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Departing POGOs told to settle taxes

THE BUREAU of Internal Revenue (BIR) will still go after Philippine offshore gaming operation (POGO) companies that are leaving the country to make them pay their tax obligations, the Finance chief said.

Citing a report from the BIR, Finance Secretary Carlos G. Dominguez III said the bureau would look into the POGO companies that were reportedly leaving to check if they have settled their tax dues.

He said one of the companies that expressed its intention to leave, Don Tences Asian Services Solutions Inc., is a licensed operator based in the country and have already paid its 5% franchise tax to the bureau.

However, the BIR will have to check the company’s account first for other possible tax dues before allowing it to shut down.

Mr. Dominguez told reporters via Viber that one of the POGOs — Don Tences Asian Services Solutions Inc. — is a local licensee and had paid its franchise tax, “and will be subjected to investigation before it will be given clearance to close by the BIR.”

He said the other POGO that has reportedly exited the country — SC World Development Group Ltd., which is based overseas — is not registered with the bureau.

“We still intend to go after its tax dues,” he said.

Philippine Amusement and Gaming Corp. (PAGCOR) Chairman and Chief Executive Andrea D. Domingo over the weekend confirmed that the POGO business of “Suncity (Group) has left” the country.

However, Suncity Group Ltd. clarified that it would continue its junket business in Manila as it has no intention of stopping its local casino operations.

“Suncity Group spares no effort to develop itself as a global integrated VIP entertainment conglomerate. Junket business in Manila are definitely important to us and we can’t find any reason to leave Manila at this particular moment,” Suncity Group said Monday in an e-mailed response to BusinessWorld’s questions.

The Macau-based gaming giant said it would also continue developing a “VIP entertainment business in licensed gaming concessionaires in Manila.”

“In regards to the comment provided by Miss Andrea Domingo, we think she is referring to telebetting service, which has nothing to deal with the junket business that Suncity Group operates in Manila,” it added.

PAGCOR Assistant Vice-President for Offshore Gaming and Licensing Department Jose S. Tria, Jr. said over the weekend that POGO companies were leaving the Philippines due to many factors, including the BIR’s stringent tax rules and huge overhead costs as they could not resume operations. He said the industry also felt unwelcome in the country with the barrage of criticisms from the public.

Both officials of the regulator have warned that more POGO companies were expressing interest to leave as well.

Senator Emmanuel Joel J. Villanueva, chairman of the Senate committee on labor, employment, and human resources development, said Monday that exiting POGO companies “won’t be a loss” for the economy as some were known to violate Philippine laws.

“The failure of POGOs to adhere to our laws resulted in their exit. This is what happened, plain and simple,” he said.

The BIR has been struggling to collect the 5% franchise tax, which is on top of the 2% franchise fee of PAGCOR, from overseas-based POGO companies that questions its applicability.

BIR requires POGO licensees to pay the franchise tax and other tax dues before they can get clearance from the bureau, one of the requirements of the government to allow them to resume operations.

Around 10 of 60 licensed POGO companies have offices in the Philippines and the rest are based offshore. There are currently more than 200 POGO service providers.

The government collected P6.42 billion in taxes from the POGO industry last year, up 170% from the P2.38 billion generated in 2018. — Beatrice M. Laforga

The Future is now past

Pandemic closes down storied queer safe space

By Joseph L. Garcia, Reporter

TODAYXFUTURE, a bar in Cubao, was the one place in the world where heiresses in Chanel could dance to songs by the Sexbomb Dancers. It was one of the few places in the city where 20-somethings danced to “The Ghost In You” by The Psychedelic Furs, and other New Wave and disco hits. Within a few minutes, the same crowd would also be dancing to Robyn’s “Dancing on My Own,” a perennial crowd favorite that always brought shrieks of elation. More importantly, as a safe space for queer individuals, it was one of the few places in the world where I felt secure holding another man’s hand. And now it’s gone.

The bar, whose name is sometimes shortened to just “Future” (As in, “You wanna Future later?”) is just one of the casualties of the lockdowns imposed by the government to combat the COVID-19 pandemic. The bar announced its closure on social media on June 18.

“After long days and nights of deliberation, wrestling options and way too much alcohol to cushion the emotion, we are left with the decision to say farewell. We would have turned 12 years old but alas, the uncertainty has made it incredibly difficult. However, this isn’t a statement about sorrow and regrets and wishing things would have been different. This is a love letter — a love letter to all of you who have kept our Future shining bright for over a decade,” the statement said.

“It closed because we couldn’t keep it operational. The pandemic really affected us in so many ways and with the lack of government support for ‘non-essential’ businesses like ours, we were left to try our best. We also had to let go of our staff already because they needed to find other sources of livelihood, as we couldn’t keep paying them without us earning,” Future co-founder Leah Castañeda told BusinessWorld in an interview.

Ms. Castañeda reminisced about Future’s origins and its move from boho enclave Cubao X to just a street away, Gen. Malvar St. in the Araneta Center.

“Future was established in Aug. 8, 2008 when I collaborated with the I Love You girls, Sharon and Mimi. When ILY closed down, it was Sharon and I who continued what would eventually be called Today x Future,” she said. “When I Love You Store moved to Cubao X from Makati, Mimi asked me if I wanted to put up a cafe on the first floor.” The I Love You Store back then sold vintage curios, one-of-a-kind pieces, and artwork. “I didn’t know anything about running a cafe, but I’m well-versed in throwing events and hosting people. At the time I was heartbroken, and instead of losing all my savings partying, I thought of investing it all by putting up a space. It grew organically from there. From a few cases of beer and an oven to prep some pizza and sausages with, it took on a life of its own.”

As for the name, she said, “During construction, we called it our ‘future spot’ and it didn’t have a name yet. Since we got so used to it when Mimi and Sharon asked me what I wanted to call it, we just called it, Future.”

“Cubao X eventually imposed a 1 a.m. curfew, which affected our late-night crowd, and the contract wasn’t renewed. So we had to find another spot,” she said. In 2013, the bar moved from its space in Cubao X (its sidewalk was equipped with commodes, a baroque throne, and several odd chairs that didn’t fit with each other) to its Gen. Malvar location, sandwiched between two pawnshops (and within walking distance of a Jollibee; arguably the city’s best-dressed branch come 4 a.m.).

A rainbow flag on its red front door, as well as the gaggle of people spilling out from the dimly lit bar to the Cubao street announced Future as a safe space. Asked if Future had always meant to be one, Ms. Castañeda said, “The crowd was always a mix ever since, whether they were straight or queer. Coming from the fashion and arts industry, I have a lot of queer friends whom I’ve known since the ‘90s who also ended up spending a lot of time at ILY x Future. I guess it naturally became a space where gay people, closeted or not, got drawn to and felt safe in because of the welcoming atmosphere.”

A generation of young creatives — from the fashion to the publishing industry — made Future a home through all these years. In the confusion of the small, disco-ball lit dance floor, one could sometimes see a friend, but on some nights, maybe even a celebrity. Future became what it was because of the people behind it, and also the people in front of it (the bar patrons who would step outside for a cigarette, oxygen, or because they couldn’t hear each other inside). “It became what it is because of how the TxF team ran the space and the community it attracted. There’s always been a sense of family in how we kept it going and that rubbed off on our patrons. We were hands on, we sat down with our customers because there was every chance that we can all be friends. Judgment was out the door once you came in, and we really did take care of one another.” The time and place it was built also had a hand in its power: “Cubao, where I grew up and where Future happens to be, is a raw and gritty place that reeks of authenticity. I believe that also helped Future a lot. We saw all these generations of customers grow, which we would lovingly call, ‘seasons,’ but Future was always there constant.”

Future survives through its younger sibling, Futur:st, a bar in upmarket-meets-grunge Poblacion, Makati. Comparing how the experience will change, she said, “In terms of the market, the customers we get there are older, and mostly from Makati and nearby areas. The spending behavior is also different because prices and rental fees tend to be higher and it’s more a come and go kind since Poblacion is a hub of various nightlife spots. People like to go around and check out different places in one night so it could just be one or two rounds and off to the next bar. We’re pretty lucky to be steadily gathering our own regulars.”

Late last week, a group of protesters staging a Pride march and protest were arrested in Manila, with the police allegedly not being able to cite a specific law as a reason for their arrest. With the closure of Future, another safe space for the LGBTQ+ community has disappeared. “We’re very disheartened, and we do feel helpless that we couldn’t maintain the space despite doing everything we could,” said Ms. Castañeda. “This I feel is the same problem that other micro to small business owners who run creative spaces are facing.”

The generation that grew up in Future, born between the mid-’80s to the ’90s, have witnessed at least two financial crises. The consequences of the pandemic predict, if not already manifest, another. It’s getting harder to believe that the future was once promised, and it’s funny that a bar named after the future, a word that carries so much meaning, would eventually have to meet an end. Ms. Castañeda said, “We never think of it as ending. Future always takes on another shape or form. The outpouring of love we received all these years, highlighted even more since we announced our closure, has shown us that we will always have the Future.”

As Future enters the past, it will eventually be a story that one tells to remember how you were, and who you were then. A line from the 1956 film Anastasia, a movie about reclaiming a past that could not be repeated, seems to resonate in this case. “I am the past. I like it. It’s sweet and familiar. The present is cold and foreign. And the future? Unfortunately I don’t need to concern myself with that. But you do.”

“It’s yours.”

KKR unit completes First Gen share purchase

A SINGAPORE-BASED holding company of New York-listed KKR & Co., Inc. has completed its share purchase at Lopez-led First Gen Corp., receiving acceptances higher than targeted.

On Monday, the global investment firm said Valorous Asia Holdings Pte. Ltd., a unit of KKR Asia Pacific Infrastructure Holdings Pte. Ltd., has accepted tendered shares of 427,041,291, representing 11.9% of the Philippine energy firm’s outstanding common shares for its P9.6-billion tender offer.

The acceptances were higher compared to its target 6%-9% of First Gen common shares.

Federico R. Lopez, First Gen’s chairman and chief executive officer, said the company felt “quite honored” of KKR’s confidence in the company.

“It’s especially exciting given the accelerating transition we all need to make toward a decarbonized future and we look forward to engaging with a world-class global investor, such as KKR, as we navigate the journey ahead as partners,” he added.

KKR’s Asia Pacific Infrastructure Partner and Head David Luboff shared the same excitement, saying his group was “pleased to have this opportunity to be an investor in First Gen able to positively engage with the company’s management team and the Lopez family as helpful in the future.”

Valorous’s voluntary tender offer of P22.50 per share, which ended on June 24, was first publicized on May 26. The holding firm will pay the shareholders on July 1.

It has said the all-cash bid can bring immediate return on shareholders’ investments at an “attractive” premium.

KKR Asia Pacific Infrastructure is owned by KKR Asia Pacific Infrastructure Investors SCSp based in Luxembourg. The latter is managed and advised by Kohlberg Kravis Roberts & Co. L.P., a unit of New York-listed investment firm KKR & Co., Inc.

First Gen is the third Philippine company in which KKR is actively investing. It has provided capital for Metro Pacific Hospitals, the hospital arm of listed Metro Pacific Investment Corp., as well as Voyager Innovations, Inc., a unit of PLDT, Inc.

“We continue to look for new opportunities to support the country’s growth trajectory, its leading companies, and its families through our infrastructure, private equity, real estate and credit investing businesses,” KKR’s Asia Pacific Infrastructure Team Managing Director Michael M. de Guzman said.

KKR’s investment in the Philippines now stood at over $1 billion, it noted.

First Gen runs a portfolio of renewables and indigenous fuel energy generation facilities with a total of 3,492 megawatts in installed capacity. It is set to build one of the country’s first liquified natural gas import terminals in Batangas.

Shares in First Gen increased by 1.78% to close at P22.90 each on Monday. — Adam J. Ang

Instituto Cervantes to show classic Spanish films

THE Instituto Cervantes de Manila and the Embassy of Spain will be showing Spanish film classics in a film cycle called Clásicos contigo/Classics with You, during the weekends of July, for free, through the Instituto Cervantes Vimeo channel.

Coinciding with this cycle, Instituto Cervantes and the Spanish embassy are also launching the Cineclub Pelikula, an online cinema club that will offer webinars revolving around the programmed films.

The program presents five movies that today are considered reference works of Spanish cinema. The chosen titles, presented by Spanish actors, directors or screenwriters, belong to the AECID Film Library catalog and will be screened with English subtitles. The five movies will be shown over five weekends — one film per weekend, with each title available only for 48 hours.

The film cycle, whose first leg started last May with four classic titles from legendary filmmakers such as Buñuel, Bardem, and García Berlanga, will continue this July with the second leg of the series, featuring five films from the 1970s until the end of the 20th century. The films are: The Spirit of the Beehive (1973) and The South (1983), directed by Víctor Erice; The Holy Innocents (1984) by Mario Camus; La vaquilla (1985) by Luis García Berlanga; and The good star (1997) by Ricardo Franco.

The first film to be streamed is The Spirit of the Beehive, directed in 1973 by Víctor Erice. The premiere of The Spirit of the Beehive, Erice’s debut feature film, was greeted with critical acclaim and awarded with the Golden Shell for Best Film at the San Sebastian Film Festival, soon establishing itself as the consummate masterpiece of Spanish cinema.

The film will be available on the Instituto Cervantes Vimeo channel on July 4 and 5. To access the link to the movie and password, log on to Instituto Cervantes de Manila’s website: http://manila.cervantes.es.

CINECLUB PELÍCULA
The films will be accompanied by discussions that are part of the Cineclub Pelikula, an online cinema club. The webinars, conducted by writer and cultural activist Jessica Zafra, will take place every Sunday on Zoom. The first webinar, which will be devoted to the film El espíritu de la colmena (The Spirit of the Beehive), will be held on July 5 at 5 p.m.

The films are in Spanish with English subtitles. Admission is free. For further information and updates on the film series, check out http://manila.cervantes.es or Instituto Cervantes’ Facebook page: www.facebook.com/InstitutoCervantesManila.

Meralco considers extending ban on disconnection, puts notices on hold

MANILA Electric Co. (Meralco) is discussing if it will extend the moratorium in serving disconnection notices to customers who still cannot settle any portion of their unpaid bills, especially before the quarantine period.

In a press briefing on Monday, the Philippines’ biggest distribution utility said it would not issue any disconnection order until end-August.

“We will not issue any order or disconnection [notice] until the end of August. Walang galawan munayan, (There will be no disconnection activities yet)” said Lawrence S. Fernandez, Meralco head of utility economics.

But Joe R. Zaldarriaga, the company’s spokesperson, said: “Maaari pang magbagoyan.” (It still might change.)

The distribution utility has refrained itself from conducting disconnection activities as consumers are still grappling with the impact of the coronavirus disease 2019 (COVID-19) pandemic on their livelihoods.

It was further stated that Meralco has yet to determine who among customers are slated for disconnection.

Agnes R. Macob, Meralco head of commercial operations, said the company was deliberating the parameters which will be the basis for disconnecting a customer from the distribution line.

“But we are assuring you that Meralco will be very, very considerate during this pandemic period,” she added.

“Disconnection is farthest from the mission that we have right now which is to provide 24/7 electricity service,” Mr. Zaldarriaga said.

Ms. Macob appealed to customers who have not yet paid their bills prior to the strict lockdown period in mid-March to settle those accounts around this time that disconnection activities are still suspended.

Meralco is still finishing its actual meter readings, complying with the order of the Energy Regulatory Commission (ERC) after its previous estimated computation of customers’ bills during the quarantine months has elicited complaints.

It reiterated that the present June bills reflect the accrued consumption of customers from March to June based on actual readings.

Customers who have yet to pay their bills in the past three months from June were advised that they can settle those in portions in the next four or six months, as per the ERC directive.

They will then receive two bills each month: one for the installment payment and the other for the monthly bill.

Still pressed with complaints, Mr. Zaldarriaga said: “Sa sitwasyon ngayon, ang ginagawa namin ay hina-handle namin isa-isa lahat ng mga customers’ concerns sa kanilang individual electricity bills.” (Right now, we are resolving customers’ concerns on their individual electricity bills one-by-one.)

“We vow to continue engaging our customers one-on-one,” he added.

As of present, the listed utility collected below half of all full payments of its 6.9 million customers. Despite the low collection efficiency, Meralco is paying its suppliers in full, according to Mr. Fernandez.

Meanwhile, Meralco said it has yet to submit its response to the ERC ‘s show-cause order after it was found to have allegedly violated some of regulator’s advisories during the lockdown period.

Specifically, the regulator pointed out the alleged breach on its order on estimated billing, the implementation of the former staggered payment scheme, and the start of bills payments on May 30 for customers in areas under strict lockdown.

“We believe that we have complied with the existing regulations and directives set by the regulator and we will explain in full to the Commission the basis for our actions and compliance,” Jose Ronald V. Valles, Meralco’s first vice-president and head of regulatory management, earlier said.

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

TV show The Simpsons ditches using white voices for characters of color

LOS ANGELES — Animated TV comedy The Simpsons is ending the use of white actors to voice characters of color, producers said on Friday.

“Moving forward, The Simpsons will no longer have white actors voice non-white characters,” they said in a brief statement.

The statement did not elaborate but the move follows years of public pressure about the Fox television show’s Indian convenience store character Apu, who is voiced by Hank Azaria.

Azaria said earlier this year that he would no longer play the character, which has been criticized as a negative portrayal of Indian-Americans.

Azaria has also voiced the Simpsons characters of Black police officer Lou and the Mexican-American Bumblebee Man. Harry Shearer played Dr. Hibbert, who is Black.

Friday’s statement did not say whether Apu or the other characters would remain on the series.

Bumbling Homer Simpson, housewife Marge, troublemaker Bart, prodigy Lisa, and baby Maggie, have captured the changing face of America for more than 30 years in the longest-running scripted show on US television.

The Simpsons is syndicated in more than 100 countries.

Friday’s announcement comes amidst a widespread reckoning for US pop culture about racism following mass protests this month over the killings of Black Americans by police.

Other white actors, including Mike Henry of animated series Family Guy and Kristen Bell of Central Park, have also said they will no longer voice characters of color.

“It’s been an honor to play Cleveland on Family Guy for 20 years. I love this character, but persons of color should play characters of color. Therefore, I will be stepping down from the role,” Henry said on Twitter on Friday. — Reuters

Megaworld trims capital spending to P36 billion, reports 9% drop in earnings

MEGAWORLD Corp. is cutting its capital expenditures (capex) this year to P36 billion as it reported a 9% profit decline due to the coronavirus disease 2019 (COVID-19) pandemic.

The Andrew L. Tan-led property developer said in a statement Monday it was originally planning a capex of P60 billion for 2020, but is now reducing it by 40% because of the outbreak.

The pandemic has pushed Megaworld’s attributable net income lower by 9% to P3.5 billion in the first quarter. Its net income fell 8% to P3.8 billion, and its core profit was down 3% due to a non-recurring gain of around P189 million.

Consolidated revenues stood flat with a 1% improvement to P15.1 billion. Revenues from the residential business comprised 64% of the total, the rentals business accounted for 28%, the hotels business made up 4% and the remainder are from non-core businesses.

Residential sales were steady at P9.6 billion as growth was stunted by the Taal Volcano eruption in January, resulting in lower sales for projects in the Calabarzon region. Supply chain disruption due to the COVID-19 pandemic also delayed project construction and affected the business.

Megaworld’s rental segment was another business that cushioned it during the quarter, posting a revenue growth of 8% to P4.2 billion. The company attributed it to office leases as mall rentals were lower due to the pandemic.

Much of the decline came from hotel operations, which posted a 4% revenue drop to P551 million. The impact of the pandemic to global tourism resulted in lower check-ins during the period, particularly from international guests.

“Our real estate sales still helped mitigate the impact of the challenges we faced during the quarter. Our office portfolio, which remains very attractive to locators because they are mostly PEZA- accredited, provided a buffer against the expected weakness of our mall and hotel operations,” Megaworld Chief Strategy Officer Kevin L. Tan said in the statement.

“We keep an eye on effective strategies that will cushion the impact of these challenges for the rest of the year,” he added.

One of the company’s coping mechanisms is strengthening its e-commerce platforms to adapt to new behaviors emerging from pandemic-related restrictions. Megaworld will be rolling out digital platforms in the coming weeks to facilitate customer activity.

An example is its mobile application “E-Concierge”, which is made for Megaworld’s hotel business to allow guests to communicate with hotel staff without contact.

“Our e-commerce platforms will give our customers the convenience and comfort that they need as we take their safety and well-being to a whole new level. We will also do the same for our mall customers, which will also greatly help our retail tenants,” Mr. Tan said.

Megaworld currently has 26 integrated urban townships, integrated lifestyle communities and lifestyle estates in its portfolio.

Shares in the company at the stock exchange fell 12 centavos or 3.99% to P2.89 each on Monday. — Denise A. Valdez

Jeremy Wade checks out the Bermuda Triangle in new show

FOR decades the Bermuda Triangle in the North Atlantic Ocean has been associated with unexplainable disappearances, including that of the USS Cyclops, a US coal transport vessel belonging to the Navy that disappeared en route from Brazil to Baltimore with no trace of the ship or its 309 passengers; Flight 19, a routine two-hour training mission that ended in the disappearance of 13 student pilots with a lieutenant who said that his compass wasn’t working before losing contact; and a Piper Navajo cabin class aircraft that disappeared on the radar a mile before landing even as a controller previously saw it approaching.

The tales surrounding the Bermuda Triangle compel people to come up with answers, from the outlandish (alien abductions, German spies) to the more rational (the Gulf Stream, a strong current that causes sudden changes in the weather; Milwaukee Depth, the deepest point in the Atlantic Ocean, which can explain the difficulty of finding a sunken ship if it ever fell into it).

The disappearance of the World War I transport ship USS Cyclops will be explored by extreme angler and British television presenter Jeremy Wade in his upcoming series, Mysteries of the Deep. With the help of experts and modern technology, he offers multiple theories as to how the ship vanished without a trace.

Mysteries of the Deep will premiere on Wednesday, July 1, at 8:10 p.m. on Discovery Channel (Sky Cable CH 39, Cignal TV CH 140, and Destiny Cable CH 56).

Shang Properties posts P3-billion profit

SHANG Properties, Inc. reported flat earnings in 2019 as weaker condominium sales weighed down the property developer’s performance despite double-digit improvements in its leasing and hotel businesses.

In a regulatory filing Monday, the listed firm said its attributable net income last year stood at P3.06 billion, 1.4% higher than the previous year’s P3.01 billion.

Its consolidated revenues were similarly flat with a 1.6% uptick to P11.36 billion.

Condominium sales, which comprised P4.43 billion of the company’s topline, fell 11% last year due to fewer available units for sale. Its Shang Salcedo Place project became fully sold out in the course of the year while its The Rise Makati project was at handover stage.

Revenues from hotel operations grew 13% to P3.58 billion. This was attributed to higher occupancy in the Shangri-La at the Fort in Bonifacio Global City. It also said the average daily rate last year was higher versus in 2018.

The rental and cinema business, which accounts for revenues from office leasing and mall operations, posted an 11% revenue growth to P3.35 billion. The company said this was due to higher occupancy rates at its office leasing project The Enterprise Center and mall development Shangri-La Plaza.

Shang Properties is the listed operator of several office, retail and residential developments across the Philippines. Among the other projects in its portfolio are The Shang Grand Tower, The St. Francis Shangri-La Place, One Shangri-La Place, Shang Salcedo Place and Horizon Homes.

Shares in Shang Properties at the stock exchange closed flat on Monday at P2.70 each. — Denise A. Valdez

Rolling Stones working with BMI to stop Trump’s use of song at rallies

LOS ANGELES — For years, it has seemed as if Donald Trump can always get what he wants, at least when it comes to using classic rock and pop hits at his campaign rallies against the wishes of the original artists. But the Rolling Stones, who have tried for years to keep the president from appropriating “You Can’t Always Get What You Want” as his walk-off music, have not thrown in the towel. On Saturday, the group sent out a statement saying it is enlisting BMI, the performing rights organization that oversees public use of the song, in their quest to keep the track from being used for politically partisan purposes. And the band says there’ll be a lawsuit if the president continues using the song without a license. “This could be the last time President Donald Trump uses Stones songs,” reads the headline to a release sent out by the Stones’ reps. The statement reads, in part: “Despite cease & desist directives to Donald Trump in the past, the Rolling Stones are taking further steps to exclude him using their songs at any of his future political campaigning. The Stones’ legal team [is] working with BMI… BMI (has) notified the Trump campaign on behalf of the Stones that the unauthorized use of their songs will constitute a breach of its licensing agreement. If Donald Trump disregards the exclusion and persists, then he would face a lawsuit for breaking the embargo and playing music that has not been licensed.” As these disputes have arisen, the issue is whether a song’s use in a campaign rally is covered by a blanket license held by the host venue for all performance purposes. BMI is joining the Stones in contending that the Trump campaign is subject to a license specifically established for political uses, which allows songwriters to object to and withhold use. News of the Stones taking up the fight to have their song excluded from campaign appearances follows on the heels of the Tom Petty family uniting last weekend to release a statement objecting to “I Won’t Back Down” at the president’s contentious campaign rally in Tulsa. Brendon Urie soon followed with a strongly worded statement condemning Trump’s use of the Panic! at the Disco song “High Hopes” at the same rally. The long list of musicians who’ve previously publicly objected to Trump campaign song use includes Neil Young and R.E.M.’s Michael Stipe. — Reuters

GCash cash-in transactions to be charged 2.58% convenience fee starting July 6

MOBILE wallet GCash said cashing in using MasterCard or Visa bank cards will be charged with 2.58% convenience fee starting July 6, after its card payment partners imposed the new rates.

In a statement on Monday, Globe Telecom, Inc.’s GCash said the convenience fee will be computed and will reflect in the mobile wallet’s application for each transaction.

“The fee is a direct charge of payment partners,” it said.

GCash President and Chief Executive Martha Sazon also clarified that “GCash does not earn a single centavo from the direct charges implemented by our payment partners.”

With the new rates, the mobile wallet service said customers will have to pay P2.58 for every P100 that they cash in their GCash wallet.

It claims that the fee is still lower compared with other electronic wallet (e-wallet) services that charge a fixed rate of P30 for cash-in transactions worth below P1,000.

“We, at GCash, have always provided the most convenient, safe, and affordable financial services in the country. We aim to keep it that way despite the recent increases in charges implemented by our card payment partners,” Ms. Sazon was quoted as saying.

It said users that do not want to pay the additional fee still have other options, such as cashing in through linked bank accounts with Bank of the Philippine Islands and UnionBank of the Philippines, Inc. through Instapay, which are both free of charge.

It said GCash users can also monitor their cash-in transactions via MasterCard and Visa bank cards.

“Even with this soon-to-be implemented minimal charges, GCash will continue to provide the best-in-class services that Filipinos have come to love over the past decade. We will continue to be more innovative and proactive in developing safe, secure, and affordable financial services and tools so that more Filipinos can maximize the benefits of digital finance,” Ms. Sazon said.

GCash reported last week that it saw its transaction volume jump by 700% from a year ago in May on the back of strong demand on digital services. — Beatrice M. Laforga

Fewer big malls, more town centers after pandemic

THERE will be fewer regional super malls and more town centers as the pandemic forces a drastic change in consumer behavior, according to a leading urban planner.

Felino A. Palafox, Jr., principal architect-urban planner and founding partner of Palafox Associates, said he expects development to shift from shopping malls towards stand-alone restaurants and shops, as well as outdoor kiosks.

“The suburbs will thrive, because the suburbs are dormitory towns… more shopping, dining, working will be in the suburbs. The downtowns, the CBDs (central business districts) will become less important, less desirable,” he said in a webinar organized by the Philippine Franchise Association in June.

As the Philippines continues to see a rising number of coronavirus disease 2019 (COVID-19) cases, consumers have stayed away from shopping malls out of fear.

In a bid to reassure consumers, malls have implemented health and safety measures such as limiting the number of people inside, temperature checks and regular disinfection of public areas.

Mr. Palafox said restaurants should have more natural light, ventilation, and spacing. He also expects more al fresco or open air dining.

“I’m doing some calculations now. Maybe the future restaurants will be 30% kitchen area, 30% dine-in, and 40% al-fresco — outside,” he said.

Restaurants have been allowed to restart some dine-in operations at limited capacities. For areas under general community quarantine, restaurants may have 30% of their dine-in capacity while areas under modified general community quarantine may increase this capacity up to 50%.

At the same time, Mr. Palafox said the Philippine Building Code must be revisited to lower the density of people in residential and office buildings.

“Our office could accommodate 100 persons. Now we redesigned it, it will accommodate only 28 persons. There will be a lot of adjustments,” he said.

Mr. Palafox emphasized the need for more parks and open spaces as well as bigger sidewalks and plazas in Metro Manila. He added there should be more bicycle parking.

He expects that residences will soon have disinfection rooms, isolation rooms, and kitchen gardens. — JPI