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ePLDT launches new cloud commerce platform

EPLDT, the information and communications technology unit of PLDT Enterprise, has launched a cloud-based e-commerce solution called “Salesforce Commerce Cloud,” its top official said on Monday.

“Our commitment is to continuously support businesses of all sizes by enabling them with the latest technologies,” Juan Victor I. Hernandez, ePLDT president and chief executive officer, said in an e-mailed statement.

The latest cloud commerce platform allows businesses to use a “one-stop e-commerce solution and free businesses from the demands of managing various digital channels,” Mr. Hernandez, who is also senior vice-president and head for PLDT and Smart Enterprise Business Groups, added.

ePLDT said it supports complete customer journey across Salesforce CRM service functionality and complementary enterprise applications.

“By connecting Salesforce Commerce Cloud with other Salesforce clouds, businesses can power the entire customer lifecycle — from awareness and acquisition, to purchase and fulfillment, to advocacy and retention,” it explained.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a stake in BusinessWorld through the Philippine Star Group, which it controls. — Arjay L. Balinbin

Hospital, wellness center in Megaworld’s Davao township opens

By Maya M. Padillo, Correspondent

DAVAO CITY — The 250-bed Lanang Premiere Doctors Hospital, located within Megaworld Corp.’s Davao Park District, has opened, adding to the medical facilities available in the city as it transitions to the new normal prompted by the ongoing coronavirus pandemic.

Kevin Andrew L. Tan, Megaworld chief strategy officer, said the opening of the hospital within their first township project in Mindanao comes at a time when health services are particularly crucial and new standards in delivering medical care are necessary.   

“This also complements our vision for the township as a thriving community where our residents, office workers, and even visitors have convenient access to a world-class medical facility,” Mr. Tan said via Messenger.

The Lanang Premiere Doctors Hospital, initially planned for full operations in July 2020, was inaugurated on Feb. 27 after hurdling delays due to the pandemic-related restrictions.

It has a 14-storey hospital facility and an adjacent five-floor building for doctor’s clinics.

The hospital has also been designed for medical tourism.

Apart from the hospital, the 11.2-hectare Davao Park District currently houses the Davao Finance Center, an office building targeted for information technology, business process outsourcing, offshore gaming, and other corporate clients.

More than half of the complex will be occupied by four condominium buildings being developed by Megaworld subsidiary Suntrust Properties, Inc.

The 7.2-hectare residential component has also been delayed. Units in the first two towers were supposed to have been turned over to owners in 2020.

Leonora P. Gutierrez, Suntrust senior assistant vice-president for regional operations, said the new target date for delivery to buyers is in 2022.

“Since completion is expected towards the end of the year, turnover will follow in 2022,” Ms. Gutierrez said in an online interview.

The four towers will have a combined 1,260 residential units and commercial spaces on the ground floor.

AboitizLand updates mobile app

ABOITIZLAND is launching its mobile app that would streamline the contactless home-buying process amid the pandemic.

In a statement, the property firm said it is updating the Vecino Portal, a mobile application that provides efficient end-to-end online services for homebuyers.

With the app, homebuyers can track the construction status and payments, get home construction updates, access documents, and schedule acceptance and turnover dates.

“A critical process in real estate is the turnover of the unit for the vecinos (Spanish for neighbor). We found a way to complete this process amidst the pandemic through online turnovers,” said AboitizLand CEO David L. Rafael in a statement.

The Vecino app will be updated to make it easier for buyers and sales partners “to reserve units, submit documentary requirements, complete monthly amortizations and apply for a housing loan.”

“Through the use of data science and artificial intelligence (DSAI), AboitizLand will employ systems and processes that will pave the way for improved customer service. Apart from investing in various digital tools to automate critical areas in their operations, the company will also rationalize routine processes potentially through Robotic Process Automation,” the company said.

AboitizLand partnered with sister company Union Bank of the Philippines on an improved customer profiling system and a predictive model that will detect construction delays.

Women wanted: Abbey Road Studios tackle industry imbalance

LONDON —  Abbey Road Studios is opening its doors to women, hoping to inspire future generations of female artists, producers and engineers with a week-long festival of workshops. The famed London recording studios launched its “Equalise” program on International Women’s Day 2020. This year’s edition is online, due to the COVID-19 (coronavirus disease 2019) pandemic, with participants offered classes on technical know-how, interactions with other music makers and guidance from industry leaders virtually. “Five percent of music producers and engineers are women, which is abominably low,” Abbey Road Studios’ managing director, Isabel Garvey, told Reuters in the venue’s Studio Three, where Pink Floyds’ The Dark Side of the Moon and Amy Winehouse’s final tracks were recorded. “This program that we’re running is shining a light on all of those characters behind the scenes and helping young women understand the opportunities.” The program, which opened on Mar. 1 and runs through International Women’s Day on Mar. 8, features live masterclasses with leading female music industry figures and panel discussions with rising talent. Ms. Garvey, 45, has been at the helm of the world’s oldest recording studio since 2014. Following what she describes as a “deep, dark history in finance,” she carved herself a career in music, rising to senior roles at major music labels. The “Equalise” program also features one-to-one mentoring sessions. —  Reuters

AG&P says DoE approved its LNG terminal project

Philippines LNG will be the fifth planned LNG import terminal in the country. — BW FILE PHOTO

SINGAPORE — Atlantic Gulf & Pacific Co. (AG&P) said on Monday its Philippines subsidiary has received the green light to develop a liquefied natural gas (LNG) import and regasification terminal in Batangas Bay, south of Manila.

The firm, part owned by Osaka Gas Co. Ltd. and the Japan Bank for International Cooperation, said the Philippines’ Department of Energy (DoE) has issued it a notice to proceed to develop the terminal, known as Philippines LNG, which will provide the fuel to power plant, industrial and commercial customers and other consumers.

Philippines LNG will be the fifth planned LNG import terminal in the Southeast Asian nation, which is seeking the fuel as the Malampaya gas field in western Philippine waters is expected to run dry this decade.

Four other terminals worth about P65 billion ($1.34 billion) are at various stages of approval or financial closure.

Philippines LNG will have an initial capacity to deliver up to three million tons per annum (mtpa) of regasified LNG, with additional capacity for liquid distribution, AG&P said in a statement.

It will also have scalable onshore regasification capacity of 420 million standard cubic feet per day (mmscfd) and almost 200,000 cubic meters (cbm) of storage, AG&P said.

The statement did not disclose financial details of the project.

The company has completed its pre-development work for the terminal, which is expected to be commissioned by mid-2022. — Reuters

Infrastructure projects seen to boost demand for Bria Homes

THE government’s aggressive infrastructure push is expected to drive demand for residential projects outside of Metro Manila.

Bria Homes is ramping up its expansion of its communities in the provinces to take advantage of the anticipated demand.

One of its projects is located in Mariveles, Bataan.

“Mariveles will soon become a sought-after location for new residents as it will be the starting point of the upcoming Bataan-Cavite Interlink Bridge that connects Mariveles to Naic, Cavite,” the Villar-led property company said.

Another Bria Homes project in Alaminos, Laguna will likely benefit from the completion of the Alaminos-San Pablo City Bypass Road, which will make it easier for motorists to travel to and from Quezon province and the Bicol region.

Toll Road 4 on the South Luzon Expressway will give motorists faster access to BRIA projects in Laguna and Bicol.

“With its multiple residential developments in Central and Northern Luzon, Bria Homes stands to gain the most from the shorter travel time to be engendered by all these projects,” the subsidiary of Golden MV Holdings, Inc. said.

Gov’t makes full award of T-bills even as rates climb on inflation

THE GOVERNMENT fully awarded the Treasury bills (T-bills) it offered on Monday even as rates continued to increase across the board following data showing quicker February inflation.

The Bureau of the Treasury (BTr) borrowed P20 billion as planned via the T-bills on Monday from P44 billion in bids, higher than the P41.052 billion worth of tenders seen during last week’s exercise.

Broken down, the BTr raised the programmed P5 billion from the 91-day debt papers as demand reached P14.467 billion. The three-month papers fetched an average rate of 1.139%, up by 9.9 basis points (bps) from 1.04% logged in the previous auction.

It likewise borrowed P5 billion as planned via the 182-day T-bills from P10.915 billion in bids. The average rate for the six-month debt also went up by 9 bps to 1.316% from 1.226% previously.

Lastly, the Treasury made a full P10-billion award of the 364-day securities it offered on Monday from tenders worth P18.62 billion. The one-year T-bills were quoted at 1.852%, up by 17.2 bps from the previous week’s rate of 1.68%.

National Treasurer Rosalia V. de Leon said T-bill rates increased during Monday’s auction amid lingering worries over high inflation and as local bonds track the uptrend in US Treasury yields.

“[T-bill rates increased due to the] hangover from elevated inflation with rates moving alongside uptrend of US Treasuries,” Ms. De Leon told reporters via Viber after the auction on Monday.

A bond trader shared the same view, saying concerns over quicker inflation have been pushing the debt rates up.

Consumer prices rose faster for a fifth straight month to a 26-month high in February as food prices continued to surge, the Philippine Statistics Authority (PSA) reported on Friday.

Preliminary data from the PSA showed headline inflation at 4.7% last month, picking up from 4.2% in January 2021 and 2.6% in February 2020. The February inflation result marked the fastest pace since the 5.1% in December 2018.

This brought the two-month average to 4.5%, above the central bank’s 2-4% annual target.

The BTr wants to raise P160 billion from the local bond market this month, broken down into P100 billion of T-bills to be offered weekly and P60 billion via auctions of Treasury bonds (T-bonds) every other week.

On Tuesday, the Treasury will auction off P30 billion in reissued 10-year T-bonds with a remaining life of six years and one month.

Outstanding government securities reached P6.784 trillion as of end-January, broken down into P1 trillion in T-bills and P5.784 trillion of T-bonds. The debt stock rose by 1.4% from the end-2020 level of P6.69 trillion.

The government is looking to borrow P3 trillion this year from local and foreign lenders to help fund its budget deficit seen to hit 8.9% of gross domestic product. — Beatrice M. Laforga

A solid roguelite actioner

 

VIDEO GAME REVIEW
Heroes of Hammerwatch:
Ultimate Edition
Sony PlayStation 5

Tesla Force
Sony PlayStation 5

As Far As The Eye
Personal Computer via Steam

Crackshell’s Heroes of Hammerwatch is every bit the roguelite gamers expect it to be. With randomized levels, stylized pixel art, and an addictive gameplay loop revolving around exploration and combat,  complete attention is all but assured in the first runup until the unfortunately inevitable demise. The key is to try and try, again and again, until success enables progression.

Such is the fate of all Heroes of Hammerwatch players, and now, with the release of Heroes of Hammerwatch: Ultimate Edition, everything’s gotten even crazier than before.

In Heroes of Hammerwatch: Ultimate Edition, gamers get to live, explore, die, and rinse and repeat. Survival relies on both the skill to dodge attacks and the capacity to make use to equipment that can be scavenged during each run. Waves of enemies litter the road to bosses at the end of each level, with necessary looting in between. And, make no mistake, not getting lost in the labyrinthine design is a requisite.

Which, in Heroes of Hammerwatch: Ultimate Edition, is easier said than done. Gamers choose from one of four classes, and then march off in search of adventure, perusing dark caverns, forgotten dungeons and sandy deserts. Levels are procedurally generated, so runs will always feature different layouts, offering a unique experience each time. As exploration goes deeper into each stage, the soundtrack blares its catchy beats aid battles that grow ever more dangerous. Honestly, it’s quite addicting, and while the base experience is somewhat simple, it’s a game that never feels lacking.

Heroes of Hammerwatch: Ultimate Edition manages to sustain interest with its outstanding level design. With a decent selection of weapons to choose from and myriad special abilities to unlock and use, gamers are treated to a ton of variety. And if that’s not enough, each run in the dungeon crawler nets resources that go to equipment level-ups, ensuring better preparations for the next run. And so on. Even the losses feel like an accomplishment. Regardless of the outcome of runs, progress is evidently made – and until the final boss awaits.

Heroes of Hammerwatch: Ultimate Edition adds a plethora of goodies outside of the base content for gamers to enjoy. There’s more to explore in the form of additional levels, an extra class to play with, a brand new campaign to get immersed in, and updates that definitely amp up the fun factor. It’s by no means deep, but it sure is entertaining as heck.

Heroes of Hammerwatch: Ultimate Edition doesn’t really have any flaws that stand out. A minor gripe, though: It plays completely safe in its mechanics. The art is lovely, the gameplay is solid, and the overall experience is enjoyable, but fans of the genre who are looking for something unique might be disappointed. It’s a brilliant, addictive game, but it’s not a genre trendsetter. Still, it delivers in spades a solid, dungeon-crawling, roguelite actioner. It might not reinvent the wheel, but it gives an enjoyable ride from start to finish.

THE GOOD:

  • Simple, addictive gameplay loop
  • High replay value, with a lot of unique content to explore
  • Frantic, enjoyable cooperative play

THE BAD:

  • Nothing particularly unique in its mechanics
  • Lots of content, but most of it repetitive in nature due to its rogue-like, dungeon crawling gameplay
  • Can sometime feel unfair due to the nature of procedural generation

RATING: 8.5/10

POSTSCRIPT:

Developer 10tons’ Tesla Force can best be described as an eccentric little distraction. It pulls from history the four genius minds of Nikola Tesla, HP Lovecraft, Marie Curie, and Mary Shelley, and tosses them into a twin-stick rogue-like shoot-’em-up arena of blood, bullets, and robots. With procedurally generated levels, a plethora of weapons to pick up, and tons of enemies to mow down, Tesla Force is all but ready to provide bite-sized levels of entertainment.

Tesla Force doesn’t really know when to hold back. After a brief tutorial level, the rest of the game is really up to gamers to explore. They can choose what stages to play through, navigate its maps, accomplish a variety of small objectives, and mow down waves of undead in the process. And, truth be told, despite its seeming simplicity, it holds interest. Its art style is flashy but not garish, with its eye-catching particle effects shooting across the screen while not being overly flashy or silly. Combat feels punchy and impactful, especially with weapons that can be acquired deeper into the game, and enemy density is balanced well enough that pressure is felt from all sides, but not to the point where close-to-impossible effort is required. Movement is fluid, and the presence of upgradable abilities, from simple damage passives to more entertaining active abilities like teleportation, gives it some much needed depth as it chugs along.

If there’s any problem with Tesla Force, it’s in what is continually offered. As it’s essentially a rogue-like, keep-going-to-the-end offering that restarts gamers’ progress each time death occurs, there isn’t much progression to be had other than seeing how far patience and resolve will go. Levels are randomly generated, but the designs tend to have a been-there, done-that feel. Coupled with the lack of variety in the objectives, the slog becomes evident a few hours in.

It’s Tesla Force in a nutshell. It’s an interesting game with a ton of variety in the first few hours, but it gets let down by its repetitive nature. Its true lack of variety to spice things up becomes a hurdle as time goes on. And while it’s an entertaining experience overall, it’s one that does better with repeated respites in gameplay. Those looking for an hour or two of diversion at random intervals will find some pretty good twin-stick action in Tesla Force. It’s not deep, but it doesn’t pretend to be, and what gameplay there is will certainly tide gamers over until the boredom’s gone and frustration takes over. It begs to be played with, and then left alone, time and time again.

THE GOOD:

  • Charming art style with a decent amount of flair and personality in its designs
  • Smooth gameplay and framerates, especially on the PS5
  • Fast-paced action that’s simple to pick up and pretty easy to get the hang of

THE BAD:

  • Rather simplistic and straightforward, leaving not much room for experimentation
  • Repetitive gameplay loop, even with randomly generated level variations and a variety of power-ups
  • Plays a bit too safe with its silliness instead of going all out

RATING: 7.5/10

THE LAST WORD:

As Far As The Eye is an expertly crafted game. From its visually pleasing art to its surprisingly deep and engaging gameplay mechanics, developer Unexpected has managed to set its creation apart from others in the genre. One could scarcely expect a roguelike game to dabble in explore-expand-exploit-exterminate resource management systems, and yet it proves that it can be done well as long as they’re properly thought out. Indeed, the mechanics will be integral to success, as it’s a game that rewards ingenuity, forward-thinking, and on-the-spot creativity.

In As Far As The Eye, gamers are expected to help a travelling caravan flee from a storm, and reach its destination. To do so, resources must be collected to ensure the ease of its travel, compelling choices between various different regions and their different biomes to collect much-needed supplies. The gathered materials, however, need different buildings and specializations to make use of, and with each new region comes its own share of terrain to navigate, difficulties to conquer, and even more supplies to gather. All the while, the storm rages behind. The result is a balancing act that requires both stocking up for the next region and moving to safety as soon as possible.

Initially, As Far As The Eye’s objectives don’t seem that difficult. Its slow turn-based nature working in tandem with its soothing visuals evokes an image much closer to a relaxed city-building game than anything else. Decisions don’t need to be rushed as gamers are never really pushed into making a turn as fast as they can. In a game like this, there’s all the time in the world to plan out moves with care, and, at times, it almost feels like a cozy-looking board game. Don’t be fooled by its first impressions, though. What initially seems like easy stages paired up with its cute artistic design slowly turn into far more challenging and engaging obstacles.

As simple as As Far As The Eye’s concepts are, managing them is where the real challenge lies. The game aims for a more thought-provoking gameplay-oriented style, and it does this in spades through its randomization. Each region gamers travel through is randomized, and the events and resources that they have access to will slowly change over time. This forces them to constantly adapt their resource management and gathering; not everything they can harvest can prove to be of use, and not all resources can be accessed at the onset. For example, if they’re in dire need for stone, do they aim to gather as much of it as then can and build a quarry by using up all their available wood? Or should they instead save the wood and hope that the next region has better stone deposits? What will they do when a forest fire strikes, or a sudden flood washes away their harvested materials? These are all choices they’ll have to make, and everything they do, for better or for worse, will affect the caravan’s survival.

At times, As Far As The Eye doesn’t seem or feel fair. The randomized nature of events can certainly be off-putting; losing runs over some bad luck and poor foresight can be frustrating. On the other hand, it never makes losses feel like a permanent setback. If anything, it just leaves gamers wanting for more, as it constantly sets out to test their skills. It demands them to make do with the map they’re given and cope with the events they find themselves in. And when they’re able to make full use of their environment, it’s when the game truly shines.

As Far As The Eye proves that strategy games can benefit from some good-natured random number generation. Its relaxing gameplay sessions are always engrossing and immersive, and its unique art style is one that’s hard to forget. Highly recommended.

THE GOOD:

  • Unique art style that pops off the screen
  • Interesting game mechanics that revolve mainly around opportunity cost, resource management, and efficient use of time
  • Compelling twist on a roguelike system

THE BAD:

  • Still mostly beholden to RNG, which can feel frustrating with bad rolls
  • Lack of time pressure may make the game feel a little slow and boring at times
  • Chill nature and generally on a slower pace compared to other mainstream roguelikes

RATING: 8.5/10

Aboitiz Equity Ventures’ core income declines 26%

LISTED Aboitiz Equity Ventures, Inc. (AEV) reported on Monday a core net income of P15.9 billion last year, 26% lower than the value a year earlier, with its power business contributing more than half of earnings.

In a disclosure to the local bourse, AEV said its power unit Aboitiz Power Corp. made up 52% of the total income contributions from its strategic business units, while financial services contributed 32%. The food, infrastructure, and real estate segments accounted for 12%, 2%, and 2%, respectively.

Bulk of AboitizPower’s income came from power generation and retail electricity supply, which brought in P12 billion last year, according to AEV.

“AboitizPower’s net income contribution to AEV for 2020 was P9.7 billion, 27% lower compared to the ₱13.3 billion recorded in the previous year,” the holding firm said.

In a separate disclosure, the power unit said that its net income in 2020 was P12.6 billion, around P27% lower than in 2019.

AboitizPower said that its core net income last year was 25% lower at P12.5 billion, mainly due to the additional tax expenses incurred after the income tax holiday incentives of Therma South, Inc. and GN Power Mariveles Energy Center Ltd. Co. had expired.

Meanwhile, AEV said that its banking arm UnionBank of the Philippines and its subsidiaries recorded a net income of P11.6 billion, which was 18% lower year on year. This was primarily attributed to higher provisions for loan losses for 2020.

The firm added that the net income of its three non-listed food units reached P1.2 billion last year. This was even after AEV’s farms business segment lost P552 million from decreased margins due to the industry-wide effect of the African Swine Fever.

AEV’s real estate business, comprising AboitizLand, Inc. and its subsidiaries, suffered a 64% drop to P338 million in its consolidated net income last year.

“This was primarily due to the absence of fair valuation gains on investment properties recognized in 2019, which were not present in 2020,” it said.

The company’s infrastructure group, Republic Cement & Building Materials, Inc, reported a net income of P590 million last year, lower by 4% compared with the 2019 value.

“This negative variance was mainly due to the contraction in the demand for cement as construction activities significantly slowed down, particularly during the enforcement of coronavirus disease-related community quarantines,” AEV said.

In the fourth quarter, AEV’s consolidated net income improved by 13% at P8.1 billion, from its P6.3 billion value in 2019.

“Through the many uncertainties, our business units stayed focused on ensuring we deliver uninterrupted vital services to our customers and communities. Careful consideration of our future growth led us to significantly reduce our capital expenditure budgets and prioritize essential projects supported by our strong balance sheet,” AEV President and Chief Executive Officer Sabin M. Aboitiz said in a statement.

He added that the group’s early digital transformation had allowed it to “seamlessly transition work processes from the physical environment to virtual platforms.”

AEV shares in the local bourse shed 1.75% or 0.75 centavos to close at P42 apiece on Monday. — Angelica Y. Yang

DMCI Homes adds free Wi-Fi in workers’ dorms

DMCI Homes said it has added free Wi-Fi service and more recreational facilities in its workers’ dormitories.

The property arm of DMCI Holdings, Inc. expanded the dorms last year “to ensure convenient workers’ accommodation amid the coronavirus health crisis.”

“We have formed a dedicated committee whose main task is to look for ways to give our workers a safe and healthy working environment. As the lifeblood of the company, the health and well-being of our workers is of paramount importance to us,” DMCI Homes Vice-President for Human Resources Teresa Tiongson said in a statement.

At present, DMCI Homes has 19 dorms in various construction sites occupied by 3,323 workers. Fourteen out of the 19 dorms now have Wi-Fi service.

The dorms, which are offered for a minimum fee, feature a mess hall, cooking area, canteen, comfort rooms, entertainment room, laundry area, locker area, and mobile phone charging stations.

DMCI Homes also launched an interest-free, salary deduction “Bike Loan” program, to reduce workers’ dependence on public transportation.

It also provides free Vitamin C supplements and personal protective equipment for workers.

Entertainment News (03/09/21)

Viva launches hip-hop music label

IN RECOGNITION of the popularity of hip-hop and rap in local mainstream music, Viva Music Group has partnered with music producers Emmanuel Salen and Wilde Quimson to launch the music label, WAYBETTR. The new label aims to cultivate the new generation of hip-hop and rap while revolutionizing the way the music production industry operates in the Philippines. “The world is increasingly turning into a digital society that’s why one of the directions WAYBETTR is taking is being a digital-first label. This means the majority of our operational and marketing efforts will leverage our understanding of data and technology, digital communities, and digital marketing,” Mr. Salen said in a press release. One of their first acts is female R&B singer DENY. Her first single, “Gusto With Ya,” is expected to drop on Mar. 12 on all digital platforms.

Press freedom documentary A Thousand Cuts to be shown

TO MAKE it accessible in the Philippines, American documentary program Frontline has acquired the distribution rights to the press freedom documentary A Thousand Cuts and will be making it available online for free beginning Mar. 13 on Frontline’s website and on YouTube. Directed by Ramona S. Diaz, the film follows journalist Maria Ressa and makes the case that press freedom is threatened under the Duterte administration.

Maja Salvador signed anew as RLC brand ambassador

Robinsons Land Corp. (RLC) has renewed its contract with actress Maja Salvador to serve as the face of the company for the campaigns of Robinsons Malls, Robinsons Hotels and Resorts, RLC Residences, and RHomes. Ms. Salvador “is a woman who is honest and authentic, traits that resonate deeply with RLC’s warmth and credibility,” the company said in a statement. She has been RLC’s brand ambassador since 2014.

English singer James Arthur releases new single

FOLLOWING the success of his song “Train Wreck,” English singer-songwriter James Arthur returns with a new single, “Medicine,” an autobiographical song. Mr. Arthur recently signed a new deal with Columbia Records UK, a co-deal with Columbia Records Germany. “Medicine” is now available to stream on Spotify.

Navillera on Netflix

Navillera tells a story of an unlikely friendship between Deok-chul, a 70-year-old man who takes up ballet, and Chae-rok, a late bloomer 23-year-old ballet dancer. Adapted from the webtoon of the same name, the show is directed by Han Dong-hwa, and written by Lee Eun-mi. It stars Park In-hwan, Song Kang, Na Moon-hee, and Hong Seung-hee. Navillera premieres on Mar. 22 with new episodes released on Mondays and Tuesdays at 10 p.m. Philippine time, on Netflix.

fern. releases new single

SINGER, songwriter, and music producer fern. (a.k.a. Fernando Miguel Tan) has released his new single, “Whatever This Is,” which is available now on all digital and streaming platforms worldwide via Island Records Philippines. Mr. fern. is known for his award-winning track “Down on Me” which he recorded with Julie Anne San Jose. In 2019, he released his debut album Loveless.

Japanese Breakfast announces new album

JAPANESE Breakfast, the musical project of Michelle Zauner, has announced a new album, Jubilee, the follow-up to 2017’s critically acclaimed Soft Sounds From Another Planet. The announcement of the new album comes with the release of a video directed by Ms. Zauner herself for its lead single, “Be Sweet,” a jagged and propulsive 1980s inspired pop song. Of the song, Ms. Zauner said in a release: “After spending the last five years writing about grief, I wanted our follow up to be about joy. For me, a third record should feel bombastic and so I wanted to pull out all the stops for this one. I wrote ‘Be Sweet’ with Jack Tatum from Wild Nothing a few years ago. I’ve been holding onto it for so long and am so excited to finally put it out there.” Jubilee is available for pre-order now and will be released on June 4 via Dead Oceans. Additionally, Ms. Zauner is releasing a book based on her viral 2018 New Yorker essay, Crying In H Mart. The unflinching memoir about growing up Korean American, losing her mother, and forging her own identity is due out Apr. 20 via Knopf.

Days of traders slamming phones coming to an end

THE DAYS of traders slamming phones and breaking computers are becoming a thing of the past.

Such behavior was a frequent sight when Citigroup, Inc.’s Deirdre Dunn got her start on Wall Street two decades ago. One colleague even kept a mini baseball bat in his desk to hammer his phone back together. Now, with banks desperate to attract diverse candidates to their hallowed trading floors, there’s far less tolerance for that kind of hard-charging attitude, she said.

“If I look at trading when I started, I would say a phone or occasionally a computer got broken at least once a week, or once every two weeks,” Ms. Dunn, Citigroup’s global co-head of rates trading, said during a virtual roundtable last week, held ahead of International Women’s Day on Monday. “That kind of thing doesn’t happen anymore, or it rarely happens.”

Wall Street has long known it needs to change from a bellicose boys’ club, with many of the world’s largest banks pledging to increase the share of roles held by women up and down their corporate ladders. Now, with the pandemic causing a record number of women to leave the workforce entirely, those efforts matter even more.

For its part, Citigroup has been working to boost the share of women from assistant vice-president up through the managing director level to bolster its efforts to close the pay gap between male and female employees. It’s the first major US bank with a woman as chief executive officer, and one of the few financial firms to disclose details of that gender pay disparity.

QUITTING TIME
When the COVID-19 pandemic forced Wall Street executives to send workers home in droves last spring, managers had to be lenient. Images of their traders juggling caring for children or elderly relatives with the daily demands of their jobs suddenly filled their Zoom screens.

Despite the added stress, trading desks thrived. The five biggest US investment banks notched their first year with over $100 billion in such revenue in more than a decade. That’s all meant that trading executives have learned they can offer the flexibility that women long craved and would often leave finance in order to get.

“The world is not going to end if I wake up earlier, go through my e-mails and then every morning, from 7 to 8, I feed my kids breakfast,” Ayesa Latif, who oversees Citigroup’s electronic foreign-exchange sales teams in Europe, the Middle East and Africa, said during the event. “If you need to leave early and go to a school play or a sports game and log on later to finish your work, that’s perfectly fine.”

So far, the flexibility appears to be working. The share of women in finance roles in the US has held steady, according to data from the Department of Labor. At Bank of America Corp., attrition among women remains at a record low as the lender rolled out a bevy of perks tied to childcare in the last year.

Still, the percentage of women occupying roles on Wall Street’s trading floors remains stubbornly low. Most studies put it below 20%.

And fixing that won’t be easy. Ms. Dunn said she has received some pushback to her bank’s efforts to diversify, with some raising the issue of positive discrimination, or the practice of favoring someone for a role or opportunity because they’re a member of a protected class — affirmative action, essentially.

“Another thing that commonly gets a lot of discussion, from my perspective, especially on a trading floor, is what is aggressive behavior? Or what is aggressive language?” Ms. Dunn said. “There is some discussion over ‘I wasn’t yelling, I just have a loud speaking voice.’”

To Ms. Dunn, that’s just meant more discussions with senior managers in which she shares the findings of the massive employee surveys Citigroup conducts each year.

“You don’t shy away from the fact that these things exist,” Ms. Dunn said. “You certainly can’t pretend that those kind of conversations aren’t happening. You need to address them head on and discuss it.” — Bloomberg