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House OK’s military pension reform measure on 3rd reading

The House of Representatives passed the Military and Uniformed Personnel Pension System Act on Tuesday. — PHILIPPINE STAR/EDD GUMBAN

THE HOUSE of Representatives approved on third and final reading a bill seeking to reform the pension system for military and uniformed personnel (MUP), but without requiring mandatory contributions from active personnel.

Lawmakers voted on House Bill No. 8969 or the Military and Uniformed Personnel Pension System Act past midnight on Tuesday, with 272 in favor, four against and one abstention.

The House-approved version requires only new entrants to contribute to the pension fund. New entrants will have to contribute 9% of their monthly salary as their share, while the National Government (NG) will provide 12%.

“The share of the MUP and the NG may be reduced by the Development Budget Coordination Committee (DBCC) due to adverse fiscal and economic conditions of fiscal constraints of the NG,” the bill stated.

The bill also provides for the automatic indexation of MUP pensions at 100% of the increase in the base pay of active personnel. However, the President is authorized to adjust the pension and survivorship pension at lower rates “due to adverse fiscal or economic conditions,” as certified by the DBCC.

Lawmakers had amended the bill during the plenary last week after Defense Secretary Gilberto C. Teodoro, Jr. objected to the committee report that had capped the indexation of the MUP pension at 50% and required all active personnel and new entrants to contribute to the pension fund.

“The MUP agencies are already very happy with this reform which also significantly improves our fiscal position. It also makes the fiscal risks of the MUP pension system very predictable,” said Albay Rep. Jose Ma. Clemente S. Salceda, who chaired the ad hoc committee on the MUP pension, in a statement.

However, Albay Rep. Edcel C. Lagman, who voted against the bill, said military and uniformed personnel should not be exempted from making contributions to their pension fund.

“It is not a valid reason to exempt MUPs from contribution because they die in line of duty because more employees in the civilian service and the private sector die of work-related causes. Moreover, if military morale matters, so does civilian morale. Why must civilian employees pay through their taxes the pension benefits of MUP retirees,” Mr. Lagman said.

Party-list Rep. Raoul Danniel A. Manuel, who also voted against the bill, said exempting active MUPs from contributing to the pension will be “too burdensome” for the government.

The Department of Finance (DoF) had earlier pushed for a version of the bill that required contributions from all active personnel and new entrants, and removed the full indexation of pensions. 

Finance Secretary Benjamin E. Diokno previously insisted that there is a need to overhaul the MUP pension system, noting that there is a risk of “fiscal collapse.”

“It will not qualify as a reform if indexation will continue and the active members will not contribute. We have to reduce the fiscal impact of the MUP pension program and the contribution of active members will greatly help in managing that,” Mr. Diokno said last month.

At present, all MUPs do not contribute to their pension fund, which is fully funded by the National Government.

Under the measure, all MUPs would be guaranteed a 3% annual adjustment of their base pay over 10 years.

The bill also creates the MUP trust funds, composed of the Armed Forces of the Philippines (AFP) Trust Fund and the Uniformed Personnel Services Trust Fund.

The measure also seeks to include residual assets of the AFP-Retirement and Separation Benefits System (RSBS) as one of the funding sources for the AFP Trust Fund.

The MUP pension program covers members of the AFP, Philippine National Police, the Bureau of Jail Management and Penology, Bureau of Fire Protection, Philippine Public Safety College, the Philippine Coast Guard, and Bureau of Corrections.

The bill is part of the Legislative-Executive Development Advisory Council’s list of 20 priority measures that Congress committed to approve by December. — Beatriz Marie D. Cruz

Michelangelo up close: Exploring the Sistine Chapel exhibition

MICHELANGELO’s The Fall of Man and Expulsion from Paradise and Haman’s Punishment at the Sistine Chapel exhibition at Estancia Mall in Pasig. -BRONTE H. LACSAMANA

THE AVERAGE person never gets much time to look at the frescoes adorning the ceiling of the Vatican’s famed Sistine Chapel, with about 25,000 tourists ushered in and out of the chapel each day. There’s simply no time, no freedom to take photos, and also no way to look closer and appreciate the finer details painted over 60 feet above ground.

To take it even further, the average Filipino is likely not even able to fly all the way to the Vatican in Rome to set foot in the apostolic palace, making full appreciation of Michelangelo’s landmark Renaissance work all the more elusive.

For Sabrina Co and her family, “Michelangelo’s Sistine Chapel: The Exhibition” changed all of that. They stumbled across the traveling exhibit in Vancouver, Canada three years ago and realized this had to be brought to the Philippines.

The exhibit arrived in Manila in July this year, care of Ms. Co’s company ATIN Global, welcoming Filipinos to its solemn yet inviting halls. It features 34 life-sized images of the legendary frescoes which are printed on Decotex for the exhibit.

BusinessWorld took up the enticing offer by Security Bank to see how the elusive works have come closer to the eyes (and phone cameras) of many. (This was a scheduled visit for friends and clients as part of the bank’s initiative to support the arts.)

PROS AND CONS
The rare photos of the original works approved by the Vatican are, admittedly, not of the finest quality. After all, they take on the challenge of rendering flat images that must be adjusted given the curvature of the chapel ceilings.

There’s also the issue of the reproductions being blown up to be larger than life which, on the pro side, allows for Instagram-worthy pictures and puts you at eye level with each brush stroke, cracked portion, and well-defined muscle. On the con side, as anyone who has digitally enlarged or zoomed too much into an image would know, the imperfect quality becomes apparent. People at the exhibit can step right up to the reproduced image and come face-to-face with what our digital-age eyes expect to be in high definition but isn’t.

Based on photos online, it appears that SEE Global, the company that came up with the traveling exhibit, was previously able to display some of the images elevated from the floor and set up high near the ceiling and tilted down, maintaining a reverent distance from visitors.

Perhaps the exhibition space in Estancia Mall couldn’t accommodate that orientation, but it would have been a big improvement. It would have prevented the whole thing from looking kind of like a collection of giant, oversized posters of serviceable quality at first glance, when you first enter the venue.

MULTI-SENSORY EXPERIENCE
But the ambience, which elevates the experience into a multi-sensory one, helps you look past that. It includes fake candles alternating between each board, a mild custom fragrance that evokes Renaissance Italy, and hymns from the time playing faintly from the speakers.

Visitors should come equipped with earphones and the exhibit app that one should ideally have downloaded for the visit beforehand. The audio guides make the tour immersive and educational. Every fresco is explained in detail and with flair, from the Bible story it’s based on, to Michelangelo’s approach to depicting it on plaster.

The relatively steep entrance fee of P650 on the weekdays and P750 on the weekends may seem like a lot, especially if you have high expectations of the exhibit. But the value that it provides makes sense, considering that the real deal entails a whole other expensive trip to Italy where the rushed, 15-minute stroll in the real Sistine Chapel is unable to give visitors a close glimpse of the art nor any of the in-depth information presented in the digital audio guide. Whether it’s worth it or not varies and boils down to a matter of perspective.

A standout would be the reproduction of The Last Judgment, which runs from floor to ceiling, the largest one there, but which is not blown out of proportion to the point of lower quality. The visually striking, monumental painting is easily the most impressive piece, depicting 390 characters in various poses filling the landscapes of heaven, purgatory, and hell.

INSTAGRAM FODDER
While The Creation of Adam is the painting which draws the most netizens taking turns to take photos for Instagram fodder (usually the subject poses in between where God and Adam’s fingers meet), it’s The Creation of Eve that inspired the most curiosity.
The accompanying audio guide details how Eve’s position standing right by where Adam is laying down is symbolic of her being taken from his rib. It also explains why God’s likeness in the painting is relevant, being the first ever to try to portray him from head to toe.

Every prophet and ancestor of Christ has a story on Michelangelo’s frescoes, and it’s awesome to be able to hear about them through your headphones and trace every detail being brought to your attention as you wander about, taking everything in at your own pace.

Though it’s a far from a flawless experience, art students, history nerds, and people of faith can visit the exhibit for a mini pilgrimage, to take the opportunity to understand the splendor of Michelangelo’s remarkable depiction of Biblical events more intimately than ever.

For those who aren’t that familiar with Renaissance art or the Sistine Chapel’s intricacies, this exhibit is a decent starting point.

The exhibit runs until Sept. 30 on the second floor of the Estancia Mall’s North Wing, in Capitol Commons, Pasig City. Tickets are available at the exhibit or online via http://www.sistinechapelphilippines.com/. — Brontë H. Lacsamana

This fall’s 10 most anticipated new books to put on your list

THE DAYS are getting shorter and colder, which means it’s time to think seriously about your fall reading list. We’ve sifted through fall’s newest titles and compiled a top 10 guide, so you don’t have to.

NONFICTION

American Gun: The True Story of the AR-15, by Cameron McWhirter and Zusha Elinson
Farrar, Straus and Giroux, $32

Considered in a vacuum, it’s kind of a sweet story: A lifetime tinkerer invents a prototype that revolutionizes a centuries-old technology. In practice, it skews closer to the horror genre, with an unsuspecting naif unleashing an agent of death into the world. Having justly become a lightning rod in the gun-rights debate, the AR-15’s origins and uses are chronicled in this carefully researched book by two Wall Street Journal reporters. It’s difficult, after reading this book, not to see the AR-15 as a weapon of purposeful mass destruction. Out on Sept. 26.

Be Useful: Seven Tools for Life, by Arnold Schwarzenegger
Penguin Press, $28

In this dishy quasi-biography disguised as a self-help book, Mr. Schwarzenegger discusses his triumphs and failures in equal measure and does his best to entertain. “Californians had elected me to blow up the status quo,” he writes, recalling the catastrophic defeat of a special election he called while governor of California that was perceived as a power grab. “What they were telling me now, at the ballot box, was ‘Hey Schnitzel, we sent you up there to do the work, not bring the work to us.’” Whether or not you take his advice (“shut your mouth, open your mind,” he suggests in Chapter 6) is up to you. Out on Oct. 10.

Jewish Space Lasers: The Rothschilds and 200 Years of Conspiracy Theories, by Mike Rothschild
Melville House, $29

This is not a particularly penetrating investigation, but it’s certainly entertaining. Rothschild, who previously wrote a book on QAnon, is very interested in what’s been said about the famed Rothschild banking dynasty (no relation to the author). He’s less willing to get into the nitty-gritty of what is and isn’t factual; to be fair, there are plenty of exhaustive biographies of the family for those who prefer straight history. Instead, the author does his best to capture the various flavors of crazy that the Rothschilds have inspired for centuries. Some of these crackpot theories are more pernicious than others, but at root each has the same poisonous combination of antisemitism, xenophobia, and stupidity. Out now.

Milton Friedman: The Last Conservative, by Jennifer Burns
Farrar, Straus and Giroux, $35

Ms. Burns, an associate professor of history at Stanford University, wisely takes a holistic approach to Friedman’s life and work, deftly weaving biography with theory and world events. In doing so, she paints a fresh, if not wildly new, picture of the man’s path from indulged overachiever in suburban New Jersey to the world’s most famous and most influential economist. Ms. Burns pays particular attention to the largely uncredited women in Mr. Friedman’s life — though, given the dismal legacy of his free market capitalism, it’s difficult to call them unsung heroes. Out on Nov. 14.

FICTION

The Fraud, by Zadie Smith
Penguin Press, $29
Mashing two very separate stories into one, Ms. Smith first introduces us to Eliza Touchet, a 19th century intellectual forced into the role of housekeeper for her once-famous cousin, the author William Harrison Ainsworth. Through her, we’re introduced to the book’s other protagonist, a man named Andrew Bogle, who grew up enslaved on a plantation in Jamaica. Alerted to his existence by a sham inheritance claim that’s the talk of London, Touchet becomes obsessed with Bogle. Eventually their worlds overlap. The two narratives never quite emulsify, but that’s almost beside the point. Ms. Smith is a dazzlingly skilled writer — the funniest parts of the book entail Touchet recoiling from Ainsworth’s grotesquely florid Victorian style — so it’s best to sit back and simply enjoy her easy, lightly humorous prose. Out now.

The Maniac, by Benjamin Labatut
Penguin Press, $28

If you liked Christopher Nolan’s Oppenheimer, you’ll love this fictional chronicle of the mathematician John von Neumann, widely considered the father of the computer. Mr. Labatut’s previous novel, When We Cease to Understand the World, vivified various scientists and the often-unintended consequences of their breakthroughs; while it became a bestseller (translated into 30 languages and counting), persistent criticism of its superficiality dogged its success. In The Maniac, we get the history of a wealthy Jewish prodigy in prewar Budapest who, by dint of serene genius, transforms the world’s understanding of science and mathematics. Mr. Labatut still occasionally stumbles — a scene in which von Neumann swans into a classroom and solves an unsolvable equation seems to be unconsciously lifted from Good Will Hunting — but this time around, his writing is tighter, smoother and more convincing. Out on Oct. 3.

Family Meal, by Bryan Washington
Riverhead Books, $27

Mr. Washington is a regular columnist for the New York Times magazine who became famous with Lot, his first short story collection, which was named one of Barack Obama’s favorite books of 2019. He has anchored his latest novel with grieving protagonist Cam, who throws himself into meaningless sexual encounters and messy emotional entanglements with equal abandon. The book jumps among perspectives: first Cam, then his dead partner Kai, then his former (but maybe future?) best friend TJ, who runs a family bakery. After a while, the recurring emphasis on the emptiness of sex begins to feel a little adolescent, but Mr. Washington’s empathy for his characters keeps you coming back for more. Out on Oct. 10’

Roman Stories, by Jhumpa Lahiri
Knopf, $27

A masterclass in how to grab readers and never let them go, Ms. Lahiri’s newest collection of short stories presents a mosaic of perspectives loosely set in the Eternal City. Originally published in Italian by the bilingual Ms. Lahiri and translated by the author and editor Todd Portnowitz, the book has her effortlessly switching among class, race and gender and imbuing each protagonist with a unique inner life. Particularly striking is her story Well Lit Houses, told in the first-person perspective of one of Rome’s Muslim immigrants. She’s already won a Pulitzer Prize for fiction; this collection assures her place at the top of the pantheon of contemporary fiction writing. Out on Oct. 10.

Tremor, by Teju Cole
Random House, $28

Readers of Mr. Cole’s first novel in 12 years would be well served to do some homework in advance: If you’re not familiar with the Benin Bronze restitution debate, 15th century master Hans Memling, contemporary painters Luc Tuymans and Lynette Yiadom Boakye, the music of John Coltrane and Thelonius Monk, and the cellist Anner Bylsma’s recording of Bach’s cello suites, start brushing up. The good news is that even if you don’t get around to that, you’ll still enjoy Mr. Cole’s account of an emotionally and intellectually conflicted Harvard professor’s return to Nigeria. (Mr. Cole is a professor at Harvard who grew up in Nigeria.) The storyline is interwoven with a few separate, slightly less interesting threads told in other viewpoints, but Mr. Cole’s confident prose and glittering erudition carry the day. Out on Oct. 17.

Day, by Michael Cunningham
Random House, $28

Is it too soon for a COVID-19 novel? As this one begins, Isabel, a magazine editor, lives in a Brooklyn, New York, brownstone with her two elementary-school aged children and husband Dan, a never-famous singer. (Mr. Cunningham briefly slips into magical realism by making Isabel the breadwinner.) They’re joined by her brother Robbie, who’s forgone medical school and lives in their attic. Mr. Cunningham, who shot to fame with his novel The Hours, here sets up a true-to-life family dynamic: The kids both rely on and resent their parents, and the parents have nearly the same relationship with one another. Once the pandemic sets in, it slowly becomes clear that something or someone is going to snap — the only questions are who and when. Out on Nov. 14. –Bloomberg

Arts&Culture (09/27/23)


Filipinas Heritage Library tackles jazz

THE FILIPINAS Heritage Library in partnership with Purefoods Deli presents “Jeepney Jazz Talks: In Search of Philippine Jazz” with Richie Quirino and Sandra Lim-Viray. The lecture will be held on Sept. 29, 2 p.m., at the Ayala Museum on Makati Ave., Makati, and also online via Zoom and Facebook Live. “Jeepney Jazz” is a music appreciation program that tunes the jazz ear. The inaugural talk starts with a provocation: Does Philippine jazz even exist? If so, what makes it unique? Why is it key to our pop music heritage? Jazz historian Richie Quirino and Sandra Lim-Viray, jazz vocalist and festival organizer, will debate these topics among others on Friday. Admission is free. The discussion kicks off the “Jeepney Jazz” program which includes a series of performances in October and November. Jeepney Jazz: Session One features Project 201 performing Indigenous music and jazzy OPM on Oct. 13. Jeepney Jazz: Session Two features Dan Gil and Bituin Escalante as they debit New York, Cubao, an original jazz musical on Oct. 28. Jeepney Jazz: Session Three will feature Johnny Alegre and HUMANFOLK performing Indigenous and Urban Folk on Nov. 17. All performances will be at the Ayala Museum at 6-8:30 p.m. Tickets to the Jeepney Jazz Session performances are P2,000 for regular tickets, P1,600 discounted tickets for students, teachers, Ayala Group employees, Ayala Museum members, and FHL Research Pass holders, and P1,400 for Seniors and PWDs. Rates are inclusive of food and drink. For inquiries:
e-mail asklibrarian@filipinaslibrary.org.ph.


Martial Law art exhibit free to the public

“PAGLABAN sa Pagkalimot,” an exhibition that commemorates the 51st anniversary of the declaration of Martial Law, is on view at the De La Salle-College of Saint Benilde (DLS-CSB), until Sept. 29. The exhibition aims to counter misconceptions,” revisionism, distortion of history, while it sheds light on the atrocities and horrors during one of the darkest chapters in the country. It is organized by the Center for Social Action (CSA) and the Benilde Arts Management (BeAM) of DLS-CSB. The show includes “Ang Tanda-Tanda Mo Na, Sinungaling Ka Pa Rin!,” a collection of hand-sketched portraits of Martial Law victims by Fashion Design and Merchandising and Production Design students who honed their freehand drawing skills under the tutelage of artist-educator RM De Leon. Also included are hard copies of Rekindled: Children’s Narratives, a 47-page e-book that aims to provide another window into the dictatorship through the lenses of the children and grandchildren of activists. The showcase likewise presents “Miss Conception,” an immersive website against misinformation, built for the younger generation of visual learners by Benilde Multimedia Arts talents. Also on view is Tatsulok, a 2023 musical short film that advocates for truth and justice produced by Dulaang Filipino, the resident theater group of the college. Paglaban sa Pagkalimot is on view until Sept. 29 at the Main Lobby of the Atrium Campus of DLS-CSB, 950 Pablo Ocampo St., Malate, Manila. Afterwards, the travelling show will be mounted at various La Salle schools (La Salle Green Hills, Benilde Antipolo, La Salle Lipa, and La Salle Academy).


ARTablado presents Colab exhibit

ARTISTIC practice can be compared to a laboratory: a place to experiment, analyze, discover. For artists who are lifelong learners, the need for collaboration was chosen as the central idea for a group show at the ARTablado space in Robinsons Antipolo. On view until Sept. 30, Colab features the works of Esang Bejasa Adame, Ismael Esber, Jhael Mataverde, Joanne Rebustillo, Lorielito Puserio, Orly Espiritu, Reynaldo J. De la Peña, Rodgie Gapayao, Viel Samaniego, Warlito Gabriel, Ovidio Espiritu, Jr., and Ovidio Espiritu III.


Light/sound show, folk creatures cap CCP’s 54th year

MYTHICAL folk creatures like the kapre, aswang, nuno sa punso, tikbalang, diwata, and manananggal, collectively dubbed Tanod-lupa, find a new home at the CCP Liwasang KaLIKHAsan through arts installations by visual artist Abdulmari “Toym” De Leon-Imao, Jr. They began their migration into the park in April during the Earth Day celebrations. Together with Sinag 2023: Tuloy Ang Palabas, a light, sound, and projection show marking the 54th founding anniversary of the Cultural Center of the Philippines (CCP), they will be exhibited around the Liwasan for photo ops, supplemented by soundscapes designed by TJ Ramos. Slated on Sept. 28, 7 p.m., at the Front Lawn, the iconic façade of CCP will serve as a canvas for a show conceptualized by CCP light designers Camille Balistoy, Danilo Villanueva, Louie Alcoran, and Shantie De Roca. It will be complemented by Soundridemusic and Makai-symphony’s playful and apocalyptic music, spliced by Jerry Tria. A video mapping projection (created by Reily Villaruz) caps the show, set to the music of Jed Balsamo’s Rurok. For the Tanod-Lupa art installation, Mr. Imao added new elements to the layout, including three more mythological creatures. The creatures are brought to life through welded steel, ropes, and lanterns, illuminated with colorful LED lights. The Sinag 2023 lights and sounds show at the CCP Front Lawn will be held nightly, 7-9:30 p.m., from Sept. 29 to Oct. 1, with shows at 30-minute intervals. Tanod-Lupa at Liwasang KaLIKHAsan is free and open to the public from 6 to 9 p.m., every day except Monday.


The opera Fedora screens on HD

THE CULTURAL Center of the Philippines’ (CCP) “The Met: Live HD Season 8” continues with the screening of Umberto Giordano’s opera, the thrilling drama Fedora, on Oct. 3 at Greenbelt 3’s Cinema 1 in Makati City. A love story filled with murder, revenge, and intrigue; the opera follows Princess Fedora in her quest to avenge the murder of her beloved Count. It turns out that the count has betrayed her with another woman, the wife of the alleged murderer. After meeting the murderer and hearing his confession, Fedora realizes that she has fallen in love with him. Mr. Giordano’s opera — which first premiered in 1898 — made a comeback in 2022, with the Metropolitan Theater of New York taking it out of their repository after 25 years and giving it a fresh appeal. Fedora features soprano Sonya Yoncheva playing Fedora and star tenor Piotr Beczała singing Count Loris. The Met: Live in HD recreates the experience of watching a production at the Met “live” through High-Definition (HD) digital video technology and Dolby Sound. Tickets are priced at P450. Students and young professionals may pay P100 upon presentation of a valid ID. Tickets are available at Greenbelt ticket booths and the website www.sureseats.com.


Handwoven pieces showcased at Robinsons Galleria

ART encompasses so much more than paintings, sculpture, and photography. At ARTablado in Robinsons Galleria until Oct. 11, handwoven tapestries take the spotlight in “Art Weave: A Tapestry of Life & the Arts.” Made by skilled artisans from the Cordilleras, the mounted pieces showcase new designs that mimic paintings but that are made entirely of thread. There will also be weaving art workshops where participants can learn the basics and make their own mini woven work of art. The workshops run for around 90 minutes and are priced at P1,500 per person inclusive of a kit and materials that they can take home and work on after. The workshops are on Sept. 29 (1:30-3 p.m. and 6-7:30 p.m.) and Sept. 30 (1:30-3 p.m.).


‘Bisita Planeta’ exhibit shows physical, virtual worlds

THE CULTURAL Center of the Philippines (CCP), through its Visual Arts and Museum Division, presents “Bisita Planeta,” an interactive generative audio composition that can only be listened to in its contrapuntal entirety online via the 21st Century Art Museum (21AM) website. The exhibit started on Sept. 21 and will run until 2024. It was commissioned for 21AM and created by sound artist Tad Ermitaño, who is a key figure in new media art in the Philippines and Southeast Asia. The physical dimension comprises four musical instrument artworks that transmit sounds to the internet. As the instruments send live audio over the internet to the Bisita Planeta website, each instrument is hosted at a physical location that is open to the public. Playing different parts of a composition, the automated instruments are placed in the Bulwagang Roberto Chabet at the Tanghalang Ignacio B. Gimenez (CCP Blackbox Theater), the Parola UP Fine Arts Gallery at UP Diliman, the Alitaptap Art Café at the Alitaptap Artists Community (AAC) in Amadeo, Cavite City, and the Linangan Art Residency in Alfonso, Cavite. This mechanism adds aspects of pilgrimage and collection to the work, encouraging members of the audience to visit its distributed, far-flung machines as proof of having completed the set of possible visitations. The virtual facet is a 3D game-like website, a portal where these sonic transmissions converge and resonate simultaneously via phones or laptops. The “Bisita Planeta” exhibition can be found at the 21am.culturalcenter.gov.ph/en/exhibits and at the four partner art spaces at the CCP, UP Diliman, Amadeo, Cavite, and Alfonso, Cavite.


Hamilton’s Asian premiere

THE TONY, Grammy, Olivier, and Pulitzer Prize-winning musical Hamilton made its Asian debut in Manila at The Theatre at Solaire on Sept. 21. “Good things come to those who wait, and I know Hamilton’s Filipino fans have been waiting patiently for this moment to arrive,” said Michael Cassel, producer of the international tour. “The Manila audiences responded with such warmth, enthusiasm and generosity — we couldn’t be more thrilled, and we are ecstatic to bring the revolution to Asia for the very first time.” The tour continues with performances at The Theatre at Solaire until November with further extensions not possible. Tickets are available at hamiltonmusical.com/international-tour.

Cebu Landmasters firms up entry in Luzon, sets mid-2024 launch

CEBU LANDMASTERS, Inc. (CLI) targets to start its first project in Luzon by the middle of next year, or just after marking its 20th year as a property developer largely focused on the Visayas and Mindanao markets.

“The plan begins as early as next year, with intentions to break ground in the country’s biggest island cluster by mid-2024. The much-anticipated move forms part of CLI’s strategy of driving the company’s capital, expanding its portfolio, and striving for sustainability,” the company said in a statement on Tuesday. 

Previously, CLI said that it was aiming to first introduce its economic housing brand Casa Mira as part of the company’s Luzon expansion.

“Investing in real estate carries a significant societal responsibility as it directly impacts the challenge of bridging the housing gap and the overall development of our country,” CLI Chairman and Chief Executive Officer Jose R. Soberano III said.   

“As developers, our role’s impact to the community is huge, and I am here to serve however I can through Cebu Landmasters,” he added.

CLI, founded in 2003, recently celebrated its 20th anniversary. The company’s portfolio consists of residences, offices, hotels and resorts, mixed-use developments, and townships.

The real estate developer has over 100 real estate projects in various stages of development across 16 cities in Visayas and Mindanao. 

“We value where we come from as we continue to grow and learn to give our best in serving our customers,” Mr. Soberano said in a recent company town hall meeting.

“Twenty years is the time when a person is starting to blossom but has yet to grow into full maturity. As CLI celebrates two decades of real estate development, I can say that we have only started to bring CLI to its future,” he added.

Meanwhile, CLI announced that Mr. Soberano won the Real Estate Personality of the Year at the 11th Annual PropertyGuru Philippines property awards.

The company’s first-half consolidated net income improved 32% to P2.1 billion versus the P1.6 billion posted a year ago.

On Tuesday, shares of CLI at the local bourse fell one centavo or 0.38% to close at P2.63 apiece. — Revin Mikhael D. Ochave

Megaworld targets to finish its BGC residential condo by 2032 

LISTED property developer Megaworld Corp. has projected the completion of its Uptown Modern residential condominium tower in Bonifacio Global City (BGC) by 2032.

“Being the biggest single-tower Megaworld residential development in Uptown Bonifacio in terms of the number of units, the company expects to generate around P29 billion in sales from this tower, which is scheduled for completion by 2032,” the company said in a regulatory filing on Tuesday.

Uptown Modern is a 54-storey tower that will feature over 1,000 units, the company said about its sixth residential condo tower within the 15.4-hectare Uptown Bonifacio township in Taguig City. 

According to Megaworld, the project’s unit sizes start from a studio with and without a balcony measuring up to 49 square meters (sq.m.), one bedroom with a balcony (up to 83 sq.m.), two bedrooms with a balcony or lanai (up to 100 sq.m.), two-bedroom loft with or without lanai (up to 183 sq.m.), and three bedrooms with a balcony (up to 139 sq.m.)

All units of Uptown Modern will have wireless smart home systems that can be accessed remotely via a dedicated smartphone app. This allows the control of several unit features such as lighting fixtures and other smart appliances in the living, kitchen, and dining areas, as well as the bedroom.

Each unit will also have a digital lockset for the main door, inverter split-type air-conditioning units, induction cooktop with range hood, refrigerator, microwave oven, and washer-dryer. The bigger units will also have built-in ovens. 

“For Uptown Modern, our vision is to cater to the evolving needs of today’s condo dwellers by developing an all-in-one residential address that integrates luxury and sustainability,” Megaworld Executive Vice-President for Sales and Marketing Noli D. Hernandez said.

Megaworld said that Uptown Modern’s façade will feature six sky gardens located on the 14th, 27th, 39th, and 47th floors, as well as two roof gardens on the 39th and 47th floors.

“The ground level of the tower will have its own retail shops, which will feature a distinct mix of shopping and dining outlets that will complement the nearby Uptown Parade,” Megaworld said.

The exclusive amenities will be on the sixth floor of the tower, which include an infinity pool with jacuzzi and pool deck, kiddie pool with aquatic playground, daybed cabanas, zen reading nook, gazebos, trellised lounge areas, outdoor function area, sunken lawn, activity lawn, children’s playground, and an outdoor fitness gym featuring various energy-generating equipment.

Other amenities include a function hall with its own lanai, an indoor fitness center, a game room, a music room, and a daycare center. The tower will also have an entertainment suite with a garden lanai, a dry pantry, and a mini-bar.

Uptown Modern will also have electric vehicle charging facilities on all seven parking floors located at the basement and podium levels, marking the company’s first residential condominium tower in Metro Manila to have the feature. 

“Uptown Modern will also have 100% backup power for all units and common areas–a first-of-its-kind feature for a residential development in Uptown Bonifacio. This helps prevent any disruption during power outages or interruptions in all units,” Megaworld said.

With Uptown Modern, Megaworld has launched an inventory of about 4,500 residential units in Uptown Bonifacio. Other residential developments in the township are One Uptown Residences, Uptown Ritz, Uptown Parksuites, and Uptown Arts Residence.

Megaworld shares rose one centavo or 0.5% to close at P2.01 apiece on Tuesday. — Revin Mikhael D. Ochave

David McCallum, The Man from U.N.C.L.E. and NCIS actor, 90

DAVID MCCALLUM, seen here with his NCIS co-star Mark Harmon, played medical examiner Donald ‘Ducky’ Mallard on the show from 2003 to 2023. -IMDB.COM

WASHINGTON — David McCallum, who became one of TV’s biggest stars of the 1960s playing Russian spy Illya Kuryakin on The Man from U.N.C.L.E. and then won over a new generation of fans on the popular NCIS series decades later, has died at 90, the producers of NCIS said on Monday.

“We are deeply saddened by the passing of David McCallum and privileged that CBS was his home for so many years. David was a gifted actor and author, and beloved by many around the world,” NCIS said on social media.

Variety reported that he died of natural causes.

The Scottish-born son of two musicians had an acting career spanning seven decades that dated back to his student days in the 1950s at London’s Royal Academy of Dramatic Art, where one of his classmates was future star Joan Collins.

He launched his career with supporting parts in a number of British films, including A Night to Remember in 1958, where he played Harold Bride, radio operator on the doomed Titanic. He gained the attention of American audiences with his small but pivotal role as one of the prisoners of war plotting a mass breakout from a German prison camp in the 1963 World War II classic The Great Escape.

The film featured a star-studded international cast including Steve McQueen, Richard Attenborough, and James Garner. During filming, Mr. McCallum introduced his wife, Jill Ireland, to co-star Charles Bronson, whom she married after leaving Mr. McCallum.

Mr. McCallum also guest-starred in a number of American TV shows including The Outer Limits and the legal drama Perry Mason, where he did a comic turn as a hapless, unlucky-in-love Frenchman. In 1964, he appeared in the pilot of a spy series starring American actor Robert Vaughn as The Man from U.N.C.L.E. McCallum’s part, in which he spoke only a few lines, was to prove his launchpad to international fame.

The show was designed as a showcase for Mr. Vaughn as the dashing Napoleon Solo, battling nefarious agents from THRUSH. Mr. McCallum played fellow U.N.C.L.E agent Illya Kuryakin. Sporting a blond Beatle haircut and cloaked in mystery and sex appeal, he quickly became a hit with fans and was elevated to co-star, alongside Mr. Vaughn.

The role earned Mr. McCallum two Emmy nominations and the status of a pop culture idol. MGM, which produced the show, said he attracted more fan mail than any other star in the studio’s celebrated history, although Mr. McCallum later insisted that “Vaughn got as much as I did.”

In a 2016 interview with Britain’s Mirror newspaper, Mr. McCallum said his fans were so ardent that during a walk in Manhattan’s Central Park while the program was airing, a crowd gathered around him.

“Then people started pushing, and from the back came two mounted policemen, who had to lift me up. We trotted out of the park,” he said.

Discussing the appeal of the show, which aired for four seasons, Mr. McCallum told the Radio Times in 2015: “It came on at a time when there was tremendous anguish with the Vietnam War and concerns about the Cold War. It was a difficult time in America and a story about two agents, one American and one Russian, who seemed to be very friendly and able to work together in spite of all the anguish, caught on with the public.”

Mr. McCallum reunited with Mr. Vaughn in a 1983 TV movie, Return of the Man from U.N.C.L.E, and a 1986 episode of The A-Team, titled “The Say U.N.CL.E. Affair.” Mr. Vaughn died in 2016.

AFTER KURYAKIN
In subsequent years, Mr. McCallum remained busy, especially on TV, starring in the British series Colditz from 1972 to 1974 and Sapphire & Steel from 1979 to 1982. He also appeared as a guest on a number of popular American television shows, including Hart to Hart, Matlock, Murder She Wrote, Law and Order, and Sex and the City.

A new brush with fame awaited when Mr. McCallum took on the role of medical examiner Donald “Ducky” Mallard on the CBS military detective show NCIS. It was one of US television’s most popular programs during a run exceeding 19 years.

Mr. McCallum, who told New Zealand TV Guide it was his “best role ever,” immersed himself in the part by studying forensic medicine, speaking at pathologists’, conventions and even attending autopsies.

“I’ve had an incredible life,” Mr. McCallum told the Mirror. “I can sit here for a week and talk to you about the past and 99.9% will be positive.”

He was the father of five children with Ireland and his second wife, Katherine Carpenter, whom he married in 1967.

Even with his success on NCIS, in which he appeared into his 80s, Mr. McCallum never quite escaped the aura of the character that made him famous.

The lead investigator in NCIS, played by Mark Harmon, is asked in one episode what Mr. McCallum’s character looked like as a younger man.

“Illya Kuryakin,” he replies. — Reuters

SEC backs reduced taxes on stock transactions 

THE Securities and Exchange Commission (SEC) has backed a proposed legislative measure to reduce the taxes on stock transactions, which it expects to help boost the domestic capital market. 

In a statement on Tuesday, the SEC said it supports House Bill (HB) No. 9277 filed on Sept. 21 which seeks to lower the stock transaction tax (STT) to 0.1% of the stock value from the current rate of 0.6%. The bill also aims to reduce the tax on dividends of foreign nonresidents to 10% from 25%.

“The SEC welcomes the efforts of our legislators to boost the capital market, as this recognizes the contribution and potential of the financial sector to help in the development of the Philippine economy, toward easing and improving the lives of all Filipinos,” SEC Chairperson Emilio B. Aquino said. 

“We will work closely with our lawmakers to ensure that new laws and policies will be reflective of the needs and demands of the market and investors, while still balancing the commission’s role as regulator,” he added.

HB 9277, which is pending at the committee level, is a substitute bill to HB 8958 filed by Albay Rep. Jose Ma. Clemente S. Salceda on Aug. 23. HB 8958 also proposed lower taxes on stock transactions to encourage greater participation of local and foreign investors in the Philippine capital market. 

Meanwhile, the SEC said it had been implementing initiatives to urge more investors into the capital market such as the shorter settlement cycle to two days from three days.

The corporate regulator also empowered funding portals to act as registrars of qualified institutional and individual buyers of securities, removing the need to use third-party institutions and helping potential investors with their application as qualified buyers. 

“Further, the SEC has cited the potential of short selling to boost trading activity in the Philippines as shown by the approval of the Philippine Stock Exchange guidelines on short selling transactions in 2018,” the commission said. — Revin Mikhael D. Ochave

Hollywood prepares for partial return to work after writers’ deal

PEDRO MARROQUIN-UNSPLASH

LOS ANGELES — Talk show producers started planning new episodes on Monday, the first steps to put Hollywood back to work after writers reached a tentative deal to end their nearly five-month strike.

The Writers Guild of America (WGA), which represents roughly 11,500 film and television writers, reached a preliminary three-year deal with major studios on Sunday. The agreement still must be approved by the union’s leadership and members.

While actors remain on strike, late-night and daytime talk shows may resume production once their writers receive the Guild’s greenlight to return to work in the coming days or weeks.

The Drew Barrymore Show is aiming to go back on the air in October, a source with knowledge of the plans said. Ms. Barrymore had sparked a backlash by announcing she was going to bring the show back in mid-September, a decision she reversed.

Representatives for late-night shows such as The Tonight Show with Jimmy Fallon had no comment on when they would air fresh episodes.

Scripted series will not be able to resume filming until the SAG-AFTRA actors union reaches an agreement with studios. The actors walked off the job in July, demanding higher wages and limits to the use of artificial intelligence on screen.

Film and television producer Todd Garner said he expects that once actors reach a deal, scores of productions will race to restart at once.

“Remember during the pandemic, when Long Beach had all of those ships waiting?” said Mr. Garner, referring to the logjam of cargo ships stranded in the southern California port. “That’s our business right now. I’m guessing there are 250 ships in the harbor right now.”

Major television shows and movies are contractually in first position with actors, Mr. Garner said. Work on uncompleted projects such his own movie, Mortal Kombat II, will need to be finished first, before other projects can get under way.

“Until we get all these big ships out of the harbor, nothing new is going to be started, unless it’s with actors who previously weren’t committed to something else,” Mr. Garner said.

Shares of big media companies gave up early gains on Monday.
Warner Bros. Discovery closed down nearly 4%, Comcast fell almost 1% and Walt Disney dropped 0.3%.

Investors of the media companies have been concerned about the financial fallout from the strikes that had initially boosted cash flows due to lower spending, but has started eating into earnings.

The deal with writers “will also mean the studios and streaming services will now focus fully on actors’ demands,” said Susannah Streeter, head of money and markets at Hargreaves Lansdown.

“Already it’s likely that the big studios will face a significant hit in 12-18 months time, with so little in the pipeline and bosses are now desperate for new content to attract eyes to big and small screens.”

Warner Bros. Discovery had earlier warned that the company’s full-year adjusted core profit would take a hit of up to $500 million due to project delays from disruptions.

Its shares have dropped nearly 14% since the writers’ strike started on May 2, while Paramount, Disney and Netflix have lost between 20% and 45%. In comparison, the benchmark S&P 500 index has risen nearly 5%.

Netflix, however, rose 1.3%. Analysts have said the streaming giant was better placed than its media rivals as it has production operations and staff in regions outside of the US, which are not affected by the strike.

“The total spend on shows will be little changed, as studios will either cut spending from other elements of show production or reduce the number of new shows they produce (a process already under way) to pay for increased costs from writers,” said Rosenblatt analyst Barton Crockett. — Reuters

First Gen says LNG terminal to run before yearend

LOPEZ-LED First Gen Corp. aims to start operating its offshore liquefied natural gas (LNG) terminal in Batangas before yearend and to complete the commissioning process by October, its president said.

“Hopefully, before the end of the year, it’s already complete, it’s already operational. What we need to do is to figure out how to [sustain] our regular LNG supply,” First Gen President and Chief Operating Officer Francis Giles B. Puno told reporters on the sidelines of a conference on Tuesday.

He said the sourcing of the supply would depend on the market, but preferably during summer months when LNG is more affordable.

Mr. Puno said First Gen had received its first LNG shipment last month.

“We have the floating storage and regasification unit [FSRU], then we have the onshore facilities. Both of them are going through commissioning, so they are not yet connected. So, sometime by mid-October, hopefully, they will be connected,” he said.

In July, First Gen told the local bourse that it had secured an LNG cargo from Shell Eastern Trading Pte. Ltd. for the delivery of 154,500 cubic meters of LNG.

An LNG carrier will facilitate the gassing-up and cooling-down of the BW Batangas FSRU at Subic Bay before the cargo’s transfer into storage tanks on board.

The BW Batangas is the FSRU of First Gen’s wholly owned subsidiary FGEN LNG Corp. and floating gas infrastructure developer BW LNG.

It will provide LNG storage and regasification services to First Gen’s existing and planned gas-fired power plants and third-party terminal users.

After the LNG transfer into the storage tanks, the BW Batangas will then return to FGEN LNG’s terminal in Batangas to complete commissioning activities.

The cargo will be used by the company’s four natural gas-fired power plants in Batangas with a combined capacity of 2,017 megawatts that are currently supplied by the Malampaya gas field.

LNG is seen as the answer to the country’s power needs amid a looming power crisis with the expected depletion by 2027 of the Malampaya field, the country’s only indigenous source of natural gas.

On Tuesday, First Gen shares went up by 34 centavos or 1.86% to close at P18.58 apiece. — Sheldeen Joy Talavera

Oscar-winning Italian actress Sophia Loren hospitalized after fall

SOPHIA LOREN in the 1964 hit film Marriage Italian Style. -IMDB.COM

ROME — Oscar-winning Italian film star Sophia Loren, a national icon and one of the most enduring movie divas of the 20th century, has had surgery after a fall in her home in Geneva, her spokesperson said on Monday.

The operation on Ms. Loren, 89, “went well and now she needs to rest and everything will be resolved,” the spokesperson told Reuters in an e-mail.

He gave no details but said Italian media reports were correct. The reports said she had an accidental fall in her home in Geneva on Sunday and had suffered a broken hip.

Ms. Loren has won two Oscars, the first in 1961 for her tragic portrayal of a war-time mother in Vittorio De Sica’s neo-realistic classic La Ciociara (Two Women). The second was a career award in 1991.

Some of her most memorable and successful films were made with fellow Italian co-star Marcello Mastroianni, who died in 1996. She has also co-stared with Cary Grant, Marlon Brando, Frank Sinatra, and Paul Newman, among other 20th century film giants.

Her most recent starring role was in 2020’s La Vita Davanti a Se (The Life Ahead).

In it, she plays a former prostitute and Holocaust survivor who looks after children of working prostitutes in the southern Italian city of Bari and helps an orphaned Senegalese migrant boy who had robbed her.

It was directed by her son, Edoardo Ponti.

News of the fall and hospitalization was first reported on the Facebook page of Sophia Loren Restaurant, a chain of venues that bears her name.

It said she had been planning to open a new one, the fourth in Italy, in Bari on Tuesday. — Reuters

Four days in a Palawan paradise: GDP growth and 400 years of evangelization

RIOHONDO-EN.WIKIPEDIA

(Part 3)

Because of the very nature of the Palawan Business Club (PBC) that was put up to apply the spirit of solidarity to the business community in this paradise province — which is endowed with 1,200 islands, lush forests, pristine beaches (especially San Vicente), and very diverse aquaculture and marine endowments — they sought my advice on which of the national socio-economic objectives they can particularly contribute to.

To define the national economic good, both Jess Estanislao and I made reference to the National Economic and Development Authority (NEDA) vision of Ambisyon Natin 2040 in which every Filipino should have attained the material comfort that citizens of First World Country (like South Korea or Taiwan) have already attained today. I also referred to what the present Administration should do to move towards that goal.

I first told them of my firm conviction that, on the basis of what we already have accomplished during the decade prior to the pandemic, the objective of the Government of Ferdinand Marcos, Jr. to attain GDP growth annually of 6-7% in the next five to six years is very much within reach. The reason I give is that with the critical mass of sound economic institutions (like the Central Bank and Department of Finance) we have built over the last 30 years of slow and painful reforms, together with our demographic dividend of a young and growing population, our population (115 million today) will be the basis of  consumption-led growth, with purchasing power being mostly generated by OFW remittances, the earnings of the business process outsourcing-information technology (BPO-IT) industry, and the ever reliable domestic tourism sector.

Although our GDP growth of 6-7% is already among the highest in the region, it will not be enough to bring down our double-digit poverty incidence of some 13-15% to the desirable single-digit level of 9% or lower. We must have growth of 8-10% to really combat poverty more aggressively. To attain this rate of growth, the President must deliver on three critical points:

1. Improve the productivity of the agricultural sector so that it can grow at a modest 2-3%, which is the standard that was set by Thailand and Vietnam over the last two decades.

2. Increase the ratio of investment to GDP from an average of 21% today to close to the average of our East Asian neighbors, which is anywhere from 25% to 35%.

To do this there is no alternative but to attract a massive amount of Foreign Direct Investments (as Vietnam is doing) because the Philippines is highly indebted and is unable to generate enough long-term capital needed to continue the build, build, build program and to invest in large-scale agribusiness ventures like the Lionheart Farms. It is a good sign that large agribusiness enterprises from the United States, like Cargill and John Deere, are coming in a trade mission sometime in September to explore opportunities of investing in the Philippines in what called “precision agriculture” which can bring in both advance technology and long-term capital from the US.

Only capital and technology from abroad will enable us to accelerate our growth of 6-7% annually based on a consumption-led economy to 8-10% with a greater push from the side of capital formation or investments. The Government can only do so much as it tries to lower the debt-to-GDP ratio to much more comfortable levels below 60%. It must be recalled that before the pandemic that debt-to-GDP ratio was hovering at 30%, earning us upgrades in our credit rating.

3. Reduce significantly the huge financial leakages caused by corruption, both on the part of the Government and that of the private sector.

It is obvious that the Palawan business community — in partnership with both national and local governments — can do much when it comes to investments to improve agricultural productivity as Lionheart Farms is already doing. As regards increasing investments — especially FDIs — groups like the Palawan Business Club and the various business chambers have an important role in organizing road shows in countries rich with long-term capital and appropriate technology like Japan, South Korea, Taiwan, and Spain.

In fact, the PBC is already planning an intermediate stage of holding the next road show in the first quarter of 2024 in Metro Manila, to facilitate the attendance of the CEOs of the large business conglomerates and financial institutions that can be the source of at least whatever domestic long-term capital is still available before venturing abroad. In this regard, I told them how the Maharlika Fund — if properly focused on the right industries — can help attract larger amounts of FDIs.

Finally, I told them it was a good sign that their Governor was closely coordinating with the Institute for Solidarity of Asia (ISA) in the very important task of combatting corruption at all levels. In fact, Jess was even more bullish than I about the attainable growth rate if corruption is indeed eradicated. He said that Palawan should not be satisfied with a regional GDP growth rate of only 8-10% but should strive for a higher rate of 10-12%, closer to the rates attained by China during the glory years of Deng Xiao Peng in the last century.

To illustrate in a dramatic way that economic progress is not the end-all and be-all of integral human development, the rest of four days in paradise were spent on the celebration of the 400th anniversary of the start of Christian evangelization by the Agustinian Recollect Order in 1623.

The celebration had enough significance to warrant the presence of the Papal Nuncio himself, the Very Rev. Charles John Brown and the Archbishop of Manila, His Eminence Jose Cardinal Advincula. Also present were Bishop Pablo Virgilio David, President of the Catholic Bishops’ Conference of the Philippines (CBCP) and the Most Rev. Socrates C. Mesiona, Apostolic Vicariate of Puerto Princesa.

In one of the sessions during the Palawan Business Club road show, Rev. Fr. Rene Paglinawan, Order of Augustinian Recollect (OAR) and Archivist of the Order in Rome, gave the audience very important insights about the history of Christianity in Palawan. It was in 1623 when systematized evangelization of the entire province (the biggest in the Philippines) was started by the Agustinian Recollect order in Puerto Princesa. There were already some priests in Cuyo island before that year, but it was in 1623 that formal evangelization began.

Christianity in the Philippines has gone a long way during the last four centuries. Fr. Paglinawan is a top official in the entire Agustinian order worldwide. He is the order’s archivist based in Rome. He reminded me of top Filipinos who are also global heads of important religious orders, such as Brother Armin Luistro, F.S.C, who now heads the worldwide organization of the De La Salle Christian Brothers. Then there is Cardinal Luis Tagle who is one of the top officials in the Vatican, considered by some as a papabile.

(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