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Peugeot PHL roars forward with a new distributor

Peugeot brings in the new 5008 SUV, priced at P2.26 million. — PHOTO FROM PEUGEOT PHILIPPINES

A new lineup and new dealerships are in the pipeline

HAVE YOU HEARD?

French automotive badge Peugeot will now be further enriched by Astara (formerly known as Berge Auto) — its new, official distributor in the Philippines. Astara, in case you didn’t know, is a huge, progressive-thinking automotive distribution and mobility services group that was founded way back in 1979. It now already has an established presence in European and Latin American countries, such as in Spain, Portugal, Germany, Switzerland, Chile, Peru, Argentina and Colombia. And interestingly, the Philippines, being an important market to Peugeot, is one of the starting points of Astara in its expansion project into Asia.

This major takeover of the distributorship highlights the new partnership between Astara and Stellantis — now the fourth largest automaker in the world (which came about when the PS Group and Fiat Chrysler Automobiles decided to merge their 14 diverse brands), which also happens to house the Peugeot brand.

Stellantis Senior Vice-President for ASEAN and General Distributors Christophe Musy explains his vision that “Astara will bring its strong expertise in strategy implementation and a wealth of cross-market experience to realize the potential of Peugeot in the Philippines.”

Meanwhile, Peugeot Philippines Brand Head Maricar Parco shares that “Having just celebrated our 10th anniversary in the Philippines, we are energized to continue building our momentum in the country through our great vehicles and after-sales service offerings with Astara as our partner.”

During the same press conference, Peugeot Philippines, in partnership with Astara, also officially launched its new 5008 SUV — a premium, seven-seater SUV that is especially equipped with more sophisticated advanced driver assistance systems (ADAS) and a new-generation i-Cockpit that offers a modern and more immersive driving experience.

Powering the new Peugeot 5008 SUV is a 1.6-liter scroll turbo high pressure (THP) engine mated to a six-speed automatic transmission. It manages to spit out 165hp and 240Nm maximum torque. With it, the vehicle advertises a delightful balance between engine performance and fuel efficiency.

The supply of our country’s new 5008 SUVs will be assembled at the Stellantis manufacturing plant located in Gurun, Malaysia. As of the moment, their executives say that the brand has no plans of sourcing their vehicles from China, where another Stellantis factory is. Having said that, the Malaysian plant works well for them as they get to test all the vehicles built in that plant against the unique and challenging driving and road conditions of Southeast Asia. As a matter of fact, the new 5008 was already put to the test by having it endure about 300,000 combined kilometers of driving within the local Southeast Asian climate and landscape.

The new Peugeot 5008 SUV will be sold for P2.26 million in the country; and is already available for viewing or purchase in all of the Lion brand’s showrooms in the country.

At the end of the day, it’s an exciting time for Peugeot Philippines as Astara is primed to help it blast through its new digital transformation — in all aspects, mind you. Such transformation should locally start becoming more evident around the second quarter of 2022. Alongside that, Peugeot Philippines also plans to expand its reach further and open seven more dealerships in the country, bringing its near-future total to 11 shops nationwide.

Peugeot Philippines Managing Director Raoul Picello points out, “Our investment will help infuse a renewed sense of vigor for Peugeot Philippines and its patrons… creating a more purposeful brand that resonates to the Philippine market.” He also added that he hopes, “as we move forward and grow together, these exciting changes can help us meet the ever-changing needs of Filipinos.”

That’s a lot of things to look forward to as the Year of the Tiger roars in!

Transactions on NextPay reached P1 billion in 2021

LOCAL financial technology startup NextPay has reached the P1-billion volume mark in 2021, backed by digital transactions of small businesses.

“Invoice payments, employee salaries, and vendor payments were the main drivers for this milestone, backed by a customer base that has grown by roughly 20 times over the last 12 months,” NextPay said in a statement.

The startup was launched in 2020 with services geared for a market that includes entrepreneurs, and freelancers.

NextPay’s customer market also includes small and medium enterprises in industries such as consumer goods, technology, healthcare, investment management, automotive, e-commerce, and agriculture, among others.

Its services include digital invoicing, cash management, and batch payments to any bank or e-wallet in the Philippines.

The company also launched online-to-offline disbursements through remittance centers.

NextPay raised $1.9 million in funding in 2021. This includes the pre-seed backing of Silicon Valley-based startup accelerator Y Combinator. Meanwhile, the seed funding round was led by Singapore-based Golden Gate Ventures and Sy-led Gentree Fund.

“We expect to persist on a growth path this 2022, as we continue to introduce more innovative financial services that empower growing businesses with big banking solutions,” NextPay Chief Executive Officer and Co-Founder Don Pansacola said.

NextPay is eyeing more fundraising activities in 2022, it said.

“We aim to introduce more flexible disbursement options, as well as explore high-growth areas of trade financing, corporate cards, and cryptocurrency services,” NextPay Chief Experience Officer and Co-Founder Aldrich Tan said. — LWTN

SF Niners upset GB Packers

SAN FRANCISCO 49ers kicker Robbie Gould (9) kicks the game-winning field goal against the Green Bay Packers for a 13-10 victory during their NFL divisional round football playoff game on Saturday, Jan. 22, at Lambeau Field in Green Bay, WI. — REUTERS

Bengals defeat Titans on FG as time expires, 19-16

ROBBIE Gould booted a 45-yard field goal (FG) into the snow as time expired to give the San Francisco (SF) 49ers a 13-10 victory over the host Green Bay (GB) Packers in an National Football Conference (NFC) divisional round playoff game on Saturday night.

Talanoa Hufanga scored the lone San Francisco touchdown on a blocked punt return nearly five minutes earlier as the sixth-seeded 49ers stunned the top-seeded Packers in frigid conditions. Nick Bosa and Arik Armstead registered two sacks each for San Francisco.

The 49ers will face either the Tampa Bay Buccaneers or Los Angeles Rams in next week’s NFC title game.

Aaron Jones compiled 170 scrimmage yards (129 receiving, 41 rushing) and AJ Dillon rushed for a touchdown for Green Bay.

The Packers led 10-3 late in the game before Jordan Willis blocked Corey Bojorquez’s punt with his left hand. The ball caromed high in the air and when it came down, Hufanga scooped it up and ran 6 yards for the touchdown with 4:41 left.

San Francisco’s defense held and the 49ers got the ball back. The key play on the decisive drive was when Deebo Samuel picked up nine yards on a third-and-7 run to get the 49ers into field-goal position at the Green Bay 29 with just under a minute left.

Three plays later, Gould split the uprights to improve to 20 of 20 lifetime in the postseason.

Jimmy Garoppolo was just 11-of-19 passing for 131 yards and an interception for the 49ers, who were outgained 263-212.

Aaron Rodgers completed 20 of 29 passes for 225 yards for the Packers. Davante Adams caught nine passes for 90 yards, Rashan Gary had two sacks and Adrian Amos had an interception.

The temperature was 13 degrees (felt like 2) at kickoff and field conditions worsened considerably in the fourth quarter.

San Francisco finally got on the scoreboard on Gould’s 29-yard field goal with 8:13 left in the third quarter.

Mason Crosby kicked a 33-yard field goal with 11:27 left in the game to give the Packers a 10-3 lead.

The Packers navigated 69 yards on 10 plays to open the game with Dillon scoring on a 6-yard run.

San Francisco didn’t notch its initial first down until George Kittle made a stellar 15-yard reception with 6:29 left in the half.

The Packers failed to pad their lead as Crosby’s 39-yard field-goal attempt was blocked by Jimmie Ward as time expired in the first half.

Meanwhile, the Cincinnati Bengals relied on the foot of their rookie kicker to continue their Cinderella season.

Evan McPherson kicked a 52-yard field goal as time expired to propel the visiting Bengals to a berth in the American Football Conference (AFC) Championship Game, courtesy of a 19-16 victory over the Tennessee Titans on Saturday in Nashville, TN.

Ryan Tannehill tossed his third interception after linebacker Logan Wilson reeled in a deflected ball at Cincinnati’s 47-yard line with 20 seconds to play. Joe Burrow connected with rookie Ja’Marr Chase on a 19-yard strike, and McPherson came on three plays later to drill his fourth field goal of the game.

“This is a kicker’s dream, to have the game on your shoulder,” McPherson said after sending the Bengals to the AFC title game for the first time since the 1988 season.

Cincinnati will visit the winner of Sunday’s divisional-round game between the Buffalo Bills and Kansas City Chiefs on Jan. 30. The Bengals posted a 34-31 win over visiting Kansas City on Jan. 2. They did not face Buffalo this season. — Reuters

Private investment needed for hog industry to recover from ASF

REUTERS

By Luisa Maria Jacinta C. Jocson

PORK PRODUCERS said support from private investors will be needed to help the hog industry recover from the ongoing outbreak of African Swine Fever (ASF).

“The swine industry’s recovery may greatly depend on investment from the private sector, which is directly connected to hog raisers confidence in reinvesting, considering the recent policies of the government favoring pork imports at a very low tariff,” Pork Producers Federation of the Philippines, Inc. President Rolando E. Tambago said in a text message.

He was referring to Executive Orders (EO) No. 133 and 134, which expanded the minimum access volume (MAV) of pork imports while lowering tariffs in order to address tight supply and inflation pressures.

“Both EOs should not be extended as that would further delay the rebuilding of the hog industry,” Mr. Tambago said.

“We are just hoping the Department of Agriculture (DA) programs to finally stop ASF will work this time,” he added.

As of Jan. 13, active cases of ASF were reported in 45 barangays and 17 municipalities in Regions II, IV-A, IV-B, VIII, XI, and the Caraga region.

The DA said in a statement that the pork supply is sufficient, following efforts to strengthen herds and augment the available pork through imports.

“The hog industry will gain momentum this year and recover from its losses due to the havoc caused by ASF since 2019,” the DA said in a statement.

“To date, measures to prevent further damage from the transboundary animal disease are continuously being carried out from the national down to the local level, particularly in barangays and small communities,” it added.

This year, the DA said it is continuing with its “Bantay ASF sa Barangay” program and Integrated National Swine Production Initiatives for Recovery and Expansion.

“More areas, particularly in Benguet and Batangas, have upgraded their zoning status,” Bureau of Animal Industry (BAI) Director Reildrin G. Morales said.

The Bantay ASF program helps communities monitor disease and trains them in biosecurity measures for commercial and backyard piggeries.

Mr. Morales said that once ASF-infected areas exit the red zone status, they can begin repopulation.

“As of this month, about 13,870 sentinel pigs have been distributed in areas that have zero cases. Aside from being able to produce and sell hogs, areas that have moved out of the red zone are qualified to avail of credit assistance to help them revive their livelihood, and eventually, bounce back and recuperate from their losses,” he said.

“These efforts, implemented in partnership with local government units, have been instrumental in keeping the industry alive,” he added.

Sentinel pigs are animals sent to formerly infected areas to check whether ASF flares up again.

Mr. Morales said pork imports are not intended to compete with domestic production but are released periodically from cold storage to augment supply and keep prices stable.

PT&T partners with Singapore’s Kacific for satellite internet

LISTED diversified telecommunications company PT&T Corp. said it is working with Kacific Broadband Satellites Ltd., a Singapore-based next-generation broadband satellite operator, to “offer high-speed satellite internet at a more economical cost.”

PT&T intends to expand its presence across the country in order to meet growing demand, a company official said.

The company has launched its latest very small aperture terminal (VSAT) product in partnership with Kacific.

“As the new normal calls for people to follow social distancing and lockdown protocols, the need for reliable internet that is efficient and sustainable has never been timelier and more important, especially in the remote areas,” PT&T Senior Vice-President Ella Mae Ortega said in an e-mailed statement over the weekend.

The company said its broadband satellite internet services is powered by Kacific’s high-throughput Ka-band satellite Kacific1, which spans the Asia-Pacific region.

“The satellite’s beams are received by VSATs, which are small, roof-mounted dishes that transmit and receive data, voice, and video signals over a satellite communication network,” it noted.

“Ka-band technology is designed specifically to provide reliable, high-speed broadband internet to rural and remote populations through concentrated spot beams and simple easy-to-install onsite 1.2m antennas which is cheaper than larger dishes of other VSAT technologies,” it added.

Kacific’s Chief Commercial Officer Brandon Seir said the partnership is expected to further strengthen his company’s position “as a provider who can seamlessly connect rural enterprise, government and residential customers.”

“We will follow a common goal to deliver affordable internet connectivity nationwide and join the rally in driving digital transformation in the country,” he added. — Arjay L. Balinbin

Placido Domingo breaks silence over misconduct accusations, says he harassed no-one

PLÁCIDO DOMINGO — FIORENZO NICCOLI/ PLACIDODOMINGO.COM

MADRID — Spanish opera star Placido Domingo addressed in a newspaper interview on Friday accusations about sexual harassment that emerged two years ago, telling newspaper El Mundo that he had done nothing wrong and regretted not speaking out sooner. A 2020 investigation by the American Guild of Musical Artists (AGMA) concluded that Mr. Domingo, 81, had behaved inappropriately with female performers after it heard evidence from more than three dozen singers, dancers, musicians, voice teachers, and backstage staff who said they had witnessed or experienced inappropriate behavior over three decades.

He said in a statement at the time that he respected the women’s decisions to speak out and that he was “truly sorry for the hurt I caused them.”

The findings prompted Spain to cancel planned performances by the tenor-turned baritone at publicly-funded theaters. US institutions including the Metropolitan Opera in New York and the San Francisco Opera also scrapped planned engagements and Domingo resigned as general director of the Los Angeles Opera.

LA Opera conducted its own enquiry and found 10 allegations about Mr. Domingo to be “credible.”

No criminal case was brought to court over any of the claims.

Mr. Domingo told El Mundo in the interview published on Friday that he never harassed anyone and said he felt that he had been convicted in the court of public opinion because he did not speak out.

“The main mistake I made was to remain silent for too much time,” he said in written answers to questions from the paper. “I don’t like controversy. For that reason I stood aside and kept my counsel while watching how, in an instant, years of work and effort were erased.”

Mr. Domingo added that his apologies never admitted any wrongdoing. “Because I have never harassed anyone,” he said.

AGMA’s investigation was partial, he said, and contained few concrete facts.

AGMA did not respond to a Reuters request for comment. LA Opera said it had nothing to add to its original statement following its investigation.

Mr. Domingo returned to Spain to perform in a charity concert in June after an absence of almost a year and a half, and was honored with an award at Madrid’s Teatro Real.

He has performed in several countries since and is due to sing in Verdi’s Nabucco in Spain in July. — Reuters

The next-gen Lexus NX is now here, priced from P3.338M

Touted as more sophisticated, dynamic, mature, and muscular, the all-new NX will come in three trims. — PHOTO FROM LEXUS PHILIPPINES

LEXUS PHILIPPINES has brought in the all-new NX which, the luxury car maker’s local distributor announced, “marks the beginning of a significant evolution of Lexus design.” The company said in a release that, “while remaining true to the brand’s main philosophies, the new model presents a more sophisticated, dynamic, and mature appearance and a more muscular character.”

The all-new version of the crossover is said to boast overall advancements in performance, safety, and luxury — and is expected to surpass the discriminating expectations of the Philippine luxury-crossover browsers. It started with an overall goal for “functional beauty,” with the NX boasting balanced, strong proportions with a powerful road-gripping stance. The overall length, wheelbase, width, and height have been increased for a more commanding presence on the road when compared to the outgoing NX. Lexus added that there is now more space for rear-seat passengers as well.

At the front, the hallmark Lexus Spindle Grille has been rendered more upright and with a subtler frame which accentuates the long bonnet and contributes to the overall form and volume of the body. The more upright position also improves the grille’s cooling performance. In the rear are L-shaped rear combination lights with the signature Lexus blade lighting that spans the width of the vehicle. The oval Lexus emblem has been replaced with the “LEXUS” name emblazoned on the tailgate, creating a simple and more modern look.

Inside, the all-new NX marks the first application of the brand’s new Tazuna concept for the driver’s cockpit design. Taking its name from a Japanese word describing a rider’s control of their horse using the reins, it focuses on giving direct, intuitive control of the vehicle, following the principle of “hands on the wheel, eyes on the road.” Tazuna also adds to the rewards of the driving experience, making the driver feel confident and in control of the vehicle and surroundings. More intuitive design groups all relevant controls together and brings them closer to the driver — from the multimedia screen, information display, and central gauges in one easy eye-level area to the starter button, shift lever, and air-conditioning controls on another.

Additionally, designers worked with the brand’s takumi artisans to “perfect the design relationship between the steering wheel and shift lever.” The cross-section of the wheel provides the driver the best grip feel and ease of use while the shift lever now gives a snug fit at an ideal angle. Lexus also researched the shoulder-to-fingertip distance of people around the world to define a layout that provides excellent control without disturbing the driver’s posture.

Passengers are greeted with an increased sense of spaciousness plus an elevated level of comfort, quality, and attention to detail that are distinctly Lexus. For the front passenger environment, the design goal was to create the feeling of a luxurious lounge, with no intrusion from the driver’s area. The cabin finish employs high-quality materials that both look and feel good. Comfort is addressed in details such as a precise front seat design with attention to the cross-section shape of the seat, the position of the side-supporting bolsters and even the forming of concave areas to make space for the occupant’s elbows. Extensive use of materials to absorb and insulate noise and vibrations makes for a quiet and calm environment.

Lexus Philippines said that all variants of the Lexus NX here will feature as standard the Lexus Safety Sense (LSS) suite of advanced safety features which include the Pre-Collision System (PCS), Adaptive High Beam System (AHS), Automatic High Beam System (AHB), Lane Tracing Assist (LTA), Lane Departure Alert (LDA), and Dynamic Radar Cruise Control (DRCC). The latest development of LSS introduces upgrades in performance and functionality. These systems have also been tuned to operate in a way that feels more natural to the driver, and thus more reassuring, adding to the sense of driving confidence inspired by the NX’s new platform and powertrains. With this evolution, Lexus Safety System moves to the next level as a personal driving partner.

Three trims will be available in the Philippines. The NX 350 F Sport (P4.548 million) features a newly developed T24A-FTS 2.4-liter inline-four turbocharged engine, a new high-torque Direct Shift-8AT, and a new electronically controlled full-time AWD. In addition to the New Global Architecture’s high-speed combustion system, the engine features the brand’s first center-injection direct-injection system and close placement of the turbocharger and catalyst in order to meet increasingly stringent exhaust and fuel economy regulations around the world, while at the same time being conscious of carbon neutrality. The system generates 279hp at 6,000rpm and while 430Nm from 1,700rpm to 3,600rpm.

The transmission has been optimized for the turbocharged engine, which can generate high torque from low revs. The newly developed shift control technology enables acceleration and deceleration that is faithful to the driver’s will and provides a pleasant shift schedule.

For the hybrid variants available in the Lexus NX 350h Premier (P4.488 million) and NX 350h (P3.338 million), these are powered by the A25A-FXS 2.5-liter inline-four mill with a high-output electric motor, and use a control logic exclusive to Lexus to achieve an optimized balance of acceleration performance and reduced fuel consumption. The gasoline engine develops 190hp and 239Nm of torque, while the front and rear motor generators add 182hp and 54hp, respectively. The NX 350h Premier comes with electric folding rear seats, a 17-speaker Mark Levinson Surround Sound system, and a power rear hatch with a kick sensor.

For more information, visit Lexus Manila or the Lexus website at lexus.com.ph and social media pages (@lexusmanila). To arrange a consultation with a personal sales consultant, visit the Lexus Remote page at https://fal.cn/3eSWW or download the MyLexus App available for both Android and iOS users.

Rate hikes are likely to help regional banks more than Wall Street giants

BANK EXECUTIVES spent earnings season predicting the Federal Reserve will raise interest rates to combat rising inflation. Those hikes are set to benefit regional lenders more than their Wall Street counterparts.

Financial firms are including about three central-bank increases into their guidance for the year, with Charlotte, North Carolina-based Truist Financial Corp. seeing the possibility for as many of four. The hikes are likely to translate into higher net interest income — the revenue lenders collect from customer loan payments minus what they pay depositors. Traditional lending accounts for a greater share of revenue at regional banks than at the Wall Street giants.

“Regional banks often times are more balance-sheet dependent in terms of their revenue,” US Bancorp Chief Financial Officer Terry Dolan said in an interview after the bank reported fourth-quarter results Wednesday. “A rising-rate environment will help the regional banks maybe more so than those that are capital-markets dependent.”

The Minneapolis-based bank said it expects net interest income to increase “at a mid-single-digit pace” this year after dropping 2.6% in 2021.

LOSING INTEREST
The expected increases to the federal funds rate loom as the Fed winds down measures it took to prop up the economy during the COVID-19 pandemic, and the US government’s stimulus payments to individuals and businesses fade. Taken together, those factors may herald a return of long-awaited loan growth.

“Main Street banking should be the best that it’s been in over three decades at a time when Wall Street banking is subsiding from record levels last year,” Wells Fargo & Co. analyst Mike Mayo said in a phone interview.

The outlook isn’t without potential pitfalls. For one thing, liquidity in the system and strong overall credit quality have allowed banks to release reserves they’d set aside for a surge in loan defaults that never ended up emerging during the pandemic — a cushion lenders may not be able to depend upon for much longer. Bank executives said they now expect credit quality to revert to a more typical level in coming months.

And if the Fed raises interest rates too quickly, economic growth could be hurt, also causing pain to lenders eager to see their business and individual customers resume their borrowing, Barclays Plc analyst Jason Goldberg said in a phone interview.

Still, the outlook across the industry appears mostly rosy, especially if the central bank is able to thread the needle.

“You’ve seen a decline in net interest margin since COVID hit in March of 2020,” Truist Chief Financial Officer Daryl Bible said in a phone interview Tuesday. “You’ll start seeing a reversal of that probably in the second quarter.” — Bloomberg

Bali Pure signs ex-Ateneo Jhoana Maraguinot

FORMER Perlas Jhoana Maraguinot (13) acquired by Bali Pure. — PVL

BALI Pure has acquired former Ateneo star Jhoana Maraguinot to beef up its revamped roster that is eyeing a stronger performance in the 2022 Premier Volleyball League (PVL) tentatively set on March 3 in Lipa City.

The popular power-hitting outside spiker, who will turn 26 tomorrow, was picked up by the Purest Water Defenders early this year after her former squad Perlas recently took a leave of absence.

The club also tapped Janine Marciano, Julia Ipac and Rapril Aguilar from Cignal, Alyssa Eroa from PLDT, Marian Buitre from Chery Tiggo, Jamie Lavitoria from Choco Mucho, and veteran Patty Orendain.

The recruits will join Alina Bicar, Gyra Barroga, Bernadette Flora, Carlota Hernandez, Satriani Espiritu and Genevive Casugod, remnants of last year’s Rommel Abella-mentored team.

“We know that the other teams have also gotten stronger, but I think we’re capable of making the semifinals, they can’t sleep on us,” Bali Pure team manager Gil Cortez told The STAR on Sunday.

The Purest Water Defenders finished eighth with a 3-6 record last season in Bacarra, Ilocos Norte, but they made a big impression after pulling the rug from under eventual champion Chery Tiggo in a thrilling five-set masterpiece in the elimination round.

Mr. Cortez loves their chances this time around.

“We’re deeper, we have more firepower and we’re more experienced this year. We’re optimistic of our chances,” he said. — Joey Villar

Farm co-op receives banana flour facility upgrade

DTI-DAVAO DE ORO

A COOPERATIVE of agrarian reform beneficiaries in Davao de Oro has received a food-grade facility for making banana flour, paving the way for expanded commercial production of the cooking ingredient, which is touted as a gluten-free alternative.

The Department of Trade and Industry’s (DTI) Davao de Oro office said P1.68 million worth of banana flour manufacturing equipment was turned over last week to the VPI Agrarian Reform Beneficiaries Cooperative.

The project was undertaken under the government’s Shared Service Facility program.

“Our SSF projects are intended to enhance productivity and efficiency of our MSMEs (micro, small and medium enterprises), but at the same time generate more jobs and increase sales,” DTI Provincial Director Lucky Siegfred M. Balleque said during the turnover ceremony on Jan. 20. 

The cooperative has been making flour from surplus Cavendish, the main banana variety exported fresh by the Philippines.

Banana flour is also used for livestock feed.

In October, the DTI provincial office also provided a banana chips processing facility to another group, the Semco Agrarian Reform Beneficiaries Cooperative.

Two other SSFs were launched last week, a coco beads production facility in cooperation with Maco Centro Overseas Family Association, and a 20-unit business process outsourcing center to be operated by VPI Employees Multipurpose Cooperative.

DTI Davao de Oro said it co-operates 38 shared facilities across the province. Another five are lined up for launch this year. — Marifi S. Jara

ICTSI: Tanza terminal can receive containers during Roxas Blvd. closure

Containers from the Manila International Container Terminal being offloaded at the CGT.

LISTED port operator International Container Terminal Services, Inc. (ICTSI) on Sunday said its terminal in Tanza, Cavite is ready to receive containers from the Manila port during the closure of the southbound portion of Roxas Boulevard.

“Enhancements at CGT (Cavite Gateway Terminal)… came at an opportune time with the temporary closure of the southbound portion of Roxas Boulevard,” ICTSI said in an e-mailed statement. The road is part of a cargo truck trade route connecting the Port of Manila to Southern Luzon.

“Close to 900 trucks and over 1,000 trailers daily travel the road’s southbound direction alone,” the company noted.

According to the Department of Public Works and Highways (DPWH), the two-month closure of Roxas Boulevard southbound lane began on Jan. 15 to give way for the repair of the damaged box culvert directly in front of HK Sun Plaza in Pasay City heading to the EDSA-Roxas Boulevard flyover.

“We support the Metropolitan Manila Development Authority’s (MMDA) call to look for other ways to transport containers, and we are happy to be able to offer an alternative through the services provided by CGT,” ICTSI Executive Vice-President Christian R. Gonzalez said.

The DPWH said the northbound portion of the road will also be closed for another two months after repairs on the southbound portion are completed by March 15.

In December, officials from ICTSI, Department of Transportation, DPWH, and Philippine Ports Authority met to discuss solutions for trucks and trailers which will be affected by the closure.

Among the solutions considered was transporting container vans via barges from the Manila International Container Terminal to CGT in Tanza, Cavite.

ICTSI said it recently strengthened yard and wharf operations at CGT with the deployment of additional landside container handling equipment and directly contracted barge equipment.

“With an area of six hectares, the CGT has the capacity to handle 115,000 TEUs (twenty-foot equivalent unit annually),” the company added. — Arjay L. Balinbin

Bat Out of Hell singer Meat Loaf, 74

Meat Loaf/youtube — MEAT LOAF/YOUTUBE

LONDON —  Meat Loaf, the US rock star whose debut Bat Out of Hell became one of the best-selling albums of all time, has died aged 74.

Delivering epic anthems about love, lust and motorcycles with an intensity bordering on melodrama, Meat Loaf became an enduring — and sometimes bombastic — rock icon in the late 1970s.

The singer and actor, otherwise known as Michael Lee Aday, sold more than 100 million records worldwide and had roles in films The Rocky Horror Show and Fight Club.

With hits including the near 10-minute-long title track from Bat Out of Hell, “Paradise by the Dashboard Light” from the same album, and 1993’s “I’d Do Anything for Love (But I Won’t Do That)”, Meat Loaf’s appeal extended far beyond hard rock fans.

“Like a bat out of hell I’ll be gone when the morning comes; When the night is over, like a bat out of hell, I’ll be gone, gone, gone,” Meat Loaf sang in “Bat Out of Hell,” with a passion that became his hallmark.

The singer died with his wife by his side. His daughters, Pearl and Amanda, had been with him in his final hours. No cause of death was immediately disclosed.

“Our hearts are broken to announce that the incomparable Meat Loaf passed away,” his family said in a statement. “From his heart to your souls … don’t ever stop rocking!

BAT OUT OF HELL
Born in Dallas, Texas, in 1947, to an alcoholic father who beat him and once tried to kill him, Mr. Aday was teased at school about his weight. But he would become one of the world’s rock legends.

In search of stardom, he left for Los Angeles where he formed his first band. He found success on the stage in the 1970s, performing in the musicals Hair and The Rocky Horror Show.

But his breakthrough into the big league would come with Bat Out of Hell, a collaboration with composer Jim Steinman.

The debut album, a cocktail of gothic horror and guitar rock that initially struggled to find a record label, showcased his powerful voice and established his long-haired, ruffle-shirted rock persona.

He toured extensively in the 1980s but chart success eluded him early in that decade until he collaborated again with Mr. Steinman on a sequel to his debut, Bat Out of Hell II: Back into Hell, in 1993.

The comeback included “I’d Do Anything for Love (But I Won’t Do That),” which topped the charts in 28 countries, including for seven weeks in Britain.

Mr. Steinman died in April.

Meat Loaf treated interviews as a performance, spinning elaborate tales about his life, including the origin of his stage name, some of which referenced teenage taunts about his size.

ROCKING IN HEAVEN
Former US President Donald Trump was a big fan.

“Meat Loaf was a great guy — got to know him very well doing Celebrity Apprentice,” he said in a statement, referring to the reality TV show Mr. Trump hosted. “He was smart, talented, open, and warm.”

Cher, who duetted with Meat Loaf on 1981’s “Dead Ringer for Love,” said she had so much fun making the record.

British writer Stephen Fry, who appeared in a television sketch with the rock star, said, “I hope paradise is as you remember it from the dashboard light, Meat Loaf.”

“He had the quality of being simultaneously frightening and cuddly,” British producer Pete Waterman said: “It was his voice — you knew what you got with Meat Loaf. It was 100% of everything.”

British composer Andrew Lloyd Webber said: “The vaults of heaven will be ringing with rock. RIP Meatloaf.” — Reuters