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BSP delivers jumbo rate hike anew

PHILIPPINE STAR/EDD GUMBAN
The Philippine central bank raised its 2022 average inflation forecast to 5.8%, from 5.4% previously. — PHILIPPINE STAR/ EDD GUMBAN

By Keisha B. Ta-asan, Reporter

THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday raised its key interest rate for a sixth time this year to tame inflation, which it now sees rising to 5.8% by yearend. 

As telegraphed by BSP Governor Felipe M. Medalla earlier this month, the Monetary Board increased the overnight reverse repurchase rate by 75 basis points (bps) to 5%, the highest in nearly 14 years.

The move followed the 75-bp hike by the US Federal Reserve at its Nov. 1-2 meeting, which brought the policy rate to 3.75-4%.

The BSP’s rates on the overnight deposit and lending facilities were also increased to 4.5% and 5.5%, respectively.

“In deciding to raise the policy interest rate anew, the Monetary Board noted that core inflation has risen sharply in October, indicating stronger pass-through of elevated food and energy prices as well as demand-side impulses on inflation,” Mr. Medalla said.   

Headline inflation accelerated to a near 14-year high of 7.7% in October, from 6.9% in September and 4% a year earlier.

Core inflation, which discounts food and fuel prices, quickened to 5.9% in October from the revised 5% in September.

The BSP also raised its average inflation forecast for this year to 5.8%, from 5.4% . For next year, the BSP hiked the inflation forecast to 4.3% from 4.1%. These projections are still above the central bank’s 2%-4% target. 

The 2024 inflation forecast was also raised to 3.1% from 3%.

“Risks to the inflation outlook lean strongly toward the upside until 2023 while remaining broadly balanced in 2024. Upside risks are associated with elevated international food prices owing to higher fertilizer costs, trade restrictions and adverse weather conditions,” Mr. Medalla said.

He also cited supply disruptions, agricultural damage due to typhoons and possible transport fare hikes as factors that could fuel inflation.

BSP Department of Economic Research Director Dennis D. Lapid said inflation is expected to average 5.8% this year as inflation peaks in the fourth quarter.   

However, Mr. Medalla said he does not see inflation breaching 8% in November or December.

“Even if it does, it will start going down by next year. Our own forecast is that by the second half of next year, inflation will actually be closer to 3% than to 4%, of course that’s assuming that there are no new supply shocks,” he said.

Mr. Medalla said the Monetary Board saw the need for aggressive tightening to “safeguard price stability,” amid the possibility of further second-round effects, persistent inflationary pressures and upside risks to the inflation outlook.

“With the strong growth of the economy in the third quarter of 2022, domestic demand is seen to hold firm owing to improved employment outturns, investment activity and consumer spending,” he said.

The Philippine economy expanded by 7.6% in the third quarter, bringing the year-to-date average growth to 7.7%. Economic managers expect full-year GDP growth to settle within 6.5-7.5%.

“A sizeable adjustment in the policy interest rate will help insulate the economy from external headwinds and exchange rate fluctuations that could further entrench price pressures and potentially dislodge inflation expectations,” Mr. Medalla said.   

After the BSP’s announcement, the Philippine peso closed at P57.36 versus the US dollar, barely changed from its P57.35 finish on Wednesday. Year to date, the peso has weakened by P6.36 or 11.1% from its P51 close on Dec. 31, 2021. 

Asked if the BSP would continue to mirror the Fed’s tightening in the coming months, Mr. Medalla said future policy actions would be data-dependent.

“The Fed rate now is not the highest, but the four 75-bp [rate increases] have been the [fastest] for a long time and I think that’s over. Therefore, we are slowly going back to a more normal global interest rate environment,” he said.   

“We will probably do less of the two recent unusual actions the BSP did, namely the off-cycle 75 (bps) and this 75 (bps) that was announced two weeks earlier,” he added.   

The central bank has raised rates by a total of 300 bps this year.   

Following the policy announcement, economists are expecting one more rate hike at the Monetary Board’s Dec. 17 meeting.

“Given lingering inflationary pressures, we expect another 50 bps from the BSP in December, to match the move by the Fed. Stronger-than-expected Q3 GDP figure also gives the BSP some comfort in its position that the economy is resilient enough to weather policy tightening,” Oxford Economics Assistant Economist Makoto Tsuchiya said in a note.   

However, Mr. Tsuchiya said a looming recession in developed countries, high inflation, tightening global financial condition and a China slowdown cloud the outlook for the Philippines.

“BSP will likely retain its hawkish tone given its recent adjustment to inflation forecasts for both 2022 and 2023,” ING Bank N.V. Manila Senior Economist Nicholas Antonio T. Mapa said, adding that he also expects a 50-bp hike in December.

Gareth Leather, senior Asia economist at Capital Economics, said the BSP might stop hiking rates in early 2023.

“We think further tightening is likely in the near term, but with inflation having probably peaked, headwinds to the recovery mounting and the Fed’s own tightening cycle are likely to come to an end soon,” Mr. Leather said in a note.

He said the further weakness in the peso would likely be over in the next few months, and he expects the peso to appreciate against the US dollar by the second half of 2023.

“Overall, we are expecting one further 50-bp rate increase at the BSP’s final meeting of the year in December, followed by another hike in early 2023, which should mark the end of the central bank’s tightening cycle,” he added.

Miguel Chanco, chief emerging Asia economist at Pantheon Macroeconomics, said the BSP should be cautious in its inflation assessment and monetary tightening.

“Any further rate increase from these levels would be tantamount to overkill, not least because the road to target-range inflation by the middle of next year remains clear. We vehemently disagree with the board’s assessment that the recent rise in core inflation is worth paying attention to, as the Philippines’ gauge of underlying inflation still includes some volatile food and energy-related components,” he said.

“All told, we are sticking to our call that a partial unwinding of this year’s rate hikes will be pursued towards the back end of 2023.”

S&P affirms Philippines’ investment grade rating

AN AERIAL VIEW shows the Ortigas business district in Pasig City, June 10, 2022. — REUTERS

S&P GLOBAL RATINGS affirmed on Thursday the Philippines’ investment grade rating, amid the economy’s continued recovery from the pandemic.

“The Philippines’ economy is rebounding healthily, spurred by strong domestic demand as the country lifts mobility restrictions and fully reopens… We affirm our ‘BBB+’ long-term and ‘A-2’ short-term sovereign credit ratings on the Philippines,” it said in a statement.

The credit rater said it kept a “stable” outlook, reflecting expectations of economic recovery and a significant decline in the fiscal deficit in the next two years.

Under S&P’s global rating scale, “BBB+” is considered an investment grade rating, and reflects a sovereign’s “adequate capacity to meet financial commitments, but more subject to adverse economic conditions.”

The “BBB+” sovereign rating is a notch away from the “A”-level grade targeted by the government, while a “stable” outlook means the rating is likely to be maintained in the next six months to two years. 

S&P last affirmed its credit rating for the country in May 2021 with the same “stable” outlook.

“The sovereign credit ratings on the Philippines reflect the country’s above-average economic growth potential, which should drive constructive development outcomes and underpin broader credit metrics,” it said.

S&P noted the Philippines has entered the endemic phase of the coronavirus with economic activities now normalizing. Gross domestic product (GDP) growth averaged 7.7% in the first three quarters, driven by strong domestic demand.

However, the debt watcher expects GDP expanding by 6.3% this year, a tad below the government’s 6.5-7.5% GDP growth target.   

For next year, S&P expects growth at 5.7% amid a global economic slowdown, particularly in the US and China. This is below the government’s 6.5-8% goal.

“Nonetheless, economic growth should be well above the average for peers at a similar level of development, on a 10-year weighted average per capita basis. The country has a diversified economy with a strong record of high and stable growth. This reflects supportive policy dynamics and an improving investment climate,” it said.   

It added that Philippine GDP per capita could rise to $3,640 this year and $3,838 next year. Real GDP per capita growth could average about 4.6% each year over 2023-2025.

S&P said the economic recovery would help improve the Philippines’ fiscal position, which has deteriorated during the pandemic.

“However, the fiscal position will likely take longer than our forecast period to recover to pre-pandemic levels,” it said.

S&P forecasts the Philippines to bring down its general government deficit to 5% of GDP this year, from 6% in 2021. The central government deficit is also seen to narrow to 7.2% of GDP this year, against the national budget’s estimate of 7.6%.

However, the government’s efforts to provide support measures countering elevated inflation may hamper an improvement in fiscal outcome, S&P said.

“The fiscal shortfall should continue to narrow over the coming years while the economy regains its footing and the government scales back stimulus measures,” it added.

The Philippines may face difficulty in restoring the fiscal and debt settings to pre-pandemic levels in the next 12 months to two years due to rising inflation, tightening monetary policies and supply chain disruptions, S&P said.

The Philippines’ debt-to-GDP ratio stood at a 17-year high of 63.7% as of the third quarter, well above the internationally recommended threshold of 60%.

Inflation climbed by 7.7% year on year in October, the fastest in nearly 14 years and exceeded the central bank’s 2-4% target for a seventh straight month. It averaged 5.4% in the 10-month period.

To tame inflation, the Bangko Sentral ng Pilipinas (BSP) has raised borrowing costs by 300 basis points (bps) this year, including its 75-bp rate hike on Thursday. This brought the benchmark policy rate to 5%.   

Meanwhile, S&P said it might upgrade the Philippines’ credit rating if the economy recovers faster than expected and the government achieves “more rapid fiscal consolidation.”

“We may also raise the ratings if institutional settings, which contributed to a significant enhancement in the Philippines’ pre-pandemic credit metrics over the past decade, further improve,” it said.

However, S&P cautioned that a downgrade is possible if the Philippines’ recovery falters, which could lead to a “significant erosion” of the long-term growth trend.

“Indications of downward pressure on the ratings would be a sustained annual change in the net general government debt that is higher than 4% of GDP and the general government net debt stock exceeding 60% of GDP, or interest payments exceeding 15% of revenue on a sustained basis,” it said.

S&P said the “persistently large” current account deficits are another downside risk to the Philippines’ credit rating.

In the first semester, the current account balance hit a $12-billion deficit, widening from the $1.3-billion gap a year earlier.

“We believe deficits will persist over the forecast years as capital imports rebound alongside the economic recovery and higher commodity prices prevail,” the debt watcher said. 

“Nevertheless, current account deficits should moderate in the outer years. This is because competitive unit labor costs relative to peers such as Thailand and Indonesia, combined with a large, young, educated and flexible labor force should further strengthen the Philippines’ service exports,” it added. — Keisha B. Ta-asan

MWSS board OK’s water rate hike starting 2023

A man pours water in a container in Tondo, Manila, March 23. — PHILIPPINE STAR/ RUSSELL PALMA

CONSUMERS in Metro Manila will face higher water bills starting next year.

This after the Metropolitan Waterworks and Sewerage System (MWSS) board gave the go signal for Metro Manila’s two main water concessionaires to implement higher rates on a staggered basis for the next five years starting January 2023.

Patrick Lester N. Ty, chief regulator at the MWSS-Regulatory Office, said the board approved on Nov. 10 the rate rebasing adjustments for Manila Water Co. and Maynilad Water Services, Inc. that will be implemented from 2023 to 2027.

Beginning January 2023, Manila Water will increase rates by P8.04 per cubic meter, followed by a P5 hike in 2024, P3.25 in 2025, P3 in 2026 and P1.08 in 2027.

Next year, households that consume 10 cubic meters will see their monthly bills increase by P41.19 to P192.42, from P151.23 a year ago. Those consuming 20 cubic meters will pay P91.53 more to P425 from P333.47 a year ago. Those consuming 30 cubic meters will pay P187.10 more to P866.12, from P679.02 a year ago.

Manila Water earlier said the rate adjustments would fund its proposed five-year capital expenditure plan of P181 billion.

Meanwhile, Maynilad will implement a rate increase of P3.29 per cubic meter in January. This means residential customers who consume 10 cubic meters a month will see their bills increase by P5.28 to P135.70, from P130.42 in January 2022.

Households that consume 20 cubic meters and 30 cubic meters should expect monthly bills to go up by P20.29 to P509.11 (from P488.82 a year ago) and by P41.71 to P1,039.64 (from P997.93), respectively.

For the succeeding years, Maynilad will implement a P6.26 rate hike in 2024 and P2.12 hike in 2025. If there is no new water source, rates will rise by P0.84 in 2026 and P0.80 in 2027.

Maynilad said in a stock exchange disclosure the rate adjustments for 2026 and 2027 would depend on the company’s completion of the Kaliwa Dam project, which will serve as a new source of water. If the project is completed, rates will rise by P1.01 in 2026 and 2027.

These adjustments will help fund Maynilad’s plan to spend P150 billion on water and wastewater projects in the next five years.

“These rate adjustments will enable Manila Water and Maynilad to provide the highest quality of water, sanitation and sewerage services that their customers deserve,” Mr. Ty said.

Rate rebasing is done every five years, accompanied by a performance review and validation of the two companies’ projected cash flows. It also sets the water rates in a manner that allows the water suppliers to recover their expenditures.  AEOJ

Who will be the next Entrepreneur Of The Year Philippines?

The Entrepreneur Of The Year Philippines 2022 has concluded its search for the country’s most successful and inspiring entrepreneurs. The Entrepreneur Of The Year Philippines is a program of the SGV Foundation, Inc. with the participation of co-presenters the Asian Institute of Management, the Department of Trade and Industry, the Philippine Business for Social Progress, and the Philippine Stock Exchange.    

THE SEARCH for the Entrepreneur Of The Year Philippines 2022 will conclude with a much-awaited award gala at the Grand Hyatt Manila on Nov. 21.    

This year’s search has identified 18 outstanding entrepreneurs from diverse industries. SGV Foundation President Wilson Tan emphasized the importance of resilience in the face of disruption.    

“The business environment today is filled with immense challenges and opportunities. We have seen new business models, products, processes and services enter the market and become instant sensations. At the same time, we have also seen many businesses and industries struggle to evolve and survive. Yet, in the face of enormous adversity, we believe that the fundamental spirit of Filipino entrepreneurship remains as strong and dynamic as ever,” he said.

Ricardo Abelardo, Jr. took over a small canteen concessionaire with a vision of professionalizing the canteen business in the Philippines. Artemisplus Express, Inc. (Kitchen City) is now a professional food concessionaire business with P1.5 billion in revenue and more than 100 outlets. During the pandemic, he successfully launched Kitchen City Frozen Meals with its own digital platform and delivery fleet. He is now looking to expand into food express and branded food kiosks and extend their geographic reach.

Roberto Chan started trading hardware materials in Binondo, and later took over a PVC pipe manufacturing company that became Atlanta Industries, Inc. Despite many challenges, the company is now one of the country’s leading manufacturers of high-grade PVC/CPVC/HDPE/PPR pipes, fittings and profiles. A prolific inventor, he holds 41 patents for various products.

Allyxon Cua joined Accent Micro Technologies, Inc. (AMTI) as general manager and led its transformation from a single-brand personal computer business into a company offering various international brands and network solutions. Today, AMTI is one of the most dynamic and diverse companies in the local technology landscape and a digital transformation enabler. He is aiming to make AMTI the country’s go-to company for innovative technological solutions.   

Ana de Ocampo sought to fulfill a dream, as a food lover and culinary arts degree holder, when she set up a single corner bakery and café called Wildflour. Now a restaurant group, Wild Flour Bakery + Café Corp. boasts of a roster of successful restaurant concepts. She expanded into delivery options and retail products, resulting in many awards for Wildflour and for herself.    

Jacqueline Jade Gutierrez created and launched BLK Cosmetics, together with Anne Curtis, under Beauty Refinery, Inc. with the goal of providing Filipinos with affordable yet premium-quality makeup products. Despite the challenges during the pandemic, BLK continued to innovate and launch new products. BLK is now among the top five cosmetic brands in online retail and is ranked the 7th biggest cosmetics brand for a nationwide health and beauty chain.    

Raymond Jarina, together with his father and predecessor, expanded INTECO Isuzu Group of Dealerships — the pioneer Isuzu dealer in the Philippines — from a single to six dealerships in northwest Luzon. Now president and chief executive officer (CEO), he has improved the company’s systems with a focus on employees’ professional growth and customer satisfaction. He continues to build the organization into a “family that cares” for all its stakeholders.    

Lisset Laus-Velasco became chairman and CEO of Global Cars Philippines, Inc. (GCPI), the family business, after her father passed away in 2019. She started in sales, and was later involved in finance, operations, servicing and after-sales. Today, she upholds her father’s legacy and measures the success of GCPI by the happiness of its customers and its people.    

Leandro Antonio Leviste set up Solar Philippines Power Project Holdings, Inc. to bring solar energy to the country and generate cheaper, more reliable electricity. It has built solar farms in Batangas, Nueva Ecija and Tarlac and is building the world’s first large-scale solar-battery baseload project. He has been recognized as one of Asia’s bright young entrepreneurs by Forbes magazine and is one of the youngest business founders to bring a Philippine company public.   

Robert Lo grew RDF Feed, Livestock & Foods, Inc. from a single poultry farm into a major agri-food enterprise, with modern poultry and swine farms in Pampanga and Tarlac and a chain of meat shops. Learning hard lessons from economic and environmental challenges, as well as past business failures, he is driven by a personal commitment to help sustain food security, support local communities and improve the domestic agriculture sector.   

Francisco Magsaysay started making and selling homemade ice cream from his garage to avoid wasting the oversupply of milk produced by his family’s dairy farm. Since then, Carmen’s Best has become the first artisanal ice cream brand to become a household name and is now distributed through 400 channels and served on multiple airlines.    

Jeffrey Ng started Cathay Land, Inc. with a desire to convert underutilized land into modern suburban communities. Focusing first on developments in Cavite to make it a viable alternative to Manila, he is now looking to replicate this success in Central Luzon, the Visayas and Mindanao, while advocating laws and measures that help Filipinos own homes and create a conducive business environment for industry players.    

Ibrahim Nuño drew on years of experience as a project manager abroad and a civil engineer at a local bank when he used his retirement pay to start his own construction company, Metro Stonerich Corp. Now, the company is a multibillion-peso business, with a reputation for quality and affordable end-to-end construction solutions.   

George Royeca co-founded DBDOYC, Inc. (Angkas), the Philippines’ first app-based motorcycle ride-hailing platform, in response to the need for public transportation solutions and to legitimize and professionalize motorcycle taxi services. Despite multiple shutdowns, he made Angkas the vehicle for his advocacy for proper laws and regulation, while giving motorcylists a good livelihood. Angkas has received awards for service excellence and digital disruption.   

Aileen Suy and her husband took over a single poultry farm and, through business transformation and expansion, turned Ana’s Breeders Farms, Inc. into a billion-peso business. It is the only fully integrated poultry operation in Davao City. She uses the business to make a difference in the community, contributing to food supply, providing jobs and participating in social projects.     

Steve Sy jumped into e-commerce during its infancy in the Philippines, starting Great Deals E-Commerce Corp. His company is now the leading e-distributor in the Philippines, carrying multinational brands and providing services such as digital content production, customer support, warehousing and fulfillment. Great Deals has been recognized as one of the fastest-growing companies in the country and in the Asia-Pacific region.     

Maria Francesca Tan, who grew up with a knack for doing business, set up MFT Group of Companies, which provides long-term capital and transformative solutions to promising businesses. It enables businesses through shared services focused on finance, marketing, operations, and business development, among other things. 

Dennis Anthony Uy developed a keen interest in electronics and computer programming while growing up. He started a cable TV company, and later an internet service provider that would become Converge ICT Solutions, Inc. He had the foresight to jump ahead of the competition by being the first in the country to install fiber optic cable lines and offer fiber-to-the-home fixed broadband services to consumers. Converge is now recognized as the fastest-growing fiber internet service provider in the Philippines.   

Antonio Ynoc rose from humble beginnings to open a logistics business, Prime Movers Total Logistics, Inc. The company became a total logistics solution company offering full supply chain services, receiving multiple awards as an outstanding logistics vendor and entrepreneur.

From among these 18 finalists, winners will be recognized for each of these categories: Master Entrepreneur, Emerging Entrepreneur, Small Business Entrepreneur, Woman Entrepreneur, Young Entrepreneur and Technology Entrepreneur.

From among these winners, one will be named the Entrepreneur Of The Year Philippines 2022 and will represent the country at the World Entrepreneur Of The Year awards in Monte Carlo, Monaco in June 2023. 

In 2003, the very first Entrepreneur Of The Year Philippines award was accorded to Jollibee Foods Corp. President and CEO Tony Tan Caktiong, who went on to become the World Entrepreneur Of The Year 2004.   

Socorro Cancio-Ramos, founder of National Book Store, was named Entrepreneur Of The Year Philippines the year after and, followed subsequently by Lance Gokongwei, president and CEO of Cebu Air, Inc.; Senen Bacani, chairman and president of La Frutera, Inc.; Wilfred Steven Uytengsu, Jr., president and CEO of Alaska Milk Corp.; Ambassador Jesus Tambunting, chairman and president of Planters Development Bank; Tennyson Chen, president of Bounty Fresh Foods, Inc.; Erramon I. Aboitiz, president and CEO of Aboitiz Power Corp.; Jaime I. Ayala, founder and CEO, Hybrid Social Solutions, Inc. in 2012; Ben Chan, chairman of the board of Suyen Corp. in 2013; Nix Nolledo, chairman and CEO of Xurpas, Inc. in 2015; Natividad Cheng, chairperson and CEO of Multiflex RNC Philippines, Inc. in 2017; and Benjamin O. Yao, chairman, president and CEO of SteelAsia Manufacturing Corp. in 2019.

The Entrepreneur Of The Year was founded in the United States by professional services firm Ernst & Young in 1986 to recognize the achievements of the most successful and innovative entrepreneurs worldwide.    

In 2001, Ernst & Young expanded the program and launched the World Entrepreneur Of The Year awards.  The SGV Foundation, Inc. established the Entrepreneur Of The Year Philippines program in 2003.     

Media sponsors of the Entrepreneur of the Year Philippines 2022 are BusinessWorld and the ABS-CBN News Channel. Gold Sponsors are SteelAsia Manufacturing Corp., Uratex, and Navegar. Silver Sponsors are Intellicare, OneWorld Alliance Logistics Corp., and Regan Industrial Sales, Inc. Banquet Co-Presenter is PMFTC, Inc. Banquet Sponsors are Uratex, MerryMart Consumer Corp., Robert Blancaflor Group, Inc., International Container Terminal Services, Inc., Joy-Nostalg, Vista Land & Lifescapes, Inc., and Global Ferronickel Holdings, Inc.

Direk Perci keeps busy

A SCENE from the film LiveScream

Has two films out in November

TELEVISION and film producer and director Percival M. Intalan is a busy man — he released two very different films back-to-back in November. Now streaming on Vivamax Plus is the horror film LiveScream while the romantic comedy Mahal Kita, Beksman premieres in theaters this weekend.

LiveScream wrapped up in February, Mahal Kita, Beksman was completed in June.

He is currently working on three projects in post-production which are scheduled for release in 2023.

Released on Nov. 9, LiveScream follows a prankster who finds himself trapped in a dark room. Things turn bloody when a masked figure gives him instructions to use a torture wall or else his loved ones will suffer. It stars Elijah Canlas, Phoebe Walker, and Kat Dovey.

LiveScream is Mr. Intalan’s first slasher horror movie, inspired by the Japanese thriller Audition (1999).

“Marami kaming gustong gawin pero nagsisimula pa lang kami sa slasher (We wanted to do many things but we were just starting with slasher films). So, I toned it down to leave more to the imagination [of the audience],” he said at a press lunch on Nov. 9 in Tomas Morato, Quezon City.

“I’m so excited for this idea na slasher kasi tao iyung kalaban eh (the enemy is a person). Bihira gawin sa atin (It is rarely done in the Philippines),” he said, noting that in most Pinoy horror, the antagonist is supernatural.

The film was shot in the same location in Pililia, Rizal where Erik Matti’s Seklusyon was shot.

With directing his own horror films, Mr. Intalan is able to confront his fears, he said. “The horror films are based on my fears kasi takot ako sa horror (because I am scared of horror films).”

Aside from being the producer of the popular online series Gameboys (2020), Mr. Intalan directed full-length feature films Unforgettable, Distance, My Fairy Tail Love Story, and Dementia, and the TV series Born Beautiful, and produced the films Bwakaw, Barber’s Tales, I Love You With All My Hypothalamus, and box-office hits such as The Panti Sisters, Ang Dalawang Mrs. Reyes, and Die Beautiful. According to his IMDB bio, he has produced over 24 films with all the major Philippine studios.

Before co-founding the content creation company, The IdeaFirst Company, Mr. Intalan worked with GMA Network Inc., with the Walt Disney Co. as executive producer and production manager, and TV5 (Associated Broadcasting Company) where he was Vice-President for Creative Services before becoming the network’s Head of Entertainment.

CHILDHOOD INSPIRATION
The romantic comedy Mahal Kita, Beksman follows Dali (played by the brilliant Christian Bables), a fashion designer and makeup artist whom everyone assumes is gay — until he falls in love with a girl named Angel (Iana Bernardez). He then deals with everyone’s confusion, including that of his parents, at finding out that he is a straight man. The film also stars Keempee De Leon and Katya Santos.

Mr. Intalan said that the romantic comedy was inspired by his childhood.

“I was in high school [where] my friends were all openly gay. Pero nanligaw ako tapos naloka sila,” he said, explaining that his friends were surprised when he pursued a girl on whom he had a crush.

“Our hope is that Beksman finds an audience. My philosophy is you can only do your best in making the film good. What’s nice is there’s streaming already. If there are other avenues for streaming, viewers will discover that later,” he said.

As a director, Mr. Intalan relies on the skill of the actor, but goes not subscribe to using personal experience to trigger emotions.

“I explained the role, explain the story, answer their questions. But I have to rely on them to craft [the character],” he said. “I don’t give them specific instructions on how to do things. But when I motivate actors, I also don’t subscribe to using their personal experiences for them or against them to trigger a reaction.”

With his background as a producer, he says he is a director who is producer friendly. “I’m very systematic, and organized,” Mr. Intalan said, adding that he makes the most out of his shots when actors are present. Michelle Anne P. Soliman

Taylor Swift resale ticket prices soar past $28,000 amid fan frenzy

LOS ANGELES — Ticket resellers were trying to fetch as much as $28,000 per ticket on Wednesday for Taylor Swift’s upcoming US stadium tour as fans flocked online for a second day looking to score seats to see the “Anti-Hero” singer live. Presales began on Tuesday and brought millions of people to the Ticketmaster website, causing periodic outages and long online wait times.

Ticketmaster, owned by Live Nation Entertainment said the sale had prompted “unprecedented demand” that caused delays and that it worked quickly to resolve them.

The Eras Tour is Ms. Swift’s first since 2018, and it is not unusual for websites to encounter problems for hot shows or products such as collectible sneakers or video game consoles.

A new round of Swift ticket presales, for Capital One credit card holders, proceeded on Wednesday with fewer complaints on social media. Some fans said wait times stretched past three hours in online queues, and many left empty-handed when ticket allotments sold out.

Over on resale sites, some buyers were trying to cash in on the fervor. Asking prices on StubHub for an April show in Tampa, Florida, ranged from $338 to $28,350 apiece.

Ms. Swift released her latest album, the pop record Midnights, in October. She has promised hits from albums spanning her career on the Eras tour. The US tour is scheduled to start in March and end in August.

Additional tickets are scheduled to be made available to the general public on Friday. — Reuters

Prime Infra works on more gas fields in Malampaya 

BW FILE PHOTO

PRIME INFRASTRUCTURE Capital, Inc. is looking at additional gas fields within its exploration service contract with the government to possibly supply the needs of power plants, its top official said.

Prime Infra President and Chief Executive Guillaume Lucci in a media briefing on Thursday that the company had taken over the Malampaya gas-to-power project on Nov. 1 and that it had submitted a work program to the Department of Energy for a license extension.

“The work program is consistent with the previous statements that we made, which is, we are going to do the necessary to extract as much gas as we can from Service Contract 38,” he said.

He said Malampaya’s untapped potential is a combination of extracting within the same field as well as looking at additional fields within the service contract.

“There will be a number of wells drilled. We think two operational wells as well as one exploratory well, at least. So probably two to three wells,” Mr. Lucci said.

Prime Infra, through its subsidiary, is the operator of SC 38 covering the Malampaya gas field, which supplies 20% of the country’s power requirements and 27% of the Luzon grid. The gas field’s supply is expected to be depleted by 2027.

“Rest assured that we are focused on producing as much gas as we can to sustain the needs of the power plants,” Mr. Lucci said.

Prime Infra earlier announced that it was seeking the extension of SC 38, which is set to expire by 2024. Mr. Lucci did not disclose details of the company’s next action for its license extension.

“We are very confident that power plants will utilize indigenous gas before imported LNG (liquefied petroleum gas),” he said.

Mr. Lucci said that Prime Infra is also targeting to spend up to P55 billion on energy, water, waste management, and other projects. He said that the firm is well-positioned to build projects that support the country’s “urgent needs.”

“We need about, give or take, P50 [billion] to P55 billion of equity to support our projects,” Mr. Lucci said.

According to the Energy department, the Malampaya gas field off the coast of Palawan island is the biggest commercial gas discovery in the Philippines to date.

Prime Infra, a company led by businessman Enrique K. Razon, Jr., became the operator of the Malampaya project after it acquired the stake previously held by Shell Philippines Exploration B.V. — Ashley Erika O. Jose

Spectacular failure

SAINTS ROW (2022) — SAINTSROW.COM

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The Origin: Blind Maid
PS4

FOR gamers steeped in action-adventure titles, their bias for the Saint’s Row Franchise runs deep. While the first Saints Row release was nothing memorable, it was Saints Row 2 that convinced them of the series’ legs. The game had similar mechanics to classics like Grand Theft Auto, but its humorous approach to its open world helped it stand apart from the others. It strayed — and stayed away — from more serious topics its predecessors discussed, opting instead for a light-hearted, silly tone to color its urban environments. It boasted of bright, colorful atmospheres amid all the mayhem, effectively making Saints Row 2 a seminal title.

Fast forward to today, and the Saints Row series is still alive and well. It’s latest offering is Saints Row 2022, which, for the most part, seeks to reflect what has made the Saints Row series so beloved. It does have its own version of witty and charming dialogue, and is clearly aimed to capture the same types of audiences its predecessors had. Unfortunately, for all its good intentions, it suffers from a number of problems, and while some parts of it are enjoyable, it never manages to live up to expectations.

There’s the story, for one. In Saints Row 2022, you create your own character in the fictional city of Santo Ileso. Caught between rival gangs, you and three friends team up to make your own gang, and work together to take the city into your hands. You do this by going on odd jobs, doing character missions, fighting other gang members, and taking each district piece by piece until the whole city is yours. It’s a neat concept, and it doesn’t really have to do much more than that to become enjoyable. Insert a bit of humor, add a little justification (no matter how silly it can be), and you have the makings of a pretty good Saints Row game.

The problem comes in the quality of Saints Row 2022’s writing. It never really manages to be anything but annoying. None of your companions are really interesting, and what personalities they have seem to be based on pop culture tropes more than anything else. This would be fine if the tropes themselves were enjoyable or done well, but they’re not. Instead, they try to pull funny modern references, all while setting it to the tune of gun-fighting, rampant gang-related violence, and constant criminal activity. It never feels like it fits; it’s never fun when it’s put center-stage, and it always feels out of place. The game throws heartwarming stories of finding gifts for orphans even as you gun down dozens of policemen in your attempts to escape them. It’s a story trying to talk about struggle and hardship even as you mow down gangsters by the dozen. It feels like a parody that’s trying too hard, and that ends up with the game feeling hollow. Its humor misses its intentions, and the characterizations of its characters are just not enjoyable.

Of course, this can all be forgiven if the gameplay is immersive, and to its credit, there are a few stand-up things that help keep Saints Row 2022 somewhat enjoyable. The gunplay, for instance, has become more nuanced. It tries to be tactical when it can, addressing enemies that try to swarm and overwhelm you with sheer numbers. While you can stand up to their gunfire, you have to be a bit more careful in how you deal with them, as certain enemies are more dangerous and become high-priority targets. This leads to a pretty brisk pace during combat, forcing you to choose your targets wisely and take down your enemies in order of priority. Finishing moves can be done on some enemies, with the combat flowing around you taking down enemies one by one, doing your fancy stuff when you can, and relying on your arsenal of pistols, sub-machine guns, and rifles to finish the rest of them off. It all feels pretty weighty, and while it’s about what you’d expect from the genre, in theory, this does hold up well if the pacing of its encounters is finely tuned.

The problem that rears its ugly head comes in implementation. While the gunplay in Saints Row 2022 is enjoyable, if somewhat safe, in design, there are just way too many bugs to really find a proper time to enjoy it. Some of it can be visual issues, with annoying pop-in textures in the world or enemies’ life bars flashing alternate colors. These are unfortunate but forgivable, and had the game stopped at minor details like cars appearing and disappearing in view, then the issues would stop there. The problem is, it doesn’t, and often escalates into game-breaking concerns that just stop all progress. At the time of review, there were quite a few that negatively impacted the enjoyment level. From missions failing to continue due to triggers not happening, to zoom-in bugs that required a full console restart to get rid of, Saints Row 2022 was just a mess to behold. It was hard to enjoy. There were reload animations that refused to stop, enemies that needed to be killed but didn’t spawn in the mission zone, and glitches galore that made some mandatory sequences unplayable. It’s just a mess of issues that detract from the overall enjoyment, and these are impossible to ignore.

It’s actually a shame. There are parts of Saints Row 2022 that genuinely entertain and come in line with the series’ humor. The Insurance Fraud minigame where you have to throw yourself at cars is still pretty enjoyable. Driving around the city, even with its slippery controls, brings the right sense of scale into the world, and while the characters are dreadful, the moment-to-moment excitement you can have by causing mayhem is still present — at least when the bugs aren’t rearing their ugly heads.

It’s just too bad that the bugs in Saints Row 2022 rear their ugly head time and again. It’s difficult to ignore issues that need constant restarts and mission repeats and failures to get past. Saints Row 2022 is a mess, but not because its foundation is weak. After all, you can make jokes about anything given enough talent, and the writing, with a little more nuance, might’ve been saved had a little more time been put into it. Technical issues could have been fixed prior to release, with problematic missions redesigned and retooled to flow better and actually function. However, the number of bugs present provides food for thought on just how much quality assurance actually went into ironing out the issues. Perhaps some more time and development could have saved the game and made it fun, because when it works, it’s fine. It just doesn’t work very often.

As it is, Saints Row 2022 is filled with game-breaking bugs that stop your progress. It rightly tries to echo the series’ best parts, but it fails so spectacularly that it’s just sad to go through. Perhaps with enough time and given enough updates, it can deliver sustained enjoyment.

THE GOOD:

• Still has some enjoyable minigames

• Decent combat and gunplay

THE BAD:

• Feels unfinished, with game-breaking bugs that make it hard to enjoy

• Very annoying characters that are hard to empathize with

• Mundane and too safe for its own good during the times it does actually work

RATING: 6/10

POSTSCRIPT: If you saw the trailers, you wouldn’t expect the version of Digimon Survive that hit store shelves. The promise was an experience similar to a Fire Emblem game: a decent story, some enjoyable tactical gameplay, and a few memorable moments and characters to treasure. Reality has turned out to be much different, but in an extremely positive way.

While Digimon Survive does aim to blend a good mix of its storytelling with solid tactical gameplay, it manages to stand out because of the way it presents its concepts. Its dark themes stand in contrast to the typically cheerful look and style of Digimon’s animé roots, and the way the game lays its story out provides a solid sense of mystery and urgency that allows it to punch far above its weight. While it does have its flaws, this mix of visual novel/turn-based role-playing game puts its best foot forward when you look at what it offers.

In Digimon Survive, you’re thrust into the shoes of a handful of students who now find themselves lost in another world. Their only defense against the wilds are their Digimon partners. Stuck in this alien land, they must look for any possible way to escape, and steel themselves into making hard choices if it means their overall survival. New friends and enemies lie in wait around every corner, and with every new opponent they face, they run the risk of losing old friends in the challenges ahead.

This sense of loss is a very real concept that Digimon Survive takes to heart. The choices you make during the game’s visual novel segments have a huge impact on how things play out. From swaying stray Digimon to fight by your side to permanently losing access to companions, your decisions have consequences, and each choice pushes you down one of three separate routes. It’s a simple visual novel system that’s given real weight by adding tangible consequences you can see firsthand. While a golden route does exist where you keep everyone alive, your first run will not be so lucky, and you will end up losing some of them. This dark tone of losing companions is what keeps the story’s tension high, as the impact of your choices can end up with you losing characters you actually like.

Needless to say, the type of action-reaction gameplay loop featured in Digimon Survive works only because the visual novel segments are written very well. While you may be spending an hour or two just reading, the way characters are fleshed out and how concepts are introduced make for a very engaging narrative. The art style during these sequences is crisp and expressive, and the voicework for each character is done very well. The overall tone and mystery the story sets are engaging, and the activities you do with your friends genuinely feel like good world-building instead of padding. The different twists and turns the story takes also make for some exciting drama all the way through, and while some of them may feel predictable, they still feel like offshoots of a natural development of the plot. It is a story of exploration and survival done right, of how a bunch of kids in an unknown environment can survive the worst conditions. With no one but each other to rely on, they wind up banding together to try and survive, and it’s a plot beat done so well that it’s hard not to get engrossed.

To be sure, the visual novel segments aren’t the only standouts in Digimon Survive. Now and then to break the tension, you do also get the chance to flex your brain muscles and engage in some turn-based tactical combat. These are also pretty simple to get into, and anyone familiar with how TRPGs work will find Digimon Survive’s grid-based combat mechanics pretty simple to understand. With basic attacks to use and abilities that cost stamina points to perform, it’s an RPG system that’s as simple as they come. Mainly relying on exploiting elemental weaknesses, using status ailments, and recruiting new Digimon to fight with you, it’s not particularly unique, but it does the job it needs to do, and provides a good breather from just reading the whole way through. If anything, these combat sections are way too easy for what they’re designed to do, and they even come with their auto-battle system if you just need to wrap things up without really thinking. The battles you fight are never really challenging, and while you are free to play them whenever you please, they serve as minor distractions before the story segment starts.

This is basically how Digimon Survive goes from then on. You play an hour or two of the visual novel sections, make your choices, and learn more about the world. You explore your surroundings, meet new Digimon, and, occasionally, get into a minor battle or two. Once that’s done, you get into more story sequences and repeat the process all over again. This core design never wavers, and much of the game revolves around you falling in love with its themes. Its battles can be entertaining, yes, but its slower-paced sections are where its heart and soul really lie.

This leaves the typical gamer in a very conflicted position as to what to think of Digimon Survive. The story and what the writers have done with it deserve major props. Few visual novels are able to tackle this sense of loss or dread without the result feeling cheap or contrived. The different ways Digimon Survive’s characters are able to win gamers over show that a good story can very much keep a game afloat, and even make it enjoyable despite all the reading you have to do. That said, its tactical gameplay can leave gamers wanting, as it never feels quite enough to require focus. Its combat mechanics aren’t bad, but they lack the complexity and quality-of-life features that other visual novels and tactical RPGs (for example, Super Robot Wars) can bring. While you spend more time reading than strategizing, the battles you do fight are definitely among the game’s weaker parts.

If nothing else, Digimon Survive’s extremely high-quality narrative distinguishes it from the dregs of the genre. It boasts of a strong, engaging tale to read through, and whether you’re playing it on the PS2 or on your personal computer via Steam, if you’re just looking for a VN to bite down on, it has plenty on offer. Do know going in, however, that while it’s a fantastic VN, it’s a less-than-stellar tactical RPG, and anyone who picks it up with the hopes of being engaged in deep combat mechanics will be sorely disappointed.

If you’re looking for a new VN to read through, then Digimon Survive is a superb pickup. Even non-Digimon fans can find something to like, and while parts of the narrative may feel a little slow, the payoffs it gives out are more than worth the wait.

THE GOOD:

• Really compelling story to dive into

• Strong themes and writing style, with likeable characters caught in tense situations

• Decent amount of replay value, with three main routes available (and a fourth perfect-ending golden route to finish)

THE BAD:

• Combat segments aren’t nearly as entertaining as its story segments

• Story can be a little slow, especially at the start

• Highly dependent on how much you enjoy VNs, with little else to offer otherwise

RATING: 8/10

There’s a lot to say about The Origin: Blind Maid, and, sadly, not everything is positive. It looks fantastic for an independently produced release, sporting some nice monster designs and environmental feel that can suck you right in. However, while its visuals are good and its ambition makes for a lofty goal, it doesn’t manage to live up to the expectations it sets. What could’ve been an interesting if rough-around-the-edges game is mostly ruined by its lack of focus, and while it does have a good framework, the execution leaves a lot to be desired.

Creditably, The Origin: Blind Maid does quite a few things very well. Its opening premise is extremely engaging, with you knowing nothing except for the fact that you are being hunted. What story you do get comes in bits and pieces from notes and diaries scattered around in the environment, and when you read through them, they paint an interesting picture that will keep you moving forward in spite of the spooks and scares you may encounter. As you run through its different environments, the darkness and the lonely setting can really get to you. And if you play it at night, you may be even more immersed in its atmosphere. Should the game manage to suck you in, you’ll find it to be pretty entertaining, even if it does have rough edges here and there.

As you traverse haunted places in The Origin: Blind Maid, you’ll be going through what are mostly the staples of the survival horror genre. Aside from finding helpful notes in the environment, you also have to scavenge for items and ammunition. Enemies haunt the local areas, but you can avoid them if you’re quiet, or gun them down if needed. It’s a simple but effective formula, and it helps keep the tension high especially when you can’t properly see where your enemies are lurking around. Do you risk skulking around and getting found out and attacked, or do you walk more openly so you can engage at a safe distance knowing that you’re wasting precious ammunition but not getting hurt in return? It’s the classic survival horror formula at its finest, with the story keeping you on your toes, and the threat of monsters ever present no matter where you go.

The trouble comes when you realize these concepts are akin to templates that The Origin: Blind Maid tries to follow, and that their actual execution varies greatly from its intentions. Even when it tries its hardest, it often ends up feeling unpolished and tedious. Take the game’s combat, for instance. In theory, it would be fast-paced and brutal, necessitating ammo management and a proper sense of risk-reward options. In practice, it appears to be only half-functional, with your weapons feeling weightless and lacking real impact. Enemies seem to vary from non-threatening and easy to take down to nigh invincible beasts you just have to avoid, and while it’s fine if that’s the case, the absence of any indication on which is which becomes damning. Bottom line, you are forced to guess, not quite the action the best titles in the genre aim to elicit from gamers. Exploration could’ve saved this concept, as the environments you traverse do look nice, but they also have their own quirks and flaws. The textures are detailed, but the level design lacks an attention to detail that should have made the gameplay flow well. Areas are either linear corridors or hallways to sprawling empty darkness where you move blindly from one level to another. The game lacks any cohesive sort of flow to it, as you’re often stumbling around in the dark, unaware of where you are or where you even need to go. While it does keep in theme with the idea of being lost, the actual gameplay ramifications just make it feel lacking any fun. Even when locations are engaging and are more thought out, they’re spaced between several minutes of frustrating meandering in the dark.

Rough as The Origin: Blind Maid is, if you can stomach the dead air, you do have at least some variety in what you can encounter. When you’re not fighting or dodging regular enemies, you have to be careful around the various bosses that stalk the levels. There’s some added variety in the puzzles you have to solve, and there are a few weapons to find and play with while you’re doing some standard chase sequences. Inventory management is pretty standard, but at least there’s a clear level of progression at work, with the game actually feeling like it’s building up to something. What’s more, the cutscenes hit pretty hard, as they’re not just entertaining to watch; they’re also rife with entertaining B-movie cheese and over-the-top voice acting.

Even then, The Origin: Blind Maid is hard to recommend because its few bright spots are spread so thin. There are also the various bugs and control issues to keep in mind. Save files sometimes have trouble loading, and while the controls work, there’s a sense of sluggishness and non-responsiveness that doesn’t feel right in contrast to far snappier, more responsive games. Enemies can look janky, environments can appear blurry, text can be unreadable in the dark, and the overall fidelity of the game just feels out of whack, especially when poorly developed models stand in stark contrast to the generally good visuals. While patches have been put out to address these bugs, not all have been solved, and it’s this cavalcade of minor issues that really stops an already slow-to-start game hard in its tracks.

It’s obvious that a lot of time, effort, and passion have gone into the making of The Origin: Blind Maid. That said, some games are just not fun to negotiate, and sadly, The Origin: Blind Maid is one such game. While it has its moments, they’re fleeting at best, and what remains is a well-meaning survival horror title that tries its best, but never quite manages to become what it wants to be.

THE GOOD:

• Nice visuals, especially during the few times it does actually get to show off its lighting

• Decent mix of concepts of crafting, combat, and exploration, survival-horror style

• Good narrative that keeps the game interesting and the player guessing

THE BAD:

• Concepts are good in theory, but just not fun to play, with the gameplay feeling neither impactful nor weighty

• Environments are good textually, but they have a bad flow to them, often leaving you confused and lost

• Feels unpolished and unfinished

RATING: 6/10

THE LAST WORD: We Are Football, a football management simulation by Germany-based Winning Streak Games and published by THQ Nordic, has just released new downloadable content that adds international competitions such as the European and World Championships to the game, along with many other features around these events. Before starting a new game, you can choose to become the coach of one more than 90 national men and women’s teams. To celebrate the launch of the new National Teams DLC, the core game has been made available at a 60% discount. There is likewise a bundle discount on offer. Note, though, that you will not be able to continue your current playthrough if you wish to access the DLC.

Neptunia Sisters VS Sisters, the latest action RPG from the popular series, will be released on January 24, 2023 for the PS4, PS5, and PC via Steam. Two variants will be on tap: the Standard Edition and the Deluxe Edition (which includes, apart from the game, a swimsuit costume set, the digital artbook, the original soundtrack and soundtrack art, and four avatars for the consoles and wallpapers for the PC). In Neptunia: Sisters VS Sisters, you get to play as any of the Goddess Candidates, led by Nepgear, who awaken from a two-year-long slumber to a Gamindustri that has been upended by the treacherous Trendi Phenomenon. During the time they had been sleeping, citizens of Gamindustri, unable to leave their homes in fear of monsters lurking outside, turned to using a new device called the rPhone as their main method of communication.

Megawide says court affirms dismissal of anti-dummy case

MEGAWIDE Construction Corp. announced on Thursday that it received a court order denying the Lapu-Lapu City prosecutor’s motion for reconsideration in the anti-dummy law violation case filed against the company’s officials.

The order, dated Sept. 27, was issued by the Regional Trial Court of Lapu-Lapu City, Branch 53, Megawide said in a statement. The order also “confirms the dismissal of the case,” the company added.

The case was filed against some officials of Megawide in their capacity as directors of GMR Megawide Cebu Airport Corp. (GMCAC), operator of Mactan-Cebu International Airport (MCIA).

Megawide officials involved in the case are Edgar B. Saavedra, chairman of the board of directors, chief executive officer, and president; Manuel Louie B. Ferrer, vice-chairman of the board and executive director for infrastructure development; Oliver Y. Tan, director; and Jez G. Dela Cruz, vice-president for corporate finance and planning.

According to the company, the order affirmed that Republic Act (RA) No. 11659, which amends the Public Service Act, excludes airports from the list of what is classified as a public utility; “thereby, removing the applicability of the nationality requirement to GMCAC in operating the Mactan-Cebu International Airport.”

“The order also stated that applying RA No. 11659 retroactively has removed any criminal liability that was wrongfully attached to the Megawide respondents. Given that RA No. 11659 is beneficial to the accused, the order emphasized that its retroactive application is warranted,” it added.

At the same time, the company announced that it also received a certificate of finality from the court “certifying that the order was issued and declaring that the order has become final and executory on  Oct. 14, 2022.” — Arjay L. Balinbin

Stuff to do (11/18/22)


The International Bazaar returns

AFTER being postponed for the past two years because of the COVID-19 pandemic, the International Bazaar returns on Sunday, Nov. 20, from 9 a.m. to 7 p.m., at Hall A of the World Trade Center in Pasay City. The bazaar will include national booths offering each participating country’s specialties, and local companies selling clothes, gift items, and food.


Comic Mitch Valdes holds show

ACTRESS, singer, and comedian Mitch Valdes will show off her stuff in Mitch You Like Crazy on Nov. 19 at Teatrino in Greenhills, San Juan City. With special participation of the AMP band, the show is directed by Floy Quintos, with musical direction by Mel Villena. Tickets available at TicketWorld (https://premier.ticketworld.com.ph/shows/show.aspx?sh=MITCHYLC22).


Celebrities hold car boot sale

A CAR Boot Sale: Celebrity Edition will be held at the Mayflower Parking Lot of the Greenfield District in Mandaluyong on Nov. 18-20, from 4 p.m. to midnight. This special event is in celebration of the Food Truck Fest’s 1st anniversary and will feature celebrities selling second-hand items, baked goods, frozen food, knick-knacks, and more right from the trunks of their cars. The Food Truck Fest is open from Monday to Thursday from noon until 10 p.m., and Friday to Sunday from noon until midnight. Meanwhile, at the Greenfield District Central Park, the Greenfield Weekend Market is open every Saturday and the Sunset Fair is open every Sunday from 3 p.m. to midnight. Aside from shopping, visitors can take photos inside a bazaar filled with colorful Christmas decorations.


Take a breather at the Palmolive Naturals Positivity Hub

TAKE a much-needed break at The Palmolive Naturals Positivity Hub on Nov. 18-20 at the Market! Market! Activity Center in Taguig City. Visitors can learn about the Palmolive Naturals hair and skin care products that suit them at the Nature Display, then try and experience the products first-hand at the Refresh Studio. Visitors can take selfies at the Buhay na Buhay Reel Area, and write about their troubles and hopes at the Voice Your Positivity area where they can leave those bad vibes in the Negativity drop box. They can also take selfies with Palmolive endorsers — Zephanie Dimaranan and Cassy Legaspi on Day 1, Angelina Cruz and Julia Montes on Day 2, and Jayda Avanzado on Day 3. At the Palmolive Seeds Hope Corner, guests can give a contribution to the coconut tree planting project by Palmolive, in collaboration with HOPE which benefit farmers in General Santos City, Mindanao. Visitors have a chance to take home a Palmolive Naturals Gift Pack.


The 10th QCinema launches this weekend

THE QCINEMA International Film Festival is being held from Nov. 17 to 26. Screenings in theaters will be held at Gateway, Trinoma, Powerplant, Cinema 76, and SM North EDSA. Meanwhile, online screenings will be held in partnership with VivaMax and will run from Nov. 22 to 26. Ticket prices for theatrical screenings are P300 while online tickets are P299. Details about in10City, QCinema’s 10th anniversary presentation, backgrounds on the participating movies, and screening schedules are available at qcinema.ph and updates are posted at its social media accounts — www.facebook.com/QCinemaPH, twitter.com/QCinemaPH, and www.instagram.com/qcinemaph. To register for a festival pass, visit https://qcinema.ph/festival-pass/?fbclid=IwAR3EDPU8RvPczDAapfWp9OBf38eJv59rqYIxba34akSBAS7m0XZ1N3MmrkM. 


The Hybrid National Trade Fair (HNTF)

THE DTI-Bureau of Domestic Trade Promotion (DTI-BDTP), in close coordination with the DTI- Regional Operations Group, will once again mount the Hybrid National Trade Fair (HNTF) to be held on Nov. 16 to 20 at Megatrade Halls 1-3, SM Megamall in Mandaluyong City. The HNTF is part of a series of national fairs conducted annually by the BDTP. It will showcase the best products of more than 250 MSMEs in a traditional fair and 200 digital participants on the Lazada’s e-commerce platform. The five-day order-taking, business matching and retail event will focus on green, sustainable and eco-friendly products, MSMEs with new products or new packaging, sustainable or green packaging, vegan and plant-based food products. The fair will also put the spotlight on the Sustainability Pavilion featuring Bamboo, National Arts and Crafts Fair Special Showcase, KAPEtirya (Philippine Coffee Pavilion), RAPID Growth Project Special Setting, Coconut Pavilion by the Philippine Coconut Authority, Green Holiday Special Setting by the Philippine Homestyle and Holiday Décor Association, The Green Station, Hygiene and Sanitation Stations and FlexPHridays. Come and discover new products as well as revive business relationships with old suppliers. Fair hours are from 10 a.m. to 9 p.m. Register at https://bit.ly/2022HNTFRegistrationForm. For more information on the 2022 Hybrid National Trade Fair and other programs of the DTI-Bureau of Domestic Trade Promotion, please follow their social media accounts on Facebook (DTI.BDTP), Instagram (dti.bdtp), and Twitter (@DTI_BDTP), or email BDTP at bdtp@dti.gov.ph.


Hybrid National Trade Fair kicks off holiday shopping season

THE 2022 Hybrid National Trade Fair kicks off the festive holiday shopping season on November 16-20 at the Megatrade Halls 1-3, SM Megamall in Mandaluyong City. The five-day event is organized by the Department of Trade and Industry – Bureau of Domestic Trade Promotion in partnership with the DTI Regional Operations Group, the Design Center of the Philippines, and the National Bamboo Industry Cluster. Themed “Go Green! Go Local!,” the trade fair features green, sustainable, and eco-friendly products as well as artisanal and heritage crafts. Exhibitors from the country’s 16 regions, and serves as a showcase of indigenous products and raw materials, handcrafted and handwoven products, furniture and home decor made from sustainable materials, unique and eco-friendly packaging materials, as well as health and wellness products. There will also be a selection of fresh produce, processed food and beverages, and native delicacies. The 2022 Hybrid National Trade Fair will be the first physical edition in over two years. There will be a parallel digital National Trade Fair Mall on Lazada at the same time as the physical event. For fair-goers who wish to enjoy the face-to-face shopping experience, the trade fair will have hygiene stations with hand sanitizers at strategic locations. Everyone is still expected to wear a mask at all times and to maintain social distancing.


North Luzon Travel Fair at Megamall

IN A bid to boost tourism, the Department of Tourism (DoT) is staging the first North Luzon Travel Fair from Nov. 18 to 20 at the SMX Convention Center in Clark, Pampanga. With the theme “Weaving Our Way to Recovery,” the North Luzon Travel Fair is a one-stop-shop for industry collaboration, showcasing domestic tourism destinations, products, services, delicacies, gifts and pasalubong items, as well as cultural presentations from the northern side of the Philippines. The three-day event will gather some 100 exhibitors and 30 sellers. Participants range from airlines, health and wellness facilities, hotel and leisure facilities, theme parks and amusement centers, to travel and tour operators and providers, tourism boards, and Kapampangan food concessionaires, among others.


Dulaang UP’s The Reconciliation Dinner

THE STAGE is set for Dulaang UP’s 45th Theatre Season opener, The Reconciliation Dinner, a new one-act play by Floy Quintos and directed by Dexter M. Santos. The play is a dark comedy about friends trying to heal unspoken hurts, suspicions, disbelief about the choices of those they thought they knew well. In light of the 2022 elections, how well do we really know those we hold dear? And how far are we willing to go to overlook the choices they make? The cast is led by Stella Cañete-Mendoza and Frances Makil-Ignacio. They are joined by Randy Medel Villarama, Jojo Cayabyab, Nelsito Gomez, Hariette Mozelle, and Phi Palmos. This is Messrs. Quintos and Santos’ sixth theater collaboration, having worked together on The Kundiman Party, Angry Christ, Ang Huling Lagda ni Apolinario Mabini, Ang Nawalang Kapatid, and Collection. The Reconciliation Dinner runs from Nov. 18 to 20 at the UP Theater Main Hall Stage, UP Diliman, Quezon City. Tickets are available via Ticket2Me (https://ticket2me.net/e/36022). The production will also have a limited video-on-demand release via Ticket2Me. For ticket inquiries e-mail dulaangup.upd@up.edu.ph or message the Facebook page Dulaang Unibersidad ng Pilipinas (DUP Official Page).


The Future of Libraries discussed in seminar

INSTITUTO Cervantes de Manila will hold a seminar titled “The Future of Libraries” on Nov. 19 at its center in Intramuros (Calle Real, Plaza San Luis, Intramuros, Manila). It will be composed of a lecture and a round table discussion. The lecture will be from 10 to 11:30 a.m. and the round table discussion will be from 1 to 2:30 p.m. Libraries have always had a respected role in society, being repositories of knowledge that have helped civilizations advance, and where people could enrich their minds and keep themselves entertained without the expectation of shelling out money for everything. Nowadays, however, libraries are faced with many challenges brought about the digitalization of information, the increasing number of diversions for the public, and the difficulties brought about by the pandemic. The seminar speaker is Carme Fenoll, Director of the Culture and Community Area of the library of the Universitat Politécnica de Catalunya. The round table discussion will have representatives from the National Library, the Miguel de Benavidez library of UST, the Ortigas Foundation, and the Aurelio Montinola Jr. library of Alliance Française. This event is open to all and is free of charge. Confirm attendance by sending an e-mail to cenmni@cervantes.es.


Joseph the Dreamer returns for a limited run

TRUMPET’S musical Joseph the Dreamer returns, with performances until Nov. 27 at the Maybank Performing Arts Theater, BGC Arts Center, Taguig. The musical tells the Biblical story of Joseph, who brought the Jews into Egypt. Written by Freddie Santos, the musical is based on Cam Floria’s cantata entitled Dreamer: What Really Happened to Joseph. This production is a re-imagined version directed by Paolo Valenciano, featuring updated musical arrangements by Myke Salomon as well as an updated script. For tickets visit, https://premier.ticketworld.com.ph/shows/show.aspx?sh=JOSEPH22&utm_source=Facebook&utm_medium=posts&utm_campaign=JTD.


Festival of Lights returns to Ayala Triangle

AFTER running virtual editions of the Festival of Lights to continue the tradition while ensuring safety during the pandemic, the family Christmas tradition is back live and on-site at the Ayala Triangle Gardens (ATG), Makati Ave. corner Ayala Ave.  in Makati. The Light Show’s intro video — following the idea of “The Christmas Lights Factory” — suggests that Santa and the elves are working hard to bring the Light Show back. Projected on the canopy façade, the video shows the elves as they prepare the Christmas lights machine to work. The elves pick these up and transport each element from the screen to the trees surrounding ATG. It ends with Santa switching everything on, ready for the Light Show. Director Ohm David and Lighting Designer Sueyen Austero conceptualized this year’s presentation. As Christmas tunes play, visuals will be projected on the trees around ATG, which include indigenous patterns to tell the story of creation, stars, halos, parols, and much more. Accompanying the light show are three holiday medleys: an orchestral rendition headed by the Manila Symphony Orchestra, an upbeat TikTok rendition arranged by Jazz Nicolas and Mikey Amistoso in collaboration with Tris Suguitan, and a soothing chorale rendition by Jazz Nicolas and Mikey Amistoso. The Festival of Lights at Ayala Triangle Gardens runs nightly until Jan. 8. The show plays every hour, from 6 to 10 p.m.


Anytime Fitness offers 20% discount

ANYTIME Fitness offers help getting ready for the upcoming holiday season and beyond with its 11.11 Membership sale. Get a new Anytime Fitness membership at 20% off until Nov. 25. As an added bonus, new members get a fully charged key fob for P2,500 to get quick access to the branch of their choice. The discounted membership is good for one year and the member will have the option to pay for it for one year or monthly. The 11.11 Membership sale can also be availed online via anytimefitness247.ph.

What to see This Week (11/18/22)


Mahal Kita, Beksman

MAKEUP artist and fashion designer Dali deals with his family’s frustration when they find out that he – whom they all assumed was gay — is courting a woman. Directed by Percival M. Intalan, the film stars Christian Bables, Keempee de Leon, Iana Bernardez, and Katya Santos.

MTRCB Rating: PG


The Menu

A COUPLE travels to a coastal island to eat at an exclusive restaurant where the chef has prepared a lavish menu, with some shocking surprises. Directed by Mark Mylod, the film stars Ralph Fiennes, Anya Taylor-Joy, and Nicholas Hoult. Empire’s Siddhant Adlakha writes, “The film’s metamorphosis from measured mystery to horror-comedy comes courtesy of violent accelerations, which arrive suddenly, and often hilariously. The presentation is pristine, akin to a straightforward prestige drama, which yields an amusing disconnect with the mounting absurdities.” Film review aggregate site Rotten Tomatoes’ Tomatometer gives it a score of 89%.

MTRCB Rating: R-13


Prey for the Devil 

IN RESPONSE to a global rise in demonic possessions, the Catholic Church reopens exorcism schools to train priests in the Rite of Exorcism. On this spiritual battlefield, an unlikely warrior rises — a young nun, Sister Ann. Thrust onto the spiritual frontline with fellow student Father Dante, Sister Ann finds herself in a battle for the soul of a young girl and soon realizes the Devil has her right where he wants her. Directed by Daniel Stamm, the film stars Christian Navarro, Jacqueline Byers, and Colin Salmon. Variety’s Dennis Harvey writes, “Demonic possession is no longer a mind-blowing aberration, but an accepted path to familiar jump scares and fantasy FX. There’s no whiff of originality here, nor any sincerity that runs deeper than instructing the actors not to kid the material.” Film review aggregate site Rotten Tomatoes gives it a Tomatometer score of 17% and an audience score of 68%.

MTRCB Rating: R-13

Solar Philippines secures over 2,000 hectares for its solar farm projects

ZBYNEK BURIVAL—UNSPLASH

SOLAR PHILIPPINES Power Project Holdings, Inc. has secured more than 2,000 hectares for its planned 3.5-gigawatts (GW) of solar farms in Nueva Ecija and Bulacan.

In a media release, Solar Philippines unit SP New Energy Corp. (SPNEC) said proceeds from its stocks rights offering (SRO) would be used to acquire land for the solar farms.

“Since our SRO, we have prioritized the execution of the project that we see has the highest value. After we perfect the documentation for these hundreds of parcels and then conversion, this land would be ready for a solar project. Our focus now is to realize the value from this, and we will provide further updates at the appropriate time,” said Leandro L. Leviste, founder and chief executive officer of Solar Philippines.

Solar Philippines said that with more than 2,000 hectares of secured properties, it would exceed the capacity of the largest solar farm in India, which it placed at 2.2 GW.

It added that it could “exceed the capacity of the total grid-connected solar operating in the Philippines according to the Department of Energy’s latest figures as of August 2022.”

The group’s projects include a joint venture between Solar Philippines and Manila Electric Co. (Meralco); a partnership with Terra Solar Philippines, Inc. that will supply 850 megawatts of Meralco’s mid-merit requirement; a 3.5-GW solar farm, and a 4.5-GW-hour battery storage project in Nueva Ecija and Bulacan.

On Thursday, shares in SPNEC closed 4.8% higher to end at P1.31 apiece. — Ashley Erika O. Jose