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South Korea’s Parasite makes Oscar history with best film win

LOS ANGELES (Reuters) — South Korean social satire Parasite won the Oscar for best picture on Sunday, making history as the first film not in the English language to win the movie industry’s highest honor.

Parasite, about the gap between rich and poor in modern Seoul, won a total of four Oscars, including best director and screenplay for Bong Joon Ho and best international feature.

“I never thought I would win,” Bong said while accepting his best director Oscar. Paying tribute to his four fellow director nominees he said, “I would like to get a Texas chainsaw and split the Oscar into five and share it all with you.”

Bong is known for weaving social themes into stories that play as both comedies and thrillers. His movies include the surreal animal activist movie Okja, climate change sci-fi drama Snowpiercer, and serial killer drama Memories of Murder.

Joaquin Phoenix won his first Oscar, for best actor, for his terrifying performance as an isolated loner who becomes one of the world’s best known comic book villains in Joker, and invoked his late brother River Phoenix, climate change and animal rights in one of the most emotional acceptance speeches of the night.

His Oscar win made Phoenix the second person to get an Academy Award for playing the Joker character. Heath Ledger won a posthumous best supporting actor Oscar in 2009 for playing the Joker in The Dark Knight.

Renee Zellweger was crowned best actress for her portrait of Hollywood legend Judy Garland in Judy, a biographical drama exploring the singer’s personal and professional turmoil at the end of her life.

It marked the second Oscar victory in four nominations for Zellweger, 50, a Texas-born performer whose immersion in the role of Garland also earned Golden Globe, Screen Actors Guild, and BAFTA awards.

World War One movie 1917 won three Oscars, for its stunning “one-shot” feel cinematography, for visual effects and for sound editing, while Once Upon a Time… in Hollywood brought the first acting Oscar for Brad Pitt, who played a supporting role as a laid-back stunt man.

Laura Dern took the supporting actress Oscar, her first Academy Award, for playing a ruthless divorce lawyer in Marriage Story.

Netflix movie The Irishman a costly Mafia saga directed by Martin Scorsese that had 10 Oscar nominations, came away empty- handed. — Reuters

Dampened appetite for condos in Davao City seen as short-term

By Maya M. Padillo
Correspondent

DAVAO CITY — Major damage in some condominium buildings in Davao City caused by the series of earthquakes in October and December last year has dampened demand, but horizontal housing projects are benefiting as buyers and renters look to apartments and single-detached houses, according to a real estate consultancy firm.

Maria Luisa Abaya, regional head for Visayas and Mindanao of Prime Philippines, said discussion with brokers indicate a significant slide in both inquiries and purchases of units in vertical developments.

“With what happened recently, the situation of a developer was not able to immediately respond, there are a lot of condominium buyers who had that apprehension na ganito ba ang mangyayari (of, is this what will happen)?” she said during a recent forum.

Ms. Abaya added that while the developer is already handling the situation, the market remains on a “wait-and-see attitude.”

Damosa Land, Inc. (DLI) Vice President Ricardo F. Lagdameo, whose company’s condominium project was unaffected by the tremors, sees the drop in demand likely lasting for a year.

“The residential space, which is becoming somewhat crowded, will still show signs of opportunity. However, I would think there might be a bias for horizontal projects at least for this year,” Mr. Lagdameo told BusinessWorld when sought for comment.

“Overall, I think indications are still positive for Davao Region’s real estate sector,” he added.

Ms. Abaya said the market’s interest and confidence will also eventually be bouyed by the city government’s response to the situation.

The Davao City government, through its engineering office and private engineering groups, has been assessing structures and issuing appropriate orders to condemn or vacate the buildings.

It has also been taking initiatives for stricter compliance to national and local building rules.

“The city engineers are already making sure that when they are issuing building permits, everything is covered,” she said.

“What we experienced in the last quarter with regards to earthquakes happen worldwide and it is just like one of those challenges that we go through,” Ms. Abaya said.

Davao City Chamber of Commerce and Industry, Inc. President John Carlo B. Tria told BusinessWorld the overall real estate sector, including residential, commercial and office space developments, continues to be upbeat.

“I think demand for property remains strong across the board and different segments. Trends change from time to time,” he said.

MPTC unit prepares to construct Cavite segment of CALAx

MPCALA Holdings Inc., a unit of Metro Pacific Tollways Corp. (MPTC), has started preparatory works for the construction of the Cavite segment of the Cavite-Laguna Expressway (CALAx).

“Preparations to start construction on the Second Segment (Silang to Kawit) has begun this 2020,” MPCALA said in a statement on Monday.

It said it opened last Sunday the first segment of CALAx, the 10.7-kilometer stretch from Mamplasan entry to Santa Rosa-Tagaytay interchange, after it secured a go-signal from the Toll Regulatory Board (TRB) to collect initial toll fees.

The entire Cavite segment of CALAx is scheduled for completion in 2022.

“The 45-kilometer CALAx is a 2×2 lane expressway that will soon connect the CAVITEx (Manila-Cavite Expressway) in Kawit, Cavite to the Mamplasan Interchange in Biñan, Laguna. CALAx will have interchanges in eight locations, namely: Cavitex Connection to Open Canal Road, Governor’s Drive, Silang, Silang East, Sta. Rosa-Tagaytay, Laguna Blvd., Technopark to Greenfield before SLEx,” MPCALA said.

MPCALA President and General Manager Roberto V. Bontia said of the opening of the Laguna segment of CALAx last Sunday: “The end-to-end opening of the First Segment of CALAX is imperative to reduce traffic congestion in various parts of Laguna specifically Laguna Boulevard and Aguinaldo Highway. Now that all lanes are accessible, it serves as a viable option for motorists given the growing traffic demands in the area.”

Also for the first segment, MPCALA said CALAx will be collecting value-added tax-inclusive rates of P47 for ordinary cars, P95 for buses and small commercial trucks, and P143 for large trucks or trailers.

MPTC’s domestic portfolio includes concessions for North Luzon Expressway (NLEx), NLEx Connector Bridge, Subic-Clark-Tarlac Expressway (SCTEx), and Cebu-Cordova Link Expressway (CCLEx) in Cebu, in addition to its CALAx and CAVITEx network of toll roads.

MPTC is the tollways unit of Metro Pacific Investments Corp., one of three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arjay L. Balinbin

And the Oscars 2020 winners are…

• Best picture — Parasite

• Best director — Bong Joon-ho, Parasite

• Best actress — Renée Zellweger, Judy

• Best actor — Joaquin Phoenix, Joker

• Best supporting actress — Laura Dern, Marriage Story

• Best supporting actor — Brad Pitt, Once Upon a Time… in Hollywood

• International feature film — South Korea, Parasite

• Documentary feature — American Factory

• Documentary short feature — Learning to Skateboard in a Warzone (If You’re a Girl)

• Live-action short film — The Neighbors’ Window

• Animated feature film — Toy Story 4

• Animated short film — Hair Love

• Best original screenplay — Bong Joon-ho, Parasite

• Best adapted screenplay — Taika Waititi, Jojo Rabbit

• Best cinematography — Roger Deakins, 1917

• Best film editing — Ford v Ferrari

Visual effects — 1917

• Best sound editing — Ford v Ferrari

• Best sound mixing — 1917

• Best production design — Once Upon a Time… in Hollywood

• Best costume design — Jacqueline Durran, Little Women

• Makeup and hairstyling — Bombshell

• Music (original song) — “(I’m Gonna) Love Me Again” from Rocketman

• Music (original score) — Joker

Fresh investments in property sector expected

By Denise A. Valdez
Reporter

LOCAL real estate developers are seen to forge deals with foreign players in the upcoming 71st World Real Estate Congress by the Federacion Internationale des Adminstrateurs de Biens Conceils et Immobiliers (FIABCI).

Happening for the first time in the Philippines, the event will gather real estate experts in a five-day series of lectures and networking opportunities which the organizers expect will result in fresh investments in the country.

“It is very significant for the Philippines (to host the event) because we want to showcase the real estate industry in the Philippines, which has been (growing) for the last 20 years — probably the longest surge in real estate in the world,” FIABCI-Philippines President Nestor S. Mangio said in a media launch Tuesday.

“Normally, real estate is a roller coaster. It goes (up and down every) seven years. But here, we’ve experienced an upswing for the last 20 years. So we’ve invited these property developers, hopefully to also invest in our country and also to have more tourists come to our country and see our beautiful local destinations,” he added.

FIABCI is a Paris-based organization of real estate professionals with presence in 72 countries from five continents. It holds an annual congress in different countries each year to discuss the latest trends in the real estate industry.

For this year, the congress will focus on “urban revolution” to tackle the latest challenges for property developers such as air pollution, natural calamities, urban migration and infrastructure availability.

“Cities and urban centers should be responsive to the needs of the changing times… They should be smart, which means adoption of new and future technologies which can make our cities and urban centers safer, cleaner, healthier and easier to maintain,” Mr. Mangio said.

As the event aims to gather property developers and real estate practitioners from across the globe, FIABCI expects business agreements to be born out of the conference.

“There are many inquiries abroad to partner with us because they hear that the Philippines is a good investment, especially in matters of real estate. In fact, the Ciputra Group of Indonesia, we’ll be introducing to Manny Villar so they can talk about partnership in townships, etc.,” FIABCI-Philippines Chairman Emeritus and Founding President Florentino S. Dulalia, Jr. said in the media launch.

Mr. Dulalia is the incoming president of FIABCI World, the first time a Filipino will hold the top position in the organization.

Mr. Mangio also said there is an offer from Barcelona to develop a bullfight arena in Spain into a commercial space. FIABCI-Philippines will be matching foreign hunters like this to local property developers during the conference.

“I hope there will be businesses out of this congress,” Mr. Dulalia said.

Among the exhibitors at the event are Megaworld Corp.; Federal Land, Inc.; Robinsons Land Corp.; and Prime Homes Real Estate Development, Inc. It will be on May 26–30 this year at the Marriott Convention Center in Pasay City.

7-Eleven operator to add modern ATMs in stores

PHILIPPINE SEVEN CORP. (PSC), operator of convenience store brand 7-Eleven, is partnering with the local unit of a Japan-based banking institution to mount “innovative” automated teller machines (ATMs) in its stores.

The listed firm said in a statement Monday it had forged a partnership with PITO AxM Platfrom, Inc. (PAPI), a subsidiary of its sister firm Seven Bank Ltd., to put modern ATMs in 7-Eleven stores starting June.

These ATMs, PSC said, can facilitate real-time cash deposits and withdrawals. They will be equipped with a “cash recycling” function, which allows them to dispense banknotes deposited by 7-Eleven and customers of PAPI partner banks.

“Under the agreement with PAPI, cash-recycling machines will be deployed in 7-Eleven stores in the Philippines to provide customers with convenient access to ATM services. The deployment of the ATMs is… expected to be in all stores in the next few years,” it said.

The entry of “recycling ATMs” through 7-Eleven will be the first time Seven Bank is bringing the technology out of Japan and into the Philippines.

“Both companies will initially offer basic ATM services upon the start of the project, but they are also aiming to provide new services through PAPI’s ATM platform in the future as well,” it said.

PSC has 2,864 7-Eleven stores in its network as of end-December, some of which already have the legacy, withdrawal-only ATMs. The company’s partnership with PAPI is expected to help sister firm Seven Bank expand its presence in the Philippines.

Jose Victor P. Paterno, president and chief executive officer of PSC, said the partnership with PAPI helps support financial inclusion in the country.

“There has never been a better time to formalize this collaboration than today, as a growing and increasingly digitized economy provide demand for digitizing cash, as the rapid growth in our Cliqq payments business has shown,” he said.

The payments we take in initially provide a steady supply of cash for ATM customers to withdraw, and we look forward to building other services atop the combined infrastructure of nearly 3,000 stores, recycling ATMs and 6 million downloads of our Cliqq app,” Mr. Paterno added.

Shares in PSC at the stock exchange closed flat on Monday at P146 each. — Denise A. Valdez

Celebrating life in a time of the nCov virus

By Zsarlene B. Chua, Senior Reporter

Concert Review
Tiny Moving Parts
Feb. 9
SM North EDSA Skydome

MINNESOTA midwest emo rock band Tiny Moving Parts performed in Manila for the second time on Feb. 9 at the SM North EDSA Skydome in Quezon City as part of its ongoing world tour, and it was a night of very passionate fans singing along to the self-described family band.

The band opened up with “Midwest Sky,” a song about finding love in your darkest moments and losing it in the next. It was the perfect introductory song for those who might not be familiar with the three-piece band featuring brothers William and Matthew Chevalier (drums and bass, vocals respectively), and their cousin Dylan Mattheisen (guitar, vocals).

The song pays homage to their hometown in the midwestern part of the US and represents the emo rock genre which started in the mid-1980s: confessional, and emotional. There is a music video of the song features Mr. Mattheisen doing a guitar playthrough of the song while sitting in a cornfield.

Admittedly, this writer wasn’t familiar with the band and was at first baffled by their genre — midwest emo rock and math rock. Separately, I understand each of the words but put together this way was something different so I had to look them up, especially the genre “math rock.”

Math rock, for the uninitiated like I am, is characterized by atypical rhythmic structures including irregular stopping and starting, among other things. Listen to Tiny Moving Parts’ “Dakota” with its almost spoken-word beginning which segues into hard guitars in the next verse.

But the curious thing about this group is there’s a hopefulness and brightness to their songs, which is odd for a person who grew up in the 2000s when the emo rock movement could be really dark — think My Chemical Romance’s “Welcome to the Black Parade” in 2006, considered by many as the theme song of the genre.

Tiny Moving Parts’“Always Focused” is one such song, which tackles feeling alive and never giving up even with constant inner battles. It was also a fan favorite as the fans huddling near the stage went wild for the 2014 song.

Last year, the trio released their seventh album, Breathe, after signing with a new record company, Hopeless Records. The album, whose cover art showed an cartoon wolf against a backdrop of flowers and mountains, was meant to tell their listeners “not be overwhelmed when things get tough, because life is a special treat we shouldn’t take for granted,” the band said in an interview with Goldenplec.com.

Songs in the album include “Midwest Sky,” and “Bloody Nose,” a song about the fear of dying and being determined to live.

And watching the band play with both men o guitars in black and the drummer with his full mustache and a blue Hawaiian shirt, makes the point clear.

Mr. Mattheisen often said throughout the concert that the band loves being in Manila, and it’s easy to see why — the couple hundred fans who gathered were incredibly passionate — there was even someone about 10 minutes in who crowd surfed. The mood was so jubilant in the room that the audience — this writer, included — almost forgot the coronavirus outside.

Almost, because it’s pretty hard to forget that there’s a deadly virus going around when concertgoers are asked to fill up a health declaration form, get their temperatures taken, hands sanitized, and given disposable face masks before entering the concert hall.

But like what Tiny Moving Parts stood for, don’t get overwhelmed when things get tough and keep on celebrating life.

Bria Homes expands product line

MASS housing developer Bria Homes is expanding its product line, as it is set to launch eight new communities around the country this year.

In a statement, Bria said it is developing new communities in Alaminos, Pangasinan; Pililla, Rizal; Montalban, Rizal; General Trias, Cavite; Naga, Camarines Sur; Danao, Cebu; Cagayan de Oro; and Maco, Davao de Oro.

The company introduced four new products — Bria Homes Executive, Bria Condominiums, Bria Homes Cityville, and Bria Premier.

“Bria Homes Executive aims to cater a bigger market neighbouring the existing ones within the in-demand areas: Alaminos, Pangasinan; Cagayan de Oro, Maco, Davao de Oro; Pililla, Rizal; and Naga, Camarines Sur,” the developer said.

Bria Condominiums is targeting young professionals and families with projects in General Trias, Cavite; General Santos, South Cotabato; and Tagum, Davao del Norte.

Also under the Bria portfolio is Bria Homes Cityville which will be introduced in Montalban, Rizal; and Danao, Cebu.

Bria Premier will cater to homeowners who want more spacious homes and green spaces.

Bria Homes is a subsidiary of listed Golden Bria Holdings, Inc.

Asian airlines face growth warning as virus curtails Singapore Airshow

SINGAPORE — Asian airlines face “drastic” cuts in their planned growth because of the coronavirus crisis, an industry group warned, adding gloom to an already depleted Singapore Airshow as more companies scaled back plans on Monday.

The Singapore Airshow from Feb. 11 to 16 is proceeding, but the exhibition center is pockmarked with empty spaces that would have held displays from Chinese companies and others skipping the show because of the epidemic, which has killed more than 900 people.

More than 70 exhibitors, including major US defence firms Lockheed Martin Corp. and Raytheon Co. have pulled out over concerns related to the new coronavirus.

Few deals are expected at the biennial event, where the epidemic has triggered new safety measures and cast a shadow over airline profits and demand for airplanes.

Before the coronavirus hit, the International Air Transport Association had expected passenger numbers to rise by 4% in 2020 and cargo traffic to be 2% higher.

“All bets are off in terms of traffic forecasts for this year,” Andrew Herdman, the director general of the Association for Asia Pacific Airlines, said in an interview.

“If you look at the schedule cuts and the actual operations they have been cut by 50%, 60%, 70% within China. It is pretty drastic,” he said.

The Pentagon reduced the size of its delegation to the air show, which had been set to include its chief weapons buyer, US Undersecretary of Defense Ellen Lord, Reuters reported on Friday.

Singapore on Friday raised its alert level for the coronavirus outbreak to orange, the same level reached during the 2003 Severe Acute Respiratory System (SARS) pandemic, sparking panic buying at supermarkets across the island.

There are 43 confirmed cases of coronavirus in Singapore. The orange alert level advises organizers to cancel or defer non-essential large-scale events and recommends precautions such as temperature screening and more frequent cleaning of common areas for those that do proceed.

Health experts, however, said they were concerned that temperature screening might not be effective, given reports the coronavirus could be spread by people without symptoms.

“Temperature screening is okay to pick up people already sick — and those people should not be coming to the show anyway — but doesn’t pick up people incubating the virus,” said John McBride, an infectious disease physician and professor at Australia’s James Cook University.

SIA Engineering Co. Ltd. and GE Aviation on Monday said they had postponed plans to hold a groundbreaking ceremony for a new engine overhaul facility in Singapore on Tuesday until further notice because of the raised alert level.

Saudi Arabia’s General Authority for Military Industries withdrew from the show late Sunday, citing concerns associated with the coronavirus.

The air show’s organizers said on Sunday they were expecting more than 930 companies from 45 countries and 45,000 trade attendees — down from the 54,000 at the last show in 2018. They also plan to limit public attendance.

The lobbies of major hotels, usually bustling with attendees, were noticeably quiet.

A spokeswoman for the organizers on Monday declined to provide an update on numbers and why the air show was going ahead when many smaller associated events and briefings were being canceled over coronavirus concerns.

Cancelling the show would lead to refunds running into the tens of millions of dollars, a source at one of the exhibitors told Reuters on condition of anonymity because of the sensitivity of the matter.

Organizer Experia Events, partly owned by ST Engineering and government agencies, charges at least S$1,550 per square meter for space in the show’s exhibition hall, according to its website.

That would equate to more than S$3 million ($2.16 million) for ST Engineering’s booth, the show’s largest at more than 2,000 square meters. ST Engineering is majority owned by Singapore state investor Temasek Holdings.

Experia Events managing director Leck Chet Lam on Sunday said he could not comment on the financial terms of a cancellation.

“That is between us and the exhibitor,” he told reporters. — Reuters

Sandler laughs off Oscar snub as he wins indie prize

LOS ANGELES — Chinese-American director Lulu Wang’s movie The Farewell won the top prize at the Independent Spirit Awards on Saturday, while Adam Sandler was named best actor and made fun of his exclusion from Sunday’s Oscars.

Sandler was named best actor for playing a jeweler addicted to gambling in Uncut Gems, and brothers Josh and Benny Safdie were chosen best directors for the film.

“A few weeks back when I was quote, unquote, snubbed by the academy, it reminded me when I briefly attended high school and was overlooked for the coveted yearbook superlative category best looking,” Sandler said.

Calling the Oscar nominees “feather-haired douchebags,” Sandler quipped; “Their handsome good looks will fade in time, while our independent personalities will shine on forever.”

The Spirit Awards honor independent films made for under $20 million. Many of the nominees were women and actors or directors of color, while just one of the actors nominated for an Oscar is non-white.

The Farewell, featuring an all-Asian cast and filmed in both Mandarin and English, was named best feature film.

Wang, whose film was also overlooked at the Oscars, referred to the all-male Oscar director race and the debate over the difficulties women face in getting recognized in show business.

“You don’t have to encourage women. There are lots of women making films and who want to make films,” Wang said. “What women need is the jobs. Just give them the freakin’ jobs. Give them the money.”

Chinese star Zhao Shuzhen, 85, won the best supporting actress trophy for her role in The Farewell as a grandmother whose family chooses to conceal from her that she has been diagnosed with terminal cancer.

Wang said Zhao was unable to make it to Saturday’s ceremony in the California beach city of Santa Monica because of the coronavirus travel restrictions in China.

Renee Zellweger, who has dominated Hollywood’s awards season for her portrayal of singer Judy Garland, was named best actress for Judy. She also took home the Oscar on Sunday.

“I know this is a reflection of the resounding affection for Judy Garland and her legacy,” Zellweger said.

South Korean social satire Parasite — which won best picture, best director and screenplay for Bong Joon Ho and best international feature at the Oscars on Sunday — was voted best international film. — Reuters

RLC starts work on office building in Bridgetowne

ROBINSONS Land Corporation (RLC) recently broke ground for a new office building in its Bridgetowne estate.

The Campus One office building, which is located in the Pasig City side of the estate called Bridgetowne East, will be leased by FinAsia Land Development and Construction Corporation (FinAsia).

FinAsia will occupy the three-story building with a total leasable space of 19,578 square meters (sq.m.). It is expected to be completed within the third quarter of 2020.

“We are delighted to contribute to the continued growth of Pasig City as a commercial district by building Campus One in Bridgetowne East. This will be the first of many exciting developments you can expect from our premier destination estate,” Jericho P. Go, general manager for office buildings division of RLC, said in a statement.

Campus One is the first campus-style low-rise building in the area. It offers spacious office floor areas of more than 6,840 sq.m. on the second and third floors, and 4,890 sq.m. on the ground floor. Retail spaces are available on the ground floor.

FinAsia is as seat leasing, office space fit-out, and facilities management company with an existing footprint of more than 31,000 sq.m. of office space around Metro Manila.

Bridgetowne is the RLC’s first township project, which covers a total of 30.61 hectares. The company will develop the property within the next 10 to 15 years.

Hyundai, Kia to gradually resume South Korea output

SEOUL — Hyundai Motor and sister firm Kia Motors will gradually increase production in South Korea from Feb. 11, the companies said in a statement on Monday.

Hyundai last week became the first global automaker to suspend production outside China due to the coronavirus outbreak disrupting parts supply from China.

Earlier on Monday, Hyundai Motor’s union spokesman said that suppliers had resumed production in China on Monday and most of the automaker’s plants in South Korea were expected to resume production between Feb. 11 and Feb. 17.

“The (automakers’ South Korean) facilities will be flexibly operated in line with parts supply status,” the companies’ statement said.

A Kia official said earlier that the automaker had suspended most production at its three car plants in South Korea on Monday due to a shortage of parts.

Most of the production at Kia’s Gwangju and Sohari factories will be suspended on Monday and Tuesday, the official said, adding the company will monitor the availability of auto parts in order to determine whether to resume production after that.

Kia’s Hwaseong factory halted output on Monday and is expected to resume production on Tuesday, he said. — Reuters