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Foie gras or ‘faux gras’? Paris chef offers festive vegan alternative

A DISH of ‘Faux-gras,’ a vegan alternative to foie gras cooked by Fabien Borgel, is seen in the restaurant 42 Degres in Paris, France, Dec. 15. — REUTERS/SARAH MEYSSONNIER

PARIS — Vegan and animal-friendly alternatives to foie gras are taking off in France just as a severe bird flu outbreak has ravaged duck flocks and cut short supplies of the traditional Christmas delicacy.

French chef Fabien Borgel, who manages the 42 Degres vegan restaurant in Paris, created what he calls a “faux gras” two years ago as a substitute to the foie gras traditionally made from fattened duck and goose livers.

Foie gras is considered part of France’s culinary heritage, but the practice of force-feeding ducks or geese to enlarge their livers is condemned by animal activists.

“You have people that have never tasted foie gras and will never taste it and they want something festive for the year-end parties. Others want to change the way they eat and are heading towards alternatives,” Mr. Borgel said in his restaurant.

Mr. Borgel’s veggy foie gras, containing cashew nuts, sunflower and coconut oil, looks like the traditional foie gras but is creamier.

In France, by far the largest foie gras producer, output is expected to fall between 30% and 35% from last year after bird flu devastated duck flocks in most of Europe while prices would rise about 20% due to the drop in supply combined with soaring costs, producers group CIFOG said earlier this year.

“It could make some people want to try something else,” Mr. Borgel said. “It could be an opportunity.”

42 Degres is putting its “faux gras” on the menu from December through February.

Foie gras was officially classified as part of the “cultural and gastronomic heritage” of France but some countries and US states such as California and New York have considered banning it because of on animal welfare concerns.

A poll released by French foie gras producers on Wednesday showed 77% of domestic consumers were not ready to switch from the original to one made from plant-based products.

“There is room for everyone,” Mr. Borgel said. — Reuters

Eagle Cement files petition for its voluntary delisting from PSE

EAGLE Cement Corp. said on Wednesday that it had filed a petition for the voluntary delisting of its shares from the main board of the Philippine Stock Exchange (PSE).

According to its disclosure, the company’s proposed date of delisting is on Feb. 28 next year.

The delisting follows the completion of the transaction and the cross-sale of the minority shares that were sold to a San Miguel Corp. unit during a tender offer.

San Miguel Equity Investments, Inc. (SMEII) now holds a total of 4.998 billion common shares in Eagle Cement which comprise 99.96% of the latter’s total shares.

The cross-sale for the shares and the minority shares that were tendered was completed on Dec. 14.

In October, SMEII, Far East Holdings, Inc., Ramon S. Ang, John Paul L. Ang, and Monica L. Ang-Mercado entered into a share purchase agreement. The agreement covered the purchase and sale of a total of 4.43 billion common shares in Eagle Cement at P22.02 apiece.

The sale shares constituted approximately 88.5% of the total issued and outstanding shares of the cement firm.

The acquisition will consolidate the two companies led by Ramon S. Ang and will increase SMEII’s total cement production capacity by 8.6 million metric tons per annum.

On the stock exchange on Wednesday, shares in SMC added P1.40 or 1.51% to 94.40 each, while shares in Eagle Cement closed unchanged at P17 apiece. — Justine Irish D. Tabile

HONOR set to launch foldable flagship phone in the country

SMART devices brand HONOR this week launched its foldable flagship phone, which it said will be available in the Philippines soon.

The HONOR Magic Vs is the brand’s latest foldable phone that “pushes industry benchmarks in design, display, performance and user experience‚ making it the perfect companion for business and entertainment.”

“We are thrilled to introduce our next-generation foldable flagship, the HONOR Magic Vs, which packs groundbreaking innovations and exceptional user experience into an elegant and stylish design,” Stephen Cheng, HONOR vice-president for marketing, was quoted as saying in a statement.

“The HONOR Magic Vs will be our very first foldable flagship to debut in overseas markets and we are confident that it will deliver huge advancements, transforming how people all around the world use their smartphones,” Mr. Cheng added.

The HONOR Magic Vs is 12.9-millimeter thin when folded and weighs 261 grams, which the brand said makes it one of the lightest foldable phones in the market.

The phone also has a gearless hinge made through single-piece casting processing technology.

“The HONOR Magic Vs is able to withstand over 400,000 folds, equivalent to more than 10 years of use with 100 folds per day, creating a new first in foldable smartphone design,” the brand said.

The foldable phone has a 6.45-inch external display with a 21:9 aspect ratio and a 90% screen-to-body ratio.

Meanwhile, its main screen is an extra-wide 7.9-inch display for ease of multitasking and better viewing.

The HONOR Magic Vs has an AI-enabled HONOR Image Engine and triple-camera system made up of a 54-megapixel (MP) IMX800 main camera, a 50MP ultra-wide and macro main lens, and an 8MP 3X optical zoom camera.

It is powered by a  Qualcomm Snapdragon 8+ Gen 1 Mobile Platform with enhanced GPU and CPU performance. It also supports the 66-watt wired HONOR SuperCharge fast charging.

The phone comes in three colors: orange, cyan and black.

Complete the Christmas spread with Beef Morcon

DELICIOUS Beef Morcon by Chef Jester Arellano

AMONG the many noche buena staples, Beef Morcon is deemed as an all-time favorite. A special meat roll, this roulade is stuffed with sausage or hotdogs, carrots, pickles, cheese and egg.

Chef Jester G. Arellano, a full-time professional faculty member of the School of Hotel, Restaurant, and Institution Management (SHRIM) of the De La Salle-College of Saint Benilde, has shared his recipe.

INGREDIENTS
(Serves 3 to 4 portions)

Marinade:

55 ml soy sauce

55 ml calamansi juice

10 gm McCormick Paprika Salt

5 gm McCormick Crushed Black Pepper

3 gm McCormick Sea Salt

200 gm beef brisket or top round (2 pieces, cut thinly about 1/3 inch)

Filling:

40 gm cheddar cheese (batonnet/sticks)

25 gm pickled cucumber (batonnet/sticks)

30 gm hotdog (cut into half, lengthwise)

20 gm carrots (battonet/sticks)

20 gm pork ham

Braising liquid:

50 gm onions, finely chopped

15 gm garlic, finely chopped

75 gm tomato, finely chopped

75 gm chorizo, sliced

50 gm tomato paste

110 ml red wine

500 ml water

½ pc bouillon beef cubes

PROCEDURE:
Flattening and Marinating the Beef

1. Pound each of the beef with a mallet to flatten and tenderize.

2. Marinate the beef with soy sauce, calamansi juice, paprika, salt and pepper. Cover and let it set for 30 minutes to an hour.

3. Remove the beef from the marinade and reserve the liquid for the sauce or braising liquid.

Filling and Rolling the Beef

4. Place a piece of beef flat on a plate or chopping board.

5. Arrange each of the filling on top of the meat on the end near you.

6. Roll the meat to the other end, enclosing the filling inside.

7. Using a butcher’s twine, secure the roll at around one-inch intervals.

8. Repeat the filling, rolling and tying with the remaining of the beef.

Braising the Beef

9. In a large pot, heat oil over high heat. Sear the beef rolls until brown on all sides.

10. Remove the beef then add the onions and garlic in the same pot. Sauté until fragrant and soft.

11. Add the chorizo, diced tomato, and tomato paste. Sauté for two to three minutes.

12. Deglaze it with red wine. Let it simmer for two to three minutes or until the alcohol smell is gone.

13. Add the reserved marinade and the beef stock.

14. Bring to a boil and add the beef rolls. Turn the heat low and cover the pot with a lid.

15. Braise for two to three hours or until the beef is tender. Make sure to turn and stir the roll and braising liquid from time to time to avoid any bottom scorching.

FINISHING THE SAUCE AND SERVING
16. Transfer and reserve the beef rolls on a plate or container. Remove the twine and cut into round slices.

17. Simmer and reduce the sauce until thick and flavorful. Season with salt and pepper as needed.

18. Pour the reduced sauce with the sliced beef rolls.

19. Serve while hot.

In the holy land, a Christmas spirit is reborn

Arak — PREACHER LAD/ EN.WIKIPEDIA.ORG/

BEIT JALA, West Bank — In a small distillery just outside Bethlehem in the Israeli-occupied West Bank, a clear liquid drips out of a copper pot still into a stainless steel barrel, ringing like church bells.

Every year with the start of Advent, which arrives shortly after the end of the grape harvest, Nader Muaddi prepares a new batch of arak, an anise-flavored spirit.

The drink, which turns milky white when mixed with water and ice, pairs perfectly with Levantine cuisine, particularly mezze and grilled meats.

“Arak is used to bring people together around a meal, to share conversation, to strengthen relationships, and that’s what we do around the holiday season,” Mr. Muaddi said. “So, it’s not only the spirit of Palestine, it’s our Christmas spirit.”

Arak was first produced in Iraq more than a thousand years ago and is considered the oldest distilled spirit. Historically, families across the Levant produced their own wine and arak, which they would share with guests visiting during Christmas.

Christians make up a small fraction of the Palestinian population in the West Bank, Gaza, and East Jerusalem. Many live in Bethlehem, the traditional birthplace of Jesus, and its immediate surroundings.

Making arak was a way to repurpose leftover wine before it turned into vinegar, said Mr. Muaddi. While that tradition has largely continued in neighboring countries like Lebanon and Syria, he said, it ended for Palestinians when home distilling became prohibited under British and then Jordanian rule.

According to Muaddi, licensed arak factories eventually gave up on the distillation process entirely in an effort to reduce costs and increase profits, compromising its quality.

“When the quality of arak went down, people deserted it,” he said. Among Palestinians, it developed a bad reputation as “a drink for drunkards.”

But for Mr. Muaddi, who grew up in the United States among Arab diaspora communities, arak was at the center of every feast and fete. “It’s the drink of companionship,” he said.

When he returned to the West Bank in 2007, he was spending so much on purchasing high-quality arak from Syria and Lebanon, a friend quipped that he should consider making his own — a challenge he took on in 2010.

HOBBY BECOMES A BUSINESS
He read books, joined online forums, watched YouTube tutorials, and kept experimenting until perfecting the recipe. When friends and neighbors voiced interest in buying his arak, Mr. Muaddi, who works full time at an international humanitarian organization, decided to turn his hobby into a side business.

Mr. Muaddi’s award-winning arak is made of indigenous species of grapes and anise grown in the West Bank. He said he hopes working with Palestinian farmers will incentivize them to keep cultivating their land in the face of Israeli threats of displacement, movement restrictions, and Jewish settler violence.

Mr. Muaddi said he buys between five and 15 tons of grapes a year depending on demand, which make up to 3,000 bottles a year.

In late September and early October, Mr. Muaddi picks grapes that are high in sugar levels and undergo a natural wild yeast fermentation when crushed. It takes about a month for them to turn into wine, which is then triple distilled in a copper Arabian pot still. The aniseed is added in the third round.

To monitor the process, which can take up to 26 hours at a time, he sometimes sleeps on a styrofoam mattress at the Beit Jala distillery and sets an alarm for every 15 minutes.

“Making arak the traditional way needs time, it’s tiring and expensive,” Mr. Muaddi said. As a small producer, “it’s hard for us to compete with imported goods from Turkey or China and everywhere else, even when it comes to alcohol.”

But since people are willing to spend more lavishly during the holidays, it’s an optimal time for sales, he said.

More than 95% of registered Palestinian businesses are small or medium in size, said Adel Hodali, treasurer of the Bethlehem Chamber of Commerce.

Craft distilleries, wineries and breweries are cropping up across the West Bank. But Mr. Hodali said that since the Palestinian alcohol market is small — given that most Palestinians are Muslim — arak makers are encouraged to export their products.

For Mr. Muaddi, reviving that tradition locally is a source of pride, no matter the cost.

“In Palestine, we’re not only losing land to the occupation, but we’re also losing elements of our culture and culinary heritage. I want to make arak popular again. I want to create an arak renaissance.” — Reuters

Cebuana Lhuillier extends digital access through BPI

CEBUANALHUILLIER.COM

CEBUANA LHUILLIER clients can now send money directly to any account in Bank of the Philippine Islands (BPI), the financial service provider said on Wednesday, in a move that further strengthened the two companies’ partnership.

“This partnership with BPI, no doubt the country’s most trusted bank, will provide clients from both our businesses much-needed convenience and accessibility in sending money to friends and family members, especially those living in communities,” Cebuana Lhuillier President and Chief Executive Officer Jean Henri D. Lhuillier said in a press release.

Falling under BPI’s “remit to account” facility, clients of Cebuana Lhuillier can send money via any of its 3,000-plus branches. The service will make sending and receiving money quicker and more convenient.

Mr. Lhuillier said that even before the pandemic, Cebuana Lhuillier has looked into digital channels through strategic partnerships to improve its money transfers business.

On its website, Cebuana Lhuillier describes itself as a micro financial services provider specializing in pawning, remittance, microinsurance, and micro-savings.

Mr. Lhuillier said the latest offering “Is in line with our commitment of further innovating our products and services, providing millions of Filipinos Cebuana Lhuillier options that go towards achieving financial inclusion.”

The press release stated that the partnership allows BPI access to unbanked and underbanked consumers through Cebuana Lhuillier’s wide reach.

Emirosco R. Sena, head of Cebuana Lhuillier integrated marketing and communications group, told BusinessWorld in August that the company was set to open 500 branches before the year ends to bring financial services to the underbanked and unbanked.

The press release quoted BPI Executive Vice-President and Head of Institutional Banking Juan Carlos L. Syquia as saying: “We are happy to collaborate with Cebuana Lhuillier on making this aspiration a reality, and we look forward to forging many more of these joint efforts in the future to reinforce BPI’s commitment of helping our country grow through the provision of relevant, innovative, and accessible financial solutions for all Filipinos.” — Aaron Michael C. Sy

Power Mac Center opens first Apple Premium Partner store in PHL

POWER Mac Center (PMC) last week opened the country’s first Apple Premium Partner store in Makati City.

The store located in Power Plant Mall has a one-stop concept and offers retail, service, and training to customers in its selling area.

“The brand-new PMC Apple Premium Partner store offers 275 square meters of shopping space that carries a comprehensive lineup of Apple products on offer, including iPhone, iPad, Apple Watch, Mac, and accessories including AirPods and AirTag,” PMC said in a statement.

“It also offers a Mobile Care Service Center helmed by expert technicians that can provide repair services and offer product knowledge, as well as dedicated space for product and feature demos conducted by Apple Certified Trainers,” it added.

The PMC Apple Premium Partner store also offers exclusive deals to corporate and education clients.

“The opening of our first Apple Premium Partner store is undoubtedly the culminating highlight of all of the store openings we’ve celebrated this 2022. As we expand our footprint in the different regions, we also always aim to elevate the overall customer experience with our brand. Power Mac Center is truly honored to be one of the first in Southeast Asia to offer this ultra-premium experience,” PMC Director of Product Management and Marketing Joey Alvarez was quoted as saying.

PMC is offering deals on Apple devices, accessories and services to those who will visit the concept store from Dec. 16 onwards. Details on the promos are available on PMC’s official social media pages.

The PMC Apple Premium Partner store will also host free workshops open to the public until Dec. 30.

“Topics include getting personal with iPhone 14 and iPhone 14 Pro, productivity with iPad, switching to Mac, project management with Mac, and portrait photography with iPhone. Conducted by Apple-certified PMC trainers, similar special sessions will be scheduled occasionally at the new store for anyone to join,” PMC added.

Justin Bieber slams H&M ‘trash’ merchandise featuring his image

PHOTO FROM JUSTINBIEBERMUSIC.COM

COPENHAGEN — Pop singer Justin Bieber lashed out at H&M over clothes featuring the Canadian artist’s image and lyrics, saying the Swedish fashion retailer had not obtained his approval.

“The H&M merch they made of me is trash and I didn’t approve it,” Mr. Bieber wrote in an Instagram story on Monday, encouraging his 270 million followers not to buy it.

H&M said separately that it had removed the Bieber-related products from sale and they no longer appeared available in its online stores.

“We have followed all approval stages, but while we are still checking this with all concerned parties, items have been removed from selling,” an H&M spokesperson said in a written comment to Reuters.

The online store of the world’s second biggest fashion retailer is offering hoodies, T-shirts and sweatshirts with pictures of Mr. Bieber or quotes from his lyrics such as “I miss you more than life” from the song “Ghost” for prices between 79.99 and 349 Danish crowns ($49.80-$114). — Reuters

TDF yields rise on BSP rate hike

REUTERS

YIELDS on term deposit climbed on Wednesday as both tenors on offer were oversubscribed, after the Bangko Sentral ng Pilipinas’ (BSP) policy meeting last week.

Total bids for the central bank’s term deposit facility (TDF) reached P326.384 billion, above the P260-billion offer but below the P341.947 billion in tenders for a P360 billion offering last week.

“The BSP offered a lower volume in the TDF auction at P260 billion from P360 billion last week and allocated P150 billion (from P200 billion) and P110 billion (from P160 billion) to the 7-day and 14-day tenors, respectively,” BSP Deputy Governor Francisco G. Dakila, Jr. said in a statement on Wednesday.

“Both tenors were oversubscribed with bid-to-cover ratios at 1.20x and 1.34x the respective volume offerings in the 7-day and 14-day TDF,” he added.

Broken down, the seven-day papers fetched bids amounting to P179.272 billion, higher than the P150 billion auctioned off by the central bank. However, this fell behind the P182.994 billion in tenders logged in the previous auction for a P220-billion offer.

Banks asked for yields ranging from 6% to 6.35%, a narrower margin compared with the 5.85% to 6.385% band seen a week ago. This caused the average rate of the one-week papers to rise by 10.71 basis points (bps) to 6.2466% from 6.1395%.

Meanwhile, demand for the 14-day term deposits amounted to P147.112 billion, higher than the P110-billion offering, but lower than the P158.953 billion in tenders for a P160-billion offering on Dec. 14.

Accepted yields were seen from 6% to 6.4875%, a slimmer band compared with 5.875% to 6.55% logged the previous week. This brought the average rate of the two-week deposits to 6.3323%, inching up by 8.52 bps from the 6.2471% logged a week ago.

The central bank has not auctioned off 28-day term deposits for more than a year to give way to its weekly offering of securities with the same tenor.

The BSP uses term deposits and 28-day bills to mop up excess liquidity in the financial system and better guide market rates.

“The results of the TDF auction reflect the partial pass-through of the BSP policy rate hike last week amid ample liquidity in the financial system. Looking ahead, the BSP’s monetary operations will remain guided by its assessment of the latest liquidity conditions and market developments,” Mr. Dakila said.

Yields on the term deposit facility were higher again this week after the latest policy rate hike of the central bank, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort likewise said in a Viber message.

The BSP raised its benchmark interest rate to its highest in 14 years and has signaled more tightening albeit at a slower pace next year.

The Monetary Board increased its overnight borrowing rate by 50 basis points (bps) to 5.5%, bringing the policy rate to its highest since November 2008, at 6%.

The move followed the 50-bp hike by the US Federal Reserve at its Dec. 13-14 meeting, which brought its key rate to 4.25-4.5%.

The BSP’s rates on the overnight deposit and lending facilities were also increased to 5% and 6%, respectively.

Since May, the central bank has increased borrowing costs by a cumulative 350 bps to tame inflation.

Headline inflation accelerated to a 14-year high of 8% in November, from 7.7% in October. For the January-to-November period, inflation averaged 5.6%. This is still below the 5.8% full-year forecast of the BSP, but way above its 2-4% target.

TDF yields were also higher after recent signals of more rate hikes next year, Mr. Ricafort said.

BSP Governor Felipe M. Medalla said a pause in monetary tightening next year has a low possibility of happening, and that the Monetary Board may have to raise borrowing costs at its first two meetings in 2023.

“Our goal is to have inflation between 2-4%, preferably closer to 3% than to 4% by the third quarter of next year, and then the fourth quarter until 2024 will also be like that. That’s our goal,” Mr. Medalla said.

He also said the BSP may consider smaller rate hikes next year, noting there is a higher chance of 25-bp or 50-bp rate increases at its next two policy meetings.

The schedule of the MB meetings for 2023 has yet to be released. — Keisha B. Ta-asan

First Balfour explores measures against climate change 

LOPEZ-led First Balfour, Inc. said it is exploring measures to adopt in its business operations to help mitigate the effect of climate change.

“Globally, the construction industry is one of the largest consumers of raw materials, and the processing of these materials for use in construction leads to embodied carbon in these materials in large amounts,” First Philippine Holdings Corp. (FPH) Vice-President and Chief Sustainability Officer Agnes C. De Jesus said in a statement.

First Balfour, the engineering and construction arm of (FPH), said that the company is also targeting to partner with its vendors and stakeholders in formulating a collaborative way of decarbonization.

First Balfour Strategic Business Head Vicente de Lima II said that climate change should be addressed through “collaboration with the vendors and subcontractors, government, communities, and even with competitors is most important.”

The engineering and construction firm said it joined pro-environment initiatives aimed to help the country achieve net-zero carbon emissions by 2050.

First Balfour is also targeting to reduce the company’s greenhouse gas emissions by monitoring emissions across its value chain. — Ashley Erika O. Jose

Musk says to step down as Twitter CEO once he finds successor

BILLIONAIRE Elon Musk said on Tuesday he will step down as chief executive officer (CEO) of Twitter, Inc. once he finds a replacement, but will still run some key divisions of the social media platform.

“I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams,” Mr. Musk wrote on Twitter.

Mr. Musk’s $44-billion takeover of Twitter in October has been marked by chaos and controversy, with some investors questioning if he is too distracted to also properly run his electric vehicle automaker Tesla, Inc., in which he is personally involved in production and engineering.

This is the first time Mr. Musk has mentioned stepping down as chief of the social media platform, after Twitter users voted for him to resign in a poll, which the billionaire launched on Sunday evening.

In the poll, 57.5% of around 17.5 million people voted “yes.” Mr. Musk had said on Sunday he would abide by the results. He has not provided a time frame for when he will step down and no successor has been named.

The poll results capped a whirlwind week that included changes to Twitter’s privacy policy and the suspension — and reinstatement — of journalists’ accounts that drew condemnation from news organizations, advocacy groups and officials across Europe.

Wall Street calls for Mr. Musk to step down had been growing for weeks and recently even Tesla bulls have questioned his focus on the social media platform and how it might distract him from running the electric vehicle maker.

Mr. Musk has himself said he had too much on his plate, and that he would look for a Twitter CEO. He said on Sunday, though, that there was no successor and that “no one wants the job who can actually keep Twitter alive.” — Reuters

Jeremy Clarkson’s Meghan column most complained about ever UK press regulator

LONDON — A Sun newspaper column by British television presenter Jeremy Clarkson about Prince Harry’s wife Meghan has become the press standards regulator’s most complained about article, it said on Tuesday, with more than 17,500 complaints received.

In a column published on Friday, Clarkson, who gained worldwide fame as presenter of motoring show Top Gear, wrote of Meghan: “I hate her. Not like I hate (Scottish First Minister) Nicola Sturgeon or (serial killer) Rose West. I hate her on a cellular level.

“At night, I’m unable to sleep as I lie there, grinding my teeth and dreaming of the day when she is made to parade naked through the streets of every town in Britain while the crowds chant, ‘Shame!’ and throw lumps of excrement at her.” Mr. Clarkson on Monday said he was “horrified to have caused so much hurt.” The article has now been removed from the Sun’s website.

The Independent Press Standards Organization (IPSO) said it had received more than 17,500 complaints so far, the most about any article since it was established in 2014.

More than 60 lawmakers signed a letter written by Caroline Nokes, chair of parliament’s Women and Equalities Select Committee, to the editor of the Sun warning such articles contribute to a climate of hatred and violence against women.

“Enough is enough. We cannot allow this type of behavior to go unchecked any longer,” said the letter, which was posted on Twitter by Nokes. “We now demand action is taken against Mr. Clarkson and an unreserved apology is issued to Ms. Markle immediately.”

The Duke and Duchess of Sussex, as Harry and Meghan are officially known, stepped down from royal duties in March 2020, saying they wanted to forge new lives in the United States away from media harassment.

In a Netflix documentary series which concluded last week, Meghan spoke about how her treatment by the media had left her feeling suicidal as well as concern over whether she and her children were safe. — Reuters