caguioa, AKF’s Program Director and proponent of the Cage-Free Movement in the Philippines, said, “This partnership will build the first cage-free farm in the University. BSU shall be the country’s first educational institution to have a true cage-free farm setup.”

BSU President Felipe S. Comila (left) and AKF’s Atty. Heidi Caguioa (right) as they open the signing ceremony for the MOA

Both AKF and BSU will work alongside to bring the farm to fruition. AKF will provide the expertise on cage-free production and the needed resources to build the farm. The UBA shall facilitate the management of the farm and CA-DAS will explore opportunities for research on hen welfare.

As Dr. Felipe Comila, BSU’s President, shared, “This is timely as BSU moves to a higher production but at the same time taking into consideration the welfare of animals and the environment.” He further said in his closing statement that we must “harmonize our connection with animals,” as the animals produce food for us.

This signing of the MOA came as a result that only started from a learning session about the hen welfare of AKF at BSU’s CA students through AKF’s campus tour seminars entitled Word From Hens in 2023. The discussions sparked an interest in how the university can adopt cage-free practices and eventually adopt this more humane and sustainable production.

The MOA signing was joined by the faculty of BSU and AKF officers.

On the other hand, this joint initiative shall also act as a model farm for soon-to-be cage-free egg producers in the region. As one of the model farm’s functions, it may provide technical support to the farmers. This shall also serve as a hub for people ranging from egg producers to procurement officers to gain firsthand access to a cage-free farm.

AKF pioneered the country’s first cage-free campaign six years ago, focusing on improving egg-layers’ welfare and living conditions. The call for the consumption of cage-free eggs inevitably increases demand. AKF recognized the necessity of increasing the production of cage-free eggs. Hopefully, this will entice more hotel and restaurant industries to start gradually switching their supply chain to cage-free eggs.

The MOA signing happened on Aug. 7 at the BSU’s RDC Hall. The MOA signing is witnessed by AKF’s Campaign Officers Tony Inting and Irven Bustamante; Dr. Norma P. Banania, Vice-President for Business Affairs; Dr. Ana Cris L. Langaoan, Director, Extension Services; Dr. Madeline S. Kingan, Faculty, and DAS; and Leo S. Laruan, Faculty DAS.

 


Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

Manufacturing growth steady in Aug.

The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) stood at 51.2 in August, the same reading in July. — REUTERS

By Beatriz Marie D. Cruz, Reporter

FACTORY ACTIVITY in the Philippines expanded at a steady pace in August amid a “modest” improvement in operating conditions, with firms ramping up production, S&P Global said.

The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) stood at 51.2 in August, the same reading in July.

A PMI reading above 50 denotes improved operating conditions from the previous month.

Manufacturing Purchasing Managers’ Index (PMI) of select ASEAN economies, August 2024“The Filipino manufacturing sector showed sustained and modest gains midway through the third quarter. Growth in output and new orders accelerated on the month, thereby highlighting improving demand trends,” S&P Global Market Intelligence economist Maryam Baluch said in a report.

“However, employment fell, and buying activity cooled, suggesting that manufacturers remain cautious about growth prospects,” she added.

Based on the latest PMI data, the Philippines had the second-highest reading out of five Southeast Asian countries, only behind Thailand (52). Meanwhile, Malaysia (49.7), Indonesia (48.9), and Myanmar (43.4) all showed contractions.

As of publishing time, there were no data on Vietnam and Singapore.

The headline PMI measures manufacturing conditions through the weighted average of five indices — new orders (30%), output (25%), employment (20%), suppliers’ delivery times (15%) and stocks of purchases (10%).

For the Philippines, S&P Global data showed that overall growth in new orders was the strongest in three months.

“However, demand from foreign customers faltered in August, as new exports sales fell for the first time since the start of the year. The data thus suggesting that demand was domestically driven,” it said.

The pace of production accelerated in August from the four-month low in July.

S&P Global noted growth in business requirements prompted manufacturers to increase purchasing activity in August, although the rate of increase was the slowest in five months.

“The slowdown in buying activity was reflected in a softer buildup of pre-production inventories held at manufacturers. The upturn was slight and the weakest in the current six-month period of accumulation,” it said.

Post-production inventories dropped for the first time since February after five straight months of stock building, it added.

Philippine manufacturers were hesitant to hire new staff in August, reversing the uptick seen in July.

“Contractions have now been noted in three of the past four survey periods. Moreover, the tenacity of goods producers to complete workloads efficiently, despite a contraction in workforce numbers, highlighted sufficient capacity,” S&P Global said.

Inflationary pressures eased in August as input costs rose moderately, it said.

“Selling prices for goods were raised at a softer and only a slight pace, indicating that firms are in part absorbing costs in a bid to boost sales and remain competitive,” it said.

There were still delays in input from suppliers, with vendor performance deteriorating for the fourth month in a row. However, S&P Global said the recent delays were the “least pronounced” since May.

“The (manufacturing) slowdown could partly be attributed to the ghost month, inclement weather that led to some work/production disruptions,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said.

Looking ahead, S&P Global said that Philippine manufacturers expect output to expand further in the next 12 months, with its PMI reading to likely stay well above the 50 mark.

However, the latest data showed a dip in the firms’ level of confidence.

“Confidence levels also waned in the latest survey period and hit a four-month low, further confirming that expectations surrounding the production outlook have softened,” Ms. Baluch said.

The central bank’s recent rate cut and expected easing in the fourth quarter are seen stimulating factory activity in the coming months, Security Bank Corp. Chief Economist Robert Dan J. Roces said.

“The Aug. 15 rate cut and the anticipated 25-basis-point (bp) reduction in the fourth quarter could positively impact purchasing activity in the coming months, as it may encourage businesses to invest in their operations, leading to increased demand for materials and supplies,” he said in a Viber message.

The Monetary Board cut rates by 25 bps at its August meeting, bringing the benchmark rate to 6.25% from the over 17-year high of 6.5%.

Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. has also said the central bank can cut rates by another 25 bps before yearend.

Lower borrowing costs may also boost consumer spending, increasing the demand for manufactured goods, Mr. Roces added.

Mr. Ricafort said that further policy easing by the Philippine and US central banks may lead to cheaper credit for manufacturers, and bolster trade and investment activity.

Markets are widely expecting the US Federal Reserve to begin cutting rates this month.

Delinquent companies can settle SEC fines at lower rates until Nov. 30

Ortigas business district — PHILIPPINE STAR/MIGUEL DE GUZMAN

By Revin Mikhael D. Ochave, Reporter

THE SECURITIES and Exchange Commission (SEC) has launched an incentive program that allows noncompliant and delinquent corporations to settle fines and penalties at “significantly” lower rates.

Applications for the Enhanced Compliance Incentive Plan (ECIP) can be submitted to the regulator until Nov. 30, the SEC said in an e-mailed statement.

The SEC issued Memorandum Circular (MC) No. 13 on the ECIP, which allows corporations that did not submit annual reports on time “to restore their good standing” by settling fines and penalties.

The new plan comes after more than 81,700 companies availed of the SEC Amnesty Program and complied with reportorial requirements in 2023.

“After the SEC amnesty program, the commission has strictly imposed higher revised fines and penalties to encourage strict and habitual compliance with reportorial obligations and good corporate housekeeping,” SEC Chairperson Emilio B. Aquino said.

“With the launch of ECIP, we are affording corporations under our supervision another opportunity to remedy their violations, at lower fees, and restore their good standing,” he added.

The ECIP covers unassessed and uncollected fines and penalties for violations such as the late and non-filing of general information sheet (GIS) for the latest and prior years, as well as the late and non-filing of annual financial statement (AFS).

It also applies to corporations that have failed to designate and submit their official and alternative e-mail addresses and mobile phone numbers as required under MC No. 28.

Under the ECIP, noncompliant and delinquent corporations could settle their unassessed or unpaid fines and penalties for P20,000. This rate will apply only if the corporation or entity will submit the latest reportorial requirement due and comply with MC No. 28.

Noncompliant corporations refer to those that have not submitted their GIS and AFS intermittently or consecutively in previous years.

Corporations are deemed delinquent if they fail to file their AFS or GIS three times, consecutively or intermittently, within a five-year period.

The ECIP also covers suspended and revoked corporations, including those with pending petitions for the lifting of the suspension or revocation order issued against them. They only need to settle 50% of the assessed fines and pay a petition fee of P3,060.

Entities that are excluded from the ECIP include corporations whose securities are listed on the Philippine Stock Exchange (PSE); whose securities are registered but not listed on the PSE; considered as public companies; with intra-corporate dispute; with disputed GIS; with expired corporate term; and those covered under Section 17.2 of Republic Act No. 8799 or the Securities Regulation Code.

However, the SEC cautioned that payment of the ECIP fee does not mean that corporations are automatically “compliant” since they still need to submit supporting documents.

Noncompliant and delinquent corporations need to submit their latest AFS, as well as their official and alternate e-mail addresses.

For suspended or revoked corporations, they should submit a petition to lift the order of suspension/revocation of certificate of registration, the latest due AFS and GIS, secretary’s certificate of no intra-corporate controversy, latest mayor’s or business permit, certificate of Bureau of Internal Revenue registration, as well as comply with MC 28.

“Should an applicant-corporation fail to submit the complete set of requirements within the prescribed period, the ECIP fees, as well as the initial petition fee of P3,060 applicable to suspended and revoked corporations, shall be forfeited,” the SEC said.

Interested corporations can apply for the ECIP through the SEC’s Electronic Filing and Submission Tool (eFAST).

“This would be effective if more companies comply. It also helps on the direction of maintaining good standing and improving reputation to the investing public since compliance signals good business practices,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message after being asked for comment.

COL Financial Group, Inc. Chief Equity Strategist April Lynn Lee-Tan said in a Viber message that the ECIP could help boost compliance among corporations.

However, Ms. Tan said that the process would be difficult for small companies that are interested in availing of the ECIP, citing the number of supporting documents that should be submitted.

“One of the potential problems with this is that the companies will still take steps to avail of the incentive, in which some may encounter challenges,” she said.

“All companies have requirements to file documents with the SEC. It is a hassle to get these for some companies, especially the small ones. If I’m a small company, I still have to hire a lawyer and an auditor,” she added.

Regulator eyes collection of green energy auction allowance

A man inspects solar panels in this file photo. — PHILIPPINE STAR/EDD GUMBAN

By Sheldeen Joy Talavera, Reporter

THE ENERGY Regulatory Commission (ERC) is looking at collecting a green energy auction allowance (GEA-All) from on-grid consumers once the awarded renewable energy (RE) projects start supplying power to the grid.

The ERC has released proposed guidelines on the collection of GEA-All and disbursement of GEA-All Fund. The rules cover emerging RE resources such as solar photovoltaic, biomass, wind, run-of-river hydro, as well as on-grid areas under the GEA program.

“It’s for the collection of the amounts to be paid by consumers to GEA suppliers to be collected by DUs (distribution utilities) for remittance to TransCo (National Transmission Corp.), similar to the… FIT-All (feed-in tariff allowance),” ERC Chairperson and Chief Executive Officer Monalisa C. Dimalanta said in a Viber message.

Ms. Dimalanta said that GEA-All would be a “new collection once these GEA suppliers start supplying power.”

The FIT-All is a uniform charge billed to all on-grid electricity consumers, as a separate line item in a monthly electricity bill, to cover payments to RE developers under the FIT system.

Similarly, GEA-All will be calculated annually and will be charged to on-grid consumers who are supplied with electricity through the distribution or transmission network.

The allowances that will be collected will be remitted to the GEA-All Fund, which will be established and administered by TransCo.

“These collections shall be held by a government financial institution designated as the trustee of the GEA-All Fund, for the sole and exclusive benefit of the GEA plants as beneficiaries, except for amounts allocated to the administration allowance and disbursement allowance,” the regulator said.

The ERC said that a working capital allowance should be established and collected to serve as a buffer “to address any default or delay in the collection and/or remittance of the GEA-All and/or ACRR (actual cost recovery revenue).”

The GEA program aims to promote RE as one of the country’s primary sources of energy through competitive selection. RE developers compete for incentivized fixed power rates by offering their lowest price for a certain capacity.

The green energy auction was first conducted in 2022 and attracted 1,966.93 megawatts (MW) worth of bids for renewables, while GEA-2 was held in 2023 and awarded 3,440.76 MW.

Sought for comment, Pedro H. Maniego, senior policy advisor of the Institute for Climate and Sustainable Cities, said that the proposed GEA-All rules are mainly based on the rules prescribed for FIT-All.

He said that ceiling prices set by the ERC are usually lower than prices at the Wholesale Electricity Spot Market (WESM), the trading floor of electricity.

“Note that even the FIT rates, which were considered high in 2013 and 2015, actually lowered the electricity prices by reducing WESM prices,” he said in a Viber message.

“The installations entitled to GEAR (green energy auction reserve) prices will provide more supply and moderate spot market prices especially during peak demand periods,” he added.

Terry L. Ridon, a public investment analyst and convenor of think tank InfraWatch PH, said that the GEA is an “acceptable market-driven mechanism to reflect the least cost of power to benefit consumers.”

“This should encourage RE developers to continue investing in the country’s remaining RE allocation, as GEA-All sets the clear mechanism towards cost recovery and stable operations,” he said in a Viber message.

“The regulator, however, should continue monitoring price changes and technological innovation within the sector in order to continuously reflect the least cost of power,” he added.

The Department of Energy (DoE) is set to conduct two rounds of green energy auctions this year.

It is preparing to offer an estimated 4,399 MW of capacity under GEA-3. The auction will cater to non-FIT eligible RE technologies such as geothermal, impounding hydro and pumped-storage hydro, as well as run-of-river hydro which is a FIT-eligible RE technology.

For GEA-4, the auction is designed to cover integrated renewable energy and energy storage system. It involves the integration of renewable energy sources with energy storage technologies like batteries, flywheel or pumped storage hydropower system.

The DoE is also considering offering liquefied natural gas capacities for the upcoming round amid “anticipated high entry of renewable energy into the grid resulting from the GEA.”

The Philippine government has set an ambitious goal of increasing the share of RE in the country’s power generation mix to 35% by 2030 and 50% by 2040.

Studiom: An intimate arts, activities, and experiences center

STUDIOM offers a wide variety of classes, including vocal training and painting.

THE COVID-19 pandemic limited people’s access to social gatherings and opportunities to explore their interests. While it did open up possibilities to do more things online, it exacerbated issues of isolation among adults.

Though the world’s economies have restarted, bringing a resurgence of arts and entertainment events, the social struggle to immerse in various passions led the De los Reyes family to establish STUDIOM — an intimate arts, activities, and experiences center in the heart of Makati.

STUDIOM, a play on the Latin word studium meaning “study,” “zeal,” or “purpose,” offers a plethora of classes, workshops and other activities, like zumba and yoga classes, painting sessions, board and video game nights, vocal coaching, karaoke nights, salsa dance parties, chocolate-making classes, dumpling folding lunches, and nature conservation panels, among others.

“We don’t really offer a menu of activities. We just keep it open and invite people to tell us what their interests are so that we can create new experiences that are not usually routine or typical of what you find in the city,” business analyst Matti de los Reyes, STUDIOM’s chief executive officer, told BusinessWorld in a brief visit to the space.

His father, Ricardo de los Reyes, said that while the idea germinated as a way to provide creative support for a family member diagnosed with autism, it is a place that is open to everybody under the sun.

It’s designed for all adults because it’s our belief that adults want to continue to learn, but there is a dearth of places where they can do that. Many of the learning places are built for children and young people at the prime of their life, like music schools and gyms. We really focus on creating this environment for adults, from the young to the geriatric,” The senior Mr. De los Reyes added.

A THIRD PLACE
The center is inspired by the urban sociology concept of the “third place.”

While the home is described as the first place and the workplace as the second place, venues where people connect with others in the community — public parks, churches, restaurants, theaters, gyms — are the third place. This is what STUDIOM aspires to be, explained the younger Mr. De los Reyes.

“We aim to be a new type of third place — an interesting place for interesting people with interesting interests,” he said.

Recently opened at the Lorraine Tower in Proscenium at Rockwell, the 140-square meter space is located there so that “the center could feed from the dynamism, playfulness, and diversity of the city.” It is reconfigurable to take the form of various settings, be it a gym, a dance hall, an art studio, a kitchen, a lecture hall, a lounge, or a nightclub.

STUDIOM’s programs are just as malleable. Case managers and activity specialists address all requests to learn, no matter how specific.

“If you have a particular interest in music and want to learn more, we could match you up with a master instructor or create a program to teach you, for you to pursue that interest. Maybe you won’t want to start from scratch with the fundamentals, but with a few songs that you actually want to learn on the piano or the guitar,” explained the senior Mr. De los Reyes.

A recent example is Broadway karaoke, which was one session where a group of interested individuals learned to sing Broadway songs with proper voicing and projection — culminating in a fun night of karaoke.

“People can demonstrate what they’ve learned in a safe environment. Ultimately, we bring people together and they form friendships; they become part of a social club built around that common interest,” he said.

INCLUSIVITY
While the participants of that karaoke session were in their 20s and 30s, STUDIOM has had clients as old as 90 taking part in activities like painting and board games. There are also those on the autism spectrum and those with limited physical mobility.

“We break it down so that it becomes accessible. At STUDIOM, anyone of any age or skill level can access activities and experiences that are available to typical people,” said Matti de los Reyes.

Many sessions start at P1,000 for a one-off class, but the fee may go up depending on the needs of a particular interest. A live band or a cast of professional actors will require a larger fee, for instance.

Though STUDIOM’s ideals are to welcome those with special needs, it is simply open to all adults who want to learn something new, be it in a one-on-one session, an intimate group, or a crowd of new faces.

“[The group size] varies from activity to activity,” he added. “If it’s a chocolate making class, it might be 12 people. For a one-day choir, there could be more.”

“What’s important is that we cater to the desire to learn. We give people a creative space to explore and to share.”

STUDIOM is located in Lorraine Tower, Proscenium at Rockwell, Makati City. For more information on its activities, visit STUDIOM’s social media pages on Facebook and Instagram. — Brontë H. Lacsamana

Philippine cinema strengthens its German connection

TALKING MOVIES: (L-R) the talk’s moderator, Mowelfund Film Institute director Ricky Orellana, filmmaker and film historian Nick Deocampo, and cultural researcher Katrin De Guia. — PHOTO BY HANNAH DOROTHY GAON

THE FILM industry in the Philippines is hoping to revive its cultural exchanges with Germany, which have influenced Filipino alternative cinema and film studies over the years. This according to filmmakers and researchers at an Aug. 29 forum organized by the German Embassy at Sine Pop, Quezon City.

“My personal history with Germany started at the Berlin Film Festival in 1982, when I met my producer Hagmut Brockmann, who supplied Super8 films for me to make Oliver,” said Nick Deocampo, a filmmaker and film historian, at the event.

He then cited the films of Raymond Red, also present at the talk, as products of workshops that occurred under the Mowelfund Film Institute (MFI), a hub for filmmakers to learn and practice their art in the 1980s with the help of many German partners.

These included mentors like filmmakers Ingo Petzke and Christoph Janetzko and then-Goethe Institut director, Uwe Schmelter. They had worked closely with Mr. Deocampo when he was the director of MFI and put up film screenings, lectures, and workshops.

“We really blossomed as a film movement in the ’80s, coming from the People Power Revolution and thinking deeply about social change. We related with German abstract and experimental filmmakers, who showed us the medium’s potential to be a revolutionary cinema,” he explained.

Ricky Orellana, the current director of MFI, agreed that the partnerships were essential to establishing “a very strong alternative movement in the Philippines,” now called independent or indie.

It was in 1985 that Mr. Orellana got involved in the alternative scene, when he started enrolling in filmmaking workshops conducted by Mr. Petzke and Mr. Janetzko. His batchmates included Lav Diaz, Larry Mando, Vicky Donato, Rox Lee, and Eli Guieb.

“Those workshops were so successful that Goethe Institut tried to duplicate it in other countries like Thailand, Brazil, and South Korea. The formula was established here,” he said.

Sa Maynila, his own film with Mike Alcazaren and Josephine Atienza made in 1988, is one of many products of these cultural exchanges. MFI will be reintroducing the archived films that came from these workshops and festivals to a new generation, with screenings set for World Heritage Day in October.

SHARED FILM LANGUAGE
For Munich-born, Baguio-based cultural researcher Katrin De Guia, exploring Filipino psychology was a must when she first moved here in 1979. As a student of renowned scholar Virgilio Enriquez, she came to understand local culture through the lens of kapwa psychology.

With this, parallels can be drawn between the Philippines’ and Germany’s filmic languages, oriented towards sharing stories over commercial benefit.

Kapwa means that everyone learns from each other. Individualism is not as necessary as the things that combine us. In Germany, there is a similar word, mitmenschlichkeit, which means that we are all human,” said Ms. De Guia.

However, she added that Germany has lots of artists and intellectuals mainly because of funding and effort in enhancing arts and culture. Her husband, National Artist for Film Kidlat Tahimik (a.k.a. Eric De Guia), managed to make his first film thanks to producers in Berlin, much like Mr. Deocampo.

At the talk, Mr. De Guia explained that alternative cinema aims to peel back the colonial layer from the face of the people.

“The protocols of blockbuster filmmaking that we got from Hollywood are now gospel here, too. We have to remember we are a kapwa culture. Rather than copying successful films, we can put out more Filipino-oriented stories and not lose kapwa in the search for profit,” he said.

MFI’s Mr. Orellana added that archiving is another realm of cinema that has been positively affected by German-Philippine relations. National Artist Gerardo De Leon’s 1961 film Noli Me Tangere, based on the novel by Jose Rizal, was once considered a lost film — until the late archivist Teddy Co found the print and had it restored by the German Federal Archive in 1989.

In relation to that tidbit, Mr. Deocampo posited that the filmmaking workshops and archiving initiatives are but a natural progression of the German-Philippine connection first established by Mr. Rizal himself with scholar Ferdinand Blumentritt (although he was Czech-born).

“That was a partnership in literature, and now we have it in a modern communication medium, cinema, which has a larger audience,” he said. For the upcoming Frankfurt Buchmesse, his books on Philippine film history will be translated into German and published in Germany.

“We can galvanize this relationship with books and with films. We’ve had very rich relations in the past 40 years, since the ’80s. We’re going strong and we’re making it more tangible through this intellectual work.” — Brontë H. Lacsamana

Entertainment News (09/03/24)


CCP Met: Live in HD ends with Dead Man Walking

SEASON 9 of The Met Opera in HD — a collaboration between the Cultural Center of the Philippines (CCP), the Metropolitan Opera of New York, the Filipinas Opera Society Foundation, Inc., and Ayala Malls Cinemas — culminates with Jake Heggie’s contemporary opera Dead Man Walking on Sept. 3, 5:30 p.m., at Greenbelt 3 Cinema 1 in Makati City. Based on a nonfiction book of the same name, this opera explores themes of humanity and justice, its story beginning and ending with a murder. Tickets are priced at P350. Students and young professionals may enjoy the screening for P100 upon presenting a valid ID. Tickets are available at Greenbelt ticket booths and on the website www.sureseats.com.


Bacolod Film Festival to kick off in September

THE Bacolod Film Festival has released the trailers for the 10 films that will be part of the festival program. They are: Chelsea Tasic’s A Flower a Day, Charlene Mead Tupas’ Aninaw, Victor Villanueva’s Blind Date, Poli Gonzales and Massah Gonzales-Gamboa’s Chicken Inasal, Reginald Amador and Zack B. Verzosa’s Glub, Pau Ortaliz Santos and Nina Aira Villanueva’s Laragway sa Karon, Banjo Hinolan’s Manokan Country, Willbryan Garcia’s Puli Na, Diche Lesly, VinJo Entuna’s Sa Pwesto ni Pistong, and Alvin Diaz and Oscar Severino Villanueva’s The Mansion. The films will screen from Sept. 12 to 15 at SM City Bacolod and Ayala Malls Capitol Central. Visit Bacolod Film Festival’s social media pages for more details.


Raymond Lauchengco’s 40th anniversary concert

SINGER, artist, and director Raymond Lauchengco has announced that he will be performing live at The Theatre at Solaire on Nov. 23 in a concert titled Just Got Lucky. The concert will mark the 40th anniversary of his storied music career, and will include the beloved ’80s soundtrack of the Bagets hit movie and generation. For partnership, tickets, and block buying inquiries, e-mail info@raymondlauchengco.com.


Dhruv releases debut album

SINGER-songwriter and producer Dhruv has dropped Private Blizzard, his debut album via Little Worry/RCA Records. The album features Dhruv’s new single “One and Only” alongside previously released tracks like “Grieving,” “Speed of Light,” “How?,” and “Tragedy.” Recorded in Nashville with Grammy-nominated producer JT Daly, Private Blizzard reflects the full range of emotions that the Indian-descended Singaporean musician felt as he set out to make his debut album from a place of creative honesty. The album is out now on all digital music platforms worldwide.


Josh Cullen releases new single

SB19’S Josh Cullen has returned with “Silent Cries,” an emo-type, guitar-driven song that serves as a pre-release single for his upcoming album, Lost and Found, due next month. In it, the P-Pop soloist trades his urban-leaning music for Midwestern emo. The song revisits his past with the accompanying music video following him as he goes to places that were once a vital part of his childhood. “Silent Cries” is out now on all digital music streaming platforms worldwide.


Parqal mall opens outdoor sports complex

PARQAL, the flagship development of Aseana City in Parañaque, has launched Bounce, an outdoor sports complex designed to cater to sports enthusiasts of all levels. The new facility boasts of two multi-purpose courts, ideal for pickleball and volleyball, and a basketball court. There is a full-sized 2,213-sq.m. football pitch, now home to young athletes training under the Azkals Development Academy. Reservations and payments for any of the amenities can be made through www.bounceatparqal.com.


Felip brings 7sins to Japan

COMING from his successful first solo show, 7sins the Album Concert, Felip is now set to bring his 7sins album to Japan. The album takes the form of a physical CD exclusively in Japan, which fans worldwide have begun to pre-order since July via Tower Records Japan, Amazon Japan, and CDJapan. Exclusive 7sins merchandise, content, and a bonus track entitled “Tokyo” will come with the physical CD. Felip held an autograph signing event at Tower Records Shibuya and the album concert at the Shibuya duo Music Exchange. Felip is also known by the stage name Ken, as a main dancer, lead rapper, and vocalist of the P-pop boy group SB19.


MYX brings back VJ Search, MYX Music Awards

THE MYX VJ Search and annual MYX Music Awards will be back this year. Media and entertainment brand MYX announced the news at the end of August. The VJ Search will hold its hunt for video jocks for the first time since its 2019 run. It previously produced MYX VJs and alums like Chino Luis-Pio, Joyce Pring, Aya Fernandez, and Samm Alvero. Meanwhile, the MYX Music Awards will be held in November, when it will recognize today’s hitmakers. It was last held virtually in 2021.


James Reid releases new single

IN light of the resurgence in popularity of his original Pilipino music (OPM) smash hit “Randomantic,” James Reid has returned to the spotlight with a mellow, pop-leaning single titled “Sandal.” The new track, released under Sony Music Entertainment and Careless, has stripped-down acoustic elements and vocals, making up a sweet serenade in the Filipino language. It was written by Mr. Reid and Luke April of the Davao-based hip-hop and R&B group Playertwo. “Sandal” is out now on all digital music platforms worldwide.