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Duterte appoints Ignacio as new SSS president, CEO

PRESIDENT RODRIGO R. Duterte appointed Social Security System (SSS) Officer-in-Charge Aurora C. Ignacio to take the helm of the state pension fund, replacing resigned Emmanuel F. Dooc.

In an appointment paper dated March 28, Mr. Duterte named Ms. Ignacio as the new president and chief executive officer of the SSS after being the officer-in-charge of the agency. The document was released to the media on Monday.

Prior to her officer-in-charge stint, Ms. Ignacio served as the chairperson of Social Security Commission, the policy-making body of the SSS, and was the first woman who held the position.

She was also an assistant secretary for special projects in the Office of the President. In July 2017, she was appointed as the “focal person” for queries on the Duterte administration’s crackdown on illegal drugs.

“As the Focal Person, she helped the Inter-Agency Committee on Anti-Illegal Drugs (ICAD) in harmonizing all anti-illegal drug government programs,” Ms. Ignacio’s resume posted on SSS’s website read.

Ms. Ignacio obtained her Bachelor of Science degree in Commerce, Banking and Finance from the Centro Escolar University.

She was appointed a day before the implementation of the 45-day ban on appointments ahead of the May 13 midterm polls.

Mr. Dooc filed his “voluntary and irrevocable” resignation from the SSS’ top post early last month following the effectivity of the pension fund’s amended charter. Republic Act No. 11199 or the Social Security Act of 2018 was signed by Mr. Duterte in February, repealing its charter which was signed into law in 1997.

The SSS has yet to provide a statement regarding Ms. Ignacio’s appointment. — KANV

4 power plant units go on unplanned outage

THE Luzon grid lost a total of 1,226 megawatts (MW) on Monday as four power plant units went on an unplanned outage that resulted in the thinning of reserves.

The Department of Energy (DoE) said a yellow alert notice had been issued covering 11 a.m. to 12 noon, and 2 p.m. to 4 p.m. The notice was lifted by grid operator National Grid Corporation of the Philippines (NGCP) at 3:30 p.m., the department said.

The DoE identified the plants that went on an unscheduled shutdown as unit 2 of the Masinloc plant at 344 MW; unit 1 of Pagbilao plant at 382 MW; unit 1 of South Luzon Thermal Energy Corp. at 150 MW; and unit 2 of the Malaya plant at 350 MW.

Other power plants have operated at a capacity lower than its rated output, namely: unit 2 of the Calaca plant at 200 MW from 300 MW; unit 2 of Southwest Luzon Power Generation Corp. at 100 MW from 150 MW; and unit 3 of the Pagbilao plant at 315 MW from 420 MW.

The DoE said it was “closely coordinating with the power industry players to ensure the delivery of electricity services to consumers.”

“It includes the facilitation of incoming plants that are undergoing commissioning and testing such as Masinloc 3 for Luzon and TVI2 (Therma Visayas, Inc. unit 2) for Visayas,” it said in a statement.

The DoE did not disclose the peak demand on Monday nor the available capacity during the day. It previously said that the agency and the NGCP will no longer be disclosing yellow alert notices until after they were lifted.

NGCP earlier expected Monday’s available generating capacity for Luzon at 11,559 MW as against an expected peak demand of 10,178 MW. The DoE earlier said that it wanted reserve power to be at least 25% of the day’s peak demand.

As this developed, consumer group Laban Konsyumer, Inc. (LKI) asked the DoE and the Energy Regulatory Commission to be transparent on the status of power plants to allow electricity users to monitor the power situation of the grid on a daily basis.

“It would be best if the government could provide consumers a list of all the plants and an inventory of when these power plants scheduled shutdown. There should be contingency plans in place for unscheduled outages due to technical problems and/or force majeure,” LKI President Victorio Mario A. Dimagiba said in a statement. — Victor V. Saulon

Eton Centris unveils mural

ETON Centris recently unveiled a huge, colorful mural on the wall of its Centris Station mall along EDSA corner Quezon Avenue in Quezon City.

The company commissioned renowned artists Dee Jae Pa’este and Archie Oclos of Kapwa Studios to do the 678 square-meter mural, as part of Eton Centris’ efforts to become the “a go-to place for public art enthusiasts.”

“This beautiful mural is a milestone for Eton Centris because it is the largest of its kind in a lifestyle space. We want it to reflect the atmosphere, energy, and soul of the place. The vibrant colors communicate that Eton Centris is a place that is always full of celebration and life,” said Assistant Vice President for Eton Centris, Marjorie G. Abot.

The mural is the first of three murals to be unveiled by Eton Centris in the next few months.

Mr. Pa’este’s works have been featured in establishments in Poblacion, Makati, Bonifacio Global City, New York, and Japan, while Mr. Oclos was included in “Forbes 30 under 30” list for his works dealing tackling social issues.

“I feel that as an artist, I have the responsibility to share our art and uplift people through it. Something this bright, large, and beautiful can change someone’s atmosphere when they see it on their ride or walk home,” Mr. Pa’este said.

PHL proposes scheme to cap fisheries subsidies

THE Philippines has proposed to the World Trade Organization (WTO) a scheme to cap monetary subsidies for fisheries which offers more flexibility for developing and least-developed member groups.

The Philippines, along with other five other members, introduced a total of four proposals debated at the March 27-29 meeting of the WTO Negotiating Group on Rules on Fisheries Subsidies.

The Philippines’ informal proposal does not represent an official position, and includes a formula that will determine the acceptable levels of monetary support. It differs from a United States-Australia joint proposal for individual, negotiated amounts.

The Philippine proposal classifies members into four types, each with a different subsidy cap: a developed or developing country belonging to the top 10 marine capture producers, a developing countries member that is part of the top 10 but whose large-scale commercial fishing is minimal, other remaining developing countries, and least-developed countries (LDCs).

Linking state-backed monetary support for fishing to illegal unreported and unregulated (IUU) fishing in disputed waters, the Philippines earlier proposed that WTO members eliminate subsidies to fishing in waters where there are conflicting territorial claims or otherwise broker some sort of cooperation between or among themselves.

During the last meeting, the Philippines said it was working on a comprehensive proposal where the capping approach makes up only a portion.

The WTO has agreed to adopt at this year’s Ministerial Conference a comprehensive fisheries subsidies deal, negotiations for which started in 2001.

The target to clinch a deal by year’s end is in fulfillment of the United Nations’ Sustainable Development Goal 14.6, which calls for the prohibition and elimination, by 2020, of fisheries subsidies that contribute to IUU fishing and to overcapacity and overfishing, with appropriate special and differential treatment accorded to developing countries and LDCs. — Janina C. Lim

Rolling Stones delay tour as Jagger seeks medical help

LONDON — The Rolling Stones have postponed a tour of the United States and Canada to give singer Mick Jagger time to receive medical treatment, the veteran rock band said on Saturday.

“I’m devastated for having to postpone the tour but I will be working very hard to be back on stage as soon as I can,” Mr. Jagger said on Twitter, without providing further details.

“I’m so sorry to all our fans in America and Canada with tickets. I really hate letting you down like this.”

Fans were quick to reply to his post, wishing him well.

The 75-year-old rock star was expected to make a full recovery, the band’s publicist said.

“The doctors have advised Mick that he is expected to make a complete recovery so that he can get back on stage as soon as possible,” the publicist said in a statement.

The band’s North American tour had been scheduled to run from April 20 until June 29.

The Stones have had to cancel sell-out concerts in the past, like in Las Vegas in 2016, when Mr. Jagger contracted laryngitis.

Some misadventures of lead guitarist Keith Richards, the co-author with Mr. Jagger of hits such as “Satisfaction” and “Brown Sugar,” have also caused show postponements and cancellations during the band’s 50-year-long career.

The group had to cancel gigs in 1990 when Mr. Richards infected his finger, and the start of a European tour was postponed in 1998 when he fell off a ladder in his home. Some 2006 shows were also delayed when Mr. Richards fell from a coconut tree while on vacation. — Reuters

Bank of Japan should avoid deepening negative rates, bank lobby chief says

THE NEW HEAD of Japan’s main banking lobby warned the central bank against deepening negative interest rates, signaling such a move could spur risky investment and put further pressure on lenders’ profits.

“It will be a quite difficult option to take,” Makoto Takashima, chairman of the Japanese Bankers Association, said in an interview. “Simply speaking, that would cause policy side-effects to further grow.”

Speculation for more Bank of Japan (BoJ) easing has resurfaced as the economy weakens and central banks around the world pivot away from policy tightening. Governor Haruhiko Kuroda has indicated that taking rates further negative is one of his stimulus options, even as global debate intensifies over the potential drawbacks, including its effect on lending profitability.

The BoJ needs to “carefully consider” the economic impact of driving the short-term rate further below zero, said Takashima, who is also chief executive officer of Sumitomo Mitsui Financial Group Inc.’s banking arm. Domestic banks are already faced with very thin lending margins, and some financial firms are turning to risky investments to boost returns, he said.

Large Japanese banks have long been critics of the policy introduced in 2016, which charges financial institutions 0.1% on a portion of their reserves to encourage them to use the money more productively and help spur inflation.

Concern about similar policies abroad is also mounting, with officials at the European Central Bank recently raising the issue of how negative rates are hurting banks’ earnings.

In Japan, a deeper negative rate would also make it “more and more difficult” for institutional investors to earn the returns needed to serve their clients, Takashima said. That could make them more dependent on foreign-exchange products, emerging-market investments, or other risky assets to secure yields, he said.

Underscoring those hazards, Mizuho Financial Group Inc. last month announced massive writedowns including a 150 billion yen ($1.4 billion) charge to restructure its foreign bond portfolio. Moody’s Investors Service said the move was primarily the result of unrealized losses caused by higher US interest rates.

Banks have also been piling into bundled overseas corporate loans, known as collateralized loan obligations (CLO), a practice that has recently attracted the scrutiny of Japan’s financial regulator.

“It is possible that Japan’s financial institutions have a kind of concentrated risk within themselves,” Takashima said, referring to CLOs.

MET SKEPTICISM
Recent suggestions that the Bank of Japan could introduce a negative lending rate — essentially paying banks to borrow money from the central bank — were also met with skepticism by Takashima, who said such a move probably wouldn’t benefit the economy. Even if it prompts banks to lend to customers at negative rates, it might spur an excessive expansion in credit for real estate, he said.

The lobby group, which represents lenders including the nation’s three so-called megabanks, has also been critical of the BoJ’s strict adherence to its 2% inflation target, a goal that remains firmly out of sight and is keeping any prospects for monetary policy tightening off the agenda. Takashima’s predecessor Koji Fujiwara this year called for the BoJ to instead seek a range of one percent to 2%.

One concern for Japanese policy makers stemming from the recent dovish tilt by central banks including the US Federal Reserve is that the yen could appreciate excessively, harming the export-driven economy. Takashima said that fiscal stimulus would be a better option to counter the economic impact of a stronger yen, rather than monetary easing.

“You can’t solve everything with monetary policy alone,” he said. “That should be clear from the start.” — Bloomberg

Palace appoints new head of renewable energy board

National Renewable Energy Board (NREB) logo

PRESIDENT RODRIGO R. Duterte has appointed lawyer Monalisa C. Dimalanta as the new chairperson of the National Renewable Energy Board (NREB), which serves as an advisory body to the Department of Energy (DoE).

Mr. Duterte signed the appointment papers of Ms. Dimalanta on March 28, a day before the Commission on Elections’ (Comelec) ban on appointments took effect. Copies of Ms. Dimalanta’s appointment papers were released to reporters on Monday, April 1.

According to her profile posted on the official website of asialaw, which produces news, information and rankings of law firms in the Asia-Pacific region, Ms. Dimalanta is a partner at the Puyat, Jacinto & Santos Law (PJS Law) firm.

“Monalisa leads the Energy Practice Group of PJS Law. Her expertise in the energy sector has made her the top choice as legal counsel to the major players (local and foreign) in the industry, as well as for new investors seeking to gain entry into this dynamic area of the Philippine economy. Her leadership in the energy practice group has earned the group and herself several international and Philippine awards/citations,” he profile reads. She is also “recognized as ‘Market Leader’ in the areas of Energy and Project Development and leading practitioner in the Asia-Pacific,” asialaw said.

Ms. Dimalanta replaces lawyer Jose M. Layug who resigned in April last year for “health reasons.”

Prior to Ms. Dimalanta’s official appointment, the NREB questioned House Bill 8179, which seeks to grant the Solar Para Sa Bayan Corp. a franchise to construct, install, establish, operate and maintain distributable power technologies and minigrid systems throughout the country. The House of Representatives approved the franchise last year.

Solar Para Sa Bayan Corp. is led by Senator Loren B. Legarda’s son, Leandro L. Leviste.

“The franchise bill in its current form may also have some inconsistencies with other provisions or mechanisms of the RE Act. In this regard, it is respectfully requested to have such amendments to align with the policies of the RE (Renewable Energy) Act, such as Renewable Portfolio Standards, and the Green Energy Option Program,” the Board said in its position paper.

“The franchise bill will further create a separate RE sector for the grantee, which prevents the grantee from undergoing CSP (competitive selection process) or complying with the requirements of RCOA (Retail Competition and Open Access), seems to be an unfair advantage of the grantee over other functionally similar RE developers,” it added.

In February, the Senate committees on public services and energy recommended the approval of a “non-exclusive” franchise for Mr. Leviste’s company. — Arjay L. Balinbin

Oppo says it has 24% share of Philippine market

CHINESE mobile phone brand Oppo said it has cornered 24% of the Philippine market, citing data from Canalys released in February.

In a statement, Oppo said its F series of mobile phones remains its number one selling model in the Philippines, having sold two million since F1 was launched in 2016.

“The F series is indeed one of the most popular smartphone models chosen by our Filipino users,” the company said.

Oppo entered the Philippine market in 2016 with the first in its F Series, which was described as a “selfie expert,” Its latest smartphone is the F11 Pro, which has a 48 megapixel image sensor and F1.79 large aperture together.

The company said it has seen steady growth, despite overall slum in global smartphone shipments in 2018. Canalys reported that Oppo’s global shipments went up 38.6% in the fourth quarter of 2018.

“We’re very positive that despite the ongoing struggle faced by the global smartphone market, we can surpass this. We always stay grounded with our market’s need when it comes to developing our sales and marketing strategies. As a brand, Oppo’s mandate is to provide the highest quality of products at the best possible price,” Zen Han, vice-president of channel sales of OPPO Philippines, was quoted saying in a statement. — V.M.P.Galang

Groundbreaking for MidPark Towers

D.M. Wenceslao and Associates, Inc. (DMWAI) recently broke ground for the MidPark Towers, its luxury residential condominium project within Aseana City, Parañaque.

MidPark Towers will feature four buildings with 15 storeys each, offering around 670 units geared toward the upscale market. Units range from studio (36 square meters) to those with three bedrooms (110 sq.m.).

“We want the future residents of Aseana City to experience city life to the fullest. We want them to live in a masterfully planned city that will give them the joy of leisurely walking in our lush green spaces, experience the world through nearby world-class entertainment and retail attractions, and make them feel safe by providing high-end security and safety services,” Julius Guevara, DMWAI vice president for corporate planning, said in a statement.

MidPark Towers has a total saleable floor area of around 42,000 sq.m. and a leasable floor area of 2,000 sq.m. This is the company’s second residential project in Aseana City, following the launch of Pixel Residences in 2016.

Films mark 80th year of Spanish Civil War’s end

ON APRIL 6, in commemoration of the 80th anniversary of the end of the Spanish Civil War, Instituto Cervantes, in collaboration with the Embassy of Spain and the University of the Philippines Film Institute, will be holding “El fin de la Guerra Civil,” a mini film cycle featuring two movies set during the turbulent post-Civil war era in Spain.

These films — La Colmena at 4:30 p.m., and Pa Negre at 6:30 p.m. — will be shown at the Cine Adarna of the UPFI Film Center Videotheque in UP Diliman, Quezon City.

The Civil War, which took place from 1936 to 1939, has been considered as the most traumatic event in Spanish contemporary history. The clash between the left-leaning Republican government and the right-wing Nationalists left the nation divided as they struggled for control of the country.

The first film, La Colmena (Mario Camus 1982), takes place in Madrid. Based on a 1943 book of the same title by Camilo José Cela, it takes place in the café La Delicia, where we catch a glimpse of the lives of a wide variety of characters trying to survive in the Spanish capital after the Civil War. This film won a Golden Bear Award at the 33rd Berlin International Film Festival.

The second film is Pa Negre (Agustí Villaronga, 2010). Set in postwar rural Catalonia, 11-year-old Andreu comes across the bodies of a man and his son in the woods. When the authorities try to pin the blame on his father, the boy is determined to find out who the real killer is. The experience opens Andreu’s eyes to the world of adults who live on lies. This movie won Best Film in the Goya Awards and Best Film in Catalan in the Gaudí Awards.

Admission is free on a first-come, first-served basis. For details visit http://manila.cervantes.es, Instituto Cervantes Facebook page www.facebook.com/InstitutoCervantesManila, or call Instituto Cervantes at 526-1482.

After unfortunate detour, Devil May Cry gets back on track

Devil May Cry 5
PlayStation 4

Projections were extremely high when Capcom first put DMC: Devil May Cry on store shelves in early 2013. It had been five years since the release of Devil May Cry 4, and not a few quarters saw the ensuing absence as a rejuvenating factor for the franchise that was, by then, so ubiquitous as to be in other media. For all its popularity, its last video game property failed to meet sales expectations, giving rise to the sentiment that it was getting stale. In response, the Japanese publisher went for a reboot and, in order to ensure freshness, tapped British developer Ninja Theory to steer the enterprise to a new direction.

As things turned out, DMC: Devil May Cry was an even bigger disappointment. Commercially, it proved unable to match the numbers of Devil May Cry 4. Never mind that critics generally praised its preferential option to move away from factors that propelled previous releases in the series. For Capcom, the results delivered the message loud and clear: Fans didn’t so much as expect something novel as want something better. In other words, too much of the old was left by the wayside in an effort to inject innovation in both look and feel. And so while work was being done by Q-LOC on its remaster for 7th-generation consoles, so, too, did efforts to retrace the franchise’s beginnings.

Fast forward to March 2019, and Devil May Cry 5 has been met with success. To pave the way for the revival of the mainline series, Capcom altered the timeline by retconning Devil May Cry 4 and ignoring DMC: Devil May Cry altogether. Brutal? Perhaps. Necessary? Certainly. Precisely because of the nature of the latter, there was no way to keep events in the reboot relevant. In any case, there can be no arguing with the outcome; about as many copies of the new release have reached gamers’ hands in the last three and a half weeks as of its immediate past predecessor in the last six years.

No doubt, much of Devil May Cry 5’s positive reception stems from Capcom’s decision to continue with the original storyline. It picks up half a decade from where Devil May Cry 4 left off, with principal protagonist Dante and Nero, a former knight of the Holy Sword, once again teaming up to defeat the demon Urizen upon the behest of V (a shadowy character later revealed to be the human side of Vergil, Dante’s identical twin brother). How they are all ultimately intertwined makes for a compelling account that strengthens the franchise’s overarching narrative.

Parenthetically, Devil May Cry 5 likewise harks back to the fast-paced gameplay of previous entries in the series. Staying true to its “stylish action” roots, it makes use of a meter that fills up through the execution of properly timed combos unique to the playable characters. Longtime followers of the franchise would be pleased to see Dante and Nero once again exhibiting the unique WW traits that hitherto defined their usefulness in combat. In addition, they are given the privilege of controlling V, who, because of his fragile state, needs to let demons he can summon do most of the requisite damage to opponents for him before dealing the death blow.

For a game that hands out adrenaline-pumping combat in heavy doses, Devil May Cry 5 offers surprising depth. Character upgrades are myriad, and come by way not just of newer and better equipment, but of distinct fighting methods as well. For good measure, gamers are required to alternately control Dante, Nero, and V as they make their way to the demon tree Qliphoth deep in Red Grave City. And lest button mashing be the order of the day, the ranking system ultimately judges combat performances based on evasion and hit avoidance.

Along with auto- or manual-combo options, difficulty settings abound to enable newcomers to the series to hit the ground running and, alternatively, provide heady challenges to the more inclined. In this regard, Devil May Cry 5 also holds considerable replay value; increased familiarly with the controls spurs additional runs for improved scores, collection of orbs, and completion of missions. Even the manner in which the narrative is grounded in lore serves as incentive; the tale is further enriched with every playthrough.

Visually, Devil May Cry 5 benefits from its use of the Resident Evil 2 graphics engine. On the PlayStation 4 Pro, colors are lush and remain sharp even when the action is at a frenetic pace, with the gameplay suffering from nary a drop in frame rates. The music tracks are appropriately enveloping and serve to accentuate the intended moods, not to mention complement gamer progress; the better the ranking, the more pronounced the sounds. Moreover, Capcom did right to keep the hyper-realistic framework of previous titles, underscoring the status of its latest release as part and parcel of the franchise.

In sum, Devil May Cry 5 represents the series’ triumphant return to form. It doesn’t so much reinvent the hack-and-slash genre as accentuate its uniqueness. Between Dante’s Ebony and Ivory guns and Rebellion sword, Nero’s Devil Breaker arms, and V’s Devil Trigger Gauge, it supplies variety in spades. A single run-through should be good for some 15 hours, but gamers figure to dip into the well again and again given the wealth of content it has on offer. Simply put, it’s a decided bargain at $59.99.

THE GOOD:

• Triumphant return to roots in terms of story and gameplay

• Nonstop action backstopped by a compelling series thread

• Adjustable difficulty settings to satisfy newcomers and veterans alike

• Tons of replay value

THE BAD:

• Uninspiring level designs

• Tacked-on multiplayer option

• Microtransactions on offer

RATING: 9/10

 

POSTSCRIPT: At Sundown: Shots in the Dark could have been just another title in a sea of top-down arena shooters on the Nintendo Switch. Instead, it manages to distinguish itself off a clever premise: Gamers can see characters only when under — or, as the case may be, over — sources of light. In the case of their own characters, both movement and a specific button press provide visibility. Notwithstanding the potential pitfalls of tapping a seemingly gimmicky mechanic to propel interest, developer Mind Beast Games actually manages to come up with a compelling release that should translate to hours upon hours of mayhem.

Certainly, it helps that At Sundown: Shots in the Dark boasts of intuitive twin-stick controls. There’s a learning curve, but the well-thought-out training mode — which doubles as a robust single-player experience — efficiently gets gamers up to speed on the mechanics of the various offerings, many of them staples of the genre. Four characters (two male and two female) are available at the outset, but none seem to have unique features that can aid in combat. The use of bots is an option, but balance can suffer as a result; the artificial intelligence is too good at times, evidently aware of character positions even in utter darkness.

Needless to say, At Sundown: Shots in the Dark excels in its multiplayer fare. Online matchmaking can take some time (in all likelihood due to a lack of gamer population), but ad-hoc rooms are a breeze to set up. And with 11 weapons, nine maps, and an array of customizable options that include arena selection and AI level settings, the fun factor is amped up over time. On the whole, it’s an ideal title for collocated gamers — assuming they all have controllers on hand. (8/10)

Abaca output rises 5.9% in first two months

ABACA OUTPUT in the first two months of 2019 rose 5.9% year on year to 86,036.5 bales, the Philippine Fiber Industry Development Authority (PhilFIDA) said.

One bale is equivalent to 125 kilograms.

The Bicol Region remained the top producer with 30,026.3 bales in the two months to February, up 35.7% year on year.

This was followed by Davao Region with 14,073.5 bales, down 12.9% from a year earlier.

Eastern Visayas produced 10,399 bales, up 8.6% from a year earlier.

The Autonomous Region in Muslim Mindanao (ARMM) produced 10,276.5 bales in the two months, up 3.5% year on year.

Caraga produced 7,583.5 bales, down 19.4% from a year earlier.

Northern Mindanao produced 5,682.5 bales, down 25.4%, while Western Visayas produced 5,092.9 bales, up 135.5%. — Reicelene Joy N. Ignacio