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Music to explore during quarantine

It’s almost a month into the enhanced community quarantine in Luzon. Since public events like music festivals and concerts have been canceled, we take our music fix on endless playlist repeats on Spotify and return to favorite music videos and live performances streamed on social media. As we endure another two-week quarantine extension indoors, here are some Nordic artists and albums, as well as performances by more familiar singers (think Neil Sedaka and Josh Groban) recorded at their homes to check out and give an interesting spin to your “quarantunes.”

AURORA
Prior to her role as the voice of the North Wind in Disney Frozen II, Norwegian singer-songwriter Aurora (Full name: Aurora Aksnes) released three studio albums — All My Demons Greeting Me as a Friend (2016), Infections of a Different Kind — Step 1 (2018), and A Different Kind of Human — Step 2 (2019). Aside from the singer’s impressive icy soprano vocals (listen to her version of David Bowie’s “Life on Mars”) and her music’s celestial sounds, her song’s themes include pain and grief (“The River”), ecological destruction (“The Seed”), gender equality (“Queendom”), and changes human behavior brought by technological advancements (“Winter Bird”). In March 2020, the singer released her version of “Into the Unknown” from Frozen II.

Her latest album: A Different Kind of Human — Step 2 (2019)

https://open.spotify.com/album/1ugl4nx9jaE3WF9eb0G1Mr

ASTRID S
Norwegian pop singer Astrid S (Full name: Astrid Smeplass) launched her music career after joining the Norwegian Pop Idol in 2013. She has released four EPs of techno pop tunes mostly dealing with love and relationships. Create a workout, or even a simple feel good playlist including “2AM” (2014), “Hurts So Good” (2016), “Breathe” (2017), and “Bloodstream” (2017).

Her latest EP: Trust Issues (2019)

https://open.spotify.com/album/0p9VYdjKX7XgC7M3wm5R3E

EIVØR
Faroese soprano Eivør (Full name: Eivør Pálsdóttir) performs various genres, from European classical music and folk, to rock. Her operatic and enigmatic vocals give a unique color to her songs which are mostly in Faroese, Icelandic, and English. Tip: Listen to “Trøllabundin” (“Spellbound”) first, hopefully you will be mesmerized and curious enough to explore more of her music. The singer conducts one-hour live streamed performances via YouTube (www.youtube.com/user/eivormusic) every Saturday (Sundays at 1 a.m. in the Philippines) from her home in Denmark.

Her latest album: Slør (2017)

https://open.spotify.com/album/6M6BxPjj3WXxGCTXMP5gBA

HIGHASAKITE
The Norwegian folk band was formed by Ingrid Helene Håvik and drummer Trond Bersu while studying jazz at the Trondheim Jazz Conservatory. The duo later recruited Thomas Dahl for bass and guitar, and Øystein Skar for synthesizer. The band’s music has a harmonious combination of electronic vibe and folk roots. Curious to hear what it sounds like? Listen to “The Man on the Ferry” (2014), “Samurai Swords” (2016), “Someone Who’ll Get it” (2016), and “Egomaniac” (2019).

Its latest album: Uranium Heart (2019)

https://open.spotify.com/album/0XLCfcLsv31oEwcvEDC8v6

MÅNS ZELMERLÖW
Swedish pop singer Måns Zelmerlöw began his music career after completing the Swedish version of Idol in 2005. Fast forward to 2016 when he won the Eurovision Song Contest with the song “Heroes.” Since 2007, the singer has released eight studio albums with danceable pop tunes and ballads such as “Should’ve Gone Home” (2015), “Hanging on to Nothing” (2016), “Better Now” (2019), and a studio version of Eurovision Song Contest 2018 Cyprus representative Eleni Foureira’s “Fuego.”

His latest album: Time (2019)

https://open.spotify.com/album/43sYIQXfwy1c0cCDsE8GkP

Music events and performances online

EUROVISION HOME
Despite the competition’s cancelation this year, fans can still enjoy Eurovision songs with episodes of Eurovision Home Concerts via YouTube. New episodes air every Friday (11 p.m. Philippine time). The first episode featured Ireland’s Ryan O’Shaughnessy (Eurovision Song Contest 2018), Denmark’s Rasmussen (Eurovision Song Contest 2018), North Macedonia’s Tamara Todevska (Eurovision Song Contest 2019), and Montenegro’s Slavko Kalezic (Eurovision Song Contest 2017). On April 10, the second episode featured Eurovision Song Contest 2020 artists Daði from Iceland, Montaigne from Australia, Vasil from North Macedonia, Aksel from Finland, and Gjon’s Tears from Switzerland. It also featured past contestants Leonora from Denmark (Eurovision Song Contest 2019), and 2016 Eurovision Song Contest winner Jamala from Ukraine. To watch, visit www.youtube.com/channel/UCRpjHHu8ivVWs73uxHlWwFA. For more information, visit eurovision.tv/eurovision-home-concerts.

ROLLING STONE’S IN MY ROOM PLAYLIST

Rolling Stone magazine has invited artists to record performances from their homes for its In My Room playlist on YouTube at www.youtube.com/playlist?list=PLL0ooGQ0asg4YfzVbwUdIJiK_uHfahjfr. The series premiered on March 19 featuring The Beach Boys’ Brian Wilson singing songs in his home in California. Other artists include Creedence Clearwater Revival’s John Fogerty and Crosby, Stills and Nash’s Graham Nash.

VERFTET ONLINE MUSIC FESTIVAL
Revisit Bergen’s Verftet Online Music Festival. Featured artists include Aurora, Silja Sol, Datarock, KREAM, and iris. To watch, visit https://www.youtube.com/channel/UC7Wvnwd0n1O3l1dBj0z_Tlg.

CLASSIC FM
Explore this year’s 300 favorite classical compositions at the Classic FM’s Hall of Fame 2020 countdown at www.classicfm.com/radio/hall-of-fame/listen-2020-easter-weekend-countdown/. While under quarantine, listen to performances by musicians in Classic FM’s At Home series via YouTube at www.youtube.com/playlist?list=PL6_N0cjBTUruhYb-j3fGF4Sjm6dX2GVtB.

Here’s a list of artists who regularly upload performances from home via social media during quarantine.

NEIL SEDAKA
Singer Neil Sedaka, featuring his green parrot Basel in the background, performs a medley of his popular hits daily from his home in New York. Watch his daily medleys at www.facebook.com/neilsedakamusic/.

JOAN BAEZ
Folk singer and songwriter Joan Baez sits by the fireplace weekly as she records full performances of her songs. Watch her sing her versions of John Lennon’s “Imagine,” Bob Dylan’s “Forever Young,” Violet Verra’s “Thanks to Life,” and more at www.facebook.com/OfficialJoanBaez/?eid=ARA1KEw2R-WwZrcIHo6p-FZ56ScZoLUDk866Ie0N13eeObPuKlACB5Ar0HASTG1vcqviG-TjA3PixOh0.

PAUL SIMON
Folk singer and songwriter Paul Simon sings Simon and Garfulkel and Everly Brothers hits, and more at www.facebook.com/paulsimon/?__tn__=%2Cd%2CP-R&eid=ARAx-MTAWOY9Cpjo4Du_8fvKT-KxAF3TE6nBwncKkAjc9Byua7Jx1i3uj9KBuba9ub106ck5wUZt9DTI.

NORAH JONES
Singer and pianist Norah Jones sits in front of the piano and performs 15-minute concerts at www.facebook.com/norahjones/.

JOSH GROBAN
Singer Josh Groban takes songs requests and records his performances in a series called #ShowerSongs. The singer has previously covered “Somewhere Over the Rainbow” from The Wizard of Oz (1939) and “You’ll Never Walk Alone” from Carousel (1945). To watch, visit www.facebook.com/JoshGroban/. — Michelle Anne P. Soliman

AboitizLand offers contactless homebuying

ABOITIZLAND, Inc. is now offering digital-based home buying options to clients amid the enhanced community quarantine due to the coronavirus disease 2019 (COVID-19) pandemic.

“During these times, it’s truly better at home. We recognize the urgency of owning a house in a safe and secure neighborhood, which is why we intend to make the buying process easier and more attainable for our clients,” AboitizLand CEO and President David Rafael said in a statement.

Interested buyers can view AboitizLand’s projects through virtual tours on www.aboitizland.com. They can also check out the unit offerings by requesting actual videos of the houses.

Home buyers can also consult with property specialists using video chat apps.

To book appointments, they can schedule an online presentation through Facebook, or send an e-mail at aboitizland@aboitiz.com.

Reservations can also be made online. Home buyers can e-mail scanned copies of the reservation agreement, include one scanned or photographed copy of a valid government ID, and proof of online payment of reservation fee.

Parokya releases music video

Filipino band Parokya ni Edgar and rappers Gloc-9 and Shanti Dope have released their music video for “Pati Pato (Parokya Remix).”

The song, originally released in September 2019, is a collaboration of the band with Gloc-9 and Shanti Dope and DJ Klumcee but Parokya ni Edgar released a remixed version in April featuring band’s hallmark guitar riffs “that make it distinctly Parokya,” a statement said.

The music video was released on April 9 and has so far amassed more than 340,000 views and features “all members of the rock-infused hip-hop collab.” The song’s lyrics encourage people to persevere no matter their life story.

Parokya ni Edgar is a 27-year-old rock band composed of Chito Miranda (lead vocals), Darius Semana (lead guitars), Gab Chee Kee (rhythm guitars and backing vocals), Dindin Moreno (drum kit), and Buwi Meneses (bass guitar). It has had a multitude of hits including “Buloy” (1996), “Harana” (1997), and “This Guy’s In Love With You Pare” (2002) among others. It has so far produced nine studio albums, the latest of which, Pogi Years Old, was released in 2016.

Gloc-9 (real name: Aristotle Pollisco) is regarded as one of the most prominent rappers in the Philippines, known for his fast-flowing vocal style and social commentary in his rap songs. He has won numerous Awit Awards including 2010’s Song of the Year for “Upuan” which was the first rap song to have ever won the award.

Shanti Dope, a.k.a. Sean Patric Ramos, first rose to prominence in 2017 for his rap song “Nadarang,” which relates temptations felt by a person in life and in love. The song was the lead single off of his eponymous debut album. To date, he has released two extended play albums.

The “Pati Pato (Parokya Remix)” music video is now streaming on YouTube, with both versions of the track available for streaming on Spotify, Apple Music, YouTube Music, Amazon Music, and Deezer under Universal Records. — ZBC

PSALM raises power capacities of two electric utilities in Mindanao

State-led Power Sector Assets and Liabilities Management Corp. (PSALM) allotted more power capacities to two rural electric utilities in Mindanao to ensure a steady supply in their service areas under enhanced community quarantine (ECQ) to contain the coronavirus disease 2019 (COVID-19) pandemic.

In a statement on Monday, the agency tasked to privatize the government’s power assets said it increased the power allocation of Lanao del Sur Electric Cooperative, Inc. (Lasureco) to 42 megawatts (MW) from 16.8 MW and Maguindanao Electric Cooperative, Inc. (Magelco) to 17.88 MW from 10 MW.

The move was authorized by Republic Act No. 11469, or the Bayanihan to Heal as One Act, which orders government agencies to implement emergency measures to support the ECQ.

Specifically, PSALM has done this upon the order to conserve and regulate the distribution and use of electricity amid the public health crisis because of COVID-19.

PSALM serves 54 power stakeholders in Mindanao composed of electric cooperatives, industrial entities, and private and government corporations.

Lasureco serves 63,003 connected member-consumers, while Magelco attends to 44,156 member-consumers.

Recently, PSALM has extended the bills payments of distribution utilities, independent power producers (IPP) administrators and universal charge (UC) collecting entities up to 30 days from April 14, which was initially the end of the Luzon-wide lockdown period.

The bills deferment was ordered by the Department of Energy (DoE) and the Energy Regulatory Commission (ERC) which seek the unhampered delivery of energy services amid the quarantine period.

The DoE earlier clarified that power consumers should still pay their dues and obligations to PSALM due before the ECQ on March 15.

The quarantine period was extended until the end of April. — Adam J. Ang

Banks tap rediscount facility amid lockdown

BANKS TAPPED the rediscount facility again in March after the central bank cut policy rates amid the impact of the coronavirus disease 2019 (COVID-19) and the Luzon-wide lockdown.

Peso rediscount borrowings hit P6.858 billion in March, according to data released by the Bangko Sentral ng Pilipinas (BSP) on Monday.

This ended a drought in availments as the facility was last tapped by lenders in October, when peso rediscount loans totalled P3.493 billion.

However, last month’s peso rediscount loans were lower than the P17.406 billion seen in March 2019.

Through the rediscount window, the central bank lets banks secure additional money supply by posting their collectibles from clients as collaterals.

Lenders can use the fresh cash — whether in peso, dollar or yen — to disburse more loans for corporate or retail clients and service unexpected withdrawals.

According to the central bank, 74.08% of the loans secured were used for commercial, production, and other credits. These loans were channelled into permanent working capital (41.85%) and capital asset expenditures (32.23%).

Meanwhile, commercial credits made up 25.92% of total rediscounting loans and were funneled into bank loans for importation (17.3%) and trading of goods (8.62%).

On the other hand, the exporters’ dollar and yen rediscount facility (EDYRF) remained untapped.

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said the lower rates imposed may have attracted banks to tap into the BSP’s credit line.

“[The] BSP’s peso rediscounting facility may have been made attractive by the lower effective borrowing rates for banks as well as various monetary tools introduced that infuse more peso liquidity into the banking system and the broader economy to better service the requirements of bank clients amid the enhanced community quarantine (ECQ),” Mr. Ricafort said in an e-mailed response.

The BSP slashed rates by 50 basis points in March to provide support to the economy amid an expected slowdown due to the outbreak. This brought the overnight reverse repurchase, deposit and lending rates to 3.25%, 2.75% and 3.75%, respectively.

During a crisis, the peso rediscount facility is a safety valve for banks when a short-term fall in reserves occurs, according to UnionBank of the Philippines, Inc. Chief Economist Ruben Carlo O. Asuncion.

“This facility is specifically for COVID-19 induced situations and helps banks cope with extraordinary situations,” Mr. Asuncion said in an e-mailed response.

“I do expect that the banking sector will continue to access the rediscount facility and try to use the tool to help their daily reserve needs,” he added. “EDYRF remains untouched particularly because of the obvious weakness in the export sector during these times.”

APRIL RATES
Meanwhile, for this month, effective rediscount rates for peso loans have been maintained at 3.75%, which is the current overnight borrowing rate, regardless of loan maturity as part of the central bank’s regulatory relief for financial institutions in the midst of the outbreak and the Luzon lockdown. This will be applicable until May 19 unless extended by the Monetary Board (MB).

“Such is in accordance with the decision of the MB, in its meeting dated 19 March 2020, to temporarily reduce the term spread on peso rediscount loans relative to overnight lending rate to zero, among others,” the BSP said.

Meanwhile, dollar credit lines will have a rate of 3.88213% for those maturing at three months or less; 4.31413% for those maturing within a 91- to 180-day period; and 5.17813% for those with a tenor of 181-360 days.

For yen-denominated credits, rates applicable will be 2.37883% for 1-90 day loans; 2.81083% for 91-180 day loans; and 3.67483% for 181-360 day loans.

Applicable rates for the EDYRF are based on the 90-day London Inter-Bank Offered Rate plus a spread depending on the term of the loan. — Luz Wendy T. Noble

Zen Rooms opens doors to frontliners

ZEN Rooms is supporting the country’s fight against the coronavirus disease 2019 (COVID-19) by providing safe and convenient accommodation for medical frontliners.

Zen offered its hotel in Quiapo as lodging for medical frontliners from the Philippine General Hospital (PGH), one of the designated COVID-19 referral centers. Doctors and nurses from the PGH Emergency Department are now staying at the hotel free of charge until the end of April.

“Zen understands the pressure and stress these medical frontliners feel as they battle against COVID-19. We want to be of service to them by giving them comfortable and safe accommodation where they can rest and recover, or isolate from their families,” Zen co-founder Nathan Boublil said in a statement.

Zen is expanding this initiative to other parts of Metro Manila.

Also, the company is partnering with the Philippine Red Cross for a donation drive on Zen’s website. All funds collected will go directly into the Red Cross GCash e-wallet.

Zen is also providing free accommodation for some Red Cross volunteers in Metro Manila.

An intense romp

Infliction: Extended Cut
Sony PlayStation 4
TT Isle of Man: Ride on the Edge
Sony PlayStation 4
Touring Karts
PlayStation VR

Infliction: Extended Cut is an horror title from independent developer Caustic Reality that’s not afraid to show its sources of inspiration. From its dark, depressing setting to its grim tale of family disputes, alcoholism, and abuse, there isn’t much new in the grounds that Infliction covers. That said, the paths it treads wind up worth taking, even if they do get a bit rocky from time to time. In this regard, it’s thankfully propelled by its competent defense of the argument that pain is felt in far worse ways when coming from loved ones as opposed to total strangers.

In Infliction: Extended Cut, players follow the story of a husband needing to return to his home to find a plane ticket his wife left behind. The setup is perfect, allowing gamers to become acquainted with the typical-’80s setting, not to mention the immensely interactive interface. What initially starts as a mundane trek through a dimly illuminated home turns into something far more sinister, as the setting warps into something that’s not quite right. Lights flicker on and off, whispers echo in the shadows, and movements appear stalked amid rattling in the darkness.

Clearly, Infliction: Extended Cut is at its best when it wraps gamers up in frightful anticipation. Its premise might not be revolutionary, but its intense atmosphere, introduced in its excellent opening parts, holds up well. The lived-in feeling the house gives off adds a familiar sense of horror to it as it is slowly unwrapped in distorted fashion, and the art and environmental story pieces found along the way can be unsettling. Even better, its sound design is top-notch, and the oppressive silence it uses, when punctuated by ghastly moans or tearful audio recordings, can be unnerving.

Make no mistake. Infliction: Extended Cut is far from flawless. It shows its indie roots on occasion, particularly in the death cuts it winds up repeating. And as if to add insult to injury, these are unskippable, invariably serving as transitions from one set of objectives to another. Whereas the animations hold interest at first, they do wear out their welcome soon enough; the novelty has most definitely worn off by the third or fourth instance they’re repeated. Gamers can stand to watch the same spirit rip out their heart only so many times before the moment loses shock value and instead becomes a source of irritation.

Another big issue is in how Infliction: Extended Cut presents itself as a series of glorified fetch quests, if nothing else an unnatural design decision in the face of its haunting atmosphere. Instead of letting gamers explore the house freely and taking in its oppressive air, it pushes them ever forward, encouraging them to rush ahead and, in the process, rendering immaterial much of the tension it hitherto built with care. Which is just too bad, because its best moments are when it’s most quiet, when it envelops itself in darkness and places the unknown just out of reach.

Infliction: Extended Cut ends up being a mixed bag. Its opening sequences are strong, but instead of building momentum and ramping up in intensity from then on, it eases up on the tension. Still and all, it provides more hits than misses. For all its stumbles, it succeeds in ingraining itself as an intense romp through a haunted homestead. In the final analysis, it proves its worth; it may not deliver the brand of horror with the consistency veterans of the genre expect, but it nonetheless manages to leave most other gamers with cold sweats they’re not likely to get over anytime soon.

THE GOOD:

Decent title from a one-man operation

Sterling atmosphere and sound design

Interesting set pieces that provide the backdrop for decent scares

THE BAD:

Fairly short experience overall

Haunting look and feel conflict heavily with progression mechanics

Relies on fairly repetitive moments that feel more like padding than progress

RATING: 7.5/10

POSTSCRIPT: The Isle of Man TT has rightly been counted among the most dangerous races in the world. As an annual spectacle, it has no peer; held at the Snaefell Mountain Course, some 60 kilometers of public roads closed by an Act of Tynwald precisely for the purpose, it’s a set of time trials across race classes that dares to push the boundaries of how fast man can go in a motorcycle. It has been around since 1907, and, notwithstanding all the deaths that have occurred over time, it figures to continue for the foreseeable future. Not this year, though, and with reason; quarantine and social distancing measures aimed at containing the new coronavirus pandemic have led to the cancellation of its 2020 staging originally scheduled in late May and running through the middle of June.

In this regard, adrenaline junkies looking for a suitable alternative can do worse than turn to TT Isle of Man: Ride on the Edge. The PS4 offering from Paris, France-based Kylotonn Entertainment certainly tries to stay faithful to its real-life version, with 25 riders and 38 machines on tap to recreate the experience of negotiating all 264 bends of the course. The rendition is painstakingly done on a 1:1 scale, and gamers are required to go through the entire length, over 20 minutes or so, at speeds of up to 320 kilometers per hour, for the race proper.

The good news is that TT Isle of Man: Ride on the Edge’s controls are intuitive and easy to master. The bad news is that the course itself isn’t. Practice sessions (make that lots of practice sessions) are required, during which chunks of the layout can be memorized — first for survival, and then for success. As an aside, it boasts of a Career Mode that has gamers entering fictional races across the United Kingdom. The purpose is clear: repetition breeds familiarity and, hopefully, intuition, particularly with the interface and mechanics. In this regard, it doesn’t help that the artificial intelligence barely provides incentive; it’s either easily beaten as an opponent or infallible, and thus proves lacking or frustrating, or both, as an appetizer to the main dish. Indeed, multiplayer online races are where the meat can be found.

All told, the value of TT Isle of Man: Ride on the Edge depends on gamer preferences. If the intent is to experience the iconic race short of actually being in the British Dependency, then it’s a steal at $59.99. Casual gamers on the lookout for a quick arcade run would do well to look elsewhere, however. It’s not for the faint of heart or for those with short attention spans. It’s akin to a hothouse flower that asks for much with the promise of more. Invest time in it, and it will deliver. Benefits by way of extreme eye candy abound, from the starting line at TT Grandstand on Glencrutchery Road, along such villages as Braddan and Greeba, through countryside glens, to the highest point 422 meters above sea level, and then descending to the residential outskirts of Douglas for the finish.

THE GOOD:

A faithful recreation of the famed Snaefell Mountain Course

Excellent audio-visual presentation

Poetry in motion

THE BAD:

Extremely difficult to get the hang of, let alone master

AI is either very easy or very hard to beat

RATING: 7.5/10

THE LAST WORD: Touring Karts, from developer Ivanovich Games based out of Barcelona, Spain, tries to fill a void on the PlayStation VR. While seemingly absent competition as just the second kart racing game to be offered for the headset, it aims to please all the same. No less than 22 tracks and 30 fully customizable vehicles are on offer, with clearly defined objectives bent on moving the proceedings along at a heady pace. The animated look and humorous take on developments complement the simple, if engrossing, gameplay.

As with any other PS VR title, Touring Karts delivers much of the enjoyment in the way it presents the competition. Handling is quick and responsive regardless of choice of apparatus, and the visuals and sounds prove appropriately immersive. Up to eight players online can race, with nary any discernible lags. Meanwhile, all the little touches are appreciated; from busy backgrounds to obviously trivial but nonetheless fun options on tap, it aims to go the extra mile. The intent is to win, of course, but the extra effort in making the journey worthwhile becomes crucial to highlighting the destination.

There are certainly better racers in the market. But VR racers? Touring Karts takes the cake. It’s right at the $19.99 sweet spot for wacky combinations of power-ups and non-stop action. And trophy hunters will be glad to note that it’s generous in its supply of easily attainable achievements — in other words, exactly what is needed by way of incentive to stay home in the time of COVID-19.

THE GOOD:

Various VR and non-VR gameplay alternatives on tap

Superb handling

Excellent customization options

Online matches across platforms easy to set up

THE BAD:

Evident lack of visual sharpness

Audio mix could be better

Best taken in spurts

RATING: 7.5/10

How PSEi member stocks performed — April 13, 2020

Here’s a quick glance at how PSEi stocks fared on Monday, April 13, 2020.


MBAs allowed to operate during lockdown

MUTUAL benefit associations (MBAs) can now operate with minimal workforce as their employees have been exempted from the enhanced community quarantine, according to the Insurance Commission (IC).

IC issued Circular Letter (CL) No. 2020-39 on April 9 to classify MBAs as health insurance providers, effectively exempting them from the enhanced community quarantine.

“The IC recognizes the necessity of allowing MBAs to maintain operational capacity for processing of claims from death of their members considering its volume, as well as the need to service the marginalized,” the circular read.

In an earlier issuance, the Inter-Agency Task Force on Emerging Infectious Diseases (IATF-EID) exempted health maintenance organizations (HMOs) and insurance companies from the lockdown as they were considered part of frontline health services.

The regulator also issued CL. No. 2020-40 ordering health insurance providers including HMOs, life and non-life firms offering health insurance products as well as MBAs to operate with a skeleton workforce for the processing of claims, with limited backroom services.

The skeleton workforce should only make up 10% of the firms’ total workforce at most, the IC said, consisting of “essential personnel” and others needed in the processing of claims.

Companies seeking exemptions for their workers have to submit to the IC a list of essential personnel and staff for claims processing, which the regulator will approve via the issuance of a certification on a per company basis.

“Personnel who are 54 year old and above, pregnant women, those with underlying medical conditions, with COVID-19 symptoms or have been exposed to persons under investigation or monitoring, cannot be considered as part of the skeletal workforce,” the circular read.

The IC also ordered strict implementation of physical distancing and wearing of face masks during work hours as well as adopting other precautionary measures to ensure safety in the workplace.

Companies should also provide the transport needs of the employees as well as meals and lodging, if needed.

The IC also asked companies to regularly monitor the health of their workers, especially for potential COVID-19 infections. — B.M. Laforga

Buhay-nihan 2020: Shining dynamism of LGUs

By Argie C. Aguja
Features Writer, The Philippine STAR

In National Capital Region, local government units (LGUs) are at the front and center during the enhanced community quarantine. Each LGU is resorting to creative and innovative ways to ease the burdens of the lockdown in their respective constituencies.

To stem the rising cases of coronavirus disease 2019 (COVID-19), President Rodrigo R. Duterte extended the Luzon-wide Enhanced Community Quarantine (ECQ) until April 30. To discourage people from moving about, police and army checkpoints were put in place, and barangay officials were tapped to enforce night curfews and social distancing in their respective areas.

In National Capital Region (NCR), local government units (LGUs) are at the front and center during the ECQ. Each local government is resorting to creative and innovative ways to ease the burdens of the lockdown in their respective constituencies.

CALOOCAN CITY hired an initial batch of seven jeepneys under the “Jeepalengke sa Caloocan” scheme where each jeep is loaded with basic goods and commodities and sold at the barangay level.

VALENZUELA CITY distributed “care bags” containing food, prescription medicines, special milk formula, basic supplies, and diapers to children with disabilities in the city.

NAVOTAS CITY announced that employees will receive P6,000 each as compensation and their quarterly bonus payment will be released in advance.

MALABON CITY has 21 barangays that each received P520,000 to buy and provide the basic necessities of constituents, while P6 million was released to identified carinderias that will provide 300 meals a day, for 15 days.

MANILA used modular tents to convert a gymnasium into a temporary homeless shelter where homeless persons are given free meals and baths. Manila deployed 189 e-trikes operated by salaried drivers to help transport frontline health workers to and from hospitals.

All 201 barangays of PASAY CITY have been instructed to designate a Barangay Hotline for COVID-19 where constituents can communicate while in community quarantine.

MAKATI CITY initiated the door-to-door delivery of free maintenance medicines and P1,000 for senior citizens. PWDs and solo parents were also given cash aid while almost 6,800 registered tricycle, jeepney and pedicab drivers each received an initial P2,000 aid.

The LAS PIÑAS CITY government tapped women’s organization Kalipunan ng Liping Pilipina (KALIPI) to sew more than 3,000 face masks that will be given to city health workers and frontliners.

MUNTINLUPA CITY established the Muntinlupa Mental Health and Psychosocial Support (MHPSS), a 24/7 live chat service system that will provide psychological first aid for residents experiencing stress and anxiety during the quarantine period.

QUEZON CITY partnered with the Philippine Red Cross (PRC) to put up multiple sites for the mass testing of PUIs, the first in the country. To make this possible, the local government will deploy swabbing booths at the Quezon City General Hospital, Novaliches District Hospital, and Rosario Maclang Bautista General Hospital.

MARIKINA CITY launched TeleHealth Marikina, an online medical consultation app allowing residents to consult doctors while staying at home. The city government also partnered with Manila HealthTek, Inc. in preparing its own molecular laboratory complete with polymerase chain reaction (PCR) machine and molecular pathologist.

MANDALUYONG CITY ordered truckloads of fresh vegetables from its sister cities in Nueva Ecija and distributed it as an alternative to processed food and canned goods included in the relief packs.

PASIG CITY began the “mobile palengke” concept where truckloads of goods tour different barangays to sell basic necessities at prevailing market prices. The city also purchased three disinfectant drones in addition to 500 disinfecting kits already given to 30 barangays.

SAN JUAN converted its Science High School into a Kalinga Center, an overflow quarantine facility that will give primary care for PUIs.

PATEROS, the only municipality in NCR, gave its residents a full box — a week’s worth of basic
necessities — that comes with a list of items.

TAGUIG CITY’s TeleMedicine program provides free medical consultation via text or online with door-to-door delivery of medicines for residents — powered by 31 health centers and three Super Health Centers that will be operational 24 hours a day.

Under Executive Order (EO) 2020-027, PARAÑAQUE CITY prohibits any form of discrimination (including denying admission to establishments, physical, verbal and online harassment) against frontliners and COVID-19 patients, PUIs and PUMs.

More aggressive rate cuts seen as PHL lags region in fiscal response

AN off-cycle monetary response ahead of the Monetary Board’s next policy-setting meeting could be on the table soon to cushion the economy from the coronavirus disease 2019 (COVID-19) outbreak, according to Nomura Global Markets Research.

The Japanese research house said the Philippines has fallen behind its neighbors in fiscal measures to the pandemic.

“We reiterate our forecast for an additional 75 bp of policy rate cuts by BSP (Bangko Sentral ng Pilipinas) to 2.5%, all delivered in Q2, starting with a 50 bp (basis point) cut possibly well ahead of the next scheduled meeting on 21 May,” Nomura said in a note issued Monday.

BSP Governor Benjamin E. Diokno said Sunday that the central bank may decide to make a “deeper cut” that will bring down rates to below 3% in response to a “once-in-a-lifetime crisis” caused by the pandemic and to also ensure “a safe landing” for the economy post-outbreak.

“A deeper cut is warranted in response to the expected sharp economic slowdown,” Mr. Diokno told reporters in a text message.

The central bank cut rates by 50 bps on March 19 to curtail the impact on the economy of the pandemic and the lockdown.

This brought overnight reverse repurchase, lending, and deposit rates to 3.25%, 3.75% and 2.75%, respectively.

Since 2019, key policy rates have been reduced by a combined 150 bps, almost completely unwinding the 175 bps worth of rate increases in 2018 when inflation was surging.

Meanwhile, the reserve requirement ratio of big banks was lowered by 200 basis points to 12% last week to increase liquidity during the lockdown. The Monetary Board said it will also review bringing down the RRR for thrift and rural banks, which have been maintained at 4% and 3%, respectively.

“With discussions within government of a supplementary budget still limited, the Philippines appears to be lagging regional peers on urgently needed fiscal measures, so monetary policy will likely provide an immediate response,” Nomura Global said.

UnionBank of the Philippines, Inc. Chief Economist Ruben Carlo O. Asuncion is also pricing in the possibility of an off-cycle response as the situation is “unprecedented.”

“An off-cycle cut would be helpful for the financial sector and markets so that they can take advantage and prepare for economic losses. More RRR cuts will also be appropriate as the BSP does ‘whatever it takes’ to help the broader economy,” he said in an e-mail.

Mr. Asuncion said the current situation could escalate into a “financial crisis that would have a deeper impact in the long run” if not enough measures are carried out.

ING Bank-NV Manila Senior Economist Nicholas Antonio T. Mapa noted that the BSP seems to be taking the dovish lead from the Federal Reserve during the pandemic. However, he warned that easing the lockdown will remain key to resuming economic activity.

“Central banks can lend and lend but at the end of the day, someone will need to spend for the economic engines to turn. With households quarantined at home, the ball is in the court of the national government,” Mr. Mapa said in an e-mail.

Since March 15, the lockdown has been imposed on Luzon, which accounts for 70% of Philippine gross domestic product.

The enhanced community quarantine (ECQ) has been extended until April 30, further lengthening the closure of many businesses.

“In this time of COVID-19, monetary policy will rely less on actual economic data to make policy-driven decisions given the dire need to support the economy,” Mr. Mapa said.

“BSP can take its cue from extremely moribund growth scenarios proposed by the DoF (Department of Finance) to cut rates further and survey banks to gauge how tight liquidity is,” he added.

Finance Secretary Carlos G. Dominguez III said last week that economic growth could be flat or could even contract by as much as 1% due to the freeze in economic activity during the ECQ.

Mr. Dominguez’s worst-case scenario is weaker than the -0.6% to 4.3% estimate issued by the National Economic and Development Authority (NEDA) prior to the extension of the lockdown and much lower than the 5.9% growth posted in 2019 and the 6.5% to 7.5% original target set by the government before the outbreak started. — Luz Wendy T. Noble

Transport GOCCs remit over P17B in dividends to Treasury

Department of Transportation (DoTr) logo

THE Transportation department said it has turned over P17.27 billion worth of dividends to the Bureau of Treasury to support the government’s efforts to contain coronavirus disease 2019 (COVID-19), among other projects.

In a statement Monday, the Department of Transportation (DoTr) said it has “remitted a total of P17.27 billion dividends to the Bureau of Treasury as of 07 April 2020.”

Transportation Assistant Secretary Goddes Hope O. Libiran told BusinessWorld in a phone message that the dividends will help fund efforts against “COVID-19 and other government projects or services.”

The DoTr said P6 billion was provided by the Manila International Airport Authority, P5 billion by the Philippine Ports Authority, P4 billion by the Civil Aviation Authority of the Philippines, and P1 billion by the Light Rail Transit Authority.

The Cebu Ports Authority and Mactan-Cebu International Airports Authority remitted P500 million each.

North Luzon Railways Corp. remitted P140 million while Clark International Airport Corp. handed in P130 million.

The DoTr said it contInues to provide fuel subsidies to transport companies involved in the government’s free ride program for medical frontliners.

The department has partnered with Phoenix Petroleum, Total Philippines, CleanFuel, Petron Corp. and SeaOil Philippines to carry out the program.

It also said that it distributed cash assistance on April 8 to a total of 4,101 Public Utility Vehicle (PUV) drivers.

Transportation Secretary Arthur P. Tugade earlier instructed the Manila International Airport Authority and Civil Aviation Authority of the Philippines to extend to airport concessionaires “rental holidays” for one month and a deferral of rental charges on the succeeding month to cover the enhanced community quarantine period, with further extensions if required, subject to regular monthly review, the DoTr said.

The government has extended the Luzon lockdown until the end of April, pending evidence of containment of COVID-19. — Arjay L. Balinbin