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SES targets to connect rural Philippines via O3b mPOWER satellite

GLOBAL satellite connectivity solutions company SES S.A. announced on Monday that its O3b mPOWER Satellite Constellation System, which will be launched this week, will help provide connectivity to remote areas in the Philippines.

“The launch is scheduled for mid-December and is the first of the five O3b mPOWER launches,” SES said in an e-mailed statement. “The global terabit-level scalable constellation will begin providing services in Q3 (third quarter of) 2023.”

“O3b mPOWER will help further bridge the digital divide in previously unconnected areas in the [Philippines] by delivering high-quality connectivity in remote areas or where geography makes communications infrastructure expensive to build,” the company noted.

The Philippines currently has 76.01 million internet users, accounting for only 68% of the population.

The O3b mPOWER, which will also support 4G and 5G mobile deployments in remote areas, is expected to launch in the Philippines and other markets in the region next year.

The SES O3b mPOWER is a second-generation medium-Earth orbit system that offers low-latency connectivity ranging from 50 megabits per second to multiple gigabits per second to different organizations worldwide.

“The SES O3b mPOWER Satellite Constellation envisions pushing for digital inclusion and connecting the unconnected, especially those in remote areas all across the globe,” the company said.

At the same time, the project is seen to benefit various sectors, including telecommunications, maritime, aviation, energy, and governments. It is also expected to provide instant bulletproof recovery solutions in case of natural disasters by ensuring uninterrupted connectivity.

“The O3b mPOWER communications system comprises an initial constellation of 11 high-throughput and low-latency satellites as well as extensive ground infrastructure,” the company noted.

In the Philippines, there is high connectivity in urban areas, but the opposite applies to rural areas, according to SES.

“More than ever, the Philippines is recognizing the need for connectivity services to drive digital inclusion and bridge the digital divide across the country. Under the Department of Information and Communications Technology, several initiatives have been put in place to connect unserved and underserved areas of the country including geographically isolated and disadvantaged areas,” it added. — Arjay L. Balinbin

Disney to release Ant-Man, Elemental, Wish and more in 2023

ELEMENTAL

WE sang, we fantasized, and we bawled our eyes out while watching films at the Disney Content Showcase at Singapore’s Marina Bay Sands on Nov. 30 to Dec. 1, where the Walt Disney Company unveiled its slate of upcoming theatrical and streaming movies and series for 2023.

The showcase featured an expansive slate of global titles from Marvel Studios, Walt Disney Animation Studios, Pixar, and Walt Disney Pictures.

Pixar Chief Creative Officer Pete Docter spoke about the studio’s purpose of entertaining and connecting with audiences.

“These stories allow us to step outside of ourselves and live from someone else’s eyes. And when they celebrate unfamiliar people and cultures, it may also help us understand a bit more about each other,” Mr. Docter said. “That’s why we ask our filmmakers to pull from their own personal experiences when their crafting stories, so that our audiences can better connect when they see a version of their own lives up there on screen,” he said.

“Movies that are impactful today, will hopefully also be watched a few years from now.”

ELEMENTAL
Pixar Studios is set to release its new animated film, Elemental, about two elements who meet and discover how much they have in common, on June 16.  The film was inspired by the story of director Pete Sohn’s parents who migrated from Korea to the United States in the 1970s.

“Just like my parents, many people and families have left their homes to come to a new land with hopes and dreams to do the same thing [to create a life in their chosen land],” Mr. Sohn said during the showcase.

“So, when we decided to make a new film, [we wanted] to tell a story about anyone who has had to ever make a sacrifice or taken a risk…,” he said.

The film features elementally opposed characters: Ember (voiced by Leah Lewis) who is a hot-tempered young woman; and Wade (Mamoudou Athie), a go-with-the-flow sensitive guy. Ember wants to take over her father’s business and struggles to burn bright in a city surrounded by water.

“We wanted to make sure that she was made of fire instead of being on fire,” Mr. Sohn said.

Wade, meanwhile, is made of water with wavy hair like the ocean. His body is transparent, so his emotions are also evident all the time.

The film focuses on appreciating our differences and loved ones.

“A big theme of this movie is thanking our parents for the sacrifices they made for us,” said Mr. Sohn.

Other upcoming Pixar titles include Win or Lose, Elio, and Inside Out 2.

WISH
In line with Walt Disney Studios’ 100th anniversary in October next year, Disney Animation Studios will release the commemorative film Wish next November.

The story explores the legend of the wishing star. It follows 17-year-old Asha and her goat Valentino as they navigate Rosas, the kingdom of wishes where wishes can literally come true.

Wish merges the company’s original illustration style with the new animation technology.

“I am excited about honoring Walt Disney with the feature,” the film’s director Fawn Veerasunthorn said.

“Our art and technology team would come together to figure out how to combine the 20th century illustration look that inspired Walt [Disney] with the CG technology we have now,” she said.

IWÁJÚ
The Disney Animation Studios will also release the streaming series Iwájú, co-produced by African entertainment company Kugali.

Iwájú” is a Yoruba word that loosely translates to “future.” Set in a futuristic Lagos, Nigeria, the series will deal with issues of inequality, innocence, and defying the status quo.

“I have been saying since I took on this role that I was in search of the stories of the world to be told by the people of the world,” Walt Disney Animation Studios Chief Creative Officer Jennifer Lee said.

“We didn’t know what it would be. We thought maybe a small series of sorts and they presented us with a new powerful long-term series…,” Ms. Lee said.

THE LITTLE MERMAID
Meanwhile, Walt Disney Pictures will release its 20th live action adaptation of an animated film, The Little Mermaid, which premieres in May. It is based on Disney’s 1989 animated film of the same title.

“We started with a broad search to find who should be Ariel for this generation,” Walt Disney Studios president Sean Bailey said. By the end of the casting search, the film’s director, Rob Marshall, presented actress Halle Bailey to the studio.

“That was a little unusual but we had incredible trust in Rob, so we screen tested, and we all immediately felt the same thing,” Mr. Bailey said. “She (Halle Bailey) just was the part.”

Other upcoming Walt Disney Pictures titles include Haunted Mansion which will be released in August, and Peter Pan and Wendy. Snow White and Mufasa: The Lion King will premiere in 2024.

ANT-MAN AND THE WASP: QUANTUMANIA
For Marvel Studios, next year marks the beginning of Phase 5 of the Marvel Cinematic Universe with Ant-Man and the Wasp: Quantumania, set for release on Feb. 17.

In the third Ant-Man film, Scott Lang/Ant-Man and Hope van Dyne/Wasp, along with Hope’s parents and Scott’s daughter Cassie, explore the Quantum Realm that pushes their limits and pits them against Kang the Conqueror.

“They have to face one of the most formidable villains [that] Marvel has, Kang the Conqueror (played by Jonathan Majors). I think it’s a really exciting story coupled with the family dynamic that’s really interesting,” Marvel Studios co-president Louis D’Esposito said.

“From the very beginning, we knew that the two Iron Man (films), the first Captain America, and first Thor (films) were [going to] culminate in an Avengers movie,” Mr. D’Esposito said.

“When that plan worked out and was successful, we started introducing more and more characters, where they were not only being introduced for the upcoming Avengers movies,” he said, adding that superheroes would merge or make special appearances in individual superhero movies.

Regarding representation and diversity, Mr. D’Esposito borrowed a quote from Marvel Universe creator Stan Lee: “Marvel has always been and always will be a reflection of the world right outside our window.”

“Our films and streaming shows have to reflect that,” Mr. D’Esposito said. “We are an entertainment company. We set out to entertain, but when you couple that with diverse people in front and behind the camera, and they bring their respective point of view and ideas, that is magical…”

Marvel Studios’ other titles for 2023 include the films The Marvels (to be released on July 28) and Guardians of the Galaxy Vol. 3 (May 5). Streaming on Disney+ soon are Secret Invasion, and Loki Season 2. — Michelle Anne P. Soliman

EDC launches geothermal-powered EVs 

LOPEZ-LED Energy Development Corp. (EDC) launched a new electric vehicle (EV) powered by geothermal energy as part of the company’s decarbonization and sustainability efforts.

“Our long-term goal is to roll out this project in all EDC sites across the country. After all, what we want is to continuously be true and consistent with our mission to have a decarbonized future,” Gloria Amboy, EDC’s supply chain head for indirect category and program manager for EV projects, said in a media release on Monday.

EDC said its new EV will be powered by Geo 24/7, the company’s brand of baseload geothermal energy.

The EV will be powered by steam energy from a charging station located at Tongonan geothermal power plant in Kananga, Leyte, the company’s geothermal plant facility.

EDC said that it is also planning to launch two more EVs powered by Geo 24/7 in 2023 through its partnership with Hong Equipment and Development Corp. Currently, there are three Geo 24/7-powered vehicles in Leyte.

The diversified renewable energy firm said the first three EVs are from Hong Equipment and Development Corp. and will be tested for six months first to determine additional units for its other facilities in the country.

“More than just an electric vehicle, what makes it special is it is powered by geothermal, which makes it a 100% renewable energy-powered vehicle. Others are powered by electricity that usually comes from carbon-intensive coal. This EV is the vehicle of the future,” William Hong, vice-president for business development at Hong Equipment and Development.

Data from EDC’s website showed that the company has installed a renewable energy capacity of 1,476.59 megawatts (MW). Geothermal energy capacity is its major source of power with an installed capacity of 1,181.8 MW, which it said accounts for 61.3% of the country’s total. — Ashley Erika O. Jose

Dolly de Leon wins Best Supporting Performance at LA Film Critics Awards

DOLLY DE LEON in Triangle of Sadness.

FILIPINA actress Dolly de Leon bagged the Best Supporting Performance prize at 48th Los Angeles (LA) Film Critics Association Awards on Dec. 11 for her role in Triangle of Sadness.

The film, which explores notions of beauty and privilege, follows two models on a luxury cruise. However, an unexpected turn of events leaves everyone, from the staff to the billionaire guests, stranded on a deserted island, and roles are quickly reversed.

Directed by Ruben Ostlund, the won the Palme d’Or for Best Picture at the Cannes Film Festival in May this year.

Ms. De Leon was recognized for her portrayal of Abigail, a toilet cleaner who becomes the de facto leader of the survivors of the ship mishap. She shares the award with Ke Huy Quan of Everything Everywhere All At Once.

Both films have been released locally by TBA Studios this year.

Triangle of Sadness premiered in the Philippines as the opening film of the 10th QCinema International Film Festival in November.

“It’s an honor and a privilege to be recognized by critics who think outside the box and recognize the artistry of film-making. I’m proud to represent every individual who is struggling in their chosen industry — much like Abigail. Every single soul who’s watched the film would know what I’m talking about. If you haven’t, go out and find out. It’s still in cinemas dito sa ‘tin. Para sa ‘tin ‘to (…here. This is for us),” Ms. De Leon said in a statement.

Triangle of Sadness is still playing in 11 cinemas in Metro Manila — at Ayala Malls the 30th, Ayala Vertis, Bonifacio Central, Fisher Mall QC, Gateway, Glorietta, Greenbelt, Trinoma, Power Plant Makati, Greenhills, and Cinema ‘76.

It will also have a limited run in Cinematheque Centers of the Film Development Council of the Philippines in Manila, Iloilo, Davao, Bacolod City (Negros Centre), and Nabunturan in Davao de Oro.

To view the complete list of winners of the Los Angeles Film Critics Association Awards, visit Awards for 2022 – LAFCA. — MAPS

SEC considers accreditation for service agents

THE Securities and Exchange Commission (SEC) is considering the accreditation of service providers and agents that assist the public in processing transactions with the commission.

On Monday, the SEC released its proposed rules on the accreditation of company service providers (CSP) and company service agents (CSA). The practice, which the regulator said is observed in Singapore, seeks to limit and regulate a smaller filing group that will be responsible for the overall compliance of businesses.

“The accreditation also seeks to help the transacting public in need of assistance from legal and financial experts on the application for registration for partnerships or domestic corporations, as well as highly technical applications,” the regulator said in a press release.

The rules define CSP as an accredited SEC and Department of Trade-registered corporation in good standing that provides services such as assistance in the application for registration.

Meanwhile, CSAs can be independent or employed with a CSP also duly accredited by the SEC to assist in the services determined by the regulator.

“A CSP must employ an SEC-accredited CSA who will also act as its duly authorized representative,” the SEC said.

The SEC said that applications processed through CSPs or CSAs will have faster turnaround times as they will be given a separate lane and will no longer be subjected to pre-processing by the commission’s Company Registration and Monitoring Department.

According to the proposed rules, CSAs must pass an online accreditation examination, which consists of four categories: registration of Filipino-owned or with 40% foreign stock holdings partnerships or domestic corporations; registration of companies with more than 40% foreign stock equity; registration of entities with a required secondary license; and licensing of foreign corporations.

The certificate of accreditation for CSA or CSP will be valid for three years and is renewable every three years. — Justine Irish D. Tabile

Taylor Swift to make film directorial debut with script she wrote

CBS/REUTERS

LOS ANGELES — Grammy award-winning singer Taylor Swift will make her film directorial debut with an original script she wrote, Searchlight Pictures said on Friday.

Walt Disney Co.-owned Searchlight, known for Oscar best picture winners The Shape of Water and Nomadland as well as 2022 drama The Banshees of Inisherin, did not disclose the subject of Ms. Swift’s film or when it would be released.

“Taylor is a once in a generation artist and storyteller. It is a genuine joy and privilege to collaborate with her as she embarks on this exciting and new creative journey,” Searchlight Presidents David Greenbaum and Matthew Greenfield said in a statement.

The “Shake it Off” singer was the first person to win three Video of the Year awards at the 2022 MTV Video Music Awards and the second woman to direct a winning Best Longform Video, which was Ms. Swift’s 2021 All Too Well: The Short Film.

Ms. Swift is an 11-time Grammy winner and the only female artist in Grammy history to win the coveted Album of the Year award three times. She recently earned another Grammy nomination for Song of the Year, the 10-minute version of “All Too Well,” which is eligible for the Best Live-Action Short category at the 2023 Oscars.

Oscar nominations will be announced on Jan. 24, 2023. — Reuters

Aboitiz InfraCapital, partner explore desalination projects

ABOITIZ InfraCapital, Inc. has partnered with Keppel Infrastructure Fund Management Pte. Ltd. to explore desalination projects in the Philippines.

“Aboitiz InfraCapital is eager to bring to Cebu this leading technology and world-class expertise to help address the city’s huge demand for clean, safe and sustainable drinking water,” Aboitiz InfraCapital, Inc. President and Chief Executive Officer Cosette V. Canilao said in a statement on Monday.

Aboitiz InfraCapital has proposed to supply the Metro Cebu Water District (MWCD) with 30 million liters per day of desalinated bulk water.

The company has tapped Keppel Infrastructure to build and operate a desalination plant. Keppel will treat raw saltwater by using emerging water treatment technology to produce potable water.

“Aboitiz InfraCapital intends to help MCWD address its current water challenges by offering them a reliable and alternative water source that can provide sustainable, safe, and clean drinking water to more Cebuanos,” the company said.

Aboitiz InfraCapital is the infrastructure arm of the Aboitiz group.

On Monday, shares in Aboitiz Equity Ventures, Inc. closed 0.19% higher to end at P54.10 apiece. — Ashley Erika O. Jose

Net foreign direct investment (Sept. 2022)

FOREIGN DIRECT INVESTMENT (FDI) net inflows dropped by 8% in September, amid monetary tightening and a looming global economic slowdown. Read the full story.

Net foreign direct investment (Sept. 2022)

Nas marks hip-hop’s 50th year

THE COVER of US rapper Nas’ record, Magic.

AS HIP-HOP prepares to turn 50 in 2023, US rapper Nas wants to make sure the world understands its history, relevance and influence.

Through his company, Mass Appeal, the native New Yorker is spearheading numerous events leading up to the anniversary.

Tributes will include a series of documentary films produced in conjunction with TV network Showtime, as well as 10 EP soundtracks produced by Swizz Beatz, The-Dream, Hit-Boy and others.

“Hip-Hop was never just music,” said Nas, adding it has always included elements of deejaying, dancing, fashion, and other art forms.

It has been a “voice for the voiceless,” he said.

“Now more of the voiceless have a platform, and the people feel like they can be a part of it.”

Mass Appeal CEO Peter Bittenbender said they wanted to create something to make people recognize how impactful hip-hop culture has been globally.

On Aug. 11, 1973, Clive Campbell, also known as DJ Kool Herc, played at a New York City block party and was credited with starting the music genre.

Hip-hop was born in the south section of the New York City borough of the Bronx in the late 1970s. The dancing, rapping and deejaying elements grew out of an inner-city environment but it has since evolved into a multi-billion-dollar part of mainstream global culture.

When asked where he thinks hip-hop is going in the next 50 years, Nas was optimistic.

“I hope that it’s still thriving and staying innovative,” he said. “And people are united through hip-hop and awaken about the things that are wrong in our societies through the words of hip-hop.” — Reuters

SB Finance partners with KServico

SB FINANCE CO., INC., the joint-venture consumer lending firm of Security Bank Corp. and Thailand’s Bank of Ayudhya (Krungsri), announced their partnership with appliance and motorized vehicle dealer KServico on Monday on payment options for customers.

SB Finance said in a statement that they will be offering installment payment options through its Pay Hooloogan service to customers of KServico.

“We are grateful to SB Finance for offering the Pay Hooloogan service to our customers. This addition to our payment options allows customers to get the things they aspire for. We’re optimistic that through Pay Hooloogan, more Filipinos will be able to get the things they want, on their terms,” Kservico President Lolita Mercado was quoted as saying.

SB Finance said under the partnership, customers can avail of financing options with no down payment through Pay Hoologan.

“With Pay Hooloogan, Filipinos can get the things they need with easy, convenient and affordable payment options. This partnership helps us reach more Filipinos and help make their dreams a reality,” SB Finance President Abbie Casanova said.

Pay Hooloogan gives customers a P200,000 credit line payable in installment terms within 48 months. The service can be accessed through the Zuki mobile app.

Clients do not need to have accounts with Security Bank Corp., SB Finance’s parent, to use the app.

SB Finance offers multi-purpose personal loans. Its main product offerings via the Zuki mobile app, which was launched in March, include Pay Hooloogan, personal loans, Car4Cash, and MotorsikLOAN.

Meanwhile, KServico sells motorcycles, appliances, computers and furniture. It has over 185 stores in Metro Manila  and Luzon areas and 128 stores in Visayas and Mindanao through EMCOR, Inc., their affiliate company.

SB Finance’s parent Security Bank posted a net income of P2.3 billion in the third quarter, up 35% from the year prior, amid increased revenues.

This brought its nine-month net profit to P8.6 billion, 77% higher year on year, on the back of the growth in its core businesses and lower loan loss provisions.

Security Bank shares gained 50 centavos or 0.56% to close at P89.90 apiece on Monday. — A.M.C. Sy

Filinvest group co-founder passes away at 94

MERCEDES T. GOTIANUN, chairperson emerita of the Filinvest group of companies, passed away on Dec. 11, 2022, leaving behind a business enterprise in which she has been regarded as the perfect complement to its visionary leader, her late husband.

Chita, 94, is said to be the “tireless implementor” of Andrew Gotianun, Sr., the founder of Filinvest Development Corp. (FDC).

“Widely admired for her work ethic, she was known to be organized, determined, and energetic. She persevered to accomplish her goals extraordinarily,” the Filinvest group said in a statement on Monday.

It said Andrew and Chita’s “harmonious synergy created a fruitful conglomerate,” which is now known as FDC and has interests in land development, universal banking, sugar milling and refining, hotels, utilities, and infrastructure.

The Filinvest group said that even as a young student, Chita was a hardworking achiever — graduating valedictorian in elementary and high school, maintaining her status as a university scholar before graduating magna cum laude with a B.S. Pharmacy degree from the University of the Philippines.

It added that the admired business leader will be remembered as the first woman president of a Philippine universal bank, having co-founded and led in the ’70s and ’80s Family Bank and Trust Co., the precursor to BPI Family Savings Bank.

She was the eldest among eight siblings, “often described as a fierce protector of the family showing her maternal side even during the early years of her life,” it said.

Johndorf Tower to be completed by Q2 2023

A NEW office tower with a Leadership in Energy and Environmental Design (LEED) Gold certification is on track for completion by the second quarter of 2023 in Cebu City.

The 21-storey Johndorf Tower is already seeing pre-commitments from locators months ahead of its completion in the second quarter.

Located along Mindanao Avenue in Cebu Business Park, the office tower is accredited by the Philippine Economic Zone Authority and LEED Gold certified by the US Green Building Council.

Johndorf Tower is developed by Johndorf Ventures Corp., and represented by exclusive leasing agent Leechiu Property Consultants (LPC).

“We are confident Johndorf Tower will be among the most attractive IT-BPM locations in Cebu City in 2023 and that its developer will reap the benefits of great business timing,” Bobby Apas, LPC commercial leasing senior manager, said in a statement.

The building has a typical floor plate of 1,427 square meters (sq.m.). It has 5 passenger elevators, high ceilings and a modern air-conditioning system.

Mr. Apas said that Cebu City has seen its economy rebound from the pandemic and is now “on the road to recovery.”

As of November, office demand in Cebu has surged to 68,451 sq.m., from 16,683 sq.m. demand seen for the entire 2021.

“More transactions expected to be completed before the end of the year,” LPC said.

The bulk or 65% of the demand is from the information technology-business process management (IT-BPM), while serviced offices accounted for 18%.

“Due to its large labor force and dynamic economy, Cebu has been a top choice for IT-BPM firms seeking alternative locations to Metro Manila for almost 15 years now,” Mr. Apas said.

According to LPC, firms in Western economies are “likely” to outsource more jobs to countries like the Philippines and India, similar to what happened during the Global Financial Crisis. — CRAG