Home Blog Page 7555

Megawide schedules virtual stockholders’ meeting

MEGAWIDE CONSTRUCTION CORPORATION
No. 20 N. Domingo Street, Barangay Valencia, Quezon City
Tel. No. (02) 8655-1111

NOTICE OF ANNUAL STOCKHOLDERS’ MEETING

To the Stockholders of MEGAWIDE CONSTRUCTION CORPORATION (the “Company”):

Notice is hereby given that the Annual Stockholders’ Meeting of the Company will be held on 30 June 2021, at 2:00 P.M. The meeting will be conducted via remote communication and can be accessed through the following link: https://bit.ly/3yRdaF8

The agenda of the meeting is as follows:

1. Call to Order

  • The Chairman will call the meeting to order.

2. Proof of Notice and Quorum

  • The Corporate Secretary will certify that notices of the meeting have been duly sent to the stockholders of record date as required by the By-Laws. He will also attest to the attendance at the meeting and whether a quorum is present. Except as otherwise provided by law, a quorum shall consist of stockholders owning majority of the outstanding capital stock (exclusive of treasury stock) participating in person, in absentia, or by proxy.

3. Approval of the Minutes of the Annual Stockholders’ Meeting held last 30 June 2020

  • The Minutes of the Annual Stockholders’ Meeting held last 30 June 2020 will be submitted for approval. It contains the following matters: (a) approval of the minutes of the Annual Stockholders’ Meeting held last 02 July 2019; (b) Chairman’s Address and President’s Report; (c) Election of Directors; (d) Amendment of the Articles of Incorporation to Increase Authorized Capital Stock; (e) Approval of the 2019 Audited Financial Statements; (f) Appointment of the External Auditor; and (g) Ratification of All Acts of Management and the Board of Directors.

A copy of the Minutes of the Annual Stockholders’ Meeting held last 30 June 2020 is available in the Company’s website and attached to the Definitive Information Statement as Exhibit “5”.

4. Approval of the Minutes of the Special Stockholders’ Meeting held last 21 May 2021

  • The Minutes of the Special Stockholders’ Meeting held last 21 May 2021 will be submitted for approval. It contains the matter on the Amendment of the Articles of Incorporation to Increase Authorized Capital Stock for Preferred Shares.

A copy of the Minutes of the Special Stockholders’ Meeting held last 21 May 2021 is available in the Company’s website and attached to the Definitive Information Statement as Exhibit “6”.

5. Chairman’s Address and President’s Report

  • The Chairman and President of the Company will give a welcome address and provide the operational highlights of 2020.

6. Election of Directors

  • The stockholders will approve the election of the regular and independent directors to hold office until the next Annual Stockholders’ Meeting and until their respective successors have been elected and qualified. The nominees were evaluated on the basis of all qualifications required by the Company’s By-Laws, New Manual on Corporate Governance, and that no provision on disqualification would apply to them. The profile and qualifications of the nominees are in the Company’s Definitive Information Statement and Annual Report (“SEC Form 17-A”) which are available in its website.

7. Approval of the 2020 Audited Financial Statements

  • The 2020 Audited Financial Statements of the Company will be submitted for the approval of the stockholders.

8. Appointment of the External Auditor

  • The stockholders will approve the appointment of Punongbayan & Araullo as the Company’s external auditor.

9. Ratification of All Acts of the Board of Directors and Management

  • For ratification of the stockholders are all acts of the Board of Directors and Management in the ordinary course of the Company’s business. A list of such acts is too voluminous to be included in the Definitive Information Statement. These acts pertain to obtaining government permits and clearances, execution of contracts, availment of services from banks, and other acts necessary for various construction projects of the Company.

10. Other Matters

  • The floor will be open for questions from the stockholders.

All stockholders of record at the close of business on 13 May 2021 are entitled to notice of and vote at the annual meeting and at any adjournment thereof. The stock and transfer books of the Company will be closed from end of business day on 14 May 2021 until 30 June 2021.

Please refer to Exhibit “1” of the Definitive Information Statement (available in the PSE EDGE website) or visit

https://mcc-stockholders-meeting.web.app/

for the full details on the submission of proxies, procedure for voting, participation in the Annual Stockholders’ Meeting, and to view the SEC Form 17-A.

Quezon City, Philippines, 02 June 2021.

ANTHONY LEONARD G. TOPACIO
Corporate Secretary

Tighter watch on rice imports sought

PHILIPPINE STAR/EDD GUMBAN

FINANCE SECRETARY Carlos G. Dominguez III ordered the Bureau to Customs (BoC) to keep a closer watch on rice imports after the government temporarily reduced tariff rates. 

In a statement on Monday, Mr. Dominguez said the country may experience a surge in imports from other countries that benefited from the temporary uniform rate of 35% in an attempt to avoid higher tax rates.

As rice prices from countries within the Association of Southeast Asian Nations (ASEAN) region have been increasing, Mr. Dominguez said there may be a shift to rice imports from other countries, such as India.

“I think there will be a shift in the imports of Thai and Vietnamese rice, and Burmese (Myanmar) rice, to rice from other countries where the value is much lower. Just keep an eye on that,” Mr. Dominguez told Customs chief Rey Leonard B. Guerrero.

Mr. Guerrero said that the BoC is looking at the discrepancy seen in some rice imports from Vietnam where the bulk of shipments were declared at values lower than prevailing market prices.

“We discovered that many of these importations are under a tentative assessment so we are reviewing the payments,” he said.

In May, the average value of rice imports, mostly from Vietnam, fell by 12.7% to P19,312 per metric ton (MT) versus P22,119 per MT in the same month last year, Mr. Guerrero noted. This was also lower than the P21,066 per MT average recorded in April and P22,119 per MT in March.

President Rodrigo R. Duterte issued Executive Order No. 135 on May 15, cutting the most-favored nation tariff rates for rice to 35% from 40% for in-quota and 50% for out-quota volumes for a year. The move is aimed to boost local rice supply and tame rising inflation.

The BoC collected P5.67 billion in rice tariffs from January to April, higher by 3.7% than the P5.46 billion it generated in the same period last year.

Customs’ revenues from rice imports increased even as the volume of shipments shrank by 9.2% to 804,360 MT. Mr. Guerrero attributed this to the bureau’s better valuation, with the average value of rice imports rising 14% to P21,096 in the first four months of the year versus a year ago’s P18,508 per MT.

To recall, the BoC in September 2020 revealed that the government lost P1.42 billion in revenues due to under declaration by several importers to evade tariffs.

For Federation of Free Farmers (FFF) National Manager Raul Q. Montemayor, the BoC has been very slow in plugging the loopholes in their valuation and classification of rice imports.

Mr. Montemayor said the bureau has not yet posted the reference rates for rice shipments from China, and some from India, Pakistan, and Myanmar.

“Without reference prices, they will not be able to determine which shipments are undervalued or not. I do not see why DoF has to issue a special reminder to BoC just because the tariff rates have been set to a uniform rate,” he said in a Viber message on Monday.

“In fact, this should make the job of BoC simpler. And the risk of undervaluation and misclassification will still exist whether the tariff rates are changed or remain the same,” he added.

The FFF earlier criticized the government’s move to lower the tariff rates for the staple, citing the policy’s lack of basis and ample rice supply in the local market.

“We believe that this will not result in lower prices for consumers, since importers will just pocket the savings in tariffs. At the same time, (this) could threaten to dampen palay prices much to the detriment of rice farmers,” Mr. Montemayor said. — Beatrice M. Laforga

POGOs, real estate brokers required to register with AMLC

PHILSTAR

THE ANTI-MONEY Laundering Council (AMLC) released amended rules to include new covered persons such as real estate developers and brokers as well as Philippine offshore gaming operators (POGOs) and service providers, reflecting the revisions to the country’s anti-money laundering law.

The amended Anti-Money Laundering (AML)/Counter-terrorism Financing (CTF) Guidelines for Designated Non-Financial Businesses and Professions will allow recently included covered persons to secure their certificate of registration from the AMLC within the next six months, without incurring any penalties.

Newly established entities that fall under the regulator’s expanded covered persons will now be required to register with AMLC before they can begin operations.

The new guidelines replace the previous regulation issued in 2018 for designated nonfinancial businesses and professions which only covered jewelry dealers; company service providers for corporations; and lawyers and accountants involved in transactions with corporations, businesses, and financial institutions.

The rules require covered persons to practice customer due diligence to prevent transactions with criminals and adopt appropriate AML/CTF risk management systems in accordance with existing laws and regulations. They should also fully cooperate with AMLC directives in relation to the fight against “dirty money” and terrorism financing.

Under the enhanced guidelines, cash transactions with real estate developers and brokers exceeding P7.5 million will be included among covered transactions of the AMLC.

This is in accordance with Republic Act 11521 legislated in January this year which tightened the country’s Anti-Money Laundering Act (AMLA) of 2001.

To secure a certificate of registration from the AMCL, one should submit a copy of business registration or permit; list of operating office locations; proof of attendance of officers in an AML seminar; and the most recent clearance of all officers of a covered nonfinancial institution from the National Bureau of Investigation or its equivalent foreign jurisdictions.

“The AMLC may deny the issuance of the certificate of registration or cancel a previously issued one if the designated nonfinancial business or professional fails to provide truthful, accurate and complete registration requirements,” it said.

The guidelines also included a new section which requires designated nonfinancial businesses and professions to promptly file suspicious transaction reports to the AMLC within five working days after an “occurrence.”

“For suspicious transactions, ‘occurrence’ shall refer to the date of establishment of suspicion or determination of the suspicious nature of the transaction,” AMLC said.

The Philippines beat a Feb. 1 deadline set by the Paris-based Financial Action Task Force (FATF) to tighten its guard against dirty money and terrorism financing with the legislation of the amendments to the AMLA. However, the country still needs to prove these tighter laws are being implemented.

An assessment by the International Monetary Fund and the World Bank in April warned that the country could still be back to the FATF’s “gray list” of countries with serious deficiencies on AML and CFT measures if the Philippines does not implement any major reforms by June 2021. — Luz Wendy T. Noble

ERC task force to look into plant outages, price spike

PHILIPPINE STAR/ MICHAEL VARCAS
Rotating brownouts hit parts of Luzon last week. — PHILIPPINE STAR/ MICHAEL VARCAS

A TASK FORCE will look into the recent power plant outages and the subsequent surge in spot market prices, the energy regulator said on Monday.

The Energy Regulatory Commission (ERC) said in a statement that the task force already identified four generation plants which need to undergo technical inspection to verify the outages and the actions taken to get back online.

ERC Commissioner-in-Charge Floresinda G. Baldo-Digal told BusinessWorld on Viber that these four facilities are TeaM Sual Corp.’s Sual coal plant (unit 2), AP Renewables, Inc.’s Makban geothermal plant (unit 2), GNPower Mariveles Energy Center Ltd. Co.’s Mariveles coal plant (units 1 and 2), and the Sem-Calaca Power Corp.’s Calaca coal-fired plant (unit 2).

She said that the task force named these four plants after rotating outages hit portions of Luzon last week. Earlier, the National Grid Corp. of the Philippines (NGCP) placed the Luzon grid under red alert for three consecutive days amid plant outages and higher recorded temperatures.

On Monday, the ERC said the group is also looking at identifying the plant compliance with respect to their outage reporting and reliability indices; analyzing hourly market data and the factors which lead to price increases resulting in the imposition of the secondary price cap (SPC), among others.

The SPC, according to the Independent Market Operator of the Philippines, is a price-mitigating mechanism designed to limit the “persistent high market prices” in the electricity spot market.

“The power supply shortage during the summer months has been a perennial problem, and the regulator has been monitoring the situation from day one…. The Commission has been undertaking all the necessary efforts to help mitigate, if not totally address this recurring challenge,” ERC Chairperson and Chief Executive Officer Agnes VST Devanadera was quoted as saying.

The ERC also said it will be issuing show-cause orders to generation companies (gencos) that failed to comply with the reporting requirements.

The agency ordered gencos last week to explain plant shutdowns after noting that some of these firms have exceeded the maximum limit of allowable unplanned outages in April.

PROBE SOUGHT
Consumer group Laban Konsyumer, Inc. (LKI) said the Anti-Red Tape Authority (ARTA) should be the autonomous entity to investigate the power plant outages.

“Laban Konsyumer is batting that ARTA should be the independent prober…. The investigation by ARTA should include all the 17 power plant owners earlier issued notices of violation by the ERC. ERC should defer to ARTA to ensure the probe by an impartial judge,” LKI President Victorio A. Dimagiba said in a statement issued on Saturday.

He added that the Department of Energy (DoE) should also be “part of the entity to be investigated.”

In April, the energy department said that it does not expect any red alerts to be placed on the Luzon grid during the dry months, adding that yellow alerts are likely to happen until July.

But on Friday, the DoE said that red alerts are likely to happen this week if power plants do not return to service, based on its estimates.

When reserves fall below ideal levels, the grid operator issues a yellow alert. This is downgraded to a red alert if the supply-demand balance worsens.

Meanwhile, a senator filed a resolution on Monday seeking to conduct an investigation over the failure of the concerned government agencies to lower power rates in the country.

In a statement, Senator Risa N. Hontiveros-Baraquel said she filed Senate Resolution No. 746 which sought to determine the deficiencies and failures of the ERC and DoE to bring down power rates, on top of the other objectives to ensure quality and security of electricity supply, 20 years after the enactment of the Republic Act No. 9163 or the Electric Power Industry Reform Act (EPIRA) on June 8, 2001.

Ms. Baraquel said the resolution would also try to look at the feasibility of reducing power rates by at least P2.00 per kilowatt-hour. — Angelica Y. Yang and Vann Marlo M. Villegas

P100 NCR wage hike petition dismissed

PHILIPPINE STAR/ MICHAEL VARCAS

THE WAGE BOARD has dismissed the petition of two labor groups seeking a P100 across-the-board wage increase for private sector workers in the National Capital Region (NCR).

In a resolution dated May 4, the Regional Tripartite Wages and Productivity Board (RTWPB) – NCR said it has no jurisdiction to act on the petition filed by labor group Unyon ng mga Manggagawa sa Agrikultura (UMA) and progressive party-list Anakpawis for a P100 “emergency wage relief” across-the-board increase in minimum wages.

“The grant of an across-the-board minimum wage increase does not fall within the jurisdiction of the (RTWPB). It is limited to granting regional wage increases to employees earning the statutory minimum wage rates based on the standards/criteria established by law,” the wage board said in the resolution.

UMA and Anakpawis in April filed the wage hike petition, citing the rising inflation rate and higher prices of basic goods, as well as elevated unemployment and underemployment rates amid the pandemic.

The wage board in late March dismissed a similar petition filed by Defend Job Philippines.

“We are disheartened [by the] dismissal of Defend Job Philippines’ P100 emergency daily wage subsidy for technical reasons,” UMA told BusinessWorld in a Facebook messenger chat. “It only shows their bias against labor and more in favor of capital as they do not or don’t want to see the real situation of workers on the ground.”

Citing Republic Act No. 6727 or the Wage Rationalization Act of 1989, the board said it “continuously reviews and assesses the socioeconomic conditions in NCR taking into consideration the impact of the prolonged quarantine and health protocols, state of business activities including closures and retrenchments, regional employment situation and supply and price of basic commodities, among other caused by the COVID-19 pandemic.” — K.A.T. Atienza

D&L looks to complete Batangas plant expansion

D&L Industries, Inc. remains committed in its efforts to complete its First Industrial Township (FIT) expansion plan in Batangas despite experiencing delays due to the new round of pandemic lockdown.

“We remain committed to this expansion which is deemed to come at an opportune time as this will mainly cater to D&L’s growing export business in the food and oleochemical segment,” Alvin D. Lao, president and chief executive officer of D&L, said during the company’s stockholders’ meeting on Monday.

D&L’s key strategies include ramping up its export business to complement domestic operations. The company said the plant will be instrumental in its future growth as it develops more coconut-based products and as it dips into new international markets.

The company is still assessing the completion date of the plant expansion, after experiencing equipment and supply chain shipping delays due to the new round of pandemic lockdowns in the country.

It will give further information on the plant’s production capacity and other details in the coming months.

Despite this, D&L is confident it can still meet demands despite the hiccup in construction.

“Even if the construction is delayed, mukhang (it looks like) our existing facilities are able to cater to our current requirements and so from an operational perspective, the delay is not going to be that significant for us,” Mr. Lao said in a press briefing.

The company’s stockholders also approved of its plan to issue peso-denominated fixed-rate bonds worth P3 billion, with an oversubscription offer of up to P2 billion.

D&L is aiming to issue the bonds in the first or second week of September, subject to regulatory approvals. Proceeds from the offer will be used to help finance constructions in D&L’s Batangas plant.

The listed manufacturing company’s net attributable income rose by 35% to P694.9 million in the January-to-March period from P514.56 million last year.

“Assuming that first quarter 2021 income holds steady in the next couple of quarters, the company is set to reach its net income level at least in 2019,” Mr. Lao said, adding that the company’s balance sheet remains in a good position to withstand external shocks.

On Monday, shares of D&L at the stock exchange closed higher by 1.39% or 11 centavos at P8.05 each. — Keren Concepcion G. Valmonte

Lopez Holdings swings to P2.6-B loss on units’ weak showing

LOPEZ Holdings Corp. told the exchange on Monday that it incurred a P2.63-billion net loss attributable to equity holders of the parent in 2020, a turnaround from the P5.32 billion generated in profits from the previous year.

“The results were due to the weaker performance of operating units under investee First Philippine Holdings Corp. (FPH), a consequence of the economic slowdown due to COVID-19 quarantine measures, as well as, the net loss posted by investee ABS-CBN Corp.,” Lopez Holdings said in a disclosure.

FPH recorded a 22% drop in net attributable income to P9.9 billion from P12.58 billion in 2019 due to a decline in its revenues.

First Philippine Holdings’ recurring income for the year also dipped by 21% to P9.4 billion due to weaker operating results in its energy, real estate, and construction and energy service segments as the government imposed pandemic restrictions.

FPH posted a 20% topline fall to P107.3 billion.

Meanwhile, ABS-CBN is still reeling from the rejection of its broadcasting franchise last year.

The media giant incurred a P7.25-billion net loss attributable to equity holders of the parent company for the period ending September 2020. ABS-CBN has yet to release its annual report.

Shares of Lopez Holdings closed unchanged at P3.30 apiece on Monday. — Keren Concepcion G. Valmonte

PHL AirAsia, GCash partner to ease payments experience for travelers

FREEPIK.COM

LOW-COST carrier Philippines AirAsia, Inc. and GCash, the mobile wallet arm of Globe Telecom, Inc., anticipate air travel demand to jump once quarantine restrictions are relaxed further.

They said customers now prefer cashless transactions for hygiene purposes.

“This is just one of the ways we are making air travel more accessible, and I’m sure this partnership will bring game-changing initiatives in the near future,” said Martha M. Sazon, president and chief executive officer of Mynt (Globe Fintech Innovations, Inc.), the fintech arm of Globe and operator of mobile wallet GCash, at a virtual media event on Monday.

Philippines AirAsia Chief Executive Officer Ricardo P. Isla said: “All of our efforts are driven by a very strong recovery.”

“Our partnership with GCash, the country’s leading e-wallet, empowers our guests with flexible cashless options as we all gear up to fly again to our favorite leisure destinations,” he added.

With the partnership, Philippines AirAsia customers can now secure mobile payments online through the GCash app, via the AirAsia’s “super app” or by logging on to airasia.com.

On the airline’s website, customers can select their flights and add-ons and proceed to the payment page where they can pay via GCash on the “Wallet” tab.

GCash can also be used to pay for AirAsia shop purchases such as travel essentials.

AirAsia Group Berhad has said it expects domestic operations in the Philippines to be below 25% of pre-pandemic levels until at least September while the population awaits widespread vaccination against the coronavirus disease 2019 (COVID-19).

Month-on-month operations in the Philippines has improved with a 57% increase in passengers in March, although this was lower than the 85% increase seen by AirAsia Malaysia.

Philippines AirAsia is also eyeing travel incentives for fully vaccinated individuals to help stir up demand. — Arjay L. Balinbin

What firms should consider before bringing workers back to the office

BRAM NAUS /UNSPLASH

WHEN IT COMES to whether employees should return to the office post-pandemic, there is no one-size-fits-all answer.

Each company should consider the company’s work culture as well as the nature of each individual’s work — including their personal circumstances, said Tracy G. Ignacio, chief operating officer of KMC Solutions, in a recent webinar organized by BusinessWorld.

“The answer here is a hybrid setup, where there are days you are on Zoom, and days where you are at the office with the purpose of collaboration,” Ms. Ignacio said.

The flexible workspace provider has a “Home-Hub-HQ” workplace strategy that gives employees and clients the choice to work from home (WFH), the office, or the KMC facility nearest them. “It’s now time to arm ourselves with the right tools to get out there and start living already,” she said, referring to the 14 months that the Philippines has spent under lockdown of varying degrees.

Meanwhile BusinessWorld columnist Bienvenido “Nonoy” S. Oplas, Jr., founder and president of free-market think tank Minimal Government Thinkers, supported returning to the office and the lifting quarantine restrictions.

“For those who are confident enough because they have attained natural herd immunity (especially the young), or have been vaccinated, or have had effective prophylaxis and early treatment drugs, government should not impose more mobility restrictions,” he said, citing the negative impact of restrictions on the economy.

Through an informal survey of nine firms, Mr. Oplas found arguments in favor and against working from home. Among the WFH advantages mentioned were shorter commutes, personal safety, and minimal utility expenses. The loss of human contact and emotional stress, meanwhile, were indicated as some of its pitfalls.

Given that digital exhaustion is a reality for a lot of workers at this point, leaders have to also lead with empathy and ensure that meaningful collaboration is still taking place despite the changes.

“Working from home has turned from a luxury to a necessity,” said Alexander B. Cabrera, chairman and senior partner of PricewaterhouseCoopers (PwC) Philippines, adding that mental wellness is the most critical issue in the work-from-home setup. “There is a disconnect in terms of social interaction.”

Like KMC’s Ms. Ignacio, Mr. Cabrera suggested a hybrid work setup moving forward, as well as addressing digital exhaustion by enacting policies that respect people’s time, which includes being mindful of regular breaks.

Prior to the pandemic, Mondelez Philippines was already allowing employees to work from home one to two days a week. The multinational confectionery, beverage, and snack food company has a “flexible working pledge” that guides people on how to work in a flexible environment and remain productive.

“The type of support that’s provided to employees is a leadership decision,” said Aileen S. Aumentado, people lead of Mondelez Philippines. “There are many ways offices can support employees, whether it’s transportation allowance that can be offset as an additional cost for [home internet] connectivity, or allowing office chairs to be loaned to employees [for their home offices].”

Remote work arrangements should not stop companies from delivering results, Ms. Aumentado added. “Leaders should have the right mindset in terms of engaging people to collaborate and work together.”

Everyone is learning something new every day in this pandemic, according to PwC’s Mr. Cabrera. “Post-pandemic, it’s going to be a network of working from anywhere, supported by digital transformation… Common working spaces will also be necessary to develop company culture and stronger relationships,” he said. — Patricia B. Mirasol

New show looks at creativity’s role in hard times

RECREATE show host Daphne Oseña-Paez
RECREATE show host Daphne Oseña-Paez

THE BITUIN family of Betis, Pampanga comes from a long line of furniture-makers, but they have had to change with the times. Despite the uncertainties brought about by the ongoing coronavirus disease 2019 (COVID-19) pandemic, the family transformed their business into Hardin ng Bituin, a plant supply shop and bed and breakfast.

The story on how they adapted their old workspace is featured in the first episode of One News Channel’s new lifestyle show, Recreate.

“They converted parts of their old wood kiln into a bed-and-breakfast. They reused old factory equipment and turned them into furniture,” Recreate show host Daphne Oseña-Paez told BusinessWorld in an e-mail.

“It was fascinating to see that out of chaos and uncertainties, one can find ways to be productive, orderly, and inspired. Their ideas were also very practical and helpful,” she added.

In 2018, Ms. Oseña-Paez hosted a magazine show called Create which ran for two seasons. It featured Filipino artists in all fields and focused on the subjects’ creative processes.

For this new show, Recreate, which premiered on May 22, its treatment was tweaked to reflect the current conditions of local creatives and culture. It will feature artists from different fields, heritage structures, and cultural spaces. The show focuses on how creatives can persevere in their work despite the challenging circumstances brought on by the global health crisis.

“After one year break during the pandemic, we realized that we all have gone through a process of change. This made me curious about how others may have used their creativity during this time,” Ms. Oseña-Paez said.

Its second episode, which aired on June 5, highlighted the restoration of the Metropolitan Theater in Manila which built was in 1931 and a chat with National Commission for Culture and the Arts (NCCA) Chairman Arsenio “Nick” Lizaso.

“The story of the Met is like a metaphor for our own transformation and rebirth during the pandemic. The Met has undergone an ambitious physical restoration. But without a live show and people, despite its beauty, it is just an empty shell,” Ms. Oseña-Paez said, adding that this is similar to individuals who have undergone change in isolation.

“Through the process we may have improved ourselves, but these changes will only make an impact when we are able to interact with our communities again,” she added.

Succeeding episodes will cover a multi-awarded architect known for designing luxurious homes in upscale communities in the Philippines, a director who mounted a hit web series shot purely from the actors’ homes; and an environmental planner and landscape architect who promotes parks and open spaces.

“This is a period of transition. Cities and institutions are being redefined. In all aspects of these changes, creativity lies in the heart of problem solving,” Ms. Oseña-Paez said. “We hope to be able to tell stories of creative thinkers and their impact in their communities and cities.”

Recreate airs every Saturday at 6:30 p.m. exclusively on One News, available on Cignal TV Ch. 250 HD and Ch. 8 SD. It’s also available to view for free on the Cignal Play app. — Michelle Anne P. Soliman

NOW Corp. says court ruling on telco affiliate’s petition ‘not yet final’

NOW-CORP.COM

NOW Corp. said on Monday the appellate court’s decision on the petition of its affiliate regarding a government circular on new entrants seeking to become major telecommunications industry participants is still subject to remedies.

“NOW Corp. has been advised that NOW Telecom (Co., Inc.) has yet to receive the alleged Court of Appeals decision. Thus, it is still subject to NOW Telecom’s legal remedies and therefore, not yet final,” the listed company told the stock exchange.

“Further, the legal issues raised in the case are still covered by the sub judice rule which restricts comments and disclosures on legal issues in pending judicial proceedings,” it added.

To recall, Now Telecom filed in 2018 a petition for certiorari seeking to stop the National Telecommunications Communication’s (NTC) from implementing certain provisions of the terms of reference in the third telco selection process.

Now Telecom challenged the NTC requirement of a P700-million “participation security,” a P14-billion to P24-billion performance security, and a P10-million non-refundable appeal fee. A Manila court denied the petition.

Now Corp. also clarified on Monday that it is not a party to the Court of Appeals case.

“As it is not a party to said case, NOW Corp. has no knowledge of the details surrounding the alleged Court of Appeals decision,” it added. — Arjay L. Balinbin

How to unite cat and bird lovers? Build a catio

REUTERS

BRENDA THOMPSON’S YARD in northeastern Los Angeles is an avian paradise. Hummingbirds, goldfinches, juncos, and crows, among other bird varieties, splash in her fountain, guzzling sugar-water and nibbling the seeds she sets out. Now and then a neighborhood cat strolls along, and tries to go after and grab at the birds. Luckily, Thompson’s own cats, Cooper and Fizz, have no blood on their paws. That’s largely because Thompson has built them a $10,000 “catio” — a cat patio.

The wood-and-wire enclosure opens off Thompson’s dining room and loops around the back of her house, allowing Cooper and Fizz to get fresh air and feast their eyes on feathered visitors while ensuring they never get within pouncing distance. “We sit and watch the birds a lot from our deck — and now the cats can come and watch the birds as well,” Thompson says.

Each year, America’s roughly 58 million domestic cats kill an estimated 2.4 billion birds, according to the Smithsonian Migratory Bird Center and the US Fish and Wildlife Service. Increasingly, bird conservation groups such as the Audubon Society and the American Bird Conservancy are promoting catios as a way to reduce the bloodshed.

Cat-lovers and bird-lovers aren’t natural allies, with feline bird predation historically a source of considerable tension, Portland Audubon conservation director Bob Sallinger says. “Cat and bird welfare groups had been at each other’s throats over this issue,” he says. But in recent years, catios have emerged as a solution both sides can agree on. “This is a way to address the conflict that’s humane and appeals to cat lovers and bird lovers alike,” Sallinger notes.

DIYers have been building backyard enclosures for cats since at least the 1980s, but as awareness of the environmental impact of free-roaming cats has grown in recent years, the need for a reliable solution became more apparent.  More formal cat patios, designed and built to the specs of one’s house to ensure no inadvertent escape by the feline, have emerged as a popular solution. “People have really embraced it — it’s become part of the culture, and we’re seeing lots of them around town,” says Sallinger.

In some parts of the US, the structures have caught on so much that they’re a part of the local landscape and even an attraction for visitors. Portland Audubon has teamed with the Feral Cat Coalition of Oregon since 2013 to sponsor an annual walking tour highlighting the city’s 600-plus catios. Most years, the tour draws between 1,200 and 1,300 attendees; last September, the groups hosted a virtual tour with 700 participants paying between $15 and $25 to access professionally produced videos, 360-degree interactive panoramas of catio interiors, and live Q&As. 

Wildlife groups now run similar tours in at least seven other cities, including Austin, Texas and Halifax, Nova Scotia. And more than two dozen small companies have sprung up to serve the burgeoning demand. Catio Spaces, based in Seattle, is one of them. Founder Cynthia Chomos has built around 300 catios since starting her business in 2013.

The enclosures can cost from $500 to $5,000. Materials, mostly wood, account for about half of that, Chomos says. And so far, rising lumber prices haven’t hurt her business. “We’re so busy right now,” she says. “Cat parents see this as an investment in the health and well-being of their cats.”

Cat owners also are sanguine about the risk of an idiosyncratic addition adversely affecting home values. Many catios are built to be easily disassembled; Chomos says about half of her clients simply take the catios with them if they relocate. “The other half have left their catios in place, because dog or cat owners are buying their home and like the idea of having an enclosed outdoor space,” she says.

In Los Angeles, one of the hottest catio markets right now, Alan Breslauer charges five-figure sums to build high-end patios that he describes as “cat Disneyland.” The former marketer became a full-time catio designer in 2017 when he founded Custom Catios.

“We’re located in Los Angeles, where everyone’s an environmentalist,” he says. “And then all the homes are million-dollar homes, so people can afford to pay more.”

One recent Custom Catios client, attorney Cindy Zegal, paid around $30,000 for a sprawling structure featuring a spiral staircase, plush hidey-holes accessed via cat-shaped cutout doors, a 10-foot fireman’s pole, a plexiglass viewing bowl, ramps and walkways that loop around the home and property. The project required multiple “emergency exit” hatches for Zegal’s cats, Peppermint and Spice.

“We wanted something that sat with the spirit of our house, which has lots of unique design elements,” Zegal says. Bird safety, she says, was a secondary consideration.

Other cat owners prefer a DIY approach. In the late 1990s, consultant Phil Price clambered onto the roof of his garage in Berkeley, California, and built a small catio out of PVC piping. Since then he’s spent numerous weekends expanding the enclosure, which now sprawls across a fence to allow his four rescue cats direct entry to his sister-in-law’s neighboring home.

The cats are happier as a result, says Price’s wife, Juliet Lamont, a consultant and lecturer at San Francisco State University. And with the cats safely enclosed, the couple’s garden has become a haven for nesting songbirds.

“We have so many nests in the back yard, and this spring we saw more baby birds … than we’ve ever seen,” Lamont says. “It really makes a huge, huge difference.” — Bloomberg