May inflation sizzles to 3-1/2-year high

June 8, 2022 | 12:34 am

shopper-grocery — A couple shops at a supermarket in Makati City. — PHILIPPINE STAR/ RUSSELL PALMA

INFLATION QUICKENED in May to its highest level in three and a half years, fueled by soaring food and transport costs, the statistics agency said on Tuesday.

The overall prices of consumer goods and services accelerated by 5.4% year on year in May, faster than the 4.9% in April and 4.1% a year ago, preliminary data from the Philippine Statistics Authority (PSA) showed.

This matched the median estimate in a BusinessWorld poll conducted late last week. It also hit the midpoint of the 5-5.8% forecast range given by the Bangko Sentral ng Pilipinas (BSP) for the month.

It was the second straight month that inflation zoomed past the central bank’s 2-4% target band.

The inflation print in May was the fastest pace in 42 months or since the 6.1% year-on-year growth logged in November 2018.

“The inflation path continues to be driven primarily by supply-side factors amid volatile global commodity prices. Supply chain disruptions could also contribute to inflationary pressures, and thus warrant closer monitoring to enable timely intervention to arrest emergence of further second-round effects,” BSP Governor Benjamin E. Diokno said in a statement.

Month on month, consumer prices went up by 0.4%. However, it increased by 0.5% on a seasonally adjusted month-on-month basis.

Inflation has averaged 4.1% annually so far this year, still lower than the revised 4.6% forecast by the central bank.

At a press briefing on Tuesday, National Statistician Claire Dennis S. Mapa said the May inflation print was driven by the rise in the prices of food and non-alcoholic beverages, utilities, and transport.

Prices of the heavily weighted food and non-alcoholic beverages jumped by 4.9% year on year in May, fueled by the 15.2% increase in vegetables, tubers, etc. and 6.2% jump in fish and seafood.

“We saw (in April) that the increase in transport costs was having a spillover effect on the food basket. This month, we have seen there is now a big effect,” Mr. Mapa said in Filipino, adding that they have not seen any supply issues.

Mr. Mapa also pointed out that rice inflation has been well managed. Inflation for rice dropped by 0.3% in the National Capital Region (NCR), and increased by 1.8% in areas outside the NCR.

Transport costs likewise climbed by 14.6% in May, as pump prices continued to climb amid volatility in the global market. Gasoline rose by 47.2%, while diesel surged by 86.2%.

The ongoing Russia-Ukraine war has pushed prices of oil above $100 per barrel amid concerns over supply. Russia is the world’s second-largest supplier of crude oil. Since the start of the year, the prices of gasoline, diesel and kerosene have gone up by P23.85, P30.30, and P27.65 per liter, respectively, according to the Energy department.

Housing, water, electricity, gas, and other fuels rose by 6.5% in May, easing from 6.9% in April but higher than 1.7% a year ago. Major contributors to this segment were electricity (17.6% in May from 19.5% in April), and liquefied petroleum gas (33.7% from 33.4%).

The food-alone index showed an increase of 5.2% in May, higher than the 4% in the preceding month and 3.7% from a year ago.

Meanwhile, inflation as experienced by the poor households jumped 4.3% in May from 3.8% in April. However, it was lower than 4.5% in May last year.

“The balance of risks to the inflation outlook now leans toward the upside for both 2022 and 2023. The upside pressures emanate from the potential impact of higher oil prices, including on transport fares, as well as the continued shortage in domestic pork and fish supply. Meanwhile, downside risks are linked mainly to the potential impact of a weaker-than-expected global economic recovery,” BSP’s Mr. Diokno said.

Bank of the Philippine Islands Lead Economist Emilio S. Neri, Jr. attributed the faster inflation rate to the rising prices in food and transport.

“Food and transport were the main contributors to the uptick which means second-round effects of higher oil, corn, wheat and fertilizer prices are starting to kick in. And with minimum wages set to rise, more second-round effects are expected to kick in the coming months,” he said in an e-mail interview.

The Labor department said a minimum wage increase ranging from P30 to P110 will be implemented in 14 regions starting this month.

“The strength of Philippine economic growth and demand indicators disproves that this inflation episode is purely supply-side driven,” Mr. Neri said, noting the need to hike more aggressively to combat inflationary expectations.

The National Economic and Development Authority (NEDA) said the extension of an executive order that lowers tariff rates for rice and pork imports, as well as cuts tariffs on corn will help ease global inflationary pressures. Executive Order (EO) No. 171 also temporarily removed the 7% duty on coal imports, in a bid to lower electricity prices.

Mr. Diokno said the central bank will continue to review the inflation and growth outlook ahead of the June 23 policy meeting.

“The pace and timing of any further monetary policy actions by the BSP shall be guided by data outcomes, in keeping with the BSP’s price and financial stability objectives,” Mr. Diokno said.

The Monetary Board hiked benchmark interest rates for the first time since 2018 by 25 basis points (bps) on May 19 to quell rising inflationary pressures.

“[The central bank] may have to actually hike (rates) more to avoid a sharper weakening of the peso which, in turn, will cause inflation to accelerate further,” Mr. Neri said.

ING Bank N.V. Manila Senior Economist Nicholas Antonio T. Mapa said he expects BSP to continue to hike at the next few meetings “to get ahead of the curve.”

He said inflation will likely be elevated for the rest of the year, accelerating to a high of 6.8% in the fourth quarter and averaging 4.8% for the year.

“Given this outlook, a 25-bp hike is fully expected while a more forceful 50 bps may actually be necessary to get ahead of the curve,” Mr. Mapa said.

Mr. Neri projects inflation to settle above 4.5% this year, “more so if the conflict in Eastern Europe persists.”

In a note sent to reporters, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said another quarter-percentage-point hike would help temper rising inflation expectations as well as prevent inflation from spiraling. — MIUC

Marcos gov’t unlikely to suspend fuel tax

June 8, 2022 | 12:33 am

fuel-gas-station — Motorists start filling up gas at a station in Marikina City, June 6. — PHILIPPINE STAR/ WALTER BOLLOZOS

A SUSPENSION of the excise tax on fuel products is unlikely under the administration of President-elect Ferdinand R. Marcos, Jr., according to the incoming Finance chief.

Finance Secretary-designate Benjamin E. Diokno, who currently heads the Philippine central bank, said it would be unwise to suspend the excise tax on fuel products because reversing such a move would be “very difficult.”

“When you cut taxes on fuel, it will benefit everybody, the rich, the poor, the middle-income class,” he told CNN Philippines. “When there is a need to put it back, restore the cut because things have normalized, it’s very difficult to push such measures before Congress.”

“I think it’s a wrong move to cut taxes at this time.”

Mr. Diokno made the statement after fuel retailers on Tuesday raised the prices of gasoline, diesel and kerosene by P2.70, P6.55 and P5.45 per liter, respectively.

The current excise tax rate is P10 per liter for gasoline, P6 per liter for diesel, P5 per liter for kerosene, and P3 per liter for liquefied petroleum gas (LPG).

The Duterte administration had rejected calls to suspend excise taxes on fuel products despite the continued spike in oil prices. Instead, the government provided direct aid to the most vulnerable sectors.

Mr. Diokno said targeted assistance to jeepney drivers, farmers, and fisherfolk is “more efficient than cutting taxes” and that the next government “will continue that approach.”

However, some public utility drivers claimed they have yet to receive the P6,500 fuel subsidy promised by the government.

Mr. Diokno acknowledged that the delay in the distribution of the cash assistance is a “problem of implementation.”

“We’ll make sure implementation will be efficient and will be timely,” he said.

Mr. Marcos on Monday met with members of his economic team, including Mr. Diokno, incoming Budget chief Amenah Pangandaman, and incoming Socioeconomic Planning chief Arsenio M. Balisacan, among others.

Mr. Diokno said the economic team was tasked to prepare a medium-term fiscal plan for the next six years. “The first half will be a detailed fiscal plan,” he said, without giving details.

“The main goal is to reduce the [budget deficit] by the end of his term. We want to satisfy our plan to be an upper middle-income economy and reduce poverty by single digit.”

The government is targeting to bring down the budget deficit to 3% of gross domestic product (GDP) by 2028.

Meanwhile, Senator Mary Grace Natividad S. Poe-Llamanzares renewed her call for the suspension of excise tax on fuel and petroleum products until the global market normalizes, citing the possibility of a widespread transportation strike.

“The Executive department must alleviate the pain of our PUV (public utility vehicle) drivers and operators… While it is true that failure to meet our revenue targets may have adverse effects on our country, so could a transportation strike which can paralyze operations in key areas and cost us much more,” she said in a statement.

Senator Maria Imelda Josefa “Imee” R. Marcos said oil companies should increase the bioethanol content to keep pump prices low.

“While lawmakers are stuck in debate over a fuel excise tax suspension, increasing bioethanol content is the clear way forward to give some relief to consumers,” she said in a statement.

The Biofuels Act of 2006 requires oil companies to produce a gasoline blend with at least 10% bioethanol, but Ms. Marcos said the National Biofuels Board can recommend an increase in the minimum requirement, subject to the Energy department’s approval.

If bioethanol content is increased up to around 20% — the level safe for vehicle models as old as 2001, Ms. Marcos estimated that gasoline prices will drop by P3.60 per liter. — Kyle Aristophere T. Atienza and Alyssa Nicole O. Tan

Next central bank governor signals at least two rate hikes

June 8, 2022 | 12:32 am

FELIPE M. MEDALLA / COURTESY OF BANGKO SENTRAL NG PILIPINAS

THE PHILIPPINES will likely follow its interest-rate increase last month with at least two more hikes to curb inflation, according to the central bank’s incoming governor.

“It’s almost a sure thing to everyone that we will raise in June,” Felipe M. Medalla, a board member of the Bangko Sentral ng Pilipinas (BSP) who is set to take over from Benjamin E. Diokno as governor on July 1, said in an interview on Tuesday. There is a “90% chance there’s another one in August. The real question is: Is that the last one?”

He said the successive hikes will lift the benchmark rate to 2.75% from 2.25% now — a level seen reached by the end of third quarter in the median of forecasts compiled by Bloomberg. Increases beyond that will be data-dependent, Mr. Medalla said.

The BSP is scheduled to review policy settings on June 23 and subsequently on Aug. 18.

The peso fell by 0.2% to 52.95 per dollar, approaching the lowest since January 2019. Local stocks rose by 0.5%.

Mr. Medalla will take the helm at BSP as its rate hike cycle picks up speed to ride out the inflation wave sweeping the world. Consumer prices rose an annualized 5.4% in May, data released on Tuesday showed, the fastest in more than three years and well above the bank’s 2%-4% target.

The governor-designate also said the BSP need not move in lockstep with the US Federal Reserve, saying the nature of inflation in the Philippines is different from what the US is experiencing.

“Even if inflation is purely supply side, we are afraid there may be what we call second-round effects,” Mr. Medalla said in his first sit-down interview since accepting the nomination. Spillover inflation effects may materialize “if supply shocks are so prolonged.”

Second-round inflation has already materialized and the BSP wants to prevent a further buildup, Mr. Diokno said earlier on Tuesday after the latest inflation print. Both the incoming and outgoing BSP chiefs have signaled the need to tighten monetary policy after the lift-off in May. The policy prescription follows a clouded inflation outlook amid continued supply disruptions from Russia’s war in Ukraine that’s in its fourth month.

Philippines has among Southeast Asia’s quickest inflation. The peso slid last week to three-year low, potentially further fanning costs in a country that imports commodities from crude oil to wheat.

“Transmission of peso-dollar rate to inflation is quite low,” Mr. Medalla said, noting that the peso’s performance was better than the middle of the pack. He sees the Philippine economy growing at least 7% this year on the back of rejuvenated consumer spending as it recovers from the pandemic. — Bloomberg

Cebu Landmasters targets 21 projects worth P31.5B

June 8, 2022 | 12:08 am

PROPERTY developer Cebu Landmasters, Inc. (CLI) announced on Tuesday that it is planning 21 pipeline projects worth P31.5 billion.

“We are constantly getting better so that we can continue to scale up our performance and rise to the challenge of fulfilling all those housing demands, especially in VisMin (Visayas and Mindanao),” Chief Finance Officer Beauregard Grant L. Cheng said during the company’s annual stockholders meeting.

During the virtual event, he said that the company had set aside more than P13 billion for its 2022 capital spending to cover land acquisition and construction progress.

This year’s capital expenditure budget is 34.6% higher than last year’s P9.66 billion, and topped the P10.64 billion spent in 2018 when the company marked its first year of listing at the stock exchange.

“This (capital spending) will come in the form of more project launches across Visayas and Mindanao that will allow us to grow our topline and bottom line,” Mr. Cheng said.

He said the company had secured this year more funding facilities at longer tenors and at lower fixed rates.

Mr. Cheng said CLI is “confidently projecting” a 20% growth in revenues and net income to shareholders for 2022. He said financial results in the first quarter of the year indicate that the projections would be met.

In the first quarter, CLI posted P810.64 million in net income attributable to equity holders, 13.6% higher than the P713.83 million registered a year ago. It reported gross revenues of P3.65 billion, up 54% from P2.37 billion previously.

In 2021, the company reported that net income to shareholders surged by 42% to P2.61 billion. Consolidated revenues rose by 35% to P11.16 billion.

“Notwithstanding mobility restrictions and supply chain interruptions, our team achieved quick project turnarounds. Our construction activities stayed in full swing throughout 2021,” CLI Chairman and Chief Executive Jose R. Soberano III said in a statement.

“Our track record for delivering projects on time and our responsiveness to customer needs, thanks to digital innovations, allowed us to keep them satisfied and ready to endorse us to others,” he added.

Mr. Soberano said that CLI’s growth trajectory in 2022 will be supported by a land bank of 103 hectares valued at P12 billion.

“CLI will continue in 2022 to expand to new business segments, deepen our investments in the Visayas and Mindanao regions while strengthening internal systems to achieve its growth guidance of 20%,” Mr. Soberano said.

The company has said that its 22-hectare Davao Global Township (DGT) recently sold out the first three towers of its first residential project The East Village at DGT, with a fourth tower to be launched soon.

The planning and development of a 14.3-hectare property in Cagayan de Oro is also underway. It is planned to be a mixed-use university town.

CLI is also working on reclamation on the 100-hectare Minglanilla Techno Business Park in Cebu.

On Tuesday, CLI shares ended higher by 1.51% or four centavos to close at P2.69 at the stock exchange. — Luisa Maria Jacinta C. Jocson

North Star defers IPO on increased market volatility

June 8, 2022 | 12:07 am

NORTH Star Meat Merchants, Inc. announced on Tuesday that it is deferring its planned initial public offering (IPO) amid concerns about market volatility and inflationary pressures.

“While reception to the company and its plans has been positive, the company was constrained to defer the IPO due to increased market volatility amidst inflationary concerns,” the company said in a letter to the Philippine Stock Exchange (PSE). The letter was dated June 6 but made public on June 7.

North Star’s proposed listing would offer up to 392 million common shares, consisting of up to 360 million primary common shares and up to 32 million secondary common shares, with an overallotment option of up to 58 million secondary common shares.

The shares would have an offer price of up to P10 per share, bringing the IPO size to P4.5 billion.

According to the latest PSE advisory, the offer period was planned to run from June 13 to 17, with a tentative listing date on June 24.

The company said the deferral was made in consultation with BDO Capital & Investment Corp. and China Bank Capital Corp., its joint lead underwriters and joint bookrunners.

It also intends to proceed with its expansion plans with an adjusted timetable and funding source. The company earlier announced that proceeds from the offering will be used to expand its cold chain infrastructure, improve its operating cycle efficiencies and expand its product lines and research and development work.

“The company continues to believe in its growth prospects and hopes to be able to tap the capital markets in the future,” North Star said, adding that “we shall update the exchange of the company’s future plans with respect to the IPO at an appropriate time.”

North Star is a meat vendor and retailer. It operates 360 meat concessions nationwide, with a cold storage capacity of 8.09 million kilograms and a capacity to deliver up to 120,000 kilograms of meat daily. — Luisa Maria Jacinta C. Jocson

Buddha’s stories translated into Filipino

June 8, 2022 | 12:06 am

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WHEN the human king observes a monkey save his troop from an accident on the mango tree they were living in, the human king learns in the end to not only how to be king but to be a servant leader from then on — that is the moral of the story which listeners’ learn from “Ang Haring Matsing” (“The Monkey King”). It is just one of the stories from the Jataka Tales which is now available as a 12-episode podcast.

The podcast is a collaboration between the Embassy of India in Manila and Areté Ateneo in which the Jataka Tales have been translated into Filipino.

Among the oldest and best-known stories of Indian literature, the Jataka Tales consists of stories with each featuring the Buddha in different forms until he attains enlightenment. Each story ends with a profound teaching and a moral lesson.

THE PROJECT
In February 2021, the Embassy of India in Manila contacted the faculty of Areté Ateneo about producing the Jataka Tales.

“We do have a very strong relationship with lots of universities, but because Ateneo had strong capacities in terms of production, we got a lot of support,” Ambassador Shambhu S. Kumaran told BusinessWorld at the podcast’s launch on May 31 at the Doreen Theater at the Ateneo Art Gallery.

“We decided that we should do more work together for cultural understanding and academic exchanges,” Mr. Kumaran added.

Titled Kwentong Jataka, each of the 12 short podcasts narrates one of the Jataka Tales in Filipino. Among the stories included are Ang Jackal na Nagligtas sa Leon (The Jackal Who Saved the Lion) which talks about friendship and trust, Uling’ ni Impo (Granny’s Blackie) which focuses on dept of gratitude, and Ang Puso ng Matsing (The Heart of the Monkey) which highlights courage.

The project aims “to contribute towards making enriching supplementary learning resources accessible for young learners in the Philippines,” a press release stated.

The project was conceptualized and funded by the embassy while the translation of stories into Filipino, the development of illustrations, and the production of podcasts was carried out by faculty of Areté Ateneo and the Filipino Language Department of Ateneo de Manila University.

“As children, what really moved us are stories. Today, I heard echoes of what I heard when I grew up, and am delighted that hopefully hundreds of Filipino children will also hear the stories from another culture,” Mr. Kumaran said in his speech during the launch. “While we may be so varied in so many things, the human condition is similar.”

The project is a part of the Indian Embassy’s effort to encourage wide-ranging, people-oriented and forward-looking educational collaboration with Philippine entities.

The Kuwentong Jataka podcasts are available for free on the website and YouTube Channel of the Embassy of India, the website of Areté Ateneo, as well as on Spotify and Apple podcasts. — Michelle Anne P. Soliman

New management denies alleged violence in Okada Manila takeover

June 8, 2022 | 12:06 am

THE new management operating casino-hotel Okada Manila has denied allegations of violent takeover and kidnapping when it took over the establishment.

Its denial comes after criminal complaints were filed by members of the ousted board, as disclosed to reporters on Monday.

Vincent Lim, assistant vice-president for corporate marketing and communications of Okada Manila, said in an e-mailed statement late on Monday that the charges filed against the camp of Kazuo Okada and Antonio O. Cojuangco are “pure fabrication and have no legal basis whatsoever.”

“No violent incidents occurred during the enforcement of the status quo ante order (SQAO),” Mr. Lim said.

“This was further corroborated by Major General Val de Leon of the Philippine National Police (PNP) who reported that elements of the Parañaque Police were present during the enforcement of the SQAO for the sole purpose of ensuring that no untoward incidents would occur during the serving of the SQAO at Okada Manila,” he said.

He added that representatives of the Philippine Amusement and Gaming Corp. also witnessed what transpired.

The statement from Mr. Okada’s camp came after the ousted board of the Tiger Resort, Leisure and Entertainment, Inc. (TRLEI) filed complaints before the Department of Justice (DoJ) on June 6 against Mr. Okada, Mr. Cojuangco, and Dindo A. Espeleta, among others, citing the alleged “forceful takeover” of Okada Manila on May 31.

The complaints cited offenses such as grave coercion, unjust vexation, slight physical injuries, kidnapping and serious illegal detention.

In a press conference on June 6, the TRLEI camp claimed that Mr. Okada stormed the establishment on May 31, allegedly utilizing brute force and intimidation to “compel legitimate TRLEI officers to yield control over Okada Manila.”

On June 1, Mr. Okada’s camp issued a statement saying that the Philippines’ Supreme Court issued the SQAO in April, which determined Mr. Okada as the single representative of Tiger Resort Asia Ltd. (TRAL), which is the parent firm of Okada Manila’s operator TRLEI.

Hajime Tokuda, director of Universal Entertainment Corp., which owns TRLEI, cited kidnapping as one of the offenses committed by the camp of Mr. Okada in his complaint to the DoJ. Mr. Tokuda claimed that he was taken against his will, was brought to an unknown car, and was transported home.

In response, Mr. Lim said that no kidnapping happened during the takeover, saying that Mr. Tokuda was transported to his home for his safety.

“Nothing could be further from the truth as far as the kidnapping of Mr. Tokuda is concerned. There was no kidnapping to begin with. In compliance with the implementing guidelines of the SQAO, all officers of Tiger Resorts were requested to vacate the premises of Okada Manila in a peaceful and orderly manner,” Mr. Lim said.

“Mr. Tokuda was, for his own safety and peace of mind, transported to his place of residence during the enforcement of the SQAO. No untoward incidents were reported by the police who were present during the enforcement of the SQAO,” he added.

Sought for comment, TRLEI Legal Counsel Estrella C. Elamparo said in a Viber message that the videos that became viral on social media speak for themselves.

“The videos, many of which have become viral on social media, photos and medico-legal reports speak for themselves. In legal parlance, res ipsa loquitur. (The thing speaks for itself.) Videos and photos cannot lie,” Ms. Elamparo said.

“Moreover, the SQAO had no implementing guidelines. This claim is absurd as their claim on the absence of violence. Rather than respond to the serious criminal charges with lame denials, they should just save their energies for the preliminary investigation that will be conducted by the DoJ,” she added.

Further, Ms. Elamparo said that they are studying the possible legal liabilities of the other personalities involved, including the police.

“In the meantime, we request that the police authorities refrain from making any untruthful remarks that can be used against them,” Ms. Elamparo said. — Revin Mikhael D. Ochave

NLEX, San Miguel Beer excited ahead of PBA Season 47 debut

June 8, 2022 | 12:05 am

SanMiguel_PBA — SAN MIGUEL Beer starts its quest to return to the top against Phoenix Super LPG. — PBA IMAGES

By Olmin Leyba

WITH or without Kiefer Ravena, NLEX is pumped up to get going in the 2022 Philippine Basketball Association (PBA) Philippine Cup and build on the gains of its semifinal stint in the previous conference.

“We can’t wait to get started,” coach Yeng Guiao said ahead of the Road Warriors’ Season 47 debut game against Terrafirma on Wednesday at 3 p.m. at the Smart Araneta Coliseum.

“We’re totally excited and ready to compete. Everyone is healthy and looking forward to a fruitful conference. Our previous semis experience gives us a lot of hope and confidence.”

San Miguel Beer (SMB), owner of a five-peat but a letdown in the last two All-Filipinos, starts its quest to return to the top against Phoenix Super LPG at 6 p.m.

The Fuel Masters beefed up on Tuesday by acquiring Javee Mocon from Rain or Shine in exchange for Nick Demusis plus their first-round pick in Season 48 and second-round selection in Season 49.

Kevin Alas, JR Quinahan, Don Allado, and fit-again Calvin Oftana and Tony Semerad are tipped to lead the way for the Road Warriors, even as Mr. Ravena has yet to sign a contract for his comeback stint following a stint in Japan.

“Magaling sila, fluid ang opensa, kaya kailangan i-disrupt namin ang execution nila,” said Terrafirma John Cardel of their opening opponent NLEX.

Mr. Cardel’s troops led by Season 46 Most Improved Player Juami Tiongson, Joshua Munzon, Aldrech Ramos and Andreas Cahilig are bent on improving on their 11^th place standing in the Governors’ Cup.

Meanwhile, the Beermen open their campaign without Terrence Romeo (back injury) but still with a lethal crew led by June Mar Fajardo, CJ Perez, Vic Manuel, Marcio Lassiter, Chris Ross and recent trade acquisition Rob Herndon, from Converge.

“Over the past two seasons, we either weren’t able to make the finals or win a championship because of so many things that happened during the pandemic,” said SMB coach Leo Austria, whose team underwent some personnel shake-up last season, shipping out Arwind Santos and Alex Cabagnot.

“We had more time to prepare this time and figure out what’s wrong. Talagang may problema kami sa cohesion and chemistry (last year). We’re able to address that in the off-season.”

Mr. Mocon joins forces with Matthew Wright, Jason Perkins, Sean Anthony and RJ Jazul the Phoenix banner.

TMP launches Toyota Rush variant

June 8, 2022 | 12:05 am

TOYOTA Motor Philippines Corp. (TMP) has introduced the new Gazoo Racing Sport (GR-S) variant of its sub-compact sport utility vehicle (SUV) Toyota Rush.

TMP said in a statement distributed to the media late on Monday that the new GR-S variant will serve as the new top-of-the-line variant of the Toyota Rush, and is priced at P1.176 million. The new variant is already available in TMP’s 72 dealerships across the country.

According to TMP, the exterior of the Toyota Rush GR-S variant is styled with the official emblem and enhancements from the Toyota Gazoo Racing (TGR) line. The model is fitted with a GR-branded front bumper spoiler, rear bumper spoiler, and side body moulding.

The car manufacturer added that the new variant of the Toyota Rush comes in three TGR-matching colors, namely: dark red mica metallic, black metallic 1, and white 2.

“The Toyota Rush has been a preferred SUV for young people seeking to fully live their active lifestyle with a car that can keep up with their desire to break away from the everyday,” TMP First Vice-President for Vehicle Sales Operations Sherwin Chualim said.

“That is why it is very fitting that the Rush now comes with a GR-S variant that follows TGR’s philosophy of pushing the limits for better. For our customers, this means added thrill, excitement, and style in their everyday drives,” he added.

The Toyota Rush is powered by a gasoline engine with 4-speed automatic transmission. The features inside the vehicle include a smart entry functionality and a 7-inch display with Apple Carplay and Android Auto, and an 8-speaker audio system.

The vehicle is also equipped with standard safety and security functions such as anti-lock brake system, vehicle stability control, hill-start assist control, Toyota vehicle security system, a built-in camera, and back sonar. — Revin Mikhael D. Ochave

Arts & Culture (06/08/22)

June 8, 2022 | 12:05 am

thumbnail_Cornejo-1Before — RESTORATION of an old book

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Ortigas Library offers conservation services

THE ORTIGAS Foundation Library is offering conservation services for old maps, rare books, historical papers, family letters and documents at its new home at the McKinley Bldg. (above Unimart) at the Greenhills Shopping Center in San Juan. The Conservation team has over 15 years of experience in book and paper repair and restoration. The treatment services include removal of old repairs and tapes, surface cleaning, mending paper tears, foxing and stain reduction, reduction of creases, chemical cleaning to remove dirt and wash harmful acids, fumigation, and partial and full restoration. The services are reasonably priced and any income derived is for the continued operations of the library. For item assessment, send an e-mail at ortigasfoundation@ortigas.com.ph or message the library on its Facebook page. The library is open Mondays to Fridays from 8 a.m. to 5 p.m. The library can be contacted at 0977-728-5150 or 0947-426-1432.

Javier Galvan holds first exhibit

JAVIER Galvan, former Director of the Instituto Cervantes, is holding his first solo exhibition at the Leon Gallery International, under Derek Flores’ art management. The exhibit, “Otras Realidades” (“Other Realities”), consists of photographs and paintings. Galvan’s photographs are described by art critic Cid Reyes as “pure illusion of another reality, otherworldly, immaterial, sometimes ethereal and lyrical, but despite the ambiguity of the image, all are solid definition. In works that allude to specific places — like Cibeles, and Hogueras en St. Pierre — the eye can distinguish the avenue of evening lights in a European city and the illumination suggested by a blazing bonfire.” Meanwhile, Galvan’s cloud paintings are “strongly influenced by his friend Betsy Westendorp, who has now returned to her homeland Spain.” During Galvan’s term at the Instituto Cervantes, Westendorp donated a large painting of clouds to the Spanish cultural center. The exhibit is ongoing until June 20 at Leon Gallery, at the ground floor of the Corinthian Plaza, Paseo de Roxas., Legaspi Village, Makati, with proceeds benefiting the ANAK-tnk Foundation.

BenCab Museum opens 2 exhibits

THE BENCAB Museum in Baguio will be opening two exhibits on June 11: “Imprints,” featuring works by Leonard Aguinaldo, and “Binali 2,” featuring works by Sultan Mang-osan. “Imprints” will include woodcuts, rubber cuts, collages, and mixed media works by Aguinaldo. It will be on view until Aug. 7 at the museum’s Gallery Indigo. The works were created and inspired by the over two years spent under lockdown because of the COVID-19 pandemic. “The limited movement and confinement inside the house shut off the outside world where the only connection to the real world was the internet,” the artist wrote in a statement. “The anxiety brought about by these circumstances led to an inquest delving into an imaginative world hoping to find answers. The solace in the studio immensely enriched the conception of the works. Inspired by Cordillera motifs and healers’ wisdom, “Imprints” collates an alternative visual story of a virus outbreak.” The other exhibit, “Binali 2,” will run until July 11 at the museum’s Sepia Gallery. Sultan Mang-osan has been making pointillist figurative pen and ink drawings, including portraits of indigenous persons, since 2005. In 2015, Mang-osan began meticulously painting textiles, rattan objects and traditional musical instruments on canvas in an attempt to reclaim these objects from the valuations they are accorded as museum displays and souvenirs. The painted objects are rudimentary in forms and contours but are always intricate.

ARTablado opens branch in Rizal Province

THERE is something about a town, a city, or a particular piece of land that can make those who are receptive to inspiration live and breathe art. Such is the role of the Province of Rizal as the cradle of Philippine art, a haven for artists — with culture-driven areas such as Antipolo, Tanay, and Angono, as well as its lakeshore towns by the lip of Laguna Lake and mountain ranges that are waiting to be captured on canvas. Thus it is fitting that Robinsons Land ARTablado, which was established in Robinsons Galleria’s branch in 2020, puts up a base near the artistic source: Robinsons Place Antipolo. This makes the mall an ideal venue for Rizal-based artists who need a stage, a platform, a venue to share their talent, vision and fresh take on artistic expression. For its inaugural show, Robinsons Land ARTablado in Robinsons Place Antipolo presents “Sangkutsa: Ikalawang Yugto,” on view until June 15. After their successful run in ARTablado Robinsons Galleria with the Sangkutsa group exhibition from April 1 to 13, the members of Sining Rizal focus on the lifestyle and the cultural drive of people from the province of Rizal. The participating artists are: Bong Anore, Rey Punelas, Oiet Aramil, Jovito Andres, Berny Supsupin, Totong Francisco, Charlie Val, Jan Michael Ong, Ambhet Lugtu, Reggie Lim, Onak Limayo, Gerry Marasigan, Ding Jovellano, Jonalyn Montero, Jun Tiongco, Roger Fulgado, Bello Pasa, Jr., Roland delos Santos and Omer delos Santos. “Sangkutsa Ikalawang Yugto” is part of ARTablado’s “Rizal Series,” which runs until November. Other group exhibitions include: “Bigkis Singing Binangonan” from June 16 to 30; Grupo Sining Angono from July 1 to 15; Taytay Artists from July 16 to 30; Tanay Artists from Aug. 1 to 15; Brando Limon Bati and Adler Llagas (a two-man show) from Aug. 16 to 31; and Angono Ateliers Association from Sept. 1 to 15. Robinsons Land ARTablado is at the Upper Ground Floor, North Wing, Robinsons Place Antipolo.

Films on PH independence to be screened for free

IN COMMEMORATION of the Philippine Independence Day on June 12, a diverse collection of short and full-length films on the self-determination and sovereignty of the country will be screened for free on all Wednesdays of June. Starring the late award-winning actor and “King of Comedy” Dolphy, Markova: Comfort Gay (2000) is a historical comedy-drama that narrates the life of Walter Dempster, Jr., also known as Walterina Markova, the last surviving Filipino “comfort gay.” Written by Clodualdo Del Mundo, Jr. and directed by Gil M. Portes, the 97-minute biopic bares the hardships faced by the cross-dressing entertainers in the hands of the Imperial Japanese Army during the World War II. It will be screened on June 8. The other films to be shown are: A Rustling of Leaves: Inside the Philippine Revolution (1988) a 112-minute documentary by Canadian filmmaker Nettie Wild on June 15; Sentry (1988) by Filipino film director Mark Meily, is a six-minute short that provides a glimpse of the atrocities in a military camp through the eyes of a young soldier, will be shown on June 22; and, Bangsamoro: Isang Sulyap sa Kanilang Pakikibaka (2022) by filmmaker Milo Alto-Paz is a 12-minute collage of interrelated segments following the challenges of the 13 ethnolinguistic groups that comprise the Bangsamoro people, on June 29. Curated by the Museum of Contemporary Art and Design of the De La Salle-College of Saint Benilde, the free and public online screenings will be conducted via Zoom at noon on the scheduled dates. To register, e-mail mcad@benilde.edu.ph.

Film screenings at the CCP

IN COMMEMORATION of Pride Month 2022 and the 124^th Philippine Independence Day, the Cultural Center of the Philippines (CCP), through the CCP Film, Broadcast and New Media Division, presents a special CCP Arthouse Cinema screening of Eduardo Roy’s F#@*bois, Cha Roque’s My Mamily, and Vahn Leinard Pascual’s Blue Is Not My Favorite Color on June 10, 2 p.m., at the CCP Tanghalang Manuel Conde. Admission is free. To register, visit https://bit.ly/3zcwYW1 (limited slots only). To read the CCP’s New Normal Protocols, visit https://bit.ly/CCPHealthProtocols.

Aussie embassy honors Pinoy kid’s story against COVID-19

A CHILDREN’S story about COVID-19 and proper handwashing was lauded by the Australian Embassy during the 2022 Australia Alumni Excellence Award. Australian Ambassador to the Philippines Steven J. Robinson handed the Bayanihan Award to Boom Enriquez, author of the children’s story entitled In the Town of Kamayanan and the Legend of the Dancing Hands, during the awarding ceremony held at the Sofitel Philippine Plaza. The Bayanihan Award recognized his leadership, innovation and contributions in responding to the COVID-19 pandemic, “which have promoted recovery and fostered resilience in your immediate community as well as throughout the Philippines.” The story teaches children the importance of handwashing as a solution to COVID-19 pandemic through the tale featuring the fictional character of CoVully, who sowed chaos and fear in the town of Kamayanan and how he was defeated through the power of the “dancing hands” or proper washing of hands. Enriquez collaborated with the Itch Creatives company to produce the e-book. A recipient of the Australia Awards Scholarship in 2013, Enriquez finished his Master of Science in Public Policy and Management at Carnegie Mellon University with distinction. He is currently a Development Communications Consultant. Access to the e-book In the Town of Kamayanan and the Legend of the Dancing Hands is free at https://www.facebook.com/townofkamayanan.

VLF holds playwrights fair, fellows named

IN LINE with the return of the Virgin Labfest (VLF) onstage at the stage of the Tanghalang Huseng Batute of the Cultural Center of the Philippines (CCP) from June 16 to 26, the Playwright’s Fair also returns with a hybrid setup. There will be a series of talks with theater professionals on a range of topics including Playwrights in the Academe, Directors’ Takes on New Work by Playwrights, Writing Musicals, and many more. The fair will be led by Artistic Director, Rody Vera, with the CCP Intertextual Division. The talks will be held live at Tanghalang Manuel Conde on June 17, 18, 24, and 25, at 5 p.m. Online streaming is also available on CCP and VLF Official Facebook Pages from June 29 to July 3 at 7 and 8.30 p.m. Meanwhile, the CCP has announced the fellows accepted to the VLF17 Writing Fellowship Program which will take place online on June 14 – 26. They are: Wilfredo C. Alipala, Christian Antonio D. Castillo, Lauren Angela C. Chua, Bernardine B. De Belen, Adrian Carlo A. Fajardo, Mark Andy Pedere, Justin Myron R. Ramos, and Harvey R. Sallador. The VLF Writing Fellowship Program is a two-week mentorship program on the study and practice of dramatic writing for the stage. It is part of the Cultural Center’s desire to train young aspiring playwrights. The eight fellows will be mentored by playwright Glenn Sevilla Mas, and will be given access to all Virgin Labfest 17 plays. The Fellowship Program will conclude in a staged reading of the fellows’ works directed by Dennis Marasigan at the CCP on June 26, 5 p.m., and streamed online via the CCP Facebook page.

Araneta City uses AR technology to bring urban art to life

ARANETA City in Quezon City is using modern technology to create interactive murals and exhibits. At the activity area of Gateway Mall, visitors can enjoy the benefits of AR (Augmented Reality) technology at the “Binibining Pilipinas 2022 Glam Shot Photo Exhibit”. On view are seven-foot tall portraits of 40 Binibining Pilipinas candidates, but when visitors train their phones on the images, they will see the candidates come to life. To try out this AR experience, visitors must download the UniteAR app on their smartphones, open the AR camera on the app, and scan the QR code in any of the panels. From there, the images of the pageant contestants will spring to life. The “Binibining Pilipinas 2022 Glam Shot Photo Exhibit” at the Gateway Mall Activity Area is until June 11 and will be moved to other Araneta City malls like Farmers Plaza and Ali Mall in the days leading to the pageant’s Grand Coronation Night. Elsewhere in the commercial center, huge artworks and murals also get the AR treatment. There’s the Tropical Mural near the Gateway Mall skybridge (near Miniso), the Pet Pals Mural beside the Gateway Mall-General Roxas Ave. exit (beside Conti’s Bakeshop), the Waterfalls Mural at the New Frontier Theater Arcade (beside McDonalds), and the Kobe Bryant Mural at the Shopwise Arcade (beside Bonchon) — all of which can come to life on smartphones when the QR codes near these artworks are scanned. AR technology is also currently being used by Gateway Gallery for its “Sining Saysay: Philippine History in Art” exhibit, which features 30 large paintings that mark various pivotal moments in Philippine history. Visitors who will scan the paintings via the Gateway Gallery mobile app will see an informational video about the artwork.

Alliance Française de Manille holds Summer Camp

ALLIANCE Française de Manille is cooking up some activities for children this June and July. Each session is a week of fun introduction to French with cooking, arts and crafts, dress-up, and an escape game. Open to children ages six to 11. Summer Camp will be held onsite from Mondays to Thursdays, 1:30-4 p.m. The sessions will be on June 13-16, June 20-23, June 27 to 30, July 4-7, July 11-14, July 18-21, and July 25-28. Register at www.alliance.ph.

Pacita Abad exhibit catalogue now available

THE PACITA ABAD Art Estate and the Museum of Contemporary Art and Design (MCAD) Manila recently launched Pacita Abad: A Million Things to Say, an exhibition catalogue that revisits the works of the late award-winning Filipino artist. The 164-page book walks readers through the kaleidoscopic, spirited and invigorating masterpieces of Pacita Abad that graced the galleries of MCAD Manila at the De La Salle-College of Saint Benilde from April 12 to July 1, 2018 as part of the exhibition “Pacita Abad: A Million Things to Say”. Curated by MCAD Director Joselina Cruz, together with Filipino artist and Pacita’s nephew Pio Abad, the retrospective presented large-scale and never-before-seen works and was considered as the internationally renowned painter’s first showcase after over a decade. Pacita Abad was known for her work in mixed media, painted textile collages, abstract assemblages and trapunto paintings. Her works cover socio-political portraits, masks and her love of underwater scenery, animal wildlife and tropical flowers, while her public arts include the 55-meter long bridge in Singapore, wherein she painted 2,350 multicolored circles a few months before she passed on in 2004. The book features a conversation between the exhibition curators together with Shabbir Hussain Mustafa, a curator of National Art Gallery Singapore. It also includes essays by Clara Kim, the Daskalopoulos senior curator for International Art at Tate Modern London, as well as H.G. Masters, the deputy editor and deputy publisher of Art Asia Pacific Magazine Singapore. The book was designed by Studio HATO and was printed by Asia One HK. It comes with a softcover and a dust jacket. Pacita Abad: A Million Things to Say is priced at P2,500. To order, e-mail mcad@benilde.edu.ph.

Artbooks.ph carries books on PHL history

ASIDE from books on art, Artbooks.ph also has a number of books on Philippine history, both in the far past and more recent events. These include Nick Joaquin’s A Question of Heroes (P630). First published in 1977, it provides a fresh point of view on 10 Filipino heroes — Jose Burgos, Marcelo H. del Pilar, Graciano Lopez-Jaena, Jose Rizal, Andres Bonifacio, Emilio Aguinaldo, Apolinario Mabini, Antonio Luna, Gregorio del Pilar, and Artemio Ricarte — and their role in the Philippine revolutionary tradition. Necessary Contexts: Essays for our Times by Rosario A. Garcellano (₱475) is a collection of her writings spanning 30 years, that was previously published in the Philippine Daily Inquirer. In The Sovereign Trickster (P360), Vicente L. Rafael offers a prismatic view of the age of Rodrigo Duterte in the Philippines, outlining how Duterte weaponizes death to control life. Written during the early years of Martial Law in the Philippines, Reynaldo C. Ileto’s highly influential book Pasyon and Revolution (₱460) is “an attempt to write history ‘from below.’” It offers an alternative history of the social movements during the late 18^th to early 19^th century in the Philippines based on the perspective of the masses themselves. Days of Disquiet, Nights of Rage: The First Quarter Storm & Related Events (P1,700) is a landmark book by Jose F. Lacaba on the Philippine protest movement of the 1960s and ’70s. First published in 1994, An Anarchy of Families (₱630), reveals how the power of the country’s family-based oligarchy both derives from and contributes to a weak Philippine state. Then there is Talking History: Conversations with Teodoro A. Agoncillo (₱430) by Ambeth R. Ocampo which is a transcript of the conversations between the two historians of different generations. Bonifacio’s Bolo (P3,000) by Ambeth Ocampo is a compendium of essays on the Philippine national hero, Andres Bonifacio. Drawn mostly from Ocampo’s regular column in the Philippine Daily Inquirer from the late 1980s to the early 90s, this book presents a fresh portrait of the Father of the Philippine Revolution. One copy only is available. Previously owned, with foxing stains on the edges, otherwise good condition. Memoirs of Pain (₱8,000) by Gustavo C. Ingles is a chronicle of the author’s harrowing experiences as a prisoner of war during World War II. Only one copy is available. Artbooks.ph is at 123 Pioneer St., Mandaluyong City. Call (632) 8632-7683 for detials.

NCCA open to proposals for competitive grants

THE NATIONAL Commission for Culture and the Arts (NCCA) is making a Call for Project Proposals for its 2023 Competitive Grants Program. The deadline for the submission of proposals is on Aug. 31. As stated in Republic Act 7356, the NCCA is authorized to give grants to artists and cultural groups that contribute significantly to Filipino’s cultural legacy to extend artistic achievement, and to administer the National Endowment Fund for Culture and the Arts. The NCCA Competitive Grants Program is competitive in nature since project proposals pass through a rigorous and confidential evaluation process based on merit such as quality and relevance to Commission priorities. For more information, visit https://ncca.gov.ph/ncca-competitive-grants-program/.

Magsaysay-Ho painting highlights auction

June 8, 2022 | 12:04 am

75671 — ANITA MAGSAYSAY-HO, Women Fishing, 1971, Mixed media on board

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OVER 100 works are being offered at Salcedo Auctions’ upcoming “Finer Pursuits: Important Philippine Art & Rare Collectibles” live and online auction on June 25, 2 p.m.

The lots for sale include a large Anita Magsaysay-Ho painting that was documented in Alfredo Roces’ monograph In Praise of Women. There is also a rare 1969 mixed media piece from National Artist for Visual Arts Benedicto “BenCab” Cabrera’s Scavenger series from the artist’s London period; an Ang Kiukok dated 2002 from a renowned Asian collection; and a 1933 oil on canvas fisherman’s family scene by National Artist for Visual Arts Fernando Amorsolo.

Anita Magsaysay-Ho’s legacy in the definition and development of modern Philippine art is as unquestionable as the love for nation and celebration of womanhood that she manifested in her paintings. In her practice, Ms. Magsaysay-Ho illustrated women quietly carrying out domestic tasks such as winnowing, selling wares, or looking after livestock. With their eyes half-closed and smiling lips, they embody a secret sort of contentment and fulfillment.

Referred to as the Scavenger series, Mr. Cabrera’s exceedingly rare works bear the archetypal qualities of his later Sabel and Larawan series: rumpled swathes of fabric covering dynamic figures, and sharp divisions in the forms and tonalities of the background.

Other pieces and antiques in the auction include an 18^th century gargoyle Dinemonyo altar table in balayong wood; a vintage Rolex Cosmograph Daytona Big Red circa 1979; Cartier fine bone china, and Christofle sterling silver.

Other Philippine artworks in the auction include National Artist J. Elizalde Navarro’s much-exhibited and published The Red Kimono, Tokyo from 1965; glass sculptor Ramon Orlina’s Flight to the New Frontiers (2001); National Artist Carlos “Botong” Francisco’s 1960s Untitled (Battle of Mactan) watercolor, featured in the artist’s monograph and authenticated by his apprentice Salvador Juban; a 1967 acrylic titled Objects VII by Roberto Chabet with its original Luz Gallery label; a 1982 Malang gouache; and a rare pastoral monochromatic watercolor showing rice farmers by National Artist Vicente Manansala from 1971.

The “Finer Pursuits: Important Philippine Art & Rare Collectibles” live and online auction will take place on June 25, 2 p.m. Register to bid and browse the catalog at salcedoauctions.com. The auction preview begins on June 9 and runs daily from 9 a.m. to 5 p.m. at NEX Tower, 6786 Ayala Ave., Makati City. For inquiries, e-mail info@salcedoauctions.com or contact 8823-0956, 0917-591-2191.

Low vax uptake against common illnesses puts seniors at risk

June 8, 2022 | 12:04 am

seniors_2020-03-30-philstar-migueldeguzman — PHILIPPINE STAR/MIGUEL DE GUZMAN

By Brontë H. Lacsamana, Reporter

SENIOR CITIZENS, who are more prone to illnesses like influenza and pneumonia which may then worsen other comorbidities (or vice versa), must be vaccinated in order to keep them safe and healthy this rainy season.

“Vaccination is an act of love,” said Dr. Lulu C. Bravo, founder and executive director of the Philippine Foundation for Vaccination, quoting Pope Francis at a June 6 roundtable hosted by Sanofi Philippines.

She added that older Filipinos tend to be unaware that vaccination is necessary, even for influenza and pneumonia, two of the most common illnesses among elderly.

“The elderly are not used to getting vaccines. … They never experienced this [in their youth] so they don’t know that vaccination is important,” Dr. Bravo said, who pointed out that the Expanded Program on Immunization was launched in 1976.

In 2020, there were 9.4 million Filipinos aged 60 and above, putting the country’s aging population at about 8.6% of the total population. The World Population Prospects projected in 2019 that this number will grow to about 16.5% of the population by 2050.

Dr. Remedios F. Coronel, former president of the Philippine Society for Microbiology and Infectious Diseases, said that older adults are more vulnerable to influenza and pneumonia due to immunosenescence — aging-caused changes in the immune system.

“This leads to increased hospitalization, reduced autonomy, and increased mortality,” she said.

A 2021 survey of aging adults conducted by the University of the Philippines Population Institute and the Demographic Research and Development Foundation found that there’s an underuse of adult immunization in the country.

The study also revealed how low awareness was among the aging population that government health programs for seniors provide vaccination — 70.4% were unaware they could get flu vaccines while 59% were unaware about pneumococcal vaccines.

“Immunization for older Filipinos has not received much needed attention from physicians, policymakers, and the older population themselves,” said Dr. Coronel, citing the study. “This needs to change.”

The Senior Citizens Act, which recommends flu and pneumococcal vaccines for the elderly, isn’t fully implemented either, according to Dr. Rontgene M. Solante, vice-president of the Philippine College of Physicians.

“It usually depends on the funding of the LGU (local government unit). Meanwhile, vaccination campaigns for adults in the country are always private physician driven, meaning out of pocket coming from the patient,” said Dr. Solante.

“As we move forward and the next focus of the new admin will be on UHC (universal health care), we hope this will also address the importance of vaccination,” he added.