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Gen Z’s Archie and Riverdale — Stick to the comics

By Patrick Limcaco

Comic/TV Review
Archie
Archie Comic Publications, Inc.
Riverdale
The CW

ARCHIECOMICS.COM

LIKE any comics, Archie has been relaunched, rebooted or expanded multiple times over the last eight decades. I’ve enjoyed some of the alternate dimensions of the Archie universe, his pals and romantic rivals in good, old Riverdale town. I especially loved when they debuted the horror series Afterlife with Archie, and the bittersweet The Married Life anthology, which portrays Archie and his friends as twenty-something adults grappling with career troubles, shady businessmen, and homophobes. But I love Archie’s high school iteration the best. In the new series written by Mark Waid, Archie’s gang return to Riverdale High, this time set in the contemporary world of tweeting, apps, and ghosting.

In Volume 1, Archie Andrews gets a proper introduction as a bumbling, small-town, teenage boy dealing with girl problems. Archie and neighbor Betty Cooper are still best friends/former flames, his best bud Jughead Jones is still obsessed with burgers (and obviously INTJ), and Reggie Mantle is still mean as a snake, and an occasional friend. Future flame Veronica Lodge’s arrival in town complicates matters with her bratty snootiness. It’s always a pleasure to see unexpected developments that were not portrayed before between characters. The goofy spirit of the comics is still intact. Waid cranks up the characters’ stereotypes and deftly has them reciting 2010s teenspeak, and it all works adorably.

On the small screen, Archie’s familiar town manifests differently, especially when compared to the short lived, 1960’s animated series. Whether you’ve seen a single episode or all four seasons of Riverdale, you’d know that it isn’t the most satisfactory rendering of the Archie characters. If, like me, you’ve been struggling to get through an episode because of the glaring plot holes, cringe-inducing dialogue, and the senseless killing of integral characters, it’s best to abandon all hope and stop watching now.

The first season showed promise. It was fascinating to watch these beloved characters in today’s world, thoroughly reimagined by series creative director Roberto Aguirre-Sacasa. A young, hot version of Miss Grundy engaged in sexual relations with Archie? Sure. A bisexual jock Moose Mason romantically involved with openly gay Kelvin Keller? Very much yes. But I lost interest when the nonsensical plot about the Gargoyle King and the Evernever cult rolled out — it’s not even worth summarizing here.

It’s also indefensible how socialite troublemaker Cheryl Blossom has lost her relevance and just serves as a nonsensical plot device of the writers. I suspect this is done to not let her presence overpower the central story, which is a shame because actor Madelaine Petsch has done a compelling job portraying the character.

What’s most baffling to me is how the television series quickly devolved into a show designed to appeal to viewers with limited attention span, ignoring the richness of human-like traits and relatable stories it could have mined from the source comics. Instead, the screenwriters have amped up the silliness as seasons progressed.

As a long-time reader of the comics, I find Riverdale quite concerning. Gen Z viewers who haven’t had the chance to enjoy the comics version of this fictional town might be turned off by the CW series’ mutilation of the Archie universe. It’s hard to imagine a generation of Archie comics readers discovering Jughead as a self-proclaimed weirdo and beanie hat-wearing introvert that the TV version has made into a crushing bore, who later becomes a bike gang-leading poser and martyr. The show has accomplished what I think would never happen in the comics: make Jughead unlikeable.

Contrast all the TV show’s silliness with the comics. In Waid’s Archie, there are real — or, at least, not implausible — emotional stakes even when certain characters seem to make bizarre decisions, such as when Hiram Lodge sends Veronica to a Swiss boarding school because he had lost the election in Riverdale and because he wanted to protect Veronica from heartache, which then makes Archie go on a Jughead-induced downward spiral. Or when Riverdale’s top nerd Dilton develops a crush on Betty, who turns out to be his ideal partner, all things considered. Their nerdy pairing makes so much sense, I wonder why it took this long to make it happen. I’m excited to see how things will unfold when I continue reading volumes four to six.

Comics Archie also suffers a teenage-sized meltdown and becomes a burger-eating zombie when his girlfriend Veronica appears to have ghosted him. He begins to question his values, and readers feel for this miserable teenager. His heartbreak is compounded by his guilt for failing to throw his parents an anniversary party because he was busy wallowing in the departure of his high school girlfriend. In the TV series, the equivalent of this emotional devastation is when Archie (AJ Kapa) and Veronica (Camila Mendes) tearfully declare “We’re endgame” over a payphone.

TV Archie takes off his shirt a lot in every episode, perhaps as a way to distract from the abandoned plotlines (I’m not complaining, but it’s obviously done to woo more viewers). Watch Riverdale only to see what you’re not missing. The CW series may have ruined the Archie universe for this generation, but Archie in the comics will always be great.

Insurers’ premium income rises

THE INSURANCE industry’s premium income grew in 2019 as all sectors reported increases in premiums written, according to the Insurance Commission (IC).

IC documents showed the industry’s overall premium income increased 4.99% to P304.639 billion in 2019 from P290.151 billion in 2018, based on the unaudited financial reports submitted by life and nonlife insurance firms and mutual benefit associations (MBAs).

The nonlife sector booked the largest increase with total net premiums written of P58.82 billion in 2019, up 15.71% from P50.83 billion in 2018.

Meanwhile, life insurance companies’ total premiums inched up 2.32% to P233.916 billion last year from P228.612 billion a year ago.

The increase was largely due to the uptick in premiums written from traditional life products, which rose 9.23% to P63.783 billion in 2019, offsetting the 0.05% decline in variable life products which ended at P170.132 billion for the year.

Premium income of the MBA sector likewise increased 11.18% to P11.902 billion last year from P10.705 billion the previous year.

The whole insurance industry saw their net income jump 20.38% to P45.12 billion last year from P37.48 billion in 2018.

Net earnings of the life insurance sector rose 25.76% to P36.13 billion in 2019, while the net income of the nonlife sector slipped by 0.49% to P3.403 billion from P3.42 billion.

The industry’s total assets also climbed 13% to P1.785 trillion last year from P1.579 trillion the year prior.

Assets of life insurers rose 13.41% to P1.424 trillion; nonlife firms saw a 10.26% rise year on year to P259.58 billion; while those of MBAs reached P101.06 billion, up 15.02%.

Total investments of the insurance industry also went up by 20% to P1.59 trillion from P1.329 trillion. Investments of all sectors increased, with life firms posting a 19.4% climb to P1.39 trillion in 2019, nonlife insurers surging 31% to P117.5 billion and MBAs posting a 14% rise to P90.77 billion.

Insurance density or the amount of premiums per capita also increased to P2,812 in 2019, up 3.35% from P2,721 the year prior.

However, insurance penetration or the overall contribution of the insurance sector to the economy declined to 1.64% last year from 1.67% in 2018.

The number of insurance companies went down to 129 last year from 131 in 2018, down by one MBA and one nonlife firm.

Meanwhile, the IC reported in a separate statement on Thursday that the total income of the health maintenance organization (HMO) industry dropped 23.76% to P1.26 billion in 2019 from P1.65 billion the year prior on higher healthcare benefits and claims paid by the industry, which consisted 76% of its total expenses for the year.

The HMO industry’s overall revenues, meanwhile, jumped 13.83% to P51.56 billion from P45.3 billion, while its total asset base also grew around 11% to P43.08 billion from P38.96 billion.

“It should be noted that the statistics mentioned were obtained before the onset of the community quarantine due to the 2019 Coronavirus Disease pandemic. The Insurance Commission is hopeful that the economic and financial impact of the pandemic in the succeeding reporting quarter will, to a certain degree, be mitigated by the measures in the various COVID-19-related Circular Letters that we have issued,” Insurance Commissioner Dennis B. Funa was quoted as saying. — Beatrice M. Laforga

Liquor ban weighs on net earnings of SMC food, beverage unit

EARNINGS of San Miguel Food and Beverage, Inc. (SMFB) dropped 20% in the first quarter due to excise taxes and the prohibition of alcoholic drinks during the lockdown period.

In a statement Thursday, the food and beverage arm of San Miguel Corp. (SMC) said its net income for the three-month period stood at P5.8 billion. Consolidated revenues likewise slipped 9% to P69 billion.

The beer division posted an 18% revenue drop to P28.4 billion, driven by a decline in volumes due to a liquor ban in areas under quarantine.

Revenues from the spirits division also fell 10% to P7.5 billion, overturning a 15% growth in sales volumes during January and February.

“While its beer and spirits divisions started the year with good momentum, the declaration of the enhanced community quarantine, together with the imposition of liquor bans across key cities, negatively impacted sales of its alcoholic beverages,” the company said.

Despite the turnout for its liquor businesses, the company’s food division recorded higher sales during the period, posting a 2% growth in consolidated revenues to P33.2 billion.

Revenues from prepared and packaged food grew 16%, lifted by higher demand for processed meats, dairy, spreads, biscuits and coffee. The company said it saw consumers stocking up on essential supplies in the days leading to the lockdown and during the lockdown itself.

Consolidated operating income stood at P8.6 billion, down 20% year-on-year.

“The road to recovery may be long. However, over the last 130 years, we successfully overcame many challenges. We remain confident that with our strong fundamentals and ability to deliver good and affordable products to our consumers, we will overcome this once again,” SMFB President and Chief Executive Ramon S. Ang said in the statement.

The price of shares in SMFB at the stock exchange increased P1.20 or 1.94% to P62.95 each on Thursday. Shares in its parent SMC fell 10 centavos or 0.10% to P95.90 each. — Denise A. Valdez

WFH: COCOPEA’s Joseph Noel Estrada

Since the school year was cut short because of the coronavirus disease 2019 (COVID-19) pandemic, Joseph Noel M. Estrada — Managing Director of the Coordinating Council of Private Educational Associations (COCOPEA) and Managing Partner of the Estrada & Aquino Law, Co. — has been working with government officials to craft a recovery plan for colleges and universities, all while adapting to the work from home setup.

In an e-mail interview with BusinessWorld on May 16, Mr. Estrada shared his experience and some of the lessons he learned from working from home.

The interview has been lightly edited.

What is your preferred online meeting method and why?

For my meetings and virtual lectures, Zoom fits the purpose more. Skype on the other hand, I find more convenient for my media interviews.

Where is your home office? Can you describe it?

I have a room at home where I keep and do everything from my hobbies to work. It’s what is usually referred to as a “mancave.” Prior to COVID-19, I made it a music room, library, and work space at home. I actually thought about this because traffic in Manila was getting worse and instead of wasting time in the car, I worked a lot at home. So it actually prepared me for the long lockdown without me knowing it.

What time do you start your work day now compared to when you actually went to your office? What time does it end? Does working from home make work hours even more fluid now than before?

I start early at 6:30 a.m. and end late around 9 or 10 p.m., sometimes even later. Much like before the lockdown. Except that now, there’s hardly anything that keeps me from working. Before, when I got home from work, even when I could still work, being at home kept my mind off from work and just looking forward to the next day.

How do you take breaks between meetings?

I turn off the video of the Zoom to eat with the family, then come back immediately.

Do you still dress for work or are you more casual in the work from home set-up?

I usually dress up for work, wearing a suit, especially when I attend virtual public hearings in Congress and Senate, and meetings with government officials from CHED (Commission on Higher Education), DepEd (Department of Education), and the IATF (Inter-Agency Task Force for the Management of Emerging Infectious Diseases). But only for the upper half body. Then pajamas or boxers down. But when I meet with my law office partners and associates, I usually just wear home clothes.

Any interesting slip-ups while working from home?

While talking in a live webinar, I got tired sitting down so I put my foot up and the camera caught it, showing my legs and shorts while I wore a suit.

What is the most important lesson you have learned from working from home? Is there anything that you have been doing while working from home that you think you will keep doing after the pandemic?

Prior to the pandemic, while at the office or out for work, half of my mind would wander towards thoughts of home or my kids’ school. Usually, I couldn’t really stay very late in the office because I wanted to catch my family still awake when I got home.

But now, while at home, I can do a lot of work because I know my family, my kids, are just in the other room and it gives me a sense of security as head of the family, and comfort knowing I can just peek into my kids’ room anytime, or have a quick snack with my wife in the kitchen then go back to work anytime.

I think the best lesson which we can all take from this pandemic is focusing on the essentials of life. For me it’s family. Why I work, why I do what I do finds meaning because of them.

I’d probably stay home much more, doing work here rather than at the law office, even after the quarantine has been lifted. — Genshen L. Espedido

BSP to count loans to large firms as reserves

THE CENTRAL BANK will count credit extended to large enterprises as part of banks’ and quasi-banks’ compliance with their reserve requirements to support businesses hardest hit by the pandemic.

Circular No. 1087 signed by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on May 27 amended Circular No. 1083 issued on April 22 to count loans to large enterprises as alternative reserve compliance until end-2021 in addition to credit to micro-, small- and medium-sized enterprises (MSME).

BSP Deputy Governor Chuchi G. Fonacier told BusinessWorld last week the revised measures are meant to provide credit and help ease the financial burden of firms heavily affected by the coronavirus disease 2019 (COVID-19) pandemic.

According to the circular which takes effect May 29, peso-denominated loans disbursed for large enterprises, except those granted to banks and quasi-banks, could be counted as reserve compliance.

It added that loans for large firms can be counted as banks’ reserves provided they were granted, renewed or restructured from March 15 onwards.

These should likewise not be pledged or rediscounted with BSP facilities in order to qualify as reserve compliance.

“The loans to large enterprises shall be valued at amortized cost, gross of allowance for credit losses, but shall exclude amounts equivalent to accrued interest and accumulated charges which have been capitalized or made part of the principal of restructured loans to large enterprises,” the circular said.

The BSP said credit to these firms will be considered as alternate reserve compliance if the business is not part of a conglomerate, has an asset size of more than P100 million and has 200 or more employees.

Under the central bank’s criteria, qualified firms should be “directly and adversely impacted by COVID-19,” with (i) its liabilities already going beyond its assets, or has seen at least a 50% drop in gross receipts for one quarter. In either instance, the BSP said the large enterprise is “generally unable to pay its obligations” due to the crisis or as determined by a regulatory agency.

Banking industry leaders welcomed the new relief measure from the central bank.

“This provision will encourage continued bank support to companies that are at the larger end of the MSME segment,” Bankers Association of the Philippines President and Bank of the Philippine Islands President and Chief Executive Officer Cezar P. Consing said in an e-mail.

“By counting lending to these companies (large enterprises) as eligible for reserve treatment, the BSP is facilitating continued bank lending to this important segment of our economy,” he added.

The Chamber of Thrift Banks (CTB) also lauded the central bank’s “innovative monetary relief measures” in aiding embattled business industries.

“The impact of this new scheme will vary and depend on each bank’s risk appetite, liquidity position, and capitalization,” CTB Executive Director Suzanne I. Felix said.

As many industries face tougher times amid temporary shutdowns, drops in earnings, possible loan defaults and difficulty in loan repayments may occur, according to UnionBank of the Philippines, Inc. Chief Economist Ruben Carlo O. Asuncion.

“I cannot discount that defaults/difficulty in payments will happen. There will be difficulty along the way, and I think, banks and quasi-banks are very aware of the challenges,” Mr. Asuncion said in an e-mail.

However, he said the BSP’s move to include lending to large firms as reserve compliance during this time is a welcome development to boost liquidity during a crisis.

“All economic actors need to be liquid in a crisis and all would need to sustain a level of liquidity to survive in a crisis. This central bank circular is responding to a need and it is fitting to help firms continue business and employ people eventually,” he said.

The reserve requirement ratio (RRR) of universal commercial banks currently stands at 12% after the BSP reduced it by 200 basis points in April. Meanwhile, the reserve requirement of thrift and rural banks are at four percent and three percent, respectively, while the RRR of nonbanks with quasi-banking functions is at 14%. — Luz Wendy T. Noble

Lopez firms donate equipment to boost PGH’s virus testing

TWO LOPEZ-LED units have pledged to donate P46 million worth of equipment and machines to the Philippine General Hospital (PGH), boosting its capacity to test for the virus causing the coronavirus disease 2019 (COVID-19) pandemic.

First Gen Corp. has provided the University of the Philippines (UP) some laboratory machines that the state hospital can use to conduct RT-PCR (reverse transcriptase polymerase chain reaction) tests for SARS-CoV-2 (severe acute respiratory syndrome coronavirus 2). The said test collects a genetic material from the virus and confirms it through a PCR.

Meanwhile, media network ABS-CBN Corp. is completing its turnover of “BD Max” units, a fully integrated automated molecular diagnostics platform, to PGH to shorten the virus testing period to two hours from four hours.

“Together with assistance from other government agencies and donors, these machines from the Lopez Group will bring us closer to the target of performing 30,000 COVID-19 RT-PCR tests daily,” PGH Director Dr. Gerardo D. Legaspi was quoted in a statement as saying.

PGH, which is under the UP system, is both a COVID-19 referral center and laboratory of government and private hospitals.

It was found that the state hospital was “in dire need” of testing machines to bolster its testing capacity.

The Lopez Group’s donations can help PGH serve coronavirus disease patients, not just in Metro Manila, but also from adjacent provinces, Dr. Legaspi said. — Adam J. Ang

Jo Koy mixes travel, food, and culture in new Netflix special

FILIPINO-AMERICAN stand-up comic Joseph Glenn Herbert — better known as “Jo Koy” — has his third Netflix special coming up. But this time, instead of a pure stand-up show, he is mixing a bit of food and culture as he travels through the streets of the Philippines to “see where it all started,” as he says in the trailer.

Jo Koy: In His Elements combines his trademark comedy — which revolves around Filipino idiosyncrasies and how he grew up with a Filipino mother in the US — with the rediscovery of his roots in the Philippines.

“Every element in this show is Filipino,” he says in the trailer where he is seen riding jeepneys, watching people play street basketball, and enthusing about chicken adobo.

Mr. Herbert started his stand-up career in 1994 at a club in Las Vegas and soon became a regular on the Catch a Rising Star show at the MGM Grand Hotel and Casino.

He also regularly guested on Chelsea Handler’s show, Chelsea Lately, appearing in over 100 episodes.

He did two highly-rated comedy specials on Comedy Central: Don’t Make Him Angry (2009) and Lights Out (2015). His third comedy special, Live in Seattle, was streamed in 2017 on Netflix. His second special on Netflix was Comin’ In Hot in 2019.

Mr. Herbert performed sold-out shows at the Theatre at Solaire Resort and Casino in Parañaque City and at the Waterfront Hotel and Casino in Cebu City in 2017.

When asked about his comedy, he told BusinessWorld in a 2017 interview that stories about his mother are something “everyone gets,” not just the Filipinos.

(In one of his shows, he talked about how his mother thinks everything can be cured with Vicks Vaporub.)

In that interview, he also talked about how some of his favorite moments growing up were the five years he spent as a child in the Philippines. Now, with his new special, he gets to return to the Philippines and rediscover his roots.

He will be joined by other Filipino-Americans in Jo Koy: In His Elements: breakdancer Ronnie Abaldonado, Grammy-winning music producer Ramon “!llmind” Ibanga, Jr., and comedians Andrew Lopez and Joey Guila. Also guesting in his special is singer/songwriter Inigo Pascual.

Jo Koy: In His Elements streams starting June 12 on Netflix. — ZBC

Employers cite health support, job protection as key COVID-19 tasks

EMPLOYERS said they deem reassuring workers about their jobs and keeping workplaces safe to be critical tasks during the pandemic as Metro Manila transitions to a more relaxed form of quarantine next month.

Representatives from Ayala Corp. (AC), Coca-Cola Beverages Philippines, Inc., Philippines AirAsia, Inc., and PwC Philippines-Isla Lipana & Co. revealed these and other post-quarantine strategies at a virtual forum Thursday organized by the Philippine Disaster Resilience Foundation and Management Association of the Philippines.

When the coronavirus disease 2019 (COVID-19) pandemic forced a lockdown in mid-March, AC Chairman and CEO Jaime Augusto Zobel de Ayala said his group’s priority was to provide financial support to stakeholders.

The Ayala Group has so far rolled out P6.5 billion in monetary and in-kind support to employees, partners and communities, which includes uninterrupted wage payments, leave conversions and loan deferments.

Mr. Zobel said the group’s focus now is providing healthcare support to employees. AC has started an employee testing program for selected persons across the Ayala Group, which includes some 18,000 frontliners.

“In the end, we all have to become people-centric organizations for both people internally, within our organizations, and the many stakeholders that surround us,” he said.

Coca-Cola Philippines President and CEO Gareth McGeown highlighted the importance of ensuring employee safety, protecting mental health and ensuring job continuity during the pandemic.

He said safety protocols have to be refined for people to return to work.

Apart from physical wellness, Coca-Cola also initiated mental health webinars to keep anxiety in check. “People are anxious, and it’s our job to communicate facts to help them understand the challenges and follow the protocols,” Mr. McGeown said.

About 50% of Coca-Cola’s 1 million outlets remain closed because of cash flow difficulties. But Mr. McGeown said the company is considering helping operators rebound via loans and credit deferment. It is also training sales people on operating remotely.

“We’ve learned significantly from (before the lockdown)… We’re in the phase now of reimagining and reframing what the future could look like as we continue to protect jobs,” Mr. McGeown said.

AirAsia Philippines CEO Ricardo P. Isla said technology will play a key role in bringing back consumer confidence.

AirAsia is installing upgraded air contaminant filters in cabin ventilation. These filters are rated for coronaviruses. It is also implementing a system of contactless kiosks activated by quick response (QR) codes to print boarding passes and luggage tags.

“The Air Carriers Association of the Philippines has been ready with the new protocols of travel for about two months… What we’re doing is pushing the teamwork with the government and smaller businesses that are very dependent on travel,” Mr. Isla said.

He said apart from airlines, many other stakeholders depend on the airline industry, including travel agencies and suppliers of food and materials used in flights. “There has to be a continuous private and public-sector coordination,” Mr. Isla said.

PwC Philippines Chairman and Senior Partner Alexander B. Cabrera cited the value of digital transformation in building resilience across industries.

He said uninterrupted cold-chain logistics are needed to support agriculture industry, while weather-resilient farming can be enhanced using technology.

“I think the government is exerting a lot of effort… to help MSMEs (micro-, small and medium-sized enterprises) digitally transform. Without digital transformation, there can be no resiliency,” Mr. Cabrera said.

Cabinet Secretary Karlo Alexei B. Nograles, who also participated in the forum, reminded the private sector to stick to hygiene protocols and implement work from home arrangements as much as possible.

“The private sector has to continue to revisit business models, restructure and realign businesses to adapt to this new normal,” he said. “We want to encourage more private sector (participants) to come into the manufacturing and production of essential goods and services in this fight against this pandemic.” — Denise A. Valdez

Webinar fatigue — another pandemic?

WHEN lockdowns and community quarantines were implemented in many parts of the globe, suddenly everything became digital, including the traditional face-to-face conferences, trainings, public fora, and corporate presentations. Enter the now-ubiquitous webinar!

A webinar (a combination of the words “web” and “seminar”) is a video workshop, lecture, or presentation hosted online using webinar software. This approach including the technology has been around since year 2000; but just like video-conferencing, it never made the impact it was supposed to make because people preferred face-to-face interaction… until now.

If you’re in social media, your feeds are most likely inundated with a daily dose of at least 50 webinars announcements, livestreams, and watch parties. At the onset of the community quarantine, topics like building resilience, managing and coaching work-from-home employees, the “new normal,” and business continuity webinars were a dime-a-dozen. Nowadays, the fashionable webinar topics revolve around post-COVID scenarios and living in the “new normal.” Some of these are extremely useful and well-thought-of.

But webinar organizers, hosts, moderators and speakers are still going through a learning curve, resulting in technical glitches, sound and lighting issues, lackluster choice of speakers, incoherent program flow, “hello, can you hear me” prelude from speakers, and distracting speaker background; not to mention the same-same topics. Another culprit is the choice overload, a cognitive process in which people have a difficult time making a decision when faced with many options; and there are lots of webinar options!

These are all now leading to a new pandemic, albeit non-lethal — the webinar fatigue. What was your reaction lately when you saw your e-mails and social media feeds inviting you to a webinar? You may have glanced at the topic and headline, and eventually shrugged it off.

Webinar fatigue is a new term used to describe an overall feeling of tiredness or lack of energy towards webinars. I validated this with some of my former students and with audiences in the webinars we ran, who confirmed that, indeed, they are experiencing webinar fatigue to the point of not deciding, if not, completely stopping attending webinars.

So if you’re a webinar producer, how do you attract and sustain the attention of your attendees, and quell their webinar fatigue? Drawing form several scientific studies on webinar and face-to-face seminar effectiveness, here are the factors that impact the effectiveness of webinars.

Speaker and moderator performance. This involves how they speak clearly and to the point. It should be clear to the speaker what objectives he or she will attain with the delivery of the webinar. Moderators should seamlessly transition topics from one speaker to another, as well as synthesize at the end of the session.

Webinar content. It goes without saying the content should be interesting, out of the ordinary, and can impact the attendees. Me-too content should be avoided unless new knowledge or analysis will be shared. This, together with the speaker profiles, should be communicated effectively and in advance to potential attendees. Fillers and teasers before the actual webinar date can be effective in drawing the attention of participants.

Frequency and length. There’s no optimal length or frequency of delivery. But best practice is breaking up longer content into chunks of smaller webinars to avoid fatigue.

Group interactions. Interestingly, the reason why webinars were less favoured than face-to-face seminars before the pandemic, is that participants look for group interactions, in the forms of networking, group work, or group participation. This is what webinars patently lack. Though there are chat rooms in most webinar platforms, these are not close proxies for good old face-to-face interaction. Luckily, there are advances in technology that virtually mimic networking and personal interactions which we use in our virtual events.

Choice of technology and environment. This plays a vital role in enhancing the experience of the speakers and the participants. You should choose the technology that’s easy to use for both speakers and attendees, without compromising on other aspects like sound quality, lighting, and opportunities for group interaction. The bandwidth speed of the host and speakers should be checked.

In summary, webinars are similar, yet different from face-to-face seminars. It requires thoughtful preparation and practice. A digital director, a key emerging role, will understand and design the speaker and attendee experience. A scriptwriter is equally important to make the flow of the webinar seamless

Ultimately, the objective of the webinar producer is to make the webinar interesting and stand out, before and during the webinar date itself, to preclude webinar fatigue… and avoid another pandemic.

 

Reynaldo C. Lugtu, Jr. is Founder and CEO of Hungry Workhorse, a digital and culture transformation consulting firm. He is Institute Fellow at the US-based Institute for Digital Transformation and the Country Representative of the Institute of Change and Transformation Professionals Asia (ICTPA). He is also the Chairman of the ICT Committee of the Financial Executives Institute of the Philippines (Finex). He teaches strategic management in the MBA Program of De La Salle University. The author may be e-mailed at rey.lugtu@hungryworkhorse.com

Banking unit boosts Filinvest income

FILINVEST Development Corp. (FDC) expanded its attributable net income in the first quarter by 8% to P3 billion due to the growth of its banking unit.

In a statement Thursday, the Gotianun-led holding company said it was able to rise above the challenges brought by the coronavirus disease 2019 (COVID-19) pandemic by implementing cost-control measures across its businesses.

While its total revenues slipped 2% to P17.18 billion, the company’s gross expenses were slightly lower at P14.75 billion from P14.83 billion last year.

Banking unit East West Banking Corp. contributed P2.3 billion to FDC’s net income, surging 75% from the year-ago figure due to improved margins in core lending and deposit-taking businesses and higher trading gains.

FDC’s real estate business, operating under Filinvest Land, Inc. and Filinvest Alabang, Inc., took the brunt of the negative impact of COVID-19 as its net income contribution dropped 26% to P1.5 billion. Sale of lots, condominium and residential units fell 40% to P3.4 billion due to lower sales take-ups last year and delayed project completions. Leasing revenues were flat at P1.9 billion.

Power unit FDC Utilities, Inc. added P511 million in net income as its revenues dipped 5% to P2.2 billion. It said the lockdown in March due to the pandemic dented customer demand for its services.

The lockdown also weighed on hospitality arm Filinvest Hospitality Corp., which contributed a net income of P15.6 million as revenues fell 21% to P689 million. Five out of its six hotels were operational during the lockdown but on a very limited basis.

“We are in unprecedented times… We responded quickly to address our customers’ needs and provided financial relief such as rental waivers, deferment or loan term extensions during the [lockdown] period. These have impacted on our results for the first quarter,” FDC President and Chief Executive L. Josephine G. Yap said in the statement.

“Beyond financial and scenario planning, FDC and its subsidiaries answered the pandemic with clear protocols to safeguard the health and safety of the Filinvest family,” she added.

Shares in FDC at the stock exchange picked up 39 centavos or 4.81% to P8.49 each on Thursday. — Denise A. Valdez

Seafarer’s manning agency responsible for quarantine costs, DoLE rules

THE Department of Labor and Employment (DoLE) has ordered manning agencies to absorb the cost of quarantining seafarers.

According to Department Order (DO) 211-A series of 2020 released Thursday, “the Philippine Manning Agency or the ship owners they represent shall cover the board and lodging of their deployed seafarers during their quarantine period.”

The order also assigned them the responsibility for board and lodging regardless of quarantine conditions and even after quarantines expire.

DoLE said the order is consistent with the International Labor Organization’s (ILO) Information Note on Maritime Labor Issues and Coronavirus issued last month, as well as the Inter-Agency Task Force for the Management of Emerging Infectious Diseases’s Resolution No. 23 which called for the mandatory quarantine of all repatriated OFWs.

The DO amends DO 211 issued in March.

DoLE directed Philippine Overseas Employment Administration and the Overseas Workers Welfare Administration “to strictly implement pertinent provisions of the Maritime Labour Convention, 2006 in the areas of social protection, maritime occupational safety and health, medical repatriation and other seafaring concerns, guided by the Information Note on Maritime Labor Issues and Coronavirus (COVID-19).” — Gillian M. Cortez

New show focuses on home cooks

LIFESTYLE and entertainment channel Metro has come up with a new cooking show, Potluck, that focuses on the talent of home cooks and their favorite recipes. The channel currently is looking for home cooks who are interested in being featured.

The program was made “for viewers who enjoy creating new dishes, experimenting with ingredients, and rekindling their fondness for food” as it will feature “everyday kitchen masters and their home-cooking staples,” according to a release.

The show is open to home cooks 20 years old and above who would like to share their own recipes — crafted in quarantine or otherwise.

Interested participants must send a video entry where they introduce themselves and their dish, show the ingredients, and take the viewers step-by-step through the cooking process while ideally dropping some tips and techniques for cooking newbies.

The video entries can be shot using phones, as Filipino chef Miko Aspiras did on the channel’s YouTube page where he created a caramel Creme Brulee tart. Other videos — like one featuring chef JP Anglo doing his version of a yakisoba — showing how dishes may be done can be viewed on the Metro.style YouTube channel including videos by Metro Channel hosts Raul Manzano, Tim Yap, Marc Nelson, and chef Sandy Daza.

(It should be noted that unlike Mr. Aspiras’ video, the show asks its participants to shoot horizontally and not vertically.)

Potluck entries can be submitted until June 30 by sending in a GoogleDrive or WeTransfer link of the video to metrochannel@abs-cbn.com along with the cook’s name, contact details, and the name of the dish. Also include photos of the finished dish and its ingredients and a signed waiver form which can be accessed at https://bit.ly/MCPotluckWaiver.

The entries must not be more than 300MB in size, should not be longer than five minutes, and should be in an mp4 format. There should also not be any background music and no graphics. Clear audio and video are required.

Metro Channel is available on SKYcable channel 52 (SD) and channel 174 (HD), and on SKYdirect channel 31. For more information on the show, visit the Metro Channel social media pages. — ZBC