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Ayala firms amend ownership percentage in asset-for-share swap

AYALA-LED listed companies AC Energy Corp. (ACEN) and ACE Enexor, Inc. on Wednesday said they had amended their deed of assignment for the transfer of the former’s rights and interests in five energy assets to the oil and gas exploration company.

“The sole amendment sought to correct the reference to the resulting ownership percentage of [ACEN] in ACEX from 89.96% to 89.78% of the outstanding capital stock of ACEX,” ACEN said referring ACE Enexor’s stock symbol.

The amendment, which was executed on Jan. 31, was applied to the following assets: Palawan55 Exploration & Production Corp., Bulacan Power Generation Corp., CIP II Power Corp., Ingrid3 Power Corp., and One Subic Power Generation Corp.

On Dec. 29, 2021, ACE Enexor announced the signing of an agreement assigning its 339,076,058 shares to ACEN at P10 apiece in exchange for the latter’s five assets. The total value of shares to be transferred to ACEN is at P3.39 billion.

The agreement prompted the Philippine Stock Exchange to suspend the trading of ACE Enexor until further disclosure on the deal.

“As a result of the foregoing transaction, power generation business or assets will be infused into ACEX,” the exchange had said.

At the local bourse on Wednesday, ACEN dropped 15 centavos or 1.61% to close at P9.15 per share. ACE Enexor shares rose P0.60 or 1.76% to close at P34.60 apiece. — M.C. Lucenio

AIA Philippines launches variable unit-linked life insurance product

SCOTT GRAHAM-UNSPLASH
AIA PHILIPPINES launched a new life insurance product meant to protect against accidents and some illnesses. — SCOTT GRAHAM /UNSPLASH

AIA PHILIPPINES unveiled a life insurance product, which also offers protection against accidents and some critical illnesses, responding to Filipinos’ increased need for financial security amid the pandemic.

The variable unit-linked life insurance plan called AIA All-In-One Plus will include protection against accidents, disability, and critical illnesses aside from death, the insurer said in a statement on Wednesday.

“The pandemic made everyone realize the need for protection, even among those who are non-believers of insurance,” said Tennyson Paras, AIA Philippines associate director for products.

The product also includes AIA Vitality, the wellness program of the insurer. It is likewise packaged with a Double Vitality Booster feature, giving active members additional coverage and a loyalty bonus.

The product was launched in line with findings from a 2021 study of AIA Group, the parent company of the insurer, which showed consumer spending allocation for insurance products increased 27% in 2021. This reflected the heightened interest for insurance products amid uncertainties brought by the pandemic, AIA Philippines said.

Results of the study also showed stronger interest for insurance products as 75% of Filipinos said it has become more important in case of unexpected incidents. Meanwhile, 27% said they are eyeing to increase the funds they set aside for insurance.

“We recognize that aside from their physical health, Filipinos these days are equally concerned about their financial well-being,” Mr. Paras said.

Policyholders of the AIA All-In-One Critical Plus can also grow their savings through diversified investment funds available to the product suited for their risk profile.

In 2020, AIA Philippines had the largest assets among life insurers with P291 billion, based on data from the Insurance Commission.

It ranked second in terms of net income worth P4.52 billion, and placed fourth in its net premiums amounting to P16.77 billion. — L.W.T. Noble

Miller looking for best outcome in Beijing Winter Olympics

FIL-AM ALPINE SKIER ASA MILLER — ASA MILLER FB PAGE

FIL-AM alpine skier Asa Miller said improving on his past performance is a more realistic goal than striking gold in the Winter Olympics in Beijing, China.

“I don’t think I’m in contention to win gold, but I’m certainly in a position to improve my performance,” said the 21-year-old Mr. Miller, the country’s lone bet and one of the rare few from Southeast Asia who made the cut to the quadrennial meet.

“But I want to be better, improve on my previous performance and give a proud representation of the Philippines,” he added.

The Portland, Oregon native, whose trip is being bankrolled by the Philippine Sports Commission chaired by William Ramirez and Philippine Olympic Committee President Abraham Tolentino, is eyeing to eclipse his 70th-place finish in the 2018 Pyeongchang Winter Games where he debuted as a 17-year-old.

Mr. Miller, like everybody else, is expected to brave the harsh conditions posed by the Ice River — the giant slalom course they will compete at that is located at the slope of the Xiaohaituo Mountain.

The landscape was so tough that two-time gold medalist Mikaela Shriffin of the United States was booted out as early as the second round on Wednesday that quashed her hopes of grabbing a third mint.

Mr. Miller will also be eyeing to improve on a 42nd-place effort by Ben Nanasca in the 1972 Saporro Games, which stands until today as the best finish by a Filipino in the event thus far.

Mr. Nanasca and Jun Cipriano were the first Filipinos and Southeast Asians to make it to the Winter Games. And Mr. Miller hopes he could set a record of his own. — Joey Villar

Apple to launch Tap to Pay feature in challenge to Square

APPLE, INC. confirmed plans to release its much-anticipated Tap to Pay feature on the iPhone later this year, giving merchants an alternative to Block, Inc.’s Square technology.

The option will let sellers accept payments through Apple Pay, credit cards and digital wallets without additional hardware, the company said in a statement. The system relies on near field communication, or NFC, to securely connect. Apple’s plan, which was previously reported by Bloomberg, sent shares of Block down as much as 3.2% after it was announced on Tuesday.

“Tap to Pay on iPhone will provide businesses with a secure, private and easy way to accept contactless payments and unlock new checkout experiences,” Jennifer Bailey, vice-president of Apple Pay and Apple Wallet, said in the statement.

Apple has been working on the new feature since around 2020, when it paid about $100 million for a Canadian startup called Mobeewave that developed technology for smartphones to accept payments with the tap of a credit card.

The feature includes technology that will let third-party payment networks adopt the system for their own users. Stripe, Inc. will be the first payment platform to offer the feature to customers, with more coming later this year, Apple said.

“Whether you’re a salesperson at an internet-first retailer or an individual entrepreneur, you can soon accept contactless payments on a device that’s already in your pocket: your iPhone,” Billy Alvarado, Stripe’s chief business officer, said in the statement.

It’s hard to say how much the rollout could affect Square, whose equipment and services are used by many small businesses. Barclays analyst Ramsey El-Assal said on Tuesday that there isn’t an immediate threat. After dipping on Tuesday, Block’s shares mostly recovered to close down less than 1% to $102.29.

“We do not expect the inclusion of Apple’s Tap to Pay will have a material impact on current competitive dynamics,” he said.

The feature also puts the spotlight on a key antitrust argument against the iPhone maker: Apple’s grip on mobile payments. Various payment services have complained to governments for years that the tech giant reserves the iPhone’s NFC chip for its own payment system, Apple Pay. The European Union and other entities have investigated Apple over this practice.

The new service may ease those concerns by allowing outside vendors like Stripe to access the functions. Still, some payment companies are asking for more interoperability. MagicCube, Inc. Chief Executive Officer Sam Shawki, whose company makes similar technology to Apple’s new service, is hopeful he will be able to use the iPhone NFC chip for his own offering.

MagicCube’s service lets third-party apps accept tap-to-pay credit cards. So far, that system only works on Android because of the closed nature of the iPhone’s hardware.

“In payments, open solutions work,” he said. “We’d love if everyone would be open. Can you imagine if you were a merchant and your system would only work with an iPhone or Android?” — Bloomberg

The Flavors of Valentines

FLAME Al Fresco Valentine Set

DESPITE the restrictions of the past two years — or maybe because of them — romance is definitely in the air, and there are many establishments eager to help folks get their love on. From super indulgent room packages, to couples hilot massages, from multi-course meals with a view, to tea, macarons, and donuts, here is a listing of some of the ways to earn a spot in his or her heart.

LOVE + ROMANCE AT DISCOVERY PRIMEA

Discovery Primea’s culinary team has prepared another selection of romantic dinners, at-home celebrations, and charming gift ideas for guests to fall in love with this February. Restaurant Tapenade offers a four-course Valentine dinner inspired by the romantic cities of Spain and Italy from Feb. 12 to 14. The set menu includes Baked Oysters, Risotto Carbonara, Slow-Roasted US Beef, and Molten Chocolate Tart for P1,800++ per person. For outdoor dining experience, Flame Al Fresco offers a safe and intimate venue overlooking the metro’s skyline. Guests can dine under the stars on Feb. 12 and 14 with a special five-course set menu the highlights of which are Steamed Black Grouper and Josper-Grilled Rib Eye with a Japanese-inspired accompaniment. Flame Al Fresco’s Valentine Set Menu is offered at P2,800++ per person. Guests availing themselves of the Valentine Set Menus at either restaurant will be treated to a box of Chocolate-Espresso Madeleines. Those who prefer a romantic dinner date at home can order The Primea At Home: Je T’aime kit which features a French multi-course feast for two. With bistro style Croquetas and Crostinis, Salad Niçoise, Petite US Bistro Beef Roast with sides, and a Flourless Chocolate Cake, the kit —  priced at P5,000 net —  is available from Feb. 11 to 14, and comes with complimentary Chocolate-Espresso Madeleines. A bottle of Villa des Causses Malbec 2019 may be added for P1,800 net. Discovery Primea also has gifts available for takeout from Feb. 8 to 22. These include Primea Cookies, with each jar containing Chocolate Chip & Cherry Cookies as well as a Love Themed Sugar Cookie. Offered at P600 net per 500 ml and P850 net per one liter jar. Send cheers with a Gin Hamper containing a bottle of Whitley Neill, tonic water, and a collection of mixers. Offered for P4,500 net, this gin kit makes it easy for anyone to craft His & Hers cocktails, and to toast to this love-filled season. Advance table bookings and placement of orders are recommended. For reservations and inquiries, call 7955-8888 or e-mail primea.restaurants@discovery.com.ph To view the complete menus and for more information on the hotel’s Valentine offers, visit https://bit.ly/LoveRomanceAtPrimea or follow Discovery Primea on Facebook and Instagram.

SWEET ESCAPES AT NEW WORLD HOTEL

New World Makati Hotel takes guests on a love-filled journey from Feb. 11 to 14, from an overnight stay with red wine and a chocolate heart surprise, to romantic indulgences such as strawberry afternoon tea at The Lounge, buffet dining at Café 1228, and premium Chinese cuisine at Jasmine, to gifts that speak to one’s heart courtesy of The Shop. The Shop offers a Heart-shaped Chocolate Surprise as a fun way to share to love. Simply crack open the shell using the wooden mallet provided to reveal the surprise of treats inside. This is available in whole and petite sizes at P1,300 and P300 net, respectively. Advanced orders get a discounted rate of P1,088 net for the whole sized version. There are also Valentine’s Gift Boxes which include the Heart Surprise with a wooden mallet, red or white wine, and an option to upgrade to sparkling wine or Champagne. Each box starts at P3,500 net. Kids and kids-at-heart will love the Red Velvet Cakesicles for P480 per box of two, while the Valentine Chocolate Pralines in boxes of 10 or 20 are P700 and P1,200 net. Orders for the “Gifts from the Heart” collection must be placed 48 hours in advance and will be available until Feb. 15. Afternoon Tea at The Lounge comes with a touch of romance. Enjoy its daily selections of sweet and savory treats paired with tea or coffee and an option to upgrade to sparkling wine. This set is a combination of sweet and savory bites such as Strawberry cream cheese macaroons, Hazelnut strawberry eclairs, and Scones with jam and cream, to name a few, and savory items Smoked salmon with strawberry cream cheese in wheat bread, Mini quiche with salami and strawberry filling, and Chicken salad in rye bread. From Feb. 11 to 14, the above promotion includes two complimentary glasses of sparkling wine and is priced at P1,500 net for two guests. Afternoon tea is available daily from 2 to 6 p.m. until March 21. From Feb. 11 dinner to Feb. 14 lunch, guests can savor Café 1228’s buffet selections such as roast ribeye, roast bone-in pork loin, lamb chops, fresh live oyster, crab, mussels, shrimp and more with free-flowing soda and iced tea for P1,288 net per person except on Feb. 13 (lunch and dinner) and 14 (lunch) when it will be at P1,600 net. Valentine’s Day dinner comes with a glass of sparkling wine for the couple as well as a Heart-shaped Chocolate Surprise and a chance to win special prizes for the ladies (priced at P2,250 net per person. Chinese restaurant Jasmine highlights two set menus at P1,588 net per person (minimum of two persons). Finally, have a romantic overnight stay in a Deluxe room that’s with breakfast for two as well as a Chocolate Surprise. This is paired with a bottle of red wine (included in the package). Upgrade to a Residence Club Deluxe room to add free-flowing cocktails and two food items at The Lounge aside from the above inclusions. The Deluxe and Residence Club Deluxe room packages are P7,500 and P9,000 net, respectively. For inquiries and reservations, call 8811-6888, e-mail reservations.manila@newworldhotels.com, or book a room package directly via www.tinyurl.com/NWSweetEscapes.

VALENTINE REVELRY AT DIAMOND HOTEL MANILA

Diamond Hotel Philippines has Valentine offers which it hopes will make hearts beat faster. Corniche will serve a Valentine’s Lunch and Dinner Buffet for P3,380 net per person from Feb. 10 to 16. For an authentic flavor of Japan, Yurakuen Restaurant will have an eight-course Valentine Set Menu on Feb. 13 and 14, for P3,180 net per person, inclusive of a glass of house wine. If a romantic setting is needed, the hotel’s Poolside is the perfect date place. A five-course Valentine Set Dinner awaits couples at P2,900 net per person on Feb. 14. Over at the Lobby Lounge, a four-course Valentine Set Lunch and Dinner with a glass of house wine is on Feb. 13 and 14, for P3,800 net good for two persons. All ladies dining on Feb. 14 will receive a keepsake from the hotel. For restaurant reservations call 8528-3000 ext. 1121. Prior reservation is required. Prefer to dine at home for this occasion? Order curated Luxury Platters and Set Menus from www.onlineshopping.diamondhotel.com. Also available are Grazing Boxes, premium pastries and desserts. Limited edition sweets available until Feb. 28 include the Chocolate Gluten-free and Flourless Cake, Strawberry Yuzu Cream Cake, and Valentine Smash Box in Pink and Red colors. Valentine lunch and dinner at the restaurants may also be purchased in advance through the online shopping site. Take a Valentine escape and get cozy with the Make Room for Love package, with rates starting at P6,200 net per night inclusive of continental set breakfast for two, WIFI access, and scheduled use of the Health Club facilities. Reserve your accommodations via diamondhotel.com, call 8528-3000 or e-mail reservations@diamondhotel.com. IATF guidelines and other conditions apply.

FOOLPROOF VALENTINE’S AT THE PEN

Enjoy an epic and romantic luxe escape with The Peninsula Manila’s Foolproof Valentine room package. At P10,000, the room package includes a romantic overnight stay in a Deluxe Room, an intimate four-course prix fixe dinner for two at The Lobby, and a set breakfast for two the following morning also at The Lobby. In addition, the hotel is offering a lavish “Foolproof Your Valentine A la Carte Gift Menu” that offers a selection of indulgent treats — guests can choose to purchase a box of 24 handmade Peninsula chocolates and a dozen Ecuadorian roses for P7,250, or a bottle of Peninsula Champagne at P12,825. Throw in a set of 10 Natalya Lagdameo “Giniling” gold-plated bangles for P4,500, a Serie Nuit silk polyblend His or Hers loungewear set for P5,990, Jewelmer’s men’s Pearl of Wisdom braided leather cord bracelet which retails for P33,000, or a Janina Dizon “Tatjana” clutch for P45,000. (All items on the “Foolproof Valentine Day A la Carte Gift Menu” are on personal account, and should be pre-ordered and prepaid.) Rates start at P10,000 for a Deluxe Room, inclusive of taxes. The complete package can be had for P118,565 along with a romantic night in a Deluxe Room at The Peninsula Manila. For inquiries or further information on the room package, call 8887 2888 (trunk line), extension 6630 (Room Reservations), e-mail reservationpmn@peninsula.com, visit the website peninsula.com, or through PenChat, The Peninsula Manila’s 24-hour e-concierge by using this link: https://bit.ly/PenChatFacebook.

CELEBRATE VALENTINE’S DAY AT SHERATON MANILA BAY

Sheraton Manila Bay offers many ways to celebrate Valentine’s Day for singles, couples, and families alike. The hotel’s Pacific Lounge offers a scenic view of the Manila skyline as couples enjoy a dinner for two for P2,600 net per person with the Taste of Love: Valentine’s Day Dinner. The highlight of the seven-course set menu are slow braised beef cheeks and herb-crusted lamb rack, roasted cauliflower puree, blistered tomato, king oyster mushroom, radish and port wine reduction with beurre noisette. Complimentary themed beverages of Cupid Cappuccino or Blueberry Acai White Tea and Mignardise are served après-dinner. Promo is available from Feb. 12 to 14. One can also enjoy an elevated dining experience that is “Exclusively Yours” for a night. The hotel’s Garden and Gazebo the 21st floor offers a view of the starry night sky. For P14,880 net for two persons, guests can have the exclusive use of the Garden and Gazebo, a romantic rose-petal setup at the dome, a seven-course set dinner with a glass of wine, and long-stemmed rose for your beau. Promo is available on Feb. 14 and all weekends of February. Meanwhile, guests who wish to celebrate elsewhere can opt for the “Love Picnic-To-Go” inclusive of a classic picnic-hamper filled with three-course takeaway dinner for two persons, a grazing box, and homemade super country baguette for P2,188 net. Upgrade the picnic basket with a bottle of red or white wine for P2,488 net. Promo is available from Feb. 10 to 28. For the total Sheraton romantic experience, avail of the Romantic Escape room package, inclusive of overnight accommodation, breakfast for two, pre-dinner cocktails for two, 25% discount on Valentine’s Dinner at the Pacific Lounge, and a romantic room setup. Booking period is from Feb. 11 to 19. Book at bit.ly/RomanticEscapeMNLSB (24 hours advance reservation is required). Social distancing and health and safety precautions are strictly implemented. For table reservations, call 5318-0788, 0917-583-7294, 0917-583-7326 or e-mail sh.mnlsb.fnb@sheraton.com. For room reservations, call 5318-0788 or e-mail reservations.manilabay@sheraton.com.

LOVE IS IN THE AIR AT SAVOY HOTEL MANILA

Savoy Hotel Manila in Newport City offers a month-long room package and dining promotions for February in celebration of Valentine’s Day. Make Valentine’s Day dinner special with the Sweet Surrender dinner offering at Savoy Cafe. For P1,300 net per person, enjoy a three-course meal with a complimentary glass of red wine, from 6 to 10 p.m. Starters are a choice between beetroot and feta cheese salad or carrot and red bell pepper cappuccino, followed by a choice of main course of fettucine ala vongole or roasted baby back ribs. The meal is capped by strawberry cake dessert. For an al fresco dining experience there is Love in the Moonlight, a three-course pre-Valentine dinner from Feb. 2 to 13, at the poolside for P1,300 net. There is the Sweet Escape Room Package for P5,200 net which includes an overnight stay at a standard room with complimentary breakfast for two, a Valentine welcome amenity, a bottle of wine, and 15% discount on spa use and dining. A vaccination card is required for fully vaccinated guests, while a negative RT-PCR test valid 48 hours prior to check-in is required for non-vaccinated guests. Children below 11 are allowed to check in if their companion has either one of the abovementioned requirements. For details, visit www.savoyhotelmanila.com.ph or call 5317-2869, or e-mail dine@savoymanila.com for dining offers and stay@savoymanila.com for room offerings.

CELEBRATE LOVE AT EDSA SHANGRI-LA 

Couples have a variety of picturesque dinner dates to choose from with Edsa Shangri-la, Manila’s restaurant and lounges, available from Feb. 12 to 14. A sumptuous buffet at HEAT featuring Boston lobsters, ratatouille roasted leg of lamb and a foie gras live station at P2,950 net per person inclusive of iced tea. For those who miss Japan, Senju offers a five-course set dinner with a choice of hot or cold sake, a glass of Sapporo draft beer or Strawberry iced tea at P3,500 net per person. For a romantic evening with live piano music, go to the Lobby Lounge, where a four-course set menu at P6,000 net for two people with a glass of house wine, iced tea or chilled juice is on offer. Outdoor dining options include a four-course set menu paired with a glass of house wine, iced tea, or chilled juice complemented with a welcome cocktail Al Fresco by the Pool at P8,000 net for two people. Or for a more intimate setting, dine in the Gazebo, nestled in the hotel’s tropical garden. Rate starts at P27,800 net which includes a welcome cocktail, a five-course set dinner for two, a bottle of champagne, and a dedicated butler throughout the night. Gazebo dining is available for the whole month of February. For a dinner date at home, Gourmet on the Move has a three-course set menu at P2,850 net for two people and P6,800 net for five persons available until Feb. 15. To sweeten the celebration, Valentine cakes, chocolates, hampers, and more are on offer at The Bakeshop until Feb. 15. Escape for a night or two with a loved one as the hotel offers a Valentine’s room package for stays between until Feb. 28. The package includes breakfast for two, a Valentine Love Heart box from the Flowerstore.Ph, a bottle of house sparkling wine, guaranteed 8 a.m. early check-in, complementary access to the Health Club and use of lagoon-shaped swimming pool within the stay dates. The package rate starts at P8,800++ per night. To complete the Valentine experience, couples may go for luxurious pampering and book a massage at CHI, The Spa which reopens on Feb. 14, daily from 10 a.m. to 8 p.m. Treatment rates start at P2,700 net. For inquiries and reservations, call 8633-8888, or e-mail manilaedsa@shangri-la.com. For takeaway and delivery, visit https://bit.ly/eslshangshop.

RICHMONDE ORTIGAS’ VALENTINE OFFERS 

Still wary of dining out and joining the throngs of dating couples in restaurants this Valentine season? You can still have a romantic dinner sans the crowd with Richmonde Hotel Ortigas’ new gourmet takeaway options. Order the Valentine’s Day Hotbox Specials where for P1,490, one gets the Guinness Braised US Beef Cheeks Hotbox served with root vegetables, mushroom ragout, and polenta. For less carbs with a healthier choice there is the Miso-glazed Black Cod Hotbox, served with teriyaki-infused soba noodles and bokchoy for P1,320. Elegantly packed in Richmonde’s signature black takeaway box, these specials also have a built-in steaming kit. For dessert there is Berry Sweet Strawberry Cheesecake, a 4” inch cake priced at P645. All these are available for pickup and delivery orders from Feb. 11 to 19. As a special promo, a flat rate fee of P150 applies for deliveries within Pasig, Mandaluyong, Makati, and Quezon City, while delivery is free within San Miguel Ave., Pearl Drive, and Escriva Drive. Pre-order with minimum of 24-hour lead time is required. For orders and inquiries, contact 8638-7777, mobile/Viber number 0917-534-4352, or e-mail fbsup@richmondeortigas.com

HILTON MANILA’S VALENTINE ‘UNDERNEATH THE STARS’ 

Hilton Manila at Resorts World Manila serenades couples with signature indulgences “underneath the stars” this Valentine’s month of February. There are Deluxe and Premium Valentine’s Packages with rates starting from P10,000. The Deluxe Valentine’s Package includes a five-course menu, welcome cocktails, a wine pairing experience, a glass of sparkling wine, handmade chocolate pralines, and long stem rose for the lady, which may be enjoyed either In-pool or Poolside. For a more upscale evening, the hotel’s Premium Valentine’s Package provides couples with a more intimate celebration through the Cabana, Vubble, or Balcony Experience, all inclusive of a seven-course menu, welcome cocktails, wine pairing, bottle of champagne, handmade chocolate pralines, and bouquet of long-stemmed roses. The exclusivity of the fully air conditioned Vubble is coupled with a dedicated butler and gueridon service, a bouquet of 12 long-stemmed roses, 10 Polaroid film shots, a personalized menu, on top of an Overnight stay with breakfast in an Executive room. The hotel’s Balcony Package, also features a luxurious overnight stay in a Balcony room, paired with a dinner set-up overlooking the picturesque views of the poolside, a bouquet of 12 long-stemmed roses and breakfast for two. Couples who wish to share the romantic evening with others may also choose to avail themselves of the hotel’s Stretch Vubble which can comfortably seat six to eight diners. The newly constructed Stretch Vubble offers the same exclusivity as the Vubble Pod, with the convenience of being able to share feasts with family and friends. Price starts at P30,000. To learn more about Hilton Manila’s Valentine’s Offers, visit: https://bit.ly/PoolsideRomanceatHiltonManila. For inquiries or reservations, call 7239-7788 or 0917-826-6442, or send a message on Facebook through m.me/hiltonmanila.

CITY OF DREAMS TASTEFUL OFFERINGS 

City of Dreams Manila sets the mood for a special Valentine’s Day celebration with special menus at its restaurants Nobu Manila, Haliya, and Crystal Dragon; sweet delights at Café Society; and romantic getaway deals and family leisure stays at Nüwa Manila, Nobu Hotel, and Hyatt Regency Manila. Nobu Manila will have a Valentine’s Day five-course Omakase menu, which is available only on Feb. 14. The menu comes with a complimentary welcome sake cocktail and zensai (appetizer) for P11,000 net for two people. City of Dream’s modern Filipino restaurant, Haliya has a Valentine’s Day menu available for P8,350 net for two. The five-course menu comes with a choice of two cocktails. Crystal Dragon has a Valentine’s Day set menu which will be available from Feb. 13 to 15 for lunch and dinner at P3,800 per person. The set menu comes with a glass of sparkling wine. Sweets lovers are spoilt for choice with Café Society’s lineup of chocolates, cakes, pastries, and other confections available from Feb. 11 to 14. Some of the choices include Valentine’s love bear (P3,500 net); Cupid’s box, consisting of three to six assorted chocolates (P500 net and P850 net); and Valentine donuts (P1,100 net for six pieces) among others. One can have a romantic getaway with loved ones at any of City of Dreams Manila’s three hotels. Packages for leisure stays provide an overnight stay for two adults, complimentary breakfast for two, complimentary minibar items, a 20% food and beverage discount in in-room dining and in restaurants operated by City of Dreams, a 20% discount on select Nobu Spa and Nuwa Spa services during the stay, a 10% discount on DreamShop items, and a special welcome amenity. There is no extra charge for two children under 12 years old sharing a room with their parents. Weekday rates start at P17,900 net for Nüwa; P9,400 net for Nobu Hotel, and P6,300++ for Hyatt Regency Manila. For weekends, the rates are: P19,400 net for Nüwa Manila, P10,900 net for Nobu Hotel, and P7,800 ++ for Hyatt Regency Manila. Booking and stay period to avail of the packages is until Feb. 28. Restaurant reservations are encouraged, through calling 8800-8080 or e-mailing guestservices@cod-manila.com. For more information, visit www.cityofdreamsmanila.com.

BELMONT HOTEL MANILA UNVEILS ROMANTIC ROOFTOP DINNER    

Book a table for two or more at Belmont Hotel Manila’s “Skies in Love” at The Rooftop 11, on Feb. 14, and enjoy a four-course dinner with a glass of wine, a long-stemmed rose and stuffed toy for the ladies, and live acoustic music. Guests may choose from two set menus, the highlights of which are Seared Mahi Mahi in Pumpkin Ginger Sauce and Japchae Noodles with US Angus Beef Tenderloin. The rate for this special dinner is P3,500 net for two people. For a celebration at home, there is The Cupid’s Meal Delivery. For P3,000 enjoy an Asian Valentine’s Day meal good for two persons that consists of hot noodles, two entrees and dessert, plus, a stuffed toy for the ladies. There are two menus to choose from. Orders must be placed at least two days in advance. Last, but certainly not least, there is a special Valentine’s room package. The Love Sparks at Belmont Room Package is inclusive of an overnight stay in a Superior Room, breakfast for two at Café Belmont, a complimentary bottle of wine, and a surprise welcome amenity. All these for P5,500 net and good for two people. This room offer is valid for stays from Feb. 12 to 28 and is subject to government restrictions. To make room reservations, visit the website www.belmonthotelmanila.com, e-mail stay@belmontmanila.com or call 0917-817-9281. For dinner and delivery reservations, e-mail dine@belmontmanila.com or call 5318-8888.

CONRAD OFFERS ‘FLAVORS OF LOVE’   

Conrad Manila welcomes the Season of Romance this February with the “Flavors of Love” feasts at its restaurants. China Blue by Jereme Leung indulges with a memorable six-course set Valentine’s menu highlighted by Pan-fried beef tenderloin, and Crispy Hainanese chicken rice. As an added treat, the special lady will receive a rose stem. Price starts at P4,980 per person with the Valentine’s Set Menu available from Feb. 12 to 14. Bring home signature cakes and chocolates from Bru Coffee Bar such as Strawberry Lychee Cake, Very Berry Tart, and Bru’s specially curated Valentine’s Hamper which includes a Smashable Chocolate Heart, Heart-shaped Macarons, a bottle of Champagne, among other romantic surprises. Brasserie on 3 has an indulgent dinner feast. The Living Kitchen offers an ensemble of dishes, with the couple treated to welcome canapes, a glass of champagne, a rose for the lady, and Conrad Manila’s Signature Carey the Carabao plush doll. Prices start at P2,800 per person. Couples can enjoy views of Manila Bay while enjoying Valentine’s Afternoon Tea at C Lounge, with prices starting at P1,850 for two people. Afternoon Tea is available on Feb. 11 to 14. Conrad Spa has a Valentine’s Wellness Retreat featuring Apricus Wellness treatments including a Dead Sea salt scrub, a Therapeutic immunity boosting oil bath and Touch therapy massage specially designed to invigorate mind and body. Price starts at P17,000. For reservations and inquiries, call 8833-9999 or e-mail conradmanila@conradhotels.com.

LOVE MONTH AT THE FARM

The Farm at San Benito is offering “Vitality of the Hearts,” a couple’s package to celebrate Valentine’s Day in a healthy and nourishing way. Not far from Manila, The Farm at San Benito is located in Lipa, Batangas which is 90 minutes away from the city. “Vitality of the Hearts” is a four-hour sweetheart journey designed to cleanse the body of negative energy, and restore vitality. The package is P24,200++ for two persons (inclusions: Cupid Acupuncture, Hilot Kasuyo, a signature cocktail). The Pool Villa room rate starts at P25,000++ (weekday promo). Add-ons like In-Room Bathtub Setup, Romantic Room Setup, are also available. Visitors can spend quality time together and participate in mindful movements such as yoga sessions, mandala flower meditation, wellness talk with afternoon tea, sound healing, functional fitness, organic farm tour, nature walks, and more. Come sundown, enjoy an intimate dinner with a choice of five-course nutrient-rich meals from any of the resort’s wellness cuisines — vegan, vegetarian, and pescetarian — along with a glass of wine for two. The resort has its own COVID testing center on-site that administers antigen nasal swab tests to ensure the safety and well-being of all its guests and employees. For details visit Facebook https://www.facebook.com/thefarmatsanbenito, Instagram @thefarmatsanbenito, or the website www.thefarmatsanbenito.com. For bookings and inquiries, call 0918-884-8080, 0917-572-2325, 0917-572-2223, 0917-572 -2977 or send an e-mail at reservationsteam@thefarm.com.ph.

MIMI & BROS’ SPECIAL VALENTINE’S BUNDLES

Mimi & Bros has prepared a lineup of bundles perfect for couples, friends, and families which will be available from Feb. 11 to 14. These bundles, which already include drinks, give customers options for their preferred dishes from a variety of Mimi & Bros’ bestsellers. There is a special bundle for two for P700 which includes two glasses of iced tea and two dishes of one’s choice from the following Mimi & Bros bestsellers: Truffle Honey Butter Chicken Fingers, Pepperoni Dirty Bird, Dirty Bird 2.0, Lola’s Ragu, Garlic Shrimp Pasta, and Pork Ribs Carbonara. Breakfast for two is also available for P660. It contains two cups of brewed coffee alongside two dishes from the Mimi & Bros all-day breakfast menu, which includes Breakfast Burrito, Beef Tapa, Caramelized Spam, Chicken Tocino, Beef Brisket Corned Beef, Adobo Flakes, Bacon Rice, and Classic Omelet. Mimi & Bros also offers a bundle for three just in case the classic third-wheeler tags along. The bundle offers three choice dishes and three glasses of iced tea for P1,000. Choices include Corn Dogs, Chicken Fingers with Molten Cheese Dip, Bobby’s Honey Lime Wings, Eddie’s Buffalo Wings, Fish Sauce Caramel Wings, and Fried Chicken Sisig. The last bundle offered is for sharing the love with double dates, families, or barkada. This bundle comes with four glasses of iced tea and four choice dishes for P1,400. Choices include Mozzarella Sticks, Chili Nachos, Dirty Bird 2.0, Chili Dog, Rib Sandwich, Mimi’s Fried Chicken Sandwich, and Double Cheese Smash Burger. To order, call Mimi & Bros at 0945-798-5176 or reach Mimi & Bros through Facebook Messenger (m.me/mimiandbros) or via Instagram (@mimiandbros). Mimi & Bros is also open for al fresco dining from 11 a.m. to midnight on weekdays and 7 a.m. to midnight on weekends at Crossroads BGC, 32nd St., Bonifacio Global City, Taguig.

THE SPIRIT OF LOVE WITH DYLAN PATISSERIE

In addition to Dylan Patisserie’s regular selection of macarons, eclairs, and cakes, for Valentine’s it offers a Raspberry and White Chocolate Crunch cake: a heart-shaped cake with layers of refreshing raspberry jelly, velvety raspberry mousse, light and airy joconde sponge, and crispy feuilletine crust. Continue the theme of love by adorning any cake purchase with Chocolate Heart Toppers add-on for P100. Or choose to gift a loved one with one of the patisserie’s selection of gifts and hampers. Choose from the Eternal Love Hamper, Sweetheart Bundle, and Darling Bundle which contain an assortment of gourmet cookies and Belgian chocolates. The flagship boutique, located in Bel-Air, Makati, can also be a date night destination. Avail of Dylan Patisserie’s ongoing free delivery promotion within Metro Manila until Feb. 28. Cake orders —  made through Viber or WhatsApp at 0917-877-2999, Facebook or Instagram at @dylanpatisserie.ph — will be delivered for free with a minimum purchase of ₱800, within five kilometers from the boutique, and a minimum purchase of ₱1,200 for beyond five kilometers. To find out more about Dylan Patisserie and their offerings, or to place an order for any occasion, visit http://dylanpatisserie.com/ or drop by the store at 116 Jupiter Street, Barangay Bel-Air, Makati City, open Sundays to Saturdays, from 9 a.m. to 9 p.m..

SWISS CHOCOLATES AND MORE AT M&S

Marks and Spencer (M&S) suggests giving your Valentine a gift that is good for the environment from the M&S Swiss Chocolate and Belgian Chocolate range. The sustainable brand’s chocolate is made with rich, 100% responsibly sourced cocoa, making it extra special. Pick from a wide selection of Swiss Chocolate flavors, from extra fine milk chocolate, to dark or hazelnut. For an assortment, get the Neopolitans, or the Belgian Collection which offers dark, white, and milk chocolate-coated biscuits. The British retailer is also known for its acclaimed wines. Crack open a bottle of either the Prosecco or the This Is Spanish Rose, and pair with special date night dishes like seafood or an appetizer of specialty cheeses. Order M&S Food at same-day delivery apps Pickaroo, Metromart and Foodpanda, or order within the day via Gcash at the M&S Philippines Viber Community at bit.ly/MSPH-VC.

BREAKFAST IN BED WITH TWG TEA

Looking for a romantic way to celebrate Valentine’s Day at home? Nothing says “I love you” better than breakfast in bed. Make this day extra special by spicing up a breakfast date at home with TWG Tea’s curated tea selection for this season of romance. Charm your Valentine with a morning tête-à-tête over a fragrant cup of Eternal Summer Tea, a South Africa red tea embellished with summer rose blossoms, raw berries, and a lingering aftertaste reminiscent of ripe Tuscan peaches. Or, cosy up in bed with a cup of French Earl Grey Tea and be transported to the city of love. A refined variation of a great classic, this black tea is delicately infused with citrus fruits and French blue cornflowers. Serve tea for two in style with elegant tea accessories from the TWG Tea collection, including a chic Design Glass Teapot and TWG Tea Mug or TWG Tea Morning Teacup and Saucer from the Bone China Collection, together with the Palace Tea Tray richly ornamented with the TWG Tea logo in burnished gold. Elevate the Valentine’s Day surprise with Tea Scented Candles. Choose the Silver Moon Tea Scented Candle for a suave fragrance of green tea and berries, or the Bain de Roses Tea Scented Candle for a rosy aroma of black tea, sandalwood, warm vanilla, and fresh grapefruit. For someone with a sweet tooth, there is TWG Tea’s exclusive selection of tea-infused handcrafted macarons, packaged in beautiful macaron gift boxes. Available in TWG Tea Boutiques in Greenbelt 5, Central Square, and Alabang Town Center. A limited selection is also available online on TWG Tea’s LazMall Flagship Store. Limited quantities of macarons are available for purchase from Feb. 7 to 10 only via the TWG Tea Valentine’s Day Order Form.

HONEYBON’S SWEET HEARTS

Love Month is getting a lighter and sweeter twist with Honeybon’s limited edition Valentine collection. The Sweet Hearts Series features two heart-shaped cakes. For the chooclate lover, there is the award-winning Belgian Decadence Cake (P680), Honeybon’s bestseller. Named as one of the best chocolate cakes in the metro by the Philippine Daily Inquirer, it has multiple layers of flourless and fudgy chocolate cake with creamy egg custard in between. The entire cake is then covered with rich chocolate ganache and topped with chocolate ganache rosettes. If looking for a fruity indulgence, there is Honeybon’s Strawberry Fields Shortcake (P820): two layers of sponge cake filled with cream and slices of fresh strawberries in between. The cake is covered with more strawberry cream and topped with whole fresh strawberries for a show-stopping look. Honeybon is now accepting pre-orders of the Sweet Hearts Series via www.honeybon.ph and at their stores in SM Megamall in Mandaluyong City and Festival Mall in Alabang. The limited-edition cake series is available for the whole month of February.

KRISPY KREME’S DREAMY VALENTINE’S COLLECTION

Krispy Kreme is welcoming this season of love with the new Dreamy Valentine’s Collection that features three heart-shaped doughnuts filled with a choice of a fruit puree and vanilla kreme or a white chocolate crunch, and dressed in pretty colors. Now available until Feb. 14 only, the Dreamy Valentine’s Collection doughnuts start at P59 apiece. They can be ordered in a box of six or a dozen. The variants are: Strawberries & Kreme Heart, filled with strawberry puree and vanilla strawberry kreme filling, dipped in white chocolate and a strawberry glaze, and drizzled with vanilla icing; a Blueberries & Kreme Heart, filled with a blueberry puree and vanilla blueberry kreme filling, dipped in blueberry white chocolate, and drizzled with vanilla icing and sprinkled with silver dragees; White Chocolate & Almonds Heart, filled with white chocolate crunch, dipped in white chocolate, topped with roasted almonds, and drizzled with gold glitter jelly. Available at all Krispy Kreme branches, or have them delivered by calling 888-79000 or ordering online through now.krispykreme.com.ph, GrabFood, Foodpanda, Pick.a.Roo, Mangan, OrderMo, and Groover.

SPECIAL TREATS FROM TINAPAYAN FESTIVAL

Tinapayan Festival, a local bakeshop offering soft and sweet baked products, celebrates the love month with a line of limited products. These include Fruit Pie Tarts: Peach Custard-filled tart shells topped with fresh peaches; Mango Custard-filled tart shells topped with fresh mangoes; and Strawberry Custard-filled tart shells topped with fresh strawberries. There is also the Triple Chocolate Tart, a crispy crust butter pastry base filled with milk chocolate coated French biscuit and dark chocolate ganache, and Caramel Walnut, which is a crispy crust butter pastry base filled with caramel and walnuts. Visit Tinapayan Festival at 1650 Dapitan St. corner Don Quijote, Sampaloc, Manila or call 8732-2188 or 0961-715-2714 to place advance orders. Send an e-mail at sales@tinapayan@gmail.com. Tinapayan Festival is also available in GrabFood and FoodPanda.

CONTI’S NEW CHOCOLATE BLUSH 

Conti’s Bakeshop and Restaurant has added a new cake to its selection, Chocolate Blush, just in time for Valentine’s Day. A mixture of Valentine’s staples chocolate and strawberry, it features a layer of moist chocolate cake, cream filling, and strawberry cheesecake topped with malt chocolate. It is decorated with floral icing and chocolate malt balls on top. Score a free heart-shaped Love Topper when ordering Chocolate Blush from Feb. 11-14. Customers may also purchase the Love Topper as an add-on to any Conti’s cake for P65. Chocolate Blush is P1,095 for a whole cake, and is also available per slice at P165. It is available in all Conti’s stores for dine-in, take-out, pickup, or delivery. For details visit the website at http://www.contis.ph/ or check out their Facebook (@contisph) and Instagram (@contis_ph) pages.

MACARONS FOR SINGLE LADIES 

Macarons lovingly crafted as offers to single ladies this Valentine’s season has been whipped up by budding pastry chef Allyza Cepeda of Jane Dough Desserts. Dubbed as Moments of Love, the selection features unique flavors that evoke different emotions and memories. Cepeda, who honed her culinary skills at the School of Hotel, Restaurant, and Institution Management (SHRIM) of the De La Salle-College of Saint Benilde, dedicates Thirsty Tita to those who have yet to meet the one, as well as to those who find joy in being single. The French meringue-based dessert features a creamy ganache filling infused with Peach Soju. A gelée made of the fruit-flavored liquor is sandwiched to complete the boozy experience. Meanwhile, It’s Complicated is a combination of whipped coconut ganache filling and strawberry confiture center. Other macarons in the line are May Toyo, which features an unconventional blend of soy sauce and milk chocolate; Dream of Rose, which comes with a rose-infused ganache filling and a lychee-raspberry confiture center; Ludus, which has textured milk chocolate ganache dipped in Auro 64% dark chocolate pinipig (rice crispies) glaze; and, finally, Potchi comes with the iconic strawberry marshmallow filling and strawberry confiture center. Visit Jane Dough Desserts on Facebook (https://www.facebook.com/findjanedough) and Instagram (https://www.instagram.com/findjanedough/?hl=en)

TOBLERONE’S VALENTINE’S VIDEO GREETING

The Toblerone Valentine’s pack has a panel with a QR code. Scanning the code with your phone leads you to a chatbot, which will help you upload a message for the recipient, and give you a code that you can write on the Toblerone cardboard sleeve. The recipient can scan the QR code and watch the personalized video message. The promo is available in all Toblerone flavors: milk chocolate, dark chocolate, white chocolate, and crispy almond. The Limited Edition Toblerone Valentine’s packs are available in leading supermarkets and convenience stores. They are priced at P109 for 100g, P218 for 200g, and P393 for 360g.

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Hotels lobby for aid after losing mandatory quarantine business

FILIPINOS now view travel as a means to ease cabin fever and maintain good mental health. — PHILSTAR
PHILSTAR

THE hotel industry is asking for government aid after the easing of quarantine requirements took away one of their more reliable sources of business during the pandemic — mandatory hotel stays while observing the quarantine period.

The government recently allowed fully vaccinated travelers from a list of countries not requiring a visa for entry to skip the requirement to stay in a recognized facility during their quarantine.

Benito C. Bengzon, Jr., Philippine Hotel Owners Association, Inc. (PHOA) executive director, said during the Kapihan sa Manila Bay virtual forum on Wednesday that hotels have experienced a drop in occupancy following the removal of mandatory quarantine.  

“Right now, many of our hotels are recording single-digit occupancy… many of them were really banking on the quarantined guests for revenue,” Mr. Bengzon said.  

 “What we would like is some kind of financial assistance to help tide us over in the next six to 12 months. Perhaps this is something that we can discuss in greater detail with the relevant agencies, particularly with respect to the possibility of a stimulus program for hotels, whether they are members of PHOA or otherwise,” he added.

On Jan. 28, Malacañang announced that fully vaccinated travelers are allowed to enter the country without having to undergo mandatory quarantine. They are only required to present a negative reverse transcription polymerase chain reaction (RT-PCR) test taken at least 48 hours prior to their departure.

The new policy on returning Filipinos was in force on Feb. 1, while the removal of such restrictions on foreigners will begin on Feb. 10.

Mr. Bengzon said that “Moving forward, even as we open our borders to international travel, it is important to provide a lifeline to the hotels which have been suffering.”  

Tourism Secretary Bernadette Romulo-Puyat said at the virtual forum that the Philippines is ready for the reopening of international travel.

Ms. Romulo-Puyat said fully vaccinated travelers are exempt from the limit of 5,000 arrivals limit set by the government.

“Allowing the entry of these international travelers is a welcome development that will lead to growth in the travel and tourism sector, the restoration of lost jobs, the generation of much-needed revenue for tourism-related enterprises, tourism communities and the government, plus many other benefits that will be felt by the entire tourism value chain,” Ms. Romulo-Puyat said. — Revin Mikhael D. Ochave 

ADB considers RCEP beneficial to BPO sector; says not too late to join

PIXABAY

THE outsourcing industry is poised to benefit from the Regional Comprehensive Economic Partnership (RCEP) trade deal, with opportunities still likely available even with a delayed start, the Asian Development Bank (ADB) said.

“RCEP includes two chapters that are very relevant for digitalization,” ADB Economic Research and Regional Cooperation Department Director for Regional Cooperation and Integration Cyn-Young Park said in a briefing on Wednesday.

The trade deal involving the Association of Southeast Asian Nations, Australia, China, Japan, South Korea, and New Zealand includes chapters on e-commerce and intellectual property rights.

Ms. Park said that this establishes a set of unified rules on trade in services through e-commerce, and supports investment by protecting intellectual property.

“Especially in the Philippines, this will help greatly the BPO (business process outsourcing) sector,” she said. “BPO sector has been the core business for creating jobs and incomes for many, many people in the Philippines.”

An outsourcing industry group, the Information Technology and Business Process Association of the Philippines, has said that the trade deal would boost investment in the sector due to the stable regulatory environment and adherence to common international standards.

The world’s largest trade deal started to come into force on Jan. 1, having been approved by Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam, Australia, China, Japan, New Zealand, and South Korea.

RCEP was signed by President Rodrigo R. Duterte on Sept. 2, 2021, but the Senate last week adjourned for the election break without giving its concurrence to the trade deal.

Groups such as the Federation of Free Farmers have said that safeguards for the agriculture sector need to be in place before the Philippines enforces the deal.

ADB Chief Economist Albert Park said the delayed implementation is “unfortunate.”

“At the same time, the agreement just went into force on January 1st, and so I think its impacts are going to be quite gradual. They will unfold over time,” he said.

“I don’t think companies in the Philippines or workers should feel discouraged,” he added, as long as the country eventually implements the deal. “I’m sure as the years unfold those opportunities will also be made available.”

The ADB in its Asian Economic Integration Report 2022 launched on Wednesday said digital services trade in the Asia Pacific has grown faster in the last 15 years compared to other parts of the world.

Wealthier economies are more competitive in digital services, in which human capital, digital connectivity, communications technology investment, and the regulatory environment are key, the ADB said.

“The availability of human capital in scale, costs, or specific expertise has been identified as important for digital services competitiveness in many economies in Asia and the Pacific,” the bank said.

“Digital services exports in India and the Philippines have been largely driven by their large, young, English-speaking population, and competitive wages.” — Jenina P. Ibañez

Bill seeking competitive pay for aviation regulators touted as critical for recovery of airline industry

A BILL that proposes to exempt the Civil Aviation Authority of the Philippines (CAAP) from the government salary structure will, if passed, help attract executive talent to the regulator and pave the way for the recovery of the airline industry, a legislator said on Wednesday.

Samar Rep. Edgar Mary S. Sarmiento, author of House Bill (HB) 8700, said a CAAP run along more professional lines is needed to help the airline industry recover from the pandemic.

The bill proposes, among other things, to exempt CAAP from the Salary Standardization Law, the pay scale for civil servants, while also giving the regulator a measure of independence by being run as a government-owned and -controlled corporation.

“The negative impact of the COVID-19 pandemic on the financial viability of the aviation sector is staggering. We need a highly competent CAAP to assist the industry (in its recovery),” he said in a statement.

He said CAAP, as an independent monitoring agency that regulates airlines and has some judicial powers, should be given more financial freedom.

The measure also seeks to extend the term of the Director General to seven years to insulate appointees from partisan politics.

On Monday, the House Ways and Means Committee, chaired by Albay Rep. Jose Maria Clemente S. Salceda, approved the bill despite some opposition from the Department of Finance.

HB 8700 will be subject to second reading when the House of Representatives resumes session on May 23, after a three-month election recess.

“I’m really happy that the fiscal issues related to HB 8700 have been fully threshed out by the Salceda panel. I’m grateful for this positive action of the Ways and Means Committee. Now we can move to put (the bill before) the plenary for House approval,” Mr. Sarmiento said. — Jaspearl Emerald G. Tan

Competition, privacy regulators in enforcement collaboration deal

THE Philippine Competition Commission (PCC) said it entered into a partnership with the National Privacy Commission (NPC) to collaborate in competition cases involving data-privacy issues.

The PCC signed the memorandum of agreement (MoA) with the NPC on Wednesday.

“The MoA facilitates investigation and enforcement support between (the two commissions), including forming joint task forces and notification of matters of common concern. It also enables direct consultation between both regulators in the drafting and implementation of policies relating to one another’s expertise,” PCC said.  

“To further promote coordination and cooperation, the agencies also agreed to conduct capacity-building activities, which may come in the form of training or temporary secondments of staff to one another,” it added.

According to PCC Chairman Arsenio M. Balisacan, a unified approach is needed to promote competition and data privacy in following the surge in digitalization.

“With the rise of the digital economy, data — including personal data — have become an important source of market power. It falls upon regulators to ensure that data-driven markets develop and mature in a manner that does not harm consumer welfare,” Mr. Balisacan said.

The PCC said the accumulation and use of data by dominant market players has been the subject of scrutiny in various jurisdictions.

It added that the emerging risk of abuse in data privacy and competition has increased, requiring collaboration between the two commissions.

“In today’s digital economy, data play a key role in the business model of many firms. The synergy we are forming through this agreement is a springboard for stronger enforcement of our competition and data privacy laws,” Mr. Balisacan said. — Revin Mikhael D. Ochave