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LANDBANK income grows 20% to P18.51 billion

LAND BANK of the Philippines booked higher earnings. — BW FILE PHOTO

LAND BANK of the Philippines (LANDBANK) saw its net profit grow by double digits last year, with assets breaching the two-trillion mark.

In a statement sent to reporters yesterday, LANDBANK said its net income grew by 20% to P18.51 billion in 2019 from P15.48 billion in 2018, surpassing its full-year profit target of P16.64 billion.

In terms of assets, the lender recorded its highest asset base so far at P2.03 trillion last year, eight percent higher from a year ago.

Currently, the bank’s return on equity stands at 13.19%.

The bank also saw its deposits grow by eight percent year on year to P1.78 trillion in 2019 while its capital increased by 13% to P149 billion from the P131.62 billion posted a year prior.

“We are banking on this performance to enable us to create a bigger impact in helping the agriculture sector grow this year. We look to build on this momentum to intensify and further expand support to our priority sectors, our small farmers and fishers in the countryside,” LANDBANK President and CEO Cecilia C. Borromeo was quoted as saying.

LANDBANK said it remains to be among the biggest lender to small farmers and fishermen, local government units and to microenterprises and small to medium enterprises, among government financial institutions.

As of end-September last year, the state-run bank was the third largest bank in terms of assets in the country, based on central bank’s tally. — BML

Ayalas’ IMI unit suspends operations in China

AYALA-LED Integrated Micro-Electronics, Inc. (IMI) has suspended operations at its facilities in China due to the novel coronavirus outbreak hounding the country.

In a statement yesterday, the listed electronics firm said it has delayed the resumption of work in four manufacturing facilities located in the provinces of Guangdong, Zhejiang, Sichuan and Jiangsu following orders of the Chinese government.

“Along with the customers, IMI is developing contingency plans to recover production backlogs as a result of these suspensions including among others, the temporary transfer of production activities for some customers to other IMI manufacturing plants,” it said.

“IMI is currently assessing the extent of the impact of such outbreak on its operational and financial performance,” it added.

In the first nine months of 2019, IMI’s operations in China generated $400 million of its total $939.6 million revenues, the company said in an e-mail Thursday. IMI’s total sales during the period were 7% lower year-on-year due to China’s domestic market challenges.

IMI operates five production plants in China, according to records on its website: IMI Technology (Shenzhen) Co. Ltd.; Speedy-Tech Electronics (Jiaxing) Co. Ltd.; IMI (Chengdu) Ltd.; VIA Optronics (Suzhou) Co. Ltd.; and IMI Building A2-4_Kuichong. These facilities employ more than 5,900 people combined.

The plants affected by the operational shutdown are those in Shenzhen, Jiaxing, Chengdu and Suzhou. IMI expects that the earliest these could resume operations would be in February, specifically, Feb. 3 for the Chengdu plant, Feb. 9 for the Suzhou plant and Feb. 10 for the Shenzhen and Jiaxing plants.

“Management is communicating with local government offices regarding the possibility of resuming production earlier than the mandated dates at reduced production capacity,” it said.

“The company is implementing guidelines to address and manage employees who manifest symptoms associated with the coronavirus. Business trips to and from high risk regions have been deferred,” it added.

The novel coronavirus, which has resulted to a lockdown of Wuhan in China and suspension of several business operations, has killed 170 and infected 7,711 people in China as of Thursday, Reuters said in a report. The virus has spread across the globe already, with 104 confirmed cases outside mainland China.

Shares in IMI at the Philippine Stock Exchange lost 41 centavos or 5.32% to P7.29 each on Thursday. — Denise A. Valdez

New Chinoy series takes over for Kadenang Ginto

ABS-CBN’s afternoon drama Kadenang Ginto ends its run with more than 330 episodes under its belt, but for people who will miss the tumultuous family drama with all its intrigues, fear not as the network has its newest series ready — this time taking a page out of Regal Entertainment’s Mano Po film series — featuring a Chinese-Filipino family whose members are fighting for one man’s love.

Love Thy Woman, directed by Jeffrey Jeturian, Andoy Ranay, and Jerry Lopez Sineneng, tells the story of billionaire taipan Adam Wong (played by Christopher de Leon), his two wives Lucy (Eula Valdes) and Kai (Sunshine Cruz), and how his two daughters Dana (Yam Concepcion) and Jia (Kim Chiu) get embroiled in a love affair with David (Xian Lim). Also in the cast are Zsa Zsa Padilla who plays David’s mother, and Ruffa Guttierez as Lucy’s protégé.

The main conflict starts at Dana and David’s wedding when a car accident leaves both injured and Dana in a coma. In the absence of her half-sister, Jia finds herself falling in love with David and he with her. Drama ensues once Dana wakes up, while the protégé. returns with her son in tow saying it’s time for her son to meet his father.

“We got inspiration from the Mano Po films, and for me personally, Crazy Rich Asians. The Filipino-Chinese culture is so colorful and I got inspiration on how they see business and love,” Mr. Sineneng said in the vernacular during a press conference on Jan. 24 at the ABS-CBN offices in Quezon City.

But unlike Mano Po films, Mr. De Leon said that Love Thy Woman, as a TV series, has a lot more scope.

“Adam Wong is a tycoon, he has an empire, so the scope of this film is so much bigger but the story is not the same, definitely,” said Mr. De Leon, who is a veteran of the Mano Po films. He starred in Mano Po 2: My Home (2003), Mano Po 3: My Love (2004), and Mano Po 6: A Mother’s Love (2009).

Ms. Padilla is herself no stranger to the film series — she acted alongside Mr. De Leon in Mano Po 2 and Mano Po 6 and starred in the spin-off comedy film Ako Legal Wife: Mano Po 4?! (2005).

Love Thy Woman starts airing on Feb. 10 on the Kapamilya Gold afternoon block on ABS-CBN and ABS-CBN HD (SkyCable ch. 167). — Zsarlene B. Chua

What to see this week

6 films to see on the week of January 31, 2020 — February 6, 2020

Dolittle

DOLITTLE

THE ADVENTURES of Dr. John Dolittle who discovers that he can talk to animals. Directed by Stephen Gaghan, the film stars Robert Downey, Jr., and features the voices of Antonio Banderas and Michael Sheen. The Verge’s Joshua Rivera writes, “Downey Jr. has excellent manic energy that makes him well-suited to playing weirdos and misanthropes, and plenty of folks are probably hoping to see him loosen up a little post-Marvel. Unfortunately, that’s very hard to do when you barely share the screen with another human being.”

MTRCB Rating: PG

The Informer

WHILE WORKING undercover for the FBI, ex-convict Pete Koslow intentionally gets himself incarcerated again in order to infiltrate the mob at a maximum security prison. Directed by Andrea Di Stefano, the film stars Ana de Armas, Rosamund Pike, and Joel Kinnaman. Variety’s Guy Lodge writes, “For all The Informer lacks in surface style — shot and scored as it is in functional, straight-to-VOD fashion — it remains a surprisingly well-oiled genre machine.”

MTRCB Rating: R-13

The Gentlemen

AMERICAN expat Mickey Pearson builds a marijuana empire in London. As he is planning to cash out the business, complications arise — plots, bribery, and blackmail. Directed by Guy Ritchie, the film stars Matthew McConaughey, Charlie Hunnam, and Michelle Dockery. The New Yorker’s Anthony Lane writes, “The Gentlemen is a mongrel of a movie. There are not enough twists and tangles for a proper mystery, not enough thrills for an action flick, and not enough laughs for a comedy.”

MTRCB Rating: R-16

Lupin III: The First

LUPIN III goes on an adventure to uncover the secrets of the Bresson Diary and discover its connection to the legacy of his famous grandfather. Directed by Takashi Yamazaki, this animated film features the voices of Tatsuya Fujiwara, Suzu Hirose, and Kiyoshi Kobayashi.

MTRCB Rating: PG

Enter the Fat Dragon

A COP is assigned to escort a criminal to Japan while he is also dealing with relationship problems after being dumped. Directed by Wong Jing and Kenji Tanigaki, the film stars Donnie Yen, Jessica Jann, and Philip Ng.

MTRCB Rating: R-13

Block Z

A GROUP of students band together to survive a deadly viral infection at a quarantined university. Directed by Mikhail Red, the movie stars Julia Barretto, Joshua Garcia, and Ian Veneracion.

MTRCB Rating: R-13

Shell appoints director Goh as deputy chair

ROYAL Dutch Shell said on Wednesday director Euleen Goh would take over as its deputy chair from May 20.

Goh, who joined the oil and gas major as a director in 2014, succeeds Gerard Kleisterlee in the deputy chair role and as a senior independent director.

Shell said Kleisterlee, who joined the company nine years ago, will not seek a re-election at its annual general meeting.

The company also said Neil Carson will take over from Kleisterlee as chair of the remuneration committee.

Goh, a Singaporean national, is also the chair of SATS Ltd, and was chief executive officer of Standard Chartered Bank, Singapore, from 2001 until 2006. — Reuters

TransPhil targets up to P800M in townhouse projects

BOUTIQUE property developer TransPhil Real Estate (TransPhil) is bullish in the potential of townhouse projects in Metro Manila with a target of raising P600-800 million from eight new properties within the year.

In a media launch yesterday, the company said it was building close to P1-billion worth of projects this year to expand its gross floor area by about 15,000 square meters upon completion.

“Conservative target for us would be P600-800 million for this year. But our North Star target, we’ll try to go for the whole P900 million,” TransPhil President and Chief Executive Officer Ramon “Dax” C. Garcia III told reporters when asked for the company’s target sales in 2020.

TransPhil Real Estate is the new name of TransPhil Land Corp., a 45-year old company established by Mr. Garcia’s father, Roland H. Garcia

The rebranding started in 2019 when the company transitioned from building townhouses targeted to the B market to more high-end and luxury properties. TransPhil has so far built more than 1,000 units and prides of a 100% completion and turnover of its properties.

TransPhil Vice-President for Sales and Product Development Rafael Gerardo C. Garcia, younger brother of Dax, said the company increased the selling price of its units to the P15-70 million range from P5-12 million previously after the rebranding.

“A lot of people ask us why the big jump suddenly. The reason is we’re building on the high-end market and the luxury market, which we feel there’s a really big demand in Metro Manila,” he said.

He noted to justify the price, TransPhil increased the sizes of the properties and improved the units’ interior design.

The company has eight projects lined up for the year: Rosevale Estates in Manila, Buenconsejo in Mandaluyong City, The Bedford in Quezon City, Barton in Mandaluyong City, Ellery Place in Quezon City, The Glenbrook in Mandaluyong City, Redwood Residences in Quezon City and Alderwood in Quezon City.

This would add to TransPhil’s flagship project in San Juan City, luxury development Horizon Estates, which was completed in December 2019.

“Metro Manila real estate prices are really high now. A lot of Filipinos… have given up on the dream of owning a house and lot in Metro Manila. What they feel their only options are are living in a condo or moving outside Metro Manila… We’re trying to tell people there’s another option. You can have a house and lot in Metro Manila at the affordability and the price point of condominiums now,” Dax said.

While he doesn’t want to close the door on expanding into building commercial leasing spaces and co-living spaces, he noted TransPhil’s focus right now is in the townhome segment, which he believes is “still in its infancy stage” and “still has a lot of room for growth in Metro Manila.” — Denise A. Valdez

BPI books higher net earnings in 2019

BANK OF the Philippine Islands’ net profit climbed in 2019. — BW FILE PHOTO

BANK OF THE Philippine Islands (BPI) booked double-digit growth in its earnings in 2019 backed by bigger revenues.

The Ayala-led lender’s net income in 2019 surged by 24.8% year on year to P28.8 billion, it said in a disclosure to the local bourse on Wednesday.

For the fourth quarter alone, BPI’s net income went up by 11.6% to P6.77 billion.

Meanwhile, comprehensive income for the full year was at P28.77 billion, the bank said.

The lender said its net interest margin grew by 24 basis points in 2019 to 3.35% from 3.11% in 2018.

On the other hand, BPI said its non-interest income jumped 25.2% year on year to P28.39 billion in 2019, buoyed by higher fee-based income and securities trading gains.

Operating expenses amounted to P50.08 billion, growing by 14.8%. Meanwhile, cost-to-income ratio was at 53.1%, which dipped from the 55.5% seen in the 2018.

Loans disbursed by the bank grew 8.9% year on year to P1.48 trillion in 2019. This was backed by the growth seen in segments including consumer (13.4%), corporate (7.9%), and small and medium-sized enterprise (5.8%) loans.

The bank’s loan-to-deposit ratio for the year was at 87%.

Meanwhile, deposits went up 6.9% to P1.70 trillion in 2019, while its current and savings account (CASA) ratio stood at 69.1%.

Comprehensive income for the full year was at P28.77 billion.

Looking into 2020, the bank said they will target to offer more services geared towards the SMEs as well as self-employed professionals.

“BPI is in a better position now to offer financial services to more Filipinos, specifically self-employed micro entrepreneurs (SEMEs) and SMEs who make up a huge part of the Philippine economy,” BPI President Cezar S. Consing said in a text message.

Aside from this, Mr. Consing said they will also boost their digitalization and sustainable financing initiatives.

“Digitalization will further drive our financial inclusion initiatives, while our green financing programs will help us create a more sustainable society,” he added.

Last year, BPI issued over P3.1 billion worth of 5.5-year long-term negotiable certificates of deposit (LTNCD) with a yield of 4% per annum in October 2019.

Apart from this, the bank also issued green bonds worth 100 million swiss francs in August and another $300 million in September.

Meanwhile, its thrift unit, BPI Family Savings Bank, also saw its maiden bond issuance worth P9.6 billion which have a tenor of 2.5 years and a rate of 4.3% per annum.

BPI’s shares finished trading at P84.50 apiece on Thursday, inching up by 1.81% or 1.50 centavos from its Wednesday finish. — LWTN

Mayor Isko and FINEX

Happy New Year!

As 2020 is a leap year, we have 366 days of new ideas and opportunities. The Financial Executives Institute of the Philippines’ (FINEX) theme for the year is “2020 Vision: Leading the Way Toward World Class Philippine Business.”

In deference to the Taal Volcano eruption, a smaller dinner was held at Ilustrado in Intramuros for the FINEX induction led by incoming FINEX President Jeng Pascual who was also FINEX CFO of the Year in 2014. Also inducted were FINEX Foundation President Ebot Tan and FINEX Academy President Marivic Espano with their boards. Incoming FINEX board members are: Michael Arcatomy Guarin, Ador Abrogena, Antonio Ramon Ongsiako, Peter Wallace, Senen Matoto, Consuelo Garcia, Omar Cruz, Eusebio Tan, Stephanie Zulueta, Hilaria Concepcion, Benito Soliven III, Arleen May Guevara, Euney Marie Mata-Perez and Domingo Go. Also present were President Jeng’s family, Securities and Exchange Commissioner Kevin Lee and the inducting officer/speaker Manila Mayor Isko Moreno.

Mayor Isko said that in Manila, it’s back to basics. It is to clean Manila, make it safe and free from chaos. “Malinis, maaliwalas at panatag,” he said. He was very charming, obliged everyone with a picture and even selfies he took himself. FINEX was impressed with the results of what he has done and the plans he shared with us. Former Treasurer Omar Cruz said he studies and reads a lot and looks at best practices as benchmarks. BDO executive Ed Soriano kept saying what he has done is truly very impressive.

On ease of doing business, President Rodrigo R. Duterte has ordered that business permits should take no more than three days. They follow this strictly in Manila. Business permits for new businesses are given in one day. How do they do it? The process is in “reverse.” New business permits are first given so they can already start hiring people and later revoked only if found not compliant. Francis Lim, who was in our table, commented it is similar to a “provisional permit.” On real estate and business tax, taxes should be paid online anywhere in the world with no human intervention by April 2020. The mayor admitted though that it wasn’t easy to do but everyone has to adapt to the changing times.

Mayor Isko intends to bring back the old glory of Manila. He started with Jones Bridge. And he was happy to announce the Metropolitan Theater will be opening its doors by May and thanked Cultural Center of the Philippines head Nick Lizaso and Department of Tourism Secretary Berna Romulo for their support. He also reminded us of the Escolta days when it was the prestigious office address. Looks like that’s next.

On cleaning Manila, it’s not just physical (even La Rue de la Div is clean now), but also Manila’s air. He intends to make Manila green, have more clean, open spaces, plant more trees and clean Manila’s air.

He is a marketing man and encouraged to bring business to Manila. He reported that business taxes collected by Manila doubled from P1.3 billion in January 2019 to P2.7 billion in January 2020. He also said Manila’s approved building permits reached P68 billion, so he expects more economic activity. More jobs, more business, more prosperity.

He also gave credit to the national government’s accomplishments, with sustained gross domestic product growth supported by low and stable inflation.

More power to Mayor Isko and his programs. As Domingo Go said in his introduciton, Mayor Isko has reached this position from very humble beginnings. And that’s why the Mayor said he will make sure he leaves a mark and make a difference, and “not just pass by.” And in everything he does, he puts God first.

What a great beginning for FINEX to hear from a doer and a role model. Manila is the capital and the window to the Philippines. Abundant blessings in 2020!

 

Flor Gozon Tarriela is chairman of the Philippine National Bank. She is a former undersecretary of Finance and the first Filipina vice -president of Citibank N.A. She is a Go Negosyo 2018 Woman Intrapreneur Awardee. She is a trustee of FINEX Foundation and FINEX Academy and an Institute of Corporate Directors fellow. Contact her at ftarriela@yahoo.com

Management protocols in case of employee resignations

A side from handling disciplinary action, the second most difficult, if not stressful process is how we in management handle resignations of people who are joining other organizations. After all, we’ve invested a lot in hiring, coaching, training, and all the things necessary for us to make our workers perform their job to our satisfaction. But at times, we need to accept the inevitable. With that in mind, we’ve no recourse but to accept the resignations, particularly when we can’t even afford to match the offer of another employer. Is there a certain protocol we can observe for a stress-free process? — Red Rose.

A promising young executive quit his job to join another company. Before leaving, he stopped to say goodbye and offered a firm handshake to his boss. The boss said: “I’m sorry to see you go. You’ve been like a son to me — impatient, demanding, and a bit loud.”

In this age of the so-called War on Talent, hiring, motivating, and retaining people would always be a challenge for management. This brings us to the forefront of revising the salary structure to ensure its competitiveness if only to minimize the attrition rate that often results to a seemingly endless search for qualified workers as replacements.

All of this must be done while maintaining higher labor productivity and ensuring the high morale of people who will be constrained to take up the tasks, if and when management decides to stop hiring. The situation can be made worse if management fails to handle properly the resignation of people. With this in mind, there a number of strategies you can use to reduce the impact of the workers’ resignation. These are:

WHAT TO DO
One, treat the resigning worker with dignity and respect. When people leave, maintain positive relationship with them. As soon as the resignation letter is handed to you as the manager, talk to the person and probe for the reason why they’re resigning. Even if they give you vague answers, respond without showing any emotion. Just the same, level with them about what you do and don’t know.

Two, sign to indicate acceptance of an employee’s resignation letter. Then pass the original copy of the letter with your signed marginal note “Approved” to the human resources department. This signals the start of processing the replacement and beginning the clearance process, among other things. Usually, the HR department will ask you to fill up certain forms necessary for hiring the replacement and perform other pertinent tasks.

Three, observe the “promotion from within” policy. With or without a formal system, it is advisable that you consider someone from the same department or from other departments to fill the vacancy. This hastens the transition brought about by the resignation and at the same time contributes to the morale of those who will be left behind. This makes it easy for you to have a “business as usual” atmosphere in your workplace.

Four, ask the resigned employee to complete his pending work. If not, seek his assistance in training his replacement and conduct the proper turnover of documents, supplies, and office equipment. Initiate small talk as a sort of exit interview and learn from it. Don’t prolong the agony of this exit interview as it’s best to conduct a separate “stay” interview.

Last, take the resignation as an opportunity for change. At times, you will be surprised to get new ideas from the replacement worker who is out to prove himself. It’s a situation where you can save money at the same time. If he’s qualified, give him few months to excel on the job while paying some form of a cash allowance until he proves himself worthy to the organization.

WHAT TO AVOID
One, don’t immediately accept the resignation when first informed of it. This is a bit insulting. Even if you consider it a “good riddance” situation and you’re raring to accept the voluntary termination of his employment, don’t do it while he’s in front of you. Remember, management protocols require you to preserve his dignity and self-respect.

Two, don’t prevent people from leaving even if you’re losing a talent. It’s a bad approach. And what if your resigned employee insists on leaving? That means you’ll end up in a more sorry situation than before.

Three, don’t offer a bigger package to beat the new offer. It’s a bad precedent. What if the employee accepts your offer and other employees find out, are you willing to offer the same thing to them?

Four, don’t close the door on future collaboration. In other words, don’t burn the bridge even if it gives you the best light in the dark. If you have good relationships with resigned workers, chances are, they will reciprocate by giving your company business opportunities from the new employer.

Last, don’t delay the release of clearance and terminal pay. This includes the employee’s remaining base pay, cash allowance, encashment of leaves, and pro-rated benefits. Also, issue the certificate of employment as a matter of procedure. This is a statutory requirement that your organization cannot withhold, regardless of the circumstances.

CONCLUSION
No matter how good you think you are at managing people, there will always come a time when, for one reason or another, you’ll need to deal with resignations. Sometimes, the finger of blame will be pointed toward you as the line manager, even if you don’t want to accept it.

In any event, it’s always nice to be able to take a professional stance in all of this. There’s no other way. Besides, resigned workers have already made a decision and the only thing you can do is to be positive every step of the way, even if you don’t like certain people and their behavior. You should be glad they’ve taken that step of leaving your organization.

ELBONOMICS: Don’t burn the bridge even if it gives you the best light in the dark.

 

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

Global Ferronickel downplays impact of China virus

GLOBAL Ferronickel Holdings, Inc. believes its business deals with China would not be affected by the coronavirus outbreak as its shipments of nickel ore have not begun.

Dante R. Bravo, president of the listed nickel ore miner, said in a text message Thursday he is confident Global Ferronickel will proceed with its dealings with China regarding the exportation of ore.

“We have not yet started shipping, but we believe this coronavirus outbreak in China would have no impact on the demand side,” Mr. Bravo said.

“The start of our 2020 mining season is in April and we will start shipping by then,” he added when asked if the company is implementing preventive measures with China in relation to the health hazard.

Global Ferronickel said last year it was targeting to ship 5.7 million wet metric tons (WMT) of ore to China within 2019 as it signed a contract with a unit of China Baowu Steel Group for the sale of 1 million WMT of ore.

Mr. Bravo said Thursday all revenues of Global Ferronickel come from China, but since there are no shipments in the first quarter, the novel coronavirus is not seen to have adverse financial impact on the company.

Global Ferronickel is the second-largest nickel ore producer in the Philippines. Its earnings in the first nine months of 2019 jumped 36% to P812.540 million due to an increase in shipments of its medium-grade ore, comprising 58% or 2.689 million WMT of its total production.

Shares in the company at the stock exchange were flat on Thursday at P1.51 each.

The novel coronavirus, which has led to a health emergency in China, has so far killed 170 and infected 7,711 in the country, Reuters reported yesterday.

The Philippines also claimed yesterday its first confirmed case of novel coronavirus in a 38-year old Chinese woman that arrived on Jan. 21. The Health department said she came from Wuhan and is now confined in Manila.

There are 104 confirmed cases of coronavirus everywhere else, specifically in Thailand, Japan, Hong Kong, Singapore, Taiwan, Macau, Australia, Malaysia, United States, France, South Korea, United Arab Emirates, Germany, Canada, Vietnam, Nepal, Cambodia, Sri Lanka and Finland.

While the World Health Organization is yet to declare a global health emergency on the novel coronavirus as of writing, its emergency committee is convening late Thursday, Manila time, to assess the rapid spread of the virus and make corresponding recommendations on how to manage it. — Denise A. Valdez

Your Weekend Guide (January 31, 2020)

Lucia di Lammermoor

DONIZATTI’s OPERA Lucia di Lammermoor will have performances on Jan. 31, 8 p.m., and Feb. 2, 3 p.m. at the Main Theater of the Cultural Center of the Philippines (CCP). Set in Scotland in the late 16th century, the opera is a story of politics, thwarted love, and madness, based on Sir Walter Scott’s historical novel The Bride of Lammermoor. It stars French soprano Melody Louledjian, Korean baritone Byeong-in Park, Filipino-American tenor Arthur Espiritu, and tenor Ivan Nery, with the Philippine Philharmonic Orchestra under the baton of guest conductor Alessandro Palumbo. Presented by the CCP, the Rustan’s Group of Companies, the Filipinas Opera Society Foundation, and the Embassy of Italy Manila, proceeds from the opera performances will benefit the Philippine Philharmonic Orchestra Society and the Philippine Italian Association Endowment Fund. For tickets, call the CCP Box Office at 8832-3704, or TicketWorld at 8891-9999. Free tickets will be distributed two hours before the show at the reception table at the Main Theater Lobby. For the matinee performance on Feb. 2, discounts for students will be given for Orchestra section tickets. For more information, visit www.culturalcenter.gov.ph.

1 for 3 concert

THE Solaire Resort and Casino, in cooperation with PLDT Home, presents the concert 1 for 3 on Feb. 1, 8 p.m., at the Theater at Solaire, The show features Christian Bautista, Aicelle Santos, and Mark Bautista, and is directed by Paolo Valenciano, with musical direction by Mel Villena. Tickets are available through TicketWorld (www.ticketworld.com.ph, 891-9999).

New Rules mall show

BRITISH BAND New Rules is coming to Manila this February for a series of mall shows produced by Star Events before headlining their sold-out tour in the UK and Ireland. Dubbed New Rules Live in Manila, the mall shows will be held on Feb. 1 at the Ayala Malls Circuit, and Feb. 2 at Market! Market! The shows will also feature Filipino artist Iñigo Pascual, with whom New Rules collaborated for an acoustic session last year. For more details, follow @stareventsph on Twitter and Instagram.

SmartKids fair

THE largest educational kids’ fair in the Philippines, SmartKids Asia Philippines, is back for its sixth edition, meaning another jam-packed weekend of fun for parents and children. With activities that cater to children and families, SmartKids will be held on Feb. 1 and 2, 10 a.m. to 8 p.m., at Halls 3 and 4 of the SMX Convention Center, SM Mall of Asia Complex, Pasay City.

How PSEi member stocks performed — January 30, 2020

Here’s a quick glance at how PSEi stocks fared on Thursday, January 30, 2020.