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MPIC plans specialized hospitals

THE hospital group operates 16 hospitals with a combined capacity of 3,400 beds. — MIGUEL DE GUZMAN/PHILSTAR

By Arjay L. Balinbin, Reporter

THE hospital unit of Metro Pacific Investments Corp. (MPIC) is planning to put up specialized hospitals in the country starting with one for children, its top official said.

“We really need to build specialty hospitals like children’s hospitals or for cancer; you know the common ailments of Filipinos such as cancer and diabetes,” MPIC Chairman Manuel V. Pangilinan said at BusinessWorld’s online interview on Wednesday.

“Our hospitals are looking at it now, and I think they are considering certain properties where we think we should be able to build a children’s hospital,” he added.

MPIC’s Metro Pacific Hospital Holdings, Inc. (MPHHI) operates 16 hospitals with a combined capacity of 3,400 beds across the country, including Makati Medical Center, Cardinal Santos Medical Center and Asian Hospital & Medical Center.

Mr. Pangilinan said the hospitals group will soon offer services through a digital platform. “The MPIC is now in the process of developing a full range of telemedicine platforms — something that we would like our hospitals group to adopt.”

He expects the platform to be ready after two or three months. “We will have to enroll the doctors, the hospitals group, and then make sure the app is well-designed.”

On July 7, MPHHI said in a statement that some of its hospitals already offer telemedicine solutions that were developed in-house. The group said its plan is to have a common platform for all MPHHI hospitals.

“We feel there are also operational benefits here. Hospitals can optimize the utilization of their bed capacity, improve the efficiency of health care workers, allow collaboration of medical teams from across different hospitals, and give remote hospitals access to more experienced medical practitioners in the bigger hospitals,” MPHHI Chief Information Officer Eriene C. Lao was quoted as saying.

CONTACT TRACING
Mr. Pangilinan said both the government and the private sector will have to improve their contact-tracing method, especially that the number of coronavirus disease 2019 (COVID-19) cases in the country continues to surge.

He noted that PLDT Enterprise, the corporate business arm of PLDT, Inc., has been supporting government efforts to ramp up contact-tracing capacity for COVID-19 cases.

PLDT Enterprise said in a statement on Wednesday that it had enabled free access to contact-tracing app COVID KAYA developed by the Department of Health (DoH).

It said it was offering registered health workers free access and required connectivity for the app.

“Health care providers using this app can easily report cases to the DoH Epidemiology Bureau, allowing the health agency to handle case investigations and interview those who may have come in contact with infected individuals. The app’s real-time monitoring capability will show the bottlenecks and delays in patient services across the continuum of care,” PLDT Enterprise said.

MPIC is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being PLDT, Inc. and Philex Mining Corp. Hastings Holdings, Inc. — a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc. — maintains interest in BusinessWorld through the Philippine Star Group, which it controls.

Singapore property tycoon to open 1,000 cloud kitchens across Asia

OF ALL the ways our lives have changed during the coronavirus pandemic, few are as obvious as how, and where, we eat.

With restaurants either shuttered or reopening with vastly reduced capacity, and people staying home as second-wave outbreaks erupt, demand for food-delivery services has exploded.

Now Kishin RK, the 36-year-old heir to a multi-billion dollar Singapore property empire, is joining the fray, creating a network of 1,000 cloud kitchens across Asia, Europe, and the US to crack the lucrative home-delivery dining market. Globally, cloud kitchen revenue is estimated to climb to almost $72 billion by 2027 from $43 billion last year, according to Allied Market Research.

Also known as dark or shared kitchens, these centralized operations can pump out an array of cuisines for established restaurants looking to broaden their delivery footprint, or for brands that exist nowhere else but behind an app. They’ve become the go-to model for food delivery companies looking to side-step the costs of running traditional restaurants with seating and waiters, and can be located in cheaper premises like business parks rather than high-street storefronts.

“The investment into cloud kitchens is an opportunity to look at real estate with a different lens and create revenue from a space which may not be as relevant anymore,” said Kishin, who founded TiffinLabs with three partners in early 2019, naming it after the Indian lunches delivered by the nation’s army of so-called dabbawalas.

Kishin runs RB Capital, a privately owned property firm which together with his father Raj Kumar’s Royal Holdings, owns 13 office towers, malls and hotels in Singapore, including the recently refurbished 225-room InterContinental Robertson Quay.

That has left the family, which has an estimated net worth of about $3 billion, exposed to the city-state’s struggling economy. GDP shrank by a record last quarter, when much of the city was shut down to combat the novel coronavirus that causes COVID-19.

Kishin declined to comment on the family’s wealth.

He’s also trying to crack a crowded market. Panda Selected dominates in China, Deliveroo plans to expand its Editions dark-kitchen concept in Europe, while Zuul, Inc. and Kitchen United, Inc. are major players in the US. Uber Technologies Co.’s former CEO Travis Kalanick has funded City Storage Systems LLC, which runs dark kitchens and last year reached a $5 billion valuation.

TiffinLabs is going to take a slightly different approach. It will rent kitchens in restaurants and those used by catering firms — including a revenue-sharing deal — then roll out its own brands like Publico Pasta Bar and Huraideu Korean Fried Chicken. While he’ll employ chefs and other kitchen staff, Kishin says the beauty of it is that he can use one team to produce multiple cuisines, such as Italian, Chinese, and Indian from a single site.

The first kitchen should open in the fourth quarter. TiffinLabs plans to have more than 30 restaurant concepts serving over 15 cuisines in at least 10 countries within the next 12 months, according to its website.

One area where Kishin won’t compete with established players is in actual delivery — instead preferring to partner with existing platforms like Grab, Uber Eats, and Foodpanda.

“I’m not moving away from my real estate business,” Kishin said. “I’m merely doing what is necessary to stay relevant and to move with the times.” — Bloomberg

ABS-CBN shuts down theme park business KidZania

ABS-CBN CORP. announced on Wednesday that its theme park business, KidZania Manila, will permanently close starting Aug. 31.

“After five years of providing a learning experience for children, Play Innovations, Inc. has decided to cease the operations of KidZania Manila effective 31 August 2020,” ABS-CBN said in a statement.

The company had suspended the operations of KidZania, located at Park Triangle in Bonifacio Global City, due to the pandemic and the community quarantine restrictions.

ABS-CBN said the suspension had resulted in a massive impact on KidZania’s revenues.

“Even if we are allowed to operate in the future, the ‘new normal’ will prohibit mass gathering and require children to remain at home. These conditions have left us with no choice but to close the play city’s doors permanently,” it said.

ABS-CBN did not provide the number of employees who will be affected by KidZania’s closure.

“Our hearts go out to our employees. We are doing everything we can to aid them at this time of uncertainty, including paying out severance benefits as mandated by law and providing job placement programs for them. We appreciate all their hard work,” it said.

ACJ O Shopping Corp., ABS-CBN’s joint venture with South Korean media company CJ ENM Co. Ltd., will also stop operations towards the end of the year.

ABS-CBN’s partner, CJ ENM, has decided to move its business out of Southeast Asia completely.

“As a result, ACJ O has made the difficult decision to let go of its employees starting 7 August 2020,” ABS-CBN said in a recent statement.

The company said it would make further announcements regarding the selling of its goods on-air and online.

On July 15, the media company announced that it would cease the operations of some of its businesses and implement a retrenchment program starting Aug. 31.

The decision came after House of Representatives lawmakers denied the network’s application for a franchise renewal.

“As much as it hurts us to implement this retrenchment program, this is the only way to ensure the continued employment of the rest of our Kapamilya,” ABS-CBN said. — Arjay L. Balinbin

When will Filipino food get its due?

THAI, Chinese, Japanese — their cuisine, or at least iterations and versions of them, have already made themselves known to the world. The West has adapted some of these dishes for their own repertoire. If California Maki and Orange Chicken exists, well, why haven’t we heard of, say, a San Francisco adobo?

Mikey del Rosario, Chef Consultant at Mabini’s in Malate, shares space with another icon, Tesoro’s. Both focus on the same: Tesoro’s shows the refinement of our craft and native dress; and so does Mabini’s with our food, with such creations as a pancit with hand-pulled noodles, or else balut (fertilized duck embryo) in crab fat and butter.

Mr. Del Rosario appeared on the second episode of Manila Storytellers, an educational series by Manila curated tour organizers WanderManila. Here, host Benjamin Canapi picked Mr. Del Rosario’s brain about the Manila Food Scene, and why it hasn’t reached the heights of our neighbor’s cuisines.

Mr. Del Rosario talked about the restaurant scene, citing that “Up until lately, it’s always been just your homegrown kind of cooking… that’s always been the food scene in the Philippines, and even abroad. People abroad, [the] restaurants they put up, they’re not very high-end,” he said in a mix of Tagalog and English.

“It’s just basically catered to the Filipino people.” He then noted that in the last five years, “These restaurants that have elevated the cuisine started popping up.” He cites Toyo Eatery, which made it to the 43rd place on the Asia’s 50 Best Restaurants List for 2019. “Slowly but surely, it’s starting to get there man. It’s slowly inching its way into the global scene. Not as fast as we would want, but it’s getting there; there are steps.”

He cites a survey by YouGov last year, which had 25,000 respondents from 24 countries, where Filipino food rated the fourth least popular. “Not many people know about it, not many people like the cuisine,” he said.

He cites two reasons: “I think one of the hurdles is, well, Filipino ingredients are kind of hard to come by abroad,” he said. “I’ve cooked Filipino food also abroad. The ingredients I get; they feel too clean, almost. Everything’s so polished; the eggplants look so nice.”

He also cites the diversity in the country, spread as we are across 7,000 plus islands: sometimes a treat, sometimes a threat. “Another problem I think I feel [with] Filipino food in general is that… as a country, we’re kalat (spread out),” he said. “The cohesiveness of the food is not there. It’s very hard for me, for you, to define Filipino food in one sentence. There are too many things going on.” He cites for example, the many recipes of adobo, or even the different souring agents of sinigang. “There’s way too many factions for you to be able to say, this is Filipino food.”

As for restaurants abroad, he mentions that a certain mentality blocks Filipino restaurants from reaching meteoric heights. We do however, have to cite the fame of Bad Saints in Washington, DC, and Bib Gourmand awardee Purple Yam in New York — two Filipino restaurants, in two main cities of the United States. There was also Aux Iles Philippines by Nora Daza in the 1960s in one of the world’s culinary capitals, Paris. Of course, for three success stories, there are other hundreds that didn’t make it.

“The people that left at the time were not chefs or cooks, they weren’t even businessmen,” said Mr. Del Rosario. “Filipinos really weren’t bred to be entrepreneurs. We’re always pigeonholed into thinking we’ll be great employees.

“That’s what happened when we went abroad. The people that wanted to put up Filipino restaurants didn’t do it well,” he argues. By that, he doesn’t mean the food, but a lack of business skills such as in costing and accounting, and the more boring matters in the restaurant business. “Hopefully, we can get that good food out there without compromise.”

“It’s very hard to rally around a single cause, more so food. I’m not giving up hope, obviously. Maybe in the future, Filipino food will get its due.” — JLG

Ayala Land sets REIT offer price at P27 each

AYALA LAND, INC. (ALI) has finalized the offer price for its maiden real estate investment trust (REIT) offering at P27 per share.

BPI Capital Corp., the sole global coordinator and stabilizing agent for the offering, told the Philippine Stock Exchange, Inc. (PSE) on Wednesday that ALI will be offering REIT shares at P27 each.

ALI is doing its REIT offering through AREIT, Inc., which will be selling 456.88 million shares with an overallotment option of 45.69 million shares.

The final offer price is lower than the initial P30.05 per share that the company indicated in the prospectus it submitted to the PSE and the Securities and Exchange Commission.

Based on the final price, ALI could raise up to P13.57 billion from the REIT offering, assuming the full utilization of its overallotment option.

When the PSE approved ALI’s REIT application last week, it said the company’s offer period will be from July 27 to Aug. 3, with listing at the PSE main board tentatively scheduled on Aug. 13.

AREIT’s portfolio currently consists of three office buildings in Makati City: 24-storey commercial building Solaris One, two-tower mixed-use development Ayala North Exchange and five-storey commercial office McKinley Exchange.

ALI intends to use the proceeds from the REIT offering to buy Teleperformance Cebu and to invest in other real estate properties in Metro Manila and key regions.

Aside from BPI, AREIT tapped PNB Capital & Investment Corp. and SB Capital Investment Corp. as domestic co-lead underwriters, and BPI Capital and UBS AG Singapore Branch as joint bookrunners for the offering.

ALI is set to be the first property developer to do a REIT offering in the Philippines. Earnings of ALI in the first quarter stood at P4.3 billion, down 41% from a year ago, as bookings and project completions were dampened by the Taal Volcano eruption and the coronavirus-related lockdown.

Shares in ALI at the stock exchange shed 20 centavos or 0.60% to P33 each on Wednesday. — Denise A. Valdez

Going beyond sushi and tempura

TV HOST Adam Liaw visits his wife’s homeland and discovers what Japan has to offer in Asian Food Network’s newest series, Destination Flavor: Japan, set to premiere on July 23, at 9 p.m. On the show Liaw travels the entire length of the country from north to south, starting with snow-bound Hokkaido where tries sea urchin and pond smelt, all the way to sunny Okinawa where he discovers Japanese fusion food influenced by Chinese, American, Thai, and Korean flavors such as purple-flesh potato mochi and popping seaweed. Together with Liaw, watch how the Japanese prepare different dishes that are as eye-catching as they are mouth-watering, and see why Washoku, traditional Japanese cuisine, was added to the UNESCO Intangible Cultural Heritage List in 2013. Destination Flavor: Japan will air on the Asian Food Network, which is available on Sky Cable CH 248, Cignal TV CH 62, and Destiny Cable CH 22.

PhilRealty cancels share sale deals with affiliate

LISTED Philippine Realty and Holdings Corp. (PhilRealty) is no longer pursuing transactions involving its affiliate Meridian Assurance Corp. (MAC) after the latter shifted business strategies to focus on real estate.

In a disclosure to the exchange on Wednesday, PhilRealty said it had canceled the supposed sale of its 29.99% stake in MAC to Chinook Capital Holdings Corp.

The two companies agreed in 2018 to sell PhilRealty’s shares in MAC to Chinook Capital. The shares amount to 749,999 shares or 29.99% of MAC’s outstanding shares of stock.

PhilRealty said on Wednesday that Chinook Capital has withdrawn this offer, as MAC started investing in real estate and is no longer operating as a non-life insurance company.

“In support of the… strategy being pursued by MAC, (Chinook Capital) which owns 70% of MAC, deemed it a more judicious use of limited resources to allocate and provide funds directly to MAC instead of using up funds to own 100% of MAC,” it said.

In another disclosure, PhilRealty said it was also dropping previous plans to swap shares for properties with MAC.

In 2018, the two companies agreed to exchange 150,396,296 shares in PhilRealty for P81.21-million worth of properties held by MAC.

The properties include three office condominium units and six parking slots in the Tektite Towers and two commercial condominium units and two parking slots at the Icon Plaza.

“MAC… recently started investing in real estate properties to generate capital gains and recurring rental income. Thus, MAC decided to just maintain its investment in the above-cited properties, consistent with the above-mentioned strategy,” it said.

PhilRealty is the listed developer of projects such as The Alexandra, Tektite Towers, The Alexis, La Isla, Casa Miguel, Andrea North and Skyvillas Tower.

In the first quarter, the company’s earnings fell 39% to P11.23 million as its gross revenues dropped 18% to P192.04 million. PhilRealty shares at the stock exchange gained 1.9 centavos or 8.26% to 24.9 centavos each on Wednesday. — Denise A. Valdez

Samsung teases new gadgets for a stay-at-home generation

SAMSUNG Electronics Co. is preparing to unveil a slate of new mobile devices at a virtual Galaxy Unpacked event on Aug. 5, when it will elaborate on its shifting strategy to adapt to the COVID-19 (coronavirus disease 2019) pandemic.

Traditionally staged in a Western city, the next Unpacked showcase will be the first one hosted virtually and broadcast live from South Korea. It will feature the unveiling of this year’s Galaxy Note series, a pair of bean-shaped wireless earbuds and a new smartwatch.

The combination of 5G advances and the changes in work and life styles from the coronavirus have given Samsung “a true sense of urgency,” said TM Roh, the recently appointed chief of its mobile communications business, in a blog post. “From foldables to 5G, we have a tremendous amount in the pipeline, with some ready to be shown just around the corner.”

In setting out his vision for Samsung’s future course, Mr. Roh stressed collaboration as one of the company’s key drivers for success. When Samsung launched its flagship Galaxy S20 devices earlier this year, it accompanied them with a slew of partnerships, including Netflix, Inc. device integration, Spotify Technology SA music search added to its Bixby digital assistant and close cooperation with Microsoft Corp.’s Xbox team. The mobile group chief reiterated his belief that those relationships, along with Alphabet, Inc.’s Google, designer of the Android operating system on Galaxy devices, are key to serving people’s needs as they stay, work and play at home more.

“Mobile devices have become the only way for many people to work from home and stay connected — they’ve become a true lifeline,” Mr. Roh said.

The Galaxy Note devices are Samsung’s larger and pricier set of mainstream flagship smartphones. They’re typically accompanied by a stylus and demonstrate the company’s latest display technology. This year, their signature color will be a so-called mystic bronze version of rose gold. Alongside the new Note variants will be new earphones and a watch, both aimed at capitalizing on the growing wearable tech market, which Apple, Inc. leads with its Apple Watch and AirPods products.

Galaxy Z Flip, the pocketable foldable device Samsung launched earlier this year, has been upgraded with fifth-generation networking and an anti-fingerprint display coating and will also be available in the market soon, according to people familiar with Samsung’s plans.

A new Galaxy Z Fold 2 will make its teaser debut at the Galaxy Unpacked event, featuring enlarged screens both on its interior and exterior, said the people, asking not to be named because the plans are not public. This new device will advance the hybrid category of foldable tablets that shrink to the size of a smartphone, which seems to have gone quiet with Huawei Technologies Co. grappling with more pressing issues around US sanctions, and Apple and most Chinese phone vendors reluctant to dive in just yet. — Bloomberg

Top Japanese chef’s simple recipe for lamb cumin rice bowl with egg

By Richard Vine, Bloomberg

CHEF SHUKO ODA is a food hero in London for the authentic and unfussy Japanese dishes she serves at Koya udon noodle restaurant.

Her focus is on generosity over gentility, with steaming bowls of sustenance served to hungry diners seated elbow-to-elbow at counters or at shared tables, where hospitality goes hand-in-hand with value and integrity.

Well, that was how life was at Koya — with restaurants in Soho and the City financial district — before the arrival of COVID-19 (coronavirus disease 2019), which has temporarily closed both and derailed the whole trend toward counter dining in London.

Shuko was born in the UK and has worked as a chef in Japan. For Bloomberg, she has supplied a recipe for a lamb rice bowl topped with a Japanese-style poached egg: Lamb Cumin Miso Donburi With Onsen Tamago.

I tried it at home and found the egg to be the trickiest part. If you haven’t poached an egg this way before, it’s worth practicing ahead of time. I managed to under cook the egg. Most of the ingredients should be available in stores or online, though I have to confess that I went with salad leaves from my local supermarket, rather than tracking down mizuna.

Even with my shortcomings as a home cook, and the inelegance of my dish, it was delicious.

Ingredients (serves three)

• 600 grams of minced lamb shoulder

• 1 tablespoon rapeseed oil

• 1 clove of garlic (grated)

• 3 grams ginger (grated)

• 10 grams ground coriander

• 28 grams ground cumin

• 90 milliliters cooking sake

• 30 milliliters soy sauce

• 70 grams sugar

• 150-200 grams red miso

• 3 medium eggs

• Cucumber

• Salad leaves: gem lettuce, oakleaf, butterheads and mizuna (a few leaves per person)

• Herbs: coriander, spring onion, shiso and mint (a small handful per person)

• 300g Japanese short-grain rice

PREPARATION
For the Japanese poached eggs (onsen tamago): Boil enough water to cover your eggs, approximately 1 liter for three. When the water is boiling rapidly, turn off the heat, add 200 milliliters of cold water,  gently place the eggs in the water, put the lid on the pan and leave for 12-13 minutes. After that, remove the eggs and cool them in cold running water until fully chilled, so they don’t keep cooking. Put to one side.

For the lamb miso: Start by frying garlic, ginger, coriander, and cumin in rapeseed oil on low heat for a minute or until you start to smell the spices. Add the lamb and keep mixing until the color changes completely. Add sake, soy sauce, and sugar and keep mixing occasionally until the juice from the meat is reduced to half its original amount. Add the red miso and mix in until blended, then turn off the heat.

For the rice: Wash it five times, draining each time; place in a colander and transfer it to a pot with 400-430 milliliters water to soak for about an hour; put on a lid and bring it to the boil at medium-to-low heat — no need to open the lid as you will hear when the water is boiling or see bubbles lifting the lid; once boiled, turn the heat down to low and cook for a further 10-15 minutes (if you’ve been tempted to open the lid, give it a little booster high heat for 10 seconds); turn the heat off and leave to steam for a further 10 minutes; then mix the rice from the bottom of the pot a few times.

For the greens: Julienne some cucumber (meaning, cut into 5cm/2 inch strips); slice spring onions at a sharp angle and keep them in cold water to get them crisp; herbs can be roughly chopped and mixed together; wash and pat dry the salad leaves.

Place rice in each serving bowl and top with salad leaves and herbs on one side, then the lamb miso on the other and onsen tamago on the top. It’s fine to sprinkle sesame seeds, chili oil or shichimi chili, to taste.

Megaworld mandates banks to arrange dollar bond sale

MEGAWORLD CORP. has started planning for a dollar-denominated bond offering through the appointment of banks to arrange investor calls.

In a disclosure on Wednesday, the Andrew L. Tan-led property developer said its board of directors had chosen Citigroup Global Markets Ltd., The Hongkong and Shanghai Banking Corp. Ltd. (HSBC), Credit Suisse (Singapore) Ltd. and J.P. Morgan Securities plc for the unsecured notes.

Citigroup Global and HSBC will act as joint global coordinators, joint lead managers and joint bookrunners, while Credit Suisse and J.P. Morgan will act as joint bookrunners for the plan.

The banks have started a series of fixed-income investor calls on Wednesday, after which an offering of Regulation S only, dollar-denominated senior unsecured notes may follow, depending on market conditions.

A Regulation S offering means the securities are executed in countries outside the United States.

If the issuance goes through, proceeds from the sale will be used for general corporate purposes, such as supporting the company’s capital expenditures (capex), financing land banking plans and refinancing existing loans.

Megaworld has set its capex for the year at P36 billion, lower than its original plan of P60 billion, due to the impact of the coronavirus outbreak to its operations.

Its attributable earnings for the first quarter fell 9% to P3.5 billion, largely due to the impact of the pandemic to its hotel business, which revenues slid 4% to P551 million.

As of end-March, Megaworld’s interest-bearing loans and borrowings current and non-current amounted to P54.15 billion, and its bonds payable amounted to P24.7 billion.

On Wednesday, shares in Megaworld at the stock exchange added two centavos or 0.63% to close at P3.20 apiece. — Denise A. Valdez

Leica launches first 40MP camera M10R

By Zsarlene B. Chua, Senior Reporter

GERMAN premium camera manufacturer Leica has launched an update for its M series with the Leica M10R, its highest resolution model yet packing 40 megapixels, one of new products the company is introducing as they hope to recover steam at the end of their fiscal year due to the pandemic.

“We all have to work with some sort of prediction, with some sort of forecast. Unfortunately, this current situation does not allow us [that],” Sunil Kaur, managing director at Leica Asia Pacific, said during a digital conference on July 17 via Zoom.

Last year, he said, was the “second-best year” Leica had in its entire history though he declined to divulge specific numbers.

Mr. Kaur said they decided to “delete three months” into their predictions for the year: April, May and June, the three months hardest hit by the pandemic where “almost every country in the world suffered.”

The pandemic notwithstanding, he said the company continues to be “very aggressive in investing into the brand and we have many new products coming down in the pipeline.

“So in the last of those three months, we hope to be able to recover towards the fourth quarter of our financial year (January to March),” Mr. Kaur explained.

A testament to its continued bullishness is the Leica M10R, a full-frame rangefinder with its 40MP color sensor and featuring the quiet shutter introduced in the M10-P. The hefty 40MP sensor is said to “significantly reduce image noise as well as a wider dynamic range,” according to the product’s description on its website.

The M10R body (priced at P486,000) is virtually identical to the M10-P launched in 2018 and shares most of its key specs including 3-inch touchscreen rear displays, 100 to 50,000 ISO ranges, Maestro II image processors, and the company’s split-screen manual focus system. It also weighs 660g including the battery. Only, while M10-P has a 24MP sensor, the M10R has 40.

The other Leica camera with this much megapixels is the M10 Monochrom that only shoots in black and white.

Leica also promises excellent low-light performance while maximum exposure time has been increased to 16 minutes (using ISO 100).

The M10R body can also use all of the 29 different M lenses, even the earliest ones, though the “open aperture will show [the older lenses’] character a bit more than film or M9,” Stefan Daniel, Leica’s product division’s global director, said during the same conference.

“But for superb image quality, you are better served with a later design,” he added.

The Leica M10R will be available in July.

For more information, visit the Leica website at https://en.leica-camera.com/.

Enderun to open College of Architecture and Design

ENDERUN COLLEGES is opening a new College of Architecture and Design, with enrollment beginning in mid-August of this year. It will be offering two new professional undergraduate degree programs: Bachelor of Science in Architecture and Bachelor of Science in Interior Design.

“There are already many good schools for architecture and design. What Enderun hopes to do and to contribute to this space, is a systematic process of thought-leadership,” said Dr. Edgardo Rodriguez, President of Enderun Colleges and the Dean of the College of Business, Technology and Entrepreneurship during a press conference via Zoom last week. “We hope that students don’t just learn a craft, but learn the purpose of that craft.”

“The beauty of a living space must go hand in hand with its sustainability,” he said.

Citing their strengths, Mr. Rodriguez underlined their partnerships in institutions here and abroad, with Enderun’s goal of bridging the academe and practice. “Unlike other undergraduate schools, our internships in Enderun can last a full year… it’s really starting a job,” he said, also citing over 800 partnerships around the world.

Of course, the COVID-19 (coronavirus disease 2019) pandemic has put a damper on things, especially since Mr. Rodriguez says that plans for the college have been cooked up for more than four years. “The pandemic has made this launching difficult, but perhaps… it has only given [it] the right time to launch. The underlying theme of the new college’s focus is moving out of architecture and design’s comfort zones into new urgent realities and challenges.”

As mentioned above, enrollment begins in mid-August. Financial aid scholarships and grants may be awarded to deserving students. The semester would be broken in half, with the first half commencing online. By September, the college will gauge the pandemic situation in the country and make a decision regarding blended learning. — JLG