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British Council in the Philippines expands programs for Filipinos

THE BRITISH Council marked its 45th anniversary in the Philippines with the launch of new and expanded United Kingdom (UK) programs in arts, English, education, and research.

“This year, we are committed to continuing to explore and expand on where we can bring impact — from market insights for international education to the UK’s vibrant arts and creative industries, and all matters that can further strengthen the UK-Filipino linkages,” said Lotus Postrado, country director of British Council in the Philippines, in a March 30 press statement.

In the English front, the UK’s international organization for cultural relations and educational opportunities will expand its network of English testing centers across the Philippines. It will likewise continue to offer its annual IELTS (International English Language Testing System) Prize, a scholarship program open to students who have taken the IELTS from the British Council.

In education, the British Council provides resources for students who would like to pursue degrees abroad through Study UK, the UK’s campaign that promotes the country’s higher education options.

“We are seeing that the UK remains to be one of the top study destinations for Filipino students who aspire to widen their horizons,” according to head of education Pierre Pecson, in the same press statement.

“The UK’s Graduate Route enables international students who complete their degrees to stay in the UK for post-study opportunities for two or three years,” he added.

For arts, meanwhile, grants have been made available for the Filipino music industry, starting with delegates for Brighton’s music industry conference, The Great Escape, scheduled on May 10-13.

The British Council has also pledged to continue its support of sustainable crafting in the second phase of its Woven Networks program, in partnership with Forest Foundation, Inc. Four grantees will receive support to work with UK collaborators to implement projects, with a showcase slated in November 2023.

The British Council’s research initiatives, on the other hand, include the 2023 launch of Science Beyond Borders, an anthology on the stories of program scholars and partners, as supported by the Newton Agham Program, a UK and Philippines partnership.

Its Women in STEM (Science, Technology, Engineering, and Mathematics) scholarships, which offer postgraduate scholarships in the UK for Filipinas, is on its third run as well.

“Championing professionals in the research and sciences are essential in advancing knowledge and programs that address various societal concerns, as well as capacity building and boosting the Philippines’ global competitiveness,” said Danie Son Gonzalvo, education program manager. “The launch of Science Beyond Borders and the ongoing Women in STEM program is a way for us to support these talents and contribute to the country’s nation-building.” — Patricia Mirasol

Telcos boost efforts for more SIM registrations

PHILSTAR FILE PHOTO

TELCO companies are ramping up efforts such as partnering with schools and government units as well as rolling out subscriber identity module (SIM) registration booths as the April 26 deadline draws closer.

Smart Communications, Inc. said that around 3,000 Valenzuelanons registered their SIM cards under its partnership with the Pamantasan ng Lungsod ng Valenzuela (PLV).

Smart’s SIM registration drive in Valenzuela City had 350 student volunteers from PLV who assisted 33 barangays as part of their National Service Training Program.

Meanwhile, Ayala-led Globe Telecom, Inc. announced on Monday that its Globe Stores and Easy Hubs will provide assistance for SIM registration.

Under this initiative, 147 Globe stores and 25 Easy Hubs will be open to help Globe’s mobile and broadband customers to register their SIMs.

DITO Telecommunity Corp. has also enhanced its application to simplify the registration process on the platform.

The improvements in DITO App cover the implementation of optical character recognition that allows automated personal data entry and the increase of DITO numbers that can be processed to five per registration, among others.

Aside from app improvements, DITO will also give two gigabytes of bonus data to its subscribers as soon as they complete the SIM registration process.

In the data provided by the Department of Information Communications Technology, the total number of registered SIMs as of April 2 reached 57.18 million.

This number is around 33.8% of the 168.98 million total subscribers nationwide.

Around 28.97 million of the total number of registered SIMs are Smart users, Globe logged about 23.84 million registered subscribers, and DITO recorded 4.37 million.

Republic Act 11934 or the SIM Registration Act requires all SIM users to register their SIMs under their name until April 26, or risk SIM deactivation.

The law aims to help mitigate the proliferation of text scams and other mobile phone-aided criminal activities. — Justine Irish D. Tabile

Republic Glass Holdings Corp. to conduct annual stockholders’ meeting in hybrid format on April 28

 


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Dwayne Johnson says a live-action version of Moana is in the works

LOS ANGELES —  Walt Disney Co. is developing a live-action version of its animated movie hit Moana, star Dwayne Johnson announced at the company’s annual shareholder meeting on Monday.

Moana is set in ancient Polynesia and tells the story of a teenage girl who sets sail on an epic journey to help save her tribe.

The animated version was released in 2016 and racked up nearly $683 million at global box offices.

“I’m deeply humbled and overcome with gratitude to bring the beautiful story of Moana to the live-action big screen,” said Mr. Johnson, who voiced the role of the demigod Maui in the original film.

“This story is my culture, and this story is emblematic of our people’s grace and warrior strength,” said Mr. Johnson, whose mother is Samoan.

The actor said the new movie was in the early stages of development. No release date was announced. — Reuters

SSS pension loan releases reach record high in 2022

BW FILE PHOTO

PENSION LOANS released by the Social Security System (SSS) last year reached P5.95 billion, almost twice the P3.08 billion recorded in 2021.

This was the highest annual disbursement since 2018 when the Pension Loan Program (PLP) started, SSS President and Chief Executive Officer Rolando L. Macasaet said in a statement.

These were disbursed to 10,660 retiree-pensioners, 93% higher than P257.01 million granted to 5,753 retiree-pensioners in 2021.

“We are delighted that we have assisted many of our retiree-pensioners for their short-term and immediate financial needs. We also prevent them from becoming victims of private lending institutions that charge high interest rates and require them to surrender their ATM (automated teller machine) cards as collateral,” Mr. Macasaet said.

Applicants for the state pension fund’s PLP also grew by 85% to 127,920 retiree-pensioners in 2022 from 69,036 retiree-pensioners in 2021.

Mr. Macasaet said this was due to the easing of quarantine restrictions which allowed applicants to visit SSS branches.

Broken down, Luzon recorded the highest number of PLP applicants with 30,158 retiree-pensioners amounting to nearly P1.39 billion in pension loans, followed by the National Capital Region with 28,239 borrowers amounting to P1.43 billion.

In third place was Visayas with 17,038 loan applicants amounting to P740 million, and lastly, Mindanao with 12,917 borrowers and loans worth P590 million.

“Meanwhile, applications through My.SSS portal had 39,568 loan applicants amounting to P1.80 billion,” the SSS said.

Mr. Macasaet said 69% of borrowers filed their loan applications physically, while 31% applied online using their My.SSS account.

Approved online PLP applications also jumped by 963% to 39,568 last year, from 3,721 in 2021.

“Opening an online facility for PLP borrowers paved the way for more retiree-pensioners to access this loan program. It also offered them convenience because they could submit their application even in the comfort of their homes. Once approved, the loan proceeds are directly credited to their disbursement accounts within five working days,” Mr. Macasaet said.

The PLP offers a 10% per annum interest rate, with installment payment terms ranging from six to 24 months.

Qualified retiree-pensioners can avail themselves of a loan equivalent to three, six, nine, or 12 times their basic monthly pension but not exceeding P200,000. — AMCS

EDC net income up by 20%

ENERGY Development Corp. (EDC) registered an attributable net income of P10.98 billion last year, higher by 20.4% than the P9.12 billion recorded a year earlier, primarily due to its revenue growth.

In a disclosure to the bond exchange, EDC reported a 14.9% increase in revenues to P48.70 billion from P42.37 billion previously.

Revenues from its combined bilateral power supply contracts and Wholesale Electricity Spot Market (WESM) sales reached P48.36 billion, up by 16.9% from P41.38 billion in 2021.

EDC, the renewable energy arm of Lopez-led First Gen Corp., said electricity sales in 2022 decreased by 2.8% to 8,770.6 gigawatt-hours (GWh) from 9,027.1 GWh in 2021.

In 2022, EDC also announced that it had invested a total of P143 million in its corporate social responsibility projects focusing on education and the environment.

EDC, a diversified renewable energy company, said it remains committed to forging collaborative ways to help attain its decarbonization and net-zero targets.

On its website, EDC said that it has an installed renewable energy capacity of 1,476.59 megawatts (MW). It also said geothermal energy is the company’s major power source with an installed capacity of 1,181.8 MW or 61.3% of the country’s total. — Ashley Erika O. Jose

Lyceum, Asian Eye tie up to boost optometry course

AN OPTOMETRIST works on a patient. — PHILIPPINE STAR/ MICHAEL VARCAS

LYCEUM of the Philippines – St. Cabrini’s School of Health Sciences, Inc. and the Asian Eye Institute have partnered to improve the school’s optometry program, the institute said in a statement.

The tie-up aims to develop graduates that have more clinical experience in response to the needs of modern optical practice, it said.

“We at Asian Eye Institute believe that we can provide the technical assistance to build a program that will develop optometry graduates with skills that will be valuable in their clinical practice,” President Joaquin E. Quintos IV said in the statement.

The eye center and research institute welcomes clinical interns from different schools to hone their expertise and interpersonal skills through rotations within its clinical network.

This partnership aligns with Lyceum’s commitment to provide globally competitive learners to industries, according to Brigido L. Carandang, Jr., the school’s chief academic officer.

“This collaboration has innovated the optometry program, providing future optometrists with more practice-focused and hands-on learning,” he said in the same statement.

Vision impairment and blindness rank among the major concerns in the Philippines, with a prevalence rate of 1.98%, according to the Health department, citing a 2018 study by the National Institute for Health’s Philippine Eye Research Institute.

This represents 1.11 million Filipinos with cataract, 400,000 with uncorrected error of refraction, about 300,000 with glaucoma and 200,000 with maculopathy. There are more than 4 million Filipinos living with undiagnosed eye problems, it said.

An optometrist is the primary healthcare provider for routine eye care. Ophthalmologists, on the other hand, are medical doctors who specialize in surgical eye procedures.

Asian Eye aims to implement an optometry program that allows students to become job-ready at every stage of their education, the institute said.

The program has 41 students, with the inaugural batch in their fifth year. It will produce its first set of graduates in 2025.

Lyceum opened its College of Optometry and College of Medicine in 2018. — Patricia B. Mirasol

Philippines set to receive first-ever LNG cargo for power generation

THE Philippines has bought its first-ever liquefied natural gas (LNG) cargo, which will be delivered this month, bound for a new terminal that will fuel a 1,200-megawatt (MW) power plant, global energy trader Vitol said on Monday.

Vitol Asia Pte. Ltd., a supply and trading unit of Vitol Group, will supply the LNG cargo to San Miguel Global Power Holdings Corp. from its global LNG portfolio, Vitol said in a statement.

It did not disclose the volume and price.

The purchase comes after spot LNG prices in Asia fell sharply from all-time highs last year when Russia cut gas supplies to Europe following the Ukraine war and sparked a flurry of purchases by European nations.

Faced with declining output from its Malampaya natural gas field, the Philippines is the newest LNG buyer in the region as it seeks alternative fuel supply for existing gas-fired power plants producing more than 3,000 MW, including San Miguel Global’s 1,200-MW Ilijan power plant.

The LNG cargo will be delivered around mid-April to Singapore-based Atlantic, Gulf and Pacific’s (AG&P) import terminal in the Philippines.

“This is a significant milestone and we look forward to bringing more LNG supply from around the world to meet the rising gas demand of the Philippines,” said Vitol Asia president Mike Muller.

The Ilijan plant in Batangas province, 142 kilometers (88 miles) south of Manila, is among several power generation assets of San Miguel Global, a unit of Philippine conglomerate San Miguel Corp.

Ilijan’s power output is expected to significantly augment the country’s generation capacity in the face of rapidly increasing post-pandemic demand, Vitol said.

The plant has been undergoing repair works to improve its fuel efficiency and generation ramp rate since last year after gas supply from Malampaya ended, according to San Miguel.

AG&P’s import facility will be the first to come online among seven LNG terminal projects approved by the Philippine government. It will have annual capacity of five million tons. — Reuters

Ben Affleck hopes to score Michael Jordan’s approval for film Air

LOS ANGELES —  Actor Ben Affleck is hopeful for basketball legend Michael Jordan’s seal of approval after directing the biographical sports film, Air, which is based on Jordan’s historic deal with the Nike shoe brand.

Despite glowing reviews from critics and audiences since its world premiere at the South by Southwest Film Festival in March, the retired Chicago Bull’s verdict on the movie still is not in. The movie premieres on Wednesday in theaters and will later stream on Amazon.com, Inc.’s Prime Video.

A representative for Jordan did not respond to a request for comment about the film.

“I certainly wouldn’t be comfortable with promoting the movie any further by assigning Michael’s vote of approval to it,” Mr. Affleck told Reuters. “I will tell you that every step was taken along the way to make sure that he had every option available to him because of the respect that we have for him.”

The cast of Air includes Good Will Hunting actor Matt Damon, who produced the movie and portrays the real-life former sports marketing executive, Sonny Vaccaro. Affleck plays Nike co-founder Phil Knight and The Woman King actress Viola Davis portrays Jordan’s mother, Deloris Jordan.

The movie is the first from Mr. Affleck and Mr. Damon’s new production company, Artists Equity, which aims to ensure both cast and crew benefit from the film’s profits.

There was one key role that Affleck and Damon decided not to fill, and it was Michael Jordan’s.

“The second you put the camera on an actor and say ‘Hey, it’s Michael Jordan’ and it’s not Michael Jordan, you’re going to lose the audience, so we knew. Michael’s just too famous and means too much to people to try to have someone else play him in a movie,” Mr. Damon said.

Instead of casting an actor to try filling Mr. Jordan’s shoes, Air shows small snippets of the athlete’s presence, including intercut footage of his playing career at the end.

The film explores the origins of the popular Air Jordan basketball shoe line in the 1980s that captured Mr. Jordan’s black silhouette jumping with a ball in his hand on every shoe, eventually becoming a staple in both the fashion and sports industries. —  Reuters

Credit Suisse chairman says he is ‘truly sorry’ for bank’s demise

ZURICH — Credit Suisse’s chairman apologized for taking the Swiss bank to the brink of bankruptcy, as he faced shareholder fury over the demise of the once proud flagship.

The hastily arranged takeover by Zurich-based UBS, for which Switzerland invoked emergency legislation, bypassed Credit Suisse shareholders, who would otherwise have had a say, and all but wiped them out.

Its final meeting of shareholders on Tuesday marks an ignominious end to the 167-year-old bank founded by Alfred Escher, a Swiss magnate affectionately dubbed King Alfred I, who helped to build the country’s railways and then the bank.

Protesters gathered outside the concert venue where the meeting took place, with some erecting a capsized boat to depict the bank’s demise.

Inside, Chairman Axel Lehmann issued an apology, saying he had run out of time to turn the bank around, despite his belief “until the beginning of the fateful week” that the it could survive.

“I am truly sorry,” said Mr. Lehmann. “I apologize that we were no longer able to stem the loss of trust.”

After years of scandal and losses, Credit Suisse came to the brink of collapse before UBS rode to the rescue with a merger engineered and bankrolled by the Swiss authorities.

“Until the end, we fought hard to find a solution. But ultimately, there were only two options: deal or bankruptcy. The merger had to go through.”

Shareholder advisory firm Ethos decried the “greed and incompetence of its managers” as well as pay that reached “unimaginable heights”, as it prepared to challenge top executives at the meeting.

“Shareholders have lost considerable amounts of money and thousands of jobs are on the line,” it said.

FIRST PUBLIC ADDRESS
The meeting is the first time that Chairman Lehmann and Chief Executive Ulrich Koerner publicly addressed shareholders since the takeover.

Credit Suisse had been attempting to put the past behind it and restructure, before a shock triggered by the collapse of Silicon Valley Bank in the US sent it into a spiral.

After a run on deposits, the Swiss government turned to UBS, which agreed to buy Credit Suisse for 3 billion Swiss francs ($3.3 billion), a fraction of its earlier market value.

The move angered not only shareholders but many in Switzerland. A survey by political research firm gfs.bern found a majority of Swiss did not support the deal.

“The government’s use of emergency powers to push this deal through goes beyond legal and democratic norms,” said Dominik Gross of the Swiss Alliance of Development Organisations.

“Swiss taxpayers too are on the hook for billions of francs of junk investments and yet the government, (regulator) FINMA and the central bank have given little explanation about the state’s 9 billion (franc) loss guarantee to UBS.”

One of the world’s biggest investors, Norway’s sovereign wealth fund said it would vote against the re-election of Mr. Lehmann and six other directors, in a public show of protest.

US proxy adviser Institutional Shareholder Services (ISS) had earlier rebuked the bank’s management for a “lack of oversight and poor stewardship.”

In the lead-up to Tuesday’s meeting, Credit Suisse said it had withdrawn certain proposals from the agenda.

Those include the discharge of management, which is typically a bellwether of confidence. It also ditched plans for a special bonus linked to the bank’s transformation plan.

Credit Suisse’s near collapse also wiped out $17 billion of Additional Tier 1 (AT1) debt.

A group of AT1 investors has hired law firm Quinn Emanuel Urquhart & Sullivan to demand compensation.

Meanwhile, the office of the attorney general on Sunday said Switzerland’s Federal Prosecutor has opened an investigation into the Credit Suisse takeover. — Reuters

Sustainable healthcare

A group of healthcare professionals recently expressed a belief that, as far as they are concerned, the coronavirus disease 2019 (COVID-19) pandemic has come to an end.

One of the officials of the Philippine College of Physicians has said the pandemic is already over because they are no longer seeing too many cases of COVID-19 on the ground.

The official added that their group was just waiting for the World Health Organization (WHO) to make an official announcement about the status of COVID-19, which has infected more than 760 million people and killed more than 6.8 million people globally.

As of the weekly epidemiological update by the WHO, more than 3.7 million new cases and more than 26,0000 deaths were reported worldwide on Feb. 20 to March 19. While these figures showed a sharp decline in cases and deaths, the WHO said there are significant regional differences, including increases in some areas.

The COVID-19 pandemic, which has overwhelmed and overburdened healthcare systems worldwide, has made a compelling case for the global community to take notice and action.

Amid the country’s continuing recovery from the socioeconomic and health impact of this pandemic, there is progressive realization on the need to strengthen the healthcare system and make the efforts sustainable.

With several countries moving on from the pandemic, there is also recognition that it is high time to shift the focus to other equally pressing health concerns.

“Six of the 10 diseases that caused the most deaths in the Philippines in 2019 were noncommunicable diseases, with ischemic heart disease and stroke occupying the top two spots,” Lotis Ramin, president of AstraZeneca and concurrent president of the PHAPCares Foundation, told a recent forum.

The other noncommunicable diseases on the top 10 list are chronic kidney disease, diabetes, hypertensive heart disease and chronic obstructive pulmonary disease, she said.

More than seven million Filipinos had been diagnosed with stage 3 chronic kidney disease or even higher in 2021; 19,000 new cases of lung cancer were diagnosed in the country in 2020; and 11 million Filipinos are suffering from asthma, Ms. Ramin said, citing statistics from global studies.

Unfortunately for the last three years, noncommunicable diseases had to be deprioritized to address the urgency of the COVID-19 pandemic. With these figures, it’s time to bring the attention back to the equally serious problem of noncommunicable diseases, which account for 68% of deaths in the Philippines.

Close to 50% of healthcare expenditure in the country is out of pocket, which is very challenging especially for those in the lower socioeconomic bracket.

Ms. Ramin stressed that addressing the huge unmet needs in healthcare in the country requires government and private sector partnership to maximize resources and innovative approaches.

An encouraging development is the inclusion of healthcare in the Marcos government’s eight-point socioeconomic agenda. The innovative biopharmaceutical industry, which has also been in the forefront of COVID-19 efforts, looks forward to building stronger partnerships with the government to support this agenda and improve healthcare access for Filipinos, Ms. Ramin said.

At the same forum, Diana Edralin, general manager of Roche and president of the Pharmaceutical and Healthcare Association of the Philippines (PHAP), said investing in healthcare should not be seen as a burden or cost, but rather as a human capital investment that drives economic growth.

With improved healthcare and a healthy population, production losses due to absenteeism and tardiness, as well as those from frailty and fatigue, are reduced, the doctor said. Children can also become smarter and stronger, and grow up to become more competent adults, she said.

Ms. Edralin presented the industry’s proposed whole-of-systems approach toward sustainable healthcare. To promote early detection, screening and prevention, the industry aims to elicit the participation of local government units through public-private partnerships (PPPs), as well as to continue partnering with patient groups in line with their patient-centric thrust.

Another area for partnership is the continued conduct of clinical trials to generate local data and provide Filipino patients with early access to treatment.

Clinical trials are carefully designed studies that establish the benefits and risks of a medical treatment or intervention. Beyond the health benefits, they translate to investments that have positive economic impact on the country.

These economic benefits include direct investments made by biopharmaceutical companies to identify and operate clinical trial sites; hire staff and contractors; recruit, retain and treat participants; and conduct clinical trial protocols and activities, including monitoring research sites.

A further area of collaboration is the continued updating of the Philippine National Formulary through a dynamic health technology assessment process that will make innovative and life-saving treatments available in public hospitals and other government facilities to lower out-of-pocket costs.

Ms. Edralin recommended three sustainable investments in healthcare that are needed today — increase public investments in health, accelerate the implementation of the Universal Health Care Act and the National Integrated Cancer Control Act, and expand the innovation mindset and public-private partnerships in health.

 

Teodoro B. Padilla is the executive director of the Pharmaceutical and Healthcare Association of the Philippines, which represents the biopharmaceutical medicine and vaccine industry in the country. Its members are in the forefront of research and development efforts for COVID-19 and other diseases that affect Filipinos.

Warner Bros. nears deal for Harry Potter online TV series

RUPERT Grint, Daniel Radcliffe, and Emma Watson in a scene from the 2001 film Harry Potter and the Sorcerer’s Stone.

Warner Bros. Discovery, Inc. is close to a deal for a new online TV series based on Harry Potter, the best-selling young adult books, according to two people with knowledge of the matter.

Each season of the series will be based on one of JK Rowling’s seven books, said the people, who asked not to be identified since the deal hasn’t been announced, suggesting years of fresh fare from the popular stories.

The company is hoping the series can be one cornerstone of a new streaming strategy that will be announced next week by HBO’s parent, Warner Bros. That company’s chief executive officer, David Zaslav, and HBO chief Casey Bloys have worked to convince Rowling to produce a new series, but the deal hasn’t been completed.

The series would allow the writers to delve further into the world of Ms. Rowling’s books, many of which are longer than 500 pages. Warner Bros. previously turned each of the seven books into a hit movie, culminating in a two-part film based on the final installment.

Warner Bros. has been eager to do more with one of the best-selling book series of all-time. While Ms. Rowling blessed a stage play adaptation and a theme-park attraction, she had yet to sign off on new movies or a TV show.

A spokesman for Warner Bros. declined to comment.

The author will be involved in the series to ensure it remains loyal to her original material but will not run the show day to day or serve as its primary creator, the people said. Rowling has at times generated controversy with remarks about the trans community.

Warner Bros. is preparing to announce a new streaming strategy, including the name Max for its flagship online service, which debuted as HBO Max. Key to that strategy will be having new content, especially films and TV shows based on stories and characters that viewers already know.

Warner Bros. has a deep library of programs that fit the bill, including Rowling’s Wizarding World, the Lord of the Rings material and a league of superheroes that includes Batman, Superman, and Wonder Woman.

Mr. Zaslav has decided he wants to invest in fewer movies and TV shows and have the ones the company does make be of a higher caliber. In February he announced that the company would be making a new series of films based on Lord of the Rings, although details still have to be worked out.

The Harry Potter books tell the story of a young wizard whose parents were slain when he was an infant and is then raised by his non-magical aunt and uncle. He discovers he is a wizard and is invited to attend Hogwarts, the world’s leading school for wizards.

The Potter brand has spawned a series of successful products and spinoffs. Working with Salt Lake City-based Avalanche Software, Warner Bros. in February published the highly anticipated Hogwarts Legacy, a role play game based on the Potter world.

The series has also spawned a stage production, Harry Potter and the Cursed Child.

But it is the books themselves and the seven films that have had the largest impact. According to the US publisher Scholastic Corp., the book series has sold 600 million copies in 85 languages over 25 years, becoming the all-time bestseller.

The eight films based on the series generated worldwide ticket sales of more than $7.7 billion, according to Box Office Mojo. —  Bloomberg

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