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British gin school starts Asian foray in the Philippines

By Jenina P. Ibañez

A BRITISH gin school and distillery is setting up headquarters in the Philippines as it expands throughout Asia in the next two years.

Nelson’s Distillery & School founder Neil Harrison said in an interview on Monday that the move is the first time the company has ventured outside the UK.

“The Philippines is the biggest gin drinking country in the world,” he said. “We’re hoping to put in another three or four (more schools) in the Philippines and then use this as a hub to expand through Asia, Middle East.”

The schools are targeted as leisure activities for a wealthy market and corporations.

Mr. Harrison said gin distilleries in the UK now number 600. He plans to set up shop in the Philippines to corner the local market.

“In the UK at the moment gin is extremely popular, but that’s now starting to level off, slow down a bit. So to keep our expansion going we’ve got to move countries,” he said.

After the Feb. 15 launch of its £500,000 investment in a school in Hilton Manila in Pasay City, the company is looking at building gin schools in Bonifacio Global City, Clark, and Cebu. He expects £10,000 weekly revenues from each gin school.

Next to its entry in the Philippines, the company is studying setting up shop in Hong Kong, Singapore, and Dubai. These expansions span until 2021.

They also plan to build a £500,000 distillery in the Philippines to supply high-end gin to affluent markets.

Mr. Harrison said the Philippines is a convenient logistics hub to access markets in Asia.

“We’ll use the Philippines as a hub to supply to the countries we’ve talked about, so the rest of Asia really. It’s a lot more tax efficient to make it over here than it is in the UK,” he said.

He said he was not concerned about the new sin tax reform law that raised excise taxes on alcohol.

“If you bother about price, our gin is not for you. Our gin is very, very high end,” he said.

After the UK’s exit from the European Union, Mr. Harris said investing in the rest of the world becomes equal to investing in Europe.

“There were some breaks to invest in Europe when we were part of the European Union. Now there aren’t, so the maths makes a lot more sense to invest in other countries,” he said.

The company also plans to expand to Australia, Canada, and the US.

More Filipinos using credit cards for e-payments

CREDIT CARD consumers in the country are becoming more at home with digital transactions, with more of them accessing online services for big services like travel and lodging, according to Citibank NA’s Philippine Branch (Citibank Philippines).

“More than 50% of our customers that are coming into credit cards are coming through digital channels, and more than 70% of our loans are now acquired through digital channels,” Citibank Philippines Managing Director and Consumer Business Manager Manoj Varma said at the launch of the Citi PayAll service held in Makati on Tuesday.

The bank said the increase in digital transactions coursed through their credit cards is in line with the central bank’s target to turn the country into a cash-lite society.

“We are very much sold on supporting the central bank and the government in its inclusion and its digitization efforts. We are very much committed to helping achieve [their target] in the coming years,” Citibank Philippines Chief Executive Officer Aftad Ahmed said at the event.

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno has said they are targeting to have 20% of the total volume and 30% of the total value of transactions in the country done digitally.

Mr. Diokno also wants 50% of transaction volumes in the country done digitally by the end of his term in mid-2023.

Citibank Philippines said Citi PayAll will cater to consumers that need to use their cards for large purchases.

“Naturally, you would see the largest payments happen on things like travel, lodging. On large ticket purchases, things like appliances that they want to buy for their house,” Mukul Sukhani, Cards and Loans Head, Global Consumer Group at Citibank Philippines, said during the event.

Meanwhile, Citi PayAll, which can be availed through the bank’s app, will allow users to pay for specific big payments including rents, school fees, general insurance policies, and professional fees via their credit card. Every payment will give customers either miles that they can use for traveling or cash backs, depending on their choice.

“We have flexible payment options set starting six months and go all the way up to actually 48 [months]…you can even choose to make the payment immediately,” Mr. Sukhani said.

Customers that opt to use Citi PayAll have a maximum limit of P200,000 per transaction with transaction fees of up to three percent per usage. Every month, up to six transactions with aggregate amount of P1 million will also be allowed. — L.W.T. Noble

D.M. Wenceslao tapped to lease land for next St. Luke’s hospital

D.M. Wenceslao and Associates, Inc. (DMW) has been tapped by St. Luke’s Medical Center to lease a parcel of land in Aseana City for a new hospital in the Bay Area.

In a statement yesterday, the listed property and construction firm said it had signed a memorandum of understanding with the hospital operator to enter a 50-year lease contract for a 13,896-square meter land in Parañaque City.

This would bump up DMW’s portfolio of leasable space to 261,888 square meters, where 171,974 square meters comprise the total leased land area and 89,914 square meters the total leasable floor area.

“We are thrilled that St. Luke’s Medical Center has chosen Aseana City for its flagship hospital in the Manila Bay area. The signing of this agreement with the country’s leading health care institution achieves another important milestone towards the development of Aseana City,” DMW Chief Executive Officer Delfin Angelo “Buds” C. Wenceslao said in the statement.

He noted the integration of a tertiary hospital in Aseana City would help DMW fulfill its goal of building a “complete community” in the mixed-use development.

St. Luke’s currently has two hospitals located in Quezon City and Taguig City and an extension clinic in Manila City. The two hospitals have a total of 1,146 rooms, where annual in-patient admissions average 60,321 and outpatient consultations is about 2.7 million.

St. Luke’s President and Chief Executive Officer Arturo S. Dela Peña said the company is looking to expand the scale of its operations further as it sees a “compelling opportunity… to respond to our customers’ needs.”

“Aseana City not only offers the right location to capture the robust health care growth in the country and South East Asia, it also takes a holistic approach throughout its master plan, while setting standards for sustainability,” he was quoted in the statement as saying.

“With access to all terminals of the Ninoy Aquino International Airport and the rapidly growing population centers south of Metro Manila, this new facility will be at the forefront of convenience to patients and health practitioners alike,” he added.

Shares in listed DMW closed flat on Tuesday at P9.15 each. — Denise A. Valdez

‘The democratic hand’ and the primacy of ideas over execution

Works by pioneering conceptualist Sol LeWitt
to be featured in Art Fair Philippines

By Sam L. Marcelo, Associate Editor

FINDING a Sol LeWitt (1928–2007) in Art Fair Philippines is as unexpected as finding a vegan in a steakhouse. In his biography of LeWitt — a luminary figure in conceptual art — Lary Bloom writes that the artist, through his manifestos, urged people to “steer away from what is known and what is safe (and what is commercial).” What, then, are two of his wall drawings doing at an art fair, which is, by definition, a commercial endeavor?

“The LeWitt Estate indeed avoids installing his wall drawings in art fairs as a matter of policy,” said Carina Evangelista, a New York-based curator and writer who spent two years corresponding with Sofia LeWitt, the artist’s daughter, just to get LeWitt’s wavy lines and words onto the walls of The Link car park in Makati City.

The works will be drafted by Filipino artists and writers whose names carry weight in the local scene. Assembling a stellar cast contains a dash of irony since the crux of LeWitt’s practice was “the democratic hand” — a phrase that means any of the fair’s 40,000 visitors could have executed the works. For LeWitt, what mattered was the idea: if an artist has thought things through, he wrote in “Paragraphs on Conceptual Art,” then the “execution is a perfunctory affair.”

In this e-mail interview, Ms. Evangelista explains how she got Sol LeWitt into Art Fair Philippines, the triumph of thinking over doing, and how Shop 6 — a motley crew of artists led by Roberto Chabet — embodied LeWitt’s ideas in the Philippines.

SLM: Could you walk us through the thought process behind bringing Sol LeWitt to this year’s edition of Art Fair Philippines? Why him after Weegee, the street photographer whose work you brought in last year. It’s quite a turnaround from Weegee’s gritty photojournalism to conceptualism.

CE: Lisa Periquet, Trickie Lopa, and Dindin Araneta actually approached me about bringing LeWitt to Art Fair Philippines right after they saw my inclusion of a LeWitt work in Counterfeit Monochromes, the 10th anniversary exhibition I mounted for MO_Space in December 2017.

Weegee’s iconic photographs provided the context for a public talk to which I invited Raffy Lerma and Ezra Acayan to present their work [in 2018]. The searing images they have captured left some members of the audience at the art fair in tears, providing a barometer for the fact that even at something like an art fair, Filipinos are in fact bewildered by the toll of the drug war rhetoric that transformed policy into practice.

Although programming such as this might come across as radically different from conceptual art (which is the kind of art that is really my cup of tea), what has in fact drawn me to conceptualism is its predisposition for institutional critique and political content. It bears noting that the roots of Conceptualism can be traced not just to the US but also to Latin America, practically birthed by political upheavals there. Conceptual form and thought can thrive on social and political conditions. Although LeWitt was never overtly political, the very inception of the Wall Drawing series was for an exhibition that was clearly political in nature, the Benefit for the Student Mobilization Committee to End the War in Vietnam, an exhibition at Paula Cooper Gallery in New York in 1968.

Asked whether art should have a social or moral purpose, his response was, “No, I think artists should have a social or moral purpose.” [The exhibition thesis I had for Counterfeit Monochromes was in fact premised around the social realities in the Philippine context that underpinned the lexicon of conceptual forms.]

SLM: By accounts, Sol LeWitt is not the kind of artist one would see at an art fair. How did you get permission to mount his work? And how do LeWitt’s wall drawings function in the context of an art fair?

CE: The LeWitt Estate indeed avoids installing his wall drawings in art fairs as a matter of policy. This Special Project took two years of corresponding directly with Sofia LeWitt, Sol’s daughter, who patiently listened to my advocating for such a project at Art Fair Philippines, pointing out the astonishing volume of as many as 40,000 visitors, comprising mostly students.

In a way, Art Fair Philippines provides the annual event to which this many Filipinos are able to consider both the contemporary art that’s out in the market, works by Philippine masters, and some international art. I spoke of how interesting LeWitt’s conceptual approach to ordinary materials and bare walls allows us to consider what walls are, what walls speak, what walls accrue, what walls become.

How such conceptualism works in the context of an art fair specifically here in the Philippines is its proposition about “the democratic hand” — that such art can be made even by hands not necessarily academically trained.

While Philippine appetite for art can tend to hew close to photorealist virtuosity and whereas an extremely robust strand of Philippine contemporary art is social realism (particularly as a record of artistic response to the repression of the Martial Law years during the Marcos regime), it is important to provide a platform for the likewise consistent output of Philippine conceptualists who are not driven by the urge to paint hyperrealist work, to trade in social realist imagery, or to indulge in “pakapalan ng pahid ng oil paint” (who can apply oil paint thicker).

This is not to knock this kind of output that has always fared well in the art market because there IS room for everything. It is to suggest that an understanding of conceptualism could round out the understanding of contemporary art that Art Fair Philippines attempts to cultivate. LeWitt’s conceptualism that started out with among the most basic elements of art and design — the line — proved to be extremely generative in ideas. The examples of his wall drawings posit what incredible range of forms is within the realm of possibility and imagination even within the restrictive or prescriptive parameters of instructions for abstract forms.

Sofia LeWitt was quite patient with all my questions and helped figure out what would work given whatever logistical constraints we might have while ensuring that the project is installed in the spirit of LeWitt’s conceptualism. Anthony Sansotta, the Artistic Director of the Sol LeWitt Estate, and John Hogan, Installations Director and Archivist for Sol LeWitt Wall Drawings at Yale University Art Gallery, were both generous with their time and the “institutional memory” of which they have been custodians from decades of having worked side by side with Sol on hundreds of installations. [When I mentioned to John Hogan that I relish the thought of LeWitt’s commitment to “the democratic hand” gracing the walls in an art fair in a country currently under rule of self-proclaimed “iron fist,” he said that if LeWitt were alive, he would agree.]

SLM: From an art historical perspective, could you describe how groundbreaking LeWitt and his approach to art-making were. As I understand it, the primacy of the idea over authorship/execution when it comes to conceptual art was — and still is, in some quarters — controversial.

CE: LeWitt laid the precepts of conceptualism in his writing such as “Sentences on Conceptual Art” and “Paragraphs on Conceptual Art.” These articulated what artists in the 1960s were discussing and exploring as they tried to break free from the traditional notions of how to make and exhibit art.

With premium given to the idea and to process, art could now be made with anything (including the artists’ own bodies and thus yielding to performance art), made anywhere (any wall in LeWitt’s case; out in the fields or the desert in the case of land/earth art), and made any which way (as enumerated in Richard Serra’s 1967–1968 Verblist that suggested “to shave / to smear / to fold / to tear / to scatter / to hide / to discard / to weave / to erase / to spill / to knot…” are viable ways of making art.

If this remains controversial in some quarters, it is from the distaste for work that does not look like it warranted skill or talent to produce or work that looks happenstance or work that doesn’t seem invested at all in looking beautiful or work that was fabricated by someone else.

A bunch of lines drawn directly on the wall with markers or a tautological sentence written directly on the wall would easily be dismissed with “And you call this art?” And yet, the incredible range of variations that such attitude toward making art has indeed pushed the frontiers of how art can be made, how art can look, and what meanings art could mine or what questions art could trigger.

SLM: LeWitt wrote “Paragraphs on Conceptual Art,” a manifesto of sorts published in 1967. Which of the comments he made there, in your opinion, are the most relevant today?

CE: It would have to be this: “The idea becomes a machine that makes the art.” It is what has made Conceptualism truly generative. And contrary to the notion that conceptual art is dry, that it can really be done with any medium has meant not just more than 1,300 permutations of what a wall drawing can be for LeWitt.

In the Philippines, this spirit was embodied by Shop 6, the loose organization of artists that actively filled the walls of an empty commercial stall in Pasay from 1974 to 1975. Joe Bautista, Ed Castrillo, Roberto Chabet, Joy Dayrit, Danny Dalena, Nap Jamir, Julie Lluch, Red Mansueto, Joe Mendoza, Fernando Modesto, Yola Perez-Johnson, Allan Rivera, and Judy Sibayan were among the artists who flouted the medium-defined disciplines of painting and sculpture at Shop 6 by exhibiting all manner of things, ignited and driven by ideas.

The conceptual output of this group at the time was perceived as an artistic indulgence when the repressive chapter of Martial Law was in fact making the ground fertile for social realist tableaux. But conceptualism allowed the artists a language that defied Imelda Marcos’s “the true, the good, and the beautiful” attempt with her cultural propaganda to perfume and mask the grotesquerie and brutality of the regime.

Shop 6 mounted exhibitions on a WEEKLY basis — perhaps with a sense of urgency, of stealthily evading the radar of censors, or with a feverish energy during a time marked by nightly curfews. The Shop 6 impetus was a direct action that was indirect: a series of shows akin to garage theater, the only injunction of which was artistic experimentation — essentially the willful exercise of freedom of expression. Instead of boycotts or sit-ins: a series of art-ins.

Although critics of Conceptualism might find the method responsible for “deskilling” in contemporary art practice — whereby academic training is no longer needed or the virtuosity of the artist’s hand no longer appreciated, it has truly given license to the “democratic hand” and it continues to place a premium on the weight of the idea.

SLM: To add some personal color — what’s favorite LeWitt work and why?

CE: With me, it’s not a matter of a much-coveted piece from an artist’s oeuvre as it is about the spirit of an artist’s attitude or output. But if I have to pick from the wall drawings that number more than 1,300, I’d pick Wall Drawing #897. It’s a simple piece painted in irregular shapes in glossy white at the top and in flat white at the bottom. Such a simple piece yet so evocative of quality that the work itself, once the paint has dried, is physically not. It makes the wall look like moisture has condensed on its surface or that the wall is somehow weeping.

Indonesia’s central bank may cut key rate as virus hits economy — Reuters poll

ANALYSTS expect Bank Indonesia to cut its key rate. — REUTERS

JAKARTA — A slim majority of analysts polled by Reuters expect Indonesia’s central bank to resume its easing cycle at its policy meeting this week to provide a cushion for the expected economic impact from the coronavirus outbreak.

Sixteen of 28 economists in the survey expected Bank Indonesia (BI) to cut the benchmark 7-day reverse repurchase rate by 25 basis points (bps) to 4.75% at a two-day policy meeting that ends on Thursday. The other 12 predict BI will hold the rate at 5%.

A cut this week will be the fifth since BI began a monetary loosening cycle in May. BI’s total of 100-bp rate reduction and lending rules relaxation in 2019 were intended to support Southeast Asia’s largest economy amid a global economic slowdown.

Despite the impact of the coronavirus outbreak, Deputy Governor Dody Budi Waluyo said in early February that BI remained confident that economic growth would rebound this year after slipping to 5.02% in 2019, the slowest in three years.

But some independent economists and ministers have begun to flag downward risks to 2020 growth from the epidemic, as China is Indonesia’s largest trade partner, and a major source of investment and foreign tourists.

The COVID-19 virus has killed more than 1,800 people in mainland China.

“There is a serious risk that disruption in China’s manufacturing activities would affect global supply chains, affecting growth in regional economies, including Indonesia,” said Satria Sambijantoro, economist with Bahana Sekuritas in Jakarta.

“The upcoming slowdown would need preemptive fiscal and monetary policy responses,” said Sambijantoro, one of the economists who predicted BI would cut rates.

Chief Economics Minister Airlangga Hartarto forecast an up to 0.3-percentage point reduction in Indonesia’s gross domestic product growth this year if China’s growth lost between one to two percentage points.

The government has pledged to boost spending and provide incentives for the tourism sector to bolster economic activity.

Advocates for leaving rates unchanged believe uncertainties caused by the COVID-19 were a reason not to cut rates.

Rahul Bajoria, Barclays’ economist, said BI will be “reluctant to ease monetary policy further when global financial markets are cautious over the coronavirus outbreak in the region.”

Indonesia suffered bouts of capital outflows linked to fears of the outbreak’s impact on global growth earlier this month, prompting the central bank to intervene in the currency and bond markets.

BI had in the past been wary of cutting rates when the rupiah is weak. But despite the outflows, the rupiah is still up around 1.7% against the dollar so far this year, putting it among the best performing emerging Asian currencies. — Reuters

DPWH readies NLEx ‘Segment 8.2’

THE Department of Public Works and Highways (DPWH) is looking to start this year the construction of 8.35 kilometers of the 11.5-kilometer NLEx “Segment 8.2” project linking C.P. Garcia Avenue in Diliman, Quezon City to Segment 8.1 at Mindanao Avenue in Novaliches, Quezon City.

“Definitely we’re gonna start it this year, and hopefully we get a significant accomplishment before the end of the term of the President,” DPWH Secretary Mark A. Villar said last week on the sidelines of the final inspection of the Malabon Exit of the 2.6-kilometer C3-R10 Section of the NLEx Harbor Link Segment 10. He said the government is currently working on the right-of-way (ROW) for the P7.48-billion project.

Mr. Villar said further that the government faces several challenges in acquiring the ROWs as various families will be affected. “Kailangan bigyan ng housing (We need to provide housing for these families). At this point, nakikipag-coordinate kami sa NHA (we are coordinating with the National Housing Authority),” he said. — Arjay L. Balinbin

Denise Weldon and Tom Epperson at Art Fair Philippines

PHOTOGRAPHERS Denise Weldon and Tom Epperson are once again sharing a booth in this year’s edition of Art Fair Philippines. Better known for their commercial work, Ms. Weldon and Mr. Epperson will present fine-art prints in Rooted and Sand Series, respectively, in a space designed by Migs Rosales and Team Caramel Creative Consultancy.

Rooted continues where Ms. Weldon’s previous suite of horticultural specimens left off. Taking the place of last year’s banana blossoms (puso ng saging), Mexican turnips, luffa gourds (patola), lemons, and white squash are black radish, celeriac, taro (gabi), ginger, and white radish.

“To me, they are beautiful sculptures not formed by human hands. These gifts, glorious and gorgeous in their earthly amazingness, come from deep beneath the surface. They are root crops, full of nutrients and minerals, grown in and then pulled from the nutrient-dense soil of Mother Nature,” said Ms. Weldon in her artist’s statement. “Oven-baked by the ultimate source, they are birthed into their simple spectacularness, exposed to a quiet pressure that forces their growth to move from their seed form up.”

Mr. Epperson’s Sand Series, meanwhile, was inspired by the song “Ventura Highway” by the band America. Struck by the lyrics “Alligator lizards in the air, in the air,” Mr. Epperson did a little digging and found that the line was based on the true story of two brothers on a family road trip down the California coast. As their father dealt with a flat tire, the two boys amused themselves by calling out cloud shapes in the sky.

“It got me thinking that at what point in our lives do we lose our childlike wonder and imagination?,” said Mr. Epperson in his artist’s statement. “Somewhere along the line, we as adults have forgotten what it is like to be a child — to see the beauty in the simple things that nature provides us. My concern is that we are destroying the planet at an alarming rate and if we keep up at our present pace, these very simple things we take for granted may soon disappear.”

What the sky is to “Ventura Highway,” the beach is to Sand Series. Mr. Epperson, an avid surfer who has carved waves all around the world, presents formations drawn on the shore by wind and water. “I love seeing the world through a child’s eye,” said Mr. Epperson, whose son jumpstarted this series. — SLM

Intesa Sanpaolo spurs bank M&A with UBI bid

INTESA SANPAOLO SpA launched one of the biggest European banking deals since the financial crisis with an unsolicited 4.9 billion-euro ($5.3-billion) bid for smaller rival Unione di Banche Italiane SpA (UBI).

Under the offer, UBI investors will get 17 new shares of Intesa for every 10 UBI shares they hold. That valued UBI at about 4.25 euros a share, Intesa said in a slide presentation.

Shares in UBI rose as much as 29% to €4.41 euros — above the bid price — in Milan, while Intesa added 3.6% on Tuesday, as most Italian banks jumped on news of the bid.

The all-share offer, announced late Monday, was made without the knowledge of UBI Banca’s board, according to a person with knowledge of the matter. The directors will meet as soon as Tuesday to discuss the bid. A UBI representative declined to comment.

Large-scale consolidation in European banking has stalled since the financial crisis despite the widely held view that greater scale would make struggling lenders more competitive. Analysts have been predicting mergers in Italy and elsewhere due to the pressure on bank profits from low interest rates, regulatory costs and the need to invest in technology.

Intesa said it expects to finalize the UBI purchase this year and sees the deal boosting its earnings per share by 6% from 2019 levels.

“The bid is very appealing for both ISP and UBI shareholders, as it would create a massive player in Italy, especially in the north, with very high efficiency levels and competitive product companies,” said Stefano Girola, a portfolio manager at Alicanto Capital SGR in Milan. “I think the announced synergies are just a starting point and more will come.”

The move appears to have taken UBI completely by surprise. The Bergamo-based bank released its three-year strategic plan only Monday. CEO Victor Massiah said the bank is pursuing a standalone strategy but may consider merger opportunities going forward. The strategic plan involves the elimination of 2,030 positions and the closure of 175 branches through 2022.

Intesa seems to have prepared the move well in advance; part of the deal involves it selling 400 to 500 branches to BPER Banca that the two banks operate jointly. BPER will call an extraordinary meeting to approve a 1 billion-euro rights issue to fund the transaction. The sale is already fully underwritten by Mediobanca SpA.

Intesa’s move also includes a binding agreement with insurer UnipolSai Assicurazioni, that provides for the disposal of insurance activities. The agreements were made to “preemptively address anti-trust issues,” the bank said.

The combined bank will hold savings of more than €1.1 trillion and revenue of €21 billion. UBI’s existing management “may have significant prospects in the group that will be born from this operation.” Intesa Chief Executive Officer Carlo Messina said in a statement on Tuesday. — Bloomberg

SteelAsia links with German group

STEELASIA Manufacturing Corp. is partnering with a German engineering consulting group to develop a training center set to open in the second quarter.

The steel firm in a statement on Tuesday said it is working with Badische Stahl-Engineering GmbH (BSE) to design a curriculum for future workers.

SteelAsia President and Chief Executive Officer Benjamin Yao said the company is in a position to determine the skills needed for operations.

“With SteelAsia’s rapid growth, we have to ensure that we have the competent and skilled manpower required in our manufacturing plants. And a training center with the help of the best in the world — BSE — will allow us to achieve this goal,” he said.

“With this training center located in southern Luzon, we are not only addressing the company’s manpower needs but we also hope to provide skills training and employment opportunities to the unemployed near our plants, even if they are unskilled,” he added.

SteelAsia is undergoing expansion plans to locally produce steel products that are 100% imported by the Philippines. — Jenina P. Ibañez

Passing under history

ANG LAKBAY NG 105 MILYON by Archie Geotina makes use of photographs by Kevin Cayuca and Tarish Zamora, among others, to fill up the 2,000 square foot space of the Salcedo underpass in Makati. — Federal Land Inc.

IN TIME for National Arts Month, the Makati Central Estate Association (MACEA) has unveiled a public art installation inside the Salcedo underpass featuring a mural of the Filipino journey from pre-colonial to the modern era created by street artist Archie Geotina.

“Because we’re in an underpass, I then conceptualized something where it’s like our whole country [you are] journeying through. If you look at the art, it’s actually like a time capsule,” Mr. Geotina told the media during the launch on Feb. 14.

The piece, titled Ang Lakbay ng 105 milyon, is a homage “to local heroes who left a positive impact in their communities and their heirs who will continue their goodwill,” said a press release.

“The 105 million, that statistic, is actually an estimate of how many Filipinos there are,” said the artist.

The Commission on Population and Development expects the Philippine population to grow to 108 million by July 2020.

“This whole project is a collage of different contributions of different eyes from around the Philippines,” Mr. Geotina said, adding that photographers like Kevin Cayuca and Tarish Zamora contributed their photographs to the installation. The piece was commissioned by Federal Land Inc.

Spanning 2,000 square foot, the mural was conceptualized over six months, with the actual installation taking two weeks.

“It’s also inspired by the Sistine Chapel because [the ceiling of the underpass] is an arc, so I had to play with architecture and with the concept of time and traveling,” the artist explained.

Mr. Geotina is a multi-disciplinary artist who also goes by the name Chichimonster. His roots are in street art and he co-founded graffiti group Kings Stay True in 2006. Much of his work is monochromatic and he has done pieces ranging from murals and portraits to light installations and projection mapping.

For the Lakbay piece, he used wheat paste to adhere the photos to the walls of the underpass.

While this is Mr. Geotina’s first time to make a piece of art piece for the Salcedo underpass, this isn’t the first time that MACEA has filled Makati’s underpasses with art: in 2018, the Makati-Ayala underpass was filled with colorful doodles by Kookoo Ramos and Quatro Los Baños, and last year, the Paseo de Roxas underpass featured a marine biodiversity-themed mural by A.G. Sano.

“This isn’t the last time,” Mr. Geotina said of Makati hosting his art as he mentioned that Makati Mayor Mar-len Abigail Binay-Campos is interested in commissioning more artworks from him in the future.

To see the mural in person, visit the Salcedo underpass which is located along Ayala Ave. cor. Salcedo St. in Makati City. — Zsarlene B. Chua

Singlife Philippines to roll out initial products in April

DIGITAL-ONLY life insurance firm Singlife Philippines is targeting to launch its initial products by April and capture half a million clients in the next five years, after the Insurance Commission (IC) approved its license to operate on Monday.

Singapore Life Philippines CEO Rien Hermans said the firm’s license was approved on Monday after it submitted its requirements in December and they were audited last month. He said the firm, which mainly uses digital front-end and cloud-based systems, will launch in the second half its “direct-to-customer proposition.”

“We expect to launch our first products in April through one of our partners and in the second part of the year expect to launch our direct to customer proposition following the design of the Singlife account launched last November in Singapore,” Mr. Hermans said in a mobile phone message Monday.

According to him, Singlife Philippines will offer “fairly priced, easy to understand and affordable” insurance products to the market, especially for the first-time policyholders.

“At the moment we are very busy building our systems and developing refreshing customer propositions to make life insurance coverage available for everyone,” he said.

Insurance Commissioner Dennis B. Funa said the entry of Singlife Philippines will “generate interest” among the public as it serves as the first or a “pioneer” in fully digital insurance services in the country.

“It will be a game changer in the field of insurtech,” Mr. Funa said on Tuesday.

In December last year, Singapore Life Private Ltd. (Singlife) partnered with Aboitiz Equity Ventures (AEV) to form the new joint venture company Singlife Philippines, where the majority or 65% is owned by Singlife and with partners Di-Firm and AEV owning 20% and 15%, respectively.

Mr. Hermans had said they are equipped to comply with the required P1-billion capital for life insurers and is ready to invest needed funds for their business. However, it did not disclose the exact amount of its investment in the country. — Beatrice M. Laforga

Primewater money claim denied

THE Commission on Audit (CoA) denied the petition for money claim of Primewater Infrastructure Corp., against state-run Jaen Water District (JWD) for the payment of about P24.2 million due to “lack of proper documentation.”

It said the claim could not be “properly adjudicated” by this commission in the absence of documentation for the supposed implementation of the parties’ memorandum of agreement (MoA).

It said the petition lacks the necessary documents to substantiate Primewater’s allegation that the MoA was executed for the purpose of reconciling and settling the accounts of all amounts collected or expenses pursuant to the JVA (joint venture agreement).

“There is nothing in records that show how the parties came up with the amount of P24,200,405.24,” the COA said in its decision dated Jan. 27.

JWD entered into a joint venture with Primewater for the “financing, development, rehabilitation, expansion, improvement, operation, and maintenance of the water supply and septage management system” in Jaen, Nueva Ecija. — Genshen L. Espedido

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