A giant leap for Filipino cinema



The day that any filmmaker wins a Palme d'Or at the Cannes Film Festival is likely to change the course of their career. And while that's just what happened to the Filipino director Raymond Red, it wasn't for the reason you might expect. Just hours before winning the Best Short Film award at the French festival in 2000 with Anino, Red saw a news story about a man who hijacked a Filipino passenger plane and jumped out of it with a home-made parachute. After reading the article, the director knew he wanted to make a film about the event.

Almost a decade later, Manila Skies was screened as part of the Cinema of AsiaAfrica programme at the Dubai International Film Festival, after a successful run at a number of events around the world. It is the director's first full-length feature since Anino. Red emerged as a filmmaker in the early 1980s, making experimental shorts under the tutorship of the celebrated Filipino documentary maker Nick Deocampo. In the 1990s he moved into feature films, including the dramas Bayani and Sakay, before returning to shorts for much of the last decade.

In Manila Skies, he uses the hijacking to make a comment about the struggles of daily life in the Philippines. According to news footage included in the film, some 80 per cent of the country's population currently lives in poverty. "I get all this criticism from Filipino audiences about why I keep showing the negative side of the country," says Red. "But a guy really jumped out of a plane with a parachute he made himself. How can a man really reach a point of planning something as weird and insane as this?"

In the case of Manila Skies, the central character, played by Raul Arellano (who came out of retirement for the project), loses his job and is prevented from finding further work after coming up against a mountain of red tape. He then becomes briefly involved in Manila's criminal underworld, before deciding to escape to the countryside where he grew up. "I feel strongly that I want to show my convictions," says the director. "In Manila Skies I wanted to ask why we can't move forward in my country."

One of the film's strengths is its dialogue, which is largely made-up of conversations between out-of-work Filipino men desperately trying to seek a way out of poverty. Red says this is because his screenplay for the film was just 10 pages long and offered only rough outlines of the dialogue; the rest was improvised by the cast. Although film is one of the most popular art forms in the Philippines, public cinema attendance has more than halved in the past 15 years. Film production has substantially declined as a result, from a high of about 200 films a year during the 1980s, to around 30 in 2007. However recent years have seen a rise in Filipino independent cinema, with directors such as Brillante Mendoza, whose film Lola also played at DIFF, gaining acclaim around the world.

"Because of the recognition it's getting, people are saying there seems to be a rebirth of Filipino independent cinema. But I actually come from the first wave of independent cinema in the 1980s. It was around the time of the people-power revolution, when we toppled the Marcos dictatorship," he says. "It was a loose movement, a kind of revolution, with people shooting on Super 8 film." One of the current trends in Filipino independent cinema is the use of hand-held digital cameras, to create gritty and ultra-realistic footage. Although the technique is used in some parts of Manila Skies, the director believes the visual style is becoming overused.

"Manila Skies was a reaction to this trendy thing of filmmakers running around the city with a hand-held camera. This film was a little more restrained," he says. Despite his initial reservations about digital filmmaking, Manila Skies is the first Filipino movie to be shot using the Red One, an ultra-high-definition camera, used by the director Steven Soderbergh on both parts of the movie Che. Some have claimed that it now offers a quality comparable to film.

"Everybody thought I was a purist," says the director. "When they started working on digital in late 1990s, I was still using film. But when the Red One came out, I though this is definitely what I've been waiting for. Every time I see the film now, I'm blown away by the projection quality."

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh132,000 (Countryman)
Call of Duty: Black Ops 6

Developer: Treyarch, Raven Software
Publisher:  Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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Torbal Rayeh Wa Jayeh
Starring: Ali El Ghoureir, Khalil El Roumeithy, Mostafa Abo Seria
Stars: 3

PROFILE OF STARZPLAY

Date started: 2014

Founders: Maaz Sheikh, Danny Bates

Based: Dubai, UAE

Sector: Entertainment/Streaming Video On Demand

Number of employees: 125

Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners

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The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

Water waste

In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.

Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.

A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.

The Emirates is the world’s third largest per capita water consumer after the US and Canada.

The specs

Engine: 1.5-litre, 4-cylinder turbo

Transmission: CVT

Power: 170bhp

Torque: 220Nm

Price: Dh98,900

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The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Scoreline

Man Utd 2 Pogba 27', Martial 49'

Everton 1 Sigurdsson 77'