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Makati Commerce Tower expected to welcome tenants by 3rd quarter of 2022

AN artist’s rendition of the Makati Commerce Tower along Sen. Gil Puyat Avenue in Makati City. — COMPANY HANDOUT

MAKATI COMMERCE Tower is on track to welcome its tenants by the third quarter of 2022, according to its developer BPEA (Baring Private Equity Asia) Real Estate.

BPEA Real Estate topped off the Makati Commerce Tower, its new 36-storey office development, on Nov. 25.

In an e-mailed statement, property consultant Colliers Philippines said the Grade A office development located along Sen. Gil Puyat Avenue is slated for completion in 2022 and it will be ready for its first tenants by the third quarter. 

“This next-generation Grade A office building will set a new benchmark in terms of what occupiers can expect from their office space in the Philippines,” BPEA Real Estate Principal Lyndon Lim said in the statement.

Once completed, Colliers said the 58,000 square meters (sq.m.) “sustainable” office development will add over a third of the 146,000 sq.m. of new office spaces to be completed in Makati City next year.

“[Makati] remains a preferred destination of a lot of companies that are looking for office space. Of course, it’s important that they are located in a prime address, in a prime location,” Colliers Philippines Associate Director Joey Roi H. Bondoc said during the virtual briefing on Thursday.

Colliers noted that Makati City has one of the lowest office vacancy rates in Metro Manila at 289,000 sq.m.

“One trend that we have been seeing is really the absorption of office spaces that are really sustainable, that are healthy, that will optimize health benefits for employees,” Mr. Bondoc said.

The Makati Commerce Tower was also designed to be “future-proof.”  It already boasts a LEED Gold certification at its 67.8% completion rate and it aims to secure a LEED Platinum upon completion and once it meets international ASHRAE standards. 

Colliers said this would mean the building would maintain an “enhanced indoor air quality” for its tenants.

Makati Commerce Tower will feature ultraviolet (UV) systems for sanitizing indoor air quality as well as technology to help tenants save 22% in electricity consumption.

The tower will also have a double-glazed Low-E glass facade to help regulate heat in indoor spaces, without compromising the entry of natural light. The building’s facade was said to be inspired by barcodes, channeling the “notion of data processing and information technology (IT).”

The building’s base will have a 10-storey “living green wall,” which will be visible from the street.

“Given the global pandemic, [BPEA] has further enhanced the building design with COVID-mitigation provision such as contactless access from the ground floor, to the carpark floors, and to all the office floors and this also goes to all the bathrooms with contactless access,” BPEA Real Estate Managing Director Malcolm Lai said during the briefing.

Meanwhile, its destination-control elevators and escalators will have UV sanitizers. The same technology is also used for air conditioning units.  It will also have IT and back-up power infrastructure to better cater to IT-business process outsourcing firms.

The tower will have 25 floors of office space, which will be “column-free” to offer tenants flexibility to design their own offer spaces.

The building will have a total of 784 parking slots, which will be distributed through its eight podium parking levels and two-level basement parking. It will also feature parking areas for bicycles, shower facilities, and charging ports for electric vehicles. 

The ground and the second floors will be dedicated to retail amenities, with a “food and beverage hub” on the 11th floor. There will be a “cafe-bar” at the rooftop terrace and a sky garden on the 36th floor.

“It gives views to the city-wide environment in connection to the skyline of Manila. This will provide valuable breakout spaces for the tenants and extend the range of usable collaboration spaces for users, offering them fresh air, outdoor space, and change of interior environments,” Stephen Jones, director at global architecture firm Woods Bagot, said during the briefing.

“This is essential to development of healthy buildings in our cities.” — Keren Concepcion G. Valmonte

Quizon keeps chess tourney lead

DANIEL QUIZON (right) in action — FACEBOOK.COM/GAMING/QUIZDEN

DANIEL Quizon slowed down his pace a bit and agreed to a 23-move draw with fellow International Master (IM) Ricky de Guzman to retain his top post after eight rounds of the 2021 Philippine National Chess Championships at the Solea Hotel and Resort in Mactan, Cebu on Monday.

Knowing the title is within his grasp, the 17-year-old Mr. Quizon chose a quieter defense and veered away from the riskier Benko Gambit and successfully steered the game into a draw.

It kept Mr. Quizon at the helm with seven points, or 1.5 points atop a resurgent IM Ronald Dableo, who drew with IM Jem Garcia in 31 moves of a King’s Indian Attack.

Mr. Dableo, who has turned up the heat in the last four rounds by scoring 3.5 points in that stretch after drawing his first four outings, has remained the biggest threat to Mr. Quizon’s title bid as the two will only get to play each other in the 11th and final round today.

It also pushed Mr. Quizon closer to emerging the country’s national champion and claiming the top prize worth P80,000 and a slot to the Hanoi Southeast Asian Games and 2023 Asian Indoor and Martial Arts Games in Bangkok and Chonburi, Thailand.

Grandmaster (GM) Darwin Laylo posted the lone victory of the round at the expense of Allan Pason in 36 moves of another Queen’s Gambit to seize a share of third with Mr. De Guzman with five points each in this meet sponsored by the Philippine Sports Commission (PSC) chaired by William Ramirez, JEEP, CCLEX, Metro Pacific Tollways, Alin Cargo, PCSO and RiChess Masters.

The rest of the games here, which was also being backed by POC President Abraham Tolentino, NCFP President Prospero Pichay, Jr., Chess Movement, Inc. chair Ariel Potot, Atty. Roel Canobas and PCSO general manager Royina Garma, resulted to draws courtesy of GM Joey Antonio and IM Joel Pimentel, WGM Janelle Mae Frayna and IM Michael Concio, Jr., and IM Paulo Bersamina and IM John Marvin Miciano. — Joey Villar

Shakey’s brings back Project Pie with Makati store

SHAKEY’S Pizza Asia Ventures, Inc. is opening a Project Pie outlet at Shopwise Hypermarket, it said in a disclosure on Monday.

Project Pie is an artisan, “build-your-own” pizza chain founded in 2013. This marks the return of the pizza parlor chain since its branches in the country were closed in 2017.

“It is a well-loved brand with a solid patronage clamoring for us to bring it back,” Shakey’s President and Chief Executive Officer Vicente L. Gregorio said in a press release.

“We are launching with a couple of stores, Antipolo and Makati, and are looking to build another handful of outlets next year.”

“Situating in a hypermarket with a high foot traffic is a great way to provide this captured market a convenient dining option,” Mr. Gregorio added.

Shopwise Hypermarket in Makati is owned by Robinsons Retail Holdings, Inc. (RRHI). Shopwise was part of RRHI’s acquisition in 2018.

Shakey’s earlier reported that it has exceeded its initial plan of 30 net new stores for the year, and has been focusing on off-premise businesses, such as ghost kitchens and drive-through stores.

Its shares closed at P9.50 each on Monday, up 20 centavos or 2.15%. — L.M.J.C. Jocson

Miss India wins Miss Universe 2021, Bea Gomez finishes at Top 5

Miss Universe winner Miss India Harnaaz Sandhu poses after being declared winner of the Miss Universe pageant in the Red Sea resort of Eilat, Israel, Dec. 13. — REUTERS/RONEN ZVULUN

HARNAAZ Sandhu, Miss India, won this year’s edition of Miss Universe, becoming the pageant’s 70th winner and the third Indian woman to win the competition.

The 2021 Miss Universe pageant was held in Eilat, Israel on Dec. 12 (Dec. 13 in the Philippines).

Sushmita Sen was the first woman to do so in 1994, winning the tilt in the Philippines. She would return in 2017 to Manila as a judge for the 2016 edition, which was won by Iris Mittenaere from France. Ms. Mittenaere was a judge on this year’s competition along with Filipino actress Marian Rivera and supermodel Adriana Lima, beauty queen Urvashi Rautela, model Lori Harvey, and actresses Adamari Lopez and Rena Sofer.

The Philippines’ bet, Beatrice Luigi Gomez, filled up the final Top 5 slot of the competition, but did not make it to the next stage, when the Top 3 candidates were chosen — namely, Miss India (who won the pageant), Miss Paraguay Nadia Ferreira who became First Runner-Up, and Miss South Africa Lalela Mswane. Ms. Gomez competed among a pool of 80 candidates, surviving eliminations for the Top 16 and Top 10 placements.

Ms. Gomez represented Cebu when she competed for the right to represent the country through the Miss Universe Philippines pageant held in September. She made history as the first openly out member of the LGBTQIA+ community to win the Miss Universe Philippines crown.

During Miss Universe Top 5’s Q&A portion, Ms. Gomez was asked her opinion on mandating universal vaccine passports.

“I believe that public health is everyone’s responsibility and to mandate vaccine and inoculation is necessary. And if mandating vaccine passport would help us in regulating and the roll outs of vaccine and mitigate the situation of the pandemic today, I would agree on mandating the necessary passport of vaccination,” she said.

On Monday, the Malacañang released a statement on commending Ms. Gomez for her participation.

“The Palace commends Miss Philippines Beatrice Luigi Gomez for bringing joy to our people and honor to our country at the 70th Miss Universe competition in Israel,” the statement said.

“A member of our armed forces, an athlete, and a youth advocate, Ms. Gomez is an inspiring figure whose participation in Miss Universe allowed the world to see what we in the country witness every day: the strength, grace, and beauty of the Filipino woman. We wish Beatrice all the best in her future plans and undertakings. We are all proud of you.”

Vice-President Maria Leonor “Leni” Gerona Robredo wrote on Twitter: “Truly proud of our dear Beatrice Luigi Gomez, who showed the Universe the fierce heart and grace of the Filipina! Maraming salamat (thank you), Bea, for representing us well. You are an inspiration to us as you break barriers with your strength, courage, and compassion. Mabuhay ka!” — MAPS and JLG

Gov’t fully awards T-bill offer as yields inch down

BW FILE PHOTO

THE GOVERNMENT fully awarded the Treasury bills (T-bills) it offered on Monday as rates declined ahead of central banks’ meetings this week.

The Bureau of the Treasury raised P10 billion as planned via its offer of T-bills on Monday, with demand amounting to P52.758 billion or more than five times the amount on the auction block. Bids were also higher than the P41.285 billion in tenders seen a week earlier.

Broken down, the government sold P2 billion in 91-day securities as planned from tenders amounting to P16.757 billion. The tenor fetched an average rate of 1.125%, down by 3 basis points (bps) from the 1.155% logged in the prior auction.

The BTr also made a full P3-billion award of its offer of 182-day instruments, which attracted bids amounting to P19.36 billion. The six-month paper’s average rate stood at 1.385%, dropping by 5.8 bps from the 1.443% quoted previously.

Lastly, the government raised P5 billion as programmed through its offer of 364-day T-bills as demand hit P16.641 billion. The average rate of the tenor dipped 1.8 bps to 1.625% from 1.643% a week earlier.

At the secondary market prior to the auction on Monday, the three-month, six-month, and one-year securities were quoted at 1.2039%, 1.4505%, and 1.6774%, respectively, based on the PHL Bloomberg Valuation Reference Rates published on the Philippine Dealing System’s website.

“[We] saw strong participation with the auction being last for T-bills and redemption of P28.56 billion this week, including maturing Premyo bonds,” National Treasurer Rosalia V. de Leon said in a Viber message.

Ms. De Leon added that they are studying if another Premyo bond offering is possible in January.

A trader in a Viber message said lower supply as the year comes to an end also caused the decline in T-bill yields.

“The lack of new catalysts also comes into play, making investors comfortable in deploying excess funds,” he added.

Meanwhile, Bank of the Philippine Islands Chief Market Strategist Marco Miguel M. Javier said market participants factored in the upcoming monetary policy meetings of several central banks, including the Bangko Sentral ng Pilipinas (BSP).

“Investors still view T-bills as a good outlet to ride out current volatility ahead of major global and ASEAN central bank meetings this week amidst persistently high inflation,” Mr. Javier said in a Viber message.

The BSP will have its last policy review for the year on Thursday.

All 15 analysts polled by BusinessWorld last week expect the Monetary Board to keep benchmark rates steady to support the economy amid the threat of the Omicron variant of the coronavirus disease 2019.

The BSP’s policy review will come a day after the US Federal Reserve’s meeting on Tuesday to Wednesday. Fed officials have recently become more hawkish, citing the need to consider a faster tapering of its asset purchases as economic conditions improve.

For this month, the Treasury is planning to raise P70 billion from the domestic market: P30 billion via T-bills and P40 billion from Treasury bonds (T-bonds).

Monday’s T-bill auction and Tuesday’s seven-year T-bond offer are the last for the year.

The government wants to raise P3 trillion from local and external sources this year to fund a budget deficit seen to hit 9.3% of the country’s gross domestic product. — Luz Wendy T. Noble

Architecture student envisions a new Divisoria

THE Cube Divisoria by Nikko Sale Regalado

AN ARCHITECTURE student is offering his vision for the rehabilitation of Divisoria in Manila, with the aim to improve the quality of life in the area.

Nikko Sale Regalado, a student from the De La Salle-College of Saint Benilde, School of Design and Arts, proposed a new Divisoria tower called The Cube that will provide spaces for various economic levels.

“Design needs to be inclusive and should not exclude. The Cube encourages our urban setting to become a more people-oriented community where we provide merchants with a dignified space through proper planning,” he said in a press release sent by the school.

The Cube is structured to allow for natural rainwater collection and distribution, and to reduce flooding in the area. It will also have solar panels and strips at the south and west sides “to counter and absorb high thermal inertia.”

Mr. Regalado also suggested use of algae technology to cut carbon monoxide emissions in the market. He also included a site development plans that would use fly ash as an alternative to asphalt and concrete.
He also recommended color coding each area in Divisoria to make it easier for consumers to find the hubs for fabrics and garments, toys, shoes, fruits and vegetables, among others.

The proposed Cube received the Best Colour Choice Award in Architecture at the Nippon Paint Asia Young Designer Award, the Philippine edition of the prestigious Asia Young Designer Awards.

Gov’t urged to focus on industries to be competitive

THE PHILIPPINES should have a longer-term view to become a competitive and critical hub for industries such as electronics within the ASEAN region, according to an industry player.

Arthur R. Tan, Ayala-led Integrated Micro-Electronics, Inc. (IMI) chief executive officer, said in a television interview on Monday that the Philippines should venture into specific industries and not cater to all sectors.

“We cannot be everything to everybody. And that is the reason why Vietnam, Thailand, and everybody else have been very successful… because they try to be very specific and then rally everything that they have in terms of private-public partnership in order to enhance that, including the policies involved,” Mr. Tan said.

“I have yet to see an economy that actually got bigger without the backing of an industrialized nation. Clearly, manufacturing is a major part of that,” he added.

Mr. Tan said the Philippines has to take advantage of its strengths, such as being one of the key electronic base industries in the region.

“We do not even have to have that challenge of transitioning from a major mechanical base to electronic. We are already electronic. The future catalyst for being able to achieve this carbon neutrality is going to be anchored on technology and the hardware part of it is electronic-based. This is where we are good at. We have to take advantage of that,” Mr. Tan said.

OMICRON NOT A BIG THREAT
Meanwhile, he said the emergence of the Omicron coronavirus variant will have a “muted effect” on IMI’s operations.

“(Omicron) is a big threat from the perspective of how all the other countries and markets are reacting to it. And we see this in the stock market and how the restrictions for travel have been imposed on certain countries. However, on an operating basis, we see a muted effect,” Mr. Tan said.

“In China where we operate five different factories with over 8,000 headcount, we had yet to have any shutdown or any lockdown or any employees that have been directly affected by this,” he added.

On Monday, shares of IMI on the local bourse dropped 2.16% or 18 centavos to end at P8.15 apiece. — R.M.D. Ochave

CHEd greenlights collegiate athletes’ face-to-face training

UAAP BASKETBALL — UAAP

COLLEGIATE sports are back after a two-year pandemic hiatus.

The Commission on Higher Education (CHEd) on Monday officially gave the green light to allow collegiate athletes to hold contact or face-to-face training, signaling the start of the school leagues that was shelved the past two years due to coronavirus disease 2019 (COVID-19).

No less than CHEd Chairman Prospero “Popoy” E. de Vera III gave his stamp of approval of the guidelines that would allow student athletes to stage bubble training in full capacity in Alert Level 1 areas and 50% in Alert Level 2 venues.

“They may now start immediately,” said Mr. De Vera during a briefing at the Emilio Aguinaldo College Sports and Cultural Center in Manila.

No less than Health  attended it along with school representatives from the National Collegiate Athletic Association (NCAA) and University Athletic Association of the Philippines (UAAP).

In the in-person training, all athletes, coaches and staff members were required to get vaccinated and implement health protocols.

The next move now is the competition proper, which could start March the earliest for both the NCAA and UAAP.

The guidelines were practically the same ones being implemented in the face-to-face classes in the whole country.

The last time collegiate sports were played was in 2019.

The NCAA held its season last year but mostly online since contact and face-to-face games are strictly prohibited during the pandemic. — Joey Villar

The Beatles: Get Back glosses over the band’s acrimonious end

Paul McCartney, John Lennon, George Harrison, Ringo Starr, and The Beatles in The Beatles: Get Back (2021) — IMDB.COM

IN the new film The Beatles: Get Back, Lord of the Rings director Peter Jackson tries to dispel the myth of the Beatles’ breakup.

In 1970, Michael Lindsay-Hogg released Let It Be, a film documenting the band’s recording sessions for their eponymous album. The movie depicted George Harrison arguing with Paul McCartney — and it hit theaters shortly after news of the band’s breakup emerged. Many filmgoers at the time assumed this depicted the days and weeks during which everything fell apart.

By the time it hit theaters, nearly 16 months after filming, this rehearsal footage got mistaken for a completely different time frame.

In 2016, Mr. Jackson gained access to Mr. Lindsay-Hogg’s original footage. Over the course of four years, he edited it into an eight-hour, three-part series, thanks to a streaming deal with Disney+.

In their press rounds, both Mr. Jackson and Mr. McCartney have been eager to recast the legacy of this period.

“I kept waiting for all the nasty stuff to start happening, waiting for the arguments and the rows and the fights, but I never saw that,” Mr. Jackson told The Guardian and others. “It was the opposite. It was really funny.”

“I’ll tell you what is really fabulous about it. It shows the four of us having a ball,” Mr. McCartney told The Sunday Times after seeing the film. “It was so reaffirming for me.”

It seems to be working: A recent New York Times headline proclaimed, “Know How the Beatles Ended? Peter Jackson May Change Your Mind.”

A lot of these sessions contain the irrepressible gags that made the Beatles famous. (Lennon and McCartney singing “Two of Us” in grandiose Scottish brogue almost steals Part Three.) But in their interviews, Mr. Jackson and Mr. McCartney accentuate the positive as if to paper over the acrimonious history of lawsuits, the loss of the Lennon-McCartney publishing catalog and the lurching solo careers that followed.

The timing of the theater release of the Let It Be sessions seeded confusion over how the group unraveled.

Let it Be was shot in Jan. 1969, just weeks after the White Album hit stores.

The band then put these tapes aside to work on the larger project they intuited from this material, Abbey Road, which they completed seven months later.

The split actually came at a Sept. 1969 meeting, when Mr. Lennon told the others he wanted a “divorce.” They persuaded him to keep his departure quiet until the band completed some contract negotiations. Then, in March 1970, Mr. McCartney publicly proclaimed he was “leaving the Beatles” to release his first solo album.

An epic descent into suits, countersuits, and press squabbles ensued. Mr. Harrison even wrote a song called “Sue Me Sue You Blues.”

Only in May 1970 did the Let It Be album and film come out, with the band’s messy divorce as the backdrop.

After the initial theater run, Let it Be fell from view. For decades, the only way you could get a glance of it was through a black-market copy. The Andy Warhol-esque, so-real-it’s-boring verité style — the non-narrative approach then in vogue — flummoxed even 1970 audiences.

But because the Let It Be album and film came out after Abbey Road — which was released in Sept. 1969 — it quickly got mistaken for telegraphing their breakup, a belief that the Beatles themselves seemed to internalize.

The Beatles’ own traumatic memories of this period kept the raw footage from this project in the vaults for over 50 years. In the meantime, bootleggers published nearly all of its audio.

Now at significant remove, the remaining Beatles — Mr. McCartney and Ringo Starr — seem to have hired Mr. Jackson for a rescue operation, disingenuously dubbing the film a “documentary” when they, in fact, served as executive producers alongside their Apple Records directors, Jeff Jones and Ken Kamins.

In response to Mr. Jackson’s three-part series, which coincided with the release of a book of transcripts from the Let it Be sessions and McCartney’s songwriting memoir, Lyrics, media outlets around the world appear to have embraced this new version of history: that these sessions actually scanned as lighthearted, that — poof! — the scars had vanished.

But the strange and beguiling thing about Mr. Jackson’s edit rises from how it displays an unstable mixture of groove and conflict.

Despite the walkout from Mr. Harrison and continuous disagreements about what the project was — first a TV show, then a feature film and album, which needed a rooftop concert for a “payoff” — the band ultimately rallied to write the now-classic tracks “Something,” “Oh! Darling,” “Octopus’s Garden,” “She Came in Through the Bathroom Window,” and “Maxwell’s Silver Hammer,” along with Lennon’s “Polythene Pam” and “I Want You.”

So, Mr. Jackson’s Get Back clarifies the Beatles’ resolve to resume work and put their extra-musical squabbles aside. The music pulls them inexorably forward, and they trust these early song fragments enough to carry them. They have had bust-ups and walkouts and uncertainties and failures, and always found their way through. For Lindsay-Hogg and 1970 audiences, this all seemed bewildering and tense — the band kept a tight lid on internal rows. To the Beatles themselves, and to anyone who’s ever worked to keep a band together, it felt about par.

Telling the average person to watch eight hours of freighted doubt and raw, undeveloped material is a big ask. As The Onion joked, “New Beatles Doc Gives Man Greater Appreciation For How Long 8 Hours Feels.”

But there is a moment in Part Two of Mr. Jackson’s series — the first day on the set when Mr. Harrison doesn’t show up — when the rest of the band sits around talking about the situation. Mr. McCartney suddenly goes quiet. The camera lingers on him, and you can see him drift into a thousand-yard stare as he contemplates the looming uncertainties. He doesn’t quite tear up, but he does look as unguarded as he ever does, and markedly tentative.

The moment catches hold because it’s so out of character — Mr. McCartney rarely displays himself unveiled, without pretense. The shot lingers and takes the measure of the man and the project, how much they have to overcome and how precarious everything suddenly feels.

In retrospect, the miracle is not that they finished Let It Be, but how these sessions served as the warmup for their final lap, Abbey Road. After upending expectations with the contrasting breakthroughs of Sgt. Pepper and the White Album, figuring out what to do next would have confounded lesser souls.

That five-decade gap where fans waited for a refurbished Let It Be tells you a lot about how fraught Jan. 1969 seemed to its four principals — and how deep those scars went.

 

Tim Riley is an Associate Professor and Graduate Program Director for Journalism, Emerson College.

GCash partners with BPI unit to expand in-app investment options

INSTAGRAM.COM/GCASHOFFICIAL

MOBILE E-WALLET service GCash on Monday said it expanded the opportunities offered on its investment marketplace feature GInvest.

“GCash now makes it affordable and accessible to invest in Bank of the Philippine Islands (BPI) investment funds through BPI Investment Management, Inc.’s (BIMI) ALFM Global Multi-Asset Income Fund and the Philippine Stock Index Fund under GInvest,” the mobile wallet arm of Globe Telecom, Inc. said in an e-mailed statement.

GInvest allows users to invest in various investment funds from GCash’s partner product providers.

GCash said GInvest users can start investing in the ALFM Global Multi-Asset Income Fund, a US dollar-denominated feeder fund, with as low as P1,000.

“The fund has historically provided dividends monthly while also generating long-term capital growth,” it noted.

ALFM Global Multi-Asset Income Fund will invest at least 90% of its assets in a single collective scheme.

“It invests globally in the full spectrum of permitted investments including equities, equity-related securities to guarantee dividends to the investor,” GCash said.

At the same time, users of GInvest can place a buy order for the Philippine Stock Index Fund for as low as P50. Its goal is to track the performance of the Philippine Stock Exchange index.

“Both funds are appropriate for investors that are at least rated as aggressive by their risk profile and have a five-year investment horizon,” GCash said.

“Through these new BIMI funds, GInvest investors can now further diversify their portfolios. With this addition, there are now seven funds on the GInvest platform with an option for every kind of investor,” it added.

GCash operator Globe Fintech Innovations, Inc. (Mynt) last month raised over $300 million in fresh funding, bringing its valuation to more than $2 billion.

Mynt aims to reach P3 trillion in gross transaction value this year, which would be three times more than the previous year’s record number. — Arjay L. Balinbin

First phase of Parqal receives BERDE certification

D.M. WENCESLAO & Associates, Inc. (DMW) said the first phase of its mixed-use Parqal project recently received the 5-Star BERDE Certification from Philippine Green Building Council (PHILGBC).

Located within Aseana City in Parañaque, Parqal is being touted by DMW as the “ideal model of a community-focused development.”

“Everything is in Parqal. This mixed-used development has offices, retail, al fresco dining, wellness shops, green open spaces and highlights an impressive 300-meter-long canopy that allows our citizens to walk with ease from major focal points in Aseana City in a climate protected environment,” DMW Chief Executive Officer Delfin Angelo C. Wenceslao said in a statement.

Parqal’s green building features include “energy and water consumption efficiency, placement of drought-resistant plants, usage of treated wastewater, and bicycle facilities.”

DMW is the developer of Aseana City, which covers 107.5 hectares located along Manila Bay.

New set of PJF officials elected; Sulit voted as president

FORMER national team member Alexander Sulit vowed to focus on developing their grassroots program after securing his tenure as new president of the Philippine Judo Federation (PJF) on Monday.

Mr. Sulit, a 46-year-old judo and Brazilian jiu-jitsu black belter, was elected by acclamation during the PJF congress at the Bayview Park Hotel in Manila and succeeded Dave Carter, who served for 14 years.

“Grassroots is important because that is going to be the future of Philippine judo,” said Mr. Sulit. “We’ve got the means, we’ve got the know-how and it is just a matter of implementing a uniform program our clubs and chapters can follow.

“It is a matter of teaching people how to fish and just give it to them,” he added.

Also elected unopposed were Atty. Vicente Fernandez (executive vice-president), Marilyn Versoza (treasurer), Emir Reyes (sports director), Luleo Panganiban (referees director), Christopher George Borja (education and kata director), and Renan Camarquiz (marketing director).

Mr. Carter, who remained in the board as its secretary-general, said Mr. Sulit’s entry is a shot in the PJF’s arm.

“Ali (Mr. Sulit’s nickname) brings in a lot of fresh and new ideas to the federation and well respected in our judo community so the PJF is in very good hands,” said Mr. Carter.

Mr. Sulit also stressed the need for all stakeholders to unite.

“It’s a matter of aligning our talents, our know-how, our good intentions to make things happen. Because it starts with us, the PJF leaders,” said Mr. Sulit. “And once everyone is in alignment, you will eventually notice that at each turn, Philippine judo will move up and up, ushering in a new golden era for Philippine judo.” — Joey Villar