Facebook Instagram Linkedin X Youtube
Home Blog Page 8791

Industry group says cement supply enough after typhoon

TYPHOON-AFFECTED areas such as the Bicol Region, Isabela, and Cagayan provinces will have ample supply of cement products to start the rehabilitation of infrastructure and houses, cement makers said on Monday as they dismissed the possibility of any shortage.

In a statement, Cement Manufacturers Association of the Philippines (CeMAP) said its member companies are finding workarounds on the transport issues posed by damaged roads and infrastructure due to consecutive typhoons.

As a result of the wide-scale damage to infrastructure and houses caused by the typhoons, the group said rehabilitation efforts would create higher demand for construction materials.

“The need to rebuild and repair will result in an increased need for construction materials, including cement, in Regions 2 (Cagayan Valley) and 5 (Bicol Region),” the group said.

Citing news reports, the group said Typhoon Rolly had damaged more than 137,000 houses in Albay and Catanduanes.

“In the worst hit province of Catanduanes alone, the super typhoon affected 35,000 families, destroyed 10,000 houses and severely damaged 19,000 others,” the group said.

CeMAP also said that in Region 2, the government reported that damage caused by Typhoon Ulysses to infrastructure amounted to P5.91 billion.

Meanwhile, the group said its member companies are also preparing their relief response efforts and corporate social responsibility projects for Cagayan, Isabela, and Bicol Region.

“CeMAP is one with the nation in the rebuilding efforts in these severely damaged areas,” the group said.

“Cement is considered a prime commodity and domestic production plays a vital role in keeping domestic economies vibrant by creating jobs and generating tax revenues both directly and through its ancillary industries,” it added. — Revin Mikhael D. Ochave

Investing in renewable energy limits financial risks — AC Energy’s Francia

FINANCIERS of renewables are able to limit their financial risks, because they can invest in smaller amounts on those projects, the head of one of the fastest growing Philippine energy companies said on Monday.

“The advantage of renewables, I should say, is that you can do your investments in digestible, reasonable chunks, unlike a large scale thermal plant where you typically invest billions of dollars,” AC Energy, Inc. President and Chief Executive Officer Eric T. Francia said.

“With renewables, you can invest in hundred or two hundred million dollar at a time (and) that manages or limits your risk,” he said, during a webinar organized by the Philippine Energy Independence Council and the European Chamber of Commerce of the Philippines.

Last week, Mr. Francia disclosed to reporters that AC Energy is planning to sell its stakes in its coal-fired power plant projects in line with its vision to generate more than half of energy from renewables by 2025.

He also shared that the Ayala-led firm was able to raise $300 million in green bonds last week. Green bonds are fixed-income instruments that are tapped to raise money for projects related to climate and environment.

During the webinar, he expressed concern on the possibility that no one will want to invest in the energy sector if the market experiences a sudden rebound amid the new normal.

“My concern is that we go to the extreme that nobody invests and we will suddenly have a shortage in 2023 (or) 2024, if the market rebounds sooner and stronger than expected. At least, we can hedge up a bit by having measured investments on the renewable space,” Mr. Francia said.

The AC Energy executive encouraged potential users and investors to make the most of the lower rates being offered by monetary authorities.

Shares in Ayala Corp. on Monday went down by 0.58 % to close at P850 each. Those of its unit AC Energy Philippines, Inc., which makes up the firm’s local energy projects, surged by 8.97 % to finish at P6.32 apiece. — Angelica Y. Yang

DoubleDragon files REIT application with SEC

DDMP REIT, Inc. has submitted an application to the Securities and Exchange Commission (SEC) for a real estate investment trust (REIT) offer.

The firm, formerly known as DD Meridian Park Development Corp., on Monday submitted to the SEC its REIT plan to sell to the public 5,942,488,469 common shares at P2.25 apiece, with an over-allotment option of up to 594,248,847.

The shares include existing common shares offered by DoubleDragon Properties Corp., Benedicto V. Yujuico and Teresita M. Yujuico.

The company will not receive proceeds, but total proceeds to be raised in the sale of offer shares will be around P14.7 million. Selling shareholders will receive a net of P14.2 million, with the full exercise of the over-allotment option.

The offer shares will represent around 36.67% of the issued and outstanding capital stock of the company after the offer is completed, assuming that the over-allotment option is fully used.

Shares amounting to 17,827,465,406 will be outstanding after the firm offer.

The company’s property portfolio includes three commercial properties with six office towers that have retail businesses – DoubleDragon Plaza, DoubleDragon Center East, and Double Dragon Center West. — Jenina P. Ibañez

Bria Homes expands portfolio

REAL ESTATE developer Bria Homes is continuing to expand its portfolio of housing developments.

In a statement, Bria Homes said it will soon launch “vertical villages,” which it described as a cluster of mid-rise residential condominiums targeting small families and young professionals.

The developer said the vertical villages will offer amenities such as a communal clubhouse with function halls, swimming pools, play areas, and complete gym facilities.

Bria Homes will also launch a series of smaller pocket developments called Bria Cityville in Montalban, Rizal, and Danao, Cebu.

Bria Cityville offers house-and-lots, targeting Filipino professionals looking to live just outside of Metro Manila.

For those who need more space for expansion, the developer is introducing Bria Executive. These exclusive communities will be located next to existing Bria communities in Cagayan de Oro; Maco, Davao de Oro; Pililla, Rizal; and Naga, Camarines Sur.

“As in all Bria projects, these new product lines will bear the features and elements that mark Bria communities as Filipinos’ homes of choice: proximity to schools, hospitals, and retail establishments; recreational amenities such as basketball courts, multi-purpose halls, and eco-friendly spaces; and security facilities like 24-hour CCTV cameras, perimeter fences, and guarded entrances and exits,” the company said.

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

NAME CHANGE
On Monday, Golden Bria told the stock exchange its board of directors approved the move to change its corporate name to Golden MV Holdings, Inc.

The company, led by tycoon Manuel B. Villar, Jr., said it would seek the stockholders’ approval of the amendment to its articles of incorporation by way of written assent. Forms will be sent to stockholders.

For the written assent solicitation, the board set the record date on Dec. 10, 2020.

‘WAKE CONNECT’
Meanwhile, Golden Haven Memorial Parks, Inc., another subsidiary of Golden Bria, launched the first and only real-time interactive wake viewing in the country.

Through “wake connect,” bereaved families can attend their kin’s wake and funeral services through Golden Haven’s official website.

A virtual tour of the memorial park is also available on the Golden Haven website. Prospective buyers can check out the features of Golden Haven’s properties.

Current clients can now make reservations, schedule park visits, and pay bills on the website or access QR codes posted on Golden Haven’s official Facebook page.

“These are trying times for everyone. But Golden Haven rises to the occasion by providing efficient digital services to our clients. The same Alagang Golden philosophy that makes us a leading name in the Philippine deathcare industry is set to ensure that our clients may honor memories of their dearly departed under any or all circumstances,” Rizalito “Red” J. Rosales, chief operating officer of Golden Haven, said.

QCinema goes online with a smaller lineup

FOLLOWING on the heels of several local film festivals that have opted to go for digital — or hybrid — screenings, the Quezon City International Film Festival (QCinema) will likewise be showing its films online, although it will have a physical screening of its opening film, the black-and-white version of Bong Joon-Ho’s Oscar award-winning film Parasite (2019).

“We’re lucky that its producers agreed for it to have a theatrical screening here,” Eduardo J. Lejano, the festival’s director, said during a press conference on Nov. 16 via Zoom.

He described the opening film, which premiered at the Rotterdam Film Festival in January, as an “entirely different experience” even for people who already watched what is the first foreign language film to win Best Picture at the 2020 Academy Awards. The monochrome version of Parasite will be shown on Nov. 27 and 28 at the Gazebo Royale Events Place in Quezon City. The screenings are by-invitation only.

QCinema will run from Nov. 27 to Dec. 6 online via the Filipino streaming service Upstream. The Metro Manila Film Festival in December will also be using Upstream as its streaming partner.

And because the pandemic has halted or made it incredibly difficult for films to be produced this year, QCinema (like Cinemalaya) will be featuring it’s past Best Picture winners alongside foreign films instead of original films like the QCinemas of the past.

Among the former Best Picture winners that will be screened this year are Glen Barit’s Cleaners (2019), Dwein Baltazar’s Oda sa Wala (2018), and Khavn dela Cruz’s Balangiga Howling Wilderness (2017). Also screening in this year’s QCinema is Rae Red’s Babae at Baril (2019) which recently won the Gawad Urian Best Picture and a slew of other major and technical awards.

As QCinema is normally held in October, Mr. Lejano said that they had been hoping that the cinemas — which have been closed since the start of the coronavirus disease (COVID-19) pandemic — would be allowed to open that month. But since they were not, QCinema made a shift to the digital realm.

“Like many other film festivals around the world, we’ve had to adapt to the unprecedented challenges of 2020. Factoring in safety concerns and restrictions, we’ve decided to follow the global trend of staging a hybrid film festival,” Mr. Lejano explained.

“We were changing plans as we went along because we were waiting for the government to announce MGCQ (modified general community quarantine),” Mr. Lejano said. “We were also hoping, just like the organizers of the Metro Manila Film Festival (MMFF), that the cinemas would open in time for QCinema. The festival used to be held every October, but we had to move it to late November.”

In another departure from the norm, Mr. Lejano said that this year they are presenting a smaller number of movies — 20 films instead of the 70 to 80 films the festival normally shows. But while the number of films have been decreased Mr. Lejano said that they tried to find films that would suit everyone’s taste.

QCinema will be hosting the Asian premiere of Lav Diaz’s Genus Pan (2020), the Southeast Asian premieres of the Peruvian drama Song Without a Name (2010) by Melina Leon, and the Brazilian film Divine Love (2019) by Gabriel Mascaro.

Mr. Diaz’s Genus Pan, a film that shows how much human beings are like animals, was the only Philippine entry at the 2020 Venice Film Festival. Mr. Diaz received the Best Director Award at the festival.

Other films that will be screened at QCinema are Vietnamese film Rom (2019) by Tran Thanh Huy, Hong Kong’s Suk Suk (2019) by Ray Yeung, and Polish film Corpus Christi (2019) by Mateusz Pecewicz.

Mr. Lejano admitted that it was difficult for them to get the digital screening rights for the festival films and that they had to assure the distributors that Upstream is completely safe and secure.

Aside from the screenings, QCinema will also have a ceremonial turnover of COVID-19 assistance grants it will give to the Inter-Guild Alliance to help industry workers affected by the pandemic. They will also be announcing the winners of the COVID Completion Grant at the opening ceremony on Nov. 27. The grant is given to select independent films that were forced to halt production during the lockdowns.

QCinema runs from Nov. 27 to Dec. 6 via Upstream.ph. Each film is priced at P150 and a limited number of tickets will be released per film starting Nov. 24. Bundles are also available at P750 for access to five films and QCinema-branded items. For more information, visit qcinema.ph and its official social media pages. — Zsarlene B. Chua

GBP turns over P23M to Toledo City as plant host

POWER producer Global Business Power Corp. (GBP) has remitted P23.3 million of funds to its host community in Toledo, Cebu, to help in boosting the local government’s response to the global health emergency, the firm said in a press release on Monday.

The fund transfer is part of GBP’s mandate under the government’s Energy Regulations 1-94 (ER 1-94) to share its electricity sales with Toledo City, where its 246-megawatt (MW) clean coal-run power plant and 40-MW fuel oil facility are located.

According to the ER 1-94 program, host communities will receive one-centavo for every kilowatt-hour (P0.01/kWh) of the total sales of generating companies to finance electrification, livelihood and development projects in the area.

The company’s most recent contribution to Toledo City represents profits from GBP’s subsidiaries, Cebu Energy Development Corp. (CEDC) and Toledo Power Co. (TPC).

Earlier in April, the Energy department allowed for the ER 1-94 funds to be used to help local government’s in responding to the global health emergency.

“We, at GBP, are committed partners of our communities in battling the COVID-19 health crisis and its adverse consequences. Through this assistance to the City of Toledo, we are hoping to help our kababayans in rising above this challenging time,” Leah G. Diaz, GBP head of its Cebu site, said in a statement.

GBP is a joint venture among Beacon PowerGen Holdings, Inc. (56%), JG Summit Holdings, Inc. (30%), and Meralco PowerGen Corp. (14%), a wholly owned subsidiary of Manila Electric Co. (Meralco). It has five energy facilities in Visayas and Mindoro.

Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has interest in BusinessWorld through the Philippine Star Group, which it controls. — Angelica Y. Yang

Gov’t fully awards offer of T-bills

THE GOVERNMENT made a full award of Treasury bills (T-bills) it offered on Monday as yields declined across the board on the back of ample liquidity among investors and the central bank’s surprise rate cut last week.

The Bureau of the Treasury (BTr) borrowed P20 billion as planned via the T-bills as the offer was almost four times oversubscribed, with bids amounting to P73.42 billion.

Broken down, the BTr borrowed the programmed P5 billion through the 91-day T-bills as tenders reached P18.85 billion. The three-month debt’s average rate fell below one percent and fetched 0.986%, down by 3.3 basis points (bps) from the 1.019% seen in the previous auction.

The Treasury also awarded another P5 billion as planned in 182-day debt as bids amounted to P20.8 billion. The six-month papers were quoted at an average rate of 1.385%, declining by 5.8 bps from the 1.443% logged in last week’s offering.

Lastly, the government made a full P10-billion award of the 364-day securities as tenders totaled P33.77 billion. The average rate of the one-year securities was at 1.695%, lower by 5 bps from the 1.745% seen during last week’s auction.

The BTr also opened its tap facility to raise another P5 billion in one-year papers to take advantage of the strong demand and lower rates seen at yesterday’s auction.

National Treasurer Rosalia V. de Leon said the yields on the short-term debt papers continued to decline as the market continues to look for investment outlets for their excess cash amid the coronavirus pandemic.

“Rates will trend downward for short tenors [which will be] fueled by a bias for the front end with high volume of liquidity,” Ms. De Leon told reporters in a Viber message after the auction.

A trader, meanwhile, said yields on the T-bills declined following the Bangko Sentral ng Pilipinas’ (BSP) move to cut benchmark rates anew on Thursday.

“Liquidity continues to flow its way to short-term papers such as T-bills. Yields saw a general decline week on week after BSP surprised with a policy rate cut,” the trader said via Viber.

ING Bank N.V. Manila Senior Economist Nicholas Antonio T. Mapa said investors continue to prefer the short-term debt, as seen in the oversubscription of yesterday’s offering.

“This week also will not feature a Treasury bond (T-bond) issuance, so investors opted to park more in the longer dated T-bills,” Mr. Mapa said in an e-mail.

The BSP unexpectedly cut benchmark rates to new record lows on Thursday, the fifth reduction this year, citing the continued uncertainty caused by a fresh surge in coronavirus cases globally and the impact of recent typhoons on the struggling economy.

The Monetary Board on Thursday trimmed the rates on the BSP’s overnight reverse repurchase, lending, and deposit facilities by 25 bps to 2%, 2.5%, and 1.5%, respectively.

The latest easing move followed a “prudent pause” by the central bank since its June meeting. The central bank has already cumulatively lowered interest rates by 200 bps. The central bank also upgraded its inflation forecast this year to 2.4% from the 2.3% it gave in the October meeting.

On the other hand, the inflation outlook for 2021 and 2022 were lowered to 2.7% (from 2.8%) and 2.9% (from 3%), respectively, due to the slower-than-expected pickup in domestic activity, the decline in global crude oil prices, and the strengthening of the peso.

The Treasury wanted to borrow P140 billion from the domestic market this month: P80 billion in weekly T-bill auctions and P60 billion in fortnightly T-bond auctions. Yesterday’s offering was the last one for November.

During the month, it made full awards of its offerings of government securities and even upsized its borrowings and opened its tap facility several times as demand stayed strong, with the market looking for safe investment outlets to put their excess cash to work.

It is also offering another tranche of Premyo bonds to raise at least P3 billion. The offer period is set to run from Nov. 11 to Dec. 18.

The government wants to raise around P3 trillion this year from local and foreign lenders to help fund its budget deficit, which is expected to hit 9.6% of the country’s gross domestic product. — KKTJ

More stores open at Eton Centris

MORE STORES have opened within the Eton Centris complex in Quezon City, amid the loosening of quarantine restrictions.

Popular fried chicken restaurant chain Popeyes and local favorite Pares Retiro opened branches last September. In October, Maxicare Primary Care Center opened in Cyberpod Centris Five; and IQOS launched its branch in the courtyard-style mall.

In a statement, Eton Properties Philippines’ Chief Operating Officer Karlu Tan Say said there are still a good number of businesses that find benefit in opening brick-and-mortar stores.

“A lot of businessmen would agree that digital transformation is really the way to go, but to have a physical store where customers can experience your product and exemplary service, alongside technology, is more powerful and sustainable,” she said.

Eton Properties Philippines’ Executive Vice-President Charlie Carlos said businesses have not ignored the fact that going to the mall is still a part of Filipino culture.

“In fact, our business partners are future-proofing their investments by finding more value in our wide open spaces in Eton Centris, instead of compact and closed structures because of the healthy and safe environment that we provide,” Mr. Carlos said.

Eton Centris is a 12-hectare lifestyle hub with a courtyard architectural design.

Holiday-themed series top bill TV5’s new shows

LOCAL television network TV5 is ending the year with more new programs as it continues its return to entertainment programming, leading with a holiday-themed drama series titled Paano Ang Pasko.

Paano Ang Pasko is a “star-studded Christmas serye (series) that is tailor made for the times,” according to a press release. The show is written by Jun Robles Lana and directed by Enrico Quizon, Ricky Davao, and Perci Intalan.

During an online press conference for the film held on Nov. 18, Mr. Intalan said that the film held a locked-in shoot which required everyone to multitask — which led to Mr. Davao, originally just a cast member, to step in and direct parts of the series himself.

“This is bayanihan,” Mr. Intalan recalled Mr. Davao telling him after he asked Mr. Davao if he could also direct the series.

The series revolves around a family’s “unprecedented holiday gathering” and how old wounds and conflicts threaten to destroy what should be a joyous occasion. The show’s cast includes Maricel Laxa, Julia Clarete, Beauty Gonzales, Elijah Canlas, Ricky Davao, among many others.

Paano Ang Pasko airs weekdays starting Nov. 23, 9 p.m.

Also premiering this November are five weeknight shows which form the network’s primetime block: the mystery-drama Ate ng Ate Ko, starring Kris Bernal, which airs every Monday, starting Nov. 23; romantic comedy Stay in Love, starring Maris Racal and Ruffa Guttierez, airing every Tuesday starting Nov. 24; action-drama Bella Bandida, starring Ryza Cenon, airing every Wednesday starting Nov. 25; suspense-thriller Carpool, starring Sarah Carlos, every Thursday starting Nov. 26; and Kagat ng Dilim, the 2020 edition of the horror anthology series of the 2000s, starring Matteo Guidicelli, airing every Friday starting Nov. 27. All the shows air at 9:30 p.m.

Ate ng Ate Ko, Stay-in Love, and Carpool will have a next day catch-up airing at 5:30 p.m. via One Screen on Cignal TV Channel 09 and SatLite Channel 35. Bella Bandida and Kagat ng Dilim will also have catch-up airings: Bella Bandida starting Nov. 27 on Fridays at 7 p.m., and Kagat ng Dilim starting Nov. 28, airing Saturdays at 7 p.m. The catch-up episode of both shows will be via the SARI SARI Channel on Cignal TV Channel 03 and SatLite Channel 30. — ZB Chua

MAP’s top manager Lopez calls for ‘regenerative’ shift

FEDERICO R. Lopez, the chairman of First Philippine Holdings Corp. (FPH), has called on companies to go beyond sustainability by converting into “regenerative forces” to ensure the safety of the planet.

He made the statement during his virtual acceptance speech on Monday when he was named “Management Man of the Year 2020.” His call is in light of the accelerating climate crisis, and the recent onslaught of typhoons that battered the country in their wake.

“There is an urgency for all of us to go beyond incremental sustainability and transform into regenerative forces that align our profit engines with the need for a better, more just world and a safer planet,” Mr. Lopez said.

He said that this was already happening at FPH and its group of companies, as they lived by the company mission: “To forge collaborative pathways for a decarbonized and regenerative future.”

He said the mission was “deliberated on and hotly debated internally for months.”

“But it goes beyond energy and anticipates dealing with the many adaptive challenges needed to redesign how we live, work, and do business in a changed world,” he said.

Mr. Lopez said FPH and its group of companies chose to do away with the word “sustainability” because this did not apply anymore in a world that sorely needed healing and renewal.

“So we took on the challenge of using the word “regenerative” instead, with all the responsibility it carries,” he said.

“We are not a full-on regenerative company today; no one is yet. But we chose it deliberately to signal to our people that they have a license to adopt this new mindset as our inherent way of doing business and that it’s okay for them to ‘bring their values to work’ every day,” he added.

During his acceptance speech, Mr. Lopez said that he was blessed to have witnessed FPH group’s notable moments. Some of these include: the birth of the Philippine natural gas industry with the Malampaya discovery, the privatization and deregularization of the country’s power industry, and the firming of the company’s “no-to-coal” declaration in 2016.

The Management Man of the Year award, conferred by the Management Association of the Philippines (MAP), has been awarded to 44 individuals in its five-decade history. — Angelica Y. Yang

PHL banks to face asset quality risks until next year — Fitch

Philippine banks will struggle with risks to asset quality going into the first half of 2021, Fitch Ratings said.

“We expect significant credit stress to persist into at least the first half of 2021, but the significant credit provisions that major banks have set aside in the first nine months of 2019 ill provide some buffers,” Tamma Febrian, Associate Director, Banks-APAC (Asia Pacific) and Willie Tanoto, Director, Banks-APAC at Fitch Ratings said in an email to BusinessWorld.

Fitch said in a report on Monday that risks to the rating outlook hound banks in emerging market economies due to the asset quality deterioration caused by the coronavirus pandemic.

“A high 50% of emerging market bank ratings are currently on Negative Outlook, highlighting the risk of downgrades in 2021,” it said.

The debt watcher last month affirmed the ratings and assigned a stable outlook to BDO Unibank, Inc. (BBB-), BPI (BBB-), Metropolitan Bank & Trust Co. (BBB-) and Philippine National Bank (BB). However, it downgraded its rating outlook for China Banking Corp. (BB+) to negative.

Fitch warned that Philippine banks now need to face the consequence of the high credit growth they were seeing prior to the coronavirus disease 2019 (COVID-19).

“Sustained rapid credit growth often mask asset quality issues, and some of the recently disbursed loans may not have long enough of a repayment history to be sufficiently seasoned and are likely to be tested in the current economic downturn,” Mr. Febrian and Mr. Tanoto said.

Credit growth eased to 2.8% as of September, the slowest in more 13 years or since the 2.4% logged in 2007. This, as banks tightened credit standards while borrowers’ confidence remained low due to the pandemic.

As of end-September, banks’ non-performing loan (NPL) ratio reached 3.4%, a seven-year high since the 3.42 in May 2013, data from the Bangko Sentral ng Pilipinas showed.

Lenders prepared for a weakening in asset quality by setting aside higher allowances for credit losses, which surged 60% year on year to P334.57 billion. This took its toll on the banking system’s earnings, which inched down by 3.61% to P126.782 billion in the first nine months of the year.

The BSP expects the NPL ratio to reach 4.6% by end-2020. It reached 17.6% in the aftermath of the Asian Financial Crisis in 2002.

“The significant increase in NPL balances and ratio in recent quarters indicate that risks are materializing for these weaker borrowers and we think that there is more to come, especially after the debt moratoria lapsed by end of 2020,” Mr. Febrian and Mr. Tanoto said.

In Asia, growth opportunities have started to appear in countries that have better control of the pandemic, such as China and some parts of Southeast Asia.

However, banks in the region continue to suffer from weak operating environments brought about by the economic shock of the pandemic, Fitch said.

“Most banking systems have reported deteriorating asset quality and profitability since the onset of the pandemic, but policy responses have limited the impact so far,” it said.  

Republic Act No. 11494 or the Bayanihan to Recover as One Act provided for a one-time 60-day loan moratorium following the initial debt relief mandated by R.A. 11469 or Bayanihan I. — L.W.T. Noble

Ortigas Land lights up Christmas tunnel

ORTIGAS EAST’S Christmas Street Musical Light Tunnel tradition continues this year, with the theme “Light Up for Our Heroes” dedicated to the frontliners.

In a statement, Ortigas Land said it hopes the Christmas lights display will bring hope and inspiration to the community amid the pandemic.

Located on Central Avenue near Tiendesitas at Ortigas East, guests can enjoy the lights display while Christmas songs are played in the background.

Visitors should observe social distancing guidelines and other safety protocols. Ortigas Land identified areas where visitors can enjoy the best views of the Christmas Street Light Tunnel.

A recording of the lights display is available on Ortigas East’s Facebook page (@OrtigasEastOfficial).

The tunnel is open from 6 p.m. to 11 p.m. every day until Jan. 3, 2021.

1...8,7908,7918,792...14,244Page 8,791 of 14,244
ADVERTISEMENT
ADVERTISEMENT
© 2024 BusinessWorld Publishing.
All rights reserved.
Read our privacy guidelines
Facebook Instagram Linkedin X Youtube