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Century Pacific signs deals to export products to Russia

CENTURY PACIFIC FOOD, Inc. signed $12.57-million worth of new deals with four Russian food firms to export its tuna, sardine and coconut milk products to the country.

In a disclosure to the stock exchange yesterday, the company said it signed separate memoranda of understanding with food retailer Magnit Food Retail Chain, dairy supplier Dalimo and canned seafood distributor LLC Dalpromryba to supply tuna and sardine products to the companies. It also signed a deal with agriculture crop manufacturer Panasia Impex Co. Ltd. for its coconut milk products.

“Russia is an attractive market for us because of its large, increasingly affluent, and highly educated population,” CNPF Chief Operating Officer Gregory Francis H. Banzon was quoted as saying in the statement.

“The supply agreements will help us build a global consumer base for our flagship brand Century Tuna, which is already gaining traction abroad, and grow as well our emerging coconut milk business,” he added.

The deals made with the Russian companies were among the business agreements made when President Rodrigo R. Duterte visited the country earlier this month.

Cabinet Secretary Karlo Alexei B. Nograles said having such agreements made during the presidential visit is proof of the government’s support for tuna producers to expand its foreign market.

“The trip of the President was very productive, and these agreements were one of many that will benefit Philippine business interests, especially those that are based in Mindanao,” he was quoted in the statement as saying.

The country is currently the top exporter of tuna in Spain, Germany and Britain, with annual tuna exports reaching 171,452 metric tons worth $492 million.

Century Pacific posted a net income of P1.71 billion in the first six months of the year, 8.78% higher from in the same period last year, as revenues increased 5.77% to P19.61 billion due to the high demand for its food products Century Tuna, 555 and Birch Tree. — Denise A. Valdez

The new MoMA is all about surprise

By James Tarmy, Bloomberg

WALKING THROUGH near-empty galleries of the expanded Museum of Modern Art (MoMA) in New York on its first day of press previews, I experienced serendipity at the MoMA for the first time ever. I turned a corner and stumbled across a vitrine with Meret Oppenheim’s fur cup from 1936 in front of Frida Kahlo’s from 1940; I walked to the left and was suddenly in front of Henri Matisse’s superstar work, Dance (I), from 1909.

It’s a combination of paintings, sculptures, and time periods that could never have existed in the old MoMA, where chronology and media were rigidly enforced. Visitors would walk from one gallery to the next as the museum’s slow, steady interpretation of modernist art history chugged onward.

“We want gallery goers to move in different directions and to determine their own paths,” says Liz Diller, a partner in the architecture firm Diller Scofidio and Renfro, who, with the megafirm Gensler, designed the museum’s $450 million renovation and expansion. “The institution shouldn’t prescribe everything for you. I personally feel like having more agency, having an ability to interpret things myself and stop — go backwards or forwards — is a good thing.”

This sounds fairly simple to achieve: Don’t put galleries in a one-directional loop. Yet it eluded architect Yoshio Taniguchi in the 2004 extension of MoMA. He created a visitor experience similar to being at a no-reservation Sunday brunch: you were either waiting for people to get out of the way or acutely aware that other people wanted you to do the same. Quiet contemplation was out of the question.

The 47,000-square-foot expansion has upended that assembly-line sensibility by pulling the focus — and visitor flow — away from what used to be the museum’s core; Diller says they opted to keep the addition’s ceiling heights the same as those in existing galleries in order to “expand all those spaces, and to not make it feel like an abrupt change,” she explains. Total gallery space after the expansion is 166,000 square feet.

The museum will officially reopen on Oct. 21 with a permanent-collection-only show that encompasses the whole building. Much has been made, by both curators and critics, of the fact that this is the first time that MoMA has upended a rigidly chronological approach to modernism, choosing instead to pair artworks based on aesthetic similarities (or dissonances), thematic parallels, or formal preoccupations.

“These are not random juxtapositions, these are carefully thought-through conversations that we are trying to enable,” says Glenn Lowry, the museum’s director. “Part of it is in order to arrive at a reasonable balance between the collection that’s in storage — about 200,000 works of art — and the collection that’s on display, which is roughly 2,500 works of art.”

For museum goers who either can’t find — or aren’t interested in finding — these conversations, wall text does a lot of the heavy lifting. In the “Transfigurations” room on the second floor, the opening text informs us that “The works brought together in this gallery suggest a dialogue between artists across nations and generations who have reimagined how women might be represented.” In the “In and Around Harlem” room on the fourth floor, readers will learn that “The fusion of art and politics defines these artists’ contributions to the traditions of figurative art in the twentieth century.” And even though the text can occasionally get jargon-y (“Architectural projects were conceived of as interactions of variable components that would allow for change over time,” reads the text in the fourth floor’s Architecture Systems room), they’re largely useful and user-friendly.

Close scrutiny of this new, hybrid approach to curation yields some sublime juxtapositions. On the third floor, for instance, there’s a Lewis Hine photograph from 1908 titled Sadie Pfeifer, a Cotton Mill Spinner, Lancaster, South Carolina, which depicts a very young girl working in a factory; it’s hung next to dreamy 1895-6 painting by Édouard Vuillard of a bourgeoise woman in her living room, working on a lap loom. It’s not a subtle comparison, but it’s effective.

Or on the fifth floor in a gallery devoted to “new expressions in Germany and Austria,” two monumental stone figures from 1911 and 1913 by Wilhelm Lehmbruck are surrounded by portraits by Egon Schiele, Oskar Kokoschka, and Gustav Klimt. Not only were these artists contemporaries, they collectively chose to elongate, and arguably, emaciate the human body. In the old museum layout, such an obvious and interesting combination of painting and prints and sculpture would be extremely rare.

Still, for all its successes, the museum’s strategy has more than a few stumbles. It turns out that putting two artworks in a room together does not guarantee “dialogue,” just as one person shouting in French and another person whispering in English is not, in fact, a conversation.

Take Picasso’s 1905-6 Boy Leading a Horse, one of the artist’s masterpieces and a cornerstone of the museum’s collection.

Why put Louise Bourgeois’ wooden cluster of abstract, painted totems Quarantania I, from almost a half-century later, next to it? The wall text doesn’t help. Rather than justify the sculpture’s presence, it stretches to associate the work with another Picasso, Les Demoiselles d’Avignon, which is on the far side of the room.

Similarly, the charming Portrait of My Mother from 1926 by the eccentric modernist Florine Stettheimer is paired with Bitches Brew, an abstract collage from 2010 by the boundary-pushing contemporary German artist Jutta Koether, presumably because one includes a woman in a dress, and the other includes deconstructed elements of fancy dress. If that’s where their similarities end, the pairing isn’t as much a “conversation” as it is word association.

The good news is that the permanent collections will constantly be rehung — 30% of the objects will be changed every six months. It’s part, Lowry says, of the museum’s continual evolution.

“We’re about to be 90 years old, and we’ll have undergone nine major moves and expansions,” he says. “Every decade something changes, and that’s given us our DNA.”

Despite the exhibition’s flaws, the museum’s identity is clearer and more compelling than it’s been in decades. The expansion is a genuine step forward, rather than a mere augmentation of what’s already there. So what’s next?

“The only thing I know,” Lowry says, “is the 10th [expansion] won’t be me. Someone will come along and almost certainly say: ‘Whatever they did in 2019, we need to do something different in 2029.’”

MRT-3 deploys one China-made train set

THE METRO RAIL Transit Line 3 deployed one Dalian train set equivalent to three train coaches yesterday. — BW FILE PHOTO

THE METRO RAIL Transit Line 3 (MRT-3) was set to deploy on Tuesday one China-manufactured train set, which is equivalent to three train coaches and can carry 1,050 passengers per trip.

“Starting today, 15 October 2019, one Dalian train set will hit the tracks of MRT-3 mainline during evening off-peak hours, from 8:30 p.m. to 10:30 p.m.,” the Department of Transportation (DoTr) said in a statement on Tuesday.

This comes after Sumitomo Corporation—Mitsubishi Heavy Industries Ltd. (MHI)—TES Philippines, Inc. (TESP), the maintenance provider of the MRT-3, approved last Monday the limited deployment of one train set from CRRC Dalian Company Ltd.

“The said consent indicates that the train set will be deployed for an initial trial period lasting up to when the maintenance provider begins its rail replacement works in November 2019,” the DoTr said.

The agency said officials from the maintenance provider and the DoTr MRT-3 are currently discussing the “technical considerations, especially when rail replacement works ramp up in the next few months.”

The Japan International Cooperation Agency (JICA), which funds the development of the Philippine railway system including the MRT-3, has given its concurrence to the Dalian Trains Agreement with Sumitomo, the DoTr also said.

“Currently, three Dalian trains (9 train coaches) sets have already completed the necessary commissioning and validation tests including the 150-hour run. Each Dalian train set has a three-car configuration that can carry 1,050 passengers per trip,” it said further.

Asked why the new train set is only operational during evening off-peak hours, DoTr Assistant Secretary Goddess Hope Oliveros-Libiran told reporters via Viber: “We are balancing the requirements for fixing the degraded existing system and on the other hand, expanding capacity with the addition of Dalian trains. The reason for that is because capacity is not just additional trains. Capacity is also faster speed and shorter headways, which require us to rehabilitate the tracks and fix and upgrade the signalling system.”

She added that there’s no hesitation on the part of Sumitomo to use the Dalian trains. “There’s no hesitation. Sumitomo just needs to study how to operate the Dalian trains,” she said.

Also on Tuesday, the DoTr MRT-3 said a street vagrant died after he jumped over and fell at the inter-station of tracks of Buendia and Ayala at 12:16 in the afternoon.

The train movement was shortly regulated and went back to normal at 2:47 p.m.

“The matter was addressed by concerned MRT-3 personnel, medical personnel, and police authorities,” the DoTr MRT-3 said. — Arjay L. Balinbin

Gov’t fully awards 5-year bonds

Bureau of Treasury (BoT)
THE TREASURY made a full award of the five-year bonds it offered on Tuesday.

THE GOVERNMENT fully awarded the fresh five-year Treasury bonds (T-bond) it offered during its auction yesterday, even opening its tap facility to accommodate excess demand from investors.

The Bureau of the Treasury (BTr) raised P20 billion as programmed from its T-bond offer on Tuesday, with total tenders reaching P63.2 billion or more than three times the initial offer.

The five-year papers fetched a coupon rate of 4.25%, which was 122.5 basis points (bp) lower compared to the 5.452% average rate fetched during the previous issuance of fresh five-year papers back in March 6, 2018.

This prompted the BTr to open its tap facility for another P10-billion offering following the huge demand from investors, as well as to fill the gap from the bid rejections they made during previous auctions.

“Given the huge demand in today’s auction, we saw that there are a handful of bids unserved at the 4.25% level so we decide to open the tap for P10 billion… And one other reason is we would also like to cover for past rejections just to fill in that hole in the previous auction,” Deputy Treasurer Erwin D. Sta. Ana told reporters after the auction on Tuesday.

The government last offered five-year T-bonds on Nov. 21 last year, where it auctioned off P15 billion in reissued papers with a remaining life of four years and three months. It made a full award of the offer. The bonds, which carry a coupon of 5.5%, were issued at an average rate of 7.003%.

At the secondary market on Tuesday, the five-year notes were quoted at 4.37%, based on the PHP Bloomberg Valuation Service Reference Rates published on the Philippine Dealing System’s website.

Mr. Sta. Ana said the auction result was expected following the Bangko Sentral ng Pilipinas’ (BSP) announcement of another 100-bp cut in banks’ reserve requirement ratios (RRR), which will take effect in November, as well as the upcoming maturity of government securities worth P197 billion.

“The announcement of an RRR cut on bonds this morning prompted the rally on belly bonds, making the 4.25% rate that the new 5-76 bond fetched attractive relative to the rest of the bond curve,” Carlyn Therese X. Dulay, first vice-president and head of Institutional Sales at Security Bank Corp., said on Tuesday.

The BSP announced last month that it will reduce lenders’ RRR by another 100 bps effective November to bring the reserve requirement of universal and commercial banks to 15% from 16%. The reserve ratios of thrift banks will also be cut to five percent from the current six percent, and to three percent from four percent for rural and cooperative banks.

Yesterday, the central bank said the Monetary Board approved the reduction in the reserve requirement rate for bonds issued by banks and quasi-banks (QB) to three percent effective next month in a bid to deepen the local debt market.

This rate is lower than the required reserves of other debt instruments issued by banks such as long-term negotiable certificates of time deposits which is currently at four percent.

“The lower bank reserves on bond issuances is expected to reduce the bond issuers’ intermediation cost that could be passed on to the holders of such securities. The adjustment in the required reserves for bonds complements the BSP’s earlier policy issuance streamlining the rules and requirements for the issuance of debt instruments by banks/QBs. These initiatives are intended to incentivize banks/QBs to tap the domestic bond market as part of its liquidity management,” the BSP said.

Ms. Dulay added that previous comments from the Treasury that there will be no more issuance of retail Treasury bonds this year prompted players to put their investments in other facilities.

“The recent statement of the BTr regarding their decision not to issue a retail Treasury bond this year also emboldened market participants to put their excess cash to use,” she said.

BORROWING APPROVALS ON TRACK
Meanwhile, Mr. Sta. Ana said the BTr is “on track” with their requests for approvals for its planned offshore and domestic borrowings next year.

“We started the request for approvals so we will be expecting some comments, let’s say from BSP, moving forward. So we are on track with respect to seeking approvals on this, both domestic and foreign,” the official said.

He declined to disclose the volume but said “it’s supposed to cover all foreign commercial borrowings for 2020.”

Asked on the possible offshore markets that they will tap next year, he said they will still consider the usual sources such as the euro, dollar, panda and samurai bond markets, but will remain “flexible” as they look for “new opportunities” from other markets such as the Swiss bond market, among others.

“Basically the same markets that we have been issuing in, and there’s a little bit flexibility if there are new opportunities in other markets. For example, Swiss francs, we may also look at that more closely and other markets, I just cited one but I think there could be other markets,” Mr. Sta. Ana said.

The government is set to borrow P220 billion from the local market this quarter, broken down into P100 billion in Treasury bills and P120 billion via T-bonds.

It is looking to raise P1.189 trillion this year from local and foreign sources to fund its budget deficit, which is expected to widen to as much as 3.2% of gross domestic product. — B.M. Laforga

Sweeney Todd gets a modern tweak

Theater Review
Sweeney Todd: The Demon Barber of Fleet Street
By Hugh Wheeler and Stephen Sondheim
Presented by Atlantis Theatrical Entertainment Group
Ongoing until October 27
The Theater at Solaire

BEFORE the show, I had explained a synopsis of Sweeney Todd to my teenage sister; one of the things I noted was that the story is set in Victorian England. Upon entering the theater, the first thing I noticed was the sound of heavy rain coming from the onstage. It was only during the creative presentation of show reminders (Turn off your cellphone!) that I noticed: “Wait! It’s set during the Industrial Revolution, right? Then why are there cars?”

The set design veers away from the 19th century as the action in director Bobby Garcia’s version of the tale of a vengeful barber take place in an area filled with abandoned cars.

In the show’s playbill, set design David Gallo explained how he followed Mr. Garcia’s vision. “Bobby had the idea that the 19th century hospital would have been converted into a parking structure at some point later in its life. He was very excited about having real cars with the remains of the asylum hidden below the lowest level of the garage.”

The stage is eye-catching — more so when Lea Salonga and Jett Pangan haughtily enter in a red vintage pickup truck where most of the action happens. It is manually maneuvered to accommodate scenes and blocking: the front of the pickup functions as a temporary hiding place and Mrs. Lovett’s meat grinder while cargo area at the back is Sweeney Todd’s barbershop.

To recap the story: After 15 years of exile, a vengeful Benjamin Barker returns to London, taking on the name of Sweeney Todd, seeking Judge Turpin who — lusting after Barker’s wife — had falsely convicted and exiled him. As the story develops, Sweeney Todd starts to murder his customers with a straight razor and his accomplice, Mrs. Lovett, processes their corpses into meat pies which become a hit in London.

Unfortunately, the montage of killings at the barbershop, with the lights turning red as Sweeney Todd’s victims die, then carefully step down from the back of the pickup, slowly walking (like a normal person, not zombie-like) to the large oven on stage right, initially made the audience laugh (this writer included).

Still, this awkward staging did not detract from the performances.

The tandem of Mr. Pangan and Ms. Salonga was a joy to watch (this was the first musical I had seen featuring both actors since Baby, The Musical in 2004). Mr. Pangan’s mysterious Sweeney Todd contrasts with Ms. Salonga’s mystic but perky Mrs. Lovett. I particularly enjoyed the Mrs. Lovett solo “By the Sea,” where she playfully fantasizes about living a life with Sweeney Todd. Ms. Salonga portrayed a character that is darker and the stark opposite the roles she is known for superbly.

Another show-stopper is Nyoy Volante’s Adolfo Pirelli, another barber. His take on Sweeney Todd’s competitor is hilarious, and his Italian accent was sexy. “The Contest (Shaving scene)” showcased his vocal versatility as the song required transitions from chest to falsetto.

Comical lines work smoothly with the musical’s thriller atmosphere. Ima Castro’s entrances as the beggar woman asking for alms made the audience giggle within otherwise dramatic scenes. All performers showed vocal prowess in shared musical numbers such as “The Ballad to Sweeney Todd” and “Johanna (Quartet).”

Sweeney Todd impressively closes the lineup of Stephen Sondheim musical in Metro Manila this year. I hope audiences get a chance to enjoy more of Sondheim in the coming years, as well as more of the darker (if perhaps not so morbid) materials from other writers and composers. — Michelle Anne P. Soliman

For tickets to Sweeney Todd, visit TicketWorld at (www.ticketworld.com.ph, 891-9999).

Measure restructuring PNOC-EC eyed in Senate

THE SENATE Energy Committee will push for a measure restructuring the Philippine National Oil Co.-Exploration Corp. (PNOC-EC) following the suspension of its president and chief executive officer Pedro A. Aquino.

Senate Energy Committee chairman Senator Sherwin T. Gatchalian said Mr. Aquino was suspended for approving a memorandum of agreement (MoA) without securing permission from the board or from PNOC-EC chair Energy Secretary Alfonso G. Cusi.

“We could have prevented this situation if we had a more focused PNOC,” Mr. Gatchalian said in a statement on Tuesday.

“Unfortunately, the PNOC is spreading itself too thin by doing different things when its focus should be on oil and gas exploration.”

He said the MoA signed with a Russian firm seeks to develop a multilateral cooperation in oil products and trading, and joint participation in oil refining.

Mr. Gatchalian said the agreement showed the PNOC-EC is venturing in petroleum trading.

On top of this, the PNOC is looking into LNG, while PNOC Renewables Corp. is building solar rooftops.

“We plan to remedy this situation by championing in this Congress a measure that will restructure PNOC by abolishing its existing subsidiaries and directing its focus away from non-exploration activities,” he said.

“The bottom line here is that we will refocus the PNOC to purely upstream oil and gas so that it will contribute in securing the country’s energy needs.” — CAT

DBP to issue P5 billion in sustainability bonds for environmental, social projects

STATE-OWNED Development Bank of the Philippines (DBP) is set to issue P5 billion in sustainability bonds, marking the first tranche of its P50-billion program, proceeds of which will finance eligible environmental and social projects.

The P5 billion bonds will have a tenor of two years and an initial price guidance of 4.25% per annum to be paid quarterly, DBP said in a statement yesterday.

The bank said it is eyeing to determine the final pricing of the two-year debt papers on Oct. 18, with the offer period for the bonds running from Oct. 21 to Oct. 30. The bonds will be issued and listed on Nov. 11.

“The DBP Sustainability bonds issuance affirms our commitment to continue supporting initiative that have an impact not only on communities but also on our environment,” DBP President and CEO Emmanuel G. Herbosa said during the bank’s institutional investors’ briefing on Monday in Makati City.

The bank will sell the bonds for a minimum investment of P50,000 and in integral multiples of P10,000 thereafter, with no maximum amount but must not exceed the approved issue size.

The three-year P50-billion bond program is the bank’s first sustainability bond offering, which will be under its Sustainability Finance Framework, as approved by the Bangko Sentral ng Pilipinas and the Securities and Exchange Commission.

Jose Gabino de Leon Dimayuga, DBP executive vice president, said they can adjust the volume of their P5-billion offer.

Mr. Dimayuga said the bank opted to issue bonds in a shorter tenor as it serves as a “sweet spot” for investors, as well as to attract investors looking to save.

“The idea there is if we can raise more than the P5 billion, we will certainly accept anything over above that. We are also looking at just raising the amount based on what we need as of the moment. We hope that shorter tenor to be able to actually entice savings also,” Mr. Dimayuga said.

Asked on the bank’s funding strategy for the medium term, Mr. Dimayuga said they are looking at other sources of financing such as the official develop assistance (ODA) loans or grants.

“We do look at deposits, we look at long term funding from ODAs, then commercial funding through capital markets or even through interbank lending, to fill the gap in our medium-term funding,” he explained.

Francis Nicolas M. Chua, DBP’s first vice president and head of corporate finance group, said the bank will disclose where the funds will go since they are required to do so every year.

“Part ng sustainability bonds will be we have to make sure that the proceeds will be used for the projects. We have to also identify that we have projects in the pipeline so that we can allocate the funds and also if we have previous projects that need financing,” Mr. Chua said.

He said local investors’ appetite for sustainability bonds is still “evolving” compared to markets offshore, but they are “receptive” to such offerings.

However, he expects the local market to be more accommodating following their issuance of sustainability bonds.

“But we’re hoping that the more we come up with these kinds of bonds, the more the market…gets informed about it and can make informed decisions. Right now, there’s no difference in pricing, so it’s really a preference of investors,” he explained.

The structuring advisor and issuer manager of the transaction will be the Standard Chartered Bank, and will also work with China Bank Capital Corp. as joint lead arrangers.

The bank added that it targets to have P1 trillion in assets by 2022.

DBP’s first-half earnings grew 12.3% year-on-year to P3.1 billion, boosted by lending growth. — B.M. Laforga

Hyundai unveils investment plan

SEOUL — Hyundai Motor Group said it plans to invest 41 trillion won ($35 billion) in mobility and other auto technologies by 2025, part of which will be directed to an ambitious effort to become more competitive in self-driving cars that has also received government backing.

The plan, which Hyundai said encompasses autonomous, connected and electric cars as well as technology for ride-sharing, comes after the automaker and two of its affiliates announced an investment of $1.6 billion in a venture with US self-driving tech firm Aptiv.

South Korea’s government is also onboard, unveiling more funding for autonomous vehicle technology with President Moon Jae-in declaring on Tuesday that he expected self-driving cars to account for half of new cars on the country’s roads by 2030.

“The self-driving market is a golden market to revitalize the economy and create new jobs,” Moon said in a speech at Hyundai Motor’s research center near Seoul.

The government intends to spend 1.7 trillion won between 2021 and 2027 on self-driving technology. It expects Hyundai to launch level 4, or fully autonomous, cars for fleet customers in 2024 and for the general public by 2027, an industry ministry official told Reuters.

South Korea’s government said it would prepare a regulatory and legal framework for autonomous cars and the safety questions they pose by 2024. It is also aiming to lay the technological and legal groundwork for demonstrations of flying cars by 2025. — Reuters

Art & Culture (10/16/19)

 

Darrell Ang returns to MSO

INTERNATIONAL conducting superstar Darrell Ang returns to Manila Symphony Orchestra (MSO) for Pas De Deux, the MSO 2019-2020 Season Gala Concert, on Nov. 16, 4 p.m., at the Meralco Theatre, Ortigas Ave., Pasig City. Mr. Ang teams up with MSO’s Concertmaster, Juillard-trained violinist Diomedes Saraza, Jr., and Korean cellist Kim Yeonjin, in a program featuring Brahm’s Double Concerto as well as well-loved ballet scores from Tchaikovsky. Tickets — which range in price from P500 to P1,600 — are now available at TicketWorld. Call 891-9999 for inquiries and reservations. For information call the MSO office at 8523-5712, 0915-441-5294 or e-mail info@manilasymphony.com.

Dexter Sy’s Bloodline

DEXTER SY’s solo show, Bloodlines, goes on view at the 1335MABINI Gallery in Karrivin Plaza, Makati on Oct. 19. It will run until Nov. 16. Sy’s work deals with the cultural peculiarities that arise as a Filipino with Chinese roots. Sy does not show classic family portraits in his works — he consciously uses the stylistic device of family portraits and alienates them in an ironic as well as grotesque way in order to irritate the viewer in his accustomed way of looking at things. The title of the show is a continuation of the artist’s project, to which he has devoted himself in an artistic way since 2015. Sy’s grandfather immigrated to the Philippines, having been forced to leave China because of an epidemic. 1335MABINI is found at C1B Karrivin Plaza, Chino Roces Ave. Ext., Makati.

Ramilo at MO_Space

MO_SPACE presents flight, Christina Quisumbing Ramilo’s first solo exhibition with the gallery. The artist tackles one of the most iconic forms of design — the stairs, presenting a series of maquettes in varying sizes, devoid of all elements, bringing directo focis to structure and surface material. She positions stairs in multiple configurations for the exhibit. The maquettes are based on various existing stairs that she has encountered in her journeys, from Aztec ruins in Mexico, to the Scala Santa in Rome. Also opening at Gallery 2 is A Surface, an exhibit of works by Celine Lee. She works with aluminum, etched to print an image onto abaca paper, which is then beaten to make a carbon copy on rice paper, and cast using a combination of both papers. Both flight and A Surface open at MO_Space on Oct. 19 and will run until Nov. 17. The gallery — at the 3rd level of MOs Design, Bonifacio High Street, BGC, Taguig — is open daily, from 11 a.m. to 8 p.m.

Re-Connections

ROBINSONS GALLERIA host another art exhibit that features 15 artists from Angono. Dubbed as Re-Connections by Grupo Sining Angono, this will be held from Oct. 18 to 31 at the Level 3, Veranda at Robinsons Galleria. Grupo Sining Angono’s members are: Carlos “Totong” Francisco II, Jovito Andres, John Flora, Frederick Sausa, Berny Supsupin, Herbert Pinpiño, Charlie Val, Orville Tiamson, Alvin Delas Alas, Edberth Roan; Tristan Tiamson, Allan Alcantara, Aaron Bautista, Dolpee Alcantara, and Kristine Costo. Re-Connections will feature pieces that unites the work of Angono’s culturally diverse contemporary artists who were inspired by the town’s cultural and artistic diversity.

Cultural fair

AS OCTOBER is National Indigenous Peoples’ Month, Shangri-La Plaza mall will be holding “People’s Pride: A Cultural Fair,” on Oct. 24 to 27 at the mall’s East Atrium. It will be held in collaboration with Great Women.

How PSEi member stocks performed — October 15, 2019

Here’s a quick glance at how PSEi stocks fared on Tuesday, October 15, 2019.

 

How does the Philippines compare in terms of social progress?

How does the Philippines compare in terms of social progress?

Philippine men’s football team begins SEA Games bid in Group A; volleyball in Group B

Philippines 2019 SEA Games logo

THE Philippine men’s national football team begins its 30th Southeast Asian Games campaign in Group A after the official team draw proceedings held at the Sofitel Philippine Plaza Manila on Tuesday.

The Filipino booters are lumped in the grouping along with 2017 SEA Games runner-up Malaysia, Myanmar, Cambodia and Timor-Liste while in Group B are reigning champion Thailand, Indonesia, Vietnam, Laos, Singapore and Brunei.

Competition format has the teams playing their group mates once in the initial round with the top two teams from each grouping advancing to the crossover semifinals with the top team in Group A playing the second seed from Group B in one paring and the top team in Group B taking on the second seed in Group A in the other. Winners in the semifinals move on to the finals.

The men’s football competition happens from Nov. 25 to Dec. 10 with Rizal Memorial Football Stadium the designated venue.

In the last SEA Games, the Philippine men’s team failed to move past group play.

The women’s team, meanwhile, begins its bid in Group A along with Myanmar and Malaysia while in Group B are champion Vietnam, Indonesia and Thailand.

VOLLEYBALL
In volleyball, the Philippine men’s team will play first in Group B along with 2017 runner-up Indonesia, Vietnam, and Cambodia while in Group A are champion Thailand, Myanmar, Singapore and Timor-Liste.

Bannering the men’s Philippine team are power-hitters Bryan Bagunas, Ranran Abdilla and Marck Espejo.

The Philippines did not advance to knockout phase in the last edition of the Games in men’s volleyball.

Indoor volleyball will be held at the Philsports Multipurpose Arena from Nov. 28 to Dec. 10.

With five teams so far, the draw for women’s volleyball was deferred.

The 30th SEA Games happens from Nov. 30 to Dec. 11 in different parts of the country.

It has a theme of “We Win As One” and is touted to be the biggest to be staged in the Philippines, involving 11,000 athletes and officials from the 11 member nations, 9,000 volunteers, 530 events and 56 sports.

The last time the country hosted the SEA Games was in 2005. — Michael Angelo S. Murillo