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Shares climb as fears over new variant subside

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PHILIPPINE shares picked up on Monday as Omicron fears subsided and on expectations that inflation slowed last month.

The Philippine Stock Exchange index (PSEi) rose 75.55 points or 1.07% on Monday to close at 7,130.74, while the broader all shares index went up by 21.89 points or 0.57% to 3,812.09.

“Market took cue from health experts views’ that early indications of the gravity of the Omicron variant are a bit encouraging,” Papa Securities Corp. Equities Strategist Manny P. Cruz said in a Viber message.

“Outside the country, investors are assessing the impact of Omicron variant on their open positions,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.

Initial data from South Africa, the epicenter of the outbreak of the Omicron variant, don’t show a resulting surge of hospitalizations, Bloomberg reported.

“PSEi [went] up on hopes for lower interest rates due to easing inflation, spurring market confidence for sustained corporate earnings recovery into 2022,” First Metro Investment Corp. Head of Research Cristina S. Ulang said in a Viber message.

Headline inflation likely eased in November amid a slower rise in food prices and a drop in pump prices, analysts said.

A BusinessWorld poll of 18 analysts yielded a median estimate of 4% for the November inflation, which is near the upper end of the 3.3% to 4.1% estimate given by the Bangko Sentral ng Pilipinas (BSP).

If realized, last month’s consumer price index will be within the 2-4% target of the BSP and slower than the 4.6% in October but quicker than the 3.7% logged a year earlier.

The Philippine Statistics Authority will release the November inflation report on Tuesday, Dec. 7.

The BSP has kept benchmark rates at record lows since 2020 to support the economy’s recovery, and is expected to remain accommodative at least until the end of the year.

Most sectoral indices rose except for mining and oil, which fell 123.06 points or 1.31% to finish at 9,238.97.

On the other hand, services climbed 38.24 points or 1.97% to 1,976.76; financials increased 26.64 points or 1.70% to 1,585.13; property jumped 36.12 points or 1.12% to 3,252.83; industrials improved by 76.18 points or 0.73% to 10,383.23; and holding firms gained 18.26 points or 0.26% to end at 6,814.65.

Value turnover decreased to P6.55 billion with 1.32 billion shares traded on Monday from the P6.97 billion with 1.30 billion issues switching hands on Friday.

Advancers narrowly beat decliners, 94 against 93, while 52 names closed unchanged.

Net foreign selling increased to P269.52 million on Monday from the P181.60 million logged on Friday.

Timson Securities, Inc. Trader Darren Blaine T. Pangan said investors will look to the listing of Medilines Distributors, Inc. on the PSE on Tuesday for leads.

“Meanwhile, we’ll have to see if support at 6,800 holds, while 7,454.50 seems to be the closest resistance area,” Mr. Pangan said in a Viber message. — M.C. Lucenio with Bloomberg

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‘Digital empathy’ needed to combat rising cyberthreats

PIXABAY

The challenges of Attack as a Service (AaaS) and other cyberthreats are so broad that no one company can address them in isolation, according to Microsoft’s 2021 Digital Defense Report. 

“With the increasing sophistication of threat actors, cyber resilience is the key,” said Aanchal Gupta, vice president of Azure Security for Microsoft, in a Dec. 3 virtual briefer. “Focusing on mindset, cloud, and [cyber] hygiene are critical areas.”  

Among the actions that support these critical areas are assuming breaches at the onset to increase the cost for the attacker, building plans for rapid response and recovery, and utilizing the scale of cloud technology to process cyberthreats much faster.   

THE CYBERCRIME ECONOMY 
Ms. Gupta, who also leads the Microsoft Security Response Center, cited figures that gave a snapshot of the cyberthreat landscape:  

  • $4 million is the average cost of a data breach in 2020;  
  • $8 trillion is the estimated cost of cybercrime to the world economy by 2022; and  
  • 57 days is the median number of days between infiltration and detection.  

“Eight trillion dollars is higher than the Gross Domestic Product of all but 20 countries in the world,” she said. 

AaaS is cheap, moreover. Ransomware (or malware that holds a victim’s information at ransom) is priced at either $66 upfront, or 30% of the profit in an affiliate model.  

Spear phishing (a social engineering scam that tricks individuals to share sensitive data) is priced $100–1000 for every successful account takeover. Meanwhile, compromised accounts are $150 per 400 million, or an average of $0.97 per 1,000 accounts.  

“It’s a thriving economy of its own and a lot of people are getting driven to it,” added Ms. Gupta.  

FIVE PARADIGM SHIFTS 
Operational resilience is cyber resilience, noted Ann Johnson, Microsoft’s corporate vice president for security, compliance, and identity, in the report.  

To support the evolution of work, in which people work securely and from a variety of non-traditional locations and devices, Microsoft listed five paradigm shifts in cybersecurity that focus on the inclusivity of people and data:  

  1. Digital empathy – involves thinking about the ways ordinary people engage with technology, and ensures that security fits into their working practices rather than those of a cybersecurity professional.   
  2. Zero trust – involves an “assume breach” security posture that treats each request for access as a risk to be verified.   
  3. Data diversity – involves utilizing the power and scale of the cloud to make sense of data points and identify threats before they reach customers.  
  4. Operational resilience – involves a strategic approach tied to cyber resilience, which in turn applies cloud technology’s scale to prepare for various contingencies.  
  5. Integrated security – involves adopting tools that are integrated to provide end-to-end visibility across an organization’s network, apps, and users.  

Microsoft deals with 24 trillion security signals a day and uses artificial intelligence and machine learning to correlate these, said Ms. Gupta.  

“Even if it looks like a successful authentication, we put a tracking on it if it’s not our customer’s usual IP address, and if the [account is not accessed] at the usual time…” she said. “At the end of the day, we want to take care of our customers.” — Patricia B. Mirasol

  

 

‘Extreme’ vaccine discrimination risks leaving Africa behind — report

Image via UNICEF Ethiopia/Nahom Tesfaye

LONDON — Africa has little chance of overcoming the coronavirus disease 2019 (COVID-19) pandemic unless 70% of its population is vaccinated by end-2022, yet “extreme vaccine discrimination” is leaving the continent behind, a report published on Monday said.  

The discovery of the Omicron variant in southern Africa has heightened claims that low inoculation rates can encourage viral mutations, which can then spread to countries where rates are much higher.  

Yet only five of Africa’s 54 countries are on track to reach a World Health Organization target of fully vaccinating 40% of the population by end-2021, the Mo Ibrahim Foundation said in a report on COVID-19 in Africa.  

One in 15 Africans has been fully vaccinated, against nearly 70% in the G7 group of richer nations, according to data from the foundation, which was set up by the Sudanese telecoms billionaire to promote better governance and economic development in Africa.  

“From early in this crisis, our Foundation and other African voices have been warning that an unvaccinated Africa could become a perfect incubator for variants,” its chair Mo Ibrahim said in a statement.  

“The emergence of Omicron reminds us that COVID-19 remains a global threat, and that vaccinating the whole world is the only way forward,” he added. “Yet we continue to live with extreme vaccine discrimination, and Africa in particular is being left behind.”  

Vaccines have been in short supply in Africa after developed countries secured initial orders from pharmaceutical companies and the global vaccine-sharing programme, COVAX, got off to a slow start.  

Deliveries of vaccines to Africa have picked up in recent months, but weak healthcare systems and limited infrastructure are holding back rollouts once they arrive, the report said.  

There has also been confusion over short expiry dates on donated vaccines, which has led to the destruction of some.  

Monday’s report said the pandemic had exposed the weakness of African civil registration capacities, with just 10% of African deaths officially registered. Weak systems raised the possibility that vaccination rates were even lower than official statistics showed.  

The foundation also said threadbare social safety nets must be strengthened to protect the vulnerable — the average spend in Africa on COVID-19 response measured as a share of GDP excluding healthcare was 2.4%, less than half the global average. — Tommy Wilkes/Reuters

Bob Dole, war hero, longtime US senator, presidential candidate, dies at 98

Bob Dole in 2019. US Army photo by Spc. Dana Clarke.

WASHINGTON — Bob Dole, who overcame grievous World War Two combat wounds to become a pre-eminent figure in US politics as a longtime Republican senator from Kansas and his party’s unsuccessful 1996 presidential nominee, died on Sunday. He was 98.  

Dole, known for a wit that ranged from self-deprecating to caustic, died in his sleep, the Elizabeth Dole Foundation said. Dole announced in February that he had been diagnosed with advanced lung cancer and would begin treatment.  

“America has lost one of its heroes; our family has lost its rock,” Dole’s family said in a statement. “He embodied the integrity, humor, compassion and unbounded work ethic of the wide open plains of his youth. He was a powerful voice for pragmatic conservatism.”  

Dole sought the presidency three times and was the Republican Party’s nominee in 1996 but lost to Democratic incumbent Bill Clinton. Dole was his party’s vice presidential nominee in 1976 on a ticket headed by incumbent President Gerald Ford but they lost to Democrat Jimmy Carter and his running mate Walter Mondale.  

Dole, known for referring to himself in the third person, made a classic American journey from the poverty of the Great Depression of the 1930s, through World War Two battlefields to the corridors of power with a stoic Midwestern dignity.  

He represented Kansas in Congress for 35 years: 1961 to 1969 in the House of Representatives and 1969 to 1996 in the Senate. Dole helped shepherd Republican President Ronald Reagan’s legislative agenda as Senate majority leader in the 1980s and spearheaded important legislation of his own.  

Dole, who lost the use of his right arm from a war wound, was an advocate for the disabled and worked to shore up the finances of the Social Security retirement program. Dole was instrumental in passage of the 1990 Americans with Disabilities Act prohibiting discrimination on the basis of disability in employment, public accommodations and transportation.  

He also was a key figure behind building a memorial honoring Americans who served in World War Two on Washington’s National Mall, now a popular tourist stop.  

President Joseph R. Biden, Jr., fondly recalled his visit to Dole in February at the Watergate complex in Washington where he lived.  

“We picked up right where we left off, as though it were only yesterday that we were sharing a laugh in the Senate dining room or debating the great issues of the day, often against each other, on the Senate floor,” Mr. Biden said in a statement.  

“Though we often disagreed, he never hesitated to work with me or other Democrats when it mattered most,” Mr. Biden said in a statement, a contrast to today’s bitter partisanship that has made it hard for the major parties to cooperate on legislation.  

Former President Donald Trump called Dole “an American war hero.” In a statement, Mr. Trump added, “the Republican Party was made stronger by his service.”  

Dole, who described himself as “a Trumper” in support of the former president, in July voiced impatience with Trump’s ongoing allegation that the 2020 election had been stolen from him because of massive voter fraud — a claim that has been rejected by several court challenges and Mr. Trump’s own Justice Department.  

“He lost the election, and I regret that he did,” Dole told USA Today’s Susan Page. “I’m sort of Trumped out,” he added.  

“When I think of the greatest generation, I think of Senator Bob Dole — a man who dedicated his life to serving our country. Rest In Peace, my friend,” Senator Mitt Romney, a former Republican presidential candidate, wrote on Twitter.  

American flags were ordered to fly at half-staff at the White House, the  US Capitol and other federal buildings.  

1996 ELECTION 
“To those who believe that I am too combative, I say if I am combative, it is for love of country,” Dole said in his speech accepting his party’s 1996 presidential nomination. “… And to those who believe that I live and breathe compromise, I say that in politics honorable compromise is no sin. It is what protects us from absolutism and intolerance.”  

Dole defeated rivals including conservative commentator Pat Buchanan to secure the nomination. At age 73, he found himself facing Mr. Clinton, 50 at the time, a charismatic embodiment of the postwar baby boom who already had weathered charges of adultery and military draft evasion.  

Dole subtly raised Mr. Clinton’s past by saying: “If something happened along the route and you had to leave your children with Bob Dole or Bill Clinton, I think you’d probably leave them with Bob Dole.”  

Mr. Clinton defeated Dole, capturing 49% of the popular vote to Dole’s 41% and third-party challenger Ross Perot’s 8%. Dole won 19 of the 50 states, losing the state-by-state Electoral College by a 379–159 count.  

Mr. Clinton in 1997 awarded Dole the Presidential Medal of Freedom, the nation’s highest civilian honor. Dole in 2018 received the Congressional Gold Medal, the highest honor Congress can bestow.  

On Capitol Hill, Dole was a pragmatic conservative and an effective legislator liked by Democrats as well as Republicans for his ability to build coalitions and pass broadly acceptable laws. He was Senate majority leader from 1985 to 1987 and then again from 1995 to 1996, and was Senate minority leader from 1987 to 1995.  

Dole acquired a reputation for sometimes lashing out at rivals and assumed the role of “hatchet man” as Ford’s running mate in 1976.  

In a 1976 debate with Mondale, Dole declared: “If we added up the killed and wounded in Democrat wars in this century, it would be about 1.6 million Americans, enough to fill the city of Detroit.” Trying to recoup from that statement, Dole displayed a flash of humor, saying, “They told me to go for the jugular, so I did — mine.”  

When he sought the Republican presidential nomination in 1988, Dole snapped at Vice President George H.W. Bush, saying, “Stop lying about my record.” Bush won the nomination and the presidency. Dole attended Bush’s 2018 funeral service at the  US Capitol Rotunda, standing up from his wheelchair with the help of an aide and raising his left hand for a final salute.  

Dole also sought the 1980 Republican presidential nomination eventually won by Reagan.  

Dole’s wife, Elizabeth, served as Republican senator from North Carolina from 2003 to 2009, and as Bush’s secretary of labor and Reagan’s secretary of transportation.  

WAR HERO 
Robert Joseph Dole was born on July 22, 1923, one of four children of a grain elevator manager and a traveling saleswoman in Russell, Kansas.  

As a  US Army lieutenant in World War Two, he led an assault on a German machine-gun nest in Italy. A shell wrecked his right shoulder, paralyzed his right arm, broke vertebrae, riddled his body with shrapnel and cost him a kidney. Decorated for heroism, Dole spent 39 months in hospitals before returning to civilian life.  

Dole attended law school, unable to write but getting through with the help of his first wife, Phyllis, who transcribed class lectures he recorded. Dole had one daughter, Robin, from his first marriage.  

Dole became involved in the 2016 Republican presidential campaign by endorsing Jeb Bush and joining his campaign. After Bush dropped out, Dole endorsed eventual winner Donald Trump. Former Dole adviser Paul Manafort served as Trump’s campaign chairman. In 2017, Dole praised Trump for having “immensely helped restore our position as leader of the free world.” — Will Dunham/Reuters 

Omicron variant found in nearly one-third of US states

Image via CDC/James Gathany

WASHINGTON — The Omicron variant of the coronavirus has spread to about one-third of US states, but the Delta version remains the majority of coronavirus disease 2019 (COVID-19) infections as cases rise nationwide, US health officials said on Sunday.  

Though the emergence of the new variant has caused alarm worldwide, Dr. Anthony Fauci, the top US infectious disease official, told CNN “thus far it does not look like there’s a great degree of severity to it.” He added that it was too early to draw definitive conclusions and that more study is needed.  

Mr. Fauci, US President Joseph R. Biden, Jr.’s chief medical adviser, said he also hoped the United States would lift its ban on travelers from southern African countries in a “reasonable period of time.” The South African government has complained it is being punished — instead of applauded — for discovering the new variant and quickly informing international health officials.  

Mr. Fauci, in an interview on CNN’s “State of the Union,” praised South Africa for its transparency and said the US travel ban was imposed at a time “when we were really in the dark” and needed time to study the variant.  

At least 16 US states have reported Omicron cases: California, Colorado, Connecticut, Hawaii, Louisiana, Maryland, Massachusetts, Minnesota, Missouri, Nebraska, New Jersey, New York, Pennsylvania, Utah, Washington and Wisconsin, according to a Reuters tally.  

Many of the cases were among fully vaccinated individuals with mild symptoms, although the booster shot status of some patients was not reported.  

Despite several dozen Omicron cases, the Delta variant still accounts for 99.9% of new COVID cases in the United States, Centers for Disease Control and Prevention (CDC) Director Dr. Rochelle Walensky told ABC News in an interview.  

“We are every day hearing about more and more probable cases so that number is likely to rise,” she said.  

The United States over the last seven days has averaged 119,000 new cases a day and lost nearly 1,300 lives to COVID each day, according to a Reuters tally.  

Louisiana currently has one Omicron case from an individual who traveled within the United States, its health department said on Sunday.  

On Saturday, it said a Norwegian Cruise Line Holdings Ltd cruise ship set to dock in New Orleans with more than 3,000 passengers found 10 cases of COVID-19 on board.  

Officials said passengers on the Norwegian Breakaway, which stopped in Belize, Honduras and Mexico, would be tested and given the CDC’s post-exposure and quarantine guidelines.  

The emergence of the new variant has sharply curtailed the number of energy executives and government ministers planning to attend the four-day World Petroleum Congress in Houston this week, which had already been rescheduled from 2020.  

But travel restrictions and worries over the new variant saw energy ministers from Saudi Arabia, Kazakhstan, Qatar, Argentina, Equatorial Guinea, Greece, Turkey and Romania – bowed out, WPC officials said on Sunday.  

Governors of two states with reported Omicron cases —  Connecticut and Colorado — said they hoped their higher-than-average vaccination rates would blunt the impact.  

“We want to see how well the vaccinations hold up,” Colorado’s Jared Polis told ABC.  

As US Omicron cases emerge, COVID-19 vaccine makers aim to quickly tweak their shots to target the variant and US regulators have vowed speedy reviews, but that could still take months.  

“Certainly, FDA [Food and Drug Administration] will move swiftly and CDC will move swiftly,” Ms. Walensky said.  

Moderna Inc has targeted US approval of an updated vaccine as soon as March, but company officials on Sunday said it will still take time to increase output.  

Moderna Co-founder and Chairman Noubar Afeyan told CNN it would take another seven to 10 days to gather key data. Then, it “will take a good 60 to 100 days” to deploy an Omicron-specific shot, although other options like a higher dose of the current booster are being explored, he said.  

 US government officials are also working with Pfizer Inc and Johnson & Johnson on updated shots, while Pfizer and Merck & Co Inc are pursuing COVID-19 pill treatments. — Matt Spetalnick and Susan Heavey/Reuters

Pope calls migrant crisis ‘shipwreck of civilization’

ANNETT KLINGNER-PIXABAY

LESBOS, Greece — Pope Francis condemned the exploitation of migrants for political purposes on Sunday during a visit to the Greek island of Lesbos, branding the global indifference to their plight the “shipwreck of civilization.”  

Pope Francis walked through the Mavrovouni camp, which holds about 2,300 people, stopping to greet dozens of refugees and giving a high five to a young African boy.  

He first visited the island, one of the main entry points for migrants, in 2016 and took 12 Syrian refugees back to Italy with him. He lamented that “little has changed” since then.  

The Mediterranean, where thousands have died trying to make the crossing from north Africa to Europe, was still “a grim cemetery without tombstones.”  

“Please, let us stop this shipwreck of civilization!” he said.  

Pope Francis for the second straight day chided those who use the migration crisis for political ends.  

“It is easy to stir up public opinion by instilling fear of others,” he said, adding that people who are anti-immigrant “fail to speak with equal vehemence” about the exploitation of the poor, wars, and the arms industry.  

“The remote causes should be attacked, not the poor people who pay the consequences and are even used for political propaganda,” he said.  

The camp, set up in an old army firing range, is made up of dozens of prefabricated structures, some similar to shipping containers and other, smaller ones made of plastic.  

ERA OF WALLS AND BARBED WIRE 
The spaces between the structures are like streets of a bleak village where people live in limbo. Baby carriages and children’s tricycles leaned on the home of one Afghan couple.  

Sitting on a chair under a tent with the sea behind him, the pope listened to Christian Tango Mukaya, a 30-year-old refugee from the Democratic Republic of Congo who has been at the camp with two of his children for a year. He has not had contact with his wife and another child since he arrived.  

Mavrovouni, whose perimeter is surrounded by cement, barbed wire and the sea, replaced the notorious Moria camp that burned down last year.  

The pope visited several families there at the end of his morning visit.  

Departing from his prepared address, Pope Francis said it was “distressing” to hear that some European leaders wanted to use common funds to build a wall and put up barbed wire to keep immigrants out.  

“We are in the era of walls and barbed wire,” he said.  

Poland’s prime minister Mateusz Morawiecki has called for the EU to jointly finance a border wall to stem the tide of migrants coming from the Middle East through Belarus into Poland.  

As grim and bleak as Mavrovouni is, it is a marked improvement over Moria, which human rights groups decried for its squalid and overcrowded conditions.  

Greece has long been the main entry point into the European Union for migrants and refugees fleeing war and poverty in the Middle East, Asia, and Africa. Hundreds of thousands of people arrived on Lesbos’s beaches in 2015 after crossing on boats from Turkey.  

Joshue, an 18-year-old refugee from Congo, was among those who welcomed the pope’s visit.  

“It’s not like hearing it from afar, he came to the field to see how we live, to see how things happen here, so it gives us hope and strength knowing that such a leader is thinking about us,” he said. — Philip Pullella and Lefteris Papadimas/Reuters

McDonald’s supports accelerating vaccination in the country through Bayanihan, Bakunahan

Individuals to be vaccinated are getting screened by medical personnel at the pilot run in McDonald’s CDO Limketkai.

Select McDonald’s branches served as temporary vaccination sites, reallocated purchased AstraZeneca doses to partner LGUs

 In its bid to reinforce the importance of vaccination not just for the safety of its employees but of the community, McDonald’s Philippines participated in the recently concluded National Vaccination Days (Bayanihan, Bakunahan) held last November 29 – December 1, 2021. The simultaneous vaccination drive which was held in multiple vaccination venues had a target of administering 9 million first doses.

With the goal of providing accessible venues and increasing the number of vaccinated Filipinos around the country, McDonald’s Philippines converted a portion of the 14 stores that participated in Quezon City and Pasay for NCR, San Jose Mindoro and Masbate in Luzon 4A and 5, Bacolod and Cagayan De Oro, Iligan, Butuan and Zamboanga for Mindanao as vaccination venues. These stores that were used as temporary vaccination sites were able to administer an average of more than 400 doses per day. Administration of the vaccine was done by medical personnel and representatives from the Department of Health and the assigned LGU.

To ensure everyone’s safety, McDonald’s laid out strict health and safety protocols for both vaccine recipients and regular customers. A 3-step process was followed for vaccine recipients starting with registration, recipients were then transferred to the jab administration where they were screened, counseled and administered with the vaccine. After getting jabbed, they were then moved to the party area for observation.

Vaccine recipients seen waiting outside in the registration area of McDonald’s Guiwan Zamboanga before they get called in the jab administration area to be counseled.

“We are happy to have had the opportunity to partner with the DOH and the different LGUs in our bid to help communities have an easier and convenient access to vaccines. Through the conversion of our stores to temporary vaccination sites, we were also able to make good use and maximize our spaces,” said McDonald’s Philippines President & CEO Kenneth S. Yang.

Re-allocating company-purchased vaccines

With its active participation in the Ingat Angat Bakuna Lahat program of the government to boost vaccine participation, the QSR giant has also reallocated more than 6,000 AstraZeneca vaccine doses that were initially purchased for its employees through the tripartite agreement to partner LGUs. The LGUs that received these doses are Bataan Province, Vigan, Cotabato, Olongapo, Palawan, Leyte, Manila, and Marikina, while also donating to the Philippine Red Cross in San Fernando, La Union and to the National Task Force (NTF) based in Clark Freeport Zone with more vaccine doses to be reallocated to additional LGUs in the coming weeks.

McDonald’s was able to re-allocate these vaccine doses given its high vaccination rate. To date, 100% of crew and managers in NCR are fully vaccinated, with Luzon at 98% and 95% for Visayas and Mindanao.

“At McDonald’s, our overall commitment has and will always be the safety of people. We believe that in order for the country to recover and rebound, we, members of the private sector have a responsibility to encourage and support more Filipinos to get vaccinated, by maximizing our resources and partnering with the government to reach more members of our community,” Yang shared.

Whether dine-in, delivery, or ride thru, customers are assured that their food is safely prepared by fully vaccinated employees who work in a safe environment while following stringent global food quality standards. To stay updated, please visit McDonald’s website at www.mcdonalds.ph for more information.

 


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MG Philippines ushers in the holiday season with MG Live! Salubong: The Christmas Concert

This Christmas, MG Philippines brings the finest OPM acts to the comfort and safety of your home with a special online edition of MG Live! entitled Salubong: The Christmas Concert, which will be broadcasted online over KTX.ph on December 10 and December 11, 2021. MG Live! Salubong will feature top local musical acts including urban/hip-hop star CLR, rock quartet Sponge Cola, and the legendary Aegis band rounding off this roster extraordinary artists.

Music is a cornerstone of MG’s brand identity and, since its launch in October 2018, MG Philippines has always championed and celebrated Original Pilipino Music (OPM) through its MG Live! concert series. This Christmas, MG Philippines brings the musical celebration straight to your home with this extraordinary online concert and the very first MG Live! Online concert event. The health and safety of all remain as MG Philippines’ top priority during these times, but the British heritage car brand nonetheless finds ways to usher in the holiday spirit and cheer through music while upholding a safe and secure event.

“MG continues to bring extraordinary musical experiences to Filipinos and we are proud to present MG Live! Salubong: The Christmas concert, in celebration of the holiday season. We hope to bring cheer and warmth into every home through this online concert event, which we dedicate to Filipino families here and abroad,” says Atty. Alberto B. Arcilla, President and CEO of MG Philippines. “MG has been associated with music since day one, and we are truly happy and excited to be able to stage Salubong—a truly one-of-a-kind Christmas concert—in cooperation with our partners, for the enjoyment of all Filipinos this December.”

Salubong is an extraordinary musical experience that promises more than just great tunes. Beyond the power of the music, enjoy loads of fun content like behind-the-scenes exchanges with the musical artists, and a sing-along complete with lyrics onscreen; and you can even send shout-outs to anyone anywhere in the world. If you have a member of your family working abroad this holiday season, send them a personalized greeting via Salubong using the event’s Salu-Salo Social Wall comment and share board. Make your loved ones feel the warmth of home this December with MG Live! Salubong: The Christmas Concert!

MG Live! Salubong: The Christmas Concert is brought to you by MG Philippines, in cooperation with Praxis and The Filipino Channel (TFC.) Salubong is staged with top-notch technical production at ABS-CBN’s ASAP Studio 10, and the program is conceptualized by the best Filipino musical production minds under director Paul Alexei Basinillo.

 


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COVID-19 curbs China’s power in Indo-Pacific, risks of war ‘significant’ — report

REUTERS

MELBOURNE — The coronavirus pandemic has weakened China’s power in the Indo-Pacific, and the region’s deepening security uncertainties present a “significant” risk of war, the Lowy Institute said in a report on Sunday.  

US allies in the region and key balancing powers such as India have never been more dependent on American capacity and willingness to sustain a military and strategic counterweight in response to China’s rise, said the Sydney-based foreign policy think tank.  

At the same time, Beijing has sought to dissuade Southeast Asian countries from joining the US coalition, while upgrading its military exchanges with Russia and Pakistan as well as North Korea and creating as such a formidable trio of China-aligned nuclear-armed powers in the region.  

“Whether the emerging balance of military power contributes to deterrence and strategic stability in the Indo-Pacific is an open question,” the report said.  

“The depth of hostilities, the breadth of US–China competition and the presence of multiple potential flashpoints means the risk of war is significant.”  

The impact from the pandemic has undermined the overall region’s prosperity, weakening China’s comprehensive power.  

“Beijing is now less likely to pull ahead of its peer competitor in comprehensive power by the end of the decade — this suggests that there is nothing inevitable about China’s rise in the world,” the report said. “It appears very unlikely China will ever be as dominant as the United States once was.”  

The think tank said Australia, whose relations with China have deteriorated significantly in recent years, has weathered China’s growing power better than most US partners — but is growing more reliant on Washington.  

In 2018, Australia banned Chinese tech giant Huawei Technologies Co from its 5G telecommunications network. Relations worsened last year when Canberra called for an independent investigation into the origins of the coronavirus, prompting a series of trade reprisals from China. — Reuters

SM Supermalls makes getting vaccinated more rewarding with #VacForGood promos

Because getting a ‘jab’ well done definitely calls for a celebration

Weekends with the family will be more fun to celebrate at SM Supermalls as its Vax, Shop, and Dine will be taking your bakuna benefits up a notch!

Vaccinated SM Supermalls shoppers will be treated to exclusive promos, deals, and freebies starting this Friday, December 3, until December 5 during the #VacForGood weekend. Over 2,000 stores and restaurants under the ongoing Vax, Shop, and Dine will be participating in this three-day all-out rewards program. What’s more, is that exciting deals are prepared for 12- to 18-year-old shoppers who have been fully vaccinated as well.

Celebrate a ‘jab’ well done and get a free meal or special combo deals or product bundles when you present your vaccination cards and valid ID in any participating restaurant like Blackbeard Seafood Island, Buffet 101, Vikings, Ramen Nagi, Marugame Udon, Max’s Restaurant, and Tim Ho Wan.

Enjoy an upsize or upgrade of your favorite drinks at Coffee Bean and Tea Leaf, Koomi, Buku Buku Kafe, and Macao Imperial Tea. You can also get 40% off when you shop at your favorite retail brands like Keds and Old Navy.

Apart from that, vaccinated shoppers can also get free premium items or big discounts from George Optical, Great Image, LOOK, Ideal Vision, and National Book Store.

“Now that Christmas is just around the corner, the best gift that our shoppers can give themselves and their families is the gift of protection from COVID-19. We highly encourage everyone to get vaccinated and reap its multitude of benefits and rewards, including our #VacForGood deals and promos made especially for them. We look forward to more families, friends, and loved ones coming in here and spending more time together,” said Steven Tan, SM Supermalls President

So, after getting your COVID-19 shot at SM, check out and enjoy your exclusive rewards and special treats at SM Supermalls! Or if you haven’t been vaccinated yet, register for a vaccine slot as soon as possible and don’t miss out on SM Supermalls’ exciting Vax, Dine, and Shop promos just for you!

For the full list of promos at SM, check out the SM Supermalls website. And for more updates, visit www.smsupermalls.com and follow @smsupermalls on social media.

 


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