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Vietnam orders Netflix to remove Australian spy show over South China Sea map

NETFLIX

HANOI, July 2 — Netflix, Inc. has removed Australian spy drama Pine Gap from its services in Vietnam after a complaint from broadcast authorities in the Southeast Asian country about the appearance of a map which depicts Chinese claims in the South China Sea.

The map, which briefly features on the screens of a control room at a spy base in two episodes of the six-part show, depicts China’s unilaterally declared “nine-dash line” and is displayed within the context of maritime claims in the region.

“Netflix’s violations angered and hurt the feelings of the entire people of Vietnam,” the Authority of Broadcasting and Electronic Information said in a statement on its website.

“This is the third time in a row in the last 12 months that Netflix has been found to distribute movies and TV shows containing content which violate Vietnam’s sovereignty,” said the statement, which was dated July 1.

The “nine-dash line” is a U-shaped feature used on Chinese maps to illustrate its disputed claims over vast expanses of the resource-rich South China Sea, including large swathes of what Vietnam regards as its continental shelf, where it has awarded oil concessions.

Chinese and Vietnamese ships have in recent years been embroiled in months-long standoffs in the disputed waterways.

Netflix confirmed it had removed the show in Vietnam but said it remained available on the service in the rest of the world.

“Following a written legal demand from the Vietnamese regulator, we have removed the licensed series, Pine Gap, from Netflix in Vietnam, to comply with local law,” a Netflix spokesperson said.

In Oct. 2019, Vietnam pulled DreamWorks’ animated film Abominable from cinemas over a scene featuring a similar map showing the “nine-dash line.”

Vietnam’s broadcasting authority said the other two shows which it had raised as issues with Netflix were Put Your Head on My Shoulder, a 2019 Chinese rom-com, and the US political drama Madam Secretary.

Put Your Head on My Shoulder was still visible on Netflix on Friday, although Madam Secretary was not. — Reuters

Gov’t fully awards T-bills even as yields rise on inflation bets

BW FILE PHOTO
THE BUREAU of the Treasury made a full award of the short-tenored papers it offered on Monday even as rates inched up. — BW FILE PHOTO

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday even as rates edged up across the board due to cautious investor sentiment.

The Bureau of the Treasury (BTr) raised P15 billion as planned via its auction of T-bills on Monday, with total tenders reaching P49.323 billion, making the offering more than three times oversubscribed. The demand for the papers, however, was smaller than the P53.567 billion bids seen in last week’s auction.

Broken down, the Treasury raised P5 billion as programmed via the 91-day debt papers from P16.55 billion in bids. The three-month T-bills fetched an average rate of 1.044%, up by 1.3 basis points (bps) from the 1.031% quoted at last week’s auction.

It also borrowed the planned P5 billion from the 182-day T-bills after the tenor attracted bids worth P16.112 billion. The average rate of the six-month debt inched up by 1.9 bps to 1.351% on Monday from 1.332% previously.

Lastly, the BTr made a full P5-billion award of the 364-day securities it offered on Monday as tenders hit P16.661 billion. The one-year debt papers were quoted at an average rate of 1.568%, a tad higher than the 1.562% seen in the previous auction.

National Treasurer Rosalia V. de Leon said the rates of the T-bills inched higher on Monday as threats to economic recovery linger, even after the latest manufacturing Purchasing Managers’ Index (PMI) reading signaled improving conditions.

The Philippine manufacturing PMI rose to 50.8 in June from 49.9 in May, the first time since March that the index breached the 50 neutral mark that separates contraction from expansion.

Ms. De Leon said investors remain cautious due to the new Delta variant of the coronavirus disease 2019 (COVID-19) and elevated inflation.

On the other hand, a bond trader said market players asked for slightly higher rates at Monday’s auction because T-bill yields are already too low due to their steady decline in previous offerings.

Other investors may have also placed higher bids in case inflation increased faster than expected last month, the trader said.

Health officials said there has been no local transmission of the Delta variant of COVID-19 in the Philippines so far as travelers are being strictly monitored for possible infections.

Meanwhile, headline inflation may have eased slightly in June amid improving food supply conditions and lower transport prices.

A BusinessWorld poll of 14 analysts held last week yielded a median estimate of 4.3% for June headline inflation, matching the midpoint of the 3.9% to 4.7% estimate given by the Bangko Sentral ng Pilipinas (BSP) for the month.

If realized, June would mark the sixth consecutive month that inflation went beyond the BSP’s 2-4% target and would also be faster than the 2.5% print logged in the same month last year. Still, the month’s headline print would be slower than the 4.5% logged in May.

The Philippine Statistics Authority will report June inflation data on Tuesday.

The BTr will also offer on Tuesday P35 billion in reissued seven-year Treasury bonds (T-bonds) with a remaining life of six years and nine months.

The Treasury is looking to raise P235 billion from the local market this month: P60 billion via weekly offers of T-bills and P175 billion from weekly auctions of T-bonds.

The government wants to borrow P3 trillion from domestic and external sources this year to fund a budget deficit seen to hit 9.3% of the economy. — B.M. Laforga

RLC Residences opens new sales hub

SYNC Building Perspective

RLC RESIDENCES recently opened a new sales hub for its Sync condominium development.

The condominium project is strategically located less than 10 kilometers from Ortigas business district, Bonifacio Global City, Makati, and the emerging Bridgetowne township.

The Sync sales hub is located along C-5 Bagong Ilog, Pasig City.

“With its strategic location, Sync offers a haven for urban professionals looking for a home that can cater to their on-the-go lifestyle,” RLC said.

Sync’s amenities include a rooftop jog trail and fitness center, game room, private theater, and leisure pool.

Interested buyers can schedule your visit at the Sync Sales Hub via our Online Appointment Link bit.ly/RLCResidences_OnlineAppointment.

Arthaland breaks ground for Lucima project in Cebu

ARTHALAND Corp. on Monday broke ground for its Lucima project in Cebu — a “sustainable” residential condominium on a 2,245 square-meter (sq.m.) property.

“With this project, we are expanding our footprint in Southern Philippines,” Arthaland President Jaime C. Gonzalez said during the virtual launch on Monday, adding that the project is envisioned to be the first quadruple-certified sustainable high-rise residential condominium in the country.

Lucima is located in the heart of Cebu Business Park. The company said it is targeting city dwellers and business executives for the project.

The project features low-E double-glazed glass, energy recovery ventilators, and a carbon monoxide tracker per unit, among others.

Residents will have access to virtual concierge and “autonomous surveillance” robots, which are said to be used to promote a safer and contactless environment.

It will have 30 residential floors with over 260 units. Its one-bedroom offerings have floor areas around 38 sq.m. to 54 sq.m., two-bedroom units with 88 sq.m. to 106 sq.m., and three-bedroom units from 125 sq.m. and up. Lucima’s largest unit is said to be over 500 sq.m.

Lucima is slated to be completed by the third quarter of 2025.

Shares of Arthaland at the stock exchange went up by 1.49% or one centavo to close at P0.68 apiece on Monday. — Keren Concepcion G. Valmonte

The story has been updated to reflect the company’s request that it envisions Lucima to be the country’s first ‘quadruple-certified’ sustainable condominium.

Smoke screens: vaping on film looks less glamorous than the Hollywood smoking of yesteryear

In 1997’s Titanic, Kate Winslet made smoking look good. — IMDB.COM

THE MURDER investigation hits another dead end. Tired and frustrated, the detective stomps out of the station. She stares into the middle distance, forcefully sucking on a vape and expelling smoky puffs. Actress Kate Winslett has smoked on screen before, but not like this.

The tobacco and entertainment industries have long and tangled histories — including product placement in movies, television sponsorships, and promotional relationships with glamorous Hollywood stars. In 2012, the US Surgeon General’s report found “a causal relationship between depictions of smoking in the movies and the initiation of smoking among young people.”

Now new forms of nicotine consumption are being reflected in popular culture. Is vaping in movies and television merely a case of history repeating or something else entirely?

From Humphrey Bogart’s hardboiled detective roles in the 1940s through teen rebels like James Dean and Olivia Newton-John in Grease to Sharon Stone’s femme fatale in the 1990s, smoking was a constant sight for cinema-goers until recently. Then attitudes and policies began to change in line with health warnings and government regulations.

While some major tobacco companies state they no longer pay for or allow their tobacco brands to appear on screen, depictions of smoking remain relatively common, including in global streaming service content with high youth viewership.

Equally, entertainment content creators, such as Disney, have stated they will no longer include smoking depictions in content aimed at children. But policy exceptions mean smoking depictions on screens continue.

Now vaping is also being depicted in films and on television.

Researched since the 1930s but first commercialized in 2003, e-cigarettes were designed to look like cigarettes, cigars, pipes, pens, or memory sticks. As told in the podcast The Vaping Fix, battery-operated products like Juul were proposed as a safer form of smoking. They are emerging as far from harmless. In Australia it is illegal to sell e-cigarettes containing nicotine.

The increasing popularity of e-cigarettes, vaping devices, and heated tobacco has seen these products appear in popular movies and television shows.

One of the earliest on-screen examples of e-cigarette use is from the 2010 film, The Tourist, which features Johnny Depp’s character using an electronic cigarette on a train.

Kevin Spacey’s character vapes in a luxe room in the second season of House of Cards.

In 2014, a Canadian e-cigarette company reportedly paid for its product to be used by the female lead, played by Milla Jovovich, in the film adaption of Cymbeline.

At first glance it seems the vaping industry is simply repeating the highly successful tobacco marketing strategies of the past.

Since these early examples of e-cigarette use on screen, the global tobacco industry has become heavily invested in vaping products and their promotion. Exposure to vaping depictions and imagery on social media platforms is rife and includes paying high profile users to promote e-cigarettes and tobacco products.

On June 29, 2021, e-cigarette maker Juul, of which tobacco giant Altria (parent company of Philip Morris USA) has a 35% share, agreed to pay the US state of North Carolina $40 million for allegedly marketing to teenagers.

In contrast to early cinematic cigarette smoking, vaping in the critically acclaimed and popular television series, Mare of Easttown, is depicted as less than glamorous.

Kate Winslet stars as the titular character. Mare is a small-town detective who is haunted by family tragedy and is part of a community affected by drug use, violence, limited health and social services, and poverty. She vapes in scenes of high stress and to escape conflict situations.

While Mare is a highly sympathetic character, her vaping is depicted as an addiction, not as an aspirational activity. (Insiders say the vape was a prop only and didn’t contain nicotine or tobacco.)

Mare also smokes a cigarette in the series which is a realistic portrayal, as nearly 40% of US adult e-cigarette users also smoke. Her smoking is not depicted as desirable or fashionable and the series’ themes make it decidedly adult viewing.

This stands in stark comparison to previous Winslet roles. In the 1997 film Titanic, her Rose character smokes using a slender cigarette holder while in the elegant dress and surrounds of the luxury cruise liner.

Other high-profile recent portrayals of vaping on screen include Rosamund Pike’s character, Marla, in the film, I Care a Lot. Her character has previously run a failed vape business.

There is no evidence or suggestion the vaping in Mare of Easttown or I Care a Lot is directly sponsored by the vaping or tobacco industry. These particular depictions may accurately reflect the reality of vaping and its growing popularity.

Given Australia’s strict regulation of vaping products, including advertising restrictions and a ban on the retail sale of any devices that contain nicotine, no paid vaping product placement would be permissible in content that is produced in Australia. However, much of the media and entertainment content viewed in Australia is not made here.

Similarly, while paid tobacco placement or sponsorship of media content produced within Australia would be a violation of the Tobacco Advertising Prohibition Act 1992 Act, it does not prevent content made overseas, that may contain paid promotions, from being distributed here.

Tobacco depictions, even those that glamorize or promote smoking, are permissible provided these are of no support or payment by the tobacco industry. Tobacco use may be considered though by the Australian Classification Board when assigning a classification rating.

Several policy solutions have been proposed to reduce smoking depictions on screens and these could equally apply to vaping depictions. They include adult ratings on content that depicts use, certifying that no payoffs were received for vaping depictions and not making vaping brands identifiable on screen.

With the smoking and media landscape changing, it is critical Australia keeps pace with a ban on the advertising and promotion of all tobacco and vaping products.

 

Becky Freeman is an Associate professor at the University of Sydney. Christina Watts has a PhD from the University of Sydney.

RCBC eyes integrated platform to simplify SME loan processing

RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to create an end-to-end platform that will simplify loan processing for small- and medium-sized enterprises (SMEs).

This platform will include features such as online application, loans processing, and account management, where clients can pay loans and avail of products and solutions from the bank, it said in a statement on Monday.

In 2019, RCBC tapped data analytics and cloud-based technology to simplify its loan processing. These initiatives have enabled the bank to offer customized solutions and faster credit disbursement for their business clients.

“One of the biggest challenges for SMEs is access to financing. Being able to lessen the turnaround time will help them significantly,” RCBC First Senior Vice-President and SME Group Head Ma. Angela V. Tinio said.

RCBC said their manual end-to-end process has so far been simplified by 50%. Meanwhile, its auto-credit investigation turnaround time was shortened to four hours due to the integrated system between the bank’s sales cloud and third-party bureaus. With the credit checking process streamlined, turnaround time has been reduced to eight days.

Aside from boosting technology, Ms. Tinio said they have also provided training to their relationship managers to better attend to their duties to their clients remotely.

RCBC President and Chief Executive Officer Eugene S. Acevedo has said the bank is looking to expand its digital presence and veer away from traditional bank transactions as more clients are increasingly preferring doing these online.

The Yuchengco-led bank’s net income declined by 31.55% to P1.58 billion in the first quarter from P2.308 billion a year earlier due to trading losses and lower foreign exchange gains.

RCBC’s shares closed at P21 apiece on Monday, down by P1.20 or 5.41% from its Friday finish. — LWTN

DMCI Homes eyes Davao expansion

DMCI Homes Davao Office

DMCI HOMES is looking to expand its footprint in the Davao region.

DMCI Homes Vice-President for Project Development Dennis Yap in a statement said the company is “currently looking into other locations in the region to expand the company’s footprint in the King City of the South.”

DMCI Homes currently has one project in the region — a residential project Verdon Parc development along Ecoland Drive.

The company is showing its commitment to the Davao region by opening a new office. It moved to a new building located in Barangay Maa, Talomo District, Davao City. Its previous office was located at Lot 5A, Sandawa Plaza, Quimpo Blvd., Ecoland.

“With our new office, we look forward to serving Davaoeños better in the coming years and contribute to Davao City’s continuing evolution as a premier living destination through DMCI Homes’ brand of high quality and best value homes,” Mr. Yap said.

AC Energy unit’s diesel plant allowed to connect to grid

THE energy regulator has given the green light for a unit of Ayala-led AC Energy Corp. to connect its 300-megawatt (MW) modular diesel power plant in Rizal province to the Luzon grid.

In a decision posted on its website, the Energy Regulatory Commission (ERC) said that it had approved the application of Ingrid Power Holdings, Inc. to develop and own a dedicated transmission facility.

The transmission project will link the diesel plant to the grid by connecting to the 230-kiloVolt (kV) Malaya substation operated by National Grid Corp. of the Philippines.

However, the commission said that the grid operator will be in charge of operating and maintaining the facility to keep the reliability of the power grid.

In its ruling, the ERC said that Ingrid Power had spent P902.25 million for the transmission project, which covered Phase 1 of the Ingrid substation, Phase 1 of the Malaya substation, project management costs, and import fees, based on figures taken in November 2020.

Energy generated from Ingrid Power’s 300-MW plant is intended to serve as a source of reserves for the Luzon grid, according to the ERC. Project development for the plant is scheduled in two phases, with installations of 150 MW each.

The regulator also required the firm to pay permit fees of P6.77 million in line with the Commonwealth Act No. 146, and the commission’s revised fees and charges.

The commission’s decision, which was posted on its website on June 21, was signed by Chairperson and Chief Executive Officer Agnes VST Devanadera and four other commissioners.

Shares of Ingrid Power’s parent firm AC Energy inched up by 0.24% or two centavos to close at P8.47 apiece on Monday. — Angelica Y. Yang

Entertainment News (07/06/21)

iQiyi releases new Asian shows in July

IQIYI International presents new titles from China, Japan, and Korea this July. New crime and thriller films include Voice of Silence (starring Yoo Ah-in and Yoo Jae-myung), Recalled (starring Seo Yea-ji), and Pipeline (starring Seo In-guk). Romance options include My Love (starring Greg Hsu and Zhang Ruo-nan), Passage of My Youth (starring Zhang Zi-feng and Song Wei-long), and Why Women Cheat (starring Deng Kai and Yao Xiao-xiao). Also in the pipeline is the movie holding the highest box-office record in Japanese film history, Demon Slayer: Kimetsu no Yaiba the Movie: Mugen Train, which earned over $474.6 million worldwide, it was the best-selling film in 2020. The story continues where the TV series Demon Slayer: Kimetsu no Yaiba left off. Meanwhile, the animation series Natsume Yujin-cho has been adapted into a feature film, Ephemeral Bond, which will also be shown this month. Other films on iQiyi International’s slate include The Rescue (starring Eddie Peng), A Writer’s Odyssey (Lei Jiayin and Yang Mi), Detective Chinatown Vol. 2 (Wang Baoqiang and Liu Haoran), as well as several Wuxia classics remakes (The Legend of the Condor Heroes: The Dragon Tamer and King of The New Beggars.) To watch, download the iQiyi app or log in to www.iQ.com.

Leah Halili releases debut single

THE RANSOM Collective’s Leah Halili has taken her sound to warmer, more intimate places with the release of her debut single “Fourth of July” — which is now out on all digital music platforms worldwide. The indie-folk tune tackles a romantic journey between two people who met and found an instant connection. The song was written by Ms. Halili herself, and produced by singer-songwriter Carlos Castaño. The result is a spare, but intricate piece. Ms. Halili — the bassist and vocalist of six-piece band, The Ransom Collective — makes confessional folk-pop songs that memorialize small, intimate details and resonant experiences with a stripped-down direction. The 27-year-old singer-songwriter is now working on an upcoming EP to be independently released soon, with “Fourth of July” as its first single.

Bb Pilipinas opens voting app

WITH just a week before the grand coronation night, Binibining Pilipinas has launched a new mobile app where netizens can vote for their favorite candidates. The candidate with the highest number of votes will automatically secure a wildcard spot in the semifinals on July 11. A registered app user can cast one vote per day only. Voting will run until midnight of July 10. The mobile app will also provide users with information about each candidate, as well as pageant news and updates. It will also link to the online merchandise store. The Binibining Pilipinas mobile app is available for both Android and IOS users via Google Playstore or App Store, or this link: https://qrco.de/bcCykH. Registration and voting on the app are for free. The grand coronation night of Binibining Pilipinas 2021 is on July 11, 9:30 p.m., at the Smart Araneta Coliseum. It will be aired on A2Z, the Kapamilya Channel, and Metro Channel, and will be livestreamed on iWantTFC and the official Binibining Pilipinas YouTube Channel.

brb. releases performance video

INTERNATIONALLY acclaimed R&B trio, brb., released the performance video of its latest single, “saint,” on July 2. This marks the first time that brb. is putting out a live performance showcase for one of their new releases. The song is the lead track of their sophomore EP, fleur, which chronicles a change in direction for the R&B’s group in terms of sound and vibe. Fans can expect more experimentation and collaborations as the group has lined up artists from all over Asia for the coming months.

Wish Ko Lang! marks 19th anniversary 

AWARD-winning public service program and drama anthology Wish Ko Lang! is celebrating its 19th anniversary this month with five special episodes airing every Saturday beginning July 3. The show features inspiring stories that spark hope and remind viewers that dreams can come true amidst adversities. It is hosted by GM News’ Vicky Morales. Set to be part of the month-long anniversary line-up of Wish Ko Lang! are Christopher de Leon, Albert Martinez, Rhian Ramos, and Sanya Lopez. Wish Ko Lang! airs Saturday at 4 p.m. on GMA Network. Viewers abroad can also watch it on GMA Pinoy TV.

Pru Life UK partners with HMOs on group insurance

PRULIFEUK.COM.PH

PRU LIFE UK has launched a group insurance package for employees of businesses that have tapped Intellicare and Avega as their health maintenance organizations (HMO).

“We saw here was an opportunity for us to link up with an HMO to provide health insurance as well as adequate life insurance coverage for employees working in the Philippines,” Pru Life UK President and CEO Antonio G. De Rosas said in an online briefing on Monday.

Existing and new business clients of Intellicare and Avega can avail of the Pru Life UK group insurance package starting this month. and the contract is renewable yearly, PruLife UK vice-president for enterprise business Marinette S. Jaranilla said in an online briefing.

Employees who will be part of the group insurance package will be eligible to life benefits, burial benefits, terminal illness benefits, accidental death and disablement benefits, and critical illness benefits, said Maria Divina H. Furagganan, Pru Life UK Executive Vice-President and Chief Distribution Officer.

The partnership will also include AstraZeneca Plc, which will provide disease awareness for group insurance package beneficiaries through Pru Life UK’s Pulse app. AstraZeneca will focus on campaigns on lung cancer prevention and management.

Ms. Furagganan said employees covered by the group insurance may check their policies and file their claims through the Pulse app. Through the package, employees will have access to paid subscription to the platform, which includes functions like meal planner, access to health and wealth communities, and an exercise buddy, among others.

Pru Life UK booked the second highest net premiums worth P30.98 billion in the life insurance sector in 2020, based on data from the Insurance Commission.

Its net income of P3.27 billion stood as the fourth biggest in the industry last year, while it ranked fifth in terms of its assets which amounted to P117 billion. — Luz Wendy T. Noble

Philippines remains in list of top 10 worst countries for workers for fifth year in a row

Philippines remains in list of top 10 worst countries for workers for fifth year in a row

Household spending outlook less upbeat for the third quarter this year

Household spending outlook less upbeat for the third quarter this year