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Pru Life UK offers health management solutions to CIMB clients through app

PRU LIFE UK on Tuesday launched a distribution agreement with CIMB Bank Philippines, Inc. for the insurance company’s first digital bank insurance partnership in the country.

Through its app Pulse, Pru Life will extend its health management solutions to CIMB customers, while Pulse app users can access CIMB’s deposit, savings and credit products.

The partnership offers savings, credit and insurance services to the combined customer base of more than six million, Pru Life UK President and Chief Executive Officer Eng Teng Wong told a news briefing on Tuesday.

Vijay Manoharan, chief executive officer at CIMB Bank Philippines, said the partnership allows for easy access to its services.

“We feel that giving access, tremendous value and by making it all digital, we’ll be able to sort of disrupt this whole space around financial inclusion,” he said.

He added that he expects the CIMB customer base to exponentially grow with the partnership, though he was not setting a target.

“At least from a CIMB standpoint, we’ve been here for three years, we have 5 million customers. We want to double that,” he said.

Mr. Manoharan earlier said more consumers could return to the credit market by next year for their nonessential needs such as travel, shopping and home renovation activities that have been suppressed in the past two years amid a coronavirus pandemic.

The bank has said it plans to expand its offerings to include insurance and investment products. — Jenina P. Ibañez

Hi-Precision holds blood lotto

DIAGNOSTIC CENTER Hi-Precision is holding a blood lotto or “Blotto” wherein patients who have their blood tested till Jan. 21, 2022, have a chance to win P250,000.

The campaign, developed in partnership with ad agency Gigil, is in line with the center’s 25th anniversary.

To join, go to www.hi-precision.com.ph and keep your CBC and platelet count blood test. The second digit from the left of your white blood Cells, red blood cells, hemoglobin, mean corpuscular volume, and platelet count results will be your Blotto number.

For more information, visit hi-precision.com.ph/newsroom/Blotto.

Arts & Culture (12/08/21)

Manila’Bang art festival opens Dec. 8

GALERIE Roberto has organized The Manila’Bang Show: ArtFest International 2021 which will be held from Dec. 9 to 12. Done in partnership with Artsper Europe and Art Moments Jakarta, the festival will feature over 170 leading contemporary artists in the Philippines and from around the globe (Vietnam, Indonesia, Japan, Malaysia, Thailand, Ireland, Spain, Brazil, Netherlands, Australia, Germany, Serbia, Bangladesh, and India led by Reynold Dela Cruz). It will place at a premium 2,000 sqm space at Festival Mall, Civic Drive, Alabang, Muntinlupa City. The fair will feature a number of solo exhibits including Ferdinand Cacnio’s “Dancing on My Own”; Anton Del Castillo’s “Reminiscense”; Ram Mallari’s “Artspawn: 10 Years After”; Marge Organo’s  “When Sand and Fire Collide”; Julius Redillas’s “Tabi Tabi”; Christian Tamondong’s “Reflections”; and Rene Cuvos’ “Why Not?” There will also be several special shows focusing on the works of Orley Ypon, Romulo Galicano, Robert Besana, Nune Alvarado, Brian Uhing, and S-Ann Ch’I. The arts festival will include #ArtTalks, a series of dialogues on contemporary art, culture, and the market with professionals and practitioners in the arts, culture, and creative industries ecosystem. Speakers include Sandra Palomar-Quan, John Alexis Balaguer, Dr. Katherine Anne Correa, Mayumi Hirano, Renan Laru-an, Gian Carlo Delgado, Dr. Lorelei R. Vinluan, and Prof. Amos Manlangit. For more details on #ArtTalks, visit www.galerieroberto.com.

Pete Velasquez returns to Gateway Gallery

PETE Velasquez, architect turned visual artist, is one of the more prolific artists in the country today, even during the pandemic. He is known for his idyllic scenes of the country and of women. In his 11th solo exhibit, “Pidh-DRAW,” Mr. Velasquez displays modernist techniques in producing classic images on canvas or paper by means of line drawings and tonal renditions of objects or forms. “Phid-DRAW” is ongoing until Dec. 10 at the Small Room of Gateway Gallery. Gateway Gallery is open Mondays to Friday, from 10 a.m. to 6 p.m., although it is open on weekends for the visitors of “Phid-DRAW.” It is located at the 5th Floor, Gateway Tower, Araneta City, QC.

Unsinkable Harvest exhibit at Robinsons La Union

ROBINSONS Land’s ArtAblado recently lent support to Alger Guevarra, a La Union based visual artist and environmentalist who has mounted his Tsinelas Art Exhibit series dubbed as “Unsinkable Harvest” at the 3rd level of Robinsons Place La Union which runs until Dec. 19. Mr. Guevarra’s method of producing art is unconventional. He recycles used flip flops by grinding these into powder and mixing in glue to produce a paint mixture. Unsinkable Harvest highlights 18 lifelike paintings of vegetables, grown by farmers of the region. For this series, the artist used recycled slippers and mats as medium. The exhibit is open Mondays to Sundays from 9 a.m. to 9 p.m.

Silverlens presents ‘Dobol Trobol’

POW Martinez and Jigger Cruz once again pair up in the Silverlens show “DOBOL TROBOL,” which is ongoing until Dec. 20. The show’s title is given that comical Filipino wordplay, not to make fun of itself but to provide an atmosphere of amusement and welcome the viewer to take in the show’s eclectic, humorous paintings blithely. This time, the artists came together in the studios of Cruz in Parañaque and an artist village in Amadeo, Cavite, to work on each piece simultaneously. It was essential to the artists not to overthink or overwork their creations, letting the works come to life organically as they alternate applying the various paint mediums and suppressing the urge to fill every inch of the canvas and paper.

Lecture series Poli-tech Stories

THE PHILIPPINE Italian Association has partnered with the Politecnico di Milano to bring to the Philippines “Poli-Tech Stories,” a series of talks on “Polytechnic Culture” on Dec. 22, 5 p.m., via Zoom, to be given by professors from the university. The discussion includes stories of science, technology, and creativity, stories of our future, stories of women and men who have distinguished themselves for their contributions in their particular fields. The program is created especially for the Filipino audience. To register, visit https://www.eventi.polimi.it/events/poli-tech-stories-made-in-polimi/.   

Ricky Ambagan’s ‘I’m Coming Home’ exhibition

SALCEDO Auctions presents the second solo exhibition — I’m Coming Home — of artist Ricky Ambagan at Salcedo Private View. Mr. Ambagan has lately assumed the role of a cinematographer in the way that he presents his subjects. Intentionally breaking the rules of perception and perspective. Mr. Ambagan’s choice of displaying his artworks within maleta (luggage) frames gives a new, positive meaning to the idea of carrying personal baggage. He dares his viewers to ask themselves what their own personal baggage may be after confronting them with visualizations of his own personal experiences. The exhibition runs until Dec. 18 (Tuesdays to Saturdays, 9 a.m. to 5 p.m.) at the Nex Tower, 6786 Ayala Ave, Makati City. To RSVP, contact Kristine at 0917-6591-2191.

Advocacy shirts by Linya-Linya x Ramon Magsaysay Award

WEARABLE Activism: A Collaboration between Ramon Magsaysay Award and Linya-Linya presents five statement shirts which tackle truth-telling in media, eradicating poverty, protecting our seas, improving lives through science, and peace-building. These advocacy shirts are inspired by the 2021 Ramon Magsaysay Awardees. They are now available at https://www.linyalinya.ph/collections/RMAF. Proceeds of this shirt collaboration go to RMAF’s Magsy Fund to increase the impact of the work of the Awardees and other emergent leaders.

Soft opening Ayala Museum, Filipinas Heritage Library  

THE AYALA Foundation caps its 60th anniversary with the soft opening of the Ayala Museum and Filipinas Heritage Library (FHL). Closed for renovation since June 2019, the soft opening offer a glimpse of the newly renovated museum and library, with five galleries initially accessible to the public with prebooked admissions, timed entries, and limited capacity on admissions. In response to the global pandemic and to ensure guests safety, operational adjustments and safety protocols have been adopted. All guests visiting the museum and library, regardless of age, must be fully vaccinated and will have to provide proof of vaccination upon entry for the safety of all visitors and staff. Full protocols, visitation guidelines, and reminders are available on Ayala Museum’s new website: www.ayalamuseum.org/visit. To learn more about the museum and library’s new protocols, what to expect during the soft opening, and how to book tickets at ayalamuseum.org and filipinaslibrary.org.ph.   

Kulay Labitigan mural makes splash in London

LONDON’S gastronomic epicenter, Soho, recently welcomed a new Filipino restaurant that has been the talk of the town for two reasons. Kasa & Kin, conceptualized by the owners behind Romulo Cafe, focuses on contemporary Filipino cuisine. Equally stunning is the expansive mural that wraps the restaurant interior in kaleidoscopic patterns, harlequin imageries, and the bright plumage of an omnipresent Ibong Adarna. The artist behind the mural is a Filipino, Kulay Labitigan, 31, an “experiential” illustrator in London with a knack for storytelling. Hailing from Tayabas, Quezon, Mr. Labitigan finished Fine Arts from the University of the Philippines Diliman and arrived in the UK on a scholarship grant to study MA in Narrative Environments at Central Saint Martins-University of the Arts London. In London, he was mentored by the late Filipino visual artist, David Medalla, known for his “auto-creative” artworks and participatory ideas, founder of the London Biennale, and highly respected within Europe’s artistic community. For 15 years, Mr. Labitigan has explored various media and areas such as theatrical production, 3D installation arts, and illustrations. Some of his illustrations are featured in select Jollibee stores across the UK including London. The mural design for Kasa & Kin was special for the artist as an immigrant living in the UK. “[W]hat resonates to me more is the bird (Ibong Adarna) as an animal of flight and migration. These are powerful reflections for every Filipino and non-Filipino dining in the restaurant,” the artist said. Included in the mural in Kasa & Kin are references to the Philippines, the artist’s childhood town in Quezon, and musings of home.

Osial takes top post at Pilipinas Shell

LORELIE Q. Osial has taken over the top position at listed oil company Pilipinas Shell Petroleum Corp. as well as the post of executive director and chairperson of the nomination committee.

In a disclosure filed with the stock exchange on Tuesday, the company said her designation as chief executive officer, president and executive director became effective on Dec. 1.

Ms. Osial took over these posts after Cesar G. Romero stepped down on Nov. 30.

“Mr. Romero will stay on until Jan. 31, 2022 to ensure a smooth and streamlined transition and handover to Ms. Osial,” the company said.

Ms. Osial has been the Shell group for two decades. She has held various finance roles in production, projects, regional, shareholder, and joint venture environments in the upstream and midstream business segments in Asia, Middle East and North Africa.

Pilipinas Shell’s board of directors approved the appointment on Nov. 9 through a teleconference. The approval included the appointment of Randolph T. Del Valle, Pilipinas Shell’s vice-president for mobility, who succeeded Rolando J. Paulino, Jr. as director in September.

The board also approved the contracts of the corporation with Shell International Eastern Trading Co., the trading arm of the Shell group, after a favorable endorsement from the related party transaction committee.

“Due to the materiality of the contracts, an external independent party evaluated the fairness of the contract terms,” the disclosure read, adding that transactions with the trading arm accounted for 96% of the related party transactions of Pilipinas Shell as of the third quarter of 2021.

At the local bourse, Pilipinas Shell gained two centavos or 0.1% to close at P19.96 per share on Tuesday. — Marielle C. Lucenio

SEAG medalists lead cast of athletics championship in Baguio City on Dec. 16-17

SOUTHEAST Asian Games (SEAG) gold medalists, headed by marathon queen Christine Hallasgo, will spearhead the cast in the Ayala National Athletics Championships set Dec. 16 and 17 at the Baguio Athletic Bowl.

Philippine Athletics Track and Field Association (PATAFA) President Philip Ella Juico said the two-day meet would serve as a performance competition for Ms. Hallasgo and the other national team mainstays who are seeing action in next year’s Hanoi Southeast Asian Games and Hangzhou Asian Games.

“This is an attempt to go back to the normal with all the precautions, of course, and our athletes need to remove all the rust also,” said Mr. Juico during yesterday’s online Philippine Sportswriters Association (PSA) Forum.

Mr. Juico said they did not require their athletes training abroad to join due to coronavirus disease 2019 (COVID-19) restrictions and risks.

But there will be no shortage of talents in the race as Ms. Hallasgo and fellow gold winners Aries Toledo (decathlon), Melvin Calano (javelin) and Clinton Bautista (110-meter hurdles) are also provide the excitement.

Other SEA Games medalists who have confirmed attendance were decathlon Janry Ubas, triple jumper Mark Harry Diones and relay runners Eloisa Luzon, Jessel Lumapas and Maureen Schrijvers.

From Baguio, the Nationals would travel down to the PhilSports Complex in Pasig City to join the rest in the resumption of training of all Philippine pool members set Jan. 10 next year. — Joey Villar

Duterte frees Philguarantee from paying dividend

THE PHILIPPINE Guarantee Corp. (Philguarantee) does not have to declare and remit a percentage of its net earnings in the past two years to the National Government, according to an executive order.

President Rodrigo R. Duterte in Executive Order 153 signed on Dec. 6 reduced the dividend rate to 0% from 50% of Philguarantee’s annual net earnings in 2019 and 2020.

The reduction will support the state guarantee company’s role “in facilitating and promoting socioeconomic development through provision of credit guarantees to the priority sectors of the economy,” according to a copy of the order.

As recommended by the secretary of Finance, the reduction also seeks to support Philguarantee’s capital position and let it comply with central bank regulations, it added.

Republic Act 7656 requires government-owned or -controlled corporations to declare and remit at least half of their annual net earnings as cash, stock, or property dividends to the National Government.

The president may adjust the percentage of annual net earnings to be declared by these companies in the interest of the national economy after a recommendation from the Finance chief.

Philguarantee provides credit guarantees that support trade and investment, infrastructure, energy, tourism, farm modernization and housing.

It approved guarantee cover on loans worth P3.499 billion to the agriculture sector in the first half, the Finance department said in August.

The guarantees were given to 47 lending institutions to support farming and fishery production. — Jenina P. Ibañez

A patient’s journey to antimicrobial stewardship

Medical illustration of drug-resistant Mycobacterium tuberculosis bacteria via US Centers for Disease Control and Prevention/Antibiotic Resistance Coordination and Strategy Unit

By the year 2050, it is estimated that 10 million people could die annually as a result of antimicrobial resistance (AMR).

AMR occurs when bacteria, viruses, fungi, and parasites no longer respond to medicines, making common infections harder to treat, and increasing the risk of disease spread, severe illness and death. Antimicrobials include antibiotics, antivirals, antifungals, and antiparasitics.

“If left unchecked, AMR can jeopardize the healthcare gains of society and pose a threat to health security, negatively affecting trade and damaging economies. This can lead to what experts have termed as the post-antibiotic era wherein minor infections may lead to death,” said Health Undersecretary Atty. Charade B. Mercado-Grande during a forum on Innovating for Antimicrobial Stewardship.

The forum was organized in support of the Department of Health and World Health Organization (WHO) celebration of World Antimicrobial Awareness Week this November. The forum, moderated by Dr. Arthur Dessi Roman of the Philippine Society for Microbiology and Infectious Diseases, also featured a compelling patient story.

When patient Maricel Buen was diagnosed with pneumonia in 2011, her doctor prescribed a weeklong antibiotic course. After three days, her cough was gone and she felt better. She stopped taking antibiotics. When her throat started to itch after several days, she took the remaining antibiotics.

A month later, her cough returned. She consulted another doctor who diagnosed her with pulmonary tuberculosis and prescribed a regimen of antibiotics. However, she was unable to complete the antibiotic course. A friend helped enroll Ms. Buen in the Directly Observed Treatment Strategy (DOTS) program, which provides free antibiotics to TB patients at the local health center.

However, after eight months on DOTS, she still had a cough. Her doctor ordered a sputum test, which still turned out positive for TB. Suspecting that Ms. Buen had developed drug-resistant TB, the doctor referred her to the Lung Center of the Philippines (LCP) for appropriate diagnosis and treatment.

Instead of going to LCP, Ms. Buen turned to a folk healer and self-medicated with cough syrup.

In 2013, someone noticed how thin and sickly Ms. Buen was and urged her to see a pulmonologist at LCP. “It was then that I realized my two children were still young. I did not want them to grow up as orphans,” Ms. Buen recalled in vernacular. She consulted the pulmonologist who referred her to a DOTS Center for a sputum test and GeneXpert test. The tests confirmed she had tuberculosis resistant to the antibiotic rifampicin.

Supported by nurses and fellow patients, Ms. Buen completed the 18-month Programmatic Management of Tuberculosis Preventive Treatment course.

Today, the 44-year-old massage therapist is a volunteer at the same DOTS Center, helping other TB patients complete their treatment. She is also the core leader of Breathe Free PH, which represents communities affected by tuberculosis, and advocates responsive and adequate policies and programs on TB.

“Consult a doctor before taking antibiotics. Never self-medicate and make sure to complete the antibiotic regimen prescribed by your doctor,” said Ms. Buen. She appealed to family members to remind their loved ones about taking their prescribed TB medications. Patients can also rely on the support and education provided by patient support groups.

Ms. Buen has placed a human face to the complex problem of antimicrobial resistance. The Association for Professionals in Infection Control and Epidemiology defines antimicrobial stewardship as a coordinated program that promotes the appropriate use of antimicrobials, improves patient outcomes, reduces microbial resistance, and decreases the spread of infections caused by multidrug-resistant organisms.

According to Ms. Grande, a holistic, multi-sectoral approach is vital in order to effectively address AMR. She cited effective communication, education, and awareness campaigns as well as innovation and research as among the key strategies of the Philippine Action Plan to Combat AMR: One Health Approach.

 

Teodoro B. Padilla is the executive director of Pharmaceutical and Healthcare Association of the Philippines (PHAP), which represents the biopharmaceutical medicines and vaccines industry in the country. Its members are at the forefront of research and development efforts for COVID-19 and other diseases that affect Filipinos.

How PSEi member stocks performed — December 7, 2021

Here’s a quick glance at how PSEi stocks fared on Tuesday, December 7, 2021.


Philippine labor force situation (Oct. 2021)

THE RANKS of Filipinos who were jobless and looking for work declined in October, while those employed but wanting more work increased from the previous month, latest labor data showed. Read the full story.

Philippine labor force situation (Oct. 2021)

Headline inflation rates in the Philippines (Nov. 2021)

INFLATION eased for the third straight month in November to hit its lowest level in four months but remained above the government’s forecast for the year. Read the full story.

Headline inflation rates in the Philippines (Nov. 2021)

Robredo sees trust in gov’t as critical to investor confidence

VP LENI OFFICIAL ROBREDO FB PAGE

VICE-PRESIDENT Maria Leonor G. Robredo said her platform if she wins the Presidency will conform largely to the economic planning agency’s long-term blueprint, but emphasized the need for “trust” in the government to attract the needed investment.

She said in a recorded video during the 10th Arangkada Philippines forum Tuesday that she is committed to a style of governing that engages with business and is more solution-oriented than focused on restrictions and penalties. “It is a government that listens and builds workable and dynamic consensus with stakeholders.”

“The role of government becomes clearer, to make sure that gaps are filled, obstacles are addressed, and interventions are done so that the journey towards the vision is faster,” she said.

The National Economic and Development Authority’s long-term plan is known as AmBisyon Natin 2040, first drafted in 2015. Its targets include making the Philippines predominantly middle-class while minimizing poverty and poor health.

Ms. Robredo said as long as the government remains transparent, carries out robust dialogue with stakeholders, and modernizes, the goals are achievable.

An untrustworthy government, she said, makes the economic environment unpredictable, leading to a lack of confidence that keeps investors away. If she wins next year, she said that she will work towards reinforcing transparency and accountability.

The Philippines must “formulate new practical processes that reflect our online reality,” she added, because digitization will surely be at the forefront of economic development.

Senator Panfilo M. Lacson, Sr., who is also running for President, is also eyeing digitalization if elected.

“I envision for our country to connect, unify and automate all our government processes in order to improve the efficiency of our business transactions, raise our revenue collections, and ultimately minimize, if not totally eradicate corruption in all levels of our bureaucracy,” he said in a recorded video during the forum.

He proposes to increase funding for research and development to boost innovation and productivity, promoting an export-driven economy and raise the Philippines’ global competitiveness.

Mr. Lacson also promised to ensure that economic reforms like the Retail Trade Act are properly implemented. “We also commit to Property Valuation and Assessment Reform, Ease of Paying our Taxes, and promotion of digital payments, among others which must lay the groundwork to reboot our economy.”

A vigorous “Made in the Philippines” campaign, Mr. Lacson said, is also among his proposals to encourage the purchase and consumption of locally-made products and services.

He also intends to revive micro, small and medium enterprises (MSMEs) via targeted fiscal stimulus packages, eviction and foreclosure moratoriums, low-interest loan programs, and employee-retention incentives to encourage enterprises to maintain their operations.

Senator Emmanuel D. Pacquiao, Sr., who is also running for President, also said that he plans to support MSMEs to provide improved livelihood and eradicate hunger and poverty.

If elected, Mr. Pacquaio said that he will lower the corporate tax to 15% from the current 30%.

He also promised to lower prices of electricity and improve internet connectivity. — Alyssa Nicole O. Tan

Electronics industry seeks review of perks, claims FDI weakening

REUTERS

THE electronics industry called for a review of the fiscal incentives system under Republic Act No. 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, noting that the next government needs to address the weaker-than-expected levels of foreign investment the law has generated.

 “On one hand, CREATE is wonderful. It reduced the corporate income tax. But I think, this is a wish for the new administration is to revisit the rationalization of incentives,” Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) President Danilo C. Lachica said during the second day of the 10th Arangkada Philippines Forum Tuesday.  

Mr. Lachica said the industry is concerned about investment growth, in which CREATE has not lived up to its billing.

“If you look at 2020 numbers, we’ve seen anywhere from 45%-60% growth in Philippine foreign direct investment (FDI). But we’re comparing the Philippines with investments from previous years. What I believe we should be looking at is investment in the Philippines vis-à-vis our ASEAN neighbors,” Mr. Lachica said.

“In 2020, the $2.2 billion that the Philippines got for FDI pales compared to (neighboring countries). Indonesia got 13 times more, Malaysia seven times more, Thailand 7.3 times more, and Vietnam 13.5 times more. We pride ourselves in being an investment destination. But I hope we can do a root cause analysis. We have problems in power and logistics, but our labor is very productive. We have assets,” he added.  

 “I hope the next administration can revisit that, especially the ability to attract investment on the same scale as our ASEAN neighbors. If ever, and this might be going out on a limb, I would like the next administration to revisit the ability of the Philippine Economic Zone Authority (PEZA) to attract and approve investment,” Mr. Lachica said.

Daniel Alexander, Australia – New Zealand Chamber of Commerce of the Philippines president, said in a separate virtual press conference for the 10th Arangkada forum that any change to PEZA should be pursued cautiously.  

“I think any change to PEZA or organizations like it should be really reviewed very carefully. Any change to PEZA or granting them additional power that would help them bring in investment can only be seen as a positive,” Mr. Alexander said.

Trade Secretary Ramon M. Lopez said in his keynote speech during the forum that the Philippines is a top exporter in nearly 200 types of product.

“The Philippines plays an important role in international trade with the country ranking among the top 10 exporters for 194 tariff lines. With our industry development-centric approach to building our export competitiveness, we are optimistic that the number of tariff lines where the Philippines is considered a global leader will increase in the next couple of years,” Mr. Lopez said. 

As our country navigates this fast-changing world amidst the pandemic, we are confident that the Philippines remains a premium investment destination (in the region),” he added.  — Revin Mikhael D. Ochave