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Breaking bad

Widows
Directed by Steve McQueen
STEVE MCQUEEN’s Widows is a sketch of urban corruption, a low-key indictment of racism and (a touch louder) misogyny, a rich character study. It’s also a hell of a crime pic.
The film literally begins with a bang: two men dragging a wounded third into a garage and into a van, the fourth hauling heavy bags of money; the garage door rolls open to a barrage of SWAT gunfire, the van flipped over by an expanding fireball.
McQueen doesn’t waste much time. Taking the original series (which he saw and loved at 13 years of age) and collaborating with writer Gillian Flynn (Gone Girl) he condenses six 50-minute episodes into an old-fashioned heist flick overstuffed with plot and subtext, the latter giving the former a thoughtful texture, the former goosing the latter to unruly seriously entertaining life. With the men dead we meet the women who suffer the consequences of their passing: Veronica Rawlings (Viola Davis), Linda Perelli (Michelle Rodriguez), and Alice Gunner (Elizabeth Debicki). Veronica’s husband Harry (Liam Neeson) stole the money (a cool $2 million) from gangster Jamal Manning (Bryan Tyree Henry), who wants all of it back in 30 days; Linda owns a store selling quinceanera gowns which (she learns) is being repossessed to pay for her husband Carlos’ (Manuel Garcia-Rulfo) gambling debts; Alice sports a bruise that her husband Florek (Jon Bernthal) has given her. Alice, in addition to the occasional beating, is also without a source of income; her mother Agnieszka (Jacki Weaver) suggests prostitution.
Veronica with the two million hanging over her head reaches out to a friend of Harry’s: Jack Mulligan (Colin Farrell), who pleads helplessness. She turns to fellow grievers and presents an alternate, more desperate solution: she found Harry’s notebooks outlining the details for projects past and planned; they — Harry and his companions’ widows — should carry out what should have been Harry’s next job, which should net them an even cooler five million.
The plan proceeds not without bumps, and here’s where the women’s resourcefulness comes into play: when they need a getaway driver Linda recruits her daughter’s babysitter Belle (Cynthia Erivo); when they need guns Alice feigns ignorance and approaches a seasoned gun owner — a woman — for advice, citing a fellow female’s need for home protection; later Alice pulls off an even bigger coup by seducing real estate developer David (Lukas Haas) into revealing to her the location described in Harry’s notebook (the plan maps the rooms and dimensions to the square foot but carefully refrains from naming the building). As Veronica explains to her co-conspirators, their biggest asset is being who they are. Why? “No one thinks we have the balls to pull this off.”
All this takes place against a background of big-city politics: Manning needed the two million Harry stole to fund his campaign for city alderman; helping Veronica recover that two million would have meant Mulligan — running for the same position — could lose. Turns out Mulligan is in deeper than he lets on, but part of what’s both infuriating and invigorating about the film is how men deny women aid or even simple recognition, either out of calculation or sheer cluelessness; the women are left with no choice but to seize the initiative for themselves.
There’s been discussion (by Richard Brody, in the New Yorker) of the film’s implied cynical politics (skip the rest of this paragraph if you haven’t seen the film!) — Manning is both a crime boss and corrupt political figure; Mulligan is involved with the unions and equally corrupt, though he has managed to keep some distance from the more violent criminal activities in the city. The film is accused of painting a withering portrait of unions and local city officials, has little to say about grassroots activism beyond its apparent uselessness. Some of this may have something to do with McQueen’s fatalism, on display in films like Shame and 12 Years a Slave; I submit that McQueen, like most cynics, is a closet romantic. Jack is dominated (or, to put it bluntly, cowed) by his father Tom (Robert Duvall), the most virulently racist and misogynist character in the film and a symbol of old moneyed white power; McQueen and Flynn solve Jack’s problem by having Tom shot in the course of the women’s heist. Jack wins the election mainly through sympathy votes and — it’s implied, flawed and steeped in corruption that he is — the newly placed alderman may represent the city’s best hope for renewal; at worse Veronica, who knows most if not all of Jack’s secrets, can expose him.
Brody also accuses the film of grafting much of the racial and political commentary to the plot without much thought to having one reinforce the other, and here I think he’s on more solid ground. We learn of a source of pain in Veronica’s marriage — involving an all-too-common police shooting — and aside from being a useful plot function, the flashback feels more like a nod to current events; more interesting is Jack’s awareness that he’s a white politician running in an increasingly black community (a subplot that may have been inspired by a similar one in The Wire) — and hopefully this awareness keeps the man in moral check.
I’m familiar with McQueen’s confident gliding camera style, how he uses it to counterbalance the heavy inevitability in his pictures; applied to this genre exercise it’s a refreshing tonic to the cliche of jangling footage cut to frenetic beat. McQueen’s camera pads after its characters, stalking them almost, a stealthy presence that only adds to the film’s sense of menace; the script, in turn, with its plot twists and action sequences, helps leaven McQueen’s usually glum nihilism. And in Davis, Debicki, Rodriguez, and Erivo he has a winning hand of queens bring the intricate script to life, add physical charisma and a lived sense of desperation to what, when all is said and done, is a terrific, underrated thriller.

‘Nut rage’ fallout: Korean Air chief exec ousted from board

SEOUL — Korean Air Lines Co Ltd shareholders removed chief executive Cho Yang-ho from its board in a landmark vote on Wednesday, making him the first founding family member of any South Korean corporate giant to be forced off a board.
The vote, which ended his 27-year tenure on the board of the country’s biggest carrier, adds fresh momentum to growing shareholder activism in Asia’s fourth-biggest economy, long dominated by corporate giants accused of ignoring minority investors.
The surprise win for minority shareholders also comes after U.S. activist hedge fund Elliott Management failed last week to convince investors to support its demand for a massive special dividend and board seats at Hyundai Motor Group.
“Today’s result is a wake up call that Korean Air family’s scandals starting from ‘nut rage’ have not been forgotten,” said Park Ju-gun, head of corporate analysis firm CEO Score.
“Although Cho doesn’t seem to lose a lot of his power without a board membership, it hits his image, and his family will behave much more carefully now that he realizes there are people checking on him and his management.”
Korean Air has been plagued in recent years by a series of scandals involving its founding family members, which culminated in the indictment of the 70-year-old Cho last year over charges of embezzlement and breach of trust. Cho has denied the charges against him.
The troubles began after Cho’s eldest daughter, Heather Cho, made headlines in 2014 when she lost her temper over the way she was served nuts in first class and ordered the Korean Air plane to return to its gate at a New York airport.
The incident, dubbed ‘nut rage,’ severely tarnished the carrier’s image and it was parodied on international TV and online for months.
In April 2018, Cho’s youngest daughter Emily Cho faced a storm of public criticism for allegedly throwing a drink at a business meeting attendee.
Both resigned from their senior positions at the airline in the wake of the scandals.
“The company’s reputation hit rock bottom and the business performance has suffered,” Chae Yi-bai, a shareholder activist-turned-lawmaker, said at the shareholders’ meeting on Wednesday, criticizing the Cho family for “the czar-like management style.”
A total of 64.1 percent of shareholders present at the meeting voted for the airline’s proposal, narrowly falling short of the two-thirds required for approving a three-year extension for Cho on the board.
The ball on Cho’s board removal was set rolling on Tuesday when South Korea’s National Pension Service (NPS), the airline’s second-biggest shareholder, said it will vote against the re-election of Cho.
Influential proxy adviser ISS had also recommended investors vote against the reappointment, citing “sufficient evidence of egregious governance concerns and material failure of fiduciary duty.”
CEO Cho did not attend the shareholders’ meeting as he is overseas, a Korean Air spokeswoman said. — Reuters

Dami Im at Salon de Ning

X-FACTOR Australia winner (and 2nd placer at thes 2016 Eurovision Song Contest) Dami Im will perform live at Salon de Ning of The Peninsula Manila on April 3 at 9 p.m. Manila-based R&B/soul singer Bea Lorenzo as her front act. Influenced by the likes of Norah Jones, Corinne Bailey Rae, Mariah Carey, and Beyoncé, she has gotten raves from fans and praise from critics for her exciting original songs, as well as for her covers of Carpenters, Carole King, and even Prince classics. Dami Im: Live in Salon de Ning is presented by Sony Music Philippines and The Peninsula Manila. There will be a door charge of P1,000, including one drink. For inquiries call The Peninsula Manila at 887-2888, extension 6694 (Restaurant Reservations), e-mail salondeningpmn@peninsula.com, or visit peninsula.com.

GERI eyes P900M from 4th Twin Lakes condo

GLOBAL-ESTATE Resorts, Inc. (GERI) is expecting to generate P900 million from its fourth residential condominium within the 1,200-hectare Twin Lakes in Laurel, Batangas.
In a statement on Thursday, the leisure and tourism property unit of Megaworld Corp. said that the 8-storey Twin Lakes Countrywoods will feature 129 units.
Units at the resort-inspired tower will have their own balconies that feature views of Taal Lake and Volcano, and Tagaytay.
Twin Lakes Countrywoods offers studio units (around 32 square meters), executive studio (around 37.5 sq.m.), and one-bedroom units (58.5 sq.m.). The tower is set to be completed in 2024.
“Twin Lakes Countrywoods will stand on a hill ridge of Twin Lakes that offers a breathtaking panorama of Tagaytay’s natural green landscape overlooking the world-renowned Taal Lake and Volcano,” Glenn Heraldo, head of sales and marketing of Megaworld Global-Estate, Inc., said in a statement.
Amenities will include a swimming pool, kiddie pool, a pool bar with a viewing deck, cabanas with grilling area, basketball court, kid’s club and kiddie room, outdoor playground, semi-indoor sports area, fitness center, lobby lounge, game room, and function rooms.
GERI has three other residential developments within Twin Lakes, namely The Vineyard Residences, Twin Lakes Manor, and The Belvedere. Each project has three towers.
GERI said it has sold around a thousand units worth around P6 billion from these Twin Lakes projects.
Late last year, the company opened Twin Lakes Hotel, its first hotel within the tourism estate development.
GERI saw a 14% rise in net income to P1.29 billion in the first nine months of 2018.
Shares in GERI went up by 2.38% or P0.030 to close at P1.29 apiece at the stock exchange on Thursday. — Vincent Mariel P. Galang

Commerzbank management pay cuts contrast with Deutsche Bank

FRANKFURT — Commerzbank’s chief executive was paid 32 percent less in 2018, contrasting with sharp rises for the top management at its potential merger partner Deutsche Bank.
The disparity, revealed in Commerzbank’s annual report on Wednesday, underscores a divide in the compensation culture of the German banking rivals, which are in talks over a merger.
The disclosure on pay came as the chairman of Deutsche Bank’s supervisory board said a decision on whether to move forward with a merger was just weeks away, while Commerzbank employees voiced opposition to a possible deal.
Commerzbank CEO Martin Zielke’s total compensation for the year was 1.97 million euros ($2.22 million), down from 2.88 million euros in 2017, compared with 7 million euros for Deutsche Bank’s chief Christian Sewing.
And pay for Commerzbank’s management board dropped by 24 percent in 2018, while Deutsche Bank’s board received total pay, including bonuses, of 55.7 million euros, up from 29.8 million euros a year earlier.
Commerzbank, 15 percent owned by the government after a bailout a decade ago, focuses on individual retail customers and financing small-and-medium sized corporate clients. Deutsche Bank in contrast operates a sprawling global investment bank.
The drop in management pay at Commerzbank comes despite its net profit rising to 865 million euros from 128 million a year earlier, although it scaled back revenue targets.
Commerzbank’s annual profit was more than twice the 341 million euros earned by Deutsche Bank. Commerzbank’s bonus pool for the broader workforce declined 41 percent to 134 million euros from 229 million a year earlier.
Deutsche Bank and Commerzbank both declined to comment.
TOO SMALL TO SCALE?
Separately, Deutsche Bank supervisory board chairman Paul Achleitner said that the banks aim to announce more concrete steps on the merger by late April.
Achleitner, speaking at a conference in Liechtenstein, said that a merger makes great sense from a macroeconomic perspective, but that the banks were still studying the operational value.
“Our problem may not be too big to fail, but rather too small to scale,” Achleitner said. “Size matters.”
The prospect of a merger is facing heightened opposition from Commerzbank employees.
The bank’s workers’ council sent a letter to board members on Wednesday to protest the merger, saying the idea lacked support among workers, customers and society.
“We are of the opinion that you will fall into an uncontrollable adventure without a solid plan, without a vision and without support,” the letter said. — Reuters

UnionBank sets up private bank for ultra-high net worth clients

UNIONBANK OF THE Philippines, Inc. launched its private banking services to offer wealth management for ultra-high net worth individuals and families.
In a press conference in Taguig on Thursday, the Aboitiz-led lender launched UnionBank Private Banking in partnership with private bank Lombard Odier (Singapore) Ltd.
“In UnionBank, we realized that there’s ever-evolving and changes in the area of private banking. It can be quite a challenge to address complicated financial solutions for our customers,” UnionBank Head of Private Banking Arlene Joan R. Tanjuaquio-Agustin told reporters yesterday.
“We need to address that and we aim to provide our customers expertise in wealth management and advisory as well as access to global investments.”
UnionBank Private Banking will also provide advisory on family services such as succession planning, wealth structuring, and philanthropy.
The private lending subsidiary of UnionBank targets individuals and families with a net worth of at least P100 million.
Apart from local relationship managers for face-to-face banking, the private lender will also provide an online platform to enable clients easier access to their investment portfolio with analytics.
“We will give the return on their investment when they go to the portal. We will also have timely and comprehensive reports which will be available on-demand,” Ms. Tanjuaquio-Agustin said.
Jose Emmanuel U. Hilado, UnionBank treasurer and chief finance officer, said the private bank eyes to grow assets under their management by 25% annually.
The partnership between UnionBank and Swiss private bank Lombard Odier stemmed as early as 2016 to provide the clients of the local bank access to the latter’s diversified and risk-based investment solutions and wealth management expertise.
In 2017, UnionBank launched a multi-currency fund of funds denominated in dollars and pesos, with the Swiss lender acting as a third-party investment consultant.
“As individual wealth increases, unique challenges are created. With the launch of this dedicated private banking arm, we will draw on the strength of our partnership to help clients better navigate these challenges,” Lombard Odier Group managing partner Annika Falkengren said.
Within the next five years, UnionBank President and Chief Executive Officer Edwin R. Bautista said its vision is to be one of the best and top-of-mind private banks in the country.
“Private banking is about understanding the client and providing the best advisers. We aim to deploy the best-trained and best-equipped private bankers,” he said.
Shares in the bank stood at P60.50 apiece on Thursday, flat from the previous close. — Karl Angelo N. Vidal

What to see this week

6 films to see on the week of March 29 — April 4, 2019

Dumbo


THE Disney live action adaptation of its animated 1941 original follows a down-on-its-luck circus whose fortunes change when a young elephant, Dumbo, with oversized ears is born and they learn that it can fly. The circus’ success attracts an entrepreneur who recruits Dumbo for his new entertainment venture, Dreamland. It’s not long before they realize that Dreamland has dark secrets. Directed by Tim Burton, the film stars Colin Farrell, Eva Green, Michael Keaton, and Danny DeVito. Variety’s Owen Gleiberman writes, “Dumbo has the look and atmosphere of a ‘sincere’ blockbuster that’s trying too hard. What it’s trying too hard to do, of course, is to justify its existence as another live-action version of a fabled Disney cartoon.” The film has a low 52% on review aggregate site Rotten Tomatoes.
MTRCB RATING: G

Backtrace

IMPRISONED in a psychiatric ward after suffering a brain injury in a bank heist, an inmate and ward doctor coerce MacDonald to break out of prison. Directed by Brian A. Miller, the film stars Ryan Guzman, Sylvester Stallone, Matthew Modine, Christopher McDonald, and Meadow Williams. Variety’s Joe Leydon writes, “Backtrace moves at a satisfyingly brisk clip, and actually manages to spring a surprise or two without unduly stretching credibility.”
MTRCB RATING: R-13

The Forgiven

A THRILLER based on real events, the film follows Archbishop Desmond Tutu who goes head-to-head with a clemency-seeking notorious murderer in a maximum security unit. Directed by Roland Joffé, the film stars Forest Whitaker, Eric Bana, and Jeff Gum. Simon Abrams of RogerEbert.com writes, “[The Forgiven] only succeeds as an ugly, empty-headed provocation.”
MTRCB RATING: R-13

Hotel Mumbai

BASED on a true story, the film recounts the events of the 2008 seige of Mumbai’s Taj Hotel. In the film, hotel chef Hemant Oberoi and a waiter risk their lives to protect guests from terrorists, while a couple makes painful sacrifices to protect their newborn child. Directed by Anthony Maras, the film stars Dev Patel, Armie Hammer, and Nazanin Boniadi. The Wrap’s Robert Abele writes, “As the situation intensifies, one of the movie’s strengths emerges in the depiction of the homicidal extremists prowling the hotel; they aren’t mere faceless villains or cookie-cutter baddies. Maras’ methodical depiction of their behavior — calm when killing, crying when wounded, crafty one second, feverish the next — adds an unsettling depth to the movie’s portrait of young religious fanaticism.” Review aggregate site Rotten Tomatoes gives the film a score of 69% and its Critics Consensus says “Its depiction of real-life horror will strike some as exploitative, but Hotel Mumbai remains a well-made dramatization of tragic events.”
MTRCB RATING: R-13

Maria

A FORMER cartel assassin fakes her own death after refusing to complete a mission. She then travels to the province in the hope to start a new life. Directed by Pedring Lopez, the film stars Christine Reyes, Jennifer Lee, Andrea Del Rosario, and KC Montero.
MTRCB RATING: R-16

Eerie

Every night, a guidance counselor in a conservative all-girls Catholic high school waits at her desk for midnight therapy sessions with the ghost of Eri, a student who committed suicide on campus more than a decade ago. When a student is found dead on campus, she suspects the murderer to be the school’s overseer. Directed by Mikhail Red, the film stars Bea Alonzo and Charo Santos-Concio.

Anhui Conch, Taiheiyo said among Holcim PHL bidders

CHINA’S Anhui Conch Cement Co. and Japan’s Taiheiyo Cement Corp. have been invited to the next round of bidding for LafargeHolcim Ltd.’s listed Philippines unit, people familiar with the matter said.
Philippine tycoon Ramon Ang’s Eagle Cement Corp. has also been selected for the next round, said the people, who asked not to be identified because the matter is private. Holcim Philippines, Inc. has also attracted interest from China Resources Cement Holdings Ltd. and Hongshi Group Co., the people said.
Europe’s biggest cement maker is exploring the divestment as part of a broader strategic review of its Southeast Asia operations following the sale of its Indonesian business. Shares of Holcim Philippines have risen more than 50% since Bloomberg News reported the potential sale in January, giving the cement maker a $1.3-billion market value. The stock snapped a three-day losing streak and rose as much as 3.6% on Thursday morning.
Binding bids are expected in the second half of April, although the timing could change, the people said. LafargeHolcim may seek to value the Philippines business at around $2.5 billion, though some suitors have indicated they think it is worth less, people with knowledge of the matter have said.
Deliberations are still ongoing, and LafargeHolcim could still decide against pursuing a sale if it can’t reach an agreement on terms, the people said.
Mr. Ang, who is chairman of Eagle Cement, said he can’t comment. A spokesman for Taiheiyo Cement said the company will always consider deals as it pursues expansion in Asia Pacific, declining to comment on specific targets. Representatives of Anhui Conch, China Resources Cement and Hongshi Group didn’t respond to requests for comment. A spokeswoman for LafargeHolcim declined to comment.
LafargeHolcim Chief Executive Officer Jan Jenisch said weeks ago that he expects further asset sales in the coming months. Bloomberg News reported in February that the cement giant is weighing options for its operations in the Middle East and Africa.
The Swiss firm last month sold its Indonesian unit to PT Semen Indonesia for $1.75 billion including debt. — Bloomberg

Online recruiting picks up in January, February — Monster

MONSTER.COM said online recruiting in the Philippines grew 16% year-on-year in January with growth slowing to 11% in February, with hospitality and health care jobs in greatest demand.

monster employment index
MONSTER

The online job recruitment site said Thursday that its Monster Employment Index (MEI) for January showed an “impressive” growth rate, with 11 of 12 industries monitored posting growth in hiring in both January and February.
It said demand for hospitality workers, as measured by job postings, grew 33% in January and 25% in February. Health care followed with 26% growth in January and 25% in February.
Monster.com-APAC and Middle East CEO Abhijeet Mukherjee said hospitality hiring was driven by government initiatives to improve the tourism sector and the reopening of Boracay after the island’s six month rehabilitation.
“With multiple initiatives and investments to boost tourism, the government is targeting 8.2 million visitor arrivals this year. This increasing influx of tourists, coupled with recent efforts to rehabilitate the popular destination of Boracay Island, makes it highly likely that the hospitality industry will experience steady demand for skilled talent in the near future. In order to sustainably host these tourists, businesses in the industry need to gear up and ensure that their talent needs are efficiently met,” he said.
Also posting growth were the logistics, courier/freight/transportation, import/export and shipping sectors (18% in February); banking, financial services and insurance (15%); and retail (15%).
Education was the only industry that posted declines in both months at minus 16% in January and minus 19% in February. — Gillian M. Cortez

TransUnion exploring cross-border credit data sharing

GLOBAL REMITTANCE FIRM TransUnion is exploring cross-border sharing of credit data, a tool seen to improve access to credit for overseas Filipino workers (OFWs).
In a statement, TransUnion Philippines said they are crafting an online system that will allow their customers to request to send their credit history to a foreign lender.
“Cross-border data sharing will assist OFWs in participating in the credit economy of their resident country and even after they decide to come home for good,” said Pia Arellano, president and chief executive officer of TransUnion Philippines.
“It will help open up more opportunities to access credit for purposes like entrepreneurship, obtaining mortgages and personal loans, or accessing the rental housing market, which can translate into more income for remittance, expenditure, or investment.”
The private credit bureau said there is scope to help OFWs and their families to tap bigger credit lines, given the record P32.213 billion personal remittances they sent home in 2018.
Remittances are equivalent to a tenth of the Philippines’ gross domestic product (GDP), which likewise supports household spending and domestic demand.
Cross-border sharing of credit data has been limited to the members of the European Union, given concerns on regulatory uncertainty and the lack of harmony of reporting guidelines among countries.
Ms. Arellano added that channels for global credit bureau coordination remain in a “nascent” stage, adding that they are pushing discussions on how to allow Filipinos to access their credit information wherever they are. In turn, this is expected to spur further economic growth.
TransUnion is one of four private credit bureaus accredited by the state-run Credit Information Corp. to handle and process consumer data, together with CIBI Information, Inc., Compuscan and CRIF S.p.A.
TransUnion’s credit scores cover historical data for credit cards, personal and car loans, as well as property mortgages collected from member banks, card issuers, lending companies and even cooperatives.
The firm assigns a three-digit credit score to individual borrowers, who are broadly classified as low, medium, or high-risk clients. The local unit of the Chicago-based credit scorer, in turn, provides banks and lending firms some insight as to whether a person is worthy of securing a loan. — Melissa Luz T. Lopez

Your Weekend Guide (March 29, 2019)

Photo exhibit at Edsa Shangri-la

SHANGRI-LA Plaza rounds off celebrations for International Women’s Month with the INSPIRE | WOMEN photo exhibit, which marks the 11th anniversary of fashion photographer Rxandy Capinpin, and his latest collaboration with clothier Levenson Rodriguez. Running until March 31 at the Mid-Level East Atrium, the exhibit showcases the women who have inspired the work of both Capinpin and Rodriguez and also presents the work of their students, as well as course specialists from the Institute of Creative Entrepreneurship | Fashion Arts & Design.

Angels in America: Millennium Approaches

ATLANTIS Theatrical Entertainment Group kicks off its 20th anniversary with the Tony award-winning Angels in America: Millennium Approaches by American playwright and screenwriter Tony Kushner. There will be performances from March 22 to April 7 at the Carlos P. Romulo Auditorium, RCBC Plaza, Makati City. Directed by Bobby Garcia, it stars Markki Stroem, Nelsito Gomez, Art Acuña, Pinky Amador, Angeli Bayani, Topper Fabregas, and Andoy Ranay. The play contains strong language and mature content and is meant for audiences over the age of 16. Set in New York City in the 1980s, Prior finds out that he has contracted the AIDS virus and his lover Louis leaves him; Joe, a closeted gay lawyer, struggles in a marriage with his drug addicted wife. The two couples’ fates intertwine throughout the story. For tickets, contact TicketWorld (www.ticketworld.com.ph, 891-9999).

Tales of the Manuvu

BALLET PHILIPPINES and National Artist for Dance Alice Reyes restage the 1970s classic Tales of the Manuvu, a rock-opera ballet that tells the creation story of the Manobo tribe from Mindanao. There will be performances from March 22–31 at the Cultural Center of the Philippines’ Main Theater. Jazz/rock band Radioactive Sago Project will perform live. Aside from the hour-long main event, the program consists of “Sun Down,” “The Weight on Our Toes,” and “Mama,” which are works by new choreographers; and “Chichester Psalms,” a restaging of another Alice Reyes piece that was first performed in 1973. Tickets are available through Ticketworld (891-9999, www.ticketworld.com.ph), the CCP Box Office (832-3704), the Ballet Philippines Box Office (551-1003).

The Phantom of the Opera

ANDREW Lloyd Webber’s musical The Phantom of the Opera has performances at The Theatre at Solaire until April 7. Based on Gaston Leroux’s novel of the same title, the story is set in the Paris Opera House where a young soprano becomes the object of The Phantom’s affection and he manipulates her career at the expense of the opera house staff and stars. For tickets and schedules, contact TicketWorld (www.ticketworld.com.ph, 891-9999).

Youth and music at MOA

A YOUTH fair featuring fun fair attractions, game booths, and musical performances by Autotelic, Leanne & Narra, Ian Sudiaxal, Feen, and MVRXX and Alwyn will be held on March 30, 4 p.m., at SM MOA By The Bay. All of the SM Youth Ambassadors will also be there including Tommy Esguerra, Richard Juan, and Kaila Estrada.

Short show

KWAGO, together with small press Comma, has invited artists Datu Arellano, Jose Tong, Erick Calilan, Miggy Inumerable, Gladys Regalado, Jorge Wieneke, and Vyxz Vasquez to respond to Tad Ermitaño’s A Curated Shelf exhibit through a performance of four minutes and 33 seconds each at Kwago Book Bar on March 30, 10 to 10:30 p.m. A Curated Shelf is composed of a series of two-month exhibitions with corollary events that respond to the shows. For the first A Curated Shelf, new media artist Tad Ermitaño give viewers a glimpse of the books that inform his life and work. Kwago is at Warehouse Eight, La Fuerza Plaza, Chino Roces Ave., Makati. Entrance is P300.

Perjury case vs Okada junked

THE PERJURY case against embattled gaming tycoon Kazuo Okada has been dismissed by the Manila City Prosecutors Office due to lack of evidence.
In a statement issued Thursday, Mr. Okada’s party said Senior Assistance City Prosecutor Francisco Salomon junked four counts of perjury filed by Tiger Resort Leisure and Entertainment, Inc. (TRLEI).
Kenji Sugiyama, named as TRLEI’s representative of the case, alleged that Mr. Okada committed perjury due to supposedly contrasting claims in his complaints before the Regional Trial Court (RTC) of Parañaque and before the District Court, Clark County in Nevada, United States.
TRLEI cited how Mr. Okada’s complaint before the Parañaque RTC filed on Aug. 29, 2018 stated that he “officially regained and or never lost the majority control of OHL (Okada Holdings Limited), UEC (Universal Entertainment Corp.), TRAL (Tiger Resorts Asia Limited), and complainant TRLEI.”
OHL owns 67.9% of UEC., a Japanese listed firm that owns TRAL. In turn, TRAL owns TRLEI, the local unit which owns and operates Okada Manila located within the state-run Entertainment City in Parañaque.
Mr. Sugiyama alleged that the statements presented before the Parañaque RTC contradicted Mr. Okada’s admission that he “lost control of, and was ousted from, UEC; and has not regained control thereof as of the date of said filing” in his complaint in the Nevada court.
TRLEI claimed the complaint before the Nevada court was filed on Aug. 24, 2018.
The prosecutor, however, did not consider the Nevada complaint in issuing his ruling, since TRLEI was not able to prove its authenticity nor was it subscribed to by Mr. Okada or his lawyer.
“We cannot just assume that respondent Okada has knowledge or knows the contents of the Nevada Complaint. In every criminal prosecution, the evidence must be tangible and verifiable and not be mere conjecture or speculations,” Mr. Salomon said in his 12-page resolution distributed to reporters by Mr. Okada’s camp on Thursday.
Mr. Salomon also noted that prosecution for perjury must show a willful and deliberate assertion of a falsehood.
“Settled is the rule that mere inaccurate statement under oath without malice does not amount to perjury,” according to the ruling.
“It is his belief that he never lost ownership and control of his shares in OHL, UEC, TRAL and TRLEI because he owns and retains almost 100 percent of his shares in OHL.”
The court also noted that Mr. Okada still owns almost 100% of shares in OHL since his children, Tomohiro and Hiromi, have yet to pay the inheritance taxes needed to make the transfer of shares official.
“The inheritance taxes were so high which Tomohiro and Hiromi cannot pay, and have not paid to date. Thus, these shares continue to be under his control,” according to the resolution. — Arra B. Francia