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Ayala unit posts 11% profit growth as economy reopens

AYALALANDLOGISTICS.COM

AYALALAND Logistics Holdings Corp. (ALLHC) reported income and revenue growth in 2021 as the company continues to see demand for industrial lots and as the company increased its leasable area by 8%.

In a statement on Wednesday, ALLHC said its businesses “gained momentum” due to the country’s economic reopening. The company reported a net income of P780 million in 2021, an 11% increase from the P702.8 million the company logged in 2020.

“Despite the ongoing crisis, ALLHC showed commendable operations in 2021. Our performance remained sound, and we posted healthy growth, enabling us to carry on with our growth aspirations,” ALLHC President and Chief Executive Officer Maria Rowena M. Tomeldan said.

ALLHC registered a 7% topline growth last year to P3.99 billion from P7.32 billion in 2020. The company’s total warehouse gross leasable area (GLA) increased 8% to 224,000 square meters (sq.m.) from 207,000 sq.m.

The company’s industrial lot sales grew 62% to P2.05 billion from P1.27 billion year on year. Revenues from its warehouse leasing business grew 16% to P404 million from P348 million in 2020.

However, earnings from its commercial leasing segment declined to P419 million, 20% lower than the P526 million generated in 2020.

“We are optimistic that business activity will continue to improve this 2022,” Ms. Tomeldan said.

Earlier this month, ALLHC announced its acquisition of a 64,000 sq.m. ready-built facility in Sto. Tomas Batangas. ALogis Sto. Tomas increased its leasing portfolio to 288,000 sq.m.

ALLHC shares at the stock exchange went up 5.68% or 26 centavos to close at P4.84 apiece on Wednesday. — Keren Concepcion G. Valmonte

Care packages

COVID Care Essentials — PHOTO FROM GETWELLSUPPLIES.COM

From oximeters to soup — everything one needs to get through isolation

IN these very unkind times —  the elections, the pandemic, conflict, and all the things that keep us awake at night —  gestures of love and kindness go a long way. There is now a business selling care packages that can be a way to express those feelings to someone you love or even yourself.

Get Well Supplies has a variety of gift hampers that contain items that may help during an illness. The COVID Complete Care package (P3,200), for one, can see a loved one through a 14-day stretch in isolation. It contains, among other items, an oximeter, a thermometer, alcohol and disinfectants, masks, vitamins and supplements (such as Vitamin C and Zinc, melatonin, Vitamin D3, and fish oil capsules), and even lozenges, mouthwash, and a tub of Vicks Vaporub. Then there is the Get Well Soup package which contains packs of frozen soup (a Sampler Pack, P670, contains tomato, mushroom, and of course, chicken soup). And, poignantly, a box for expressing sympathy to someone grieving: The Compassion Box (P3,000). It includes a box for the keepsakes of someone who has passed, a journal, a calming candle, chamomile tea, and healing crystals (amethyst, moonstone, rhodonite, and rose quartz).

“We are a gifting company that is focused on offering practical items that help people in their journey towards recovery. We do not claim to heal a person’s mental or physical sickness; we put together practical and functional items that are complementary in their recovery process,” said Java Gancayco, co-founder of Get Well Supplies.

Ms. Gancayco started the business after her husband’s own bout with COVID-19, early in the pandemic in 2020.

“Our company is inspired by the kindness of the people around us. When my husband got COVID around July-August of 2020, our friends rushed to our aid and offered to help us in whatever way they can. They were very generous to offer their time and resources to make sure we were okay. We learned firsthand that people are willing to go out their way to look out for people they care about and to make their presence felt in challenging times,” she said in an e-mail to BusinessWorld.

She recalls that at that time there was very little information on what to do or what to have handy when someone was infected with COVID-19. “Information on what products to have and what actions to do next were not that organized at that time, which leaves people confused and feeling more helpless,” she said.

“Our friends, upon learning that our household is affected by COVID, had to do their own research as to what items are necessary for COVID patients. In the process, they had to physically go to different stores to buy everything on their list/s. We were so touched by their efforts and thoughtfulness, but at the same time, we felt bad that they had a challenging time putting everything together. We felt that there should be an easier, better way to show kindness and support, and that’s when we’ve decided to put up GWS.”

The Get Well Supplies website contains a disclaimer: “The vitamins and supplements inside each GWS Care Package are not medicinal drugs and should not be used to treat symptoms of any disease. Please consult your physician for possible treatment options.” Ms. Gancayco, explains, however, that “The contents in our care packages are backed by research and recommended by medical professionals. For example, we have consulted with a doctor and medical professionals in putting together the contents for our COVID care packages. In the process of putting together a care package, we made sure that the contents are safe and complementary in the journey towards recovery. We will continue to do the same for our upcoming packages for different illnesses.”

She reminds customers though: “The statement about the vitamins and supplements in our COVID care packages is there to remind people that these vitamins and supplements are NOT medicinal drugs — patients will still need to take their doctor-prescribed medicines. We understand that patients would have varying symptoms and different medical histories, so it is still necessary to consult with their respective healthcare providers to get the most suitable treatment plan.”

RESTORATIVE SOUP
The word “restaurant” apparently came from eateries that served a restoring broth, thus enshrining the age-old belief that soup can help during an illness. Whether or not this is true (though your mother and grandmother will still push a bowl towards you), Ms. Gancayco says, “Soups, when prepared with healthy ingredients, can have nutritional benefits. Our soups are made with all-natural ingredients without the bad stuff —  such as condiments, preservatives, and thickeners. In addition, our signature soup variants are carefully chosen to have the ingredients that aid recovery.”

Their soups are prepared by a commissary that specializes in healthy foods. “We do, however, give them directives on the production, like what ingredients to have and avoid and which variants to include,” she said. She cites that the tomatoes are rich in antioxidants, that chicken soup has anti-inflammatory properties and contains amino acids, while mushrooms “help modulate the immune system.”

She further cites an article from Psychology Today (https://www.psychologytoday.com/us/blog/minding-the-body/201810/soup-ology-the-science-soups-appeal) that discusses how soup helps the mind during illness, bringing comfort through the idea of care, (literal) warmth, and boosting one’s appetite.

One day, the pandemic will end, and we hope that that day comes sooner rather than later. With a business model founded around the pandemic, how will this company carry over into a post-pandemic future? “As you’ve pointed out, people naturally will still experience sickness even if it’s not COVID,” said Ms. Gancayco. “In addition, setbacks and trials are inevitable. We aim to be the go-to brand that can provide the necessary items and offer the in-demand service that will help people and/or their loved ones make challenging times a bit easier and more convenient,” she said.

“While our company started with COVID care packages, we will soon be offering other product offerings and services,” she added, saying that the company plans to offer more lines on their first anniversary this April.

“We’re grateful to have kind and generous (not to mention, loyal) customers who continuously use our service and buy our products. While we’ve had customers share how our products have helped their loved ones get through COVID, most of the heartwarming messages that we get are more about the convenience and practicality of our service.”

Visit getwellsupplies.com for details and orders. —  Joseph L. Garcia

Ovialand revenues up 90%   

PROPERTY developer Ovialand, Inc. posted a 90% revenue growth from the sale of 433 house-and-lot units across its development projects.

In an interview with BusinessWorld on Wednesday, the company said it generated an unaudited P873 million last year from P462 million in 2020. Ovialand said the majority of its sales were taken out by financing institutions such as the Home Development Mutual Fund or Pag-IBIG Fund.

The company said the sales were derived from its four developments, namely: Phase 1 and 2 of its Sannera project, Savana, and Caliya project in Candelaria, Quezon. Ovialand increased prices by 3-8% last year.

“It’s a result of increasing [prices of] raw materials but we also want to retain our value for money. So even if there’s a slight increase in our price, we’re still aiming to give our clients the best ‘value for money’ house-and-lot that they can buy at that price point,” Ovialand President Marie Leonore Fatima Olivares-Vital said.

In a statement on Wednesday, Ovialand said it is looking to complete 600 houses in Southern Luzon “and begin expanding in areas where it is poised to grow its market share.”

Ovialand is working on its 10-hectare Santevi project in San Pablo, Laguna. The company previously said it would invest P850 million in the development, which is a house-and-lot project done in collaboration with Japan’s Kyushu Yaesu Co. Ltd.

The company is also eyeing to launch three new projects by 2023.

Ovialand is planning to raise capital with a P1.5-billion initial public offering (IPO) this year, proceeds of which will be used for its current projects but 50-60% or “a big chunk of it will be used for land banking for the next five years.”

It aims to purchase 50 hectares this year and next, with a goal of expanding its current 43-hectare land bank to 200 hectares in the next five years. The company is hoping to build 3,000 house-and-lot units across the country yearly by 2025.

“We’re trying to do a very disciplined approach with the growth and attacking it in a per region level so that management will be able to execute it efficiently and effectively rather than spreading the organization to so many places at once,” Ms. Olivares-Vital said.

Ovialand has tapped China Bank Capital Corp. to be the underwriter for its P1.5-billion IPO. — Keren Concepcion G. Valmonte

Do low-carb diets help you lose weight? Here’s what the science says

FARHAD IBRAHIMZADE/ UNSPLASH

In the 1970s, low-carb diets were all the rage. The Dr. Atkin’s Diet Revolution book claimed carbohydrate restriction was a “high calorie way to stay thin forever.”

Carbohydrates are found in breads, cereals and other grains, fruit, vegetables and milk. They’re also in ultra-processed fast foods, cakes, chips, and soft drinks.

These days, low-carb diets are promoted as a weight-loss solution, to beat heart disease and as better for diabetes. But how do these claims match up with the latest research?

A new review of the evidence found long-term low-carb dieters lost just under a kilo more weight than other dieters. However the review concluded there was no evidence low-carb diets have any additional health benefits.

In fact, if you’re on a low-carb diet, you’ll need to pay closer attention to what you eat to make sure you get enough essential vitamins, minerals, dietary fiber and other phytonutrients.

The Cochrane review included 61 randomized controlled trials (the highest level of evidence) with almost 7,000 adults with excess body weight. About 1,800 had type 2 diabetes. People in the healthy weight range were not included.

The reviewers compared weight-loss diets that varied in carbohydrate content:

• lower carbohydrate diets. This included very low-carb or ketogenic diets (less than 50 g of carbs a day or less than 10% of your total energy from carbs) and low-carb diets (50-150 g of carbs per a day, or less than 45% of total energy from carbs)

• “balanced” carbohydrate diets (150+ grams of carbs a day, or 45-65% of your total energy from carbs)

The reviewers found that among adults with excess body weight (but who didn’t have type 2 diabetes), those following lower-carb diets for three to 8.5 months lost, on average, one kilogram more weight than those on balanced carb diets.

However, when they ensured restrictions in energy intake were the same in both groups, by providing the food or meal plans, the difference was about half a kilogram.

In longer-term weight-loss interventions lasting one to two years, the average difference in weight-loss between those on low-carb versus balanced carb diets was just under one kilogram.

The average weight lost by groups on any weight-reducing diet varied greatly across the trials from less than one kilogram in some, up to about 13 kg in others.

The studies in adults with type 2 diabetes found greater initial weight loss on low-carb diets compared to balanced carb diets: 1.3 kg over three to six months. However, in longer interventions that lasted between one to two years, there was no difference.

In the small group of studies that included a maintenance period at the end of the weight-loss intervention, there were no differences in weight-loss in adults either with or without type 2 diabetes.

There were no significant differences in other health measures, including blood pressure, cholesterol, blood sugar control, or risk of constipation. And they found no important clinical differences in results based on the extent of participants’ carb restriction.

Overall, the review shows that whether you prefer a lower carb or a balanced carb eating pattern, both can work for weight loss.

Carbohydrate is a macronutrient. Your body uses it to produce energy to fuel your muscles, brain, lungs, and other vital processes.

Healthy foods with carbs —breads, cereals and other grains, fruit, vegetables and milk — are packed with other important nutrients, especially dietary fiber, thiamine, calcium and folate.

Without careful planning, a low-carb diet could also be lower in these nutrients. So how can you ensure you’re consuming enough? Here’s what to look out for — and some lower- and higher-carb options.

Dietary fiber is needed to keep your bowel function regular and promote growth of healthy bacteria in your colon.

Lower carb sources: spinach, fresh and frozen mixed berries, almonds, cauliflower

Higher carb sources: wholegrain bread, apples, chick peas, sweet potato.

Thiamin or vitamin B1 is needed to supply energy to your body’s tissues and is used to metabolize carbohydrates.

Lower carb sources: trout, tuna, sunflower seeds, beef, yeast extracts

Higher carb sources: brown rice, black beans, whole meal bread, yoghurt.

Calcium is needed for strong bones.

Lower cab sources: hard cheese, canned salmon with small bones, almonds, firm tofu

Higher carb sources: yoghurt, milk, soft cheese.

Folate is essential for growth and is used to manufacture DNA, your genetic code. Adequate intakes are especially important for women, as folate is needed to prevent neural tube defects in infants during pregnancy.

Lower carb sources: green leafy vegetables, avocado, broccoli, peanuts

Higher carb sources: whole meal bread (Australian bread-making flour is fortified with folic acid), fortified wholegrain cereals, brown rice, oranges.

Ultimately, if you love carbs and want to lose weight, you can. Plan to lower your kilojoule and carb intake by not eating ultra-processed, energy-dense, nutrient-poor (junk) foods, while still eating carbohydrates from healthy foods.

Clare Collins is a Laureate Professor in Nutrition and Dietetics at the University of Newcastle, NSW and a Hunter Medical Research Institute (HMRI) affiliated researcher. She is a National Health and Medical Research Council (NHMRC) Leadership Fellow and has received research grants from NHMRC, ARC, MRFF, HMRI, Diabetes Australia, the Heart Foundation, the Bill and Melinda Gates Foundation, the nib foundation, Rijk Zwaan Australia, WA Deptartment Health, Meat and Livestock Australia, and Greater Charitable Foundation. She has consulted to SHINE Australia, Novo Nordisk, Quality Bakers, the Sax Institute, Dietitians Australia and the ABC. She was a team member conducting systematic reviews to inform the 2013 Australian Dietary Guidelines update and the Heart Foundation evidence reviews on meat and dietary patterns.

 

Erin Clarke and Rebecca Williams are affiliated with the School of Health Sciences, College of Health, Medicine and Wellbeing, The University of Newcastle, NSW, Australia.

Toyota to launch all-new Avanza as demand rises 

TOYOTA

TOYOTA Motor Philippines Corp. (TMP) is set to launch the all-new Avanza on March 7 to meet the continuous rise in the local demand for commercial vehicles.

In a statement, the car manufacturer said that reservations and inquiries on the new Avanza will begin on March 1 across all authorized dealerships in the country. Select dealerships will also offer test drives to interested customers soon after the official launch date.

TMP disclosed that the 2022 iteration of the Avanza in the country will be available in four grades and five colors, with the retail price beginning at P813,000.

“TMP has been bullish in introducing compact cars in the commercial vehicle segment that will be attractive to customers looking for a reliable, efficient, plus easy and fun to drive rides,” the company said.

According to TMP, the Avanza was last refreshed in 2019. The new model joins the recently introduced Raize under a group of products designed under a new global architecture platform.

“Our mobility requirements are rapidly evolving, especially after the disruptions caused by the pandemic, but one thing remains constant — Filipinos will always need a reliable car that can offer ample, comfortable space for the family, including extended family members,” TMP First Vice-President for Vehicle Sales Operations Sherwin Chualim said.

“This has always been the strength of the Avanza, but for this 2022 release, expect even more value-for-money features on top of its striking style upgrades inside and out,” he added. — Revin Mikhael D. Ochave

Anyone can bake

If you have the right cookbook

THERE’S a notion that baking can be a challenge: there’s the precise measurement of ingredients, the crippling fear of making a mistake —  and of course, the sheer dissatisfaction of chewing through a cookie as hard as a rock, or else a cake so dry it ruins a day. Celebrity chef Myke “Tatung” Sarthou’s book, Baking Simpol, is meant to remedy that.

The cookbook is hitting physical bookstores next month (it is already selling on online platforms).

“Baking seems to be the holy grail of cooking. It is where even experienced cooks and chefs sometimes fail because it’s a totally different ball game. The mechanics and chemistry of it all are more complex and thus, need a little more understanding for you to be successful with it,” he says in the book. The book has 243 pages, and is written in a conversational tone — Mr. Sarthou describes a Hummingbird Cake as such: “It’s like a banana cake but with pineapple. It will make you happy.”

Late last year, Mr. Sarthou’s Simpol the Cookbook brought home awards in two categories at the Gourmand World Cookbook Awards: one for Easy Recipes at Home, and another for Celebrity Chef – World category. “I did not have lofty aspirations for the Simpol cookbook when I sat down and wrote the manuscript. My mantra from the very beginning was, well, simply, to make cooking ‘simpol’ for everyone. So, it was less about displaying flair and sophistication and more about convincing readers to actually try cooking their own meals. That motivation must have resonated with the judges at the Gourmand World Cookbook Awards,” he said.

“At the same time, Filipino cuisine continues to enjoy its moment under the global culinary spotlight. Filipino ingredients, dishes, and restaurants are gaining recognition abroad. Foreign foodies taking notice of our cuisine for the first time and novice Filipino cooks trying their hand at cooking both find a common ground in this humble book,” he said.

The same spirit is infused in this new work. “Having a baking manual made by Filipinos for Filipinos is important because it is able to place the methods and the ingredients in the local context,” said the chef. “For one, ‘room temperature’ as referenced in foreign books may not be as we know it here. Ingredients listed in the book are also readily available in local groceries.”

One may think that after the pan de sal and the buko pie and pili tarts and whatnot, it’s easy to assume that baking in the Philippines isn’t as strong a force as one might like. Mr. Sarthou disagrees. “All it takes is one careful look at our neighborhood bakeries to argue that baking is actually a big part of the Philippine culinary tradition. We boast of a plethora of baked goods that can rival those of other cuisines. I try to highlight these recipes in the cookbook, especially those that I enjoyed in my youth. Coconut macaroons, torta bisaya, binangkal, alfajores, inipit, and taisan loaf are just a few of these delicious Filipino baked goods found in Baking Simpol. The mission of this book is to bring these baking traditions into our homes.”

At the same time, he does know that baking hasn’t reached many Filipino homes. “We have to destigmatize baking. I think the fear that many home cooks harbor towards this cooking method is unfounded. At the end of the day, it’s just that — another cooking method. There are simple and complex stews and roast dishes as there are for baking.”

He recalls a childhood story rooted in baking, that shapes his career to this day:

“I, for one, started baking really young at eight years old. In fact, this was my first exposure to cooking. Preparing savory dishes came later. The first recipe I learned is a one-egg cake. It was my mother who held my hands throughout the process that involved measuring, sifting, and mixing. It was a fun and delicious experience that has led me to my culinary career today. I hope to be the same influence on my readers,” he said.

“I want to make baking simple and enjoyable that it becomes part of their everyday lives.”

VERSATILITY
Mr. Sarthou is also a restaurateur, and many people have fond memories of his restaurants Talisay and Pandan. However, because of the COVID-19 pandemic, many people have not been able to visit them in almost two years. In that gap, however, Mr. Sarthou has diversified his interests.

Between 2020 to 2021, Mr. Sarthou has boosted his content on his YouTube channel, released three cookbooks, and has become co-owner and president of Vertikal Media, under which lies their publishing arm, Vertikal Books, which published his works.

While his restaurants have reopened in the breathing space provided by the reduction of COVID-19 cases, he looks back at how he (and his readers and viewers) diversified in the years since.

“Filipinos have found more confidence in the kitchen during the pandemic. At the height of the community quarantines, Filipinos who were stuck at home and without access to their favorite restaurant fare were forced to prepare [food to satisfy] their cravings at home. Food trends also required home cooks to up their kitchen game. Imagine, baking sourdoughs at home even became a thing. Chefs like me had to be creative to remain relevant during this time. I’m thankful to have bolstered my calling of guiding home cooks in their culinary journey during this period… I remain committed to my mission to share what I know in the kitchen.” —  Joseph L. Garcia

TDF yields mixed on inflation outlook, geopolitical tensions

YIELDS on the central bank’s term deposits ended mixed on Wednesday amid higher inflation expectations and growing tensions between Russia and Ukraine.

Total bids for the term deposits of the Bangko Sentral ng Pilipinas (BSP) reached P571.048 billion on Wednesday, above the P500-billion offer but lower than the P637.875 billion in tenders last week.

Broken down, the seven-day papers fetched bids amounting to P259.007 billion, going beyond the P190 billion auctioned off by the BSP but failing to beat the P302.236 billion in bids a week ago.

Accepted rates were from 1.625% to 1.6995%, inching down from the 1.65% to 1.7125% margin in the prior auction. This caused the average rate of the one-week papers to decline by 1.13 basis points (bps) to 1.6745% from 1.6858% previously.

Meanwhile, tenders for the 14-day deposits amounted to P312.041 billion, slightly above the P310 billion auctioned off by the BSP but lower than the P335.639 billion seen the previous week.

Banks asked for yields ranging from 1.659% to 2.39%, increasing from the 1.65% to 2.2% on Feb. 17. With this, the average rate of the two-week deposits rose by 8.38 bps to 1.7882% from 1.7044% in the prior auction.

The central bank has not auctioned off 28-day term deposits for more than a year to give way to its weekly offering of securities with the same tenor.

The term deposit facility (TDF) and the 28-day bills are used by the BSP to mop up excess liquidity in the financial system and to better guide market rates.

The average yields on the term deposits were mixed after the central bank raised its inflation forecasts for 2022 and 2023, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

The BSP’s policy-setting Monetary Board on Thursday kept benchmark interest rates at record lows, as widely expected by the market. However, BSP Governor Benjamin E. Diokno appeared to be less dovish as he hinted on an “eventual normalization” of policy once recovery is sustained or if inflation risks arise.

At the same meeting, the BSP said they expect inflation this year to average at 3.7%, faster than the 3.4% given in December but still within the 2-4% target and slower than the 4.5% in 2021. The inflation forecast for 2023 was likewise raised to 3.3% from 3.2%.

BSP officials said higher global oil and nonoil prices may cause faster inflation this year.

Mr. Ricafort said there were also concerns over rising tensions between Russia and Ukraine and its impact to oil prices.

Russia has ordered its troops to support separatist region in Ukraine earlier this week, Reuters reported. As a retaliatory move, Western nations including the US, UK, and Germany imposed economic sanctions by restricting their business deals with Russia and the conflicted areas.

Amid such tensions, oil prices hit its highest level since 2014 at nearly $100 a barrel on Tuesday. An official from the US State department assured that the current tensions in Ukraine will not risk the supply flow of oil and gas to global markets. — L.W.T. Noble with Reuters

ACEN sells power barge to SPC for P39 million

AC Energy Corp. (ACEN) on Wednesday said it had executed a deed of absolute sale and assignment to sell its 32-megawatt (MW) power barge 102 (PB 102) to SPC Power Corp. for P39.2 million.

In a disclosure to the exchange, ACEN said the sale was finalized on Feb. 22 and that the proceeds from the deal will be used to fund the firm’s renewable energy projects.

PB 102 is an oil-fired diesel power barge with four units each with a capacity of 8 MW. It is in Brgy. Obrero, La Paz, Iloilo City. Power barges are floating power plants that are ideal for energizing coastal areas.

In a separate disclosure, SPC said the transaction was closed after the Power Sector Assets and Liabilities Management Corp. (PSALM) approved the assignment of the lease agreement covering the mooring site of PB 102.

The valuation of PB 102 was based on the expected beneficial value from the purchased item as spare parts for SPC’s existing unit as well as the market value of the hull, SPC said.

In Sept. 15, 2021, ACEN inked an asset purchase agreement with SPC subsidiary SPC Island Power Corp. (SPIC) for the sale and purchase of PB 102 and PB 103, which SPIC intended to assign to SPC.

SPC then accepted SPIC’s assignment of obligation and rights and authorized the purchase of the power barge on Dec. 9. The parties have yet to finalize the absolute sale of PB 103.

On Jan. 21, ACEN sold its power barge 101 for P126 million to Razon-led MORE Power Barge, Inc. an affiliate of MORE Electric and Power Corp., which distributes power in Iloilo City.

ACEN no longer has an operating power barge and will reinvest all proceeds from the sale of its three power barges to its renewable energy projects. The firm targets reaching 5,000 MW of net attributable capacity and becoming the largest renewable energy platform in Asia by 2025.

As of November 2021, ACEN has around 3,000 MW of attributable net capacity, of which renewable energy capacity accounted for a share of 83% or 2,509 MW.

At the local bourse, the firm’s shares slipped 21 centavos or 2.37% to close at P8.65 apiece on Wednesday. — Marielle C. Lucenio

Meteorites from Mars, outer space land on Christie’s auction block

NEW YORK —  Meteorites are striking gold among collectors, with a dilapidated dog house that survived a hit from outer space expected to fetch up to $300,000 at a Christie’s auction, and a chunk of Mars going for as much as $800,000.

Bids are soaring for lots in “Deep Impact: Martian, Lunar and other Rare Meteorites” at a time when space is the limit, with the launch of SpaceX, the world’s first all-private space crew, and Don’t Look Up, the Oscar-nominated film about a comet speeding toward Earth.

The online-only sale of 66 lots ending on Wednesday includes “meteorites containing the oldest matter humankind can touch,” Christie’s said in a statement.

Items include “rocks that have been jettisoned by larger meteorite impacts on the moon or on Mars,” astrophysicist Neil DeGrasse Tyson said in an interview. “These rocks escaped, those bodies wandered through space, some of which landed here on Earth.”

The top prize is expected to go to the third largest Mars rock on Earth. But the quirkiest item up for grabs since the auction opened on Feb. 9 is a doghouse.

The kennel’s resident Roky, a German Shepard, was inside and narrowly escaped when a meteorite crashed through the tin roof in April 2019 in Aguas Zarcas, Costa Rica.

“A seven-inch hole marks where the meteorite punctured the roof,” Christie’s said in the treasure’s description.

“He was almost nailed by a meteorite. Gratefully, that was not the case,” said Darryl Pitt, curator of the Macovich Collection of Meteorites, a consultant for the auction.

A meteor-struck cow in Venezuela in 1972 was not so fortunate. Its remains were butchered by a farmer and eaten.

So far, humans have been spared. And, while fiery crashing meteorites may be terrifying, they actually are commodities in an industry known as the meteorite trade, Mr. Tyson said

“You might go your whole life without ever touching a meteorite, but there are people who have devoted their entire careers to finding them in the wild, and they often go up for sale either to merchants or at an auction,” Mr. Tyson said.

“So, if you want a piece of the universe other than Earth, they’re available to you.”

Mr. Tyson sees no shortage of those precious prizes from outer space now or in the near future.

“There’s probably many more tons of Moon meteorites and Mars meteorites scattered on Earth than are currently in our collections,” Mr. Tyson said.

“In a way, the universe is coming to us.” — Reuters

Obiena rules Orlen Copernicus Cup in Poland with 5.81m jump

WORLD No. 5 Ernest John “EJ” Obiena replicated his season-best 5.81 meters to reign supreme in the Orlen Copernicus Cup in Torun, Poland on Tuesday.

It was the Filipino Olympian’s second victory of the year after he topped the Orlen Cup in Lodz, Poland on Feb. 12 with another 5.81m.

Mr. Obiena’s effort in Lodz earned the Southeast Asian Games gold medalist and Asian record-holder a spot to the World Indoor Championships set on March 18-20 in Belgrade, Serbia and the World Championships slated for July 15 to 24 in Eugene, Oregon.

The recent feat also made up for a disappointing performance in the Meeting Hauts-de-France in Lievin, France where he cleared only 5.61m a week ago.

On this one, Mr. Obiena cleared the gold-clinching height on his third and final attempt to edge out Ben Broeders of Belgium and Tokyo Olympics bronze medalist Thiago Braz of Brazil, who settled for the silver and bronze, respectively, with identical 5.71m.

He went for 5.91m but failed on three attempts.

Mr. Obiena’s career best is a 5.93 he set in last year’s Golden Roof Challenge in Innsbruck, Austria. — Joey Villar

AMLC issues freeze orders vs 16 groups designated as terrorists

BW FILE PHOTO
THE ANTI-MONEY Laundering Council has issued freeze orders on the assets of groups designated as terrorists. — BW FILE PHOTO

THE ANTI-MONEY Laundering Council (AMLC) ordered banks, real estate brokers and developers, and government agencies to immediately carry out freeze orders on accounts and assets of 16 newly designated groups by the Anti-Terrorism Council (ATC).

Through AMLC Resolution No. TF-50, Series of 2022 posted on its website, the “dirty money” watchdog said the orders should be implemented immediately against organizations designated as terrorists by the ATC’s Resolution No. 28 (2022) dated Jan. 26.

The orders cover funds and assets of 16 groups including the Revolutionary Council of Trade Unions, Katipunan ng mga Samahang Manggagawa or Federation of Labor Organizations, Pambansang Katipunan ng Magbubukid or National Association of Peasants, Malayang Kilusan ng Bagong Kababaihan or Patriotic Movement of New Women, Kabataang Makabayan or Patriotic Youth, Katipunan ng Gurong Makabayan or Association of Patriotic Teachers, Makabayang Samahan Pangkalusugan or Patriotic Health Association, and Liga ng Agham para sa Bayan or League of Scientists for the People.

Other groups that were also designated as terrorists include Lupon ng Manananggol Para sa Bayan or Committee of Lawyers for the People, Artista at Manunulat Para sa Sambayanan or Artists and Writers for the People, Makabayang Kawaning Pilipino or Patriotic Government Employees, Revolutionary Organization of Overseas Filipinos and their Families, Christians for National Liberation, Cordillera People’s Democratic Front, Moro Resistance and Liberation Organization, and the Revolutionary Organization of Lumads.

The AMLC told covered institutions and relevant government agencies to immediately submit a written return for freezing the funds and assets of the designated groups.

Covered institutions are ordered to freeze the property or funds owned or controlled by the subject of designation. The AMLC said this is not limited to those that are directly related or can be tied to a particular terrorist act, plot, or threat.

Relevant government agencies like the Land Transportation Office, Land Registration Authority, Registry of Deeds, Maritime Industry Authority, and the Civil Aviation Authority of the Philippines were likewise alerted of the freeze order.

Assets that are wholly or jointly owned by the designated persons, as well as those generated from funds of the designated are also expected to be frozen.

Property or funds of persons and entities that are acting with the direction of designated groups are likewise covered by the freeze order.

“All covered persons are mandated to submit as Suspicious Transaction Report all previous transactions of the designated persons within five days from effectivity of this order,” the AMLC said.

The dirty money watchdog said persons and organizations that have been designated may avail of remedies to challenge this.

The Anti-Terror Act of 2020, which provided for the creation of the ATC, was meant to strengthen measures versus terrorist financing and dirty money. However, several petitions are pending before the Philippine Supreme Court questioning the law’s threat to freedom of expression and human rights.

Last year, the AMLC said the Financial Action Task Force will closely monitor urgent compliance by covered persons to freeze orders after the country was included in the global dirty money watchdog’s “gray list” in June 2021.

Government officials hope the country will exit the gray list by January 2023. — L.W.T. Noble

Smart Communications extends assistance to stranded Filipinos in Ukraine

SMART Communications, Inc., the wireless arm of PLDT, Inc., announced on Wednesday that it is extending assistance to Filipinos stranded in Ukraine, which is reportedly being invaded by Russia.

“We are monitoring the situation in Ukraine and are ready to assist our kababayans (compatriots). It is important to equip them with services to help them communicate and access information, especially during time of crisis. We are also praying for their safety as they await repatriation or evacuation,” Alfredo S. Panlilio, PLDT and Smart Communications president and chief executive officer, said in an e-mailed statement.

Smart said it is giving almost 1000 roaming customers in Ukraine free 1GB (gigabyte) Gigaroam subscription valid for five days “to help them place urgent calls and texts or to assure their families and friends of their safety.”

Smart users in Ukraine can also get instant and free access to the Philippine telco’s data roaming manager by going to gigaroam.smart.com.ph.

On Tuesday, Russian President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine, a move that drew swift international condemnation.

Cabinet Secretary Karlo Alexei B. Nograles said during a briefing that the Presidential Palace was “preparing for any and all eventualities” in Ukraine.

The Palace official also noted that the government hopes that parties in the Russia-Ukraine crisis will “explore all avenues for peace.”

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arjay L. Balinbin