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Stuff to do (12/03/21)

FDCP screens silent films

AFTER a series of intensive film labs, the Film Development Council of the Philippines (FDCP) presents the results of the first Mit Out Sound: International Silent Film Labs and Competition, where young filmmakers created new silent short films inspired by old Filipino classics. These silent films are on view until Dec. 3 at the FDCP Channel website (www.fdcpchannel.ph). Log in (if an existing subscriber) or create an account for free (if not a subscriber yet). Click the ISFFM 2021 tab and look for MIT OUT SOUND (MOS) SHORT FILMS.

Latest chapter of Money Heist premieres

LA CASA de Papel (Money Heist) is one of the most popular non-English series on Netflix. Part 5 Vol. 2 of the series premieres on Dec. 3. At the end of the last five episodes, Tokyo is dead and the enemy still lurks in the Bank of Spain, wounded but as dangerous as ever. To make matters worse, the Professor makes the biggest mistake of his life.

Trunc Mystery Boxes auction

TO CELEBRATE the season of giving, multi-brand online boutique Trunc is auctioning Mystery Boxes filled with luxury and premium items until Dec. 8. All proceeds will go to #MentalHealthPH, a non-profit organization that promotes and protects mental health in the Philippines. The auction is open to all residents of the Philippines. To join the auction, create an account at Trunc.ph, go to Offers page, and click the Mystery Box banner. Or visit truncmysterybox.ph. Once on the page, details about the campaign and bidding mechanics will be seen. Under it is the auction section where one can choose from a selection of Mystery Boxes whose retail values range from P9,890 to P98,000. Upon choosing a box, an electronic bidding form will appear, which should be filled out to place the bid. The minimum bid values range from P5,000 up to P48,000, depending on the preferred Mystery Box. Once the form is filled out, the customer will receive an e-mail to confirm the bid. For real time updates, refresh the page and click on the View Current Bids. The highest bidders will win their chosen boxes and will be notified through e-mail and the mobile number registered in their bidding form. They may choose to settle the amount for their boxes via bank transfer or PayPal. Once settled, Trunc will deliver the Mystery Boxes to the winners’ registered addresses. Join Trunc’s auction and support #MentalHealthPH. Visit Trunc.ph for more information.

Netflix offers Noche Buena boxes

NETFLIX is offering a limited collection of Christmas baskets that each follows a film or TV series theme. The basket selections are: The Gganbu (Squid Game), The I Louvre (Emily in Paris), The Bentesingko (Trese), The Merry Christmas as a Friend (My Amanda), The Billi Ciao (Money Heist), and The Most Wanted (Red Notice). To order the Netflix Noche Buena baskets, visit https://netflixnochebuena.com until Dec. 6. A limit of 150 orders will be accepted per day, but only one basket will be allowed per mobile number and address. Deliveries will begin on Dec. 13.

Halal industry seen as driver of recovery

THE halal industry is viewed as holding the potential to serve as a driver of the economic recovery after the pandemic, according to the Department of Trade and Industry (DTI).

Trade Secretary Ramon M. Lopez said during the first day of the 4th Philippine National Halal Conference Thursday that opportunities for the industry should be maximized in light of the global growth in the market for goods that are compliant with Muslim dietary practices.

“As we traverse the challenging times brought about by the pandemic, the need to maximize the industry’s potential and take advantage of the opportunities being presented to us remain our utmost priority,” Mr. Lopez said.

“The global halal economy is poised to move towards growth and advancement with many notable developments in the Islamic economy — led by an acceleration in digital transformation, disruption in global supply chains, and increased government focus on food security-related investments,” he added.

Mr. Lopez said the global market for such products is underpinned by an increasing Muslim population and greater adherence to Islamic ethical values, which is carrying over into consumption.

“Islamic finance and halal food lead the promising growth of the global Islamic economy,” Mr. Lopez said.

Mr. Lopez said that the DTI continues to extend its support to halal micro, small, and medium enterprises (MSMEs) to guide their production and promotion of compliant commodities.

“With our halal MSMEs continuously working towards improving their trade, coupled with technology and a new mindset, we can create a halal industry that is pandemic-proof and pave the way for our participation in the glob-al halal ecosystem,” Mr. Lopez said.

Mr. Lopez said the DTI’s current halal certifying bodies are expanding the pool of exportable products.

“We need to be keen on the innovations and market requirements to allow the facilitation of inclusive, competitive and export-ready products to be certified as halal,” Mr. Lopez said.

“In the future we look forward to crafting a Philippine Halal Development plan which is guided by an overarching goal of creating a halal ecosystem that is organized, structured, and recognized in the global halal economy,” he added. — Revin Mikhael D. Ochave

UnionBank in talks to buy Citi’s local retail unit

UNIONBANK of the Philippines, Inc. on Thursday confirmed that it is in talks with Citigroup, Inc. to potentially acquire the latter’s local retail unit following the banking giant’s decision to exit some markets in Asia Pacific.

“The discussions between [Union]bank and Citi are at preliminary stage, and any transaction in relation to the foregoing would be subject to, among other things, the completion of satisfactory due diligence, the negotiation and execution of definitive transaction documents, satisfaction of the conditions contained therein, and the approval by the regulators of the transaction,” UnionBank Senior Vice President, General Counsel and Corporate Secretary Joselito V. Banaag said in a filing.

Mr. Banaag added there is still no assurance the transaction would push through.

Bloomberg on Wednesday reported that UnionBank is the “preferred bidder” of the American banking giant, citing an anonymous source. The report said UnionBank is expected to negotiate a prospective $1-billion deal in the coming weeks.

Citi Asia head for media relations James A. Griffiths said in November that their retail business in the country has a “very broad range of buyers”. He said they plan to announce a deal by the second quarter or second half of 2022.

Citi is set to exit its consumer business in 13 Asia-Pacific markets including the Philippines. Meanwhile, it will continue to operate its corporate arm in the country.

Top officials from lenders including BDO Unibank, Inc., Bank of the Philippine Islands and East West Banking Corp. have previously said they are interested in acquiring Citi’s local retail banking business.

Based on central bank data, Citibank, N.A. has total assets worth P352.975 billion as of end-June, making it the country’s 12th biggest lender.

Meanwhile, UnionBank is ranked 10th with assets worth P646.071 billion as of end-June.

The Aboitiz-led lender’s net income improved by 26% year on year to P10.71 billion at end-September from P8.482 billion in the same period last year.

Its shares closed at P111 apiece on Thursday, up P6.70 or 6.42% from its previous finish. — L.W.T. Noble

Medilines to sustain growth via consumables business

MEDILINES Distributors, Inc. said it aims to grow its dialysis business by entering the consumables segment.

The company said in an e-mailed statement on Thursday that it targets “to realize more value from its dominance of the sale of equipment.”

“To sustain our growth in the dialysis category, we are transforming this business line into a one-stop shop where our customers can buy not only the equipment, but also their regular supply of consumables,” Medilines Chair-man Virgilio B. Villar said.

“This will help grow our bottom line as consumables tend to have higher profit margins versus equipment,” he said.

Medilines said its net income posted a 16% compound annual growth rate (CAGR) to P103 million from 2018 to 2020, while its topline CAGR rose 11.9% to “just under” P1.5 billion.

In the first six months, Medilines scored a profit of P100 million, while its revenues stood at P815 million. The company said medical linear accelerators (LINACs) made up for over 60% of its sales in the first half.

Medilines is said to be the largest distributor of cancer therapy equipment in the country, with a market share of over 90% according to the independent study done by Ken Research, Ltd. Its market share of dialysis machines stood at 50%.

The study also said the cancer therapy equipment market stands to grow with an 18.8% CAGR until 2025. It will be driven by the continued investments into establishing cancer treatment centers.

Medilines is scheduled to list on the main board of the Philippine Stock Exchange on Dec. 7 under the ticker symbol “MEDIC.”

“Amid the volatility, it is a welcome development for the Philippine stock market to finally have a pure-play healthcare listed company as the companies in this sector are typically considered as defensive stocks,” said Ger-ry B. Valenciano, president and chief executive officer of PNB Capital and Investment Corp.

PNB Capital is the sole issue manager, lead underwriter, and sole bookrunner for Medilines’ initial public offering.

The company offered 550 million primary shares for P2.30 apiece, while 275 million shares were sold by Mr. Villar. Medilines will not receive proceeds from the sale of secondary shares.

According to its final prospectus dated Nov. 16, Medilines plans to use P696.8 million of net proceeds for debt repayment, while P507.7 million will be allocated as working capital to procure existing products and to fund the compa-ny’s foray into the medical consumables business.

“Crafting our product portfolio is at the heart of Medilines’ strategy that has brought us sustainable growth over the years,” Mr. Villar said.

“We focus on products with resilient demand while building our capabilities to dominate certain markets rather than chasing a hot selling item that everybody else is selling,” he added. — Keren Concepcion G. Valmonte

Alec Baldwin on fatal movie set shooting; ‘I didn’t pull the trigger’

ALEC BALDWIN/IMDB.COM

LOS ANGELES —  Alec Baldwin said he did not pull the trigger of the gun that killed a cinematographer on the movie set of Rust, while investigators in New Mexico zeroed in on how live ammunition may have found its way to the set.

Mr. Baldwin, who was holding a gun he was told was safe when it went off, spoke in his first full interview about the Oct. 21 shooting.

“Well, the trigger wasn’t pulled. I didn’t pull the trigger,” the actor told ABC television journalist George Stephanopoulos, according to an excerpt released on Wednesday of the interview, which is to be broadcast on Thursday.

“I would never point a gun at anyone and pull a trigger at them. Never,” Mr. Baldwin added.

Cinematographer Halyna Hutchins was killed and director Joel Souza was wounded in what Baldwin has previously called a tragic accident on the set of the Western movie he was making near Santa Fe.

The Santa Fe Sheriff’s Department said on Wednesday it had no comment on Mr. Baldwin’s statement. It was not known whether authorities are pursuing an accidental discharge scenario.

No criminal charges have been filed. Investigators have been focusing their efforts on how live bullets, rather than dummies, got onto the set.

Court documents released on Wednesday showed they found Rust documents and suspected live ammunition for a revolver like the one Baldwin was using during a search this week at the premises of an Albuquerque supplier of props and weapons for movie sets.

The supplier, named as Seth Kenny, earlier told police he believed the live bullets found on the set may have been “reloaded ammunition” that he previously had acquired from a friend, according to the documents. Reloaded ammunition is made up of recycled components, including bullets.

Mr. Kenny could not be reached for comment on Wednesday.

Mr. Baldwin, best known for playing an egotistical TV network executive on the TV comedy series 30 Rock, has kept a low profile since the accident at the Bonanza Creek Ranch near Santa Fe.

Mr. Baldwin, who was the star and also a producer on the low-budget Western, “went through in detail what happened on the set that day,” Mr. Stephanopoulos said on Wednesday on ABC’s Good Morning America show ahead of the interview broadcast.

Two crew members have filed civil lawsuits accusing Mr. Baldwin, the producers and others on the production of negligence and lax safety protocols. The producers have said they are conducting their own internal investigation. — Reuters

PLDT Global, Kwik.Insure team up for OFW insurance

PLDT Global, Kwik.Insure team up for OFW insurance

PLDT Global Corp. on Thursday said it has partnered with online marketplace Kwik.insure to provide overseas Filipinos with access to insurance products.

Under the partnership, PLDT Global, through its mobile application Free Bee, is offering free two-minute calls to individuals who are customers of PLDT, Smart, and TNT in the Philippines.

“There is a need to bridge the gap and insure Filipinos, especially OFWs (overseas Filipino workers) and their families,” PLDT Global President and Chief Executive Officer Albert V. Villa-Real said in an e-mailed statement.

“Aside from giving them peace of mind, this can also be a way to educate them about investing on their health and the future,” he added.

According to the Insurance Commission’s latest data, insurance penetration, or the insurance industry’s contribution to the Philippine economy, was 2.3% in the first quarter of the year.

“This partnership with PLDT Global allows us to reach more Filipinos and provide them with convenient access to discover a wide variety of insurance products that are suited to their needs,” said Hamilton Angluben, founder and chief executive officer at Kwik.insure.

PLDT Global said Filipinos abroad can also subscribe to premium calls, which allow them to make affordable calls to individuals in the Philippines even if they are offline or do not use a smartphone.

“The upgraded Free Bee app also allows Filipinos in Canada, South Korea, United States, India, Singapore, Australia, and Japan to use a Virtual Philippine Number — a local Smart number that is assigned or paired to their Free Bee account — so that their families in the Philippines can freely call or text them and be charged only with local rates,” the company noted.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arjay L. Balinbin

DoE says more study needed before clearing palm oil for biofuel

THE Department of Energy (DoE) said Thursday that more study is needed before it can greenlight the addition of palm oil to the biofuel mix, as proposed by the Federation of Philippine Industries (FPI).

“(We) emphasize that a thorough technical study should first be conducted, particularly on the development of standard specifications for biodiesel from palm oil,” the DoE said in a statement.

The DoE said the FPI proposed using palm oil as feedstock to help bring biodiesel prices lower, and asked that Philippine National Standards (PNS) be prepared to accommodate palm oil into the biodiesel mix.

The DoE clarified that it has yet to approve such a proposal by the FPI, which had announced that the DoE has “agreed” to its proposals.

The DoE said one sticking point is that under Republic Act 9367 or the Biofuels Act of 2006, “only locally-sourced biofuel components shall be used in the biodiesel-blend mandate.”

FPI Chairman Jesus L. Arranza during the association’s virtual meeting with the DoE that he will ask Indonesia and Malaysia to allow the Philippines to use their standards as the basis for a biofuel PNS.

The DoE said it will bring the FPI proposal to the National Biofuel Board-Biodiesel Committee (NBB-BDC), for a comprehensive evaluation and recommendation, as per its commitment to the FPI.

The NBB-BDC is composed of the DoE, Philippine Coconut Authority, Department of Science and Technology, Department of Labor and Employment, and the Department of Trade and Industry. — Marielle C. Lucenio

Floor price for seized-vehicle auction set at P29 million

PHILSTAR FILE PHOTO

SMUGGLED luxury vehicles seized by the Bureau of Customs (BoC) will be disposed of in an auction, with the floor price set at P29 million.

The auction was announced in a notice of public auction by the BoC, as directed by Finance Secretary Carlos G. Dominguez III.

The bureau will auction on Dec. 13 five used vehicles it seized in May and June — a 2008 Ferrari Scuderia 430, a 2001 Porsche Boxster, a 2001 Mercedes Benz SLK350, a 2001 Mercedes Benz SLK55, and a 2011 Mercedes Benz E220.

The seized cars are covered by orders of forfeiture issued by the BoC.

“To ensure transparency of the process and to promote competition through broad dissemination of auction information, an Inter-Agency Auction committee composed of representatives from the BoC, the Bureau of the Treasury (BTr), and the Land Bank of the Philippines was formed,” the BTr said in a statement Thursday.

The auction will be livestreamed through the government agencies’ Facebook pages.

“This administration is very serious in addressing collusion in the disposal of smuggled goods. Through the added network of the BTr and Landbank, the notice of auction and other key information on the vehicles will be made available to the wider public, thus enhancing the competitive nature of the process,” the BTr said.

The BoC usually destroys smuggled cars, including 21 vehicles worth P58.55 million in June.

Individuals, sole proprietorships, partnerships and corporations may participate in the public auction on Dec. 13. Bidders may register with BoC between Dec. 2 and Dec. 9. — Jenina P. Ibañez

Legislators push for P10,000 gift to gov’t contractual workers

BW FILE PHOTO

HOUSE LEGISLATORS from the Makabayan bloc urged President Rodrigo R. Duterte to approve a P10,000 gratuity for government contractual workers for the holidays.

The bloc filed House Resolution 2391 for the benefit of job order (JO) and contract of service (COS) government workers, saying these categories of employees need help with basic expenses.

“While regularizing JO and COS workers would be the best Christmas gift, granting gratuity pay during this time of pandemic and high inflation rate is the very least the government can provide to show their appreciation,” they said in the resolution.

Inflation was 4.6% in October, bringing the 10-month average to 4.5%. The rate exceeds the 2-4% target band of the Bangko Sentral ng Pilipinas for the year.

The Makabayan bloc cited the August 2021 Inventory of Government Human Resources, which tallied 582,378 JO and COS workers, comprising 25% of total government personnel.

Contractual government workers do not enjoy benefits given to regular employees such as bonuses during the middle and end of the year.

“In the face of lack of regular personnel, (contractual workers) are important in the provision of government services,” the Makabayan bloc said. — Russell Louis C. Ku

Entertainment News (12/03/21)

facebook.com/ateacherpartylist/

Misalucha, Seguerra headline e-concert

LANI Misalucha and Ice Seguerra will headline Handog at Pasasalamat: Benefit e-concert, presented by A Teacher Party-list, slated on Dec. 11, 6 p.m. It will be streaming on the group’s Facebook page, the YouTube channel Sessionslive, and Kumu for free. Joining Ms. Misalucha and Ms. Seguerra are a cappella group Pinopela, Tawag ng Tanghalang Season 2 grand finalist Sofronio Vazquez III, alternative band Love Commercial, and the youth chorale group Saint Vincent Ferrer Parish Church Angelico Voce Chorale with Mary Elaine as conductor.

8 BALLIN’ releases new single

THE FILIPINO rap group 8 BALLIN’ explores new grounds with the release of its debut single, “Di Na” under Def Jam Philippines. The crossover anthem allows the group to set an acoustic-tinged blueprint for local hip-hop and infuse it with a contemporary-sounding approach to production. The track tackles love in its many forms, rejecting stereotypical presentations. The music video for “Di Na,” which is helmed by budding filmmaker TMP, will be out on Dec. 3. “Di Na” is available on all streaming platforms worldwide.

Ballistik Boyz release new single, album

COMPRISED of seven members from Japan — Ryuta Hidaka, Yoshiyuki Kano, Ryusei Kainuma, Miku Fukahori, Rikiya Okuda, Riki Matsui and Masahiro Sunada — the Ballistik Boyz have come out with a new album, Pass The Mic, and lead single, “All Around the World.” The song talks about how the group’s members believe in themselves and their capabilities as they aim to make their dream of making it big in the world. The music video for “All Around the World” can be seen at https://www.youtube.com/watch?v=CiJpKiE0x_A. The group’s previous releases can be seen and heard at https://www.youtube.com/watch?v=CiJpKiE0x_A.

No Time to Die in cinemas on Dec. 15

IN NO Time to Die — Daniel Craig’s final outing as James Bond — Bond is enjoying a tranquil life in Jamaica. His peace is short-lived when an old friend from the CIA turns up asking for help. The mission to rescue a kidnapped scientist turns out to be far more treacherous than expected, leading Bond onto the trail of a mysterious villain armed with dangerous new technology. The film, directed by Cary Fukunaga, is a reunion of different cast members from previous Bond films.  Previews begin on Dec. 13 at 6 p.m. and on Dec. 14 (whole day) before opening nationwide on Dec. 15. Check local listings for schedules.

Nintendo Switch releases Original TikTok effect

THE POKÉMON Company, as part of the release of the Nintendo Switch titles, Pokémon Brilliant Diamond and Pokémon Shining Pearl, recently released a special Original Effect available for use on the short-video platform TikTok for a limited time. Now, trainers can play with their favorite Pokémon by making faces with them. Trainers can also easily create and record their own posts by accessing the Effect Page with this link https://vt.tiktok.com/ZSeSxHULv/. “Make Faces with Pokémon” on Tik Tok is available until Feb. 2, 2022.

Catriona Gray facilitates course in Nas Academy

MISS Universe 2018 Catriona Gray met her students during the “Meet-the-Creator” segment of her “How to Be a Queen” online course at Nas Academy. The global edtech platform opened the Catriona Gray Academy in November, with almost 1,000 registered students aspiring to follow in the footsteps of a beauty queen. Ms. Gray’s course centers on personality development and confidence-building, where students are coached on making a powerful first impression and becoming the best version of themselves. Nas Academy is building a community of Filipino educators and learners by offering courses on personal development, small business empowerment, and content creation on its platform. The Catriona Gray Academy, alongside the Carlo Ople Academy and the Anthony Francisco Academy, are among the first batch of Filipino creator academies that are open for enrollment. In September, Nas Academy also launched its Community Classes, with 7,000 students in its first month. The classes were offered, and will continue to be offered, free of charge.

Sex and the City sequel kicks off Dec. 9

THE 10-EPISODE sequel to the HBO series Sex and the City, And Just Like That…, will debut at the same time as the US with two episodes on Dec. 9 on HBO GO. The following eight episodes will premiere weekly on subsequent Thursdays. And Just Like That…, from executive producer Michael Patrick King, follows Carrie (Sarah Jessica Parker), Miranda (Cynthia Nixon) and Charlotte (Kristin Davis) as they navigate the journey from their 30s to the even more complicated reality of life and friendship in their 50s. Also in the cast are Sara Ramírez, Sarita Choudhury, Nicole Ari Parker, Karen Pittman, Chris Noth, Mario Cantone, David Eigenberg, Willie Garson, and Evan Handler. Stream or download And Just Like That… from Dec. 9 or catch up on all six seasons of Sex and the City as well as the two Sex and the City movies, all of which are now available, on HBO GO.

Tony Bennett, Lady Gaga concert airing on MTV

MTV announced the world premiere of MTV Unplugged: Tony Bennett & Lady Gaga exclusively on MTV in the US and globally. Fans in Southeast Asia can catch the same-day premiere on Dec. 17, 6 p.m. PHL, 7 p.m. WIB, 8 p.m. SG, and 9 p.m. MY. The episode, filmed earlier this year in front of an intimate audience in New York City, features the duo coming together to perform a combination of stripped-back duets and solo songs from the album Love for Sale. The critically acclaimed collaborative album celebrates the Cole Porter Song Book and is the culmination of the two singers’ decade-long recording history and friendship. MTV Unplugged: Tony Bennett & Lady Gaga will premiere during “Love Music With MTV,” a month-long global celebration of the brand’s best music series and moments from the VMAs to Unplugged.

EEI gets PSE nod for P6-B follow-on offer

BW FILE PHOTO

THE Philippine Stock Exchange (PSE) has approved EEI Corp.’s application for its P6-billion follow-on offering.

“The exchange approved the application of EEI Corp. for the listing of up to 60,000,000 preferred shares, subject of the follow-on public offering of the company, at an offer price of P100.00 per offer share,” the PSE said in a list-ing notice on Thursday.

EEI’s offering comprises 40 million preferred shares, with an oversubscription option of up to 20 million preferred shares. The company plans to issue the shares as Series A preferred shares and/or Series B preferred shares.

Net proceeds from the offer will be used to partially fund EEI’s future projects, to pay for its existing short-term loans, as budget for new equipment, and for general and working capital requirements.

EEI aims to conduct its offer period from Dec. 9 to 15, while the listing of preferred shares is slated for Dec. 23. Shares will be listed under ticker symbols “EEIPA” and “EEIPB.”

“The exchange’s approval of the listing of the EEIPA and EEIPB shares is subject to the Company’s compliance with all of the conditions and post-approval requirements of the exchange,” the PSE said.

The company tapped RCBC Capital Corp. as the sole issue manager of the offer and it will be joined by SB Capital Corp. as joint lead underwriters and bookrunners.

Listed EEI shares on Thursday closed unchanged at P6.40 apiece. — Keren Concepcion G. Valmonte

Fintech firm PayKey working with PHL banks on wage access technology

freepik.com

ISRAEL-BASED financial technology company PayKey plans to work with local banks to offer technology that would allow employees to access their wages on demand.

PayKey launched its Earned Wage Access program in the Philippines as it plans to link with banks to offer companies the solution. Employees can access payments through a mobile application.

The company said it is in “advanced talks with some leading banks” in the country, and it plans to introduce the program’s mobile app in the local market early next year.

PayKey Asia Pacific Sales Director Liron Gross said the company will announce the names of the banks it is working with at a later date.

“They have some serious corporate accounts in all industries, whether it’s fast-food chains or retail,” she said at a virtual briefing on Thursday.

PayKey General Manager Roy Gabriel said the company sees the Philippines as one of the “focus places” for the solution.

“Together with the bank, we onboard an employer that was approved by the bank. We make sure that the employer has the resiliency to pay the salaries,” he said.

“Our technology gets the data from the payroll system.”

Mr. Gabriel said salary access would help employees that face unanticipated expenses.

“In the Philippines, the generation is getting younger. With the coming of age of digital native generations, such as millennials and Gen Zs, employees now expect everything to happen fast and with just a few clicks,” he said.

Government agencies plan to tighten taxation and regulation of financial technology companies as their business activities surge amid the pandemic, the Department of Finance said last month. — Jenina P. Ibañez

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