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Billie Eilish film offers intimate look at teen music sensation

LONDON —  A new documentary captures Billie Eilish’s meteoric rise to fame, in an intimate portrayal of the teenager recording music at home, passing her driving test, going through a relationship break-up and meeting her idol Justin Bieber.

Billie Eilish: The World’s a Little Blurry follows the American singer-songwriter’s close relationship with her family, performing on stage, on the road, meeting fans and collecting five Grammy Awards, the music industry’s highest honors.

Filmmaker R.J. Cutler first met Ms. Eilish, known for her unique sound, when she was 16, describing her as  “real and awesome and easy and quirky and funny and somebody I thought I’d love to make a movie about.”

“It’s the story of this … remarkable figure … who is simultaneously going through a kind of artistic arrival … and … professional arrival and … coming of age,” he told Reuters.

Ms. Eilish, now 19, and her producing partner brother Finneas are regularly shown making music together at home, rehearsing songs such as the theme for the upcoming James Bond movie No Time To Die.

“It’s very exciting to see how they work together and collaborate together,” Mr. Cutler said. “It’s very natural.”

The film, released on Apple TV+ on Friday, features home footage of Eilish as a child and shows her working on her chart-topping album When We All Fall Asleep, Where Do We Go?. It ends with her Grammys win last year, when she became the youngest person to scoop the top four awards in one night.

Mr. Cutler said his team had complete editorial control over the film, which also shows Ms. Eilish battling health issues and learning to deal with fame.

In one scene, she is seen telling an audience: “This is so weird you guys, I’m nobody. I don’t know why you like me.” — Reuters

Tagaytay hotel adapts to ‘new normal’

OPENING a business amid a pandemic is not ideal, but a new hotel in Tagaytay City is adapting to the “new normal.”

In a statement, Hotel Casiana said it has been strictly implementing health protocols mandated by the Inter-Agency Task Force on Emerging Infectious Diseases and the Department of Tourism to ensure a safe vacation for all guests.

Physical social distancing is observed in common areas of the hotel. Staff and guests are required to wear face masks and face shields.

Hotel Casiana said its rooms have a commercial-type air purifying machine. Guests receive a care kit containing alcohol, face masks, and disinfecting wipes. A trash bin for face masks is available.

The hotel also offers spa services for guests in their own rooms. Massage therapists wear proper personal protective equipment and face masks, and bring sanitized towels and linens.

Hotel Casiana is located along the Tagaytay-Nasugbu main highway, near the Mahogany Market and Taal Lake.

Robinsons malls offer bike parking, repair stations

ROBINSONS MALLS is now offering bike parking and repair stations at its shopping centers nationwide.

In a statement, the Robinsons Malls said the bike parking areas are well-lighted and can accommodate over 60 bicycles.

At the repair stations, various tools such as screwdrivers, open wrenches, multi-function folding knife, t-socket head screw wrench, tire levers, allen wrench set and a manual air pump are available for use.

Both the parking and repair station are free to use.

“Robinsons Malls’ Bike Parking and Repair Stations are easy to spot as these are whimsically designed and strategically located inside the mall’s parking area, some near the mall entrances and public road access,” the company said.

DBP dollar bond issue gets ‘BBB’ rating

THE DEVELOPMENT BANK of the Philippines’ (DBP) planned issuance of dollar-denominated unsecured notes has been given an expected grade of “BBB” by Fitch Ratings.

“We expect a high probability of extraordinary state support for DBP, if needed, due to its strategic policy role, full state ownership, systemic importance as the second-largest state-owned bank in the Philippines with around 5% share of system assets, and the state’s ability to provide support,” Fitch said in a note on Monday.

The debt watcher said the expected rating for the planned issuance may be lowered in case of any significant reduction in the bank’s state ownership, influence and support.

On the other hand, an upgrade in the sovereign rating of the Philippines could lead to higher rating for the debt instruments.

Fitch affirmed its “BBB” rating for the Philippines in May last year, although it downgraded its outlook to stable from positive amid a pandemic-induced recession.

BusinessWorld reached out to DBP for details about the planned issuance but did not receive a response as of press time.

DBP in December raised P21 billion from two-year peso-denominated bonds that carry a coupon rate of 2.5%.

It also served as lead issue manager for the government’s ongoing offering of retail Treasury bonds, together with Land Bank of the Philippines. — LWTN

AboitizPower to supply renewable energy to Wells Fargo branch

ABOITIZ Power Corp. announced on Monday that its unit would be supplying 7,500 megawatt-hour (MWh) of renewable energy yearly to Wells Fargo International Solutions LLC-Philippines to help the latter meet 65% of its electricity requirements.

The supply to Wells Fargo’s branch in Taguig City is bundled with a renewable energy (RE) certificate, it added in a press release.

AboitizPower said that the renewable power would be sourced from its subsidiary AP Renewables, Inc.’s Tiwi-MakBan geothermal plants in Laguna, Batangas, and Albay. The company said that the power would be bundled with International Renewable Energy Certificates (I-REC).

An I-REC is an energy attribute certificate that allows end-users to make reliable claims that their energy usage comes from renewable sources.

AboitizPower added that the power supply agreement would supply more than half or 65% of Wells Fargo electricity requirements.

“Wells Fargo’s recent purchase agreement with AboitizPower represents an important step in the next phase of the bank’s renewable energy goal — to transition to a higher mix of long-term renewable energy contracts and significantly increase deployment of on-site generation to support the development of net-new sources of renewable energy,” AboitizPower said.

The company said that with the purchase agreement, Wells Fargo joins a group of companies that are shifting to RE or “Cleanergy”, which is AboitizPower’s brand for RE.

For Wells Fargo Chief Social Impact and Sustainability Nate Hurst, RE projects such as AboitizPower’s Tiwi-MakBan’s geothermal facility are crucial in helping the international bank mitigate the impacts of climate change.

“If we focus on markets where our energy needs are the greatest, we can advance our operational goals in a more sustainable way while also empowering job creation and care for the environment in communities where our employees live and work,” he said in a statement.

Wells Fargo Philippines Corporate Properties Group Head Edzel Ritchie Reyes said that the bank’s purchase agreement with AboitizPower is an “important additional step in their sustainability journey.” — Angelica Y. Yang

Entertainment News (03/02/21)

Hayu shows final season of Keeping Up with the Kardashians

THE 20th  and final —  season of the Kardashian-Jenner reality show premieres on Mar. 19 on Hayu. Witness what’s next for Khloe and Tristan, if there will be a reconciliation between Kourtney and Scott, and if the show will shed light on Kim’s ugly crying teaser on her Instagram during the last day of filming. Access unlimited shows with a subscription. Sign on to hayu.com with a weekly plan for P49 or a monthly plan for P149 with a free trial.

Army of the Dead is coming to Netflix

ZACK Snyder’s Army of the Dead will premiere May 21 on Netflix. Set during a zombie outbreak in Las Vegas, the show follows a group of mercenaries who venture into the quarantine zone to pull off the greatest heist ever attempted. The show stars Dave Bautista, Ella Purnell, Omari Hardwick, Ana De La Reguera, and Theo Rossi.

Heroes are coming to HBO GO, HBO, and Warner TV

ALL kinds of heroes from WarnerMedia are coming to HBO GO, HBO, and Warner TV this month. There is Zack Snyder’s directors’ cut of Justice League which will premiere at the same time as the US on Mar. 18, exclusively on HBO GO.  In the fifth installment of the DC Extended Universe film series, Batman and Wonder Woman —  determined that Superman’s sacrifice in Batman vs. Superman: Dawn of Justice is not in vain —  join forces to recruit a team of metahumans to protect the world from a threat of catastrophic proportions. Meanwhile, The Flash returns to Warner TV for a seventh season, starting Mar. 3, 9 p.m. After a cliffhanger last season which saw the new Mirror Master victorious and still-at-large in Central City, The Flash must regroup in order to stop her and find a way to make contact with his missing wife. Season 2 of Batwoman airs on Warner TV (Cignal: 235 [HD] and SkyCable: 34 [SD], 197 [HD]) on Mondays at 9:50 p.m. As Ryan Wilder’s Kryptonite wound grows more severe, it hinders Batwoman’s ability to protect Gotham City. Michael B. Jordan portrays the life of Bryan Stevenson in his history-making legal battle in the series Just Mercy on HBO and HBO GO, starting Mar. 20, 9 p.m. After graduating from Harvard, Bryan, heads to Alabama to defend those wrongly condemned or who were not afforded proper representation, with the support of local advocate Eva Ansley. One of his first, and most incendiary, cases is that of Walter McMillian (Jamie Foxx), who, in 1987, was sentenced to die for the murder of an 18-year-old girl, despite a preponderance of evidence proving his innocence and the fact that the only testimony against him came from a criminal with a motive to lie. In the years that follow, Bryan becomes embroiled in a labyrinth of legal and political maneuverings and overt and unabashed racism as he fights for Walter, and others like him, with the odds — and the system — stacked against them.

Dramedy Genera+ion debuts on HBO GO

THE MAX Original dramedy Genera+ion will premiere at same time as the US exclusively on HBO GO with three episodes on Thursday, Mar. 11. The series continues with two new episodes on Mar. 18, two more on Mar. 25, and one episode on Apr. 1. An additional eight episodes comprising the second half of the season will debut later this year. Genera+ion is a half-hour dark comedy series following a diverse group of high school students whose exploration of modern sexuality (devices and all) tests deeply entrenched beliefs about life, love and the nature of family in their conservative community. Stream or download Genera+ion on HBO GO.

Tala drops new single

SINGER/songwriter Tala (full name: Tala Gil) has released a new single, “24,” inspired by the simulation video game Stardew Valley. The song also talks about moving away from the city and missing a place you’ve never been to or a person you’ve never actually met. The song is out now on Spotify, Apple Music, YouTube Music, Amazon Music, Deezer, and other digital stores worldwide under Universal Records.

Eve Alai releases new single

SINGAPORE-based electronic artist Eve Alai teamed up with UK based artist Arjun Ratwatte and Sri Lankan producer Madaid on a new single titled “Summer.” The song can be heard via this link: https://www.umamirecords.sg/summer/.

Zack Tabudlo releases ‘80s-inspired track

ZACK Tabudlo returns with a bright, 1980s pop-inspired number about a girl who gives hints of love and interest, but is afraid of commitment. Released via Island Records Philippines, the single “Elizabeth” was loosely inspired by his admiration for actress Liza Soberano; hence, the title’s relation to the actress’ real name outside of showbiz. With its pulsating beats and retro-futurist sheen, the song is heavily indebted to the New Wave hits of the ‘80s. “Elizabeth” is out on all digital platforms worldwide via MCA Music, Inc.

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

MANUFACTURING ACTIVITY in the Philippines remained in expansionary mode for a second straight month in February, as demand picked up with the reopening of more businesses, a survey conducted by IHS Markit showed. Read the full story.

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

How PSEi member stocks performed — March 1, 2021

Here’s a quick glance at how PSEi stocks fared on Monday, March 1, 2021.


Peso steady on PMI data, vaccination

THE PESO closed unchanged versus the greenback on Monday as the market priced in steady manufacturing activity in February and the start of the government’s vaccination drive.

The local unit closed at P48.59 per dollar on Monday, unchanged from its Friday finish, data from the Bankers Association of the Philippines showed.

The peso opened Monday’s session at P48.60 per dollar. Its weakest showing was at P48.67 while its intraday best was at P48.54 against the greenback.

Dollars traded slumped to $678.45 million on Monday from the $1.325 billion logged on Friday.

The peso’s steady close came following the release of the latest February purchasing managers’ index data, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said.

IHS Markit reported yesterday that the Philippines’ manufacturing PMI in February was at 52.5 for the second straight month, going beyond the 50-neutral mark and signifying growth.

The country’s reading was second best in the region next to Singapore (55.2) and was better than Vietnam (51.6) and Indonesia (50.9), Malaysia (47.7), Thailand (47.2), and coup-stricken Myanmar (27.7). It was also higher than the ASEAN average of 49.7.

A trader, meanwhile, attributed the peso’s flat finish to mixed market sentiment due to optimism over the start of vaccinations in the country and the stronger US personal consumption expenditure (PCE) inflation data released on Friday.

The Sinovac vaccines donated by the Chinese government arrived in the Philippines on Sunday and some healthcare workers were inoculated on Monday.

Meanwhile, US consumer spending increased by the most in seven months in January as the government doled out more pandemic relief money to low-income households and new COVID-19 infections dropped, positioning the economy for faster growth in the first quarter, Reuters reported.

Despite the strong rebound in consumer spending reported by the Commerce department on Friday, price pressures were muted. Inflation is being closely watched amid concerns from some quarters that US President Joseph R. Biden’s proposed $1.9-trillion COVID-19 recovery package could cause the economy to overheat.

Consumer spending, which accounts for more than two-thirds of US economic activity, jumped 2.4% last month. That was the biggest gain since last June and ended two-straight monthly declines. Personal income shot up 10%, the largest increase since last April when the government disbursed the first round of stimulus checks. Income rose 0.6% in December.

Inflation was benign last month. The PCE price index excluding the volatile food and energy component rose 0.3% after a similar gain in December. In the 12 months through January, the so-called core PCE price index increased 1.5% after advancing 1.4% in December.

The core PCE price index is the Fed’s preferred inflation measure for its 2% target, a flexible average.

For today, Mr. Ricafort gave a forecast range of P48.55 to P48.65 per dollar, while the trader sees the peso moving between the P48.50 to P48.70 band. — L.W.T. Noble with Reuters

Stocks climb on surge in US yields, vaccine arrival

LOCAL STOCKS climbed on Monday as investors chose to stay in the market after yields on US bonds surged last week.

The Philippine Stock Exchange index (PSEi) climbed 78.11 points or 1.15% to finish 6,872.97 on Monday, while the all shares index went up by 45.1 points or 1.09% to close at 4,165.4.

“Shares in the Philippine market closed on the positive as an outsized surge in bond yields spooked investors, who rushed to dump risk assets, especially high-flying technology names,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message on Monday.

“The major US averages tumbled in rapid fashion as the 10-year Treasury yield soared as high as 1.6% in a sudden move that some described as a ‘flash’ spike,” Mr. Limlingan added.

Yields on the benchmark 10-year US Treasuries surged above 1.6% last week for the first time in a year amid weaker-than-expected bids for offered seven-year notes, Reuters reported. However, US bond yields slid sharply on Monday, with the benchmark 10-year US Treasury yield falling about 5 basis points to 1.403%, off Thursday’s one-year high of 1.614%.

COL Financial Group, Inc. Chief Technical Analyst Juanis G. Barredo said the easing of US yields boosted sentiment on the local market as it eased investor concerns.

“Progress on the inoculation of the vaccines that recently arrived may have improved the sentiment,” AAA Southeast Equities, Inc. Research Head Christopher John J. Mangun added in an e-mail.

“The Philippine manufacturing sector recorded its second month of expansion in February as manufacturers rebuilt their inventory in anticipation of increased demand. This also confirmed the economy’s recovery to investors,” he added.

All sectoral indices went up on Monday. Holding firms climbed by 96.05 points or 1.38% to 7,016.13; industrials added 86.71 or 1% to finish at 8,742.05; property went up by 33.47 points or 0.96% to 3,490.61; financials rose 13.38 points or 0.9% to 1,490.57; mining and oil increased by 49.2 points or 0.52% to 9,380.87; and services inched up by 6.48 points or 0.44% to end at 1,459.84.

Value turnover declined to P8.34 billion on Monday with 8.72 billion shares switching hands from the P13.74 billion with 12.28 billion issues traded on Friday.

“Trading volumes declined as some investors opted to stay on the sidelines because of the uncertainty,” Mr. Mangun said.

Advancers outnumbered decliners, 149 versus 76, while 48 names closed unchanged.

Net foreign selling went down to P861.24 million on Monday from P972.65 million recorded the previous trading day.

Mr. Mangun said the local index may move towards the 7,000 mark in the coming days.

Meanwhile, COL Financial’s Mr. Barredo said he expects the market to close at 6,980 to 7,100. — Keren Concepcion G. Valmonte with Reuters

Manila starts vaccination of health workers

By Vann Marlo M. Villegas, Reporter

THE PHILIPPINES started immunizing its most vulnerable people against the coronavirus on Monday after receiving 600,000 doses of CoronaVac donated by China.

The head of the state-owned Philippine General Hospital (PGH) in Manila was the first to get the shot made by Chinese drug maker Sinovac Biotech Ltd.

Aside from PGH Director Gerardo D. Legaspi, also vaccinated at the hospital were Food and Drug Administration’s (FDA) Rolando Enrique Domingo and infectious disease expert Edsel T. Salvana.

Vaccine czar Carlito G. Galvez, Jr. said the economy would not recover and life would not return to normal if people don’t get vaccinated. Vaccination is a “moral obligation,” he told a televised news briefing before the start of the rollout.

“Let’s not wait for the so-called best vaccine,” he said in Filipino. “There is no such best vaccine because the best vaccine is the one that is effective, efficient and arrives early.”

The government would try to vaccinate all local health workers this month, Mr. Galvez said.

A hundred PGH workers were inoculated with the CoronaVac, Mr. Legaspi told an online news briefing.

Hospital spokesman Jose Jonas D. del Rosario said at the weekend only 12% of the 2,500 hospital staff who answered a poll wanted to take the CoronaVac shots.

Mr. del Rosario on Sunday said those who declined to get vaccinated with CoronaVac would still be prioritized once other vaccine brands arrive.

The vaccinations were also held at five other hospitals in Metro Manila: Lung Center of the Philippines, Dr. Jose N. Rodriguez Memorial Medical Center Sanitarium, Veterans Memorial Medical Center, Philippine National Police General Hospital and Victoriano Luna Medical Center.

Testing czar Vivencio B. Dizon was vaccinated at the Sanitarium.

CoronaVac is only 50.2% effective among health workers, based on trials in Turkey. It was 65.3% to 91.2% effective among patients aged 18 to 59 years, based on trials in Indonesia.

An inter-agency task force allowed the Chinese vaccine to be given to health frontliners. Presidential spokesman Harry L. Roque, Jr. earlier said CoronaVac is safe and would benefit health workers.

Sinovac’s CoronaVac is one of the frontrunners in the vaccine race, along with shots developed by British drug maker AstraZeneca Plc, Russia’s Gameleya National Center of Epidemiology and Microbiology, and America’s Pfizer, Inc., Moderna, Inc. and Johnson & Johnson.

It is the third coronavirus vaccine approved by the country’s Food and Drug Administration for emergency use after the ones from Pfizer and AstraZeneca.

The local FDA last week approved Sinovac’s vaccine for emergency use, the third drug after vaccines from Pfizer, Inc. and AstraZeneca Plc.

The arrival of 525,600 doses of vaccine made by AstraZeneca Plc, originally set for March 1, would be delayed by a week due to global supply problems, Health Secretary Francisco T. Duque III said on Sunday.

TALLY
The Department of Health (DoH) reported 2,037 cases on Monday, bringing the total to 578,381.

The death toll rose by four to 12,322, while recoveries increased by 86 to 534,351, it said in a bulletin.

There were 31,708 active cases, 89.3% of which were mild, 5% did not show symptoms, 2.5% were critical, 2.3% were severe and 0.89% were moderate.

The DoH said eight duplicates had been removed from the tally. One laboratory failed to submit data on Feb. 28.

About 8.3 million Filipinos have been tested for the coronavirus as of Feb. 27, according to DoH’s tracker website.

The coronavirus has sickened around 114.7 million and killed more than 2.5 million people worldwide, according to the Worldometers website, citing various sources including data from the World Health Organization (WHO).

About 90.3 million people have recovered, it said.

Philippines orders a million more shots of Chinese CoronaVac

THE PHILIPPINE government has ordered a million more doses of the coronavirus vaccine made by Chinese drug maker Sinovac Biotech Ltd. worth P700 million that would arrive this month, according to the country’s vaccine czar.

The CoronaVac vaccines would come in two batches and are part of the 5.1 million doses of different vaccine brands expected this quarter, vaccine czar Carlito G. Galvez, Jr. told an online news briefing on Monday.

Also arriving this month are about 3.5 million vials from AstraZeneca Plc under a global initiative for equal access. The government on Sunday took delivery of 600,000 CoronaVac shots donated by China.

The government is in talks with more drug makers for more COVID-19 vaccines, including America’s Moderna, Inc., Johnson & Johnson and Novavax, Inc and Serum Institute of India, Mr. Galvez said.

The Philippines failed to get about 117,000 doses from Pfizer, Inc. last month after the government failed to sign documents freeing the company from potential lawsuits on time.

Mr. Galvez said would fly to India next week to sign supply agreements with Serum Institute and Novavax.

Meanwhile, Chinese drug maker Sinopharm Group Co., Ltd. has asked the local Food and Drug Administration (FDA) to allow the emergency use of its coronavirus vaccine, presidential spokesman Herminio “Harry” L. Roque, Jr. said at the same news briefing.

But the FDA said it was not aware of the application. “As of last Friday, I haven’t heard of an application from Sinopharm for emergency use authorization,” FDA Director General Rolando Enrique D. Domingo told a separate news briefing in Filipino.

“I don’t know if they applied at the weekend,” he added. The FDA, which is based in Muntinlupa City, was closed on Monday for a local holiday.

Mr. Domingo said it would take longer for them to decide on Sinopharm’s application since it had not received an emergency use authorization from any stringent regulatory bodies in other countries.

It may take as long as six weeks, he said.

The FDA earlier allowed the compassionate use of 10,000 doses of Sinopharm vaccines for members of the Presidential Security Group, which used the drugs without regulatory approval.

Ramon T. Tulfo, Jr., the country’s special envoy to China, earlier said he and other high-ranking government officials had also been injected with Sinopharm vaccines last year.

Mr. Roque said the presidential legal team was studying whether President Rodrigo R. Duterte, as commander-in-chief of the Armed Forces, is covered by the compassionate use authorization for Sinopharm.

Only the shots developed by America’s Pfizer, Inc. British drug maker AstraZeneca Plc, and Sinovac have been approved for emergency use in the Philippines so far. — Kyle Aristophere T. Atienza