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Entertainment News (05/04/21)

Insight Music releases sleep-inducing album

RECORD label Insight Music seeks to help insomnia-afflicted Filipinos fall into restful slumber by releasing The Perfect Sleep, a groundbreaking album that effectively induces sleep. Presented by all-natural sleep supplement DreamWell and composed by music arranger Ian Joseph Tan, The Perfect Sleep is an hour-long instrumental album that promotes deep and relaxing sleep. It is now available on various streaming platforms including Youtube, Spotify, Apple Music, Deezer, and iTunes. A 2019 study by Sleep Cycle disclosed that the Philippines ranks 4th in the world in sleeplessness, with Filipinos averaging just six and a half hours of sleep — significantly lower than the recommended amount of seven to nine hours per day. A study published by the St. Luke’s Medical Center claims that over 10 million adult Filipinos suffer from insomnia — putting them at risk for cardiovascular issues, cancer, depression, diabetes, as well as other afflictions. The Perfect Sleep by DreamWell is designed specifically for listening on those nights when stress, anxiety, or plain restlessness tend to keep people awake — the album is meant to lull them to deep and restful slumber when they need it most.

Spotify launches EQUAL Music Program in PHL

LAST month Spotify unveiled its EQUAL hub in celebration of International Women’s Day. On the heels of this launch, its new EQUAL Music Program debuted on April 30, with Filipina actress and singer Nadine Lustre as the first EQUAL Artist of the Month, featured on the cover of the Philippines EQUAL playlist. According to the USC Annenberg study funded by Spotify on representation of women in the music industry, only one in five artists in the charts are women. Yet the influence of women artists has been integral to Spotify and the music industry at large. To begin to upend this disparity, Spotify will amplify the work of women creators by extending its resources and generating more opportunities for these artists, by creating a global, cohesive, branded experience with the EQUAL Global Music Program. As the first EQUAL Artist of the Month for the Philippines, Ms. Lustre hopes to inspire women creators to continue honing their craft and using their talents to champion for equality. “I’m stoked to be part of EQUAL along with other female artists. I hope that, through our songs, we can inspire others to never stop being creative — to constantly trust themselves when tapping into their imagination — so that they feel compelled to create and share it with the world.” EQUAL local playlists will be reflected in 35 markets spanning more than 50 countries from Japan to Argentina and the Philippines to the UK. The EQUAL Global Playlist is a “best-of” flagship playlist featuring music from EQUAL artists from all around the world. One artist from each participating market will be featured on the cover of their respective local playlist as the EQUAL Artist of the Month.

Legends of Tomorrow, all seasons of Arrow premiere on Warner TV and HBO GO

DC’s Legends of Tomorrow has returned to Warner TV with its sixth season kicking off on May 3,  9 p.m. This time, the season features the familiar fun of the Legends time-travelling across historical events and encountering famous figures with an added shot of magical craziness. Meanwhile, all eight seasons of Arrow are now available for streaming exclusively on HBO GO.

Also available exclusively on HBO Go this month is Swamp Thing. Catch Warner TV in Cignal Ch. 235 and Sky Cable Ch. 34 (SD) and Ch. 197 (HD). Now you can also download these series exclusively on HBO GO.

Google Search brings anime characters to life through 3D and AR

IT is now possible to access anime characters in 3D and augmented reality (AR) using Google Search on mobile devices. These characters are: Hello Kitty, Pompompurin, Little Twin Stars, Ultraman, Gomora, Ultraman Zero, Ultraman Belial, Pac-Man, Taiko no Tatsujin, Evangelion, Gundam Penelope, Gundam Odysseus, Xi Gundam, and Cogimyun. “Filipinos are one of the biggest fans of anime and Japanese pop culture in the world. Tagalized anime series used to dominate on free-to-air TV, becoming a significant part of many Filipinos’ childhood. Now in the digital era, we want to use Google Search to bring anime fans closer to their beloved characters and bring back their fondest memories with them. During difficult times, we hope that simple joys like this can also provide comfort in one way or another,” said Mervin Wenke, Head of Communications and Public Affairs for Google Philippines. Globally in the last five years, the Philippines has been the number one country with most Google searches for Hello Kitty, number eight for Little Twin Stars, and number nine for Gundam. To access and share the anime character, search for one of the characters on Google using a mobile device and tap “View in 3D” to rotate or zoom in and see it up close. It is also possible to bring the characters from outer space into live space with AR and turn up the volume to hear Hello Kitty deliver a message or Pac-Man’s retro sound effects. For Android devices, search for “Hello Kitty” or one of the 14 characters on the Google app or any Android browser and tap “View in 3D.” The 3D content can be seen on devices with Android 7 Plus while AR content can be accessed on ARCore-enabled devices. For iOS devices, search for “Hello Kitty” or one of the 14 characters on the Google app. The 3D and AR characters are available on iOS 11.0+ devices. One can also take a photo or video of the AR characters using the camera or recording button.

HBO GO and HBO mark National Mental Health Month

CELEBRATE National Mental Health Month this May with programs and movies on HBO GO and HBO that take viewers on an emotional yet relatable rollercoaster ride. Begin the journey with the HBO Max Original Film, Let Them All Talk, starring Meryl Streep, Candice Bergen, and Dianne Wiest, which adopts a more personal look at the childhood friendships of novelist Alice Hughes and her two oldest friends while they are on a long voyage. Let Them All Talk will premiere on May 22, 9 p.m., exclusively on HBO GO and HBO. The HBO Original Series In Treatment returns for a fourth season on May 24, 10 p.m., exclusively on HBO GO and HBO with new episodes premiering every Monday and Tuesday at the same time. Uzo Aduba plays the observant and empathetic therapist, Dr. Brooke Taylor, who works with a diverse trio of patients who need her help to navigate a variety of modern concerns such as the global pandemic and major social and cultural shifts. Meanwhile, Brooke has her own complications to deal with in her own personal life. Another series is The Outpost, which features the harsh reality of soldiers involved at the frontlines of the Battle of Kamdesh, one of the bloodiest American engagements during the Afghan war. The new mystery thriller premieres on May 8, 9 p.m., on HBO GO and HBO. It stars Scott Eastwood, Caleb Landry Jones and Orlando Bloom. On a much lighter note, Dave Bautista plays an undercover spy who is not immune to the spunky charms of a nine-year-old girl under his protection in My Spy, premiering on May 15, 9 p.m., on HBO GO and HBO. Finally, experience the thrill and suspense as negotiators attempt to finalize the 1993 Oslo Peace Accords in the HBO original film, Oslo, premiering on May 30, 8 a.m., on HBO GO and HBO. Based on a true story, this HBO Original Film chronicles the story of negotiations between implacable enemies, from the secret back-channel talks to the unlikely friendships and quiet heroics of a small but committed group of Israelis, Palestinians, and one Norwegian couple that led to the 1993 Oslo Peace Accords. It stars Ruth Wilson and Andrew Scott.

Boris Brejcha releases new track ‘House Music’

GERMAN DJ and producer Boris Brejcha is back with new track “House Music” featuring UK-based, indie pop trio Arctic Lake, out now via Ultra Records. Coming off of his last release, “Spicy,” Mr. Brejcha presents “House Music.” Featuring soft, high-pitched vocals and a steady background beat, this track is perfect for freestyle dancing. An official video was also released containing clips sent in by Mr. Brejcha’s fans of them dancing to the new track. In order to get these fan submissions, Mr. Brejcha held a month-long Instagram challenge and called for some special dance moves to be featured in the video. Released in April, “Spicy,” featuring long-term collaborator Ginger, marked the first release from Brejcha’s forthcoming album in November. A melodic techno track, “Spicy” combines driving snares, delicate piano chords and Ginger’s fleeting vocals.

Ohmyhome overhauls main website pages

PROPERTY SOLUTIONS platform Ohmyhome revamped two of its main website pages and upgraded its features, to make it easier for visitors to search for properties.

In a statement, Ohmyhome said it upgraded the aesthetic and features of its home page and the properties page. Both pages have a search bar, which gives buyers an option to search by project name, area, or developer. It also shows initial options of areas or developers that users can quickly check out.

The Home Page also has a new section that organizes all the real estate projects available on the platform. Users can click on the real estate developer to view projects in locations all over the country.

Ohmyhome currently carries listings of projects from Avida Land, SM Development Corporation, Suntrust, Honeycomb Builders, as well as Vista Bluechips Marketing brands: Vista Residences, Crown Asia, CoHo, Brittany, Lumina, Camella, and Lessandra.

On the new Properties Page, users can search under the following categories: “Explore by Area,” “Ready for Occupancy,” “Preselling,” “Below P5 Million,” “Below P10 Million,” “Prime Properties,” “Made for Families,” and “For the Professionals.”

Shareholders approve Phoenix Petroleum’s planned asset sale

PHOENIX Petroleum Philippines, Inc. said on Monday that its stockholders had greenlit the listed oil firm’s unloading of certain corporate assets for its debt management and funding activities.

During the firm’s annual stockholders’ meeting on April 30, shareholders had given the authority to company management to enter into negotiations with third parties and entities under beneficial terms.

The possible transactions include the “transfer, sale, mortgage and disposal of certain corporate properties, assets or investments.”

The shareholder approval comes more than a month after Phoenix Petroleum said that along with subsidiaries, it was “open to consider any investor [who is] willing to invest and believes in the operations of the company, and can further add value to its business activities.”

Alan Raymond T. Zorrilla, Phoenix Petroleum’s senior vice-president for external affairs, business development and security, previously said that the firm was exploring how it could maximize the value of its non-core assets outside the marketing business.

“We are also looking at potential partnerships that could support and accelerate growth of our various businesses,” he said.

On Friday, Henry Albert R. Fadullon, Phoenix Petroleum president and chief operating officer, said that the firm’s financial performance for April may be “very close to pre-COVID [levels], if not pre-COVID levels, already.”

In the next five years, the company plans to focus on its retail and liquified petroleum gas businesses to drive growth.

Phoenix Petroleum’s net income attributable to the parent firm dropped 93% to P102 million in 2020 as economic activity was hampered by the global health emergency.

On Monday, its shares at the local bourse shed 0.65% or 8 centavos to close at P12.24 apiece. — Angelica Y. Yang 

House approves bill granting tax exemptions to rural banks

PHILSTAR
PHILSTAR

THE HOUSE Committee on Ways and Means has approved a proposed measure granting rural banks tax exemptions for the first five years of their operations

In a hearing on Monday, the House tax panel approved the tax provisions under a substitute bill that consolidated proposed measures that aim to strengthen the country’s rural banking system.

“The committee hereby approves the Substitute Bill to House Bills 4256, 4622, 5143 and 8359,” the committee’s chair, Albay Representative Jose Ma. Clemente S. Salceda, said on Monday.

The bill was initially approved by the House Committee on Banks and Financial Intermediaries and will be up for plenary debates once Congress resumes its session.

Based on the recommendations of the House tax committee, which were also okayed by the House banks panel during the hearing, rural banks created after the measure is enacted will be exempted from all taxes and fees, except corporate income and local taxes, for the first five years of their operations.

A surviving rural bank or consolidated rural banks due to mergers will also be exempted from all taxes, charges and fees, except for corporate income tax and local taxes, during their first five years of business.

The initial substitute bill proposed that rural banks be exempted from all taxes, fees, and charges without providing a period for the perk.

Mr. Salceda said these recommendations were made so the measure “won’t be vetoed.” — GMC

How PSEi member stocks performed — May 3, 2021

Here’s a quick glance at how PSEi stocks fared on Monday, May 3, 2021.


Manufacturing purchasing managers’ index of select ASEAN economies, April (2021)

PHILIPPINE factory activity slumped anew in April, as renewed lockdown restrictions in Metro Manila and nearby provinces hampered manufacturers’ operations and dampened demand, a survey by IHS Markit showed. Read the full story.

Manufacturing purchasing managers’ index of select ASEAN economies, April (2021)

BSP gives lenders more time to submit 2020 financial statements

BW FILE PHOTO

THE BANGKO SENTRAL ng Pilipinas (BSP) has extended the deadline for the 2020 audited financial statements of banks and other financial institutions by two months to June 30 to give them more time to comply amid the prolonged crisis.

The BSP said in a statement on Monday that it moved the deadline by 60 days from April 30 initially to align with the new submission date set by the Securities and Exchange Commission (SEC). SEC earlier moved the deadline for 2020 annual reports to May 17 from April 15.

It also extended the validity of other relief measures until the end of 2021, including the relaxed notification requirements for changes in banking days and hours, and closures of offices; eased customer identification requirements; and waived the fees for applications on license or authority to provide electronic payments and financial services.

However, the BSP asked banks to post a notice of closure or change of banking hours on their websites, social media accounts, and areas near the affected branch.

The central bank also waived the pre-approval requirement for banks applying for a deadline extension for opening their branches and branch-lite units that have been previously approved for opening. It, however, said banks can only defer the opening of their branches for up to three years from the date of approval by the regulator.

The relief measures were outlined in Memorandum No. M-2021-029 of the BSP, which also required BSFIs to submit a report on the offices and branches that have been temporarily closed and to update on the status of the possible re-opening of the establishments.

“The package of relief measures was adopted in recognition of the evolving nature of the COVID-19 situation and the need to support BSFI (BSP-supervised financial institutions) operations to ensure uninterrupted access of clients, especially retail customers, to financial products and services,” BSP Governor Diokno Benjamin E. Diokno said.

“The BSP’s measures will complement National Government efforts to distribute financial aid and social amelioration funds to intended beneficiaries,” he added. — BML

Peso climbs on PMI data

BW FILE PHOTO

THE PESO appreciated against the greenback on Monday after data showed factory activity deteriorated in April because of the renewed lockdown.

The local unit closed at P48.05 per dollar on Monday, up by five centavos from its P48.10-a-dollar finish on Friday, based on the data from the Bankers Association of the Philippines.

The peso opened the session at P48.10 per dollar and dropped to as low as P48.135. It peaked at P48.022 against the greenback.

Dollars traded fell to $885.2 million yesterday from $1.185 billion on Friday.

Rizal Commercial Banking Corp. (RCBC) Chief Economist Michael L. Ricafort attributed the stronger peso to the contraction in the contry’s manufacturing PMI in April.

Mr. Ricafort said the data signalled slower recovery prospects for the economy especially for imports, which could dampen demand for US dollars. He added that the reimposed lockdown could further slow the recovery of imports.

Factory activity in the country declined again in April, snapping a three-month winning streak, after the extended lockdown in Metro Manila and nearby provinces hampered production and weakened demand anew, a survey by IHS Markit showed.

The Philippine Manufacturing Purchasing Managers’ Index (PMI) went down to 49 in April from 52.2 in March “to signal a marginal contraction in operating conditions across the Filipino manufacturing sector.”

Last month’s PMI went below the 50-neutral mark that separates deterioration from expansion, marking the first slump after three consecutive months of growth or since December’s 49.2.

“The peso appreciated anew as the dollar’s appeal weakened with US bond yields remaining relatively subdued,” a trader said via email.

The trader added that the local currency may depreciate against the greenback again ahead of the inflation report for April, which will be released on Wednesday, May 5.

For Tuesday, Mr. Ricafort said they expect the peso to range from P48 to P48.12 per dollar, while the trader gave a wider P48-P48.20 forecast range. — B.M. Laforga

Stocks drop as virus continues to cloud outlook

COURTESY OF PHILIPPINE STOCK EXCHANGE, INC.

PHILIPPINE shares declined on Monday as investors remained cautious over the country’s economic outlook as the coronavirus pandemic continues to affect recovery prospects.

The Philippine Stock Exchange index (PSEi) declined by 1.59 points or 0.02% to close at 6,369.28 on Monday, while the all shares index inched down by 0.03 point to end at 3.923.

“The inability to sustain gains reflects investors’ low confidence towards the market, as they remain worrisome over our pandemic situation and economic outlook,” Meanwhile, Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a Viber message.

“Trading became even more anemic… [this] shows that many investors are staying away from the local market due to the lingering uncertainties,” Mr. Tantiangco added.

Value turnover dropped to P4.39 billion on Monday with P3.03 billion shares switching hands, from the P8.62 billion with 6.77 billion issues seen on Friday.

“The uncertainty on the pace of the economy’s recovery is keeping the sentiment subdued,” AAA Southeast Equities, Inc. Research Head Christopher John J. Mangun said in an e-mail.

“The country’s manufacturing output contracted for the month of April, ending a [three]-month streak of growth, according to the monthly survey conducted by IHS Markit,” he noted. “It had almost no effect on the market as it was expected and already factored in, due to the tightening of quarantine restrictions last month.”

Factory activity in the country declined again last month, snapping a three-month climb, as the extended lockdown in Metro Manila and nearby provinces affected production and demand, a survey by IHS Markit showed.

The Philippine Manufacturing Purchasing Managers’ Index (PMI) went down to 49 in April from 52.2 in March “to signal a marginal contraction in operating conditions across the Filipino manufacturing sector.”

Last month’s PMI went below the 50-neutral mark that separates deterioration from expansion, marking the first slump after three consecutive months of growth or since December’s 49.2.

Sectoral indices were split on Monday. Industrials fell by 46.51 points or 0.53% to end at 8,632.84; services went down by 1.83 points or 0.12% to 1,441.28; and property lost 3.29 points or 0.1% to finish at 3,074.65.

Meanwhile, mining and oil gained 31.30 points or 0.32% to close at 9,675.59; holding firms improved by 21.11 points or 0.32% to end at 6,462.42; and financials went up by 3.53 points or 0.25% to 1,397.76.

Decliners outnumbered advancers, 111 against 83, while 56 names closed unchanged.

Net foreign selling increased to P429.45 billion on Monday from the P307.2 million in net outflows seen the previous trading day.

“Investors will remain in limbo until we see clearer signs of a resumption in the economy’s recovery,” AAA Southeast Equities’ Mr. Mangun said. — K.C.G. Valmonte

Plan to tap GOCCs for stimulus clears House panel

PHILSTAR

THE HOUSE Committee on Ways and Means has approved a proposal to tap government companies’ dividends more extensively to fund the third stimulus package.

The sourcing of funds from government-owned and -controlled corporations (GOCCs) was approved by the panel in passing the revenue generation provisions of the unnumbered substitute bill that, if approved, will enter the books as the Bayanihan to Arise as One Act, known informally as Bayanihan III, according to a statement issued by the committee’s chairman, Albay Rep. Jose Ma. Clemente S. Salceda.

The bill hurdled the House Committee on Economic Affairs and Social Services last week and will be referred to the House Committee on Appropriations.

The Ways and Means committee approved a provision authorizing the Secretary of Finance to submit a list of GOCCs to the Joint Executive-Legislative Bayanihan Council, which will then endorse the list to the President. The GOCCs on the list will be required to increase their dividend payouts beyond the 50% required by law.

The President will also have the authority to withdraw capital from GOCCs.

Mr. Salceda has called for a temporary increase in the GOCC dividend payout to 75%, which will require amendments to Republic Act 7656.

Another revenue provision approved by the committee would authorize the Bangko Sentral ng Pilipinas to make direct advances to the government in financing measures authorized by law that will address the coronavirus disease 2019 (COVID-19) containment effort.

In a separate statement on Monday, Mr. Salceda said the committee hopes to “keep the fiscal deficit in check” by identifying other sources of funds for the third Bayanihan stimulus package.

Other sources being looked at are taxes on online cockfighting and Philippine Offshore Gaming Operations, he said.

The third stimulus package, which follows the Bayanihan to Heal as One and Bayanihan to Recover as One laws, known as Bayanihan I and II respectively, is being touted as an aid package for households and industries severely affected by the economic downturn caused by the pandemic. — Gillian M. Cortez

ATI applies to raise cargo handling rates at Port of Batangas 

ASIAN TERMINALS, INC.

LISTED PORT OPERATOR Asian Terminals, Inc. (ATI) and its unit ATI Batangas, Inc. (ATIBI) have filed applications with the Philippine Ports Authority (PPA) to increase cargo handling tariffs at the Phase I and Phase II terminals of the Port of Batangas.

“The PPA will conduct a virtual public hearing on the petitions of ATI and ATIBI for upward adjustment of the cargo handling tariffs at Phase I and Phase II, Port of Batangas, respectively via Microsoft Teams” on May 7, the PPA said in a notice dated April 20.

In a copy of their sworn filing published on the PPA website, ATI and its Batangas unit, which hold the contract to operate, manage, maintain, and develop the Phase I of the Port of Batangas, said they are allowed to request rate adjustments every three years.

Citing a PPA board resolution, ATI and ATIBI said the rate of adjustment will be computed using a multiplier of 1.1523 on the current tariff.

The same formula will be used for Phase II’s rate adjustment.

The last increase at Phase I was in May 2017.

ATI, which holds a contract to operate, manage, maintain, develop, and promote the Container Terminal A-1 Phase II of the Port of Batangas, said its last increase was in November 2017.

The PPA issued Memorandum Circular No. 03-2017 on April 25, 2017, allowing an increase of 11% in the cargo handling rate in addition to the 10% provisional increase granted in 2013 at Phase I of the Port of Batangas.

For Phase II, the PPA issued Memorandum Circular No. 08-2017 on Oct. 26, 2017, allowing a cargo handling rate increase of 9% for foreign containerized cargoes.

ATI’s attributable net profit in 2020 fell 20.4% to P2.95 billion. Revenue from operations declined 17.8% to P10.96 billion.

ATI has said it is spending around P6 billion this year, mainly to acquire new cargo handling equipment and on some logistics infrastructure projects in Luzon. — Arjay L. Balinbin

Palace asks DICT to cancel free WiFi deal with SpeedCast

THE PALACE on Monday asked the Department of Information and Communications Technology (DICT) to cancel its contract with a Hong Kong-based satellite company tapped to implement the P1.3-billion free WiFi project, alleging the slow progress made in the rollout.

In 2017, President Rodrigo R. Duterte signed Republic Act No. 10929, which authorized the DICT to partner with the United Nations Development Programme (UNDP) to provide free internet access to the public.

In a televised public briefing, the President’s spokesman Herminio L. Roque, Jr. said the government was unhappy with the poor performance of SpeedCast International Ltd., noting that only about 10,000 of the 120,000 targeted free wireless internet sites have been completed.

Tapatan lang po, mula noon hanggang ngayon eh talagang medyo nakakabahala po ang bagal nang pag-implement nitong libreng WiFi (To be honest, the slowness of the implementation from the time the project was approved has been concerning),” Mr. Roque said.

Siyempre po, hindi tayo happy. Ang pangako natin, libreng WiFi sa lahat. Dapat magkaroon pa rin ‘yan ng katuparan sa administrasyon ni President Duterte, and we have one year to go (We are not happy because the government promised free WiFi, which it was counting on by the time President Duterte’s term ends,” he added.

In a letter to Information and Communications Technology Secretary Gregorio B. Honasan II last week, Customs Commissioner Rey Leonardo B. Guerrero said Speedcast had undervalued six of its shipments “with the assistance of the local customs broker it contracted.”

Mr. Guerrero asked the DICT to direct the UNDP to take significant action against “any foreign entity” involved in the project “which is found to have violated Philippine laws.”

Iyan po ay iimbestigahan na ng DICT (That will be investigated by the DICT),” Mr. Roque said, referring to corruption allegations against the company. He added that officials found to have been involved will face corresponding penalties.

Ang posisyon po talaga ng Presidente at DICT ay itigil na ang involvement nitong current contractor na foreign… at ibalik na ang pera na naibayad na sa kanila dahil pupuwede na pong ipagpatuloy ‘yan ng DICT (The President’s position is to halt the involvement of the foreign contractor and to seek the return of the money, because the DICT can take on the project from here).”

Mr. Roque noted that the DICT was able to establish WiFi in five times more sites than the contractor did from 2015 to 2019.

Citing its “recent performance,” Mr. Roque said the government is confident that the DICT will be able to establish more sites or reach its target before the President’s term expires in 2022. — Kyle Aristophere T. Atienza