Amy Vachal sang a soulful rendition of NSYNC’s Bye Bye Bye. Trae Patton / NBC
Amy Vachal sang a soulful rendition of NSYNC’s Bye Bye Bye. Trae Patton / NBC

Focus on the Philippines: Amy Vachal gives NSYNC hit a twist on The Voice



Filipino-American singer Amy Vachal continues to impress on the American edition of reality-­TV singing competition The Voice.

On this week's top-10 show, the 26-year-old put her own soulful spin on boy band NSYNC's 2000 hit Bye Bye Bye, which was picked by her coach Adam Levine.

"The last few weeks working with Adam has been incredible," Vachal said before her performance. "We've been taking these twists and turns, flipping musical genres, so I'm excited."

Her rendition earned a standing ovation from Levine, the lead singer of pop-rock band Maroon 5.

“I think that what we have figured out together is the ability to maximise the creative capacity on the show with songs that are not your own,” he said. “That’s a really valuable tool for anyone that is writing songs or singing songs.

“With you, Amy, we’ve been really able to maximise that and show people that there are a million different ways a great song can be a great song. And you’re so good at it – the way you sing them, the way you approach them. They’re infectious and popular and also just a good display of your artistry. That should be commended and rewarded on this show.”

Vachal's Bye Bye Bye cover peaked at No 10 on the iTunes Top 100 Chart after the show.

Fellow judge Gwen Stefani told her: "I was fantasising about the tour that you can go on after this. You can just take a bunch of top songs and flip them. Everybody wants to see that. Who wouldn't go to that? You're set up. It's perfect."

The competition’s front-­runners are 21-year-old pop vocalist Jordan Smith and teenage country singer Emily Ann Roberts.

Vachal, who lives in Brooklyn, New York, is the niece of Gwendolyn Garcia, who serves in the Philippine Congress as a representative for the province of Cebu.

True Faith and Cueshe performing in Dubai

Two popular Filipino bands will be entertaining the Emi­rates on Friday, December 4, when True Faith and Cueshe perform at Al Nasr Leisureland in Dubai.

Formed in 1992, True Faith are known for their folk-rock sound. While it has been five years since the veterans released an album, they signed a new deal with major studio Star Music in July.

Meanwhile, pop rockers Cueshe have just released a new single, titled Ikaw Lamang (Just You), and revealed that a new album is on its way.

Opening for the bands is DJ Martin Porta, who will be spinning Filipino hits from the 1980s and 90s.

The event will also feature a shopping bazaar selling Filipino goods and food.

Tickets, priced at Dh110, are available at www.platinumlist.net. Gates open at 3pm and the bands are due on stage from 8pm.

Cyrus Villanueva tops Australian charts

The X Factor Australia's newly crowned champion, Cyrus Villanueva, topped this week's ARIA Australian Artist Singles Chart with his song Stone, an original track he performed during the recent finale of the singing competition.

"My very first song ever recorded in a studio," the 19-year-old Filipino-Australian singer posted on Twitter. "Can't believe this track is at #1."

Villanueva's cover versions of his X Factor mentor Chris Isaak's Wicked Game and the Phil Collins song In the Air Tonight also charted this week at sixth and 10th place, respectively.

His debut album, Cyrus, is scheduled for release on December 11.

Maria Taniguchi wins Hugo Boss Award

Manila-based artist Maria Taniguchi has won the second edition of the Hugo Boss Asia Art Award for Emerging Asian Artists.

The 34-year-old, who paints, sculpts and creates multimedia art, will receive a prize of 300,000 Chinese yuan (Dh172,000) to continue developing her practice.

“Taniguchi solidly positions her work, without any compromise, into the context of Asia and international contemporary art,” said Larys Frogier, chair of the award’s jury.

“Her very singular, humble, but extremely focused practice of painting and video enriches the realm of media.”

A longlist of 40 artists from the Asian region were whittled down to six before the jury selected her as the winner.

An exhibition featuring Taniguchi’s work, and that of the other five finalists, is at the Rockbound Art Museum in Shanghai, China, until January 3.

Filipino singer wins Euro Pop Contest

Filipino contestant Ryan Richard Tamondong was crowned champion at the Euro Pop Contest, an annual singing competition in Berlin, Germany.

He beat contestants from 17 countries for the top prize and is set to record his winning original song, Be Strong, in the German capital.

"Everything is just little-by-little dawning on me that, yes, I won the Grand Prix at the Euro Pop," Tamondong, a university student, wrote on Facebook. "This is just the start."

Last year, the Philippines became the first country outside of Europe to take part in the competition.

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COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

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.”

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