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Mastercard to allow staff to work from home until virus fears subside

MASTERCARD INC. will not ask employees to return to its worldwide corporate offices until they are comfortable that the sometimes fatal coronavirus is under control with vaccines or other measures, a senior executive told Reuters.

The world’s second-largest payment processor is also looking at its real-estate footprint and considering consolidating offices, Chief People Officer Michael Fraccaro said.

“We expect in the coming weeks and months that more employees will continue to work from home than come into office,” he said. “And we are OK with that. We support that choice.”

While some Mastercard staff have young children or parents to look after, others are concerned about taking public transport to work.

“We have stated upfront to all our employees, that it is their choice … we want them to make the decision on when they feel comfortable returning to the office,” he said.

The company employs nearly 20,000 people globally, with its main headquarters in Westchester, a New York City suburb. Mastercard owns that campus, which it purchased from IBM in 1994.

When the situation stabilizes, companies around the world may find that their offices are only about 30% full, Fraccaro said, leading Mastercard to think about its future real-estate needs.

Mastercard joins other technology and financial firms that have said they do not plan to implement widespread get-back-to-the-office initiatives any time soon, including its main rivals American Express Co. and Visa Inc.

Mastercard has created a “future of work” task force that is figuring out how best to handle real estate and employee needs, Fraccaro said.

About 90% of its workforce is operating remotely, including those based in overseas locations including Beijing and Shanghai, Fraccaro said. Employees who work in offices must follow social distancing rules, wear masks and undergo temperature checks, he said.

“Once there is adequate testing and there is a vaccine and people feel comfortable to return, then we may see more,” he said. “But in the early phases it will be vastly less than what we had.”

HiPP looks to push further value of organic products to Filipinos

PRODUCTS free from harmful chemicals have made German brand HiPP one of the most trusted names in organic baby food for over a century now. And this focus on the value of going organic is what it wants to continue to push as it steadily builds its presence in the country.

Brought to the Philippines by Edwin Feist, chairman and CEO of Advanced Nutritional Technologies (ANTECH), Inc., and HiPP owner Stefan Hipp, back in 2013, HiPP seeks to complement the natural growth of children — including their brain development — by producing products with no exposure to harmful chemicals like pesticides.

The company is guided by studies that show that the primary form of exposure to pesticides in children is through their diet.

HiPP says its products use organic raw materials, cultivated according to the European Commission Organic Farming Regulation. They go through additional checks to guarantee that the products are free from harmful substances.

Only food that has passed the tight control system will get into the jars and are worthy of carrying the HiPP Organic Seal.

HiPP also highlights that its products are produced and formulated to be free from gluten-containing ingredients, artificial flavors, artificial colors, and soy protein.

Early this year, to continue the discussion on what it offers and the value of organic products, HiPP introduced its holistic-living HiPP Mom Ambassadors Andi Eigenmann, Nikki Gil-Albert, and Pauleen Luna-Sotto. All three celebrity mothers attest to the value of providing organic food to children, which they do for their own kids.

Among the HiPP products currently available locally is the HiPP Organic Kindermilk.

HiPP Organic Kindermilk, which is meant for children ages three years and above, is developed from the best principles of nutrition science, the company said. It contains organic lactose (what the company calls “brain sugar”) which is the natural sugar found in milk. It contains natural Omega-3 that may help support brain development, calcium and Vitamin D that may help support strong bones, and organic prebiotics or galactooligosaccharides that may help support healthy digestion.

Misses Albert, and Sotto said they like using products such as HiPP Organic Kindermilk as they are assured that what they have is food “free from chemicals that don’t belong in their children,” said a company release.

For more information on HiPP organic products, visit https://www.hipp.ph/. — Michael Angelo S. Murillo

Higher metal output boosts Philex Mining

PHILEX MINING Corp. (Philex) reported a 50.5% decline in its first-quarter net income attributable to equity holders to P102.3 million, while turning in a positive core profit due to higher metal output and better gold prices during the period.

In a disclosure to the stock exchange on Thursday, the copper and gold producer said its core reached P103 million, reversing losses of P112 million the previous year.

Revenues during the first quarter rose 15.5% to P1.71 billion, from P1.48 billion the company had in the same period last year.

In the first quarter, Philex said that its total tonnage milled rose 7% to 1.969 million tons from 1.832 million tons during the first quarter of 2019.

“The continuing improvement in the mining procedures, resulted in the increase of the final blended metal grades for both gold and copper,” it said.

The company’s gold production for the first quarter increased by 35% to 14,159 ounces, from 10,493 ounces in the same period last year.

Meanwhile, copper output went up 18% to 6.738 million pounds, against the 5.727 million pounds in the similar period the previous year.

Total costs and expenses of Philex fell 4.5% to P1.57 billion due to lower cost of power, materials and supplies usage during the period.

Philex said it was “affected by the limited disruption in its supply chain during the first two weeks of the implementation of the enhanced community quarantine” in the National Capital Region and Calabarzon (Cavite, Laguna, Batangas, Rizal, and Quezon) where most of the supplies originate.

However, it said the full impact of the coronavirus disease 2019 (COVID-19) pandemic to its medium- and long-term business operations has yet to be seen.

Philex President and Chief Executive Officer Eulalio B. Agustin, Jr. said that due to the executive order made by the governor of Surigao del Norte, all mining companies including its Silangan project and all mineral processing plants in the province had to suspend operations until the lifting of the local quarantine.

On Thursday, shares of the mining company rose by 5.38% or P0.12 to close at P2.35 each.

Philex Mining Corp. is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Metro Pacific Investments Corp. and PLDT Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has interest in BusinessWorld through the Philippine Star Group, which it controls. — Revin Mikhael D. Ochave

Philam to hire more agents to expand reach

THE PHILIPPINE American Life and General Insurance Co. Inc. (Philam Life) targets to expand its customer base to 110,000 people this year and its workforce by hiring 10,000 agents amid the coronavirus pandemic.

In a press video conference, Philam Life CEO Kelvin Ang said the company wants to insure 110,000 people this year with at least P1 million worth of coverage each, or around P110 billion in total.

As of April 30, Mr. Ang said the life insurer was around 30% of its full-year target, with 34,513 insured or P30.7 billion of basic sum assured.

Mr. Ang said the company’s total sum assured via its critical illness insurance products reached P92 billion in 2019, higher compared to the P61 billion recorded in 2018 and P47 billion in 2017.

In terms of life covered, he said the basic sum assured for death coverage also increased to P408 billion last year from the P385 billion seen the year prior and P365 billion in 2017.

Even with most businesses reeling from the impact of the ongoing health crisis, Mr. And said they are still looking to expand by hiring 10,000 financial advisers in the next 12 months.

“We like to do more, we like to be able to have more people out there and talk about insurance protection.. so we would like to hire as many as possible. In fact, we set ourselves a target over the next 12 months, we hope to recruit like 10,000 financial advisors and bank sales,” he said.

Last year, Mr. Ang said Philam Life will invest at least P3 billion in the next three years to build its agency distribution.

In the same briefing, Philam Life Chief Financial Officer Gary James Ogilvie said the company had a strong finish in 2019, with the value of its new business recording “strong double-digit growth” but stopped short of giving figures as its results have yet to be validated by the Insurance Commission (IC).

“Our financial stability also remains strong, with our excess capital five times the amount set by the IC and our net worth at P77.12 billion and assets at P247.03 billion (based on 2018 data),” Mr. Ogilvie said.

For this year, he said they noticed a “small number” of claims related to the coronavirus disease 2019 (COVID-19) pandemic as they included the new disease in their products’ coverage, but the overall claims rate still remains within expectations and estimates “so we’re not seeing any issues in terms of absorbing COVID claims.”

On his outlook for the country, Mr. Ogilvie said the Philippine insurance industry presents huge investment opportunities due to the low penetration rate, high protection gap worth around P2.7 trillion, strong macroeconomic fundamentals, its young dynamic population with an emerging middle class, as well as the country’s long-term strong gross domestic product (GDP) growth outlook.

“If fundamentals remain in the Philippines for a very strong long-term growth for insurance… while there maybe some short-term issues economically, I think the long-term growth potential remains strong and [bodes well for] the long-term growth opportunities for insurance to also remain very strong,” he said. — Beatrice M. Laforga

CAVITEx enhancement, CALAX construction resume

MPT South Corp. said its two main expressway companies, Cavitex Infrastructure Corp. (CIC) and MPCALA Holdings Corp., are resuming work on the enhancement project being undertaken on the Manila-Cavite Expressway (CAVITEx) and the construction of the Santa Rosa-Silang section of the Cavite-Laguna Expressway (CALAX).

“Yes, we are resuming work following Department of Public Works and Highways (DPWH) guidelines as approved by the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID),” MPT South Corp. President and General Manager Roberto V. Bontia told BusinessWorld via e-mail on Wednesday.

He added: “We are picking up where we left off before the start of the enhanced community quarantine (ECQ) with the CAVITEx R1 Second Phase of the enhancements or the bridge works already at 55% into completion, and CALAX subsection 5. The continuation from Santa Rosa to Silang is at 96% ROW (right-of-way) with siteworks already at 57%.”

Public and private construction projects have been allowed to resume under the modified enhanced community quarantine but workers must be housed and fed onsite and observe physical distancing rules, among other requirements for construction work during the pandemic.

Public Works Secretary Mark A. Villar’s Department Order 35 sets rules for carrying out infrastructure projects during the coronavirus pandemic.

The Phase 2 of the P1.1-billion R-1 enhancement project covers the widening of Parañaque Bridge, Las Piñas Bridge, and Wawa Bridge, and the main carriageway from Las Piñas Bridge to Zapote Interchange.

The 7.2-kilometer CALAX subsection 5 is a 2×2 lane expressway from Santa Rosa, Laguna to Silang East, Cavite.

The whole CALAX project, which costs P35.43 billion, covers 45.3 kilometers of expressway linking the CAVITEX from Kawit, Cavite to the South Luzon Expressway (SLEx) at the Mamplasan Interchange in Biñan, Laguna. The project is scheduled for completion by the second quarter of 2022.

On the P10-billion C5 South Link project, Mr. Bontia said: “For Segments 2&3 of CAVITEx C5 Link where ROW acquisition is already at 99% for Segment 3A2 connecting the flyover at the Merville side and Segment 2 ROW at 81%, we are still ironing out some details on project execution but we have issued the letter of award to the qualified bidder.”

On whether there would be adjustments in the timelines of the projects, Mr. Bontia said: “The guidelines of DPWH are specific to help stem the disease. The contractors have to follow new protocols at the jobsite which changes the preparation and mobilization time of the projects, these adjustments have an effect on the timeline.”

“We also give great consideration on the renewed focus by the government on Build, Build, Build projects; we want to accelerate the completion of projects -— subject to DPWH/DoH (Department of Health) guidelines,” he added.

MPT South Corp. is under the Metro Pacific Investments Corp. (MPIC), one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being PLDT, Inc. and Philex Mining Corp.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group. — Arjay L. Balinbin

Rebooting Metro Manila’s chaotic transport system

“You never want a serious crisis to go to waste.” I first heard this line during the global financial crisis of 2008. In a media interview, it was stated by then US presidential candidate Barack Obama’s campaign manager Rahm Emanuel, who subsequently became the White House chief of staff and the mayor of Chicago.

Its variant — “Don’t waste a crisis” —has become the catchphrase of FINEX National Affairs Committee Chairman Eduardo Yap, who headlined a webinar on “Averting a Crisis in Public Transportation and Mobility” last week. His co-presentor was development economist and urban planner Dr. Robert Siy, who worked previously with the World Bank and the Asian Development Bank. They are part of Move Metro Manila, a coalition of advocates for sustainable mobility.

Dr. Siy said a mobility crisis looms because of massive job losses, longer commutes, and a severe contraction in the transport industry as operators shut down — adding to the overall economic decline. He warned about a second wave of COVID-19 infections due to unmanaged queues and poor compliance with distancing and sanitation requirements.

After the enhanced community quarantine (ECQ) is lifted, road-based public transport will have fewer passengers per trip since it is mostly perceived as having a higher risk of virus transmission. There would be pressure to shift to private motor vehicles for isolated travel, leading to heavier traffic congestion.

As a result, the annual cost to the Philippine economy will reach P523 billion per Dr. Siy’s estimate. His formula to avert a crisis in Metro Manila, Metro Cebu, and other major cities consists of: P30 billion for the government to contract and pay transport operators over a six-month period to provide services initially in high-volume corridors; P10 billion for walking and cycling infrastructure as well as bike-sharing programs; and P70 billion for bus-only lanes, bus stops, depots, and terminals.

The second and third components jibe with Mr. Yap’s single bus scheme for Metro Manila’s main artery, EDSA, which will be transformed into a gentrified and tree-lined avenue. His proposed “busways” will have two lanes in each direction at EDSA’s median portion adjacent to the MRT-3 line. They would replace the ineffective yellow bus lanes and ensure an unimpeded flow for higher commuter throughput and optimized use.

Mr. Yap has obtained the commitment of Transportation Secretary Arthur Tugade to institute a better public bus transport service as the new normal. A dry run of the new EDSA busways is scheduled for next month and the initial platforms will be shifted to the center island after buses are fitted with left-side doors.

Other game-changing reforms outlined in Mr. Yap’s proposal include right-sizing bus fleets by rationalizing franchises and restructuring routes; constructing overhead bridges for passengers; and installing centralized management systems.

If these proposed changes are implemented in the near-term, EDSA’s infamous “carmaggedon” would become a thing of the past — along with its excessive exhaust emissions and unhealthy noise pollution that entailed high social costs.

PARAHERO TO THE RESCUE
In the southern part of Metro Manila, those under lockdown who need a ride to neighborhood groceries and other establishments are being served by an initiative called ParaHero, short for “Para sa Pasahero” or “for the passenger.”

Even before the imposition of ECQ, BF Homes residents in the cities of Parañaque and Las Piñas have been using the tricycle-hailing app pioneered by ParaHero in conjunction with tricycle operators and drivers associations (TODA) as well as homeowners associations in the Sucat and Bicutan areas.

When the government banned the operation of public utility vehicles last March, ParaHero was the first to address the displacement of tricyle drivers by training them to render delivery services in the suburban subdivisions. This was also intended to help residents avoid leaving their homes to purchase food and medicine, especially persons with disability and senior citizens in the community.

So far, 70 drivers from various TODAs have been re-skilled to become ParaHero riders delivering essential items ordered by villagers from three SM malls in Parañaque. The pabili coverage area will soon be expanded to serve residents within the radius of several SM malls in the City of Manila and eventually to 17 SMDC condominiums across Metro Manila.

According to ParaHero founder Nino Duque, he is forging partnerships with a logistics firm, an e-commerce site, and an agri-tech company while more riders are being trained to cover the wider jurisdiction. Such an initiative supports community-based retail businesses that are struggling to survive in this once-in-a-century pandemic. Hopefully other entrepreneurs would be encouraged to step up in providing solutions to the transport challenges of our time.

 

J. Albert Gamboa is CFO of Asian Center for Legal Excellence and chairman of FINEX Publications.

Stuff to do at home (05/22/20)

PETA Storytelling Sundays

The second episode of PETA’s Storytelling Sundays on May 24, 7 p.m., will feature Bodjie Pascua who will be reading Jeanette Patindol’s “Tight Times,” about how families cope during times of scarcity. Joining Mr. Pascua is the 10-year-old winner of the 2019 Lampara Storytelling Competition, Frances Villadarez, who will be reading Segundo Matias, Jr.’s “Sikat ang Mommy Ko!” To watch the storytelling sessions, visit PETA’s Facebook page www.facebook.com/petatheater and YouTube Channel www.youtube.com/petatheateronline.

Tanghalang Pilipino’s Lola Doc

Written by Layeta Bucoy, Tanghalang Pilipino’s play Lola Doc features a senior frontliner (played by Nora Aunor) who talks about the pain of losing her husband in a pandemic, remaining strong for their family, and courageously facing the risk of catching the deadly virus to attend to the sick. To watch the performance, visit http://youtube.com/tanghalangpilipino. For more information, visit https://www.facebook.com/tanghalangpilipino/.

NHCP Museums

Learn about Philippine history by visiting various National Historical Commission of the Philippines museums across the country online. To do so, visit https://www.facebook.com/historymuseumsPH/photos/a.474072142988822/769005046828862/?type=3&theater.

Streetcar Named Desire online

Tennessee Williams’s Pulitzer Prize-winning play A Streetcar Named Desire will stream online at The National Theatre’s YouTube channel. Starring Gillian Anderson, the production will be available until May 28. To watch, visit https://www.youtube.com/user/ntdiscovertheatre).

The Royal Opera House online

As part of its #OurHousetoYourHouse, the Royal Opera is streaming Jules Massenet’s Cendrillon on May 22 (7 p.m. BST) at its official Facebook page at (https://www.facebook.com/royaloperahouse/). The show stars mezzo-soprano Joyce DiDonato in the title role.

Foo Fighters at the Wembley Stadium

The Foo Fighters’ concert film Live at the Wembley Stadium is now available online at the band’s YouTube channel (https://www.youtube.com/watch?v=jcwBsntqjmY&feature=emb_title). The show features guest performances by Jimmy Page, and John Paul Jones of Led Zeppelin.

CCP Online’s Romeo and Juliet

CCP Online’s sixth week of online programming continues with the following programs: Ballet Philippines’ Romeo and Juliet which premieres on May 21, 3 p.m., with music by Sergei Prokofiev and choreography by National Artist for Dance Alice Reyes; and Tanghalang Pilipino’s Walang Sugat which premieres on May 23, 3 p.m. Written by Severino Reyes, who is regarded as the father of the Tagalog sarsuwela, it follows the story of Tenyong who outwits the people trying to separate him from his beloved Julia. Watch for free at bit.ly/CCPOnlineYT.

Gateway Gallery’s interactive website

In line with the celebration of the International Museum Day and in response to the physical limitations brought by COVID-19, the Gateway Gallery launches its own website https://gatewaygallery.aranetacity.com/. Exhibits featured online include SiningSaysay: Philippine History in Art which retells the story of the Philippines from prehistory to contemporary period in 30 monumental paintings.The gallery will open the Art Heals: Echoes of the Pandemic exhibition on May 22.

PalabasTayo

PalabasTayo presents All That Tea with Anthony, featuring the cast of Ang Huling El Bimbo on May 20, 10 p.m. Co-hosted by Mela Habijan, the show’s guests are Jon Santos, Topper Fabregas, Rafa Siguion-Reyna, Phi Palmos, and Lance Reblando. Tune in at https://www.facebook.com/PalabasTayo/.

Indigo Child

Rody Vera’s Indigo Child, a one-act play about 20-year-old Jerome who takes care of his rebellious and bipolar mother, is now available online at https://learn.pelikulove.com/blackbox. The play is on view until May 31.

Tanghalang Ateneo’s Lysistrata ng Bakwit

Tanghalang Ateneo’s Lysistrata ng Bakwit (2018), an adaptation of Aristophanes’ Greek classic, is available for viewing online at https://www.youtube.com/watch?v=S8HhUJTXE2A&feature=emb_title. Directed by Ricardo Abad, the story is set in a fictional war-torn Philippine province and follows the revolt of women evacuees fighting their own wars concerning territory, familial ties, and tribal disputes.

Ayala Museum online

Ayala Museum offers a week of online activities from May 18 to 23 in celebration of this year’s International Museum Day. The activities are as follows: the screening of the film Millennium of Contact on May 18 (is will be available for 48 hours); the Ayala Museum x Animal Crossing Island exhibition on May 20 to 22; Kids Curate: Make Your Own Exhibition on May 22; and a virtual tour of the exhibit Fernando Zobel: Toward Abstraction on May 23. For more information, visit https://www.facebook.com/ayalamuseum/.

Shelter fund’s photography

The Shelter Fund gives freelance photographers a venue to exhibit their art for sale amidst the challenges posed by the quarantines. Each print is an original signed artwork specially selected by the photographer for the Shelter Fund, and printed on archival, heavyweight paper in A2, A3, A4 and A5 sizes through Shutterspace Studios. Visit the Shelter Fund on Instagram at https://www.instagram.com/shelterfund and on Facebook at https://www.facebook.com/shelterfundph.

National Museum of the Philippines

The National Museum of the Philippines releases a new illustration by Larie Dianco featuring the dugong or “sea cow.” Download the coloring sheet at https://www.facebook.com/nationalmuseumofthephilippines/photos/a.195151237175869/3239298052761157/?type=3&theater.

The National Theatre

Inua Ellams’ Barber Shop Chronicles is currently streaming on the National Theatre’s YouTube channel. Directed by Bijan Sheibani, the show will be available until May 21. To watch, visit (https://www.youtube.com/user/ntdiscovertheatre).

Portrait for a cause

THE Gateway Gallery brings back “ArtHeals Portrait for a Cause” to support Araneta City’s #TogetherWeHeal campaign and help families affected by the COVID-19 crisis. Get a free portrait in digital format upon donating a minimum amount of P1,050 to the #TogetherWeHeal donation drive from May 15 to 22. Gateway Gallery’s artist friends Cee Cadid, Raks Molata, Naning Molata-Gavin, Joem Chua, Ronald Lopez, Dave Temperamente, Joseph Espino, and Adrian Karl Gutierrez will render the donor’s portraits in gratitude for the support. To join: 1.) make a donation through http://bit.ly/AranetaDonationDrive; 2.) send proof of donation and a clear photo reference to gatewaygallery@aranetagroup.com; 3.) then portraits in digital format will be sent through e-mail. The #TogetherWeHeal campaign was launched by Araneta City on March 31 in partnership with J. Amado Araneta Foundation, Binibining Pilipinas Charities Inc., and TicketNet. It aims to help indigent Filipino families who have difficulty accessing basic food needs due to the COVID-19 pandemic. A donation of P350 translates into one food pack that contains two kilos of rice, canned goods, packs of noodles, and vegetable seed packets provided by the Department of Agriculture’s Bureau of Plant Industries. Interested donors may donate to the #TogetherWeHeal campaign until June 15.

Jerrold Tarog’s Senior Year

Written, directed, edited, and scored by Jerrold Tarog, the film Senior Year (2010) is now streaming on Vimeo (https://vimeo.com/404089376). Set in a Catholic school the story follows the struggles and anxieties of students during their final year in high school.

Dulaang UP’s Adarna

Dulaang UP’s play Adarna (2013) is now streaming online. Adapted by Vlad Gonzales and directed by José Estrella, the story is based on the narrative poem about three princes’ quest to save their ailing father by capturing the Adarna bird which is believed to have curative powers. To watch, visit https://www.youtube.com/watch?time_continue=1&v=hV2UPXi1wMA&feature=emb_title.

National Library of the Philippines

The National Library of the Philippines offers free scholarly eResources including research related to COVID-19. The list of resources come from the National Emergency Library, Cochrane Library (Medical & Health Science), De Gruyter — Journals (Multidisciplinary), and more. To view access links to eResources, visit https://www.facebook.com/NLP1901/photos/a.375779479606724/912930019224998/?type=3&theater.

Jenkins at Royal Albert Hall

Welsh mezzo-soprano Katherine Jenkins performed alone at The Royal Albert Hall. The online show is the first in a series of performances of the London Together initiative as a tribute to the COVID-19 frontliners. Watch the concert at The Royal Albert Hall’s YouTube channel at https://www.youtube.com/channel/UCugNt9gmBgZSFEv4lc4B6Zg.

Guggenheim artbooks

The Solomon R. Guggenheim Museum offers downloadable items from its archives for free. Titles include modern and contemporary art books about Vincent Van Gogh, Pablo Picasso, Vassily Kandinsky, Gustav Klimt and more. The archive is searchable by artist, year, medium and artistic style or movement. Visit the archives, https://archive.org/details/guggenheimmuseum.

Silverlens Galleries’ At Home With series

To keep in touch with art lovers, Silverlens presents Art Boost, an online drive to maintain engagement with art through social media, exhibition catalogues, and videos. The current At Home With series features Bernardo Pacquing, Hanna Pettyjohn, and Chati Coronel. Revisit contemporary artist Gary-Ross Pastrana’s notes on collage making; and Mit Jai Inn’s use of light, color, and structure in his Actantis exhibit. Visit Silverlens’ official social media accounts and its website (https://www.silverlensgalleries.com/) to view the exhibitions.

BenCab Museum online

Azor Pazcoguin’s solo exhibition, TAYP. RAYT. ER, which features oil paintings of items such as typewriters, phones, cameras, is now online from the BenCab Museum’s Facebook page at www.facebook.com/pg/bencabmuseum/photos/?tab=album&album_id=3024306460961023&__tn__=-UC-R.

BioBalance Wellness consultation

The BioBalance Wellness Institute offers the following services and features: free online consultation with its clinical nutritionist and nurse practitioners, wellness expert psychologist; online health and immunity risk assessment; and more payment options for availed services and products. For more information, contact 0917-521-4860 or concierge@biobalanceinstitute.com.

IkotMNL tour from home

The Museo de Intramuros, Ayala Museum, and Presidential Museum and Library in Malacañang Palace have partnered with Google to put their works online. Learn new things at home and visit the museums through a virtual tour: https://artsandculture.google.com/partner/malacanang-presidential-museum-and-library; https://artsandculture.google.com/partner/ayala-museum; and https://artsandculture.google.com/partner/intramuros-administration.

CAST recordings on Spotify

CAST PH offers CAST Recording, a collection of one act plays, recorded online and released as radio/audio drama. The first recordings are A Matter of Husbands by Ferenc Molnár, featuring Pinky Amador and Giannina Ocampo-Van Hoven; and Enemies by Neith Boyce and Hutchins Hapgood, featuring David Bianco and Jennifer Blair-Bianco. Listen at https://open.spotify.com/show/5bLSOsJPkZnlaEFDfSSHbl?si=fDsW-kNpT6iP89En-dWbog.

National Bookstore delivery

National Book Store has reopened its branch in Cubao, Quezon City and now offers delivery services for its supplies to selected areas around Metro Manila. For orders from Marikina, San Juan, and Quezon City, contact 0917-631-1374; Mandaluyong, Pasig, Pateros, and Taguig contact 0917-834-3224; Caloocan, Manila, Navotas, and Valenzuela, contact 0917-302-7475; Makati, Muntinlupa, Parañaque, Pasay, and Las Piñas, contact 0917-791-0916. Orders are accepted on weekdays from 9 a.m. to 4 p.m.

Film masterclasses

Learn film concepts through interviews and film retrospectives from more than 60 directors, producers, writers, and actors including Bong Joon-Ho, Abbas Kiarostami, Agnès Varda, Spike Lee, Werner Herzog (with Roger Ebert), Jane Campion, Jodie Foster, Todd Haynes, Ang Lee, Jessica Lange, and Clint Eastwood. To watch, visit https://walkerart.org/magazine/series/dialogues-film-retrospectives.

Fully Booked delivery

FULLY BOOKED is back in business for book orders (https://www.fullybookedonline.com/). In a Facebook post, Fully Book stated: “[O]ur Lazada and Shopee stores will be back online, too. Please do expect some delays and changes in our processes.” For advisories, visit bit.ly/fb-ecq-advisory.

English National Ballet shows online

ENGLISH National Ballet launched ENB at Home, releasing one show weekly for its Wednesday Watch Parties. The first in the lineup is Broken Wings, a Frida Kahlo-inspired production starring lead principal and ENB artistic director Tamara Rojo as Frida. It is available to stream for free for 48 hours. Watch at https://www.youtube.com/user/enballet or https://www.facebook.com/EnglishNationalBallet/.

Radiohead Concerts

BRITISH rock band Radiohead has been uploading some of its concerts via its official YouTube page (https://www.youtube.com/user/radiohead). Fans of the Rock and Roll Hall of Fame band, known for songs like “Creep” (1992) and “Fake Plastic Trees” (1995), can watch the concerts Live from a Tent in Dublin (2000) and Live in Berlin (2006).

David Guetta: United at Home

FRENCH DJ David Guetta, the man behind the song “Titanium” (2011) featuring singer SIA, held a live concert fundraiser inside his Miami home benefiting the World Health Organization and other charities. The two-hour concert is currently available on his YouTube page (https://www.youtube.com/user/davidguettavevo).

Josh Groban concerts

JOSH Groban brings his concerts to your home via online, streaming every Thursday on YouTube (https://www.youtube.com/user/joshgroban). The second concert in the series, Stages: Live (2016), premiered on April 30. The singer has also includes commentary throughout each film. For more information, visit https://www.facebook.com/JoshGroban/.

Worldwide Concert for Our Culture

JAZZ at Lincoln Center’s annual Spring Gala: Worldwide Concert for Our Culture is now available to stream online. The honorees of the event are Clarence Otis and Jacqueline L. Bradley (Ed Bradley Award for Leadership in Jazz) and Phil Schaap (Jazz at Lincoln Center Award for Artistic Excellence). Performers at the gala include: Wynton Marsalis, Cecile McLorin Salvant and Sullivan Fortner, Chucho Valdes, Nduduzo Makhathini, and Baqir Abbas. For more information, visit jazz.org/gala2020. Watch on YouTube: https://youtu.be/IjJbZetCvGw.

Dior’s Designer of Dreams exhibition

DIOR’S exhibition titled Christian Dior: Designer of Dreams is now available to view online. Originally held at Paris’ Musée des Arts Décoratifs from 2017 to 2018, the exhibition traces the evolution of the house of Dior from post-war Paris to the present through a behind-the-scenes in-the-making of the exhibition, plus a virtual tour of its rooms. Visit Dior’s YouTube channel to watch the documentary (https://www.youtube.com/watch?time_continue=1521&v=FLWDWzMrkBE&feature=emb_title).

Frank Lloyd Wright virtual tours

THE Frank Lloyd Wright Building Conservancy, in partnership with the Frank Lloyd Wright Foundation and Unity Temple Restoration Foundation is offering #WrightVirtualVisits every Thursdays (1 p.m. Eastern/10 a.m. Pacific time) in participating sites. Check the participating sites at https://savewright.org/news/public-wright-sites-swap-virtual-visits/.

Color Tolkien characters

THE official Facebook page of the late author J.R.R. Tolkien has uploaded an illustration of Smaug the Magnificent from The Hobbit Movie Trilogy Colouring Book. Download the coloring sheet at https://bit.ly/2wKY3lp.

MoMA free courses online

After offering virtual tours, the Museum of Modern Art (MoMA) is now offering free online courses. The courses include a series of five free classes for contemporary art, fashion, and photography. It includes readings and exercises which can be completed within 12 to 38 hours. For details, visit https://www.coursera.org/moma.

Print & Play activities for kids

Keep kids entertained with new curated Print & Play activities from HP. The activities from craft making, mazes, dot-to-dot drawing and puzzles are suitable for ages 2 to 12. With HP Print & Play, parents can choose from a range of activities that are best suited to their children’s needs to achieve the best possible learning outcomes. To try the activities, visit https://www8.hp.com/ph/en/printers/printandplay/index.html?jumpid=va_u19mhncewr.

Harry Potter exhibit online

The British Library’s Harry Potter: A History of Magic exhibition is available online through Google Arts and Culture. Its features include video clips and sketches, a Q&A with exhibit curator Julian Harrison. To view, visit https://artsandculture.google.com/project/harry-potter-a-history-of-magic.

The Nanny’s Pandemic Table Read

The cast of the ‘90s comedy sitcom The Nanny reunites for The Pandemic Table Read of the show’s pilot episode. It stars Fran Drescher as Fran Fine who finds a job as a nanny to the three children of wealthy widower and theater producer Maxwell Sheffield (played by Charles Shaughnessy). To watch, visit Sony Pictures Entertainment’s YouTube channel at https://www.youtube.com/watch?v=C3a6KuP1X14&feature=youtu.be&fbclid=IwAR1eEwvK0A7lrLMnt2GTXBPoDR7y8_Q5TXMexTLIo9es9Gei4W1Yi-asITM.

Science experiments at home

Enjoy 44 science experiments with the kids at home with the James Dyson Foundation Challenge cards. To download the challenge cards, visit https://www.jamesdysonfoundation.co.uk/resources/challenge-cards.html.

Hogwarts online

Hogwarts Is Here, an online version of the Harry Potter series’ magical school by Harry Potter fans that allows visitors to take courses like the characters from J.K. Rowling’s book series. Various courses include Astronomy, Herbology, History of Magic, and Transfiguration. The website also includes a forum, groups, and library feature. Visit http://www.hogwartsishere.com/.

Color Manolo Blahnik designs

Manolo Blahnik shares a selection of his original sketches for coloring. The shoe designs are downloadable at https://www.manoloblahnik.com/gb/smile.html.

Podcasts on Philippine crime

Stories After Dark features podcasts on Philippine true crime and mystery stories. It currently has 14 episodes including The Maguindanao Massacre (2009), The Ozone Disco Fire (1996), and Pepsi Paloma: Rape or Publicity Stunt? Suicide or Murder? (1982/1985). To listen, visit https://www.facebook.com/storiesafterdarkph/.

Palacio de Memoria virtual tour

Art and history enthusiasts can now go on a virtual tour of Palacio de Memoria, the resplendent Colonial Revival mansion, and marvel at its luxurious facilities and hundreds of Euro-Filipino paintings, sculptures, art displays, and historical pieces online. It features the showroom of Palacio de Memoria’s auction house, Casa de Memoria or the Casa, which houses the Lhuilliers’ unrivalled collection of antiques, the Mosphil Lounge, and a passenger plane that was refitted to be a lounge for special occasions. To view the complete Palacio de Memoria’s virtual tour, visit https://www.palaciodememoria.com/tours. For more updates, follow @thepalaciodememoria on Facebook and @palacio.de.memoria on Instagram.

E-coloring books

The Getty Museum and the Getty Research Institute of Los Angeles offers the Color Our Collections edition for 2020. To view, visit http://library.nyam.org/colorourcollections/page/11/.

Cashless worker-motivation strategies for the COVID-19 era

In this pandemic when almost all organizations have scarce and limited resources, what would you advise on the best way to continue motivating workers? What would be the role of the human resource department in making such inexpensive motivational strategies successful? Please let me know. — Green Submarine.

A river fisherman felt a bump against the side of his boat. Looking down, he saw a snake with a frog in its mouth. The fisherman grabbed his oar and whacked the snake, making it dropped the frog, which swam quickly out of the harm’s way. Feeling sorry for the snake, the fisherman look around for something to give it.

He saw a bottle of rum and gave the snake a long swig. The snake swam off a bit dizzy but apparently happy. After 10 minutes, the fisherman felt another bump. There was the same snake again, this time holding two frogs in its mouth.

This was a parable told by Michael LeBoeuf in his 1985 book — The Greatest Management Principle in the World — to emphasize how motivation works. When you reward people (even animals) with the thing they like best, they are motivated to work hard to get what they deserve.

Theoretically speaking, the best employee reward and recognition programs are those that meet the needs of majority of your workforce. Usually, these are material things. And since money is not everything and we’re in pandemic mode with almost all companies watching their cash, the best thing that you can do is to put up something that costs the company very little.

CASHLESS MOTIVATIONAL STRATEGIES
However, cashless motivational strategies are only possible if management focuses on the intrinsic motivation of its people. This is done by making the tasks enjoyable and fun, with employees aware that the work they’re doing is meaningful not only for the organization but for workers as well. Here are five of my favorite cashless strategies that all companies, regardless of industry, may use as a template:

One, write a letter of appreciation to the worker’s family. Why not directly address it to the worker? That’s the old style. Sharing pleasant news with the employee’s family is the novel approach. It’s one way to strengthen ties in the family which makes it value-adding. The original copy must be sent via a private courier for faster delivery, with a copy circulated among the worker’s colleagues and filed with the human resource (HR) department.

Two, arrange a surprise face-to-face visit by the CEO. The visit to the worker must be witnessed by all workers in the department. If this is not possible, a five-minute telephone or video call could be a second option. Imagine the thrill of receiving the special attention of the CEO, if not his deputy or anyone from the senior management team.

Three, frame a beautifully-crafted commendation letter. The frame may include a photo of the worker while he’s at work. It must describe specifically what the worker has done to exceed expectations. The letter must be signed by the employee’s colleagues and bosses and posted on the company’s bulletin board, copy furnished to the HR department.

Four, a written assurance that the worker’s job is secure. This must be worded in such a way to protect the company’s interests, in case the adverse business conditions due to the pandemic continue. The letter may state the need to maintain above-average work performance or possibly an assurance that the worker may be the last to be released in the event of unforeseen circumstances.

Last, ask the worker about his career interests. Hear it directly from the horse’s mouth. Consider asking the worker if he or she is interested in managing a special project, learning new skills, taking on a team leadership role, solving an operational issue, or developing a new program that could increase revenue, if not eliminating major expenses. If the answer is no, offer a flexible work arrangement suitable to the employee’s lifestyle.

HR DEPARTMENT’S ROLE
While organizations should always be on the lookout for management best practices, not every people manager can afford to do that. That’s where the HR department should come in to work on certain motivational strategies that could be applied corporate-wide. This may include how to direct the attention of line supervisors and managers to work performance that exceeds expectations.

Managers should not be satisfied with average performance or focus on close supervision to identify the bad apples. That’s a bad example of command-and-control. Instead, focus on “catching people doing something right.” It’s a timeless piece of advice from Kenneth Blanchard and Spencer Johnson, co-authors of One Minute Manager (1982).

When you start focusing on the positives, you begin to eliminate, if not reduce the negatives in the process. There’s nothing new in this. We’ve been hearing a lot about employee empowerment and engagement. By giving employees the full trust and the responsibility to get things done their way (subject to certain limitations), we can unleash tremendous amounts of worker energy.

HR should be the lead department on this, not only to ensure uniform application, but to serve as the in-house expert on people management for all departments.

ELBONOMICS: Emphasize the positive, eliminate the negative without spending money.

 

Send anonymous questions to elbonomics@gmail.com or via https://reyelbo.consulting

PAL not in ‘immediate’ risk of bankruptcy

PHILIPPINE Airlines is not in immediate danger of bankruptcy as its shareholders have injected around P15.2 billion into the flag carrier to keep it afloat, its top official said on Thursday.

“Our shareholders last February this year had approved an injection of $600 million,” PAL President and Chief Operating Officer Gilbert F. Santa Maria said in an interview with news channel ANC.

“About half has already been completed, so we are not in immediate danger of bankruptcy,” he added.

He made the statement a day after PAL Holdings, Inc., the listed operator of the airline, reported losses of P10.31 billion in 2019.

Mr. Santa Maria said a “good chunk” of the losses last year had been caused by the new lease accounting standard or the PFRS 16.

In its 2019 annual report, PAL said: “A material uncertainty exists that may cast significant doubt on the Group’s ability to continue.”

Mr. Santa Maria said: “So now that two months are going to pass, plus the losses in February and March, we may be approaching close to $1 billion … in revenues that have disappeared because of the COVID-19 crisis.”

On whether the company plans to cut more jobs, he said: “At this point in time, it would be extremely inhuman of us to drop our employees on the streets while the pandemic is raging. The reality is that demand will not probably recover for about two or three years, so we will have an excess of employees. If the recovery is going to be rapid, then we may retain more employees than we anticipate.”

Since 2017, PAL has lost a total of P17.6 billion. — Arjay L. Balinbin

How PSEi member stocks performed — May 21, 2020

Here’s a quick glance at how PSEi stocks fared on Thursday, May 21, 2020.

Peso gains versus dollar

THE PESO strengthened further against the dollar on Thursday on news of localized quarantine protocols and amid the ongoing dispute between the US and China.

The local currency ended stronger at P50.61 against the greenback yesterday, inching up by four centavos from P50.65-a-dollar close on Wednesday, based on data from the Bankers Association of the Philippines.

The peso opened at P50.59 per dollar yesterday, weakening to as low as P50.63 and rising to as high as P50.63 versus the greenback.

Dollars traded dropped to $778.6 million on Wednesday from $919.2 million the day prior.

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said the peso ended at its “strongest” pace in a week largely due to countries starting to gradually reopen their economies following strict lockdown measures, which could mean a pickup in activity soon.

“Peso also stronger on government plans to reduce lockdowns to the barangay level, thereby could help pick up business/economic activities and investment valuations,” Mr. Ricafort added via mobile phone message.

Carlito G. Galvez. Jr., chief enforcer of the government’s anti-coronavirus pandemic efforts, said on Tuesday they are eyeing localized quarantines where coronavirus disease 2019 (COVID-19) hot spots will be locked down at barangay level “to preserve the economy.”

This, after Metro Manila, along with other parts of the country, were placed under strict lockdown for around 10 weeks before transitioning to a modified enhanced community quarantine on May 16 where more businesses are allowed to operate but with public transportation still banned.

Meanwhile, some countries overseas started easing their quarantine protocols this month including the US, Italy, France, and Spain, among others.

For UnionBank of the Philippines, Inc. Chief Economist Ruben Carlo O. Asuncion, the peso inched up yesterday as the market reacted to “deteriorating US-China relations” after the US increased restrictions for Huawei.

“Expect the peso on a downtrend amidst the growing diplomatic spat,” Mr. Asuncion said.

A trader attributed the stronger finish to platers taking profits on expectations of “better US economic data” set to be released Thursday evening.

The trader added that “the local currency might sustain its strength from possible some dollar unloading ahead of the long weekend.”

For today, Mr. Asuncion sees the peso settling within the P50.60-50.80 range, the trader said it could fall within P50.55-50.75, while Mr. Ricafort expects it to be between P50.45 and P50.70 per dollar. — B.M. Laforga

PSE index extends climb on positive sentiment

By Denise A. Valdez, Reporter

THE MAIN INDEX climbed for a third straight day on Thursday, mirroring the rise in Wall Street overnight amid optimism on the government’s warming stance on private partnerships.

The bellwether Philippine Stock Exchange index (PSEi) rose 22.53 points or 0.40% to end at 5,604.49. The broader all shares index picked up 3.49 points or 0.10% to 3,374.96.

“The market gained 0.40% following the positive performances of the US indices overnight as investors monitor the reopening of most countries’ economies, including the Philippines, by easing lockdown measures…,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a text message.

Wall Street ended Wednesday’s session in green territory: the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indices rose 1.52%, 1.67% and 2.08%, respectively.

While the Philippines has yet to “flatten the curve” and as worries of a second wave still persist, the government seems to be more open to working with the private sector, and this sparked optimism among investors, Ms. Alviar said.

“[J]ust for today, we think that government’s plan or openness to public-private partnerships (PPP) in infrastructure projects gave a boost in the market,” she said.

“[T]his way, more economic activities in the country may speed up, despite the coronavirus pandemic and budget cuts (caused by) lower tax collection. This will be a great help for our economy to recover from the crisis,” Ms. Alviar added.

Despite the PSEi’s higher close, Ms. Alviar noted value turnover is still thin at P4.73 billion. She said this signals worries from investors who may still be on wait-and-see mode.

For AAA Southeast Equities, Inc. Research Head Christopher John Mangun, it is also worth noting that aside from low trading volumes, blue chips were mostly limited to minor movements.

“Most investors are on the sidelines as they are pessimistic that an economic recovery will be swift,” he said in an e-mail.

Sectoral indices were divided among gainers and losers. Holding firms rose 74.47 points or 1.35% to 5,592.12; industrials added 48.08 points or 0.65% to 7,347.37; and services increased 6.39 points or 0.48% to 1,331.11. On the other hand, financials lost 11.19 points or 0.98% to 1,123.29; property shed 24.04 points or 0.84% to 2,821.30; and mining and oil trimmed 12.33 points or 0.27% to 4,529.49.

Decliners outnumbered advancers, 86 against 75. Some 57 names ended unchanged.

Net foreign selling slightly increased to P121.72 million yesterday from P109.98 million on Wednesday.

“The main index is currently up a little over 1% for the week and with only one day of trading left for the week, it could go either way. After three days of minor gains, we may see it end lower as investors close positions before the weekend,” Mr. Mangun said.

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