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CLI boosts landbank in key cities

CEBU LANDMASTERS, Inc. (CLI) is boosting its landbank in key cities in Visayas and Mindanao, as it prepares to ramp up expansion in the next few years.

In a statement, the housing developer said it increased its landbank in the region to 1,245,485 square meters (sq.m.), 36% higher year-on-year.

CLI said the company is looking to invest P50 billion in a range of projects in these properties Cebu, Davao, Bacolod, Iloilo, Ormoc, Dumaguete and Bohol.

“Our landbanking activities are driven by the opportunities presented by each local market. We only purchase a property if we are certain we have an appropriate project for the site to meet a community’s needs and if we can develop that project in the next two to three years,” CLI Chairman and CEO Jose R. Soberano III was quoted as saying.

The company said it used internally generated funds and bank financing for the acquisitions.

The bulk of the land acquisitions in 2019 are owned by CLI, while 21% are joint ventures.

Mr. Soberano noted that joint ventures “allow CLI to access high-value sites without requiring from the firm intensive capital outlay. We also benefit from our partners’ expertise and established presence in the new markets.”

CLI partnered with Iloilo businessman Alfonso Tan, chairman of International Builders Corporation (IBC), for a high-rise multi-tower condominium project in Iloilo City’s downtown area.

The developer also teamed up with Aboitizland, Inc. for a mid-market multi-tower condominium project in Mandaue City.

CLI and Borromeo Brothers are again launching a joint venture for a two-tower condominium in Cebu City. The two companies have previously developed Latitude Corporate Center.

The company is rolling out several projects in Cebu, such as redevelopment of the Abaca Resort Mactan and a resort property with a hotel and condominiums in Mactan.

CLI also acquired an adjacent lot of over 48,000 sq.m. to be used for the expansion of Casa Mira South in Cebu. Also in Cebu, CLI is developing a mixed-use community with hotel, office and retail spaces in a lot in Cebu Business Park.

In Davao, the company acquired a 28-hectare property for its first horizontal development in the area. Through a joint venture company with YHES, CLI purchased the adjacent lots for the expansion of The Paragon Davao.

In Bacolod City, CLI bought an 11,000 sq.m. lot which will be the site of condominiums to be completed in 2021.

The company purchased a 91,065 sq.m. property in Ormoc and a 71,181 lot in Dumaguete, which will be both used for Casa Mira projects. It also secured a 36,000 sq.m. lot in Bohol.

“Our projected pipeline of projects targeted towards the VisMin buyer means sustained growth for CLI and added value to our shareholders,” Mr. Soberano said.

40 years of Filipino Experimental Cinema

By Carmen Aquino Sarmiento

AS WE celebrate the centennial of Philippine films, the UP Film Institute (UPFI) marks its 40th year of existence. Without the artistic and intellectual freedom, the institutional safe space which the UPFI provided, would we even have the likes of: Nick Deocampo, Tikoy Aguiluz, Butch Perez, Raymond Red, Lav Diaz, Khavn dela Cruz, Rox Lee, Tad Ermitano, Auraeus Solito (a.k.a. Kanakan Balintagos), the Agbayani, Alcazeren, and Hernando brothers, as well as the Dalena sisters Sari and Kiri, and a whole new generation of cinema creatives? As Deocampo, who is also a film historian, noted, the rise of Philippine experimental cinema coincided with the maverick Lino Brocka and Ishmael Bernal’s successfully challenging the commercial cinema juggernaut. He sees elements of the earliest Philippine Cinema which followed in the wake of the Propaganda Movement and the subversive playwrights whose sarsuela contained hidden messages, as a continuation of our unfinished revolution.

The first Philippine Experimental or “Expe” Film Festival in October, held at the UP Cine Adarna and Videotheque, gave the current generation the rare opportunity to watch such early classics as the European-made films of Kidlat Tahimik and Henry Francia’s American-made On My Way to India Consciousness I reached China (1968). Those films’ Filipino sensibility but cosmopolitan sophistication were better appreciated by Western audiences back in those halcyon hippie days.

However, the roots of Philippine experimental cinema run deeper, as far back as the early 1950s, with the Bell of St. Francis which was written, edited, and directed by Isagani Pastor. This lost five-minute film was praised then for its “symphonic structure, building up to a culminating point, then down to a normal position by controlling the tempo of both the visuals and music, and how by parallel cutting with both objective and subjective shots, a sense of the story and continuity was achieved.” Pastor and the ground-breaking film documentarian, Ben Pinga, were members of the Film Society of the Philippines, the first underground film group here. Mario Hernando and Doy Del Mundo apprenticed with Pinga. It was also then that the filmmakers Manuel Conde and Lamberto Avellana gained international recognition.

Just as pearls are produced through an oyster’s painful efforts to expel the intruding grain of sand, so might the unprecedented rise in the number of experimental filmmakers from the late 1970s through the 1980s be a manifestation of the covert resistance to the repression of Marcos’ Martial Law. The regime’s iron fist had immediately taken over the mass media, for as Ferdinand Marcos had taught Imelda: “Perception is real, the truth is not.” The First Daughter Imee Marcos understood the importance of artists in shaping a nation’s vision, and of film as a popular medium. She set up a national competition for Experimental Cinema in 1983. Deocampo’s documentary Oliver, and the enfant terrible Raymond Red’s poetically disturbing Ang Magpakailanman took the top prizes.

The Goethe Institute (GI) Manila is the baby daddy of that boomer generation of Philippine experimental filmmakers which sprung up during the post-Ninoy Aquino assassination’s rising tide of anti-Marcos sentiment. Under its auspices, alternative filmmaking seminars and workshops were conducted by various German experts from 1984 to 1997. Prof. Inge Petzke of the University of Applied Sciences-Wurzbug introduced Filipinos to gems of German alternative cinema, from Moholy Nagy of the 1920s to the late 20th century masters such as Wim Wenders. In February 1985, Prof. Petzke held the first Super-8 Filmmaking Workshop. The output included Eli Guieb’s Mga Naunsyaming Pangarap sa Isang Lipunang Bulok. Unfortunately, most of the films made during this first workshop have been lost.

After Kodak stopped developing Super-8 in the Philippines, GI Manila held 16 mm filmmaking workshops with Christoph Janetzko, an icon of German experimental filmmaking, whose name, along with Petzke’s, appears in the end credits of most of the films from what may be termed the GI Manila period. Janetzko was so deeply committed to nurturing the new breed of Filipino alternative filmmakers that he would stay on at his own expense after the official workshops had ended, waiting until the last film had been edited and handed over to the laboratory for processing. It was Janetzko who first brought Filipino “Expe” to the Berlinale in 1989 where a section called “Kino in the Philippines” featured the works of Melchor Bacani, Yeye Calderon, Cesar Hernando, Deo Noveno, Patrick Purugganan, Raymond Red, and Ian Victoriano. On his own, Janetzko even brought over 16 mm cameras and other filmmaking equipment, paying out of pocket the excess baggage fees for these, for the use of the community of Mowelfund (Movie Workers Welfare Fund) filmmakers, then led by Nick Deocampo. Lav Diaz recalls Mowelfund in those days as “this hole where we could hang out together: smoke, watch, and talk about films, drink and play music — a good place to jam.” After the EDSA 1986 People Power event, the Cultural Center of the Philippines established what is now the country’s longest running alternative film festival.

A quarter century after conducting his last filmmaking workshop here, Prof. Petzke returned this 2019, to mentor a new batch of 18 experimental filmmakers, i.e., J.P. Bonoan, Ace Castillo, Jaimie Chi, David Corpuz, Jordan Jose Dela Cruz, Kiri Dalena, Mao Factolerin, Lem Garcellano, Joscephine Gomez, Bea Mariano, Juan Martin, Mark Mirabuenos, Monique Mangente, Jose Olarte, Lloyd Reyes, Vic Teano, Arnel Telesforo, and Chino de Vera. Their finished works were premiered during this First Filipino “Expe” Film Fest.

The technological breakthrough of digital filmmaking in this millennium democratized filmmaking as an art form. Using home video cameras or even just cellphones, digital filmmaking is now part of the SPA (Special Program for the Arts) syllabus in many public high schools. However, Prof. Petzke reminded his latest batch of mentees that it’s a cop-out to claim a film is experimental just because it fails to communicate or to achieve its director’s intentions.

For example, we may just have to take the multi-media artist Rox Lee’s word for it that the out-of-focus man repeatedly hurling himself against a wall while a butiki (gecko) looks on impassively was a retroactive metaphor for the resistance to Marcos Martial Law in Lizard or How to Act in Front of a Reptile (1987). For the festival, Lee performed a shamanistic dance with his face and body covered in cardboard and old film spools. “Expe” is not easy to take. It may be an acquired taste. Much is deeply personal and may require more effort at patience and understanding from its audience, than the usual populist binge-and-chill approach towards live-streamed TV shows and movies which most of us are used to. “Expe” cinema is a purposeful experience, closer to fine art. The presence of works of film in many gallery exhibitions attests to this. As in “expe,” the film itself may be painted on, scratched, reused, played at an altered speed, collaged.

If one must be a kind of initiate in order to get what an experimental film is about, then the film historian and documentarian Nick Deocampo is this rarefied art form’s high priest or babaylan, an evangelist who has assiduously researched and recorded Philippine cinema’s 100-year history. Deocampo’s is an important, if little appreciated vocation, for although film as a record of our own nation’s history gets it down both visually and aurally, the material itself was unstable and fragile. Old film negatives have been turned into New Year’s Eve torotot (horns), or simply destroyed and lost. Thus often, the written notation that such a film was really made and once existed may be all that is left. The word still rules.

Admittedly, many “expe” films may not meet conventional aesthetic standards. But so long as these do not qualify as hate speech or have resulted in actual harm, such as with child pornography, snuff films, or crush videos (where small, helpless animals are tortured to death), it would be as wrong to censor, to destroy, or to criminalize these, as it would be to terminate the lives of those who think or speak or act differently from the herd, even the so-called differently abled or special persons, who may not meet the ideal and conventional criteria of optimum human existence. Each has its own reason for being. Meanwhile, let a thousand flowers bloom and more visions and voices be seen and heard. “Expe” film is alive and thriving in the Philippines. This first film festival was a celebration.

Amid rise of tech-enabled homes, Philips Hue introduces ‘smart’ lighting system

By Bjorn Biel M. Beltran
Special Features Writer

SIGNIFY, formerly Philips Lighting, is introducing a new smart lighting system to the Philippines.

Paving the way for smarter, tech-enabled homes, the Philips Hue is a smart LED home lighting system that allows Filipinos to control their lights using any smart device.

“The future belongs to connected living, with smart homes being a key driver today. We at Signify endeavor to deliver a human centric approach to our innovations and Philips Hue is a perfect example as it can be the first step to turn any home into a smart home, creating never-before experiences with lighting that can be customized around your lifestyle,” said Jagan Srinivasan, country leader of Signify Philippines.

“Filipinos are known to be quick adopters of technology, and we are excited to introduce the cutting-edge Philips Hue system to help usher in an emerging technological trend — the rise of smart homes,” he said.

The web-enabled lighting system can be activated at home, or from anywhere in the world, through a mobile app, or through smart-home platforms like Alexa and Google Assistant. Philips Hue also has extensive compatibility with other smart home platforms like Apple HomeKit, Samsung SmartThings, Microsoft Cortana, Bosch and Logitech.

The new Philips Hue range also features dual Bluetooth connectivity and Zigbee technology for an expanded smart lighting experience.

Through such technologies, and combined with high-quality LED lighting, the Philips Hue range can choose from a spectrum of more than 16 million colors, allowing users to personalize their home lighting experience with custom settings and program timers to and create the perfect ambiance for any occasion.

The Philips Hue smart lighting system can kick-start the day with a gentle light that grows in brightness every morning or create a relaxing mood with light scenes like Tropical Twilight or Tokyo Lights or even a customized scene to your liking. Geofencing features can activate lights automatically whenever you come home, and you can even set up an immersive entertainment experience by syncing your lights with music, videos, and games with Philips Hue.

User can easily communicate and control the lights with voice commands for Amazon Alexa, Google Assistant, Nest, and Apple HomeKit, and even synchronize the smart lights with Spotify, Apple Music, and YouTube. Telling the smart assistant “Good night,” will automatically dim the lights to prepare user for a comfortable sleep.

“There’s already quite some appreciation for smart products for the home in the Philippines. So there’s no doubt in my mind if this is going to be embraced and appreciated by the average Filipino,” Mr. Srinivasan said.

The Hue Starter Kit includes three Hue White and Color Ambiance bulbs and a bridge, that allows you to add up to 50 Philips Hue light bulbs, and up to 12 switches and other accessories through the Philips Hue app.

The Philips Hue is available in select PowerMac, Switch, iStore, Nifty, Urban Gadgets, Infomax Glorietta, Abenson Global City and online at the Philips Lighting Official store on Lazada.

GSIS set to start release of pensioners’ cash gifts

THE GOVERNMENT Service Insurance System (GSIS) will start releasing Christmas cash gifts next week, Dec. 15, to active old-age and disability pensioners.

GSIS said the pension fund has allotted P3.12 billion for the cash gift that will be distributed to some 324,000 eligible members.

Rolando Ledesma Macasaet, chairman, acting president and general manager of GSIS, said the cash gifts will be credited to pensioners’ e-cards ahead of Dec. 25.

“We know that our 324,348 pensioners are looking forward to the GSIS Christmas Cash Gift which they fondly call their Christmas bonus. Thus, we made sure that it will be credited to their e-card a few days before Christmas Day so they can spend it in celebrating this joyous occasion with their families,” Mr. Macasaet was quoted as saying.

GSIS said the members eligible for the cash gift are the active old-age and disability pensioners who are still alive as of Nov. 30 and are still receiving their regular monthly pension.

“Suspended pensioners as of November 30, 2019 are also eligible to receive the cash gift, provided they activate their status with GSIS on or before 30 April 2020,” it said.

The pension fund explained that members who got at least P10,000 worth of Christmas cash gift in 2018 could receive up to P12,600, based on its one month current pension.

For those who received P10,000 and below last year, they will be granted one month current pension up to a maximum of P10,000, it said.

“Pensioners who resumed their regular monthly pension after Dec. 31, 2018 (after the five-year guaranteed period) will be granted one month current pension up to a maximum of P10,000.”

For the members who retired from 2015 to 2019 and have availed of immediate pension, GSIS said they will only start receiving the Christmas cash gift five years from their retirement date.

“GSIS members who resigned or separated from government service between 2006 to 2019 before reaching age 60 and who started receiving their regular monthly pension between 2015 and 2019 will receive the cash gift once they have been regular pensioners for at least five (5) years.” — BML

PAL to launch Davao-Manado, Zamboanga-Kota Kinabalu flights

DAVAO CITY — Philippine Airlines (PAL) subsidiary Air Philippines Corp., also known as PAL Express, has agreed to serve the Davao-Manado and Zamboanga-Kota Kinabalu routes starting March 31 next year, Secretary Emmanuel F. Piñol, chair of the Mindanao Development Authority (MinDA), said over the weekend.

“We are looking forward to these new linkages,” said Mr. Piñol, noting that these flights will boost trade and partnerships between Mindanao and the rest of the Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA).

Mr. Piñol said they have been working to enhance economic ties in the sub-region, especially with Indonesia and Malaysia.

PAL Spokesperson Cielo C. Villaluna, in a text message to BusinessWorld, confirmed the planned new routes.

Assistant Secretary Romeo M. Montenegro, MinDA deputy executive director, told BusinessWorld Monday that both flights will initially be on a thrice-a-week schedule.

“We need these flights to be able to enhance our connectivity within the BIMP-EAGA,” said Mr. Montenegro.

The Davao-Manado route is currently being served by Citylink Indonesia, a subsidiary of Garuda, which started the flights about three months ago on a twice-a-week schedule.

The load factor of the 70-seater plane is at an average of 60% going to Manado and 45% to Davao, based on MinDA data.

PAL Express will be the lone airline for the Zamboanga-Kota Kinabalu route.

In 2017, Cebu Pacific Air announced that it was looking at serving the route, but postponed the plan due to the absence of some immigration facilities at the airport in Zamboanga City.

The Zamboanga International Airport has been undergoing repairs and upgrade since 2018, with an over P200-million budget allocated by the Department of Transportation.

Meanwhile, Ms. Villaluna also confirmed that flights between Zamboanga and Tawi-Tawi will be added to PAL’s domestic routes starting Dec. 15. — Carmelito Q. Francisco with a report from Arjay L. Balinbin

4 Weddings and a Funeral is now a mini-series

A MINI-SERIES based on Mike Newell’s popular 1994 film Four Weddings and a Funeral is set to air on Blue Ant Entertainment starting Dec. 17 at 10:35 p.m.

The show, created by Mindy Kaling and Matt Warburton, initially aired in July on Hulu and follows the story of four American friends who reunite for a London wedding and whose lives are thrown into disarray after a bombshell drops at the altar.

“Relationships are forged and broken, political scandals exposed, London social life lampooned, love affairs ignited and doused, and of course, there are four weddings… and a funeral,” the series’ description read.

The show stars Nathalie Emmanuel, Nikesh Patel, Rebecca Rittenhouse, and John Reynolds.

Ms. Kaling, whose resumé includes playing Kelly Kapoor in the NBC sitcom The Office, and who has written, produced and starred in The Mindy Project, told reporters at a summer junket that she felt doing a mini-series based on the beloved British film was “terrifying.”

“What would make it worth it would be to probably show a love story through the lens that I would like to see a love story, which is an African-American woman and a British-Pakistani man falling in love. I would love to see that. And luckily, these guys agreed that that would be great, and then to fill out the cast with people that we don’t normally get to see in these kinds of roles. And from then, it just got really exciting,” Ms. Kaling said during a panel at the Television Critics Association press tour in July.

The 1994 film written by Richard Curtis (who is also producing the mini-series) is considered one of the best British films of the 20th century according to the British Film Institute. It starred Hugh Grant in the lead, a role many have credited to have shot him into stardom.

And because of the original film’s iconic status, Ms. Kaling noted that making a series about the film without Mr. Curtis’ blessing would be “foolish” so she sought his approval.

“I met [Mr. Curtis] for lunch in New York, and then he came to the first table read, and he watches cuts. So, having him to be part of it was really important to all of us, because obviously, he’s the originator of the source material, and we admire him so much,” she said.

Unlike the film which focused on the romance between Mr. Grant and Andie MacDowell’s characters, Ms. Kaling said that for her, the real story of Four Weddings is about friendship.

“Friendships, friendships that look like the friendships I have with my friends that are filled with people who look like that I don’t get to see. But the essence of the friendships that he had in his incredible cast in his film, we wanted to share that with these guys. And there’s so many other actors who are not here, who are in London and all over the world, who filled out the cast,” she said.

Four Weddings and a Funeral airs Tuesdays starting Dec. 17 at 10:35 p.m. on Blue Ant Entertainment. Blue Ant Entertainment is available on SkyCable channel 53 (SD) and 196 (HD), Cignal Philippines channel 120, and via other cable providers. — ZBC

DMCI’s QC project generates P8.6-B in reservation sales

DMCI Project Developers, Inc. said its residential project in Quezon City is close to selling out, having generated P8.615 billion in reservation sales so far.

In a statement, the company, which operates under the DMCI Homes brand, said Infina Towers is now 92% sold as of Nov. 18. Only 185 units are available for sale.

“We’re optimistic of selling out the remaining units soon because of the strategic location of the project and future growth prospects in the area,” DMCI Homes Assistant Vice President for Project Development Dennis Yap was quoted as saying.

Located along Aurora Boulevard, Ifina Towers is located near two proposed stations of the Metro Manila Subway — Anonas and Katipunan Ave.

The two-tower resort-inspired project is targeting first-time buyers, start-up families and investors. The 39-storey North Tower and 40-storey South Tower offers a mix of one-bedroom, two-bedroom and three-bedroom units, sized from 27.50 square meters (sq.m.) to 89 sq.m.

Unit prices start at P3.601 million.

DMCI Homes is aiming to turn over units at the North Tower in September 2021, and units at the South towers in September 2022.

Digitizing social payments to yield gov’t savings

A FULLY DIGITIZED social payments scheme could help save the government $100 million annually, according to a study published earlier this month.

The Better Than Cash Alliance study entitled “The State of Digital Payments in the Philippines” also said the fully digitized disbursement of social payments may also result in about 11 million accounts, thereby improving financial inclusion.

“Digital transfer of social benefits can be the first step in the digital payments journey for a large number of financially excluded Filipinos. This can have a knock-on effect on other digital payment use-cases,” the study said.

Sought for comment, FinTechAlliance.ph Chairman and Rizal Commercial Banking Corp. Chief Innovation and Inclusion Officer Angelito “Lito” M. Villanueva said decreased expenses could come from the “huge administrative costs from manual disbursements of payouts thru cash conduits.

“This is aside from the expensive cash handling involving transporting and securing those physical bills in various far-flung cities and municipalities,” he said in a text message.

Based on data collated by the study, the conditional cash transfer scheme in the country benefits over four million households, which is among the largest globally.

Additionally, the country’s social benefits system mandates all private and public sector employees to be registered to the Social Security System and to the Government Service Insurance System for those employed in the public sector.

“Of all social benefit payments, 45% are made digitally (primarily using cash cards). The remaining 55% of payments not yet digitized presents a real opportunity,” the study said.

“Imagine having all [social benefit payment] transactions digitally. It would surely result to cost savings, efficiency, transparency, security and speed,” Mr. Villanueva said.

Meanwhile, the study recommended that the technical working group (TWG) for Public Finance Management (PFM) of the Department of Budget and Management (DBM) should continue its push to encourage government agencies the use of electronic payments as different offices are currently at different points of progress in terms of their adoption of digital payments.

“The discussions of the TWG may include allowing the government to contract vendors after conducting due diligence,” the study said, noting that it would help budgeting decisions for the DBM while allowing agencies to look into transaction fees for digital payments to suppliers and individuals.

Last week, the Bangko Sentral ng Pilipinas (BSP) said the report found that the volume of e-payments usage in the country grew to 10% of total transactions in 2018 from barely making up 1% in 2013.

Value of e-payment transactions also increased to comprise 20% of transactions, from 8% in 2013.

The central bank targets to make 20% of transactions digital by 2020 and also wants 30% of transaction value done through e-payments.

Mr. Villanueva said the BSP will “no doubt” hit its target for volumes. — Luz Wendy T. Noble

Del Monte swings to loss in 2nd quarter

DEL MONTE Pacific Ltd. swung to a loss of $37.35 million in the second quarter of its 2020 fiscal year because of one-off expenses as it shuttered a number of plants in the United States.

The listed canned fruits manufacturer told the stock exchange yesterday it booked an attributable net loss in the August to October period from last year’s profit of $8.43 million.

This accounted for the company’s one-off expenses in US subsidiary Del Monte Foods, Inc. (DMFI) which closed four production facilities to improve capacity utilization.

Minus the one-off items, Del Monte’s attributable net income in the second quarter soared 118.1% to $15.93 million, driven by the 64.7% jump in its operating profit to $47.22 million.

In the six-month period, the company’s attributable net loss reached $75.62 million from last year’s attributable net income of $11.45 million. Without the one-off items, attributable net income stood at $20.07 million, an almost six-fold increase from $3.57 million in the year prior.

Revenues during the period slipped 5.9% to $934.61 million as the slowdown in its US operations weighed on the improved performance in the Philippines and S&W in Asia.

The company said moving forward, it expects to “improve operational efficiency, reduce costs and increase margins” from the reevaluation of its US plants and the introduction of more health and wellness products.

“The plant restructuring in the US is a necessary step for us to remain competitive in a rapidly changing marketplace,” Del Monte Managing Director and Chief Executive Officer Joselito D. Campos, Jr. said in the statement.

“Ongoing transformational initiatives at DMFI are already showing a positive impact on FY2020 results, and DMFI is on track to exceed recurring EBITDA targets for this financial year. We are maintaining solid market share across legacy categories, while expanding into other new growth categories and channels,” he added.

The company previously said it is looking at options to refinance the loan facilities of DMFI valued at $442.5 million.

Shares in Del Monte at the stock exchange dipped 0.16 points or 3% to P5.17 each on Monday. — Denise A. Valdez

Puppeteer Caroll Spinney, Sesame Street’s Big Bird, 85

NEW YORK — Caroll Spinney, the puppeteer who brought boyish vulnerability to Big Bird, the towering yellow-plumed character, during 50 years on the groundbreaking children’s TV show Sesame Street and even made garbage-loving Oscar the Grouch loveable, died on Sunday at the age of 85, the Sesame Workshop said.

Spinney, who suffered from the movement disorder dystonia, had provided only Big Bird’s voice since 2015 while another puppeteer was in the costume.

“We at Sesame Workshop mourn his passing and feel an immense gratitude for all he has given to Sesame Street and to children around the world,” the show’s co-founder Joan Ganz Cooney said in a statement on Sunday.

Big Bird, Oscar and Spinney were part of Sesame Street when it made its debut Nov. 10, 1969, with the goal of entertaining and educating young children, especially those in low-income families.

Spinney announced his retirement at age 84 in October 2018 after completing episodes that were to be aired in 2019 to mark the show’s 50th year.

With Spinney inside, Big Bird danced with the Rockettes at Radio City Music Hall, sang at Carnegie Hall, passed out Emmys, appeared on the cover of Time magazine and toured China with Bob Hope. He performed with everyone from Johnny Cash to Michael Jackson.

Spinney’s career inside the Big Bird costume was portrayed in the 2015 documentary I Am Big Bird. The film covered some of his darker moments, including suicidal thoughts after his first wife left him and took their kids, and the jealousy he felt when the character Elmo became more popular than Big Bird.

The beloved Big Bird was a fluffy pear-shaped mass of yellow-dyed turkey feathers set atop spindly legs and standing more than eight feet tall. At first he was a dim-witted goof but Spinney developed him into a character whom children could relate to — an excitable naïf with the sensibilities of a six-year-old who was learning letters and numbers just like the young viewers who adored him.

Big Bird was often flustered but persevered with the help of his neighbors on Sesame Street, where puppet creatures and humans lived side by side.

“Through Big Bird I’ve learned things that have changed my life, lessons that have stayed with me even when I’m not in the puppet,” Spinney said in his book, The Wisdom of Big Bird (and Dark Genius of Oscar the Grouch). “I’m certain that being a bird has made me a better person.”

In a statement announcing his retirement, Spinney said: “Even as I step down from my roles, I feel I will always be Big Bird. And even Oscar, once in a while.”

Spinney said Big Bird’s voice was actually his own, just a little higher, but bringing him to life was physically demanding. He had to keep his right hand straight up in Big Bird’s head while his left arm was in the costume’s left wing. He operated the right wing by pulling on a cord and used an interior video monitor to see what was going on in front of him.

Spinney was close to Jim Henson, the man behind Sesame Street and the Muppets puppet troupe, and he wore the full Big Bird costume when he sang the Muppet anthem “Bein’ Green” at Henson’s funeral in 1990.

Big Bird and death also were part of one of most memorable moments on Sesame Street. Actor Will Lee, who played storekeeper Mr. Hooper, died in 1982, and it turned into a lesson for children as the show’s cast gathered around Big Bird to explain the loss of the friend who had made him bird-seed milkshakes.

“When we finished there were tears on all the actors’ faces,” Spinney said in an interview on the Sesame Street website. “When I came out of the suit, I had to have a towel because I had been crying.” — Reuters

Capitol Commons sparkles with lights display

ORTIGAS LAND, formerly Ortigas & Company, unveiled an outdoor light installation at the Capitol Commons Park in Pasig City.

Inspired by the popular “Urban Light” display at the Los Angeles County Museum of Art (LACMA), “Lights at the Park” is expected to attract Filipinos looking for that perfect Instagram-worthy shot this holiday season.

The display features 42 lamp posts in varying heights with 50,400 lightbulbs. It is open to the public from 6 p.m. to 11 p.m. every day until Jan. 5, 2020.

The mixed-use estate Capitol Commons is home to the Estancia Mall.

Indonesia facing ‘new norm’ of low inflation — central bank

BANK INDONESIA said the country has entered a “new norm” of historically low inflation, which can affect interest rates. — REUTERS

INDONESIA has entered “a new norm” of historically low inflation, according to a senior central bank official, possibly portending an era of lower interest rates.

While Indonesia has in the past seen inflation around 6% — even in double digits — “right now there’s a new norm. We already have 3%,” Bank Indonesia Senior Deputy Governor Destry Damayanti said in an interview in Jakarta. “If we can maintain inflation at this level, of course this will be reflected in our interest rate.”

The comments come as Indonesia’s central bank adopts a more cautious approach to lowering interest rates further. While additional easing remains on the table, Ms. Damayanti said Friday a further adjustment to the key rate “is not the only weapon” the central bank can employ.

As global growth slows, Indonesian officials have become increasingly worried about the state of Southeast Asia’s largest economy. The government has revised down its 2019 growth projection several times, with the economy now on course for its slowest expansion since 2017.

Ms. Damayanti flagged that rates may remain on hold as the bank waits to gauge the impact of an aggressive stretch that has seen 100 basis points (bps) of cuts since July. Despite continued weakness in the economy, Damayanti said the depth of easing may not end up matching the extent of last year’s 175 bps of tightening.

“We cannot say that. It really depends on the situation, global and also domestic,” she said. “We still have to maintain the attractiveness” of Indonesian assets, she added, pointing to the spread between local and US rates.

NOT GOOD ENOUGH
Indonesia’s economy has lost momentum in every quarter this year. Gross domestic product is forecast to expand about 5.1% this year, down from an initial projection of 5.3%.

“Is it enough if Indonesia only grows at 5%? Of course not,” Ms. Damayanti said. “We need more acceleration in growth.”

The impact of this year’s rate cuts will start to be felt in the first quarter of 2020, she said. Ms. Damayanti said the central bank is confident the economy will pick up in 2020, with growth expected closer to the midpoint of a 5.1%-5.5% range and private consumption seen growing about 5%.

While Bank Indonesia’s main objective is stability of the rupiah, reflected in part by the inflation rate, its focus more recently has been on supporting growth and fiscal stability. At the same time, inflation has been trending down in recent years after hitting 8.4% in December 2014.

Inflation for all of 2019 is expected to come in at 3.1% after the consumer price index hit a seven-month low of 3% in November. The central bank is set to cut its inflation target band to 2%-4% in 2020, from 2.5%-4.5% this year.

POLICY MIX
Bank Indonesia will keep policy accommodative to support growth, but may use other tools beside rate cuts, Ms. Damayanti said. Last month the central bank held its benchmark rate steady but lowered the proportion of funds banks must keep in reserve, a step to pump cash into the economy.

Ms. Damayanti said the bank might opt for further adjustments to reserve ratio levels and other macroprudential levers.

“We’re using a mixed policy,” she said. “The interest rate is not the only weapon we have.” — Bloomberg