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Bridgerton producer Rhimes, 11 others, heralded with Barbie dolls

SHOP.MATTEL.COM

LONDON — US TV producer and writer Shonda Rhimes, British make-up artist Pat McGrath, and French blogger Lena Mahfouf are being honored with Barbie dolls in their likeness as part of a celebration of female business founders.

In its latest Barbie role models line-up, toy maker Mattel is paying tribute to women from around the world, including Sonia Peronaci, founder of Italian cooking website GialloZafferano, and German digital entrepreneur Tijen Onaran.

Rhimes, whose Shondaland Media company is behind hit Netflix series Bridgerton and Inventing Anna, took to Instagram to share a picture of her doll from the collection ahead of International Women’s Day.

“I have my own Barbie! Proud to be among the 12 amazing women, all of which are breaking barriers in their respective careers,” Rhimes, also known for medical drama Grey’s Anatomy and political series Scandal, wrote on Instagram on Thursday.

Other honorees include McGrath, a fixture backstage at fashion week shows and founder of Pat McGrath Labs, as well as 24-year-old Mahfouf, a social media influencer of Algerian heritage.

“It’s a huge honor and it’s something quite unbelievable because when I was younger we used to only have… a few models of Barbie and they all looked kind of the same — blonde, tall with straight hair — and I didn’t feel represented by that,” Mahfouf said. “So now to have my own Barbie with some curly hair and a bit darker skin, I’m happy to see that.”

Mattel said its global Barbie Dream Gap project was teaming up with charitable organization Inspiring Girls International to work with local schools in various countries delivering workshops and advice.

“It is crucial for girls to have role models, because you cannot really dream of becoming something if you haven’t seen it,” Inspiring Girls International founder Miriam Gonzalez Durantez said. “So having that visibility is crucial for girls.”  Reuters

Rediscount window untapped in Feb.

BANKS left the central bank’s rediscount facility untouched in February as loan demand remains relatively slow amid the crisis.

There were no availments for the Peso Rediscount Facility as well as the Exporters’ Dollar and Yen Rediscount Facility in February year to date, the Bangko Sentral ng Pilipinas (BSP) said in a statement on Monday.

Last year, banks only tapped the rediscount window in June, July and September. These peso rediscount loans amounted to P6.12 million.

Rediscount loans in 2021 were significantly smaller than the P26.9 billion in 2020.

Through the BSP’s rediscount facility, banks can access additional money supply by posting their collectibles from clients as collateral.

Lenders may use the cash denominated in peso, dollar or yen denominations to extend credit to corporate or retail clients and service unexpected withdrawals.

Lenders did not touch the rediscount facility in February due to still relatively muted loan demand amid the pandemic, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

Metro Manila and some provinces were under Alert Level 3 in January. In February, these areas were placed under Alert Level 2, which allowed for increased business operations.

Latest BSP data showed outstanding loans by big banks rose by 8.5% in January. Production loans rose by 9.6% year on year, while consumer borrowings increased by a mere 0.1%.

Mr. Ricafort said there is excess liquidity in the financial system, which also reduced banks’ need to borrow from the BSP’s rediscount windows.

Domestic liquidity grew by 9.8% in January, faster than the 7.3% expansion in December.

BSP Governor Benjamin E. Diokno earlier said the BSP has infused about P2.3 trillion in liquidity support to the financial system, which is equivalent to about 12.5% of GDP.

For this month, the central bank’s rediscount rate for peso loans is at 2.5% regardless of maturity.

Meanwhile, applicable rates for dollar and yen-denominated borrowings regardless of maturity are at 2.50429% and 1.98862%, respectively. — Luz Wendy T. Noble

MREIT profit surges to P2 billion

MREIT, Inc. reported a net income of P2 billion for the second semester of 2021, up from P325 million in the first half of the year, it told the stock exchange on Monday.

MREIT, the real estate investment trust (REIT) firm of Megaworld Corp., said its half-year performance is inclusive of a fair value gain on its investment properties worth P702 million.

Meanwhile, revenues for the same period were registered at P1.5 billion from P227.2 million in the first half, as rental income surged due to new leases and properties acquired in December.

The company’s board on March 4 declared dividends amounting to P0.24 per share for the fourth quarter of last year.

“This compares favorably to the dividends declared for the previous quarter of P0.24 per share, which included a bonus dividend equivalent of P0.05 for income generated in June when it started operations,” MREIT said.

For 2021, total dividends paid by the company stood at P0.48 per share. The dividends are payable on March 31 to shareholders on record as of March 18.

Last December, MREIT acquired four income-generating properties of its parent company Megaworld for P9.1 billion. This resulted in a 25% increase in its portfolio’s gross leasable area (GLA) to 280,000 square meters (sq.m.) and a 19% growth in its value to P58.5 billion.

“We aim to build on this momentum as we embark on our expanded acquisition plan this year,” MREIT President and Chief Executive Officer Kevin L. Tan said.

MREIT said it is looking to acquire up to P20-billion worth of office assets in 2022.

“We are looking to reach our target portfolio GLA of 500,000 sq.m. earlier by the end of 2023 and achieve an annual total shareholder return of at least 10% via organic growth and new acquisitions. We also want to look at opportunities to expand our portfolio footprint to Megaworld’s other townships. Our enhanced pipeline will help us deliver on these targets,” Mr. Tan said.

MREIT said it plans to eventually expand its portfolio GLA to 1 million sq.m. before the end of the decade.

At the stock exchange, MREIT shares fell by 34 centavos or 1.73% to P19.30 on Monday. — Luisa Maria Jacinta C. Jocson

PSI hopes national swimmers will recover in time for competitions

PHILIPPINE Swimming, Inc. (PSI) president Lani Velasco has high hopes the national team will continue to improve and recover its form in time for several international competitions including the Hanoi Southeast Asian Games slated for May 12 to 23.

The PSI staged two national team selection competitions, one in at the New Clark City in Capas, Tarlac in October last year and the other at the Teofilo Yldefonso Swimming Pool, formerly Rizal Swimming Center, in Manila last month with hopes of giving local tankers a venue to shrug off some of the pandemic jitters.

“A lot of them struggled for form in light of the Omicron surge early this year,” said Ms. Velasco. “But there are a few up-and-coming swimmers who made mark.

“Slowly but surely, we will get back in form as we host more local competitions and as the health restrictions ease up,” she added.

One of the tankers Ms. Velasco was referring to was Thanya dela Cruz, who set a new national women’s 50-meter breaststroke record.

“And she (dela Cruz) did so by shaving off almost half a second off her previous time,” she said.

Apart from the Hanoi Games, Ms. Velasco said the national team is looking forward to seeing action in the FINA World Championships set on July 14 to 30 in Fukuoka, Japan and the Hangzhou Asian Games scheduled Sept. 10 to 25.

“It will still be a mix of those based abroad and our grassroots swimmers. We cannot say for sure yet what the final lineup will look like but we do intend to send a competitive team as always,” said Ms. Velasco. — Joey Villar

DMCI Homes adds 4th building to Alder Residences

DMCI Project Developers, Inc. last month launched the fourth and last building of its Alder Residences project in Acacia Estates, Taguig City.

Sylvan is the fourth building at Alder Residences, which also includes the Andea, Manzuria, and Oregon buildings. Andea and Manzuria buildings are targeted for occupancy in June and September 2024, respectively, while Oregon is scheduled for March 2025 and Sylvan in December 2025.

Sylvan units feature layouts with two, three and four bedrooms, ranging from 64.5 square meters (sq.m.) to 151.5 sq.m.

Amenities include kiddie pool, leisure pool, lap pool, gardens, basketball court, children’s play area, and coworking space. There is also a roof deck at Alder Residences’ four 18-storey buildings.

DMCI Homes Vice-President for Project Development Dennis Yap said Alder Residences sells an average of 34 units per month even with lingering concerns over the pandemic.

“Our Acacia Estates projects have always been consistent big sellers because of the township’s advantageous location. You get to live in a serene and exclusive neighborhood while enjoying easy access to the airports and the BGC and Makati business districts,” Mr. Yap said.

Alder Residences units start at P7.28 million. DMCI is also offering flexible payment options for buyers.

Entertainment News (03/08/22)

Spotify relaunches K-Pop global playlist

AS K-POP dominates the global music landscape, Spotify is elevating the K-Pop listening experience with a complete relaunch of its flagship playlist (and its accompanying Twitter handle), K-Pop Daebak, now known as K-Pop ON! (). With over 230% growth in listening and with almost 8 billion monthly streams globally, the genre has definitely taken over Spotify — as noted by the over 4.7M searches for “K-Pop” on the platform across the last 90 days. The new name — K-Pop ON! () — is a double-entendre, combining the Korean word “” meaning, “100,” or “whole,” with the English word “on” to display the action of “turning on,” a word that’s accessible to many languages around the world. To celebrate the launch, listeners can look forward to seeing some of their favorite K-Pop artists including NMIXX, BTS, aespa, BLACKPINK, Red Velvet, NCT Dream, SEVENTEEN, ATEEZ and more on billboards around the world including LA, NYC, South Korea, Indonesia, the Philippines, Japan and Toronto, with more content to come across the platform and Spotify’s owned channels.

Pinoy pop convention set for April

Pinoy pop — or P-Pop — groups and fans will come together for 2022 PPOPCON, a two-day event filled with music and fun activities. The Pinoy Pop Convention (PPOPCON) will be held on April 9 and 10 at the New Frontier Theater and Araneta Coliseum in the Araneta City center in Quezon City. The event is expected to be attended by the groups SB19, MNL48, BGYO, BINI, Alamat, 1st.One, Press Hit Play, and 4th Impact. Up and coming acts like VXON, KAIA, DAYDREAM, YARA, VER5US, G22, and more will be gracing the convention stage as well. “P-Pop is quickly gaining international attention and many fans are recognizing the talent and passion of many P-Pop acts. Through PPOPCON, we are celebrating the growing P-Pop community through the first event of its kind right here at the City of Firsts,” said Andhie Salutin, Project head of PPOPCON. The convention will be held at the New Frontier Theater and will be capped off with a concert at the Araneta Coliseum. The hybrid concert will happen on-ground, with fans to be allowed inside the venue, and will be livestreamed online simultaneously. The concert will be held on April 10, 3-7 p.m. The convention will feature fanbase activities, booths, selling of official merchandise, games, and performances by some of the trendiest names in P-Pop today. Concert ticket prices start at P1,000. Both convention and concert tickets can be purchased at www.ticketnet.com.ph. For more information about the event, visit www.ppopcon.ph.

Faith Da Silva releases new single

ACTRESS-singer Faith Da Silva expresses the pain of letting go in her latest single, “Sana Sabihin Mo Na Lang.” “Letting go of someone you love after holding on and fighting for your relationship for so long is never easy. The song is about being in that difficult situation and being able to choose yourself instead of your partner or the relationship to make things better for the both of you,” Ms. Da Silva said in a statement. The new song is her first single as an official recording artist of GMA Playlist. Her previous singles with GMA Network, “Pabalik-balik,” “Stay,” and “Wag Na Lang,” were used as the theme songs of GMA dramas The Good Daughter, I Can See You Season 2, and Las Hermanas, respectively.  Sana Sabihin Mo Na Lang” is available to stream on Spotify, iTunes, YouTube Music, and other digital platforms worldwide.

Taste Buddies moves to a new time slot

NEW EPISODES and a special lineup of celebrity guests are lined up in GMA Network’s lifestyle show Taste Buddies as it moves to a new time slot on Sundays at 5:30 p.m. before 24 Oras Weekend on GMA-7. On the show, hosts Solenn Heussaff and Gil Cuerva explore more great food, trendy restaurants, and unique places for the whole family to enjoy.

Camila Cabello, Ed Sheeran release collab single

THREE-TIME Grammy Award-nominated singer-songwriter Camila Cabello has released her new single and music video, “Bam Bam,” featuring Ed Sheeran, via Epic Records. “Bam Bam” was produced by Ricky Reed, Edgar Barerra and Cheche Alara, and was written by Ms. Cabello, Mr. Sheeran, and Ricky Reed. The song marks the singer’s first release this year. The video was directed by Mia Barnes, in collaboration with Dave Meyers, who also directed Ms. Cabello’s “Havana,” “Senorita,” “My Oh My” and “Liar” videos. Watch the video at https://www.youtube.com/watch?v=-8VfKZCOo_I.  Pre-order/Pre-save “Bam Bam” at Camila Cabello, Ed Sheeran – Bam Bam (feat. Ed Sheeran) (lnk.to)

Benjamin Khen releases new single

POP R&B artist Benjamin Kheng returns on the scene with a new song, “Good for a Time,” an acoustic pop-R&B song that features Filipino artist Bea Lorenzo on vocals. Mr. Kheng teamed up with fellow Singaporean singer-songwriter, Linying, best known for penning and performing the theme song for Singapore’s 2021 National Day Parade, “The Road Ahead.” “‘Good for a Time’ is more than just a breakup song, it’s about a couple presently breaking up and going through the painful process of unteethering while looking back fondly and appreciating the love that was.” Mr. Kheng said of the song. The single is available to stream on all digital platforms.

Ashe releases first new song since debut album

California-based singer-songwriter Ashe has released “Another Man’s Jeans” (out on Mom+Pop Music), with an accompanying music video. “Another Man’s Jeans” cuts right to the chase in conversation with an ex. “‘Another Man’s Jeans’ is about unashamed and uninhibited confidence, loosening up and having a good time. It sounds like what carefree feels like. It’s sexy! And loud! And fun! It’s a reminder to not take life too seriously,” said Ashe in a statement. The song follows the release of Ashe’s debut album Ashlyn. The record featured “Till Forever Falls Apart” with FINNEAS, which was named one of the best songs of 2021 by the Los Angeles Times and just surpassed 100 million streams on Spotify.

Rising rapper Hero releases new song

SINCE becoming a part of the Universal Records artist roster, Hero has slowly but surely risen to be a respected MC in the local hip-hop scene. He has released a new track called “Primera” under Universal Records, another product of his teamwork with producer Russel “Goodson” Tiquia. The two-minute song is packed with bars that show off his talent as a wordsmith. The official music video of“Primera” was artistically filmed at a prominent boxing training gym. Directed by Aaron Maagma. The song is currently available on streaming platforms including Spotify.

ANIMA brings Filipino film talent to global stage

SEVERAL notable Filipino films supported by ANIMA — formerly known as Globe Studios — made the country proud as they reaped awards and recognition in the past year, uplifting Philippine cinema amid the dragging impact of the pandemic. “Globe continues its commitment to strongly support Filipino talent. ANIMA has been a strong ally of Filipino film creators, producing films that have been acclaimed both locally and on the global stage,” said Ernest Cu, Globe President and CEO, during the WAGI! Celebration of Filipino Excellence event at the Cultural Center of the Philippines on Feb. 18. ANIMA is now under the umbrella of Kroma Entertainment, Inc., a new entertainment company backed by the Globe Group of Companies. WAGI! featured director Erik Matti’s award-winning On The Job (OTJ): The Missing 8, the lone Filipino entry to the 78th Venice International Film Festival in 2021. Its lead actor John Arcilla won the coveted Volpi Cup for Best Actor at the festival. Another award-winning film backed by ANIMA is Leonor Will Never Die, the first Filipino feature film to premiere in the distinguished Sundance Film Festival in over 15 years. The film, the directorial debut of Martika Ramirez Escobar, received the World Cinema Dramatic Special Jury Award for Innovative Spirit at the prestigious US independent film event. ANIMA’s other works include Goyo: Ang Batang Heneral and Fan Girl, which were streamed over Netflix, and the web series Gaya sa Pelikula. To learn more about ANIMA, visit https://www.anima.ph.

BLFI net income climbs

BDO Leasing and Finance, Inc. (BLFI) recorded a higher net income in 2021, driven by gains from its investments.

The holding company’s net profit reached P43.6 million in 2021, more than seven times as much as the P5.8 million it booked in 2020, it said in a statement on Monday.

The company said their higher net profit was driven mainly by “fair value gain from investments in Unit Investment Trust Funds”.

BLFI was restructured in 2020 from being a leasing business of BDO Unibank Group.

BLFI ceased to operate as a leasing company and completed the assignment and transfer of its leasing and financing business to an affiliate, BDO Finance Corp. in October 2020.

In separate filings, BDO and BLFI said the parent bank is looking into keeping BDOLF.

“BDO is now contemplating keeping BDOLF, repurposed as a holding company, for its own investment purpose or, depending on the terms of outstanding offers, pursue the sale of its shares with other prospective buyers,” the filings said.

Based on the filing, the disclosed sales agreement for the shares of BLFI lapsed on Jan. 24. This was amid a failure to comply with the closing conditions on account of a non-resolution by the Securities and Exchange Commission (SEC) to reconsider BLFI’s request for reconsideration of SEC’s suspension order. — L.W.T. Noble

How PSEi member stocks performed — March 7, 2022

Here’s a quick glance at how PSEi stocks fared on Monday, March 7, 2022.


How minimum wages compare across regions in February

How minimum wages compare across regions in February

Peso sinks to P52:$1 level as oil prices surge

BW FILE PHOTO

THE PESO retreated versus the greenback and closed at its weakest level in more than two years amid market concerns on the impact of a possible import ban on Russian oil by Western allies.

The local unit closed at P52.18 per dollar on Monday, shedding 44 centavos from its P51.74 finish on Friday, based on Bankers Association of the Philippines data.

This is the peso’s weakest close in more than two years or since it finished trading at P52.211 on Sept. 25, 2019, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

The peso opened weaker at P51.90 per dollar on Monday. Its worst showing was at P52.19, while its intraday best was at P51.85 against the greenback.

Dollars exchanged increased to $1.58 billion on Monday from $793.22 million on Friday.

“The peso closed significantly weaker as international crude prices breached the $130 level after the US hinted about a potential embargo of Russian oil exports,” a trader said in an e-mail.

Reuters reported that US and its European allies were looking into banning imports of Russian oil. US Secretary of State Antony Blinken on Sunday said the White House and the Congress are coordinating on the said ban.

Following the news, oil prices edged higher, with Brent hitting $139.13 in the first few minutes of trade on Sunday, while West Texas Intermediate was at $130.50 per barrel, their highest since July 2008.

Aside from oil prices, the peso weakened due to the local stock benchmark’s decline, Mr. Ricafort said.

The benchmark Philippine Stock Exchange index dropped by 53.94 points or 0.73% to end at 7,288.07 on Monday. Meanwhile, the wider all shares index declined by 28.54 points or 0.73% to 3,866.98.

For Tuesday, Mr. Ricafort expects the local unit to move within P52 to P52.30 per dollar, while the trader gave a forecast range of P52 to P52.40. — LWTN with Reuters

PHL shares decline as Russian attacks continue

SHARES slid on Monday as market sentiment remained negative amid the ongoing war between Russia and Ukraine.

The benchmark Philippine Stock Exchange index (PSEi) went down by 53.94 points or 0.73% to close at 7,288.07 on Monday, while the broader all shares fell by 28.54 points or 0.73% to 3,866.98.

“Philippine shares dropped as the Russia-Ukraine conflict sparked nuclear fears,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.

“The market continued to react to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and the possibility of a ban on Russian oil and natural gas,” Mr. Limlingan said.

Russian forces that seized Ukraine’s Zaporizhzhia nuclear power plant have now placed staff running the facility under their command and restricted communications with the outside world, the United Nations nuclear watchdog said on Sunday, Reuters reported.

The International Atomic Energy Agency said it was “extremely concerned” about developments at Zaporizhzhia, Europe’s largest nuclear power plant, citing information from Ukraine’s nuclear regulator.

Ukrainian authorities said Russian forces had seized control of Zaporizhzhia on Friday after setting an adjacent training facility on fire. Russia’s defense ministry blamed the attack on Ukrainian saboteurs, calling it a “monstrous provocation.”

On Monday, Brent crude soared near $130 a barrel, its highest since 2008, prompting the United States and Europe to consider a Russian oil import ban amid supply fears.

“Market sharply contracted but recovered. It’s apparently a knee-jerk reaction to the stepped-up oil embargo talks and inflation fallout on oil importing countries like the Philippines,” First Metro Investment Corp. Head of Research Cristina S. Ulang said in a Viber message.

Regina Capital’s Mr. Limlingan said investors are waiting for the release of economic data here and abroad, such as the January Philippine trade balance report and US inflation and jobs data.

Majority of sectoral indices ended in the red on Monday except for mining and oil, which surged by 872.15 points or 6.54% to 14,199.22.

Meanwhile, industrials declined by 245.60 points or 2.43% to 9,830.84; financials went down by 18.26 points or 1.08% to 1,670.45; holding firms fell by 51.11 points or 0.72% to 7,009.21; services decreased by 3.61 points or 0.18% to 1,955.12; and property lost 4.93 points or 0.14% to 3,493.61.

Value turnover increased to P8.73 billion with 2.35 billion shares changing hands from the P5.22 billion or 1.33 billion issues seen on Friday.

Decliners outnumbered advancers, 147 versus 66, while 34 names closed unchanged.

Net foreign selling climbed to P259.27 million on Monday from P164.23 million on Friday. — LMJCJ with Reuters

Government to force Filipinos to flee Ukraine

RUSSIAN bombardment on the outskirts of Kharkiv. — MINISTRY OF INTERNAL AFFAIRS OF UKRAINE

THE PHILIPPINES will force Filipinos in Ukraine to evacuate, as the Department of Foreign Affairs (DFA) raised the alert there to Level 4, with Russia continuing its military strikes on its neighbor.

The mandatory evacuation would be enforced at the government’s expense, DFA said in a statement on Monday.

The Philippine Embassy in Poland and a rapid response team will help Filipinos leave Ukraine, a European democracy of 44 million people that Russia invaded on Feb. 24.

Russia launched the devastating attack by air, land and sea after President Vladimir Putin denied for months he would invade his neighbor. He then tore up a peace deal and sent forces across borders in Ukraine’s north, east and south.

“DFA continues to closely monitor the political and security developments in Ukraine,” the Philippine Embassy in Poland said in a statement.

Meanwhile, 17 more Filipinos came home from Ukraine at the weekend, DFA said.

The first group consisted of four Filipino adults and three Filipino-Ukrainian children with their three Ukrainian mothers, while the second group was made up of two Filipino adults and a Filipino-Ukrainian child with his Ukrainian mother. They all arrived via Qatar Airlines from Warsaw.

The third group of three Filipinos came from Kyiv and arrived in Manila on their own through Emirates Airlines, DFA said in a separate statement.

The Philippine Honorary Consulate General in Kyiv helped the Filipino evacuees travel from Kyiv to Lviv, while the Philippine Embassy in Warsaw provided for their transportation and other means in Warsaw. The embassy also arranged their travel documents and visas, coronavirus tests and flights to Manila, the agency said.

Meanwhile, 21 Filipino crew members of the M/V S-Breeze were expected to arrive in Manila on Tuesday with the help of the Philippine Embassy in Budapest and Philippine Honorary Consulate in Moldova, DFA said.

The United Nations (UN) High Commissioner for Refugees on Sunday said more than 1.53 million have left Ukraine after the Russian invasion. The UN expects at least four million people to flee the country after Russia’s attack.

Ukrainian and Russian representatives held talks last week for a possible cease-fire and the withdrawal of Russian forces.

Ukrainian President Volodymyr Zelensky earlier said Russia’s continued attacks were meant to extract concessions from his country, but it would not work.

Last month, he pleaded that his country be admitted to the North Atlantic Treaty Organization (NATO) so that the 30-member intergovernmental alliance, which consists of 28 European and two North American countries, could provide military assistance.

NATO last week said it would provide Ukraine with air defense missiles and anti-tank weapons after NATO Chief Jens Stoltenberg held another call with Mr. Zelensky. The alliance and the United States earlier said they would not send forces to fight alongside Ukraine.

The Philippines has voted yes to a United Nations (UN) General Assembly resolution condemning the Russian invasion of Ukraine. It sought an end to the fighting and appealed for the protection of civilians and civilian infrastructure.

“We strongly urge the cessation of hostilities; but while an offense can be stopped at will, the defense cannot rest until the offense stops,” the Philippines said earlier.

It has echoed the call by the UN secretary-general to respect humanitarian principles. “Safe access to humanitarian assistance must be assured by the most effective means.”

All states enjoy the right to full sovereignty in all their areas of jurisdiction, the Philippines said, citing the UN Charter.

“We especially condemn the use of separatism and secession as a weapon of diplomacy for inviting and inflicting terrible cruelties and indiscriminate killings far in excess of that of any other kind of conflict,” the Philippines said, alluding to Russia’s deployment of troops in two breakaway regions in Ukraine. — Alyssa Nicole O. Tan and Norman P. Aquino