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Agribusiness executives should be upskilled

ANFLOCOR.COM/TADECO

(Part 1)

A positive sign that the administration of President Bongbong Marcos is on the way to improving the productivity of the agribusiness sector is the increasing number of Philippine conglomerates diversifying into agriculture and investing substantial amounts of long-term capital in the sector.

There is the First Pacific group led by Manny Pangilinan, who is diversifying from their major investments in infrastructures and energy into sugar and dairy production. Benguet Corp. — the gold and nickel mining company — is planning to invest in a big way in large-scale coconut farming in Samar and Leyte.

The DMC Consunji group has already expanded its long-term investments in agriculture in Mindanao by leasing hundreds of hectares of deforested lands in the south of Negros Occidental to plant palm oil. Luis Lorenzo, Jr., a former Agriculture secretary and part of the family that pioneered in pineapple plantations in the last century, is now diversifying in a big way into bamboo plantations that will be the source of raw materials for manufacturing construction materials that can equal the strength of steel.

The Aboitizes are expanding their investments in food and beverage manufacturing. This trend is a far cry from the former practice of the biggest Philippine banks who preferred to pay hundreds of millions of pesos in penalty to the BSP so as not to be obliged to lend to agribusiness projects under the Agri-Agra law.

Because agriculture was always what I called the “Cinderella” of the Philippine economy — neglected and unwanted — even the best minds who took up agricultural sciences in UP Los Baños and other universities (like the Araneta University and Silliman University in Dumaguete) ended up working in many fields that had nothing to do with food security. As one of the graduates of the “school of marketing” of Procter & Gamble (I had a short stint as a brand manager at P&G in the late 1950s), I met a good number of graduates of agricultural courses (especially from UP Los Baños) who ended up selling soap and toothpaste for P&G or Unilever.

A good number of them became bank executives, etc. That is why, as an avid proponent today of agribusiness development, I was happy to learn that a friend of mind, Jovy Hernandez, who studied agricultural sciences in Los Baños but who spent most of his professional life in other fields (including a long stint at PLDT) has been designated as the CEO of the First Pacific Agribusiness Venture and is now busy leading his company in importing hundreds of dairy cattle to produce some of the milk requirements of Carmen’s Best, an ice cream company that they bought from another friend of mine, Ramon (Jun) Magsaysay, Jr.

If I were working for an executive search company like Ward Howell or John Clements, I would be busy contacting executives in their 40s and 50s who are graduates of agricultural courses but have been working in other fields. They would be in great demand.

But even more urgent is the upskilling, reskilling and retooling of those managers who are already working for agribusiness enterprises, especially on the island of Mindanao. I am referring to such famous agribusiness companies as Anflo Group of Companies (foremost of which is Tagum Agricultural Development Co.), Lapanday, South Davao Development Co., Inc. of the Consunji group, Alsons Aquaculture Corp., NutriAsia, Del Monte, INFARMCO, Kenram Palmoil Industries, La Frutera, San Miguel Corp., Santeh Feeds, Sarangani Agricultural Co., Sumifru Philippines, Tateh Feeds, Unifrutti Philippines and Vitarich Corp. These have been among the forward-looking business groups that defied all the adverse circumstances surrounding the agricultural sector during the decades of neglect and failed attempts at an enlightened approach to agrarian reform, as what happened in our most successful neighbors like Taiwan, Thailand and Vietnam. These exceptional companies proved that money could be made in agribusiness despite all the odds that they faced in a hostile environment.

Thanks to the leadership of the late Rolando Dy who for more than 30 years headed the Center for Food and Agribusiness (CFA) of the University of Asia and the Pacific and the generous financial support of Walter Brown, founder of A. Brown Energy Resources, already as early as 2015, UA&P started to address the need to upskill and reskill top and middle managers of the leading agribusiness corporations.

With close cooperation from government agencies and the academe, the CFA of UA&P launched in 2015 the six-month, part-time agribusiness executives program that has turned out about 280 graduates, especially coming from the corporations mentioned above. Over the past 10 years, the program has been held in Davao, where most of the agribusiness enterprises are located. In 2017 and 2018, there were parallel runs in Baguio — also a hub for high-value food production — to cater to the Luzon market today.

The agribusiness executives program is a six-month certificate program. Today, the name of the game is no longer a college or masteral degree, but a certification of skills acquired in a work-study program aimed at developing the managerial, analytical and strategic thinking skills of executives and managers working in the agribusiness industry. Here, it is important to point out that agribusiness goes much beyond farming. It encompasses the whole supply chain involved in the production of food or agricultural raw materials, such as post-harvest, cold storage, logistics, processing, wholesale, retail up to the final consumer. The design of the program was based on a comprehensive need analysis of key agribusiness companies and developed in collaboration with agribusiness practitioners and experts. It adopts an action-learning approach that emphasizes skill development and the application of theoretical learning to specific agribusiness projects and related industries.

The agribusiness executives program targets middle and senior level managers and executives in the food and agribusiness sector who are directly or indirectly involved in planning, program/project implementation or are expected to be engaged in such activities in the future. Among the 280 certificate holders are managers from both the private and public sectors such as BFAR, DA, DTI, DepEd ARRRM, Mindanao Development Authority and DENR-MGB.

Participants go through six modules offered via a blended learning approach, using a combination of online and face-to-face sessions. For those interested in participating in the next run of the program, they may contact aep@uap.asia. The next module will run from September 2024 to March 2025 — one module per month, excluding December — with a total of 2.5 days per month, usually Thursday to Saturday afternoon. The program includes field visits to agribusiness projects during the fifth module. The last module will be held at the UA&P campus in Ortigas, Pasig City, culminating in graduation.

(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.

bernardo.villegas@uap.asia

Foreign fund inflows to lift PSEi past 7,000 mark

FREEPIK

THE MAIN INDEX may end above the 7,000 level this year as foreign fund inflows continue to rise, according to the chief investment officer of the Philippines’ largest bank in asset terms.

BDO Unibank, Inc. Senior Vice-President and Chief Investment Officer of its Trust and Investments Group Frederico Rafael D. Ocampo told reporters last week that the Philippine Stock Exchange index (PSEi) may end at the 6,800 to 7,600 level this year.

“The Philippine stock market will finally wake up this year after falling asleep for five years. Year to date, we’re up by 8% in the first quarter this year as foreign funds have started to come in the Philippines. They were leaving in the past five years,” Mr. Ocampo said.

“Our base case is 7,200. Our bull case is 7,650 because we’re assuming 9% EPS (earnings per share) growth and at the bull case, we will be 14 times P/E (price-to-earnings) ratio. At our base case, we will be trading at around 12-13 times. So even at 7,200, which is 5% from where we’re at now, 12-13% total returns is not bad compared to the negative numbers we saw the last six years,” he said.

Mr. Ocampo said their bull case scenario assumes more than three rate cuts from the Bangko Sentral ng Pilipinas (BSP), which he noted “seems more unlikely” to happen amid lingering inflation risks.

“But if the foreign funds continue to come in, … that’s enough to lift the whole market,” he added.

On Monday, the bellwether PSEi retreated by 0.06% or 4.39 points from the prior session to end at 6,741.07.

Year to date, the benchmark index is up by 4.51% from its 6,450.04 finish on Dec. 29, 2023.

The BSP on Monday kept its policy rate unchanged at a near 17-year high of 6.5% for a fourth straight meeting, as expected by 16 analysts in a BusinessWorld poll. Rates on the central bank’s overnight deposit and lending facilities were likewise kept at 6% and 7%, respectively.

BSP Governor Eli M. Remolona, Jr. said at a briefing after the meeting that they could begin their policy easing cycle later than initially expected as they have become “more hawkish than before” due to persistent upside risks to inflation stemming from higher food and transport costs.

Mr. Remolona earlier said they could start considering rate cuts by the second half.

The central bank hiked borrowing costs by 450 basis points from May 2022 to October 2023 to help bring down elevated inflation.

Headline inflation accelerated to 3.7% year on year in March from 3.4% in February. This was slower than the 7.6% clip in the same month last year.

Still, this was within the BSP’s 3.4-4.2% forecast for the month and was slightly below the 3.8% median in a BusinessWorld poll. This also marked the fourth straight month that inflation was within the central bank’s 2-4% target.

For the first quarter, headline inflation averaged 3.3%.

Mr. Ocampo said aside from expectations of slower inflation, which will give the BSP confidence to begin cutting benchmark rates, increased foreign direct investments (FDIs) could also boost market sentiment.

“Foreign direct investments have always been the missing piece in the puzzle. That’s our waterloo. We’re stuck at the $5-10 billion per year compared to Vietnam and Indonesia, who are at $52-78 billion a year,” he said.

“Now, we’re seeing a lot of long-term project financing in renewable energy and food. These are our weaknesses as a country: food and energy security,” Mr. Ocampo added.

Net FDI inflows declined by 6.6% to $8.9 billion last year from $9.5 billion in 2022, latest BSP data showed. — AMCS

Pingkian and the paradoxes of waging a revolution

Pingkian
Directed by Jenny Jamora
Presented by Tanghalang Pilipino
April 12, 3 and 8 p.m.
GSIS Theater, Pasay City

INTENT on meting out revolutionary justice to a traitor to the Katipunan, the man on center stage points a revolver at an erstwhile comrade-in-arms. That same man on center stage is hemmed in from the back by a military officer of the colonial government and a guardia civil, two rifles aimed at his temples.

The man is Emilio Jacinto (played by Vic Robinson), fondly called “Miling” by friends and comrades, and the eponymous figure in Pingkian, Tanghalang Pilipino’s season opener for 2024. That very spot where he stands represents two temporal dimensions: first, a more immediate past when, as general of the revolutionary army, he wielded the power to execute erring members like Florencio Reyes (played by Gab Pangilinan) for being an enemy spy; second, as a prisoner of the Spanish colonial government and a target of summary execution by its military authorities.

The scene captures the play’s premise: the duplicitous nature of the revolutionary project, and the double-edged blades that represent the paradox between noble aspirations for human freedom and the bloodshed necessary to achieve the goal.

Such a premise may be one of the more difficult materials that political theater can handle but Pingkian’s vision is carried out by a well-designed dramatic structure, solid ensemble work powered by rich and vibrant singing, and a production design that made accessible to the audience Emilio Jacinto’s most shining gifts — a prodigious intellect that produced the seminal ideas on secular citizenship, and a literary talent that created the most mellifluous prose known to Katipunan literature (“Sa pag-ibig nunukal ang kinakailangan pagdadamayan at pagkakaisang nagbibigay ng di-maulatang lakas, maging sa pag-aabuluyan at pagtutulungan ng isa’t isa, maging sa pagsasanggalang ng mga banal na matwid ng kalahatan…”1)

The audience gains entry into Emilio Jacinto’s life through that critical moment when he straddled between life and death after an encounter with enemy forces. During those moments facing near death, the most crucial events of his life panned out, compelling him to evaluate the choices he made. Pingkian is built on the eloquence of memory, the two-act play unfolding from the tangled threads of recollection, scene by scene, sliver by sliver.

Elected Kataas-taasang Tagausig (adjudicator) of the Katipunan, Jacinto presided over some infractions of the members of the secret society, some of which involved malversation of funds and the more serious offense of acting as enemy spies. He has always had the trust of Andres Bonifacio, not only because he was an excellent military strategist, but because he had a discerning mind, inclined to reflect on the moral and ethical foundations of waging a revolution. He asked the most difficult questions as they waged a revolution: is social change always predicated on the reformation of the individual whose weaknesses and foibles are inherent, even if they have signed up for the loftiest goal of laying down one’s life for Inang Bayan? Who is the greater enemy: the self or the colonizer?

Emilio Jacinto wielded language to talk about the premises of a revolutionary undertaking, and what it requires of the individual and the collective entities. Throughout the play, Jacinto wore his military uniform, thus conveying his prowess on the battlefield, but more than adequate time was spent on the literature that Jacinto produced. Visual displays created by light, shadow, and illustrated text embody the main protagonist as a writer of the most important prose works of the 1896 revolution which carried the pseudonym of Pingkian. That it was staged in CCP’s black box2, styled as a theater-in-the-round, provided an intimacy with the literary text. You could almost touch and flip the pages that embody the most insightful ideas about human nature and its longing for freedom, and the most ardent lines that valorize the kalooban (the will or spirit), and its immense capacity to give so much to the community and the Motherland.

In the song “Hindi Ito ang Katipunan,” Jacinto laments the demise of organizational unity (“Anong nangyayari sa atin/Hindi iisa ang damdamin/Balangay at sanggunian ay nalalagas sa halip na lumaganap”3). In the same song, he provides an insight: the leaders fail not because they failed to recruit members who will represent the revolutionary ideal. Revolutions fail because its leaders have failed to address the issue of remolding the kalooban (“hindi sa pagsasala ng mga kasapi/kung di sa paghubog/bale wala ang lahat ng ipinaglalaban/kung di natin kayang labanan ang ating sarili…4)

One of the most powerful but arguable contentions in Pingkian was when Jacinto, in a somber moment, sang “Ang tunay na himagsikan/Sa loob nagsisimula/Sa puso’t kaibuturan…5” Does it put individuality as central to what is innately a collective undertaking? Does it over-valorize the kalooban? Does it equate revolutionary victory with the remolding of the kalooban of the revolutionaries thus turning a blind eye to the military strength of the colonizers?

But this is what good political theater is all about. It probes. It unsettles. It disrupts commonly held assumptions. It raises difficult questions that have no immediate answers because the paradoxes are so overwhelming — the quest for peace is through a violent uprising, revolutionary gains pitted against human weaknesses, and then there is power wielded for the people against power for self-aggrandizement. Is it always “bayan muna bago sarili (country first before self)?”

Pingkian’s power was spun from the webs of paradoxes inherent in social movements that seek to reinstate human freedoms but wrestle with the looming possibility of defeat and collapse because the endeavor went amiss in instilling deep and self-renewing changes in the kalooban of the revolutionaries.

Pingkian is arguably the most important play on the Philippine revolution since Charley de la Paz’s 1896, staged by PETA in 1995. At a time when mainstream theater is very much into the restaging of plays drawn from the West or narratives spun around a pop music repertoire of a popular singer or band, Tanghalang Pilipino’s recent endeavors, including the more recent Anak Datu, is a force that swims upstream, against the tide of pop culture that has engulfed much of metropolitan theater. By making such bold and risky choices, Tanghalang Pilipino is claiming a spot in the theater landscape that was previously held by PETA.

Jenny Jamora is indeed one of mainstream theater’s most reliable directors whose fidelity to the material is matched by neat and non-sensational aesthetics. At the center of this performance are forceful and compassionate performances by Vic Robinson and Gab Pangilinan as the Jacinto couple deeply committed to the cause of the Katipunan. As for Pangilinan, we can only wish for more solo material that will showcase her voice as clear as crystal (and, oh, her delectable vibratos) — perhaps a plaint, a song of lament for Inang Bayan (Mother Country), or her fallen lover, where she can be both tender and intense, a vulnerable yet commanding presence onstage.

It must be noted that Pingkian was supported by grants from the National Commission for Culture and the Arts (NCCA) and the Office of Senate President Pro Tempore Loren B. Legarda. In a time when post-pandemic mainstream theater endeavors have been mostly about keeping afloat and achieving commercial success, then Tanghalang Pilipino is an outlier. The support it received and continues to receive will be much welcome in forging a truly relevant theater, for art that will expand our imagination about the nation.

1Roughly translated: “In love, there is the necessary sympathy and unity that gives indescribable strength, even in mutual support and cooperation, even in the protection of the holy and righteous people of all.”

2The author saw Pingkian during its run from March 8 to 24 at the Cultural Center of the Philippines’ Tanghalang Ignacio Jimenez, in Pasay City.

3Roughly translated: “When it happens to us/Feelings are not the same/Village and council are falling instead of spreading”

4Roughly translated: “not in filtering the members/if not in shaping/it doesn’t matter what we are fighting for/if we can’t fight our own selves…”

5Roughly translated: “The real rebellion/Starts from within/From the heart and core…”

 

Maria Jovita Zarate is a jury member of Gawad Buhay, the leading awards-giving body for Philippine mainstream theater.

Toyota to unveil new hybrid electric crossover Corolla Cross

TOYOTAMAKATI.COM.PH

TOYOTA Motor Philippines announced on Tuesday that it will introduce this week the new line of its hybrid electric crossover, the Corolla Cross.

In a statement, Toyota said that the Corolla Cross has seen strong demand since its launch in 2020, citing its design, interior space, performance, and fuel efficiency.

The new Toyota Corolla Cross variants will be unveiled as an “all-hybrid lineup,” the car manufacturer said.

 The public launch will take place on April 12 at SM Aura Taguig, with the display lasting until Sunday, April 14.

 “Customers nationwide may also check out the new Corolla Cross in all Toyota dealerships across the country. Reservations and retail sales will start on April 12,” it added.

 The company maintains its lead in auto sales in the Philippines, with a 16.9% increase to 33,070 units in the first two months, according to the Chamber of Automotive Manufacturers of the Philippines, Inc. and the Truck Manufacturers Association.

Sales during the January-to-February period accounted for the majority, or 45.85%, of the total industry sales, which reached 72,132 units.

Toyota participates in the government’s Comprehensive Automotive Resurgence Strategy program, which requires it to manufacture at least 200,000 units of its enrolled vehicle model, the Vios sedan, within six years to avail of incentives from the government. — Justine Irish D. Tabile

WasteX uses Tarlac mill to improve crop yields

CLIMATE tech startup WasteX is using its Tarlac mill in northern Philippines to help local farmers improve yields and cut costs using the company’s biochar technology.

“With WasteX’s solution, agricultural expertise and ongoing operational support, we are now able to offer biochar to our rice farmers and improve their livelihood,” Renato KaKa Constantino, social entrepreneur officer at the Tarlac mill, said in an e-mailed statement. “We also wish to make rice farming a more profitable occupation to attract the younger generation.”

By making biochar — a charcoal-like substance made by burning organic material from agricultural and forestry wastes — readily available, the company aims to foster widespread adoption of the technology, the company based in Singapore said.

“This initiative comes at a crucial time, with fertilizer prices skyrocketing and agricultural yields suffering,” it added.

Biochar produced at the facility will be distributed to farms within the mill’s extensive network in the next planting cycle to support local rice production and encourage younger generations to embrace the agricultural sector, WasteX said.

The use of biochar not only reduces reliance on expensive materials but also promotes long-term soil health and resilience, it said.

It added that biochar promotes more resilient crops by binding fertilizer minerals, retaining water, enriching soil, locking in carbon in soil and reducing overall fertilizer use. “It’s a promising means for farmers to adapt and thrive in this changing landscape.”

WasteX wants to simplify the adoption process of biochar in agriculture. It offers an end-to-end integrated biochar solution consisting of its own proprietary equipment, mobile app, full implementation, support with biochar application in agriculture and carbon credit facilitation to maximize the benefits for agricultural producers and farmers.

“WasteX’s solution addresses both climate mitigation through carbon removal, and adaptation through facilitating more resilient agriculture,” it added.

The startup has said it had secured $450,000 (P25.4 million) in funding from impact fund P4G Partnerships, less than two years since WasteX was established by venture builder Wavemaker Impact.

The company said it is poised for growth in the Philippines and Southeast Asia through expanded reach, cutting-edge biochar equipment and the fresh funding.

At the center of WasteX’s biochar technology is its proprietary small-scale and semi-automated carbonizer equipped with a dual-action burner.

While conventional carbonizers rely either on electricity or burning biomass for heat generation, WasteX’s carbonizer uses both biomass fuel and captured syngas produced during biomass pyrolysis, significantly enhancing energy efficiency.

“Furthermore, by recapturing and reutilizing syngas for heat generation used in biochar production, WasteX minimizes the potential for methane emissions, contributing to a more environment-friendly process,” the startup said.

It said it had completed several biochar implementations on diverse crops in the Philippines and Indonesia, demonstrating “impressive results.”

In corn farming, biochar application resulted in a 95% increase in yield while reducing fertilizer by 50%. Rice yields also increased by 38% with biochar application, along with the potential for long-term fertilizer reduction of as much as 50%, it said.

“These findings highlight the immense potential of WasteX’s biochar technology to revolutionize agricultural practices by enhancing productivity and promoting sustainable resource management,” it added. — Norman P. Aquino

A new horizon of cooperation for Philippines, US and Japan

On April 11, the first trilateral leaders’ summit among the Philippines, United States and Japan will take place at the White House, to be hosted by US President Joseph Biden. This meeting among President Ferdinand R. Marcos, Jr., President Biden and Japanese Prime Minister Fumio Kishida is important on many levels. Ultimately, this high-level meeting sends an unequivocal message to the rest of the world that nobody must reign supreme except for the rule of law and the international order, and that any attempt to disrupt or destabilize this will not be taken sitting down.

Front and center of the talks will likely be maritime cooperation, especially in light of recent developments in the West Philippine Sea. The US and Japan have both repeatedly articulated their support for the Philippines’ 2016 victory before the Permanent Court of Arbitration in The Hague. Numerous other countries have done so as well, recognizing the sovereign rights of the Philippines in the maritime domain and upholding the United Nations Convention on the Law of the Sea.

All three countries have consistently affirmed their commitment to a rules-based international order. To help the Philippines strengthen its defense capabilities, the two countries are likely to increase their assistance, specifically through joint patrols, capacity-building activities, training and technology transfer, among other things.

The summit is one of the building blocks for peace in the Indo-Pacific, according to President Marcos. But he also said that while the most important thing in geopolitics is finding ways to keep peace, it is also imperative to understand the situations on the ground. There is a need to “keep the South China Sea an area as part of the world where there is freedom of navigation and trade. That’s all we wish for and so we are happy that once we try to do that, we have you as part of it.”

US Secretary of State Anthony Blinken, during his visit last month, reassured President Marcos of the US’ rock-solid commitment to its alliance with the Philippines. On the other hand, the Reciprocal Access Agreement with Japan will also be discussed. This will enable the establishment of a framework on the procedures when Philippine forces visit Japan and vice versa. It will also facilitate more opportunities for joint training and exercises.

Then again, maritime cooperation is just one of the areas for stronger cooperation among all three parties. Outside this, directly related or not, there are several other areas for cooperation — the pursuit of economic growth, technological advancement and sustainable energy solutions.

In terms of economic relations, the Philippines views the United States as a crucial economic partner due to its substantial foreign direct investment (FDI) inflow, ranking the second highest at 13%. In addition to this, 74% of Filipinos think that the Marcos administration should strengthen economic ties with the US, which they see as a beneficial trading partner.

Meanwhile, Prime Minister Fumio Kishida has also declared that Japan is willing to enhance cooperation with the US and Philippines in areas such as semiconductors, digitalization, communication networks, clean energy and critical minerals. President Marcos also has put a premium on achieving energy security as he declared that he is looking at 100% electrification of the Philippines by the end of his term in 2028.

Indeed, the Indo-Pacific region is rife with challenges, both existing and potential. Geopolitics is a crucial issue that affects all other areas in the region and individual countries. Thus, there is a need for greater cooperation in the region to drive home the point that each one must abide by the rules-based international order for the good of all. We simply cannot allow certain states to disturb the peace and well-being of the region, because this will have tangible consequences on the lives not only of the countries, but the people in those countries.

Tomorrow’s summit will significantly contribute to ensuring peace, security, stability and prosperity in the Indo-Pacific region. The trilateral summit signifies a concerted effort to address multifaceted challenges and capitalize on opportunities on various fronts. Specifically, the summit aims to address topics such as fostering inclusive economic growth and exploring emerging technologies, advancing clean energy supply chains, enhancing climate cooperation and promoting peace and security both in the Indo-Pacific region and globally.

The Philippines may be facing daunting challenges in maritime and economic security, but we are heartened by the fact that our friends, the US and Japan, are staunchly with us in our journey. There may be threats — traditional, nontraditional and emerging — from so many different fronts, but cooperation among like-minded states that cherish the same values and make the same commitment to peace assures us of a better, safer and more stable region. Tomorrow’s trilateral summit is a good and encouraging step toward that common goal.

 

Victor Andres “Dindo” C. Manhit is the president of the Stratbase ADR Institute.

Art abounds at La Fuerza

THIS April is already proving to be a summer with record heat, and yet it is actively being matched by the passionate energy of Filipino artists, the metropolis abuzz with multiple exhibitions despite the hot weather. The galleries at the La Fuerza compound along Chino Roces in Makati are hosting a roster of contemporary artists, all with month-long shows this April.

Here’s what to expect for each of them, all ongoing until April 30:

J STUDIO
“Another Day to Live” by Billy Bagtas

For contemporary painter Billy Bagtas, his seventh year as a professional artist has been filled with ups and downs, all of which have fueled him to express himself through his art.

His oil paintings, characterized by bold colors and seemingly personal subject matter, reflect his memories. Whether it’s two people kissing to represent the union of past and present, a depiction of his pet cat Keshi and his friend’s cat Eilish out on a field, or a portrait of himself as a winged man holding a cake to celebrate life, nothing is off limits.

Mahalaga para sakin na maging honest lagi sa works, mag-reflect lahat ng pyesa sa buhay (It’s important for me to be honest in my works, so that each piece reflects life),” Mr. Bagtas told BusinessWorld via e-mail.

His giant centerpiece at the gallery is a colorful collage of 70 smaller paintings, each conveying core memories with his best friend Daniel, to which he dedicates the show. Every piece traverses dark and heavy, as well as light and fleeting moments. — an interesting journey into an artist’s view of friendship.

VINYL ON VINYL
“Good night, sweet dreams” by Seeweirdo

Over at Vinyl on Vinyl, the acrylic paintings of Gene Rhobi Delos Reyes, known as Seeweirdo, depict the world of sleep through a whimsical art style.

At the center of the small space dedicated to his solo show is a white bed, surrounded by larger-than-life paintings. Every piece is inspired by the artist’s own experience with sleep paralysis.

“I was both frightened and fascinated by how sleep paralysis, or what I call nightmares, can control our own imagination in so many ways,” Seeweirdo told BusinessWorld via e-mail. “For me, it embodies the essence of creativity in a weird way like no other.”

The cartoonish style is disarmingly cute and fascinating at first, but sitting and even laying down on the bed while staring at the surrounding artworks, each bursting with color, does feel like a fever dream.

“Sharp Objects” by Joseph Gandiongco

A few steps away, Joseph Gandiongco’s acrylic works evoke strong imagery albeit in a different manner. With a background in graphic design, he uses geometric shapes to depict the likes of flowers and plants, in contrast with harsh items like barbed wire and plastic.

“I have always had this interest in abandoned lots with overgrown vegetation and left behind broken objects, so I used this as a subject in my experiment,” Mr. Gandiongco told BusinessWorld via e-mail. “I like the interaction between natural, organic forms with very sharp, and rigid ones.”

The abandoned landscapes in his paintings come to life due to this play between organic and more structural forms.

“Alchemy,” a group show by abstract artists

Up in the loft of Vinyl on Vinyl hang works by abstract artists: Datu Arellano, Dedy Sufriadi, Dexter Sy, Iabadiou Piko, MA Roziq, min, Ros Johnson, Therese Nicole Reyes, Van Tuico, Taufik Ermas, and Syahbandi Samat.

The various styles here make for a fun experience, from masterful paint splatters to intricate line art to an interactive sound collage, all curated by Carlo Reyes of Fuse Projects.

min, one of the artists at the exhibit, told BusinessWorld that her process involves photographing moments before digitally recreating them and then transferring that onto the canvas.

“My primary muse is nature, because of its continuing stillness; no matter how familiar a tree or flower may seem, each viewing offers a unique sight for me,” she said.

Her painting at the show, sa ngayon, incorporates cyanotype collage with the acrylic to convey the sense of place from the initial captured moment, as part of an ongoing series.

“Resonance,” a group show of ceramic/pottery artists

The main space in the gallery is filled with ceramic art, some shaped like vases and pots and others taking the form of more unique sculptures. Artists in the group show “Resonance: A Traversing Grounds Exhibition” are Alan Cabalfin, Pablo Capati III, Mikoo Cataylo, Joey de Castro, Hemrod Duran, Jana Jumalon, Mikee Naval, Krista Nogueras, Jose Perfecto, Marco Rosario, Ness Sheen, Mark Valenzuela, and Jezzel Wee.

Curated by Koki Lxx, the exhibition aims to show the beauty of terracotta and stoneware clay through installations. It is a follow-up to a previous Traversing Grounds show at Orange Project where many of the group had participated.

Jezzel Wee’s contribution are ceramic bells, similar to wishing chimes at temples in Japan, where she studied for three years. However, they are actually inspired by the seeds of the kapok tree. At the group show, her creation is installed at a corner where one can approach and ring them to hear their gentle tinkling sound.

“They are basically kapok seeds, but in ceramic form. I like how you can hear each bell individually, then their sound as a collective,” Ms. Wee said in a conversation with BusinessWorld. “I was able to control the quality of the sound through the temperature and thickness of the clay vessel.”

Aside from the displayed pieces, the various artists’ smaller, more functional items like cups and earrings, are available for purchase at the gallery’s store.

FINALE ART FILE
Over at Warehouse 17, a larger space a stone’s throw away from the two aforementioned galleries within the compound, is Finale Art File.

Its upcoming exhibits all begin on April 11 and last until May 2: “Time Bubble” a group show by photographers from Fotomoto; “small ones are spreading” by Babylyn Geroche Fajilagutan; and “Brighter Days” by Victoria Montinola. — Brontë H. Lacsamana

Manulife Philippines targets to grow premiums, customer base

THE MANUFACTURERS Life Insurance Co. (Phils.), Inc. (Manulife Philippines) targets to grow its premiums and customer base this year as the insurer hopes to tap the younger generations.

“Overall, our key focus remains achieving sustainable profitable growth in 2024, and keeping the momentum of our health proposition as key driver to our success,” Manulife Philippines President and Chief Executive Officer Rahul Hora said in an e-mail.

Manulife Philippines posted a net income of P1.9 billion in 2023, ranked at eighth among life insurers, data from the Insurance Commission showed.

The life insurer’s premium income stood at P15.54 billion last year, with its new business annual premium equivalent at P2.62 billion.

For this year, Manulife Philippines hopes to tap into the Gen Z and millennial markets as these generations have become more financially literate following the coronavirus pandemic, Mr. Hora said, adding that the insurer saw an 8% increase in Gen Z customers last year.

Millennials and Gen Zs also now make up the majority of the Philippines’ population, he added.

“As they save to protect themselves and their families in case of unexpected events and they want to ensure they have enough money for retirement, we want to provide them all relevant solutions that are aligned with their goals and priorities while helping ease their anxieties about the future,” he said.

Increased awareness about insurance helped drive the double-digit growth in sales of Manulife Philippines’ health products last year, Mr. Hora said.

The life insurer also saw 70% year-on-year growth in average monthly agent recruits in the fourth quarter of 2023, he added.

Manulife Philippines will also continue to tap rural areas to expand its agent force and customer base, Mr. Hora said.

“As more rural areas improve connectivity and are seen to have a growing number of information and communications technology jobs, we continuously accelerate our digitalization efforts in our products and services, so they are more accessible,” he added.

Improving financial literacy and strong economic growth will help drive the life insurance industry’s expansion, Mr. Hora said.

“We are optimistic that the industry will continue to thrive, seeing that there’s strong growth momentum this year, and the economy has been rebounding since middle of last year,” he said.

Potential risks to the sector’s outlook would come from elevated inflation, which could mean higher for longer benchmark rates, he added.

Philippine gross domestic product (GDP) grew by 5.5% in 2023, slower than the 7.6% expansion in 2022 and below the government’s 6-7% goal.

For this year, the government targets GDP growth of 6-7%.

Meanwhile, headline inflation averaged 3.3% in the first quarter, within the Bangko Sentral ng Pilipinas’ (BSP) 2-4% annual target.

The BSP has said inflation may overshoot their goal in the coming months amid the expected impact of the El Niño weather event on food prices.

Faster inflation could cause the Monetary Board to push back their plan to bring down the policy rate from the current 6.5%, which is a near 17-year high, BSP Governor Eli M. Remolona, Jr. said on Monday. — A.M.C. Sy

AppleOne Medical Group opens high-capacity laboratory in Cebu

APPLEONE Medical Group, the healthcare arm of the AppleOne Group of companies that owns the Visayas Medical Hospital, said it has opened a laboratory in Cebu with the capacity to cater to 1,000 patients a day.

The Visayas Medical Hospital (VMH) Laboratory, which was opened on April 3, will be fully operated by laboratory service provider Singapore Diagnostics (SGD), AppleOne said in an e-mailed statement on Tuesday.

AppleOne Chief Executive Officer (CEO) and President Ray Go Manigsaca noted that the company has been investing in healthcare through partnerships.

The VMH Laboratory aims to ensure “timely and efficient healthcare delivery,” AppleOne said.

SGD has more than 450 professionals across 47 locations nationwide, processing laboratory tests for over 600 hospitals, clinic labs, and healthcare institutions in the Philippines, and serving up to 100,000 patients every month, according to AppleOne.

“By teaming up with VisayasMed Hospital, we’re able to… provide Cebuanos with expanded access to a diverse array… of laboratory tests without having the need to travel to Manila or overseas,” said  Ritche Joseph Manuel D. Evidente, president and CEO of Singapore Diagnostics.

The Visayas Medical Hospital, formerly called Visayas Community Medical Center, has been providing healthcare services for almost 70 years, according to AppleOne. 

Services offered include family medicine, pediatrics, internal medicine, surgery, obstetrics, gynecology, dermatology, psychiatry, ophthalmology, and anesthesiology. — Aubrey Rose A. Inosante

India’s space startup Agnikul Cosmos delays maiden rocket launch again

TWITTER/AGNIKULCOSMOS

INDIAN aerospace startup Agnikul Cosmos postponed the maiden launch of its Agnibaan rocket again, people at the launch site said on Saturday, citing technical issues.

The company postponed the liftoff while conducting pre-launch checks, the people said. The rocket maker delayed the Agnibaan launch last month without giving a clear reason.

As Prime Minister Narendra Modi pushes for the privatization and commercialization of the space sector, Agnikul is seeking to conduct India’s second private rocket launch, following startup Skyroot’s 2022 launch of the Vikram-S rocket.

Last month, Kairos, a small, solid-fuel rocket made by Japan’s Space One, exploded seconds into its inaugural launch as the firm tried to become the first Japanese company to put a satellite in orbit.

The Agnibaan is a customizable, two-stage launch vehicle that can carry a payload of up to 300 kg (660 pounds) into orbit of about 700 km (440 miles), according to the company.

The mission, although just two minutes from launch to splashdown, would be a major technological jump for India, as the Indian Space Research Organization has not successfully flown a semi-cryogenic engine — one that uses a mix of liquid and gas propellant.

Companies ranging from Big Tech to startups around the world are looking to launch their small satellites of up to 500 kg to improve their technologies or for uses such as precise climate monitoring and internet connectivity for remote areas. — Reuters

Big tech’s trapped in a glass house on AI data snatching

MARKUS SPISK-UNSPLASH

A FEW WEEKS AGO, the chief technology officer of OpenAI was asked if her company had used YouTube videos to train its AI systems. First, she gave a blank stare. Then there was a grimace. Finally, Mira Murati gave an answer that avoided the messy and furtive world she and other tech companies were operating in: “Actually, I’m not sure about that.”

According to a New York Times report, OpenAI in fact had trained its AI on “more than one million hours of YouTube videos,” using a speech recognition tool called Whisper. All the conversational text from the transcriptions was used to train GPT-4, the flagship large language model that underpins ChatGPT.

Large tech players racing to build more capable AI models have reached a point where they have fewer and fewer places to look for data on the public web, and taking text from the transcripts of YouTube videos suggests OpenAI has been digging between the proverbial couch cushions, even at the risk of breaking someone’s rules. There’s a decent chance it did. YouTube Chief Executive Officer Neal Mohan told Bloomberg News last week that if OpenAI had used YouTube videos to refine its AI, that would be a “clear violation” of YouTube’s terms of use. OpenAI didn’t respond to a request for comment.

Still, it’s hard to see the tension ratcheting up between OpenAI and Google over this. Google, for one, can hardly complain about a data violation when its entire business has been built on collecting the private data of billions of consumers, often at a startling and surprising scale. Google has also scraped transcription data from some YouTube videos to train its AI models, Mohan told Bloomberg.

So ingrained is data harvesting in the business models of firms like Google and Meta Platforms, Inc. that the ethics of using people’s creative work without consent or compensation seems to have become an elephant in the room that simply isn’t discussed. When a lawyer at Meta recently pointed out the ethical concerns of scraping artists’ intellectual property, they were met with silence according to the Times, which added that Meta executives considered buying a book publisher like Simon & Schuster to get access to more high-quality data but decided that securing licenses would take too long.

In the end, a Meta executive pointed out that, “The only thing that’s holding us back from being as good as ChatGPT is literally just data volume,” the Times reported. Since OpenAI appeared to be taking copyrighted material, Meta could simply follow this “market precedent,” he added.

Of course, Meta itself established the precedent well before OpenAI did, by harvesting vast amounts of personal data from consumers and sharing it with a Byzantine network of third parties. That’s why Mark Zuckerberg himself recently talked up the mountain of Facebook and Instagram data he’s sitting on as an advantage in the AI race. “The next key part of our playbook is learning from unique data,” he told investors in February. “On Facebook and Instagram, there are hundreds of billions of publicly shared images and tens of billions of public videos.”     

Meta and Google didn’t respond to requests for comment.

Has Google tried grabbing some of Meta’s data in the same way OpenAI scraped YouTube? Has Meta tried scraping any of Google’s user data to add to its AI training mountain? We may never know, but it’s plausible that the snatch-and-grab style of data gathering happening in the AI business right now goes beyond OpenAI and YouTube. Mining data is, after all, how these firms became multi-trillion-dollar businesses.

That’s also why it’s hard to see Google or Meta making much of a public fuss about their user data becoming a target for exploitation. That would not only be the ultimate example of throwing stones in glass houses, but it would also remind people of how much their personal lives — and now their creative work — are being turned into someone else’s product.

BLOOMBERG OPINION

Amy Winehouse biopic Back to Black a celebration, its makers say

AMY WINEHOUSE’s lyrics and music were the “guiding star” for director Sam Taylor-Johnson in bringing the late singer’s story to the screen in Back to Black.

The biographical feature film follows Ms. Winehouse’s rise to fame and portrays her relationships with her family and former husband Blake Fielder-Civil.

It comes nearly 13 years after the six-time Grammy Award winner died from alcohol poisoning, aged 27. Considered one of the most talented singers of her generation, her untimely death shook the music world.

Telling the story from Ms. Winehouse’s point of view was essential to Ms. Taylor-Johnson.

“I just wanted it to be in her perspective to kind of give her her agency back because I felt like it had been kind of taken away and she’d just become a victim of her tragedy,” she said at the film’s world premiere in London on Monday.

“I felt like doing it through her words, her music, kind of like brought the music back to life and celebrated her again, and that felt so important. It felt like she deserved that.”

British actress Marisa Abela plays Ms. Winehouse, a role she found both daunting and a dream. “You don’t get parts like Amy every day. And that’s not because she’s Amy Winehouse but it’s because she was everything in one.”

“She was smart and funny and bold and brave, but also incredibly vulnerable and emotional and that’s kind of what I wanted to bring. I wanted to…remind people of the vulnerability of Amy, the girl behind the music.”

Ms. Abela, 27, who performs the “Rehab” singer’s hit songs in the film said she took daily singing lessons for four months and studied Ms. Winehouse’s lyrics in preparation for the role.

Back to Black has been approved by the Amy Winehouse Estate and Ms. Taylor-Johnson also met with Ms. Winehouse’s parents.

“I didn’t need anybody’s approval. And that’s important for me to say because it’s important also to declare I made the exact film I wanted to make. I had all music approvals. But I wanted to meet with the family out of respect for the fact that I was making a film about their daughter, and it felt wrong not to meet with them. And the fact that they’ve approved this since seeing it, is really good,” Ms. Taylor-Johnson said.

“I would hope that Amy would feel proud that her music has stood such a big test of time, and that we’re here to celebrate her again,” she added.

Back to Black begins its global cinematic rollout on April 11. — Reuters