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Blind audition highlight of new competition show

IN 2011, The Voice popularized blind auditions with judges hearing contestants without actually seeing them. If sufficiently impressed, the judges would turn their chairs and see the contestant for the first time. The concept was so popular that it became a franchise — the Philippine has its own version that has been running for several years. This year, ABS-CBN is making a case for a revolving set in Your Moment, where the judges and the audience will switch stages to see contestants perform.

The concept is by ABS-CBN in partnership with Dutch production company Fritz Production.

The show’s contestants — it starts airing on Nov. 9 — will come from all over the world, with contestants from Japan, India, and the Philippines, among others.

The show is a dancing and singing contest where pairs or groups compete in singing or dancing.

The judges — talk show host and talent manager Boy Abunda, and actor/singers Nadine Lustre and Billy Crawford — will mark the contestant on three separate occasions during their performance using an “emotion meter” which will reflect scores — 1 to 10 — in real-time.

“We have a lot of great talents on the show — there’s one group that hasn’t had time to practice before the show but onstage they were amazing,” Mr. Abunda said during a press conference on Oct. 21 at the Dolphy Theater in Quezon City.

The number of talents that joined the show also makes the judging process and the competition itself very difficult.

“This is not for the faint-hearted. Competition is tough,” Mr. Abunda explained.

The show will be hosted by Vhong Navarro and Luis Manzano. — ZBC

RCBC eyes P3B from bonds

RIZAL Commercial Banking Corp. started offering three-year bonds on Monday.

RIZAL COMMERCIAL Banking Corp. is looking to raise at least P3 billion via three-year peso-denominated bonds, part of a fund-raising program that aims to extend the maturity of the bank’s liabilities and strengthen its liquidity ratios.

In a disclosure to the local bourse on Monday, the bank said the bonds, which will mark the third issuance out of its P100-billion bond and commercial paper program, are being offered at a fixed interest rate of 4.426% per annum.

The offer period for the bonds started yesterday and is set to end on Nov. 6. The papers are scheduled to be listed on the Philippine Dealing and Exchange Corp. on Nov. 13.

Standard Chartered Bank was appointed as the sole arranger and book runner for the transaction.

The lender’s Board of Directors approved in July the increase in its bond program to P100 billion from P30 billion.

RCBC first tapped the local bond market in February, issuing P15 billion in ASEAN green bonds. It also issued P8 billion in sustainability bonds in June.

BAYAD CENTER TIEUP
Meanwhile, RCBC said it has inked a deal with CIS Bayad Center, Inc. for the integration of the bank’s digital basic account, lending, and Malayan’s insurance products into the mobile app of Bayad Center.

“The inclusion of bank and insurance products into Bayad Center’s mobile app will enable its over 10 million customer base to have seamless access to basic banking transactions such as savings account opening, loan application, travel, health and personal accident insurance, making basic financial products more accessible and convenient for every Filipino,” the lender said in a separate statement on Monday.

Through the partnership, a cash-in and cash-out facility for RCBC’s Diskartech initiative which offers digital financial services such as micro-insurance, micro-financing, bills payment, as well as gaming e-load will be available in 34,000 Bayad Center touch points. The deal also includes the deployment of the bank’s mobile automated teller machines in 500 Bayad Center Branches which can be used by beneficiaries of conditional cash transfers who need to encash with their card issued by the Land Bank of the Philippines.

Moreover, the tie-up will launch the Bankard-Bayad Center utility credit card which is the first of its kind that can be used for enrollment and automatic payment of customer’s monthly bills.

Over 2,000 billers of the Bayad Center will also be available in RCBC’s mobile app, online banking and Diskartech.

“In compliance with data privacy laws, RCBC will also utilize the alternative credit scoring algorithm for new-to-credit Filipinos enabling Bayad Center app users to quickly avail of affordable and immediate access to credit,” the lender said in a statement, noting that credit conditioning will be done through the consumer’s utility bill payment behavior with their explicit consent.

RCBC’s net profit in the second quarter jumped 31.78% to P1.356 billion from P1.029 billion in the same period in 2018.

The bank’s shares closed unchanged at P25.90 apiece on Monday. — L.W.T. Noble

Alveo hopes Laguna commercial district will attract entrepreneurs, investors

ALVEO LAND, INC. is looking to attract local entrepreneurs and investors to the commercial district of its 120-hectare estate Broadfield in Biñan, Laguna.

Alveo is the lead developer for the Broadfield distrct, which is located a short drive from Laguna’s International Industrial Park and the Laguna Technopark, and is adjacent to the De La Salle University Science and Technology Complex.

It is also close to the area’s automotive factories, and the manufacturing plants of Nestlé Philippines, Inc. and Coca-Cola Beverages Philippines, Inc., among others.

Alveo allocated 80 hectares for the commercial and mixed-use district, while 40 hectares is for residential subdivisions Venido and Aveia which have previously been launched.

For the first phase, Alveo is offering 36.6 hectares for commercial use, composed of 35 lots sized from 1,324 square meters (sq.m.) to 2,915 sq.m. The commercial district is located on the northwestern part of the estate.

“Broadfield’s location sets it at the heart of South Luzon’s thriving residential, leisure, industrial and manufacturing center. We have a well-designed master plan that applies the best practices of Ayala Land in property development. This district will be innovative, sustainable and progressive,” Alveo Land Chief Operating Officer Rufino Gutierrez said in a statement.

Alveo sold P2.8 billion worth of commercial lots on the first day of its sales launch.

In a briefing, Mr. Gutierrez said most buyers are local investors and entrepreneurs. He noted companies are planning to put up office buildings in the area.

“From the first day of selling, we have people from different industries. Most are from real estate and construction. We also have a couple from the pharma[ceutical] industry. We also have automotive and agricultural industries,” he said.

Turnover of the first phase is expected by 2023.

Ten percent or around eight hectares of the estate is allocated to parks and open spaces, while the streetscapes will have bike lanes and shaded pedestrian walkways.

As part of the estate’s sustainability efforts, Broadfield will have its own storm water management system and detention ponds for rainwater collection, solar and alternative energy sources for lighting, efficient waste reduction systems, and energy and water-efficient fixtures.

Alveo said Broadfield’s commercial locators will be required to comply with the Philippine Green Building Code.

Broadfield is currently accessible through the South Luzon Express Way (SLEX), but will also be reached through road networks currently in construction, including the Cavite-Laguna Expressway (CALAX) and the Cavite-Tagaytay-Batangas Expressway (CBTex). — J.P.Ibañez

TV5 to add entertainment programs

TV5 Network, Inc. will be adding more entertainment programs “next year” to attract more viewers, TV5 and CignalTV President and Chief Executive Officer Jane J. Basas said on Monday.

Asked if the network is planning to review its programming, Ms. Basas replied: “We are… So what we want to do is to really maximize the other blocks in our daily grid to make sure that it appeals to more and more customers.”

“Certainly not this year. This year is really a review of what has happened in the past. A review of what has worked and what has not. Most likely next year. Not even early first quarter,” she told reporters on the sidelines of the Smart “Get Gold!” launch event in Makati City on Monday.

Ms. Basas said the network’s strengths are its sports and news programs.

“We will stay that way,” she said, adding that the contract to air Philippine Basketball Association (PBA) games remains one of the company’s most profitable investments.

“Right now we do have the primetime dedicated to sports and that will stay. News will also have to stay at the current block, but everything else, from morning to late night, is open to entertainment,” Ms. Basas said.

Ms. Basas said the company’s financial performance has been improving.

“TV5 has improved on a year on year basis. In terms of losses, we have been able to manage the losses again because the decision to go into sports has actually allowed us to become more efficient on how we program the grid,” she said.

TV5 Network primarily broadcasts sports and news programs, through ESPN and News5. Its franchise was first granted in December 1994, under Republic Act No. 7831.

The network’s franchise was renewed for another 25 years after Republic Act (RA) No. 11320 lapsed into law on April 22, 2019, without President Rodrigo R. Duterte’s signature.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arjay L. Balinbin

Sorry Scorsese, but superhero movies are art

By Stephen L. Carter, Bloomberg Opinion

I RECENTLY saw Joker, the controversial film detailing the origin of comicdom’s best-known villain. The movie was both engrossing and exhausting. I can’t remember the last time I witnesses an audience so stunned that it exited the theater in perfect silence. Though afterward I pondered many issues Joker raised, I never wondered whether the film counted as actual cinema.

Yet according to two of the greatest directors of all time, that’s the question I’m supposed to be asking.

“That’s not cinema,” says Martin Scorsese. His target is the Marvel Cinematic Universe, but by extension he is describing superhero movies generally, and perhaps the larger world of sci-fi, horror, apocalypse, and fantasy that rakes in the big-screen money nowadays. “It isn’t the cinema of human beings trying to convey emotional, psychological experiences to another human being.”

His longtime friend Francis Ford Coppola essentially agrees: “Martin was kind when he said it’s not cinema. He didn’t say it’s despicable, which I just say it is.” Marvel, says Coppola, just makes “the same movie over and over again.” Why isn’t it cinema? Because from cinema, “we expect to gain something, some enlightenment, some knowledge, some inspiration.”

Certainly the success of superhero movies renders them fair subjects of criticism. To borrow from George Eliot’s attack on Charles Dickens, they are “not entitled to the protection of insignificance.” And the opinions of heavyweights like Coppola and Scorsese deserve weighty consideration.

Yet one wonders why exactly we must travel this bumpy road again. Back in 2012, noted horror director David Cronenberg called superhero movies “adolescent.” As for those lavishing praise on Christopher Nolan’s trilogy of Batman movies, Cronenberg declared “I don’t think they know what the f— they’re talking about.”

We see the same vituperation in other fields of art. One need only recall the late literary critic Harold Bloom’s vehement denunciation of Stephen King upon the occasion of the latter’s receipt of an award from the National Book Foundation in 2003. Perhaps King is seen as the literary equivalent of superhero movies. A cottage industry of critics lobs attacks his way with some regularity.

One way to look at such contretemps as these is that we simply see artists trying to police the boundaries of their craft. This artists have done since time immemorial — and since time immemorial, the answer has been the same. As Leo Tolstoy noted in his monograph “What is Art?” the task of classification creates serious risks: “If we exclude from the domain of art all that to which the critics of various schools themselves deny the title, there is scarcely any art left.”

But I suspect that there’s more going on here. The media reports have not quite found the right frame. Coppola, for instance, isn’t new to this battle. Properly understood, his attack isn’t really on any particular movies. It’s on the executives who decide which films get the green light. A few years ago, in a wide-ranging interview with the journalist Aristan Anderson, Coppola identified true art with risk. Commercialism was the enemy: “You try to go to a producer today and say you want to make a film that hasn’t been made before; they will throw you out because they want the same film that works, that makes money.”

The true distinction Coppola is drawing is between projects that earn out and projects that don’t. He would prefer a system in which films could be made without regard to their prospects for commercial success. To be an artist is, in this sense, to create something new.

That’s where the risk comes in.

By this logic, the filmmaker who submits to the studio’s demands for “the same film that works” might be successful, but is not an artist. The claim is familiar across genres. John Updike famously dismissed the writer who writes for money as “a vulgarity.” The idea is that if the artist creates art for money, then the driving force of creation is something other than the artist’s own creative imagination. Having the wrong motivation makes art less pure.

I’m not so sure. The 19th century Shakespearean scholar Horace Howard Furness stated flatly that the Bard wrote Titus Andronicus, his first tragedy, for the money. Donatello’s bronze David, one of the great sculptures in history, was likely created at the behest of banker Cosimo de’ Medici. The exquisite string quartets that make up Beethoven’s Opus 18 were commissioned by Prince Lobkowitz of Bohemia. Yet no one will deny the status of any of these as art.

This doesn’t mean we can’t draw distinctions. We simply have to be careful about how. The fact that a painting isn’t good enough to hang on a museum wall need not deny its status as art. The art in the museum is just better.

This brings us back to Joker. It’s hard to deny that the film (to borrow Scorsese’s definition) concerns “human beings trying to convey emotional, psychological experiences to another human being.” It’s this very quality that has led some critics to complain that the viewer is “almost tricked into” sympathizing with an essentially monstrous character who “could be taken as an avatar for the incel movement.” But generating empathy for a foreign and even offensive point of view isn’t a trick; it’s part of what art is supposed to do. It’s when we make the mistake of judging quality by whether a work affirms the worldview we held before experiencing it that we really do wind up seeing, as Coppola said, “the same movie over and over again.”

One can find virtue in multiple forms. I consider François Truffaut’s masterpiece Day for Night one of the greatest films ever made. I am second to no one in my admiration for The Godfather. (And if you ever want to play Godfather trivia, I will spot you two points and still win.) But I also consider Joker to be serious, thoughtful filmmaking, and Black Panther to be a magnificent artistic achievement.

No, I’m not saying that any superhero movie belongs in the pantheon of greatest-ever-made. But I still think they’re cinema and can be very fine cinema indeed. Maybe I’m a lowbrow. Sue me.

LANDBANK net profit climbs 23% in Q3

LAND BANK of the Philippines’ (LANDBANK) net income climbed 23% year-on-year to P13.97 billion in the third quarter from P11.36 billion a year ago, putting it on track to meet its full-year profit goal of P16.64 billion.

LANDBANK said in a statement on Monday that its third-quarter profit was also higher than its P12.48-billion target for the period.

This translated into a return on equity of 13.41%, while net interest margin stood at 3.41%.

“We continue to grow LANDBANK’s financial position as the bank’s profitable operations allow us to consistently drive support for our priority sectors, especially farmers and fishers,” LANDBANK President and Chief Executive Officer Cecilia C. Borromeo was quoted as saying.

The state-owned lender said its income from loans jumped 50% on the back of higher yield and growth in its loan portfolio which climbed to P869.31 billion as of end-September from P838.75 billion in the same period in 2018.

LANDBANK’s total assets went up 11% to P1.96 trillion as of September from P1.77 trillion in the same period a year ago.

This, as deposits grew 11% to P1.74 trillion at end-September from P1.57 trillion last year, while capital climbed 16% to P144.87 billion from P124.88 billion in the same period in 2018.

The lender said it remains to be the biggest lender to the agriculture sector with gross loans to the sector totalling P227.55 billion as of end-September.

This total includes some P41.25 billion disbursed to small farmers which include agrarian reform beneficiaries, fishers, and their associations; and P186.29 billion which went to other players in the agribusiness value chain.

“LANDBANK remains largely compliant with the Agri-Agra Credit Law, with 21.74% compliance with the prescribed allocation for agrarian reform credit and 429.29% compliance for other agricultural credit as of September 30 this year,” the bank said.

Republic Act 10000 or the Agri-Agra Reform Credit Act requires banks to allot at least 10% of its total lending portfolio to agrarian reform beneficiaries and 15% to farmers and fisherfolk. — L.W.T. Noble

Design Excellence Awards launched

UNITED Architects of the Philippines (UAP) has relaunched the Design Excellence Awards (DEA) to honor architectural masterpieces in the country.

The call for entries is open to all Filipino architects. Awards will be given under four categories — Residential, Commercial & Industrial, Institutional, and Complex-type Architecture. A People’s Choice award will be based on public voting during the online publication of all short-listed entries.

“The comeback of DEA from its initial conception in 1995, is a renewed challenge to all architects in the country today to show the world how architecture uplifts quality of life, economic opportunity, environmental preservation, sustainability, and cultural identity in ways that are truly befitting of the Filipino people,” UAP said in a statement.

Judges include three LIKHA awardees, one guest foreign architect for the year, and one non-architect representative from the Cultural Center of the Philippines (CCP) or the National Commission for Culture and the Arts (NCCA).

The awards will be announced in March 2020 during the Design Excellence Awards Celebration when the UAP celebrates its 45th founding anniversary.

Atlas Mining swings to profit in Q3

ATLAS Consolidated Mining and Development Corp. swung to a profit in the third quarter, as it recorded higher revenues from increased production and shipments.

In a regulatory filing, Atlas Mining reported its net income stood at P20.71 million during the three months ending September, from a net loss of P561.24 million recorded in the same period last year.

Third-quarter revenues grew 32% to P4.235 billion. Broken down, copper revenues jumped 20% to P3.681 billion, while gold revenues rose 104% to P769.418 million. However, sales from silver slipped 33% to P426,000.

For the first nine months of the year, Atlas Mining said it trimmed its net loss by 94% to P44.823 million from P782.648 million reported in the same period last year.

“Revenues increased by 18% from P11.03 billion to P13.03 billion on the strength of higher production and shipment volumes that tempered the impact of lower copper prices,” the listed mining company said in a separate statement.

Copper revenues went up by 13% to P11.103 billion during the January to September period, while gold revenue increased by 49% to P1.922 billion. Silver revenues grew 51% to P2.154 million.

Atlas Mining said the higher shipment and production volumes offset the decline in the nine-month average price of copper by 9% to $2.3 per pound. On the other hand, the average price of gold went up 7% to $1,367 per ounce.

Wholly owned subsidiary, Carmen Copper Corp., continued to show improved operations.

Copper metal production rose by 29% to 81.54 million pounds, while gold production surged 43% to 28,704 ounces so far this year.

“With sustained production, copper concentrate shipped in the three quarters increased by 30% from 113,218 tons to 146,786 tons. Copper metal content increased by 29% to 83.45 million pounds and gold content increased by 38% to 26,716 ounces,” it said.

Shares in Atlas Mining added 0.03 centavos to close at P2.55 each on Monday. — Vincent Mariel P. Galang

A veritable masterpiece

The Legend of Heroes:
Trails of Cold Steel III
Sony PlayStation 4

IT’S A testament to the intrinsic pull of The Legend of Heroes series that noted videogame developer Nihon Falcom proudly disclosed production on the third installment in the Trails of Cold Steel subset during its 2015 stockholders meeting. The optimism accompanying the announcement was likewise due in large measure to the potential of the title to push the franchise’s foray into current-generation consoles. Needless to say, the Tachikawa-based company deemed its bullishness merited; after all, the first two releases in the Erebonia arc proved to be critical and commercial hits, and there was little reason to believe that the next one would not be as successful.

Parenthetically, Nihon Falcom’s plans for The Legend of Heroes: Trails of Cold Steel III involved the expansion of the sequel’s reach beyond Japan. To ensure the efficient allocation of resources in the attainment of its growth objective, it thought to forego the creation of a version for the PlayStation Vita; as popular as the portable gaming device remained in the land of the rising run, interest just about everywhere else around the world waned. And, true enough, it formalized its intent and confirmed the title’s status as a PlayStation 4 exclusive by the time it met its shareholders anew.

Nihon Falcom knew the change in tack was a risk, but one it was willing to take in an effort to widen the scope — and minimize, if not altogether eradicate, restraints in, and constraints on, the presentation — of The Legend of Heroes: Trails of Cold Steel III. For those directly involved in the production process, there was simply no better way — or, to be more precise, no other way — to appreciate the final output than on the PS4. They had grandiose designs, and, the yeoman’s job the Vita did in hosting the first two installments notwithstanding, they were convinced the handheld would no longer be up to the task in seeing those designs through.

As things turned out, Nihon Falcom was right to keep its focus on the PS4. The Legend of Heroes: Trails of Cold Steel III now in gamers’ hands is nothing short of outstanding. And, for those from the outside looking in, it would have been unable to realize its creative vision were it compelled to include the Vita in the development process. The finished product is a technical marvel that requires considerable hardware resources, and would, in fact, be best appreciated when taken for a spin on the PS4 Pro; the base model tries, but often struggles to pass even eye and ear tests.

Given the richness of the lore surrounding The Legend of Heroes series, Nihon Falcom deserves props for making the latest installment of the Erebonia arc easy to pick up by relative newcomers. In this regard, the script is finely tuned and attuned to the needs of the less aware. Apart from a concise summary that brings gamers up to speed on events that occurred in Trails of Cold Steel I and II, it provides interactions between the characters that deftly give the lay of Trails of Cold Steel III’s land, so to speak. And, crucially, it does so in such an unobtrusive way that those already steeped in the history won’t feel as if they’re obliged to sit through tons of exposition.

Needless to say, there can be no discounting the work NIS America has done to come up with an eminently laudable localization of The Legend of Heroes: Trails of Cold Steel III. With XSeed having been responsible for the flawless English translation of Trails of Cold Steel I and II, it faced not insignificant pressure to keep up with existing quality standards. And for all the criticism it absorbed for its far-from-unimpaired efforts in bringing Ys VIII: Lacrimosa of Dana, the latest release in Nihon Falcom’s other revered franchise, to the West, it succeeded in its endeavor. All the I’s are dotted, all the T’s are crossed, and not a sole punctuation mark is out of place. More importantly, the narrative flavor is retained in the transition from extremely nuanced Japanese to highly literal English.

And what a story The Legend of Heroes: Trails of Cold Steel III heralds. Picking up a year and a half from where Trails of Cold Steel II left off, it finds principal protagonist Rean Schwarzer taking on his new job as instructor in Thors Military Academy. He’s charged with mentoring Class VII composed of Juna Crawford, Kurt Vander, and Altina Orion, but away from the main campus, for reasons he will later understand. Through interactions between the leads and with non-playable characters in and about the town of Leeves, the plot is fleshed out and motivations manifest themselves.

The end of the civil war found Erebonia becoming much bigger than the Republic of Calvard, its erstwhile rival. Schwarzer’s critical role in bringing about the current state of affairs initially brings about distrust within his class. Among those annexed by imperial rule is Crossbell, from where Crawford hails. Vander is part of a celebrated military lineage just relieved of its previously prominent duty as protector of the first family. Orion saw action in the frontlines. After a trial that forces them to reexamine their sentiments, however, they wind up forging a bond that figures to grow deeper over time.

As is typical of the series, The Legend of Heroes: Trails of Cold Steel III unfolds at a deliberate pace. And because the storyline focuses on the Branch Campus, even gamers already having devoted hundreds of hours to Trails of Cold Steel I and II will find plenty of new things to uncover. In school, interactions serve to deepen relationships. Outside its walls is a clearer picture of post-war proceedings. From the suburbs of Heimdallr in Central Erebonia to Crossbell in West Zemuria, change is portrayed through the eyes of citizens of the republic determined to restore a semblance of normalcy to their lives.

Progression in The Legend of Heroes: Trails of Cold Steel III is counted in days, but its sheer depth and the ample support provided by well-produced cutscenes lead to immersive gameplay. And, soon enough, Schwarzer and Company are thrust in battle. Not surprisingly, the superb combat mechanics in previous installments are retained save for a handful of improvements, among them the Brave Order system which grants the party of four hot-swappable characters collective offensive and defensive benefits. It faces the enemies in turn-based fashion, during which gamers can choose to improve field positioning, make use of items on inventory, or launch attacks. And, yes, certain instances again lend to mechanical warfare by way of Deus-Excellion and Panzer Soldat weaponry.

Four difficulty options are on tap, but it bears noting that The Legend of Heroes: Trails of Cold Steel III also has a Nightmare Mode that lives up to billing. As in all but the most crucial elements, gamers are given the option to speed up play. Most cutscenes can be skipped, and enabling Turbo Mode allows for accelerated combat phases and traversal of field areas and dungeons. In any case, at no point will the effective “rushing” compromise comprehension of the overarching narrative. Significantly, there’s also plenty for those so enjoined to stay on the other extreme of the spectrum. Side quests for bonuses abound. Vantage Master is, for all intents, a full-fledged deck builder, amping you’re stakes for in-game collectors. And, for good measure, fishing is back and still eminently enjoyable.

To be sure, it helps that The Legend of Heroes: Trails of Cold Steel III provides ample eye and ear candy. It’s a visual marvel that boasts of vibrant colors and sharp detail, especially on a PS4 Pro attached to a screen capable of rendering 4K resolution. Else, it’s at a solid 1080p, and only in a few instances did it fail to run at a steady 60 frames per second. At the same time, it manages to retain its usual high standards for sound; the music is memorably fitting for the occasion, with smooth rhythms accompanying expository sequences and louder themes at the ready for adrenaline-pumping engagements. Voice acting isn’t always present, but it’s rock solid on all the important parts, benefitting immensely from the return of — and experienced provided by — most actors in the series.

In sum, The Legend of Heroes: Trails of Cold Steel III is a veritable masterpiece designed to get gamers lost in its world of interest and intrigue. It’s both intimate and grandiose, darker than Trails of Cold Steel I and II but likewise deeply affecting. It can last anywhere from 70 to north of a hundred hours, but, regardless of the time spent awash in its splendor, it culminates in a twist that ably earns its shock value. And therein lies what is, perhaps, its only lasting negative: the inevitable — and, under the circumstances, seemingly interminable — wait for Trails of Cold Steel IV. Highly recommended.

THE GOOD:

• Outstanding storyline culminating in a twist

• Impressive visuals and music and voice tracks

• Retains intricate combat system, with incremental improvements

THE BAD:

• Occasional frame drops

• Small text during combat

• Pace can be plodding to start

RATING: 9/10

POSTSCRIPT: As a turn-based role-playing game with a grandiose storyline, Battle Chasers: Nightwar appears more fit for consoles or personal computer systems. All the same, Handy Games succeeds in porting the iteration of noted artist Joe Madureira’s fantasy comic-book series over to iOS devices without hardly any noticeable compromises. It certainly starts off big, with an engrossing cinematic setting up the premise. Principal protagonist Gully and airshipmates Garrison, Calibretto, Red Monika, and Knowlan find themselves stranded in a mysterious island after being shot down by unknown forces. A wealth of mana in the area subjects them to hordes of enemies, and their efforts to stay alive while finding out the reasons for their predicament form the crux of the narrative.

Controls and feedback are slick and fast on both mobile phone and tablet. Battle Chasers: Nightwar requires movement over a significant area, and screen taps along the overworld and inside dungeons are nothing if not responsive. Random encounters during exploration phases or specific quests abound, and difficulty spikes can be jarring. Thusly, grinding becomes a must in order for the characters to level up their skills and abilities. And while only three at a time can participate in combat, all will have to be in the rota to keep the party balanced. Battle gauges fill up to unlock on demand individual and group attacks that magnify their power.

On the whole, Battle Chasers: Nightwar packs a wallop, featuring an art style that stays true to its source material, a soundtrack that succeeds in setting the proper moods, and tons of action within a compelling plot that ties everything together. And it’s technically efficient as well; graphical options abound, allowing gamers to go for high-resolution settings under optimal conditions or select lower ones to prolong battery life. In any case, they can save their progress, quit the game at any time, and pick up from where they left off whenever they want. In short, it’s perfect for gaming on the go. At $9.99, it gives ample bang for the buck.

THE LAST WORD: Sturmwind EX will be out on the Nintendo eShop next month. As the improved and updated version of the shoot ‘em up released on the Sega DreamCast six and a half years ago, it offers up to 16 levels of button-mashing mayhem. Even the difficulty settings are decidedly retro: progress on Mission Mode can be saved only upon completion of each stage. And for the most masochistic of gamers, there’s the Arcade Mode, which lays the game out in six phases with absolutely no continues.

PBB earnings go up in first nine months

PHILIPPINE Business Bank’s (PBB) net income rose in the first nine months of the year on the back of the expansion of its core businesses, it reported yesterday.

The Yao-led bank’s net earnings jumped by 67.9% to P1.024 billion from January to September against the P610.2 million it recorded during the same period last year, it said in a disclosure to the local bourse on Monday. It did not provide third-quarter financial results.

PBB President and CEO Rolando R. Avante attributed the increase in the bank’s profit to the one-time gain from its consolidation with Insular Savers Bank (ISB) this year as well as the “favorable” market conditions.

“The bank’s interest differential business showed robust profitability as interest rates continued to stabilize. PBB was also able to capitalize on a favorable treasury trading environment,” Mr. Avante was quoted as saying.

As of September, PBB’s net interest income increased 18% to P3.22 billion from P2.73 billion in the same period in 2018.

Total loans and receivables inched up by 4.98% to P84.3 billion from the P80.3 billion during the same period last year.

PBB’s total deposits stood at P88.5 billion, P8.8 billion higher from a year ago, while its low-cost funds grew by 27% to P37.8 billion from last year’s P29.8 billion.

Its core income also went up 24.1% to P1.334 billion from P1.075 billion a year earlier.

The bank’s total resources stood at P108.6 billion at end-September, increasing by P12.3 billion from the year-ago figure.

Meanwhile, shareholder’s equity stood at P12.7 billion with a book value per share of P18.75 net of preferred shares.

Its annualized return on average equity and return on average assets stood at 11.36% and 1.34%, respectively.

“While our profits in the last nine months are supplemented by a one-time gain on the consolidation of ISB, the strong interest differential business the Bank has been developing continuous to drive our profit numbers. Over the last five years, we have grown our assets by 15.3% and our net book value per share by 10.6%,” Mr. Avante said.

“The bank’s branch expansion will continue as we enlarge our nationwide distribution footprint. The bank’s continuing upskilling of its account management culture should assist in increasing our fee-based income. We also remain opportunistic with regard to the bank’s inorganic growth initiatives,” he added.

PBB shares closed at P12.70 apiece on Monday, down 0.78% or 10 centavos. — B.M. Laforga

Amaia expands in Bacolod

AMAIA LAND is launching a new condominium project in Bacolod City, Negros Occidental.

The affordable housing unit of Ayala Land, Inc. is developing Amaia Scapes North Point, which offers studio and deluxe residential units.

This month, Amaia Scapes introduced a new modern unit series called the Townhome, which has sizes ranging from 45 to 80 square meters (sq.m.) and Bungalow Pod New Gen, which are sized from 60 to 85 sq.m.

The 3,625-sq.m. project is located along San Juan St., Barangay 8, Bacolod City. Residents will have easy access to commercial and medical establishments, transport stations, and an upcoming ALI commercial development. Bacolod-Silay International Airport is just 13 kilometers away.

Amaia Scapes North Point’s facilities include a swimming pool, a children’s pool plus play area, landscaped garden, and a multi-purpose venue for the use of residents and their guests. It also has 102 parking slots.

Cebu Pacific, AirAsia launch new domestic routes

LOW-COST carriers Cebu Pacific and Philippines AirAsia, Inc. started operating new domestic flights.

The Gokongwei-led Cebu Pacific launched a direct flight between Cebu and Busuanga, which is the gateway to Coron, Palawan.

The operation of the Cebu-Busuanga flights is being carried out by Cebu Pacific’s wholly owned subsidiary Cebgo.

“The first flight departs Cebu at 7:25 a.m., and arrives in Francisco B. Reyes Airport at 9:00 a.m.; while its return flight leaves Busuanga at 9:20 a.m. and arrives in Cebu at 11:00 a.m.,” Cebu Pacific said in a statement on Monday.

“The second flight leaves Cebu at 10:25 a.m., and lands in Busuanga at 12:05 p.m.; while its turnaround flight departs at 12:25 p.m. and arrives at 2:10 p.m.,” it added.

Apart from the new Cebu-Busuanga route, Cebu Pacific, along with Cebgo, flies to 37 domestic and 27 international destinations.

Meanwhile, Philippines AirAsia started offering its thrice-daily service between Manila and Bacolod on Monday.

For the Manila-Bacolod route, the first 80-minute flight will depart Ninoy Aquino International Airport at 8:20 a.m., and the last one will depart Bacolod at 9:30 p.m.

“We are excited to celebrate this milestone and to paint the Negros Island skies red. AirAsia’s presence in the region will make air travel more affordable not just for Negrenses but for everyone who wants to explore this part of the country,” AirAsia Philippines Chief Executive Officer Ricardo P. Isla said during the inaugural ceremony at the Bacolod-Silay International Airport on Monday morning.

Bacolod is the 11th domestic destination that AirAsia Philippines operates out of Manila. Overall, the carrier has more than 500 domestic and international flights weekly coming from its hubs in Manila, Clark, Cebu and Kalibo. — Arjay L. Balinbin