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EDC puts up temporary power in typhoon-hit Bicol areas

GEOTHERMAL company Energy Development Corp. (EDC) has started providing 20 to 40 megawatts (MW) of temporary power to Albay and Sorsogon provinces after the Bicol region was hit by Super Typhoon Rolly on Nov. 1.

EDC’s Bacon-Manito geothermal facility worked with Sorsogon I Electric Cooperative, Inc.; Sorsogon II Electric Cooperative, Inc.; Albay Electric Cooperative, Inc. to serve their power needs even without a power supply agreement with them, the Lopez-led company said.

The move, which also covered some of the larger commercial establishments in Albay and Sorsogon, is with the support of privately led grid operator National Grid Corporation of the Philippines (NGCP), it added.

“We express our deepest gratitude to NGCP for making it possible for us to energize our two host areas that have about 400,000 households and a population of about two million,” said Liberato S. Virata, EDC engineer, senior vice-president and head of the company’s facilities O&M group, in a press release over the weekend.

Since Nov. 1, the two provinces have been without electricity after power lines and facilities were damaged by the typhoon.

Aside from temporary power, EDC is also providing more than 2,300 sacks of rice to both provinces as well as Catanduanes and Camarines Sur. It is distributing food packs and bread to severely affected families in Guinobatan, Albay in partnership with the Lopez Group Foundation, Inc.

“Through this initiative, we hope to help our local communities recover from the damages caused by Super Typhoon Rolly and from the impact of the COVID-19 pandemic,” Mr. Virata said.

EDC said BacMan’s temporary power for Albay and Sorsogon will revert to the normal setup and operations once the NGCP grid line from Naga to Daraga has been restored and power is once again supplied from the grid.

EDC, with its subsidiary Bac-Man Geothermal, Inc., operates the 140-MW Bacon-Manito geothermal facility that spans Manito in Albay and Bacon in Sorsogon. It supplies clean and reliable power to the Luzon grid and to retail electricity customers.

EDC has more than 1,200 MW of installed geothermal capacity, which accounts for about 62% of the country’s geothermal capacity.

A different Mazda MX-5 experience

The world’s favorite two-seater is now more bespoke

THE EVER-CHARISMATIC MX-5 — often fondly referred to as the Mazda Miata by many — is quite a magical car. Historically, it revived the world’s passion for roadsters at a time when its kind was dying out. That is, thanks to the brilliant, Japanese-born Tom Matano aka “Father of the Miata,” who had the ingenious concept of creating an affordable, open-top roadster that brought people joy because of how fun it was to own and drive.

In 2000, the Mazda MX-5 became the world’s best-selling two-seater sports car. Unsurprisingly, some, 853 units have been sold in the Philippines since 2014 — making our homeland the country with the largest population of MX-5s in Asia outside of Japan.

And it is for this very reason — being part of a population that fiercely loves open-top sports cars, despite the economic situation our country may find itself in — that Mazda headquarters agreed for the Philippines to be the first country in the world to announce the small car company’s newest program for the MX-5’s 2021 model: Mazda’s Premium Automotive Experience.

Under this new program, customers will be offered the pleasure to “build” their own MX-5. What this means is that MX-5 owners-to-be will now have the freedom to choose from 78 combinations of car options — to better cater to their personality. Previously, there were more limited specifications for the roadster locally available, depending on whether you would go for the manual or automatic variant. Anecdotally, there have been customers who wished they could avail of a manual MX-5, but rather in combination with a higher-spec interior that would include say, Nappa leather. And well, now you actually can!

Mazda Philippines also announced the introduction of its newest, premium body color to the local market: Deep Crystal Blue Mica, which is set to replace its previous shade of blue. Therefore, customers can now avail of a premium-grade, soft-top manual MX-5 that comes with black leather or Nappa leather, together with a dark-cherry-colored soft top, if he wanted to. The RF models can now also be ordered to come with either a body-colored top or a black-colored top. Of course, all MX-5 units still come with the previously available safety assist technologies such as Lane Departure Warning and Smart Brake City Support.

The Build Your Personal MX-5 Program already begins this November, applicable to the 2021 MX-5. Obviously, pre-ordering the car set to your specs (within the allowed options to choose from) will be necessary, with a waiting time of around four to six months from order to delivery. All MX-5 units are completely built in Hiroshima, Japan, and will require some time and love to produce the cars meeting the customers’ specified transmission, exterior color, interior trim, soft top or retractable fastback (RF), and color of top.

The 2021 MX-5 units offer premium-grade, six-speed manual transmission, soft-top variants as among the new choices. This will include red Nappa or premium black leather interiors, a nine-speaker Bose sound system, Bilstein dampers, and front strut bars.

“Good design lasts forever!” pointed out Mazda Philippines President and CEO Steven Tan, further highlighting that Mazda is known for its beautifully designed, meticulously engineered cars that ooze with premium quality.

He also explained that by giving customers the opportunity to personally design and customize their very own MX-5 cars with Mazda’s interactive, online and showroom ordering guide, their clients “will surely feel an even deeper and longer-lasting bond with their cars. This is a privilege previously found only in luxury sports car brands. And now, we make it available to Mazda clients who wish to create an even more personal MX-5 to suit their personality.”

Ordering a personalized MX-5 soft top will cost anywhere from P1.98 million to P2.26 million, while a personalized RF may cost from P2.29 million to P2.39 million.

Emotional cars were never really a commodity — as can be seen in the Mazda MX-5’s sales figures, which remain robust amid the ongoing economic challenges of the pandemic.

Agri dep’t to launch internship program for technical experts

THE Department of Agriculture (DA) will hire technical experts as interns as part of an agreement with the Department of Labor and Employment (DoLE) in order to address the need for more agriculture professionals, the Labor department said.

In a statement Sunday, the DoLE said the memorandum of agreement will result in the hiring of “hundreds of technical and agricultural biosystems engineers and graduates” by the DA in order to “fill the gap in the demand for the professions in agriculture.”

DoLE said these professionals will be employed under the Government Internship Program, running three to six month, with interns to be paid the prevailing minimum wage in their regions.

According to data from the Bureau of Local Employment, around 1,000 new agricultural and biosystems engineering graduates are expected to enter the labor market. The bureau also reported hard-to-fill jobs in agricultural economics, animal husbandry, aquaculture, among others.

DoLE said many professionals “prefer to work abroad, seek higher pay or have problems with work schedule or location.”

Labor Secretary Silvestre H. Bello III said addressing the demand for manpower in the agribusiness sector will help eradicate poverty in the agriculture industry.

“From the labor and employment perspective, the development of the rural sector is crucial first step for the country to provide more and better jobs for the poor. Three quarters of the poor are found in the rural areas and agriculture employs most of the poor, which means agriculture plays a key role in efficiently reducing poverty,” he said in the statement. — Gillian M. Cortez

Exciting time for skincare enthusiasts

By Zsarlene B. Chua, Senior Reporter

SPENDING months mostly indoors has inspired many people to take stock and make improvements on their skincare routines, especially now that skincare is widely considered as a form of self-care.

The past few weeks have been pretty exciting for skincare enthusiasts as established skincare brands have either launched new products or are making a case for why you should choose their products. This is a short rundown of new launches, promotions, and holiday bundles you might consider adding to your routines.

(NOTE: I have been sent some products and while I do intend to review them, I haven’t gotten around doing so because this writer typically takes at least a month to see if the product works or not.)

ELLANA COSMETICS
Local beauty brand Ellana Cosmetics, known for its skin-caring, clean, vegan, and cruelty-free cosmetics, has now expanded its line to include skincare products promising “clean, conscious, and concentrated products,” according to a press release.

The line is said to be made “with the latest in Korean technology” and features serums and serum sprays made from “pure extract bases,” to ensure “maximum amount of skincare results without buffers or ‘fillers.’”

The serums from the line are: Glass-C Skin Brightening Serum (P1,000 for 50 ml) which contains “74.6% Sea Berry Extract and 15% Ascorbic Acid.” The brightening serum is said to promise brighter, “glass skin” — skin that looks clear, poreless, and dewy, evoking a clear piece of glass — over time. The sea berry extract is said to protect against aging because of its mineral and phytonutrient-rich profile, while ascorbic acid (Vitamin C) is meant to fade dark spots, protect against environmental stressors, and promote collagen production. The serum also contains Niacinamide that helps with hyperpigmentation and includes lavender and chamomile to “reduce reactivity and ensure your skin is less prone to irritation.”

I will do a short review on this product because I have been using it for more than two weeks now.

It is not bad for its price, especially considering its size and the ingredients in it. It comes in an amber glass bottle with the longest dropper I’ve seen so far in a serum bottle, which I do appreciate because it ensures that I can get every single drop.

Since it has a pretty high concentration of Vitamin C, the amber bottle is non-negotiable because Vitamin C does oxidize very quickly when exposed to light.

If it’s your first time using a Vitamin C serum, here are two tips: you will experience tingling for a few days to a week once you start using it because your skin is acclimating, the tingling should be mild and if ever you feel the tingling is unbearable, please stop using it. The second tip is to apply it in the morning (to take advantage of the environmental protection) and to use sunscreen (SPF 30 is good but 50+ is better) because Vitamin C can make the skin more prone to sun damage.

In all, this is a good serum because it doesn’t have a strong fragrance and the watery texture makes it perfect for those with oily or combination skin, although I like it as well even if my skin is normal-dry.

The next Ellana Cosmetics serum is the Cream Skin Hydrating Serum (P1,000 for 50ml). It is made of a vegan alternative to snail mucin and is intended for those with dry, textured, sensitive skin. It has “89% Wild Yam extract,” said to protect the skin from irritation and provides “intensive hydration,” and Panax Ginseng Root to protect the skin from stress and further damage.

While I haven’t tried this serum yet (and I will, once I finish with my current hydrating serum), I am very excited to do so because hydration has always been a priority of mine. A note though, when putting on hydrating serums, make sure that you use a hydrating toner first and that your skin is moist (not wet) before using the serum because in my experience, putting hydrating serums on dry skin makes the serum pull out moisture from the skin and dry it further, and we don’t want that since the whole point is to introduce more moisture and not take it away.

The final serum in the lineup is the Clear Skin Clarifying Lightweight Face Oil for Oily Skin (P1,000 for 50ml). This clarifying oil serum fights pimples and redness thanks to a concentrated botanical blend of Boswellia serrata extract to reduce redness and inflammation, and grapeseed oil to treat microbes that cause blemishes.

Here’s a tip for those who are suffering from inflamed, irritated skin: temporarily replace your facial wash with a colloidal oatmeal wash — where you soak traditional oats (not instant) in water overnight and use the water to wash your face (let it stay for a seconds before wiping gently) in the morning and at night — the wash protects the skin from more irritants and harsh surfactants the facial wash may have. After cleansing with this oatmeal wash, you can introduce the clarifying serum, a moisturizer, and sunscreen in the morning.

Aside from serums, Ellana Cosmetics also introduced two serum sprays: Uplift Hydrating Niacinamide + Vitamin C Serum Spray and Unwind Clarifying Green Tea + Tea Tree Serum Spray (both at P799 for 60 ml). Both sprays promise hydration and brightening and clarifying in a convenient spray bottle.

Of all the Ellana skincare products they released, this is probably the line that doesn’t excite me, mostly because a face mist for P799 is too much despite saying it’s a serum. The thing about face mists is that it refreshes the skin but does not offer a lot of skincare benefits because a spray releases a very small amount of product and most of it does not even land on your face. But then again, my rule in skincare is if it makes you happy and if you feel it adds something to your routine, and as long as it’s not damaging, go ahead because skincare is personal and it can be different for different people.

All in all, this is a solid first skincare launch and I do appreciate the accessible price point, the packaging and the overall promised skincare benefits.

The Ellana Cosmetics skincare line is currently at 15% off on the Ellana Cosmetics website www.ellanacosmetics.com as an introductory offer. The brand plans to hold a sale on Nov. 11.

CETAPHIL BRIGHT HEALTHY RADIANCE LINE
US skincare line Cetaphil, known for its gentle products, has launched a new line of products focused on this year’s most popular skincare ingredient: Niacinamide.

(If you noticed, Ellana Cosmetics also has several products with Niacinamide, as do several other skincare brands.)

If 2019 was the year of Hyaluronic acid and hydration, this year is all about brightening as Niacinamide is touted to be able to do.

Called the Bright Healthy Radiance Line, the new line includes seven products: Brightness Reveal Creamy Cleanser (P480 for 100g), Brightness Refresh Toner (P725 for 150ml), Daily Brightening Protection Cream SPF15 (P1,035 for 50g), Brightening Night Comfort Cream (P1,035 for 50g), Brightening Lotion (P1,035 for 245ml), Brightness Reveal Body Wash (P679 for 245ml), and Brightness Reveal Bar (P363 for 100g).

First of all, I really appreciate such a complete line of face and body care products, and secondly, I’m so excited that Cetaphil has finally expanded its repertoire from the usual gentle cleansers and creams.

Cetaphil has always been my go-to skincare product, especially in the mornings when I require a gentle cleanser, and I am looking forward to trying the new products.

A piece of advice for those who will be buying the Daily Protection cream, while it has SPF, I would still recommend using an SPF50 sunscreen because SPF15 is not nearly enough to protect your skin from sun damage. Yes, even indoors.

The Cetaphil Bright Healthy Radiance is available in Lazada and Shopee.

KIEHL’S HOLIDAY GIFT SETS
It’s that time of the year when American skincare brand Kiehl’s comes out with limited edition packaging of its best-selling products and promotes its gift sets. This year’s designs are crafted by Lyon-based graphic artist and illustrator Maite Franchi, known for her colorfully bold and graphic designs.

The Kiehl’s special packaging features Ms. Franchi’s colorful style, presenting vibrant and playful depictions of Christmas ornaments and symbols and a dancing Mr. Bones clearly infected with holiday cheer.

The gift sets start at P800 for a bath and body set and can go up to P6,895 for its Radiant Essential package which includes the Powerful Line-Reducing Concentrate 50ml, Powerful Line-Reducing Eye and several deluxe samples.

This writer’s personal favorites from the brand are the Midnight Recovery Concentrate, the  Creamy Eye Treatment with Avocado, and the Powerful Line Reducing Concentrate.

Kiehl’s also opened a pop-up store in Bonifacio Global City (BGC) at One Bonifacio High Street for those who want to see the gift packs in person before purchasing.

Starting Nov. 1, Kiehl’s is giving away a free Ultra Facial Oil-Free Gel Cream for the first 50 customers who purchase P5,000 worth of Kiehl’s products. The next 150 customers will get a deluxe lotion hand and body set, while the first ones to visit the BGC pop-up store can get first dibs at the Kiehl’s Holiday Advent Calendar Set (P6,000).

Yields decline on inflation data, US election

YIELDS ON government securities (GS) moved south as local bonds tracked US Treasuries after the Philippines’ headline inflation print in October remained within market expectations.

GS yields, which move opposite to prices, went down by an average of 2.5 basis points (bps) week on week, based on the PHP Bloomberg Valuation Service Reference Rates as of Nov. 6 published on the Philippine Dealing System’s website.

At the secondary market on Friday, rates at the short end of the curve dropped, with the 91-, 182-, and 364-day Treasury bills losing 3.4 bps, 4.8 bps, and 4.4 bps, respectively, to 1.106%, 1.503%, and 1.777%.

At the belly, yields on the two-, three-, four-, five-, and seven-year Treasury bonds fell by 3.2 bps (2.039%), 3.4 bps (2.291%), 2.6 bps (2.531%), 2.5 bps (2.725%), and 1.3 bps (2.925%).

The rate of the 10-year debt picked up by 1.5 bps to fetch 2.992%. Meanwhile, other long-dated tenors such as the 20- and 25-year notes declined by 3.2 bps and 0.7 bp, respectively, to finish at 3.921% and 3.908%.

“Local bond yields trended lower as market players hunted for bargains on select territory of the curve after inflation in October printed well-within expectations,” Robinsons Bank Corp. peso sovereign debt trader Kevin S. Palma said in a Viber message last Friday.

“Dealers and investors alike also took cue from lower US Treasury yields mainly due to waning optimism that a larger fiscal stimulus will be passed in the US amid the high degree of uncertainty surrounding the election,” Mr. Palma added.

First Metro Asset Management, Inc. (FAMI) said in an e-mail: “US Treasuries bull-flattened after the Blue Wave scenario did not pan out and sentiment somewhat spilled over to the local space as 5-10 year securities were seen lifted.”

FAMI also noted that upside risks to inflation “remain subdued.”

Headline inflation in October increased to 2.5%, the fastest pace in three months or since the 2.7% logged in July, preliminary data released by the Philippine Statistics Authority on Thursday showed.

The latest figure was quicker than the 2.4% median estimate in a BusinessWorld poll. However, it still fell within the 1.9-2.7% expected by the Bangko Sentral ng Pilipinas (BSP) Department of Economic Research for October.

Inflation averaged at 2.5% in the first 10 months of the year, versus the BSP’s 2-4% target as well as its 2.3% forecast.

Meanwhile, on the external front, the trading week ended with the US still awaiting the results of its presidential election as five swing states were not finished going through ballots.

US President-elect Joe Biden declared it was “time to heal” a deeply divided America in his first speech after prevailing on Saturday in a bitter election, even as President Donald Trump refused to concede and pressed ahead with legal fights against the outcome, Reuters reported.

Mr. Biden’s victory in the battleground state of Pennsylvania put him over the threshold of 270 Electoral College votes he needed to clinch the presidency, ending four days of nail-biting suspense and sending his supporters into the streets of major cities in celebration.

Mr. Trump, who was golfing when the major television networks projected his rival had won, immediately accused Mr. Biden of “rushing to falsely pose as the winner.”

Mr. Trump has filed a raft of lawsuits to challenge the results but elections officials in states across the country say there has been no evidence of significant fraud, and legal experts say Mr. Trump’s efforts are unlikely to succeed.

Before the election, Mr. Trump refused to commit to a peaceful transfer of power if he lost, and he falsely declared victory long before counting was complete.

The networks’ declaration for Mr. Biden came amid concerns within Mr. Trump’s team about the strategy going forward and pressure on him to pick a professional legal team to outline where they believe voter fraud took place and provide evidence.

When Mr. Biden enters the White House on Jan. 20, the oldest person to assume the office at age 78, he likely will face a difficult task governing in a deeply polarized Washington, underscored by a record nationwide voter turnout.

The US economy remains technically in recession, and prospects are bleak for a return to work for millions, especially in service industries such as hospitality and entertainment, where job losses hit women and minorities particularly hard.

For this week, analysts expect the release of the Philippine third-quarter gross domestic product (GDP) data on Tuesday to be one of the major catalysts for trading.

“[T]his will provide policy makers more data points to ponder in the coming Monetary Board meeting on Nov. 19. The GDP data, along with developments in the US Presidential Elections, will dictate the tempo of local yields this week. Interest in short term debt securities will persist given all lingering uncertainties we have in our plates as of now,” Robinsons Bank’s Mr. Palma said.

For FAMI: “We see the two-way interest to continue as some players reposition ahead of the Monetary Board meeting. Local bond yields might move downwards and will take a cue from the release of third-quarter GDP…”

“A worse-than-expected figure on Tuesday will increase the chances of another rate cut from BSP on Nov. 19,” it added.

A BusinessWorld poll of 19 economists last week bared a third-quarter GDP median forecast of a 9.2% decline, easing from the 16.5% contraction posted in the second quarter.

If realized, this would result in an 8.8% fall in GDP for the first three quarters of the year, worse than the government’s -4.5% to -6.6% forecast. — Marissa Mae M. Ramos with Reuters

SMIC profit, growth prospects whet investor appetite

INVESTORS took positions on SM Investments Corp. (SMIC) last week following the release of the conglomerate’s earnings results, coupled with expectations of improving economic conditions in the near term that would send the company’s bottom line back in the black.

SMIC was the second-most actively traded stock with a total of 1.971 million shares worth P1.976 billion having exchanged hands on the trading floor from Nov. 3 to 6, data from the Philippine Stock Exchange showed.

Local financial markets were closed on Nov. 2 in observance of All Souls’ Day.

Week-on-week, SMIC’s share price grew by 6.3% to P1,010 per share on Friday from its Oct. 30 closing price of P950.50 apiece. Since the start of the year, its share price has fallen by 2.8%.

“SMIC was one of the most active stocks last week as third quarter results showed a reversal to a profit of P8.1 billion from a second-quarter loss of P1.9 billion, primarily driven by recovery in SM Retail, Inc. and BDO Unibank, Inc. (BDO),” PNB Research Department’s Equity Research Analyst Marco R. Mauleon said in an e-mail.

In a disclosure to the stock exchange, the Sy-led conglomerate said its consolidated attributable net income stood at P15.2 billion for the nine months ending September, down 54% from P33.1 billion in the same period a year ago.

Its revenues for the nine-month period declined 18% to P350.7 billion, despite a 36% improvement to P101.1 billion in the third quarter.

For the third quarter, attributable net income amounted to P8.11 billion, down 19% from P10 billion in 2019’s comparable three months.

Mr. Mauleon said that despite the decline in the third quarter, it brought year-to-date performance to a 54% contraction from 69% in the first half of 2020.

In a separate e-mail, Unicapital Securities, Inc. Technical Analyst Cristopher Adrian T. San Pedro attributed SMIC’s performance last week to “bargain hunting” amid a bullish breakout of the bellwether Philippine Stock Exchange index (PSEi).

Mr. San Pedro also noted renewed interest from foreigners with net foreign buying at P398.559 million last week, up 37.5% from the previous week’s P289.781 million.

“I believe the market already priced in the third-quarter earnings result and how the company adapted to the new normal brought about by COVID-19 this year. They are now looking forward to the fourth quarter of this year and how the country will manage to lessen the daily COVID-19 cases as the economy continues to reopen with revised quarantine restrictions,” Mr. San Pedro said.

Banking subsidiary BDO reported P16.6 billion net income, down 48% from a year ago. This was slightly offset by China Banking Corp., whose profits grew by 23% to P8.2 billion for the period.

SM Prime Holdings, Inc., which accounts for SMIC’s operations of malls and residences, among other real estate, posted a 48% income decline to P14.4 billion.

Meanwhile, profits of SM Retail were down 73% to P2.2 billion compared with the same period last year.

The banking segment contributed half of SMIC’s earnings for the nine-month period, followed by 41% from the property segment and the remaining nine percent from the retail segment.

“In our view, revenues in [the fourth quarter] should build on strong momentum gained in the third quarter as SM’s businesses enter the holiday season at full operational capacity,” PNB Research’s Mr. Mauleon said.

“Management already sees renewed consumer activity, noting that current mall foot traffic is now at 30-40% from pre-pandemic levels from a low of 18% during the lockdown. More importantly, sales recovery was even more drastic, already reaching 70-75% of pre-pandemic levels from a low of 40% during ECQ (extended community quarantine),” he added.

Mr. Mauleon placed SM’s “sum-of-the-parts” target price at P995 per share.

Unicapital Securities’ Mr. San Pedro pegged the stock’s short-term support and resistance levels at P951 and P1,047, respectively.

“[T]he stock is expected to become a potential trend reversal to test P1,059 and P1,100 for as long as it stays above P937,” he said.  Lourdes O. Pilar

Ford Ranger deals truck on in Nov.

THE MUCH-AWAITED Truck Month of Ford Philippines has been extended to the end of November “to allow more customers to get a Ford Ranger with great deals.” Added Ford Philippines President and Managing Director PK Umashankar, “The Ford Truck Month also just got better this month with cash discounts extended to more Ford Ranger models, giving customers the widest array of deals for our ‘Built Ford Tough’ pickup trucks.”

Ford provides a P90,000 cash discount on the Ranger 2.0L Bi-Turbo Wildtrak 4×4 AT and the Ranger 2.2L XLT 4×2 AT, and P65,000 off on the Ranger 2.2L XLT 4×2 MT.

The Ranger 2.0L Wildtrak 4×2 MT is also available for P90,000 less, while the Ranger 2.0L Wildtrak 4×2 AT still is at P70,000 off. The asking price for the Ranger 2.2L XLS 4×2 MT is P89,000, pegged at P943,000. Customers can also avail of a financing offer of P88,000 all-in low down payment.

Ranger Raptor buyers get the Ranger Raptor Premium Care Package, inclusive of a free five-year scheduled service plan, five-year warranty, and five-year roadside assistance. The worry-free ownership package is valued at P100,000.

Other Ford vehicles such as SUVs and the Transit van are part of the promotion. The company offers the EcoSport 1.5L Titanium AT for P150,000 off or via P38,000 all-in low down payment. A similar cash discount is available on the EcoSport 1.0L Titanium AT. A P100,000 discount is offered on the EcoSport 1.5L Trend AT and EcoSport 1.5L Trend MT.

The Everest 2.0L Bi-Turbo Titanium+ 4×4 AT, Everest 2.0L Turbo Titanium 4×2 AT or Everest 2.0L Turbo Sport 4×2 AT are offered at P50,000 off; the Everest 2.2L Trend 4×2 AT comes with a P100,000 cash discount or at P178,000 all-in low down payment.

Zero interest for 60 months with 20% down payment is available for the Explorer 3.5L Sport V6 EcoBoost AWD AT or zero interest for 48 months with 20% down payment for the Explorer 2.3L EcoBoost LTD. The eight-seater Ford Expedition SUV is available with hefty cash discount of P1 million. Both the Expedition Limited EL 4×4 with Bucket Seats AT and Expedition Limited EL 4×4 AT can also be availed with a financing offer zero interest for 60 months with 20% down payment. For the 15-seater Ford Transit, customers can get a cash discount of P301,000, or a financing offer of P68,000 all-in low down payment, or zero interest for 36 months with 20% down payment, together with a free five-year scheduled service plan.

For more offers, visit www.ford.com.ph/shopping/hot-deals/2020/retailoffers/ or any Ford dealership.

When wearing a mask, focus on the eyes

By Zsarlene B. Chua, Senior Reporter

THE PANDEMIC has forced most people to wear face masks for health and safety reasons, which means that more than half of people’s faces are now covered. But that doesn’t mean that they should stop enjoying playing with makeup and that is what the newly launched beauty brand, Ready Set Glow, wants to do.

Launched in February, the local brand has an impressive array of colored eyeliners, eye shimmers, and lipsticks, with the eyeliners touted to be “smudge-proof and waterproof.”

This writer was given a selection of the eyeliners and lipsticks to try out and at first glance colored eyeliners can be intimidating, especially for someone like me who has only been using either dark brown or black eyeliner.

But then again, if people are discouraged from going outside unless absolutely necessary and to  wear masks when venturing into the wild outdoors, this may be the perfect time to experiment with colors.

And that’s what this writer did over several days: try creating graphic eyeliner looks.

Graphic eyeliner is a makeup style where eyeliners are not only placed near the lash line but are made to highlight the entire eye using sweeping lines over the lids, under the lids, etc. Many of the more popular styles were inspired by ancient Egyptians’ eye makeup.

In the kit delivered to this writer, there were three liquid eyeliners: the royal blue OMG! Liquid liner, the ocean green Slay! Liquid liner, and the bright yellow Lit! Liquid liner (P249 each); and three gel liners: the Unicorn Magic (pastel violet), Frilly Tutu (crimson), and Wild Tiger (tiger yellow (each for P599).

Over several days, this writer has almost exclusively used the liners for her online events and true enough, the liners (both liquid and gel) were smudge-proof and waterproof as they managed to survive 12 hours on my usually sweaty eyelids.

The felt tip on the liquid liner had enough stiffness and flex for enough control — putting on a cat eye was a breeze. The liquid liner does take a few seconds (half a minute maximum) to dry, so please try not to blink in that time, otherwise, an eye look that took 25 minutes to do will be ruined in seconds, as what happened to me. It wasn’t a complete disaster though, as a good Micellar water — I recommend Bioten Skin Moisture Micellar Water (P350/400ml) and a pointed cotton bud to fix mistakes.

The gel liners — called Badass Gel Liners — are a bit more workable, though I suggest that if you find it too stiff, run the liner back and forth on the back of your hand first to soften it a bit because you really don’t want to keep tugging on the very thin skin on your eyes.

While stiff, I found that the gel liners are workable enough if you want to use it as eyeshadow, just move fast otherwise it sets and it’s on forever (until you remove it with a cleanser, that is.)

Here’s a pro-tip for you: the three gel liners I got also work perfectly as color correctors — the Wild Tiger is great to use under the eye to cancel those under eye circles, while Unicorn magic is to correct yellow undertones and you can also use it under the eyes, and the Frilly Tutu can color correct blue undertones for those with deeper skintones. Again, blend fast and use a little at a time.

OTHER PRODUCTS AND NEW ENDORSERS
Despite being a less than a year-old brand, Ready Set Glow has definitely set itself apart from other brands in the color cosmetics space because of its vibrant products, but the brand is not stopping there as it does plan on introducing more products soon.

“We have in the pipeline a very good variety of products coming in maybe at the late 2020, before this year ends, or early 2021. There’s so much in the lineup and we are so excited about it,” Carla See De Castro, assistant marketing head of Ready Set Glow, said during the launch on Oct. 24 held via Zoom.

“Being a versatile brand, we’re not just focused on color or graphic makeup but we will come up with something that is more for daily use — but one that’s definitely unique because that’s our character and our brand’s statement,” she added.

The brand also announced its two new endorsers: actress Ina Raymundo and her daughter, singer Erika Rae Poturnak.

“We really wanted the mother and daughter tandem because we wanted to show that our products can be used by your daughter or tita (aunt) or even your cool lola (grandmother), who loves colors and who’s still creative and enjoys life,” Marian Lao Siggaoat, co-founder and creative director of the brand, said in the same conference.

Ready Set Glow products can be purchased on its website: https://readysetglow.ph/. From Nov. 6-11, the brand is holding a Buy 2, Take 1 promotion for all its items, and free shipping for purchases over P899.

Abaca export earnings in 7 months rise by 4.8% to $97.71 million

EARNINGS from abaca exports rose 4.8% year on year to $97.71 million in the seven months to July, according to the Philippine Fiber Industry Development Authority (PhilFIDA).

PhilFIDA said abaca pulp accounted for 80.2% of total abaca exports, valued at $78.32 million, up 11.2% year on year.

Europe was the top destination for pulp, accounting for 72.7% of the total, amounting to 12,922.18 metric tons (MT), down 2.9% from a year earlier.

Leading European buyers include Belgium, Germany, the UK, France, and Sweden.

Shipments of abaca pulp to the US rose sharply to 2,343 MT from 835.26 MT a year earlier.

Exports to Asia rose 14.1% to 2,502.54 MT, equivalent to 14% of total pulp exports.

Top Asian markets are Japan, China, Singapore, Turkey, Afghanistan, and Thailand.   

Overall, abaca pulp exports rose 8.7% year on year to 17,767.77 MT.

Shipments of abaca cordage fell 48% year on year to $2.47 million.

Other segments posting declines were fabrics and yarns at 15.5% to $456,861 and fiber crafts at 43.7% to $531,862.

PhilFIDA said the value of raw fiber exports in the first seven months fell 3.5% year on year to $15.92 million.

Abaca goes into products like surgical masks, cigarette paper, furniture, and clothing, among others. — Revin Mikhael D. Ochave

How PSEi member stocks performed — November 6, 2020

Here’s a quick glance at how PSEi stocks fared on Friday, November 6, 2020.


Peso may rise on US vote results

THE PESO may climb further versus the dollar this week as the market expects a further decline in cases of the coronavirus disease 2019 and after the Democratic Party’s Joseph R. Biden, Jr. was projected to be the new 46th president of the United States.

The local unit closed at P48.22 versus the dollar on Friday, increasing by nine centavos from its P48.31 finish on Thursday, data from the Bankers Association of the Philippines showed.

Week on week, the peso strengthened by 18 centavos from its P48.40-per-dollar finish on Oct. 30.

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said the peso strengthened after the partial results of the US presidential election showed Mr. Biden ahead of former president Donald J. Trump.

A trader said in an e-mail that the development in the US election weakened safe-haven sentiment for the dollar.

US President-elect Mr. Biden declared it was “time to heal” a deeply divided America in his first speech after winning in a bitter election, even as Mr. Trump refused to concede and pressed ahead with legal fights against the outcome, Reuters reported.

Mr. Biden’s victory on Saturday in Pennsylvania put him over the threshold of 270 Electoral College votes he needed to clinch the presidency, ending four days of nail-biting suspense and sending his supporters into the streets of major cities in celebration.

Mr. Trump, who was golfing when the major television networks projected his rival had won, immediately accused Mr. Biden of “rushing to falsely pose as the winner.”

Mr. Trump has filed a raft of lawsuits to challenge the results, but election officials in states across the country say there has been no evidence of significant fraud, and legal experts say Mr. Trump’s efforts are unlikely to succeed.

For this week, Mr. Ricafort and the trader expect Mr. Biden’s victory to heighten demand for the peso following increased buying in the local and US stock markets amid high hopes for better economic prospects.

The trader added the local downtrend in daily COVID-19 cases in the Philippines, which have fallen to just near 2,000 from 3,000 in September, will further support the peso.

New cases on Saturday hit 2,167 while recovered patients were 350,216 or 90% of total cases, the Health department said.

Mr. Ricafort said other major catalysts include third-quarter gross domestic product and bank loans data set for release on Tuesday.

For this week, Mr. Ricafort sees the peso moving from P48.05 to P48.35 versus the dollar, while the trader expects it to range from P48.15 to P48.35. — K.K.T. Jose with Reuters

Profit-taking to weigh on local shares this week

LOCAL SHARES may tread lower this week as investors pocket gains following the five-day rally of the main index since end-October.

The bellwether Philippine Stock Exchange index (PSEi) picked up 40.92 points or 0.61% to end Friday’s session at 6,685.69. On a weekly basis, it went up 361.69 points or 5.7%.

The market’s performance last week brought the PSEi to its highest level since entering bear market territory in March, when the coronavirus outbreak was declared a pandemic.

During last week’s four days of trading, value turnover fell 29% to an average of P8.53 billion. Foreign investors turned net sellers, posting average net outflows of P123.77 million from average net inflows of P392.86 million in the prior week.

The PSEi’s rise last week  was primarily attributable to the wave of corporate earnings reports, which showed that while year-on-year figures are down, quarter-on-quarter revenues and profits are improving, 2TradeAsia.com said.

“Nearly 85% of PSEi constituents have reported nine months earnings and as expected, the numbers left little to be desired on year-on-year terms, but are significantly better sequentially,” it said in a market note.

“More importantly, third quarter’s quarter-on-quarter recovery sets up an inflection point for a never-look-back scenario for 2021 earnings, supported by hopefully zero lockdown days and the transition from ‘crisis’ to ‘rehab’ management by state authorities,” it added.

However, the brokerage noted that the likelihood for 2021 earnings to rise by 20-25% is “not achievable, and valuations should therefore likewise catch up.”

“The local bourse has already rallied for five straight days, so we may see a pull back in this week’s trading amid profit taking,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a text message.

Since Oct. 30 and throughout last week, the PSEi maintained its climb and recorded two straight days of increases of more than 2%, posting a 2.05% growth on Nov. 4 and 2.8% on Nov. 5.

“[T]he local bourse could keep its ground above its 10-day exponential moving average which is currently at 6,436.29,” Mr. Tantiangco said.

Aside from the conclusion of the United States elections that favored Democrat Joe Biden, this week’s primary market drivers would remain corporate earnings reports, and the release of the Philippines’ third quarter gross domestic product data on Tuesday.

“If the figures show improvement compared to their second quarter counterparts, then it may also help in sustaining optimism. Downside risks seen for this week’s trading include a post-election protest in the US which could lead to a turmoil,” Mr. Tantiangco said.

Mr. Tantiangco put initial support for the market at 6,600 and next support at 6,436.29, with resistance at 7,150. 2TradeAsia.com placed initial support within 6,500 to 6,600, secondary at 6,250, and resistance at 6,750. — Denise A. Valdez