Professional Documents
Culture Documents
Ms PDF 20230202
Ms PDF 20230202
Ms PDF 20230202
P
RESIDENT Ferdinand
Marcos Jr. will no
longer extend the
state of calamity that expired
Dec. 31, 2022, signaling
that the government believes
the worst of the COVID-19
pandemic is over, the Palace
confirmed Wednesday.
Members of review panel in PNP cleansing bared during five-day state visit to Japan
By Joel E. Zurbano high-ranking police officials who have Teodoro, Jr. and former Cordillera Po-
submitted their courtesy resignations. lice Regional Office commander and
INTERIOR and Local Government The advisory group will be composed retired P/Maj. Gen. Isagani Nerez. By Vince Lopez and Rey E. Requejo ties,” DFA Assistant Secretary Nathan-
Secretary Benjamin Abalos, Jr. on of Baguio City Mayor Benjamin Maga- Abalos declined to identify the fifth iel Imperial said.
Wednesday announced the names of long, Philippine National Police (PNP) member. THE Department of Foreign Affairs The agreements include humani-
four members of the five-man panel Chief Director General Rodolfo Azurin Abalos, who called for the courtesy (DFA) said Wednesday that Manila tarian assistance on disaster relief or
tasked to review records and profiles of Jr., former Defense secretary Gilbert Next page and Tokyo will sign seven bilateral HADR cooperation, he said.
?
agreements during President Ferdi- “Japan has been a very important
nand Marcos, Jr.’s official visit to Ja- partner providing assistance in rela-
pan next week. tion to disaster relief and we certainly
The visit seeks to “maximize the full welcome this agreement,” Imperial told
potential of the Philippine-Japan stra- reporters in a Palace briefing.
tegic partnership in all its aspects and Imperial said that there will also be
facilitate closer defense, security, po- discussions on a security agreement
litical, economic, and people-to-people Next page
FIVE-MAN PANEL. Four members of the advisory group tasked to review records of police officials who may have links to illegal drugs
have been named: (from left) Philippine National Police Chief Director General Rodolfo Azurin Jr., Baguio City Mayor Benjamin Magalong,
former Cordillera Police Regional Office commander and retired P/Maj. Gen. Isagani Nerez and former Defense secretary Gilbert Teodoro, Jr.
The fifth member has yet to be identified
to revise K to 12 curriculum
strong,” said Lt. Gen. Roy Galido, head of the
Western Mindanao Command.
“They [US troops] are here to help us in our mis-
sion, especially in counter-terrorism, humanitarian
assistance, and disaster response,” Galido added.
Austin also met with AFP chief General An-
dres Centino during his visit in Zamboanga City.
By Maricel Cruz committee chair and Pasig City Rep. Roman “It’s an ongoing relationship that we’ve had with
P
Romulo said he agrees with Duterte’s plan to the United States. As President Marcos has point-
RESIDENT Ferdinand Marcos Jr. gave the Department of Education a year to revise the curriculum to ensure graduates are ed out, it’s evolving. So our military alliance, our
more job-ready. Mutual Defense Treaty, our Visiting Forces Agree-
complete its review of the K to 12 curriculum, DepEd spokesman Michael Poa ment are obviously part and parcel of that entire
“Just like what Vice President Sara said, we
said in a television interview. need to start with curriculum adjustment. Be- relationship that we have with the United States so
cause these are what [industries] are looking obviously that visit will reinforce all of these agree-
for—the competencies, skills, talents. We must ments that we have,” Philippine Ambassador to the
“The President gave us a timeline of around a Duterte earlier said the government wants a more equip our students with these and build their US Jose Manuel Romualdez said Tuesday
year to finish the review,” Poa told CNN Philip- responsive curriculum. capacity. That’s why we need to adjust the cur- He, however, deferred to the DND when asked
pines’ The Source. She said in its present form, the K to 12 curricu- riculum to make it simplified and attuned to the if an agreement on the five additional facilities un-
He said the review for the curriculum for lum is “congested.” needs of the Filipino youth who want to get jobs der the Enhanced Defense Cooperation Agreement
kinder to Grade 10 has been concluded while “Some prerequisites of identified essential after K to 12,” he said. (EDCA) would be firmed up during Austin’s visit.
the review for the senior high school grades learning competencies are missing or misplaced,” “We just have to ensure that whatever the K to Manila and Washington DC are expected to
has just started. Duterte said. 12 students will learn would prepare them for the discuss “speeding up the implementation” of the
“We are trying to decongest our curriculum to The chair of the House Committee on Basic jobs that await them. If we are able to do that, then EDCA during Austin’s trip, the US Department
focus on the essential subjects and the basics, like Education and Culture on Wednesday said it I think, the additional burden of two years would of Defense said in an article dated Jan. 29.
math, reading, science,” he said. is crucial to introduce adjustments to the K to gradually be lifted,” he added. The US Defense chief, it added, would fo-
“We want to really look at literacy in a way that 12 curriculum that will equip graduates with According to the Bureau of Curriculum De- cus on capabilities and interoperability as “key
we’ll be able to inculcate not just foundational lit- the necessary skills and competencies to make velopment, 83 percent of SHS graduates pursued to deterring any challenge in the region” amid
eracy but also functional literacy,” Poa added. them employable. higher education, while only 10 percent of gradu- the complex security environment in the Indo-
Vice President and Education Secretary Sara During the Laging Handa public briefing, ates were employed. Pacific region.
T
HE local government
units (LGUs) of
Metro Manila have
given the green light for
the implementation of a
single ticketing system in
the National Capital Region
(NCR) as spearheaded by the
Metro Manila Development
Authority (MMDA).
The Metro Manila Council (MMC),
composed of 17 NCR mayors, have
ratified the Metro Manila Traffic
Code of 2023 embodying the rules
on the single ticketing system
which provides for interconnectivity
among government instrumentalities
involved in the transport and traffic
management in the metropolis with
common fines and penalties.
The standardized fines and
penalties will also be endorsed to the
Land Transportation Office and local
councils for adoption.
Based on Resolution No. 23-02,
the single ticketing system “will
harmonize the existing national and SINGLE TICKETING CODE. The Metro Manila Council (MMC) has approved the code on the single ticketing system being spearheaded by the Metro Manila Development
local laws on traffic enforcement Authority (MMDA) for implementation in the National Capital Region. Photo taken following approval of the code in a ceremony held Monday at the MMDA headquarters in Pasig
to establish and effective transport City shows (seated from left) San Juan City Mayor and MMC head Francis Zamora, acting MMDA chairman Romando Artes, and MMD general manager Procopio Lipana. Standing
at the back are (from left) Malabon City Mayor Jeannie Sandoval, Quezon City Mayor Joy Belmonte, Valenzuela City Mayor Wes Gatchalian, Muntinlupa City Mayor Ruffy Biazon, and
and traffic management in Metro Marikina City Mayor Marcy Teodoro. Manny Palmero
Manila.”
The code is also designed to address The resolution also stated that it traffic-related violations wherever, system that will highly benefit our confiscated during apprehension,” he
different procedures of apprehension; might create chaos if left unattended, to regardless of the locality where they were motorists,” Artes said. added.
payment of fines; redemption of licenses the detriment of the public in general. caught. “The single ticketing system would MMC president and San Juan City
and plates; as well as uncoordinated MMDA acting chairman Romando “This is a historic moment for help avoid confusion among our Mayor Francis Zamora thanked the
implementation of traffic laws resulting Artes said the single ticketing system all of us because after more than driving public, as well as option to panel for passing the resolution. He said
in confusion of the driving public, loss will be convenient for apprehended twenty years, Metro Manila is pay electronically for their violations. the system would be in effect within the
of money and productive hours. motorists as they can now pay for their finally adopting the single ticketing Driver’s license will also not be first quarter of 2023.
IN BRIEF Lawyers seek thorough probe on slay attempt vs. IBP Abra prexy
Air Asia inaugurates By Rey E. Requejo Bigornia’s office at about 9:30 a.m. “We thus appeal to our broth- climate of dread,” the IBP lamented.
“While one of them waited (outside), ers in the NBI (National Bureau But the lawyer’s group stressed that
Manila-Narita route THE Integrated Bar of the Philip- the other approached Atty. Bigornia of Investigation), PNP (Philippine they would not be cowed or stifled.
AIR Asia Philippines on Wednes- pines (IBP) has called for a thorough who was ordered to go out together National Police), and other law en- “Lawyers must be able to advo-
day announced it has started operat- investigation on the reported assassina- with his aide. The person outside then forcement agencies to investigate cate their clients’ causes free from the
ing its commercial service flights tion attempt against the president of its handed his companion a knife who this matter as well as any other corrupting elements of fear and in-
to and from Narita in time for the chapter in Abra province last January 29. then repeatedly stabbed the aide unsolved instances that seriously timidation. For if lawyers who are
various festivities in Japan this month. The IBP, the country’s mandatory before also stabbing Atty. Bigornia,” the impinge upon the rule of law,” the sentinels of the rule of law and who
Airline chief information of- organization for Filipino lawyers, IBP said in a statement. IBP said. serve the poor are themselves assassi-
ficer Steve Dailisan said the maiden identified the target of the slay bid as Fortunately, another aide of Bigor- “The incisive and growing impunity nated or attacked with impunity, no one
flight took off at the Ninoy Aquino Hamilcar Bigornia. The assault was nia came and shot one of the assailants towards lawyers, judges, and officers of would feel secure or have faith in our
International Airport - Terminal 3 reportedly staged by two men right in dead, the IBP said. the Court has fostered an overwhelming justice system,” the IBP said.
at 4:15 am and arrived at Narita
DFA: Negotiations
International Airport at 9:45 am
(Japan Standard Time).
Its return flight departed Narita at
underway to bring
11:25 am and landed at NAIA T3 at
2:55 pm (local time).
Dailisan said the daily Tokyo via
held in Myanmar
expected to revitalize Japan as
among Air Asia’s top destinations in
East Asia. Joel E. Zurbano
THE Philippine government is explor-
Las Piñas rolls out ing all avenues to to bring home as soon
mental health drive as possible eight Filipinos currently held
in Myanmar, the Department of Foreign
THE Las Pinas City government Affairs (DFA) said.
has launched a campaign to raise In a statement, DFA spokesperson
awareness on mental and repro- Ma. Teresita Daza said coordination
ductive health issues among city is continuing to assist the distressed Fili-
residents, especially the youngsters. pinos, among them tourist Kiela Samson
Mayor Imelda Aguilar said some who was arrested at the border of Thai-
400 high school students, out of land and Myanmar last month.
school youths, and members of “The Philippine Embassy in Yangon
Sangguniang Kabataan joined the maintains active and regular contact
roll out of the program dubbed with Myanmar’s law enforcement au-
“Kalungkutan ay Agapan, Ka- thorities in Nay Pyi Taw and Myawaddy
bataan ay Protektahan” held at the to secure the safety and well being of the
Verdant Covered court in Barangay said Filipinos and assist them in return-
Pamplona 3 on Tuesday. ing home the soonest time possible,”
She said the project was organized NATIONAL HIJAB DAY. Muslim women at the Philippine Senate help each other put on their hijabs to drum up support for a Daza said.
by the City Health Office led by Dr. Jul- bill filed by Senator Robinhood Padilla declaring February 1st of every year as National Hijab Day. Lino Santos She said the group could leave Myan-
ie Gonzales “to build community re- mar upon completion of their repatria-
silience in attending mental problems
mst.daydesk@gmail.com NEWS
Remulla assures
prompt action on
BI blacklist scheme
JUSTICE Secretary Jesus Crispin
Remulla on Wednesday assured prompt
action on reports of a group offering
services online to Chinese nationals
to have their names removed from the
Bureau of Immigration (BI) blacklist in
exchange for a hefty fee.
“We will work on those measures one
by one. We will not stop. We will do what
needs to be done to straighten out the
system,” Remulla told reporters.
Remulla was commenting on an anti-
crime group’s revelation made during
a hearing of the Senate Public Order
and Dangerous Drugs Committee on
Tuesday which bared reports about the
new modus involving online offers.
“We received reports of advertisements
offering to lift immigration blacklist for
a fee of P1 million to P5 million were
circulating in Chinese social media
platforms,” Movement for Restoration of
Peace and Order (MRPO) chairperson ARTS MONTH. Miss Universe 2018 and National Culture and the and Culture Arts (NCCA) Ambassador Catriona Gray poses with members of the Sindaw Philippines Performing
Ka Kuen Chua said. Arts Guild during the opening of the NCCA’s 2023 Arts Month celebration and press conference at the Metropolitan Theater Ballroom in Manila on Wednesday. Danny Pata
Chua also cited claims that “dens of
S
“And it is claimed that their affidavits agency’s list of beneficiaries.
of desistance were prepared either by the amid the COVID-19 pandemic. “There’s new technology. We just
police or by the prosecutors themselves,” the new acting president of PhilHealth, after Ledesma said “That issue has been in the media, and have to make sure that the list is
he added. he personally does not see corruption happening in the it has spread. Issues on the bogus claims good. So that is our first priority, we
Authorities have denied the claims. were repeated over and over in the media,
agency. some were already investigated, but you
have to make sure that the list is cor-
Chua earlier bared the scheme during rect,” Gatchalian, quoted by GMA
a hearing of the Senate Public Order and During the inquiry of the Senate actively looking since I joined, although still say you don’t see any corruption,” News, said.
Dangerous Drugs Committee. Committee on Health and Demography I’m telling you, so far, I don’t see any Tulfo said. Lawmakers led by Speaker Martin
on the several measures amending the corruption.” Tulfo, quoted by GMA News, G. Romualdez on Wednesday said
Universal Health Care (UHC) law, Tulfo While admitting that he promised further told Ledesma that “you have to President Ferdinand Marcos Jr. made
Let us respect
asked Ledesma to clean and remove the President Ferdinand “Bongbong” Marcos accept that there is a real problem in a great choice in appointing Gatchal-
corrupt personnel in PhilHealth. Jr. that he would address the possible PhilHealth.” ian as DSWD secretary.
“Maybe you should clean PhilHealth. shortcomings of PhilHealth, Ledesma, “Don’t be in denial and say that you Gatchalian was sworn in as the
Muslim rights,
Investigate those who are involved in who took his oath on November 24 last are clean. Then, I’m sorry, sir, then you new DSWD secretary in Malacañang
corruption. From then on, we will believe year, appealed to the committee to give are not good for that position. For you to on Tuesday, coinciding with the cel-
that PhilHealth will do better,” Tulfo, him a “honeymoon period” to do so, be able to clean your organization that ebration of the department’s 72nd
Romualdez says
quoted by GMA News, said. GMA News further reported. has been tarnished with corruption, first founding anniversary.
Ledesma, however, said, Tulfo said he was “offended” by you have to accept that there is really Romualdez believes Gatchalian is
“personally, I don’t know if there’s Ledesma’s “no corruption” remark, corruption. Don’t be in denial. That’s an excellent choice to head the DSWD,
all this talk — if it’s there, if considering that there have been the only way you can solve the problem,” citing the latter’s outstanding track
it’s not there.” He added that he has “been investigations into the alleged corruption Tulfo further said.
By Maricel V. Cruz record and long experience as a
public servant.
SPEAKER Ferdinand Martin G. “Cong., now Secretary Rex, the
Romualdez on Wednesday called on Fil- loss of Congress is the gain of the
ipinos to respect each other’s freedom of DSWD. We wish you the best of luck,”
Speaker Romualdez said in a media
religion, including the right of Muslim
interview. Maricel Cruz
women to wear the hijab.
Romualdez made the call during the
celebration of World Hijab Day 2023 at Senators cheer
the North Wing Lobby of the House of Chiz Escudero’s ‘return’
Representatives at the Batasan complex
in Quezon City. SENATORS hailed the participa-
He said wearing the hijab means hav- tion of Senator Chiz Escudero dur-
ing to live a modest life. ing the Senate hearing on the Maha-
“We celebrate the 10th World Hijab rlika Investment Fund.
Day, an annual event that we celebrate “It’s the first time in a long time
with the rest of the world in recognition that we’ve seen that smile on his
of a very basic human right: the right to face with a wonderful aura,” Sen.
the free exercise of religion, a right that Grace Poe, said.
is enshrined in our very Constitution,” Escudero has remained silent fol-
Romualdez said. lowing reports that his marriage to
However, he lamented that “instead actress Heart Evangelista was on
of demonstrating the rich cultural and the rocks. It was unusual for Escu-
religious significance of the hijab to the dero, one of the Senate’s legal ea-
gles, to be quiet on very important
Islamic faithful, the opposite occurs.”
“It often becomes the object of dis- NEW LAKAS MEMBER. Speaker Ferdinand Martin G. Romualdez administers the oath-taking of La Union 1st District Rep. and sometimes, controversial issues
Paolo Ortega as new Lakas-CMD member. Witnessing the event are Senior Deputy Speaker Gloria Macapagal-Arroyo and House hounding the government.
crimination. And we can all agree that Senate President Migz Zubiri,
discrimination hampers our ability to Majority Leader Manuel Jose “Mannix” Dalipe. Ver Noveno
during the Senate hearing, said,
grow and mature as a country with di-
PPI
de Roxas, corner Perea St., Legaspi Village, Makati City. Philippine Press Institute
Telephone numbers 8-5646225 and 8-5646229 Edgar M. Valmorida Circulation Manager
The National Association
(connecting all departments), (Editorial) 832-5554, of Philippine Newspapers
(Advertising) 832-5550. P.O. Box 2933, Manila Central Post
Office, Manila. Website: www.manilastandard.net Emil P. Jurado Chairman Emeritus, Editorial Board
B2 THURSDAY, FEBRUARY 2, 2023
mst.daydesk@gmail.com WORLD
SILENT
STRIKE.
IN BRIEF
A man
crosses an
almost empty
street near
Shwedagon
Pagoda during
a ‘silent strike’
to protest
and mark
the second
anniversary
of the coup
in Yangon on
February 1, Haruki Murakami
2023. Streets
in commercial Murakami to publish
hub Yangon new novel in 6 years
were largely
emptied from CELEBRATED Japanese author
late morning Haruki Murakami will release his
after activists first new novel in six years this
called for April, publisher Shinchosha an-
people across nounced on Wednesday.
the country There was little detail given
to close
about the new work, which will be
businesses and
stay indoors Murakami’s first novel since
from 10 a.m. to “Killing Commendatore” was pub-
4 p.m. AFP lished in February 2017.
In a brief statement in Japanese,
Shinchosha said the new work would
be published on April 13, but gave
neither its title nor details of the plot.
The bookYELLOW
CYAN MAGENTA is expected to be pub-
BLACK
lished in Japanese initially, with
Manila
Standard translations following later.
TODAY Shinchosha told AFP it could not
confirm when translations of the
book might be released, or even
for progress on
manuscript pages long, but the ex-
STREETS emptied and shops closed ing the junta off course. It was similarly quiet in the second
act number of book pages that will
in protest across Myanmar on Wednes- Streets in commercial hub Yangon city of Mandalay, a resident told AFP.
amount to was also not yet con-
day, the second anniversary of the coup largely emptied from late morning, “There are a few people walking here
firmed, the publisher added. AFP
MOST ACTIVE
-0.4 -3.85%
S back from two days
of losses as traders
tracked a Wall Street surge
143 to 49, while 43 issues were un-
changed.
All ten most active stocks ended in
the green, led by PLDT Inc. which
climbed 6.41 percent to P1,428.00 and
more timely measures,” said National
Australia Bank’s Tapas Strickland.
“More important for the Fed is one
of the subcomponents, the wages and
salaries for private sector workers
lem,” said United States Trade Rep-
resentative Katherine Tai in a state-
ment Tuesday.
She added that the United States is
setting up a dispute settlement pan-
VOLUME VALUE (PHP) fueled by data pointing to International Container Terminal Ser- excluding incentive paid occupations, el in an attempt to enforce its trade
agreements and ensure its workers,
1 BDO 7,203,530 898,881,155 slowing US inflation and vices Inc. which gained 5.40 percent which rose 0.9 percent on-quarter from
farmers, processors, and exporters
hopes the Federal Reserve’s to P218.60. 1.2 previously.”
2 ALI 26,520,100 797,179,525 Most Asian markets also traded high- He added that the reading was “a receive full benefits of the pact.
3 ICT 2,355,260 507,030,484 rate hike drive is coming to er Wednesday. The gains will provide notable deceleration and in quarter an- According to the United States,
Canada’s revised measures impose
4 TEL 302,775 422,159,310 an end. some relief to investors after January’s nualized terms would be equivalent to
new conditions that effectively pro-
rally appeared to have hit the buffers 3.6-3.7 percent. That is close to being
5 SM 385,740 360,980,995 The PSE index, the 30-company this week on lingering concerns about consistent with at-target inflation if re- hibit retailers, food service operators,
benchmark of the Philippine Stock Ex- the economic outlook. peated next quarter.” and other types of importers from
6 UBP 3,204,270 311,067,999 utilizing quota allocations.
change, jumped 242 points, or 3.57 per- Expectations the Fed will hike borrowing The ECI reading came as another
7 SMPH 8,098,200 298,905,690 cent, to close at 7,035.76 Wednesday as costs by just 25 basis points on Wednesday report showed a slowdown in the US “Through these measures, Cana-
all six subsectors posted gains. were ramped up after a key gauge of wage housing market as well as a dip in con- da undermines the market access it
8 GTCAP 570,470 293,435,745 agreed to provide in the USMCA,”
The broader all-share index also went increases came in below forecasts. sumer confidence, suggesting the Fed’s
9 URC 1,876,170 269,051,767 up by 96 points, or 2.70 percent, to settle “The employment cost index is close- tightening campaign is beginning to said the USTR.
at 3,687.17, on a value turnover of P9 ly watched by the Fed as it composition- kick in. With AFP The panel is expected to issue a re-
10 CNVRG 14,498,600 259,977,526
port later this year. AFP
Agri remains weakest link; Electric cars gain record market share in European Union
Scoot airline disappoints By Taimaz Szirniks should change with the generalization of electric cars, accord-
ing to ACEA president. AFP
AGRICULTURE’S gross domestic PARIS—Electric car sales set a new market share re-
product performance is something cord in the European Union in 2022, industry figures Manila
not to cheer about. The farm sector, showed Wednesday, as the region seeks to rid itself of
Standard
TODAY
which now accounts for less than 10 fossil fuel cars.
percent of the Philippine economy, Battery-powered electric cars accounted for 12.1 16th to 22nd Floors, Fort Legend Towers
always disappoints economists and percent of new car sales, compared to 9.1 percent 31st Street corner 3rd Avenue, Bonifacio Global City, Taguig City 1634
analysts alike, and is seen as a drag to in 2021 and 1.9 percent in 2019, according to the Statement of Condition
the overall GDP growth. deficit would have been a different European Automobile Manufacturers’ Association
(Head Office and Branches)
Its dismal performance last year is story if the Philippines had developed
As of December 31, 2022
(ACEA).
a reflection of the sector’s decades- a strong agriculture export base.
AMOUNTS
long retardation. The lack of post- The EU has agreed to ban sales of new petrol and ASSETS CURRENT QUARTER PREVIOUS QUARTER
Singapore Airline’s pride dented diesel cars from 2035 as part of the 27-nation bloc’s
harvest facilities and outdated farming Singapore’s flag carrier airline
Cash and Cash Items
Due from Bangko Sentral ng Pilipinas (BSP)
607,134,738.78
3,184,802,213.82
509,261,059.20
3,095,317,174.21
systems have kept farmers’ income effort to build a carbon-neutral economy by 2050. Due from Other Banks 875,457,110.92 668,564,566.38
prides itself for its multiple travel Sales of electric vehicles rose 28 percent last year,
Financial Assets at Fair Value through Profit or Loss 314,332,276.30 646,269,836.03
to a subsistence level. The Philippine accolades and supposedly impeccable
Available-for-Sale Financial Assets-Net 4,324,979,592.30 4,685,166,612.60
with more than 1.1 million vehicles sold.
Held-to-Maturity (HTM) Financial Assets-Net 11,077,099,086.74 10,800,717,589.89
economy cannot claim an inclusive service standards that are embodied in Loans and Receivables - Net 45,433,028,592.24 44,489,509,828.60
Interbank Loans Receivable 2,185,596,000.03 2,683,237,500.02
growth if farmers remain at the bottom its kebaya (traditional nonya dress)- These rises were notably driven by the German Loans and Receivables - Others 43,976,670,672.88 42,422,136,349.48
General Loan Loss Provision 729,238,080.67 615,864,020.90
of the food chain. clad flight attendants, famously known market, where sales accelerated at the end of the year, Other Financial Assets 524,403,589.29 478,261,195.63
Agriculture and fisheries production as the Singapore Girl. just before a drop in purchase bonuses. Bank Premises, Furniture, Fixture and Equipment-Net
Real and Other Properties Acquired-Net
951,255,907.37
207,671,550.20
997,048,174.18
197,803,397.44
contracted 1 percent in the fourth quarter Singapore Airlines’ globally
Other Assets-Net 2,060,471,117.95 1,225,996,733.39
from a year ago, on lower crop harvests acclaimed standards, so the carrier’s
TOTAL ASSETS 69,560,635,775.91 67,793,916,167.55
and fisheries output, per the data of the promo claims, have won the
LIABILITIES
Financial Liabilities at Fair Value through Profit or Loss 130,366,861.19 635,626,242.62
Philippine Statistics Authority. organization multiple awards, ranging Deposit Liabilities 46,444,412,374.28 48,479,141,848.34
“At current prices, the value of from a place on Fortune Magazine’s list
Bills Payable
a) Interbank Loans Payable
8,275,600,000.00
8,275,600,000.00
4,572,750,000.22
4,572,750,000.22
production in agriculture and fisheries of Top 50 Most Admired Companies
Other Financial Liabilities
Other Liabilities
470,225,610.38
3,904,996,307.12
1,082,733,214.15
2,706,533,311.28
amounted to P611.52 billion or 9.4 in 2021 to being awarded the Highest TOTAL LIABILITIES 59,225,601,152.97 57,476,784,616.61
percent higher compared to the level Diamond Rating in the APEX Health STOCKHOLDERS’ EQUITY
in the same period last year,” says PSA Safety powered by SimpliFlying audit Capital Stock 5,506,763,497.62 5,505,833,769.57
report, noting the growth in current of global airlines.
Other Capital Accounts
Retained Earnings
(505,461,357.67)
5,333,732,482.99
(522,434,701.63)
5,333,732,483.00
prices reflected the higher inflation A quick search on the web, however, TOTAL STOCKHOLDERS’ EQUITY 10,335,034,622.94 10,317,131,550.94
in the fourth quarter. The production belies Singapore Airline’s reputation. TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 69,560,635,775.91 67,793,916,167.55
value of agriculture and fisheries for Its budget airline unit, Scoot, is the CONTINGENT ACCOUNTS
the full year of 2022 fell 0.1 percent subject of many complaints, mainly Financial Standby Letters of Credit 2,597,149,970.12 1,782,147,998.45
Performance Standby Letters of Credit 144,865,822.22 96,949,695.19
Crop harvests, which accounted about lost baggages of passengers Commercial Letters of Credit 308,639,782.52 647,417,129.22
for 59.1 percent of the total value Luca de Meo, ACEA president Trade Related Guarantees 00.00 00.00
The web will tell you about the Commitments 320,810,024.13 50,000,000.00
of production in agriculture and nightmares experienced by Scoot’s In Norway, a record four out of five new cars (79 per-
Spot Foreign Exchange Contracts
Trust Department Accounts
1,877,065,446.28
1,951,827,456.90
2,198,437,500.00
1,941,932,003.92
fisheries, dropped 1.0 percent in the passengers. Most of the baggages cent) sold last year were electric, in a major oil-produc-
a) Trust and Other Fiduciary Accounts
b) Agency Accounts
591,844,320.42
1,359,983,136.48
578,980,053.98
1,362,951,949.94
fourth quarter, while rice and corn appeared to have been lost between ing country that aims to end the sale of new fossil fuel
Derivatives 12,189,262,847.84 18,567,603,020.00
output shrank 2.5 percent and 6.9
Others 511,830,502.21 28,233,667.28
connecting flights. cars by 2025—a decade ahead of the EU’s ban.
percent, respectively. Fisheries, with a
TOTAL CONTINGENT ACCOUNTS 19,901,451,852.22 25,312,721,014.06
The Straits Times/Asia News The Italian market was the only one to put a brake ADDITIONAL INFORMATION
13.8-percent share in the total value of Network recently narrated the Gross Total Loan Portfolio (TLP) 47,105,882,969.09 46,129,271,006.98
the sector, slumped 6.6 percent. on the electric engine in 2022, with sales falling by Specific Allowance for credit losses on the TLP 943,616,296.18 1,023,897,157.48
increasing number of travelers flying 26.9 percent.
Non-performing Loans (NPLs)
The nation’s policy makers into Singapore, who were reporting
a. Gross NPLs
b. Ratio of gross NPLs to gross TLP (%)
760,664,540.85
1.61%
829,093,661.06
1.80%
will cringe when they learn about It was also a strong year for hybrid cars, which c. Net NPLs 268,235,038.30 250,129,102.32
lost or damaged luggages. Many d. Ratio of Net NPLs to gross TLP (%) 0.57% 0.54%
Vietnam’s successful agriculture story. travelers have to wait longer to collect achieved a market share of 22.6 percent. e. Ratio of total allowance for credit losses to gross NPL (%) 219.92% 197.78%
f. Ratio of specific allowance for credit losses on the gross TLP
The state-run Vietnamese New Agency their luggage after arrival. ‘Moving fast’ to gross NPL (%) 124.05% 123.50%
reported on Dec. 30 that Vietnam’s A manpower crisis seems to be partly Traditional petrol and diesel-fueled cars continued Classified Loans & Other Risk Assets, gross of
allowance for credit losses 4,723,570,886.21 5,006,976,959.07
agricultural sector met all goals set responsible for the lost baggages. to lose ground, despite still accounting for more than DOSRI Loans and receivables, gross of
allowance for credit losses 18,175,315.35 17,810,131.27
in 2022, including a growth rate of Singapore’s aviation sector lost about half of EU car sales in 2022 at 52.8 percent. Ratio of DOSRI Loans and receivables, gross of
allowance for credit losses, to TLP (%) 0.04% 0.04%
3.36 percent. Its animal husbandry a third of its 35,000-strong workforce Diesel, hit by heavy penalties and a shrinking offer Gross Non-performing DOSRI loans and receivables 0.00 0.00
Ratio of gross non-performing DOSRI loans and
and cultivation sector expanded 2.88 in the last two years because of in manufacturers’ ranges, continues on its downward receivable to TLP (%) 0.00% 0.00%
percent, fisheries rose 2.88 while pandemic-induced travel restrictions.
Percent Compliance with Magna Carta (%)
slope, dropping by almost 20 percent with 1.5 million a. 8% for Micro and Small Enterprises 2.02% 2.26%
forestry grew 6.13 percent. b. 2% for Medium Enterprises 1.58% 1.90%
coupled with the 17.3-percent jump shut up. ress, infrastructure development is lagging behind the I/ We hereby certify that all matters set forth in this Published Balance Sheet are true and correct, to the best of my
in imports to $137.16 billion, resulted knowledge and belief.
in the country’s record trade deficit E-mail: rayenano@yahoo.com or industry efforts,” De Meo said. (Sgd.) ANDREW A. FALCON (Sgd.) OLIVER D. JIMENO
Chief Finance Officer President and CEO
of $58.32 billion in 2022. The trade extrastory2000@gmail.com With their high prices, electric cars are currently (Signature Over Printed Name) (Signature Over Printed Name)
being purchased by “wealthy” households, but that
BUSINESS
B4 THURSDAY, FEBRUARY 2, 2023
Roderick T. dela Cruz
Cruz, Editor
Alena Mae S. Flores, Assistant Editor
business@manilastandard.net
extrastory2000@gmail.com
US bank sees
BSP increasing
BSP
CONFERENCE.
Bangko Sentral ng
Pilipinas Governor
borrowing rate
Felipe Medalla
addresses the central
bank’s regional
partners and
stakeholders during
to 6% in 1 half
the 4th Regional
st
Macroeconomic
Conference for South
Luzon on Jan. 18,
2023. Held online,
the presentations
discussed recent
developments in
By Julito G. Rada the economy and
the general banking
system with a focus on
C
ITI, the largest foreign bank in the Philippines, South Luzon.
expects the Bangko Sentral ng Pilipinas to increase
the policy interest rate by another 50 basis points
in the first half of 2023 to 6 percent to tackle the elevated
inflation.
Citi Philippines economist Nalin “GDP growth in 2022 beat expec-
Chutchotitham said in an online brief- tations, and we continue to see some
ing Wednesday inflation remained a
concern in the medium term.
upside risks to 2023 growth outlook,”
Chua said.
PSE INDEX CLOSING Meralco to continue delivery of stable
Wednesday, February 1, 2023
power despite CA ruling on supply deal
“Thus we expect the BSP to remain The Bangko Sentral ng Pilipinas said
hawkish and hike the policy rate by 50 inflation in January likely settled within 242.51 PTS. TOTAL VOLUME 1,062,569,025
TOTAL TRADES 103,243
basis points to 6 percent in the first half a range of 7.5 percent to 8.3 percent, TOTAL VALUE (IN PHP)
ADVANCES
8,987,461,940.54
143
of 2023,” Chutchotitham said. amid the higher prices of electricity, 7,035.76 DECLINES 49
Lebanese
big threat to
Strong Group’s
Dubai title bid
AS expected, the Lebanese teams are
emerging as the top threat to Strong
Group’s bid to bring the title back to
Philippine shores in the 32nd Dubai
International Basketball Champion-
ship in Dubai, UAE.
So far, Strong Group, owned by
Frank and Jacob Lao, has already
clinched a quarterfinals seat along
with three other Lebanese teams
namely the Al Riyadi, Sports Club
Beirut and Dynamo.
“All teams very tough,” said coach
Charles Tiu.
Among the three, Dynamo seemed
to be the better offensive team av-
eraging 99.6 points through three
games on an average winning margin
of 23 points.
Dynamo is currently the No. 1 club
team in Lebanon because of its explo-
sive imports in Ibrahima Thomas and
Cleanthony Early.
SMB’s Jericho Cruz drives to the basket in a PBA Governors’ Cup game won by the Beermen over the Blackwater Elite Bossings, 105-86.
set February 17
newest bare-knuckle sensation “Rugby Boy is here...kung sino defeated Jovanie Bualan via sub-
Dondon “Rugby Boy” Serrano pa ang maghahamon, call ninyo mission in a 155-pound tiff, before
from Cebu to dismantle veteran ako anytime, anywhere!,”said the Mark “Deadshot” Sadang scored
at Rizal arena
mixed martial artist Richard “The 31-year-old golden-haired Ser- a first-round knockout of Rogelio
Cannibal” Redman of Fist Gym rano. “Thunder Flash” Enumerables.
to rule the 170-lb weight class of In the undercards, Tirso “The A second-round stoppage by Mar-
the URCC 82 Royal Knuckle Fight Mechanic” Torres won over Rocky vin Malunes over Wilson “Ongbak”
SIXTEEN senior high schools and Night on Tuesday at the Royal Vergara via majority decision in Managuio capped the blockbuster
club teams have so far confirmed Knight Club in A-Venue St., Po- the 125-lb division, while Edemel supporting bouts.
their participation in the Philip- blacion, Makati City. Catalan of Catalan Fighting Sys- After the awarding ceremony
pine National Volleyball Federation A barrage of lightning punch- tem outpointed Rexelmar Liloc in of the event witnessed by GAB
(PNVF) Under-18 Championships for es and telling blows by Ser- a 115-pound fight. chairman Atty. Richard Clarin and
Boys and Girls that kick off February rano right after the opening bell In the 145 category, Leonard supported by CrazyWin, Nueve
17 at the Rizal Memorial Coliseum. caught Redman off guard and it “Deadshot” Pornia defeated Jeffrey Gaming, Top 1 Play and ALV
PNVF President Ramon “Tats” Su-
spelled doom to his overhyped Suble via TKO. Events, URCC founder/ chief Al-
zara said the federation expects the
number of participants to increase pre-fight challenge to a former Allan “Manunusok” Wycoco vin Aguilar announced the newly
this week after several schools and amateur boxer-turned knuckle manhandled Stephen Atok to hyped Rugby Boy Serrano vs
clubs sent letters of intent to join the fighter nicknamed “Rugby Boy” score a second-round, referee- Manunusok Wycoco to be sched-
tournament that is being revived after in the new combat sport armed stopped-contest. uled next at The Okada Manila. Dondon “Rugby Boy” Serrano is declared as winner.
decades of hibernation.
“This Under-18 Championships aims
N
search put up by Palawan Pawnshop EW YORK— At his current rate of scoring, James chasing the scoring record as he con-
president/CEO Bobby Castro. is on target to pass Abdul-Jabbar next centrates on helping the Lakers try to
Gauran is also ranked No. 2 in the LeBron James said Tuesday when the Lakers host the Okla- claw their up the Western Conference
16-U division topbilled by Louise Pali- Tuesday it’s only homa City Thunder. standings.
wag, Alexa Cruspero and Queen Villa James said Tuesday, however, that “I didn’t get to this point of my career
gear up for a title clash in the 14-U divi- a “matter of time” before the prospect of making NBA history is by thinking about records or how many
sion, while Lim banners the boys’ 14-U he passes Kareem Abdul- not weighing heavily on him as his date points I have,” James said.
cast that includes Rafa Callao, Murray LeBron James AFP
Bolongaita and Andrian Rodriguez. Jabbar as the greatest with destiny looms ever closer. “I just try and play the game the
Callao also gained the top seeding in “No, it’s not getting heavier, be- right way. I approach the game ev- a moment to reflect with pride on the
12-U class that also drew Gabrio Serillo,
scorer in NBA history after cause I’m going to do it,” James told ery night by trying to be a triple fact that Tuesday saw him pass Steve
also winner of the Masters Top 8. edging closer to the long- reporters. threat—scoring, rebounding and as- Nash and Mark Jackson to move into
Meanwhile, action shifts to Manila “I mean, it’s just a matter of time sisting. So let the chips fall where fourth in the all-time NBA rankings
next week for the Women’s Open (sin-
standing NBA record.
when I’m going to do it. they may. for career assists.
gles and doubles) at the PCA courts “I’m not going anywhere—I’m going “I think maybe when I get super-dup- “It’s amazing. Because that’s what I
James’ 28-point triple-double in
in Plaza Dilao with the collegiate to be in this league for at least a few more er close (to the record) it might be in the
the Los Angeles Lakers’ win over the love to do—get my guys involved. Try
championship, featuring team and in- years, so I’m going to do it. back or the front of my mind.
dividual competitions, to be held the New York Knicks means the 38-year- to put the ball on time and on target
following week. For details, contact old superstar needs just 89 more “It’s not heavy at all.” “But I don’t put that kind of pressure through my career,” James said.
tournament organizer Bobby Mangu- points to eclipse Abdul-Jabbar’s James, meanwhile, said he had not on myself. I just go out and play.” “Any time you’re linked with the
nay at 0915-4046464. mark of 38,387. allowed himself to be distracted by James, however, did allow himself greats, it’s a super cool thing.”
Louie Ocampo
celebrates Ocampo is the creative
mind behind some
of the biggest and
45 years
most enduring hits in
Philippine pop music
with concert
C
OMPOSER, arranger,
and media celebrity
Louie Ocampo is set
to mark his 45th anniversary in
the entertainment business with a
concert series titled Composer Ka
Lang at The Theatre in Solaire on
February 4 and 5.
Produced by Viva Live Inc., in
cooperation with Solaire Resorts
Entertainment City, Composer Ka Lang
stars Ocampo and features famous artists
who will perform his hit songs.
These are Sharon Cuneta, Basil
Valdez, Martin Nievera, Gary
Valenciano, Marco Sison, Katrina
Velarde, Janine Tenoso, Lyca
Gairanod, and Jim Paredes and Boboy
Garrovillo of the Apo Hiking Society
on February 4 and 5; Zsa Zsa Padilla
and Sarah Geronimo on February 4;
and Regine Velasquez on February 5 ‘Composer
Composer, Ka Lang’ will
and other surprise guests.
arranger, and focus on
The show will focus on the music that media celebrity
Ocampo has created over the years as Ocampo’s
Louie Ocampo music over
well as his experiences and memories
as the favorite songwriter and arranger the years
of some of the biggest names in the
business.
Ocampo started out playing the piano
and the organ as a child. This was
followed by composing. His earliest music director and arranger but he kept Albert and Martin Nievera; “Don’t Say
hit songs were “Maghihintay Ako Sa up with his songwriting and has since then Goodbye” by Pops Fernandez; “So
‘Yo” recorded by Anthony Castelo, produced some of the biggest and most Many Questions” by Side A; “Kahit
“Hagkan” popularized by Sharon Cuneta, enduring hits in the area of Philippine pop Isang Saglit” by Vernie Varga; “Si
and “Ewan” by the Apo Hiking Society. music. Aida Si Lorna at si Fe” by Marco
“Ewan,” co-written with world- Among these are: “Ikaw” by Sison; “Babalik Ka Rin” by Gary
famous classical pianist Rowena Sharon Cuneta; “Tell Me” by Joey Valenciano; and “Closer You and I” by
Arrietta bagged Second Place at the Albert; “You are My Song” by Regine Gino Padilla, to name a few.
Second Metro Manila Popular Music Velasquez and Martin Nievera; “Say Tickets are now available at www.
Festival in 1979. That You Love Me” by Basil Valdez; ticketworld.com.ph or you can call
Ocampo soon became a popular “Ikaw Lang Ang Mamahalin” by Joey telephone number 8891-9999.
Tarsier Records artists mark 2023 with wins and new music United States. Her Tagalog hits “Wala Na Bang
Pag-Ibig,” “Dahil Tanging Ikaw,” and “Laging
Naro’n Ka” have made her a household name.
signature hit “Dreaming of You,” both songs
included in his EP Hits Reimagined released
in 2021.
IÑIGO Pascual, Maki, SAB, Zion, and Options, Iñigo’s international album 24 hours on Twitter. It features Kapamilya Last Saturday at the Herbert Zipper While the statuses of both Jaya and Garth
other Tarsier Records artists continue featuring the hit single “Catching stars Anji Salvacion and Brent Manalo. Concert Hall in Grand Avenue, Los Angeles, were crucial to the crossing of their paths, it
to make waves in music with several Feelings” surpassed 20 million streams in Marina Summers is the first drag the daughter of the late comedienne-singer is destiny that put them together onstage.
milestones achieved last year and new 2022. Following its success, the Monarch queen to be part of Tarsier Records’ roster Elizabeth Ramsey wowed the Fil-Am The latter had been poised to get deep into
music drops this month. star released a reimagined version of of artists. Her debut single “Divine” crowd with her duet with Garth of Dodjie the Fil-Am artist community, the former was
the album called Lockdown Sessions on produced by Moophs gained 10,000 Simon’s composition “Ikaw Lamang.” She brought back to America after a stellar run in
January 20. It includes stripped-down, Spotify streams in less than 24 hours. The complimented the birthday boy by saying she the Philippines.
Singer-actor acoustic versions of the songs “Options,” label continues to champion drag pop found the perfect stand-in for Janno Gibbs who Jaya climaxed her spot at Garth’s stylish
Iñigo Pascual “Neverland,” key track “Not Him,” and music and has just introduced another did the famed record of the classic piece with birthday bash by singing her most recent,
more. drag queen, Viñas Deluxe. her. pre-pandemic hit, “Hanggang Dito Na Lang,”
Newcomer Maki made an R&B twist to From milestones to new offerings, My Time: A Birthday Concert, brought to penned by StarPop label head Rox Santos.
the viral hit “Gusto Ko Nang Bumitaw” young artist SAB dropped the “Happy life by Starlink Promotions and TGM Group of She shared, “It’s a song that has not been heard
late last year, which crossed the half-a- You Stayed” music video that also stars Companies, also featured several promising Fil- for two to three years. Then it was submitted to
million mark on Spotify by year-end. Kaori Oinuma and Shanaia Gomez on Am artists in Southern California. Garth shone a Koreanovela which carried it.”
TikTok star Zion Aguirre meanwhile January 20 with over 73,000 YouTube brightly in his, yes, “shining, shimmering” She added, “Sometimes God has His own
achieved over 300,000 streams for his views as of writing. outfits and stage allure that complemented his ways of maneuvering things. He makes you
debut EP Bigkas. Dotty and Malli are also starting off smooth singing and properly timed quips. wait.”
The music video of Pinoy soul icon the year with a fresh vibe through their Garth took the opportunity to promote his The album Queen of Soul, from which the
Kyla and “Marry Your Daughter” collaboration “icy,” a rap track that talks latest single “Round Round” released on the song came, garnered awards. Jaya said she
hitmaker Brian McKnight Jr.’s song about protecting one’s energy from same day. It is a pop dance track that puts was already 50 when it happened. She noted,
collaboration “Cuz Of You (COY)” negative people. The two also dropped emphasis on his reputation as a singer delivering “Ang dami kong dapat ipagpasalamat. I’m so
garnered over 130,000 YouTube views the song’s music video on YouTube two upbeat, recallable songs and mellowing down thankful that this song kind of happened before
and its official hashtag was trending for Fridays ago. with heartfelt acoustic ballads. His version of I made the move to live in America again.”
C4 THURSDAY, FEBRUARY 2, 2023
“B
ORROWED
time. So, to combat that, I made myself busy aside
confidence” is the phrase from being serious with my studies,” she started.
that always comes Denise asked a friend to photograph her amid the
cherry blossoms at the Imperial Palace in Tokyo.
to mind whenever we talk about Wearing hair extensions, she used the photos to ini-
something that makes us feel and tially sell the products online through platforms like
look good temporarily—like how a Multiply and Friendster.
“My mom uploaded my photos online and she
woman feels more attractive when started swelling the hair extensions from our house in
she’s in her high heels or when she Antipolo. And she was selling at least one hair exten-
sion a day,” Denise said of the early days of her now
puts her makeup on. Some argue booming business.
that this idea leads to frustrations Self-expression
“In Tokyo, fashion is everything, it’s from head to
when the source of our confidence toe. Yes, including the hair. Hair extension there is a
runs out. normal thing and already a booming business. Since
I’m so exposed to using hair extensions, I thought of
But I say, building self-confidence is a process. bringing that aspect of Japanese fashion to the Philip-
Since it is not innate, we start somewhere by borrow- pines,” Denise shared and further said that she put up
ing that confidence until we own it. Tokyo Posh as a back plan.
Talking to Denise Aquino, CEO and president of “I was thinking, If I wouldn’t be able to finish Fash-
Tokyo Posh—the pioneer of premium hair exten- ion Design, at least I have a fallback.”
sions in the Philippines – making a woman feel bet- This fallback is now the go-to boutique for pre-
ter about the way she looks, albeit temporarily, is mium hair extension services in the metro. It has
already life-changing. two other branches in Powerplant Mall in Rockwell
Denise welcomed me into her “very pink” bou- (her first branch in a big mall after closing the first
tique located on the 4th level of The Podium Mall in shop in Pasig) and in UP Town in Quezon City — The brand has two unique products,
Ortigas Center, Mandaluyong. The afternoon tête- key locations that make her shops accessible to their the semi-permanent and the clip-ons
à-tête with the young mother and entrepreneur cen- target market.
tered on how she started the business in 2009 when Denise is very particular about the quality of
she opened a shop in Valle Verde in Pasig and how their product, which is why, being the pioneer in
her hair extensions changed the lives of ordinary the country, she confidently says that their hair
women —from celebrities to beauty queens, from extensions are exactly what they’re made to do—
models to bride-to-be, and from young profession- be an extension of your real hair.
als to stay-at-home moms. “No glue or sewing is required in the applica-
Tokyo Posh was born in the streets of Harajuku, Ja- tion process, we only use clips and tapes with a
pan, where Denise stayed as a fashion design student special adhesive to avoid hair damage,” she said
at the prestigious Bunka Fashion College. Exposed to even asking the author to touch her hair if he would
a culture where hair was seen as an accessory, fashion- notice any difference or notice if she’s wearing any
forward Denise decided to bring this lifestyle home hair extension at all.
to Filipinas, introducing hair extensions that were not The young entrepreneur believes that hair, apart
only easy to put on, but also came in a wide array of from being every woman’s crowning glory, is an
styles in colors and highlights all suited to complement extension of self-expression that can be changed on
the Asian look and style preference. a daily basis—depending on her mood and the look
“Two weeks after graduating from Ateneo in 2006, she wants to achieve.
I flew to Tokyo to study Fashion Design. Well, To- Hard work pays off
kyo wasn’t always the city that we know now, which Tokyo Posh basically started a new category in
Philippine fashion. It’s not just a brand that its clip-ons. And we are the exclusive distributor of the
CEO and President introduced. During the initial Hair Talk brand,” Denise said.
stage of her business, Denise had to do talks in Unlike most extensions, these do not involve
schools and hospitals and even hold bazaars to weaving, sewing, braiding, or gluing, but are simply
“just educate people about hair extensions.” clipped on, and worked into real hair. High-quality
“Back in 2009, we just had salons, we didn’t have fiber from Japan ensures that these extensions look
any hair extension specialist shops. Fast forward to and feel natural, and are lightweight enough to carry
2022 to 2023, and we’re happy to say that the indus- any posh girl through all her day-to-night activities
try is growing. We have a lot of competitors now and with confidence.
I think it’s good for the business, the hair extension “I feel so humbled and honored to see a lot of
industry is growing and that means, we’re here to women make their dreams come true with a simple
stay,” Denise exclaimed. activity as putting on hair extensions. It sounds so
Being the first brand to introduce such a category, shallow but it’s so true. After putting your hair ex-
Tokyo Posh prides itself on offering the best products tensions on, you get that sense of confidence that’s
and best solutions to all hair needs. hard to explain. Since we opened shop 14 years ago,
“People will not find our product anywhere. We we’ve seen a lot of women transformed simply be-
Tokyo Posh prides itself on offering the best products and best solutions to all hair needs have two categories, the semi-permanent, and the cause of this quick fix,” Denise ended.