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Cemex invests $235M in new cement line

CEMEX Holdings Philippines, Inc. has positioned its large heating device as it builds the cement production line that would add 1.5 million metric tons of cement to the firm’s annual capacity.

The company in a statement on Tuesday said it invested $235 million or P11.3 billion into the new cement line, which would increase output to 3.4 million metric tons a year.

The pyro-processing device called a rotary kiln would raise materials to high temperatures in order to create cement.

“This milestone demonstrates our full commitment to the development of the country and brings us closer to further strengthening our position in providing the infrastructure and building needs for economic development,” Cemex Holdings Philippines Chief Executive Officer and President Ignacio Alejandro Mijares Elizondo said.

The cement manufacturer reported that its profits in the third quarter 2020 grew more than eight times to P623.12 million from the same period last year after operating earnings improvement and foreign exchange gains.

Cemex, when it announced the expansion project in 2018, had said that it expected to start operations of the new line by the fourth quarter of 2020.

The company in May said that it resumed its Antipolo-based operations after the stricter lockdown earlier in the year suspended production. Earnings in the first quarter had dropped 47%.

Shares in Cemex closed at P1.41 apiece on Tuesday, down 1.40% or two centavos. — Jenina P. Ibañez

Shell’s solar farm now powers its Batangas import facility

PILIPINAS SHELL Petroleum Corp.’s solar farm in Tabangao, Batangas has been supplying power to the listed oil company’s import terminal since December, its top executive said on Monday.

In a virtual event with reporters, Pilipinas Shell President and Chief Executive Officer Cesar G. Romero said the solar facility, which is part of the import terminal’s integrated energy system, has produced more than 84,000 kilowatt-hours since it was commissioned last month.

The integrated energy system is expected to produce around 2,400 megawatts (MW) of energy, which could power more than 850 homes, the company previously said. It would also improve energy efficiency.

“The (solar) facility’s 5,220 panels with a peak capacity of 1.8 MW DC (direct current) will support 10% of Tabangao import facility’s annual power requirement, which may even reach 45% in the summer with an expected peak operation of the solar farm during the sunny months,” Mr. Romero said during the Shell Philippines Media Appreciation Event.

In August, Pilipinas Shell announced that it was permanently closing its 110,000-barrel-per-day Tabangao oil refinery as its operations were no longer economically viable and as margins worsened amid the global health emergency. The firm said that the facility would be converted into a world-class import terminal, which would supply fuel products in Luzon and northern Visayas.

In the third quarter, the company posted P7.5 billion in one-off charges after it permanently shuttered its refinery. The Tabangao import facility is one of its three terminals in the country.

“Late last year, we opened our third import terminal in Subic which, together with the Tabangao terminal in Batangas and the North Mindanao Import Facility in Cagayan de Oro, formed a robust supply triangle that maximizes our efficiency and strengthens the world-class supply chain network that we have in the Philippines,” Mr. Romero said.

During the event, he also gave updates on the growth of the company’s retail network amid the global health emergency.

“As of end-December 2020, we have over a thousand retail sites nationwide and with the increase in retail sales especially during the last quarter, it is reasonable to expect an additional 50 to 70 sites to open within 2021,” he said.

Shares in Pilipinas Shell inched down by 1.47% to finish at P20.10 apiece on Tuesday. — Angelica Y. Yang

FEU income rises nearly 28% as operating costs fall

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FAR EASTERN University, Inc. (FEU) posted a 27.8% increase in net income attributable to parent company equity holders to P589.33 million for its end-November quarter due to higher revenues and lower operating expenses.

In a regulatory filing, FEU reported a 6.8% rise in total revenues to P1.25 billion for the September-November second quarter. The listed educational institution’s fiscal year ends in May.

Its operating expenses dropped 7.3% year on year to P656.27 million from P708.27 million previously.

For the June-November period, the company said its attributable net income fell 10.8% year on year to P440.53 million from P493.96 million.

Its revenues for the period also declined 12% to P1.54 billion against P1.75 billion in 2019.

FEU said the decline in total revenues was due to lower enrollment during the midyear term and first semester.

“Moreover, tuition fee charges were discounted as all classes were conducted using online mode, as compared to the regular tuition fees for the traditional classroom instruction,” the disclosure said.

FEU’s operating expenses for June to November fell 15% to P1.09 billion against P1.28 billion in 2019.

The company said its operating expenses fell due to the decline in amounts incurred for salaries, employee benefits, utilities, communication, and material expenses.

“This resulted from the suspension of face-to-face classes and limited on-site work during the period,” the disclosure said.

For the first semester of school year 2020-2021, the company’s total student population reached 39,361, lower by 10.7% from 44,069 previously.

FEU said it expects to remain operationally stable until the end of the year, but projects a drop in revenues and net income.

“With the new coronavirus disease 2019 (COVID-19) pandemic currently affecting the Philippines and almost all countries around the world, the management recognizes the group’s exposure to the risks in its business environment,” the disclosure said.

“Particularly, the schools’ inability to hold face-to-face classes and the expected adverse economic impact on the general public’s household income are among the significant factors which lead to lower number of enrollments for the school year 2020-2021,” it added.

Despite the pandemic, FEU is “fairly optimistic” that operational stability will be continued for the rest of the fiscal year as long as cost optimization prevails, since the semestral schools open their second semester in late January 2021 and the continuous easing of economic restrictions.

FEU operates campuses in Manila, Quezon City, Cavite, and Alabang. It also owns FEU Senior High School in Manila and Roosevelt College in Marikina.

On Tuesday, shares in FEU at the stock exchange fell 3.45% or P20 to end at P560 apiece. — Revin Mikhael D. Ochave

BP’s Galvanized House: Melding dance with architecture

BALLET PHILIPPINES’ (BP) latest entry in its library of video collections shows the dialogue inherent between structures and people, as exemplified in a Filipino home.

The four minute short film is titled Galvanized House, a reference to the galvanized sheets used in the roofs of many of this country’s homes. Presentation notes read, “Galvanized House is a celebration of its rich cultural and eccentric tapestries of a Filipino home — with the everyday material of a yero (galvanized sheets) and the innate soulful Filipinos that bring together the love for music and a sense of community — this is the chant for 2021 uplifting the quality of life and happiness in spaces and we are giving it a new meaning with sensuality.”

Of course, this video was set not in any ordinary house. The BP OnStream Core Dancers, 10 of whom appear in Galvanized House, perform in Carlo Calma’s Infinity House, a finalist at 2019’s World Architecture Festival (WAF). The house itself becomes a character, taking into account how its construction appears almost alive, as if it had been moving and then frozen at just the right time.

The dancers appear in flesh-toned dance underwear, with their faces wrapped in sheer veils. In this attire, where their identities are conveniently concealed, they meld with the house, appearing as living statuary; as if they were part of the architecture themselves.

The house is strangely familiar and novel; and the same goes with the music. The performance is set to “Trioahatala” by Stimmhorn, a now-defunct band that experimented with traditional Swiss music, incorporating yodeling and horns.

The wild mixture of influences are of course reflected in the dance: definitely avant-garde, there’s a dancer miming a dog on the floor, then there’s running in place by the house’s sidewalk. Choreography credits in the video are given to Mikhail Martynyuk and E. Panfilov, the former serving as Artistic Director of Ballet Philippines.

It’s beautifully shot, the music continuing to play as shots of posed dancers are interspersed with their own frenetic movement. The dancers look like they]re having fun themselves; deceptively so. It ends with the dancers holding their own mouths shut, but not before a half-minute of orgiastic movement, showing off the dancers’ own fluidity. It feels lighthearted thanks to all the elements at play, but we suppose there’s always something beneath the surface. At only about four minutes long, it’s worth watching again and again.

Watch Galvanized House at https://ballet.ph/our-video-creations/galvanized-house/. — Joseph L. Garcia

Globe’s new unit ABSI hopes to earn P500M annually

ASTI Business Services, Inc. (ABSI), the first subsidiary of Globe Telecom, Inc.’s Asticom Technology, Inc., a shared services company, is hoping to break into the multi-billion peso shared services market, as it aims to earn at least P500 million annually, the Ayala-led telecommunications firm said.

“We are looking at an P11.25-billion market for the local IT-business service outsourcing (BSO) market in the Philippines alone. The market is currently dominated by international enterprises with in-house centers,” Globe said in an e-mailed statement.

The new business process solutions company is also hoping to penetrate bigger markets outside the Philippines, it added.

ABSI has at least 1,000 workers. The company expects to generate an income of “at least P500 million annually,” Globe noted.

“To do this, Asticom has set its sights on both the domestic and international markets,” it also said.

The telco announced the official launch of ABSI on Jan. 13. It said the company aims to provide enterprise services to telecommunications, financial technology, information technology, retail, health, logistics, automotive, banking, education, real estate, and aviation companies.

It will also focus on process optimization for front and back-end office functions in addition to IT-enabled services, such as web and mobile application development.

Meanwhile, Asticom, according to its website, offers payroll, staffing, and managed services. Its clients include AF Payments, Inc. Ayala Foundation, Eastern Communications., GCash, Globe, and Samsung. — Arjay L. Balinbin

Smart gets BTS as endorser

LOCAL telecommunications company Smart Communications has named K-pop boy group BTS as its newest endorser, continuing its trend of having popular Korean celebrities as brand ambassadors.

Prior to the announcement, Manny V. Pangilinan, chairman of the company, posted a cryptic Facebook post saying, “You asked for it, we’re giving it to you. Watch out for the event partnership of the year at 5 p.m.” The text was followed by a green heart and a purple heart which gave some fans of the group hints that the biggest K-Pop group would be the Smart’s newest endorser. Purple is the band’s official color and green is Smart’s color.

The 5 p.m. reveal showed the Grammy-nominated group in a 30-second clip announcing that they are joining the Smart fold. The group’s first campaign is set to be released in the first quarter of the year with a focus on inspiring “the Filipino youth to keep pursuing their Passion with Purpose,” said a caption on the launch video.

“Aside from their remarkable talent, BTS emerged as the biggest band in the world because of their meaningful and uplifting music that brings hope and encouragement to fans especially in the bleakest of times. It is therefore a big honor to welcome BTS to the Smart family so we may inspire more Filipinos to find purpose in everything they do and ultimately live Smarter for a Better World,” Alfredo S. Panlilio, president and CEO of Smart, said in a statement.

Smart previously tapped Korean actors Hyun Bin, Son Ye Jin, and Park Seo Joon to represent the company.

BTS is widely considered the biggest K-pop group to date, with hit songs “Dynamite” and “Boy With Luv” successfully charting in the Billboard Hot 100 charts with the former debuting at No. 1.

The band was also nominated for Best Pop Duo/Group Performance at the 63rd Grammy Awards.

“We’re here to support Smart’s goal to inspire our Filipino fans to live their lives with passion and purpose … no matter the challenges that lie ahead,” the group said in the launch video.

“Just like BTS who are able to inspire millions of young people all over the world through their music, Smart Prepaid aims to bring about amazing experiences to the Filipino youth through technology to make life easy, fast, and simple. This way, the young generation are empowered to immerse in their interests and succeed with their pursuits,” said Jane J. Basas, Smart SVP and consumer wireless business head in the same statement. — ZBC

Maynilad opens P70-M water laboratory

WEST ZONE water concessionaire Maynilad Water Services, Inc. announced the recent opening of its P70-million water laboratory that will test water quality and wastewater effluents in its concession area.

In a statement on Tuesday, the water provider said its new water laboratory is situated inside the La Mesa Compound in Quezon City and has analytical instruments that can be used to study compounds in water samples taken from more than 1,100 sampling points.

Maynilad President and Chief Executive Officer Ramoncito S. Fernandez said the new water laboratory has allowed the company to save money on water quality analyses.

He added that the new facility has improved Maynilad’s capability to conduct water testing and treatment.

“This is important because we want to assure our customers that the water and wastewater produced by our treatment facilities pass the government’s strict standards,” Mr. Fernandez said.

Aside from water quality, Maynilad said the new water laboratory also tests effluents of its wastewater treatment facilities to ensure that standards set by the Department of Environment and Natural Resources are met and maintained.

Further, the company said the water laboratory is equipped with instruments that allows Maynilad chemists to check and measure organic compounds and other by-products that may be present in bodies of water.

Maynilad provides water for areas in the west zone of the National Capital Region, namely: Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas, Malabon, Manila, Makati, and Quezon City; and parts of Cavite province, including Bacoor, Imus, Kawit, Noveleta, and Rosario.

Metro Pacific Investments Corp., which has a majority stake in Maynilad, is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has interest in BusinessWorld through the Philippine Star Group, which it controls. — Revin Mikhael D. Ochave

Gov’t makes full award of Treasury bonds

THE GOVERNMENT fully awarded the Treasury bonds (T-bonds) it offered on Tuesday as rates dropped amid strong investor demand.

The Bureau of the Treasury (BTr) borrowed P30 billion as planned via the reissued 10-year T-bonds it auctioned off on Tuesday as the offer was nearly three times oversubscribed, with total tenders reaching P82.587 billion.

The bonds have a remaining life of six years and three months and carry a coupon rate of 4.75%. 

The reissued 10-year securities fetched an average rate of 2.719%, down 7.2 basis points (bps) from the 2.791% quoted at last month’s auction of the same bond series.

The Treasury also opened its tap facility to raise another P10 billion via the tenor to take advantage of the low average yield seen yesterday.

National Treasurer Rosalia V. de Leon said investor demand was strong as the market continues to hunt for higher returns.

“The auction saw interest on the intermediate part of the curve driven by search for yields,” Ms. De Leon told reporters via Viber after the auction on Tuesday.

Meanwhile, a bond trader said the 10-year tenor’s average rate fell at the lower end of the projected range as investors continued to prefer to put their excess cash on bonds with shorter tenors.

“For the bond auction, the rates were lower than market expectations. The bids were nearly three times oversubscribed, slightly lower because the market still prefers shorter tenors over long-dated ones. The preference was likely due to the clients’ demand,” the trader said by phone after the auction.

The Treasury plans to borrow P140 billion from the local debt market this month: P80 billion via weekly auctions of Treasury bills and P60 billion from fortnightly offerings of T-bonds.

It has been making full awards and even opening its tap facility during its previous auctions as demand continued to soar amid strong liquidity in the financial system.

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

3 lessons from musical improvisation to help navigate 2021

THERE is no doubt that we live in challenging times. But challenges can also lead to opportunities and lessons about how we might live our lives differently. Referencing the life-changing moment in which we are living, author and activist Arundhati Roy writes: “Historically, pandemics have forced humans to break with the past and imagine their world anew. This one is no different. It is a portal, a gateway between one world and the next.”

Music, too, has long been an important catalyst for imagining, and indeed often enacting, new ways of living together in the world. Social theorist Jacques Attali famously wrote in his book Noise about music’s ability to foreshadow “new relations among people.”

At this time when we’re being asked to shelter in place, when concerts and festivals have been canceled and the ability of musicians to earn a living wage has been severely diminished, so many musicians and arts presenters have responded in creative ways or offered up new creative works that encouraged us to imagine the world anew.

As a musician and professor with the International Institute for Critical Studies in Improvisation (IICSI) at the University of Guelph, I helped organize a 24-hour online improvisation festival (IF) in August 2020.

Beyond jazz or theatrical improvisation, our festival showcased an entire diversity of live arts improvisation. We featured a range of performances charged with the momentum of surprise and sudden inventiveness. We put our spotlight on artists engaged in real-time creative decision-making and risk-taking. These artists made use of the tools at hand in the arenas open to them in order to imbue the world with the possibility to make positive things transpire. IF 2020 featured over 150 artists, including musicians, spoken word poets, dancers, theater performers and multidisciplinary practitioners from more than 25 countries.

Our all-night celebration of the arts showcased a wide range of short improvisational performances captured in response to the coronavirus disease 2019 (COVID-19)  pandemic. The festival was presented by our improvisation institute in partnership with festivals and community organizations around the world. Through this event, we offered a compelling alternative for people to come together and find solace and inspiration through art. As we enter a new year (and with it, we hope, a post-pandemic landscape) there is, I believe, much about improvisation that can inspire us.

Improvising musicians in particular, working without a written score or script, have shown us throughout the pandemic, as before, how they use the resources at hand to envision something new, even in the most challenging circumstances.

Many artists featured during our festival were prompted to look anew at the potential of everyday objects in their homes. Without a drum set at hand, the Japanese musician Natsuki Tamura hit a wok and mixing bowl in his kitchen and found, as he noted: “They sounded very good.”

Canadian vocalist Carey West and her husband Jeff Wilson, a drummer and percussionist, also found themselves in the kitchen. They turned cleaning up into an impromptu performance for found percussion and voice that aptly expressed the tension (but also the comfort) experienced by families as they negotiate close quarters during lockdown.

Amidst the unprecedented global challenges caused by the COVID-19 pandemic, music has offered us some inspirational lessons about resourcefulness, resilience, and hope.

While many of us rediscovered nature during the pandemic, improvisers such as Canadian jazz saxophonist Jane Bunnett used its sounds and movements to animate their art.

American drummer Jimmy Weinstein and Italian singer Lilly Santon used the sounds of the wind and the sea in an improvised duo performance set amongst the architecture of Daniel Libeskind at Studio Weil, overlooking the Mediterranean Sea in Port d’Andratx on the island of Mallorca in Spain.

These artists, like many others during our festival, expressed the renewed joy found in the beauty of, and musical collaboration with, forests, water, insects, birds, flowers and wind. They asked us to heighten our awareness, to listen more deeply to sounds, and even silences, that suffused skies and traffic circles globally as lockdown immobilized people. Their soundscapes often attempted to suggest sonically that everything had changed.

The pandemic has underscored the ways in which human connection is critical to our well-being. At our festival, we also learned about the role improvisational artistic practices can play in modeling alternative ways of being together and collaborating in community, even while apart.

One of our featured partner organizations, Nameless Sound, presented material from a program they launched in Houston, Texas, where improvising musicians can be scheduled to perform experimental music from a safe distance in front of your home.

When we feel the weight of being unable to hug our family members or to share a meal with friends, our festival taught us that we are still able to forge connections and community across physical and temporal divides. We saw the vital ways in which the arts can offer hope, solace, comfort and togetherness.

I’ve long believed that festivals are more than just about programming. As we learned through IF 2020, they can be opportunities to test new ideas, to reinvigorate public life with the spirit of dialogue and community. They can help us sound the possibility of new ways to live together.

It’s not always comfortable to let go of what we know and expect, to abandon the tried and true. We tend to privilege how and what we know already over surprise. Coming together in creative ways enables new possibilities.

In challenging us to adapt to unprecedented circumstances, the current moment has offered us a call to action.

What if, taking our cue from improvising artists, we could be inspired to mobilize the resources at hand? What if, as we look forward to the unknowns of a post-pandemic landscape, we could learn to unleash the capacity to celebrate the creative allure that resides in the snap of the new and untried, in the sparkle of provocation, in the prod of what it might mean to imagine the world afresh?

If there has ever been a moment in our history that demands improvisation, surely we are living it.

Ajay Heble is a Professor at the School of English and Theater Studies of the University of Guelph.

Aboitiz group to donate more vaccine doses

THE ABOITIZ group has committed to donate additional vaccine doses for the second wave of the tripartite initiative among the private sector, the government and UK-based AstraZeneca plc, it said on Tuesday.

The program dubbed “A Dose of Hope” aims to bring in 3 million more vaccine doses on top of the 2.6 million doses that were pledged in November. The initiative aims to inoculate as much as 70 million Filipinos in 2021.

The Aboitiz group joined more than 300 companies and around 40 local government units in forging the deal during a virtual signing ceremony on Thursday, it said in a press release.

“We are thankful to the Aboitiz Group for continuously supporting the government’s immunization initiatives. You have been there from day one, ensuring that our fellow Filipinos get the much-needed help in this time of crisis. This is a strong manifestation of leadership that goes beyond profits,” Carlito G. Galvez, Jr., the government’s “vaccine czar,” was quoted as saying.

He noted the importance of the role of the private sector and local governments in the national immunization program.

To date, the Aboitiz group placed its total contribution to the national COVID-19 response efforts at around P2.2 billion.

“The Aboitiz Group stands behind this national collaborative effort to protect Filipinos from COVID-19 while ensuring that we keep our economy running. We will continue to respond where our help is needed as our country moves forward to a better normal,” said Sabin M. Aboitiz, president and chief executive officer of Aboitiz Equity Ventures, Inc.

British drugmaker AstraZeneca has rolled out a zero-profit program, which sets the price of its vaccines at the lowest possible rate. Its vaccine is estimated to cost around P500 or $10 for two doses. — Angelica Y. Yang

Arts & Culture (01/20/21)

Online upcycling workshop

IN LINE with its ongoing exhibit “Cone of Concern,” the first solo exhibition of the South Korean artist Haegue Yang, the Museum of Contemporary Art and Design of the De La Salle-College of Saint Benilde presents an online workshop, free and open to the public. Professional industrial designer and illustrator Manuel Dacanay will guide participants on how to transform day-to-day equipment into sculptural and decorative yet functional pieces in a class on upcycling domestic objects, scheduled on Saturday, Feb. 20, at 1 p.m. A model maker for various design and advertising agencies and an expert in both traditional and computer aided modeling, he will elaborate on the importance of creative consumption and the object’s history to better transform it into a new work of art. He is also an instructor in the Industrial Design program of the college’s School of Design and Arts. For more information on the guidelines for the workshops and to discover more about the exhibit and its corresponding public programs, visit www.mcadmanila.org or follow @MCADManila on social media platforms.

Betsy Westendorp at the Met Museum

THE METROPOLITAN Museum of Manila presents “Passages,” a retrospective exhibition of Spanish artist Betsy Westendorp. A Filipino by virtue of her marriage to the Spanish-Filipino Antonio Brias, Ms. Westendorp has spent more than half her lifetime in the Philippines making art. The retrospective’s  title “Passages,” alludes to her departure from her home country upon her marriage, commencing what would be a lifetime relationship with the Philippines, leading to her self-definition as a woman, a wife and mother, and artist. Over 100 artworks spanning more than 60 years of Ms. Westendorp’s painting career form the retrospective collection curated by Dannie Alvarez, and featured in a catalogue written by art critic Cid Reyes. Her body of work consists of portraits of the society elite of Madrid and Manila, her landscapes of Philippine terrain, seascapes of Manila Bay, her colorful celebration of Philippine flora, in particular the various species of the native orchid, and, literally in the sunset of her years, the grand symphonic cloudscapes across Philippine skies. The exhibit will be on view at the Ground Floor Galleries of the Metropolitan Museum from Jan. 29 to March 15. A Virtual Opening and 3-D Virtual Tour will be held on Jan. 29. Also opening on Jan. 29 is “In Full View: The Metropolitan Museum of Manila Collection and Archives,” a visual narrative and documentation of the 45-year history of the museum as a cultural institution. The collection of works gathered through the donation of friends and patrons of the Met Museum over time presents a parallel narrative to the development of Philippine art in recent years, with works by modern and contemporary artists from the Philippines and abroad. New acquisitions from 2020 include Rico Lascano’s Spatium Divinae II (2018). The exhibit will be on view at the museum’s Upper Galleries from Jan. 29 to March 15.

BPOnStream holds masterclass

BPOnStream will hold a masterclass with Tina Pereira on Jan. 20, 10 a.m. Ms. Pereira is First Soloist of The National Ballet of Canada. Tina Pereira was born in the Port of Spain, Trinidad and trained at Canada’s National Ballet School. She joined The National Ballet of Canada in 2001, leaving in 2004 to dance with Het Nationale Ballet. Ms. Pereira re-joined The National Ballet of Canada in 2006 and was promoted to First Soloist in 2009. In 2007, Ms. Pereira won The Seventh International Competition for The Erik Bruhn Prize and was invited to perform “Prokofiev Pas de Deux” at the New York debut of Morphoses. Registration is free at ballet.ph.

Muni-Muni Stories episode 8 out

FILIPINAS Heritage Library and the OPM  (Original Pilipino Music) Archive present the latest episode of the MUNI-MUNI STORIES: A Podcast on Filipino Music. Episode 8 features Raymund Marasigan discussing the song “Betamax.” The podcast will be released on Jan. 22, 6 p.m., on Spotify. It will also be available on Apple Podcasts. In the episode, Mr. Marasigan explores the role of places in music. Place-names abound in lyrics and album titles by his many bands Sandwich, Pedicab, Basement Lung, Cambio, and the Eraserheads. The exchange on the highlighted song “Betamax” pays tribute to Sandwich’s OPM heroes. Raymund ponders the lesson of moving forward in creativity as in life journeys. For updates regarding the episode upload schedules, visit Filipinas Heritage Library and the OPM Archive websites.

Silverlens joins S.E.A Focus 2021

SILVERLENS has announced its participation in S.E.A. Focus 2021 with a dual presentation of news works by Philippine artists, Gregory Halili and Pow Martinez. This marks the gallery’s second entry into the Southeast Asian initiative, in both their digital and physical offerings, S.E.A. Focus Digital and S.E.A. Focus Curated respectively. S.E.A. Focus Digital will be an online platform moderated by Artsy, enabling the art fair to reach a global audience with a seamless discovery-to-collection experience. Alongside this online edition, S.E.A. Focus Curated will be showcased onsite in Tanjong Pagar Distripark, Singapore, in an exhibition entitled “hyper-horizon.” Although contemporaries, Halili and Martinez have different approaches in their art making, and thus have contrasting bodies of work. While the former favors cool-toned miniature works executed on natural materials, the latter prefers completing colorful compositions on large-scale canvases. S.E.A. Focus Digital and S.E.A. Focus Curated, “hyper-horizon” will be open to the public from Jan. 22-31. Meanwhile, on view at Silverlens’ Online Viewing Room are eight new works by Ryan Villamael. Culled from the artist’s “Vista” series, which he began while in lockdown, these delicate pieces depict a world beyond an enclosed space, beyond restriction. Moved by his surrounding environment — including Laguna de Bay — Villamael reacquainted himself with painting, a medium he has eluded since youth, to transport his viewer through a string of evocative landscapes.Vista” is on view until Jan. 28. For details visit www.silverlensgalleries.com.

Zobel photos, Orlina glass highlights in Leon Exchange online auction

LEÒN Gallery will hold the Leòn Exchange Online Auction 18 on Jan. 23 and 24, starting at 11 a.m. The weekend event features art, prints, jewelry, and watches on Day 1: The Collector’s Vault, and furniture, objets d’art, silver, glass, porcelain, and china on Day 2: The Heiress’ Homes and Tables. Top-billing the art are three lots of unconventional flower and plant photos by business tycoon and master photographer Jaime Zobel de Ayala, and three glass sculptures by Ramon Orlina, who pioneered the use of Asahi glass in art-making and is widely regarded as “Father of Philippine Glass Sculpture.” Also on the auction block are works by Napoleon Abueva, Eduardo Castrillo, Arturo Luz, and Vicente Manansala alongside pieces from Pacita Abad, Angelito Antonio, Norma Belleza, Prudencio Lamarroza, and David Medalla. Works from contemporary artists such as Pam Yan Santos, Geraldine Javier, Kawayan de Guia and Max Balatbat are also up for sale. Also part of this online auction is Albert Garcia’s entire collection of Asian antiques and ephemera. View the catalog online at www.leon-gallery.com/e-catalog or download the catalog at www.leon-gallery.com/download/catalog. To join the auction, go to www.leonexchange.com and register as a buyer. Visit www.leon-gallery.com or contact info@leon-gallery.com or call 8856-2781 for more information.

CCP launches literary e-book on COVID-19

THE CULTURAL Center of the Philippines, through its Intertextual Division, launches the In Certain Seasons: Mothers Write In The Time of COVID e-book on Jan. 23, 2 p.m, via the official Facebook pages of the CCP, the CCP Intertextual Division FB page, and the Philippine PEN. Edited by Che Sarigumba and Jenny Ortuoste, the e-book features 41 literary pieces, focusing on their experiences during the coronavirus disease 2019 (COVID-19) health crisis, quarantine, isolation and healing. The project highlights the work of Kora Dandan Albano, Nikki Alfar, Merlie Alunan, Alma Anonas-Carpio, Lualhati Bautista, Adelle Chua, Jhoanna Lynn B. Cruz, J. G. Dimaranan, May Dolis, Heidi Emily Eusebio-Abad,  Babeth Lolarga, Liwliwa Malabed, Banaue Miclat-Janssen, Lee Sepe, and Neni Sta. Romana-Cruz, among many others. The e-book also contains artworks by Imelda Morales, Jenny Ortuoste, Kora Dandan Albano and Chua Keng Keng–Lua. Together with the Philippine PEN, the book project aims to understand the importance and the role of women, specifically mothers, and their literature during the global crisis, and promote the narratives of women who are mothers, highlighting that women can be both child-raisers and artists amid the struggles of being a parent. The e-book will be accessible to the public and will be available for free download. For a free copy of the e-book, visit the CCP Intertextual Division FB page or send an e-mail to ccpintertextualdivision@gmail.com or text 0919-3175708.

UnionBank launches app for MSMEs

UNIONBANK of the Philippines, Inc. unveiled a one-stop app for micro-, small-, and medium-sized enterprises (MSMEs) where they can manage their financial operations digitally as businesses move forward in the “new normal.”

The app will help the bank achieve its “moonshot goal” to serve a million MSMEs, UnionBank President and Chief Executive Officer Edwin R. Bautista said during the virtual launch of the app on Tuesday.

“So far we already have 175,000 MSMEs [across our platforms]. [Our goal] is an ambitious number, but we believe it is doable,” Mr. Bautista said.

“What we’ve done is that we’ve digitalized that [onboarding] process so that you can enroll your account and set up all your requirements at the safety of your home and we facilitate those requirements, so that in a matter of hours, you would already be able to use your online banking account,” Antonio Miguel D. Dans II, UnionBank vice-president and lead product manager for Business Banking, said.

A certification from the Department of Trade and Industry is the only documentary requirement needed by MSMEs that operate as sole proprietors, said Jose Paulo R. Soliman, vice president of the bank’s SME segment.

Meanwhile, companies that are established in a corporate setting need to prepare their Securities and Exchange Commission certificate, Board Resolution, among others.

The app features a multi-factor authentication method that allows the use of biometric security and one-time pins. It is also customizable to cater to the specific approval processes of businesses.

It likewise allows for multiple company management for business owners who have different enterprises, Mr. Dans said.

The app performs SWIFT transactions where the codes of foreign banks are already provided for those who have to settle international payments.

“As the country continues to recover, Philippine SMEs need innovative, convenient, and secure banking solutions. Through our platform, we want to empower them to bank the way they want and according to what their business needs,” Mr. Soliman said.

A Business Starter account with the lender’s business banking segment requires an initial deposit and minimum balance of P5,000. Meanwhile, the Business Check type requires an initial deposit and minimum balance of P100,000.

UnionBank’s net profit reached P4.2 billion in the third quarter of 2020, increasing by 11% from the P3.79 billion booked a year ago. This brought its nine-month income up 0.9% to P8.56 billion from P8.482 billion in the same period of 2019.

Shares in the Aboitiz-led lender closed at P71.10 apiece on Tuesday, up by 10 centavos or 0.14%. — L.W.T. Noble