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Bridging art and hospitality: New exhibit at airport hotel presents Filipino sensibilities

PAINTINGS by four Filipino watercolor artists are showcased at Belmont Hotel.

“OUR ART encompasses everything we are as Filipinos,” said Sharlene Z. Batin, the Department of Tourism’s regional director for the National Capital Region.

“It is a testament to the growing love, knowledge, and substantive appreciation of what we have. Our culture and our heritage — what makes us uniquely us — is always reflected in what we wear, what we eat, what things we use at home. Of course, it is reflected in our arts.”

This panoptic view of the role of art in the Philippine consciousness served as a guiding light for the tourism industry’s leadership when it launched the exhibit “HIRAYA: A Visual Feast of Filipino Culture” on Aug. 16. The show, held at Megaworld property Belmont Hotel Manila, marks the first partnership between the hotel and the creative agency Artistespace.

“Though we have a permanent gallery in Capitol Commons, we can access wider audiences by partnering with a known airport hotel. We can reach people from all over the country, all over the world, and people of all ages, even kids as young as five years old,” Anton Magpantay, managing director of ArtisteSpace, told BusinessWorld at the opening.

With this in mind, the exhibit displays artworks from five award-winning Filipino artists: watercolor painters Wilfredo “Yeye” Calderon, Rene Canlas, Rolan Guina, and Joie Pabilando, and wood sculptor Joel Ajero. Their works are on view in the lobby of the Belmont Hotel.

Because of the hotel’s strategic location, being connected to Terminal 3 of the Ninoy Aquino International Airport via the Runway Manila footbridge, the Belmont exhibit was curated with much thought.

“These are all contemporary artworks that have universal appeal but with an unmistakable Filipino touch, so they can be appreciated by hotel guests coming in from various countries and provinces,” said Mr. Magpantay.

According to Socrates “Sonny” Alvaro, the general manager of Belmont Hotel Manila, the exhibit bridges art and hospitality.

“This is both a creative get-together for the artists brought by Artistespace and also an opportunity for our hotel to showcase the best of Filipino food, service, and hospitality,” Mr. Alvaro said in his opening speech.

One of the highly detailed watercolor paintings by Rolan Guina, Good Day, proves this point by depicting old potted plants akin to the ones seen in a rundown Filipino ancestral home, with overgrown tropical flora in the back. Here, there’s familiarity, the plants vividly untamed yet warm and welcoming.

Photo-realistic artworks by Joie Pabilando provide a unique glimpse into common scenery found in the Philippines. A larger-than-life painting entitled Just the Two shows with lifelike accuracy a girl crouched down and interacting with two white doves, which takes on a melancholic mood looking like it’s viewed from a window with raindrops on the surface.

A seascape by Wilfredo “Yeye” Calderon, Shore Fishing, shows a fisherman, appearing small on the shoreline where he stands. With the vast skies and nearby large cliff as witnesses, he persists with his little task.

There is also The Cliff by Rene Canlas, depicting what initially seems to just be a sweeping image of blue and white waves from atop brown, rough cliffs. A closer look reveals a tiny house nestled right on top the cliff across, once again a show of feeling small in the vastness of nature.

Finally, wood sculptor Joel Ajero’s works pack meaning, his wood assemblages reminiscent of Filipino ingenuity as they resemble makeshift houses, toolboxes, instruments. His abstract character sculptures, sharing their likeness with the carved bul-ul deities of the Ifugao, have lively designs and expressions that reference other Filipino cultural elements.

For those unable to visit the exhibit at the Belmont Hotel, there is a virtual guided tour at this link: https://bit.ly/HirayaAtBelmontHotelManila.Brontë H. Lacsamana

Manila Water unit secures P1.6-B loan

A UNIT of Manila Water Co., Inc. has inked a P1.6 billion term-loan facility with the Bank of the Philippine Islands, the east zone water concessionaire said on Tuesday.

In a stock exchange disclosure, the company said the Laguna AAAWater Corp. or Laguna Water, a subsidiary of Manila Water Philippine Ventures, Inc. (MWPV), signed a 10-year term loan facility with the bank.

“The proceeds of the loan will be used to partially finance capital expenditures for the years 2022 to 2025,” the company said.

Laguna Water is a joint venture between the provincial government of Laguna and MWPV. It operates in the cities of Biñan, Santa Rosa, Cabuyao, and the municipality of Pagsanjan. It also supplies Alaminos, Calamba, San Pablo, Sta. Cruz, and Victoria.

Aside from Laguna Water, MWPV’s subsidiaries include Boracay Water, Clark Water, and Estate Water.

In the second quarter, Manila Water saw its attributable net income rise by 51.6% to P2.76 billion from P1.82 billion in the same quarter last year, based on its quarterly report.

Gross revenues during the period increased by 40% to P8 billion while expenses climbed by 12.1% to P3.91 billion.

At the local bourse on Tuesday, shares of Manila Water went up by 18 centavos or 0.96% to close at P18.88 apiece.

The water concessionaire serves the east zone network of Metro Manila, covering parts of Marikina, Pasig, Makati, Taguig, Pateros, Mandaluyong, San Juan, portions of Quezon City and Manila, and several towns in Rizal province. — Sheldeen Joy Talavera

DITO CME board clears issuance of common shares to Xterra Ventures, Summit Telco

DITO CME Holdings Corp. said on Tuesday that its board had approved the issuance of 2.2 billion shares to Xterra Ventures Pte. Ltd. and Summit Telco Corp. Pte. Ltd.

In a regulatory filing, DITO said its board had approved the issuance of 1.59 billion common shares after it signed a subscription agreement with Summit Telco.

The transaction would increase DITO’s issued and outstanding shares to 15.63 billion from 14.04 billion.

Separately on Tuesday, DITO said its directors had executed a subscription agreement with Xterra Ventures for 610 million common shares of DITO at P1 per share.

This transaction would increase its issued and outstanding shares to 16.24 billion from 15.63 billion previously, the company said.

In a regulatory filing last week, it said its board had approved the issuance of 610 million common shares out of its unissued authorized capital stock priced at par value. Xterra Ventures is an unrelated third party.

Last week, DITO reported that it had completed the applicable requirements for the listing of 35 million shares for a total price consideration of P280 million from Loden Infra Technologies Ltd. It added that the number of DITO’s listed common shares will be adjusted on the listing date or  on Aug. 22, 2023.

At the local bourse on Tuesday, shares in the company fell by 13 centavos or 5.53% to end at P2.22 each. — Ashley Erika O. Jose

What do publishers’ revisions and content warnings say about the moral purpose of literature?

EN.WIKIPEDIA.ORG

THIS year, there has been some controversy about the rewriting of passages from authors such as Roald Dahl, Enid Blyton, Ian Fleming and Agatha Christie with the aim of removing potentially offensive material. Some publishers have also adopted the precautionary measure of adding content warnings and disclaimers to books by Ernest Hemingway, Virginia Woolf, Raymond Chandler and P.G. Wodehouse.

Critics of these bowdlerisations and disclaimers have come from across the political spectrum and seem to vastly outnumber those defending the practice. It is some time since I have noticed a literary topic come up as frequently as this one in conversation with those outside the literary culture. And while, as an academic, it is heartening to see people worked up about books and their value, it is disheartening to see books recruited as culture-war fodder.

Conservative publications have tended to frame these developments as evidence of “wokeness” (a word, in this context, vacant of meaning). Others have offered more nuanced, less loaded critiques, arguing that such measures fail to account for our obligation to attend to and preserve history, rather than ignore or erase it. In the case of children’s books, the argument has been made for the role of adults as responsible literary guides.

Much has been said on the issue of rewriting writers that I don’t want to relitigate, but it is worth examining the nature of the debate itself and the fact of its prominence. In an era when literature sits on the cultural margins, why does a story like this break through to the mainstream? What are the stakes that have conjured so much talk?

MORAL QUESTIONS
A literary story is taken up by the media most enthusiastically, it seems, when it can be connected to moral concerns. Those who would clean up the classics, and their conservative opponents, are entangled in a moral battle which encourages the application of the same ethical criteria to books that might be apply to elected officials or ministers of religion.

Skimming any contemporary writers’ festival program will demonstrate that we struggle to talk about books on any other terms. Yet if book-talk most easily rises to the level of public discussion when it involves a simple moral controversy, then we are inexorably incorporating literature into the sepia mass of monetized cultural gruel of which our society appears increasingly to comprise.

Two questions motivate this latest argument. The first entails uncertainty about what constitutes literary censorship. Is rewriting a sentence to expurgate an offensive term a form of vandalism, or is it no different from (or at least comparable to), say, translation?

The second is a much debated and oft-reformulated inquiry, familiar within and without literary studies: is there a necessary connection between a work’s literary value and its moral quality? When we read a book do we expect a degree of moral instruction as to how we should or should not live?

These are worthwhile questions, but they are not the only ones. Literature is extraordinary, in part, because it cannot be reduced to such questions.

Moral debates arise easily because they tend to encourage definitive judgements, which are both gratifying and compatible with an increasingly commodified world. In particular, a moral judgement has the power to bestow a final endorsement or condemnation, meaning one can avoid what Keats described as negative capability: “being in uncertainties, mysteries, doubts, without any irritable reaching after fact and reason.”

A capacity to cope with the unpleasantness of irresolution could be taken as a mark of maturity. The desire for certainty, for a world of unambiguously demarcated ethical boundaries of the kind found in much young adult fiction, could be described as a reassuring childish fantasy.

There might be good reasons for removing offensive language from a text, but we should be suspicious of the impulse to polish literature for modern sensibilities, to make writing newly palatable and inoffensive. To treat books as objects that can be modified to suit the mood of the times is to risk ushering them into the category of pure commodity, optimized according to market desires.

The urge to keep Dahl agreeable, for example, is a consequence of a corporation desiring to profit from Roald Dahl the brand. Children’s author Philip Pullman suggested that, rather than revising Dahl, it would be preferable to let him go out of print. This is inconceivable. Dahl’s estate is simply worth too much.

It is in the interest of the Roald Dahl Story Company, purchased by Netflix in 2021, to make Dahl as widely acceptable as possible. Thus, the effort to sand off his edges. Brands must be slick, inoffensive, inhuman.

No sensible person would defend Dahl’s character. He was a professed antisemite. In the 1970s, he was forced by the advocacy of the civil rights organization NAACP to change Charlie and the Chocolate Factory’s Oompa Loompas, who were originally depicted as pygmies brought from Africa to work in the chocolate factory unpaid.

These facts may repulse you to such an extent you can never read Dahl again — or perhaps you might prefer to evaluate his books on their own terms, detaching them from the author’s beliefs. Either response is possible and understandable. But the texts cannot be entirely revalued or made morally sound by meddling with a few sentences or replacing them with clunky alternatives.

Literature has always been influenced by the marketplace. Historically, it has evolved through systems of patronage and copyright, gatekeeping publishers and nepotistic periodicals. But to reduce an author to a brand is to obliterate what makes literature a meaningful category. Art distinguishes itself from commerce by pushing back against these capitalist formations and, consequently, being incompatible with reductive moralism.

This is obvious when we consider how we treat books differently to other purchasable items. If you buy a vacuum cleaner that fails to suck dust from your carpet, you should be able to return it. This is because vacuum cleaners are meant to perform a clearly identifiable, unambiguous function.

If you purchase a book that does not work as expected, it would be perverse to attempt to return it to the bookshop and say: “I found the prose too dense; the characters were meaner than I wanted them to be; I thought I was reading a detective story, but halfway through it became a revenge tragedy.”

The nourishment offered by reading depends, in fact, on our not knowing how the experience of a book will unfold until we are reading it. The value is revealed in the act of reading. Even when rereading, we find pleasure in noticing patterns or aspects of a work that did not come into view during the previous encounter. We never quite know what we are in for.

The best literature can be spiky, ambiguous, difficult, cruel, strange, unpredictable, hectoring and unpleasant. It is not the job of a book to ease the life of its reader. Reading a good book might mean having a terrible day, a day in which you are scared, sad, distressed.

It is rare (if not unheard of) that we pay to undergo unpleasant experiences that teach us nothing. But literature does not have an obligation to be useful; we do not have to learn anything from it. It need not produce anything except a readerly response. The alternative is that we are paying to be numbed.

A REASONABLE REACTION?
What, then, is a reasonable reaction to a book that offends? And by what mechanisms are thresholds of offence and moral transgression established?

There are social norms arrived at more or less by consensus which few would dispute. There are certainly examples of books that necessitate judicious editing if they are to continue being published. To return to the original title of Agatha Christie’s And Then There Were None*, for example, would make the book unsellable. (Conversely, it could be argued that concealing the author’s choice so as to prolong a book’s life unfairly deceives readers.)

In most circumstances, there is nothing wrong with trying to avoid offence. When teaching a text that students may find difficult, I am happy to provide a content warning. It is not obvious to me that forcing a student to encounter shocking material, perhaps material they find personally painful, is necessarily edifying or educational.

In fact, any social interaction requires us to calculate what it is permissible to say, and there are many remarks we refrain from making for fear they might hurt. In the case of this current controversy, however, attention must be paid to how and why the decisions about what constitutes unacceptable material are being made.

In an ordinary setting, a reader who finds a book disagreeable can put that book down, or not pick it up in the first place. An author might also consider such consequences when writing a book.

But if the moral authority to make these decisions on behalf of an audience is sourced from the imperative to keep a property such as James Bond or Willy Wonka marketable, the literature is degraded. While it may be in the interest of art to leave its audience in distress, it will never be in the interest of capital to upset a potential consumer.

To defend literature entirely on moral grounds is to cede important territory. Of course, literature can make you a better person; it can also make you a worse one. It is most likely to do neither. Of course, a reader can find a book morally offensive or morally instructive, but that might be only one thread in a complex array of responses.

Any argument that treats literature as fundamentally therapeutic, self-improving or society-improving, risks reducing literature to self-help — a genre that promises to improve its reader’s character. To approach literature as a machine for self-improvement is to share ground with the bad-faith arguments of those who justify their bigoted moralizing by referring to the cultural achievements of Western civilization.

The shared perspective is that the value of books depends on the readers they produce. To read broadly and deeply is a marvelous thing that can make us alert to the wide-ranging varieties of being. But no book will condemn or redeem us. This is because books do not exist without readers, and each reader is an unpredictable variable. While it is appealing to believe that a person’s aesthetic judgement is a reliable indication of their moral character, these traits are only tenuously connected.

So, if not on moral terms, how might we defend literature? We can liken it to conversation. A conversation can be morally nourishing or deadening. It is neither good nor bad. Conversations are surely responsible for some of history’s worst atrocities, along with its most wondrous achievements. And clearly, we cannot stop having conversations, whether we wish to or not.

In this and other ways, reading resembles conversation. It is an ongoing exchange between reader and writer, one that will continue to change with the times, enlivening us for its own sake.

*The original title of And Then There Were None when it was published in 1939 was Ten Little Niggers, after an 1860s minstrel song whose lyrics are a major plot point in the book. This was subsequently changed to And Then There Were None which are the last words of the song. Certain editions were renamed Ten Little Indians, a title which was used into the 1980s. — Ed.

Dan Dixon is an Adjunct Lecturer at the University of Sydney.

A spark, a glow, then warmth

Conrad Manila lights up their halls with peaceful art

IT WAS the chaos and uncertainty of the pandemic and post-pandemic eras that inspired Maria Victoria “Marivic” Rufino to put warm, meditative energy out into the world through impressionist paintings and functional art pieces.

It began with much struggle because Ms. Rufino was coming from a long hiatus, but she persevered until there was a colorful array of both totally new works and paintings which were started years ago but only just finished. Some were immediately displayed at exhibits in San Francisco, Madrid, and Paris.

Now, the Conrad Manila hotel has mounted 23 of her paintings and five of her functional art pieces, like lamps and dividers, in a new solo exhibition.

The 25th exhibit in the “Of Art and Wine” series at the hotel’s Gallery C is called “Scintilla: Dreamscapes,” and it showcases the artist’s watercolor and mixed media works centered on serene, nature-filled dreams and memories.

As a Filipino artist who has studied painting in both the Western and Chinese (Ling Nan) tradition, Ms. Rufino depicts the sky, sea, sun, mountains, and fields as picturesque vistas of harmonious, dreamlike quality.

“Art is my love and my passion. Nature is my inspiration, a divine artist and a spiritual and creative force that guides me on my life-long artistic journey,” said Ms. Rufino at the exhibit launch on Aug. 15. 

“I am just an instrument. I hope that my paintings will bring peace, love and compassion to the hearts of the viewers,” she added.

The word “scintilla” may mean spark, representing a burst of creative energy after a long pause, but it is ultimately the glow and warmth of Ms. Rufino’s desire for a peaceful world that lingers.

Fabio Berto, Conrad Manila’s general manager, said at the launch that the exhibit highlighting nature will surely elevate guests’ experience and provide a brief respite from the hustle and bustle of Metro Manila.

“It also reminds us [at Conrad] of our promise and commitment to filling the world with the light and warmth of hospitality, while taking utmost consideration of the environment through sustainable practices,” he said.

The exhibition, like all of Ms. Rufino’s shows in the past, will be for the benefit of foundations helping abused children and women. Part of the proceeds will go to the Child Protection Network and to the Marian Missionaries of the Philippines.

“Child protection and environmental care are my personal advocacies, and I am delighted to further strengthen that with this exhibit,” she said.

“Of Art and Wine: Scintilla: Dreamscapes” is on view at Conrad Manila’s Gallery C until Oct. 21. — Brontë H. Lacsamana

Globe says blocked bank-related scam, spam messages down 46%

GLOBE TELECOM, Inc. reported a 46% drop in blocked bank-related scam and spam messages for the first semester.

“This decrease in fraudulent messages signifies our steadfast commitment to protecting our consumers from online threats. It is also a testament to the power of collaboration between industry leaders and regulators in curbing cyber fraud,” Anton Bonifacio, chief information security officer of Globe, said in a media release on Tuesday.

For the second quarter, bank-related scam and spam messages declined to 779,254, marking a significant decrease from the 5.1 million recorded a year ago.

Meanwhile, for the January-to-June period, bank-related scam and spam messages also fell by 46.5% to 4.85 million from 9.06 million in the same period last year, Globe said.

The company cited its tie-up with financial institutions as crucial in helping it combat fraud.

“Our partnerships with banks and financial institutions have allowed us to implement immediate and effective measures against online fraud, protecting the hard-earned money of our consumers,” Mr. Bonifacio said.

In 2022, the company said it had entered into a memorandum of understanding with the Bankers Association of the Philippines where it signed separate agreements with banks to help filter fraudulent activities.

Aside from this, Globe said it continuously invests in technologies to streamline spam reporting and filtering.

At the stock exchange on Tuesday, shares in the company fell by P14 or 0.74% to end at P1,870 apiece. — Ashley Erika O. Jose

The OFW as a permanent phenomenon: Seafarers are the ‘forever’ OFWs

U.S. NAVY

(Part 4)

Since the phenomenon of the OFW will be with us for at least the next decade or so (and possibly indefinitely into the future), it was indeed a wise move for the Government to create the Department of Migrant Workers (DMW), now headed by very experienced and knowledgeable labor expert Susan Ople. The Philippine economy is highly dependent on the OFWs for foreign exchange earnings, addressing the unemployment and, more especially, the underemployment problem (still at double-digit levels), and sustaining the consumption-led economic growth we have been enjoying for more than a decade.

The least the Government can do is to help the OFWs minimize the harm done to their children by their absence (as we have seen in the previous articles of this series) and prevent them from being victims of unscrupulous recruiters. Fortunately, Secretary Ople (true to the legacy of her father, Blas Ople, with whom I had the honor of co-authoring the provisions on labor in the Philippine Constitution of 1987) gave the highest priority, upon assuming the position of Secretary of DMW, to measures to protect OFWs from unethical recruiters. On June 9, Secretary Ople signed the new 2023 rules and regulations governing the recruitment and employment of OFWs.

Under the new rules, 20 unethical practices of OFW agencies will be punished with a one-strike policy or the immediate cancellation of their license to operate. Once closed, the agency can no longer resume operations after a number of months, as had been permitted before. Among the most serious offences are acts of graft and corruption, including attempts to bribe DMW officials and personnel, as well as the recruitment and deployment of minors. Other serious violations included the collection of placement fees in countries where no such policy is in place; passing on to the worker fees that are chargeable only to the employer; refusing or failing to act on cases of death, physical or sexual abuse, and psychological impairment; and engaging in recruitment for jobs that are harmful to life, public health, and human dignity. Other “cardinal sins” that are unforgivable are human trafficking; gross misrepresentation or giving false information; reprocessing workers through a job order for a nonexistent work or through a job order of another agency; changing ownership or control of a single proprietorship; and deploying workers whose records were not processed by the DMW.

Other unforgivable infractions are allowing a foreigner to head or manage a licensed agency; allowing a foreign manning agency to own or participate in a Philippine-based agency; deploying a worker recruited by a foreigner; allowing illegal agents to conduct activities on behalf of the DMW; altering a processed contract; imposing compulsory health exams or trainings from specific entities, unless the cost is shouldered by the agency; imposing compulsory loans from a specific institution or person; and becoming an officer or board member of any corporation or partnership in a travel agency by any of the proponents.

There are also new regulations about the board and lodging accommodations afforded by the recruiters to the OFWs. The DMW will make sure that these accommodations provide a minimum of comfort and decency to the OFWs. The agencies will also be required to hire a full-time welfare desk officer, who will monitor and assist in the resolution of the complaints raised by the OFWs. These are very positive signs that the DMW is living up to it mandate of removing unnecessary obstacles and suffering from the already harassed and suffering OFWs who are seeking employment abroad to be able to provide the minimum of comfort to their respective families.

The DMW, in cooperation with other departments like Justice and Foreign Affairs, should also exert a lot of efforts to promote the welfare of hundreds of Filipinos, the majority of them OFWS, who are imprisoned in foreign countries for crimes committed (real or alleged), such as in the case of Mary Jane Veloso who has spent more than 10 years in jail on drug trafficking charges in the city of Yogyakarta, Indonesia. In 2015, Velosa was given a last-minute reprieve from the death penalty after the late President Benigno Aquino III appealed to Indonesian authorities. As reported in an editorial in a Philippine daily, former Senator Ralph Recto has estimated that there are 3,827 Filipinos remaining in jail in 52 countries and territories. We have to listen to the appeal of the families of jailed OFWs who complain that there is an apparent lack of response from Philippine embassy officials to their requests for legal assistance for the detainees.

The OFWs who are also in great need of being protected against undesirable working conditions are the seafarers, who, by the nature of their work, will be OFWs forever. The Philippines will always have part of its workforce working as seafarers and they comprise that portion of OFWs who will always be leaving their respective families behind even if the Philippines reaches First World Status. The challenge to the Government and civil society today, when poverty is still a main driver for some of our citizens to want to become seafarers, is to protect them from what Bjorn Hojgaard, CEO of Anglo-Eastern Univan Group, called the “dark fleet.” In his words, as quoted by Justine Irish Tabile in a report in this paper: “I think you know that there are almost 1,000 ships sailing around now with substandard conditions, no insurance and no class and we somehow allow that to happen. I think that’s a real menace for the men and women serving on board ships.”

It is well known that Filipino seafarers account for anywhere from 20% to 30% of the world’s seafaring human resources, exceeded only by China and India. They are especially ubiquitous in cruise liners. In fact, despite an earlier controversy in Europe involving the alleged poor quality of Filipino seafarers, DMW Secretary Ople recently announced that the deployment of Filipino seafarers is expected to recover to its pre-pandemic level of some 505,769 seafarers in 2019. In the first quarter of 2023 alone, 150,000 Filipino seafarers were deployed. In 2022, still plagued with serious cases of COVID-19, especially in China, the Philippines already deployed 489,852 seafarers. As we witness the phenomenon of “revenge” traveling or touring all over the world, Filipinos will be in even greater demand in cruise ships. Transport Secretary Jaime J. Bautista recently reported that the US ship operator Carnival Corp. has committed to recruiting around 40,000 seafarers from the Philippines. Secretary Ople also said that she received a commitment from a Saudi Arabia-based shipping company to hire more Filipino crew.

President Marcos Jr. has assigned a very high priority to mandating government agencies to ensure that the country’s training (especially upskilling, reskilling, and retooling) programs and accreditation system for Filipino seafarers would pass European Union standards. This was a response to a warning from the EU last year about deficiencies in the country’s seafarer training and education. If such deficiencies are not addressed, Filipinos could be denied deployment because of a lack of European Maritime Safety Agency (EMSA)-certified licenses. Fortunately, the crisis was averted when in March of this year, the appropriate EU authorities sent a letter to the Maritime Industry Authority (MARINA) that there is evidence of “concrete progress and improvement” in complying with the requirements of the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW).

There are now many ongoing initiatives of the Government working closely with industry and civil society to raise the quality of Filipino seafarers, a major component of which was to significantly increase investments for training of seafarers to cope with new environment-friendly technologies, including simulators and other training equipment that would make Filipino seafarers, especially the officers, world class.

In all this frenzy for upskilling and reskilling, however, we should heed the advice of Belal Ahmed, chairman of the International Maritime Employers’ Council who reminded the government and the private companies that over and above skills training, there should be even greater focus on the quality of the personal lives of the seafarers.

His words should apply to all the possible OFWs we are preparing for work abroad: “Behind these upskilling discussions, we are again forgetting how long they stay in the sea and how they are going to take care of their family when they are at sea. These discussions sometimes don’t come because we are talking about skill enhancement for them to be ready for future ships. But today we should be talking about seafarers’ personal lives, how we make them better.”

Since, as I wrote earlier, Filipino seafarers are “forever,” they will always be around even if the Philippines reaches First World status, these words should be embedded — also forever — in the minds of all government agencies and private companies that are involved in recruiting Filipino citizens for work abroad.

(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

Gov’t makes full award of Treasury bill offering

BW FILE PHOTO

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Tuesday at mostly slightly higher rates, following the surge in US Treasury yields ahead of US Federal Reserve Chair Jerome H. Powell’s speech on Friday.

The Bureau of the Treasury (BTr) raised P15 billion as planned via the T-bills it auctioned off on Tuesday as total bids reached P42.991 billion or more than twice the amount on offer.

Broken down, the Treasury made a full P5-billion award of the 91-day T-bills as tenders for the tenor reached P18.164 billion. The three-month paper was quoted at an average rate of 5.671%, 3.3 basis points (bps) below the 5.704% seen last week, with accepted rates ranging from 5.643% to 5.690%.

The government also raised P5 billion as planned from the 182-day securities as bids for the tenor reached P10.495 billion. The average rate for the six-month T-bill was at 5.986%, rising by 4.1 bps from the 5.945% seen last week, with accepted rates at 5.9% to 6.1%.

Lastly, the BTr borrowed the programmed P5 billion via the 364-day debt papers as demand stood at P13.882 billion. The average rate of the one-year T-bill likewise inched up by 0.9 bp to 6.334% from the 6.325% quoted last week. Accepted yields were from 6.25% to 6.35%.

At the secondary market before Tuesday’s auction, the 91-, 182- and 364-day T-bills were quoted at 5.7649%, 5.9996%, and 6.3285%, respectively, based on PHP Bloomberg Valuation Reference Rates data provided by the Treasury.

T-bill rates were mostly higher following the surge in US Treasury yields ahead of the Fed’s Jackson Hole conference, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

“T-bill rates fetched today were somehow sideways from the previous week as local market participants remained cautious on the possible policy remarks from Fed Chair Powell this week in the Jackson Hole Symposium of Central Bankers,” a trader likewise said in an e-mail on Tuesday.

US Treasury yields rose to decade highs as investors awaited a Federal Reserve meeting on Friday at Jackson Hole, Wyoming, Reuters reported.

Longer-dated US Treasury yields were up, with the 30-year yield hitting 4.474%, its highest since April 2011. Bond yields move inversely with prices.

The 10-year Treasury hit 4.354%, the highest since November 2007 — before the collapse of Lehman Brothers almost a year later fully ushered in the Great Financial Crisis.

Mr. Powell is scheduled to deliver a speech on the economic outlook at the Kansas City Jackson Hole Economic Policy Symposium on Aug. 25, where markets assume he will note the jump in yields and the recent run of strong economic data.

The Fed raised borrowing costs by 25 bps last month, bringing its target interest rate to a range between 5.25% and 5.5%.

The US central bank has hiked rates by a cumulative 525 bps since it began its tightening cycle in March last year.

The Federal Open Market Committee will next meet on Sept. 19-20 to review policy.

On Wednesday, the BTr will offer P30 billion in reissued 20-year Treasury bonds (T-bonds) with a remaining life of 15 years and five months.

The Treasury wants to raise P225 billion from the domestic market this month, or P75 billion via T-bills and P150 billion via T-bonds.

The government borrows from local and foreign sources to help fund its budget deficit, which is capped at 6.1% of gross domestic product this year. — A.M.C. Sy with Reuters

DoubleDragon’s luxury serviced residences Ascott-DD Meridian Park to be operational by 2024

REAL ESTATE developer DoubleDragon Corp. (DD) said its Ascott-DD Meridian Park is set to be operational by 2024 as the company had the topping-off ceremony on Tuesday. 

In a stock exchange disclosure, DoubleDragon said the project will feature more than 300 luxury serviced residences and is located within the DoubleDragon Meridian Park complex.

The Ascott-DD Meridian Park development is expected to generate recurring revenues by next year, the company said. 

It said the premium luxury development “will complete and further enhance the mix of the whole complex as it is positioned to be the Mini-CBD (central business district) in the Bay Area of Pasay City, Metro Manila.”

“Today Aug. 22, 2023, [DoubleDragon’s] subsidiary (DDMP REIT, Inc.) conducts topping off of Ascott at DD Meridian Park as the building structure and topmost floor of the project has been completed,” it added.

DDMP REIT is the real estate investment trust of DoubleDragon. Its property portfolio consists of three commercial properties in DD Meridian Park, namely: DoubleDragon Plaza, DoubleDragon Center East, and DoubleDragon Center West.

DoubleDragon said that Ascott Ltd., which is a subsidiary of Singapore-based property company Capital Land, will operate and manage Ascott-DD Meridian Park.

In 2017, DoubleDragon announced its partnership with Ascott Ltd. for the establishment of the 5,567-square-meter Ascott-DD Meridian Park. Aside from the luxury serviced residences development, the company said the five-hectare DoubleDragon Meridian Park complex is expected to be fully developed by 2024. 

It said the complex is set “to become a fully mature prime hard asset portfolio, generating optimum level of recurring revenues by 2025.” 

Meanwhile, the company said DoubleDragon Plaza is expecting to welcome soon a third government agency to relocate its head office in the property, in addition to the Philippine Economic Zone Authority and the Tourism Infrastructure Economic Zone Authority. 

Shares of DD at the local bourse slipped five centavos or 0.64% to end at P7.75 each on Tuesday. — Revin Mikhael D. Ochave

Art&Culture (08/23/23)


CCP presents Tagalized abridged operas

BACK-TO-BACK abridged versions of Gioachino Rossini’s The Barber of Seville and Wolfgang Amadeus Mozart’s The Marriage of Figaro take the centerstage in the second installment of the “CCP Out-Of-The-Box Series,” the newest program of the Cultural Center of the Philippines (CCP) featuring unconventional programming for adventurous artists and audiences. The CCP Out-Of-The-Box Series returns with Figaro! Figaro!! on Aug. 25, 7:30 p.m., and Aug. 26, 3 p.m., at the Tanghalang Ignacio B. Gimenez (CCP Black Box Theater). “In olden times, the composers wanted their operas to be in the language of their audiences. So, we decided to translate the two operas into Filipino. We want opera to be more accessible to Filipino audiences,” said CCP Vice-President and Artistic Director Dennis N. Marasigan who did the translation for this production, in a statement. Directed by Jaime del Mundo, the back-to-back opera production follows the adventures of Figaro, the main character of the two operas, which is based on The Figaro Trilogy by French playwright Pierre Beaumarchais. The trilogy (the third is La Mère coupable or The Guilty Mother) revolves around the adventures of a resourceful servant named Figaro, as well as the fascinating recurring characters. The abridged operas will feature performances by Filipino singers Bianca Camille Aguila, Roxy Aldiosa, Diego Aranda, Angeli Benipayo, Ruzzel Clemeno, Nerissa de Juan, Roby Malubay, Nomher Nival, Noel Rayos, Jonathan Tadioan, and Floyd Tena. Tickets can be purchased for P1,500 via TicketWorld.


MSO presents Hina Maeda in concert

THE MANILA Symphony Orchestra (MSO) will feature violinist Hina Maeda at its 3rd concert of the season, Wieniawski and Rimsky-Korsakov, on Aug. 26, 7:30 p.m., at the Ayala Museum in Makati. Ms. Maeda will perform Henryk Wieniawski’s Violin Concerto No. 2 in D minor, Op. 22 with the Manila Symphony Orchestra, under the baton of Maestro Marlon Chen. Tickets to the concert are available via TicketWorld.


ARTablado focuses on Arsega’s lines

THE LINE drawings of artist Arturo Arsega, Jr. call to mind art class projects where one had to draw faces and figures without lifting the pen or brush from the paper. The end result may look deceptively simple but getting there takes practice and a lot of trial and error. Mr. Arsega Jr. makes it look easy even if the journey he took to get to where he is now was not exactly a walk in the park. By his own admission, he wandered into the art scene just three years ago after working for close to a decade in the Middle East. He quickly fell sick after returning to the Philippines, and it was during this low point that he turned his attention to the arts. Mr. Arsega had long been interested in drawing having drawn comics as a child. Decades later, after experimenting with landscapes and abstract art, Mr. Arsega returned to drawing. His line drawings may not be detailed or belabored, but with the addition of a few strokes of paint or a background in a watercolor-like wash, he has come up with his own distinct style. In 2020, with the help of an online gallery, he was able to sell his first artwork. Since then, Mr. Arsega has gone on to hold a solo exhibit, with his second solo show, “Dream Line,” ongoing at ARTablado, Robinsons Galleria until Aug. 31.


Big Bad Wolf going to Cebu

THE BIG Bad Wolf Book Sale returns to Cebu for the first time since 2019. The three-week sale will run from Sept. 15 to Oct. 1, where it will offer new and exclusive titles discounted at up to 95% off. With over two million books up for grabs, the fair will feature new and exclusive releases only available in Cebu. Aside from free admission, the Big Bad Wolf Book Sale will also have exclusive deals, promos, and discounts. It will be held daily from 10 a.m. to 10 p.m. at SM Seaside City Cebu, LG level, Cube Wing.


Newbie friendly platform for writers, readers opens

TYPEKITA is a newly launched app that aims to empower young Filipino storytellers by rewarding their creativity with accessible and self-determined monetization, while gifting readers with an interactive and visually stimulating reading experience. The app is a localized version of the Thai original Joylada, and is powered by homegrown social entertainment platform Kumu. At TypeKita’s official launch on Aug. 16, Head of Growth Ysabel Yuzon, Vice-President of Strategic Management Dana de la Vega, and Creator Manager Erich Valdevioso discussed its growing potential to “open doors even for those who may not have considered writing before.” Live readings of current TypeKita favorites Babalik Sa’yo (Rej Martinez), The Day I Said Goodbye (Miyuki Jeishi), and Hush Lucas (Arki Aaron) were then performed by Nour Hooshmand, Ian Pangilinan, and Benedix Ramos. TypeKita uses the chat-fiction format that makes both creation and consumption more accessible, providing a gateway to long-form in the future if creators are so inclined. The app offers a wide range of genres — currently popular are romance with LGBTQ+ themes; young adult, coming-of-age stories; and fantasy and mystery. While many of its features are free, the app also has a monetization feature for creators. TypeKita is available for download via the App Store and Google Play.

Pushing back China’s grey zone operations in the South China Sea: The need to foster closer security ties with like-minded Indo-Pacific states

SCREENGRAB FROM THE PHILIPPINE COAST GUARD VIDEO

On Aug. 5, several Chinese Coast Guard (CCG) vessels blocked and used water cannons against Armed Forces of the Philippines (AFP)-chartered wooden boats delivering supplies to a small Philippine Marine (PM) contingent on board the BRP Sierra Madre on Ayungin Shoal. According to Philippine Coast Guard (PCG) spokesperson Commodore Jay Tarriela, the two wooden boats were part of a convoy escorting PCG patrol ships that were on a resupply mission to deliver food, water, fuel, and other items. In its statement, the AFP branded the CCG’s action as “excessive and offensive” and that the Chinese conducted “dangerous maneuvers”…“in wanton disregard of the safety of the people on board and in violation of international law.”

On Aug. 8, the Department of Foreign Affairs (DFA), through Undersecretary Theresa Lazaro, summoned Chinese Ambassador to Manila Huang Xilian and handed him a diplomatic protest. The letter condemned the CCG vessels’ actions against the AFP supply boats, told China to stop interfering in legitimate Philippine activities, and urged China to comply with its various obligations under international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS).

The DFA also expressed its disappointment that it was not able to reach China’s foreign ministry through a hotline established between Manila and Beijing during President Ferdinand Marcos, Jr.’s state visit. The Philippines and China agreed to establish the hotline to foster communication to manage maritime incidents generated by the South China Sea dispute.

CHINA’S LONG LIST OF GREY ZONE OPERATIONS
The Aug. 5 Ayungin Shoal water cannon incident, which lasted more than an hour, is the latest in a growing number of alleged grey zone operations conducted by China against other claimant states in the South China Sea. American, Western, and Japanese defense analysts use the term “grey zone operations” to describe a strategy employed by a state actor to change or alter a status quo by undermining the power, legitimacy, and will of the adversary without triggering an armed conflict. China has finetuned its grey zone operations in the South China Sea given that the disputed area is wide, and it has overwhelming naval and civilian capabilities over the navies and coast guards of the littoral Southeast Asian states.

There is a widespread perception among the Chinese population that their rights and interests in the South China Sea are being unjustly challenged and undermined by smaller Southeast Asian states that have taken control of the several uninhabited land features in the disputed waters. Thus, there is strong public clamor for the People’s Liberation Army Navy (PLAN), the CCG, and the Chinese Maritime Militia to intensify patrols to maintain Chinese rights and interests in the South China Sea and enhance their collective ability to respond to unexpected maritime incidents involving China and the littoral Southeast Asians states such as Vietnam and the Philippines.

China has conducted several grey zone operations against the newly elected Philippines president’s administration as CCG patrols in the South China Sea became more frequent in 2022. This resulted in two maritime incidents in the South China Sea at the onset of the Marcos Jr. Administration, namely: a.) a big CCG ship blocking and harassing a small PN supply ship on its way to resupply a small AFP garrison on Ayungin Shoal; and, 2.) fishing boats manned by suspected Chinese Maritime Militia swarming to establish control over disputed South China Sea features.

And then, in February 2023, a CCG vessel directed “a military-grade laser” at a PCG ship escorting a resupply mission to the small Philippine garrison on board the BRP Sierra Madre on Ayungin Shoal.

China’s zero-sum game against the Philippines has pushed the latter to file several notes verbales against what it perceives as provocation. This has also led President Marcos Jr. to call on the AFP to shift its mission from internal security to external defense in the face of China’s coercive behavior against the PN and ordinary Filipino fishing folk.

THE BACKLASH AGAINST CHINESE GREY ZONE OPERATIONS
The Aug. 5 Ayungin Shoal incident is the latest in a series of Chinese grey zone operations aimed at isolating the small marine garrison on board the BRP Sierra Madre. China’s eventual goal is to force the Philippines to withdraw its forces from the land features it currently occupies, and relinquish its territorial claims over these land features, along with its maritime entitlements in its Exclusive Economic Zone (EEZ) in the West Philippine Sea/South China Sea.

China’s gambit against the Philippines, however, is triggering a major backlash in the country. The Marcos Jr. Administration found it imperative to enhance its security relations with the US, Japan, Australia, and South Korea. The Philippines is leveraging its geostrategic value to gain practical strategic and economic benefits from the United States and its other treaty allies such as Japan, Australia, and South Korea. At the core of this strategy is the reinvigoration of the Philippine-US alliance. This strategy is based on a key calculation that the Philippines and the US share a pressing strategic objective: the maintenance of the status quo in the South China Sea. The Philippines is also exploring the prospect of closer bilateral and multilateral ties with other US allies. For their part, Japan, Australia, and South Korea recognize how a military-capable Philippines could support their respective Indo-Pacific strategies in the face of an expansionist China in the South China Sea.

China must realize that its actions invite consequences not only in the Philippines but in the community of nations. Indeed, it is through alliances with like-minded states in the Indo-Pacific that the Philippines can defend itself against China’s gray zone operations in an area that has been established as unequivocably ours.

 

Dr. Renato Cruz De Castro is a trustee and convenor of the National Security and East Asian Affairs Program of the Stratbase ADR Institute.

BSP siphons off P1.5 trillion in excess liquidity

THE BANGKO SENTRAL ng Pilipinas (BSP) has siphoned off P1.522 trillion in excess money supply this year, according to its latest monetary policy report.

“As of Aug. 2, the total outstanding amount absorbed in the BSP liquidity facilities stood at about P1.522 trillion,” the central bank said.

Broken down, about 38.5% or P585.4 billion were absorbed through the BSP Securities Facility via BSP Bills (BSPB). The maiden issuance of the 56-day BSPB was on June 30.

The central bank absorbs liquidity from banks through the BSP’s monetary operations, such as the term deposit facility (TDF).

About a quarter or around P376.2 billion of total placements were from the TDF.

Meanwhile, placements in the BSP’s overnight reverse repurchase (RRP) facility stood at P340.3 billion (22.4%) and the overnight deposit facility amounted to P220.1 billion (14.5%).

“The auction results for the TDF and BSPB during the review period reflected the pass-through of the BSP’s monetary tightening, with liquidity in the financial system remaining adequate,” the central bank said.

“Moreover, eligible counterparties have been shifting their assets towards the BSP Securities amid the need to service client requirements,” it added.

The weighted average interest rate (WAIR) for the seven-day term deposits rose to 6.5888% on Aug. 2 from 6.5806% previously. The WAIR for the 14-day papers went up to 6.5903% from 6.5864% in the previous auction.

As for the BSP bills, the WAIR for the 28-day BSPB increased to 6.7108% on Aug. 4 from 6.7048% a week ago. The WAIR for the 56-day BSPB was at 6.7356%, above the previous auction’s 6.6999%.

Meanwhile, the BSP on July 14 shifted to the fixed-rate, full-allotment auction format for its daily RRP auctions. It has awarded an average of P376.149 billion since then.

On a monthly basis, the awarded amount for August stood at P402.847 billion, higher than the P366.441 billion in July.

The BSP said it has continued to refine its monetary policy instruments as part of its initiatives to enhance monetary operations under the interest rate corridor framework.

In June, the BSP introduced a longer tenor under the BSP Securities Facility to complement the 28-day BSP Bill. The BSP also implemented two of the three phased refinements under the series of reforms to the overnight (O/N) RRP facility.

“Market reception to the 56-day BSPB has been favorable, with frequent oversubscriptions observed since the maiden issuance in June. For the first seven auctions, the bid-to-cover ratio (BCR) ranged from 0.762 to 2.082 times the total offered volume, with an average BCR of 1.103 times the offered amount,” the BSP said.

The main objective of the BSP’s monetary operations is to control and manage inflation, which the central bank expects to average at 5.6% this year, 3.3% in 2024, and 3.4% in 2025.

Headline inflation slowed to 4.7% in July, its sixth straight month of decline. Year to date, inflation averaged 6.8%, still well above the BSP’s 2-4% target.

Last week, the Monetary Board extended its hawkish pause for a third straight meeting, keeping the key rate at a near 16-year high of 6.25%. — K.B. Ta-asan