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Watchmen, Schitt’s Creek rule at virtual Emmys with pandemic and political twists

LOS ANGELES — Media family saga Succession, dystopian drama Watchmen, and feel-good comedy Schitt’s Creek dominated the Emmy Awards on Sunday in a show sprinkled with jokes about the coronavirus pandemic, political jibes and appeals for racial justice.

“Hello, and welcome to the PandEmmys!,” said host Jimmy Kimmel, opening the show, where most celebrities took part remotely from their sofas and backyards dressed in a variety of gowns, hoodies and sleepwear.

“It seems frivolous and unnecessary to do this during a global pandemic,” Mr. Kimmel said as he opened the live show from Los Angeles.

“What’s happening tonight is not important. It’s not going to stop COVID. It’s not going to put out the fires, but it’s fun. And right now we need fun. … This has been a miserable year. It’s been a year of division, injustice (and) disease,” he added.

HBO’s Succession, the wickedly juicy tale of a fractious media family, was named best drama series, while Jeremy Strong won best actor for his role as a downtrodden son. Succession’s seven-Emmy haul included writing and directing.

In one of the most pointed acceptance speeches of the night, Succession creator Jesse Armstrong made a series of what he called “un-thank yous.”

“Un-thank you to the virus for keeping us all apart this year. Un-thank you to President Trump for his crummy and uncoordinated response. Un-thank you to (British Prime Minister) Boris Johnson and his government for doing the same in my country. Un-thank you to all the nationalist and sort of quasi-nationalist governments in the world who are exactly the opposite of what we need right now,” said Mr. Armstrong.

HBO’s alternative-reality show Watchmen, infused with racial themes, won for best limited series, while actress Regina King won for her lead performance as the show’s kick-ass police detective.

Watchmen was the night’s biggest winner with a total of 11 Emmys, including technical awards handed out last week. HBO was the biggest overall winner, with 30 Emmys, followed by Netflix with 21.

Watchmen creator Damon Lindelof dedicated his Emmy to the victims and survivors of the 1921 massacre of the Black community in Tulsa, Oklahoma, which partly inspired the series.

BLACK LIVES
Several celebrities, including King, presenter Sterling K. Brown, and Mrs. America supporting actress winner Uzo Aduba, wore Black Lives Matter-themed T-shirts or urged viewers to vote in the Nov. 3 US elections.

Schitt’s Creek, a sleeper hit on the small Pop TV network about a wealthy family forced to live in a rundown motel, won a total of nine Emmys, including best comedy series as well as acting awards for Canadian stars Catherine O’Hara, Eugene Levy, his son Daniel Levy, and Annie Murphy.

The coronavirus pandemic meant no red carpet and no physical audience. Instead, producers sent camera kits and microphones to all the nominees, scattered in 125 places around the world, who chose how and where they wanted to be seen.

The Schitt’s Creek winners got their trophies delivered to them in a restaurant-style setup in Ontario, Canada, by a person dressed in a custom hazmat suit, designed to resemble a tuxedo.

The biggest shock of the night came when former Disney Channel actress Zendaya, 24, was named best drama actress for playing a teen drug addict in HBO’s Euphoria, beating presumed favorites Laura Linney (Ozark) and Jennifer Aniston (The Morning Show).

Last Week Tonight with John Oliver was named best variety talk series for the fifth successive year, and the British comedian accepted wearing a red Liverpool soccer shirt in honor of his favorite British team. — Reuters

Megawide-led group bags Malolos-Clark railway project contract

MEGAWIDE Construction Corp. and its Korean partners Hyundai Engineering & Construction Co., Ltd. and Dong-ah Geological Engineering Company Ltd. have bagged the Malolos-Clark Railway Project package 1 contract, which covers the construction of a 17-kilometer viaduct structure and elevated station buildings in Calumpit, Bulacan and Apalit, Pampanga.

“The Notification of Award was issued on 18 September 2020,” Megawide said in a disclosure to the stock exchange on Monday.

Megawide said the project has an estimated cost of P28 billion, or equivalent to more than half of its current order book of P48 billion.

The company expects the project to boost its construction segment revenue in the “next three to four years.”

It said further that the project will benefit the company’s business units and support its expansion plans in the area.

The flagship Malolos-Clark railway project is part of the 163-kilometer North South Commuter Railway  project.

“Not only will this project, once totally completed, spur growth in Central Luzon, it will also increase connectivity and unlock exciting commercial opportunities between Metro Manila and Clark. This is also a strong testament to how public and private sector cooperation — foreign and local alike — can effectively propel the country towards a First-World Philippines,” Megawide Chairman and Chief Executive Officer Edgar B. Saavedra said.

Megawide noted the project is critical in jumpstarting the Philippine economy.

“Infrastructure spending is believed to have a very high multiplier effect on the economy, and the government’s direction to push this segment is very much welcome,” it added.

The listed company previously said it suffered its first loss in the first semester, shedding P349 million, as its construction and airport businesses posted lower profits due to the coronavirus pandemic.

It reported a 21% slump in its total revenues to P6.44 billion, while overall earnings before interest, taxes, depreciation, and amortization stood at P1.45 billion. — Arjay L. Balinbin

Key winners of the 2020 Emmy Awards

THE annual Emmy Awards, celebrating the best in television, were handed out on Sunday in a virtual ceremony hosted by Jimmy Kimmel from Los Angeles.

Following is a list of winners in key categories:

BEST DRAMA SERIES: Succession (HBO)

BEST COMEDY SERIES: Schitt’s Creek (Pop TV)

BEST LIMITED SERIES: Watchmen (HBO)

BEST COMEDY ACTOR: Eugene Levy, Schitt’s Creek

BEST COMEDY ACTRESS: Catherine O’Hara, Schitt’s Creek

BEST DRAMA ACTOR: Jeremy Strong, Succession

BEST DRAMA ACTRESS: Zendaya, Euphoria

BEST ACTRESS, LIMITED SERIES OR MOVIE: Regina King, Watchmen

BEST ACTOR, LIMITED SERIES OR MOVIE: Mark Ruffalo, I Know This Much is True

BEST SUPPORTING ACTRESS, DRAMA SERIES: Julia Garner, Ozark

BEST SUPPORTING ACTOR, DRAMA SERIES: Billy Crudup, The Morning Show

BEST SUPPORTING ACTRESS, COMEDY SERIES: Annie Murphy, Schitt’s Creek

BEST SUPPORTING ACTOR, COMEDY SERIES: Daniel Levy, Schitt’s Creek

Reuters

Amid lockdown, home buyers see appeal of integrated communities

TOWERING condominiums in Manila are silhouetted by the rising sun in this March 29 photo. — MIGUEL DE GUZMAN/ PHILSTAR

By Arjay L. Balinbin, Senior Reporter

RESIDENTIAL PROJECTS within integrated communities are likely to be most appealing to buyers post-pandemic, property consultancy firms said.

“Colliers recommends that developers highlight projects that are within integrated communities. In our opinion, the pandemic has further emphasized the need to be in an integrated community where unit owners can easily access essential goods and services,” Joey Roi H. Bondoc, senior research manager at Colliers Philippines, said in an e-mail interview last week.

The recent lockdowns to curb the spread of the coronavirus disease 2019 (COVID-19) has made more people aware of the importance of living within communities that also have office, commercial and recreational components.

Mr. Bondoc said developers should highlight features such as sanitation and property management procedures of their residential projects, as these are likely to be among the major considerations of buyers.

He said these efforts will help improve the sustainability of property projects in Metro Manila and boost the Philippine capital’s ranking in the Global Smart City Index.

Manila dropped 10 spots in the Global Smart City Index released by the Switzerland-based Institute for Management Development. The survey showed Manila residents expressed concern over traffic jams, corruption and air pollution.

“An improved ranking should make Metro Manila a viable property investment destination. This is important especially if the government wants to stoke property demand once the pandemic wanes and lockdowns are relaxed,” Mr. Bondoc said.

Claro dG. Cordero, Jr., director and head of research at Cushman & Wakefield, said the ideal cities in the future will need to offer opportunities for “innovations that enhance the quality of living (right balance of sustainable and cosmopolitan lifestyle); working (uncongested spaces and presence of job opportunities); playing (availability of recreational and cultural centers), and learning (talent enhancement and R&D centers).”

Mr. Cordero said cities also need to better utilize technology to make lives better for its residents.

“Investors will increasingly view the role of technology as another factor to consider when investing in a country, urban center or development,” he said via e-mail.

“Technology will have an overarching influence on how cities provide infrastructure support, talent enhancement, culture and diversity, and sustainability and resilience to its citizens. These indicators enhanced by effectiveness and innovation brought about by technology will assist the investors and businesses as they make their choices on where to settle,” he added.

Xurpas to buy US firm by end-2020

TECHNOLOGY FIRM Xupas, Inc. will be completing its P170.7-million acquisition of venture capital firm Wavemaker Partners US before the end of the year.

In disclosures to the exchange on Monday, Xurpas said its board of directors had approved the transaction with Wavemaker US on Sept. 20. Stockholders will need to approve the decision in a meeting scheduled in November.

“The purchase price will be paid upon completion of the closing conditions, which shall be on a date no later than December 31, 2020,” it said.

Xurpas first announced in November 2019 its plan to buy Wavemaker US, a Los Angeles-based technology fund that has more than $210 million assets under management.

Under the agreement, Xurpas will issue 1.7 billion new common shares that Wavemaker will subscribe to at 10 centavos each. This is equivalent to a 48% stake in Xurpas.

The company said it wants Wavemaker US to be a strategic partner that will help it in long-term plans.

“Equity ownership in the holding company that will consolidate all of the General Partners rights in Wavemaker Partners US will give Xurpas access to high-value, emerging, innovative, and disruptive technologies and platforms for its enterprise business and shareholders,” the company said.

The deal will not cover Wavemaker’s unit in Southeast Asia, which is independent and wholly owned by its management.

In a statement Monday, Xurpas said Wavemaker US has invested in more than 230 tech companies since its formation in 2003. Most of these focus on enterprise software, data and intelligence platforms and digital media.

“This acquisition significantly expands Xurpas’ technology base and gives Filipino shareholders and investors access to an entire portfolio of promising venture-backed early-stage companies in the US,” Xurpas Chairman Nico Jose S. Nolledo said in the statement.

“Through Wavemaker US, Xurpas shareholders can now participate in the significant potential upside from investments in the early-stage technology space,” he added.

Xurpas booked an attributable net loss of P43.75 million in the six months to June, slimmer from the previous year’s P118.28 million. — Denise A. Valdez

TikTok: the ultimate direct marketing machine

By Zsarlene B. Chua, Senior Reporter

DESPITE the myriad of issues it faces in the US and in other countries, no one can deny the popularity of social media app TikTok and its impact on music marketing because of its highly sophisticated personalization algorithm, said one of its executives.

“I think that TikTok is the ultimate marketing machine for music, and for other things as well. If you think about it, the game in music promotion and marketing has always been how do you get the right song in front of the right audience, and ideally play it for them in repeat because we all know that when we hear something often enough it does sort of build a sort of affinity to that track — if it is a fit between a fan and the style of the music,” Ole Obermann, ByteDance’s vice-president and global head for music, said in a Sept. 14 session at the recently concluded digital All That Matters conference.

All That Matters is an annual conference for the sports and entertainment industry in Asia. Now on its 15th year, the conference was moved online due to health and safety precautions against the coronavirus disease (COVID-19) pandemic. The conference ran from Sept. 14 to 18.

And if the game in music promotion is to always get the right people to listen to a song — and on repeat at that — then TikTok has got it covered with its “sophisticated algorithm,” according to Mr. Obermann.

“And you have to think about the fact that every single TikTok feed is personalized. No two people in the world are getting exactly the same feed because the algorithm is that sophisticated… it picks up on the finest little signals of what you like, what I like, what everybody likes, and it customizes the feed,” he explained.

TikTok’s “for you” page is a section in the app where users can view a feed of recommended videos to users based on their activity on the app. The content on this page is generated by the app’s artificial intelligence (AI) depending on what kind of content a user liked, interacted with, or searched. It’s also highly personalized.

“So we are able to get the right song in front of the right fan on a one-to-one basis and literally find hundreds of millions of fans,” he said, before adding that if a user liked a song, their feed will have more videos of people using the same song.

“So if you’re talking about the ultimate direct marketing machine, I think that’s the space we’re playing in here,” he said.

TikTok, although it has been in existence for just over four years, has amassed users in the hundreds of millions as in July — it reported having 700 million users worldwide. TikTok is a Chinese video-sharing social networking service owned by ByteDance and is commonly used to create seconds-long videos of anything: from dances and memes, to educational and informative content. It was originally launched in China in 2016 as Douyin before going worldwide as TikTok in 2018.

TikTok’s continued success in the US remains a toss-up, though, as until now issues about national security hound its presence in the US and in other countries, most especially in India where it has been banned since June.

“If we’re analyzing the numbers, the thing that jumps out at you is you’re approaching trillions of overall usage in terms of creations and views on the platform,” Mr. Obermann said of the reach of the app and why it is such a fertile ground for people who want to promote music.

Unlike traditional music strategies, which Mr. Obermann described as a one-way street as they determine popularity of a song through the number of streams, downloads, etc., success in TikTok is measured in the number of videos created using a song.

Before working for ByteDance, Mr. Obermann was the chief digital officer and executive vice-president for strategy and business development at Warner Music Group.

But TikTok, according to Mr. Obermann, can also be used just for more than promoting music or creating viral dance challenges. TikTok can also be used by marketing agencies to push out ads that are “more engaging.”

“One of the slogans we’ve been really pushing with TikTok is “make TikToks, not ads” and with all of our brand partners and agency partners, we’re educating them on the fact that TikTok allows you to create advertisements that can be much more engaging and fun than sort of the traditional ad format,” he explained, before adding that that’s meaningful for music because if the right song goes with the right ad on the platform, “you’re gonna get massive reach, massive engagement and audience.”

AGI to buy back up to P2.5B common shares

ALLIANCE GLOBAL Group, Inc. (AGI) will be buying back up to P2.5-billion worth of common shares listed on the exchange starting this week.

The Andrew L. Tan-led firm told the exchange on Monday its board of directors had approved a 12-month share buyback program beginning on Thursday.

The buyback will be done in the open market through the exchange’s trading facilities. AGI will be using cash and will book the shares as treasury shares.

It has not determined yet the total number of shares it will be buying, which will depend on the total price of shares. AGI said it has sufficient funding to support the planned buyback.

The program is intended to enhance AGI’s shareholder value.

AGI is currently doing a 12-month share buyback that will expire on Wednesday. It allocated P2.5 billion for the program and has, so far, bought back P2.06-billion worth of shares.

The company also did a two-year P5-billion share buyback program in 2017, from which it was able to buy about P4.28-billion worth of shares.

Shares in AGI closed P7.17 apiece on Monday, down eight centavos or 1.10% from the last session.

The company posted a 32% income drop to P3.8 billion in the first semester as its operations were challenged by the coronavirus pandemic. AGI has investments in real estate, hotel and casino, liquor manufacturing, and McDonald’s Philippines. — Denise A. Valdez

New condo to rise within Iloilo Business Park

MEGAWORLD CORP. is developing its sixth residential property inside the 72-hectare Iloilo Business Park (IBP) in Mandurriao, Iloilo City.

The Pinnacle will be the only residential condominium with IBP’s boutique hotel and commercial district. The 20-storey tower will have 572 units, ranging from studio (up to 34 square meters) to two-bedroom with deck (up to 113.5 sq.m.).

“Iloilo City, particularly Iloilo Business Park, remains an attractive location for property investments. Since we started selling our first residential condominium tower here in 2013, prices per square meter have already more than doubled. Those who bought a P3-million, 40-square meter unit seven years ago would see their property appreciating to about P6.8 million today,” Jennifer Palmares-Fong, vice-president for sales and marketing, Megaworld Iloilo, said in a statement.

The Pinnacle will have an amenity deck on the 5th floor, featuring a lap pool and kiddie pool, fitness center, outdoor fitness area, function room, outdoor lounge, daycare center, children’s play area, jogging path, private dining room, and an atrium garden. It will also have a three-level podium parking facility with a driver’s lounge.

The Pinnacle is due to be completed in 2026.

iflix banking on popularity of same-sex love stories with My Gear Your Gown

AFTER the success of the Thai “boys love” (BL) series 2gether the Series and the Philippines’ own web series Gameboys, it seems that shows featuring same-sex love stories are getting more popular and online streaming platform iflix is banking on that trend with the introduction of My Gear Your Gown.

The show, which premiered last week, tells the story of Pai (Win Pawin Kulkaranyawich) and Itt (Marc Pahun Jiyacharoen), two schoolmates who cross paths and fall in love, but personal motivations and crises threaten to pull each other apart. The film was shot in Thailand.

The teaser and first episode were shown during the press preview on Sept. 14, and it was apparent that the show was targeted towards people who are looking for a wholesome love story between young people. Based on the first episode, the story follows the hallmarks of a cute love story: the main characters, a goody-two-shoes and a bad boy, meet in unlikely circumstances. The pacing was a bit slow but since the story will follow a timeskip (according to the teaser), one can expect the pace to pick up in the next episodes.

BL as an entertainment genre, though niche, was first introduced in Japan and was typically created by women for women, although it has also found popularity among LGBTQ (lesbian, gay, bisexual, trans, queer) groups for its portrayal of same-sex love stories.

“People need to see characters that reflect their struggles, their experiences, their wins, their achievements. People should feel that their stories are being told,” Ivan Andrew Payawal, writer for the Gameboys web series, told BusinessWorld in July. He noted that series like these underscore the importance of representation in entertainment and media.

My Gear Your Gown is iflix’s first series produced by WeTV, Tencent’s own streaming platform. Tencent is a Chinese technology company which owns messaging apps such as WeChat and the world’s largest video game vendor. Tencent acquired the Malaysia-based streaming service, iflix, in June this year.

My Gear Your Gown drops episodes every Monday and can be viewed on both iflix and WeTV for free, although VIP subscribers of the platforms can watch a second new episode every week. — Zsarlene B. Chua

Nomadland wins Toronto prize, putting it on path to Oscars

NOMADLAND, directed by Chloe Zhao, won the Toronto International Film Festival (TIFF) People’s Choice Award, setting it up as a potential frontrunner in the upcoming Oscars.

It’s the second honor claimed this month by Zhao’s drama about a woman’s journey through the American West after being wiped out in the Great Recession. Nomadland won the top prize at the Venice international film festival on Sept. 12.

The Toronto award has often been a sign of those films set to do well at Hollywood’s highest honors, the Academy Awards. In recent years, TIFF’s People’s Choice winners that have gone on to win the Best Picture prize at the Oscars have included 12 Years a Slave, Slumdog Millionaire, and The King’s Speech.

First runner up for the TIFF People’s Choice award was Regina King’s One Night in Miami and second runner up was Beans, directed by Tracey Deer, the film festival said Sunday in a statement. — Bloomberg

Lazada plans more ties with insurers as sales grow

ONLINE marketplace Lazada Philippines is partnering with four more insurance firms as the market for digital products has expanded after the pandemic led to lockdown measures and travel restrictions.

“During this time, we saw a double increase in insurance buyers compared to last year,” the e-commerce platform said in an e-mail.

Lazada did not disclose exact figures and the identity of the insurers, but said more customers had been attracted to various insurance products.

“We’ve launched quite a diverse range of insurance types in the platform, from car insurance, life plans, and health care. Moving forward, we are looking at exploring more insurance types and additional brands to onboard with us soon,” the company said.

Currently, Lazada has four insurance firms on its platform, namely: Sun Life of Canada (Philippines), Inc., FWD Life Insurance Corp., Insular Life Assurance Co. Ltd., and Generali Pilipinas Life Insurance Co., Inc.

Sun Life said the demand for insurance, especially for medical coverage, that Lazada extends to more customers had indeed grown.

“We are seeing a steady increase in the availment of these types of insurance products in Lazada. In fact, monthly availments have more than doubled in number from January to August,” Sun Life CEO and Country Head Benedicto C. Sison said in an e-mail.

Sun Life currently offers on Lazada its Life Armor, Family Armor, Personal Accident Armor and Byahero Protect. These cover costs for illnesses, including coronavirus disease 2019 (COVID-19), and accidents such as injuries from land-based travel.

Insular Life said the pandemic has shown the importance of insurance protection as the deadly virus and the lack of vaccine against it continue to claim lives.

“In general, we’ve seen a heightened appreciation for the benefits that life insurance protection brings to Filipino families, especially given the current health crisis,” Insular Life Executive Chairman Nina D. Aguas said in an e-mail.

Because of the expanding market for insurance products on Lazada, the company plans to offer more varied insurance products.

“Seeing the growth and promise of this segment, we plan to expand to accommodate the rise in demand. We are looking at exploring more insurance types and major players to onboard with us in the near future,” Lazada said.

In a directive in May, the Insurance Commission (IC) allowed agents until yearend — from the initial end-June period — to sell online or through other means using information and communication technology to give life and non-life insurers more selling options as the COVID-19 pandemic persists.

“The difficulties they have encountered relate to lost or low sales. This is why we have exerted efforts to allow and encourage sales through technologies, such as online selling. We have allowed foregoing with the face-to-face meetings between the client and the sales agent,” IC Commissioner Dennis B. Funa said in an e-mail. — Kathryn Kristina T. Jose

Gov’t fully awards T-bills even as investors ask for higher rates

THE GOVERNMENT fully awarded the Treasury bills (T-bills) it auctioned off on Monday as rates rose across-the-board amid expectations of steady borrowing costs for the rest of the year.

The Bureau of the Treasury (BTr) borrowed P20 billion as planned via the T-bills on Monday as the offer was more than thrice oversubscribed, with bids amounting to P72.899 billion.

Broken down, the BTr made a full P5-billion award of the 91-day debt papers out of P26.931 billion in tenders. The three-month papers fetched an average rate of 1.156%, up a tad from the 1.15% logged during last week’s auction.

It also raised P5 billion as planned via the 182-day T-bills out of total bids worth P14.007 billion. The average yield of the six-month papers inched up by 2.6 basis points (bps) to 1.615% from 1.589% previously.

For the 364-day securities, the Treasury raised the programmed P10 billion as tenders reached P31.961 billion. The one-year instruments were quoted at an average rate of 1.850%, up by 4.3 bps from the previous week’s 1.807%.

National Treasurer Rosalia V. de Leon said yields went up on market expectations of unchanged rates from the Bangko Sentral ng Pilipinas (BSP) for the rest of the year, even as demand remained strong.

“Rates for 182-day and 364-day tenors were slightly pushed up with expectations that the BSP will keep policy rates steady for the remainder of the year,” Ms. De Leon told reporters in a Viber message after the auction.

The central bank last month kept benchmark interest rates unchanged amid a benign inflation outlook and signs of economic recovery.

The policy-setting Monetary Board, at its fourth policy meeting for the year, kept the rates on the BSP’s overnight reverse repurchase, lending and deposit facilities at their record lows of 2.25%, 2.75% and 1.75% respectively.

Inflation eased to a three-month low of 2.4% in August, slower than 2.7% in July 2020, but faster than the 1.7% in August 2019.

This brought the year-to-date average to 2.5%, within the BSP’s 2-4% target band and slower than the 2.6% forecast for 2020.

A trader said by phone that investors still have ample cash and are seeking higher yields from the short-term securities.

Another trader said in an e-mail that the market will continue to invest funds in T-bills as investors are still waiting for stronger hints that the economy is on its way to recovery.

On Tuesday, the Treasury will auction off P30 billion worth of reissued 10-year bonds with a remaining life of nine years and nine months.

The Treasury is looking to raise P160 billion from the domestic market this month: P100 billion via weekly auctions of T-bills and P60 billion via Treasury bonds to be offered fortnightly.

The government is looking to borrow around P3 trillion this year from local and foreign lenders to help fund its budget deficit expected to hit 9.6% of the country’s gross domestic product. — K.K.T. Jose

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