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PHL waters being taken over by invasive fish 

Invasive Nile tilapia. Image via Gregory Paul “Gregg” H. Yan.

By Brontë H. Lacsamana  

Over the last decade, fisherfolk operating in freshwater lakes and rivers have noticed a shift in the contents of their catch, according to environmental group Best Alternatives.  

Native fish like biya (gobies), ayungin (silver perch), martiniko (climbing perch), and ulang (freshwater shrimp) have grown scarcer while species alien to the Philippines such as knifefish from Indochina, blackchin tilapia from Africa, janitor fish from the Americas, and cream dory from other parts of Asia, have multiplied in inland waters.  

“Our native fish are dying a slow, silent death because they’re quietly being eaten by invasive fish every minute, every second. It’s happening now,” said Gregory Paul “Gregg” H. Yan, founder of the Best Alternatives campaign, in an interview with BusinessWorld 

He shared that fisherfolk along Marikina River observed an abundance of Nile tilapia, janitor fish, knifefish, and blackchin tilapia (dubbed Gloria or Arroyo due to the black moles on their faces) after heavy rains this July.  

(When it rains, ponds, lakes, and other bodies of water in areas like Rizal and Laguna overflow, allowing fish to escape into the Marikina and Pasig rivers. Fisherfolk, knowing this, go there while water levels are elevated.)  

Only the kanduli, a type of brackish water catfish, remained plentiful among the numerous native species that used to roam the river.  

“They said there’s regularly a lot of kanduli, but that’s almost the only native species left,” he said. “Still, they’re just happy to have a catch because, when you get a 20-kilogram cream dory, siyempre tingin nila biyaya (of course they see it as a blessing).”  

ALIENS EVERYWHERE
In 2011, two years after Typhoon Ondoy, fisherfolk in the Laguna Lake area reported an alarming presence of the ornamental knifefish in the lake, which was traced back to their possible escape from aquaculture ponds during the typhoon. BFAR, after conducting surveys, declared it an infestation of invasive alien species (IAS) in the lake.  

“By 2012, nearly half of fishermen in the area were affected by this, with knifefish comprising a large chunk of their catch,” said Romualdo M. Pol, officer-in-charge at BFAR’s National Inland Fisheries Technology Center (NIFTC), told BusinessWorld. 

He added that NIFTC analyzed the gut contents of the knifefish, finding that around 32% were small fish heads and tails and about 29% were scales and eyes of kanduli, meaning the lake’s native species were indeed being eaten by the IAS. The sad part was, knifefish weren’t appealing to fish markets and were often released back into waters, where they would continue their reign of terror.  

The worst-case scenario, according to Mr. Yan of Best Alternatives, is similar to what happened to Lake Victoria in Africa, where the Nile perch was introduced to the lake to boost productivity, eventually wiping out 60% of its native cichlids. There’s also a local example, unfortunately — Lake Lanao in December 2020 saw 15 of the 17 freshwater fish endemic to the lake go extinct due to invasive species that altered the ecosystem 

To combat extinction of species in Laguna Lake, BFAR-NIFTC enacted multiple initiatives, from the development of a prototype electro-fishing gadget to stop eggs from hatching to a buy-back scheme that mobilizes fisherfolk to catch knifefish for at least P20 per kilo until they are consumed to depletion, said Mr. Pol.   

He added that the catch is usually processed into fishmeal feed for farm animals as well as value added products like hotdog, fishball, kikiam, and siomai, which they also teach affected fisherfolk to do through livelihood programs. During the pandemic, these have unfortunately been hindered by restrictions.   

Fisherfolk also caught much less, unable to go out in lockdowns, resulting in a drop to around 900,000 knifefish caught in 2020 from 1.9M in 2019, reported Mr. Pol.  

Meanwhile, the Balik ang Sigla sa Ilog at mga Lawa (BASIL) program, launched by BFAR in 2017, has been working on propagating native freshwater species like biya, ayungin, martiniko, ulang, and kanduli to replace the invasive ones being retrieved.  

In addition to collaborating with the Department of Science and Technology (DOST) and University of the Philippines Los Banos (UPLB) for studies on the population dynamics and control assessment of knifefish in Laguna Lake, BFAR-NIFTC said that they’ve been sharing their native species repopulation methods and technologies to a network of regional government hatcheries, to replicate their pilot efforts nationwide.  

SUSTAINABLE BUT EXPENSIVE
Best Alternatives, meanwhile, has put forward transitioning into the farming of local fish species — a long-term objective they’re looking into with European research firm VB Consultancy.   

“We’re trying to convince government and businesses that instead of farming invasive tilapia and cream dory, we should invest in the farming of high-value local fish species like ludong (which is expensive at P5,000 per kilo). It’s a type of mullet, a very common fish, just like how the maliputo and tawilis in Taal Lake are really nothing more than freshwater sardines, which can be marketed well,” said Mr. Yan.  

He cited their advantages: being better adapted to local conditions, resilient to diseases in this part of the world, and profitable for fish farmers who can earn up to P5,000 per kilo of ludong compared to at least P15 per kilo for knifefish and about P80 for tilapia.  

Mr. Pol of BFAR-NIFTC echoed this sentiment, adding that culturing these fishes in aquaculture facilities could eventually lead to more affordable prices once the population grows, since large ayungin currently reach up to P600 a kilo.   

“If we embrace the technologies now, there’s potential for profit, locally and in export markets. Most people have this idea that, to be sustainable, you have to let go of profitability. That’s not true. You can be profitable by farming the right species and you can bring back native fish in the country,” said Mr. Yan.  

When it comes to saving the earth, there’s no such thing as too young 

By Patricia B. Mirasol 

I Am the Change in Climate Change, a children’s book written by geology professor Alyssa M. Peleo-Alampay, shows how sustainability and climate change can be tackled at an individual level.  

Stewardship of the earth is taught in schools, said Ms. Peleo-Alampay, but not in a way that makes students feel that they can be part of the solution. 

“The most important takeaway should be that the climate change we are experiencing today as global warming is not going to go away in our lifetime. It will take the earth some time to adjust since the change has already started,” she told BusinessWorld in an e-mail, adding that the Philippines is a country which is and will continue to be among the worst hit by global warming and climate change.   

“The message of being good to, and taking care of, the earth will help improve our way of life for the present and the immediate future for our generation. It is a win-win situation.”  

Aimed at children between six and twelve, the book includes interactive activities, environmental lessons, and illustrations by members of Ang Ilustrador ng Kabataan, a local association of artists.  

It was produced with the help of Union Bank of Switzerland, which is also distributing the book in the communities it supports.  

STARTING THEM YOUNG 
Greenpeace Philippines campaigner Marian Ledesma said it’s never too early to educate children on climate change and sustainability, including through hands on-activities.   

“Address misconceptions at an early age,” she said in a separate e-mail. “Allow kids to create their own content. You can get an idea of how they understand environmental problems and engage them from there.”  

Filipinos are starting to walk the talk when it comes to sustainability, and companies are taking note. Corporations such as Monde Nissin, for instance, are giving their product development and innovation plans a health and sustainability emphasis by offering meat alternatives like Quorn, for example.  

Others firms, like building solutions provider Holcim Philippines, Inc., are offering more environment-friendly products such as blended cement.  

Meanwhile, a 2021 survey by GlobeScan, an insight and strategy consultancy, noted that only 24% of experts believe the pandemic will make sustainability a lower priority, down from 49% in 2020.  

A third of respondents also think that more attention will be given to the environment because of the pandemic.    

As a Singaporean respondent from Singapore put it, “If the world can find the money to deal with the economic and health impacts of the pandemic, it must do the same for the climate crisis.”  

  

Every purchase of I Am the Change in Climate Change is matched with book donations to two children from poor and disadvantaged communities in the Philippines in support of One Million Books for One Million Filipino Children Campaign, an initiative by the book’s publisher CANVAS. 

Elevate your dining room with Wilcon Depot

The dining room is an area in a home where we gather to share food, laughter, and conversations — and choosing the perfect dining set that matches our needs and style is crucial. And the right kind of furniture will ensure a comfortable and pleasant dining experience for everyone. 

Wilcon Depot, your one-stop-shop home store, is here to help you choose the perfect dining interior, so you, your family, and your friends can have a more enjoyable time in your dining space. Check out this guide for your next dining room upgrade.

Transitional 

The Transitional interior features a mix of both traditional and contemporary designs. Designing a transitional dining space can go from straight and bold lines to rounded and intricate patterns. Like a traditional setup, you can also see dark wood, textured fabrics, and light colors. In addition, it showcases both feminine and masculine characteristics to provide a harmonious setup.

Heritage Naxos dining chairs and walnut table

Japanese

The Japanese style is a superb choice if you’re aiming for a peaceful and space-saving dining area. It exudes an organic aesthetic, a serene ambiance, and natural elements. This dining set provides style and space efficiency. Chairs are ergonomically designed to fit seamlessly under the table. It brings out a unique Asian touch with its wooden structures, low-seating cushioned chairs, and flawless textures.

Heim Bet dining table set

Contemporary

Contemporary interior design plays with a variety of tones often seen in current styles. It encapsulates unconventional curves that result in a unique style for your space. You can achieve the eccentricity of a contemporary design by adding an accent color then building a palette around that color. It is essential to maintain a complementing color scheme to avoid a chaotic look for your space. 

Heritage Jarrett dining table and chairs

Mid-Century Modern

Known as one of the most popular interior themes, the mid-century modern is composed of muted tones, elegant lines, and earthy elements like wood, stone, and leather. This interior stood the test of time after it was popularized in the ’40s to ’60s. The glass table and leather chairs offer a timeless appeal with a boxy design and an open space concept perfect for a more conducive dining space.

 

Heim Dining Set

British Colonial

The British Colonial interior focuses on dark-colored wood to achieve an opulent look paired with neutral shades to create an elegant contrast for your space. You can often see a monochromatic touch of colors, including white, beige, and browns, that make up the whole dining setup. The intricate designs in the legs of the chairs and table welcome a subtle regal ambiance, often festooned with greenery and lightweight fabric for a fresher feel. 

Nobizzi round dining table and dining chair with armrest

Mission

Simplicity and warmth are what make a Mission interior design stand out. Also known as the “craftsman” style, it draws out its color palette mostly from different earthy elements and shades. It offers a heavy and solid look coming from edgy-style furniture. In this setup, wood is always the main character that lifts the whole space. Japanese style is a superb choice if It requires little to no detailing for a smoother effect. 

Heim Mia chairs and glass dining table

Dine in style and design your dining space with remarkable chairs and tables from Wilcon Depot. Shop at any of their 68 Wilcon Depot and Wilcon Home Essentials stores nationwide or shop online at Wilcon Online Store by visiting shop.wilcon.com.ph.

Explore the limitless product selections that Wilcon offers, ranging from Tiles, Sanitarywares, Plumbing, Furniture, Home Interior, Houseware, Outdoor Living, Building Materials, Hardware, Electrical, Appliances, Tools, Automotives, Paints & Sundries, and other DIY items.

To ensure a safe and convenient shopping environment in all Wilcon stores, the company continuously implements safety protocols for the health and well-being of both employees and valued customers.

You can also shop through your Personal Shopper with the Browse, Call, and Collect/Deliver service. For the list of participating stores with their pick-up and delivery contact details, click this link: www.wilcon.com.ph/content/328-bcc-branches.

Another shopping alternative is the Wilcon Virtual Tour. An online shopping option wherein customers can contact the nearest Wilcon store via Facebook Messenger App. Customers can contact the nearest stores, and the Wilcon team will take you on a virtual tour where you can explore the available products inside their physical stores.

Wilcon also provides contactless payment options to its customers like bank transfers, GCash, PayMaya, InstaPay, PesoNet, WeChat, and Alipay for customers’ convenience.

For more information about Wilcon, you can log on to www.wilcon.com.ph or follow their social media accounts on Facebook and Instagram. Subscribe and connect with them on Viber Community, LinkedIn, and YouTube.

France cancels defense meeting with UK over submarine row, sources say

US Navy illustration

PARIS — France has canceled a meeting between Armed Forces Minister Florence Parly and her British counterpart planned for this week after Australia scrapped a submarine order with Paris in favor of a deal with Washington and London, two sources familiar with the matter said.  

Ms. Parly personally took the decision to drop the bilateral meeting with British Defense Secretary Ben Wallace, the sources said.  

The French defense ministry could not be immediately reached. The British defense ministry declined comment.  

The sources confirmed an earlier report in the Guardian newspaper that the meeting had been canceled.  

The scrapping of the multi-billion-dollar submarine contract, struck in 2016, has triggered a diplomatic crisis, with Paris recalling its ambassadors from Washington and Canberra.  

France claims not to have been consulted by its allies, while Australia says it had made clear to Paris for months its concerns over the contract.  

French President Emmanuel Macron and US President Joseph R. Biden, Jr., will speak by telephone in the coming days to discuss the crisis, the French government’s spokesman said on Sunday. — Reuters

Universal Studios Beijing draws eager throngs amid uneasy US-China ties

Image via universalbeijingresort.com

BEIJING — Universal Studios’ Beijing resort opened its doors to the public on Monday after a two-decade wait, including delays because of coronavirus disease 2019 (COVID-19).  

The highly anticipated opening takes place amid US-China relations that have deeply deteriorated in recent years.  

The park will be US-based Universal’s largest and its fifth globally. It is also a first for Beijing, which lacks a big branded theme park to rival the Disney resorts in Shanghai and Hong Kong.  

And, it will be the first Universal park with a section dedicated to the movie Kung Fu Panda and includes an area based on the Harry Potter franchise, which is popular in China.  

Amid light rain and tight security, a steady stream of umbrella-wielding visitors entered the resort, with several saying they were “excited” to be finally getting to go see the park.  

One Universal Studios staff member told Reuters that visitor numbers were being capped at around 10,000 for Monday because of the pandemic but the park has a capacity to take in many more and will do so in the future.  

All of the 10,000 tickets for the opening available in a pre-sale on Sept. 14 sold out in three minutes, according to Trip.com Group.  

Beijing-based visitors snatched 40% of the tickets for the first month of opening, while the cities of Tianjin and Shanghai were the second- and third-largest sources of patrons, according to travel website qunar.com.  

However, many buyers complained on social media about ticket costs, which range from 418 yuan ($64.76) in the low season to 748 yuan during peak periods.  

“This is a rare time in a long while when an America-themed topic has attracted such obvious and widespread praise in China,” the Global Times, a nationalistic tabloid published by the ruling Communist Party’s People’s Daily, wrote last week.  

The resort was proposed 20 years ago by the Beijing Tourism Group, according to the official China Daily, and is 30% owned by Comcast Corp’s Universal Parks & Resorts and 70% by state-owned Beijing Shouhuan Cultural Tourism Investment.  

The new Chinese ambassador to Washington, Qin Gang, likened its roller coaster ride to ties between the two countries.  

“After all the tumbling and shakes, the roller coaster came to a soft landing in the end,” he tweeted on Tuesday.  

Universal Studios announced the development of the resort in 2014, saying at the time it would cost $3.3 billion. In 2017, Comcast Chief Executive Brian Roberts said the park could provide $1 billion of operating cash flow per year when it opened.  

The park is estimated to earn more than 10 billion yuan ($1.6 billion) a year in revenue with up to 12 million visits, according to state-run Beijing Daily. — Martin Quin Pollard/Reuters

Stockpiled COVID vaccines must be handed to poorer nations, says former UK PM

STOCK PHOTO

LONDON — A vaccine summit being hosted by US President Joseph R. Biden, Jr., must come up with a plan this week to transfer 100 million stockpiled coronavirus disease 2019 (COVID-19) vaccines to poorer countries before they reach their expiry date, former British Prime Minister Gordon Brown said.  

Mr. Biden is due to convene a virtual COVID-19 summit on Wednesday on the margins of the UN General Assembly, aimed at boosting vaccinations worldwide with the goal of ending the pandemic by the end of 2022.  

Mr. Brown said he had sent Mr. Biden and fellow G7 leaders research by Airfinity, a scientific information and analytics company, which found 100 million COVID-19 vaccines stockpiled in rich countries in the northern hemisphere would expire by December without being used.  

Out of 5.7 billion doses of coronavirus vaccines administered around the world, only 2% have been in Africa.  

“We need a plan to distribute vaccines quickly,” Mr. Brown, Britain’s finance minister for a decade before serving as prime minister from 2007 to 2010, said in a statement.  

“It will be a profound and collective political tragedy if this summit misses the opportunity to act with doses transferred immediately to poorer countries,” he said.  

The Airfinity data predicts that, without a speed-up in the vaccine roll-out, there will be 100 million more COVID-19 cases by next summer and one million more deaths from lack of ventilators and oxygen.  

“It is unthinkable and unconscionable that 100 million vaccines will have to be thrown away from the stockpiles of the rich countries whilst the populations of the world’s poorest countries will pay for our vaccine waste in lives lost,” Mr. Brown said.  

Mr. Brown called on the leaders to decide whether countries should swap delivery contracts, how regulatory barriers to vaccine exports could be overcome and who would underwrite the costs of using stockpiled vaccines.  

“No one is safe anywhere until everyone is safe everywhere. It is in everyone’s interest everywhere that President Biden and his fellow G7 leaders do what it takes … to eradicate COVID in every corner of our globe,” he said. — Reuters

SM intensifies vaccination efforts

SM’s broad vaccination efforts have intensified in solid support of national recovery.

The health and safety of its workforce remain paramount with about 94 percent of eligible SM employees vaccinated to date and growing. SM immediately provided free vaccination to thousands of its employees with the arrival of vaccines in the second quarter.

Previously, SM ordered over 500,000 doses of COVID-19 vaccines for its employees and for donation to the National Government.

SM’s vaccination program is a joint effort of all the SM companies, including SM Investments Corporation, SM Prime Holdings, Inc., SM Retail, Inc., BDO Unibank, Inc., China Banking Corporation and portfolio companies such as 2GO Group, Inc., Atlas Mining & Development Corporation and Goldilocks Bakeshop.

“Our goal is to support broad vaccination efforts and not just to focus on our own people or those connected with our business. We are here for the good of the community and to support vaccination as a national priority,” said Frederic C. DyBuncio, SM Investments Corporation President and Chief Executive Officer.

Responding to the urgent need for help, BDO Unibank, Inc. was among the pioneers in the private sector to source vaccines. BDO provided vaccines through a Tripartite Agreement between the National Government, vaccine manufacturers and the private sector led by Go Negosyo and its founder Joey Concepcion to accelerate vaccination in the country.

Micro, small and medium enterprises (MSMEs) are considered the lifeblood of the local economy. With COVID-19 vaccines essential to MSME recovery, SM malls teamed up with Go Negosyo to open shared vaccination sites for around 300 MSMEs with more than 170,000 employees as part of Go Negosyo’s “A Dose of Hope” program.

In addition, over 3.3 million doses of the COVID-19 vaccine have been administered in 69 malls around the country that have been used as vaccination hubs by various local government units (LGUs). As an example, the Pasay City Government partnered with SM to open one of the country’s largest vaccination sites at The Galeon at the Mall of Asia which could accommodate over 3,000 individuals daily.

Across many of its portfolio companies, SM facilitated vaccination of its third-party stakeholders and MSME partners in coordination with their respective LGUs to ensure a safer environment for all. SM offered its work sites in Toledo City, Cebu, particularly of Carmen Copper Corporation, for the vaccination of its workforce and stakeholders from the government.

2GO vessels on dock also served as vaccination venues that prioritized the inoculation of ship crew members. 2GO continues to accelerate its vaccination drive for its employees and has likewise assisted the employees of its contractors in securing vaccination.

For its part, SM Development Corporation conducted COVID-19 vaccination drives in 12 of its properties in Quezon City, Paranaque, Mandaluyong and Pasig, covering more than 4,500 of its residents and property front liners.

“We made our assets accessible to all, both to the public and private sectors, and enabled our partners to secure much-needed vaccination. It is our hope that through these concerted efforts, we will be able to get past this crisis faster, together,” Mr. DyBuncio said.


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Key data on US J&J, Moderna COVID-19 boosters weeks away, Fauci says

REUTERS

WASHINGTON — Data needed to determine the advisability of booster shots of the Moderna Inc. and Johnson & Johnson coronavirus disease 2019 (COVID-19) vaccines is just weeks away, President Joseph R. Biden, Jr.’s chief medical adviser, Dr. Anthony S. Fauci, said on Sunday.   

Health officials signaled they expected boosters would ultimately be recommended for a broad swath of the population, but urged Americans not to seek booster doses until they have approval from the Food and Drug Administration (FDA).   

“We recommend that people wait until you get to the point where you fall into the category where it’s recommended,” he told CNN.   

On Friday, an FDA advisory panel recommended a third shot of the two-dose Pfizer/BioNTech vaccine for people age 65 and older or at high risk of severe COVID-19, but declined to endorse boosters for the wider population.   

Though the FDA is not bound by the panel’s recommendation, it will take it into consideration when deciding whether to recommend a third round of shots.   

“This is not the end of the story,” Mr. Fauci told CNN’s State of the Union program. “They’re going to continue to look at this, literally in real time,” Mr. Fauci added.   

People who have received the two-dose Moderna vaccine or one-dose J&J vaccine are still awaiting guidance on possible booster shots.   

“The actual data that we’ll get (on) that third shot for the Moderna and second shot for the J&J is literally a couple to a few weeks away,” Mr. Fauci told NBC’s Meet the Press program.   

“We’re working on that right now to get the data to the FDA so they can examine it and make a determination about the boosters for those people,” Mr. Fauci added.   

More data may also show a broader need for booster shots across the general US population, Fauci said.   

The United States leads the world in total reported COVID-19 cases and deaths. Nearly 676,000 people have died during the pandemic in the United States, figures compiled by Reuters showed.  

An increase in US cases and deaths in recent months has been most acute in areas with lower vaccination rates even as federal health officials implore vaccine holdouts to get their shots.   

Mr. Biden announced in August the government’s intention to roll out booster shots for people age 16 and older, pending approval by the FDA and Centers for Disease Control and Prevention experts.   

The FDA’s decision-making process does not negate the White House’s position favoring boosters, Mr. Fauci said, saying the plan was always contingent on FDA’s regulatory process.   

Dr. Francis Collins, director of the US National Institutes of Health, said on the Fox News Sunday program that he expects it would “become clear over the next few weeks that administration of boosters may need to be enlarged,” citing existing data from the United States and Israel indicating waning vaccine effectiveness over time.   

The officials also signaled the timeline for vaccine authorization for children from 5–11 years old is in the coming weeks.   

“For kids 5 to 11, the data is supposed to come in at the end of this month, and FDA will be working 24-7 to go through it,” Mr. Collins said. “So we all hope that can happen in weeks, and not months.” — Chris Prentice/Reuters   

Taiwan threatens to take China to WTO in new spat over fruit

PIXABAY

TAIPEI/BEIJING — Taiwan threatened to take China to the World Trade Organization (WTO) on Sunday after Beijing said it would suspend sugar apple and wax apple imports from the island on pest concerns, in the latest spat between the two over fruit.  

Relations between Taipei and Beijing, which claims democratically ruled Taiwan as its own territory, are at their lowest in decades, with China increasing political and military pressure to get the island to accept its sovereignty.  

China’s customs administration said it had repeatedly detected pests called Planococcus minor in sugar apples, also known as sweetsops or custard apples, and wax apples from Taiwan. It asked its Guangdong branch and all directly affiliated offices to stop customs clearance of those products from Monday.  

Taiwan’s Council of Agriculture Minister Chen Chi-chung said China had behaved unilaterally without providing scientific evidence, and criticized the announcement for coming during the traditional Mid-Autumn Festival, celebrated by Taiwan and China.  

“We cannot accept this,” Mr. Chen told reporters in Taipei about the decision, which he said his office had only received at 9 a.m. on Sunday.  

Taiwan has told China it will take the country to the WTO under the body’s dispute resolution mechanism if Beijing does not respond to Taipei’s request to resolve the issue under their existing bilateral framework before Sept. 30, he added.  

Taiwan Foreign Minister Joseph Wu tweeted that, following its military threats, China was now “weaponizing trade” and the move should cast doubt over its application last week to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, a free trade group.  

“China wants to join the high-standard CPTPP? Is this a joke?” Mr. Wu said.  

Sugar apples and wax apples are Taiwan specialties, although most are consumed domestically. The island is also known for its mangoes.  

This is the second time this year China has stopped fruit imports from Taiwan.  

In February, China banned imports of pineapples from Taiwan, citing “harmful creatures” that could come with the fruit. Taiwan had said there was nothing wrong with the pineapples and accused Beijing of playing politics. — Reuters 

Lucio Co renames Da Vinci Capital to The Keepers Holdings for ‘re-IPO’ of wine and liquor business

 

Over the years, Mr. Lucio L. Co has enjoyed success across the various business segments he has ventured into. Through Cosco Capital, Inc., he has led his companies to growth in the grocery retail, wine and liquor distribution, real estate, and oil and minerals businesses.

Mr. Co is popularly recognized for successfully growing the Puregold Price Club chain of supermarkets and S&R Membership Shopping outlets into one of the leading retail groups in the Philippines and in Southeast Asia.

Recently, Mr. Co’s wine and liquor distribution companies – Montosco, Inc., Meritus Prime Distributions, Inc., and Premier Wine and Spirits, Inc. – were transferred to Da Vinci Capital Holdings (DAVIN) as wholly-owned subsidiaries.

DAVIN was a publicly listed company acquired by Mr. Co in 2013 as a holding company for the family’s future businesses. In June of 2021, the Company increased its authorized capital in preparation for its full operation.

DAVIN has now been officially renamed The Keepers Holdings, Inc.

The new name is derived from the term “Keeper” – an honor given to a person who has shown outstanding achievement and commitment to the Scotch whisky industry. Mr. Co was bestowed this title by The Keepers of the Quaich, an exclusive and international society that recognizes outstanding achievement in those who work or evangelize about Scotch whisky and its industry.

But beyond whisky, Mr. Co’s wine and liquor distribution business has shown success in other spirits, particularly brandy, as well as in wines and other specialty beverages. The Keepers Holdings, through Montosco, Meritus, and Premier, has grown a comprehensive international brand portfolio.

Their product line includes market leaders such as Alfonso, Johnnie Walker, Chivas, Jim Beam, Jameson, Jinro, Absolut Vodka, Tanqueray, Jose Cuervo, Baileys, and other global brands that hold leading positions in their respective categories.

A recent study by the IWSR Drinks Market Analysis Limited, the global benchmark for beverage alcohol data and intelligence, showed that The Keepers controlled 74 percent of the imported spirits market volume in the Philippines in 2020.

Under the leadership of Mr. Co, The Keepers is projected to sustain its lofty position in the country’s imported spirits industry. The Keepers Holdings’ dominance in the imported spirits segment provides it an unparalleled understanding of the next generation of Filipino consumers who will be driving the growth in the near and medium-term.

The Keepers Holdings’ public debut intends to unlock the untapped potential of Montosco, Meritus, and Premier, thereby providing a platform for the group’s future growth and giving the investing public access to an investment outlet in the Philippine liquor industry.

In July 2021, The Keepers Holdings filed an application for a follow-on offering or a ‘re-IPO’ with the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE). Based on a prospectus dated July 13, 2021, The Keepers Holdings plans to offer up to 3 billion common shares at an offer price of P2.00 to P2.50 per share. The Keepers Holdings has engaged China Bank Capital Corp., PNB Capital and Investment Corp., and SB Capital Investment Corp. as joint issue managers, joint lead underwriters, and joint book-runners.


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[B-SIDE Podcast] ‘Privacy by design’: data protection and the upcoming elections

Follow us on Spotify BusinessWorld B-Side

Almost five million cyberattacks were attempted against desktop users in the Philippines from January to June of this year. This is about double the number of attacks recorded by digital privacy firm Kaspersky in the same period of last year. 

In this B-Side episode, National Privacy Commissioner Raymund E. Liboro speaks with BusinessWorld reporter Jenina P. Ibañez about preventing personal data misuse during the health crisis and in the lead up to the national elections next year. 

TAKEAWAYS 

The pandemic has increased privacy risks …  

Risks come about when companies do not consider accountability or ethics in processing personal data, Mr. Liboro said. 

Most privacy complaints at the start of the pandemic came from the misuse of health-related personal data; along with workplace, online retail, and identity theft complaints. 

Online lending applications have also been taking advantage of people in dire need during the pandemic by using their personal information to harass them into paying debts. 

… but these risks are preventable. 

“We can prevent these risks from happening because they are manmade,” Mr. Liboro said. 

Companies and government institutions should be accountable, compliant, and ethical in using personal data, in accordance with the Data Privacy Law. “Practice privacy by design. We do that by taking full cognizance of the potential risks that processing involves, and try to mitigate and address these risks,” he said. 

Filipino citizens, he added, should also make sure to be circumspect in consenting to offering personal data. People have a right to be informed about the use of their information. 

Personal data can be misused during the upcoming elections. 

Personal data could be misused and repurposed in the lead up to the national elections next year. The NPC had earlier flagged an election-related survey website that it found was collecting excessive data. 

“We will be coming up with policy advice for the national elections on what would be the fair and lawful use under the circumstances,” Mr. Liboro said. 

 

This B-Side episode was recorded remotely on Aug. 27. Produced by Paolo L. Lopez and Sam L. Marcelo.

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Investa Summit is back and now prepares you for stock market, crypto, NFTs, & new ways to get rich

Want to bag the Next Gen Money? Fret not as the Investa Summit 2021 will launch this Sept. 28, 2021 to show you the new earning opportunities and help you maximize your profits in stock market, cryptocurrency, NFTs, and global markets! We have invited top experts in the finance industry to give you valuable insights and tactics to help you achieve financial freedom.

Now in its 5th year, Investa Summit has gathered esteemed speakers both locally and globally who have truly mastered the craft. We will be giving you the chance to learn straight from:

  • Javi Medina, Managing Director of Buhawi Investment Management;
  • Edmund Lee, President and CEO of Caylum Trading Institute;
  • Julian Tarrobago, Chief Investment Officer of Unionbank;
  • George Asibal, Founder and CEO of Zeefreaks tribe;
  • Jonathan Lou Reyes, a decade trader in the forex market from XM;
  • Lawrence Lee, President and CEO of CTS Global;
  • Michael Enriquez, President and Chief Investments Officer of Sun Life;
  • Matt Cabangon, President of AAA Equities;
  • Marvin Fausto, President and CIO of COL Investment Management;
  • Luis Buenaventura II, CEO of BloomX and a renowned author;
  • Miguel Liboro, ATRAM’s Head of Fixed Income;
  • Emmanuel Deiparine, well-experienced Crypto trader;
  • Irving Ching, head coach of The Foundation;
  • Jem Francisco, a mentor of more than 3,000 students in CI Program;
  • Marso, a successful full-time NFT Artist;
  • Aaron Ramos of MagnusTV, an NFT game enthusiast; and
  • Christian Silverio, Investa’s very own Resident Trader

We are also honored to have in our ALL-STAR speaker roster these notable international traders & finance figures:

  • Tom Basso, Market Wizard, former CEO of the Trendstat Capital Management, Inc.;
  • Michael Covel, author behind the international best-seller book titled TurtleTrader;
  • George Tkaczuk, US investing champion of 2020;
  • Mark Ritchie II, featured in the notable Momentum Masters book;
  • Matt Caruso, Behaviour finance expert and top 4 in US Investing Championship;
  • Louise Bedford also known as the ‘Candlestick Queen’ of Australia; and
  • Colin Goltra, the director of Binance in Southeast Asia.

“We’ve always wanted to educate fellow Filipinos in a holistic manner and this year, we are progressing towards a unique learning experience for everyone,” Joanne Marquez, one of the project heads for this event, said.

According to Ms. Marquez, this event is going to be an exciting Summit for all traders/investors out there because this will bring together a rare mix of speakers who are market wizards, professional and institutional traders in their field, and those who have actually changed their lives through trading the stock market (local and globally), Cryptos, NFTs and a lot more — a rare opportunity that can take your skills to a higher level.

Investa Summit 2021 is organized by Investa, founded by three Filipino millennials namely JC Bisnar, CEO; JM Lapina, CMO; and Airwyn Tin, CTO, in 2015. Investa is the leading social-financial platform and mobile app in the Philippines that provides virtual stock market trading, analytical tools, market education, and a social network to empower traders and investors of all levels. The dream is to increase the investing population of the Philippines to 10 Million Filipinos — and Investa Summit 2021 is just one step towards that.

This event is truly beyond stock market trading as it will help you step foot in the various global and new markets and teach you how to maximize potential profits from it. The basic ticket can be purchased for as low as P1,999.

We hope to see everyone learn and level up from this exciting event!

Visit https://www.investagrams.com/investasummit to get your tickets now.

For more updates, follow Investa on https://www.facebook.com/Investagrams.

 


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