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Stuff to Do (04/13/22)

DOC RESURECCION: Gagamutin ang Bayan

TP’s Doc Resureccion goes online  

THE STAGE-to-screen performance of Tanghalang Pilipino’s (TP) Doc Resureccion: Gagamutin ang Bayan will stream from April 17 to 30 via www.ticket2me.net. Set in a poor fishing village, the play follows an idealistic young doctor, Jess Resureccion, who is running for mayor with the promise of helping uplift the status of its residents. But standing in his way is his cousin, Boy Pogi Resureccion, who was paid by the incumbent mayor to run as a nuisance candidate and hopefully spoil the votes for Jess. Jess tries to convince his cousin to withdraw his candidacy. Marco Viaña stars as Doc Jess Resureccion, while Jonathan “Tad” Tadioan stars as Boy Pogi Resureccion. Also in the cast are Nanding Josef as Papang, Sherry Lara as Mamang, and Lhoryie Nuevo as Elsa. Tickets are priced at P350 (general audience), and P550 (barkada promo for three tickets). Access to the show is for 24 hours on the buyer’s chosen date starting at 10 a.m. to 10 a.m. the following day.   

Rock opera on Bonifacio streams online  

THE STAGE-to-screen performance of ²BAYANI: Isang Rock Operang Alay Kay Andres Bonifacio streams on ktx.ph until April 23. The play is directed by Ricardo G. Abad, with music and lyrics by Zosimo Quibilan, Jr. and Khavn. It stars indie-folk musician Bullet Dumas in the titular role. The musical was shot at Ateneo’s Areté in Nov. 2021. The rock opera was first staged in 1996 with performers from Tanghalang Ateneo. Tickets are priced at P450. The show is available to stream at 10 a.m. on the chosen show date and is accessible for 24 hours.

Easter in the Metro (4/13/22)

Easter party and more at Araneta City 

ARANETA City in Quezon City has a number of events scheduled for Easter Sunday, April 17. Children can join Araneta City’s Easter Costume Kiddie Party at the Gateway Mall (Activity Area) and Ali Mall (MacArthur entrance lobby), dressed in their favorite costumes. They can show off their artistic side through an egg painting activity followed by an Easter Egg Hunt at the Gateway Mall and Ali Mall food courts. There will also be a musical show from Madison Events at the Gateway Mall Activity Area. Kids who come in full costume can also win prizes and all participants can have their photos taken with the Easter Bunny. Attendees in Ali Mall can also show all their Easter trivia knowledge at a Q&A session that will be held there. Visitors can also take fun and quirky selfies with the special Easter decor in Araneta City malls: life-size eggs seats at Ali Mall MacArthur entrance lobby and Farmers Plaza activity area, and at the Easter Garden Maze at the Gateway Mall activity area. The décor will be up until April 24. The Easter Bunny will be making a quick appearance at the Araneta City malls on April 17 for photos. Children who visit Gateway Mall on April 17, can purchase Gateway Gallery’s interactive SiningSaya book, which celebrates the history and artistry of the Philippines, at a special selling booth that will be found in the activity area. Buying a book can also be a rewarding experience through the “Buy a Book, Share a Book” drive. For every copy bought, another copy will be donated by Gateway Gallery to underprivileged kids. Meanwhile, visitors on Easter Sunday can exchange a ₱1,000 single purchase receipt from that day for various goodies and freebies from Araneta City’s partners and a chance to join the Easter Costume Kiddie Party.  

A Magical Easter at Ortigas Malls  

WATCH A Magical Easter and follow Mirabel and her family in a musical show at Ortigas malls’ mini gardens on April 17. There will be shows at the G/F of VMall Greenhills (11 a.m.); G/F East Wing at Estancia (1 p.m.); and Level 1 Food Village at Tiendesitas (3 p.m.). Download the Ortigas Malls app to enjoy this show for free along with other perks and privileges and for the Ortigas Community Card and Toy Club. The Ortigas app is available on Android and iOS.    

SSI celebrates Easter Adventure   

SSI celebrates a fun-filled Easter with “egg-citing” activities on April 17 at Central Square with Pororo the Little Penguin. Registration starts at 11a.m., and onsite activities by Circles Events and food stalls will be happening throughout the day. The program features three time slots of Pororo Show and Egg Hunt, at 1, 3, and 5 p.m.  

Hilton Manila celebrates Easter with Sunday Brunch  

HILTON Manila celebrates Easter with Bring Hilton Home family-style platters, premium Easter goodies from Madison Lounge and Bar, and an Easter Sunday Brunch at Kusina Sea Kitchens. There are two Easter-themed Bring Hilton Home selections good for two to three diners: the Herb-marinated Lamb Chop platter coupled with roasted vegetables, and mint jelly, and 11-spices Roast Chicken with Basmati rice. Both platters come with an Easter Basket Carrot Cake. Prices start at P4,000 net. The hotel’s Madison Lounge and Bar offers a selection of Easter Goodies with premium chocolate animal designs such as Easter bunny and chickens; hot cross buns; and signature cakes including the Pinoy Kendi-inspired selections and Rainbow layered cake, among others. Both children and adults may also have a little fun with a Design your own Easter Egg paint kit complete with Easter Egg cookie, colored ganache, a paint palette, and brush. Prices start at P300 net. Hilton Manila’s Eggs-travagant Easter offerings are available for pre-order and takeaway until April 17. On Easter Sunday, from 11:30 a.m. to 2 p.m., Kusina Sea Kitchens will have an Easter Sunday Brunch the highlights of which include: housemade kare-karelechon belly, and seafood from the Dampa Marketplace. For the children, there are Kiddie Easter Activities such as the summer egg hunt, egg-painting, and mini theater, among others. Kusina’s Easter Sunday Brunch is priced at P2,480 net per person. For inquiries and reservations, call 0917-826-6442, send an e-mail to MNLPH_F&Binquiries@hilton.com or visit https://www.hilton.com/en/hotels/mnlphhi-hilton-manila/.     

Easter goodies and more from Conrad Manila  

CONRAD Manila celebrates the coming Easter with the Summer Fiesta Harvest buffet selection complemented by Kiddie Activities at Brasserie on 3, and Easter Grab-and-Go Goodies at Bru, among other Easter highlights. On Easter Sunday, April 17, there will be a Filipino Fiesta buffet spread at Brasserie on 3. Buffet highlights include: lechon, inasal, Seafood Paluto, as well as a shored-up dessert station with traditional Easter highlights such as chocolate bunnies and eggs, and kakanin or Filipino rice cakes from different regions. Guests will also be serenaded to classic tunes performed live by The Dandin Trio. Children can wear their favorite costumes while taking part in special Kiddie Activities such as the Easter egg hunt, magic show, balloon art, face painting, and more. The Easter Sunday Fiesta, from noon to 2:30 p.m., is priced at P3,950 net per person. Meanwhile, Bru Coffee Bar has a selection of Easter chocolate bunnies, surprise eggs, signature cakes and more, all available to order online for takeaway or delivery. There is also a special Easter Painting Kit Set, priced at P950 net, which includes bunny and egg molds, paint, brush, and an edible chocolate egg surprise. For inquiries or reservations, call 8833-9999 or e-mail conradmanila@conradhotels.com

Shangri-La Plaza holds an egg hunt

ON EASTER Sunday, the Shangri-La Plaza will host a whimsical SpEGGtacular Easter Hunt as the Grand Atrium transforms into a tropical paradise on April 17. The egg hunt is open to children from one to 12 years old. The registration fee is P500 per child and includes a map, a bag, and a special Easter giveaway. Every adult can register up to four children. To join and for more information, visit the Administration Office, Shangri-La Plaza, Level 5, Main Wing on weekdays at 10 a.m. to 12:30 p.m. and 1:30 to 4:30 p.m.

Rustic Rainbow Easter Egg-scape at New World Makati

NEW WORLD Makati Hotel invites guests to hop along on a Rustic Rainbow Easter Egg-scape as it offers an array of experiences for the whole family, from a relaxing stay that comes with two passes to the Rustic Rainbow Easter Fair, an Easter Sunday buffet, and gift-worthy sweet treats. From April 15 to 17, guests can avail themselves of the Easter staycation package that comes with two passes to the Easter Fair at the poolside with loads of fun activities. With a choice between a Deluxe (P7,000++) or Residence Club Deluxe (P8,500++) room, the package comes with breakfast for two adults and two kids (11 years and below). The Residence Club Deluxe room package also provides exclusive access to the Residence Club Living Room on the 24th floor. The Rustic Rainbow Easter Fair will be on April 17 from 8-10:30 a.m. Children who find the lucky eggs may win an overnight stay, a buffet for two, or an all-you-can-eat dim sum for two, as well as toys and other prizes. There will also be a bouncy castle with a ballpit and slide, a giant bubble show, balloon twisting, a bunny mascot meet-and-greet, and booths for a kiddie salon, face painting, and paint-your-own Easter bag. There will also be game booths and snacks and sweets stations. Afterwards, families can dine at the Easter Sunday Buffet at Café 1228. The buffet includes prime rib and fresh lobsters, lechon (whole roast pig), as well as Easter-themed sweet treats from cakes and pastries to chocolates. The Easter Sunday Buffet isP2,000 net per person on April 17 for lunch and dinner. Finally, The Shop features Easter-themed cakes such as the Speckled cake and Fruit garden cakes; egg-shaped cakes in salted caramel, cheesecake, and berries chocolate flavors; large and small chocolate bunnies; and the smashable Chocolate egg piñata in large and medium sizes, to name a few. Orders must be placed 48 hours in advance. For room reservations, visit https://bit.ly/NWEasterStay.

Grand Hyatt Manila hosts Easter Wonderland

BOOK a stay at the Grand Hyatt Manila on Easter weekend and get complimentary access to the hotel’s Easter Wonderland event, which is exclusive to all registered in-house kids. Easter activities include face painting, Easter egg decorating, arts and crafts, a movie screening, board games, food carts, and a dedicated play area. Easter Wonderland will be held on April 16 and 17 from 10 a.m. to 5 p.m., at The Gallery. Guests get their third night for free when they book a two-night stay through the hotel’s official website, manila.grand.hyatt.com. If celebrating Easter at home, the hotel has Dine at Home set menus featuring the specialties of No. 8 China House, The Grand Kitchen, and Florentine. A 50% discount awaits Metrobank World and Peso Platinum cardholders, with a minimum spend of P4,000. Order through bit.ly/DineAtHomeGHM. The hotel’s pastry team have created a lineup of sweet treats including the Easter Carrot Nest Cake: a seven-inch cake made of cinnamon shortbread layered with carrot sponge biscuit and citrus cream cheese, and topped with white chocolate and assorted praline eggs. It is available in Florentine and through Dine at Home for P1,850. Other Easter goodies include chocolate eggs, chocolate pralines in limited edition flavors, hot cross buns, and an Easter hamper. For inquiries and reservations, call 8838 1234 or e-mail manila.grand@hyatt.com.

Some Robinsons Malls open this Holy Week

FIVE Robinsons Malls will remain open during Holy Week (April 14, Maundy Thursday and April 15, Good Friday). These are: Robinsons Tagaytay which will be open from 9 a.m. to 9 p.m.; Robinsons Luisita, 10 a.m. to 9 p.m.; Robinsons Place Antipolo, 10 a.m. to 10 p.m.; Robinsons Place La Union, 9 a.m. to 9 p.m. on April 14 and 9 a.m. to 7 p.m. on April 15; and Robinsons Starmills in San Fernando, Pampanga from 10 a.m. to 9 p.m. on April 14, and 10 a.m. to 10 p.m. on April 15. Some Robinsons Malls will be open from 10 a.m. to 9 p.m. on Maundy Thursday, but will be closed on Good Friday. These are: Robinsons Galleria South, Robinsons Place Ilocos, Robinsons Place Lipa, Robinsons Place Naga, Robinsons Place Palawan, Robinsons Place Pangasinan, Robinsons Place Santiago, Robinsons Place Tuguegarao, Robinsons Angeles, Robinsons Place Dasma, Robinsons Place Gen Trias, and Robinsons Place Malolos. The following malls will be closed on both days: Robinsons Galleria, Robinsons Magnolia, Robinsons Place Manila, Forum Robinsons, Robinsons Place Las Pinas, Robinsons Novaliches, Robinsons Otis, Robinsons Sta. Rosa, Robinsons Cainta, Robinsons Place Imus, Robinsons Town Mall Los Banos, Robinsons Town Mall Malabon and Robinsons Metro East. They will reopen on April 16 (Black Saturday).-

Alabang Town Center holds Easter Academy

FOR the month of April, the Alabang Town Center will hold The Easter Academy, a month-long calendar of fun, educational, and physical activities for children. The Easter Academy kicks off on April 16 and 17 with The Easter Cup, a challenging obstacle course that teams (groups of five) can compete on. There will be two divisions: Peewee for ages four to seven, and Junior for ages eight to 12.  On April 17 there will be an Easter Egg Hunt. Search for the Golden Egg for a chance to win a gift certificate from TimeZone worth P1,000. There will be five hunting schedules and three divisions: Toddlers, Peewee, and Junior. Individual activities are available, too. On April 23, the Alabang Town Center will celebrate World Book Day with an entire afternoon of activities for kids and the kids-at-heart. Donate a book to join the storytelling and art workshops by Southville International School, plus a chance to meet TAYO, the friendly bus. For more details and the mechanics for joining the activities, visit  https://facebook.com/AlabangTownCenter/photos/pcb.10159784283665813/10159784280830813

Summit Hotels offer Easter treats

ROBINSONS Hotels and Resorts’ Summit Hotels chain is offering a number of deals for this holiday. In Tagaytay, the Summit Ridge Hotel has special room packages for as low as P5,000++ which come with two tickets to Easter activities such as a magic show, egg hunting, and loot bags for kids while a Special Easter Lunch Buffet will be offered at Café Summit. Over at Summit Greenhills, families will be able to avail of an Easter Holiday package at P3,288 net for its deluxe rooms inclusive of breakfast for two plus two tickets to Easter Wonderland where kids aged six to 12 will be able to enjoy egg hunting, egg painting, and bunny hat making. Themed lunch and snack buffets await tourists and locals at Summit Hotel Naga, Summit Galleria Cebu, and Grand Summit Hotel General Santos. Summit Hotel Naga offers a deal of P888 net per person and P388 net for children with activities such as egg hunting and an egg painting contest, plus sweet treats and giveaways for kids. At Summit Galleria Cebu, deals at P850 net per person and P388 net for children are up for grabs. Kids get to bring home free donuts, plus a chance to join in egg hunting, face painting, and Egg Wizard activities. At Grand Summit Hotel General Santos, the Easter Lunch Buffet rate is P880 net per person and P440 net for children. For more deals and information visit www.summithotels.ph

Lenten, Easter Activities at Sheraton Manila Bay

IT’S going to be a restful Holy Week capped by an activity-laden Easter Sunday at Sheraton Manila Bay. Avail of the Easter Room Package for a staycation at a Deluxe Room for two adults and two kids below 12 years old, inclusive of breakfast buffet, lunch or dinner at Pacific Lounge, P500 worth of food and beverage credit at the Pool Bar, special turndown amenity, and late check out up to 2 p.m. Stay period from April 9 to 17, On Easter Sunday, April 17, the Pacific Lounge will hold a Spacestastic Easter Party which includes an Easter brunch buffet for P1,200++ per adult and P600++ per child aged six to 11 years, arts and crafts activities, parlor games, loot bags, and access to the Easter egg hunt where kids can get a chance to win prizes and giveaways from sponsors.  Meanwhile, for those who wish to celebrate at home, there is the Easter Surprise Basket for P750. To order, visit the Sheraton Kiosk located at Robinsons Place Manila, Padre Faura Wing, Mall Entrance or call the Culinary Courier for delivery at 0917-583-7294, 0917-583-7326 or e-mail sh.mnlsb.fnb@sheraton.com. The Pacific Lounge is at the 21st floor, Sheraton Manila Bay, M. Adriatico cor. Gen Malvar Sts. Malate, Manila. For reservations call +632 5318-0788 or e-mail reservations.manilabay@sheraton.com.

Galleria hotels offer Easter packages

THE HOTELS at the Robinsons Galleria area are offering Easter Festival in Galleria packages. Offers start at P5,500 net for an overnight stay in a Deluxe Room at Crowne Plaza or P4,500 net at Holiday Inn with tickets to the Easter Festival. Enjoy the Easter Festival’s different activities: arts and crafts, singing, dancing and Easter egg hunting. Complete the Easter Festival with a special lunch buffet for four persons at Seven Corners Restaurant. For inquiries and reservations contact: Crowne Plaza Manila Galleria at 8790-3100 or e-mail cpgm.reservations@ihg.com, and Holiday Inn Manila Galleria at 8790-9400 or e-mail higm.reservations@ihg.com

Century Park Hotel’s Easter party returns

CENTURY Park Hotel will hold a live Easter Sunday celebration on April 17, 9 a.m. to noon, at the Grand Ballroom. A yearly tradition (which was on old for the two years of the COVID-19 pandemic), children and parents alike can look forward to Easter Sunday’s games, raffle, egg hunting and other activities. This year’s Easter Carnival 2022 is open to children under 12. There will be giant inflatables, face painting, a photo booth, raffle and games, a magic show, and an egg hunt. The event includes a set meal plus an array of food cart treats (popcorn, ice cream, French fries, and hotdog on a stick) that can be availed for a nominal fee. Kids get to take home a special loot bag courtesy of Century Park Hotel’s Easter partners. Tickets are available for P1,500 net which includes a loot bag and set meals for one adult and one kid.  Extra tickets can be purchased for P1,000 for one person (kid or adult) which comes with a set meal and a loot bag. To purchase tickets, call or send a message via SMS at 0917-633-2545 or e-mail sales9@centurypark.com.ph. The hotel also has an Easter Staycation Package available from April 11-18. The Easter Carnival Room Bundle comes with a complimentary Easter Carnival 2022 ticket good for one adult and one kid. The packages (Deluxe Room, P5,500 net/night; Park Tower Suite, P6,500 net/night; Premier Suite, P7,500 net/night) each come with breakfast for two, access to the pools and jacuzzi plus a 50% discount on the Churrasco-style Buffet at Café in the Park upon presentation of the Easter ticket (one ticket/person and one-time use only). There is also the Easter Week Getaway packages (P5,000 net/night for a Deluxe Room, P6,000 net/night for Park Tower and P7,000 net/night for a Premiere Suite) which come with set breakfast for two, and use of the pools and jacuzzi. For reservations, contact 0956-523-2880 or e-mail reservations@centurypark.com.ph.

Easter packages, parties at Richmonde Hotels

THIS Holy Week, the Richmonde Hotels have a number of Easter offers. Richmonde Hotel Ortigas has the Easter Break Escape promo until April 17. The room rate can be as low as P3,000 net per night for a two-night stay inclusive of daily breakfast at the Richmonde Café for two adults and two children aged five years old and below, and use of the Health Club’s gym and heated indoor pool. In addition, all in-house guests on April 14, 15, and 16 will enjoy complimentary Afternoon Snacks at the café from 2 to 4 p.m., and Ice Crushers at the poolside at 10 and 11 a.m., and 1 and 5 p.m. For guests who wish to stay for just one night, rates start at P3,200 net with breakfast buffet for two, and P2,600 net without breakfast. Eastwood Richmonde Hotel has special room packages for as low as P4,500 net for two adults and two children 5 years old and below, including a breakfast buffet at Eastwood Café+Bar. Those checked in on April 14, 15, and 16 can enjoy a free afternoon snack buffet. Walk in guests can enjoy the merienda for P500 net per person. At rates starting at P5,900 net, the Easter Celebration Package on April 16 or 17 includes room accommodations, breakfast buffet for two, late check-out at 5 p.m., and two tickets to the hotel’s Easter Fun Fair Party on April 17, from 10 a.m. to 3 p.m. at the Grand Ballroom. There will be an Easter egg hunt for children two to six years old and seven to 12 years old, live music and dance entertainment, a magic show, various game booths, a kiddie lunch buffet, food carts, a photo booth, glitter tattoos, loot bags, and raffle prizes. All attendees are encouraged to wear their most creative Easter Hat or Fun Fair costume for a chance to win gift certificates for hotel accommodation. The Best in Costume awards will be given to one child and one adult. Tickets are priced at P950 net per head (adult or child). Children under the age of two can participate for free if accompanied by a paying adult. Richmonde Hotel Iloilo has its Easter Eggsclusives promo packages available until April 17, with discounted rates as low as P3,780 net (Sunday to Thursday) and P4,050 net (Friday and Saturday), when staying for two nights or more. All rates come with a breakfast buffet for two adults and two children ages five and under at The Granary, and use of the Fitness Center’s gym and outdoor pool. To reserve or inquire, call Richmonde Hotel Ortigas at (632) 8638-7777 or 0917-859 7914 or e-mail stay@richmondeortigas.com; Eastwood Richmonde Hotel at (632) 8570-7777 or 0917-521 6867 or e-mail stay@eastwoodrichmonde.com; or Richmonde Hotel Iloilo at (6333) 328-7888 or 0917-563-3558 or e-mail stay@richmondeiloilo.com.

Farm-tastic Easter Weekend at Crimson Hotel

CRIMSON Hotel Filinvest City Manila offers itself as a Easter weekend destination with its “egg-citing” activities, staycation packages, and dining offers. The hotel’s Easter Staycation packages from April 16-17 have rates starting at P7,700 net for a Deluxe Room which includes access to the hotel’s exclusive amenities, breakfast buffet at Café Eight, two tickets to the Farm Easterville event, and complimentary late check-out. Farm Easterville, a farm-themed Easter Sunday event, will be held at the Crimson Grand Ballroom. In addition to an egg-hunt and afternoon snacks, participants can join the live entertainment, interactive games, and an egg-decorating contest. Each participant can take home Easter chocolate and other giveaways too. The rate per person is P1,100 net. Café Eight is hosting a lavish buffet brunch with international and local dishes on April 17 for P1,900 net per person. Meanwhile, Baker J’s has an Easter Gourmet Box filled with uniquely-shaped chocolates from gigantic eggs to farm animals and Easter bunnies, a roll of beef and lamb sausage, a loaf of artisan bread, and a bottle of wine. Available from April 11-17 for P2,500 per box. Baker J also has an array of chocolate candies that come in different shapes such as eggs, chicken, bunnies, and mini fish. To get tickets to the Farm Easterville event, visit https://bit.ly/farmeastervilletickets. For more information or room reservation, visit www.crimsonhotel.com/manila.

Easter treats, activities at City of Dreams Manila

CITY of Dreams Manila highlights activities at DreamPlay, and a collection of artisanal chocolates and confections at Café Society for Easter. There is DreamPlay’s Ultimate Easter Eggstravaganza on Easter Sunday, where a VIP Pass (P2,399 net per person) gives pass holders all-day access to all the play space’s attractions, a make-your-own Easter egg activity, Easter egg cookie baking, an egg hunt at 3 p.m. with special freebies and chocolates to be awarded to winners, and an Easter parade at 5 p.m. The participants walk through City of Dreams Manila’s The Shops at The Boulevard retail strip as they fill their loot bags with Easter goodies from restaurants along the strip and from participating retail shops such as Boss and Furla. VIP Pass ticket holders are also entitled to the following freebies: an Easter tote bag, one scoop of bubble gum ice cream at Chez Gingy, and special DreamShop items from DreamWorks’ How To Train Your Dragon movie. DreamPlay’s regular tickets with access to all the play space’s attractions are also available on the day at P1,500, while non-participating tickets can be purchased for P250. Guests can hop over to Café Society which is brimming with chocolate indulgences until April 17: Easter bunny and duck chocolates, colorful eggs with eight egg pralines, small bunny chocolates in white, dark, milk or ruby variants, Easter chocolate chicks, chocolate eggs in a meringue nest, Easter cookies and cream tiles, Easter cherry gianduja bars, among others. Other Easter-themed confections include bunny face cookies, egg chocolate sugar cookies, bunny green tea and white chocolate mousse cake,  among others. For inquiries, call 8800-8080 or e-mail guestservices@cod-manila.com or visit www.cityofdreamsmanila.com.

The Pen holds Easter Egg hunt again

AFTER sheltering at home these past two years, The Peninsula Manila is inviting guests back to celebrate Easter Sunday on April 17 with a variety of activities and experiences for the whole family that include splashing in the pool or enjoying classic holiday traditions such as Easter Egg Hunts and special meals together as a family. There is the Easter Egg Hunt at The Conservatory where children enjoy activities while filling their Easter baskets with eggs at The Peninsula Candyland Adventure and Egg Hunt. This year, they can choose one of two sessions for the hunt, with a morning session taking place from 10 a.m. to noon, and another in the afternoon from 2 to 4 p.m. The Peninsula Candyland Adventure and Egg Hunt activities include: Felt Eggs decorating; Craft Lollipop decorating; Papier-mâché Bunny, Bear, and Chick painting; the Candy Jenga Corner; the Ice Cream Stacking Corner; a Playground; and the Easter Egg Hunt. Only guests availing the Easter room package or Escolta restaurant’s Easter Sunday Brunch Buffet will enjoy complimentary access to the Peninsula Candyland Adventure and Egg Hunt. Only one accompanying adult per one child 10 years old and below. Throughout the Easter holiday weekend, from April 14 to 16, young guests can try Easter painting kits, playtime in bubble baths and in the hotel’s outdoor swimming pool, breakfast buffets in Escolta, and a fun Easter experience in the Peninsula Candyland Adventure and Egg Hunt on April 17, Easter Sunday, when their parents book the It’s Hip to Hop to The Peninsula this Easter room package. Rates start at P10,000 for a Deluxe Room (exclusive of taxes) and include a breakfast buffet in Escolta for two adults and two children, one Easter painting welcome amenity kit, and one passport to the Peninsula Candyland Adventure and Egg Hunt. Stay dates are April 14, 15, and 16. There is also an Easter Sunday Brunch Buffet in Escolta on April 17, noon to 3 p.m. (P4,300 for adults, and P1,700 for children under 12). The buffet features a spread that includes soups and mixed salads, fresh seafood, a variety of cheeses, pasta creations, a carving station, breakfast specialties, and a dessert buffet. Children under six years old get one passport to the Peninsula Candyland Adventure and Egg Hunt (only one complimentary passport per one adult and one child 10 years old and below availing of Escolta restaurant’s Easter Sunday Brunch). Meanwhile, seafood lovers can gather in Escolta and choose from a varied menu featuring the ocean’s bounty on April 15 and 16, 6:30-10 p.m. (P3,500 for adults; P1,400 for children under 12). This Easter weekend, the hotel will offer afternoon tea at The Upper Lobby. Tuck into macarons and chocolate cake and French pastries, in addition to the usual suspects of smoked Scottish salmon sandwiches and hot scones. There will also be a live station featuring fresh crepes and Filipino merienda specialties such as bibingka and puto bumbong. Afternoon tea will be offered on April 14, 15, 16, and 17, 2:30-5:30 p.m. (P3,000 with one flute of Champagne, P2,400 without). Finally, visit The Peninsula Boutique at the basement arcade where Easter-themed treats will be available from April 5 to 17, 9 a.m. to 5 p.m. For inquiries or reservations on The Peninsula Manila’s Easter room packages and culinary experience, call 8887-2888 (ext. 6630 for Rooms Reservations or 6694 for Restaurant Reservations), or e-mail reservationpmn@peninsula.com or diningpmn@peninsula.com.

EDSA Shangri-la celebrates easter

JOY, music, and laughter are part of the Easter celebration at Edsa Shangri-La’s La Casita Madrigal. With an interactive mini-musical by Clowning Around plus activities for the family the celebration will be on April 17, 2-5 p.m., at the Isala Grand Ballroom. Registration starts at 1 p.m. with rate set at P2,500 net per person. The price is inclusive of access to all entertainment and activities, snacks, and drinks. For tickets, visit bit.ly/ESLLaCasita or e-mail events.esl@shangri-la.com. In addition, HEAT will offer an “egg-stra” special Easter Lunch buffet that feature international and Asian cuisine. Specialties include its signature 36-hour roasted Angus beef leg, Japanese and Chinese favorites, Indian fare, Mediterranean dishes, and heirloom Filipino recipes. The Easter lunch buffet is P2,950 net, and is available on April 17 from noon to 2:30 p.m. Meanwhile, an Easter Afternoon Tea set is available daily at P1,450 net from 2 to 6 p.m. for the whole month of April. The Bakeshop also offers Easter treats, like its Easter Cake (P1,450 net) and Easter Hamper (P2,800 net) which are available until April 30. Japanese restaurant Senju will have a buffet on April 17 for P2,800 net. For home celebrations, there are the Easter Take-Me-Home sets for P5,500 net (good for five persons). Order a home feast from April 11-17. For takeaway and delivery orders, a 24-hour notice is needed. For inquiries and reservations, call 8633-8888, or e-mail manilaedsa@shangri-la.com. For takeaway and delivery, visit https://bit.ly/eslshangshop.

Celebrating Easter at RWM

EASTER is being celebrated at Resorts World Manila (RWM) through hotel offers and dining deals. International hotel brands, Marriott Hotel Manila and Sheraton Manila Hotel, offer Easter Room Packages that include an overnight stay in a Deluxe Room with breakfast for two plus additional dining credits. Book the special offer until April 17. At the Holiday Inn Express Manila-Newport City, an overnight stay in a Superior Room with breakfast for two comes with a free Easter Carrot Cake for rates starting at P5,246 net until April 13. Kids can enjoy Marriott Cafe’s Easter Holiday Buffet with Egg Hunt and Dessert Table for P3,188 net on April 16-17. Hilton Manila’s Madison Lounge & Bar’s offers Easter egg kits, carrot cake, and hot cross buns in a special Easter bundle that also includes lamb chops and an 11-Spiced Spring Chicken. Order a set for the family from April 14-17. Feast with the family at Casa Buenas with the Seafood Fiesta for P1,999 net that features octopus and coconut kilawin, gambas al ajilo, wood oven roasted salmon with adlai and mixed vegetables, and garlic baked oyster. The Seafood Fiesta menu is and Easter Hamper (P2,800 net) which are available until April 30. Japanese restaurant Senju will have a buffet on April 17 for P2,800 net. For home celebrations, there are the Easter Take-Me-Home sets for P5,500 net (good for five persons). Order a home feast from April 11-17. For takeaway and delivery orders, a 24-hour notice is needed. For inquiries and reservations, call 8633-8888, or e-mail manilaedsa@shangri-la.com. For takeaway and delivery, visit https://bit.ly/eslshangshop.

What to see this week (04/13/22)

Fantastic Beasts: The Secrets of Dumbledore   

THE THIRD installment of the Fantastic Beasts franchise follows Professor Albus Dumbledore as he devises a plan to prevent the powerful Dark wizard Gellert Grindelwald from gaining control of the wizarding world. To accomplish this, Dumbledore sends magizoologist Newt Scamander to head a group of wizards, witches, and a brave Muggle baker on a dangerous mission. Directed by David Yates, the film stars Eddie Redmayne, Jude Law, Ezra Miller, Mads Mikkelsen, Dan Fogler, Alison Sudol, and Katherine Waterston. Entertainment Weekly’s Leah Greenblatt writes, “Three films in J.K. Rowling’s sumptuous, inscrutable series remains a mystery, a lacquered box of whimsy that lives just adjacent to Harry Potter and somehow much further from a sensical plot.” Movie review aggregate Rotten Tomatoes gives it a score of 59%. 

MTRCB Rating: PG 

 

Finance app for women partners with First Shoshin for its marketplace and e-wallet features 

Bixie, a financial empowerment app for women, partnered with FirstShoshin Holdings Corp. (FSHC) for the development of its upcoming features — slated for launch in the third quarter of 2022. 

FSHC, a technology investment firm, will help Bixie in its plans to offer a payment wallet and a financial products marketplace on its platform through the former’s APIs (or application programming interface, which allows applications to talk to each other) and blockchain technology, said Rosalia Gitau, co-founder and CEO at Bixie. The app will likewise leverage FSHC’s Operators of Payment Systems license from the Bangko Sentral ng Pilipinas.  

The collaboration provides Bixie the ability to scale its offerings to become a central access point for its users. 

“Bixie’s UVP [unique value proposition] is that we are able to trigger women to start their investment journey by uniquely designing an investment journey tailored to how women interact with money,” Ms. Gitau told BusinessWorld in an e-mail.  

The current tools available within the Bixie app are: a gamified learning experience on investments, savings, and budgeting; personalized calculations of one’s FIRE (Financial Independence, Retire Early) number; and a goal setting function.  

Proponents of FIRE, a retirement movement, save up to 70% of their annual income with the aim of retiring early and living off small withdrawals from their savings.  

Ms. Gitau said that the app also has partnerships with humanitarian organizations that help realize its financial inclusion mission. One is with the international non-profit Catholic Relief Services, which Bixie and Unionbank are partnering with on April 19 to provide capital and investments to Filipina-owned businesses.  

According to the World Bank Group’s 2017 Global Findex report, more than 1 billion women still do not use or have access to the financial system.  

Bixie’s user base grew to 5,000 within two months after its market launch on November 2021, Ms. Gitau said in a subsequent WhatsApp call. It has a wider community of about 12,000 members that attend both offline and online meetups.  

While the vast majority of its users are Filipinas, Bixie is a global company that has plans to expand across Asia and Africa, she added.  

The FSSI-Bixie partnership came about through a mutual contact, Ms. Gitau told BusinessWorld. “There was a lot of alignment in our vision…They’re strong on the technical side; we’re strong on creating a community of women interested in finance.”  

In a press statement, FSHC co-chairperson Sally Ponce-Enrile said the company was “thrilled” to partner with Bixie and further its mission of providing better finance management for Filipino women.  

“[We] share the vision of banking the unbanked majority. With our digital payment capabilities, we are humbled to scale Bixie’s comprehensive app and be a part of their movement to provide better ways for women to manage their money,” Ms. Ponce-Enrile said. — Patricia Mirasol

Philippine expert says some drug war death certificates falsified

PHILSTAR FILE PHOTO

MANILA – The Philippine justice secretary pledged on Tuesday to launch an investigation after a forensic pathologist said some death certificates issued for victims of the country’s crackdown on drugs had been falsified to show they died of natural causes.

The Southeast Asian country has come under international pressure to hold a thorough probe of the more than 6,000 people killed by police since President Rodrigo Duterte launched a “war on drugs” after coming to power in 2016.

Forensic expert Raquel Fortun, who has been examining exhumed remains of drug war victims since last July, presented her findings after investigating 46 individuals who were killed in the first year of Duterte’s crackdown.

Out of the 46, in one case a death certificate was missing and for many others certificates were incomplete, Fortun told a media briefing.

Seven death certificates showed the victims died of natural cases like sepsis, pneumonia and hypertension, she said.

“You have doctors staking their reputations, names, licenses falsifying death certificates,” Fortun said. “There’s a law against this.”

Department of Justice Secretary Menardo Guevarra said his office would “investigate and prosecute those who were responsible for the falsification of the death certificates.”

“This is part of our ongoing review of the drug war campaign where deaths of suspects during law enforcement operations occurred,” Guevarra told Reuters.

Fortun’s analysis of the exhumed remains showed at least 32 of the 46 died of gunshot wounds. At least 24 of them were shot in the head.

Her findings could challenge the government’s narrative of the war on drugs.

Human rights groups accuse Duterte of inciting deadly violence and say police have murdered unarmed drug suspects on a massive scale as part of the campaign.

Police deny this, and Duterte says police are under orders to kill only in self-defense.

Asked if she saw her findings as indicating an attempt to cover up drug war deaths using false death certificates, Fortun replied: “I would not say no.”

But Fortun, who has consulted on many high-profile criminal cases in the Philippines, also believed there was an element of incompetence and underlined the need for a proper system to investigate deaths in the country.

“We don’t have a death investigation system. This is hardly taken seriously,” Fortun said. — Reuters

Hop into an EGGzoiting and Happy Easter at SM Supermalls

Summer fun continues this Easter Sunday as shoppers are in for fun treats at SM Supermalls.

Pose for the ‘gram at our Easter installations — Bring out the child in you and get lost in color amidst giant bunnies in select SM malls! Kids and kids-at-heart will love the wonderful selection of indoor and outdoor Easter displays and decorations decked in every activity center and outdoor space of their favorite SM mall. Complete with Easter eggs, bunnies, and all things sunny, SM Supermalls’ will surely brighten up your day this Easter Sunday!

Join the Summer Easter Costume Contest — Kids aged 3 to 12 years are invited to dress up in their Easter-inspired costumes and join SM Supermalls’ Summer Easter Costume Contest on April 17, 2022. What’s more, they can pose with their small and medium-sized pets and get the chance to take home 5K pesos worth of SM gift checks! Contestants will have to choose between three categories: My Pet and I, Me and My Sidekick, and My Easter OOTD.

To register for the event, scan the QR code provided by SM and submit a photo of your receipt (minimum purchase of P500.00 at any SM store or at the Summer Toy Sale event).  Pre-registration for the event is still ongoing until April 15th, 11:59 PM.

Get Creative with Arts & Crafts Activities — What’s Easter without getting crafty? From egg decorating to coloring activities in select SM Supermalls, kids of all ages and their families will get to enjoy getting their hands dirty and exploring their artistic side.

Easter Treats for your Sweets — In between these activities, you can take a break and indulge in family dining deals until April 17 in select SM malls nationwide. Have your fill of different Easter sweets and treats such as chocolates, candies, and lollipops in festive spring colors and swirls! And to satisfy your cravings, sip on something sweet to match the festive Easter mood. Enjoy a buy 1 take 1 deal, DIY milk tea kits, and discounts at the Summer Teas promo starting this April 16 to 30.

It surely is an EGGstra special and EGGzoiting Easter with the family at SM Supermalls this Sunday! For more information and event schedule, visit https://www.smsupermalls.com/whats-new/Hop-into-an-EGGzoiting-and-Happy-Easter-at-SMSupermalls/?utm_source=media&utm_medium=cpc&utm_campaign=.

 


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Pilipinas Shell Petroleum Corp.’s annual stockholders’ meeting set on May 6

 

 


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Metro Retail Stores Group, Inc. meeting of stockholders set on May 6 via remote communication

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FDI drops for 1st time in 8 months

EURO, Hong Kong dollar, US dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, Jan. 21, 2016. — REUTERS

FOREIGN DIRECT investment (FDI) inflows declined for the first time in eight months in January, as the Omicron-driven surge in coronavirus infections and tighter restrictions dampened investor sentiment.

FDI net inflows dropped by 16% to $819 million from $975 million a year earlier, based on data released by the Bangko Sentral ng Pilipinas (BSP) on Monday evening. 

It was the first annual decline in FDI inflows in eight months or since the 20.3% fall to $452 million in May 2021.

Net Foreign Direct Investment (Jan. 2022)Month on month, FDI slipped by 23% from $1.1 billion in December.

“This may be due largely to investor concerns following the resurgence of cases of the highly transmissible Omicron COVID-19 variant in the country and the re-imposition of stricter quarantine measures in early January 2022,” the central bank said in a statement.

The government placed Metro Manila and some provinces under Alert Level 3 in January to curb the spread of the Omicron variant. As COVID-19 cases plunged, restrictions were eased to the most lenient level starting March.

The slump in FDIs was mainly due to the significant drop in equity capital placements during the month, the BSP said.

FDIs in equity capital plunged by 70.3% to $107 million in January from $360 million a year earlier. Placements dropped by 68.2% to $118 million, while withdrawals rose by 6.8% to $11 million.

The equity placements were mainly from Japan, the United States, the Netherlands and Malaysia. These were invested in manufacturing; electricity, gas, steam and air-conditioning; financial and insurance; and real estate industries.

Inflows to equity and investment fund shares also slumped by 58% to $184 million in January from $439 million a year ago.

Meanwhile, reinvestment of earnings dipped by 1.4% to $78 million from $79 million a year earlier.

Among FDI segments, only inflows to debt instruments recorded growth, expanding by 18.3% to $634 million in January from $536 million a year earlier.

Asian Institute of Management economist John Paolo R. Rivera said FDIs might rebound in the next few months as COVID-19 cases continue to drop and business activity improves.

“FDIs should continue to increase given the plateauing of cases, reopening of the economy and better economic prospects for the rest of the year,” he said in a Viber message.

Rizal Commercial Banking Corp. Chief Economist Michael Ricafort said the war in Ukraine might continue to hurt global investor sentiment.

“The Russia-Ukraine war could further disrupt the global supply chains, in terms of some reduction in global trade (both exports and imports), and potential drag on some investment activities as well,” he said in a Viber message.

Global oil prices have soared since Russia invaded Ukraine on Feb. 24. While the Philippines has limited trade and economic ties to Russia and Ukraine, it has been affected by the higher oil and commodity prices.

Investors will also closely watch the outcome of the May national elections.

“This (improving FDI) trend might change depending on who will win — whoever is the preference of the market. Yes, the preference of the people matters, but FDI is a function of the preference of the market and not necessarily of the people,” Mr. Rivera said.

Former Senator Ferdinand R. Marcos, Jr., the son of the country’s late dictator, remains the frontrunner in the presidential elections on May 9.

A Bloomberg survey of economists last month showed Vice-President Leonor G. Robredo was the preferred bet of investors and analysts.

“For planned investments, investors are looking at concrete platforms in the short, medium and long terms, proof of concept that policies materialize and transparency with anti-corruption and anti-red tape that will create a conducive environment for investments,” Mr. Rivera said.

The central bank last month raised its FDI projection for 2022 to $11 billion from $8.5 billion, citing the continued recovery of economic activities and the implementation of investment-friendly reforms.

FDI inflows jumped to an all-time high of $10.5 billion in 2021, rebounding from $6.822 billion in 2020. — Luz Wendy T. Noble

PHL growth forecast upgraded despite risks

People arethe Paranaque Integrated Terminal Exchange in Paranaque City, April 11. — PHILIPPINE STAR/ RUSSELL PALMA

By Tobias Jared Tomas
and Abigail Marie P. Yraola, Researcher

THE PHILIPPINE economy is expected to grow above 6% this year, according to revised estimates by the ASEAN+3 Macroeconomic Research Office (AMRO) and United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) released on Tuesday.

However, the upgraded growth projections are still below the government’s 7-9% target this year.

In its latest regional economic outlook report, AMRO said the Philippines’ gross domestic product (GDP) is projected to expand by 6.5% this year, slightly higher than the 6.2% estimate given in January.

AMRO and UN ESCAP GDP 2022 and 2023 forecasts for ASEAN economies

The UN ESCAP, on the other hand, said Philippine GDP is expected to grow by 6.3% this year, a tad better than the previous estimate of 6%.

The economy expanded by 5.7% in 2021.

For 2023, AMRO’s growth forecast for the Philippines is 6.5%, within the government’s 6-7% goal.

“This year, we expect growth to be improved to 6.5%, and this will be led by government spending and also the recovery in the private sector’s spending,” AMRO Chief Economist Hoe Ee Khor said at a virtual briefing. “We expect that private spending will bounce back very rapidly once the economy reopens much more fully.”

However, AMRO said the biggest threat to the Philippines’ recovery is a possible resurgence in coronavirus infections. Health experts have recently warned of a surge in cases after the May elections, citing the “waning immunity” of many vaccinated Filipinos who have not received a booster shot.

AMRO also cited companies’ solvency as a risk to the banking sector, as well as heightened capital flow volatility due to global policy tightening.

Despite this, the Philippines’ growth rate is expected to be higher than the Association of Southeast Asian Nations (ASEAN) average of 5.1% this year and 5.2% in 2023. In ASEAN, the Philippines is likely to post the fastest GDP growth this year together with Vietnam, and the second-highest growth in 2023.

The region’s growth outlook is supported by high vaccination rates, which allowed many countries to stay open despite the Omicron surge.

“Our assessment therefore is that unless a more virulent variant of COVID emerges, which is resistant to the vaccines, economies are expected to remain quite open and will recover quite strongly this year,” Mr. Khor said.

AMRO said the Russia-Ukraine war is a risk to the growth outlook, along with the recurrence of global supply chain disruptions due to COVID-19 and a sharper-than-expected monetary policy normalization in the United States.

“The ongoing Russia-Ukraine conflict is expected to have a limited impact on the region’s GDP growth in 2022 given regional economies’ small exposure to the two economies engaged in the conflict. An escalation and prolongation of the conflict would, however, pose a downside risk to growth,” it added.

AMRO said Philippine inflation is expected to accelerate to 4.1% in 2022 from 3.9% in 2021. This is lower than the Bangko Sentral ng Pilipinas (BSP) inflation projection of 4.3%, but above the 2-4% target. Inflation is expected to ease to 3.5% by 2023.

Mr. Khor said it is unlikely for the central bank to tighten policy rates soon, citing a negative output gap and modest consumer demand. “We do not see an urgent need to raise the policy rate.”

Mr. Khor also said the central bank should begin withdrawing some of it’s policy stimulus, “as the economy continues to gain traction and growth continues to recover.”

HIGHER GROWTH
Meanwhile, the UN ESCAP’s upgraded 6.3% growth projection for the Philippines this year is the second highest in Southeast Asia, after Vietnam’s 6.5%.

In its report entitled Economic and Social Survey of Asia and the Pacific 2022: Building Forward Fairer, UNESCAP also projected a 6.7% GDP growth for the Philippines in 2023.

The revised projections are above the UN ESCAP’s regional growth forecast of 5% this year and 5.2% in 2023.

“The slight upward revision for the Philippines is based on an assessment that domestic demand will strengthen with easing restrictions and reopening of borders, which will benefit the service sector,” UN ESCAP Director of Macroeconomic Policy and Financing for Development Division Hamza Ali Malik said in an e-mail.

“While trying to understand changes in GDP forecasts for 2022 and 2023, it is important to understand and acknowledge the sheer scale of uncertainty faced by economies,” Mr. Malik said.

He noted that the Philippines has not completely recovered from the pandemic when the Russia-Ukraine war began in late February.

The economy may benefit from the reopening of borders around the world, allowing more Filipinos to work abroad and send more money that will support domestic consumption, Mr. Malik said.

Fiscal expenditures, on the other hand, are expected to continue to support growth through large infrastructure projects.

Meanwhile, UN ESCAP said Philippine inflation is projected to average 3.3% this year from 4.5% in 2021. For 2023, inflation is estimated to average 3%.

“Inflation has been modest in the first few months of 2022 but the recent surge in global oil and commodity prices due to the Russia-Ukraine conflict is likely to add to price pressures. As long as inflation remains within the central bank target range, monetary policy can remain accommodative to support recovery,” Mr. Malik said.

Risks to the growth outlook for the Philippines include new coronavirus variants, renewed lockdowns and slower export growth due to the ongoing Ukraine war, he added.

Inflation may breach BSP target by 2nd half

PHILIPPINE STAR/ MIGUEL DE GUZMAN
Motorcycle riders queue at a gasoline station along España Boulevard in Manila, March 15. — PHILIPPINE STAR/ MIGUEL DE GUZMAN

INFLATION could breach the central bank’s 2-4% target in the second half due to the surge in global oil prices, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Tuesday.

“Inflation is seen to settle above the target range in the second half of 2022 due to elevated global oil and nonoil prices as well as positive base effect,” he said at an online briefing.

“Subsequently, inflation is projected to decelerate back to within the target in the first quarter of 2023, before steadily decelerating in the remaining quarters of 2023 as oil and nonoil prices are expected to taper off,” he added.

Headline inflation quickened to 4% in March from 3% in February, matching the upper end of the BSP’s 2-4% target. This was driven by the impact of the Russia-Ukraine war on oil prices.

At its March 24 meeting, the BSP raised its inflation forecast for 2022 and 2023 to 4.3% and 3.6%, respectively, taking into account higher oil and commodity prices.

Inflation breached the 2-4% target in 2021, when it accelerated to 4.5% from 2.6% in 2020 due to low pork supply.

The BSP’s decision to keep rates at record lows was done considering “recovery is still at its nascent stage” and the economy is still below its full capacity, central bank officials said.

“In our assessment, we would be reaching 2019 gross domestic product (GDP) levels by the second half of this year,” BSP Department of Economic Research Managing Director Zeno Ronald R. Abenoja said.

“It’s not strong enough to really push inflation. It’s really the supply side factors that are really influencing the inflation that we are seeing right now and over the near term,” he added.

However, there are growing calls to hike transport fares and minimum daily wages.

“Given the potential broadening of price pressures over the near term, the BSP stands ready to deploy timely and appropriate monetary policy measures, in line with its price and financial stability mandate,” Mr. Diokno said.

The central bank’s next policy meeting is on May 19.

In a separate note, ANZ Research Chief Economist for Southeast Asia and India Sanjay Mathur and economist Debalika Sarkar said they now expect the central bank to raise interest rates by 125 basis points (bps) this year from 25 bps previously.

It said the BSP would likely start hiking by 25 bps in June, which will be followed by similar moves at their Aug. 18, Sept. 22, Nov. 17, and Dec. 15 meetings.

“We think these [inflation] risks are not trivial, given the limited fiscal intervention to control oil prices as well as a probable increase in firms’ pricing power,” the analysts said.

They said broader policy actions might be warranted to address the surge in oil prices, such as the suspension of taxes on fuel products.

The government has rejected calls to halt the collection of excise taxes on fuel products, and instead provided fuel subsidies to the transport and agriculture sector.

“However, concerns over potential revenue loss and consequent deterioration of fiscal health have taken precedence, particularly when the government is walking a tightrope on fiscal targets,” ANZ analysts said. — Luz Wendy T. Noble

Philippines raises $559M via Samurai bond deal

REUTERS

MANILA — The Philippines has raised 70.1 billion yen ($559 million) from an offering of four-tranche Samurai bonds, fixed-income news provider IFR reported on Tuesday.

A five-year tranche raised 52 billion yen and was priced with a 0.76% coupon, while a seven-year portion raised 5 billion yen with a 0.95% coupon, it said.

An offer of 10-year bonds raised 7.1 billion yen at 1.22% coupon, and a 20-year tranche raised 6 billion yen at 1.83% coupon, IFR said. — Reuters

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