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DMCI Homes’ net profit surges to P4 billion

MID-SEGMENT home developer unit DMCI Homes saw its net income for the first nine months surge by 692% to P4 billion, DMCI Holdings, Inc. told the exchange on Thursday.

The company said the increase from the P505-million income logged in the same period last year was driven by continued project construction and the downpayment recognition of new accounts.

Meanwhile, sales and reservations improved by 11% to P15.3 billion from P13.7 billion on the back of a “recovery momentum” and its higher average selling price. DMCI Homes said it saw demand for bigger units and prime lo-cations.

“We are seeing some improvement in demand but the real estate industry and our market, in particular, will take more time to rebound,” DMCI Homes President Alfredo R. Austria said.

“We expect sales and reservations to trend higher as the economy safely reopens and financial uncertainty tapers off for our target buyers, Mr. Austria added.

DMCI Homes said its consolidated core net income jumped by 202% to P3.3 billion from last year’s P1.1 billion.

Shares of DMCI Holdings went down by 0.50% or four centavos to P7.96 each on Thursday. — Keren Concepcion G. Valmonte

EntertainmentNews (11/12/21)

con-tu-latido

Instituto Cervantes pays tribute to Luis Eduardo Aute

AN ONLINE concert paying tribute to the Manila-born artist and musician Luis Eduardo Aute, will be held on Nov. 18, with several Filipino singers covering select iconic songs by Aute. Presented by Instituto Cervantes and the Em-bassy of Spain in the Philippines, the event, titled Con tu latido: Filipinas canta a Aute. A Tribute, will be streamed at 7 p.m. on the Instituto Cervantes YouTube channel: https://www.youtube.com/InstitutoCervantesManila. Singer and actress Bituin Escalante will render one of Aute’s first hits, “Rosas en el mar” (1966), while Mark Anthony Carpio, choirmaster of the Philippine Madrigal Singers, will perform “La belleza.” Toma Cayabyab of the Ateneo Cham-ber Singers, the Villancico Vocal Ensemble, and jazz sextet Debonair District, will sing “Libertad.” Tenor Julius Sinoy will sing “Dos o tres segundos de ternura.” James Barbecho will be covering “Siento que te estoy perdiendo” (1981). Soprano Sheila Ferrer will cover “Slowly” (1992), and Ella Castro will sing “Sin tu latido.” Spanish singer Rosa León will give her rendition of “Mirándonos los dos” (1980). The concert Con tu latido. Admission to the concert is free. For further information about the event, visit the website of Instituto Cervantes at https://manila.cervantes.es or Facebook page at www.facebook.com/InstitutoCervantesManila

Filipino-dubbed versions of Jirisan, Forever and Ever out

K-DRAMA Jirisan and C-Drama Forever and Ever on iQiyi have been dubbed in Filipino. With this, iQiyi brings a touch of home to Filipinos overseas. Forever and Ever stars Ren Jia Lun and Bai Lu as a top voice actress and chemistry professor who develop a mutual understanding and join hands to preserve traditional craftsmanship. Jirisan stars Hallyu actors Gianna Jun and Ju Ji-hoon as park rangers on Mount Jiri. The Tagalog-dubbed version of Forever and Ever shows every Monday and Tuesday at 8 p.m. while Jirisan will be available every Wednesday and Thursday at 8 p.m. For more Asian content, users can log in for free or sign up for a subscription at the iQiyi app and www.iQ.com.

Wizards of the Coast to release Crimson Vow WIZARDS of the Coast will release Crimson Vow, the latest set of the world’s oldest trading card game, Magic: The Gathering (Magic), for tabletop on Nov. 19. Set in the lavish halls of the affluent Voldaren Estate on the fan-favorite Innistrad plane, Crimson Vow is brimming with vampires (including Dracula inspired cards) as it unites vampires with werewolves in an epic conclusion to Magic’s Halloween-themed saga. The set contains 267 cards. It continues the story and themes of Midnight Hunt, the card set released on September. Paying homage to iconic gothic lore, Crimson Vow resurrects the legendary Vampire Dracula, who appears in multiple alternate forms in foil and non-foil treatments.

Sharon Cuneta joins FPJ’s Ang Probinsyano

SINGER-ACTRESS Sharon Cuneta has joined the star-studded cast of FPJ’s Ang Probinsyano, the country’s longest-running action-drama series that recently marked its sixth anniversary. FPJ’s Ang Probinsyano airs weeknights on Kapamilya Channel, A2Z, TV5, CineMo, Kapamilya Online Live on ABS-CBN Entertainment’s YouTube channel and Facebook page, iWantTFC, WeTV, and iflix. Viewers who use any digital TV box at home such as the TVplus box can rescan their device to be able to watch FPJ’s Ang Probinsyano on TV5 and A2Z. Viewers outside of the Philippines can catch it on The Filipino Channel on cable and IPTV.

ABS-CBN releases 2021 Christmas theme

AFTER one of the most challenging years for Filipinos, ABS-CBN offers a tribute to everyday heroes who give hope, strength, and inspiration to others. The theme song of the network’s 2021 Christmas ID, titled “Andito Tayo Para Sa Isa’t Isa,” will launch on TV Patrol on Nov. 12. Performing the song in the recording and lyric video are Ogie Alcasid, BGYO, Kathryn Bernardo, Andrea Brillantes, Sharon Cuneta, Darren Espanto, Seth Fedelin, Sarah Geronimo, Belle Mariano, Martin Nievera, Daniel Padilla, Zsa Zsa Padilla, Donny Pangilinan, Iñigo Pascual, Piolo Pascual, Erik Santos, KZ Tandingan, Gary Valenciano, Regine Velasquez-Alcasid, and Vice Ganda. The song was written by Robert Labayen and Love Rose De Leon of ABS-CBN Creative Communication Management division with Thyro Alfaro who also composed the song’s music with Xeric Tan. Maria Lourdes Parawan provided the English translation of the lyrics for the video. Limited edition “Andito Tayo Para Sa Isa’t Isa” Christmas shirts and face masks are now available from authorized partners, which are Shirts and Prints PH via Facebook and E-commerce stores for Andito shirts, and InstaMug on Facebook and Instagram for Andito Masks

IFC invests $100M in bonds of Ayala healthcare unit

THE World Bank Group’s International Finance Corp. (IFC) is investing $100 million in a 10-year social bond to be issued by an Ayala Corp. foreign subsidiary, the first such instrument to be issued in the Philippine healthcare sector.

Issued through AYC Finance Ltd., the social bond will support Ayala Healthcare Holdings, Inc.’s (AC Health) refinancing to establish a cancer hospital, expand its primary care and multi-specialty clinics, and accelerate digital initiatives.

The social bond is being issued under a new Ayala Health Social Bond framework, as certified by the International Capital Market Association Social Bond Principles, Ayala Corp. and IFC said in a statement Thursday.

Ayala Corp. subsidiary AC Health plans to build an integrated health ecosystem that focuses on retail pharmacy, pharmaceutical distribution, primary care and multi-specialty clinics, tertiary hospitals, and health technology platforms, the company said.

“The pandemic exposed the massive underinvestment in the country’s healthcare system, reinforcing our thesis for entering the sector six years ago,” Ayala Corp. President and Chief Executive Officer Fernando Zobel De Ayala said.

“The Social Bond supports our strategic priority to scale up AC Health as a new growth platform, underpinned by its commitment to uplift the quality and access to preventive care in the country.”

IFC Regional Industry Director, Manufacturing, Agribusiness and Services, Asia and the Pacific Rana Karadsheh Haddad noted how health gaps in the Philippines have been exacerbated by the coronavirus disease 2019 (COVID-19) pandemic.

“Our investment in this social bond from our long-standing client, the Ayala Group, will help strengthen the Philippines’ healthcare system at a crucial time while also helping to develop the market for social bonds, which are becoming an important tool for helping the private sector manage the socioeconomic impacts of the pandemic and build resilience against future shocks,” she said.

The IFC has also invested $150 million in seven-year social bonds issued by UnionBank of the Philippines, Inc. to finance small business loans.

The Securities and Exchange Commission last year encouraged bond issuers to tap the social bond market to support the economic recovery after the downturn caused by the pandemic.

Ayala Corp. shares fell P1 or 0.11% to P883 Thursday. — Jenina P. Ibañez

Common management issues during the New Year

What are the most common management issues that could turn up when workers report at the start of January? — King Philip.

A husband came home from work after a long and terrible day at the office. “Everything went wrong,” he told his wife. “All the bad news came in early morning and lingered until late afternoon. If there’s one thing I don’t want to hear, it’s more bad news.”

His wife replied: “In that case, you’ll be glad to know that three out of your four children did not break their arms today.”

This story could provide hints about how to frame bad news into something acceptable to the recipient. In my experience, we are often apprehensive of what the future holds, particularly after the nearly two years of the pandemic.

But with or without a pandemic, we can’t be complacent about what the future could bring. Of course, there are things that we can’t control and our only option is to manage those things. Our decisions may not be well-reasoned or thoughtful, but just the same, we can’t be too reactive.

Therefore, it’s best to follow your gut and decide based on specific situations. Doing that could lead to a satisfactory outcome or prevent us from making things worse.

COMMON ISSUES

When we keep our ear to the ground, there’s a good chance of overcoming challenges. Therefore, what are the most common issues that can derail our plans for the New Year? Off the top of my head:

One, unexpected resignations. Workers or even managers have been known to resign as soon as they receive their yearend bonuses, profit-sharing, dividends, and the mandatory 13th month pay. Many workers also wait for year’s end to accept job offers from other employers.

Two, low productivity. This happens due to the long holidays that may have helped encourage relaxed attitudes to work. Many have been known to extend vacations for the flimsiest reasons. Family emergencies are likely to come up, as are sick calls.

Three, heightened recruitment. With all the resignations, the human resource (HR) department becomes extremely busy seeking out replacements, or hire temporary workers as a stopgap.

Four, assessment of internal labor supply. HR could take stock of the current workforce and promote them, or offer lateral transfers to promising individuals to give them opportunities to improve or develop a multi-skilled workforce.

Last, management of worker motivation. In order for any business to succeed, all managers must know how to motivate people. The trouble is that, in most cases, line leaders are not capable of inspiring their subordinates for various reasons. Sometimes, the supervisors and their managers themselves are demotivated.

HR PLANNING

All of these can be easily managed when HR masters manpower planning. Such planning is critical for getting the right people to the right situations, even in emergencies. Manpower planning is an important component of strategic HR management.

Without such planning, the organization may not be in a position to recover from business losses or even compete in the marketplace. Without HR planning, we can’t forecast supply and demand for the organization’s manpower needs.

Effective HR planning will also save the organization from incurring unnecessary costs. No business can afford to be understaffed or overstaffed. Overstaffing means paying employees who perform below expectations. This happens when the overall productivity of a department is disguised by high flyers who may be unintentionally covering for their colleagues’ deficiencies.

Fortunately, there are many ways to do HR planning, depending on management style, strategic positioning, the demands of the market, and the competitive environment.

Achieving such a level of planning could be a pipe dream for some organizations, except that it should not be if management is able and ready to meet all the challenges, regardless of circumstances.

 

Have a chat with Rey Elbo via Facebook, LinkedIn or Twitter or send your workplace questions to elbonomics@gmail.com or via https://reyelbo.consulting

Philippines plummets in digital competitiveness

Goldman readies $30 billion for alternative investments in Asia

Goldman Sachs Group, Inc. is set to plow at least $30 billion into Asian alternative assets over the next five years after revamping its operations and starting an aggressive campaign to raise outside funds in a bid to overtake investment giants such as KKR & Co. and Blackstone, Inc.

In Asia, that means doubling investments to about $60 billion, betting on technology startups, real estate, consumer and renewable energy, said Stephanie Hui, the bank’s co-head of alternative investing in the region.

The challenge for Hui is deploying the money at a time when cashed-up rivals are bidding up valuations. Private equity firms must also navigate a Chinese regime increasingly suspicious of US investments in its most-sensitive sectors, closing off once attractive targets, as well as a broad crackdown on large parts of its private sector.

Since 2003, Goldman has invested $6.3 billion in Asian growth companies alone, generating a realized gross return of 35% as of June, according to Ms. Hui. The top quartile of funds in Asia had a net return of a bit more than 20%, according to a Bain & Co. report.

Globally, the firm has already pulled in more than half of the $150 billion it’s targeting to raise for the alternatives business under a plan outlined by Chief Executive Office David Solomon in 2019. The inflows have helped swell assets under management to $416 billion, topping firms such as Carlyle Group Inc., but lagging behind KKR and Blackstone.

In an interview in Hong Kong last month, Ms. Hui offered a rare insight into how Goldman’s alternative investments are decided and what changes the team is making to navigate the political tensions that have stung investors in China.

Blizzard

The past year has brought a blizzard of regulation in Asia’s largest economy. President Xi Jinping’s crackdown on the private sector and push for more “common prosperity” has raised risks and put dominant firms under closer scrutiny, forcing Goldman to adjust its approach.

Hui’s team is now looking at second-tier firms with leading technology with an ambition to be sector leaders, rather than focusing on the most dominant. On top of investments in the latest enterprise software and financial services technology, it is also betting on consumer and healthcare firms.

Helping Ms. Hui sift through the opportunities is a more integrated team after Solomon brought under one umbrella groups focused on private equity, credit, real estate and financial technology investing. The overhaul also included folding in the principal investment and special situations teams.

Globally, executives are now pushing to make the 3,000 investment bankers, 700 research analysts and 800 wealth managers work better on deal referrals and tending to clients. Goldman has about 160 investment professionals across private equity, credit and real estate in Asia, and may increase that number by as much as 10% next year, said Takashi Murata, who co-heads the group with Hui and is one of the founding members of the firm’s Asian special situations group. That’s more than Carlyle’s about 100 and also tops KKR’s headcount of about 130, according to people familiar.

The reach “sets us apart,” said Ms. Hui, a Harvard-educated managing director who has spent 24 years at the bank. “We simply have more people, more feet on the ground, to touch, feel and understand what’s happening in the market.”

Less Jostling

The changes have also led to more coordination and also less jostling between the firm’s different dealmakers, according to Ms. Hui.

In the past, there have even been some instances where Hui only found out about investments the firm had made from news reports. After the revamp, “it’s just one group making decisions and that clarity is extremely helpful,” she said.

Ms. Hui recently tapped Goldman’s 9,000-strong engineering group to assess an investment in a Chinese technology company. A team in Hong Kong specializing in robotics and artificial intelligence ran product tests on both the company and its competitors. One engineer then helped make the final pitch to the global investment committee, which green-lit the investment of tens of millions of dollars.

“We have many instances where we get calls from our engineers saying ‘this is good technology or software’ and we should take a look at it since it could be the next big fintech company,” she said.

Goldman’s alternatives group typically invests $50-million to $100-million equity in startups, building significant minority stakes via multiple rounds, with a threshold of $150 million.

Deals

Among standout deals was a recent sale of holdings in South Korea’s Woowa Brothers, which generated an almost 30-fold return. Chinese trans-catheter heart valve producer Venus MedTech made it almost eight times the money.

Instead of taking tips from the engineering deck, the Woowa investment followed the more traditional route with a recommendation by Goldman’s investment bankers. On the flip side, the investing team introduced Venus Medtech to the bankers, who arranged the company’s Hong Kong initial public offering in December 2019 as well as a follow-on share sale in 2020.

Still, one key Goldman investment was entangled by China’s recent crackdown on after-school tutoring. The bank was among a group of investors including Primavera Capital to put $350 million into education technology startup Zuoyebang in 2018. The company was considering US initial public offering to raise $500 million, but that is now largely mothballed.

In real estate, Goldman has deployed $7.7 billion of its own capital in more than 100 deals, generating a 26% return since 2012, according to Murata. It’s also targeting credit investments, such as mezzanine debt, senior loans and structured credit in Asia, he said.

The firm plans to build a bigger presence in real estate in developing markets such as China, Korea and India, according to Murata. To get closer to the ground in Korea, it recently moved the Hong Kong-based team to Seoul.

Fundraising

Goldman and its employees have invested heavily in its alternative funds over the years, contributing more than $70 billion to be the two largest investors. They make up above 20% of the investor base in some of the most established funds, said industry executive familiar with the matter, who asked not to be named discussing internal figures. That is far higher than the 8% to 10% at other global funds, the people said.

Under Solomon, the firm has pledged to turbo charge its capital raising activities, driven by new planned funds in alternative investments. To this end, Goldman has built its first-ever fundraising team in the region, moving Stuart Wrigley from Dubai to become head of alternatives capital markets & strategy. The bank has added three managing directors in the Asia alternative business since 2020, including Rajat Sood, who joined from General Atlantic in Mumbai last year. This year it relocated Nikhil Reddy from New York and Thomas Hilger from London, for real estate and private credit, respectively.

The firm’s network is generating deals, Ms. Hui said, with as much as half of the growth in investments in Asia referred internally during peak years. — Bloomberg

Eagle Cement’s net income inches up in Q3

LISTED cement manufacturing firm Eagle Cement Corp. booked a P1.38-billion income in the third quarter, inching up by 1% from P1.37 billion in the same period last year after sales improved.

In a disclosure to the exchange on Thursday, the company said its net sales improved by 28% to P5.18 billion from last year’s P4.05 billion. Its gross profit likewise posted a 24% growth to P2.17 billion from P1.75 billion.

The company also reported that its Bulacan plant expansion has been fully completed. The expansion included its fifth cement mill, third packhouse, and fifth cement silo, along with other facilities.

For the first nine months, the company booked an 89% profit growth to P5.08 billion from P2.69 billion year on year. Its topline also surged by 63% to P16.24 billion from P9.96 billion.

Eagle Cement President and Chief Executive Officer John Paul L. Ang said the company is “pleased to report [an] encouraging set of results” with the pandemic, lower cement prices, and increasing input costs at its backdrop.

Eagle Cement shares on Thursday went down by 0.70% or 10 centavos to close at P14.30 per share. — K.C.G. Valmonte

Elton John receives elite royal honor from Prince Charles

ELTON JOHN performing in Tampa, Florida in Nov. 2019 during his Farewell Yellow Brick Road tou

LONDON — Singer Elton John received a rare royal honor from Prince Charles in a ceremony at Windsor Castle on Wednesday in recognition of a music career lasting more than five decades and his charity work centered on AIDS.

Mr. John, aged 74, was appointed to the Order of the Companions of Honor, an award restricted to the sovereign and a maximum of 65 members.

The musician, who last month scored his first number one for 16 years with Dua Lipa collaboration “Cold Heart (PNAU remix),” joins the likes of artist David Hockney, actress Judi Dench, musician Paul McCartney, and author J.K. Rowling in the order.

One of the best-selling artists of all time, with hits such as “Goodbye Yellow Brick Road,” “Rocket Man,” and “Your Song,” John was knighted by Queen Elizabeth in 1998.

Mr. John, accompanied by his husband David Furnish at the ceremony, walked with the aid of a cane. In September he announced his European tour would be delayed due to hip problems.

Mr. John has raised millions of pounds for the fight against AIDs, including establishing the Elton John AIDS Foundation in the 1990s. — Reuters

Rust armorer being framed over fatal shooting — lawyer

LOS ANGELES — The attorney for the woman in charge of weapons on the Rust movie on Wednesday said he was convinced that someone deliberately put a live bullet into the gun that fatally shot a cinematographer. But the Santa Fe District Attorney said there was no proof of sabotage concerning the gun used by Mr. Alec Baldwin in the shooting last month.

District Attorney Mary Carmack-Altwies told Good Morning America in an interview that investigators still had no idea how live rounds had made their way to the Rust set in October, and that the probe could take months to complete.

“How they got there, I think will be one of the most important factors going into a charging decision,” she said. The possibility of sabotage was raised last week by the attorney for Hannah Gutierrez, the armorer on the set of the Western movie Rust in New Mexico.

“I know that some defense attorneys have come up with conspiracy theories and have used the word sabotage. We do not have any proof,” Ms. Carmack-Altwies said. Asked whether she thought sabotage was a possibility, she said “No.”

Cinematographer Halyna Hutchins was killed on Oct. 21, and director Joel Souza was wounded when a gun Mr. Baldwin had been told was safe fired off a live bullet, investigators have said. Other live rounds have also been found on the set.

Jason Bowles, the lawyer for Ms. Gutierrez, said on Wednesday that his team was convinced that this was sabotage and Ms. Gutierrez was being framed. “We believe that the scene was tampered with as well before the police arrived,” Mr. Bowles said in a statement. He added that Ms. Gutierrez continues to co-operate with the investigation. — Reuters

Song featuring George Harrison and Ringo Starr found in British attic

LONDON — A previously unheard song featuring Beatles members George Harrison and Ringo Starr was unveiled at the Liverpool Beatles Museum on Wednesday after it was found in an attic last year.

Written and produced by journalist and broadcaster Suresh Joshi, “Radhe Shaam” was recorded at London’s Trident Studios in 1968, with vocals from Indian musician Aashish Khan, Mr. Harrison playing the guitar and Mr. Starr on the drums.

“People were tapping their feet, nobody could believe that it was so old,” Mr. Joshi told Reuters after playing the recording to an audience at the museum in the Beatles’ home town. “It was an absolutely wonderful moment and relief at the same time that I have delivered it in my humble way.”

Mr. Joshi said he was recording music with Khan for the film East Meets West at Trident Studios when Mr. Harrison walked in and they started talking. The Beatles were recording “Hey Jude” at the time. Both Mr. Harrison and Mr. Starr later offered to play on his track.

Mr. Joshi found the recording last year, stored away among other belongings in his attic at home, after a friend, checking in on him during lockdown, was intrigued by his stories of the past. He then worked with a producer to restore the tape.

“We rescued it, put the whole thing together, took nearly a month to bring it back to its originality … and digitized it,” Mr. Joshi said, adding the song would be released with all proceeds going to charity.

In a press release, Mr. Joshi described the 53-year-old song as relevant today. “The song itself revolves around the concept that we are all one, and that the world is our oyster — something that we have all realized during this pandemic,” he said. — Reuters

Farmers grappling with ‘apocalyptic’ food crisis

FOR Australian cattle farmer Jody Brown, the most chilling evidence of drought is the silence. Trees stand still, the warbling of birds gone. Lizards and emus have long departed, while kangaroo mothers, unable to sustain offspring, kick baby joeys from their pouches, leaving them to perish in the devastating heat.

“You just feel like you’re in some kind of post-apocalyptic scene,” 37-year-old Brown said from her family’s ranch in Queensland’s central west. The constant dryness means her cattle herd has dwindled to around 400, down from 1,100 at its peak in 2002, and at times there have been no animals on the land at all. The native grasses, once green sustenance, have disintegrated into grey ash.

The world is facing a new era of rapidly increasing food prices that could push almost 2 billion more people into hunger in a worst-case climate crisis.

Confronting the dire predictions, farmers have begun to adapt. On Brown’s ranch in Australia, she’s experimenting with regenerative-farming practices better suited to drought. And across the globe, farmers are swapping crops, switching seeds, increasing irrigation and even putting face masks on their cows in the battle to both increase output and reduce their own emissions.  Meanwhile companies including Syngenta Group, the Swiss agrichemicals giant, are developing new varieties for vegetables like cabbages that are more resistant to extreme weather.

“We’ve got to adapt,” Brown said. She’s exploring alternatives to traditional grazing methods that don’t push the land as hard, like grouping together livestock into tighter, more compact groups and rotating them quickly across paddocks.

“Potentially, there were always better ways of doing things, but you just didn’t notice because you weren’t put under the pressure that climate change puts you under,” she said.

It’s a fight against the floods, drought, frost and scorching heat that have plagued farms from Brazil to Canada and Vietnam, which scientists predict will only worsen in the decades ahead.

Global crop yields could fall about 30% because of climate change, while food demand is expected to jump 50% in the coming decades, according to United Nations’ estimates. Fisheries and water supplies are increasingly threatened, too, said Zitouni Ould-Dada, deputy director of the office of climate change, biodiversity and environment for the UN’s Food and Agriculture Organization.

One of the biggest challenges for farmers is that there isn’t currently the large-scale coordination or access to funds that would be critical to undertake the kind of massive transformation that’s needed.

“If you have to deal with millions of farmers around the world, that you have to coordinate, that’s a huge ask,” said Monika Zurek, senior researcher at University of Oxford’s Environmental Change Institute.

The UN’s FAO is calling on leaders attending the COP26 climate summit to pledge more global actions to help farmers scale up solutions. The group is targeting annual investments of $40 to $50 billion through 2030 to fund things like innovation in digital agriculture.

Without widespread change, the result could be a spiral higher for food prices that will hit importing nations particularly hard.

From Russia to India, here’s an up-close look at the measures being taken by farmers in countries across the globe.

BRAZIL 

Lucas Lancha Alves de Oliveira is making a drastic change on his farm in the countryside of Sao Paulo state. He’s ripping out half his coffee trees to plant corn and soybeans instead. It’s a bold move because the trees are typically an investment meant to last years, but Oliveira is being forced to change course after coffee crops were slammed first by drought and then an extreme frost — a toxic combination for the sensitive trees.

“We got seven months without rain,” said Oliveira, who runs the family-owned company Labareda Agropecuaria, focused on gourmet coffee sales. The drought was followed by the cold blast, which damaged 20% of the area. “Many trees that would produce a lot of beans were chilled by freezing conditions. The losses will be huge next year.”

But the shift won’t last forever. After next year’s harvest, Oliveira will start to replant coffee trees gradually, with an important change: the crops will be fully irrigated. It’s a huge upfront cost, but given the extreme drought he’s seen over several years, Oliveira wagers it’s worth the expense.

“We’ll only plant coffee with irrigation from now on,” he said.

SOUTH AFRICA 

Francois Slabbert, a farmer in the Northern Cape, said the shift in seasons is forcing grape growers to sow other crops like pecan nuts. Where winters usually occurred between mid-May and mid-August, it’s now not underway until about a month later, exposing grape farmers to frost that damages their crop.

While it take as long as 11 years for pecan trees to start yielding nuts, the crop can be lucrative as about 95% of production in South Africa is exported, Slabbert said.

“It takes time, and there’s a huge economic impact to the shift,” he said. “But when you’ve done it, when you’ve completed it, it’s good in terms of the turnover.”

Meanwhile, for Japhet Nhlenyama, a cattle farmer in the eastern KwaZulu-Natal province, drought has gotten so bad that it’s left his livestock emaciated because there’s no grass to feed on. He’s considering giving up on farming. In previous years, he’s gotten some government assistance, but he hasn’t gotten any aid so far this year.

“My living livestock gets blown over by the wind and others are dead because of the drought and not having any food to eat,” Nhlenyama said. “We honestly don’t know what are going to do to survive.”

RUSSIA

Evgeniy Agoshkin has been in agriculture for 20 years, growing wheat and corn along with other crops. Like many of the country’s farms, his fields had traditionally been in the country’s Voronezh region, south of Moscow. But prolonged drought over several years has prompted him to move some 750 kilometers (470 miles) to the northeast into the Ulyanovsk region. He bought 12,000 acres of land, following the advice of a friend who made a similar move. He’s still holding onto some land in Voronezh, and now flies between his two farms to manage the fields.

In Ulyanovsk and in some of Russia’s northern regions, “people have started to plant grain, corn, sunflower seeds, which generally wasn’t possible 20 years ago,” Agoshkin said. “Now it’s all become possible.”

US

With drought gripping California, the biggest US farming state, Fritz Durst planted less than half of the rice he normally would, leaving two of his five fields fallow. He’s not alone. Rice acreage across the state dropped this year to the smallest since 1992, another bad drought year.

In a region where dryness has become the new normal, Durst is working to trap water. He’s boarded up drainage pipes in the fields to hold the scant amount of rain that does fall. One day in October, for example, brought over 5 inches of rain to his fields, a bit more than what fell in the entirety of 2020. Durst will also plant cover crops, which can help enrich soils and prevent erosion. Still, in a part of the country that swings from one extreme weather event to the next, it’s hard for him to predict next steps.

“I don’t try to look past a week,” Durst said.

FRANCE

The vineyard at the farm Samuel Masse’s family has run for more than 20 generations has been battered by both heatwaves and freezes in the past few seasons. This year’s grape yield dropped 70% from a spring cold snap, and the relentless weather extremes means he’s no longer willing to bet on just one crop, as the operation has done since World War I.

But Masses’s plans to plant 200 olive trees this autumn have been postponed by rains and financial constraints from the farm’s frost losses, highlighting the challenges growers face in making such shifts. The grove might now go in next year, and he’s also weighing planting figs, pomegranates or almonds in the future.

“We don’t know now what is a normal year because we always get something,” Masse said. “The problem now is how we do the shift and how fast we do it.”

INDIA

Rice, one of the world’s major staples, is also a big emitter of methane, as its flooded fields block oxygen and allow bacteria to thrive. But farmers like Prasan Kumar Biswal in the east Indian state of Odisha are pioneering new methods. On half of his four acres, he carefully spreads out seedlings and alternates between wetting and drying the fields. The plant’s roots grow more deeply, and the yield improves.

Still, it’s not easy to stray from tradition. He still uses conventional flooding on some fields, and his cousin, Jagannath Biswal, only uses the practice on his. The old way helps to keep weeds at bay at a time when labor is too costly to manage them manually.

“Our forefathers have taught us about flooding the rice fields,” Jagannath Biswal said. “I have never tried to grow rice with less water.”

GREECE 

On the island of Sifnos, George Narlis is relying on historic methods to grow crops with increasingly scarce water. Rains are now rare after February and spring temperatures have gotten much warmer.

“This year for the first time in my life we didn’t have spring — we only had summertime. Many flowers and trees, apricots, died,” he said.

To supply his small farm and restaurant, he’s traveled the island collecting heirloom watermelon and tomato seeds that thrive in the arid conditions. It’s similar to techniques his parents and grandparents used, when they only had access to a small well.

PHILIPPINES 

Raffy Aromin, 43 years old from Cavite province south of Manila, said producing lettuce and cabbage has changed a lot in just the five years that he’s been farming. Extreme afternoon heat in October means crops start to wilt. As a solution, Aromin uses plastic that can protect against harsh UV rays to cover his vegetables. He produces as many as 200 kilograms a week, which he supplies to a local supermarket chain and estimates the plastic saves about 80% of his food crops.

“The Filipino farmers are fighters,” he said, predicting that he’ll remain in farming for many more years.

“Our families rely on farming for livelihood. We have to give it a shot.” — Bloomberg

Sara joins Lakas-CMD before switching deadline

By Kyle Aristophere T. Atienza, Reporter

PRESIDENT Rodrigo R. Duterte’s daughter on Thursday joined a political party that could pave the way for her to run for a national position via substitution.

Davao City Mayor Sara Duterte-Carpio, 43, took her oath as a member of the Lakas-Christian Muslim Democrats (Lakas-CMD) party, House Majority Leader and Leyte Rep. Martin G. Romualdez, president of the party, said in a statement.

Mr. Romualdez said Ms. Carpio has a “proven track record with excellent credentials as mayor of Davao City,” adding that she would be “a very promising leader and a tremendous asset to Lakas-CMD.” He did not directly say which position Ms. Carpio would gun for under the party.

“We had long been inviting Mayor Inday to join our party as we are all impressed with her sterling qualities as a leader and we saw up close her exemplary work ethics as chief executive of Davao City,” said the congressman, who led the oath-taking ceremony in Cavite province on Thursday night.

Lakas-CMD is led by ex-President Gloria Macapagal Arroyo, a known political power broker in Philippine politics.

The party produced two Philippine presidents, namely Fidel V. Ramos and Ms. Arroyo, according to the statement.

Earlier in the day, Ms. Carpio quit the regional party that she set up in 2018. “It is with profound sadness that I hereby tender my resignation from our beloved party,” Davao City Mayor Sara Duterte-Carpio said in a hand-written letter shared by the Hugpong ng Pagbabago party.

“My support will always be with you and I will always be grateful for all the things you have taught me,” she added.

The Davao mayor abandoned her reelection bid on Tuesday, which allows her to potentially run for higher office. She did not immediately reply to a text message seeking comment on her political plan.

It is strategic for Ms. Carpio to run under the Lakas-CMD because the party is backed by Ms. Arroyo, said Maria Ela L. Atienza, a political science professor from the University of the Philippines.

Ms. Carpio could still form an alliance with ex-Senator Ferdinand “Bongbong” R. Marcos, Jr., who is running for president, the political analyst said in a Viber message.

A Marcos-Duterte-Arroyo alliance could not be ignored because the three families have huge resources, Ms. Atienza said. “If they will really work together, it will be hard to campaign against them.”

The law allows Ms. Carpio to join another national party and replace its presidential or vice-presidential candidate by mid-November.

A faction of the ruling PDP-Laban associated with President Rodrigo R. Duterte on Wednesday said it was watching developments after the president’s daughter dropped out of the mayoralty race in Davao City.

In a statement, PDP-Laban President Alfonso G. Cusi said Ms. Carpio’s next move, including any decision to run for a national post would likely affect the political landscape.

There have been rumors that Ms. Carpio might run for either president or vice-president next year. Under the law, she could replace either Senator Ronald M. Dela Rosa or Senator Christopher Lawrence T. Go as the party’s can-didate for president or vice-president.

Ms. Carpio on Tuesday said her brother, Vice Mayor Sebastian Duterte, would run for the city’s top post instead.

Political analysts earlier said the presidential daughter, who has said she would not run for a national position next year, might run in tandem with the namesake and only son of the late dictator Ferdinand E. Marcos.

She and Mr. Marcos met in Cebu last month, fueling speculations that the two were preparing to cement their tandem for the 2022 elections. — with Norman P. Aquin

DISQUALIFICATION

Meanwhile, the Commission on Elections (Comelec) said it could take weeks to resolve a petition seeking to disqualify the namesake and only son of the late dictator from the presidential race.

A group of taxpayers earlier asked the election body to block Mr. Marcos’s presidential run, saying he is ineligible to run for office after a trial court convicted him in 1995 for failing to pay income taxes.

His conviction was upheld by the Court of Appeals and was never appealed before the Supreme Court, the plaintiffs said.

The Comelec would need two to three weeks to rule on the matter, spokesman James B. Jimenez told the ABS-CBN News.

“Once the case has been submitted for resolution, again maybe two weeks from now, then it will be up to the hands of the division to decide as soon as they can or as late as they need to,” he said. “There is no timetable for that.”

The lawsuit would likely be resolved before the May 2022 elections, Mr. Jimenez said. “In practice, it usually gets results fairly quickly.”

The Comelec’s Second Division, which is composed of Commissioners Socorro B. Inting and Antonio T. Kho, Jr., will handle the case. Mr. Inting was an appellate court justice, while Mr. Kho used to be a Justice undersecretary.

A trial court convicted Mr. Marcos in 1995 for failing to pay income taxes for 1982 to 1985. The Court of Appeals removed the jail term and merely fined him.

More than 70,000 people were jailed, about 34,000 were tortured and more than 3,000 people died under the late dictator Ferdinand E. Marcos’s martial rule, according to Amnesty International.

Mr. Marcos ended martial law in January 1981, but it wasn’t until five years later that he was toppled by a popular street uprising that sent him and his family into exile in the United States.

The younger Mr. Marcos was among the first to return to the Philippines from exile in 1991.

The dictator stole as much as $10 billion (P502 billion) from the Filipino people, according to government estimates, earning him a Guinness World Record for the “greatest robbery of a government.”

The Presidential Commission on Good Government, created in 1987 to recover ill-gotten wealth of the family and their cronies, has recovered about P171 billion. — with Norman P. Aquino

Duterte approves new quarantine levels for entire Philippines

PHILIPPINE STAR/ MICHAEL VARCAS

PRESIDENT Rodrigo R. Duterte has approved a plan to use for the entire country a coronavirus alert level system first tested in the Philippine capital and nearby cities.

The nationwide enforcement of the quarantine strategy will be in four phases, according to Executive Order 151 released on Thursday.

The first phase will cover Metro Manila, Central Luzon, the Calabarzon, Central Visayas and Davao regions, while the second phase will expand it to Ilocos, Eastern Visayas and Northern Mindanao.

The third phase will cover Cagayan, Bicol and Zamboanga Peninsula, while the last phase will extend it to the Cordillera Administrative Region, Mimaropa, Caraga and Bangsamoro regions.

The first phase has started, while the second phase may begin by the end of November, according to the order.

Succeeding phases will begin every week thereafter until the alert level system is fully enforced nationwide.

The government on Sept. 16 started enforcing granular lockdowns with five alert levels in Metro Manila, weeks after the government struggled to contain a fresh surge coronavirus infections triggered by a more contagious Del-ta variant.

Coronavirus cases in the capital region might soon plateau as the infection rate dropped to 3%, according to the OCTA Research Group from the University of the Philippines.

“We are still seeing good numbers, a very good positivity rate of 3% in the National Capital Region, OCTA fellow Fredegusto P. David told an online forum on Thursday. “We are at a point where cases might reach a plateau or decrease further.”

Metro Manila’s positivity rate meets the World Health Organization’s standards.

Metro Manila had a daily average of 405 infections from Nov. 1 to 7, lower than 501 a year earlier, Mr. David said. The region’s seven-day average stood at 365.

Metro Manila’s virus reproduction rate was 0.37 from Nov. 1 to 7, lower than the critical cut-off of 1.4 and 0.78 posted a year earlier. Its daily attack rate fell to 2.6 for 100,000 people from 0.78 a year ago.

The Department of Health (DoH) reported 1,974 coronavirus infections on Thursday, bringing the total to 2.8 million.

The death toll rose to 44,866 after 142 more patients died, while recoveries increased by 2.388 to 2.7 million, it said in a bulletin.

There were 29,115 active cases, 62.1% of which were mild, 5.9% did not show symptoms, 10.4% were severe, 17.15% were moderate and 4.4% were critical.

The agency said 37 duplicates had been removed from the tally, 33 of which were recoveries, while 104 recoveries were relisted as deaths. Two laboratories failed to submit data on Nov. 9.

The Philippines injected more than a million doses of coronavirus vaccines on Wednesday, presidential spokesman Herminio L. Roque, Jr. told a televised news briefing.

He said 66.8 million doses of coronavirus vaccines had been given out as of Nov. 10. Almost 30.5 million people or 39.51% of adult Filipinos have been fully vaccinated against the virus, he added.

In the capital region, 91% or 8.9 of its 9.8 million residents have been fully vaccinated against the coronavirus, Mr. Roque said.

The government will tap as many as 200,000 vaccinators for its three-day vaccination campaign, Kezia Lorraine Rosario, a member of the government’s COVID-19 vaccination center, told the briefing.

At least 11,000 vaccination sites would be tapped for the program from Nov. 29 to Dec. 1. Walk-ins will be allowed at inoculation sites, she said. — Kyle Aristophere T. Atienza

Senate asks tribunal to void Duterte memo to Cabinet members

PCOO

THE SENATE has asked the Supreme Court to nullify President Rodrigo R. Duterte’s order barring Cabinet officials from attending its hearings.

In a petition led by Senate President Vicente C. Sotto III, the chamber said the executive frustrates its power to conduct inquiries in aid of legislation. It accused the president of gravely abusing his power.

Named respondents were Executive Secretary Salvador C. Medialdea and Health Secretary Francisco T. Duque.

The senators also asked the tribunal to stop the Executive branch from barring officials from legislative hearings particularly a congressional probe of the Health department’s allegedly anomalous deals.

They cited jurisprudence that voided a 2005 executive order that required executive officials to get presidential consent before attending legislative inquiries.

Mr. Duterte has barred Cabinet officials from attending Senate blue ribbon committee hearings that exposed contracts that allegedly favored Pharmally Pharmaceutical Corp. He has said the Senate hearings were a waste of time.

The senators also asked the High Court to stop the Executive from ordering the police and National Bureau of Investigation to obstruct Senate proceedings.

Senators Ralph G. Recto, Miguel F. Zubiri, Franklin M. Drilon and Richard J. Gordon also signed the petition. — Kyle Aristophere T. Atienza