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Businesses told to grab export and tourism opportunities as Davao-Manado travel rises

By Maya M. Padillo, Correspondent

DAVAO CITY — Export and tourism opportunities are growing as more Indonesian businessmen have been travelling to Mindanao through the Davao-Manado flights of Garuda Indonesia Airline, a route that will also be served by Philippine Airlines (PAL) by end-March, according to an official of the Mindanao Development Authority (MinDA) said.

MinDA Deputy Executive Director Romeo M. Montenegro said Garuda Indonesia has reported fully-booked flights in December to the first half of January from an average load factor of 50% in October.

“You cannot book a flight because it is already fully-booked… It has picked-up. This is validated by Garuda Air… especially the Manado-Davao,” he said in an interview.

He said most of the passengers are traders and importers who are interested in Mindanao products such as fresh fruits and processed food like durian ice cream.

He added that they are encouraging manufacturers here to revisit the Indonesian market for beauty products.

“Remember before, we have locally produced a popular beauty product that was doing well during the time when we had a direct flight, so it may revisit that market this time around (with) much bigger plane… and more frequent flights we are expecting,” he said.

The Garuda Indonesia flights are currently running twice weekly, Mondays and Fridays, using an ATR 726-600 aircraft.

PAL subsidiary Air Philippines Corp., also known as PAL Express, has previously announced that it will launch Davao-Manado as well as Zamboanga-Kota Kinabalu flights, both on a thrice-a-week frequency starting March 31.

There are also Indonesian tourists who come for specific events such as cockfighting, and medical tourism is another sector that can benefit from the Manado visitors, Mr. Montenegro said.

With the reopening of direct air routes between Mindanao and its neighbors within the Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA), he said MinDA is continuously coordinating with counterparts to ensure ease in the movement of goods.

“Our work continues in terms of collaborating closely with out counterpart BIMP-EAGA secretariat in Indonesia to make sure that trade barriers are hurdled, especially in terms of policies because when you do import and export, although almost all of the commodities now are already zero-tariff, but there are certain regulations still in some commodities, particularly agriculture products. It is an ongoing exploration,” Mr. Montenegro said.

MinDA is the Philippine’s coordinating office for the sub-regional grouping.

BIMP-EAGA, established in 1994, covers the following areas: entire Brunei Darussalam; nine provinces in Kalimantan, Sulawesi, the island chain of Maluku, and Papua in Indonesia; federal states of Sabah and Sarawak, and the federal territory of Labuan in Malaysia; and Mindanao and Palawan in the Philippines.

‘Smile with your eyes’: How to beat AI hiring bots and land a job in South Korea

SEOUL — In cram school-obsessed South Korea, students fork out for classes in everything from K-pop auditions to real estate deals. Now, top Korean firms are rolling out artificial intelligence (AI) in hiring — and jobseekers want to learn how to beat the bots.

From his basement office in downtown Gangnam, careers consultant Park Seong-jung is among those in a growing business of offering lessons in handling recruitment screening by computers, not people. Video interviews using facial recognition technology to analyze character are key, according to Park.

“Don’t force a smile with your lips,” he told students looking for work in a recent session, one of many he said he has conducted for hundreds of people. “Smile with your eyes.”

Classes in dealing with AI in hiring, now being used by major South Korean conglomerates like SK Innovation and Hyundai Engineering & Construction, are still a tiny niche in the country’s multi-billion dollar cram school industry. But classes are growing fast, operators like Park’s People & People consultancy claim, offering a three-hour package for up to 100,000 won ($86.26).

There’s good reason to see potential. As many as eight out of every 10 South Korean students are estimated to have used cram schools, and rampant youth unemployment in the country — nearly one in four young people are not in the workforce by certain measures, according to Statistics Korea — offers a motive not present in other countries where cram schools are popular, like Japan.

“The AI won’t be naturally asking personal questions,” said Yoo Wan-jae, a 26-year-old looking for work in the hospitality industry. “That will make it a bit uncomfortable … I’ll need to sign up for cram schools for the AI interview,” said Yoo, speaking in Seoul’s Noryangjin district, known as ‘Exam Village’, packed with cram schools and study rooms.

‘FEAR, JOY AND GAMIFICATION’
Businesses around the world are experimenting with increasingly advanced AI techniques for whittling down applicant lists.

But Lee Soo-young, a director of Korea Advanced Institute of Science and Technology (KAIST) Institute for Artificial Intelligence, told Reuters by telephone the new technology is being more widely embraced in South Korea, where large employers wield much influence in a tightening job market.

According to Korea Economic Research Institute (KERI), nearly a quarter of the top 131 corporations in the country currently use or plan to use AI in hiring.

One AI video system reviewed by Reuters asks candidates to introduce themselves, during which it spots and counts facial expressions including ‘fear’ and ‘joy’ and analyses word choices. It then asks questions that can be tough: “You are on a business trip with your boss and you spot him using the company (credit) card to buy himself a gift. What will you say?”

AI hiring also uses ‘gamification’ to gauge a candidate’s personality and adaptability by putting them through a sequence of tests.

“Through gamification, employers can check 37 different capabilities of an applicant and how well the person fits into a position,” said Chris Jung, a chief manager of software firm Midas IT in Pangyo, a tech hub dubbed South Korea’s Silicon Valley.

Preparing for such tests doesn’t necessarily involve simply memorizing answers. “Some games don’t even have a ‘right answer’, as they are aimed to spot the problem-solving attitude of the applicant,” Jung said.

‘HOPELESS’
At People & People, consultant Park said he gave AI hiring talks to over 700 university students, graduates and lecturers in 2019.

“Students are struggling from the emergence of AI interviews. My goal is to help them be fully prepared for what they will be dealing with,” said Park.

In an online chat room monitored by Park, with more than 600 participants, numerous messages indicate thanks for the classes and success in AI interview quests.

But elsewhere, some who haven’t yet taken lessons have already given up.

Kim Seok-wu, a 22-year-old senior at a top university, recently failed to get beyond an AI interview for a management position at a retail company, and decided to pursue graduate school instead of trying to find a job.

“I think I will feel hopeless if all companies go AI for hiring,” Kim said. “The AI interview is too new, so job applicants don’t know what to prepare for and any preparations seem meaningless since the AI will read our faces if we make something up.” — Reuters

Bangko Sentral net income slips at end-November

THE CENTRAL BANK’S net profit as of November slipped compared to the previous year as gains from currency fluctuations decreased.

The net income of the Bangko Sentral ng Pilipinas (BSP) hit P40.24 billion in the eleven months to November 2019, dipping by 2.45% compared to the P42.69 billion booked in the comparable year-ago period.

Revenues of the central bank ballooned by 84.9% year on year to P113.43 billion from P61.35 billion in the first eleven months of 2018. This was fueled by the P93.19 billion worth of net interest income, up by more than a third (33.97%) year on year from the P69.56 billion in the comparable year-ago period.

Meanwhile, miscellaneous income, which includes fees, penalties, and other operating income, turned around to P20.25 billion from a loss of P8.21 billion a year ago.

This was despite a decline in net gains on currency rate fluctuations to P14.46 billion in the period from P52.76 billion from January to November 2018.

The month saw the peso close at P50.81 per dollar on Nov. 29, depreciating by 31 centavos from its close of P50.50 against the greenback on Nov. 4, which was its first trading day for the month. It also weakened by seven centavos from the Oct. 31 close of P50.74 per dollar.

The central bank’s expenses in the eleven months to November increased by more than a third (34.13%) to P75.49 billion from P56.28 billion a year ago.

This was fueled by interest expenses which grew 57.69% to P41 billion from P26 billion.

Despite a slight decline in its profit compared to a year ago, the central bank is still likely to turn a profit for the fourth straight year since it posted a P17.51-billion net income in 2016 after several years of losses. — LWTN

Imelda docu premieres at CCP

EMMY Award–winning filmmaker/photographer Lauren Greenfield’s critically acclaimed documentary about Imelda Marcos, The Kingmaker, will have its Philippine premiere on Jan. 29, 7:30 p.m., at the Tanghalang Aurelio Tolentino at the Cultural Center of the Philippines (CCP), with matinee screening at 3 p.m.

The Kingmaker explores the disturbing legacy of the Marcos regime and examines the Marcos family’s improbable return to power in the Philippines. The 100-minute documentary had its world premiere at the 2019 Venice Film Festival, followed by screenings at the 2019 Telluride Film Festival, Toronto, and London Film Festivals. And this month, in cooperation with the De La Salle University-Taft, it comes to the Cultural Center of the Philippines. The screening is under the CCP Arthouse Cinema program.

The CCP is a 50-year-old edifice built through the initiation of the Former First Lady Imelda Marcos. In 1986, after the Marcos family lost power and were sent into exile, the CCP re-invented itself to become a people’s art center.

CCP Vice-President/Artistic Director Chris B. Millado said “the CCP as a government cultural institution has a contentious history, so it cannot be denied that Imelda founded this during the Marcos years, that Imelda was the main patron for the establishment of this institution. But it also cannot be denied that the Marcos regime had its excesses in terms of corruption, and its human rights record. And it also cannot be denied that they have been convicted in courts for this. By screening this film, it’s a way of making artistic expression engage with issues that we feel are very important to tackle in this part of the political or social psyche of the Filipino.”

Greenfield gained intimate access to Imelda and other members of the Marcos clan, filming in Imelda’s extravagant city apartment and the family mansions in Manila, Ilocos Norte, and Leyte provinces. The film chronicles Imelda’s present-day push to help her son, Bongbong, win the vice-presidency. To this end, Imelda confidently rewrites her family’s history of corruption, replacing it with a narrative of a matriarch’s extravagant love for her country. “In an age when fake news impacts elections, Imelda’s comeback story is a cautionary tale,” said Greenfield.

After the screening, there will be a talkback with the film representative and other guests from different sectors. For ticket inquiries, call the CCP Box Office at 8832-3704, or TicketWorld at 8891-9999.

South Africa’s Telkom could cut 3,000 jobs

JOHANNESBURG — South African telecoms company Telkom SA told unions on Wednesday it could cut up to 3,000 of more than 15,000 staff as it struggles with declining performance in fixed voice and fixed data services.

Like other African telecoms firms, Telkom, in which the government holds a stake of about 40%, is trying to keep pace with a surge in demand for the internet and data with growing smart phone usage.

It is also grappling with organizational and operational inefficiencies linked to fixed voice and data services, which require more staff to install, maintain and market, it said in a letter to unions seen by Reuters.

The telecom provider said it will consider voluntary severance and early retirement packages for employees affected by phase one of the job cut, which will affect employees at Openserve and the Consumer divisions from January to April.

The affected jobs include support employees, specialist, operational employees and supervisory and management levels in its wholesale division Openserve, the consumer unit as well as in its corporate center.

The announcement comes two days after retailer Massmart Holdings , majority owned by US retail giant Walmart, said it could cut up to 1,440 jobs under a plan to close some stores as it struggles to grow sales in a tough economy.

Telkom, which runs South Africa’s biggest fixed-line telecom network, is migrating customers to mobile voice and data as well as fiber, where it is one of the small players in a market dominated by Vodacom and MTN Group.

“The deterioration in the economic climate, increased operational, regulatory and competitive constraints, coupled with continuing rapid migration from fixed voice and data business have all had a major ongoing negative operational and financial impact on Telkom,” it said.

“For Telkom to survive the current and anticipated tough trading conditions, it is imperative to seek and implement measures which will drastically reduce costs, eliminate inefficiencies and improve operational and financial performance in the interest of securing its continued commercial viability and employment for the majority of the employees.”

Telkom said it wants a leaner structure in its Openserve and group IT division and a focused skills set in line with the new business demands of a mobile focused business. While in consumer, the unit needs to be more market driven and customer focused. — Reuters

MRT-7 now more than half complete — DoTr

THE Department of Transportation said the P62.7-billion MRT-7 project — which will run between North Avenue in Quezon City and San Jose del Monte City, Bulacan — is now 50.69% complete.

“As of January 15, we are pleased to inform the public that the Metro Rail Transit Line 7 (MRT-7) is now 50.69% complete,” the DoTr said in a statement. “Moreover, for the rolling stock and electrical and mechanical works, 108 cars have already been completed, while the track works are underway.”

Currently in various stages of construction are civil works of the underground/depressed, at grade, and elevated guideway of the rail line. The DoTr said the civil works of the nine stations are “at full blast.”

In November, the DoTr said two Quezon City courts had issued orders for the government to take possession of a site eyed for the project’s planned depot in along Quirino Highway in Barangay Lagro, Quezon City, “which was found optimal for right-of-way implementability, asset constructibility, capital expenditure and operational expense efficiency, and operational reliability and maintainability.”

It replaces the original depot site in San Jose del Monte city, Bulacan which remains subject to a legal case after the property owner questioned the expropriation at the Malolos Regional Trial Court Branch 11.

The P62.7-billion MRT-7 project has three components, namely: a 23-kilometer rail transit system with 13 stations; a six-lane highway between North Luzon Expressway and a planned Intermodal Transportation Terminal (ITT); and the ITT itself that can accommodate 200 buses at a time. Travel from one end to the other is estimated to take 34 minutes. — Arjay L. Balinbin

Monetary stimulus may disappoint marts

LONDON — Combined stimulus from the world’s biggest central banks is likely to top $1.2 trillion this year, the highest amount since 2017, but it may well disappoint stock markets, which have surfed to successive record highs on the back of this tide of super-easy money.

Liquidity injections from central banks — via asset purchases or cuts to interest rates and bank reserve ratios — have fueled a near-relentless upwards march in equities and riskier types of bonds for more than a decade.

Any reasons to sell have been more than matched by fresh asset-buying rounds or rate cuts.

Last year was supposed to be the first since 2011 that central banks sucked out more money than they pumped in. Instead, the US Federal Reserve aborted efforts to normalize policy, cutting rates three times and announcing a stimulus package. Central banks in China and the euro zone ramped up easing too.

Injections from these three, together with the Bank of Japan and the Bank of England (BoE), will total $1.23 trillion of net new liquidity in 2020, according to Pictet Asset Management’s senior macro strategist Steve Donzé.

That would be the biggest since $2.6 trillion in 2017 and in line with the annual average injection since the 2008-2009 crisis. And it will dwarf last year’s $370 billion.

Macro-liquidity conditions hit a decade-high last month, according to research firm CrossBorder Capital, which reckons that measured over the preceding 12 months it was the “biggest US liquidity surge…possibly ever!”

All that sounds like good news for markets. But they might in fact be disappointed — Mr. Donzé estimates current levels on the MSCI world equity index imply that stimulus of $2.4 trillion will be forthcoming in 2020.

“There is no question, if you look at the past 12 years, the market today is pricing in all the good news and more,” Mr. Donzé said, adding that the gap between his forecasts and market expectations is the widest since the 2008 crisis.

Shares could fall 10% should extra liquidity not match market expectations, Pictet estimates.

According to this model, every 20-point gain in the MSCI index correlates with a $1-trillion injection in liquidity — the index’s current level implies a global liquidity pool of $19.9 trillion, but actual liquidity today totals $17.5 trillion.

The outlook overall looks tougher than in 2019 when investors in equities as well as bonds, oil and gold reaped rich rewards.

“Last year was stunning in terms of central bank liquidity and the number of central banks cutting rates,” said Jon Jonsson, a bond fund manager at Neuberger Berman.

The high bar for further policy easing made “volatility episodes” likelier, he said.

ONLY GAME IN TOWN
Last year — the best year in a decade for stocks despite sluggish corporate earnings and a raging trade war — highlighted the extent to which central banks underpin the optimism.

According to Pictet, 90% of the variation in equity prices since 2008 is down to central bank liquidity injections.

What next? US and euro zone central banks have recently pressed pause on rate cuts though the balance sheet expansion continues. But the BoE is toying with cutting rates this month and China began 2020 with a reserve ratio cut which effectively released $115 billion into the economy.

China will lead central bank liquidity injections this year, pumping in a net $460 billion, Pictet estimates.

The Fed’s contribution will rise to $350 billion, more than 10 times what it added in 2019, while the European Central Bank will inject an estimated $270 billion after removing $100 billion last year.

CrossBorder sees the Fed balance sheet flirting with the $5-trillion mark again in 2020, implying a greater rise in US-provided liquidity than under Pictet’s $4.5-trillion forecast.

“Liquidity-driven markets have a habit of ending badly, so a key question is whether central banks are willing and able to keep up this easing pace?” CrossBorder Capital told clients, noting that more monetary stimulus may be needed than policy makers envisage.

FISCAL TO THE FORE?
Whether central banks do precipitate an equity downturn and a scramble out of riskier debt depends to a large extent on US and European economic growth beating forecasts, in turn enabling the private sector to create its own stimulus.

The wild card is greater government spending, especially given the growing view that further monetary stimulus will achieve little save enriching the owners of financial assets.

Japan’s cabinet unveiled a $122-billion stimulus package last month, Britain is set to lift public expenditure after a decade of austerity and even Germany’s government may be starting to overcome its aversion to hiking spending.

Fiscal stimulus is “slow moving,” however, and it is unable to respond to market sell-offs as rapidly as central banks can, Neuberger’s Mr. Jonsson said, adding: “It’s going to be a bumpier year.” — Reuters

Best of 2019, the sequel

LONELINESS, alienation, the feeling of being cut off from other people or from society in general — a persistent condition that seems to have become strangely prominent in the better films of this year.

Take Joselito “Jay” Altarejos’ Jino To Mari (Gino and Marie) — two sex workers meet for the first time to perform a most intimate act together, for a paying audience. They’re coupling and yet keep to themselves, their conversation on a (more or less) professional level; it’s only later when they realize they’ve swallowed more than they can chew and are hardpressed — Marie reach out to Gino, and real human contact made — a moment all the more precious for being so brief.

Folks talk of Greta Gerwig or Sofia Coppola as breakout women directors; few remember Kasi Lemmons, whose feature Eve’s Bayou debuted a few years before Coppola. Her Harriet recasts the classic figure of African-American resistance as a gun-wielding liberator who enters the Confederate South again and again for her chained brothers and sisters. Harriet collaborates with an organization in the north, is helped by a patchwork network of folks in the South, but what lingers in memory is the image of the woman walking on her own or with a band of frightened fugitives, a female Moses leading her people to an unseen promised land.

Nothing brings out a sense of helplessness like going against a giant corporation, and few corporations are bigger than DuPont Inc. Todd Haynes’ Dark Waters sketches lawyer Robert Bilott’s discovery of the harmful effects of Teflon, his slow-simmering anger, his one-man crusade (with the tentative support of his law firm) to hold the corporate behemoth accountable — windmill-tilting at its finest, with an appropriately bittersweet conclusion. Haynes draws on his independent filmmaking roots (his early science-fiction horror Poison and his later Safe in particular) to create a mood of mounting paranoia and pervasive contamination: we have all become impure, in effect, and Bilott wants DuPont to come clean on its role in the issue.

Mati Diop’s Atlantics separates two lovers, and in an eerie dreamy way reconnects them across a vast ocean. Not quite a love story, not quite a gothic tale, not quite poverty porn; rather it goes its own stubborn, waywardly lyrical way to lodge itself in some far recess of your mind.

James Gray’s Ad Astra is a mess of a spacefaring epic that includes a moon buggy chase and man-eating baboons, but the story boils down to an astronaut in search of his father. Forget space travel and bizarre adventures: this is basically a man’s long walk up to a mirror, to confront an image of himself left to himself, seeing the consequences of what will happen so many years later down the road. Not a pretty picture, nor was it meant to be.

And while we’re talking of people cracking up in isolation, turns out pairs don’t have it much easier. Robert Eggers’ The Lighthouse demonstrates in windswept, rain-soaked, sea-salted terms the problems of rooming with someone you don’t especially like; instead of time sanding away rough corners it exacerbates them, making cohabitation unbearable. Eggers shoots in black and white, in a near square 1.19:1 ratio similar to that of silent film: an unforgiving claustrophobic look that evokes the distant harsher past, underlines the protagonists’ (and our) escalating distress.

Arden Rod Condez’s John Denver Trending shows how a boy who is part of a small community can suddenly find himself rejected by it, the process accelerated by social media. A fable on mob mentality if you like, but one that feels uncomfortably close — I’ve seen what happens in this film happen on Facebook and similar platforms; a fable that makes you pause, in effect, before hitting the “post” button on a particularly hurtful meme.

Jeremy Clapin’s I Lost My Body is on its face a more conventional premise — a boy cast into the margins of society by the death of his parents, scrabbling to find his way back in. He thinks he may have found a way when he meets an equally young librarian, kind of (they talked through an intercom), and furtively pursues her; along the way he loses his right hand — a rather random development, you might think at first. If Clapin’s film turns out to be more mordantly original that’s because the whole story is told from the point of view of the hand, which spends the length of the film looking for its missing body. The story in outline seems more perverse than necessary, based on the novel Happy Hand by Guilaume Laurant, who was responsible for the overly precious Amelie; but Clapin adds a bleak melancholy tone that somehow helps the film transcend the material, turns the story into a meditation on isolation and its withering effect on a soul made too old too soon.

Terence Malick’s A Hidden Life can’t be simpler: a man — a farmer — who, through no fault of his own and without setting out to do so, stands apart from the rest of his community. It’s a biopic about conscientious objector Franz Jagerstatter who, living in Austria 1939, is caught up in the rising swell of Nazism and ultimately swallowed by it. If I rate it so highly that’s not because of any subtleties or subtext, but because of Malick’s not inconsiderable filmmaking: vast mist-shrouded mountains, grassy meadows tilted at an angle; men and women posed against that landscape, small yet not insignificant, content to be part of an intricately rendered panorama. Not just pretty for the sake of looking pretty; that elemental beauty, one comes to suspect, forms the core of Franz’s unshakeable being, why he chooses to stand up to an obvious evil no one else seems willing to recognize.

And then there’s Claire Denis, whose inscrutable, lyrically intense storytelling may have influenced Mati Diop’s. Her High Life depicts as isolated a soul as any seen this year, or most any year: a man on a ship hurtling through deep space, towards a black hole, his only companion his toddler of a daughter. Denis assembles the man’s life in flashback but really the film is about a sense of alienation that persists even in the company of fellow passengers, how difficult it is to connect, much less live, with others, and how untethered we all ultimately are. The ending is tonally a touch more optimistic than the rest of the picture — they reach their destination — but what stays with you is that crushing crippling loneliness. Bong Joon Ho’s Parasite begins with a social unit — a family of hustlers — cunningly exploiting an unwitting upperclass family to hilarious results. Viciously entertaining little comedy that doesn’t so much highlight what connects people as what divides them — and ultimately drives one man into self-imposed exile.

Martin Scorsese’s The Irishman is in its way a mobster sequel to his great Silence: where in the latter a Jesuit attempts to defy the Japanese government, in the former the eponymous hit man attempts to defy time itself — to stay relevant in the face of universal entropy. Who wins? A hint: Scorsese seldom deflects the inevitable course of his storytelling — what will be will be, several times over.

Then there is Lav Diaz’s Ang Hupa (The Halt), a sequel if you like to his Hesus Rebolusyonaryo, which was set in the farflung future of (heh) 2011. This time his dystopian Philippines is set in 2034, a mere 14 years away (as with the earlier film blink and the moment will flash by, swiftly receding behind you). This future is forever dark thanks to ashfall from nearby volcanic eruptions (Prophetic much?), its population radically decimated thanks to the Dark Killer (flu outbreaks caused by the mass rejection of vaccines). Diaz’s latest doesn’t have the structure and poetic distance that songs brought to his previous film Panahon ng Halimaw (Season of the Devil) but does give us a more witheringly detailed portrait of the country’s greatest scourge: not ashfall or flu pandemics but President Nirvano Navarra, played with King Lear madness by Joel Lamangan. Joaquin Phoenix could learn a thing or two from this great actor, from the way Navarra verbally bludgeons a TV reporter into lockstep submission to the way he indulges his fits of madnesss — more hilarious and horrifying and inventively detailed than anything in Todd Philips’ underimagined travesty.

Finally — the films I really loved came not from any major studio (Disney, Netflix) but from a website dedicated to Filipino classics. From April into June, instead of sitting through summer movies with gritted teeth, I sampled one title after another in Mike De Leon’s Citizen Jake Vimeo website, particularly those of Lamberto Avellana (some with English subtitles, one — Huk sa Bagong Pamumuhay [Huk in a New Life] — narrated in English by the director himself!). Rediscovering Anak Dalita (Child of Sorrow), Kundiman ng Lahi (Folksong), Biyaya ng Lupa (Blessings of the Land), realizing Badjao (The Sea Gypsies) is one of the great Filipino films, unwrapping the pleasures of Pag-asa (Hope) — “kid in a candy store” can’t begin to describe the experience, and the filmmaker has added even more titles (from Manuel Silos, Gregorio Fernandez, Susana C. De Guzman) since I’ve last visited. If you’re at all interested in Philippine cinema, or Philippine culture, if you’re Filipino — this is an indispensable resource.

And while we’re at it, after years of dirty, fuzzy bootleg copies, ABS-CBN has restored Mario O’Hara’s Bulaklak sa City Jail (Flowers of the City Jail) to its former glory. Starring Nora Aunor and a royal flush of great actresses (Celia Rodriguez, Gina Alajar, Perla Bautista, Maya Valdez, and so many many more) as the eponymous flowers forcibly separated from the rest of society, O’Hara’s film is both melodrama and thriller, its metaphor — of the city jail as a microcosm of Manila, and of Manila as an expansion, distortion, perversion of the city jail — more relevant now than ever. Not just a great potboiler of a film, but in my book the viewing experience of the year.

GM moves over 1,350 temporary workers to full-time jobs

GENERAL Motors Co. (GM) said on Wednesday more than 1,350 hourly employees at its assembly plants in the United States will transition into full-time roles in the first quarter of 2020.

The employees are from 14 General Motors manufacturing facilities in Michigan, Indiana, New York, Texas, Tennessee, Missouri, Kansas and Kentucky, the company said in a statement.

The full-time status will offer the employees better medical benefits, company contributions to their retirement plans or the 401(k), and profit sharing as well as life insurance coverages.

General Motors and labor union United Auto Workers (UAW) reached a deal in October following a five-week nationwide strike that pushed for better wages and benefits for temporary workers who earned less than permanent UAW employees. — Reuters

PCCI ties up with TESDA for nationwide job training

A NATIONAL business chamber is partnering with the Technical Education and Skills Development Authority (TESDA) to create a nationwide, pre-employment training system.

The Philippine Chamber of Commerce and Industry (PCCI) on Thursday signed a memorandum of agreement with TESDA to train students both in school and within a company.

Priority sectors include agriculture, hotel and restaurant/tourism, construction, and information and communications technology (ICT), PCCI said in a statement on Wednesday and confirmed on Thursday.

PCCI said that through the dual education program, students who have taken their technical and vocational training will have a combination of practical, on-the-job, and enterprise-based training and theoretical education.

“This model has proven to increase chances of employment in developed countries like Germany,” the statement said.

The program is expected to give business associations, chambers, enterprises and schools (or ACES) the ability to take active roles in developing competency standards and curriculum and training plans, as well as conducting assessments of and certifications for the trainees.

TESDA Director-General Secretary Isidro S. Lapeña, PhD., CSEE, PCCI President Ambassador Benedicto V. Yujuico, and PCCI HRDF President Dr. Alberto P. Fenix Jr. Also attending the MOA signing are top officials of PCCI and TESDA signed the agreement.

The dual education training program was piloted by PCCI in 2014 in the hotel and restaurant sector in Laiya, Batangas.

The program is now being replicated in other parts of the country, after local partnerships between the private and public sector in Laiya made way for the integration of the program in the curriculum of the Department of Education in the area.

“We’ve completed the training for the hotel and restaurant sector and is being replicated in five chambers in Bicol, Pampanga, Quezon City, Tacloban-Leyte and Oriental Mindoro,” Mr. Fenix said. — Jenina P. Ibañez

BoJ to keep policy steady, raise outlook

TOKYO — The Bank of Japan (BoJ) is expected to keep monetary policy steady next week and nudge up its economic growth forecast, as the US-China trade deal and de-escalation in Middle East tensions take some pressure off the central bank for more stimulus.

But BoJ Governor Haruhiko Kuroda will likely voice his resolve to keep monetary policy ultra-loose as the economy continues to feel the strain from the trade war and October’s sales tax hike.

At the two-day rate review that ends on Tuesday, the BoJ is set to keep its short-term interest rate target at -0.1% and a pledge to guide 10-year government bond yields around 0%.

It is also seen maintaining a guidance that commits to keeping rates at current low levels, or even to cut them, until risks keeping it from achieving its 2% inflation goal subside.

“What the BoJ describes as the economy’s momentum for hitting its inflation target appears to be sustained,” said Mari Iwashita, chief market economist at Daiwa Securities.

“The BoJ will kick off 2020 by maintaining its current policy stance with a careful eye on developments.”

In a quarterly review of its forecasts, the BoJ is seen slightly revising up its growth projection for the fiscal year starting in April, helped by a boost from the government’s stimulus package, sources have told Reuters.

Under current projections made in October, the BoJ expects the economy to expand 0.7% in fiscal 2020 and 1.0% the following year.

AUTOS A CONCERN
Japan’s economy ground to a near halt in July-September and is likely to have contracted in the final quarter of last year as the US-China trade war knocked exports.

BoJ officials hope the government’s $122-billion fiscal package and robust capital expenditure will offset the hit from soft global demand and supply chain disruptions from last year’s typhoons that continue to weigh on factory output.

Policy makers are also more optimistic than late last year as technology firms clear inventory and Washington and Beijing have signed a first phase trade deal.

But pessimists in the BoJ fret that weak global auto demand and the drag on consumption from October’s sales tax hike to 10% from 8% may mean only a modest rebound in January-March growth.

The BoJ on Wednesday revised down its economic assessment of the Tokai central Japan region — home to auto giant Toyota Motor Corp. — as some manufacturers were forced to cut output on weak demand.

Markets are watching how Mr. Kuroda would assess such risks in his post-meeting briefing, for clues on the policy outlook.

The BoJ now estimates core consumer inflation to hit 1.1% in fiscal 2020 and 1.5% the following year. — Reuters

What to see this week

7 films to see on the week of January 17, 2020 — January 23, 2020

The Grudge

A DETECTIVE investigates the case of a young mother who murders her family in their own home. The detective then discovers that the house is cursed by a vengeful ghost which targets anyone who enters the house. Directed by Nicolas Pesce, the film stars Betty Gilpin, Andrea Riseborough, and William Sadler. Rolling Stone’s David Fear writes, “[T]hings keep devolving into a sort of ‘stock beats’ catalog of J-scares that goes from déjà vu to dullness to deadening as The Grudge’s running time marches on. It’s as if the director has been forced to spin an arrow to choose what comes next.” Rotten Tomatoes gives this remake a 17% rating.

MTRCB Rating: R-13

Jojo Rabbit

A SCENE from Jojo Rabbit

A SATIRE set in World War II, the story follows a lonely German boy Jojo whose views change when he discovers that his single mother is hiding a Jewish girl in their attic. Jojo confronts his blind nationalism with the help of Adolf Hitler, his imaginary friend. Directed by Taika Waititi, the film stars Roman Griffin Davis, Thomasin McKenzie, Rebel Wilson, Sam Rockwell, and Scarlett Johansson. The Independent’s Clarisse Loughrey writes, “Jojo Rabbit plays heavily off of Waititi’s own goofy, freewheeling humor, with generous nods to the Nazi comedies of Charlie Chaplin, Ernst Lubitsch, and Mel Brooks. But it’s deployed here as a form of humanization — not to make the characters more sympathetic to audiences, but to illustrate how easily fascism feeds off banal human flaws. Some are indoctrinated, others merely complacent.”

MTRCB Rating: R-13

Kill Chain

A SHOOTOUT leads to an evening of murder and revenge amongst police, gangsters, and assassins. Directed by Ken Sanzel, the film stars Nicolas Cage, Enrico Colantoni, and Ryan Kwanten. Collider’s Chester C. Jones writes, “It got me wondering whether perhaps the point of Kill Chain is to let your eyes glaze over, half-listen, and make up whatever you want about the plot and characters. And, honestly, you won’t have to try too hard at that even if you’re paying close attention and continually rewinding the scenes to try to figure out what happened like I did.”

MTRCB Rating: R-13

The Last Warrior

A MAN fights to keep his family alive amidst a zombie apocalypse. Directed by Wych Kaosayananda, the film stars Mark Dacascos, Julie Condra, and Noelani Dacascos

MTRCB Rating: R-13

Arctic Justice (Arctic Dogs)

SWIFTY the Arctic Fox works in the mailroom of the Arctic Blast Delivery Service but yearns to become a Top Dog, the Arctic’s star husky couriers. To prove he deserves the position, he delivers a mysterious package to a secret location. Upon arrival there, he stumbles on a hidden fortress and begins an adventure. Directed by Aaron Woodley, this animated film features the voices of Jeremy Renner, Alec Baldwin, and Heidi Klum.

MTRCB Rating: G

Richard Jewell

AMERICAN security guard Richard Jewell at the 1996 Olympics saved hundreds of people by finding a backpack of pipe bombs, alerting the police, and helping evacuate the area before they exploded. However, false reports made him the FBI’s primary suspect for terrorism. Directed by Clint Eastwood, the film stars Sam Rockwell, Paul Walter Hauser, and Kathy Bates.

MTRCB Rating: PG

Mia

THE alcoholic Mia is struggling after her fiancé’s death when she meets Jay, a geologist who tries to befriend her. Directed by Veronica Velasco, the film stars Colleen Garcia and Edgar Allan Guzman.

MTRCB Rating: PG