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Graffiti in the white cube: Banksy’s works in BGC

A SCREEN PRINT and a reproduction of Banksy’s 2008 post-Hurricane Katrina mural Nola in New Orleans.

THE CHALLENGING relationship between Banksy and museums has persisted over decades — echoing that of graffiti artists and elite art institutions in general — most recently finding its way to the Philippines.

On May 14, the Metropolitan Museum of Manila (The M) in Bonifacio Global City (BGC) opened an exhibit titled “Banksy Universe.”

Following online backlash from Filipinos who quickly pointed out that the show is unauthorized, The M released a statement that, like many such exhibitions in museums around the world, “Banksy Universe” is not authorized or endorsed by Banksy.

However, it features “a significant number of works that trace the trajectory of Banksy’s career, affording a closer look into the themes that preoccupy him, as well as the transformative power of art,” the museum said.

Now open to the public, the exhibit at The M joins the list of possibly hundreds of other exhibits held in the graffiti writer’s name over the years that Pest Control, the organization that handles Banksy’s affairs, has declared unauthorized.

Galleries and museums are “trophy cabinets of a few millionaires,” the elusive artist once said. But because Banksy remains anonymous, the ongoing struggle to enforce copyright and trademark laws over his art continues.

“The irony of Banksy’s work being gathered and shown in a museum is not completely lost on us. We do understand that, as an institution, we also represent the ‘beholden-ness’ to the status quo that Banksy rails against in his art,” said Bambina Olivares, The M’s head of special projects, at a May 10 preview for the media.

“We also have to deal with the practicalities of where else we can show something like this,” she added. The screen prints and graffiti reproductions are arranged in a way that educates the unaware about Banksy’s career.

In an interview with BusinessWorld, Ms. Olivares explained that the intention is to be respectful of Banksy’s legacy and to start conversations about how graffiti and vandalism can be seen as legitimate art forms.

“Not everyone has the chance to travel to see the original works, so this allows people to discover it right here,” she said.

THE EXHIBIT
The M is a sleek, swanky art museum a few steps away from Bonifacio High Street, attracting an affluent crowd of curious passersby and art patrons alike.

Within its white walls, on the building’s second level, “Banksy Universe” is a strange, other world. Displayed are recreations and prints of Banksy’s signature stencil murals, some cheeky and some more serious, from various times and places — London, Los Angeles, New York City, Palestine, and even Ukraine, from the early 2000s up to the 2020s.

The exhibit can be credited for covering as much ground as possible, from the reproduced mural of a London cop urinating on a wall, to a print of a protester throwing a bouquet of flowers, each piece contextualized by short descriptions. There is the table of the Central Park street vendor that Banksy once supplied with his original stencils to sell to unknowing passersby.

There is a corner dedicated to posters about “Dismaland,” a subversion of the Disney theme park that Banksy put up in Somerset, UK, with a projection of a looped video showing the original place. There is the merchandise from the grimy luxury of “Walled-Off Hotel,” a play on the high-end Waldorf Hotel, that was installed amid the wartime rubble in Bethlehem in 2017.

Of course, there’s the recreation of Love is in the Bin, a print which was auctioned for over £1 million at Sotheby’s in London and shredded on the spot.

WHAT IS GAINED, WHAT IS LOST
While “Banksy Universe” is educational for those who don’t know much about, or don’t “get,” Banksy at all, the place clearly lacks the grit that characterizes the seedy urban environment where the works emerged.

The M instead replicates it with orange traffic cones lined up here and there on the floor, and the sounds of the shaking and hissing of a paint spray can being played as you wander through the space.

Adrienne Cacatian, a sociology instructor from the University of the Philippines Diliman, told BusinessWorld in an interview that Banksy’s works, once regarded as vandalism, now have a different value after being coopted into the mainstream art circuit.

“The whole thing with vandals’ subculture is that their works’ value is hinged on how organic the duration and life is. The longer it’s up without getting buffed, the more highly regarded it is,” she said via private message, based on personal observations while studying the culture of graffiti.

“Why would you take a work that is so clearly meant to be on a wall outside in a particular context and put it inside the sterile, white cube?” she added.

Banksy Universe, the collective of art enthusiasts that donated over 100 of these items and prints to the exhibit, has been operating for over 20 years — even before Banksy was discovered by museums and galleries. Their spokesperson is Chris Johnson, the only collector and member of the group who isn’t anonymous like their idol.

“In the early 2000s in Paris, we used to put up plexiglass or other protective coverings onto the Banksy works to stop building owners or local police from removing them,” he said in an interview with BusinessWorld.

He explained that, while the pieces in the “Banksy Universe” exhibit in Manila are from personal collections of authenticated prints, the goal is to share as much about the graffiti writer’s work with the world as possible.

VANDALISM IN THE PHILIPPINES
One of Ms. Cacatian’s personal projects is @mgasulatsadingding, an Instagram account that documents graffiti, so that works of vandalism can be recorded before being erased forever by authorities.

In her encounters and conversations with vandals, she found that graffiti is often seen as closer to crime than art, she told BusinessWorld, precisely because its existence will always be contentious and debated.

That “Banksy Universe” in particular is being shown at The M, located in BGC which is known for its strict restrictions on vandals, demonstrates “the gentrification of vandalism when so many others get jailed or fined for it.”

Meanwhile, The M and the Banksy Universe collective have chosen the non-government organization Childhope Philippines as their charity partner for the six month-long exhibit. Early in May, they held a spray paint session that aimed to encourage street children to express themselves through art. “We would never do this project without having Childhope as our charity partner. All proceeds from the “Banksy Universe” gift shop go to those street children,” Mr. Johnson said.

While it remains to be seen if these children will grow up to have their works celebrated or vilified in the very city Banksy’s works are now being shown, everyone else can come see what all the fuss is about at The M, located on Mariano K. Tan Center, 30th St., BGC, Taguig City. The entrance fee is P550. — Brontë H. Lacsamana

CREC moves IPO to June

SAAVEDRA-LED Citicore Renewable Energy Corp. (CREC) has moved its planned P7.9-billion initial public offering (IPO) to June.

The offer period is scheduled from May 27 to May 31, with the tentative listing and start of trading on the Philippine Stock Exchange, Inc. on June 7, according to the company’s preliminary prospectus.

CREC initially scheduled its IPO listing for May 31, with an offer period from May 20 to May 24.

It is set to offer up to 1.79 billion common shares at a maximum price of P3.99 apiece, including an additional 267.86 million shares for overallotment.

The company trimmed its planned IPO size to P7.9 billion from P12.9 billion. The move came after SM Investments Corp. invested P5 billion in its subsidiary Citicore Energy REIT Corp. (CREIT).

CREIT is the Philippines’ first REIT listing with a focus on renewable energy. It specializes in owning sustainable infrastructure projects, including income-generating renewable energy properties across the Philippines.

CREIT saw its attributable net income for the first quarter increase by 18% to P359.28 million from P304.96 million a year ago.

“The increase is mainly related to full take up of lease revenues of the company’s lease contracts on its newly acquired properties in Lumbangan and Luntal, Batangas and Arayat, Pampanga and Pangasinan…,” the company said in its quarterly report released on Tuesday.

The company added that this was “offset by the accrual and recognition of the interest expense for the period for the first and second coupon payments of the P4.5 billion green bond issuance.”

CREIT’s gross revenues rose by 26% to P472.84 million driven by its newly acquired parcels of land under CREIT’s green asset portfolio.

It said that this has translated to 24% growth in earnings before interest, taxes, depreciation and amortization.

“This solidifies CREIT’s position as the largest REIT (real estate investment trust) landlord for renewable energy developers and operators,” the company.

For the January-to-March period, the company’s gross profit increased by 27% to P446.78 million due to the “expansion of leasing activities arising from various acquisitions of freehold assets out of the green bond’s proceeds.”

Gross expenses rose by 7.86% to P26.07 million from P24.17 million previously.

CREIT said it has declared dividends amounting to P0.049 per share, up 4% a year ago. This will be payable on July 9 to shareholders on record as of June 13, it said.

The P0.049 per share dividend equates to an annualized yield of 7%, based on May 10 closing price of P2.82, the company said.

“We have remained consistent in providing investors a sustainable and attractive dividend paying REIT instrument from recurring but growing lease revenues, with asset acquisition in support of Citicore Renewables’ project pipeline,” CREIT President and Chief Executive Officer Oliver Y. Tan said.

“This also demonstrates the resiliency of our REIT investment strategy to keep on adding value-accretive assets, effectively CREIT mirroring the growth roadmap of its sponsor CREC,” he added.

CREIT is the Philippines’ first REIT listing with a focus on renewable energy. It specializes in owning sustainable infrastructure projects, including income-generating renewable energy properties across the Philippines.

Its parent company and sponsor, Citicore Renewable Energy Corp. (CREC) is set to list its shares on the Philippine Stock Exchange on May 31, aiming to raise as much as P7.9 billion.

CREC has over 5 gigawatts (GW) of projects in its pipeline which are in varying stages of development with its first GW well underway. — Sheldeen Joy Talavera

Director Mohammad Rasoulof flees Iran ahead of Cannes premiere

A SCENE from director Mohammad Rasoulof’s film The Seed of The Sacred Fig.

CANNES — Mohammad Rasoulof, a celebrated Iranian director whose latest film is competing in the Cannes Film Festival, has fled Iran after being sentenced to eight years in prison and flogging.

In a statement dated Sunday, Mr. Rasoulof said he was in an unspecified location in Europe. “I had to choose between prison and leaving Iran. With a heavy heart, I chose exile,” it said.

Mr. Rasoulof said he made the decision after he learned about a month ago that his sentence had been confirmed.

“Knowing that the news of my new film would be revealed very soon, I knew that without a doubt, a new sentence would be added to these eight years,” he said, according to the statement.

Mr. Rasoulof, whose passport was confiscated in September 2017, also criticized the scope and intensity of repression by Iranian authorities and called for the world cinema community to stand by filmmakers facing censorship and defend freedom of speech.

The announcement spurred speculation that Mr. Rasoulof may attend the premiere next Friday of The Seed of The Sacred Fig.

Iranian authorities had pressured the Iranian director, who won the Berlin Film Festival’s top award with his 2020 drama There Is No Evil, to withdraw his film from Cannes, he said.

In a caption accompanying a short video of a mountain path on his Instagram, Mr. Rasoulof said he needed to work on the final technical stages of post-production of his film entry.

“I am thankful and indebted to friends, relatives, and individuals who, with kindness, selflessness, and at times risking themselves, aided me in crossing the border and reaching a safe haven in this arduous and lengthy journey,” he wrote.

“I am alive to narrate it.” — Reuters

Converge income rises 17% on stronger residential business

CONVERGE ICT Solutions, Inc. saw its attributable net income expand by 17% to P2.55 billion for the first quarter on increased revenues driven by growth in the company’s residential segments. 

“We have come to the close of the first quarter of 2024, and we have achieved gains on many fronts. This year, we are working to invest in new technologies that would take us beyond connectivity,” Converge Chief Executive Officer Dennis Anthony H. Uy said during an online briefing on Tuesday.

The company’s attributable net income rose 17.5% to P2.55 billion from P2.17 billion in the same period last year.

The company’s combined revenues went up by 10.4% to P9.54 billion from P8.64 billion in the corresponding period a year ago. 

As of end-March, the telco company’s total subscribers reached 2.25 million, of which 2.09 million are postpaid customers while the remainder are prepaid subscribers at 160,948. 

Residential business went up to P8.2 billion compared with the same period last year, while earnings from its enterprise business climbed by 10.5% to P1.4 billion from P1.2 billion last year.

Converge’s total expenses inched up by 15.6% to P5.87 billion from P5.08 billion a year ago. 

In May, Converge signed a memorandum of understanding with South Korea’s NAVER Cloud Corp. to explore opportunities in the country’s cloud market. 

Under this partnership, the two parties will collaborate to establish cloud solutions in the Philippines while also exploring and localizing sovereign artificial intelligence.

“Our continuous leap to digital calls for advanced solutions that would support a technology-enabled lifestyle in a robust digital environment. We look forward to working with NAVER Cloud to discover ways how we can empower more customers through cutting-edge cloud technologies,” Mr. Uy said. 

For 2024, Converge said it is allocating between P17 billion and P19 billion for the company’s capital expenditure mainly allocated for international subsea cable payments and capital outlays for data centers 

At the local bourse on Tuesday, shares in the company closed 34 centavos higher or 3.84% at P9.19 apiece. — Ashley Erika O. Jose

Christie’s postpones Geneva auction after website technological issue

CHRISTIE’S ‘Rare Watches’ auction was pushed back after its website suffered ‘technological security issues.’ — CHRISTIES.SHORTHANDSTORIES.COM
CHRISTIE’S ‘Rare Watches’ auction was pushed back after its website suffered ‘technological security issues.’ — CHRISTIES.SHORTHANDSTORIES.COM

CHRISTIE’S said it postponed a watch auction in Geneva planned for Monday after its website was struck by technological problems.

The “Rare Watches” event, featuring Rolex, Audemars Piguet, and FP Journe timepieces from the collection of former Formula One driver Michael Schumacher, was pushed to Tuesday, a Christie’s spokesperson said in a statement.

The delay follows a “technology security issue” that hit Christie’s systems on Friday, taking its website off line.

Christie’s held the “Only Watch” charity auction on Friday as planned, but the tech issues prevented online bidders from participating. The event raised 28.3 million Swiss francs ($31.2 million) from buyers who placed bids in the room or by phone for watches donated by 47 brands.

“We remain committed to providing the highest level of service to our clients and look forward to continuing a successful Geneva sales week,” the Christie’s spokesperson said.

The spokesperson gave no details on the nature of the security issue, and the auction house hasn’t said if it was the victim of a cyberattack.

The auction house’s main website remained off line as of Sunday morning. However, Christie’s provided alternative links for clients and potential bidders to view upcoming auction catalogs.

During the major May auctions in New York this week, Christie’s plans to sell artworks valued at between $578 million and $846 million. Its evening sales on May 14 and May 16 alone could yield as much as $656 million, according to the auction house’s estimates.

The events come at a delicate time in the art and watch auction markets. Global sales of art and antiques were down last year by about 4%, according a report from UBS and Art Basel, and Christie’s itself reported a 25% decline in sales by value.

Total watch sales at the top auction houses fell by 13% to 610 million Swiss francs ($696 million) in 2023 from record levels hit in 2022, according to the Hammertrack report released in March by industry consultant the Mercury Project.

The delivery of timepieces to winning bidders, including Marlon Brando’s Rolex GMT that sold for about $5 million at a Christie’s watch auction in November, were temporarily held up by a Swiss legal dispute with the seller. That legal challenge has now been resolved. — Bloomberg

JFC income reaches P2.62B in Q1 on higher sales

JOLLIBEE Foods Corp. (JFC) saw a 26.9% increase in its first-quarter attributable net income to P2.62 billion on higher system-wide sales.

First-quarter system-wide sales grew by 10.4% to P86.83 billion, while revenue increased by 11.3% to P61.3 billion, JFC said in a statement to the stock exchange on Tuesday.

Operating profit rose by 13.7% to P4.1 billion.

“The Jollibee Group had an exciting start to the year with a very good performance that exceeded our profit outlook for the first quarter. Our revenue growth of 11.3% translated to robust 13.7% and 26.9% growth in operating income and net income attributable to equity holders of the parent company, respectively,” Jollibee Group Chief Executive Officer Ernesto Tanmantiong said.

“System-wide sales grew by 10.4%, with both the Philippine and international markets delivering growth in double-digits lapping a strong first quarter 2023. The Jollibee brand, which leads our chicken category grew ahead of the Jollibee Group at 15.8%, with its international operations growing by 25.2%,” he added.

Same-store sales growth (SSSG) of JFC’s Philippine business rose by 6.9%, while the international business increased by 3.2%.

On the other hand, the SSSG of the company’s China business declined by 3.7% versus a strong SSSG a year ago, in line with China’s quick service restaurant industry and weak consumer spending.

Meanwhile, JFC is sticking to previously announced targets for 2024.

It aims a system-wide sales growth of 10%-14%, SSSG of 5%-7%, store network increase of 7%-8%, and operating profit growth of 10%-15%.

The company earmarked P20 to P23 billion as capital expenditure budget to fund its goal of opening 700-750 new stores this year.

“We are slightly ahead of our guided growth rates. Our business fundamentals are strong, and we are poised to continue our growth trajectory, leveraging the strength of our brands and strategic investments to support our long-term growth plans,” JFC Chief Financial Officer Richard Shin said.

Mr. Shin added that JFC’s recent move to acquire 10% of United States-based beverage tech company Botrista, Inc. for $28 million will further grow the company’s coffee and tea segment.

“Through Botrista’s DrinkBot machines, we’d be able to increase our distribution footprint in the important US market, at zero to minimal capital expenditure as well as deliver superior commercial returns. Our existing stores can subscribe to Drinkbots and get instant sales lift,” he said.

As of end-March, JFC increased its store network by 5.3% to 6,886 stores worldwide consisting of 3,337 in the Philippines and 3,549 international branches.

Of the international stores, the company has 553 in China, 386 in North America, 344 in EMEA (Europe, the Middle East, and Africa), 782 with Highlands Coffee mainly in Vietnam, 1,165 with Coffee Bean & Tea Leaf (CBTL), and 319 with Milksha.

The company’s largest brands by store outlets worldwide include Jollibee with 1,676, CBTL with 1,165, Highlands Coffee with 782, and Chowking with 616.

The Jollibee brand was recently cited as the second most valuable brand in the Philippines by the London-based brand valuation consultancy agency Brand Finance in its Brand Finance Philippines 2024 Report. 

On Tuesday, JFC shares improved by 0.18% or 40 centavos to P219.20 each. — Revin Mikhael D. Ochave

Shang Properties, Inc. to hold Annual Meeting of Stockholders on June 18

 

 


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Skills Development in IT-BPM Sector: Matching skills with needs

FREEPIK

(Part 3)

On March 4, the Contact Center Association of the Philippines (CCAP) held a General Membership Meeting in which I gave an economic briefing. It was an opportunity for me to update my information on how their industry, a sub-sector of the information technology and business process management (IT-BPM) industry, fared during the post-pandemic period. The Chairman’s Report confirmed my expectation that the whole sector is growing faster than the Philippine gross domestic product (GDP), with the entire IT-BPM sector growing in 2023 at 9.2% and the contact center and business process (CC and BP) sub-sector growing even faster at 9.5% (GDP in 2023 grew at 5.6%). This gives me greater confidence in supporting the forecasts made by their top officials that by 2028, total earnings of this engine of the Philippine economy will be close to $60 billion from about $40 billion today. Equally encouraging is the increase in the number of people employed: 8.5% for the IT-BPM industry and 9.4% for the CC and BP sub-sector.

What caught my attention was the slide presenting “Ease or Difficulty of Hiring Talents.” For the benefit of the Millennials and Centennials who are the ones most likely to fill the vacancies in the next five years or so, let me enumerate the top jobs that are difficult to fill: security operations analyst, it security analyst, network engineer, IT analyst, digital marketing analyst, data scientist, QA engineer, software engineer/developer, senior server-led developer, senior full stack developer, Linux systems engineer, MS server engineer, cloud engineer, Python developer, data base administrator, and android developer.

To address these skills shortages, the CCAP is leading the development of sector-specific skills frameworks, with expertise provided by member volunteers from the CCAP councils. Fortunately, the Government is taking a pro-active approach to fund the reskilling and upskilling of the industry workforce to improve their competencies. There are seven skills tracks identified by the CCAP leadership: Customer Service, Learning and Organization, Workforce Management, Quality Management, Security, Transformation and Business Transition, and Business Continuity Plan.

Already in the Roadmap 2022 of the Philippine IT-BPM Sector, there were very clear warnings that there would be critical shortages of high-skill workers in the industry. Robotics, automation, and cloud computing, among other technologies, were foreseen to have a direct impact on the IT-BPM sector. These technological transitions were seen to imply a significant transition for the industry towards a higher value-added service mix. Such a transition would require important changes and infusion of talents across the skill spectrum. Among the existing workforce of some 1.7 million, there would be a need for upskilling among 27% of the workers towards high-skill jobs, supplemented by the entry of specialized talents equipped with Ph.D. and M.S. degrees. Some 46% of the workforce should transition to mid-skill work through reskilling programs and through mid-career entrants as well as new graduates joining the mid-level category. There will always be room for some low-skill workers that would constitute some 27% of the workforce. While it is the industry players’ main responsibility to ensure that their employees are able to transition to higher-skill jobs, there is a need for close cooperation among the Government, industry, and the academe to attract broader stakeholder support, provide direction and context to small- and medium-sized enterprises, and attract higher value-added services as the Philippines positions itself as a technology-enabled hub.

The Roadmap recommendations in 2022 are applicable, if not more so, because of the technological changes that were accelerated during the pandemic (especially in the fields of education, health, food security, and logistics). Among these changes that are critical for the human capital skill spectrum of the Philippine IT-BPM sector to move towards a higher value-added scenario are:

• Specialized high-skilled entrants (e.g., Ph.D., MS, industry laterals) that are necessary at the mid- and high-end levels of the skills pyramid;

• Existing workforce upskilled from low to mid; and mid to high skill;

• Mid-career entrants (e.g., laterals, managers) and specialized graduates coming in to bolster mid- and high-level skills requirement;

• Existing manpower engaged in low-skill tasks to be reskilled to perform relatively high-value jobs.

The country cannot wait for reforms in the basic education and higher-education levels of the schooling system to address the poor performance of our pupils in mathematics and sciences in international achievement tests. It is imperative that we focus on the existing workforce (especially those in their twenties and thirties) to upskill and reskill them in science, technology, engineering, and mathematics (STEM). The proposed changes to develop a high-skilled workforce for the future (say, beyond 2028) will take considerable time for the skills to be defined, curricula to be modified and new methods of teaching to be adopted. To address the more immediate demand for the value-added work by the sector (1.5 million workers are supposed to be added to the industry in the next four years), a special program is required to fast-track the development of employees for high- and mid-skilled jobs by providing special training for the “crème de la crème” of graduates in the Philippines to equip them with skills to be ready for mid-level talent, and highly skilled service areas.

To ensure that these collaborative efforts among the Government, business, and the academe are inclusive and not limited to those with college degrees, the best graduates of technical schools under the supervision of TESDA (Technical Education and Skills Development Authority) should be included in these efforts to produce higher and more specialized skills for the IT-BPM sector. I am referring to the graduates of the leading technical schools like those run by the Don Bosco priests and by private foundations like the Meralco Polytechnic Institute, the Dualtech Training Institute, the Center for Industrial Technology and Enterprise (CITE), and others that TESDA may recom-mend. This will ensure a more inclusive program of human resource development in the IT-BPM sector because graduates of these techvoc schools generally come from low-income households. From my personal experiences with these technical schools, I can vouch for the fact that some of their best graduates can surpass many average college graduates, even from the better private schools, in critical thinking, industry, and perseverance in work.

The so-called High-Impact Program (HIP) proposed in the 2022 Roadmap involves increasing the availability of local talents and providing opportunities for employment for high skilled jobs among college (and techvoc) graduates looking for jobs. Qualifying criteria include a bachelor’s degree (and I would add a techvoc degree or certificate), top 5% academic performers, academic qualification in engineering, ICT-related degree programs and the like, and fresh graduates with not more than six months of experience in the labor market. The stakeholders who should be involved in this HIP will be the Information Technology and Business Process Association of the Philippines (IBPAP) and partner associations, together with the Commission on Higher Education (and I would add TESDA). The focus of developing skills for future industries (those that comprise Industrial Revolu-tion 4.0) should not only be on fresh supply of graduates but also for the existing workforce (1.7 million).

To be realistic, to successfully transition from low-skill to mid-skill and high-skill roles, a majority of these 1.7 million present workers will have to be upskilled to higher-value activities, especially in such areas as Python pro-gramming, Big data project management, bioinformatics, data visualization, supply chain organization, and the like.

Finally, it must be stressed that there is a need to provide planned, structured, and timely research to IT-BPM operators. With the sector’s increasing planning and policy-support needs — i.e., analyzing trends, identifying growth areas, and understanding challenges in the IT-BPM sector — it is imperative to strengthen IBPAP research capacity in collaboration with other industry research centers hosted by universities, think tanks, and other independent research institutes.

(To be continued.)

 

Bernardo M. Villegas has a Ph.D. in Economics from Harvard, is professor emeritus at the University of Asia and the Pacific, and a visiting professor at the IESE Business School in Barcelona, Spain. He was a member of the 1986 Constitutional Commission.

Turkey arrests spider smuggler said to be American Museum of Natural History curator

JULIAN SCHULTZ-UNSPLASH

ISTANBUL — Turkish police arrested a man suspected of trying to smuggle valuable poisonous spiders and scorpions out of the country, with state media identifying the suspect on Monday as a curator at New York’s American Museum of Natural History.

Police arrested the suspect at Istanbul Airport on Sunday and seized dozens of bags from his luggage containing some 1,500 scorpions and spiders, including tarantulas, as well as dozens of plastic bottles containing unspecified liquids, police said.

The state-owned Anadolu news agency reported the suspect was Lorenzo Prendini, a curator at the historic US museum, without specifying a source.

The American Museum of Natural History did not immediately respond to a request for comment and Mr. Prendini could not be reached.

Police said the specimens seized were endemic to Turkey and that their DNA could be copied and their poisons milked for use in making medicines. The suspect faces charges under anti-smuggling law, it added without giving a name.

“It is understood that these medicines have very high financial values and therefore taking these animal species abroad is strictly forbidden,” it said.

It said research showed that the market value of one liter of medicine obtained from scorpion venom was worth $10 million. — Reuters

D.M. Wenceslao says leasing operations boost Q1 income to P551M

D.M. Wenceslao & Associates, Inc. (DMW) reported a 4.8% rise in its first-quarter (Q1) net income to P551 million, buoyed by increased leasing revenue.

Leasing revenue consisting of rentals from land, building, and other revenues including common use service area and parking fees, representing 84% of total revenue, increased by 31% to P790 million, DMW said in a statement to the stock exchange on Tuesday.

Commercial building revenue went up by 54% to P320 million on strong leasing activities across the whole portfolio, boosted by the 73,000-square- meter addition in commercial gross leasable area from the recent opening of the company’s Parqal mixed-use development.

Land rentals rose by 10% to P344 million on new lease and lease expansions. Residential revenues stood at P148 million.

“Our first quarter results reflect our strategic foresight in cultivating a holistic real estate portfolio,” DMW Chief Executive Officer Delfin Angelo C. Wenceslao said.

“Our focus on creating mixed-use environments that encapsulate the essence of live, work, and play has translated into strong sustained interest from a diverse range of tenants. This highlights the effectiveness of our strategy to provide not just spaces but destinations that enrich daily experiences,” he added.

On Tuesday, DMW shares fell by 1.43% or eight centavos to P5.50 apiece. — Revin Mikhael D. Ochave

It takes a whole society to fight online fraud

FREEPIK

Online digital platforms are providing services that have become potent drivers of the economy and are crucial tools for people empowerment. It is thus commendable that this administration has made digital transfor-mation its priority.

Technology, however, like any tool that is agnostic and dependent upon its use, can have a sinister side. For millions who have begun to rely on the convenience and ease with which technology can be used, there exists a downside that can be both disruptive and destructive. It can cost people their livelihood or security, and destroy an individual or even an institution’s reputation.

News of identity theft, online scams, fraud, and many other scam traps are not new to us. Many of us know somebody, or somebody who knows somebody, who has fallen victim to such schemes. Worse, we could have been victims ourselves.

These are not just anecdotal examples. Available data support the conclusion that much remains to be done in identifying, managing, and preventing online scams. For example, the Philippine National Police Anti-Cybercrime Group (ACG) reported that cybercrimes increased by 21.84% in the first quarter of 2024. Some 4,469 cybercrimes were recorded from January to March this year, up from the 3,668 cases during the same period last year.

Among the crimes that make up this number are online selling scams, debit and credit card fraud, as well as investment scams.

The ACG also noted a significant trend in online scams where social media accounts are breached and misused for financial or personal gain. For example, in the month of February, 89 cases of identity theft were recorded.

According to Statista, the most frequent fraud schemes targeting consumers in the Philippines as of the fourth quarter of 2023 were phishing (50%), smishing (43%), money/gift cards (37%), third-party seller scams on legiti-mate online retail websites (34%), vishing (26%), identity theft (21%), money mule (18%), account takeover (14%), unemployment insurance claim fraud (10%), and stolen credit card or fraudulent charges (7%).

Remember, too, that these are official figures based on the number of reported cases. The number is likely to be higher if we are to include unreported instances.

Against this worrisome backdrop, there have been initiatives to protect the public from online predators. The government is in its own way trying to ensure that the internet remains a safe space for its users, whether it is for educational, professional, or personal purposes. Indeed, policies must be made stronger, and implementation must be more consistent.

In these matters, it is important to remember that safeguards against scams require a whole-of-society approach. It must be an integrated system that mobilizes cybersecurity technologies, law enforcement, investigation, fi-nancial institutions, online platforms, internet service providers, sellers and consumers all in alliance against these invisible thieves in cyberspace.

A recent example of collaborative effort would be the joint initiative of Bayan Academy and CitizenWatch Philippines, together with Meta, government partners — the Departments of Information and Communications Tech-nology, Trade and Industry, Justice, and Migrant Workers, and the Securities and Exchange Commission —, and other advocacy groups through its civic education campaign “Be Wais.” The campaign seeks to increase people’s awareness of different types of scams across different sectors, and to shift their attitude toward information they encounter, and to exercise critical thinking before making any decisions.

During the launch of the campaign over the weekend, CitizenWatch co-convenor Kit Belmonte said “we must also arm ourselves with the know-how to ensure that these fraudsters, scammers and thieves do not succeed. Inevitably, given the gap, our own protection remains our personal responsibility.”

Department of Trade and Industry (DTI) Secretary Fred Pascual, in his statement, urged consumers to keep sharp and be careful when buying anything online. He advised online shoppers to first ensure that the seller is legitimate by checking if they have a business address, e-mail, and contact number. Second, be suspicious when the price is too cheap and to look up the business’ trade name on the DTI website to see if the business is legitimate.

Professor Francisco Enrique “Jay” M. Bernardo III, Chairman and President of Bayan Family of Foundations, emphasized that empowering both consumers and entrepreneurs through education and awareness is a key strategy for tackling the issue of online fraud and scams. A cautious attitude and a habit of staying alert can significantly reduce potential risks.

Shanti Alexander, Head of Policy Programs and Campaigns from Meta, reaffirmed the company’s continued commitment to addressing online fraud and scams in cyberspace — all aligned with Meta’s efforts to help create a responsible community of citizens.

The dark sophistication of the tactics employed by cyberthreat actors versus cybersecurity technologies is a cat-and-mouse game wherein we as the end-users of internet services are the targets. All these scammers need is a moment of carelessness, a mere touch of their click bait for their trickery to kick in and entrap their victims.

Indeed, such collaborative efforts across sectors are a potent tool in empowering the public, so that people will be able to protect themselves and not fall prey to online predators.

Technology promises to bring good to society, and it has, in so many transformative ways. But it is equally crucial to look out for malicious actors who want to exploit the efficiency and convenience of technology to deceive and unduly profit from others. In the end, only a strong, aware, and digitally prepared citizenry could effectively fight this bane.

Vatican Museums staff start unprecedented legal action over labor conditions

VATICAN CITY — Forty-nine Vatican Museums employees have started an unprecedented labor dispute over what they say are unfair and poor conditions at their workplace, which could lead to an embarrassing lawsuit against Pope Francis’ administration.

The workers, mostly museum attendants, have sent a petition to the Vatican’s Governatorato, the body that administers the Vatican City State, lamenting rules that cause “labor conditions undermining each worker’s dignity and health,” said lawyer Laura Sgrò, who is representing them.

They include extra work hours paid at lower rates and insufficient health and safety provisions, Ms. Sgrò said.

“Workers have decided this action only after all their demands and requests over years were left unanswered,” she said.

Unions are not allowed in Vatican City.

A spokesman for the Vatican Museums declined to comment.

The news was initially reported on Sunday by the Il Corriere della Sera daily.

The 49 workers, out of a total of around 700 people employed at the Vatican Museums, are all Italian citizens and have been employed at the Vatican for many years.

One of the most visited museums in the world, along with Paris’ Louvre and London’s British Museum, the Vatican Museums have a priceless art collection and include the renowned Michelangelo’s Sistine Chapel.

The petition represents the first formal step in a mandatory conciliation process under Vatican law.

If the conciliation procedure fails, the case can then be brought to a Vatican Court.

Ms. Sgrò added that, due to the absence of furlough schemes in Vatican labor legislation, workers who had been left inactive during the COVID-19 pandemic because of the Vatican Museums’ closure were now being asked to hand back salaries paid during that period.

“With this action we want to be constructive, we hope this can prove the right occasion for a general rethinking of the Vatican labor rules,” Ms. Sgrò said. — Reuters