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AbaCore unit inks P5.1-B deal for Batangas condotel

OMNICOR Industrial Estate & Realty Center, Inc. recently signed a $100-million (P5.05 billion) memorandum of understanding with Starfleet Innotech, Inc. (SFIO), a New Zealand-based conglomerate, to develop a 500-unit condotel project in Batangas City.

Omnicor is a wholly owned subsidiary of listed AbaCore Capital Holdings, Inc.’s (ABA) 100% owned unit, Philippine Regional Investment Development Corp. (PRIDE).

“This joint venture between SFIO and ABA will be the first of many, according to a 10-year development plan where SFIO and ABA have agreed to be the preferred developer of future projects,” AbaCore Capital said in a disclosure to the stock exchange on Friday.

The 500-unit condotel will be built on a two-hectare property owned by AbaCore Capital and PRIDE in Batangas City’s Montemaria.

AbaCore Capital holds more than 200 hectares of land around the area.

The project, which will be built with a “resort condotel” concept, will target tourists, pilgrims, and returning “global Filipinos.”

SFIO will develop a smart-building technology for the project, which will address the wellness, safety, and security of the guests.

The project’s site had been issued an environmental compliance certificate, which is the go signal for the company to start the preliminary survey and design of the property.

“Preselling of the units will commence once the permit to presell is approved by a government agency of the Philippines,” AbaCore Capital said.

The project is aimed for completion within 36 months.

The resort condotel will feature a 316-feet tall Virgin Mary statue called the “Mother of All Asia-Tower of Peace,” and it will also be near the Verde Island Passage.

Shares of AbaCore Capital at the stock market declined by 0.87% or one centavo to close at P1.14 each on Friday. — Keren Concepcion G. Valmonte

An elegant solution

LUXURY watch brand Jaeger-LeCoultre once had a very expensive problem on its hands in 1931: rough games were breaking the expensive watches of polo players. The brand —  founded in 1833 —  then released one of its most popular watches, the Reverso, and arguably, one of the most elegant (in every sense of the word) solutions ever made to a problem. They designed the Reversos to be able to flip, protecting the dial during a polo game.

The elegantly practical solution now becomes a repository of skill, an evolution since the 90 years of its first inception. During a press conference last week, the brand showed the many more elegant applications that can be hidden and protected by the watch: it also serves as a very minute hiding place. King Edward VIII had one, still bearing his regal name and crest even after abdicating the throne the same year he took it. Aviator Amelia Earhart had her own, and hers was engraved with the flight route of her record-setting flight from Mexico City to New York.

THE MOON’S COMPLICATIONS
A Reverso with only 10 pieces in the world, called the Reverso Hybris Mechanica Calibre 185, is the most complicated timepiece ever in the collection. It is the world’s first wristwatch with four functioning display faces. “The Hybris Mechanica Quadriptyque can predict the next global incidence of astronomical events such as supermoons and eclipses — the world’s first wristwatch to provide such a deep reading of the cosmos,” ran a company statement. The watch has a total of 11 complications, including a perpetual calendar, minute repeater, indications of the synodic, draconic, and anomalistic lunar cycles (never before presented together in a wristwatch), requiring 12 patents.

A laser-engraved moon is progressively covered and revealed by a mobile blue lacquer disc with gold glitter décor, corresponding to the age of the moon in the synodic cycle. While conventional displays of the moon phase accumulate one day of error after 32.5 months, the moon phase display of the Quadriptyque requires only one adjustment after 1,111 years.

Just below the moon phase display, on the left, is a counter with a three-dimensional micro-sculpted pink-gold sun orbited by a tiny hemispherical moon. This counter shows the draconic cycle, showing when the path of the Moon intersects with the orbit of the Earth around the Sun (known as the ecliptic). Such an intersection takes place twice in each cycle, indicated by the horizontal alignment on the counter of the moon and the sun. To the right of the draconic cycle counter is a domed representation of the Earth, micro-painted in enamel, with a hemispherical moon in eccentric orbit around it. This counter represents the anomalistic cycle, showing the varying distance between the Earth and Moon.

90TH ANNIVERSARY WATCH
Meanwhile, Jaeger-LeCoultre presents the Reverso Tribute Nonantième, a watch celebrating its 90th anniversary. The pink gold case with its signature gadroons frames a silvered, sunray-brushed dial with applied golden indexes and Dauphine hands. In the lower half of the dial, a moonphase display is set within the circle formed by the small seconds counter. Beneath 12 o’clock is a large date display, framed by an applied filet of pink gold that echoes the rectangular shape of the dial and case.

The solid pink-gold caseback is dominated by two round apertures of different sizes, arranged like a figure-eight and encircled by gadroons that echo the rectilinear gadroons on the upper and lower edges of the case. The small upper aperture displays a semi-jumping digital hour indication. Seen for the first time in a Reverso, this complication recalls digital displays developed by the Manufacture for wristwatches in the 1930s.

In the large aperture below the hour, minutes are displayed on a rotating disc that is partially concealed by a three-quarter plate lacquered in vivid blue and sprinkled with tiny golden stars to depict the night sky. Within a small circle at the center, an applied golden sun and moon pass above a horizon, to indicate night and day. In the semi-circle below the horizon, a JL logo is set on a sunray-pattern background.

As is the case for all complicated Reverso models, Jaeger-LeCoultre’s engineers developed an entirely new, manually wound movement for the Nonantième, Calibre 826. Comprising 230 components and showing the same time on both faces of the watch, it offers a power reserve of 42 hours. The Reverso Tribute Nonantième is offered in a limited edition of 190 pieces, only available at the brand’s boutiques.

PERSONALIZING
Still, in many ways, it is the small moments celebrated by the Reverso that often gives it significance. Iñigo Ohlsson, Managing Director, South-East Asia & Oceania discussed the engravings he has encountered behind the Reverso’s dials. “Anybody can personalize a Reverso the way they want. What is quite unique is that because the case swivels, you can hide the message.”

“Every time I’ve spoken with someone who has their Reverso engraved, they have engraved something that is very close to their heart,” he said.

In the Philippines, Jaeger-LeCoultre is distributed by Lucerne. —  Joseph L. Garcia

FedEx Express doubles capacity for PHL shipments

EXPRESS transportation company FedEx Express said it recently launched two additional flights connecting businesses in Asia-Pacific countries, including the Philippines, to Europe and America, and made its fleet in Asia 100% wide-body.

“These new flights double the current capacity for Philippine shipments. This is particularly beneficial for Filipino small and medium-sized enterprises that aim to export during the coming peak season,” FedEx Express told BusinessWorld on Friday.

“Overall, this means enhanced connectivity, expanded capacity, more flexibility and greater reach for Asia-Pacific businesses, including businesses and exporters in the Philippines across trans-Pacific, intra-Asia, Europe and North America markets,” it said in an e-mail.

FedEx Express, a subsidiary of FedEx Corp., has a new 17,000-square-meter facility in Clark, Pampanga, which is seen to boost support for businesses and e-commerce in the country.

The two new flights are the latest in the company’s network expansion as economies in the region continue to recover.

“Combined with the four new intercontinental flights launched in July, FedEx has added 62 flights in and out of Asia-Pacific per week with additional capacity to carry almost 2,700 tons (2,690,000 kilograms),” FedEx Express said.

These additions bring its weekly flights from Asia-Pacific to the US and Europe to over 225.

The company also replaced its Boeing 757 narrow body freighters with Boeing 767 wide-body freighters.

“This has almost doubled the cargo capacity to Indonesia, Vietnam, Thailand, and the Philippines,” FedEx Express said.

The wider freighters offer a maximum gross payload capacity of nearly 60,000 kilograms.

As for the newly opened Clark Gateway facility, FedEx Express said: “Customers in Northern Luzon and Cebu will enjoy an extended cutoff time.”

“An extended cutoff time allows SMEs (small and medium-sized enterprises) more flexibility and ensures that their shipment departs on time. Meanwhile, deliveries in Northern Luzon will be earlier by two hours on average,” it noted.

The company also said the facility has sufficient space and capacity to process bulk shipments and is large enough to meet its customers’ retail freight needs, noting that its upgraded sorting system can handle 9,000 documents and parcels per hour. — Arjay L. Balinbin

Being beautiful inside and out

Makeup brand launches mental health campaign

A MAKEUP brand is aiming to make you beautiful inside and out with a new website containing a directory of mental health professionals to help you achieve your best self. After all, doesn’t beauty start from the inside?

To celebrate its ninth anniversary in the Philippines, BYS launched a new campaign called “Break Your Stigma” (playing on the brand’s initials), anchored on a website, www.breakyourstigma.com. The website contains resources for people to connect with over 100 mental health professionals and organizations to seek help. The brand itself was founded in 2004 in Melbourne as a brand of GFA Australia.

Angie Goyena, President of iFace, Inc., the local distributor for BYS, said during a press conference on Oct. 21, “This is not the grand party you were expecting. It is the kind of anniversary we feel is relevant and necessary right now.”

While the campaign is currently only operating in the Philippines right now, the principals from Australia are certainly supportive of it. “The Philippines is such an important market for us. It’s always been at the forefront in terms of innovation and trends. It’s no surprise that they’re tacking this important issue today of mental health,” said Amanda Aitken, Managing Director of GFA Australia. “The need to support everyone’s mental health is such a pressing concern. It doesn’t matter where you come from. It’s all over the globe.”

Ms. Goyena made it clear that the brand’s initials actually stand for the phrase “Be yourself.” However, “It’s really hard to ‘Be Yourself’ if you don’t love yourself, of if your current self is going through something extremely painful or difficult.”

“It is only when we break our stigma that you can truly be yourself,” she said. “Our goal is to give everyone a safe and secure platform where you can get help on your own terms and help others find help too.”

It’s an important cause to take up today, seeing as how the world rages against multiple global crises, the pandemic and its accompanying hardships taking up the top spot for our concerns. But what exactly does makeup have to do with mental health? Ms. Goyena says, “We believe that beauty should be total. It should be overall, not just on the surface,” she said. “Being beautiful on the inside has to do with having good mental health.”

Dr. Honey Carandang, Clinical Psychologist and founder of Mindfulness, Love, and Compassion Institute for Psychosocial Services, Inc., said that taking care of your skin and your looks is part of self-care: a facet of mental health usually skipped over due to our culture. “When you take care of yourself, you are labeled as being selfish: especially with women who were conditioned to raise or take care of others. I think we should reverse that,” she said. “I don’t think we can take care of others if we don’t care of ourselves in all ways.”

Ms. Goyena said, “If we can talk about our skin or our makeup not being perfect, we can normalize talking about our mental health not being perfect as well.”

Visit www.breakyourstigma.com or check out updates about BYS on BYS Cosmetics Philippines on Facebook. — Joseph L. Garcia

Rates of T-bills, bonds may move sideways ahead of Fed meeting

BW FILE PHOTO
GOVERNMENT SECURITIES to be offered by the Bureau of the Treasury this week could see their yields move sideways. — BW FILE PHOTO

RATES of government securities could move sideways this week on the flattening of the US yield curve ahead of the Federal Reserve’s policy meeting.

The Bureau of the Treasury (BTr) is looking to raise P15 billion via the Treasury bills (T-bills) it will auction off on Tuesday, or P5 billion each in 91-, 182- and 364-day debt papers.

On Wednesday, the BTr will offer P35 billion in reissued five-year Treasury bonds (T-bonds) with a remaining life of four years and five months.

A bond trader said T-bill rates could move sideways with an upward bias, while yields of the reissued five-year notes could range from 3.7% to 3.9%.

“Central bank action abroad remains the focus of many traders as rate hikes may not be so far. But the flattening of the US yield curve may put a limit on how high local yields increase. The flattening may indicate that investors think that economic recovery has reached a short-term peak,” the trader said in a Viber message.

Meanwhile, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said T-bill yields could be slightly lower, in line with a slight weekly short-term decline in local rates and most long-term yields as the anticipated resumption of negotiations on the Iran nuclear deal could ease sanctions on Iran’s oil exports.

“As a result, global oil prices corrected lower to one-week lows, down from new seven-year highs… (The) stronger peso and downward correction in global oil prices led to healthy downward correction in local and US/global bond yields, as may be reflected in the upcoming government securities auctions,” he said in a Viber message.

Mr. Ricafort said T-bond yields could also track the slight easing of secondary market rates and range around 3.7% to 3.8%.

US crude oil prices went up on Friday on expectations of maintained production cuts from petroleum exporting countries, Reuters reported, but noted that oil benchmarks declined week on week after reaching record highs on Monday.

Brent crude rose by 6 cents to $84.38, while US West Texas Intermediate crude went up 76 cents to $83.57.

Meanwhile, at the secondary market, the 91- 182- and 364-day T-bills were quoted at 1.2131%, 1.4488% and 1.6228%, respectively, while the five-year bond ended at 3.7771%, based on the PHL Bloomberg Valuation Reference Rates published on the Philippine Dealing System’s website.

The government made a full award of the T-bills it auctioned off last week as investors continue to prefer to park their funds in short-term papers amid inflation fears.

Broken down, the BTr raised P5 billion as planned via the 91-day debt papers from P9.3 billion in bids. The three-month T-bills fetched an average rate of 1.119%, up by 0.6 basis point (bp) from the 1.113% seen at the previous week’s offering.

The BTr also borrowed P5 billion as programmed from the 182-day securities it offered last week as bids reached P14.201 billion. The average rate of the six-month T-bills slipped 0.3 bp to 1.387% from 1.39% previously.

Lastly, the government made a full P5-billion award of the 364-day T-bills as the tenor attracted tenders worth P11.22 billion. The average yield of the one-year instruments stood at 1.606%, up by 0.2 bp from the 1.604% fetched the previous week.

Meanwhile, the last time the BTr auctioned off the reissued debt papers on offer on Wednesday was Oct. 12, when it made a full award of the P35 billion on offer from total tenders of P56.08 billion.

The five-year notes fetched an average rate of 3.576%, higher than the 2.746% recorded in the previous auction and the 3.375% coupon rate.

The BTr plans to borrow P200 billion from the domestic market in November, or P60 billion in T-bills and P140 billion in T-bonds.

The government wants to borrow P3 trillion from domestic and external sources this year to help fund a budget deficit seen to hit 9.3% of gross domestic product. — Jenina P. Ibañez

Globe Telecom expands 5G in Visayas and Mindanao areas

GLOBE Telecom, Inc. said it recently expanded its fifth-generation (5G) network coverage in Bacolod City, Boracay, Iloilo City, and Cagayan de Oro City (CDO), allowing customers to take advantage of the technology’s potential and opportunities.

The Ayala-led telco installed 5G towers in those areas, including tourist destinations in Malay, Aklan.

In an e-mailed statement on Friday, the company said 180 site upgrades were completed in Cagayan de Oro and it now has 5G coverage in 30 key locations all over the city.

To improve customer experience, the company completed the site upgrades of its 3G (third-generation) legacy network to 4G LTE (fourth-generation long-term evolution) in the four areas as of September.

Globe expanded 84 sites and built 13 5G towers in Bacolod.

In Iloilo City, 111 sites were upgraded, and 11 locations now have 5G coverage.

In Boracay, Globe upgraded 32 sites in Balabag, Manoc-Manoc and Yapak. The telco’s 5G coverage is now present in the three barangays, with Manoc-Manoc having two 5G towers.

“With the 4G LTE network, Globe customers in Bacolod City, Boracay, Cagayan de Oro and in Iloilo City now have access to high-speed internet, clearer calls, and a stable mobile network,” said Joel R. Agustin, Globe senior vice-president for program delivery, network technical group.

“We also made 5G available in these four locations in order for them to maximize the potential and opportunities of the technology,” he added.

Globe currently has 641 newly-built cell towers, 1,759 5G sites across the country, and 8,175 mobile sites that have been upgraded.

As of September, Globe already achieved its target of building one million fiber lines. — Arjay L. Balinbin

Kim Kardashian West collaborates with luxury label Fendi

FENDI X SKIMS

KIM KARDASHIAN West’s shapewear brand, Skims, is collaborating with Fendi on a new clothing collection, the companies said last week.

The new collection of body-hugging apparel is slated to be launched on Nov. 9 and was jointly designed by Kardashian West and British fashion designer Kim Jones, said Fendi, LVMH’s Italian luxury fashion house.

The move comes as luxury labels seek to generate buzz in a crowded media landscape by signing on celebrities including rappers and K-pop stars, with an eye to tapping into their broad fan bases.

Skims, which in April was valued at $1.6 billion, has gained popularity with younger shoppers since its launch in 2019 by Kardashian West, helped by the reality star and businesswoman’s huge social media following.

Fendi has previously worked with rapper Nicki Minaj and artist Joshua Vides.

Kim Jones, who is also artistic director of menswear collections for Dior, another LVMH-owned label, is known for his flair for building brand heat in the luxury sphere through tie-ups with artists, popular culture figures and labels.

Mr. Jones brought on rapper Travis Scott to co-design the spring men’s collection for Dior, for example, and teamed up with Donatella Versace on a “Fendace” collection that brought together Fendi and Versace designs.

The Italian labels closed Milan fashion week in September with styles that mixed Versace’s Greek key motif with the Fendi monogram. — Reuters

CIMB sees improved demand for loans by next year

CIMBBANK.COM.PH

MORE CONSUMERS may return to the credit market by 2022 for their nonessential needs after suppressing such activities for nearly two years due to the crisis, CIMB Bank Philippines, Inc. Chief Executive Officer Vijay Manoharan said.

“People want to start to travel, people want to start to shop, they want to start a new home renovation, buy a new car. So there’s going to be an enormous amount of new activity that’s been suppressed for so long,” Mr. Manoharan said in an online interview.

CIMB, which only started operating in the country in 2019, saw its credit portfolio increase 300% so far in 2021 compared with the same period of 2020, Mr. Manoharan said.

He said people tried to tap CIMB for credit amid tighter underwriting processes seen in other financial service providers during the pandemic.

“In 2020 and 2021, people are trying to get access to credit because they’re in a difficult position — they lost their job or they saw less income,” he said.

If restriction measures continue to be eased, Mr. Manoharan is hopeful that people will borrow not because they are negatively affected by the pandemic but because they want to spend.

“By 2022, if things continue to improve, the demand will change more to spur activity, as opposed to trying to recover,” he said.

Mr. Manoharan is optimistic that the progress made by the government’s national ID initiative alongside a more comprehensive credit bureau will also be key to boost credit growth by 2022.

Bank lending rose 2.7% in September to mark the second straight month of growth, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

Outstanding loans issued by big banks increased 2.7% to P9.25 trillion in September after growing 1.3% year on year in August. It had previously declined for eight straight months.

The growth in September is the fastest in 11 months, or since the 1.8% expansion in October 2020.

Including reverse repurchase agreements, outstanding loans went up 2.7% to P9.54 billion year on year in September.   

Outstanding loans went up 0.6% month on month on a seasonally adjusted basis.

Meanwhile, Mr. Manoharan said they welcome the policy of the Bangko Sentral ng Pilipinas (BSP) to limit the digital bank licenses to six, saying it was prudent to regulate the industry.

The central bank also told lenders with a different license type to avoid branding themselves as “digital banks” and instead say they offer online banking products and services.

Mr. Manoharan said they evaluated if they should apply for a license conversion but did not pursue it in the end.

“What we have (commercial bank license) is more than sufficient. Not only can we operate as fully digital, we can also do other segments that have broader services and solutions down the road with our current license,” he said.

Commercial banks have a higher minimum capitalization requirement of P2 billion for those with only a head office, compared with the P1 billion for digital banks, which are not required to have physical branches.

Mr. Manoharan said they are set to launch new products related to investments and insurance soon.

“We have two more partners that we have signed. We’ve done very well with GCash so we hope to replicate the model,” he said.

BSP data showed CIMB’s total assets stood at P17.843 billion as of end-June. — Luz Wendy T. Noble

Metro Clark Waste Management studies expansion beyond Luzon

METRO CLARK Waste Management Corp., which developed the solid waste management system of the Clark Freeport and Special Economic Zone, is looking to expand its operations beyond Luzon, a company official said.

“[The expansion] has to be economically sustainable, and we are looking into it and if this is possible,” Metro Clark Director for Technical Service Holger H. Holst told BusinessWorld in a recent online interview, when asked if the company intends to set up operations in Visayas and Mindanao.

“We’re looking at the market and what’s going on… in the LGUs (local government units). We’ll see what the future will bring, but we are looking forward to getting bigger and to serve more. There has to be a lot of things that have to be in place, and it’s not that easy,” Mr. Holst added.

Metro Clark said it operates the country’s first-ever ISO-certified engineered sanitary landfill facility in Sitio Kalangitan, Clark Special Economic Zone.

The company is also open to incorporating new technologies, such as waste-to-energy, into its operations.

“We are looking at all technologies available on the end of the chain, and waste-to-energy (WTE)… is really one way to reduce the volume of waste,” Mr. Holst said.

WTE facilities can be built anywhere in the country as long as they comply with the Environment department’s guidelines on developing such plants.

Metro Clark said six months ago that it was gearing up to build a $200-million waste-to-power “secondary fuel power plant” to help boost waste disposal capacity in Central Luzon.

The planned facility is expected to serve the waste management requirements of local government units and industrial clients in Region III while producing up to 35 megawatts of power that can be fed back into the region’s distribution grid.

The project, which will be built on the company’s 100-hectare site in the Clark Economic Zone, is the company’s joint venture project with Plambeck-Emirates Global Renewable Energy LLC, a partnership between a German technology firm and the Royal family of Abu Dhabi. — Angelica Y. Yang

The Bowtie gets the crossover feels

PHOTO FROM CHEVROLET PHILIPPINES

Recast Chevy Trailblazer underscores brand’s return to active duty

TO BE HONEST, the Bowtie brand had been relatively quiet here even before the pandemic hit.

That’s changing.

Now, in the span of two successive quarters, the Philippine distributor of the General Motors brand has released an equal number of new models. Following the unboxing of the Chevrolet Tracker (widely perceived as the successor to the Trax) in July, Chevrolet lost no time before trotting out a familiar nameplate: the Trailblazer.

But to backtrack, the uneventful interim leading up to the twin launches was expected, nay, planned. In an exclusive interview session with “Velocity,” Chevrolet Philippines-The Covenant Car Company, Inc. President and Chief Executive Officer Atty. Albert Arcilla explained, “Chevrolet is going through a transition in its product portfolio. As early as 2017, 2018, we were not coy about (announcing) the transition of our products. We knew that some products would be changed, and we would have take out some of the key models that were already familiar to the audience. In 2018, 2019, we scheduled to transition to the new products that we’ve worked for.”

The twin launches are thus not proof of life for Chevrolet in the Philippines but, rather, a part of a premeditated “sabbatical” and recalibration of strategy.

“We were already really in sync with our product portfolio plans for 2021 and 2022. We were just delayed by a few months, but our launch targets were really for (execution) halfway through 2021,” added Atty. Arcilla. “It really gave Chevrolet that time to really study how we would introduce the new models that will be again familiar for the brand.”

The period of relative inactivity (at least to many outside observers) was actually put to good use in preparing Chevrolet Philippines for the gradual evolution of its offerings. Atty. Arcilla said the company kept sight of that goal while liquidating the existing product portfolio to make room for new models, namely the Tracker and the Trailblazer (for now). “We were successful in doing that because we already brought down a lot of our inventories during the transition period,” he added.

‘SERENDIPITY’
The decision to veritably pull the plug on certain models is not to be taken lightly and, of course, might have dire consequences later. But the trigger was pulled at the General Motors (US) level, and Atty. Arcilla thinks Chevrolet Philippines has been “put in a good situation” because of it.

He averred, “Ours is not a very big market; we are only distributors of the products that are available for our market. When General Motors and Chevrolet decided to cut down on the production of some models in the region, it really affected our product portfolio. However, it also came at a time that (the Philippines was) changing our own tax environment. We had the TRAIN (Tax Reform for Acceleration and Inclusion, which had the net effect of jacking up prices of imported vehicles, with some exceptions).

“By the time we were taking out the old Trailblazer, that was when it would have been sold at a very high price. If you look at how the market reacted to the changes in the tax environment, people really did step back and look at other segments. As we were stepping out of the segment, the market was also stepping out of it. Now we’re back in the segment where the market is looking. I think it is serendipity for us at Chevrolet Philippines.”

BLAZING A TRAIL — AGAIN
The segment the company is stepping into is one that has been ripe for the picking even before the pandemic commenced — and promises to remain lucrative in the foreseeable future for the right companies with the right product.

The Chevy Traiblazer, already a familiar nameplate on account of the midsize SUV that was a hit here, now makes a comeback in a smaller compact SUV form. Crucially, Chevrolet Philippines is touting this as a premium product for a “forward-thinking, tech-savvy, and independent audience.”

Measuring 4,408mm x 2,052mm x 1,656mm (LWH), the all-new Chevy Trailblazer is longer, wider, and taller than its sibling Tracker. “The Trailblazer is a continuation of the new design language for Chevy’s crossover family and extends our momentum into one of the industry’s fastest-growing segments. It continues the SUV heritage of the revered nameplate and is now loaded with safety and convenience features that anticipate the needs of today’s most discerning customers,” Atty. Arcilla added in a release.

Meanwhile, Chevrolet Philippines Senior Vice-President and Director for Marketing Communication Services Lyn Manalansang-Buena said, “The all-new 2022 Chevy Trailblazer is a premium compact SUV, and it is catered to individuals who have achieved a certain level of success in their lives. It caters to a different target audience than the Tracker.”

She continued, “It has a lot of creature comforts and benefits that addresses an audience with a more discerning taste. It has stuff like an automatic liftgate, valet assist, MyLink infotainment system with both Android Auto and Apple CarPlay compatibility. There’s a lot of features for individuals who’ve made it to a certain level in their lives.”

As for the Tracker, Mrs. Manalansang-Buena stated that is a vehicle which “punches above its weight (as a) crossover SUV with a lot of benefits.” It’s aimed for a younger set, and the executive imagines these motorists would probably be “managers making their way up the corporate ladder,” or young families ready for their first vehicle. “The Trailblazer could be a secondary car, and maybe belongs to a family that has a multi-car system. That’s how we see the two target audiences of the Tracker and the all-new Chevy Trailblazer.”

For Chevrolet Philippines First Vice-President and Director of Product Development and Distribution Services David Ma. Antonio Zaballero, the Tracker and Trailblazer represent “two distinct product philosophies that appeal to two sometimes overlapping segments, but are (different) enough that their preferences are distinct as well.”

He commented on the Trailblazer, “The plethora of convenience and safety features will appeal to a more mature, more established demographic looking for advanced driver assistance systems and a raft of fuel-saving technologies in the powertrain.”

REFINING, REDEFINING
The all-new Chevy Trailblazer is available in two variants, the LT (P1,488,888) and Premier (P1,621,888). Chevrolet makes mention of the model’s front fascia and how it derives inspiration from the iconic Camaro. Speaking of its front end, the Trailblazer gets LED Intellibeam headlamps, LED daytime running lights (DRLs), and LED fog lamps. The “signature dual-port grille (also) gives its face a multilayered, dimensional appearance.”

Chevrolet designers purposively wanted the Trailblazer to have a visually wider and stronger stance, and this is helped along by an accent bar and simulated front skid plate. On the side, the crossover “includes taut character lines, a sleek roofline, and a bold hood shape to accentuate its youthful character.” LED illumination appears in the rear of the Chevy Trailblazer as well — through a high-mount stop lamp and taillights. Buyers will appreciate a hands-free power liftgate, rear camera, and sensors.

TURBOCHARGED GOODNESS
Powering the vehicle is GM’s next-generation Euro 4 E-Turbo engine. The inline three-cylinder turbocharged DOHC 1.3-liter mill delivers 155hp at 5,600rpm, while a stout 236Nm of torque arrives between 1,600rpm and 4,000rpm. Chevrolet said that the “innovative engine is characterized by advanced technology features that not only add excitement behind the wheel, but also enhance fuel efficiency.”

The system features active thermal management to keep the engine at optimum operational temperature, and a variable displacement oil pump to ensure that lubricant delivery is matched to engine load. Active grille shutters can close when engine cooling needs are reduced — also aiding in the reduction of drag while maximizing aerodynamic efficiency by pushing more air around the vehicle. Additionally, the Trailblazer’s electric water pump is independent from the engine and keeps parasitic drag low.

The Trailblazer also boasts an engine start/stop system to cut down on both fuel consumption and emissions when possible.

The vehicle translates the engine output into performance through a new-generation Hydramatic VT40 CVT. Chevrolet stated that this six-speed front-wheel-drive CVT comes equipped with a multi-drive-mode system to match road conditions. A suite of driver assist and safety systems reads like a who’s who of features more commonly seen on upmarket models: enhanced stability control, anti-lock brakes, traction control, electronic stability control, electronic brakeforce distribution, hill start assist, cornering brake control, rollover protection, engine drag control, forward collision alert, following distance indicator, automatic emergency braking, front pedestrian braking, lane change alert with side blind zone alert, lane keep assist with lane departure warning, rear camera, rear park assist and rear-cross traffic alert.

The Chevy Trailblazer also receives brake assist systems such as Brake Pre-fill, Fading Brake Assist (FBA), and Panic Brake Assist (PBA). The crossover also has the ability to detect if an emergency or spare tire is in use — and accordingly adjusts the brakeforce, torque and power applied on the spare. The parking brake is actuated electronically as well.

To provide confidence during “enthusiastic cornering,” Chevrolet’s Torque Vectoring by Brakes (TVBB) system applies the brakes on the inside wheel (the vehicle gets 17-inch alloys, by the way) when the Trailblazer makes a turn at speed. “Light brake force is applied to the front inside wheel as soon as it begins to lose grip, sending more engine torque to the outside wheel that has more grip,” said the company.

CABIN FEVER
The Trailblazer’s steering wheel is leather-wrapped and bears a heating function (as with the front seats), along with cruise and audio controls. Chevrolet equips it with electronic power steering as standard. Swathed in jet-black leather, the cabin is accented by white stitching. The infotainment system is predicated on an eight-inch MyLink with Apple CarPlay and Android Auto connectivity, and its HVAC (heating, ventilation, and air-conditioning) system is equipped with an air moisture sensor and A/C cabin pollen filter.

The all-new Chevy Trailblazer is available in eight colors: Summit White, Black Meet Kettle Metallic, Crimson Metallic, Blue Glow Metallic, Vivid Metallic, Mahogany Red Metallic, Abalone White Tri-coat, and Satin Steel Grey Metallic.

Available in Chevrolet dealerships nationwide, the all-new Chevy Trailblazer comes with a five-year warranty, automatic enrollment to the 24/7 Chevrolet Roadside Assistance for three years, and access to the Chevy Hotline for convenient vehicle service and ownership needs.

Atty. Arcilla said that he sees two promising segments now — the aforementioned crossover niche and small sedans. As Chevrolet Philippines is addressing the first category, it is also looking at bringing in models for the second.

“We are already in a lot of discussions with our principals at GM and Chevrolet because we’ve seen that there are certain models available in other markets that may be introduced here in the Philippines. We’re waiting for the right timing and right pricing strategy that will give us the right volume and price level that we can offer to the market,” intimated the Chevrolet Philippines head. “By the middle of next year, when everything hopefully gets a little more normal, it will be easier for us to make that decision to again introduce a model in a very, very big segment.”

Armorer on Rust film set says producers overruled her safety requests

LOS ANGELES —  The armorer who oversaw guns used in filming of Western movie Rust said producers allowed for an “unsafe” movie set and rejected her requests for training and other measures before actor Alec Baldwin accidentally shot and killed a cinematographer.

Attorneys for Hannah Gutierrez, 24, issued the first public statement on her behalf late on Thursday, a week after the fatal shooting by Mr. Baldwin of Ms. Halyna Hutchins on the Rust set outside of Santa Fe, New Mexico.

Safety was the “number one priority” for Ms. Gutierrez, who had been hired as armorer and assistant prop master, according to the statement from attorneys Jason Bowles and Robert Gorence. Holding both positions “made it extremely difficult to focus on her job as an armorer,” the statement said, adding that Ms. Gutierrez fought for training, days to maintain weapons, and proper time to prepare for scenes with gunfire.

Ms. Gutierrez “ultimately was overruled by production and her department,” the attorneys said. “The whole production set became unsafe due to various factors, including lack of safety meetings,” they added. “This was not the fault of Hannah.”

Authorities in Santa Fe are investigating the incident and say they have not ruled out criminal charges. A key question is how live ammunition made its way into the .45-caliber Colt revolver that Mr. Baldwin was using after he was told the gun was “cold,” an industry term meaning it was safe to use.

Ms. Gutierrez “has no idea where the live rounds came from,” her attorneys said. She and the prop master “gained control over the guns and she never witnessed anyone shoot live rounds with these guns and nor would she permit that.”

Guns on the set were locked up at night and at lunch, “and there’s no way a single one of them was unaccounted for or being shot by crew members,” they added.

“Hannah is devastated and completely beside herself over the events that have transpired,” the statement said.

A spokeswoman for Rust Movie Productions had no immediate comment on Friday. The company has hired a law firm to investigate the incident and previously said it had not been made aware of safety problems on the set.

Mr. Baldwin, who has said he is heartbroken and cooperating with authorities, also served as a producer on the movie. —  Reuters

Inventory of frozen pork nearly doubles in late Oct.

PHILSTAR FILE PHOTO

THE INVENTORY of pork in cold storage rose 97.6% year on year to 83,329.39 metric tons (MT) as of Oct. 25, according to the National Meat Inspection Service (NMIS).

The NMIS said in a report that imported frozen pork accounted for 97.7% or 81,416.95 MT of the total.

Volumes in cold storage had risen 2.3% month on month and fell 0.4% week on week.

The Philippine Association of Meat Processors, Inc. (PAMPI) has said that the inventory pileup is due to the failure of the government to account for the lack of freezers in wet markets in the National Capital Region (NCR) and nearby areas, where the imports are authorized for sale.

“Stall owners in wet markets do not have freezers. They barely have enough capital to pay for daily deliveries of fresh pork. So how can they sell imported pork even if they are priced cheaper?” PAMPI said.

The Department of Agriculture (DA) recently issued Memorandum Circular No. 23, which expanded the authorized sale outlets for imported pork to areas with “relatively high prices” of pork meat outside of the so-called NCR Plus region, which includes Bulacan, Rizal, Laguna, and Cavite.  

It said the directive was issued in response to the low utilization of the new minimum access volume (MAV) quota for pork imports due to restrictions on their sale.

Previously, pork imports were only permitted for sale in wet markets, supermarkets, and Kadiwa outlets within NCR Plus.

Rolando E. Tambago, Pork Producers Federation of the Philippines, Inc. president, told BusinessWorld via mobile phone that the memorandum circular did not specify where market coverage will be expanded.

“There are still huge inventories of imported pork in cold storage especially in the National Capital Region (NCR), Central Luzon, Calabarzon, and Cebu. It is more than double the usual or even much more inventory versus the same period last year,” Mr. Tambago said.

“Our members in the Visayas and Mindanao are currently sending a lot of surplus pork to Luzon. Instead of focusing on imported pork, the DA should focus its attention on helping out hog farmers to in transporting pork to Luzon from the Visayas and Mindanao,” he added.  

The volume of imported pork allowed to enter the country was increased by President Rodrigo R. Duterte under Executive Order (EO) No. 133, which expanded the MAV quota by 200,000 MT to 254,210 MT.

Pork imports within the MAV quota are charged lower tariffs compared to imports exceeding the MAV.

Mr. Duterte also signed EO 134, which lowered the tariffs on all pork imports, within or beyond the MAV quota, for one year.

Both directives were issued to address supply and price issues after the hog inventory was depleted due to the ongoing African Swine Fever outbreak. — Revin Mikhael D. Ochave