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RLC Residences extends help to typhoon victims

RLC RESIDENCES extended assistance to the homeowners and employees of its Cebu projects, in the aftermath of Typhoon Odette.

The RLC Residences’ property management office worked with its counterpart in Manila to secure much-needed supplies to Cebu. Universal Robina Corp. provided food, drinking water, and other supplies to the residents and employees of Azalea Place and AmiSa Private Residences, located in Cebu.

The property management office also worked alongside Phoenix Petroleum Philippines to supply the diesel needed for the properties’ generator sets.

RLC Residences also announced that it will waive all penalties and interests incurred for late payments starting Dec. 16, 2021, to Jan. 31, 2022. This covers property buyers in typhoon-stricken areas, including Cebu, Bohol, Negros, Surigao, Siargao, Iloilo, Samar, Leyte, and Palawan.

Entertainment News (01/25/22)

Sayaw ng Dalawang Kaliwang Paa focus of Muni-Muni Stories

EPISODE 4 of Muni-Muni Stories sees Alvin Yapan, Jema Pamintuan, and Ada Tayao discussing the soundtrack of the 2011 film, Sayaw ng Dalawang Kaliwang Paa. The episode is now available on Spotify. Sayaw ng Dalawang Kaliwang Paa (2011) takes the audience through the lives of artists caught up in a love triangle. The love of dance wakens in Karen, Marlon, and Dennis other kinds of desire. They struggle to transform the subtle, complex emotions swirling in their love triangle, through poems, music, and bodily rhythm.  Alvin Yapan, Jema Pamintuan, and Ada Tayao together create a lively, reflective discussion on Litanya, one of the poems featured in the movie. Written by Merlinda Bobis, the poem provides the basis of the film’s the main soundtrack. This episode’s trio recounts working with the poem and gives the audience a snapshot of how the movie and the song both came to life. Muni-Muni Stories Season 2 is exclusively available on Spotify. Episode 5 will feature director Khavn discussing the soundtrack of his 2017 film, Balangiga: Howling Wilderness. Muni-Muni Stories is a podcast co-produced by Filipinas Heritage Library (FHL) and Podcast Network Asia. Its second season on Jan. 3, 2022. In this new season, many heavyweights in the film and music industries talk about official soundtracks (OSTs) in Pinoy movies we love. Also in the line-up this season are Glaiza De Castro, Antoinette Jadaone, Armi Millare, JP Habac, and more guests.

The Gilded Age premieres today

FROM Downton Abbey creator Julian Fellowes, HBO’s The Gilded Age debuts same time as the US today, Jan. 25, at 10 a.m. exclusively on HBO GO and HBO, with a same day encore at 10 p.m. on HBO. Written by Julian Fellowes and Sonja Warfield and directed by Michael Engler and Salli Richardson-Whitfield, the nine-episode drama series stars an ensemble cast of Cynthia Nixon and Christine Baranski, Carrie Coon, Morgan Spector, Denée Benton, Louisa Jacobson, Taissa Farmiga, Blake Ritson, Simon Jones, Harry Richardson, Thomas Cocquerel, and Jack Gilpin. The American Gilded Age was a period of immense economic change, of great conflict between the old ways and brand-new systems, and of huge fortunes made and lost. Against the backdrop of this transformation, The Gilded Age begins in 1882 with young Marian Brook (Jacobson) moving from rural Pennsylvania to New York City after the death of her father to live with her thoroughly old money aunts Agnes van Rhijn (Baranski) and Ada Brook (Nixon). Accompanied by Peggy Scott (Benton), an aspiring writer seeking a fresh start, Marian inadvertently becomes enmeshed in a social war between one of her aunts, a scion of the old money set, and her stupendously rich neighbors, a ruthless railroad tycoon and his ambitious wife, George (Spector) and Bertha Russell (Coon). New episodes will air every Tuesday.

Cha Eun Woo in Hallyu Hangouts session

SMART Hallyu Hangouts, in partnership with Viu, will allow Smart customers to spend time with South Korean star Cha Eun-Woo. The session will stream live on Jan. 29, 4 p.m., with a replay at 8 p.m. on the same day. Mr. Cha is known for his roles in K-Dramas like My ID is Gangnam Beauty, True Beauty, and variety shows such as All the Butlers and Handsome Tigers, which are all available on Viu. Smart launched the Hallyu Hangouts series last year to bring top South Korean stars like Hyun Bin, Son Ye-Jin, and Park Seo Jun closer to Filipino K-drama fans and Smart subscribers. For more information on how to watch Smart Hallyu Hangouts with Cha Eun-Woo, visit https://smart.com.ph/Pages/hallyu-hangouts and follow to follow Smart’s official accounts on Facebook, Twitter, and Instagram for updates.     

Crystal Paras releases new single

ACTRESS and singer Crystal Paras celebrates the beauty of waiting in her latest single under GMA Playlist “Hintay,” out on various digital platforms worldwide. “This is a very sweet love song. It reminds me of the early parts of a relationship, very vulnerable ang lyrics. Coming from a woman’s perspective, if I heard it, ise-send ko siya sa crush ko or sa taong gusto ko (I will send it to my crush or the person I like),” Ms. Paras said in a statement. Produced and released by GMA Playlist, “Hintay” was written by Rina Mercado. Ms. Paras was part of StarStruck Season 7 in 2019. Since then, she has appeared in the series Boys Lockdown, Love of My Life, and The Lost Recipe, and will appear in the live action adaptation of the hit animé series Voltes V Legacy. “Hintay” is available to stream on Spotify, YouTube Music, iTunes, and other digital platforms worldwide.

liesl-mae releases new single

AFTER releasing a cover of Ben&Ben’s anthemic rock single “Lunod,” singer-songwriter liesl-mae has released an original song entitled “Headspace.” With two previously released singles under her belt, “Headspace” marks her official debut as a pop singer-songwriter. The single is one of the first original songs that the Kuala Lumpur-based artist has written, noting that she penned “Headspace” in the beginning of 2020 when she found herself weighed down and overwhelmed. An advocate for mental health, liesl-mae is determined to openly address and discuss mental health in her music in the hopes of inspiring others, as well as to foster understanding around the subject matter. She is one of the three new artists of OFFMUTE, Sony Music Entertainment’s new Southeast Asian label. “Headspace” is available to stream on all digital music platforms worldwide.

Maris Racal releases new single

MARIS Racal is back with the single, “Pumila Ka,” featuring up-and-coming singer-songwriter and rapper, Raven. The song is an empowering tune that emphasizes how people need to be more aware and considerate of those around them. “I wanted to write a really relatable song and I was thinking of everyday expressions that I could build a song around,” Ms. Racal said in a statement. “The inspiration for this song is the Filipino expression “pumila ka” (get in line) usually endearingly delivered among friends when competing for a crush. I asked Rico Blanco for a dance beat, and so he quickly did a dancehall beat and within seconds, I was singing the chorus.” The song was written by Maris and raven, with production by Rico Blanco. “Pumila Ka” is available to stream on all digital music platforms worldwide.

New Pokémon Legends video out

THE POKÉMON Company has released a Pokémon Legends: Arceus Hisui 360° View video. The video features the setting for the Pokémon Legends: Arceus, Jade Region in 360-degree view. In the Hisui 360° View video, The Pokémon Company has recreated a realistic feeling where the viewer can “immerse” in the rich nature and vast land of the Hisui Region, the stage of the adventure. In the video, the user can encounter Pokémon by clicking or tapping on the screen. They can also “ride” a Pokémon around the Hisui region with three Pokémon. Pokémon Legends: Arceus will be released on Jan. 28 for Nintendo Switch. Preorder is available.

House approves bills on cooperative banks, LANDBANK charter

THE House of Representatives approved two bills related to financial institutions on third and final reading on Monday as it resumed its plenary sessions.

House Bill (HB) 9541 or the Cooperative Banking Act was approved after receiving 156 affirmative votes and no negative votes.

The measure aims to regulate the activities of these banks and encourage the private sector to form cooperatives.

A committee report on the bill was submitted by the Committee on Ways and Means and the Committee on Banks and Financial Intermediaries on May 31, 2021.

Meanwhile, HB 10581 or the measure providing a charter for Land Bank of the Philippines was approved on third reading with 160 affirmative votes and 0 negative votes.

CREIT expects ‘strong’ investor interest in its IPO

CITICORE Energy REIT Corp. (CREIT) on Monday said its underwriters are expecting strong interest from investors after the regulatory approval of its initial public offering (IPO) last week.

Oliver Y. Tan, CREIT president and chief executive, said in a press release that the company is “completing all the prerequisites to ensure a smooth process and transactional flow after receiving the green light from regulators.”

“We hope to receive strong and positive feedback from our investor roadshows and marketing initiatives, which we believe will be key to ensure CREIT’s successful IPO,” he added.

CREIT quoted Eduardo V. Francisco, president of BDO Capital and Investment Corp., as saying: “We expect there to be strong interest in the offering, considering its pioneering status as an energy-REIT and a sustainable investment alternative in the renewables sector, among others.”

CREIT tapped BDO Capital, PNB Capital and Investment Corp., Investment & Capital Corporation of the Philippines, and Unicapital, Inc. as joint issue managers, joint lead underwriters, and joint bookrunners.

CLSA Ltd. and CIMB Investment Bank Bhd are the international bookrunners.

Ben Thomas P. Pañares, president and chief executive of Unicapital, said that many of the institutions that have integrated environmental, social, and governance (ESG) as part of their investment process are highly attracted to CREIT.

CREIT’s book-building period will be from Jan. 19 to 25, while the offer period is on Feb. 2 to 8.

The company is offering its shares to the public for up to P3.15 each. The shares are expected to be listed on the main board of the Philippine Stock Exchange on Feb. 17. — Marielle C. Lucenio

Manila continues to lag in list of top real estate investment destinations

MANILA slumped to near bottom in a ranking of city investment prospects in the Asia-Pacific for 2022, a joint report from the Urban Land Institute and PricewaterhouseCoopers showed. Read the full story.

Manila continues to lag in list of top real estate investment destinations

How PSEi member stocks performed — January 24, 2022

Here’s a quick glance at how PSEi stocks fared on Monday, January 24, 2022.


P500-M agri fuel discount being readied for producers

PHILSTAR

THE Department of Agriculture (DA) said it is readying a fuel discount program for farmers and fisherfolk to help them deal with rising input costs.

Authorized by the General Appropriations Act, the fuel subsidy program will have funding of P500 million, it said.

The subsidy will be triggered when the three-month average Dubai crude oil price hits or exceeds $80 per barrel, based on the Mean of Platts Singapore benchmark.

“The fuel discount will definitely help reduce the production and transport costs of major farm and fishery products, and subsequently tempering their respective market prices,” Agriculture Secretary William D. Dar said in a statement.

Eligible for the program are those that own and operate agricultural or fishery machinery individually or through an organization, cooperative or association. For fisherfolk, fishing vessels must be registered with the Integrated Boat Registry System.

Target beneficiaries must also be registered under the DA’s Registry System for Basic Sectors in Agriculture and the Bureau of Fisheries and Aquatic Resources’ (BFAR) fisherfolk registry system.

“The DA regional field units and BFAR regional offices shall issue fuel vouchers to qualified beneficiaries to claim the fuel discount, and likewise are authorized to deduct 1.5% of said amount for administrative and other operational expenses,” the department added.

The program guidelines currently being formulated will include criteria on prioritization, the volume of discount vouchers to be provided to qualified beneficiaries, and the creation of a technical working group that will oversee the program implementation. — Luisa Maria Jacinta C. Jocson

PPA projects in Visayas awarded in January

THE Philippine Ports Authority (PPA) awarded port projects in the Visayas this month, including the construction of the port operations area of the Port of Getafe in Bohol.

The agency issued on Jan. 17 the notice of award for the construction of the port operations area, with continuous roll-on/roll-off ramp and fast craft berth at Getafe, according to copy of the award document released by the PPA.

The P458.99-million project was awarded to Ormoc-based construction company MAC Builders.

On Jan. 19, the agency issued a notice of award for the construction and offshore installation of aids to marine navigation at the ports of Borongan, Guiuan, Manguino-o, Catbalogan, San Isidro, Calbayog and San Jose, on Samar Island, and Liloan, Southern Leyte.

The P525.86-million project was awarded to Jarzoe Builders, Inc., which is based in Tanza, Cavite.

The Transportation department and the PPA have said that as of Dec. 2, they had completed 484 seaport projects nationwide, with another 100 projects in the works.

“Projects in the pipeline, which will commence before the term of the President ends, include the further expansion of the Abra de Ilog and Balatero ports in Mindoro as well as the Culasi port in Capiz and Jagna port in Bohol,” the PPA said in a statement.

It also noted that several proposals for Mindanao were under review “but expected to be posted for bidding the soonest time possible.”

The agency also awarded several projects in December, including the expansion of Puerto Galera Port in Oriental Mindoro and the construction of an operations area at the Port of Calatagan in Batangas.

The Puerto Galera Port Expansion Project was awarded to Great Swiss Metal Builders Corp. on Dec. 6. The project cost is P147.62 million.

The construction of the port operations area at the Port of Calatagan was awarded to J. C. Piñon Construction, Inc. on Dec. 14. The project cost is P102.87 million.

The agency also awarded on Dec. 6 the P241.69-million civil works contract for the Port of Marawi in Lanao del Sur to Mamsar Const. & Industrial Corp. On the same day, MRBII Construction Corp. was awarded the P164.8-million Ambulong Port Expansion Project in Magdiwang, Romblon.

Mamsar was also awarded the contract to construct the wharf and port operations area, featuring a roll-on, roll-off ramp, at the Port of Catagbacan in Loon, Bohol. The project cost is P666.99 million. — Arjay L. Balinbin

Customs fuel marking program raises close to P166B in 2021

THE Bureau of Customs (BoC) said on Monday that it collected nearly P166 billion in duties in 2021 from its fuel marking program, which is designed to address smuggling.

The bureau last year marked over 17 billion liters of gasoline, diesel, and kerosene.

Since September 2019, the government has been seeking to deter fuel smuggling by injecting a special dye into fuel products to signify tax compliance. Absence of the dye serves as an indication that the fuel was smuggled.

The Customs bureau in a statement on Monday said it intercepted nearly 87,000 liters of smuggled diesel and kerosene worth P5.16 million last year, along with two tanker trucks containing unmarked fuel valued at P7.4 million.

“Tanks of eight retail stations (where) these unmarked fuel were found (were) likewise sealed and recommended for filing of criminal cases,” the BoC said.

Between the start of the program and December, the government had marked 34.59 billion liters of fuel and collected revenue worth P313.98 billion.

The bureau also plans to donate over 6,000 liters of unmarked diesel fuel it seized to the Philippine Coast Guard for use in anti-smuggling operations.

The Port of Clark ordered the confiscation of diesel fuel found at a retail gas station in Arayat, Pampanga after government teams found no fuel marker on the products.

The Customs district collector in the Clark port forfeited the fuel in favor of the government after the management of the gas station — the Luzon Petromobil Integrated Service Stations, Inc. — officially abandoned its claim on the seized products.

The Department of Finance has estimated that revenue foregone due to oil smuggling was between P20 billion and P40 billion a year.

Customs collections in the first 11 months of 2021 hit P583.3 billion, up 18.47% from a year earlier.

In total, the government collected P2.5 trillion in tax revenue over that period. — Jenina P. Ibañez

Fishing organizations ask gov’t for better data to justify imports

PHILIPPINE STAR/ MICHAEL VARCAS

By Luisa Maria Jacinta C. Jocson

THE fishing industry said the government needs to supply better data that justifies the need for fish imports, after questioning the current rationale for buying fish overseas.

“We are not against imports, but it should be backed up by clear and credible data. We are having a hard time determining how accurate the data are,” Chairman of the Philippine Association of Fish Producers, Inc. David B. Villaluz said during a virtual forum on food security.

“We think the cycle pattern of small-scale fisheries is not being… taken into consideration in the data. It just caters to the commercial fisheries sector. What are the indicators considered as the basis to trigger the decision to import, as well as the volume of fish to be imported? Data should be clear to everyone,” Mr. Villaluz added.

On Jan. 17, the Department of Agriculture (DA) said it issued certificates of necessity covering imports of 60,000 metric tons (MT) of small frozen pelagic fish, citing the need to contain inflation, losses to the fishing industry due to the typhoon, and the closed fishing season which is restricting supply in parts of the country.

The DA cited a report from the Bureau of Fisheries and Aquatic Resources (BFAR), using data from the Philippine Statistics Authority (PSA), which estimated a potential deficit of 119,000 MT of fish for this quarter.

“Last quarter’s imports are still here in our markets, and it’s not being sold. We don’t know if this data by PSA supporting imports is correct. There are no specific guidelines on how PSA data are being gathered. It is too vague,” Mr. Villaluz said.

The National Fisheries and Aquatic Resources Management Council (NFARMC) has said that 60,000 MT of fish imported from last quarter has not yet been completely disposed of.

As of Jan. 13, 12,023 MT of fish was in transit and 22,613 MT in cold storage, according to the NFARMC.

Feedmix Specialist II, Inc. Vice-President Norberto O. Chingcuanco said that the data being used to trigger import decisions are often forecasts and do not reflect the real situation in the markets.

“It predicted last year that there will be a deficit 120,000 MT of fish. In reality, only 10% of that was needed. It again applied the same formula this year, not taking into account what happened last year. We never run out of fish. They’re always there,” Mr. Chingcuanco said.

“The data are usually presented as PSA data, but it is not so. It’s actually forecast or a prediction. They do use data from the PSA but the rest is what the BFAR came up with as a forecast,” he added.

The industry representatives urged the government to incorporate more direct ways of measuring supply and demand.

“Taal Lake produces 60,000 MT (of fish) by itself. For those who compile and gather data, please go to these places and see for yourself what’s happening on the ground. Talk to the people in the field. See the fishermen. Don’t rely on hypothetical data and forecasts,” Mario G. Balazon, Board Secretary of Taal Lake Aquaculture Alliance, Inc. said.

“We have cages overflowing with fish in Pampanga. We cannot sell our fish. We view imports as anti-farmer and anti-fisherman. Policymakers should go ground and look at the situation,” President of the Philippine Tilapia Association Jon G. Juico said.

“In my 17 years of fish rearing, there was never a time that there was a shortage of fish. We always have enough, or more than enough to supply everyone. That’s why we don’t understand why there is a need to import,” Mr. Juico said.

“Perhaps the data are inadequate and need to be adjusted. They always talk of a shortage, but you never find the market without fish. There is always galunggong (round scad), bangus (milkfish) and tilapia,” Vice-President of the Alliance of the Philippine Fishing Federation, Inc. Peter Paul D. Santos added.

“When there are natural disasters and closed seasons, imports shouldn’t be our first recourse when anticipating deficiency in fish supply. There should be research. There should be a study on how to mitigate those disasters without resorting to imports,” Dennis F. Calvan, Pangingisda Natin Gawing Tama Network Representative said.

“Our fishermen, especially our municipal fishermen, are the ones who are most affected by this. We need to protect them, as they are the most marginalized,” he added.

Senate panel notes backlog in building marine hatcheries

THE SENATE committee on agriculture has asked members of the House of Representatives to monitor the construction of marine hatcheries in their constituencies, amid a backlog in such projects and as bills for more hatcheries pile up in the legislature.

Senator Cynthia A. Villar, who chairs the Agriculture, Food, and Agrarian Reform committee, said at a hearing that the backlog amounts to 37 projects dating back to 2016, all of them authorized by laws passed by Congress.

She said the Senate, sitting in plenary, is evaluating three more projects, while 11 are currently in committee.

“Our work would be a waste if we keep passing these bills and none of them is implemented,” Ms. Villar said at the hearing.

If the backlog is addressed and the pending bills are implemented, she said nearly all provinces will have hatcheries, which would be “a big deal for fishing.”

Ms. Villar told members of the House to check on the status of pending projects in their districts with the Bureau of Fisheries and Aquatic Resources (BFAR). She cited agency estimates on the cost of a hatchery of about P20 million and the need for each local government unit to donate a site for the project.

“These bills will help resolve overfishing and dwindling fish catch of small fisherfolk, since they will be given priority access to their own town’s marine resources and new technologies including the processing and preservation of the fish catch,” she said.

BFAR National Director Eduardo B. Gongona said that of the backlog of 37, five have been completed or are in the process of being built, while 25 will be finished before the end of May. The remaining seven are due for completion by year’s end.

“It’s not enough to pass the bill into law,” said Ms. Villar, “it’s very important that it should be implemented.”

During the hearing, Ms. Villar also disputed the agriculture department’s contention of the need to import. The Department of Agriculture (DA) has issued import certificates for small frozen pelagic fish amounting to 60,000 metric tons for the first quarter.

Ms. Villar said the DA should have suspended the closed fishing season or provided funds to rebuild fishing boats destroyed by the typhoon instead.

She questioned the department’s preference for imports over the catch of fisherfolk, saying: “Why are imports the first solution?”

“Our problem is the small farmers and fisherfolk because they do not have resources, and they are not that well-educated to know what they have to do in case there are problems,” she added. “They should be the ones BFAR is helping.”

The population is now estimated at 111 million, Samar Rep. Edgar Mary S. Sarmiento noted during the same hearing. “This means that we cannot feed our population with natural resources because food security will fade… so in their mind, (the solution) is to import again and again which is wrong.” — Alyssa Nicole O. Tan

Seized cars could be destroyed after second auction fails

THE GOVERNMENT is considering destroying seized luxury cars after they failed to attract bids in the second-round public auction on Monday, the Department of Finance said.

“Destruction is an option,” Finance Secretary Carlos G. Dominguez III told reporters in a Viber message.

The Customs and Treasury bureaus again put up for auction the five seized luxury vehicles after the failure of the first-round auction to attract bids in December.

Streamed live on Facebook, the five vehicles again attracted no bids on Monday.

The cars up for auction — 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 — were seized in May and June last year.

The floor prices for the vehicles were set at a combined P29 million.

Customs usually destroys smuggled cars, but Finance Secretary Carlos G. Dominguez III directed the bureau to put the cars up for auction last year.

The government formed an interagency committee composed of the Treasury, Customs, and the Land Bank of the Philippines to conduct the public auction.

“We will also seek our principal’s guidance on the next steps with respect to the cars being auctioned,” Deputy Treasurer Erwin D. Sta. Ana said at the end of the auction event, also noting that destruction of the vehicles remains an option. — Jenina P. Ibañez