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Disney says it’s ‘taking different approach’ for Snow White remake after criticism

LONDON — Walt Disney Co. says it is “taking a different approach” for its upcoming live-action remake of animated movie Snow White and the Seven Dwarfs, following criticism from actor Peter Dinklage.

In an interview on comedian Marc Maron’s podcast WTF on Monday, Mr. Dinklage, who has a form of dwarfism known as achondroplasia, said the casting of a Latina actress in the titular role was “progressive” but called the story, based on the 19th-century fairytale, “backward.”

“Literally no offence to anything, but I was a little taken aback… They were very proud to cast a Latina actress as Snow White — but you’re still telling the story of Snow White and the Seven Dwarfs,” the Game of Thrones and Cyrano actor said.

“Take a step back and look at what you’re doing there. It makes no sense to me. You’re progressive in one way…, but you’re still making that fucking backward story about seven dwarfs living in a cave together? What the fuck are you doing, man? Have I done nothing to advance the cause from my soapbox? I guess I’m not loud enough.”

The remake of Disney’s 1937 animated film, in which seven dwarf miners take in a princess after she is exiled by her wicked stepmother, stars West Side Story actress Rachel Zegler as Snow White and Israeli actress Gal Gadot as the Evil Queen.

“To avoid reinforcing stereotypes from the original animated film, we are taking a different approach with these seven characters and have been consulting with members of the dwarfism community,” a Disney spokesperson said in a statement to industry publication The Hollywood Reporter on Tuesday and which was quoted widely in the media.

“We look forward to sharing more as the film heads into production after a lengthy development period.”

When contacted for comment, a Disney representative referred Reuters to the published statement.

The new Snow White movie is scheduled for release next year. — Reuters

ATN group plans joint venture for 100-MW solar project

ATN Holdings, Inc. on Thursday said its board had given the go signal to its energy arm to enter into a joint venture agreement with “key energy partners” to build 50 to 100 megawatts (MW) of solar photovoltaic project in the company’s property in Rizal.

In a stock exchange disclosure, ATN Holdings said it deemed a joint venture approach through ATN Philippines Solar Energy Group, Inc. (ATN Solar) as advantageous and that it would participate in the consortium to be formed with the winning bidder of the competitive selection process (CSP) set by Manila Electric Co. (Meralco).

It said the move comes after the expected power supply deficit arising from project delays due to the coronavirus pandemic.

ATN Holdings said its board, in the same meeting held on Jan. 26, also authorized the company to file ATN Solar’s listing by introduction in the Philippine Stock Exchange and follow-on offering, as well as to appoint an investment banking group and underwriter.

ATN Holdings was also authorized to co-invest with Transpacific Broadband Group International, Inc. a P2-billion equity participation in the consortium to be formed with the winning bidder of the Meralco CSP of renewable solar energy under a 20-year contract.

The company said a joint venture approach and participation in a consortium aims to achieve economies of scale in a 100-MW solar project and “diversify financial and project execution risk” as the participants contribute complementary resources to increase the probability of success.

It said Meralco had programmed two solar project packages in which ATN Solar could participate, namely: a 170-MW solar project for immediate construction to address peaking power during summer, and 850 MW to comply with the government’s Renewable Portfolio Standards, or RPS program.

The solar project will be installed in ATN Holdings’ 256-hectare property in Montalban, Rizal.

Meralco earlier called for competitive bids to challenge an unsolicited offer from Terra Solar Philippines, Inc. — a joint venture between Leviste-led Solar Philippines Power Project Holdings, Inc. and Razon-led Prime Infrastructure Capital, Inc. — for the supply of 850 MW of mid-merit power for two decades.

ATN Holdings also enumerated other factors for the board resolutions, including the phase out of coal power plants, a projection that the Malampaya gas supply will run out in a few years, and opportunities in the renewable energy industry in the next five years. — M.C. Lucenio

China’s new English language song for Beijing 2022 divides opinion

BEIJING — A new English-language song released by Chinese state media for the Beijing Winter Olympics has divided opinion, gaining effusive praise on Chinese social media but panned by overseas critics as “cringey” and out of touch with reality.

The music video “Join Us in Winter” was released this week on China’s Twitter-like platform Weibo by state news agency Xinhua and was also posted on Twitter by other state-backed news outlets such as the Global Times.

The Beijing Games are set to take place from Feb. 4 to 20.

Starring 24-year-old Chinese actor and singer Zeng Shunxi, Xinhua journalist Lu Binqi, and patriotic rap group CDRev, known for their tunes targeting perceived enemies of the Chinese government, the cheery ballad urges listeners to attend the games and said whether athletes “win or lose, we cheer for you.”

It generated a big thumbs-up on Chinese Weibo, especially by fans of Mr. Zeng, who has over 20 million followers on Weibo.

But on Twitter, which is banned in China, others called the lyrics “cringey,” saying the title was misaligned with strict travel restrictions in China and for the Games, such as mandated quarantine for most visitors to the country and the decision not to sell any tickets locally.

The Games will be held in a “bubble” that strictly separates athletes and other Games personnel from the public.

“‘Come join us’…but they haven’t agreed to direct commercial flights, there’s three weeks enforced state quarantine on arrival, and tickets aren’t on sale to the public anyway. My informal advice to (British) winter sports fans: stay on your sofa,” tweeted Christina Scott, deputy head of mission at the British embassy in Beijing.

Xinhua did not immediately respond to a request for comment.

Chinese celebrities, state media, former Olympians and a large number of foreigners, have pushed out over a dozen music videos promoting the Winter Olympics which are facing a diplomatic boycott from the United States and other governments over Beijing’s treatment of the Uyghurs and other Muslim minority groups.

More collaborations between Chinese pop stars and state media are scheduled as the games near. — Reuters

Globe’s Asticom hits P2-B revenue, eyes bigger market

GLOBE Telecom, Inc. on Thursday said its wholly owned Asticom Technology, Inc., a shared services company, had reached P2 billion in revenues as of the fourth quarter of 2021, as it seeks to expand its scope of services and capture a bigger market in the country.

This was after “six years of operations,” Globe said in an e-mailed statement.

The company now “manages about 4,500 people,” from five employees in 2015, and “serves more than 120 clients from all over the country,” it added.

Asticom has formed four subsidiaries: Asti Business Services, Inc. (ABSI), Fiber Infrastructure and Network Services, Inc. (FINSI), BRAD Warehouse and Logistics Services, and HCX Technology Partners, Inc.

Created last year, ABSI serves as Asticom’s business process solutions arm.

“It is engaged in providing technology, software, and system solutions as well as development, integration, project management, and implementation services to various industries within the local and global markets,” Globe said.

FINSI, which was also created in 2021, offers end-to-end services and industry-specific solutions to telecommunications, tower, infrastructure, and technology, including construction, building, installation, and maintenance services.

“It aspires to be the  leading-edge local solutions provider for the telecommunications and technology industries,” Globe noted.

BRAD is an end-to-end supply chain technology solutions provider. Its services are “tailor-fit for different industries including e-commerce, food and beverage, health and wellness, and telecommunications,” Globe said.

At the same time, Asticom acquired HCX, a provider of human resources, customer relationship management, and digital solutions, from Ayala Corp. under ABSI.

“Asticom aims to capture a bigger market within the country and expand to the rest of Southeast Asia in the coming years,” Globe said.

The company also aims “to support the advancement of small and medium-sized enterprises through tech-enabled solutions,” it added.

Globe Telecom shares closed 1.24% higher at P3,260 apiece on Thursday. — Arjay L. Balinbin

Mattel reclaims rights for Disney Princess toys from Hasbro

Elsa Classic Doll – Frozen 2 — SHOPDISNEY.COM

MATTEL, INC. on Wednesday won the rights to produce dolls based on Disney royalty like Elsa and Jasmine, snatching back a highly lucrative license from archrival Hasbro, Inc.

The reunion sent Mattel’s shares surging 11% and is part of Chief Executive Ynon Kreiz’s plan to turn the company around by getting more entrenched in big entertainment properties.

Mattel did not disclose the financial terms of the deal, which came seven years after it lost the rights and will also allow it to make dolls based on the Frozen movie franchise.

“This is a defining moment in our transformation,” Mr. Kriez said in an interview. “This has been a key priority as part of our turnaround and we worked very hard to win it … the way we see it Disney Princess and Frozen are back home where they belong.”

The toymaker has in recent years seen a resurgence in sales of the traditionally blonde Barbie doll thanks to new models with different skin tones, professions, and attires that have struck a chord with a more diverse customer base.

Hasbro declined to comment but said it had renewed its licensing deal with Disney-owned Lucas film for Star Wars and would restart making products based on Indiana Jones.

Mattel will start selling the toys that would also feature dolls based on popular movies such as Aladdin, Beauty and the Beast, Brave, and The Little Mermaid from 2023.

The toymaker has struck similar deals with Disney for Pixar Animation Studio’s Toy Story and Cars franchises, as well as Lightyear. —  Reuters

Smart mobility firm SWAT sees growth in PHL as rides increase to 500,000

SWAT Mobility, a smart mobility company operating in Southeast Asia, said rides completed in the Philippines rose to over 500,000 at the end of 2021, making it an important market.

“In 2020, we ended the year with roughly 22,000 rides completed. Closing 2021 with more than 500,000 rides is really a milestone for us,” SWAT Mobility Philippines Country Business Head Maria Theresa B. Busmente said in an e-mailed statement.

The company has completed four million rides to date, with the Philippine operations accounting for 25% of total rides, she also said.

The company specializes in providing ride-sharing services in high-capacity vehicles. It partners with governments and large organizations to address transport issues and improve commutes.

In the Philippines, SWAT Mobility is operational in Metro Manila, Calabarzon (Cavite, Laguna, Batangas, Rizal, and Quezon), and Cebu.

The company said it is looking at other regions such as Central Luzon for its future business.

“The pandemic has set a new normal on safety as a priority on people transport. Especially for companies with a large work force and in the essential services sectors such as manufacturing and BPOs, it is essential to ensure that workers can commute safely to and from work,” SWAT Mobility President Grace Ho said.

“Our local experience in deploying corporate employee transport for customers such as Inspiro and KMC Solutions provides greater confidence to employers as they configure transport for their work force and resume business operations,” she added.

The company said it remains committed to its growth plans in the Philippines despite the heightened restrictions due to the ongoing health crisis.

“The Philippines is an important market for SWAT Mobility. We remain optimistic that as the economy recovers and business operations resume, our mobility solutions have strong relevance in helping companies activate their work force.”

“In addition, we have adapted our technology for the logistics sector to deliver operational efficiencies and respond to the growing demand of e-commerce in the Philippines,” Ms. Ho added. — Arjay L. Balinbin

YouTube permanently bans Fox News host Dan Bongino

CHRISTIAN WIEDIGER/UNSPLASH

FOX News Channel host Dan Bongino on Wednesday became among the most-followed conservative personalities to be permanently banned from YouTube, a week after the Google-owned video service said he had posted coronavirus disease 2019 (COVID-19) misinformation.

YouTube suspended one of Mr. Bongino’s YouTube channels on Jan. 20 after he posted a video where he questioned the effectiveness of using masks against the coronavirus, a violation of the company’s pandemic-related misinformation policy. His later attempt to circumvent that one-week suspension by posting from another channel triggered a permanent ban, YouTube said.

“When a channel receives a strike, it is against our Terms of Service to post content or use another channel to circumvent the suspension,” YouTube said in a statement. “If a channel is terminated, the uploader is unable to use, own or create any other YouTube channels.”

The video giant has added more rules around COVID-19 content as the pandemic has worn on. Last September, it banned conservative commentators such as Joseph Mercola and Robert F. Kennedy, Jr. for spreading misinformation about vaccines.

Mr. Bongino did not respond to a request for comment sent to his website on Wednesday. But he said on Twitter last week that the suspension did not surprise him and that he planned to continue posting videos on Rumble, a YouTube-style service popular among conservatives. Mr. Bongino wrote that he had double the number of followers on Rumble as on YouTube.

His Dan Bongino Show channel on YouTube had 882,000 subscribers and nearly 1,100 uploads since it was created in 2013, according to tracker Social Blade. —  Reuters

Moody’s to look at fiscal policy, social risks in rating assessment

MOODY’S INVESTORS Service will monitor the next administration’s fiscal policy in its assessment of the country’s credit rating amid expectations of continued spending on recovery from the pandemic as well as the implementation of the Mandanas ruling.   

“We’ve always advocated for long-term financial, fiscal sustainability… But the question is, does that (current government’s stance on fiscal prudence) change following the elections? How is the policy approach? We don’t really have a clear idea on that yet,” Moody’s Sovereign Risk Group Christian de Guzman said in an ANC interview on Thursday.

Despite calls from legislators for another stimulus package last year, the Department of Finance said it can only fund P173 billion in 2021 to keep the government’s spending within its budget deficit ceiling.

The government’s budget deficit stood at 8.3% of the gross domestic product (GDP) as of end-September 2021, based on data from the Department of Finance. This is slightly above the 8.2% ceiling set for 2021.

Mr. De Guzman said the implementation of the Supreme Court’s Mandanas ruling starting this year is also a risk to fiscal policy.

The ruling was coined after Batangas Governor Hermilando I. Mandanas who challenged the government’s previous position that local government units (LGUs) were entitled to a smaller share of National Government funds. In June 2021, President Rodrigo R. Duterte signed Executive Order 138, which transferred a number of basic services to LGUs by 2024 worth about P234.4 billion as part of the ruling’s implementation.

“It’s not about the size of the spending, which I think what we’re talking about, it’s also the efficacy of spending,” Mr. De Guzman said. “How effective can local levels of government be in spending that money and helping to continue to get that recovery. So that I think that’s a big, that’s a big question mark for us.”

The pace of vaccination against coronavirus disease 2019 (COVID-19) could also affect Moody’s assessment of the country as Mr. De Guzman noted the disparity in inoculation rates between Metro Manila and other regions.

Latest data from the Department of Health showed 58.149 million have been fully inoculated as of Jan. 26. The government is targeting to vaccinate 77 million by the end of March.

“We are looking at a nationwide economy. Among other things, where this inequality [in vaccination] can materialize is on social risk. So that is something that we are also… keenly giving the focus on, on ESG (environmental, social, and governance risks),” Mr. De Guzman said.

He said the performance of the agriculture sector could be affected “if the resilience of the people in the rural area is not bolstered.”

“Let’s not forget, there’s also added risks related to the environment because in agriculture, you are susceptible to extreme weather events, like we saw last year — typhoons and other things,” Mr. De Guzman said.

Moody’s expects the economy to grow by 6.8% this year, below the government’s 7-9% target.

The credit rater affirmed its “Baa2” rating with a stable outlook for the country in July 2020.

Last year, Moody’s warned the Philippines is among emerging countries that may face “deep scarring” or long-lasting economic losses — L.W.T. Noble

Angeles City posts highest 2020 jobless rate

ANGELES TOURISM OFFICE

ANGELES CITY, Pampanga recorded the highest unemployment rate in 2020 of 23.2%, more than double the national average of 10.3%, the Philippine Statistics Authority (PSA) said.

This was equivalent to about 51,801 unemployed persons in Angeles City, according to the PSA’s Annual Provincial Labor Market Statistics report.

Other highly urbanized cities (HUCs) and provinces that posted high unemployment rates were Baguio City (21.0%, equivalent to 28,643 persons); Pangasinan (16.4%, 202,035); General Santos City (16.3%, 43,057); and Nueva Ecija (15.8%, 150,382).

No provinces or HUCs posted an unemployment rate greater than 16% in 2018 and 2019 while four such local government units or 3.4% of the total exceeded that threshold in 2020.  

Marinduque logged the highest underemployment rate of any province at 46%, equivalent to 40,595 persons, against the national average for underemployment of 16.2% in 2020.

Also among the leading provinces for underemployment were Bukidnon (41.9%, equivalent to 309,549 persons); Agusan del Sur (41.4%, 141,490); Occidental Mindoro (38.7%, 70,145); and Sarangani (37.4%, 79,235).

The highest employment rate was recorded in Lanao del Norte at 97.5%, equivalent to about 282,146 persons. Also among the top provinces for employment were Batanes (97.4%, 8,907); Masbate (97.2%, 372,170); Ilocos Norte (97.2%, 306,285); and Palawan (97.0%, 355,474).

In 2020, only 7.7% or nine out of 117 provinces posted employment rates of 96.0% or higher. The equivalent totals in 2019 were 29.9% and 35 provinces and in 2018, 28.2% and 33 provinces.

“The Philippine labor market was adversely affected by the coronavirus disease 2019-related economic shutdown in 2020, at which time, 46 provinces, HUCs, and other urban areas posted employment rates lower than the national average of 89.7%” the PSA said.

Mountain Province recorded the highest labor force participation rate of 78.1% in 2020, equivalent to 81,599 persons. Bukidnon came in second with 77.9%, or 785,084 persons. The top five were rounded out by Agusan del Sur (76.5%, 355,149); Batanes (75.9%, 9,143); and Ilocos Norte (72.5%, 315,175). — Lourdes O. Pilar

Stuff to do (01/28/22)

Ring in the Year of the Water Tiger at Araneta City

ARANETA City is welcoming the Year of the Water Tiger with activities meant to attract good luck. Visit Gateway Mall’s Tunnel of Chinese Lanterns, decorated in red and yellow, starting Jan. 26. There’s also a horoscope exhibit at the Ali Mall and Farmers Plaza activity areas where visitors can learn their fortune. The exhibit runs until Feb. 6. Lion and Dragon Dancers will bring in good fortune and abundance to everyone they meet on Feb. 1. They will be performing at the activity areas of Gateway Mall, Ali Mall, and Farmers Plaza starting 10:30 a.m. Chinese New Year celebrations will be incomplete without treats like tikoy, hopia, dumplings, and other Chinese delicacies, plus lucky charms for those looking to attract prosperity in the coming new year. These items and more will be at the Chinese New Year fair which opens Jan. 27 at the activity areas of Gateway Mall and Farmers Plaza. Get lucky with the Lucky Snaps promo by taking a selfie or groupie in Araneta City mall center pieces or Chinese New Year decorations and upload the photo on Instagram, tagging Araneta City and using the hashtag #LuckySnapsAtTheCityofFirsts. Two lucky winners will get to take home buffet gift certificates from Novotel Manila Araneta City. Shoppers will get a chance to take home prizes like a Xiaomi Mi Notebook Air when they present a ₱2,000 single-receipt purchase from any Araneta City establishment at any Araneta City mall concierge. Promo runs until Feb. 1. Virtual shoppers using Araneta City’s Ask Ara personal shopper service (https://bit.ly/3xsGWhL) will enjoy free delivery on Feb. 1 from 10 a.m. to 5:30 p.m. This is applicable within Metro Manila only. Diners will get one can of Coca-Cola for free for every ₱200 single or accumulated receipt upon ordering at any Araneta City mall food court or Dampa in Farmers Market from Feb. 1 to 20. Customers must present a valid ID and COVID vaccination card.

Concerts on KTX.ph

KTX.ph now offers concert series by Belle Mariano and Angeline Quinto. Ms. Quinto’s concert series, 10Q: Ten Years of Angeline Quinto at the Metropolitan Theatre, will have Gary Valenciano and Darren Espanto join her as guests in her anniversary concert on Jan. 28 (8 p.m.), while Ogie Alcasid is her guest on Jan. 29, 8 p.m. Then, Ms. Quinto will reunite with Kyla, KZ Tandingan, and Yeng Constantino on Jan. 30, 8 p.m. Tickets are P499 per concert. Meanwhile teen singer Belle Mariano will hold her first major solo digital concert, Daylight, on Jan. 29, 8 p.m. The SVIP and VIP tickets have already been sold out, but regular tickets at P195 are still available. Tickets are also available to watch it on Jan. 30, 11 a.m. Aside from the concerts of Ms. Quinto and Ms. Mariano, there will be a re-run of the One Dream: The BINI and BGYO concert version 2022 on Feb. 12 and 13. For P700, fans can experience the sibling’s concert once more. To book tickets, visit www.ktx.ph.

Ben&Ben’s Kuwaderno now on GigaPlay App

FILIPINO folk-rock band Ben&Ben’s first-ever online concert, Kuwaderno, will be available on Smart GigaPlay beginning Jan. 29. In the concert, which was streamed live from the Smart Araneta Coliseum, the popular band performed 18 songs from their latest album, Pebble House Vol. 1: Kuwaderno, featuring singles “Upuan,” “Lunod” with Zild and juan karlos, “Kayumanggi,” and more. The concert delivered a memorable livestream experience last December when the event was first aired on KTX.ph. Now, Smart subscribers who are fans of 2021’s most streamed OPM act can catch the concert featuring Paolo Guico (acoustic guitars and vocals), Poch Barretto (electric guitars), Pat Lasaten (keyboards), Keifer Cabugao (violins), Agnes Reoma (bass), Toni Muñoz (percussions), Miguel Guico (acoustic guitars and vocals), Jam Villanueva (drums), and Andrew de Pano (percussions) all over again. To view the concert, Smart subscribers have to download the GigaPlay App on their smartphone via the Apple App Store or Google Play Store and then stream Kuwaderno at no extra cost.

BSP pushing for tighter laws vs counterfeiting, coin hoarding

BW FILE PHOTO

THE CENTRAL BANK is pushing for tighter laws against currency counterfeiting and coin hoarding.

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the central bank is currently drafting proposals to increase the length of imprisonment for faking banknotes in hopes of deterring counterfeiting and to define coin hoarding as a crime.

“Our proposal for stiffer penalties will take into consideration the current economic landscape as well as advancements in printing technologies,” Mr. Diokno said at an online briefing on Thursday.

Under current laws, proven counterfeiting of Philippine currency will result in a jail sentence of at least 12 years and a day, and a maximum fine of P2 million. Meanwhile, there are no laws about coin hoarding.

Mr. Diokno noted they carried out 110 law enforcement operations from 2010 to 2021 where they seized 12,400 fake banknotes with a notional value of P7.8 million.

They were also able to seize 14,300 counterfeit dollar bank notes with a notional value exceeding $92 million over the same period.

For 2021 alone, documented counterfeit notes rose by 7% year on year to 39,500, said Eloisa T. Glindro, director at the BSP’s Currency Policy and Integrity Department.

Mr. Diokno noted the central bank also took part in seizing P50-million coins in 2021. The money was seized “due to unexplained accumulation, and possible connection with illegal activities,” he said.

The BSP has recently issued an advisory reminding the public on how to handle counterfeit banknotes and check the authenticity of their money, Mr. Diokno said, noting it was in response to questions and reports coursed by netizens to the BSP through social media.

“While this is not a widespread problem in terms of our official complaint mechanism, we are responding to netizen concerns and taking the opportunity to remind the public and how to check for the genuineness of banknotes and to report to the banks at the soonest possible times should they encounter counterfeit banknotes,” Mr. Diokno said.

He said banks will be held accountable if proven they failed to observe measures to protect their clients. — LWTN

Four PHL listed firms included in Bloomberg gender-equality index

FOUR publicly listed firms led by the Consunji and Gokongwei families made it to Bloomberg’s gender-equality index (GEI).

Consunji-led DMCI Holdings, Inc. and Semirara Mining and Power Corp. (SMPC) as well as the Gokongwei’s Robinsons Land Corp. (RLC) and Robinsons Retail Holdings, Inc. (RRHI) were among the 418 companies from 45 countries included in the index.

The index is based on how companies fared in Bloomberg‘s Gender Reporting Framework. Participation is said to be voluntary and had no associated cost.

“Robinsons Retail values gender diversity within its work culture. We recognize and celebrate the vast contributions made by women within our company, as women comprise the majority of our employee and management base,” RRHI President and Chief Executive Officer Robina Y. Gokongwei-Pe was quoted on Bloomberg’s GEI page.

“We participated in the Bloomberg Gender Equality Index not only as an avenue for transparency to our stakeholders, but also as a tool to further look into our organization and how we create spaces that are genuinely inclusive for all genders,” she added.

This is the second year that DMCI and SMPC made it to the index.

“While our businesses belong to male-dominated industries, we do not distinguish roles and opportunities according to gender. We empower and promote people based on their individual merits and contributions to the organization,” DMCI Holdings and SMPC Chairman Isidro A. Consunji said in a disclosure to the exchange on Thursday.

The framework used for this year’s GEI included 60 questions related to female leadership and talent pipeline, gender pay and equal pay parity, inclusive culture, anti-sexual harassment policies, and having a “pro-women brand.”

The 418 companies included in this year’s GEI obtained a score above the GEI threshold for inclusion, 10% higher than last year’s 380 companies that made it to the index.

“Even though the threshold for inclusion in the GEI has risen, the member list continues to grow. This is a testament that more companies are working to improve upon their gender-related metrics, fostering more opportunity for diverse talent to succeed in their organization,” Bloomberg Chairman and Founding Chairman of the US 30% Club Peter T. Grauer said in a statement via DMCI.

This year’s 418 firms are from 11 different sectors and have a combined market capitalization worth $16 trillion. — Keren Concepcion G. Valmonte

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