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Banking veteran Ramon Sy dies at 91

BANKING VETERAN Ramon Y. Sy passed away on Sept. 16. He was 91. 

His death was confirmed by Apex Mining Co., Inc. where he served as chairman until his death, as well as Asia United Bank Corp. (AUB), where Mr. Sy served as vice chairman and a director since March 2012.  

Mr. Sy was known for his humble beginnings as a messenger at the former Manila branch of Bank of America while attending night classes to finish his studies. He rose from the ranks and eventually became the bank’s country manager. 

AUB on Friday said Mr. Sy was instrumental in the bank’s initial public offering roadshows and public listing in 2013. 

“Mr. Sy, the AUB family is grateful for the years you have dedicated and shared with us. We have nothing but respect and admiration for you, and we will always be grateful for your mentoring and inspiration,” AUB President Manuel A. Gomez was quoted as saying. 

Mr. Sy also previously served as president and chief executive officer of the United Coconut Planters Bank and the International Exchange Bank. He was likewise with the Metropolitan Bank and Trust Corp. in the past as vice chairman. 

He obtained a Commerce degree from the Far Eastern University. He also holds a master’s degree in Business Administration from the University of the Philippines. 

Mr. Sy is survived by his wife, three children, and his grandchildren. — LWTN 

Peso climbs vs dollar on vaccine arrivals

BW FILE PHOTO

THE PESO appreciated versus the greenback on Friday as more vaccines arrived in the country. 

The local unit closed at P49.95 per dollar on Friday, gaining two centavos from its P49.97 finish on Thursday, data from the Bankers Association of the Philippines showed.  

However, it depreciated by 8.5 centavos from its P49.865-a-dollar finish a week earlier.      

The peso opened at P50.04 against the dollar on Friday. Its weakest showing was at P50.05, while its intraday best was at P49.86 versus the greenback. 

Dollars traded slumped to $871.75 million on Friday from $1.273 billion on Thursday. 

The peso strengthened as more vaccine doses arrived in the Philippines, boosting prospects for herd immunity and economic recovery, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said. 

Additional 661,200 doses made by AstraZeneca Plc arrived in the Philippines on Friday morning. They were procured by the private sector through the national government. 

The Philippines has already received over 58.2 million doses of coronavirus vaccines since February. 

Meanwhile, a trader said the peso appreciated on the back of profit-taking ahead of the US consumer sentiment report expected to be released on Friday night. 

PSEi closes lower as Moody’s cuts PHL growth outlook

Philippine Stock Exchange index

SHARES declined on Friday after Moody’s Investors Service cut its growth outlook for the country and amid concerns over the coronavirus disease 2019 (COVID-19) situation.  

The Philippine Stock Exchange index (PSEi) declined by 55.58 points or 0.79% to close at 6,912.85 on Friday, while the broader all shares index lost 27.69 points or 0.64% to finish at 4,295.84. 

“The local bourse dropped…due to profit-taking on the last trading day of the week with a spillover of negative sentiment after Moody’s Investors Service trimmed its Philippine [economic] growth projection for 2021 to 4.8% due to the reimposition of strict lockdowns and slow vaccine rollout,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a Viber message.   

“Net foreign selling…also weighed on the performance of the market,” she added.  

“The index finished lower as the new coronavirus cases in the country remain elevated, causing some investors to feel concerned over its impact on the economy,” Timson Securities, Inc. Trader Darren Blaine T. Pangan said in a separate Viber message.   

Moody’s Investors Service on Thursday downgraded its economic growth outlook for the country to 4.8% from its 5.8% forecast it gave in July. 

Meanwhile, the Health department reported 21,261 COVID-19 cases with a 27% positivity rate on Thursday, which brought the national tally to over 2.30 million. Active cases stood at 177,946.  

As of Sept. 16, the country has administered nearly 40.52 million COVID-19 jabs with the fully-vaccinated reaching almost 17.98 million, according to the Health department’s national vaccination dashboard.   

Metro Manila is under an alert level system with granular lockdowns until the end of the month.  

Majority of sectoral indices closed the week in the red except for financials, which gained 9.93 points or 0.69% to end at 1,442.46.   

Meanwhile, services lost 40.8 points or 2.18% to 1,830.50; mining and oil dropped 162.86 points or 1.69% to 9,446.88; property went down by 35.88 points or 1.16% to 3,039.91; industrials declined by 74.88 points or 0.73% to 10,171.96; and holding firms shed 26.65 points or 0.38% to 6,987.06.   

Value turnover soared to P15.22 billion with 1.81 billion issues traded on Friday, more than double the P7.37 billion with 1.07 billion shares seen the previous day.   

Decliners beat advancers, 119 against 74, while 52 names closed unchanged.   

Foreigners turned sellers anew with P812.96 million in net outflows on Friday, from the P53.9 million in net purchases seen on Thursday. — Keren Concepcion G. Valmonte 

Sydney pilots home quarantine as Australia looks to reopen border

Image via sydneyairport.com.au

SYDNEY — Australian officials will trial a home quarantine system for fully vaccinated international travelers arriving in Sydney, Prime Minister Scott Morrison said on Friday, as the country moves to reopen its borders despite persistent coronavirus disease 2019 (COVID-19) cases.  

Australia closed its international border in March 2020 in response to the pandemic, allowing entry almost exclusively to citizens and permanent residents who are required to undergo a mandatory two-week hotel quarantine at their own expense.  

“This is the next step in our plan to safely reopen, and to stay safely open,” Mr. Morrison said, adding the trial could set the standard for the way “we live with COVID-19.”  

Sydney, which has received more returning residents from abroad than other Australian city, will trial the seven-day home quarantine program later this month.  

Authorities will use a mobile phone app and face recognition technology to monitor compliance by around 175 people, including residents, non-residents and some Qantas air crew.  

“This is very welcome news for our crews who have been flying overseas to bring Australians home and to carry essential freight, chalking up months in quarantine since the pandemic began,” Qantas Chief Executive Alan Joyce said in a statement.  

The use of the technology, already piloted with returning defense personnel in South Australia state, has been criticized by privacy campaigners.  

Australia has locked down Sydney and Melbourne, its largest cities, and the capital Canberra, impacting nearly half its 25 million population, in response to an outbreak of the highly infectious Delta variant that began in June.  

Victoria reported 510 new cases, the majority in state capital Melbourne, on Friday, its second-highest daily rise this year, and one death. New South Wales reported 1,284 new cases, most in Sydney, down from 1,351 on Thursday, and 12 deaths.  

Mr. Morrison announced the home quarantine trial ahead of a national cabinet meeting later in the day where federal and state leaders plan to discuss vaccine passports and further easing of curbs.  

The federal government’s reopening plans are predicated on Australia reaching a 70–80% vaccination rate for its adult population. The national rate is currently at around 45% but is expected to pick up speed with just over 70% of people over the age of 16 having received a first dose.  

Both New South Wales and Victorian leaders have outlined new freedoms for vaccinated adults, with some restrictions in gatherings and travel in Melbourne to be eased from Friday night after Victoria reached its 70% first-dose target a week early.  

However, not all state and territory leaders agree with the reopening plans, with some preferring to maintain an eradication strategy.  

Even with the fast-moving Delta outbreak, Australia has largely avoided high numbers seen in many comparable countries, with some 82,000 cases and 1,141 deaths, through swift lockdowns and hotel quarantine for international travelers. — Renju Jose/Reuters  

US sends 2.58 million more COVID-19 vaccine doses to Philippines

Handout

WASHINGTON – The U.S. government will begin shipping 2.58 million more doses of COVID-19 vaccine to the Philippines on Thursday through the COVAX global distribution program, a White House official said on Thursday.

The latest shipments of vaccines made by Pfizer Inc and Germany’s BioNTech, bring the total number of vaccines sent to the Philippines to just over 9 million, the official said.

Scientific teams and legal and regulatory authorities from both countries worked together to ensure prompt delivery of safe and effective vaccine lots to the Asian nation, the official added.

Last week, U.S. President Joe Biden’s national security adviser Jake Sullivan met with the foreign and defense ministers of the Philippines during their visit to Washington to mark the 70th anniversary of the two countries’ Mutual Defense Treaty.

At the time, Sullivan announced that the United States would provide an additional $11.3 million in COVID-19 assistance to the Philippines, bringing total U.S. COVID-19 assistance to the Philippines since the start of the pandemic to $37 million, in addition to the millions of vaccine doses donated. — Reuters

InLife’s ‘Good in Life’ video and photo competition highlights inspiring Filipino values

Amateurs, enthusiasts, and seasoned content creators are invited to join Insular Life’s (InLife) “Good in Life Video and Photo” competition. The aim of the competition is to show that even in the ongoing pandemic, ordinary Filipinos can rise above these difficult challenges.

Guided by the values that we cherish as a people – love of God and country, resilience, malasakit at pakikipag-kapwa tao – we have shown that in whatever circumstance, there is always “Good In Life.”

In interpreting the theme – “Good in Life”, creators must express their entries in terms of our cherished Filipino values.

For the winning videos, the first place will receive P111,000, second place will get P60,000 and third place will collect P40,000. The winning videos will be chosen from a shortlist of 10 finalists. The remaining finalists will receive P5,000 each. All prizes are tax-free.

The limit of the video competition is 3 minutes maximum length. Each entrant is allowed to submit up to 3 videos.

The same theme applies for the “Good In Life” photo competition. The top prize for the photo competition is P30,000, second place is P20,000 and third place is P10,000. Ten finalists will also receive P2,000 each. All prizes are tax free.

For the photo competition, each entrant may submit up to three entries of photos or a photobook. Each photobook is considered as one entry. Entrants may submit a combination of photos and photobooks.

The full mechanics for the competition may be found at InLife’s website at https://bit.ly/3C9GaZH or at the official Facebook page at https://fb.watch/803DQFtdzc/.

The deadline for sending entries will be on Oct. 15, 2021, at 11:00 PM.

Through your creativity, let’s show the world that indeed, no matter what happens, there is Good In Life!


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Glasgow climate summit at risk of failure, UN chief warns

REUTERS

UNITED NATIONS — United Nations chief Antonio Guterres said a critical meeting on climate change later this year in Scotland is at risk of failure due to mistrust between developed and developing countries and a lack of ambitious goals among some emerging economies.  

The UN COP26 conference in Glasgow aims to wring much more ambitious climate action and the money to go with it from participants around the globe. Scientists said last month that global warming is dangerously close to spiraling out of control.  

“I believe that we are at risk of not having a success in COP26,” Mr. Guterres told Reuters in an interview at UN headquarters in New York on Wednesday. “There is still a level of mistrust, between north and south, developed and developing countries, that needs to be overcome.”  

“We are on the verge of the abyss and when you are on the verge of the abyss, you need to be very careful about what the next step is. And the next step is COP26 in Glasgow,” he said.  

Mr. Guterres and Britain’s Prime Minister Boris Johnson will on Monday host a meeting of world leaders on the sidelines of the annual high-level week of the UN General Assembly in a bid to build the chances of success at the climate conference, being held from Oct. 31 to Nov. 12.  

“My objective and the reason why we are convening a meeting on Monday is exactly to build trust, to allow for everybody to understand that we all need to do more,” Mr. Guterres said.  

“We need the developed countries to do more, namely in relation to the support to developing countries. And we need some emerging economies to go an extra mile and be more ambitious in the reduction of air emissions,” he said.  

Monday’s meeting, which will be both virtual and in-person, will be closed to allow for “frank and open discussions” on how to deliver success in Glasgow, said a senior UN official, speaking on condition of anonymity.  

US, CHINA NEED TO ‘DO THEIR PART’  

The world remains behind in its battle to cut carbon emissions and the pace of climate change has not been slowed by the global COVID-19 pandemic , the World Meteorological Organization said on Thursday.  

Scientists said last month that unless big action is taken to cut emissions, the average global temperature is likely to hit or cross the 1.5-degree Celsius (2.7-degrees Fahrenheit) warming threshold within 20 years.  

“Until now, I have not seen enough commitment of developed countries to support developing countries … and to give a meaningful share of that support to the needs of adaptation,” said Mr. Guterres.  

Developing countries tend to be the most vulnerable to costly climate impacts, and the least resourced to deal with them. For years, they have been struggling to secure the funds to help them prepare for climate disruptions that rich nations pledged in 2009 to ramp up to $100 billion annually.  

So far, the money that has arrived has focused on emissions reduction rather than adaptation. Of the $78.9 billion in climate finance transferred by rich countries in 2018, only 21% was spent on adaptation, OECD data shows.  

When asked whether companies that develop carbon capture technology should have to issue patent waivers so those advances can be shared, Mr. Guterres said: “Any development in that area should be a global public good and should be made available to all countries in the world.”  

But he noted: “We have not yet seen results that confirm those technologies will be a key element to solve the problem.”  

Mr. Guterres played down the impact that the increasingly rancorous relationship between China and the United States — the world’s two biggest emitters of greenhouse gases — will have on their cooperation on climate change.  

“They are a multilateral issue,” said Mr. Guterres. “So my appeal to both the United States and China is for each of them to do their part.” — Mary Milliken and Michelle Nichols/Reuters  

  

  

Globe empowers over 85M customers nationwide

Encourages support for community partners in biggest-ever 917 celebration

Globe is celebrating National G Day or 917 Day a little differently this year. As a way of giving back to the community, Globe is encouraging its customers to support various advocacies and communities.

Together with Globe’s over 85 million customers nationwide, it hopes to pass on the rewards to communities that have been greatly affected by the pandemic.

Bianca Wong, Head of Globe’s Feel Valued Tribe shared, “Every year, we make this celebration meaningful for our customers, but as the local situation progresses, we want to extend the rewards to our communities, as well. By providing unique experiences for our customers, we can help uplift their lives and the wider community we live in.”

September 17 or 917 is the time of the year when Globe shows its appreciation to its loyal customers. It is inspired by the company’s original and longstanding 917 prefix.

Since its launch, Globe Rewards’ donation platform has raised almost 40 million pesos worth of cash donations and Rewards points that benefited health workers, frontliners, and medical institutions, as well as communities in need — showing that the Filipino Bayanihan spirit lives on amid these trying times.

As the month-long celebration continues, Globe still has several more activities for their customers that will allow them to give back to partner organizations, communities, or groups that they want to help.

For instance, winners of the G Legends Cup amateur mobile gaming tournament, which culminates on September 22, will have the chance to share their prize with their beneficiary of choice. Music fans can also contribute to the collective support of our partner beneficiaries when they attend the G Music Fest on September 25 and 26.

Likewise, every spend at the first-ever G Super Sale, an exclusive marketplace partnership with Lazada and GLife, from September 15 to 19 will have a corresponding contribution to community-uplifting beneficiaries. All year round, customers can also donate their excess or unused points on the new GlobeOne app.

Among the different partner beneficiaries include, Ayala Foundation, GMA Kapuso Foundation, Hero Foundation, Hineleban Foundation, Moments with Fr. Jerry Orbos, Natasha Goulbourn Foundation (Hopeline), the Philippine Animal Welfare Society (PAWS), PGH Medical Foundation, Inc (PGH MFI), Rise Against Hunger, Rotary Foundation, Save Philippine Seas, Teach for the Philippines, Virtualahan, Walang Iwanan Alliance.

The advocacies they aim to reach include health and wellness, education, environment protection, fighting joblessness and hunger, disaster response, and child safety.

This 917, Atin ang kakayahan para tumulong. Atin ang #GDayEveryday.

This initiative is part of Globe’s commitment to the United Nations Sustainable Development Goals (UN SDG), specifically UN SDG No. 9, which emphasizes the roles of infrastructure and innovation as crucial drivers of economic growth and development. Globe upholds the UN Global Compact Principles and contributes to 10 UN SDGs.

To know more about Globe, visit www.globe.com.ph.


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Hong Kong teachers exit under shadow of security law, schools scramble to fill gaps

WIKIMEDIA COMMONS

HONG KONG — For his last class in Hong Kong in July, liberal studies teacher Fong showed his students calligraphy by the territory’s late democratic activist Szeto Wah: “Choose the right path and stick to it.” He emigrated to Britain days later.  

Fong is one of many teachers that left Hong Kong before the school year began in September, some saying they felt disillusioned and threatened by the authoritarian turn the city has taken since Beijing imposed a stringent national security law in June 2020.  

“The day I resigned, I told my school: ‘If one day, some students downstairs chant slogans, I would have to call the police to arrest my own students’,” said 45-year-old Fong, who asked to be identified by only one name for fear of drawing the attention of authorities. “I could not do that. And I could not hold my tears.”  

Several principals who spoke to Reuters said teachers were departing this year at about twice the normal rate, leaving some of them scrambling for new recruits.  

The Hong Kong Association of Heads of Secondary Schools (HKAHSS) warned the government in July that a “brain drain” would reduce the quality of education in the city. About 700,000 pupils attend 1,000 or so primary and secondary schools in Hong Kong.  

“The education environment and also the atmosphere have changed quite drastically in the past two years,” Samuel Cheng, principal at United Christian College – Kowloon East, told Reuters. “People are stirred up by their friends and colleagues who left so I have to help them at least emotionally settle down. I have to stabilize the school.”  

In response to Reuters’ questions, Hong Kong’s Education Bureau said teachers might have quit the profession to pursue other jobs or studies, or for other personal reasons, and did not address the issue of a brain drain. It said the national security law was not affecting the education sector or the quality of teaching.  

“The allegation by the so-called departing teachers is totally biased and unfounded on evidence,” the EDB said in a statement to Reuters. “It is inherently misleading and statistically biased to regard views from these individual teachers as representative of the education professionals in general.”  

NATIONAL SECURITY LESSONS  

It is impossible to determine how many of the almost 60,000 school teachers in the former British colony left this summer, or plan to leave this year. Figures on teacher employment for this school year collected by the EDB are not yet available.  

The Professional Teachers’ Union (PTU), which was Hong Kong’s biggest union before it disbanded this month, said in May that 40% of teachers it surveyed wanted to leave the education sector.  

Some have emigrated, although Hong Kong does not publish information on how many people leave the territory or their occupation.  

Britain, Canada and other countries have said tens of thousands of Hongkongers have emigrated in the past year or so, out of a total population of 7.5 million.  

One of those was Grace Kwok, a 33-year-old music teacher who moved to Britain in January. She told Reuters some parents complained to her principal after she told pupils that Tian Han, who wrote the lyrics of China’s national anthem, “March of the Volunteers,” died in prison during Mao Zedong’s 1960s Cultural Revolution.  

“I do not want to teach my students values I do not believe in,” said Ms. Kwok. “I do not want to be in danger.”  

The education system has become a key target of a broader plan by China’s leaders to reform Hong Kong’s rebellious youth after the often-violent pro-democracy demonstrations of 2019.  

Almost 20% of the more than 10,000 people arrested during the protests were of school age. About 100 teachers and staffers from schools were also arrested, according to the city’s education secretary.  

In February, Hong Kong introduced new curriculum guidelines ensuring that children as young as six learn more about China and are taught about the national security law, which made any act that Beijing regards as secession, subversion, terrorism or collusion with foreign forces punishable by up to life in prison.  

The EDB has replaced the subject of liberal studies — which it introduced in 2009 to increase social involvement and to develop critical thinking — with a smaller module called “citizenship and social development” which focuses on patriotism.  

References to the bloody 1989 crackdown on protesters in and around Beijing’s Tiananmen Square and the 2014 “Umbrella Movement” protests in Hong Kong have been removed from textbooks seen by Reuters, along with other pro-democracy events.  

Hong Kong Chief Executive Carrie Lam said last year that teachers who were “bad apples” needed to be removed from the education system. The EDB told Reuters it received 269 teacher misconduct complaints from June 2019 to December 2020. It did not provide any details of the complaints.  

Under pressure from authorities, the PTU officially disbanded earlier this month. The Hong Kong government had already cut ties with the 95,000-strong union, which China’s state media had described as a “poisonous tumor.”  

HEAD TEACHERS SCRAMBLE  

The EDB told Reuters that 4% to 5% of teachers in primary and secondary schools dropped out every year for the past four years. It does not have data for the school year just started.  

Some principals told Reuters that teacher turnover this summer was much higher than that. Dion Chen, chairman of Hong Kong Direct Subsidy Scheme Schools Council, said many schools had five or six teacher resignations, with some reporting 15 to 20, more than in previous years. Not all were caused by emigration, he said, but the departures triggered “a musical-chair effect” of teachers changing jobs.  

Tai Tak Ching, who retired as the head of the Wan Chai District Headmasters’ Conference in August, estimated five to seven resignations per school, compared with only two or three in recent years.  

Polly Chan, vice-chairwoman of the Hong Kong Aided Primary School Heads Council, said four teachers at her Yaumati Catholic Primary School – Hoi Wang Road emigrated and she had to replace 10 teachers in total over the summer. Ms. Chan said the higher turnover was caused by “the pandemic, plus social disturbances, plus political reasons.” She said emigration had only become a significant factor this year.  

Mr. Cheng at United Christian College – Kowloon East said he had to replace 14 of his 80 teachers this summer: nine emigrated, four changed schools and one retired. He said he had never before had to replace more than three or four.  

Most of those who left had taught at the school for more than 15 years, he said, but some of their replacements did not have the postgraduate diploma required to fully qualify as a teacher, which Mr. Cheng described as a “compromise.”  

Mr. Cheng told Reuters he brought back a retired teacher to guide one of the new recruits, hired an external firm to help the new Japanese teacher and assigned mentors internally for the rest of the new staff. He said he expects the “big burden” of emigration to last another two or three years.  

“The education sector takes a hit because the people with experience are leaving in droves,” former PTU president Fung Wai-wah told Reuters, before the union disbanded. — Sara Cheng/Reuters 

British study to test mixed COVID-19 vaccine dose schedules in children

RAWPIXEL.COMN/FREEPIK

LONDON — A British study will look into the immune responses of children to mixed schedules of different coronavirus disease 2019 (COVID-19) vaccines as officials try to determine the best approach to second doses in adolescents given a small risk of heart inflammation.  

Children aged 12–15 in Britain will be vaccinated from next week, while those aged 16–17 have been eligible for shots since August.  

However, while the children will be offered a first dose of the Pfizer-BioNTech  vaccine, officials have said that advice about second doses will be given at a later date, while more data is gathered.  

Britain’s Joint Committee on Vaccination and Immunisation (JCVI) initially declined to recommend shots for all 12- to 15-year-olds, citing uncertainty over the long-term impact of myocarditis, a rare side effect of mRNA-based vaccines such as Pfizer’s. The heart condition typically resolves itself with mild short-term consequences, health experts have said.  

Hong Kong has advised children only get one shot, owing to similar concerns over heart inflammation.  

The study, called Com-COV3, will test different vaccine schedules in 12- to 16-year-olds, looking at the immune responses and milder side-effects.  

“The concern here is about the risks of myocarditis, particularly with the second dose with Pfizer vaccine in young men,” the trial’s lead researcher, Matthew Snape of the Oxford Vaccine Group, told reporters.  

“This will provide the JCVI with information crucial to informing their advice about immunizing teenagers in the UK,” he said.  

The trial will give all participants a first dose of the Pfizer-BioNTech vaccine. That will be followed eight weeks later by either a second full dose or a half dose of the Pfizer shot, a full dose of Novavax’s vaccine or a half dose of Moderna’s shot.  

The trial is recruiting 360 volunteers, not large enough to directly assess the myocarditis risk of the different combinations, which Mr. Snape said was 1 in 15,000 after two doses of the Pfizer shot in young men.  

But, he added, it “would be reassuring to see if there was a lower inflammatory response after one of these changes compared to Pfizer (followed by) Pfizer,” and that it might be “reasonable to infer that the risks of myocarditis might be lower” in such an instance.  

Mr. Snape is running another arm of the trial in adults, giving mixed vaccine schedules both four and 12 weeks apart, and comparing the responses. He said the results of that would be coming “very shortly”. — Alistair Smout/Reuters

It’s 100 days ‘til Christmas, and it’s all about caring and giving at SM Supermalls

The past years have always had us counting down to the most wonderful time of the year when the ‘ber’ months roll in; Christmas carols fill the air, dazzling tree lights dot the streets, shopping for gifts becomes a sport, and everyone else goes on a diet to make way for Christmas feasts.

This year may not be as festive as previous years, but it will most certainly be more meaningful. SM showed us the most uplifting way to best celebrate the season with “100 Days of Caring”; featuring 100 days of spreading love, thoughtfulness, and care for one another and for the communities surrounding our favorite SM malls. The virtual event showcasing the pledges happened Thursday, Sept 16, 2021 over FB Live and WatchSM on YouTube.

“100 days of Caring”

To kickstart the Christmas countdown, SM pledged to donate to over 10,000 beneficiaries, namely communities in need, hardworking SM employees, medical frontliners and dedicated delivery partners, among others. Some of the beneficiaries and their partner malls are as follows:

  • SM North EDSA is giving 100 pairs of World Balance rubber shoes to seniors from Graces Home for the Elderly in Quezon City.
  • SM Megamall, The Podium, and SM Center Pasig chose delivery partners who will be recipients of 100 raincoats and rain boots.
  • From SM Mall of Asia, 100 sets of care packages like face masks, face shields, Ensure milk, vitamins, supplements, and more, will be handed over to senior citizens within the community.
  • SM Southmall chose SOS Children’s Villages as to receive various story and educational books.
  • Metro Manila and Rizal malls chose several orphanages, namely: Associacion De Damas Filipinas, Bahay Aruga, White Cross Orphanage, and The Little Children’s Home to receive 100 toys and essential goods each, especially prepared by SM City Manila, SM City San Lazaro, SM City Sta. Mesa, SM City Taytay and SM Center Angono.
  • In North Luzon, 100 Aeta families from Zambales and Tarlac will be given grocery packs by SM City Olongapo Downtown, SM City Olongapo Central, and SM City Tarlac; fishermen in Pangasinan will be handed with fishing supplies by SM City Rosales, SM City Urdaneta Central, and SM Center Dagupan; while select tricycle and jeepney drivers in Bulacan will be given 100 pairs of shoes by SM City Marilao, SM City Baliwag, and SM Center Pulilan.
  • SM City Bacoor will give 100 brail books to the Deaf & Blind Foundation Philippines.
  • In the Visayas, SM City Cebu will bring smiles to kids of Kythe Foundation with 100 toys; while SM City Iloilo will give 100 25kg sacks of rice to healthcare and peace & order frontliners. SM City Puerto Princesa on the other hand, will have 100 grocery bags to displaced tourism personnel.
  • SM City Davao and SM Lanang Premier will be handing out 100 farming tools to local farmers; while SM City Butuan will be giving 100 Fiesta Food Packs to Por Cristo Foundation, Inc.

‘Gift’ for your mental health

Aside from our physical health being at risk during a pandemic, our mental health is also affected due to the stress and anxiety these times bring. And since SM believes in the value of taking care of our mental health, Dr Gia Sison, MD DPCOM gave a ‘Call to Share’ talk during the virtual launch. Dr Gia Sison is a mental health advocate and co-founder of PH Leader Livestrong Foundation. Her talk centered on how to cope during this stressful time and still find hope in a better tomorrow.

100 voices that care

If there’s one thing that binds us all Filipinos together, it’s our passion and love for music. While we may not be allowed to have big gatherings this year, SM entertained the audience with the performance of the 3 Divas – Rahda, Frenchie and Bituin Escalante; later on joined by 100 artists, singers, and SM employees and stakeholders who came together to sing during the virtual launch on Sept 16.

We may be in the middle of a pandemic, times may be tough, and many of us may be physically apart, but let’s not forget what this season truly means. To view the event, go to WatchSM on YouTube.

For more information, visit www.smsupermalls.com and follow @smsupermalls on all social media accounts.


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Aboitiz Group wins Gold Stevie Award for Employer of the Year

The Aboitiz Group bagged several awards recognizing the company as a great employer by exemplifying exceptional employee engagement programs. The prestigious honours were conferred by global award-giving body Stevie® Awards.

The Group took home the Gold Stevie® for Employer of the Year in the Conglomerates category and a Silver Stevie® for Achievement in Employee Engagement for its entry ‘Aboitiz Group: Leaders as Primary Drivers of A Positive Culture of Engagement’ at the 2021 Stevie® Awards for Great Employers.

“At the core of our business are our people and it will always be about our people. Their dedication and innovation enable us to stay focused on ensuring that our vital services remain available for all our stakeholders, especially through challenging times,” said Aboitiz Group President and CEO, Sabin M. Aboitiz. “These awards affirm the unwavering commitment of our A-People as we create for ourselves the kind of environment that allows individuals to thrive both in their careers and in their personal lives.”

Susan V. Valdez, Chief Human Resources Officer and Chief Corporate Services Officer for Aboitiz Equity Ventures, Inc. (AEV), also highlighted the company’s early pivot to the digitalization of different employee activities, which kept them engaged and productive even in a virtual set-up.

“With the ongoing pandemic, we had to quickly shift all our learning and development to the virtual space and the results showed that uptake on our e-learning surpassed even the physical classes from pre-COVID. Early digital transformation had a lot to do with it but, more than that, it’s because we have an agile and engaged workforce that can adapt quickly to unexpected challenges and opportunities,” Valdez said.

She also believes that caring for team members’ mental and psychosocial health is critical to continued success in business outcomes. “We believe the key is assuring team members that their well-being is top priority for the Aboitiz Group, no matter what. All of these are strong drivers to achieving our overall environmental, social, and corporate governance (ESG) goals.”

Meanwhile, the Aboitiz Group’s banking and financial subsidiary, Union Bank of the Philippines (UnionBank), was awarded a Silver Stevie® for Employer of the Year in the Banking category and a Bronze Stevie® for UnionBank’s Michelle Rubio as Chief Human Resource Officer of the Year.

Conceived as a means to enhance public confidence and investor trust, the Stevie® Awards for Great Employers is an international business awards competition that is open to all organizations worldwide. The awards recognize the world’s best companies to work for, and the HR teams, professionals, achievements, new products, and suppliers that help create and drive great places to work.

Stevie judges were composed of over a hundred esteemed professionals from around the world. The judges assigned to evaluate said categories expressed admiration for the century-old conglomerate’s tenacity, resilience, and ability to rollout new initiatives, as well as the leadership’s proactive approach to employee engagement. “The engagement of your CEO is admirable and impactful,” said one of the judges.

Another judge commended the company saying, “Great initiatives with the CEO like the SuperDuperCon town hall meetings, Welcome A-board, up close sessions to give opportunities to increase awareness, comfort, and psychological safety across the company. Very well done!”

(File photo) Sabin Aboitiz and a team member during one of the early episodes of SuperDuperCon

“SuperDuperCon” sessions are regular Group-wide virtual discussions hosted by the Group CEO himself. During the sessions, he shares updates on Group directions and topics relevant to employees. Apart from updates, the core of every SuperDuperCon is a live Q&A session where all team members can participate by asking questions or providing feedback in real time.

Aboitiz Group CEO Sabin M. Aboitiz welcomes a new batch of team members during a Welcome A-board session

Also, to cultivate a culture of open communication and courageous authenticity early into an Aboitiz employee’s journey, newly-hired team members are invited to “Welcome A-board,” a personal meet-and-discuss session with the Group CEO. Through this session, they are introduced to the Aboitiz Way, a summation of the Group’s culture and values.

Team members from various departments join an UpClose session with Group CEO  Sabin M. Aboitiz

“UpClose with SMA” are small group sessions that provide opportunities for other team members and executives across different business units to get up close and personal with Group CEO Sabin Aboitiz. In these sessions, everyone has the opportunity to learn with and from each other by giving feedback and sharing ideas.

Among the Aboitiz Group’s many initiatives to support its A-people personally and professionally include the vaccination rollout for all its team members, an expansion of healthcare coverage to include LGBTQ+ and common law partners of employees, and a multitude of learning and development opportunities offered through LinkedIn Learning and other similar programs.


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