Philippine tourism officials are investigating an advertising agency after the creators of a video promoting the nation as a holiday destination said it had used stock shots from other countries.
Advertising agency DDB Philippines apologised for the "highly inappropriate" images, which included rice terraces in Indonesia and sand dunes in Brazil.
The agency was behind the video for the government's Love The Philippines tourism campaign, launched on June 27.
The tourism ministry announced on Saturday that it was investigating allegations that DDB's video included "non-original shots". The video was later removed from its Facebook page.
Popular Philippine blogger Sass Rogando Sasot posted on Facebook that several images in the campaign video were from other countries.
Analysis confirmed that the video showed places in Brazil, Indonesia, Switzerland and the UAE.
DDB apologised on Sunday for using "foreign stock footage", describing it as an "unfortunate oversight on our agency's part".
"Proper screening and approval processes should have been strictly followed," DDB said.
"The use of foreign stock footage in a campaign promoting the Philippines is highly inappropriate, and contradictory to the Department of Tourism's objectives."
The video was produced at its own expense, DDB said.
The tourism ministry said it had "repeatedly sought confirmation from DDB on the originality and ownership of all materials contained in the AVPs (audio-visual presentations) and key visuals presented to the Department".
"In all these occasions, DDB repeatedly assured the DOT that the originality and ownership of all materials are in order," the ministry said.
Some of the images used in the promotional video can be found on the websites of stock footage providers.
For example, footage of rice terraces is on Pond5, which identified the location as Ubud on the Indonesian tourist island of Bali.
Videvo has the same aerial shot of sand dunes as the one used in the Philippine advertisement but says the location was Cumbuco in north-eastern Brazil.
Other footage shows a fisherman casting a net while wearing a hat not typically worn in the Philippines and a person driving a buggy over sand dunes in the UAE.
A spokeswoman for the tourism ministry did not respond to requests for comment on Sunday.
Tourism minister Christina Frasco told local media the new branding campaign cost 49 million pesos (nearly $900,000).
Frasco said the ministry conducted a global survey which found that, in the post-pandemic era, tourists wanted "authentic interactions with communities".
The new slogan replaced "It's More Fun in the Philippines".
Tourism is a key industry in the Philippines, which boasts pristine dive spots and white sand beaches, but arrivals lag those of its neighbours due to poor infrastructure and high costs.
There were 2.7 million inbound tourists to the Philippines last year, down 68 per cent from pre-pandemic levels in 2019, according to the UN's World Tourism Organisation data.
Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi
Yadoo’s House Restaurant & Cafe
For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.
Golden Dallah
For the cappuccino, luqaimat and aseeda.
Al Mrzab Restaurant
For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.
Al Derwaza
For the fish hubul, regag bread, biryani and special seafood soup.
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.”
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Arabian Gulf League fixtures:
Friday:
- Emirates v Hatta, 5.15pm
- Al Wahda v Al Dhafra, 5.25pm
- Al Ain v Shabab Al Ahli Dubai, 8.15pm
Saturday:
- Dibba v Ajman, 5.15pm
- Sharjah v Al Wasl, 5.20pm
- Al Jazira v Al Nasr, 8.15pm
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- One for Latin America and Caribbean Group
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1954 - Clinical trials of birth control pill
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1998 - The first adult live-donor liver transplant is carried out
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Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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Uefa Champions League semi-final, first leg
Tottenham v Ajax, Tuesday, 11pm (UAE).
Second leg
Ajax v Tottenham, Wednesday, May 8, 11pm
Games on BeIN Sports