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COVID-19 antibodies present in patients four months after recovery — study

Antibody levels against the novel coronavirus rose and then held steady for up to four months in more than 90% of recovered COVID-19 patients in Iceland, according to a study published on Tuesday.

In previous studies, antibody levels dropped sharply within a few months after COVID-19, raising questions about the duration of immunity that infection may provide.

The new finding may have implications for reinfection risks and vaccine durability, said Kari Stefansson, chief executive of deCode Genetics, which conducted the study.

To get a sense of how many people in Iceland had been infected with the new coronavirus and learn more about immune status after recovery, researchers measured antibody levels in more than 30,000 Icelanders.

Based on the results, they estimate that about 1% of the population had been infected. Of that group, 56% had received a confirmed diagnosis after a gold-standard polymerase chain reaction (PCR) laboratory test. Another 14% had not been formally diagnosed but had quarantined after exposure to the virus. In the remaining 30%, the antibody tests led to discovery of prior infection.

Among the 1,215 people with an infection confirmed by PCR, 91% had antibody levels that rose during the first two months after diagnosis and then plateaued, researchers reported.

The results, published in The New England Journal of Medicine, focused on a homogeneous population from a single country, so the findings may not be the same in other parts of the world with diverse populations.

Still, the study shows how careful antibody tests can determine the true prevalence of infection, Mr. Stefansson said.

An editorial that accompanied the study cautioned that it is unclear if recovered patients’ antibodies will protect them from reinfection.

However, it suggested that antibody tests may be a cost-effective alternative to infection testing alone, and may work better in surveying populations as countries look to safely reopen their economies and schools. — Reuters

Factory activity drops to 3-month low

THE Philippine capital’s return to a stricter lockdown in the first two weeks of August dampened manufacturing activity, which fell to a three-month low, IHS Markit said on Tuesday.

The IHS Markit Philippines Manufacturing Purchasing Managers’ Index (PMI) slid to 47.3 last month from 48.4 in July, remaining below the 50-mark threshold that separates growth from contraction. August was the sixth straight month of declining factory output,

“The Philippines manufacturing sector headed into a steeper downturn in August as quarantine measures in a number of provinces were tightened. New orders fell sharply, as the latest PMI survey data indicated a second consecutive drop in production,” the statement read.

Manufacturing purchasing managers’ index of select ASEAN economies, August (2020)

Metro Manila and the provinces of Cavite, Laguna, Rizal and Bulacan reverted to modified enhanced community quarantine (MECQ) from Aug. 2 to 18, in an effort to curb the rise in coronavirus infections. Laguna, Cavite and Rizal are part of the key industrial region of Calabarzon.

The headline PMI measures manufacturing conditions through the weighted average of five indices: new orders (30%), output (25%), employment (20%), suppliers’ delivery times (15%) and stocks of purchases (10%).

The Philippines posted the second lowest PMI reading among six ASEAN countries, worse than the regional average of 49. Myanmar and Indonesia both saw factory output expand in August, with PMI readings of 53.2 and 50.8, respectively.

IHS Markit cited the contraction in output levels for a second straight month, and the continued decline in new orders since March when the coronavirus pandemic escalated.

The re-imposition of the MECQ negatively impacted demand in August, as some businesses had to cut operating capacity.

“New work inflows contracted sharply as movement was restricted, while some sectors were forced to operate at reduced capacity. The fall in new orders was the fastest seen in three months. Export sales also declined, but only at a modest rate as global COVID-19 restrictions were generally relaxed,” IHS Markit said.

The August drop in manufacturing production was faster than July’s, but softer than the contraction seen from March to May when most parts of the country were under a strict lockdown.

Employment dropped to its slowest pace in three months, but IHS Markit said job losses were still noticeable.

“Job losses remained apparent as firms continued to trim capacity at a steep rate to adapt to the new economic environment. Stocks were also reduced, extending the run of depletion to six months,” David Owen, an economist at IHS Markit, was quoted as saying.

IHS Markit noted the lengthening delivery times at manufacturing companies, which started in August 2019. The quarantine restrictions made it harder for companies to procure raw materials in time, it added.

Input prices climbed at the quickest pace since February 2019, as  suppliers reported shortages and costs of imported goods rose.

This resulted in some factories increasing output charges to pass the higher costs onto consumers, but only at a “modest” uptick as businesses continue to offer discounts to boost sales.

“The outlook for the manufacturing sector remained subdued in August and was broadly in line with that seen in July. More businesses predict that output will improve in the year ahead than those expecting a decline, but confidence was much weaker than the series trend,” it said.

Mr. Owen said the sluggish business confidence may signal post-pandemic recovery remains uncertain.

Robert Dan J. Roces, chief economist at Security Bank Corp., said the decline in PMI was “relatively small” considering the MECQ lasted only two weeks. The National Capital Region remains under general community quarantine (GCQ) until Sept. 30.

“As we transition to GCQ, there’s a high chance that the PMI could bounce back near or above 50 to register a rebound while trade and production slowly improve,” Mr. Roces said via e-mail Tuesday.

Despite a broader recovery in emerging Asian economies, manufacturing activity in the Philippines dipped last month due to the tighter quarantine rules, said Capital Economics economist Alex Holmes.

“We suspect this (decline in PMI) will be short-lived for Vietnam, where the virus appears to already be back under control. But things are likely to take longer to recover in the Philippines,” Mr. Holmes said in a note on Tuesday, referring to Vietnam’s PMI of 45.7.

“Looking ahead, a slow recovery in external demand is likely to drive further small improvements in conditions for Asia’s export-orientated manufacturers. That said, it is still likely to be a long time before output consistently returns to pre-crisis levels,” he added.

The think tank Oxford Economics also has a dim outlook for the Philippine manufacturing sector.

“In our view, recovery prospects vary greatly across the region, with China, South Korea and Taiwan firmly in the lead, and India and Philippines trailing far behind in our forecasts,” Oxford Economics said in a note Tuesday. — B.M. Laforga

Manufacturing purchasing managers’ index of select ASEAN economies, Aug. (2020)

THE Philippine capital’s return to a stricter lockdown in the first two weeks of August dampened manufacturing activity, which fell to a three-month low, IHS Markit said on Tuesday. Read the full story.

Manufacturing purchasing managers’ index of select ASEAN economies, August (2020)

Philippines seeks $600-million loan for 4Ps program

THE Philippines is seeking a fresh $600-million (P29.1-billion) loan from the World Bank (WB) to extend its conditional cash grants to poor families amid the coronavirus disease 2019 (COVID-19) pandemic.

Documents from the World Bank showed the proposed Beneficiary FIRST Social Protection Project is expected to be approved on Sept. 15.

Proceeds of the loan will partially fund the proposed $10-billion (P485- billion) Pantawid Pamilyang Pilipino Program (4Ps) in the next five years.

The project aims to mitigate the impact of the pandemic on low-income families and boost the Department of Social Welfare and Development’s (DSWD) social protection delivery systems.

The bulk of the funds or $580 million (P28.1 billion) will support the cash handouts under the 4Ps.

“This combines financing support for the DSWD to mitigate the negative welfare impacts of the COVID-19 on 4Ps households with longer-term resources to enable DSWD’s efforts to prepare for future shocks,” the document read.

Of the $580 million, $300 million (P14.5 billion) will be used immediately to disburse cash grants for 4Ps beneficiaries as the pandemic continues.

“Rapid financing would be disbursed against the statement of expenses for cash grants paid to 4Ps beneficiaries during the first year of the project implementation, given the urgent needs for funds during the response phase of the COVID-19 pandemic,” it said.

Around $280 million (P13.6 billion) is expected to be disbursed from the second year onwards, although it will depend on the achievement of performance targets.

The remaining $20 million (P970 million) will be used to modernize the payment delivery system of the DSWD, the main implementing agency of the program, and help it establish its own grievance redress system for beneficiaries.

The project will also support DSWD’s medium-term digital transformation strategy, development of its information technology system for assessment of recipients, and improvement of its database of beneficiaries.

The World Bank said the contingent emergency response component (CERC) currently has no funding allocation but will allow funds to be reallocated when needed.

“The government can request the WB to urgently activate CERC and reallocate the undisbursed balance to support the implementation of the government’s emergency plan. Additional financing can also be mobilized to fully or partially replenish the funds reallocated to the CERC in accordance with the WB’s requirements,” it said.

As the project aims to mitigate the impact of the pandemic, the World Bank warned of social risks such as delays in services, increase in student drop-outs, rise in child labor, and higher malnutrition among children.

“The Pantawid program has contributed to overall poverty reduction in the country, and has proven its consistent and lasting impacts on health/educational outcomes of children from poor households, as evidenced in various studies,” it said.

Poverty rate has steadily declined to 16.6% in 2018 from 26.6% in 2006, while the unemployment rate went down to 5.1% in 2019 before it surged to 17.7% in April at the height of the lockdown.

“The slowdown of the economy due to COVID-19 is likely to reverse the substantial progress in poverty reduction. The extended quarantine period has adversely affected jobs, particularly among informal workers, which had been fueling growth in household incomes among lower income groups,” it said.

Since 2008, the World Bank has been providing financial and technical support to 4Ps, the country’s flagship safety net program where cash grants were given to poor families to ensure their children’s health and education.

The World Bank said last month it will lend $1.9 billion in fresh loans to the country in the remaining months of the year to help the economy get back on track. It said three loans worth $1 billion will be approved this month.

From April to early August, the bank has released $1.67 billion in loans to the Philippines — $500 million for the government’s COVID-19 response, $500 million for disaster risk management and $200 million for social protection in budgetary support; and $470 million in two project loans. — B.M. Laforga

More firms may follow SMC’s lead in seeking tax perks for airport projects

By Arjay L. Balinbin, Senior Reporter

THE proposed tax incentives for San Miguel Aerocity’s Bulacan airport project is prompting other groups to explore the possibility of securing similar perks for their own projects.

However, the Finance department is opposed to a House panel’s move to exempt the San Miguel Corp. (SMC) subsidiary from all taxes while building the airport, saying it does not want this to set a precedent.

Chelsea Logistics and Infrastructure Holdings Corp., which has an unsolicited proposal to modernize the Davao International Airport, may consider requesting the same incentives.

“If there will be such a thing, then chances are that we can also request (tax incentives),” Chelsea Logistics President and Chief Executive Officer Chryss Alfonsus V. Damuy said in a phone message.

The province of Cavite also wants to explore the same perks for its Sangley airport project with the consortium of MacroAsia Corp. and China Communications Construction Co. Ltd. (CCCC).

“We are studying all angles. Every project should be on equal footing,” Cavite Governor Juanito Victor “Jonvic” C. Remulla told BusinessWorld in a phone message on Aug. 28, adding he will discuss the matter with President Rodrigo R. Duterte.

The House Ways and Means Committee on Aug. 26 approved the tax provision of a bill granting a 50-year franchise for San Miguel Aerocity to build and operate the airport.

Under the measure, the SMC unit will be exempted from paying income taxes, value-added taxes (VAT), percentage taxes, excise taxes, documentary stamp taxes, customs duties and tariffs, taxes on real estate, buildings and personal property, business taxes, franchise taxes, and supervision fees.

After the end of the construction period, San Miguel Aerocity will continue to be exempt from income tax and taxes on real estate, buildings and property for the remainder of its franchise.

“We don’t want precedents, so we’re taking that position with the Bulacan project,” Finance Assistant Secretary Maria Teresa S. Habitan said in a phone message.

Ms. Habitan earlier said the Finance department is “not okay” with the proposed tax incentives for the Bulacan airport project, which is an unsolicited proposal, as “under the build-operate-transfer (BOT) law, the government must not provide subsidies or guarantees to proponents.”

Antonio A. Ligon, law and business professor at De La Salle University, said once Congress approves the Bulacan airport bill, similar projects will also seek the same tax treatment.

“While the power to tax belongs solely to Congress, tax exemptions must be strictly scrutinized and should not be granted easily to a private entity, especially if the project is not for charitable, educational, or religious purposes,” Mr. Ligon said in a phone interview.

‘HUGE GAP’ IN TAX REGIMES
Maria Lourdes P. Lim, tax managing partner at Isla Lipana & Co., PwC Philippines, said in a phone message there are some airport operators that are exempted from paying real property tax (RPT) such as Manila International Airport Authority (MIAA), Mactan-Cebu International Airport Authority (MCIAA), and Clark International Airport Corp. (CIAC), which also enjoys the 5% gross income tax (GIT) incentive.

The House bill for San Miguel Aerocity’s franchise “appears to have granted a much broader exemption,” Ms. Lim said.

“Under the House bill, revenues from the airport operations of San Miguel Aerocity will be entitled to much better incentives since it grants income tax exemption for the entire 50-year concession period as compared to the 5% GIT being enjoyed by CIAC and the mere RPT exemption for MIAA and MCIAA, both government agencies,” she said, noting that the bill also provides further exemption from all other taxes including VAT, local business tax and RPT.

Ms. Lim said further the “huge gap” in the tax regimes between San Miguel Aerocity and the other airport operators “may raise a concern under Article VI, Section 28 of the 1987 Constitution which mandates uniformity in taxation.”

She argued they all belong to “the same class and are similarly situated.”

“Perhaps the transcript of congressional deliberations may give guidance to confirm whether the legislators provided for substantial standards and for the legislative purpose for the different tax treatment,” Ms. Lim added.

However, House Ways and Means Committee Chairman Albay Rep. Jose Maria Clemente S. Salceda said these airport franchises are not “similarly situated” since MIAA, CIAC and MCIAA are government-owned-and-controlled corporations (GOCCs).

“In the case of the three GOCCs, we were going to do the project anyway, with or without the tax incentives. In the case of the Bulacan airport, the operator and developer of a publicly needed infrastructure project is a private enterprise. The incentives have some bearing on whether the project actually pushes through…. So, I think the idea of giving them a different set of tax incentives is justified. We can argue the limits of these incentives, however,” Mr. Salceda said.

“What is exceptional with the San Miguel Aerocity franchise is that although it is owned fully by the private sector, we will be gaining from its profits in excess of a 12% margin. We have not granted any recent franchise to a private enterprise that has a similar provision. So, that’s a win for the government,” he added.

The New Manila International Airport, Mr. Salceda said, will be a direct investment equivalent to 4% of the country’s gross domestic product.

“The indirect benefits, in the form of returns to government in excess of the 12% profit margin, massive job creation in Central Luzon and the surrounding regions, increased investment in the area, and the decongestion of our air transport system, are also extraordinary, from our viewpoint,” he added.

Pandemic forces retailers to innovate, adapt

TIGHT consumer spending, faster e-commerce growth and the need for fast and reliable delivery amid a coronavirus pandemic has forced Philippine retailers to adapt and innovate, according to consulting firm Bain & Company.

Philippine retailers should work on social commerce and digital marketing to take advantage of such radical changes or so-called digital disruptions, Derek Keswakaroon, a partner at Bain & Company Bangkok, said in an e-mailed reply to questions.

But while technology is critical, it is not the be-all and end-all, he said. “It is important to recognize that while digital and technology will be a key driving force toward the future of retail, technology in itself is insufficient.”

He said Filipino retailers should reinvent their value proposition to put customer needs at the center of their operations.

“That might involve putting ultra-convenience at the heart of their offering in response to denser urbanization and the rise of time-poor dual-income households,” Bain & Company said in a report discussing the future of retail in the Asia-Pacific region.

Mr. Keswakaroon said there would still be brick-and-mortar stores, but retailers should strengthen their assets and operations for the future.

“There is still a compelling role that physical stores can play,” he said. “The importance is taking a future back approach to optimally resize and respace the store network, and plan for the next generation of store formats, reflecting the changing role of stores,” he added.

In the report, Bain & Company said the Philippine retail industry barely experiences radical digital innovations and has a market that is less mature than in developed economies such as South Korea and Australia.

It joins Mexico, Russia and neighbors Malaysia and Thailand as “developing digitalizers” in a report.

These countries fall behind countries with so-called high digital disruption and maturity that expect only measured or slight digital growth.

In contrast, countries such as Vietnam and Indonesia both have low digital disruption and market maturity, and are expected to experience the strongest digital growth.

More than half of Filipinos live in cities with more than half-a-million people, according to the report. The country’s top three grocery retailers have a market share of about 42%.

Online users spent an average of 15 minutes a visit on e-commerce platform Lazada between March and May, well above the level during the pre-quarantine period, according to the Alibaba Group unit. Transactions on Lazada rose by almost a tenth, it said.

Lazada said the health crisis gives businesses, especially micro, small and medium enterprises, more reasons to take their businesses online.

The value of electronic payment transactions hit P53 billion at the height of a coronavirus lockdown in April, or an average of P6,130 per transaction, according to Philippine Payments Management, Inc., an industry partner of the Bangko Sentral ng Pilipinas.

On Lazada, customers are also finding entertainment in the form of LazLive, a so-called shopper-tainment feature, which draws about 70,000 views per show.

Lazada said shopping online is no longer just a buy-and-sell transaction. The customer journey is omnichannel, so it is important to drive brand engagement and touch base with customers, both on online and offline channels, it said.

One key online battleground during the lockdown was consumer essentials, which might have migrated decisively to online even beyond the pandemic, with shoppers remaining wary of safety issues associated with shopping on site.

At least four of 10 digital consumers in Southeast Asia were found to have spent more on packaged and fresh groceries online this year, with at least 80% of them indicating their intention to continue buying groceries online in the future, according to Facebook, citing a study by Bain & Company.

In March, ride-hailing company Grab launched GrabMart in the Philippines, partnering with more than 150 stores, from big supermarkets to small retailers, with a delivery area of 17 cities in and around Metro Manila. — Jenina P. Ibañez

In the midst of a pandemic, Shell Art tilt theme touches on hope

ENTRIES are now welcome for the 53rd Shell National Students Art Competition (NSAC), with the theme corresponding to the COVID-19 crisis: Hope In Our Art.

“Art can inspire creativity, provoke thought, and empower people to make a change — and that is how it gives hope,” said Serge Bernal, Jr., Vice-President of External and Government Relations of Pilipinas Shell Petroleum Corp. (PSPC), during a webinar on Aug. 25. “Young artists often have a fresher vision and an untarnished idealism. We believe that they can influence the country towards a better and brighter future. Shell continues to invest in programs that promote social development because we believe in the power of the Filipino youth.”

“As heralds of the visual arts, how will you spark hope in the hearts of Filipinos amidst the challenges we face as one nation?,” says the official announcement for the 53rd competition. “Now more than ever, our nation needs enablers who will not just ignite creativity to many but can also bring hope and show resilience amidst the adversaries that we are battling.”

“Using your brush, hands, pen, and technology, show us how you envision a resilient nation,” it says, and goes on to suggest what the students may wish to illustrate: “A nation guided by servant leaders and modern-day heroes; a nation with enhanced education system, strong transportation and infrastructure implementation; a nation strengthened by solidarity and communal efforts; a nation that advocates for sustainability and safeguards the environment.”

The contest is open to college students who are currently enrolled in a duly recognized college or university in the Philippines for the academic year 2020 to 2021 with at least 12 units.  The contest is also open to college students who have enrolled in a duly recognized college or university in the Philippines in any of the semesters for the academic year 2019 to 2020 with at least 12 units, with Senior High School and graduates of the academic year of 2019-2020 not included for eligibility. Entries are accepted until Oct. 11.

Students can win up to P60,000, a gold medal, and a plaque for First Prize. In addition to that, “The respective college or department of the first prize winners will get a special grant worth P20,000 in  support of the Faculty Development Program,” according to the contest mechanics. The Second Prize Winner will win P40,000, a silver medal, and a plaque; and the winner for Third Prize will win P30,000, a bronze medal, and a plaque. Contact shellnsacsecretariat@gmail.com for inquiries regarding submission  of entries.

“We have seen through the years a multitude of talent in the entries we have received, since its inception in 1952. We have since gathered a roster of acclaimed alumni, some of which went on to become National Artists,” said Shell’s Mr. Bernal. Among them are Jose Joya, Federico Aguilar Alcuaz, Ang Kiukok, and Benedicto “BenCab” Cabrera. “More than a source of pride, these artists have given us a sense of purpose, an appreciation of history, and the value of nation building.”

Mariles Gustilo, Senior Director, Arts and Culture of Ayala Foundation Inc. (AFI) said that Shell has donated the winning entries since 1952 to the Ayala Museum in 2017. Those entries, according to her, now form the core of the Philippine contemporary art collection.

This year, instead of a physical exhibit, entries will be featured in a virtual exhibit. While this is also a selling exhibit — there will be a virtual auction, with half the purchase price going to the student and half to charity — the winning entries will not be sold, but will instead be donated to Ayala Museum.

For complete contest mechanics including details on the exhibit and auction, visit https://www.shell.com.ph/energy-and-innovation/make-the-future/national-students-art-competition-hope-in-our-art/_jcr_content/par/toptasks_107961138.stream/1598164851932/2ad47283064395f2e9d6ed632ea8010f46433a93/shell-national-students-art-competition-2020-hope-in-our-art-mechanics.pdf — Joseph L. Garcia

Alsons to boost clean power portfolio in coming years

ALSONS Consolidated Resources, Inc. will raise its renewable portfolio in the coming years, which it expects to deliver nearly half of its earnings.

The Alcantara-led listed holding firm is set to offer P1 billion in the second series of its debt program, the proceeds of which will fund its eight run-of-river hydropower plant projects in the pipeline, the company said in a stock exchange filing on Monday.

“In the next few years, in terms of the number of power facilities, renewable energy will constitute the largest segment in Alsons’ power portfolio,” Alsons Chairman and President Tomas I. Alcantara said in the disclosure.

Out of the eight projects, the 14.5-megawatt (MW) hydropower plant in Maasim, Sarangani province is now under construction and is expected to start operating by 2022.

After completing three renewable facilities, clean power will make up 35% of its income, rising to 45% when five more go online in the future, according to Alsons Deputy Chief Financial Officer Philip Edward B. Sagun.

The company is also developing the 105-MW San Ramon Power, Inc. baseload coal-fired power plant in Zamboanga City, which is expected to begin construction early next year once it gets a construction contract.

Alsons’ P2.5-billion debt service program started in 2018 and is registered with the Securities and Exchange Commission (SEC).

Its latest tranche of issuance was rated PRS A plus by the Philippine Rating Services Corp. (PhilRatings), which means the company has an above-average capacity to meet its financial obligations. It was also given a stable outlook, meaning its rating was likely to be maintained in the next 12 months.

Alsons’ net income soared more than four times to P1.39 billion in the first half from a year earlier, driven by its 210-MW Sarangani Energy Corp. coal-fired baseload plant that was fully operational during the period. Revenue jumped to P5.28 billion from P3.10 billion.

The holding firm is engaged in both power production and real estate. It has four power generators with a combined capacity of 468 MW.

The company said at its recent annual stockholders’ meeting it was considering the sale of its property business.

Alsons shares were unchanged at P1.27 at the close of trading on Monday. — Adam J. Ang

A daughter’s words

By Isabel Legarda M.D.

As much of the world is in lockdown because of the ongoing COVID-19 pandemic, many of the rituals that give one comfort after the passing of a loved one have been disrupted. Unable to hold a wake and funeral after the passing of her father, World War II historian and economist Benito J. Legarda (Aug. 6, 1926 – Aug. 26, 2020), his daughter wrote a personal tribute to him that she would have used as eulogy. 

THERE is never enough time.

My father, Benito J. Legarda, died on Aug. 26 of COVID-19. He was 94 years old. Already, numerous tributes have appeared in the press and on social media praising his career as an economist and historian, his mentoring of rising scholars, his stature as a man of letters, and his commitment to the preservation of Philippine history. As proud as I am of the impact his scholarship has had on others’ lives, these can only offer glimpses of the man I knew as my dad.

In his almost-century-long lifetime he saw the world move from kalesas (horse-drawn carriages) to cars, music at home played on pianos to playlists on Pandora, international travel by ship to jumbo jets powerful enough to fly directly from the East Coast of the US to the Philippines. He survived and wrote about World War II in Manila, obtained degrees from Georgetown and Harvard, married, parented, worked, retired, studied, wrote. Thanks to his grandchildren, he was just beginning to learn what an app was, what a meme was.

He adored his grandchildren, who called him their “Abu.” Of her Abu, my daughter wrote on her Facebook tribute to him, “He loved oysters and chocolate cake.” I don’t know that he ever encountered a manifestation of dark chocolate that he didn’t absolutely, almost rhapsodically, love from start to finish. He passed on to me a similar rapture over the stinkiest of cheeses. I’ve never seen anyone enjoy full, multi-course meals as he did: soup, main course, dessert, and often a cup of herbal tea. Dios te conserve el apetito, he used to say, quoting his own father: God preserve your appetite. To the very end, his appetite not only for sustenance but also for life remained robust.

The dinner table was our place to spend “quality time” with him, and it was a banquet of stories as well as delicious food. Some that I remember: he enjoyed chasing after fireflies as a child, and relished the taste of salabat (ginger tea) after Mass from a stall outside the church; his grandmother as a teenager took a stroll in Paris with José Rizal the year the Eiffel Tower was completed; when he was 16 a Japanese soldier threatened his life; when he was ready to attend university he had to time perfectly his leap from a bobbing dinghy to a rope ladder dangling off a larger ship to sail to America; he was unsure of which public restroom to use in the US after the war -— the one labeled “white” or the one labeled “colored;” and some of his happiest memories came from his adventures with the Harvard Glee Club.

He could identify almost any piece of classical music that was playing on the radio, and he could recite poetry from memory, thanks to formative years spent ensconced, under the tutelage of the Jesuits, with the likes of Tennyson and Swinburne. Whenever we would be out at night and there were clouds around the moon, he would quote “The Highwayman” by Alfred Noyes and say, “The moon was a ghostly galleon tossed upon cloudy seas.” On the night he died, when my husband, daughter, and I went out for a quiet dinner outdoors (including oysters, in his honor), my daughter looked up at the sky and exclaimed, “It’s Abu’s moon!” And indeed, there it was: a half moon surrounded by a few clouds, a few wisps of which could be seen adrift across its luminous surface – a ghostly galleon tossed upon cloudy seas.

He cared deeply about getting the facts right; this was the fire that lit his efforts to write The Hills of Sampaloc. Sometimes we would be visiting some historic site listening to a tour guide, and if the guide said something slightly inaccurate about, say, a gothic cathedral or a historic battle, my mother and I would brace ourselves waiting for the polite but pointed correction that my father would be unable to resist offering. Sometimes we would forget that he was listening to conversations quite carefully; he might appear absorbed in his meal or seem to be relaxing at the table with his eyes closed, but suddenly he would interject with a witty rebuttal or an incisive insight. He would write out all his lectures or articles long-hand on a yellow legal pad, and the ones to be delivered in Spanish came out in Spanish, with no need for a first draft in any other language.

He had a sense of humor and very much enjoyed a good laugh. He would erupt with laughter over my children’s antics or stories when they were younger. One time I showed him a video of my son’s school orchestra playing a Halloween concert for which each player came out and played in costume. How my dad guffawed with delight at the sight of his grandson playing violin in a sheet with two eyeholes cut into it, like the ghosts on the Peanuts cartoon strips.

He was known for his gargantuan intellect, but what people may not know is that he had a tender side for those he loved. If he noticed one of us admiring something in a shop, he would secretly buy it and give it as a gift for the next birthday or holiday. He would insist, despite my protestations, on traveling across the world to celebrate my birthday with me even long after I had stopped celebrating it myself; he was deeply disappointed not to have been able to do so for my last birthday because of the pandemic. He could sometimes be clueless about blurting out sensitive questions, but also sweet and concerned if someone he cared about was truly in trouble or in pain. He was as stubborn as could be, and often impatient- –— traits he seems to have passed on to me – but perhaps because of these tendencies, he held everyone around him – family, employees, colleagues, the Philippine government, the Japanese government – to high standards and would not be content with less than our best. At the same time, he could shrug off infuriating political or economic developments with an acceptance that sometimes baffled me. He was a man who believed, because he had seen, that everything passes, even exceedingly bad things, and the arc toward justice can be long.

How to measure a life, when even the longest lives we know pass so quickly? As the song “100 Years” by Five for Fighting reminds us, we’re only 15 for a moment, then 33, then 45, then 67, then if we’re lucky, 99, in an ever-accelerating passage of time that makes of our lifetimes a series of fleeting moments we must cherish, and cherish hard, before they slip away. Poet Maya Angelou famously said, “I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” Others have highlighted with deep respect what my father achieved; I want to remember here that the impact of his great life on those closest to him lay in the moments we felt cared for because he was on our side.

To our country’s rising scholars, and those who are guiding them, I ask that you carry on my father’s inextinguishable passion for justice, precision in all things, and the highest of standards. There was no “puwede na ‘yan” (that is good enough) or “okay na ‘yan” with him. If it is not okay, do not rest. Fight for what is right, whether it be a correctly placed fact, a needed recognition of past atrocities, or a refusal to let politics trump truth and honor. Stand up for truth and honor, as he did. There is no better way to respect his life and legacy.

Every human death is the loss of a unique person, which is why, whatever our beliefs about what happens to us after death, the loss is so painful. In my father’s case, I realize, the need to mourn is the nation’s as much as my own; so many have commented on how his death marks the end of an era in Philippine letters. But for me, for our family, his death means the personal loss of a special presence that can never be replaced. Never again that booming laugh, those funny interjections. Never again the passing on of stories at the dinner table from an encyclopedic memory and a wealth of lived experience. The world had him for almost a 100 years. But there is never enough time.

Lucio Tan spouse dies at 77

LUCIA “Letty” G. Tan, the wife of Philippine taipan Lucio C. Tan, Sr. died on Monday after battling a lingering illness, her family said in a statement on Tuesday. She was 77.

Mrs. Tan is survived by her husband and children Michael and Angeline, Sharon and Edgard, John and Nancy, Cherry and Alfred, Timmy and Christine, and her grandchildren.

“Our mom will always be remembered for her kindness and big heart,” her children said. “We will all miss her.”

Her wake will run from Sept. 2 to 7 at the Chapel 3 of Heritage Park Memorial Chapel in Taguig City, according to the statement. She will be buried on Sept. 8.

Lucio is the 10th richest man in the Philippines, with a net worth of $1.7 billion, according to Forbes’ 2020 World’s Billionaires List. He has interests in airlines, tobacco, liquor, banking, beverages and property development. — Denise A. Valdez

New York museums reopen with masks, sanitizers, and no crowds

AFTER more than five months in hibernation, the museums of New York are slowly starting to reopen, reawakening part of the cultural life of the city.

The Metropolitan Museum of Art opened to the general public on Saturday after members were allowed back on Thursday. The Museum of Modern Art (MoMA) just opened last week, the Whitney Museum of American Art will reopen this week and the Guggenheim plans to return in October.

“It’s important psychologically and spiritually for the people of New York City,” said Tom Finkelpearl, the city’s former cultural affairs commissioner. “When there’s turmoil, that’s the time when you want to go to a museum, to have that moment of connection with a work of art.”

With practically no tourists, who usually make up the lion’s share of visitors, and government restrictions on capacity, the impact of museum reopenings will be more symbolic than economic, Mr. Finkelpearl said. The fixed costs will remain the same, while the revenue will plunge, he said.

Countless exhibitions in galleries and museums have been cancelled or postponed. The Met alone has already cut 400 jobs and expects to lose $150 million in revenue due to the pandemic. The picture is even bleaker in the performing arts: Broadway theaters, Lincoln Center and Carnegie Hall plan to stay dark until at least next year.

Even at 25% of its capacity, the Met, with 2.2 million square feet of exhibition space, can accommodate as many as 2,000 people every hour, said Laurel Britton, senior vice-president for revenue and operations. That number is likely hypothetical. The museum doesn’t expect to have more than 4,000 visitors a day, she said. There’s a silver lining: no crowds.

“I think it will increase your enjoyment of the experience,” Mr. Britton said. “We are going to be a hyper local museum.”

For the visitors who do come, the experience will be different. At the Met, new procedures will include temperature checks outside on the plaza, timed tickets, and mandatory masks. Smaller galleries and coat checks will be closed, water fountains shut down. Open seven days a week prior to the pandemic, the museum will be closed on Tuesdays and Wednesdays.

Some of the Met’s exhibitions had only been on display for a few days before the pandemic prompted lockdowns.

Photography’s Last Century, an exhibition of the collection of museum trustee Ann Tenenbaum, had opened just a few days before the closures in March. It’s a display of more than 60 photographs, spanning the 20th century, by Walker Evans, Man Ray, Cindy Sherman and others. The works will enter the museum collection as part of the promised gift from her and her husband Thomas H. Lee, chairman of Lee Equity Partners.

The reopening will be bittersweet for Ms. Tenenbaum. Like many other New Yorkers, she lost relatives to COVID-19: her parents. They had traveled from Savannah, Georgia, for the March 9 exhibition opening, and they were proud of their daughter’s collection. It isn’t clear where they contracted the coronavirus, but it could have been at a dinner with friends the night before the opening, Ms. Tenenbaum said. Several other diners also became sick.

“We did have two amazing weeks with them before they died,” she said. “That was a gift. They loved New York so much.” — Bloomberg

Phinma closes P400-M outlay in cement unit

PHINMA CORP. on Tuesday closed its P400-million investment in Philcement Corp. after paying the last tranche of its deal value.

The company paid Philcement P60 million on Tuesday, completing its investment in the latter’s preferred shares.

Phinma in August last year said it would buy P400 million worth of preferred shares in Philcement, where it has a 60% stake. The investment is meant to help the unit expand.

Philcement has a cement facility in Bataan that produces two million tons of cement yearly. It is also in the process of taking over the port that it leases for the cement processing terminal through an P800-million deal.

The company gets its cement products from Vietnam that it then distributes in bulk and 40-kilo bags across the Philippines.

Philcement’s operations helped Phinma temper its income decline in the first half, contributing P224.2 million, nearly three times more than a year earlier.

Philcement sales rose to a record 4.22 million bags in June when quarantine restrictions were eased and construction work was allowed to resume. This pushed its revenue up 63% to P2.37 billion.

Aside from cement, Phinma also has investments in education, property, steel products and the hospitality sector. It swung to a net loss of P38.28 million in the six months to June after a coronavirus pandemic forced it to shut operations. — Denise A. Valdez