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ERC to PCCI members: use your own power generators

THE Energy Regulatory Commission (ERC) has asked the Philippine Chamber of Commerce and Industry (PCCI) to urge its members to use their own generators to avert power interruptions while augmenting limited supply.

“We seek the assistance and support of the PCCI to encourage their members, especially the commercial and industrial customers, to participate in the ILP (interruptible load program) to help augment the limited power supply considering the possible power interruptions in the coming months,” ERC Chairperson and Chief Executive Officer Agnes VST Devanadera said in a statement on Monday.

The ILP calls on large power users with their own generating facilities to voluntarily not draw power from the grid when supply is tight. The Department of Energy (DoE) works with distribution utilities and electric cooperatives to implement the program.

Rolling out the ILP is one of the immediate actions that can address the projected supply deficiency in the upcoming weeks, the ERC said, citing the DoE’s power outlook.

Left unaddressed, the commission said the tight supply conditions may lead to yellow and red alerts — the grid operator’s warning of thinning power reserves.

National Grid Corp. of the Philippines issues a yellow alert when reserves fall below ideal levels. This is subsequently downgraded to a red alert if the supply-demand balance worsens. According to the Energy department, red alerts triggers rotating “brownouts.”

From May 31 to June 2, the Luzon grid was placed under a spate of yellow and red alerts due to forced plant outages, thinning reserves and higher temperatures.

BusinessWorld reached out to PCCI for its thoughts on ERC’s statement, but the group has not yet replied as of press time. — Angelica Y. Yang

Samal’s prime resorts ready for new tourism landscape

Chema’s By The Sea is a beach resort located in the Island Garden City of Samal, Davao del Norte. — COMPANY HANDOUT

By Maya M. Padillo, Correspondent

WHILE THE travel industry continues to be squeezed by coronavirus-prompted restrictions, two of Samal island’s pioneer prime resorts have adopted changes to cater to the transformed tourism landscape.

Chema’s By The Sea, for one, has tapped Discovery Hospitality Corp. (DHC) for its allied services on reshaping operations given new health protocols and service standards.

DHC provided Chema’s owner, Poseidon Holdings Corp., with expert guidance on modifications for food and beverage, using information technology and digital marketing, human resources, housekeeping, and operational management.

DHC Senior Vice-President and Head of Sales and Operations Cathy Nepomuceno said the company is not taking over the management of Chema’s. 

“The project is just to provide assistance to the new team in terms of re-opening,” she said.

DHC will be managing the upcoming Discovery Samal through an agreement with Samal Shores, Inc. The resort, which will be located on a five-hectare complex, is expected to open next year.

Chema’s, a quaint resort that is also known for its gardens, has started offering day trips, apart from overnight, weekend or long-stay holidays.

“Spending days at Chema’s By The Sea is just heartwarming… For us, it’s all about setting the direction and build the essence of the resort through the different individuals that make up this resort,” DHC Chief Operating Officer and Discovery World Corp. President Jose Parreño said in a statement.

Chema’s has cottages and bigger cabin-type accommodations for groups and families, all with exclusive spaces. It provides boat transfers from Davao City, which is just a 10-minute ride.

PEARL FARM
Pearl Farm Beach Resort, one of the first top-end destinations in Samal, is using technology as part of its recalibrated operations to ensure the observance of health safety standards. 

The resort of the Floirendo family’s ANFLOCOR group now has a “virtual concierge,” which handles food orders and requests for assistance by guests.

“We started the applications… to prevent physical interaction, using a QR code for a contactless transaction,” Pearl Farm Vice-President and General Manager Josu Mikel Villaverde said in an interview.

Mr. Villaverde said one of the biggest advantages of the resort — and beach destinations in general — is that they offer nature and outdoor activities. 

“It is outdoor and there is nothing safer than this kind of set up. You just open a door and you are in a room and open a sliding door and you are outside already. Refreshing natural ventilation,” he said.

“The risk is minimal when you are with nature,” he added.

Pearl Farm, located further southwest of Samal, is a 45-minute boat ride from the company’s own marina in Davao City.

Actress Bea Alonzo transfers to GMA Network

ACTRESS Bea Alonzo (R) talked about her farm life in Zambales during the pandemic with Jessica Soho during the July 4 episode of Kapuso Mo, Jessica Soho on GMA-7. Ms. Alonzo signed up with GMA Network last week.

FILIPINO-British actress Bea Alonzo will explore new opportunities after signing a contract with GMA Network. Ms. Alonzo sealed the contract with the network on July 1.

Prior to joining GMA Network, Ms. Alonzo worked with beleaguered rival network ABS-CBN where she starred in primetime dramas and in ABS-CBN produced films such as One More Chance, The Mistress, A Second Chance, and Four Sisters and a Wedding.

The pandemic, Ms. Alonzo said, gave her the time to “think and reflect on the things about my life,” adding that she wants “to take on new possibilities and challenges.”

Ms. Alonzo said she looks forward to working exploring new projects such as hosting a talk show, guest starring at the network’s sitcoms, and working with Kapuso artists.

“I am beginning to rediscover myself again. I am going to make new friends. I am going to meet new people and collaborate with new people. That is such a huge blessing for someone like me who loves to do what I’m doing,” Ms. Alonzo said at an online press conference on July 1 held via Zoom and livestreamed through Facebook.

Ms. Alonzo is scheduled to film a movie with GMA Network contract star Alden Richards.

They will star in the Philippine adaptation of the Japanese television drama Pure Soul. The film is co-produced by Viva Films, GMA Pictures, and APT Entertainment.

“And this time I will be introduced to a totally new audience. And I just hope that magustuhan nila yung gagawin ko (I just hope the audiences will support what I work on),” she said. “My purpose is to really to touch lives and to do characters that will resonate with a lot of Filipinos.” — MAPS

New Rockwell Centers to rise in Angeles and Bacolod cities

E-ROCKWELL.COM/ROCKWELL-IN-NEPO-ANGELES

ROCKWELL LAND Corporation is planning to launch two flagship projects in Angeles, Pampanga and Bacolod.

The Lopez-led property company is investing P8.5 billion to develop Rockwell Center Nepo, Angeles.

The 3.6-hectare project, a joint venture with the Nepomuceno family, is expected to be launched within July with the first tower — The Manansala. This will be the first Rockwell Center outside of Makati City.

“We are excited to be part of the skyline of Angeles, Pampanga. Once the project is completed, the community will feature four mid-rise residential buildings and its very own Power Plant Mall,” Rockwell Land President and CEO Nestor Padilla said in a statement.

The company is also developing Rockwell Center Bacolod, a 30-hectare master-planned project. Phase 1, comprised of commercial lots, will be launched by yearend and is expected to generate P1.4 billion in revenues.

Other projects to be launched this year include Sillion Building at 32 Sanson in Cebu, The Villas at Aruga Resort and Residences — Mactan Phase 2, Terreno South Phase 3 in Lipa, Batangas, Nara Residences Lots in Bacolod, The Arton East Tower in Katipunan, Quezon City, and The Balmori in Rockwell Center, Makati.

“We remain optimistic to launch several projects, especially with the continued trust our clients have given our brand after seeing how we all handled the first year of the crisis,” Mr. Padilla said.

Robinsons Land expands Metro East mall to connect to LRT-2

ROBINSONS Land Corp. said on Monday that it will be connecting its Robinsons Metro East mall to the Marikina station of the Light Rail Transit Line 2 (LRT-2).

Inspired by Hong Kong’s interconnected malls via MRT and London’s “hop-on, hop-off” retail experiences via train, Robinsons Land’s The Link will connect the mall to LRT-2 and will feature “grab and go” shops.

“Located on the second level, The Link will have a mini-grocery, drugstore, optical shops, bank, grab-and-go food kiosks, and pasalubong (souvenir) shops for your last-minute shopping,” Robinsons Malls Regional Operations Director Myron Yao said in a statement on Monday.

The Link will span around 4,000 square meters.

Robinsons Land said it will also have medical and wellness facilities on the mezzanine area, as well as an elevator to cater to persons with disabilities.

It will also feature Korean store No Brand and Pet Lovers Center.

On Monday, shares of Robinsons Land at the stock exchange went up by 1.02% or 18 centavos to close at P17.88 each. — Keren Concepcion G. Valmonte

Vietnam orders Netflix to remove Australian spy show over South China Sea map

NETFLIX

HANOI, July 2 — Netflix, Inc. has removed Australian spy drama Pine Gap from its services in Vietnam after a complaint from broadcast authorities in the Southeast Asian country about the appearance of a map which depicts Chinese claims in the South China Sea.

The map, which briefly features on the screens of a control room at a spy base in two episodes of the six-part show, depicts China’s unilaterally declared “nine-dash line” and is displayed within the context of maritime claims in the region.

“Netflix’s violations angered and hurt the feelings of the entire people of Vietnam,” the Authority of Broadcasting and Electronic Information said in a statement on its website.

“This is the third time in a row in the last 12 months that Netflix has been found to distribute movies and TV shows containing content which violate Vietnam’s sovereignty,” said the statement, which was dated July 1.

The “nine-dash line” is a U-shaped feature used on Chinese maps to illustrate its disputed claims over vast expanses of the resource-rich South China Sea, including large swathes of what Vietnam regards as its continental shelf, where it has awarded oil concessions.

Chinese and Vietnamese ships have in recent years been embroiled in months-long standoffs in the disputed waterways.

Netflix confirmed it had removed the show in Vietnam but said it remained available on the service in the rest of the world.

“Following a written legal demand from the Vietnamese regulator, we have removed the licensed series, Pine Gap, from Netflix in Vietnam, to comply with local law,” a Netflix spokesperson said.

In Oct. 2019, Vietnam pulled DreamWorks’ animated film Abominable from cinemas over a scene featuring a similar map showing the “nine-dash line.”

Vietnam’s broadcasting authority said the other two shows which it had raised as issues with Netflix were Put Your Head on My Shoulder, a 2019 Chinese rom-com, and the US political drama Madam Secretary.

Put Your Head on My Shoulder was still visible on Netflix on Friday, although Madam Secretary was not. — Reuters

Gov’t fully awards T-bills even as yields rise on inflation bets

BW FILE PHOTO
THE BUREAU of the Treasury made a full award of the short-tenored papers it offered on Monday even as rates inched up. — BW FILE PHOTO

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday even as rates edged up across the board due to cautious investor sentiment.

The Bureau of the Treasury (BTr) raised P15 billion as planned via its auction of T-bills on Monday, with total tenders reaching P49.323 billion, making the offering more than three times oversubscribed. The demand for the papers, however, was smaller than the P53.567 billion bids seen in last week’s auction.

Broken down, the Treasury raised P5 billion as programmed via the 91-day debt papers from P16.55 billion in bids. The three-month T-bills fetched an average rate of 1.044%, up by 1.3 basis points (bps) from the 1.031% quoted at last week’s auction.

It also borrowed the planned P5 billion from the 182-day T-bills after the tenor attracted bids worth P16.112 billion. The average rate of the six-month debt inched up by 1.9 bps to 1.351% on Monday from 1.332% previously.

Lastly, the BTr made a full P5-billion award of the 364-day securities it offered on Monday as tenders hit P16.661 billion. The one-year debt papers were quoted at an average rate of 1.568%, a tad higher than the 1.562% seen in the previous auction.

National Treasurer Rosalia V. de Leon said the rates of the T-bills inched higher on Monday as threats to economic recovery linger, even after the latest manufacturing Purchasing Managers’ Index (PMI) reading signaled improving conditions.

The Philippine manufacturing PMI rose to 50.8 in June from 49.9 in May, the first time since March that the index breached the 50 neutral mark that separates contraction from expansion.

Ms. De Leon said investors remain cautious due to the new Delta variant of the coronavirus disease 2019 (COVID-19) and elevated inflation.

On the other hand, a bond trader said market players asked for slightly higher rates at Monday’s auction because T-bill yields are already too low due to their steady decline in previous offerings.

Other investors may have also placed higher bids in case inflation increased faster than expected last month, the trader said.

Health officials said there has been no local transmission of the Delta variant of COVID-19 in the Philippines so far as travelers are being strictly monitored for possible infections.

Meanwhile, headline inflation may have eased slightly in June amid improving food supply conditions and lower transport prices.

A BusinessWorld poll of 14 analysts held last week yielded a median estimate of 4.3% for June headline inflation, matching the midpoint of the 3.9% to 4.7% estimate given by the Bangko Sentral ng Pilipinas (BSP) for the month.

If realized, June would mark the sixth consecutive month that inflation went beyond the BSP’s 2-4% target and would also be faster than the 2.5% print logged in the same month last year. Still, the month’s headline print would be slower than the 4.5% logged in May.

The Philippine Statistics Authority will report June inflation data on Tuesday.

The BTr will also offer on Tuesday P35 billion in reissued seven-year Treasury bonds (T-bonds) with a remaining life of six years and nine months.

The Treasury is looking to raise P235 billion from the local market this month: P60 billion via weekly offers of T-bills and P175 billion from weekly auctions of T-bonds.

The government wants to borrow P3 trillion from domestic and external sources this year to fund a budget deficit seen to hit 9.3% of the economy. — B.M. Laforga

RLC Residences opens new sales hub

SYNC Building Perspective

RLC RESIDENCES recently opened a new sales hub for its Sync condominium development.

The condominium project is strategically located less than 10 kilometers from Ortigas business district, Bonifacio Global City, Makati, and the emerging Bridgetowne township.

The Sync sales hub is located along C-5 Bagong Ilog, Pasig City.

“With its strategic location, Sync offers a haven for urban professionals looking for a home that can cater to their on-the-go lifestyle,” RLC said.

Sync’s amenities include a rooftop jog trail and fitness center, game room, private theater, and leisure pool.

Interested buyers can schedule your visit at the Sync Sales Hub via our Online Appointment Link bit.ly/RLCResidences_OnlineAppointment.

Arthaland breaks ground for Lucima project in Cebu

ARTHALAND Corp. on Monday broke ground for its Lucima project in Cebu — a “sustainable” residential condominium on a 2,245 square-meter (sq.m.) property.

“With this project, we are expanding our footprint in Southern Philippines,” Arthaland President Jaime C. Gonzalez said during the virtual launch on Monday, adding that the project is envisioned to be the first quadruple-certified sustainable high-rise residential condominium in the country.

Lucima is located in the heart of Cebu Business Park. The company said it is targeting city dwellers and business executives for the project.

The project features low-E double-glazed glass, energy recovery ventilators, and a carbon monoxide tracker per unit, among others.

Residents will have access to virtual concierge and “autonomous surveillance” robots, which are said to be used to promote a safer and contactless environment.

It will have 30 residential floors with over 260 units. Its one-bedroom offerings have floor areas around 38 sq.m. to 54 sq.m., two-bedroom units with 88 sq.m. to 106 sq.m., and three-bedroom units from 125 sq.m. and up. Lucima’s largest unit is said to be over 500 sq.m.

Lucima is slated to be completed by the third quarter of 2025.

Shares of Arthaland at the stock exchange went up by 1.49% or one centavo to close at P0.68 apiece on Monday. — Keren Concepcion G. Valmonte

The story has been updated to reflect the company’s request that it envisions Lucima to be the country’s first ‘quadruple-certified’ sustainable condominium.

Smoke screens: vaping on film looks less glamorous than the Hollywood smoking of yesteryear

In 1997’s Titanic, Kate Winslet made smoking look good. — IMDB.COM

THE MURDER investigation hits another dead end. Tired and frustrated, the detective stomps out of the station. She stares into the middle distance, forcefully sucking on a vape and expelling smoky puffs. Actress Kate Winslett has smoked on screen before, but not like this.

The tobacco and entertainment industries have long and tangled histories — including product placement in movies, television sponsorships, and promotional relationships with glamorous Hollywood stars. In 2012, the US Surgeon General’s report found “a causal relationship between depictions of smoking in the movies and the initiation of smoking among young people.”

Now new forms of nicotine consumption are being reflected in popular culture. Is vaping in movies and television merely a case of history repeating or something else entirely?

From Humphrey Bogart’s hardboiled detective roles in the 1940s through teen rebels like James Dean and Olivia Newton-John in Grease to Sharon Stone’s femme fatale in the 1990s, smoking was a constant sight for cinema-goers until recently. Then attitudes and policies began to change in line with health warnings and government regulations.

While some major tobacco companies state they no longer pay for or allow their tobacco brands to appear on screen, depictions of smoking remain relatively common, including in global streaming service content with high youth viewership.

Equally, entertainment content creators, such as Disney, have stated they will no longer include smoking depictions in content aimed at children. But policy exceptions mean smoking depictions on screens continue.

Now vaping is also being depicted in films and on television.

Researched since the 1930s but first commercialized in 2003, e-cigarettes were designed to look like cigarettes, cigars, pipes, pens, or memory sticks. As told in the podcast The Vaping Fix, battery-operated products like Juul were proposed as a safer form of smoking. They are emerging as far from harmless. In Australia it is illegal to sell e-cigarettes containing nicotine.

The increasing popularity of e-cigarettes, vaping devices, and heated tobacco has seen these products appear in popular movies and television shows.

One of the earliest on-screen examples of e-cigarette use is from the 2010 film, The Tourist, which features Johnny Depp’s character using an electronic cigarette on a train.

Kevin Spacey’s character vapes in a luxe room in the second season of House of Cards.

In 2014, a Canadian e-cigarette company reportedly paid for its product to be used by the female lead, played by Milla Jovovich, in the film adaption of Cymbeline.

At first glance it seems the vaping industry is simply repeating the highly successful tobacco marketing strategies of the past.

Since these early examples of e-cigarette use on screen, the global tobacco industry has become heavily invested in vaping products and their promotion. Exposure to vaping depictions and imagery on social media platforms is rife and includes paying high profile users to promote e-cigarettes and tobacco products.

On June 29, 2021, e-cigarette maker Juul, of which tobacco giant Altria (parent company of Philip Morris USA) has a 35% share, agreed to pay the US state of North Carolina $40 million for allegedly marketing to teenagers.

In contrast to early cinematic cigarette smoking, vaping in the critically acclaimed and popular television series, Mare of Easttown, is depicted as less than glamorous.

Kate Winslet stars as the titular character. Mare is a small-town detective who is haunted by family tragedy and is part of a community affected by drug use, violence, limited health and social services, and poverty. She vapes in scenes of high stress and to escape conflict situations.

While Mare is a highly sympathetic character, her vaping is depicted as an addiction, not as an aspirational activity. (Insiders say the vape was a prop only and didn’t contain nicotine or tobacco.)

Mare also smokes a cigarette in the series which is a realistic portrayal, as nearly 40% of US adult e-cigarette users also smoke. Her smoking is not depicted as desirable or fashionable and the series’ themes make it decidedly adult viewing.

This stands in stark comparison to previous Winslet roles. In the 1997 film Titanic, her Rose character smokes using a slender cigarette holder while in the elegant dress and surrounds of the luxury cruise liner.

Other high-profile recent portrayals of vaping on screen include Rosamund Pike’s character, Marla, in the film, I Care a Lot. Her character has previously run a failed vape business.

There is no evidence or suggestion the vaping in Mare of Easttown or I Care a Lot is directly sponsored by the vaping or tobacco industry. These particular depictions may accurately reflect the reality of vaping and its growing popularity.

Given Australia’s strict regulation of vaping products, including advertising restrictions and a ban on the retail sale of any devices that contain nicotine, no paid vaping product placement would be permissible in content that is produced in Australia. However, much of the media and entertainment content viewed in Australia is not made here.

Similarly, while paid tobacco placement or sponsorship of media content produced within Australia would be a violation of the Tobacco Advertising Prohibition Act 1992 Act, it does not prevent content made overseas, that may contain paid promotions, from being distributed here.

Tobacco depictions, even those that glamorize or promote smoking, are permissible provided these are of no support or payment by the tobacco industry. Tobacco use may be considered though by the Australian Classification Board when assigning a classification rating.

Several policy solutions have been proposed to reduce smoking depictions on screens and these could equally apply to vaping depictions. They include adult ratings on content that depicts use, certifying that no payoffs were received for vaping depictions and not making vaping brands identifiable on screen.

With the smoking and media landscape changing, it is critical Australia keeps pace with a ban on the advertising and promotion of all tobacco and vaping products.

 

Becky Freeman is an Associate professor at the University of Sydney. Christina Watts has a PhD from the University of Sydney.

RCBC eyes integrated platform to simplify SME loan processing

RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to create an end-to-end platform that will simplify loan processing for small- and medium-sized enterprises (SMEs).

This platform will include features such as online application, loans processing, and account management, where clients can pay loans and avail of products and solutions from the bank, it said in a statement on Monday.

In 2019, RCBC tapped data analytics and cloud-based technology to simplify its loan processing. These initiatives have enabled the bank to offer customized solutions and faster credit disbursement for their business clients.

“One of the biggest challenges for SMEs is access to financing. Being able to lessen the turnaround time will help them significantly,” RCBC First Senior Vice-President and SME Group Head Ma. Angela V. Tinio said.

RCBC said their manual end-to-end process has so far been simplified by 50%. Meanwhile, its auto-credit investigation turnaround time was shortened to four hours due to the integrated system between the bank’s sales cloud and third-party bureaus. With the credit checking process streamlined, turnaround time has been reduced to eight days.

Aside from boosting technology, Ms. Tinio said they have also provided training to their relationship managers to better attend to their duties to their clients remotely.

RCBC President and Chief Executive Officer Eugene S. Acevedo has said the bank is looking to expand its digital presence and veer away from traditional bank transactions as more clients are increasingly preferring doing these online.

The Yuchengco-led bank’s net income declined by 31.55% to P1.58 billion in the first quarter from P2.308 billion a year earlier due to trading losses and lower foreign exchange gains.

RCBC’s shares closed at P21 apiece on Monday, down by P1.20 or 5.41% from its Friday finish. — LWTN

DMCI Homes eyes Davao expansion

DMCI Homes Davao Office

DMCI HOMES is looking to expand its footprint in the Davao region.

DMCI Homes Vice-President for Project Development Dennis Yap in a statement said the company is “currently looking into other locations in the region to expand the company’s footprint in the King City of the South.”

DMCI Homes currently has one project in the region — a residential project Verdon Parc development along Ecoland Drive.

The company is showing its commitment to the Davao region by opening a new office. It moved to a new building located in Barangay Maa, Talomo District, Davao City. Its previous office was located at Lot 5A, Sandawa Plaza, Quimpo Blvd., Ecoland.

“With our new office, we look forward to serving Davaoeños better in the coming years and contribute to Davao City’s continuing evolution as a premier living destination through DMCI Homes’ brand of high quality and best value homes,” Mr. Yap said.