BusinessMirror October 10, 2024 by BusinessMirror

HE Philippine economy will likely grow by 6 percent in the third quarter of

on the back of

according to Finance Secretary Ralph G. Recto.

PHL to get $2.2-B ADB loans for 3 major projects What

the Philippines.

ADB Philippines Country Director Pavit Ramachandran recently told reporters that three more Philippine projects are up for approval this year.

“We’ve had a very strong engagement. We’ve supported a number of the 186 ﬂ agship projects [such as] the Bataan-Cavite Bridge, the Davao Bus Modernization program. We are in the last stages of

Road Network Project which is expected to cost $1.2 billion and is set for approval before the year ends. e total cost of the project is $2.79 billion. Of this amount, $1.698 billion will be

ient, and

How do you solve a problem like Myanmar? Asean stumped

VIENTIANE, Laos—President Ferdinand Marcos on Wednesday said the Association of Southeast Asian Nations (ASEAN) is now looking for a solution beyond the regional bloc’s “ﬁve-point consensus” to restore peace in Myanmar.

As for the territorial issues in the South China Sea (SCS), which aﬀects the Philippines and China, he said, ASEAN will discuss it further in the coming days.

In a chance interview with reporters, the chief executive disclosed that ASEAN leaders tackled the matter in their sessions during the ﬁ rst day of their 44th and 45th Summit at the National Convention Center in Vientiane, Lao People’s Democratic Republic (PDR).

“We are trying to formulate new

strategies to move forward. We haven’t done it yet,” he said.

e President noted the ASEAN leaders are now considering the option since the “ﬁve-point consensus” they forged to break the impasse between Myanmar’s junta government and rebel forces still hangs.

“We are trying to ﬁ nd ways to move forward because we have to admit that although the ﬁve points have been out there since Brunei, we have not been very successful in actually changing the situation,” Mar-

cos said.

Mynamar’s military successfully took over its government in a coup in February 2021, ousting its elected oﬃcials. e incident led to a surge in armed insurgencies in Myanmar and resulted in an ongoing civil war.

To address the confl ict, ASEAN member countries agreed on a “fivepoint consensus,” which calls for both parties in Myamar to implement immediate cessation of violence; constructive dialogue to seek a peaceful solution; allow a Special Envoy of ASEAN to facilitate mediation of the dialogue process; allow ASEAN to provide humanitarian assistance in confl ict-hit areas, and to allow a Special Envoy to visit Myanmar to meet with all parties concerned.

Pending the resolution of conﬂ ict in Myanmar, ASEAN has decided to bar the state from hosting and attending the regional bloc’s summit in 2026. e Myanmar junta sent a representative to the ongoing ASEAN Summit in Lao-PDR to seek the lifting of such restrictions.

As for the SCS, Marcos said he ﬂ icts in the major waterway.

He said he hopes ASEAN will come out with more detailed plan to address territorial issues in the SCS especially as China intensiﬁes its control of the said area.

“We will have a chance to get into more details maybe in the next couple of days,” Marcos said. e ongoing ASEAN Summit will end October 11, 2024.

“I’m still hoping [for] 6 percent more so that inﬂ ation is declining,” Recto said. e country’s inﬂ ation rate settled at 1.9 percent in September 2024, the lowest since May 2020.

e 6-percent growth projection by the Finance chief is within the Development Budget and Coordination Committee’s (DBCC) target of 6 to 7 percent for 2024.

However, this is lower than the faster-than-expected 6.3-percent GDP posted in the second quarter of 2024 though slightly better than the 5.9 percent GDP recorded in the third quarter of 2023. Recto said economic growth in the third quarter of 2024 will be mostly driven by household consumption, which accounts for 75 percent of the GDP.

“For as long as [household ﬁ nal consumption expenditure] grows 6 percent, I think [the economy] will grow by 6 percent,” Recto added.

Infra spending

BUDGET Secretary Amenah F. Pangandaman said on Wednesday the P1.510- trillion budget allocation for infrastructure outlays in the 2024 national budget will help attain the country’s growth targets.

“ is is consistent with our Medium Term Fiscal Framework to achieve our growth targets, and is well within the National Govern-

ment’s target for infrastructure spending at 5 to 6 percent of GDP,” Pangandaman said in a statement.

‘No need to adjust targets’ EARLIER, Pangandaman, who also serves as chairperson of the DBCC, said the economic team might revise upward its growth targets by holding an oﬀ -cycle DBCC meeting in the third quarter of the year. (See: www. businessmirror.com.ph/2024/10/08/ dbcc-revising-targets-as-inflationimproves/)

Recto agrees with Pangandaman in holding a DBCC meeting, not in the third quarter but in December instead. e DBCC conducts regular meetings in the fi rst, second and fourth quarters of the year. In the fourth quarter of the year, the DBCC meeting is usually held in December. e meeting, Recto said, is “not really to adjust but just to review” the economic team’s macroeconomic assumptions and fi scal targets. As for the country’s fi scal targets, such as the government’s revenue collection and spending and budget deficit, Recto said there is no need to adjust these this year.

“I think these are manageable this year,” Recto added. If ever there would be adjustments in the government’s targets, it would be all for next year instead.

“We have to take a look at what’s happening also globally. We have to prepare just in case there are more tensions in the Middle East,” Recto said.

SM’s holiday community activation wins Asian Experience Award

It highlights the company’s commitment to social responsibility and its impact on Filipino communities.

IN the Philippines, Christmas is a deeply cherished cultural event starting as early as September.

Major shopping mall chain

SM Supermalls aimed to leverage this period to cement its brand positioning with the “100 Days of Christmas Surprises” campaign, which ran from September 17 to December 25, 2023. It used a

three-pronged strategy to execute the campaign.

The first strategy was community engagement, in which SM identified 100 deserving individuals, such as street vendors, delivery riders, and differently-

abled individuals, and provided unexpected, personalized presents tailored to their needs. All the recipients were selected by thenSM’s 85 malls based on their needs and backgrounds.

SM also involved retailers and tenants to contribute products, enhancing the spirit of “bayanihan” (community involvement). Retail partners such as the SM Store, SM Supermarket, Toy Kingdom, Watson’s, Ace Hardware, and Pet Express, along with tenant partners like Pizza Hut, Dairy Queen, Aristocrat, Vans, and Nike, contributed generously to the cause.

At the same time, it shared heartwarming videos of gift recipients with its 34 millionstrong Facebook followers to amplify emotional appeal and reach.

The “100 Days of Christmas Surprises” campaign garnered 91.7% positive sentiment, indicating a warm reception from the market. It also achieved a social media reach of PHP27M, with 20.2 million Facebook views and a 74.9% engagement rate.

SM’s foot traffic also increased by 7.44% compared to the previous year, demonstrating the campaign’s effectiveness in attracting more families to SM Supermalls for holiday festivities. This subsequently led to an 8% increase in revenue compared to 2022.

The campaign has created significant awareness with 51 traditional media pickups, amounting to PHP 18.1M in media value.

It also underscored the brand’s commitment to social responsibility and community service, which has been recognized by the highly sought-after Asian Experience Awards 2024. This success earned SM the Philippines Brand Experience of the Year - Retail title in the event.

The prestigious awards program recognizes the ingenious initiatives of creative companies delivering meaningful brand experiences to their stakeholders.

(L-R): SM Supermalls’ Senior Assistant Vice President (SAVP) for Marketing – Mindanao Russel Alaba, VP for Corporate Marketing Grace Magno, Executive VP for Marketing Joaquin San Agustin, SAVP for Marketing – Visayas Paeng Batuigas, and Asian Business Review Contributing Editor Simon Hyett.

Funding woes stymie push for PHL jail decongestion

FROM August to October of this year, the Bureau of Corrections (BuCor) has released a total of 740 persons deprived of liberty (PDLs) as part of the current administration’s program to decongest the country’s prison facilities.

is brings the number of PDLs freed under the more than twoyear term of President Ferdinand Marcos Jr. to a total of 16,657. Meanwhile, more than 5,000 out of 27,311 PDLs convicted of heinous crimes are expected to be released before the year ends after the Supreme Court ruled with ﬁ nality that persons convicted of heinous crimes are entitled to the beneﬁts of Republic Act No.10592, or the New Good Conduct Time Allowance (GCTA) law.

On December 2023, all three branches of the government—the Executive, the Legislative and the Judiciary—came together in the National Decongestion Summit, spearheaded by the Justice Sector Coordinating Council (JSCC) to ﬁ nd solutions to jail and prison overcrowding e JSCC, composed of the Supreme Court (SC), the Department of Justice (DOJ), and the Department of the Interior and Local Government (DILG).

During the event, Chief Justice Alexander Gesmundo stressed that the eﬃciency and eﬃcacy of any criminal justice system is measured not by how many are prosecuted and incarcerated, but rather by how many are reformed and rehabilitated.

Chief Justice Gesmundo, however, admitted that the conditions of the country’s jails and detention facilities are not humane.

Chief Justice Gesmundo said that the Summit “will go beyond mere talk and discussion” and stressed that JSCC will already lay down its plan of action for addressing congestion.

Despite these eﬀorts, the alarming inhumane conditions of those still serving their prison terms is far from over as prison facilities are expected to remain congested in the coming years.

In fact, the occupancy rate of the country’s penal facilities remain high at more than 230 percent as of May 31, 2024, as the PDL’s population continue to rapidly increase reaching more than 53,000 as of the same period.

Justice Secretary Jesus Crispin Remulla, during the Senate’s budget hearing for the 2025 National Expenditure Program for the judiciary in August, described the congestion problem of correction facilities as “unmanageable” and the conditions of PDLs as “pitiful.”

He lamented that the government has other important priorities in the allocation of budget which explains the huge cut in the proposed 2025 budget for the BuCor. BuCor submitted a budget proposal for ﬁ scal year 2025 amounting to P24.5 billion to address the challenges posed by high occupancy and congestion rates in various operating prison and penal farms, but was only given an appropriation of P9.243 billion, or less than half. e proposed budget was supposed to be spent for the construction and expansion of current prison facilities and rehabilitation of infrastructure to improve their capacity and living conditions of PDLs, which is deemed crucial for rehabilitation.

Aside from the NBP, the BuCor is currently operating seven

penal and prison facilities such as the Davao Prison and Penal Farm (DPPF), Iwahig Prison and Penal Farm (IPPF) in Palawan, San Ramon Prison and Penal Farm (SRPPF) in Zamboanga, Sablayan Prison and Penal Farm (SPPF) in Occidental Mindoro, Leyte Regional Prison (LRP) and the Correctional Institute for Women (CIW) in Mandaluyong City. Out of the seven prison facilities, the NBP in Muntntilupa City stands out with the highest occupancy rate, reaching 292 percent with its PDL population of 28,892 occupying space for a maximum capacity of 9,885 for its land area.

e DPPF has a PDL population of 8,707 as of May 2024 despite its capacity of only 1,350 or an occupancy rate of 645 percent; IPPF has a 4,430 PDL population although its capacity is only 645 or an occupancy rate of 687 percent; SRPPF has a 3,721 PDL population for a maximum capacity of 711 or 523-percent occupancy rate; SPPF has more than 3,000 PDLs with a maximum capacity of 1,175 or an occupancy rate of 284 percent; LRP’s PDL population has reached more than 3,000 with a maximum capacity of only 687 or 481 percent occupancy rate; and CIW with more than 3,000 PDLs although its maximum capacity is only 1,008 or an occupancy rate of 309 percent.

No expansion, more congestion CHIEF Justice Gesmundo has stressed that the congestion problem of jail prison facilities cannot be addressed without the corresponding expansion of jail facilities.

He noted that 70 percent of detention facilities under the Bureau of Jail Management and Penology are overcrowded, at an average congestion rate of 386 percent.

Even worse, the occupancy rate in some jails has gone as high as 2,748 percent of their standard capacity, according to the chief magistrate.

Remulla also conceded that mega prisons like the NBP are already considered taboo around the world, as they dehumanize the PDLs’ conditions.

us, the DOJ and the Bucor are pushing for the decentralization of prison facilities before 2028.

However, the plan would have to take the backseat because of budgetary constraint.

“What was not given by the national government in terms of our submission was the Bucor prison modernization program that what we wanted to introduce to have a decentralize jail system and not have a mega prisons,” Remulla told the Senate.

is would mean that the construction of regional facilities as embodied in Republic Act 10575 or the Bureau of Corrections Modernization Act will have to wait.

Under the proposed 2025 NEP, the construction of various facilities under the Bucor were only given an appropriation of P853.179 million. is would include the construction of two units of two-storey dormitory at DPPF amounting to P100 million; two units of two-storey dormitory at IPPF worth P273.2 million; one unit of two-story dormitory at SRPPF in the amount of

P180 million; and P300 million for the second-year construction of a Super Maximum Security Facility at SPPF.

“It’s really a pitiful situation we have right now that’s why we wanted to decentralize the prison system and to build regional jails,

■ Section F: “In search of the good life,” by Cai U. Ordinario

“House rushes to minimize economic impact of POGO ban” by Jovee Marie N. Dela Cruz

“Trade disruptions hike cost of doing business” by Andrea E. San Juan

at least 15 regional jails through the country,” Remulla earlier lamented.

Remulla said the DOJ is exploring the possibility of entering into public-private partnership (PPP) arrangements to address the urgent problem.

■ Section G: “Poultry, hog raisers soldier on despite disease outbreaks” by Ada Pelonia

“After the exodus: Manila ramps up program for returning OFWs” by Samuel P. Medenilla

■ Section H: “Challenge of Success: As it ramps up growth in key sectors with digitalization, PHL faces rising cyber threats” by Lorenz S. Marasigan

■ Section I: “ e bittersweet reality of Reaching 60” by Justine Xyrah Garcia

PHL to get $2.2-B ADB loans for 3 major projects

of the country. e project will traverse Alabang, Cabuyao, Santa Rosa, Sucat Interchange, Tunasan, and Western Bicutan. It will be implemented by the Department of Public Works and Highways.

“ e investment project is also aligned with ADB’s Strategy 2030 and will support the following operational priorities: addressing remaining poverty and reducing inequalities; making cities more livable; accelerating progress in gender equality; tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability; and strengthening governance and institutional capacity,” the project document stated.

Meanwhile, the two other projects up for approval this year are the PFM and CCAP Subprogram 2 which will be ﬁ nanced through ADB OCR loans worth $500 million each.

Apart from the OCR loan, the PFM will also receive a $150-million loan from the OPEC Fund for International Development. is means, the total cost of the project is $650 million.

e project aims to decentralize public expenditure and ﬁ scal management nationwide. It will be implemented by the Depart-

ment of Finance (DOF). e CCAP, meanwhile, will also be ﬁ nanced by a $278.33-million loan from the Agence Francaise de Developpement (AFD) or the French Development Agency. is means, together with the $500-million loan from ADB’s OCR, the project’s total cost will reach $778.33 million.

e DOF will also implement the project and will include subsectors such as Agricultural policy, Institutional and capacity development and Energy sector development and institutional reform.

e project also includes a ﬁnance sector development subsector as well as a public expenditure and ﬁ scal management subsector.

“To better address the needs of older populations, researchers and media should stop fussing over ageing” by Najmeh Khalili-Mahani

■ Section J: “Facing the country’s balloonng debt: Do more loan-bolstered funds spell certain progress?” by Reine Juvierre S. Alberto

■ Section L: “Comelec in work/ﬁght/ mode for 2025 super election year” by Samuel P. Medenilla

■ Section M and N: “Palayan rising: e capital city of Nueva Ecija ramps up projects to be agri-smart and sustainable” by Henry Empeño

■ Section K: “Laos Beckons: PHL’s Asean neighbor a rising jobs destination for migrant workers, but the risk of being a magnet for human traﬃckers persists” by Samuel P. Medenilla “Southeast Asian leaders meet in Laos to discuss Myanmar war and disputed sea” by Jintamas Saksornchai and Eileen Ng/Associated Press

CHIEF Justice Gesmundo, noting that the conditions of the country’s jails and detention facilities are not humane, is leading the campaign for prison reforms.

ADB Philippines Country Director Pavit Ramachandran

China resumes aggressive actions at WPS

By Rex Anthony Naval

ACHINESE coast guard ship

subjected a Bureau of Fisheries and Aquatic Resources vessel to a water cannon attack in the waters off Bajo de Masinloc in Zambales on Tuesday, the Navy reported.

“We were informed of a water cannon incident in Bajo de Masinloc by the CCG vessel towards a Bfar vessel. Details of that we’d like to politely defer to the bureau for the official statement on the issue,” the Navy spokesman for the West Philippine Sea (WPS), Rear Adm. Roy Vincent Trinidad, said in a news briefing.

Initial reports said the Bfar ship was distributing fuel and other supplies to Filipino fishermen as part of its humanitarian mission when

PHL, Japan air forces hold bilateral HADR training

THE air forces of the Philippines and Japana started on Thursday a bilateral training exercises in humanitarian assistance disaster relief(HADR) in Lapu-Lapu City in Cebu. Dubbed “Doshin-Bayanihan 2024,” the exercises focused on HADR, the PAF said.

“This joint training initiative aims to strengthen the operational capabilities of both Philippine Air Force and Japan Air Self-Defense Force units in HADR while fostering deeper cooperation and reinforcing the strong relationship between the Philippines and Japan,” it said.

Covered by the training are HADR operations, including simulated airdrop

flight training, load-offload operations, aeromedical evacuation exercises, and subject matter expert exchanges, it said.

Exercise director Col. Reynaldo Jose Montoya said this is an opportunity to exchange valuable knowledge, skills, and cultural insights.

Montoya added these exchanges will significantly enhance the capabilities and camaraderie between both air forces.

Earlier, the JASDF delegation led by Lt. Col. Shotaro Arai of the First Tactical Airlift Wing, JASDF, rendered a courtesy call to Maj, Gen. Joannis Leonardi Dimaano, commander of the Air Mobility Command. Rex Anthony Naval

accosted by the Chinese ship. No other information was immediately available at this time.

As this developed, Trinidad maintained that the Navy is committed to defend Philippine territory and said they will also continue supporting the Coast Guard and Bfar in their missions.

Reacting to the water cannon attack on a Bfar ship, Senate President pro tempore Jinggoy Estrade expressed indignation saying, “Kung dati ay mga mangin-

gisda at Philippine Coast Guard ang madalas na pinapatikim ng water cannon at pambu -bully ng China Coast Guard, ngayon maging ang ating maritime scientists na mula sa Bureau of Fisheries and Aquatic Resources nakakaranas na rin at paulit - ulit na rin silang nalalagay sa panganib.” “ Hindi natin palalampasin ang mga pagmamalabis at hindi makataong pagtrato sa atin ng CCG. This is a blatant violation of our sovereign rights and rules-based

international order, the United Nations Convention on the Law of the Sea (Unclos). We must hold the CCG accountable for all of its unprovoked attacks. The safety of our government personnel and the sovereignty of our country are non-negotiable. I also urge the PCG and the Philippine Navy to increase the frequency of patrols in the West Philippine Sea to ensure the safety of our people and the security of our waters, Estrada said.

Marcos orders govt agencies to prepare for evacuation of Pinoys in Lebanon

By Samuel P. Medenilla @sam_medenilla

WING to the escalat

Oing tension in Lebanon, President Marcos ordered concerned government agencies to start mobilizing government assets to bring home distressed Filipinos in that country. Marcos issued the order during his Zoom meeting with concerned government agencies on

Wednesday in the wake of Israel’ deployment of more ground troops to Lebanon. Israel sent more troops following intensified Hezbollah rocket attacks.

“President Ferdinand R. Marcos Jr. reassures the Filipino people that the Philippine government is fully on top of the situation amid the ongoing Middle East crisis, prioritizing the safety and welfare of Filipinos in the region,” Presidential

Communications Office said in a statement.

In his departure speech on Monday, Marcos said the government is ready to repatriate the more than 40,000 Filipinos in Israel and Lebanon.

Marcos convened the meeting, while the 45th Association of Southeast Asian (ASEAN) Summit Retreat Session is ongoing at the National Convention Center in Vientiane, Lao People’s Democratic Republic.

The President was represented by Department of Foreign Affairs (DFA) Undersecretary Maria Theresa Lazaro during the opening of the session. Among those who participated in the meeting are Executive Secretary Lucas P. Bersamin, Foreign Affairs Secretary Enrique Manalo, National Defense Secretary Gilberto Teodoro, Migrant Workers Secretary Hans Leo Cacdac and National Security Adviser Eduardo Año.

DILG’s Remulla: I’ll personally shut down Pogos, one by one

EWLY-APPOINTED

NSecretary of the Interior and Local Government (SILG) Jonvic Remulla on Wednesday vowed to shut down all Philippine Offshore Gaming Operator (Pogo) hubs.

“As far as I am concerned, I will get the list of Pogos and I will personally lock them down, one by one, personally, lahat sila [all of them,” Remulla said after assuming his new post in turnover rites in Quezon City.

He said he has already talked to the officials of the Pogo hub operating in Island Cove in Kawit, Cavite, a resort property previously owned by his family.

“They will close down December 15 for good,” he added.

Remulla, meanwhile, said all officials of the DILG would remain in their posts for now.

“The instructions of President Marcos are very clear. One is the recommended structural reforms for the various agencies under the DILG. Next is the increased responsiveness of the local governments [and] last is the safety and security of the candidates and the public for the 2025 elections,” he said.

Remulla said he wants to ensure “zero casualt” for next year’s midterm elections.

The former Cavite governor recalled some measures he implemented to ensure peace and order in past elections in Cavite.

“What I did was each and every candidate

for mayor [was] always accompanied by [a police] mobile patrol vehicle,” he said, clarifying that the police officers did not serve as bodyguards of these candidates.

“Maybe we can do [the same but I don’t know if mobility is possible. But we will enlist the help of all agencies of government to make the elections as peaceful as possible.”

At least 16 people were killed during the entire election period in the 2022 elections.

Remulla, meanwhile, said they are looking at areas in the Bangsamoro Autonomous Region in Muslim Mindanao, Cagayan, Nueva Ecija, and Palawan as hotspots for next year’s polls.

“Those are premature, just off-the-cuff assessments. We will get into a definite list in the next few weeks because filing [of certificates of candidacy or COCs] ended just yesterday [Tuesday]. We will give a definite list afterwards,” he said.

In a separate press briefing held in Camp Crame, the National Police spokesperson, Brig. Gen. Jean Fajardo, said the filing of COCs was generally peaceful, except for a shooting incident in Shariff Aguak town in Maguindanao del Sur on Tuesday.

The incident, between supporters of mayoral candidates, led to the death of one person and wounding of five others, Fajardo said.

“Hindi pa ito considered ERIs [election-related incident] kasi wala pa tayo sa [because we are not yet in the] election period. The directive of the National Police chief, Gen. Marbil, is to intensify police presence and border controls, as well as the conduct of strategic checkpoints, particularly those in areas where there are potential ERIs to prevent a repeat of these incidents, as well as possible violence,” Fajardo said.

Army troops reminded: Stay non-partisan THE Army on Wednesday reminded all its personnel to remain non-partisan in the coming elections.

“We also remind all our personnel to remain non-partisan in strict adherence to our constitutional mandate,” the Army spokesperson, Col. Louie Dema-ala, said in a statement. He added that the PA would maintain the highest standards of professionalism, discipline, and integrity as it looks forward to safe, orderly, and peaceful elections.

“As the filing of certificates of candidacy has concluded, the PA assures the Filipino people of its commitment to protect the sanctity of the electoral process,” Demaala said. PNA

The National Police is conducting a thorough investigation of the incident, which occurred near the town hall, she said, adding that police personnel who rushed to the scene were also fired upon. Fortunately, no one was reported hurt on the side of the police.

TURNOVER Outgoing Interior and Local Government Secretary Benjamin Abalos Jr.

(left) hands over the Department of the Interior and Local Government flag to incoming Secretary Jonvic Remulla during the turnover ceremony at the DILG-NAPOLCOM Center in Quezon City on Wednesday. Abalos is running for a Senate seat in 2025. PNA

October 10, 2024

Remulla eyes ‘structural reforms’ in National Police

NEWLY-INSTALLED

Secretary of the Interior and Local Government Juanito Victor Remulla said he would push for a new law mandating structural reforms in the National Police.

Remulla, who officially took over the reins of the Department of the Interior and Local Government from resigned Secretary Benjamin Abalos Jr. on Wednesday, said the current organizational structure of the police force is “top-heavy.”

“I think we have to flatten it a little bit. There are so many generals, so many layers. I think we need to do with less,” he said in a

media interview after the turnover ceremony at the DILG main office in Quezon City.

Remulla also said he wants to establish a merit-based system for the promotion of officers.

“Ang nangyayari kasi ngayon palakasan hindi ba [What is happening now is a culture of patronage] and I have tried my best in my province na walang palakasan doon [there is no patronage sys -

PHLPost releases schedule for Christmas mails, parcels

THE Philippine Postal Corporation (PHLPost) advised the public on Wednesday, especially Filipinos who are working in other countries to send their mails and parcels before the suggested date of mailing at post

offices and abroad to help ensure that mails and parcels are received in time for Christmas 2024.

Holiday-related Domestic Express Mail (DEMS) should be sent on or before December 6 (Metro Manila), December

tem there] and I want to institute that,” he added.

In July last year, President Marcos vetoed the measure seeking to introduce organizational reforms in the National Police.

The President said some provisions of the bill “run counter to administrative policy and efficiency” and that it may create pay disparities among police cadets, as well as overlapping functions and redundancies due to the creation of “ambiguous” offices.

Remulla said he admired the Nationl Police chief, Gen. Rommel Francisco Marbil, for opposing the bill’s enactment into law, even if it would have benefitted him.

“I think it was a defective law from the start and I think we should craft a newer, more responsive and more realistic law,” he added.

04 (Luzon) and November 29 (the Visayas and Mindanao).

Likewise, International Express Mail (IEMS) destined for abroad is set on November 22.

For Domestic Registered Mail, the schedule for mailing shall be on December 4 (Metro Manila), November 29 (Luzon) and November 22 (the Visayas and Mindanao). International registered mails sent abroad

Remulla, a long-time governor of Cavite province, said he was never given a chance to choose the top cop of his own province.

He, however, respects the power of local chief executives to choose their own police chiefs, as mandated by Republic Act 6975 or the DILG Act of 1990.

The new DILG chief, meanwhile, vowed to uphold three key principles—integrity, punctuality, and accountability.

“Number 1 is you have to keep your integrity. That’s a cornerstone of public service, keep your integrity. Number 2 showing up on time means that you care. I am always on time. No. 3 accountability lalo na sa pera ng bayan [especially on public funds],” said Remulla.

Remulla also lauded the police’s bloodless campaign against illegal drugs.

should be mailed on or before November 18.

The deadline for sending Domestic Parcel will be on November 29 (Metro Manila), November 22 (Luzon) and November 20 (the Visayas and Mindanao). Meanwhile, Air Parcel intended for abroad should be sent on November 08 to reach their country of destinations in time for Christmas.

“The National Police is doing a good job. The record number of seizures of drugs increased in the last two and a half years. I think EJK [extrajudicial killings] was not the solution. It did not decrease the number of arrests. It did not decrease the volume of drugs on the street. I think what the National Police is doing now is within accordance with the bounds of law and accordance with the bounds of human rights. So I think what they are doing now is better than what the previous administration is doing,” he explained.

Marcos named Remulla as the new interior chief after Abalos stepped down from the post to run for the Senate in next year’s midterm elections.

Remulla, meanwhile, hailed Abalos’ contributions and service.

“I stand now on the shoulders

For Domestic Ordinary Mail, the deadline for mailing will be on November 29 (Metro Manila), November 22 (Luzon) and November 29 (the Visayas and Mindanao). International Ordinary Mails is scheduled for mailing on November 18.

Mail items containing goods (especially with dutiable items), are subject to customs examination and may need additional

of a giant in local governance, Secretary Benhur Abalos...your integrity is unmeasurable. You leave me with a very tall task of following in your footsteps. I hope to be equal and I hope too, to make you proud of what we do, Sir. Thank you,” he added. Meanwhile, Abalos said the agency is in good hands with Remulla’s leadership. He likewise acknowledged the DILG workforce, adding that he is proud that his more than two years as head of the department have been “a successful term because of this family.”

As DILG chief, Remulla will oversee local government operations nationwide and will have supervision of the National Police, Bureau of Fire Protection, and Bureau of Jail Management and Penology to ensure peace and order and public safety. PNA

processing time. PHLPost, an integral part of the country’s infrastructure, connects Filipinos across the archipelago and facilitates commerce and communication. It has embarked on the journey of transformation and growth, and remains committed in delivering reliable postal services, embracing innovation, and fostering closer ties with its stakeholders.

Intl gathering of nuke power experts set

By Lenie Lectura @llectura

THE Philippines will host an international gathering of nuclear power experts in which participants will share their best practices and learn from industry leaders from various sectors.

The Department of Energy (DOE) said on Wednesday the country will host the inaugural Philippine International Nuclear

Supply Chain Forum (PINSCF) 2024.

The forum, scheduled on November 13 to 15, 2024, aims to guide the Philippines in its transition towards clean and sustainable energy systems.

Experts from the international nuclear supply chain, power generation companies, government agencies, embassies, academia, media and other key sectors expected to attend the three-day forum.

Countries with extensive experience in nuclear energy, such as the United States, Canada, France, Japan, and South Korea, will share their technologies, expertise and

best practices in the field. Their participation will provide valuable insights as the Philippines explores nuclear energy for a balanced, resilient, and low-carbon energy system, driving both economic growth and environmental sustainability.

“We are bringing together companies from countries with proven track records in building and maintaining the critical infrastructure needed by the energy sector. This forum will showcase their innovations and best practices, offering the Philippines the opportunity to learn and benefit from their experiences,” the DOE said in a statement.

“As the world transitions away from fossil fuels, nations are weighing options for achieving energy independence and security.

This forum allows us to engage with the global community while ensuring that our own stakeholders are part of the discussions,” the DOE added.

The Philippines has formalized its commitment to exploring nuclear energy as part of its energy mix through Executive Order 164, s. 2022. Generating power through fission, nuclear energy is one of the cleanest sources of power, with zero carbon dioxide emission and

the capacity to provide reliable and stable supply of power to the grid.

The Philippines aims to have its first nuclear power plants operational by 2032, with an initial capacity of 1,200 megawatts (MW), expanding to 2,400 MW by 2035 and reaching 4,800 MW by 2050, as outlined in the Philippine Energy Plan.

This initiative is part of the country’s broader strategy to diversify its energy mix, strengthen energy security, and drive investment in human capital, ultimately improving labor productivity and fostering long-term economic growth.

Sending of caregivers to South Korea unaffected by desertions,

By Samuel P. Medenilla @sam_medenilla

THE Department of Migrant Workers (DMW) said its ongoing caregiver project to South Korea will be “unaffected” by the suspected desertion of Filipinos under the program.

“The Secretary said that the absence and suspected desertion of two Filipino caregivers are two isolated cases that will not affect the overall program,” DMW said in a statement on Wednesday. The desertion was reported to

have happened during the first month of their six-month pilot program. A total of 100 caregivers participated in the launch of the program in August.

Migrant Worker Secretary Hans J. Cacdac said the department expected such issues to occur during the launch of the program, which they hope to address in coordination with the Korean Ministry of Employment and Labor (MOEL).

“It’s a pilot program and we expect certain challenges, issues, and problems along the way, which are now being carefully addressed by

both sides,” Cacdac said in a news conference last Monday.

Cacdac noted that the department faced similar challenges during the implementation of the 20year Employment Permit System (EPS), which is used by the South Korean government to hire factory workers.

DMW also assured it is providing legal aid to the two deserters, who are now under the custody of Busan Immigration for investigation.

To prevent similar incidents, the DMW chief said they will strengthen their orientation to future participants of the program on the implications of violating the Korean immigration laws. DMW will also enhance its screening to make sure only participants, who are adequately prepared will be able to be accepted in the program.

Cacdac also reminded Filipino caregivers to continue fulfilling their obligations contained in their employment contracts and obey the labor laws and regulations of the Korean government so they can avoid possible sanctions.

RARE SIGHT. A modernized karetela plies Honorio Lopez Boulevard in Tondo, Manila. The horse-drawn carriage was a major mode of transportation during the Spanish colonial period but is now mostly a tourist attraction. While outmoded, the karetela still provides livelihood to some. PNA

Groups push to put into action Global Framework on Chemicals

By Jonathan L. Mayuga @jonlmayuga

MARKING the first anniversary of the Global Framework on ChemicalsFor a Planet Free of Harm from Chemical Waste (GFC), environmental health groups called on governments and intergovernmental organizations to hasten the development and implementation guidelines to ensure adequate funding to get the policy framework rolling at all levels.

Adopted after the fifth International Conference on Chemicals Management (ICCM5) in Bonn, Germany, the GFC aims to “to prevent or, where prevention is not feasible, minimize harm from chemicals and waste to protect the environment and human health, including that of vulnerable groups and workers.”

Among 28 targets, the GFC advocates for preventing the illegal trade and traffic of chemicals and waste by 2030, and the phase-out of highly hazardous pesticides in agriculture by 2035. It also calls for transitioning to safer alternatives and sustainable approaches in various sectors, including agriculture, industry, and healthcare, and enhancing transparency of and access to information regarding chemicals in materials and prod -

ucts and their associated risks.

In a joint statement, the EcoWaste Coalition, the International Pollutants Elimination NetworkSoutheast and East Asia (IPENSEA), and Health Care Without Harm-Asia (HCWH-Asia) emphasized the urgency to get the GFC moving amid the pressing triple planetary crisis of climate emergency, nature and biodiversity loss, and pervasive pollution.

While not a legally binding global treaty, the GFC represents a significant consensus among stakeholders—duty-bearers and rights-holders alike—to work together to realize the envisaged “planet free of harm from chemicals and waste for a safe, healthy, and sustainable future.” It is the sole global framework with a mandate to broadly address harm from chemicals and waste, especially for populations in vulnerable conditions.

“While recognizing the efforts of governments and other players in addressing chemical and waste issues, there is no question about the tremendous work needed to accomplish the objectives of the GFC and make the people and the planet safe from the health and ecological hazards caused by

Marcoses beat another forfeiture case in court

hazardous substances and wastes, including waste by-products,” said Aileen Lucero, National Coordinator, EcoWaste Coalition.

“A lot will depend on how the GFC and its targets are actively pursued and supported, hence the need for robust and funded implementation guidelines and plans.”

The group highlighted the need to fulfill the GFC target on chemical information transparency, which states that “by 2035, stakeholders generate data on the production of chemicals, including the use of chemicals in materials and products, in addition to data on emissions and releases of chemicals and waste to the environment, making these data available and publicly accessible.”

“The protection of public health and the attainment of the human right to a clean and healthy environment is at the very heart of the GFC,” said Chinkie Peliño-Golle, Regional Coordinator, IPEN-SEA.

“To make this happen, we call on the international implementing agencies and national governments to fast-track the development of implementation guidelines and plans, mobilize the essential funds, and enhance the capacity of regulatory agencies to carry out the GFC and its targets.”

“Also in line with the human right to know, we call on stakeholders, governments, and industries in particular, to support the development and implementation of the Pollutant Release and Transfer Register (PRTR) policy and the establishment of a PRTR system in each country with commitment from the industry to make it up-to-date, transparent,and publicly accessible. As defined by the UN Institute for Training and Research (UNITAR), “PRTR is an open-access database of releases and transfers of harmful (and potentially harmful) chemicals to the environment,” including “releases to air, water, and land, and waste transported to treatment and disposal sites.”

Dr. Michelle Reyes, Sustainability Officer at HCWH-Asia said: “Currently, the lack of information on chemicals hinders our move to safer alternatives. Transparency in chemical management is not just a regulatory necessity but a moral imperative. Enforcing the Global Minimum Transparency Standard of GMTS enables companies to disclose chemicals in their materials and products, ensuring stakeholders have access to information about toxic ingredients throughout the lifecycle of products. Accountability and knowledge empower action for a safer and healthier planet.”

TBy Joel R. San Juan @jrsanjuan1573

HE Sandiganbayan has junked the P276-million forfeiture case involving alleged ill-gotten wealth filed against the late President Ferdinand Marcos Sr., his widow former First Lady Imelda Marcos and their crony Roman Cruz due to more than 30 years of delay on the part of the government to prosecute the case.

In a 30-page ruling written by Associate Justice Geraldine Faith Econg, the Sandiganbayan’s Second Division granted the motions of the Marcoses seeking the dismissal on the ground of violation of their constitutional right to a speedy disposition of cases.

The Sandiganbayan also noted that the plaintiff Presidential Commission on Good Government (PCGG), represented by the the Office of the Solicitor general (OSG), did not oppose the Marcoses’ motion to dismiss.

“In fact, the plaintiff tends to agree with the dismissal of the case when it emphasized that there are no more allegations against the Estate of Marcos,” the anti-graft court’s decision read.

“Wherefore in view of the foregoing, the Motion to Dismiss filed by defendants Imelda R. Marcos and the Estate of Ferdinand E. Marcos dated July 16, 2024 is hereby granted and the instant case is hereby dismissed as against them,” the Sandigabayan ruled.

The PCGG is seeking the forfeiture of Cruz heirs’ real estate properties including two condominium units in Baguio City, a residential building in Makati, a parcel of land and six condominium units in California, and a residential lot in Manila valued at P276.69 million.

The said properties were reportedly illegally acquired by the Marcoses using Cruz as a dummy.

In her motion to dismiss, Mrs. Marcos noted that the case languished for almost 30 years from the time she submitted her answer to the complaint in 1995 due to the PCGG’s failure to initiate necessary action to prosecute the case.

As a result, the Marcoses’ right to a fair trial had been prejudiced, noting that some witnesses are no longer available because they have either died already and that material evidence can no longer be located or have already disappeared.

The Marcoses camp also cited that the current health condition of Mrs. Marcos has affected her ability to testify in her defense.

Furthermore, the defendants said their right to due process was violated considering the lack of evidence to show that they committed the charges.

“The Court finds merit in the defendants’ argument that their constitutional right to a speedy disposition of case has been violated,” the Sandiganbayan declared.

It noted that based on its scrutiny of the case, “a plethora of motions for extension filed due to unpreparedness or lack of witnesses/documentary evidence, aside from pending incidents, and scheduled pre-trial cancellations” contributed to the delays.

“Clearly there was a violation of the defendants’ right to the speedy disposition of their case since the records show scarcely anything besides the plaintiff’s lack of diligence in handling cases,” the decision read.

“Holding otherwise would be out of consonance with the current legal milieu and a clear show of disrespect to the right of the defendants to the speedy disposition of their case,” it added.

The Sandiganbayan agreed with the defendants that they have already been prejudiced by the inordinate delay in the prosecution of the case.

“They can no longer be afforded a fair trial since the witnesses may have already died and the documentary evidence may no longer be located after more than 30 years from the filing of the complaint,” it declared.

“Considering that the extant living defendant is 95 years old, her ability to testify and recall the events has assuredly declined, as has her health,” it added.

43 cacao, coconut farmers’ groups in Bicol get ₧14.5-M interventions

LEGAZPI CITY–The Department of Agriculture’s regional office in the Bicol Region (DA-5) has started to distribute over P14.5 million worth of agricultural interventions for cacao, coffee, and coconut farmers’ cooperatives and associations (FCAs) in five provinces in the region, an official said Wednesday.

In an interview, Lovella Guarin, DA-5 spokesperson, said the beneficiaries were 43 FCAs with almost 1,500 members of cooperatives from Albay, Camarines Sur, Camarines Norte, Masbate,

and Sorsogon.

“The interventions by the DA through the High-Value Crops Development Program [HVCDP] are under the Coconut Famers and Industry Development Plan (CFIDP). The distribution started for the province of Albay. For the other provinces, it’s ongoing and expected to finish this month,” she said.

Guarin said different interventions would be given to Catanduanes province, which is known for abaca.

“The farmers of Catanduanes

Go tells DOH, PhilHealth to put commitments in writing or else

Ihave already requested interventions that the HVCDP will try to accommodate,” she added.

Guarin said 30 FCAs would receive P10.5 million worth of support for expanding cacao production, and 13 others would receive a total of P4 million worth of support for cacao rehabilitation.

The interventions for cacao production include foliar fertilizer, soil conditioner, organic fertilizer, black net, short pruning shear, long pruning shear, grass cutter, and grafted cacao seedlings.

For cacao rehabilitation, each

association receives a package composed of foliar fertilizer, soil conditioner, short pruning shear, long pruning shear, grass cutter, mini chainsaw, grafting knife, shovel, and bolo.

Mary Grace Rodriguez, OIC Regional Technical Director for Operations and HVCDP focal person, said the program aims to recognize the vital role of the coconut farmers who form the backbone of the agriculture sector.

“The future of the coconut industry is not just about production but sustainable devel -

opment—where CFIDP is crucial with its seven components.

Under the HVCDP, we focus on the community-based farm enterprise development for intercropping coffee and cacao to provide farmers with diversified income sources,” she added.

Rodriguez thanked the local governments, which identified the beneficiaries, and encouraged individual coconut farmers who are not yet members of any FCAs, to organize themselves into associations and be able to receive interventions from the government. PNA

Army, Air Force in territorial defense readiness exercise

THE Army (PA) and the Air Force are engaged in a fiveday interoperability exercise (IOX) that aims to boost the territorial defense capabilities of both armed services.

The IOX, which formally opened on October 7 and will end on the 11th, is ongoing at the headquarters of the Army’s Fifth Infantry “Star” Division at Camp Melchor dela Cruz in Upi, Gamu, Isabela.

“By collaborating and sharing our expertise, we ensure that our troops remain at the forefront of operational readiness, ready to defend our nation and sustain peace,” the Air Force Tactical Operations Wing-Northern Luzon commander, Brig. Gen. Eric A. Gachalian, said.

Some 1,100 Army personnel and 351 airmen are participating in the five-day exercise.

N a public hearing held on Tuesday, October 8, Sen. Christopher Go, chairman of the Senate Committee on Health and vice chairman of the Senate finance committee, moved for the suspension of the deliberations on the proposed budgets of the Department of Health (DOH) as well as Philippine Health Insurance Corporation (PhilHealth) until their obligations and promises intended to benefit poor and indigent patients are fulfilled or formalized through signed commitment letters. Before the Committee on Finance Subcommittee D presided by Sen. Pia Cayetano could approve the proposed 2025 health budget, Go outlined his demands for written commitments from both PhilHealth and the DOH.

He first called for PhilHealth to sign a commitment letter, ensuring they would fulfill

the promises they made during the hearings. Go also demanded that the DOH commit in writing to ensuring the continuous, unhampered operations of Malasakit Centers across the country. These centers, institutionalized through Republic Act 11463 principally authored and sponsored by Go, have provided financial assistance and medical support to more than 15 million Filipinos. He emphasized the importance of maintaining sufficient funding and support for these centers, saying, “I wish to have the Secretary of Health sign a commitment letter and issue a department memorandum before we approve the budget of the

agency stating that DOH shall ensure the sufficient funding and assistance shall be provided to guarantee the continuous and uninterrupted operation of all Malasakit centers nationwide.”

Cayetano highlighted that DOH and PhilHealth must comply with Go’s requests before its budget can be officially submitted for approval.

“Your budget is not officially deemed submitted, but it will be submitted once you comply with Senator Bong Go’s request,” Cayetano emphasized.

F or PhilHealth, Go cited numerous promises made by its President Emmanuel

Ledesma to recommend lowering of premium contributions; increase case rates; expand benefits; provide free medicines and assistive devices such as wheelchairs; cover emergency cases and preventive care; include more dental and optometric services; abolish outdated policies such as the 24 hour confinement requirement and the recently scrapped single period of confinement policy, among others.

F or DOH, Go stressed the need to assure the continuous, uninterrupted and unhampered provision of medical assistance for indigent patients through the established Malasakit Centers nationwide.

The key components of the Third PA-PAF IOX include a command post Exercise-staff exercise (CPXSTAFFEX), subject matter expert exchanges (SMEEs) and field training exercises (FTX) which are geared at enhancing the joint execution of air and ground operations. The exercise also aligns with the Army’s strategic shift to territorial defense operations.

The Army leadership challenged the training participants to test, evaluate, and improve their capability to conduct joint air and ground missions and ensure readiness in territorial defense operations. Rex Anthony Naval

DA issues order scrapping ban on US goats

By Ada Pelonia @adapelonia

THE Department of Agriculture (DA) has lifted the temporary ban it slapped on the importation of live goats from the United States.

Agriculture Secretary Francisco

Tiu Laurel Jr. issued Memorandum Order (MO) 43 which rescinded the temporary import ban he imposed last June due to the detection of Q fever on goats from the US.

Last June, the Bureau of Animal Industry (BAI) announced that it culled over five dozen goats imported from the US after the country’s first confirmed case of Q fever at a government breeding

station in Marinduque.

However, Laurel said in MO 43 that the World Organisation for Animal Health said in a report that there has been no reported or recorded case of Q fever in the US this year.

“So, most likely, the Q fever that we detected came from local sources,” Agriculture Assistant Secretary Arnel de Mesa told reporters in a briefing on Wednesday.

He said the BAI would release the official report regarding the case within the month.

“All possible carriers of Q fever, whether goat or ruminants, have been culled. There is no longer a reported case of Q fever in the country.”

De Mesa noted that the BAI

established stringent measures to ensure the immediate reporting of possible detection.

MO 43 indicated that the stringent measures implemented by the BAI “underscore the commitment of the government in preventing the spread of infectious diseases to both animals and humans to safeguard public health.”

It added that the DA has been strengthening its pre-border measures to ensure that the risk of disease transmission from importation of live animals is negligible.

Earlier, BAI National Veterinary Quarantine Services Division OIC Chief Christian Daquigan said Q fever can be transmitted to humans and other ruminants like sheep, goats, and cattle. It can be spread through urine, feces, and birthing fluids.

Daquigan said Q fever tends to manifest through abortion in pregnant goats and sheep while most often show no signs of the disease.

Despite this, MO 43 said that the Department of Health (DOH) assured the public that while animal-to-human transmission is “rare”, infection could be readily treated with antibiotics locally and widely available.

Q fever is a zoonotic disease caused by Coxiella burnetii , as described by the European Centre for Disease Prevention and Control.

Bayer shares drop after PCB case gets US court review

BAYER AG shares fell after Washington state’s top court said it will review a case alleging that toxic chemicals from the German company’s Monsanto unit caused brain injuries to three teachers.

The court said it accepted the case for review in a filing on its website, while also denying an application for a speedy review.

Bayer shares fell more than 7 percent in Frankfurt on Wednesday morning, the most intraday since March 5. The stock is down almost 20 percent this year.

Monsanto had persuaded an appeals court in Washington state to throw out the $185 million jury award in May, after a three-judge panel found flaws in the 2021 trial over claims that Monsanto’s polychlorinated biphenyls, or PCBs, caused the illnesses to the Seattlearea educators.

The case was the first of more than half a dozen verdicts with combined damages of more than $1.5 billion to reach the appeals court over alleged PCB exposure at the Sky Valley Education Center.

Bayer sees no basis for a different outcome on appeal, it said in

a statement. The company added that the Washington Supreme Court needed to preclude the incorrect application of Missouri law in the litigation and not allow punitive damages. Bayer has filed a motion to pause another upcoming trial pending the Washington top court’s decision.

Monsanto, primarily a manufacturer of seeds and herbicides, also made PCBs, which were banned in the US in 1979 after researchers found they posed health risks. Bayer completed the acquisition of Monsanto in June 2018. The PCB-related litigation is just one of the legal problems related to the Monsanto purchase. High profile lawsuits over whether Monsanto’s Roundup weed killer caused plaintiffs’ cancers has weighed heavily on Bayer’s stock. Bayer’s exposure to the Roundup litigation could exceed the company’s $16 billion reserve by around $1 billion, according to a recent note from Bloomberg Intelligence. The company has around 57,000 cases related to Roundup that haven’t been settled. The company insists that Roundup is safe. Bloomberg News

PHOTO FROM WWW.USDA.GOV

BOC urged to slap SSG duty on ham imports

T“Price-based SSG measure to be imposed shall be on a shipmentby-shipment basis, depending on the difference between the actual [CIF] price at the time of lodgment of import documents and the corresponding trigger price,” the order read.

Under Republic Act 8800

By Ada Pelonia @adapelonia

HE Department of Agriculture (DA) has asked the Bureau of Customs (BOC) to impose special safeguard (SSG) duties on four agricultural products, including imported ham.

Agriculture Secretary Francisco Tiu Laurel Jr. signed Department Order (DO) 20, which sought the imposition of SSG on pork hams, out-quota of roasted coffee varieties other than arabica and robusta, sausages, and preserved chicken meat.

“This is to protect local industries particularly if the CIF [cost, insurance and freight] is too low and import volume is high,” Agriculture Assistant Secretary Arnel de Mesa told reporters in a press briefing on Wednesday.

According to de Mesa, these agricultural commodities were previously not included in the scope of the trade measure.

The SSG is a trade mechanism that a country can impose on imported products that fall below a socalled trigger price. Additional duties are slapped on the commodity to protect domestic output against unfair market price competition.

”Additional duty should be collected for imports of the above-mentioned products if their cost, insurance, and freight (CIF) import prices breach their respective trigger prices,” the order read.

Under DO 20, the trigger price of pork hams is P79.63 per kilo; roasted coffee varieties (other than arabica and robusta), P134.11 per kilo; sausages, P65.03 per kilo; and, preserved chicken meat, P259.22 per kilo.

DAR completes FMR projects in E. Samar

By Jonathan L. Mayuga @jonlmayuga

THE Department of Agrarian Reform (DAR) is set to turn over seven newly completed farm-to-market road (FMR) projects worth P100 million in eight remote villages in Oras, Eastern Samar, following a year of construction.

In a statement, the DAR said representatives from the agency’s Project Management Service (PMS) inspected the roads in preparation for their turnover to the local government unit (LGU).

DAR Provincial Agrarian Reform Program Officer Randy Frogosa, who led the inspection, said the projects span from Barangay San Eduardo to Barangay Nadacpan, and continue through Barangays Saurong, Agsam, Iwayan, Minap-os, Alang-Alang, and Cadi-an.

The 3-kilometer road network, financed through the Agrarian Reform Fund (ARF), was implemented by the Oras LGU.

Frogosa noted the additional “farmers’ access” pathways were built alongside the roads, even though they were not part of the original plan. These additions are expected to prevent road damage from the passage of heavy farm machinery and equipment.

While he was “impressed” with the overall construction, Frogosa pointed out minor defects that need to be addressed before the final payment and official turnover can proceed.

Oras Mayor Roy Ador said the new roads would enhance not only the town’s economic activities but also its peace and order, as the roads pass through villages identified under the End Local Communist Armed Conflict (ELCAC) initiative.

“This project strengthens our capacity to undertake similar infrastructure developments in the future. These roads will also improve the lives of over 10,000 residents, especially in accessing markets and services more efficiently,” Ador said.

Once turned over, the roads are expected to significantly boost local economic activity, improve access to essential services, and ensure safer and faster travel for residents and agrarian reform beneficiaries in the region.

(Safeguard Measures Act), the revenue collected from the safeguard duties would be part of the Competitive Enhancement Measures Fund (CEMF) to promote the competitiveness of industries affected by increased imports.

Government documents showed that the DA received a P250-million

appropriation from CEMF.

Meanwhile, a lawmaker recently said that a total of P8.3 billion in funds from tariffs can be tapped to enhance the competitiveness of local agricultural producers. (See: https://businessmirror.com. ph/2024/09/25/%e2%82%b183b-from-tariffs-seen-to-aid-

farm-production/)

During plenary deliberations at the Lower House on the 2025 budget for the DA, Bagong Henerasyon Partylist Rep. Bernadette Herrera said the balance of the CEMF was around P4.5 billion while the Trade Remedies Fund stood at P3.8

AN employee handles sides of pork on a conveyor at a Smithfield Foods Inc. pork processing facility in Milan, Missouri, United States, on Wednesday, April 12, 2017. DANIEL ACKER/BLOOMBERG

Health& Fitness

Editor: Anne Ruth Dela Cruz

ICanServe Foundation hosts breast cancer survivorship and supportive care workshop

By Candy P. Dalizon | Contributor

CanCer impacts millions of people globally, affecting both adults and children. The journey of survivorship begins at diagnosis and extends throughout life, encompassing both those living with cancer and those in remission. Beyond the patient, cancer also impacts their loved ones, who are also considered survivors.

The Philippines-based advocacy group of breast cancer survivors and volunteers, i c a nServe Foundation ( i c S ), recently held a transformative workshop aimed to equip leaders of breast cancer patient groups and the c ity h e alth Office partners of ic a nServe, with knowledge and skills to improve survivorship and supportive care across the country.

Titled “Leading With c a re: Building a Supportive Future for Breast c a ncerSurvivors,” the two-day event was held at S e D A h ot el, BG c , o n October 4 and 5, 2024. This was the fourth time that ic S c onvened Patient Power Philippines, an informal coalition of breast cancer support groups, as it aims to bring together healthcare professionals, patient advocates, and the government to discuss crucial yet often overlooked topics such as survivorship and supportive care for breast cancer patients.

Virtual presentation

Dr. Don Dizon, a medical oncologist specializing in women’s cancers, delivered a virtual presentation at the event and answered questions from the audience. h e i s the director of

women’s cancers at the Lifespan c a ncer i n stitute and director of medical oncology at r h ode i s land h o spital in the United States. h i s research focuses on innovative treatments and the challenges of survivorship. it ’s important to know that the definition that is most relevant for people who have been diagnosed with cancer, survivorship begins at the point of the initial diagnosis. That is where i consider the journey with cancer to start,” said Dr. Dizon.

“There may be periods where people on those treatments are cancerfree, but that also includes this dynamic state of survivorship. So the inclusion of people within the survivorship realm who have just been diagnosed, who have just received curative treatment, who have relapsed, who have continued on treatment for metastatic disease, all of that is really important because the needs persist and are not limited to solely those who have been cured of their cancers,” he added.

Dr. Dizon discussed the four components of survivorship care which include detection and surveillance of recurrent cancers, new cancers, and

late effects of cancer and its treatment; intervention for the long-term and late effects of cancer and its treatment; prevention of recurrent and new cancers and other late effects, and coordination between providers to ensure that all survivors’ health needs are met.

Bone loss

h e e xplained that late and long-term effects of cancer and its treatment can include accelerated bone loss or osteoporosis, persistent cancer-related fatigue, and brain fog or cognitive difficulties that prevent some from returning to their job.

“There are these late effects that people will need help with far beyond that cancer diagnosis. What can we do to keep people healthy so that they not only survive this cancer, but also survive preventable illnesses like heart disease? And then it’s care coordination,” said Dr. Dizon.

h e e mphasized that care coordination is critical because in the past, some people who have been diagnosed with cancers “tended to fall in the cracks.” They were not getting, for example, screening for secondary cancers. i f s omeone had breast cancer, it was very unlikely she would be referred for a colonoscopy to prevent colon cancer. Some were also less likely to get the flu shot because no one took ownership of that care.

“This tenet indicates that your oncologist needs to talk to a primary care doctor to ensure that services are delivered to people even after they’ve been diagnosed with cancer,” added Dr. Dizon.

New normal

The survivorship term likewise embraces what is called a new normal.

“Life after a cancer diagnosis is forever changed. i t doesn’t mean

it’s worse, but it is different. That process does not happen overnight. i t a ctually takes time. The new normal is something that reveals itself to you over time. And i don’t think we prepare people enough for that, especially if one has a relapse or develops metastatic disease,” said Dr. Dizon.

i n t his new reality, it is crucial to recognize the psychological trauma often experienced by those receiving curative treatment. The end of treatment can be a time of profound reflection and processing. Many people who complete curative therapy may still struggle to understand their diagnosis, the stage of their cancer, the treatment they received, and what the future holds.

A session on mental health was also held featuring Alya h o nasan, a writer, editor, and breast cancer survivor, together with Lia Delgadoi n fante, a licensed psychologist from i nTouch c o mmunity Services who offered guidance on effective self-care strategies, particularly for families navigating the emotional challenges of cancer.

“Mental health is a crucial aspect of the breast cancer journey. Support and coping strategies can significantly improve quality of life,” said Delgadoi n fante.

Day 2 of the event discussed h o spice and Palliative c a re, e x ercise as Medicine, Global Breast c a ncer i n itiative, and “ h o w to institutionalize multidisciplinary survivorship and supportive care in both the public and private sectors.”

The event was organized by ic S in partnership with AstraZeneca, Bio-O nc O, r o che, n o vartis, MSD, h e althway c a ncer c a re h o spital, nut riAsia and the Pharmaceutical and h e althcare Association of the Philippines (Ph A P).

PhilHealth unveils expanded benefits to support Filipinos

Phil h e alth continues to uphold its mission to provide every Filipino with access to quality healthcare services through the ongoing campaign, “Pinalawak at mga Bagong Benepisyo para sa Mamamayan, damang-dama ng bawat Pilipino.” t h is effort, aligned with President Ferdinand “Bongbong” R. Marcos, Jr.’s vision, represents a significant commitment to strengthening the country’s healthcare system.

t h rough the program, Phil h e alth aims to ensure that all Filipinos, regardless of social status, can access life-saving medical treatments without being financially overwhelmed. “ i t o ang mensahe ng Phil h ealth sa ating mga kababayan, huwag po kayong matakot sa gastos sa pagkakasakit, sagot kayo ng Phil h e alth! [ t h is is the message of Phil h ealth to the Filipino people. Do not be afraid of the cost to be incurred when you are ill; Phil h e alth will help you.]”, emphasized the state health insurer’s President and C e O e mmanuel R. l e desma, Jr. during an event on October 7, 2024.

l e desma said the agency has focused on identifying and expanding coverage for the top 10 most burdensome diseases in the Philippines, such as pneumonia, severe dengue, stroke, chronic kidney disease, and various cancers. to d ate, 60 percent of these conditions are now covered by the expanded healthcare financial benefits.

Higher case rates a s a result, higher case rates for pneumonia, asthma, stroke, neonatal sepsis, and hemodialysis are already benefiting members. By 2025, Phil h e alth will also roll out enhanced coverage for lung, liver, ovary and prostate cancer patients, particularly those undergoing chemotherapy. t h e increased financial support for catastrophic illnesses is a critical element of Phil h eal th’s Universal h eal th Care (U h C ) mandate. t h is move aims to protect families from falling into poverty due to medical expenses.

Phil h eal th also takes pride in being the first in the a sia -Pacific region to offer

an outpatient therapeutic care package for s e vere a c ute Malnutrition. l a unched on October 1, this benefit package is geared toward alleviating malnutrition among children, thereby reducing the financial strain on families facing this challenge.

Further enhancing its patient-centered approach, Phil h ealth announced the lifting of the s ing le Period of Confinement (s P C) rule, ensuring that members requiring extended care are not forced to shoulder additional expenses. t he benefits for hemodialysis will again increase by 59 percent, providing nearly P1 million in coverage annually for affected members.

i n addition to these expanded benefits, Phil h ealth is embracing digital technology to improve service delivery. Partnerships with the Department of i nformation and Communications te chnology (D i C t ), Department of h e alth (DO h), and the Philippine st atistics a u thority (P s a) ai m to streamline services, ensuring that even Filipinos in remote areas can easily access

Unibank, i nc. (BDO) provided f inancial support

Phil h ealth’s services and benefits.

Free consultations

“ K O n s U lta ,” Phil h eal th’s primary care benefit package, will also be enhanced, offering free consultations, diagnostic tests, and essential medicines as will be prescribed by their Konsulta providers to promote the well-being of Filipinos before they even get sick.

Philh eal th calls upon healthcare providers, local government units, and media partners to work together to ensure that every Filipino feels secure in seeking medical help.

a s P hil h e alth expands its coverage to better serve the needs of our citizens, President l e desma appeals to hospitals and healthcare providers to support Philh ealth’s efforts in reducing out-of-pocket expenses of patients.

“Our goal is for every Filipino to genuinely experience and appreciate the benefits program. to gether, the nation can build a healthier, more resilient Philippines,” l e desma concluded.

Makati City residents, employees receive monitoring kits for diabetes, hypertension

By Claudeth Mocon-Ciriaco

Since a significant part of the city’s comprehensive health strategy is aimed at combating lifestyle diseases and enhancing the quality of life for its residents, the Makati c ity government has started distributing specialized monitoring kits for diabetes and hypertension to residents and city employees.

“By providing these monitoring kits, we are not just equipping our citizens with tools; we are empowering them to take control of their health before they face critical health issues,” Makati c i ty Mayor Abigail Binay said.

Binay said that regular monitoring can significantly reduce the risks of complications such as heart disease, stroke, and kidney failure.

The mayor said that based on the data from the city’s free medicine program, maintenance medicines for hypertension and diabetes top the list of medications dispensed to Yellow c a rd holders and dependents.

Monitoring diary

The h y pertension Kit includes an

Adult Aneroid Sphygmomanometer with a stethoscope, an nc D (noncommunicable disease) booklet with a monitoring diary, dietary guidelines, and an exercise plan, an embossed emergency contact tag designed as a bracelet, and a transparent storage bag.

The Diabetes Kit, on the other hand, contains a glucometer with 25 strips and lancets, a pack of 15 cotton balls, an embossed emergency contact tag bracelet, an nc D b ooklet tailored for diabetes management, a transparent bag for organized storage, and a sharps collector for safe disposal.

To date, the Makati h e alth Department has dispensed a total of 969 hypertension kits and 1,006 diabetes kits.

Binay added that beyond providing monitoring kits, the city also conducts regular health education sessions, community support, and direct access to specialized medical advice and periodic screenings. She said these benefits are designed to foster a proactive approach to health management, encouraging residents to maintain their health and prevent disease progression.

aDVanCeD sURGiCal aPPROaCh saVes Patient With Giant BRain aneURysM at MaKatiMeD

MAKAT i M edical c e nter’s team of expert neurosurgeons successfully treated a 60-year-old female with a giant left internal carotid artery (L i c A ) brain aneurysm using multimodality neurosurgical techniques.

First diagnosed 13 years ago, the aneurysm had grown significantly, leading to the patient’s left eye to protrude and limit its ocular movement.

Despite initial treatment attempts at another institution, the aneurysm remained unresolved.

The patient sought the expertise of Dr. Michael n . S abalzawho collaborated with a team of highly specialized neurosurgeons, including Dr. Guillermo Victorino T. Liabres, a cerebrovascular neurosurgeon, and Dr. c a rlos Francis A. Santiago, an endovascular neurosurgeon.

Dr. Santiago first conducted a cere -

With financial backing from BDO, t M C was able to expand its network, now operating four hospitals across various provinces in addition to its flagship hospital in Pasig City. t h is growth includes 60 stand-alone clinics throughout Metro Manila, l u zon, and Visayas, along with a hospital in Guam. From serving 500,000 outpatients annually at its flagship hospital, t M C has

bral angiography to thoroughly assess the aneurysm. Dr. Liabres then performed a double-barrel left superficial temporal artery to middle cerebral artery bypass to ensure adequate blood flow to the brain. Following this, Dr. Santiago executed coil trapping of the aneurysm and safely removed the affected segment of the L i c A This complex case highlights the advanced neurosurgical expertise at MakatiMed, as the team was able to utilize a combination of surgical and endovascular approaches to successfully treat a life-threatening condition. For inquiries, you may contact the Section of n eurosurgery, Department of ne urosciences through MakatiMed On- c a ll at +632.88888 999, email mmc@makatimed.net.ph, or visit www.makatimed.net.ph. Follow @ i a mMakatiMed on Facebook, i n stagram, TikTok and X.

Imports to ease pressure on ginger prices–DA

TBy Ada Pelonia @adapelonia

HE arrival of imports would ease the pressure on the retail prices of ginger which surged to P300 per kilo in some Metro Manila markets, according to the Department of Agriculture (DA).

Agriculture Assistant Secretary Arnel de Mesa issued the statement after DA’s latest price watch report showed that the prevailing prices of ginger in selected Metro Manila markets doubled to P300 per kilo, from an average of P145 per kilo recorded on October 9, 2023.

“We expect prices of ginger to fall as imports are now in the country,” de Mesa told reporters in a press briefing on Wednesday, adding that the average price of ginger should be at P80 per kilo.

According to the DA official, 4,248 metric tons (MT) of imported ginger from China have arrived in the country.

De Mesa also said the Bureau of Plant Industry (BPI) recently issued sanitary and phytosanitary import clearances (SPSICs) for gin -

ger from Vietnam and Indonesia, which were allocated 50 MT each.

Figures from the BPI showed that ginger imports that entered the country last year reached 143.75 MT.

De Mesa attributed the recent surge in shipments to the rising demand from industrial users who use the crop for making herbal and turmeric teas, which are regarded as a remedy for coughs and colds.

‘Expand production areas’ EARLIER , the DA said it is pushing for the expansion of areas planted with ginger to meet the rising demand of food manufacturers for the crop. (See: https://businessmirror.com.ph/2024/06/12/ government-sets-sights-onexpanding-ginger-productionareas/)

Citing official government data, Agriculture Undersecretary Cheryl Marie Natividad-Caballero noted the fluctuation in production and harvest area since 2010.

Caballero said, however, that there were “significant increases” in areas planted with ginger in 2023, when it jumped to 4,816.26 hectares (ha), from 4,057.30 hectares ha in 2022.

“Our ginger production areas are increasing, and we want to maintain it. We will also source out quality planting materials for distribution and production expansion to encourage local production and make farmers more competitive,” she told the BusinessMirror via SMS.

The DA official said ginger yield declined to 6.1 MT per ha in 2023,

from 7.1 MT/ha in 2022.

Despite this, the expansion in hectarage allowed the Philippines to post a slight increase in output last year. In 2023, estimated ginger production was pegged at nearly 29,380 MT, almost 2 percent higher than the 28,806.83 MT recorded in 2022.

When asked about the ideal ginger yield that would meet domestic requirements, Caballero said, “the higher, the better.”

“It will now be determined by the farmers’ willingness to invest in the right production technology. The High Value Crops [HVC] Development Program can only push for better access to production financing and loans, over and above our limited budget space and meager allocation for HVC.”

Cocoa

futures climb on signs global supplies still tight

COCOA futures rebounded in New York amid lingering concerns about tight global supplies.

Despite prices being roughly 40 percent below a record high set in April, there are signs that beans remain scarce. Exchange-monitored stockpiles in the US have extended declines to the lowest since early 2009, while deliveries to ports for shipment from top grower Ivory Coast in the first week of the new season lagged a year earlier.

Futures climbed as much as 4.7 percent in New York, after dropping on Monday to near the lowest in a month. Prices slumped 15 percent last week as the European Union’s move to postpone a landmark deforestation law eased supply concerns.

Deliveries may pick up in the coming weeks as the so-called main crop is collected, with the harvest expected to improve this season following better growing conditions. Still, growers remain at the mercy of the weather and supplies in the spot market remain tight after the biggest deficit in decades.

“West Africa is expected to see continued periods of rain for the next 10 days, which could keep conditions wet and raise concerns about disease,” analysts at ADM Investor Services said in a Tuesday report.

The current market tightness is expected to persist for more than six months as the anticipated surplus this season won’t be enough to replenish depleted stocks, according to Paul Davis, head of cocoa at trader Sucres et Denrees SA and the president of the European Cocoa Association.

“The cocoa market balance sheet is the tightest it’s been in 50 years. That’s not likely to get resolved,” he said in an interview last week. “It would not be wise for the market to be complacent.” Bloomberg News

AS AGENCY MARKS 30TH ANNIVERSARY

Govt leaders hail Koica’s cooperation with PHL

THE Korea International Cooperation Agency (Koica) in the Philippines recently marked its 30th year of transformative development cooperation in the country, with renewed commitment to advance global partnerships.

Koica Phils. showcased remarkable achievements on its 30th Anniversary Celebration program on September 26. To highlight the significant impact of its projects in the country, the agency invited some of its highly respected partners and shared with attendees the notable outcomes of its funded projects. The partners relayed achievements of their cooperation with Koica: (a) “Accelerating the Reduction of Adolescent Pregnancy in Southern Leyte and Samar in the Philippines” project, in partnership with United Nations Population Fund; (b) “Eko-Ikot Sustainable Cities,” as part of the “Enhancement of Marine Litter Management in Manila Bay” project in close collaboration with the Communities Organized for Resource Allocation; and (c) “Enhancing Local Capability to Design, Develop, and Manufacture Agricultural Machineries to Accelerate the Mechanization of Philippine Agriculture,” which is currently implemented with support from the Philippine Center for Postharvest

Development and Mechanization.

The gathering also provided a platform to acknowledge and honor the vital contributions of development partners who have played a crucial role in Koica’s success. Key collaborators such as Philippine government agencies and global development organizations were awarded plaques and certificates of appreciation.

“Today’s celebration is even more special because of the 75 years of shared [histories and solidarity between our nations],” Amb. Lee Sanghwa of the Republic of Korea (South Korea) said in his address. “Since Koica opened… in the Philippines in 1994, it has made a real difference for the betterment of Filipino communities.”

For Country Director Kim Eunsub, Koica’s successes are not of the agency alone: “They are a testament to the power of partnership and the unwavering commitment of our colleagues, local communities, and many organizations that have worked alongside us.”

In a statement, Koica Phils. said that it currently and continuously endeavors promoting its Country Plan programs: inclusive and sustainable rural development, multisectoral convergence to strengthen urban resilience, health promotion through a life-cycle approach, and the establishment of a transparent, accountable, and inclusive governance. Through Koica, South Korea and the Philippines are working closely to foster mutual prosperity and advance global progress.

In a video message, Secretary of Foreign Affairs Enrique A.

Manalo testified that “Koica has played a crucial role in further enhancing the already strong bond between the Philippines and the Republic of Korea. We look forward to continuing this fruitful and collaborative working relationship with Koica.”

Also in a recording, Socioeconomic Planning Secretary Arsenio M. Balisacan attested that the agency has been instrumental in advancing the country’s key sectors: “With Koica and the Philippine government’s dedication to building a prosperous, inclusive, and resilient society for all Filipinos, we are certain that we will achieve even greater milestones and effectively address the challenges of today and tomorrow.”

For his part, Education Secretary Juan Edgardo Angara congratulated the agency on its journey in the Philippines as a shining example of dedication to making a real difference: “From education to health, from environmental stewardship to disaster response, Koica has consistently been at the forefront [of] driving progress and providing sustainable solutions for many Filipinos.”

Meanwhile, United Nations resident coordinator Gustavo Gonzalez remarked that Koica is a strong supporter of UN Sustainable Development Goals: “The UN Country Team is proud of [its] work with Koica, and is ready to support the implementation of the pact of the future in the Philippines.”

Gov. Dakila Carlo E. Cua of Quirino stated that the agency’s projects conducted in his province made forests greener, watersheds healthier,

Japan facilitates MOU with UNDP & Comelec

AMB. Kazuya Endo witnessed on September 20 the signing of a memorandum of understanding (MOU) between the United Nations Development Programme (UNDP) and the Commission on Elections (Comelec), in connection with the “Project for Raising Voters’ Awareness and Promoting Digitalization of Electoral Process in Bangsamoro” funded by the government of Japan.

UNDP’s resident representative signed the MOU at the commission’s office in Intramuros, City of Manila.

As the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) prepares for its first parliamentary election in 2025, the Japanese government said it fully supports Comelec’s efforts in partnership with the UNDP in delivering accurate information, encouraging voters’ active participation, and build-

ing trust in the electoral process through effective communication and transparency.

The UNDP-COMELEC collaboration is expected to bring about greater voter education based on BARMM’s contexts and digitalize key election-management processes that will advance the project’s goals of increased participation by informed citizens— particularly women and vulnerable groups in last-mile areas, and digitalization for electoral reform and inclusive political participation.

Japan has been a steadfast supporter of the peace process in Mindanao and, keeping in mind how every vote contributes to the decisions that affect the community, the nation, and generations to come, Endo expressed his sincere wish for the UNDP and COMELEC to have “success in realizing an effective electoral process in… BARMM.”

constituents much happier, and “our dream of sustainability now a reality. Koica taught us the virtues of saemaul undong, which are diligence, self-help, and cooperation in rural development [as well as] in empowering our communities.”

3 decades of cooperation

OVER the past 30 years, Koica has built and strengthened partnerships with various government agencies, international organizations, private entities, and civilsociety organizations in pursuit of successfully implementing programs, projects, and activities in the Philippines. Through these strategic partnerships, community engagement, and innovative solutions, the agency has made significant strides in improving the lives of the Filipino people and creating positive change in the country. According to its release, Koica is the leading development cooperation agency of South Korea established in 1991. It is tasked to maximize grant-aid programs for developing countries by implementing technical cooperation programs. In the same year, the agency’s journey began in the Philippines through the invitation of Filipino government officials to participate in training programs held in Korea.

Recognizing the potential for deeper collaboration, Koica instituted its Philippine Office in 1994. This established a direct channel to implement and manage Korea’s official development assistance (ODA) grants and technical cooperation programs tailored to the specific

needs of the country.

Since its founding, Koica has been implementing its operation in the Philippines worth more than $409 million through development projects, development consulting, capacity-building programs, scholarships, disaster relief, civil-society and private-sector cooperation projects, as well as dispatch of volunteers, among others. The Philippines is its second-largest partnercountry globally in terms of ODA grants after Vietnam.

Koica’s Country Plan for the Philippines outlines its strategic objective to strengthen national competitiveness, and to reduce income inequality to sustain economic growth. The agency has been supporting the country for the past three decades in its efforts to achieve sustainable development. In that time, the linkage has yielded numerous achievements in critical areas such as rural development, urban resilience, health care, as well as inclusive and transparent governance.

More than 3,800 Filipino government officials, policy-makers, public servants, and experts have also gained personal growth and professional development through its “Capacity Improvement & Advancement for Tomorrow” program, which includes technical training programs, as well as scholarship programs for Master’s and Doctorate degrees, among others, which aims to provide capacitystrengthening and training in various expertise, focusing on South Korea’s development experience and technology.

US ships P11.6 M+ worth of tools to boost Cagayan’s capacity for disaster response BCCP lauds Anti-Agricultural

THE British Chamber of Commerce Philippines (BCCP) has welcomed its passage into law of the “Anti-Agricultural Economic Sabotage Act,” on September 26, being one of the legislation’s staunch advocates.

BCCP executive director-trustee

Chris Nelson noted that the measure will safeguard consumers, local producers, and legitimate importers that will help establish a more competitive agricultural sector.

Economic Sabotage Act signing

THE United States Agency for International Development (USAID) handed over a mobile storage unit and mobile energy systems worth more than P11.6 million ($208,000) to boost Cagayan Province’s disaster risk-reduction capacity.

help reduce disaster risks by improving irrigation canals, water systems, and water-harvesting facilities; set up community flood-control dikes; introduce climate-resilient crops; build community evacuation centers; and provide cash-for-work training so communities can bounce back from natural disasters.

During its ceremonial signing, Pres. Ferdinand R. Marcos Jr. said that “the passage of the… act will set in motion transformative outcomes. It is a proactive measure to prevent the entry of smuggled agricultural products, ensuring that the correct duties and taxes are paid while imposing higher penalties on violators.”

apprehension of criminals.

The administration has set the measure as a priority and recognizes the agriculture sector’s drive to the economy, classifying smuggling, hoarding, profiteering, and cartels as economic sabotage with non-bailable offense punishable by life imprisonment. The measure also mandates the creation of the “Anti-Agricultural Economic Sabotage Council,” which is headed by the Chief Executive, along with the secretaries of Finance, Transportation, Trade and Industry, Interior and Local Government, Justice, and other key officials from concerned agencies. Meanwhile, the Anti-Agricultural Economic Sabotage Enforcement Group will handle the operations and

BCCP believes that the law will also assist in managing inflationary pressures and ensuring food supply amid challenges brought by the El Niño and La Niña phenomena. It has also worked closely with the Department of Agriculture and the United Kingdom’s Agriculture and Horticulture Development Board (AHDB) to help with food security and inflation through British pork exports to the Philippines.

AHDB has also reported a 26-percent increase in UK pork exports volume from January to July 2024. As noted by Head of International Trade Development Jonathan Eckley, “the Philippines is an important and growing market for UK pork exporters… We look forward to continuing work-

ing collaboratively with [industries and the] government to develop these important business relationships and build on the UK pork sector’s positive momentum in the country.”

Agriculture chief Francisco Tiu Laurel Jr., represented by Undersecretary for Livestock Deogracias Victor Savellano, noted in a briefing hosted by the British Chamber and AHDB that “by strengthening the trade relations with the UK, we can enhance [the quality and variety of meat products available to the Filipino consumers. These,] in turn, support our local farmers and producers by integrating them into a broader, more dynamic market… Together, we can achieve great strides in ensuring food security, easing inflation, and fostering economic growth.”

USAID mission director Ryan Washburn turned over a mobile storage unit that can store 50,000 food packs to Provincial Administrator Atty. Maria Rosario Mamba-Villaflor on September 9 and 10. The unit will allow the provincial government to store food and non-food items so it can rapidly deliver life-saving assistance in the immediate aftermath of disasters.

“For many years, USAID has dispatched teams to Cagayan and other provinces in Northern Luzon to [aid] local government units in providing life-saving assistance during calamities,” said Washburn. “As your friend, partner, and ally the US government remains committed to strengthening our partnerships and working with the Philippine government to rebuild and restore lives following disasters.”

During the turnover, USAID also formalized a partnership with Cagayan and the World Food Programme to strengthen the province’s emergencyresponse efforts through the “Preparedness and Response Excellence in the Philippines” project, or “PREP.” According to the US Embassy, it will

USAID also handed over mobile energy systems to the municipalities of Lal-Lo and Santa Ana, which will provide clean and reliable power to support relief operations and essential services in the wake of disasters, as well as help restart the power grid. Being mobile, the systems can be deployed anywhere they are needed, particularly in remote and off-grid areas. Unlike traditional generator sets, they only require sunlight to recharge.

While in Northern Luzon, Washburn also discussed USAID’s work to support Tuguegarao City’s solidwaste management system, spoke about programs in the region, and visited the Municipality of Santa Teresita to see the Emergency Operations Center that the agency helped construct more than a decade ago.

Since 2010, the US government, via USAID, has provided around P19.6 billion, or about $344 million, in disaster-relief and recovery aid, as well as boosted disaster risk-reduction capacities of more than 100 cities and municipalities nationwide.

MISSION director Ryan Washburn and provincial administrator Atty. Maria Rosario MambaVillaflor (center) with provincial government staff

DR. Selva Ramachandran (second from left, onward), Amb. Kazuya Endo and Comelec chair Atty. George Erwin Garcia

DOE sets stricter rules for RE developers

By Lenie Lectura @llectura

THE Department of Energy (DOE) will release more stringent rules for renewable energy (RE) developers as it reported on Wednesday that it is in the process of terminating 21 service contracts awarded to Solar Philippines.

DOE Undersecretary Rowena Guevara told Senator Jinggoy Estrada during a Senate budget hearing that a total of 42 service contracts were awarded to Solar Philippines the past several years. Eight solar projects have already reached commercial operation. She also said that there are “six solar and one wind projects” that are part of the DOE’s awards in the green energy auction.

However, Guevara said 21 solar projects of Solar Philippines are for up for termination because the projects are not moving based on the work program, and the service contracts of five of those projects were already surrendered to the department.

“Twenty one of the contracts are already being processed for termination because they are not able to deliver the scheduled targets of the work program,” she said.

Estrada noted that Solar Philippines has committed to deliver around 10,000 megawatts (MW) of solar power capacity, but “only 2 percent has been completed,” while “a vast majority” of the committed projects are “not yet in the development stage.”

Guevara explained that many solar power developers mostly cite land acquisition as the reason for the slow-paced develop -

PCC accepts ₧1.5-M settlement proposal from PALSCON

THE Philippine Competition Commission (PCC) has accepted a P1.5-million settlement proposal offered by the Philippine Association of Legitimate Service Contractors (PALSCON) to address potential anti-competitive agreements in the organization.

Following an investigation on the association by the PCC Enforcement Office for suspected violations of Section 14 (b)(2) of the Philippine Competition Act (PCA), PALSCON opted to submit an undertaking to the Commission to correct its behavior.

Under such provision, the PCA prohibits agreements among competitors that aim to limit competition, such as dividing the market based on sales, territory, product or service type, or other factors.

In a statement on Wednesday, the country’s antitrust authority noted that PALSCON’s Code of Ethics contained provisions which had the effect of “limiting” the competition among its members.

PCC said in 2021, during the PCC Enforcement Office’s full administrative investigation, PALSCON requested to engage in settlement discussions pursuant to Section 2.17 of the PCC Rules of Procedure.

According to PCC, the Rules allow entities under investigation to offer a settlement to the Commission at any time during the investigation, but before the final decision is made.

After a series of negotiations, PALSCON submitted a Complete Revised Settlement Proposal on July 14,2023, which the Commission approved on October 5,2023.

The antitrust authority said PALSCON committed to a series of undertakings to address PCC’s concerns.

Among the remedies done by PALSCON is the payment of settlement amounting to P1,547,079.60.

PALSCON’s board of directors and at least two senior officers of each PALSCON member also attended a competition law seminar organized by PCC. PCC noted PALSCON also appointed a competition law compliance officer who will ensure compliance of PALSCON members with the PCA, PCC issuances, as well as attendance to competition law seminars by identified PALSCON officers. Moreover, PALSCON issued an acknowledgement recognizing the association’s “inadvertent” mistake or failure to properly communicate to its members the meaning of Article II, Section 3 of PALSCON’s Code of Ethics, which PCC said shall be published on PALSCON’s website for two (2) years.

The association also revised its Code of Ethics, particularly Article II, Section 3 which states: “PALSCON shall not support, tolerate, or condone anticompetitive practices between and among its members, as well as agreements, conduct, policies or regulations which are anti-competitive in nature.”

For his part, PALSCON national president Armando L. Gutierrez Jr. said this settlement “marks a crucial step towards fostering a more competitive and transparent environment within the industry.”

Through the lens of the country’s antitrust authority, PCC Chairperson Michael G. Aguinaldo shared the same view, underscoring that by addressing unfair practices, this settlement forms part of the Commission’s “holistic” approach towards building a culture of competition in the country.

“We hope that eventually, associations and business groups become more wary of how their guiding principles create advantages or disadvantages that affect the level playing field,” Aguinaldo said.

The Commission also noted it encourages voluntary compliance with the PCA and other competition laws by making available to the parties “nonadversarial remedies” provided under Section 37 of the PCA. Section 37 of PCA entitled “Non-Adversarial Remedies” indicates that these remedies should be made available to the parties concerned before the institution of administrative, civil or criminal action.

Based on its website, PALSCON is an association of local service contractors organized to further the cause of the government and labor sectors by providing employment via subcontracting activities geared towards the upliftment of labor standards of the country. Andrea E. San Juan

ment. Senators learned that in the past administration, full “possessory rights” for the land to be developed for solar projects—which require huge tracts of land—were not required before proponent gets awarded a service contract. However, officials said the government’s recourse in cases where a service con -

tract holder brings development at a very slow pace is to cancel and take the performance bond. Besides Estrada, Sen. Pia Cayetano who heads the Energy committee, and Sen. Sherwin Gatchalian also expressed concern over the pace of RE development, saying such delays bear a cost to

government.

For the succeeding green energy auction rounds, Guevara said the agency will issue a new set of terms of reference that will include the performance of the RE developer as a parameter in evaluating the bids. “We are going to be issuing the terms of reference soon.

The performance or non-performance of projects will be included,” she said. The GEA program was designed to trigger the expansion of the country’s renewable energy (RE) capacity to support the government’s target of 35 percent RE share in the energy mix by 2030 and 50 percent by 2040.

DOLE sees job surge as holiday season heats up

By Justine Xyrah Garcia

THE Department of Labor and Employment (DOLE) is forecasting a surge in job opportunities as the holiday season kicks into gear.

The “Ber” months, characterized by incrased consumer spending, are expected to drive hiring activity across various sectors.

DOLE Secretary Bienvenido Laguesma noted that businesses, particularly in retail, hospitality, and other service-oriented industries, are preparing to meet the anticipated rise in demand. This seasonal uptick is likely to result in a temporary increase in employment, both full-time and part-time.

“As the upcoming holiday season often creates more available

job opportunities, especially in the services sector, we anticipate sustained growth in keeping with our end-of-plan targets,” Laguesma said in a statement.

This anticipated growth builds on the “positive employment gains” reported in the August 2024 labor force survey.

According to the Philippine Statistics Authority, employment rose by 1.08 million year on year, bringing the total number of employed Filipinos to 49.15 million.

The labor force participation rate also increased, with 932,000

more individuals joining the workforce compared to the same period last year.

Retail, accommodation, food services, and transportation and storage were identified as the key drivers of this labor participation surge.

Unemployment also dropped by 149,000 year on year, with the jobless rate declining to 2.07 million. Meanwhile underemployment—though still a challenge—saw a year-on-year reduction of 149,000, bringing the figure to 5.48 million.

The holiday season, with its surge in demand, is expected to further bolster these numbers.

“[The department] will remain steadfast in its commitment and mandate to protecting workers rights, providing support to business growth and fostering a vibrant labor market towards the realization of a Bagong Pilipinas for the benefit of the Filipino people,” Laguesma said.

₧18.8-B calamity funds released

By Reine Juvierre Alberto @reine_alberto

THE government has released P18.814 billion in c alamity funds as of endSeptember 2024 as aid and relief to communities and to repair infrastructure destroyed by disasters.

B ased on the latest status of the National Disaster Risk Reduction and Management Fund ( NDRRMF), the Department of Budget and Management (DBM) has disbursed a total of P18.814 billion from January to September this year.

T he bulk, or 97.24 percent of the funds, were allotted to national government agencies amounting to P18.294 billion, while government-owned and -controlled c orporations (GOCCs) received the remaining P520.135 million during the nine-month period.

For the month of September 2024, P2.150 billion was released to the Department of Public Works and Highways (DPWH), Department of Social Welfare and

Development (DWSD) and Local Water Utilities Administration (LWUA).

Particularly, the DPWH obtained P1 billion to replenish its Q uick Response Fund (QRF). This is the fourth time the DPWH was given P1 billion to cover the funding requirements for the replenishment of its QRF.

T he DSWD was also granted P875 million to cover the replenishment of its QRF for the year. All of t he calamity funds released to DSWD amounting to P9.629 billion were used to top up its QRF.

Q RF are built-in budgetary allocations or stand-by funds for a gencies to immediately assist areas affected by catastrophes and crises. When agencies’ QRFs are depleted, they may request for replenishment to the DBM and to be approved by the Office of the President.

Meanwhile, the DPWH was also allocated P255.266 million to support the emergency repair and restoration of infrastructure in the Province of Ilocos Sur damaged by Tropical Cyclones “Egay”

DA blacklists 3 food importers, suspends licenses of 5 others

HE Department of Agricul -

Tture (DA) has blacklisted three agricultural food importers due to illegal trade activities.

According to DA, the Bureau of Plant Industry (BPI) blacklisted LVM Grains Enterprises, which imported milled rice, cashew nuts, and coffee without the necessary sanitary and phytosanitary import clearances (SPSICs).

The BPI also placed Kysse Lishh Consumer Goods Trading and Golden Rays Consumer Goods Trading on its blacklist due to their respective importation of onions and oranges without SPIC permits and import licenses.

“We will not turn a blind eye to these importers’ illegal practices that undermine government revenues and put public health at risk.

To do so would be to abdicate our sworn duty to protect our farmers and the Filipino consumers,” Agriculture Secretary Francisco Tiu Laurel Jr. said in a statement. The DA said the Philippine Competition Commission (PCC) is leading the prosecution of the three companies accused of engaging in anti-competitive trade activities.

Meanwhile, the DA said the import licenses of five other firms have been suspended for revocation due to misdeclarations, illegal importation, and anti-competitive trade practices.

a nd “Falcon” in 2023. As budgetary support to government corporations, the LWUA received P20.198 million to repair and rehabilitate water facilities in three water districts in Region II damaged by Super Typhoon “Egay” in 2023.

Calamity funds allocated in the FY 2024 General Appropriations Act (GAA) may only be tapped after the damage assessment and recommendations of the National Disaster Risk Reduction and Management Council (NDRRMC) have b een completed, followed by the President’s approval. Of the P22.736-billion calamity fund allocation for the year, P 3.921 billion remains available for government agencies and state-run corporations. The funds may be used to provide aid, relief and rehabilitation s ervices to affected communities, as well as for repairing, rehabilitating and reconstructing infrastructure in the aftermath of n atural or human-induced disasters that occur within the current y ear or the two preceding years.

“We will withhold the identities of these five importers because the cases we filed against them are still pending. Until their cases are resolved, however, they cannot transact with BPI,” BPI director Gerald Glenn Panganiban said in a statement.

President Ferdinand Marcos Jr. recently signed into law the AntiAgricultural Economic Sabotage Act which classifies smuggling, hoarding, and cartel operations involving agricultural products as economic sabotage.

In his speech during the signing ceremony held in Malacañang, the chief executive said the new law will help in the government crackdown against the cartels behind price and supply manipulation for agricultural products.

“By eliminating smuggling, hoarding, profiteering, and other cartel activities, we are not only shielding our local producers but also providing consumers with affordable agricultural and fishery products,” Marcos said. According to DA, the law denotes stiffer fines and longer jail terms for those who violate the law. It considers smuggling and hoarding of agricultural products as economic sabotage when the value of goods exceeds P10 million. Ada Pelonia

43k aspirants file intent for next year’s polls–Comelec

By Justine Xyrah Garcia

WITH the 2025 midterm elections approaching, a huge wave of political hopefuls is gearing up to secure a spot.

The Commission on Elections announced on Wednesday that 43,033 aspirants have filed their intent to run for public office following the conclusion of the nationwide filing period for certificates of candidacy (COC) and certificates of nomination and acceptance (CONA). Based on the poll body’s tally, 78.20 percent or 33,652 of the political aspirants were male, while 21.8 percent or 9,381 were female.

This year’s filing marked a significant increase in the number of filers for the senatorial position, or 183 compared to the 153 senatorial aspirants in 2019.

In the party-list system, 190 groups and their respective nominees filed their COCs and CONAs, though only 160 were accredited to run.

“Perhaps many indeed want to serve

our countrymen. Because there are many returning senators, for example, and incumbents who are subject to reelection,” Comelec Chairman George Garcia said in a press briefing, speaking partly in Filipino. By the end of October, the poll body will release the list of candidates who will be barred from running in next year’s polls due to their perpetual disqualification from holding public office, Garcia said. Meanwhile, all cases of nuisance candidates are expected to be resolved at the Comelec en banc level by the end of November.

Re-defining nuisance

Dur I NG t he eight-day filing period, several political aspirants voiced their frustration to the Comelec.

Many of them had tried running mul -

tiple times but were always declared as nuisance candidates simply because they are poor or not from prominent families.

u nder the Omnibus Election Code, a nuisance candidate is someone who files a certificate of candidacy with the intent to mock the election process, cause confusion, or who has no genuine intention to run and campaign seriously.

For many aspirants, this label unfairly targets those without resources or status.

But this year may be different. According to Garcia, the commission will venture into “other modes” of disqualifying certain aspirants.

“That’s not an indication of a nuisance candidate. To me, it’s really more of your seriousness to serve and hold public office,”

Garcia said.

“I personally do not believe that we must disqualify people based on poverty,” he added.

Local situation

D E s P ITE t he “overall peacefulness” of the filing of candidacy for the 2025 polls, the Comelec reported two separate untoward incidents in the provinces of Maguindanao del s u r and Negros Oriental.

Garcia told the media that five were injured in an encounter outside the local Comelec compound in s h ariff Aguak. Despite online reports suggesting a fatality, the poll

chief confirmed that there were no casualties.

“There was shooting but outside the compound. Not inside the venue of the filing,” he explained.

According to the poll chief, an aspirant with an active warrant of arrest was about to file his COC for a local position in the municipality. However, instead of filing a COC, he brought an unfilled CONA form.

This led his supporters to mistakenly believe that he was being barred from running, which triggered the exchange of gunfire.

Meanwhile, in Negros Oriental, a COCsnatching incident occurred in one municipality.

Garcia speculated that the act may have been an attempt to prevent the aspirant from filing. Fortunately, the aspirant was still able to submit a new COC in time.

In light of these incidents, Garcia emphasized that the Comelec will strengthen its collaboration with civil society and citizen groups to ensure clean and safe elections next year.

“We will face those challenges not just with determination and persevereance, but with force if necessary....We will definitely commit that we will have peaceful and honest elections in 2025,” he said.

The super elections will commence on May 12, encompassing races in the national, local, and parliamentary level.

MMDA complains to LTO vs SUV driver

By Claudeth Mocon-Ciriaco

Aurora underpass where the driver was also seen speeding off in the opposite direction after the illegal U-turn.

The incident was captured by the MMDA CCTVs in the area.

PHL deems free-trade deal with Sokor vital to exports

By Andrea E. San Juan @andreasanjuan

MANILA sees the free trade deal with Seoul playing a crucial role in its pursuit to replicate the development of export industries of its Asean neighbors, according to the Department of Trade and Industry (DTI).

“We’ve seen the important role of Korea in growing or in developing the export industries of our Asean neighbors, particularly Vietnam,”

DTI-Export Marketing Bureau (EMB) Director Bianca Pearl R. Sykimte told reporters on the sidelines of the Philippines-Korea Business Forum on Tuesday.

“So we want to be able to replicate that and hopefully surpass. That’s why right now we are focused in

terms of partnering with key economies that will allow our exproters t o tap into new markets,” Sykimte also noted.

In a televised interview on Tuesday, DTI Undersecretary for International Trade Group Allan B. Gepty said with the bilateral free trade a greement (FTA) with South Korea complementing the Asean-Korea FTA and the Regional Comprehensive Economic Partnership (RCEP) agree -

ment, almost 97 percent of Philippine e xports to South Korea already have preferential market access—meaning, the duties of the country’s outbound shipments to Korea are already at zero to reduced tariffs.

Data from the Philippine Statistics Authority (PSA) showed that K orea is the Philippines’ 5th top export destination with $2.16 billion of exports in the January to July 2024 period. Meanwhile, Korea is the Philippines’ 4th top source of goods, amounting to $5.38 billion in the 7-month period this year.

Sykimte, meanwhile, reported that while export groups are still discussing the recalibration of targets i n the Philippine Export Development Plan (PEDP), the local export g roups are focusing meantime on luring export-oriented investments into the country and tapping into new markets.

“For us, it’s more of the focus really on supporting BOI in terms of attracting export-oriented investment,” the DTI-EMB official p ointed out.

On venturing into other markets,

Sykimte said the Philippines aims to replicate the United Kingdom’s Buyers’ Project.

So it’s sort of UK helping the Philippines understand what are the buyer p references of UK companies, especially in the electronics sector. And with that understanding, we’re able to better help our electronics sector to capture that market,” she said.

In June 2024, Sykimte said government officials and stakeholders might t one down the export targets in the PEDP as they take into account the prices of international agricultural goods.

The DTI official said in a mix of Filipino and English in June, “We may slash the targets in the PEDP,” adding that it contains targets which are “more ambitious” compared to the targets set in the Philippine Development Plan (PDP) 2023-2028.

“Because we issued the PDP first and in the PDP, the targets are more tempered because it was drafted earlier. In t erms of PDP targets we are actually hitting, [but] the PEDP...is intended to be more ambitious,” said Sykimte.

Under the PDP, these are the total export targets: For 2024, $107 billion; 2025, $113.42 billion; 2026, $120.22 billion; 2027, $127.44 billion and for 2028, $135.08 billion. Meanwhile, under the country’s Export Development Plan, these are the targets: For 2024, $143.4 billion; 2025, $163.6 billion; 2026, $186.7 billion; 2027, $212.1 billion and 2028, $240.5 billion.

Last Tuesday, Sykimte told reporters that, “With PDP [targets], we’re quite confident that we’ll be able to meet that.” According to PSA, the Philippines’s exports of goods reached $42.66 billion in the January to July 2024 period.

China Coast Guard: PHL ships ‘intruded’ into Bajo de Masinloc

CHINA Coast Guard has confirmed that on Tuesday, it “took control measures” on two Philippine ships for “intruding” into Bajo de Masinloc in the West Philippine Sea, some 120 nautical miles west of Zambales.

Liu Dejun, spokesman of CCG, said the Philippine ships No. 3001 and 3002 entered Bajo de Masinloc “without the permission of the Chinese government.”

The CCG was referring to Bureau of Fisheries and Aquatic Resources (BFAR) ships BRP Datu Cabaylo and BRP Datu Sanday which tried to pass through the lagoon Tuesday.

BFAR said their ships were conducting resupply missions to Filipino fishermen when they were harassed by China Coast Guard.

“The CCG vessels attempted to impede the mission of the BFAR vessels but were unsuccessful. The CCG vessels also opened and directed their water cannons, but this failed to reach the PH civilian boats,” BFAR said.

Seven Filipino mother boats and 16 small fishing boats were fishing near the Bajo de Masinloc when this incident happened.

“Notwithstanding the dangerous maneuvers and opening of water cannons,

both BFAR vessels were able to resupply the Filipino fisherfolk in the vicinity of Bajo de Masinloc,” it added.

China Coast Guard did not specify the control measures it took on the BFAR vessels, but it said they did it in “accordance with the law.”

“The on-site operations were professional, standardized, legitimate and legal,” Liu claimed.

Bajo de Masinloc (international name: Scarborough Shoal; China name: Huangyan Dao) is an atoll with rich fishing grounds and believed to be sitting atop oil and gas reserves. For more than two decades, it that has been one of the disputed maritime features in the West Philippine Sea between Manila and Beijing.

An arbitration tribunal had ruled in 2016 that Bajo De Masinloc is a traditional fishing ground and that the Philippine and Chinese fishermen have rights to fish there.

In 2012, the Philippines lost to China the de facto control over the lagoon in a 10-week standoff allegedly after US mediated between Manila and Beijing.

China claims it has “indisputable sovereignty” over Huangyan Dao and the rest of the South China Sea.

Malou Talosig Bartolome

Marcos Jr. wants BARMM to remain under

By Manuel T. Cayon @awimailbox Mindanao Bureau Chief

DAVAO CITY—President Ferdinand Marcos Jr. wants the Bangsamoro government to remain in the hands of the Moro Islamic Liberation Front (MILF), the region’s chief minister and the chairman of the MILF, said, as the nation prepares for the mid-term elections next year, and that includes elections for Parliamentary seats of the autonomous region.

Ahod B. Ebrahim, the chiel minister of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), said Marcos told him it was his wish for the region to remain with the MILF, as the group was yet to finish its second threeyear transition of managing the autonomous region.

Ebrahim, also known as Chairman Murad in the MILF, told an online news briefing that it was unclear if the President has also passed the same message to the other political leaders, many of whom are about to square off with the MILF candidates for the 81 seats of the Bangsamoro Parliament. Some MILF leaders, on the other hand, have also filed their certificates of candidacy for the elective positions in the local government units, coming in direct clash with many established politicians. Ebrahim said, however, that the party-list group created by the MILF has engaged in dialogues with some

politicians and political groups about the conduct of the elections next year, including the possibility of the MILF supporting politicians with a good following among their respective electorates.

He also urged politicians and MILF personalities to also hold similar dialogues in places where politicians and MILF are expected to be rivals for local positions.

“What is important is to have the elections free of anomalies. It’s difficult to have conflicts during elections,” he said.

Meanwhile, Ebrahim defended Special Assistant to the President Antonio Ernesto Lagdameo, Jr. who was blamed for the noncompletion of projects in the Bangsamoro region.

Ebrahim said Lagdameo has no hand or participation in the implementation of government projects nor was he responsible for the non-completion of some of them.

Suharto Mangudadatu, former chairman of the Technical Education Skills Development Authority, has dared Lagdameo to explain in public how his

name was being mentioned in relation to unfinished projects as he asked Lagdameo also “to allow a midyear review or assessment” of the funds of the BARMM.

Ebrahim also clarified that the gathering of mayors in Davao City on October 6 was not due to pressure from Malacanang to deliver the votes for the administration. He said the mayors attended a dialogue where they also took an oath before the Muslims’ holy Quran to ensure a peaceful conduct of the polls. He said the dialogue had agreed to observe a free zone, where BARMM officials and politicians may allow opposing parties to contest a seat but especially in Congress.

The camp of Lagdameo also posted a similar disclaimer of corruption from other BARMM officials whom Mangudadatu has named in his allegation of payoffs and corruption in the implementation of projects financed by the annual block funds given by the national government as seed fund for the BARMM.

www.businessmirror.com.ph

Cybersecurity investments key in Asean future–Marcos

By Samuel P. Medenilla sam_medenilla

VIENTIANE, Laos—

President Ferdinand Marcos called for more investments in cybersecurity within the Association of Southeast Asian Nations (Asean) as the digital economy within the regional bloc is poised to grow to US$2 trillion by 2030.

“We should lay the groundwork for a safe and trusted digital environment that can propel Asean into a new era of innova -

tion, growth, and opportunity,” Marcos said during 44th Asean Summit Plenary last Wednesday. He said the initiative to

be implemented through the Asean Digital Economy Framework Agreement (DEFA) will help Asean reach its goal of becoming the fourth largest economy in the world.

A strong and digital economy, the President said, will also enhance the competitiveness of Micro, Small and Medium Enterprises (MSME).

“Addressing financing gaps, supporting digitalization, and enhancing the capacities of MSMEs that will enable our MSMEs to integrate into global value chains and become key drivers of regional growth,” Marcos said.

He said there are over 70 million MSMEs across Asean, accounting for up to 99 percent of all businesses in the region.

In his plenary speech, Marcos also discuss interventions to address food

security caused by supply chain disruptions, economic shocks, and the increasing intensity of extreme weather events such as El Niño and La Niña.

“We must adopt sustainable agricultural practices to optimize our food systems,” Marcos said.

“We must support efforts that empower and support our farming communities and leverage agricultural technological innovations,” he added.

He concluded his speech by discussing women’s unique perspectives and experiences and the Asean Centre for Biodiversity.

He also reiterated Asean Centrality, promotion of mutual trust, and upholding a rules-based international order that safeguards peace, stability, security, and prosperity for all.

PHL Red Cross ready to help Lebanon war’s victims, says Gordon

FOLLOWING deadly airstrikes that have displaced a round 1.2 million people in the Lebanon, the Philippine Red Cross (PRC) on Wednesday affirmed its support and readiness to send aid to victims of s trife in the country.

“We see in the news the devastating impact of the ongoing v iolence in Lebanon—millions of lives disrupted, families uprooted, countless casualties and i njuries, and critical healthcare and welfare services brought to a halt for the most vulnerable,” PRC Chairman and CEO Richard Gordon said. In light of the ongoing situation, Gordon said, news of potential repatriation of Filipinos h as surfaced.

“The PRC, through our welfare services, is prepared to e xtend critical assistance to returning Filipinos, ensuring they receive much-needed support during this difficult time. T hough we are far, we are within reach and ready to assist,” added Gordon.

PRC affirmed its commitment to upholding human dignity and alleviating suffering, continuing its mission even beyond the c ountry’s borders.

Gordon also emphasized the shared call of the PRC and the International Committee of the Red Cross (ICRC) for the enforcement of international humanitarian law (IHL), underscoring the legal protection o f civilians, children, medical workers, and humanitarian personnel during times of war or armed conflict.

He noted, “Under IHL, humanitarian teams must be protected, given safe access to provide life-saving aid, and guaranteed safe return. The Red Cross e mblems must be respected by all parties to the conflict.”

“We stand in solidarity with our Red Cross counterpart in Lebanon, the Lebanese Red Cross, whose brave teams are fulfilling their humanitarian mission on the ground, risking their own lives to help, protect, and save others,” he added.

IPOPHL to poll aspirants: Heed IP rights in campaigns

right and Related Rights Direc -

TBy Andrea E. San Juan @andreasanjuan

HE Intellectual Property Of -

fice of the Philippines (IPOPHL) is calling on aspiring public servants running in the 2025 elections to respect intellectual property (IP) rights as they prepare for their promotional materials.

While the campaign period starts next year, IPOPHL reminded candidates to allot enough time to properly seek permission from artists before converting their works into campaign jingles, slogans and merchandise items to build their political brand.

20 Pinays arrested for baby trafficking in Cambodia

By Malou Talosig-Bartolome

agency had contacts with in vitro fertilization experts in Thailand and then sent them to Cambodia “with the ultimate goal of trafficking babies.”

IPOPHL Director General Rowel S. Barba said the candidates’ respect for IP rights is a “litmus test” of their integrity and trustworthiness as future public servants. “I don’t think any voter would like to see any copyright owner and artist, especially their favorite artists, deprived of their right to have a say on the use of their work for a political campaign,” Barba said in a statement on Wednesday. Barba warned that political candidates may face not only public backlash that could “derail their chances for their vied positions” but also a copyright infringement lawsuit.

tor Emerson G. Cuyo urged political candidates and parties to contact IPOPHL-accredited collective management organizations (CMOs) to secure the right licenses for the transformation and public performance of works.

Under Section 173 of Republic Act 8293 or the Intellectual Property Code of 1997, a derivative work is defined as new work that does not violate any subsisting copyright upon the original work employed or any part thereof. For his part, Bureau of Copy -

CMOs such as the Filipino Society of Composers, Authors and Publishers, Inc., Philippines Recorded Music Rights Inc., Independent Music Producers of the Philippines and Sounds Recording Rights Society, Inc. could help facilitate negotiations and licensing arrangements for the transformation, use or public performance of songs and music, which are the most common types of copyrighted work transformed for local political campaigns.

Meanwhile, Cuyo encouraged music artists to join IPOPHL’s 2nd Philippine-International Copyright Summit (PICS) which will run from October 21 to 25, which will help them safeguard their music and compositions in an increasingly complex digital landscape.

“On October 22, particularly, there will be sessions specifically designed to empower composers and music artists,” Cuyo said.

“We want them to learn the local and global music trends, the legal frameworks that protect their IP rights and the firsthand experiences of artists with copyright protection,” he added.

Cuyo said the summit will also feature industry leaders discussing the implications of generative artificial intelligence on creative works.

According to IPOPHL, participants will also have the opportunity to engage in a hands-on workshop focused on the creative process of writing a composition, allowing them to refine their craft while also understanding the importance of protecting their IP rights.

Barba said he hopes that the 2nd PICS sessions will equip artists with the robust knowledge that will enable them to address infringement concerns swiftly, both during election periods and beyond.

TWENTY Filipino women were arrested in Cambodia for agreeing to be surrogate mothers whose babies will be sold to child trafficking syndicates, the Department of Foreign Affairs said.

The Philippine Embassy in Cambodia said 13 of these Filipinas are already pregnant in various stages and sheltered in a local hospital.

The remaining seven trafficked Filipino women await repatriation.

The 20 Filipino women and four other foreigners were arrested by the Cambodian National Police (CNP) in Kandal Province on September 23.

The embassy described the police operations as “rescue.”

However, Khmer Times reported that the 13 pregnant Filipinos were indicted by the Kandal Provincial Court for violation of Cambodia’s human trafficking law.

Foreign Affairs Undersecretary Eduardo de Vega clarified that the embassy’s perspective is that they were “rescued” as the embassy came into their aid being trafficking victims as well.

According to the Cambodian media, a Philippine-based agency brought the Filipino victims to Cambodia “to be artificially impregnated to provide babies for an infant-trafficking syndicate.”

Quoting officials from Cambodia’s National Committee for Counter Trafficking, the Philippine

“Based on preliminary interviews, the recruitment of these 20 Filipino women took place in cyberspace,” the embassy said in a statement posted on Facebook.

The recruiter, apparently using an assumed name, recruited the Filipino women to travel to another southeast Asian country. But eventually, they were sent to Cambodia. The women were found to be under the care of a local “nanny” when arrested.

The embassy said one of its representatives and an interpreter were present in “all stages” of the Cambodian investigation.

“They are visited by Embassy officials for timely assistance-to-nationals services, including support for their personal and pre-natal needs,” the Embassy said.

Surrogacy in the Philippines is not banned. But a regulatory framework for Assisted Reproductive Technology (ART) and Surrogacy procedures has yet to be crafted, the embassy stressed.

“The embassy continues to closely coordinate with the Cambodian authorities for the speedy resolution of this case, with a view to protecting the rights and welfare of the Filipino women.

“The Philippine Embassy will continue to cooperate with law enforcement agencies and international partners to resolutely and proactively address human trafficking in all forms,” the embassy said.

Atienza bats for revival of two-party system

By Jovee Marie N. dela Cruz @joveemarie

FORMER lawmaker is calling for a revival of the two-party system to elevate the standard and

quality of candidates running for government positions.

In a statement during the Pandesal Forum at Kamuning Bakery, former Deputy Speaker Lito Atienza said the government should raise the standard and quality of candidates running for various government positions.

“When I started in politics, there were only two major parties—Liberal Party and the Nacionalista Party. Anyone who wanted to run for office had to be a member of one of these parties and undergo a strict screening process to determine their qualifications,” he said.

“It’s disheartening to see this replaced by the current multi-party or no-party system, where anyone can create their own party and run for any position,” Atienza, the nominee of the BUHAY party-list group, said. He pointed out that the quality of candidates has steadily deteriorated over the years, resulting in elections becoming more of a popularity contest than choosing who is the most qualified to do the job.

Given the chance to once again serve in Congress as BUHAY party-list representa -

tive, Atienza said he would prioritize filing a bill pushing for a return to the two-party system.

Atienza, who served as congressman of BUHAY for three consecutive terms from 2013 to 2022, is pushing for good governance, as well as promoting a culture of life by fighting anti-life measures such as the death penalty, divorce and same-sex marriage.

Barzagas run for office

DASMARIÑAS City Mayor Jenny Austria-Barzaga is seeking reelection, while his two sons take the helm in local politics following the passing of the Barzaga dynasty’s patriarch, Elpidio, earlier this year.

The eldest son, incumbent city councilor Kiko Barzaga, is making a bid for a the congressional district representative seat left by his father, while his younger brother, Thirdy Barzaga, is vying for the position of vice mayor in his first attempt in politics.

Meanwhile, Jenny’s brother, Nickol Austria, is seeking reelection as a board member in the Provincial Government of Cavite.

PBBM touts PHL’s digital, green initiatives to investors

By Samuel P. Medenilla @sam_medenilla

PRESIDENT Ferdinand Marcos has highlighted the country’s green and digital initatives during the Association of Southeast Asian Nation (Asean) Business and Investment Summit (ABIS) to attract more investments in the country.

In his speech during the event, the chief executive discussed how the government is empowering 1.5 million workers with the needed skills so they can engage in the global gig economy.

He said this is being complemented by ongoing government efforts to implement the Digital National ID and the national fiber optic backbone project.

“We in the ASEAN, the fastest growing internet market in the world, know full well that connectivity goes beyond

bridges, ports, and airports. It also means bridging the digital divide,” Marcos said.

The President also underscored the country’s efforts to fight the increase in greenhouse gases and global temperature, by setting the country’s renewable energy share in the energy mix to at least 35 percent r by 2030 and furthermore to 50 percent by 2040.

“From July 2022 to April of this year, 13 renewable energy projects in solar, hydropower, and biomass have been com -

pleted, and more are in the pipeline,” Marcos said.

Aside from renewables, he said the government is also targeting to establish green manufacturing sectors, which are expected to lead to more advance industries.

“So, let me put on my salesman’s hat and invite you to explore the investment opportunities we offer. We are targeting industries like green metals, battery manufacturing, energy equipment, data centers, and agribusiness,” Marcos said.

“Recently, we also inaugurated our first manufacturing plant factory for advanced lithium-ion phosphate batteries,” he added.

He said the reliable source of battery will allow the country to become a contributor in clean energy storage in Southeast Asia and establish an electric vehicle industry.

The President addressed the ASEAN Business and Investment Summit, a major regional annual gathering that brings together world leaders, ASEAN representatives, and other relevant stakeholders to discuss the pressing issues in the region.

During the ASEAN Summit, the President addressed the ASEAN Business and Investment Summit, a major regional annual gathering, which explores ways to ensure equal and sustainable distribution of the benefits of ASEAN’s thriving economy.

UAE global leader in RE eyes PHL business

MASDAR, a global leader in renewable energy based in the UAE, is “actively” exploring partnership opportunities in the Philippines to invest in renewable energy projects, particularly in solar, wind, and geothermal power, according to the Department of Trade and Industry (DTI).

In a statement on Wednesday, the Philippines’s Trade department said DTI Acting Secretary Cristina A. Roque met with top executives from Masdar to discuss potential collaborations and investments in the country’s renewable energy sector as part of her official visit to the UAE.

Established in 2006 as part of the UAE government’s commitment to clean energy leadership, Masdar aims to develop up to 2GW of renewable energy capacity in the Asean region by 2025.

“This meeting underscores the Philippines’ growing attractiveness as a destination for clean energy investment in Asia,” said DTI.

For her part, Roque said, “The Philippines is rapidly emerging as a key player in the Asian renewable energy market.”

“We are delighted to partner with Masdar to accelerate the development of solar, wind, and geothermal projects, which are vital to achieving our sustainability and energy security goals,” the DTI Acting Secretary also noted.

The DTI Acting Secretary said the DTI and the Philippine government are committed to supporting sustainable energy initiatives that will not only drive economic growth but also ensure a greener future for our nation.

Latest data from the Board of Investments (BOI) showed the renewable energy sector occupied the huge chunk of the investment approvals pie in the January to September 15, 2024 period, with P1.29 trillion, out of the P1.35-trillion investment approvals in the 9-month period.

Roque engaged key stakeholders in her official visit to the UAE to promote investment opportunities in the Philippines across different sectors.

As part of her three-day official visit in the UAE, the Acting DTI Secretary engaged with two leading supermarket chains in the country, which are Al Maya and Carrefour to discuss opportunities for bringing Filipino brands abroad.

Al Maya, with over 50 stores across the UAE and Oman, and Carrefour, operated by Majid Al Futtaim with more than 375 stores in 15 countries, are “instrumental” in introducing Filipino products to a multicultural customer base, DTI said.

“We value the strong partnerships we have forged with Al Maya and Carrefour in carrying and promoting our Filipino products. Their support not only strengthens our trade relationship with the UAE but also empowers Filipino SMEs to share the best of Philippine craftsmanship and innovation with the world,” Roque said.

The DTI Acting Secretary said DTI is determined to work closely with importers, distributors, consolidators and retailers to ensure a wider selection of high-quality Filipino goods in UAE.

With this, DTI said it aims to position the Philippines as a “reliable” source of premium products in the international market.

Apart from the RE sector, Roque pushed for increasing the availability of Filipino food and non-food products in the Middle Eastern country.

Andrea E. San Juan

Grab PH Opens Doors for Future Business, STEM, Sustainability Leaders

The leading superapp is now accepting new GrabScholar applications

GRAB Philippines, together with partner and co-facilitator Bagosphere, is once again ready to welcome a fresh batch of applications for its GrabScholar program. This new cohort will mark the third generation of Filipino GrabScholars since the program's official launch in the country last 2023.

GrabScholar is a three-pronged program that covers full-time college scholarships, bursary support for educational needs, and a career acceleration pathway for aspiring Business Process Outsourcing (BPO) professionals.

The latest iteration of GrabScholar covers full-ride merit-based college scholarships specifically for three- and four-year degrees in Business, Sustainability, and STEM (Science, Technology, Engineering, and Mathematics)1 at any college or university in the Philippines. It also extends bursary support from Kindergarten through Grade 12. With these updates, the leading superapp intends to create professional pathways for the next generation of leaders in the abovementioned fields. Grab is geared to provide more meaningful support to its college scholars by connecting them to training, mentorship, internship, and potential employment opportunities within the company.

GrabScholar is part of Grab’s broader GrabForGood initiative, aimed at creating opportunities for social progress and growth for more Filipinos, and Southeast Asia at large.

Grab Philippines Country Head Ronald Roda shares, “I am fortunate to have had the privilege of accessing education through scholarships. As the son of educators and a scholar from elementary to graduate school, I deeply understand the transformative power of educational opportunities. Through the GrabScholar Program, we will empower more of our young and hardworking

Grab Philippines Country Head Ronald Roda [center] spearheads the official launch of GrabScholar Batch 3

Waking up to smell the coffee and the taste of retirement

By Cai U. Ordinario

EVERYBODY loves coffee. Many also love the practicality or even the “status” it brings to those who choose—and have the means—to drink a cup (or two) in popular coffee shops.

A popular coffee shop would sell each cup for about P100 to P300. It may be a small price to pay for students who want a place to study outside cramped dormitories or those looking to catch up with friends in an airconditioned establishment with free electricity and, sometimes, high-speed WiFi.

Based on the sheer number of coffee shops scattered nationwide, especially in urban areas, millions agree that this is a good deal.

But a Filipino economist who is currently working in an international think tank, Alvin P. Ang, believes these cups of coffee could also lead to one’s own financial ruin.

Ang said if a 26-year old worker spent P150 per day on coffee, he or she would have easily spent over P5 million by the time he or she reached 65 years old.

Based on Ang’s calculations, by the time the worker is 36 years old, he or she would have spent P1.55 million; by 46 years old, P2.83 million; and by 56 years old, P4.11 million. Th is amount, Ang said, would be better spent in making important investments that could be the answer to the goals of many Filipinos—financial freedom.

If you convert that P150 and put it in a savings account that would earn an interest of 3 percent per annum, you will have P17.5 million [when you reach 65 years old],” Ang said. He chuckled that when he shared this computation in a seminar for young workers, they slowly hid their tumblers bought from big coffee shops.

Indeed, investing P150 per day would be worth it especially when it comes to building a retirement nest egg.

The inevitable THE end of a career, just like death, comes to all people. But unlike the end of one’s life, the onset of retirement is often celebrated with cake and balloons or even a big party with co-workers and other well-wishers.

Retirement is the end of a person’s working life, and many seniors, upon reaching this point in their career, decide to do the things they want without the burden of being shackled to their day jobs—using the money they worked their whole lives for—assuming there’s any.

But in case there isn’t any (money), seniors may decide to continue working. Data from the Philippine Statistics Authority (PSA) showed that seniors or those 60 years old and above who are in the labor force have been increasing from 3.75 million in 2019 to 4.996 million in 2023. In 2024, PSA data showed that in February to June, the number of seniors who were employed exceeded 5 million. In February 2024 there were 5.18 million seniors employed; March, 5.419 million; April, 5.018 million; May, 5.268 million; and June, 5.631 million.

The rate of increase, the PSA data also showed, has been in double-digits since 2022 at 10 percent and 2023 at 10.4 percent. In 2024, the rate of increase in the number of employed seniors peaked at 11.2 percent in June and the lowest was at 10.1 percent recorded in January.

Being better prepared for one’s twilight years is something that should be done by all. Unfortunately, this is not the case.

Out of mind

YOUNGER workers in general are not conscious about retirement. It’s a classic case of out of sight, out of mind. Ang said most Gen X (born between 1965 and 1980) and Millennials (born between 1981 and 1996) would be planning for their retirement, but the Gen

Z (born 1997 and 2012) and succeeding generations after may not be as conscious as older generations.

Apart from the differences in generations, preparing for retirement also differs according to income class and type of work. He noted that according to the 2021 Financial Inclusion Survey, only 37 percent of Filipinos have savings and these are dominated by workers belonging to A, B, and C classes. For those saving, only 12 percent are allocating it for retirement.

Given this, Ang said workers would fall prey to their wants rather than their needs, often spending beyond their means. Ang said this is due to the plethora of commercial influences that Filipinos have been inundated with through social media, online, and telemarketing activities. He blamed these for the lack of a savings mindset among workers.

It is difficult to save because it is an emotional and behavioral thing, not mechanical. Targeting to save is easy but actually saving is not. In our studies in the past, it is clear that the reason most people are unable to save is that they fail the simple task of recording their income and expense,” Ang explained. However, Ateneo de Manila University economist Leonardo Lanzona Jr. told BusinessMirror that when it comes to retirement, many Filipinos consider their children their retirement plan.

By investing in the education of their children, Lanzona said, Filipinos believe they are giving their children a better chance of providing for their future families, including them, in their twilight years.

Filipino culture and tradition are big on families. This means taking care of the youngest in the family as well as parents and grandparents are commonplace. It is often the case when senior grandparents live with their children’s immediate family where they are looked after and provided for. They engage in various strategies to prepare. One of which is to have more quality children or to invest quality in their children. Their savings are their children who then become the means of security in their old age,” Lanzona said. Th is, however, has changed in recent times. During the lockdowns imposed due to the pandemic, the Commission on Population and Development (CPD) disclosed that thousands of seniors were living alone in the National Capital Region (NCR) (See: https:// businessmirror.com.ph/2021/01/04/4-of5-phl-seniors-without-pensions-popcomreport/).

L anzona also noted that the country’s development constraints also prevent more Filipinos to access human capital facilities, preventing them from getting quality education and health services. This is crucial for the next generation to sufficiently “provide for the parents old age will not allow them to escape poverty. “ He noted that poor households are not protected by local laws. Lanzona

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said the labor and government codes force private firms and government agencies to set up pensions and retirement benefits for their workers.

However, this excludes Filipinos who are not engaged in formal employment. Lanzona said, “Unless one is privately employed or one works for the government, one is not covered by such benefits. This makes the child option as their only alternative.”

Unfortunately, Lanzona said, using children as retirement plans is “a losing proposition.” It is crucial that parents should be able to provide for themselves in their old age.

The parents must be able to fend for themselves, independently of their children. Worker groups and civil society must demand for these protections,” Lanzona said.

Health costs

ANG said savings and planning for retirement is crucial as health expenses in old age are expensive. These costs may not be covered by pensions and insurance plans.

Data from the PSA showed that household out-of-pocket expenses made for health reached

P550.193 billion in 2023, an 8.5 percent growth from the P506.942 billion in 2022.

The figure for last year accounted for 3 percent of the P18.6 trillion household final consumption expenditure in 2023. Household outof-pocket expenses accounted for 44.4 percent of the country’s current health expenditure. Workers in the formal sector can rely on their limited pensions to tide them over when it comes to their daily expenses. Those who have insurance plans can rely on these plans to cushion them against death.

Unfortunately, health expenses are the biggest expenses in old age. Hospitals accounted for 46.1 percent or P571.77 billion of all health expenditures in 2023 followed by providers of medical goods, 29 percent or P360.05 billion and providers of health care system administration and financing at 9 percent of the total or P111.47 billion last year.

PhilHealth only provides a portion of certain sickness so people still need to have their own money for such eventuality,” Ang said. “It is therefore critical that people get into formal employment and enroll in social benefits.”

In a presentation last year, BSP PERA Working Group Danielle M. Tonel and Chris-John C. Capili said only 20.3 percent or around 1.5 million of senior citizens is covered

by pension, leaving many seniors without sources of income to sustain daily or medical needs.

The average monthly pension received by pensioners in 2018 is P4,984 for Social Security System (SSS) members or former private sector workers and P13,379 for Government Service Insurance System (GSIS) members or former government employees.

Change in mindset

ANG said this highlights the importance of the cooperation between the government and the private sector to increase the savings mindset of Filipinos.

He said a paper he presented to the House of Representatives along with two other Ateneo de Manila University economists, Luis F. Dumlao and Ser Peña-Reyes, proposed that the national government and private employers should utilize the “nudge approach to savings.”

A ng said they explained that when people are enticed to borrow money, they are given the cost of their monthly repayments and the interest rate of the loan. However, workers are not shown the actual interest to be paid and the actual interest rate.

If we use the same to savings, say for Pag-IBIG or for a company provident fund, give the

people option not to save but they show them how much they will miss out in the future if they do not save, say, P1,000 today,” Ang said. “People will not naturally save as it is a behavioral thing. So use behavioral economics to change their behavior.”

A nother important consideration for the national government is to be a better salesman for products like the Bangko Sentral ng Pilipinas (BSP) Personal Equity and Retirement Account (PERA).

The PERA, which was launched by the BSP in 2016, is a voluntary retirement savings program that supplements state-based pension plans and employer- sponsored retirement plans. The BSP considered the PERA as a significant tool to ensure the financial security of Filipinos upon retirement and give them a comfortable life in their sunset years.

BSP also earlier said PERA contributors are entitled to a 5-percent tax credit on contributions for the year that can be used to pay national income-tax liabilities. Moreover, qualified PERA withdrawals are not subject to taxes.

A ng said while it is a good product, it is very difficult to open a PERA account. He added that in this vein, it is easier for Filipinos to subscribe to financing schemes

that are often dubious or outright scams.

To prevent this, Ang said the BSP should also market these kinds of financial products to companies which may lead to an increase in interest.

Based on the latest data from the BSP, as of September 30, 2024, the total contributions to PERA came from 5,774 Filipinos working here and abroad. The total contribution is P470.63 million.

There were a total of 4,096 employed Filipinos with PERA contributions amounting to P325.42 million; 894 self-employed Filipinos, P64.92 million; and 784 overseas Filipino workers with contributions reaching P80.296 million since it started until September this year.

A nother recommendation, Ang said, is to change the date when companies issue bonuses. He said that normally, these are given in December in time for holiday spending.

But this means much of the bonuses end up as seasonal spending. Ang said a better time to provide bonuses is in March or even in August, which are not particularly strong consumption months.

Crucial to all these is information. Lanzona said social protection relating to old age security

and retirement savings information should be provided to everyone, especially those lower-income individuals or those working for companies who do not have retirement benefits.

He said often, when it comes to information, raising retirement age, reducing benefits, and other similar topics are not communicated clearly to the public. This can leave individuals unprepared for changes that could affect their retirement income.

“Individuals may not fully understand the risks, fees, or longterm implications, while pension providers or financial institutions have more information and expertise. This can lead to poor decisionmaking by individuals, such as under-saving or choosing inappropriate plans,” Lanzona said. Ang said that while the government and firms have a responsibility to ensure sufficient information is spread about retirement and the need to be self-sufficient in old age, each worker must also make a conscious decision to prepare.

So before you decide to head out to the nearest coffee shop to buy your favorite brew, consider this: over P5 million in expenses or P17.5 million in investments? The choice is yours in making your retirement either a bitter or sweet one.

UNFAZED BY RISKS, PHINMA GETS ACTIVE IN HOUSING

R S. R

@brownindio

ILIPINO conglomerate PHIN-

FMA Corp., through its property arm PHINMA Properties, emphasized its seriousness in making a stronger presence in the aﬀordable housing market to help the government address the housing backlog in the country numbering more than 6 million units.

“I know all the major developers are not enthusiastic about it because of the cost, the diﬃculty of making proﬁts, etcetera. I am not yet intimidated by it. I have asked my people to look into it because the challenge really is, I want to do in housing what we have been able to do in education,” said PHINMA Chairman and CEO Ramon del Rosario Jr. in an interview Tuesday evening on the sidelines of the 24th Asia CEO Awards held at the Marriott Hotel in Pasay City.

“People thought we were crazy for oﬀering education for the poor. en it started and we found a way to successfully deliver quality education proﬁtably,” del Rosario added.

Del Rosario, who had a short stint as ﬁ nance secretary during the Ramos administration, said it is a huge challenge for him and the company, considering the gargantuan requirements of the housing sector. Nevertheless, he said PHINMA is very bullish, particularly outside of Metro Manila as it is currently active in

Rosa, Cabuyao, and Calamba. is project, expected to be completed in 2028, is designed to reduce travel time from Lower Bicutan to Filinvest, Alabang from 33.5 minutes to 13.7 minutes.

Further, KEXIM-EDCF is currently ﬁ nancing the conduct of the

developing Saludad, a P12-billion township project in Bacolod City.

e project is a joint venture project between PHINMA Properties and Jacinto, Echaus, and Puentevella (JEPP) Property Corp.

Del Rosario said PHINMA Properties plans to develop township projects in Davao, Batangas and Pampanga. “We are really excited to focus outside Metro Manila,” del Rosario pointed out. He added there are lots of growth sectors that have huge potential outside Metro Manila.

Del Rosario lamented many developers are backing out from confronting the problems in the aﬀordable housing market. Nevertheless, the son of PHINMA cofounder Ramon del Rosario, Sr remains unfazed. “We’ll see what we can do,” he said.

“I am not there yet but we will take a look at it. Maybe we’re foolish. Time will tell and hopefully we’ll get it done and we’ll say that we prevailed,” del Rosario chuckled.

“Anyway, I am 80 years old and I have a long way to go,” he said.

Meanwhile, del Rosario said their educational unit PHINMA Education plans to expand in Davao, Cavite and Bicol. As far as the overseas market is concerned, del Rosario said PHINMA Education is planning to beef up its presence in Indonesia. “We have the same idea in Indonesia. Just like in the Philippines, PHINMA Education will oﬀer aﬀordable education to the underserved sector in Indonesia,” he said.

Engineering Service or Detailed Engineering Design for the PanayGuimaras-Negros Island Bridges Project, which is expected to be completed in 2025.

e USD 56.61 million or P3.21 billion ﬁ nancing deal was signed last April 2022.

e project, which involves the construction of two sea-crossing bridges, spanning 32.47 km combined—including connecting roads and interchanges, will con-

UN raises alarm over online gambling in Southeast Asia

THE United Nations has expressed concern about online gambling in Southeast Asia that it said was being used by transnational criminal groups to engage in “underregulated casinos, junkets, and illegal online gambling platforms that have adopted cryptocurrency.”

Early this month, the UN Office on Drugs and Crime (UNODC) issued a policy report, titled “Transnational Organised Crime and the Convergence of Cyber-Enabled Fraud, Underground Banking, and Technological Innovation: A Shifting reat Landscape.” e report said “the transnational organized crime threat landscape in Southeast Asia is evolving faster than in any previous point in history. is change has been marked by growth in the production and trafficking of synthetic drugs and cyber-enabled fraud, driven by highly sophisticated syndicates and complex networks of money launderers, human traffickers, and a growing number of other service providers and facilitators.”

UNODC estimates that despite

nect the islands of Panay, Guimaras and Negros.

Travel time from Panay to Negros Islands through ferries or ro-ro will be shortened from 3 to 4 hours to less than 1 hour once the project is completed by 2031. South Korea is the sixth largest oﬃcial development assistance (ODA) partner of the Philippines, with loan and grant commitments totaling USD 958.11 million or about P54.33 billion.

aggressive law enforcement eﬀorts, cyber-enabled fraud “has continued to intensify, resulting in estimated ﬁ nancial losses of between US$18 billion and US$37 billion from scams targeting victims in East and Southeast Asia in 2023.”

“ e sheer scale of proceeds being generated within the region’s booming illicit economy has required the professionalization and innovation of money laundering activities,” adding that transnational criminal groups in Southeast Asia “have emerged as global market leaders,” the policy report said.

“Building on existing underground banking infrastructure including under-regulated casinos, junkets, and illegal online gambling platforms that have adopted cryptocurrency, the proliferation of high-risk virtual asset service providers [VASPs] across Southeast Asia have now emerged as a new vehicle through which this has taken place, servicing criminal industries without accountability,” the policy report added.

Organized crime groups were “converging and exploiting vulnerabilities, and the evolving situation is rapidly outpacing governments’ capacity to contain it,” Masood Karimipour, UNODC regional representative for Southeast Asia and the Paciﬁc, said.

Criminal groups, Karimipour said, were “producing larger scale and harder to detect fraud, money laundering, underground banking and online scams.”

is has led, he said, “to the creation of a criminal service economy, and the region has now emerged as a key testing ground for transnational criminal networks looking to expand their inﬂuence and diversify into new business lines.”

e UN policy report also said: “Extensive evidence shows organized crime inﬂuence within casino compounds, special economic zones and border areas [in Southeast Asia] to conceal illicit activities.”

In the Philippines, the two chambers of Congress and several Executive agencies have been roiled by shocking revelations of crimes—mostly human traﬃ cking, illegal detention and torture, money laundering—associated with the Philippine Oﬀ shore Gaming Operators (POGOs) that provided government a hefty revenue stream in past years.

e shocking details as borne out in years of Senate investigation by several committees culminated in July with the announcement by President Ferdinand Marcos Jr that he was banning all POGOs eﬀective Decembr 31, 2024, and directed the Labor department to help displaced Filipino workers in the legitimate—or licensed—outﬁts, while visas of the foreign workers were canceled.

At least four of the so-called POGO hubs raided in recent months in the Philippines unearthed elements of human trafﬁcking and illegal detention. Meanwhile, hundreds of Filipino workers lured to ailand on fake jobs for call centers ended up in Myanmar, where they were kept against their will and imposed quotas for cyber scamming, for which they were tortured if they did not meet the mandated amounts.

was embodied by Chairman Boots Anson Roa Rodrigo, along with Board Member Gina Alajar and Welfare Director Joey Roa, further cementing the importance of this event. e event brought together distinguished ﬁgures from the MMFF, the MIFF, and their initial group of brand and media partners. Among the

Philippine entertainment industry. “As we count down to the 50th edition of MMFF, we stand on the brink of a historic moment that will not only celebrate the rich heritage of Filipino cinema but also catapult it into the international spotlight. e MMFF 50th Golden Gala on November 11 at City of Dreams Manila promises to be more than just an event—it will be a deﬁ ning moment for the industry, ﬁ lled with glamour, prestige, and the power of Filipino artistry. Join us as we honor the past, celebrate the present, and shape the future of Philippine cinema on the global stage,” the MMFF said. Claudeth Mocon-Ciriaco

DOF touts P60-B financing from Korea for infra projects

@reine_alberto

THE Department of Finance

(DOF) secured P60.16 billion in ﬁnancing agreements from the Government of Korea to fund three major infrastructure projects designed to improve mobility and boost economic development in Luzon and Visayas.

sayas,” Finance Secretary Ralph G. Recto. Among the projects receiving ﬁ nancial backing is the Samar Paciﬁc Coastal Road II Project, which will receive USD 111.427 million or around P6.34 billion from KEXIM-EDCF, to improve transportation between Laoang Island and Samar mainland.

ments for possible ﬁ nancing of the Laguna Lakeshore Road Network Project (Stage 1) and the Panay-Guimaras-Negros Island Bridges Project.

THE National Irrigation Administration (NIA) should improve its disbursement rate, which is still below 65 percent, according to a lawmaker.

Guillen agreed with the DBM’s suggestion. “I think that that’s the best option...For us to do early procurement based on the NEP,” Guillen said, partly in Filipino.

During the Senate deliberations on the NIA’s proposed budget for next year, Senator Imee Marcos ﬂ agged the agency’s disbursement rate which falls below 65 percent.

ACEREMONIAL contract

signing took place in City of Dreams Manila on Wednesday, signifying an important step in the partnership between Metro Manila Film Festival (MMFF) and the Manila International Film Festival (MIFF).

e event not only highlighted a signiﬁcant milestone for both organizations but also set the tone for what is expected to be a groundbreaking year for the Philippine entertainment industry.

As part of the programs, projects, and activities in celebration of its 50th year, the MMFF

“ ese projects are a testament to the strong friendship between the Philippines and South Korea. Beyond enhancing mobility, they will create jobs, spur businesses, boost incomes, and uplift Filipino lives—helping reduce poverty, especially in Luzon and Vi-

In a statement on Wednesday, the DOF said the deals, to be ﬁ nanced by the Export-Import Bank of Korea-Economic Development Cooperation Fund (KEXIM-EDCF), were sealed in a ceremonial exchange witnessed by President Ferdinand R. Marcos Jr. and South Korean President Yoon Suk Yeol, who was on a state visit to the Philippines on October 7, 2024.

e project comprises two marine bridges—the Laoang II Bridge and Calamotan Bridge with a total length of 800 meters and 605 meters, respectively, and the improvement of existing roads with a total length of 15.011 kilometers (km). It is expected to slash travel time from Laoang to Palapag from 65 minutes to 19 minutes once completed in 2029. Meanwhile, a memorandum of understanding was also signed and exchanged by the Philippine and Korean govern-

2024. is prestigious partnership with one of the country’s premier luxury destinations underscores the importance of the

e Golden Gala, hosted at City of Dreams Manila, will bring together a distinguished audience of celebrities, industry lead-

KEXIM-EDCF intends to support Stage 1 of the project worth P50.61 billion, which will be co-ﬁ nanced by the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB). e total project cost of Phase 1 of the Laguna Lakeshore Road Network Project, which spans a 37.6 km viaduct and embankment from Lower Bicutan, Taguig City, to Calamba, Laguna, is P181.03 billion. Eight interchanges are proposed to be constructed, connecting municipal boundaries to the nearest public road along Lower Bicutan, Sucat, Alabang, Tunasan, San Pedro/Biñan, Santa

“ e problem is every time that NIA asks for more money, ang problema parati natin ang disbursement rate ng ahensya is always below 65 percent [our problem always is the agency’s disbursement rate of below 65 percent],” Marcos said. e NIA received P42.57 billion for the 2025 National Expenditure Program (NEP), slightly higher than last year’s NEP of P41.7 billion.

“Anong gagawin natin diyan? Anong magagawa natin [What are going to do about it. What can we do] to ratchet up the performance?” Marcos asked. According to Department of Budget and Management (DBM) Director Elena Regina Brillantes, the NIA could make use of its 2025 NEP to conduct early procurement activities.

“ e best advice we could give is for them to engage in early procurement activities [...] for 2025, using the NEP as basis, they can already conduct early procurement activities short of award,” Brillantes said.

ers, and inﬂuential personalities to honor the best of Philippine cinema, while also reinforcing its ties to the global ﬁ lm community.

A notable presence during the ceremonial signing was the Movie Workers Welfare Foundation Inc. (Mowelfund), a nonproﬁt organization that has been championing the welfare of marginalized workers in the Philippine ﬁ lm industry for 50 years.

Mowelfund’s dedication to social welfare, education, and the preservation of ﬁ lm heritage

Brillantes said that historically, NIA’s budget tends to get an increase in the General Appropriations Act (GAA).

“’ Yung additional [budget] paglabas ng GAA, ’yun naman ’yung ipo -procure ninyo [during] ﬁ rst quarter of the year,” she said. Meanwhile, NIA Administrator Eddie

Dam projects IN March, NIA said four new high dams are set to be built until 2028 to help secure the country’s water needs and address ﬂood control needs. (See: https://businessmirror.com.ph/2024/03/28/government-tobuild-4-new-high-water-dams-nia/) Guillen said the dams will be built in the Tumauini River, Panay River Basin, Ilocos Sur, and in Mindanao in line with the instruction of the President.

“Because as he said, if you have a high dam, you have irrigation, ﬂood control, power generation, domestic water and aquaculture. So what more can you ask for?

You will get many returns if it is a high dam! So this is the focus of the President,” Guillen said.

Based on NIA standards, he said high dams have a height of 100 meters. Guillen noted that at least 20 high and medium-sized dams are expected to be completed by 2028. Ten of these will start construction this year.

Among those pending completion are dams that have been subjected to a catchup plan through their design and build manual. ese dams, the NIA oﬃcial said, are scheduled to be ﬁ nished this year.

“Our design-and-build manual shortened the implementation of the dam from conception to actual construction by three years,” Guillen said.

Aside from building new dams, he said the government is also targeting to rehabilitate major dams such as Magat and Pantabangan, which have existed for half a century.

Espionage law reform urgently needed in the wake of Alice Guo’s citizenship scandal

ThE case of dismissed Bamban, Tarlac Mayor Alice Guo, an alleged Chinese citizen who fraudulently acquired Filipino citizenship and was elected as municipal executive, has ignited a critical conversation about the country’s national security. Senate President Pro Tempore Jinggoy Estrada’s call for immediate deliberations on amending the country’s espionage laws reflects a growing awareness of the serious implications that such cases can have on the integrity of government institutions. (Read the BusinessMirror story: “‘Antiquated’ anti-espionage law needs to be updated amid Alice Guo case,” October 4, 2024).

Estrada’s proposal to amend our antiquated espionage laws, some of which date back to the Commonwealth era, is not only timely but also necessary. The existing framework, which has remained largely unchanged for over 80 years, is inadequate to address modern threats, especially in an age defined by rapid technological advancements and cyber vulnerabilities.

Estrada’s Senate Bill 2368 aims to broaden the scope of espionage offenses, incorporating provisions for cyber espionage—a move that acknowledges the shifting landscape of national security.

The Department of Foreign Affairs cancelled on Friday the passport of Alice Guo and that of her sister Sheila Guo, for having been fraudulently obtained. They are believed to have illegally acquired birth certificates under the “late registration” of births system, which the Philippine Statistics Authority is now reviewing following incidents of apparent abuse.

This revelation underscores the urgent need for legislative reform. It serves as a stark reminder that national security is not just about conventional threats but also about the integrity of the systems that govern our nation.

Under current laws, espionage carries a penalty of 10 to 30 years imprisonment, and a fine ranging from P2,000 to P30,000. The Revised Penal Code stipulates that the punishment for espionage is imprisonment for a period ranging from six months and one day to six years.

Estrada’s push for stiffer penalties—including life imprisonment and fines exceeding P1 million—signals a serious commitment to safeguarding sensitive government information. This is particularly relevant as the rise of electronic documentation and cybersecurity challenges necessitates a robust legal framework capable of deterring potential threats. Moreover, the Senate’s active engagement, alongside input from the Department of National Defense, indicates a collaborative approach to refining these laws. As Secretary Gibo Teodoro advocates for reforms, it is clear that the government recognizes the imperative to evolve its policies in line with contemporary challenges.

When everything is considered, the case of Alice Guo serves as a catalyst for essential discussions about national security and the need for a legal system that can effectively address modern threats.

As the Senate considers this bill that seeks to modernize the country’s espionage laws, the primary emphasis should be on implementing extensive changes that safeguard the country while also rebuilding public confidence in its institutions.

We must prioritize funding for public education and outreach efforts to promote a deeper comprehension of espionage operations and the vital role each citizen plays in safeguarding national security.

‘2025:

CThe Year of Hard Choices’?

John Mangun

OUTSIDE THE BOX

onGr ATulATionS We made it to the fourth quarter of “2024: The Year of uncertainty.” it was not easy though. Who anticipated that by this time the ukrainian military would be ground to a halt with the fall of the ukrainian stronghold of Vuhledar, in the Donetsk region, overrun by russia? likewise, the Gaza has been reduced to rubble and with the command-and-control structure of lebanon’s hezbollah all but eliminated.

Yemen’s Houthis continue to rain havoc on shipping through the Red Sea, but the reality is that they too could be subdued were the US and Saudi Arabia to decide that enough is enough. Iran’s proxies in the region are being neutralized slowly but surely.

Russia is critical to the survival of the Iranian government. Interestingly, the more pressure put on that government, the more beneficial it is to Russia as Iran is becoming more dependent on Russia even as Russia needs Iranian arms.

As we enter the 4th quarter, “Vietnam protests Chinese attack on fishing vessels in South China Sea.”

Cnews.businessmirror@gmail.com www.news.businessmirror@gmail.com Printed by

Inc.–Sun Valley Drive KM-15, South Superhighway, Parañaque, Metro Manila

While we know that much of the saber rattling and actual confrontation between the Chinese and the Philippines is part of a larger strategy to challenge the US, this incident does add a new dimension.

Meanwhile, the Chinese government has pulled out all stimulus stops to reverse a decline in its economy. In early 2000s, China’s annual GDP growth frequently exceeded 10 percent. After decades of annual growth well above five percent, since 2019 five percent growth has been a struggle.

Independent research provider Rhodium: “The primary reason that China’s economic slowdown is

By Charlotte Yang

hinESE stocks listed onshore headed for their first decline in 11 days as traders grow impatient with the pace of Beijing’s stimulus measures, with sentiment also hurt by weak holidayspending data.

The benchmark CSI 300 Index slid as much as 7.4 percent, wiping out its gain of 5.9 percent amid frenzied trading on Tuesday when mainland markets reopened after the Golden Week holiday. An index of Chinese stocks listed in Hong Kong fell further after tumbling 10 percent on Tuesday.

Enthusiasm over a stimulus-driven equity surge is cooling after the lack of any further major initiatives at a key policy meeting Tuesday disappointed investors. A growing number of strategists and fund managers have expressed skepticism, saying Beijing needs to back up its spending pledges with real money, while some others have cautioned the rally has gone too far too fast as benchmark indexes surged over 30 percent in a matter of days.

“The market is tussling between expectation for more stimulus and economic realities,” said Yi Wang, head of quantitative investment at CSOP Asset Management Ltd. “Investors want to see a quick translation from stimulus measures into

improving corporate earnings, better macro data—whether that’s with inflation, employment or local government debt. But there is a time gap between that expectation and the economic reality.”

Investors are starting to worry the rapid rebound in Chinese stocks since late September may prove to be yet another false dawn unless Beijing announces a strong fiscal package that can revive consumption and support the property sector.

The world’s second-largest equity market has had multiple boom-andbust cycles. Confronted by slowing growth and disinflation, China swung into stimulus mode in late 2014, setting off a rally that crashed back to earth in mid 2015. The Shanghai Stock Exchange Composite Index more than doubled its level from October 2014 to June 2015, but then plunged more than 40 percent in two months.

Returning from a weeklong break, Chinese stocks began Tuesday’s session with a bang—the CSI 300

What might 2025 bring? In June there will be a relatively minor trend change point as we move to the major turning in the third quarter of 2028. However, I will label 2025—for now— “The Year of Hard Choices.”

structural in nature is one that Beijing acknowledges: the credit and investment-led growth model has reached a dead end.”

But 2024 is not over and the next 30 days will see the US presidential election, which could not be more important even as I see no short-term effect on the Philippines. The longer term will still be “uncertain” as the US under whomever gains the highest office is still an unpredictable economically, domestically, and geopolitically wounded animal.

Economies on a long-term time frame move between confidence in the Public Sector—government— and the Private Sector. After 1929, the confidence and therefore money went into the government Public Sector. The mood switched with the Pri-

A growing number of strategists and fund managers have expressed skepticism, saying Beijing needs to back up its spending pledges with real money, while some others have cautioned the rally has gone too far too fast as benchmark indexes surged over 30 percent in a matter of days.

surged 11 percent at the open. But the enthusiasm faded as officials at the National Development and Reform Commission stopped short of announcing any more large stimulus measures.

“It seems that the authorities are expressing, perhaps through NDRC’s press conference yesterday, a degree of discomfort with the market’s euphoria, partly due to their difficult experience with the retail-driven market turmoil in 2015,” said Homin Lee, senior macro strategist at Lombard Odier in Singapore. “It will be still important for them to put forward a concrete game plan for fighting deflation later this month in the NPC Standing Committee meeting.”

Holiday spending

THE Hang Seng China Enterprises Index, which comprises Chinese stocks listed in Hong Kong, dropped more

vate Sector gaining confidence with peak Public coming in 1981. During the transition, the Dow Jones Industrial Average broke 1,000 in 1972, coming 21,652 days after its inception in October 1896.

The Dow reached 10,000 in 1999, 20,000 in 2017 (18 years later), and 40,000 in 2024, doubling its value in seven years. But the wave will change again in 2032 back to the Public Sector. However, the Private sector boom ended with a bad bang in 1929 as the Public Sector ended badly in 1981 with poor economic growth and huge destructive inflation. We are now in the transition out of this current Private wave, a time of historic wealth disparity, insignificant increases in real wages, and the highest nominal global average price for food—the FAO Food Price Index —since World War Two. Confidence in government in general has never been any lower in Europe and the US, and that is dangerous for the world. The first “hard choice” is whether the people will allow governments to continue the policy paths they have followed for the past 10 years or if they will demand significant changes.

E-mail me at mangun@gmail.com. Follow me on Twitter @mangunonmarkets. PSE

information and technical analysis provided by AAA Southeast Equities Inc.

than 3 percent on Wednesday. It has erased all the gains made during the period onshore markets were shut. China’s government bonds rallied as investors returned to haven assets amid the slump in stocks, with 30year futures jumping as much as 0.8 percent and benchmark yields edging lower in the cash market.

Spending patterns during the Golden Week holiday suggest consumer sentiment remains muted despite some signs of stabilization after the barrage of stimulus.

Chinese tourists spent less during the weeklong holiday that ended Monday than they did in the break before the pandemic. While travelers made 10.2 percent more trips during Golden Week than in 2019, spending only increased by 7.9 percent, according to data released by Ministry of Culture and Tourism.

Plans by shareholders of Chineselisted companies to reduce their holdings amid the recent rally also likely weighed on sentiment. About 40 A share-listed companies on Tuesday announced their shareholders’ intentions to sell shares, the Securities Times reported, citing its calculation. Meanwhile, leveraged equity positions have jumped. The outstanding amount of margin debt in Shanghai and Shenzhen exchanges rose to 1.54 See “Chinese,” A29

Cabangon Chua

One-China principle brooks

no challenge and distortion

MAIL

THE so-called “Representative of Taipei Economic and Cultural Office in the Philippines”

Wallace Minn-Gan Chow recently authored a letter titled “Global Goals and Peace: Chip in with Taiwan” in several Philippine newspapers. In this opinion piece Chow questions UN General Assembly Resolution 2758, challenges the one-China principle, and even claims that “Taiwan nor the PRC is subordinate to the other.” These blatant “Taiwan independence” remarks not only mislead the general public, but also undermine regional peace and stability, and go even further to violate the Anti-Secession Law of China. They need to be strongly refuted and condemned.

Taiwan has been Chinese territory since ancient times. From 1895 to 1945, Taiwan had been occupied and colonized by Japan. In 1945, the Chinese people won the great victory of the War of Resistance Against Japanese Aggression, ending Taiwan’s half-century of humiliation under Japanese slavery.

The Cairo Declaration issued by China, the United States and the United Kingdom in December 1943 states that it was the purpose of the three allies that all the territories Japan had stolen from China, such as Northeast China, Taiwan and the Penghu Islands, should be restored to China. The Potsdam Proclamation, signed by China, the United States and the United Kingdom in July 1945 and subsequently recognized by the Soviet Union, reiterates, “The terms of the Cairo Declaration shall be carried out.”

On October 25, 1945 the Chinese government announced that it was resuming the exercise of sovereignty over Taiwan, and the ceremony to accept Japan’s surrender in Taiwan Province of the China war theater of the Allied powers was held in Taipei. The return of Taiwan to China constitutes an important component of the post-World War II international order.

The Taiwan question is essentially a remnant of China’s civil war. Shortly after the WWII, a civil war broke out in China, and Kuomintang (KMT) led by Jiang Jieshi (Chiang Kai-shek) retreated to Taiwan after its defeat. With the support of external forces, the KMT set up a regime in Taiwan and the two sides of the Taiwan Straits have fallen into a state of protracted political confrontation. On October 1, 1949, the People’s Republic of China (PRC) was founded. The Government of the PRC became the sole legal government representing the whole of China and the sole legitimate representative of China in the international community. As a natural result, the government of the PRC should enjoy and exercise China’s full sovereignty, which includes its sovereignty over Taiwan.

The Taiwan question has nothing to do with democracy, health or global supply chains stability as claimed by Mr. Chow, but bears on China’s sovereignty and territorial integrity. The “Taiwan independence” forces are using these rhetorics to cover up their hidden agenda of dividing the country. Their attempt is doomed to failure.

The one-China principle is clear cut. There is but one China in the world. Taiwan is part of China. The Government of the People’s Republic of China is the sole legal government representing the whole of

China. UNGA Resolution 2758 fully reflects and reaffirms the one-China principle. On October 25, 1971, the 26th session of the UN General Assembly adopted Resolution 2758 with an overwhelming majority. It states in black and white that the General Assembly “decides to restore all its rights to the People’s Republic of China and to recognize the representatives of its Government as the only legitimate representatives of China to the United Nations, and to expel forthwith the representatives of Chiang Kai-shek from the place which they unlawfully occupy at the United Nations and in all the organizations related to it.”

Once and for all, UNGA Resolution 2758 has resolved, politically, legally and procedurally, the issue of the representation of the whole of China, including Taiwan, at the UN and all the organizations related to it, and has made it clear that there is only one China in the world and that Taiwan is a part of China, not a country. It has also made clear that there is only one seat of China in the United Nations, and the Government of the People’s Republic of China is the sole legal representative, precluding “two Chinas” or “one China, one Taiwan.” Therefore, as part of China’s territory, Taiwan has no basis, reason or right to participate in the UN or any other international organizations where membership is exclusive to sovereign countries.

The one-China principle is a universally recognized basic norm governing international relations and a prevailing international consensus. It is the political foundation on which China establishes and develops bilateral relations with 183 countries including the Philippines. On June 9, 1975, the then Chinese Premier Zhou Enlai and Philippine President Ferdinand Marcos Sr. signed in Beijing the Joint Communiqué on the establishment of diplomatic relations between China and the Philippines. In this Communiqué, the Philippine Government recognizes “the Government of the People’s Republic of China as the sole legal government of China, fully understands and respects the position of the Chinese Government that there is but one China and that Taiwan is an integral part of Chinese territory, and decides to remove all its official representations from Taiwan within one month from the date of signature of this Communiqué.” Such commitment is also enshrined in Philippine Executive Order No. 313 and Memorandum Circular No. 148. In the 49 years since the establishment of our diplomatic relations, successive Philippine governments have adhered to the one-China policy. In January this year, President Ferdinand R. Marcos Jr. publicly reiterated that the Philippines adheres to the oneChina policy, Taiwan is a province of China but the manner in which they will be brought together again is an internal matter.

“Representative” Chow also lets loose of much nonsense about the South China Sea issue in an attempt to implicate the Taiwan question in the maritime disputes between China and the Philippines. Taiwan question, starkly different in nature from the maritime differences between China and the Philippines, is purely an internal affair of China. The maritime differences between China and the Philippines can be compared to spat between neighbors, while the Taiwan question is completely domestic. Distinction between the two must not be blurred. The attempt to confuse the domestic issue with neighborhood dispute shows exactly that he not only forgets his Chinese roots, but also tries to sow discord between China and the Philippines.

Spokesperson of the Chinese Embassy in the Philippines

Israel defense chief’s US trip postponed after Netanyahu objects

By Dan Williams & Natalia Drozdiak

AUS visit by Israel’s defense chief—billed as a chance for the allies to craft a common strategy in a face-off against Iran— has been postponed, a Pentagon spokesperson said Tuesday.

An Israeli official, who asked not to be identified discussing the decision, cited last-minute objections to the trip by Prime Minister Benjamin Netanyahu.

Defense Minister Yoav Gallant, who has sparred with Netanyahu about the conduct of the yearlong war in Gaza and on other fronts, had been due to fly to Washington for talks on Wednesday about “ongoing Middle East security developments,” the Pentagon had announced.

Those were to have included Israel’s threatened riposte to a ballistic missile salvo by Iran last week. President Joe Biden has urged Israel not to attack Iran’s nuclear program or oil infrastructure, amid concerns either move could trigger a wider conflict that drags in Washington, pushes up energy prices and hits the global economy.

But hours before Gallant’s departure, the Israeli official said, Netanyahu decided the defense minister wouldn’t go unless the security cabinet first convened to agree on an Iran plan. Netanyahu also wanted to speak to Biden first, said the official, who requested anonymity given the sensitivity of the matter. Similar reports were carried by several Israeli media outlets. Netanyahu and Gallant spokespeople had no immediate comment.

Sabrina Singh, a Pentagon spokesperson, told reporters that Austin and Gallant are “in touch pretty frequently so a call could always be scheduled later today or later this week.”

Netanyahu has said Iran made “a big mistake” in firing the barrage of 200 ballistic missiles, which caused little damage, with one fatality in the West Bank, but hit some air bases and forced millions of Israelis into shelters. Amir Ohana, speaker of Israel’s parliament, told visiting European lawmakers that the retaliation would be “significant.”

Iran warned it would respond in turn with a more powerful assault. “We advise Israel not to test our will,” Iran’s Foreign Minister Abbas Araghchi said Tuesday in a speech in Tehran, ahead of a regional tour of countries including Saudi Arabia to boost efforts to reign in Israel’s military campaign in Lebanon.

US Central Intelligence Agency head William Burns said Monday there’s a “real danger of a further regional escalation” and the Israeli leadership is taking into account the White House’s concerns. Yet Netanyahu hasn’t shown a willingness to follow US advice in the various conflicts to date, ignoring calls from Washington for a cease-fire in Lebanon ahead of the assassination

of Hezbollah chief Hassan Nasrallah last month.

The US has similarly failed to broker a cease-fire between Israel and Hamas in Gaza after months of on-off talks.

The standoff between Israel and Iran—arch-foes in the region— comes as fighting escalates on multiple fronts a year after Hamas militants launched a deadly attack on southern Israel last Oct. 7, triggering the ongoing war in Gaza.

The Israel Defense Forces said Tuesday a fourth army division is being deployed into Lebanon a week after the start of a ground operation against Hezbollah, the most powerful of Tehran’s allied militias. Israeli jets have carried out a heavy bombardment of Beirut suburbs and other areas, and have eliminated most of Hezbollah’s leaders.

An Israeli military spokesman warned on X that Lebanese civilians should avoid the coastline south of the Awali River, about halfway between Beirut and the Israeli border, due to maritime operations against the militant group.

Hezbollah’s deputy chief Naim Qasem said that, while the group supports efforts to secure a ceasefire, it isn’t backing down.

“What’s been said by the enemy about our capabilities is an illusion,” he said in a televised address. “Our fighters are on the front, we’re solid.”

The IDF said about 135 projectiles were fired by Hezbollah from Lebanon into Israel on Tuesday, and TV footage showed rocket fire over Haifa. A municipality spokesperson

said the attack was the biggest so far on the country’s third-biggest city.

More than 1,500 people have been killed in Lebanon by Israel’s bombings in recent weeks and about one million have been displaced, according to local officials. The IDF says 10 soldiers have died in the campaign, which Netanyahu has said is essential to return displaced Israelis to their homes in northern communities.

Netanyahu also said Israel has degraded Hezbollah capabilities and killed thousands of its militants, including leader Hassan Nasrallah, his replacement and the replacement of his replacement, Israel said Monday it intercepted most of a barrage of rockets fired by Hamas toward Tel Aviv. Israel bombed a number of targets in Gaza on the same day.

The US and many of its allies consider Hamas and Hezbollah terrorist groups.

In a sign that opinion inside Israel is hardening, opposition leader Yair Lapid said the country should ignore US objections and strike oil facilities in Iran, an Opec member that exports 1.7 million barrels of crude a day.

“This is Iran’s Achilles’ heel, a blow to its economy—the Iranian economy is in a very precarious state,” Lapid, a former prime minister, told the public broadcaster Kan. The government should tell its US allies that “Israel has its own interests,” he said. With assistance from Arsalan Shahla, Dana Khraiche, Golnar Motevalli, Alisa Odenheimer and Katrina Manson /Bloomberg

IMF chief ‘cautiously optimistic’ Fund will ease penalty fees

By Kamil Kowalcze & Eric Martin

The head of the International Monetary Fund said she’s “cautiously optimistic” the institution’s board this week will revise its policy on so-called loan surcharges, the billions of dollars in extra fees some struggling nations must pay when borrowing from the fund.

The IMF should make the change because it’s the fund’s role to support countries in need, particularly as the world becomes more unstable and unpredictable, Managing Director Kristalina Georgieva said on the sidelines of a German central

bank event in Berlin on Tuesday. She added that the move would also demonstrate that the fund is strong enough and well equipped to manage without the extra revenue from the fees.

The board is expected to decide on

the issue during a meeting in Washington on Friday, according to people familiar with the matter. Options that have been discussed include cutting the size of the fee or raising the threshold before they kick in.

The surcharges apply to nations that borrow more than their allotted share or take longer to repay loans.

The Washington-based fund has long imposed the fees as a way to discourage its biggest borrowers from becoming too reliant on the crisis lender.

The fees have gone to filling the fund’s precautionary balances, the money on hand to protect against

possible losses. But the IMF already reached a $34 billion target for those balances ahead of schedule earlier this year, easing the need to continue collecting the fees.

The fees—which are estimated to total about $6 billion over five years—have been carried mainly by a handful of the IMF’s biggest borrowers including Argentina, Egypt, Ukraine and Ecuador, according to fund data compiled by the Center for Economic and Policy Research, a progressive think tank that supports surcharge relief. With assistance from Mark Schroers/Bloomberg

South China Sea, Myanmar on agenda as Blinken heads to Laos

By Ben Westcott, Lucille Liu & Josh Xiao

AUS delegation led by Secretary of State Antony Blinken will raise concerns with Asian leaders over growing South China Sea tensions and the civil war in Myanmar at a regional summit in Laos.

Blinken’s attendance at the Association of Southeast Asian Nations summit this week is one of his last opportunities to convey Washington’s regional interest in person ahead of the November presidential election in the US. Other leaders joining the summit include Chinese Premier Li Qiang, Indian Prime Minister Narendra Modi and Japan’s new Prime Minister Shigeru Ishiba.

“China’s continuing to take a number of escalatory and irresponsible steps designed to coerce and pressure many in the South China Sea,” Assistant Secretary for East Asian and

Chinese . . .

continued from A28

trillion yuan ($218 billion) on Tuesday, up 7.4 percent from the last trading session on September 30, according to data compiled by Bloomberg.

“China and Hong Kong markets are very volatile as investors, both foreign and domestic, are still rebalancing amid the stimulus and liquidity rush,” said Marvin Chen, a strategist at Bloomberg Intelligence. “Both onshore and offshore markets

Pacific Affairs Daniel Kritenbrink, said Tuesday in a preview of the trip.

“That will be a key issue.”

The summit comes after a string of violent encounters between Chinese ships and coastal Southeast Asian nations in disputed seas. Last week, Hanoi accused Chinese law enforcement of a “brutal” attack on one of its fishing vessels that resulted in injuries to 10 crewmen, including three that suffered broken bones.

Until the incident, such tactics have mostly been reserved for ships belonging to the Philippines, a US ally that under President Ferdinand

are trying to converge after the long holidays. There may be some profit taking onshore, while the Hong Kong market is rebounding from a large selloff yesterday.

Stock selection MORE measures may yet be coming from Beijing. The Ministry of Finance, which is typically tasked with issuing bonds to fund stimulus measures and additional spending, is expected to hold a briefing soon that could deliver the kind of stimulus that markets want to see. Banks

Marcos Jr. has become more vocal in pushing back against China’s vast maritime claims. Beijing maintains its actions are lawful.

Marcos is expected to deliver a keynote address at a parallel investment summit in Vientiane later on Wednesday. The summit will introduce new leaders including Thai Prime Minister Paetongtarn Shinawatra and Singapore’s Lawrence Wong, who took over from Lee Hsien Loong in May. A key focus for them and the region will be Myanmar, which has reportedly sent a representative for the first time since 2021.

The situation in Myanmar has deteriorated since the military led by Min Aung Hlaing overthrew the civilian government and detained its leaders in a coup back in 2021. Renewed civil conflict erupted across the country as a result, with various ethnic armed groups seizing swathes

including Morgan Stanley and HSBC Holdings Plc. expect 2 trillion yuan in stimulus, while Citigroup Inc. put the amount at 3 trillion yuan. While investors debate the fate of Chinese equities for the coming months, some global money managers are turning to selective stockpicking. Louis Lau, a fund

of territory, particularly in the north and west.

The losses for the junta have only worsened since October after an alliance of ethnic armed groups routed government forces from key areas along the border with China. Recent reports show the junta is on the verge of being expelled from the westernmost state bordering Bangladesh, raising questions over how long the generals can hold on to power.

Kritenbrink said the US will lobby support to press the junta to reduce violence and release political prisoners, while also seeking to increase humanitarian assistance and promote dialogue with the opposition.

“We have seen virtually zero progress on any of those priorities,” he said. “The junta has to take the steps required to end this crisis. They haven’t done that yet. We won’t stop until they do.” Bloomberg

A Refreshing Standard in Urban Living at Parklinks

AGLOBAL review of urban landscape planning reveals the growing importance of nature for human well-being. From home gardening to simply watching birds, people found solace and comfort in the natural world. Home-based nature activities like birdwatching, plant identification, and gardening provided a muchneeded mental health boost.

Similar to the importance of mental well-being, sustainable urban development is a pressing global concern. Communities worldwide are working to create resilient, environmentally friendly cities that thrive in harmony with nature.

Creating a Sustainable Urban Future

fares like C5, Amang Rodriguez Avenue, and Ortigas Avenue to ensure easy opportunities for commuting.

Parklinks complements its balanced lifestyle with lush green spaces, pedestrian-friendly pathways, sustainable infrastructure, as well as structures and amenities built around its most distinctive natural feature, which is a substantial portion of the Marikina River. With almost half of the development dedicated to parks and open spaces, future residents will enjoy immediate access to refreshing greenery, all linked to nurture an active lifestyle close to nature.

The scenic esplanade, river park terraces, running and bike trails, and lush riparian gardens will encourage the community to engage and appreciate this distinct environment. And at its centerpiece is a stunning 110-meter long and 25-meter-wide bridge that connects both sides of the river, symbolizing Parklinks' role in creating a sustainable urban future.

grams from toddlers to Grade 12.

A nother prominent establishment within the estate is Parklinks Mall, which is closely integrated to the community and provides daily conveniences and entertainment options. The mall will be situated along the estate’s C5 frontage and will be the community’s centerpiece for connection and convergence. It features the Central Plaza—a piazza-inspired convergence area that will house curated events.

Parklinks Mall will soon offer a convenient and exciting shopping and dining experience. The mall will also be a base for offices located on top, giving office workers and visitors access to commercial establishments with its variety of food, lifestyle and entertainment options.

Completing the master plan, Parklinks will create a nurturing living environment, while promoting progress and environmental stewardship.

W hile building a smart, green city of the future may be particularly challenging in traditional urban areas with deep-rooted practices, it can become a feasible goal with strategic planning, innovative technologies, and a focus on resource efficiency. In particular, Parklinks will set a new standard for city living in Metro Manila. Located right along the expansive C5 corridor, this exceptional estate will offer a refreshing city living experience within a highly strategic address. A joint venture between real estate giants Ayala Land and Eton Properties, Parklinks will bring the vision of a sustainable future closer to reality for Filipinos.

Rising along the thriving C5 corridor in Quezon City and Pasig City,

the 35-hectare Parklinks is poised to become a green and sustainable mixed-use urban estate at the heart of Metro Manila.

Nestled in Barangay Ugong at the crossroads of Quezon City and Pasig, Parklinks provides exceptional connectivity to the bustling business districts of Ortigas, Makati, and Bonifacio Global City. There’s even proximity to major thorough-

Parklinks also offers convenient access to prestigious colleges and universities like Saint Pedro Poveda College, University of Asia and the Pacific, Ateneo de Manila University, and University of the Philippines. The MIIS Parklinks Campus, in particular, is envisioned to be a state-of-the-art campus that will allow Filipino families to benefit from a globally competitive, progressive, and international education in Pasig City. Originally from Loyola Heights in Quezon City, MIIS was founded in 1996 to offer Filipino students the benefits of a world-class education that prepares them for a future as global citizens who excel in their chosen fields. The recent groundbreaking ceremony heralds the construction of this four-story state of-the-art campus designed by GFP Architects, to support the progressive school’s curriculum that offers pro -

The Lattice at Parklinks by Alveo Land Alveo, the Ayala Land brand known for redefining modern living, is one of the pioneering residential developers within Parklinks. With The Lattice, residents can easily enjoy the nearby Eco Center, a threehectare park featuring an open lawn, gardens, and a variety of retail options. This prime condominium address is a unique opportunity to invest in a sustainable future, all while enjoying a healthier and more fulfilling lifestyle.

Living in or near green spaces can truly offer a significant boost to one’s quality of life in the city. Beyond the physical health benefits, access to green urban spaces encourages more active and social lifestyles to enjoy and explore every day. With Parklinks, quality of life becomes a way of life.

Parklinks Bridge (Artist’s Perspective)

Parklinks Estate Overview (Artist’s Perspective)

Parklinks - Eco Center Arcaded Area (Artist’s Perspective)

The Lattice at Parklinks view from Eco Center (Artist’s Perspective)

Parklinks - Eco Terraces (Artist’s Perspective)

Parklinks Mall (Artist’s Perspective) Multiple Intelligence International School (Artist’s Perspective)

Brief

4. ZHANG, PING Project Coordinator

Brief Job Description: Plan, organize, and direct the activities of a construction project, under the direction of a general manager.

Basic Qualification: Bachelor’s degree in business or related field of study. Competent in Microsoft applications including Word, Excel, and Outlook. Knowledge of file management, transcription, and other administrative procedures or a related field. With good communication and interpersonal skills.

Salary Range: Php 30,000 - Php 59,999

3M SERVICE CENTER APAC, INC. 17th, 18th, 19th Floors, Bonifacio Stop Over Corporate Center, 31st Street Cor., 2nd Avenue, E-square Information Technology Park, Bgc, Fort Bonifacio, City Of Taguig

NGUYEN NU TRAN Y Asia Product Information Architect (Vietnamese)

Brief Job Description: Follows innovative processes regarding the information architecture, design, development and management of all product content, website, and application development efforts in the Asia region. Basic Qualification: Bachelor’s degree or equivalent. 3 or more years of experience in managing the development, maintenance, and/or programming of websites and other digital assets & programs (Hybris, Celum, SAP Luminar). Excellent analytical, written and verbal communication skills in English. Proficient in Vietnamese language.

Range: Php 60,000 - Php 89,999

12. ZHONG,

Brief

14. CHEN, YULING

15. JUNG, JONGMYUNG Business Development Specialist

Brief Job Description: Identifying, nurturing, and expanding business opportunities within Korean-speaking markets.

16.

Brief

17. GAN, GUO Customer Service Associate

Brief Job Description: Delivering exceptional customer support to Malayspeaking clients or customers.

- Php 59,999

Basic Qualification: Fluent and proficient in both spoken and written Malay language, supported with related experience.

Salary Range: Php

18.

Service Delivery Senior Specialist (Korean) Brief Job Description: Provides solutions and recommendations for inquiries related to HR related processes/procedures by utilizing solutions

49.

50.

51.

52.

53.

Brief

54. RASHPAL General Business Specialist

Brief Job Description: Identifying profitable business, negotiating and closing business deals.

Brief

88. LI, MINGXIA

Chinese Account Specialist

Brief

information, and documents.

89. LI, SHAOWEI

Chinese Account Specialist

Brief Job Description: Prepares work to be processes by gathering, sorting, organizing, and recording data, information, and documents.

LI, XUAN

Chinese Account Specialist

90.

Brief Job Description: Prepares work to be processed by gathering, sorting, organizing and recording data, information and documents.

91. LI, ZHILONG

Chinese Account Specialist

Brief Job Description: Prepares work to be processed by gathering, sorting, organizing and recording data, information and documents.

92. LIU, CONGJIE Chinese Account Specialist

Brief Job Description: Prepares work to be processes by gathering, sorting, organizing, and recording data, information, and documents.

93. LIU, NANNING

Chinese Account Specialist

Brief Job Description: Prepares work to be processes by gathering, sorting, organizing, and recording data, information, and documents.

94. LU, YUNHONG

Chinese Account Specialist

Brief Job Description: Prepares work to be processes by gathering, sorting, organizing, and recording data, information, and documents.

95. OUYANG, ZHIMING Chinese Account Specialist

Brief Job Description: Prepares work to be processes by gathering, sorting, organizing, and recording data, information, and documents.

96. QIAN, FENG Chinese Account Specialist

Brief Job Description: Prepares work to be processed by gathering, sorting, organizing and recording data, information and documents.

97. SHI, CHUNHU Chinese Account Specialist

Brief Job Description: Prepares work to be processed by gathering, sorting, organizing and recording data, information and documents.

98. SU, HUANGLIN Chinese Account Specialist

Brief Job Description: Prepares work to be processed by gathering, sorting, organizing and recording data, information and documents.

99. WANG, MINGQIANG Chinese Account Specialist

Brief Job Description: Prepares work to be processes by gathering, sorting, organizing, and recording data, information, and documents.

100. WANG, NANXIANG Chinese Account Specialist

Brief

101.

and

Qualification: Foreign language speaking.

Range: Php 60,000 - Php 89,999

133.

Brief

Bilingual

134.

Brief

135. WANG, JINDIAN Bilingual

Brief

136. WU, ZUNSHENG Bilingual Construction Marketing Consultant

Brief

137. ZHANG, FEI Bilingual Construction Marketing Consultant

Brief

138. ZHANG, QINYANG Bilingual Construction Marketing Consultant

Brief

ZHONG, SHILEI Bilingual Construction Marketing Consultant

139.

140.

141.

142.

Brief Job Description: Identifying client needs, surveying building areas and creating project budgets.

ZHU, JIANGUO Bilingual Construction Marketing Consultant

Brief Job Description: Identifying client needs, surveying building areas and creating project budgets.

ZHUANG, YINGJIE

Bilingual Construction Marketing Consultant

Brief Job Description: Identifying client needs, surveying building areas and creating project budgets. Basic Qualification:

RAIYANI, AKSHAY DINESHBHAI

Bilingual Construction Project Consultant

Brief Job Description: Assist with project management, cost, and schedule risk analysis. Basic

143. WANG, KEQUAN Bilingual Construction Project Consultant

Brief Job Description: Assist with project management, cost, and schedule risk analysis.

144. XU, ZAIXING Bilingual Construction Project Consultant

Brief Job Description: Assist with project management, cost,

Editor: Jennifer A. Ng

Topline IPO gets SEC nod

By VG Cabuag @villygc

The Securities and exchange Commission (SeC) has approved the initial public offering (IPO) of Cebu-based Top Line Business Development Corp. (Topline).

In its en banc meeting, the SEC approved the registration statement of Topline covering 3.68 billion common shares, which it will sell to the public at P0.78 apiece. The company aims to raise up to P2.87 billion.

The offer includes an additional 368.31 million in secondary shares as its over-allotment option.

The company expects to net up to P2.75 billion from the sale of the primary offer shares, which will be used for the construction of fuel depots and service stations, acquisition of fuel tankers and tank trucks, working capital, as well as for general corporate purposes.

Topline will not receive proceeds

from the exercise of the over-allotment option.

Based on the latest timeline submitted by Topline to the SEC, its IPO will run from November 6 to 12, in time for listing on the main board of the Philippine Stock Exchange on November 22.

The company tapped Investment and Capital Corp. of the Philippines and PNB Capital and Investment Corp. as the joint lead underwriters and joint bookrunners for the transaction.

Topline is a Cebu-based company that started commercial fuel trading operations in 2017, mainly in the Central Visayas region. It operates a

retail distribution network through a chain of fuel stations, Light Fuels.

“With our accelerating growth in recent years in the fuel sector of the Visayas region, we are poised for the company’s historic milestone of listing on the PSE,” said Erik Lim, Topline’s chairman, president and CEO.

The company’s first-half net income almost tripled to P60.6 million from P20.8 million.

First-half gross revenues expanded by 15 percent to P1.56 billion from last year’s P1.36 billion.

“Earnings from our commercial fuel trading boosted our sales in the first half with robust fuel demand in Metro Cebu and Cebu Province,”

Lim said.

Topline’s commercial fuel trading operations cater to customers with requirements of at least 4,000 liters per order in transportation, construction, shipping and mining, among others.

In terms of retail fuel under the Light Fuels brand, two new Light Fuels service stations opened in the previous months, which will bring the company’s total operating retail fuel stations to three.

“We are still set to meet our target of 10 operating service stations this year. Our expansion in the retail fuel market will further support our vertical integration plans, supporting Topline’s continued growth.”

Brown Madonna Press expands portfolio with new packaging solutions

Pr I NTIN g and publishing house Brown Madonna Press, Inc. (BMPI) is expanding into the packaging sector with the launch of its new line of high-quality kraft and corrugated boxes for businesses following the company’s recent investment in new, cutting-edge packaging machinery.

The new product line features carton and corrugated boxes in various sizes and configurations, ensuring perfect fits for diverse product needs.

Whether it’s securing shipments across long distances, preserving pharmaceutical products, or housing delicate electronics and textiles, these boxes deliver exceptional functionality. Not only can the boxes be configured into various styles, but customers can also customize the thickness and rigidity or flexibility of the box walls, ensuring optimal protection for each unique product.

Continued

Brown Madonna Press, Inc., acquires new Edge Printing Machine with Slotter and rotary Diecut.

Editor: Jennifer A. Ng

DoubleDragon aims to raise ₧30B from bond issuance

By VG Cabuag @villygc

The board of property developer DoubleDragon Corp. has approved the creation of a P30-billion multiyear shelf registration program, which it will offer in three or more tranches through 2026.

The company said it will initially offer P5 billion in retail bonds by the end of year.

“The name ‘Dragon Year-End Bonds’ is chosen due to the intended issuance schedule at the year-end of the Year of the Dragon 2024,” it said.

The company said the offering could become one of the last, if not the last, and only longterm retail bond offering available in the Philippines for this year at an estimated rate of 8 percent per year, with a 5- to 7-year tenor.

This was “possibly the very last chance that the public can park their funds in an 8-percent area rate issued by a triple A credit rated listed company with a diversified hard asset portfolio spread out in the Philippines and overseas,” the company said.

For the successive issuances, the company expects a yield of 7 percent next year and 6 percent for the 2026 float.

“The pipeline capital-raising issuances at this stage of DoubleDragon’s growth are intended to further boost its financial posi-

Meralco forges alliance with Doosan

ThE Manila Electric Co. (Meralco) has tapped Doosan Enerbility Co., Ltd. of South Korea to study, develop, and deploy low-carbon energy projects, including nuclear power, in the Philippines.

They recently signed a memorandum of understanding (MOU) to explore strategic collaborations that will focus on the potential deployment of nuclear power facilities in the country, including the rehabilitation of the Bataan Nuclear Power Plant (BNPP). They will also study the use of small modular reactors (SMRs).

To help reduce carbon emissions, Meralco and Doosan will work together on the possible deployment of greenhouse gas reduction equipment, such as ammonia co-firing technology, for ageing thermal power plants.

The MOU also covers the possible development and supply of gas turbine for combined cycle power projects of Meralco’s subsidiaries, with Doosan to serve as the engineering, procurement, and construction (EPC) contractor for these projects.

The partnership comes as the Philippines and South Korea agreed to conduct a feasibility study on the revival of the BNPP. The MOU between Meralco and Doosan was presented during the PhilippinesKorea Business Forum, which forms part of South Korean President, which forms part of the recent state visit of South Korean President Noon Suk Yeol in Manila.

“Our partnership with Meralco marks a significant milestone in advancing energy innovation and sustainability in the Philippines. By working together on transformative projects, this collaboration will contribute to the modernization of the country’s energy infrastructure and help ensure a stable and long-term supply of clean, reliable power.

We are committed to being a strong and dependable partner to the Philippine power sector, supporting its continued growth and development,” said Doosan Enerbility’s Vice Chairman Yeonin Jung. For Meralco’s part, chairman and CEO Manuel Pangilinan said the partnership with Doosan aligns with the utility firm’s pursuit to continuously explore innovative energy solutions.

“It has always been Meralco’s commitment to proactively support the Philippine government’s thrust to achieve energy security which is crucial to our national development.” Lenie Lectura

Additional gas plants to address PHL 'energy trilemma’—First Gen

FIRST Gen Corp. is targeting to build more gas plants in its bid to address the country’s “energy trilemma.”

First Gen Vice President Carlo Vega said the company’s renewable energy (RE) facilities and gas-fired power plants provide “proper balance” and “multi-faceted solutions” that address the “three legs” of the trilemma: energy security, energy equity or affordability, and environmental sustainability.

During the forum hosted by the Economic Journalists Association of the Philippines and Aboitiz Power Corp., Vega said providing solutions to the trilemma comes with its own challenges. he said there is a need to build more power plants to meet the country’s growing electricity requirements.

First Gen’s current gas plant capacity stands at 2,017 megawatts (MW). This will grow by 1,200MW more with its planned Santa Maria gas plant project in Batangas.

“We feel that this [or natural gas] is the solution because of two things: One, it is in fact, without a doubt the least-carbon-emitting fossil fuel source of power. Whether it’s 50 percent, 55 percent or 60 percent lower, it (emission of natural gas) is much lower than coal,” Vega said. The second factor working for natural gas is its flexibility.

“It (natural gas as fuel) is there to provide baseload, mid-merit and peaking power generation requirements. And that’s why we feel that, if we were to look at a transition fuel to bring us to where we want RE to be, then we should put more eggs in this basket, because there are a lot of eggs already in the other baskets.” Lenie Lectura

tion through further increasing its cash position,” the company said.

Since DoubleDragon debuted at the Philippine Stock Exchange in April 2014, majority of the series of capitalraising issuances were all deployed in building up its recurring revenue portfolio, which have reached 1.3 million square meters of completed gross floor area.

“But from 2025 onwards, these portfolio built in the past 10 years will already be all fully completed and fully built up and are expected to all start generating optimal revenues year on year, while requirements for further substantial capital expenditure will no longer be needed in the near term--all in line with the DoubleDragon’s

goal to become a tier-1 mature company by next year 2025.”

The company recently returned to the market with the issuance of a total of P10 billion in retail bonds, which were issued in the third quarter. The offer was oversubscribed with the oversubscription amount fully exercised.

CREC to hasten solar projects

By Lenie Lectura @llectura

CitiCore renewable energy Corp. (CreC) said on Wednesday it sought board approval for the advance release of the proceeds from its initial public offering (iPo) amounting to P1.2228 billion.

“The rationale for the early release of IPO proceeds is for CREC to ramp up its pipeline development for solar energy plants,” it said in a disclosure to the stock exchange.

The target release is within the

Rogelio

Tyear, after CREC is able to secure all necessary approvals and documentation requirements. The IPO proceeds will be mainly used for capital expenditure and pipeline development of solar

pants, as originally intended. “This is in line with the company’s 1GW (gigawatt) rollout per year,” added CREC.

CREC is targeting to add 1,000 megawatts (MW) of additional renewable energy (RE) portfolio every year to achieve its goal of having 5 GW of clean energy capacity in 5 years.

Last month, it said 13 of its RE projects have been certified as energy projects of national significance by the Department of Energy.

These 13 RE projects have a combined capacity of around 800 MW and are all lined up for completion starting this year up to 2026.

Of which, 430MW are ground mount solar and 362MW are on-

shore wind developments, located in 8 provinces: Pangasinan, Bataan, Pampanga, Batangas, Quezon, Camarines Sur, Iloilo, and Negros Occidental. These projects are currently under development.

Last August, CREC told the stock exchange that is net income in the first half inched up to P456.4 million from last year’s P455.2 million as revenues grew by 13 percent.

CREC’s revenues hit P2.09 billion on account of a 15-percent growth in electricity sales to P1.73 billion from P1.5 billion last year. The company also recorded a 6-percent improvement in earnings before interest, taxes, and depreciation (EBITDA) to P765 million from the previous year’s P723 million.

Singson to receive MAP award

h E Management Association of the Philippines (MAP) said Rogelio Singson, president and CEO of Metro Pacific Tollways Corp. and former Secretary of the Department of Public Works and h i ghways (DPW h ) has been selected as the recipient of the “MAP Management Person of the Year 2024” award.

The “MAP Management Person of the Year” is an award that the MAP grants to individuals in business or government, whether a member of the MAP or not, who have attained “unquestioned distinction” in the practice of management, and have made “valuable” contributions to the progress of the country and in “re-shaping”

national values,” the business organization explained in a statement on Wednesday.

MAP said the award is “bestowed on exceptional persons who have posted a record of achievement and distinction as leaders and managers of organizations, and who are exemplary models who deserve to be emulated by their peers and by

the younger leaders and managers.”

According to the business organization, the criteria for the award include integrity, leadership, and management qualities; contribution to nation-building and values formation; effective stewardship within the confines of the highest standard of business and management practice; among others. Andrea E. San Juan

‘AI can help schools deal with challenges’

HIGhER education as an industry is already facing “serious challenges” according to a provider of education technology to schools.

“Institutions around the world are grappling with issues like student retention, escalating costs, and changing student expectations. I firmly believe, when applied thoughtfully and ethically, AI can touch every aspect of the student experience for the better,” Bruce Dahlgren, Anthology Inc. CEO, said in an email interview. he said artificial intelligence (AI), when applied ethically, can also reduce teachers’ workloads by automating time-consuming tasks such as creation of learning modules. he said they have a customer in Cebu City that use features in Blackboard.

“One of the professors said, ‘What took me a semester to build previously…. I completed in 35 minutes with Blackboard AI Design Assistant’. That’s an incredible benefit to instructors that are asked to do more with less. An enormous time saver that will directly benefit students.” he said, however, as with every new and powerful technology comes risk and opportunity.

“Our goal is to help institutions

use AI ethically and responsibly to benefit students and institutional operations. Regardless of someone’s perception of AI in higher education—the reality is that it is here, and it is here to stay.”

In its recent survey, 3 in 10 of university leaders in the country see generative AI as unethical and should not be allowed in higher education.

Students, however, were optimistic about AI’s impact, citing increased student engagement and interactivity at 54 percent and expecting AI to help revolutionize teaching and learning methods at 52 percent.

Dahlgren said the company, is investing heavily in helping its clients with their approach to AI.

“We provide resources, like Anthology’s AI Policy Framework, available for free to all institutions, to help them develop AI policies and programs that are appropriate for their institution.

“In addition, we are about to launch a tour around the world to promote ethical AI use. We are visiting 25 cities—including in the Philippines—hosting education sessions to help institutions develop effective policies to support ethical AI use,” he said. VG Cabuag

Banking&Finance

Sec.

DOF’s dedication to nation-building for CEO Award

THE Department of Finance (DOF) announced that Secretary Ralph G. Recto has been chosen as this year’s Lifetime Contributor Awardee for the Public Sector—the highest recognition of the Asia CEO Awards—and has dedicated the prestigious accolade to the “DOF family” for its great teamwork and strong dedication to nation-building.

“This award is not mine alone. This belongs to the entire DOF family; because this is a product of our great teamwork. Ito po ay simbolo ng dedikasyon at walang-kapantay na serbisyo ng bawat empleyado ng DOF para sa bayan,” Recto said in his acceptance speech at the Asia CEO Awards on October 8. “Ngayong gabi, ako lamang po ay representative ng DOF family na tatanggap sa award na ito.”

Considered the largest event of its kind in Southeast Asia, the Asia CEO Awards honors the most successful companies and individuals in terms of excellence in business and impact on society. Recto was nominated and chosen by the Board of Judges as this year’s Lifetime Contributor Awardee for the Public Sector “due to his notable contributions to nation-building, particularly in promoting economic progress and sustainable development,” read the statement.

“The reason why we chose this technocrat, we wanted to make him a role model for all those aspiring to serve in high positions,” said Economist Dr. Bernardo M. Villegas who served as a member of the Board of Judges.

Villegas recognized Recto as the primary collaborator of President Ferdinand R. Marcos Jr. in keeping the country’s growth rate at 6% to 7% and even pushing it to 8 percent—the only way to combat poverty, the statement read.

He also commended the Finance Chief for his efforts to ensure the ease of doing business in the country in order to usher in investments-led growth.

In his acceptance speech, Recto recognized the business leaders and entrepreneurs as true pillars

THE PPS-PEPP Financial Services Corp., operator of ewallet solution PalawanPay, announced on October 9 that it has partnered with CleverTap Pte. Ltd. “to enhance customer engagement, drive personalization and fuel significant growth.

According to PPS-PEPP’s statement, it considers CleverTap’s solutions as “pivotal” in driving PalawanPay’s activations “by unifying customer profiles and reducing drop-offs.”

“These solutions accelerate transactions through personalized engagement and targeted promotions, maximizing user retention with automated reminders and realtime omnichannel optimization,”

PPS-PEPP’s statement read. “Additionally, they proactively engage at-risk users to minimize churn and encourage reinstallation.”

PPS-PEPP expects its deal with Singaporean firm CleverTap would

THE Bangko Sentral ng Pilipinas (BSP) announced that BSP Governor Eli M. Remolona Jr. and Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput led the BSP-BOT high-level bilateral meeting last Monday to exchange views and strengthen cooperation on various areas of central banking.

of the Philippine economy and assured them that the DOF is always ready to support their success.

“Dahil ang inyong tagumpay ay tagumpay ng bawat Pilipino at ng buong Pilipinas,” the Finance Chief said.

Under his leadership, Recto also committed that the DOF will continuously push ahead with reforms that will make doing business in the Philippines as seamless as possible.

He also underscored that the government is harnessing the country’s demographic sweet spot, managing inflation decisively, and providing a stable, predictable, and sustainable investment environment for businesses to flourish.

“In short, we are covering all fronts to make sure that you make more money to grow the economy, create more jobs, increase our people’s income, and lift more Filipinos out of poverty,” Recto said.

Past awardees in the public sector include former President Fidel V. Ramos, former Philippine Ambassador to the United States Jose L. Cuisia Jr., former Foreign Affairs Secretary Albert F. del Rosario Sr., former Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. and former Finance Secretary Cesar Antonio V. Purisima, among others. Together with Recto, Phinma Corp. Chairman and CEO Ramon R. Del Rosario Jr. received the award for the private sector category.

lead to doubling growth (2.2 times) in conversion rates for new users within a week of the first app launch, with previously unbanked individuals in the Philippines gaining access to digital currency.

The firm also expects a 7-times increase on monthly repeat transaction rate for highly engaged users, relying on PalawanPay for their monthly financial transactions as compared to less engaged users.

PPS-PEPP also expects the deal with CleverTap would lead to a 30-percent contribution margin on total transacted users, significantly contributing to PalawanPay’s overall transaction volume, “demonstrating their loyalty and trust in the platform.”

“Our mission is to transform financial services in the Philippines by integrating advanced technology with our extensive network,” PPSPEPP President and CEO Emiliano Librea III was quoted in the state-

Website for financial inclusion rolled out

By Reine Juvierre Alberto @reine_alberto

THE Financial Inclusion Steering Committee (FISC) launched last Wednesday a one-stop-shop website aimed to equip Filipinos with information and resources to become more financially included.

During the launch, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Bernadette Romulo-Puyat underscored the FISC’s goal of empowering all Filipinos to access financial services, such as savings, loans and insurance, to help them attain their life goals—owning a home, starting a business or saving for education and emergencies.

“Our FISC website, designed to be your one-stop shop and go-to resource for all things related to financial inclusion and financial health, will help us expand our initiatives by delivering vital information to all financial consumers, industry players and regulators, those who need it the most,” Puyat said in her speech.

Notable features of the website include a dedicated section as a central directory of resources for micro-sized, small and medium-sized enterprises (MSMEs) and

ment as saying. “Our collaboration with CleverTap has been instrumental in achieving our goals.”

According to Librea, “the ability to personalize user experiences and deliver targeted promotions has significantly increased our customer engagement and transaction rates.”

“This partnership not only enhances our offerings but also brings us closer to realizing our vision of becoming the leading money shop in the Philippines,” he added.

“Our focus is on empowering digital-first businesses to create meaningful customer experiences through personalized engagement and data-driven strategies,” CleverTap Southeast Asia Regional Head Marc-Antoine Hager said through the same statement. “By integrating our platform, PalawanPay has been able to forge deeper connections with users and address critical challenges around user retention and conversion.”

consumers.

Materials on financial education, government assistance programs and guides to registering businesses and accessing training and development assistance from agencies, such as the Department of Trade and Industry, can be found on the website.

Overseas Filipino workers may also access information about pre-departure process and other resources of the Commission on Filipinos Overseas and the Department of Migrant Workers.

Latest financial inclusion initiatives, reports and news can also be found in the Newsroom feature of the website as well as a blog section, which allows users to share personal stories about how financial inclusion has impacted their lives.

Further, new ordinances, latest issuances and reports on financial inclusion

are also provided on the website. BSP Governor and Chairman of the Monetary Board Eli M. Remolona Jr. highlighted that financial health is a newer aspiration beyond financial inclusion.

“It means you don’t have to have a bank account, but can still meet financial obligations, save and invest for the future, and bounce back in case of shocks,” Remolona said.

Meanwhile, Secretary Ivan John E. Uy of the Department of Information and Communications Technology said the FISC website is envisioned as a comprehensive information hub, providing strategic updates on the “National Strategy for Financial Inclusion 2022-2028,” while serving as a central resource for groups, initiatives, and collaborations among FISC working groups and member agencies.

“Through consistent collaboration, we can ensure that every Filipino gains meaningful access to resources, enabling them to achieve financial resilience and progress. This initiative is an integral part of our broader strategy to promote a dynamic environment for digital financial inclusion,” Uy said.

The FISC, composed of 22 government agencies chaired by the BSP, aims to promote inclusive digital finance, strengthen financial education and consumer protection, enhance access to risk protection and social safety nets and enhance agriculture and MSME financing ecosystem.

A statement from the BSP said that the officials from both central banks “discussed and shared insights on the role of central banks in capital market development, payment systems development and artificial intelligence (AI) use cases.”

protection; and AI use cases in monetary policy, along with measures in mitigating potential risks,” according to the BSP.

“Issues discussed include the role of central banks in the development of the capital market, its drivers and challenges; approaches in digital payments and measures for fraud prevention and consumer

“The BSP and BOT also explored potential collaborative activities moving forward, such as study visits and webinars, to further broaden and enhance their longstanding cooperation and bilateral ties,” read the statement from the country’s central bank.

FTX creditors emerge as possible fillip

CRYPTO exchange FTX’s creditors are set to receive more than $12 billion in coming months in a court-approved payout plan, raising the prospect that some of the cash could be plowed back into digital assets.

The bankrupt platform in June had $12.6 billion to return to customers, a figure that may reach $16.5 billion after all its assets are found and sold. Initial distributions of about $1.1 billion are relatively small but are set to support Bitcoin, Galaxy Digital Holdings Research Head Alex Thorn wrote in a note. Crypto traders are hunting for sources of volatility to shake Bitcoin and other tokens from a prolonged pe-

riod of torpor. A gauge of the top 100 coins is down 3 percent this month even though October is meant to be a seasonally strong period for digital assets, raising the prospect that a yearlong rally has run out of steam. The anticipated FTX payouts are “effectively giving liquidity to known crypto traders,” said Benjamin Celermajer, co-chief investment officer at Magnet Capital. “It’s very likely that we see some of this flow back into crypto, providing a potential price catalyst to liquidity-starved markets.” Repayments won’t occur immediately. FTX must first put together a trust and hire a company to oversee

the process of distributing the money. Galaxy said transfers to smaller creditors may start as soon as December, while larger ones will be addressed across the first half of next year. It said remaining claims may take as many as three years to resolve.

Research company K33 in a note estimated “latent demand from FTX reallocators” of $2.4 billion but cautioned about a “soft” potential impact on the crypto market as repayments are due in waves over the next year.

Demand for US Bitcoin exchangetraded funds helped push the token to a record high of almost $74,000 in March. Bloomberg News

Recto

BIR to upgrade eLounge facilities for tax payment

By Reine Juvierre Alberto @reine_alberto

INTERNAL Revenue Commission-

er Romeo D. Lumagui Jr. has ordered, via Revenue Memorandum Order (RMO) 39-2024, all Revenue District Offices (RDOs) of the Bureau of Internal Revenue (BIR) to upgrade their “eLounge” facility.

According to Lumagui, the RDOs must ensure that the required number of office equipment, such as desktop computers, printers and scanners and furniture are installed and functioning at all times. Sufficient office supplies should also be available at the eLounge, the BIR chief ordered.

RMO 39-2024 also ordered that least three personnel be assigned on a rotation basis to assist taxpayers with their use of the BIR’s electronic services and address other issues or concerns. Further, RDOs are also ordered to eliminate the use of manual logbooks and manual preparation of the Quarterly eLounge Utilization Report by automating the process.

Lumagui said that as the BIR continues to roll out more eServices to streamline tax compliance for tax-

payers, there is a need to improve its eLounges as demand for the use of eLounge also increased. He added he will “personally monitor” the eLounge of RDOs “to check if the same has been upgraded, and if revenuers have been deployed to help taxpayers availing of the eLounge facility.”

“The BIR commits to making tax compliance easier for taxpayers, whether they access our services onsite or online,” Lumagui said. The eLounge facilities in RDOs

are free to use by taxpayers who prefer to use the BIR eServices in the filing of applications for registration, filing of tax returns, submission of required reports and other tax-related transactions.

Through the eLounge facilities, taxpayers may access the BIR’s eServices such as: the online registration and update system; the new business registration portal; the electronic one-time transaction system; and, the electronic BIR forms and electronic filing and payment system, among others.

While the eLounge is open from 8:00 a.m. to 5:00 p.m., its facilities can be used beyond these hours depending on the taxpayers’ needs and approval of the respective RD Officer, “in consideration of the Ease of Doing Business and Efficient Government Service Delivery Act of 2018.”

The BIR’s eLounge was established nationwide through RMO 33-2021 to provide “excellent service” to taxpayers and make the filing of tax returns and payment of taxes hassle-free and convenient.

LandBank taps firms to channel loans

HE Land Bank of the Phil-

Tippines (Landbank) announced it has tapped Kita Agritech Corp. (Kita Agritech) and Tao Foods Co. Inc. (Tao Foods) as third-party entities to release loans to farmers.

The state-run firm explained that an agreement requires technology startup Kita Agritech and food producer Tao Foods to “provide necessary production, technical and marketing assistance to partner farmers and farmer organizations.”

According to Landbank, the 2-year old Kita Agritech will introduce a “digital trading post” that aims “to improve inventory management and reduce operational farming costs associated with natural disasters and calamities.”

The 29-year-old Tao Foods, meanwhile, will introduce the “Rice to Rise” program, which aims to

supply farmers with 100 percent locally-produced hybrid rice seeds that can potentially increase their yield.

For its part, LandBank will extend to eligible partners endorsed by the two companies the “Agrisenso” lending program. The latter, according to the state-run lender, provides “affordable financing to small farmers, agrarian reform beneficiaries (ARBs) and the whole agriculture value chain.”

“LandBank is focused on making impactful partnerships in ensuring that more farmers are empowered with the tools and resources needed for them to thrive, increase productivity, and contribute to national food security,” Landbank President and CEO Lynette V. Ortiz was quoted in a statement as saying. “Together, we are advancing modern agriculture

while driving sustainable growth and strengthening the country’s food supply chain.”

According to the LandBank, Kita Agritech is one of the fastestgrowing agritech startups in the Philippines that helps Filipino farmers become more sustainable by leveraging technology to optimize operations, reduce costs, and increase productivity.

Tao Foods, on the other hand, produces hybrid rice seeds and processed meat products, and focuses on sustainable farming and modern seed technology to enhance farmers’ profitability and ability to contribute to national food security.

LandBank launched the Agrisenso lending program this year and has supported 1,671 borrowers nationwide with a total of P264.9 million in approved loans as of end-August.

Cat-bond investors brace for major losses

INVESTORS in catastrophe bonds are girding themselves for substantial losses as the combined destructive force of Hurricanes Helene and Milton looks set to trigger payment clauses on a scale not seen in years.

Two weeks after Helene unleashed severe floods in more than a dozen states, Florida is bracing itself for the impact of Milton, which regained Category 5 strength on the five-step Saffir-Simpson scale. It’s expected to make landfall early on Thursday morning, pushing a wall of water onshore. Millions of people have already fled the coastline, including residents in the densely populated city of Tampa.

Even if Milton hits the Tampa metropolitan area as a weaker Category 4 hurricane, it “could lead to one of the biggest reinsurance loss events in history,” Florian Steiger, founder and chief executive of Icosa Investments AG, said in an interview.

Such a scenario would have the potential to exceed the fallout of Hurricane Ian in 2022, according to Steiger. Ian’s impact led to a 10% slump in the Swiss Re Catastrophe Bond Index back in September 2022, sending shockwaves through catastrophe-bond portfolios and feeding an issuance boom as insurers shifted more of the risk on their books over to the capital markets.

Tanja Wrosch, head of cat-bond portfolio management at Twelve Capital AG, says if Milton hits Tampa head-on as a major hurricane, catastrophe-bond losses “will be more significant than from Ian.” The Swiss asset manager has a $5 billion portfolio, including $3.8 billion of catastrophe bonds.

“A big component from Milton will be storm surge — flooding from the ocean,” she said.

Catastrophe bonds, or cat bonds as they’re known in the industry, are issued by insurers and reinsurers to provide financial protection against the most severe natural disasters. Investors who buy the bonds stand to make large gains if a predefined event doesn’t occur, but can lose a big chunk of their capital if it does. Those losses are used to cover insurance claims.

Potential cat-bond losses from Milton and Helene would mark a

stark turnaround for a debt market that last year underpinned the most profitable hedge fund strategy, according to an analysis provided by Preqin. The Swiss Re Global Cat Bond Index soared 20% in 2023, trouncing returns across other key debt markets. In 2022, Ian caused about $60 billion of insured losses. Milton may result in $60 billion to $75 billion of damages and losses, with some models showing the total reach as much as $150 billion, Chuck Watson, a disaster modeler at Enki Research, said in an X post.

How much cat-bond investors will be called on to pay to cover Milton’s impact depends on the scale of the damage. Florida Citizens, the state’s insurer of last resort, stands to collect about $500 million from one of its cat bonds, according to a person familiar with the issuance.

Cat-bond investors may also take a hit from the inland flooding caused by Hurricane Helene.

Moody’s RMS estimates that US private-market insured losses from Helene will be $8 billion to $14 billion.

“Helene was a one-in-a-thousand year rainfall event,” said Jonathan Schneyer, director of catastrophe response at CoreLogic Inc., a catastrophe-modeling firm in Irvine, California. “It shows the power of a hurricane further inland.”

Talk of a trigger event in the aftermath of Helene and Milton comes after cat-bond investors managed to dodge losses tied to Hurricane Beryl. Even though Jamaica was declared a disaster area after Beryl ripped through the Caribbean island three months ago, the catastrophe bond issued to protect the government didn’t trigger. That led to demands for a review of Jamaica’s catastrophe insurance framework, amid a wider discussion among a group of Caribbean nations calling for “an examination” of cat bonds and other insurance-linked securities. The securities are intended “for tail events,” Michael Bennett, head of derivatives and structured finance at the World Bank treasury, which helped arrange Jamaica’s bond, said in August.

In the case of Jamaica, Beryl very narrowly missed hitting the parameter that would have caused

the bond to pay out, Robert MuirWood, chief research officer in insurance solutions at Moody’s, said at the time. “It was a very close call.” This time, though, holders of cat bonds look to be facing a whole array of trigger events. Investors are exposed to losses tied to flooding from Helene through their holdings of cat bonds issued by the Federal Emergency Management Agency. In an emailed response to questions, FEMA said it had transferred $1.9 billion of flood risk to the private sector ahead of the 2024 hurricane season, with most of that landing in the cat-bond market.

FEMA said it’s “too early to make any projections” about the extent to which those bonds will trigger. As with other indemnity-style hurricane bonds, the calculation depends on actual losses suffered on the ground, which can take a long time to calculate.

“Usually, you have an initial estimate in a couple of weeks, but the speed of the payout is usually months to years,” depending on the complexity of the loss, said Rhodri Morris, head of insurance-linked securities analytics at Twelve Capital.

Investors in the $60 billion private market for insurance-linked securities may be facing an even greater risk of losses than cat-bond holders because ILS products have lower trigger thresholds. Meanwhile, there are signs that some cat-bond traders are starting to lose their nerve. On Monday, someone dumped a Florida cat bond for just 67 cents on the dollar, according to Twelve Capital. There’s currently a lot of “noise” in the cat-bond market, Wrosch said. “There have been some distressed trades.”

Though investors are in for a turbulent patch, the cat-bond market has a history of bouncing back. After Hurricane Ian triggered losses, investors started demanding meaningfully higher premiums to take on such risks. That development helped lead to record returns a year later, according to the Swiss Re index.

“Of course, any loss hurts,” said Steiger of Icosa. “But the pricing will skyrocket and the trajectory of expected future returns could outpace the short term loss.” Bloomberg News

This undated photo courtesy of the Land Bank of the Philippines shows Landbank President and CEO Lynette V. Ortiz (second from right) during a ceremonial signing of agreements with Kita Agritech Corp. represented by CEO Carlos Miguel s Concio (second from left). Joining as witnesses were Kita Agritech Vice President Rafael F. Anonas (leftmost) and Landbank Executive Vice President Ma. Celeste A. Burgos (rightmost). CREDIT: LanD Bank of ThE PhILIPPInEs

Banking&Finance

Biggest US banks face revenue pressure in new era of rate cuts

IG bank investors parsing through the industry’s thirdquarter results this week will face something they haven’t grappled with in nearly a half-decade: the impact of Federal Reserve rate cuts. JPMorgan Chase & Co. and Wells Fargo & Co. kick off the first bank earnings season since the Federal Reserve’s 50 basis point rate cut last month. All eyes will be on their forecasts for fullyear net interest income—the difference between what a bank collects on loans and pays out to depositors and their biggest revenue source—and any hints of what that metric will deliver in 2025. The largest US lenders have benefited for years from rising interest rates, which helped the four biggest banks post record net interest income last year. But for months, their leaders have warned that party may be coming to an end, with JPMorgan President Daniel Pinto telling analysts in September that they were being too optimistic in their NII projections for next year. Chief Executive Officer Jamie Dimon has long cautioned shareholders that the firm is “over-earning” amid tailwinds that wouldn’t last forever. For now, analysts expect the four largest banks to post almost $62 billion of net interest income in the third quarter, compared to $64 billion for the same period last year. Wells Fargo could have the sharpest drop with analysts predicting a 9 percent decline. At Citigroup Inc., it may fall by almost 4 percent and drop about 3 percent at Bank of America Corp. JPMorgan’s NII will also dip ever-so slightly, by less than 1 percent, according to the analyst predictions compiled by Bloomberg. There’s a “lingering” near-term

COMPANIES’ premiums for employees’ family health insurance increased at more than double the US inflation rate to over $25,000 in 2024 as costs of care rose, according to a study.

The average employer-sponsored health insurance premium for families jumped 7 percent to $25,572 this year, nonprofit health researcher KFF said Wednesday, compared with the overall US inflation rate of 3.2 percent. The 2024 increase matches the growth rate from the previous year, following a pandemic lull.

Costs for nearly 154 million people in the US who get coverage through their employers normally rise each year, but the growth this year weighs particularly on employers amid rising prices for other goods and services. While overall inflation appears to be slowing, it can take time for those trends to show up in health insurance premiums, according to the survey of more than 2,100 companies.

“Health-care prices are often set in

TRADERS are beginning to bet on losses in the US Treasury market as they adjust for a more gradual pace of Federal Reserve interest-rate cuts.

Since a resilient September jobs report late last week, bond traders have been abandoning long positions in the futures market as part of a broad unwind of bullish wagers that hinged on a series of big rate cuts this year and into early 2025. At the same time, wagers on losses for US bonds are starting to emerge. The move has led to the biggest outright short position in the cash market since February 2023, according to a survey of JPMorgan Chase & Co. Treasury clients. Yields on 10-year benchmark Treasuries were holding above 4 percent on Wednesday morning in London.

There’s an “appetite for new short risk ahead of this week’s inflation release,” Citigroup Inc. strategist David Bieber wrote in a note on Tuesday.

anxiety among investors over the revenue source in the shorter term—even if further rate cuts next year fire up borrowing by consumers and corporations, Piper Sandler’s R. Scott Siefers wrote in a note. Still, any reductions in NII expectations outlined by banks for this year at least will likely be small, as falling deposit costs help counter tepid loan growth, he said.

“The fear is that lower rates could mean a step back before we march forward,” Siefers said. “We definitely sense some nervousness regarding NII trends” in the second half, he said. Ultimately, the new era of rate cuts should offer banks a boost down the road as they start to fuel more economic activity. That may also help hasten the end of a protracted deal slump as companies seize on the cheaper financing to fund mergers.

“Lower rates should be stimulative for economic growth, loan demand, and M&A and other IB activity,” Jim Mitchell of Seaport Research Partners wrote. “These factors should also result in lower credit risk—better economy, lower borrowing costs—as well as potentially driving improved deposit growth—mix,” he wrote.

Still, it may take time for this story to play out, according to Mitchell. And some banks have already tempered expectations on the investment banking front. Bank of America CEO Brian Moynihan said last month that revenue from that business will be about $1.2 billion in the third quarter, roughly flat compared to the same period last year.

Citigroup Chief Financial Officer Mark Mason said in September that investment-banking fees for the third quarter will probably be up about 20 percent compared to the previous year—

which is below the average estimate among analysts in a Bloomberg survey.

At JPMorgan, investment banking fees are expected to jump almost 18 percent to just over $2 billion compared to the prior year, fueled by about a 40 percent increase in equity underwriting fees. Still, that haul remains well below the bank’s tally of more than $3.5 billion during the covid peak.

“We’re on the cusp of a pickup in investment banking,” said Evercore ISI analyst Glenn Schorr. “We’re seeing activity percolate and think there are real reasons for optimism.”

When it comes to trading, the revenue tally for the third quarter for Morgan Stanley, Goldman Sachs, Bank of America, JPMorgan and Citigroup is expected to drop slightly—with the biggest decline at Goldman Sachs. The bank already signaled a note of caution to investors in September, when Chief Executive Officer David Solomon said the firm’s trading unit was on track to drop 10 percent from the prior year.

Questions on credit quality will also be high on the list, with analysts anticipating slower increases in credit losses helped by a robust economy. Capital rules will also be key as investors seek banks’ reactions to the Fed’s revamped proposals known as Basel III Endgame.

Those changes would roughly slice in half the 19 percent capital hike proposed by US regulators last year. With the expectation of smaller capital hikes, banks may go on the offensive with share buybacks and dividends.

“More color on excess capital distribution plans might come, although most banks likely wait until the Basel Endgame reproposal is released,” Morgan Stanley analyst Betsy Graseck said in a note. Bloomberg News

Dollar set for longest run of gains since 2022 as Fed bets fade

THE dollar is on track for its longest run in more than two years as US economic resilience forces traders to rethink their bets for Federal Reserve interest-rate cuts.

The Bloomberg Dollar Spot Index advanced for an eighth straight day on Wednesday, set for its most protracted winning streak since April 2022. It’s up almost 2 percent in that period.

The dollar has surged as traders erased bets on another half-point cut from the Fed in the wake of last week’s surprisingly strong US jobs report. Traders have been repeatedly forced to reconsider the outlook for US monetary policy this year, as data points to a robust economy even as inflation slows.

“‘Resilient’ is a word that we use a lot to describe the health of the US economy. It’s difficult to argue against,” said Erik Wytenus, head of investment strategy at JPMorgan Private Bank EMEA, in an interview

with Bloomberg TV. This is driving a preference for US assets, he added.

The dollar advanced against most G-10 currencies on Wednesday, with the New Zealand dollar tumbling as the nation’s central bank cut interest rates by half a percentage point, stepping up the pace of easing.

In the US, money markets implied about 48 basis points of Fed rate cuts by the end of the year, down from nearly 70 basis points at the start of the month. A quarter-point cut in November that until recently was seen as certain is now given a chance of about 80 percent.

Traders are now looking ahead to the minutes of the last Fed meeting, due later on the day, and an inflation report on Thursday. US consumer prices are forecast to have risen 2.3 per-

advance, and there is a lag in how long it takes higher prices to filter through to premiums,” said Matthew Rae, associate director of KFF’s Health Care Marketplace Program and a co-author of the annual survey. “While inflation is lower this year, the growth in premiums we are seeing may still be reflecting the higher prices we saw in 2022 and 2023.”

Weight-loss drugs COMPANIES are increasingly aware of workers’ desire for coverage of new weight-loss drugs from Eli Lilly & Co. and Novo Nordisk A/S. About 44 percent of all large employers said that covering the drugs will be important or very important to employee satisfaction, the survey reported. However, only about one in five employers with at least 200 workers that offer health benefits said they now cover such drugs for weight loss. The drugs’ cost roughly $1,000 a month, weighing on premiums. A third of large companies offering the thera-

The fresh short positions are being formed ahead of Thursday’s key inflation data, which could further upend traders’ wagers on monetary policy after last week’s jobs data raised the specter of price pressures once again. While the latest consumer price index read is expected to show further deceleration, any above-expectations print could jump-start a greater shift into short positions.

Fed swaps are currently pricing in approximately 21 basis points of rate cut premium into the Nov. 7 policy meeting and a combined 50 basis points of rate cuts over the two remaining meetings this year. Prior to the payrolls number, around 66 basis points of combined cuts were priced by the December meeting. The recalibration is stark, particularly in the futures market. Open interest, or the number of positions held by traders, has plunged across contracts linked to the Secured

pies said they will have a significant impact on prescription drug spending. About two-thirds of employers said they’re not likely to begin covering the medications in the next 12 months.

“I think what we’re seeing is that employers are still figuring it out and that at least this year,” coverage of the drugs will be relatively modest, Rae said.

Lightening the burden

WORKERS contribute an average of $6,296 a year for family coverage, about a quarter of annual premiums, according to KFF’s survey. That hasn’t risen as much as premiums have: Over the past five years, the amount families contribute has only gone up 5 percent.

“In the last couple years we’ve seen sort of such a tight job market that employers have been reticent to do things that make their coverage less attractive,” Rae said. “If you’re an employer and you’re trying to recruit, retain the best employees, then this is a really important part of your compensation strategy.” Bloomberg News

Overnight Financing Rate in the days since the employment report.

In the December 2024 tenor, the two-day position reduction has amounted to approximately 223,000 contracts, equivalent to $5.6 million per basis point in risk, CME data released Tuesday shows. Over that time the contract has sold off sharply, signaling a wipe out of bullish bets as traders re-priced the central bank’s policy path for this year to account for less aggressive easing.

Long positions are also vanishing in the cash market. The latest JPMorgan Treasury client survey showed that traders were net short last week for the first time since April 2023. Meanwhile, in the SOFR options market, new positions since Friday’s payrolls have been skewed toward hedges targeting even more gradual easing—a quarter point in November and then a pause in December. Bloomberg News

SMX Convention

Center is named TTG MICE Awards’ ‘Best Convention Center – Philippines’

SMX Convention Center, the largest operator of convention centers in the Philippines, has secured three additional major awards this year, reaffirming its position as a leader in the country’s Meetings, Incentives, Conventions, and Exhibitions (MICE) industry.

SMX was named Best Local Convention Centre 2024 - Philippines by APAC Insider’s South East Asia Business Review, Best Convention Center - Philippines at the World MICE Awards, and earned the highly regarded Best Convention & Exhibition Center –Philippines title at the 33rd TTG Travel Awards.

These accolades are proof of SMX’s commitment to excellence and its reputation for delivering first-rate event experiences. The 33rd Annual TTG Travel Awards, in particular, highlights the center’s recognition among travel consultants, tour operators and destination management companies only, underscoring SMX’s leadership in the region. As the only convention center in the country to receive such honors, SMX continues to set the standard for its industry.

With eight branches across key locations in the Philippines—including Clark, Olongapo, Bacolod, Cebu, Davao, Megatrade Hall in Ortigas, and SMX Aura at SM Aura Premier— SMX consistently delivers unmatched versatility and convenience. The center

actively supports the government’s efforts to boost tourism, particularly through the development of the MICE sector, which is vital to enhancing the Philippines’ global presence in business tourism.

Future growth plans include new venues, notably a larger facility in Cebu that will surpass the size of SMX Manila. This expansion underscores SMX’s longterm commitment to strengthening the Philippines’ standing in the global MICE arena.

“These awards reflect our focus on service excellence and our efforts to continuously push industry boundaries,” said Michael Albaña, Vice President -

General Manager at SMX Convention Center. “As the largest convention center operator in the country, we’re proud to help drive the MICE sector forward while delivering exceptional experiences for our clients. We remain committed to innovation, growth, and maintaining our leadership in the market.”

Looking ahead, SMX Convention Center continues to innovate and evolve, ensuring that it remains the premier destination for both large-scale conventions and intimate events, while contributing to the Philippines’ efforts to establish a stronger presence in the global MICE industry.

Celebrating Brotherhood, Philanthropy: The 17th Annual Reggie Padua Cup

NDER the sun-drenched skies

Uof Camp Aguinaldo Golf Course, nearly 100 participants gathered for the 17th Annual Reggie Padua Cup, a day filled with camaraderie, competition, and a commitment to philanthropy. Organized by UP TAI and expertly managed by SOCEX Consulting Corp., this year’s tournament raised vital funds for the National Children’s Hospital, showcasing the profound strength of community bonds and the joy that comes from uniting for a noble cause. The event was more than just a golf tournament; it was a vibrant celebration of friendship and generosity. As golfers teed off, the atmosphere buzzed with excitement, each swing echoing the underlying message that

true brotherhood thrives in connection and support. Participants celebrated not only their love for the game but also their dedication to making a positive impact in the lives of others.

Adding an extra layer of thrill to the day, two brand new cars and a premium Cobra golf set were up for grabs in the highly anticipated hole-in-one challenge. While none claimed these impressive prizes this year, the excitement was palpable as participants came close to driving home in style. The day’s spirit remained undeterred, with over 100 raffle prizes ensuring that everyone left with smiles and a sense of accomplishment. As the sun began to set, participants took a moment to reflect on their shared experiences. The laughter and stories

exchanged on the greens created lasting memories, a testament to the enduring legacy of Reggie Padua. This year’s tournament held special significance as it coincided with the 56th anniversary of the Tau Gamma Philippines, making the event a moving reminder of the power of community and compassion in action.

The 17th Annual Reggie Padua Cup was not just a golf tournament; it was a heartfelt gathering that celebrated the spirit of giving back and the bonds of brotherhood that continue to grow within the community. Participants left not only with prizes and trophies but with a renewed sense of purpose, knowing they played a part in supporting the National Children’s Hospital and honoring the legacy of a beloved figure in their midst.

Ligo celebrates 70 Years of Excellence

IF you ask Filipinos to name a brand of sardines, it will not be surprising to hear them say, “Ligo.”

The year 2024 marks a milestone for the Ligo brand, first introduced in the Philippines in 1954, as it celebrates its 70th anniversary. Today, the brand continues to be enjoyed in millions of households nationwide. Ligo is on top of their minds and at the tip of their tongues.

“Si Ligo, nakalakihan ko na ‘yan. Sinasabi natin, ‘Bumili ka ng Ligo!’ Pero sardinas ang ibig sabihin natin.” - Sardines user

Being a longtime Ligo fan himself, renowned actor and Ligo endorser, Joshua Garcia, attests to this, “Bilang consumer since childhood and now an endorser, I highly recommend Ligo not only because it’s so quick and easy to prepare – from gisa, to mixing it with sotanghon, to turning it into a torta, to the large variety of flavors that they have in store for us.”

Driven by a commitment to provide high quality, nutritious, and affordable meals to Filipino families, Ligo has since earned the trust and loyalty of many generations from small barrios to big cities. Ligo’s familiar and delicious taste makes it a pantry staple and is considered comfort food by many.

“Sardinas ng bayan. Quality brand at established na.” - Sardines consumer

“Consistency over the years in terms of the quality ng isda.” - Ligo user

To this day, Ligo remains committed to its product quality. Only big fish pass a stringent quality control system and selection process to ensure consistency in size and adherence to parameters. Made from 100 percent real tomatoes, its signature tomato sauce is just as well-loved and enjoyed for its rich, natural flavor and color.

“Maraming laman at siksik sa laman. Hindi durog-durog. Malaki ang isda.” - Rated 5/5 by @ dalton.razalan

“No wonder marami ang may mas gusto ng Ligo dahil masarap ang sauce. No need to add seasoning…” - Rated 5/5 by @levitamendiola

While Ligo’s flagship variants, Sardines in Tomato Sauce and Sardines in Tomato Sauce

Chili Added, are thriving, adding variety to the consumers’ canned seafood repertoire aims to bring more excitement to the dining table.

Ligo Sardines Gata Style is a refreshing new combination of sardines and coconut milk – mildly spicy and delightfully savory. Ligo Sardines Spanish Style has that classic mix of aromatic herbs and spices.

Ligo Sardines with Sriracha brings in that distinctly Asian bold and tangy kick. Beyond sardines, there’s Ligo Mackerel in Natural Oil, deliciously chunky and filling, and the ideal fish for Sotanghon and Teriyaki. Next comes Ligo Squid in Natural Ink, a popular ulam favorite now made accessible and affordable by Ligo. Ligo Squid sure comes handy in preparing Squid Adobo and Squid Chopsuey. Foodies from the Facebook community Let’s Eat Pare are raving about Ligo Squid:

“I never imagined na magkakasya yung ganito kalaking squid sa maliit na can!

Ang tender ng meat! Simple pero PATOK!”

“I’ve always been curious about canned squid sardines lang kasi talaga binibili ko sa Ligo. Full sized squid rings pala sila, and the small can is packed with it!”

Celebrating 70 years, this brand continues to give consumers more and more delicious reasons to choose Ligo with its quality and taste: big fish in delectable sauce with exciting flavors and an expanded seafood selection. Ligo is more than just a brand of canned food; it is a trusted source of quality nourishment and sustenance. Committed to excellence, Ligo promises to serve future generations with the same dedication to quality and taste.

President and Head of Corporate Communications Joe R. Zaldarriaga imparted his knowledge on brand reputation management during a seminar organized by The Anvil Business Club, an association of young Filipino Chinese businessmen and professionals. In his talk on “The Boiling Point: Managing a PR Crisis” on October 1, 2024, the veteran communicator highlighted

importance of

for better management of company reputation. “With the rise of online engagement, brands have

increasingly vulnerable to public backlash and negative sentiment. A single misstep can spiral into a full-blown crisis. Hence, business owners and communicators alike really need to be more proactive, strategic, and empathetic in today’s environment,” Zaldarriaga said. With more than three decades of experience in the field of communications, Zaldarriaga has become a household name when it comes to public relations and crisis communication. For more information, customers may visit Meralco’s website at www.meralco.com.ph or its social media accounts on Facebook (www.facebook.com/meralco) and X (@meralco).

Sogo Cares: Bridging Gaps to Build Better Communities

SOGO Cares started with a simple yet noble vision. With Sogo Cares, Hotel Sogo proves that it is more than just a hotel establishment but a shelter for people who need care.

Since its establishment as HOTEL SOGO’s Corporate Social Responsibility (CSR) initiative, Sogo Cares has brought positive impact to thousands of Filipinos by providing programs that help them get through difficult times. Expect Sogo Cares to be present whether it be in urban or rural areas, reaching communities in dire need of assistance.

One of the unique features of Sogo Cares is its holistic approach to community service. Sogo Cares has broadened its program offerings to address the specific needs of various communities.

The DOW (Doctors-On-Wheel) targets those needed in medical care. This program organizes medical missions that provide free medical consultations, laboratory examinations, and medicines. Calamity stricken families are provided with immediate assistance through its relief operations. The youth sector is given hope to fulfill their dreams and rise from poverty through the Balik-Eskwela program.

Sogo Cares transcends mere philanthropy.

It is about building better communities. Through the collaboration with different groups such as local non-profits schools, healthcare providers, and community centers, Sogo Cares expands its reach even to the most remote areas in the country, ensuring improved living conditions for the people it touches base with.

Sogo Cares is relentless in its pursuit to serve and launch more programs to further its humanitarian causes towards ultimately and simply, making lives better

To know more about Sogo Cares, like and follow us on Facebook (facebook.com/ sogocares) and visit its website at https:// hotelsogo.com/SogoCare.ph

Editor: Angel R. Calso

Hurricane Milton bears down on Florida’s Tampa area with house-demolishing winds

By Brian K. Sullivan

HURRICANE Milton

churned toward Florida’s west coast with winds powerful enough to demolish houses, threatening to unleash once-in-a-century flooding across some of the state’s fastest-growing counties.

Milton’s top winds dropped slightly to 155 miles (250 kilometers) per hour, making it a Category 4 on the five-step SaffirSimpson scale. It’s forecast to raise the ocean water in Tampa Bay by as much as 15 feet, inundating cities and towns.

Tracking Hurricane Milton’s latest path THE storm will also bring torrential rain, with some areas getting 18 inches, the US National Hurricane Center said in an advisory at 8 a.m. New York time. Power outages lasting days or weeks are expected. “For this area of Florida—

Tampa Bay, Sarasota, Bradenton—this is probably the worst storm even long-time residents of that area have ever seen,” said Dan Pydynowski, a meteorologist at commercial forecaster AccuWeather Inc.

Milton is likely to make landfall late Wednesday or early Thursday at Category 4 just under that threshold, according to AccuWeather. There’s a chance it will strike just south of Tampa Bay, which could lead to winds pushing water west into St. Petersburg, a phenomenon that happened in 2022 when Hurricane Ian struck further south along the coast. Damages and losses are likely to range from $60 billion to $75 billion, a “major catastrophe,” for the region, said Chuck Watson, a disaster modeler for Enki Research.

Milton will come ashore two weeks after Helene struck Florida farther north on the west coast, triggering flooding across the US South that has killed at least 230 people. Like Ian, which

killed more than 150 people two years ago, Milton earlier reached Category 5 strength and is forecast to diminish slightly before landfall.

If Milton makes landfall even as a Category 3, the storm surge could threaten as many as 500,000 residential properties in the Tampa Bay and Sarasota areas, with a reconstruction cost of $123 billion, according to estimates from property data firm CoreLogic. If Milton arrives as a Category 4, 700,000 homes with a cost of $174 billion could be at risk, CoreLogic said. Those estimates reflect high home values in the Tampa region, as well as its sizable population.

While Milton’s top winds may fall a bit before landfall, it will hold onto its surge as it comes ashore. This occurred with catastrophic storms including Hurricane Katrina in 2005 and Ike in 2008. A storm’s category on the Saffir-Simpson scale isn’t a true predictor of its destructive power.

Residents have begun to flee

the coastline, including Tampa, and social media showed scenes of bumper-to-bumper traffic on highways. Officials warned against trying to ride out the storm.

Meanwhile, so many people took to the skies to evacuate that United Airlines Holdings Inc. flights out of Tampa, Orlando, Fort Myers and Sarasota were fully booked through Thursday, the carrier said in a statement.

As of 8:20 a.m. New York time, 4,086 flights across the US have been canceled for Wednesday and Thursday, according to FlightAware, an airline tracking service.

To help residents flee by land, Governor Ron DeSantis said roadway tolls have been suspended and shoulders will be used as travel lanes to help people leave.

“Looking at how big this storm is, there’s going to be significant damage in different parts of Florida,” DeSantis said at a news conference Tuesday. In addition to the damage caused by wind

and flooding, widespread power outages are likely, said DeSantis, who has declared an emergency in 51 counties. In addition to fluctuations in its winds, Milton is forecast to spread out in size, bringing devastation to a wider area.

“Milton has the potential to be one of the most destructive hurricanes on record for westCentral Florida,” said Richard Pasch, a meteorologist at the US hurricane center.

As Milton draws closer, the highest wind gusts are expected to extend well inland to near Orlando and encompass roughly the northern two-thirds of the citrus belt, according to Commodity Weather Group. In addition to Milton, the hurricane center is now watching an area of low pressure off Florida’s east coast that has a 40 percent chance of becoming a tropical cyclone in the next two days. With assistance from Lauren Rosenthal, Mary Hui, Mary Schlangenstein, Ari Natter and Ilena Peng/Bloomberg

Hezbollah steps up rocket fire as Israeli military sends more troops into Lebanon

By Bassem Mroue & Tia Goldenberg The Associated Press

BEIRUT—Hezbollah fired another barrage of rockets into Israel on Tuesday, and the militant group’s acting leader vowed to keep up pressure that has forced tens of thousands of Israelis from their homes near the Lebanese border. The Israeli military said it sent more ground troops into southern Lebanon and that a senior Hezbollah commander was killed in an airstrike.

Dozens of rockets fired by Hezbollah were aimed as far south as Haifa, and the Israeli government warned residents north of the coastal city to limit activities, prompting the closure of more schools. The Israeli military said Hezbollah launched about 180

rockets across the border.

Sheikh Naim Kassem, Hezbollah’s acting leader, said its military capabilities remain intact after weeks of heavy Israeli airstrikes across large parts of Lebanon, and attacks that killed its top commanders in a matter of days. He

said Israeli forces have not been able to advance since launching a ground incursion into Lebanon last week.

Kassem, speaking by video from an undisclosed location, said Hezbollah will name a new leader to succeed longtime leader Hassan Nasrallah, “but the circumstances are difficult because of the war.”

In a statement addressed to the people of Lebanon, Israeli Prime Minister Benjamin Netanyahu called Hezbollah “weaker than it has been for many, many years.” He added: “We took out thousands of terrorists, including Nasrallah himself, and Nasrallah’s replacement, and the replacement of his replacement,” but without naming them.

Nasrallah was killed in an Israeli airstrike in Beirut last month.

Hashem Safieddine, a cousin of Nasrallah who oversees the group’s political affairs, was generally regarded as the heir apparent. But no announcement has been made on a successor, and Safieddine has not appeared in public or made any public statements since Nasrallah’s death.

Rear Adm. Daniel Hagari, an Israeli military spokesman, said Tuesday night that Israel was still checking the status of Safieddine, and accused Hezbollah of trying to hide details of a recent strike in Beirut on a location where he was believed to have been.

The Israeli military said it has dismantled militant infrastructure along the border and killed hundreds of Hezbollah fighters.

There was no way to confirm battlefield claims made by either side.

The Israeli military said it deployed a fourth division in southern Lebanon and that operations have expanded to the west, but its focus still appears to be a narrow strip along the border.

A day after marking a year of war in Gaza, Israeli forces fought heavy battles Tuesday with Palestinian militants in the north, where residents have been ordered to evacuate.

Hezbollah stresses support for Palestinians in Gaza

Hezbollah’s acting leader said Hezbollah backs efforts by Lebanon’s Parliament Speaker Nabih Berri to reach a cease-fire. Berri, a close ally of Hezbollah, has been seen as the main interlocutor between the militant group and the United States, and has been trying to broker a cease-fire.

In a follow-up to Kassem’s speech, the group issued a statement saying it will “not abandon our support and backing for our steadfast Palestinian people in the Gaza Strip.”

The statement came in apparent response to reports that interpreted Kassem’s speech as suggesting the group would agree to a cease-fire in Lebanon without a cease-fire in Gaza, contrary to Hezbollah’s public stance that the two fronts are linked.

Hezbollah began firing rockets into northern Israel the day after Hamas’ surprise attack into Israel on October 7, 2023 ignited the war in Gaza. Hezbollah and Hamas are both allied with Iran. Most rockets have been intercepted or fallen in open areas.

The Israeli army on Tuesday said about 180 rockets were launched from Lebanon toward northern Israel, with most intercepted. A 70-year-old woman was wounded by shrapnel, and Israeli media aired footage of what appeared to be minor damage to buildings near Haifa.

The military said late Tuesday that Israeli strikes over the past 24 hours had killed 50 Hezbollah fighters, including six whom it described as senior commanders.

Israel says it will keep fighting until tens of thousands of displaced Israeli citizens can return to their homes in the north.

More than 1,300 people have been killed in Lebanon and over a million displaced since the fighting escalated in mid-September.

Israel’s response to Iran’s missile barrage

Last week, Iran launched its own barrage of some 180 ballistic missiles at Israel, in what it said was a response to the killing of Nasrallah, along with an Iranian general who was with him at the time, and Ismail Haniyeh, the top leader of Hamas killed in an explosion in Tehran in July.

Israel has vowed to respond to the missile attack, without saying when or how.

Israeli Defense Minister Yoav Gallant was to meet in Washington with US Defense Secretary Lloyd Austin, but Pentagon spokesperson Sabrina Singh said Tuesday the meeting, expected for the following day, had been postponed. Asked for the reason, she referred reporters to Israeli officials. Netanyahu’s office had no immediate comment.

The Biden administration says it is opposed to an Israeli attack on Iran’s nuclear facilities, which could further escalate regional tensions.

Heavy fighting and evacuation orders in Gaza

Heavy fighting raged in northern Gaza, the first target of Israel’s ground offensive in the war. Entire neighborhoods have been reduced to rubble, and Israeli troops have largely isolated the region—which includes Gaza City—since last Oc -

Gaza Health Ministry: Palestinian death toll from Israel-Hamas war has passed 42,000

By Samy Magdy & Wafaa Shurafa Associated Press

DEIR AL-BALAH, Gaza Strip—Gaza’s Health Ministry says the Palestinian death toll from the war in Gaza has passed 42,000.

The ministry does not differentiate between fighters and civilians in its count, but has said women and children make up more than half of those killed.

It said Wednesday that 42,010 Palestinians have been killed and 97,720 wounded since the start of the war, which was ignited by Hamas’ October 7, 2023 attack into Israel.

A large-scale Israeli operation in northern Gaza has killed and wounded dozens of people and threatens to shut down three hospitals over a year into the war with Hamas, Palestinian officials and residents said Wednesday.

Heavy fighting is underway in Jabaliya, where Israeli forces carried out several major operations over the course of the war and then returned as militants regroup. The entire north, including Gaza City, has suffered heavy destruction and has been largely isolated by Israeli forces since late last year.

The continuing cycle of destruction and death in Gaza, unleashed by Hamas’ October 7, 2023, attack on southern Israel, offers a cautionary tale as Israel expands a week-old ground offensive against Hezbollah in Lebanon

and considers a major retaliatory strike on Iran.

Residents of Jabaliya, a refugee camp dating back to the 1948 war surrounding Israel’s creation, say heavy airstrikes and evacuation warnings have driven hundreds of people from their homes. An airstrike early Wednesday killed at least nine people, including two women and two children, according to the Al-Ahly Hospital, which received the bodies.

Strikes in central Gaza killed another nine people, including three children, according to the Al-Aqsa Martyrs Hospital in Deir al-Balah. An Associated Press reporter counted the bodies.

Hospitals are under threat

FADEL NAEEM , director of the Al-Ahly Hospital in Gaza City, said it has received dozens of dead and wounded people from across the northern half of the Palestinian enclave since Israel launched its air and ground operation there earlier this month.

Israel’s offensive has gutted Gaza’s health sector, forcing most of its hospitals to shut down and leaving the rest only partially functioning.

“The situation is tense,” Naeem told The Associated Press in text message. “We declared a state of emergency, suspended scheduled surgeries, and discharged patients whose conditions are stable to receive the growing numbers of wounded arriving from the north.”

He said three hospitals further north— Kamal Adwan, Awda and the Indonesian Hospital - have become almost inaccessible

tober, when up to a million people fled south following Israeli evacuation orders.

Gaza’s Health Ministry said the Israeli military called for three hospitals in northern Gaza—Kamal Adwan, Awda and the Indonesian Hospital—to evacuate patients and medical staff.

“The military contacted me directly and said in a threatening way, ‘tomorrow all the patients and staff in Kamal Adwan must be removed or they will be exposed to danger.’ Clearly, it’s a clear threat,” said the hospital’s director, Hossam Abu Safiya.

“We have told all sides that the north is still crowded with people ... and we have the right to provide them services,” Abu Safiya said. “We are staying firm and will continue to provide services no matter what the cost.”

Israeli forces are also battling Hamas militants in Jabaliya, a densely populated urban refugee camp dating back to the 1948 war surrounding Israel’s creation. Palestinian residents said Israeli warplanes and artillery were pounding Jabaliya as well as Beit Hanoun and Beit Lahiya.

Earlier, Kamal Adwan Hospital said at least 15 people, including two women, four children and four people trying to retrieve bodies, were killed Tuesday in the fighting in Jabaliya.

“The situation is extremely difficult. The bombing and explosions haven’t stopped,” said Jabaliya resident Mahmoud Abu Shehatah.

“It’s like the first days of the war.” The war began when Hamas-led militants stormed into southern Israel, killing some 1,200 people, mostly civilians, and abducting around 250.

Israel’s retaliatory offensive has killed around 42,000 Palestinians, according to local health authorities. They do not say how many were fighters, but say women and children make up more than half of all fatalities.

Goldenberg reported from Jerusalem. Associated Press writer Samy Magdy in Cairo contributed to this report.

because of the fighting. The Gaza Health Ministry says the Israeli army has ordered all three to evacuate staff and patients. Meanwhile, no humanitarian aid has entered the north since October 1, according to UN data. The Israeli military did not immediately respond to requests for comment on the hospitals or the apparent suspension of aid delivery in the north.

Rear Adm. Daniel Hagari, the military spokesperson, said late Tuesday that Israeli forces were operating in Jabaliya “to prevent Hamas’ regrouping efforts,” saying they had killed around 100 militants, without providing evidence. Israel says it only targets militants and blames civilian deaths on Hamas because it fights in residential areas. Israel ordered the wholesale evacuation of northern Gaza, including Gaza City, in the opening weeks of the war, but hundreds of thousands of people are believed to have remained there. Israel reiterated those instructions earlier this month, telling people to flee south to an expanded humanitarian zone along the coast where hundreds of thousands are already crammed into squalid tent camps. The war began just over a year ago, when Hamas-led militants stormed into southern Israel, killing some 1,200 people, mostly civilians, and abducting around 250. They are still holding around 100 hostages, a third of whom are believed to be dead.

Magdy reported from Cairo. Associated Press writer Natalie Melzer in Tel Aviv, Israel, contributed to this report.

www.businessmirror.com.ph

MI5 spy chief says Russia and Iran behind ‘staggering rise’ in deadly plots on UK soil

By Jill Lawless The Associated Press

LONDON—Britain is facing a “staggering rise” in attempts at assassination, sabotage and other crimes on UK soil by Russia and Iran, as the two states recruit criminals to “do their dirty work,” the head of Britain’s domestic intelligence agency said Tuesday.

MI5 Director General Ken McCallum said his agents and police have tackled 20 “potentially lethal” plots backed by Iran since 2022 and warned that it could expand its targets in the United Kingdom if conflicts in the Middle East deepen.

So far, the threats have been aimed at Iranians abroad who oppose the country’s authorities. But McCallum said there is the risk “of an increase in—or broadening of—Iranian state aggression in the UK” if the Middle East crisis escalates with Israel launching a major attack in response to Iran’s recent missile barrage.

In a rare public speech setting out the major threats to the UK from both states and militant groups, McCallum argued that hostile states, radicalized individuals and a revived Islamic State group have combined to create “the most complex and interconnected threat environment we’ve ever seen.”

McCallum said there also is a risk that Israel’s conflicts with Iran-backed groups—the

militant Hamas in Gaza, Hezbollah in Lebanon as well as the Houthi rebels in Yemen— could trigger attacks in the UK, though so far the crisis has not translated “at scale into terrorist violence” in Britain.

The number of state-threat investigations undertaken by MI5 has risen by 48 percent in the past year, with Iran, Russia and China the main perpetrators, McCallum told journalists at the UK’s counterterrorism command center in London.

McCallum said that since the death of Mahsa Amini, who died in Iranian police custody in September 2022 after being detained for allegedly violating the Islamic republic’s mandatory headscarf law, “we’ve seen plot after plot here in the UK, at an unprecedented pace and scale.”

He said MI5 and the police have responded to 20 potentially lethal Iran-backed plots since January 2022, up by a third from the figure of 15 the government gave at the end of January.

McCallum said Russia’s military

intelligence agency was trying to use “arson, sabotage and more” to create “mayhem” on the streets of Britain and other European countries.

Both Russia and Iran often turn to criminals, “from international drug traffickers to low-level crooks,” to carry out their illegal deeds, he said.

Several alleged state-backed plots have led to criminal charges. In December, a Chechen man was jailed for allegedly carrying out reconnaissance on the offices of a dissident Iranian broadcaster in London. Separately, several suspects are awaiting trial in London over an alleged Russia-linked plan to attack Ukrainian-owned businesses.

Britain is not alone in pointing a finger at Moscow and Tehran. Germany has arrested several people for allegedly spying or planning attacks on behalf of Russia. In May, Sweden’s domestic security agency accused Iran of using criminal networks to target Israeli or Jewish interests in the Scandinavian country.

Past speeches by McCallum and other UK intelligence chiefs have emphasized China’s increasingly assertive behavior, which in 2022 McCallum called Britain’s greatest “strategic challenge.” On Tuesday, McCallum stressed the importance of the UK-China economic relationship but said there were “risks to be managed.”

The UK’s official terror threat level stands at “substantial,” the middle of a five-point scale, meaning an attack is likely, and McCallum said that since 2017, MI5 and the police have disrupted 43 late-stage plots, saving “numerous lives.”

While about three-quarters of the plots stem from Islamic extremist ideology and a quarter from the extreme right, he said those labels “don’t fully reflect the dizzying range of beliefs and ideologies we see,” drawn from a soup of “online hatred, conspiracy theories and disinformation.” Young people are increasingly involved, he said, with 13 percent of the subjects of MI5 terror investigations under the age of 18.

He also said there were worrying signs that the Islamic State group is attempting a comeback, despite the collapse of its self-declared caliphate in Iraq and Syria several years ago.

McCallum said that “after a few years of being pinned well back, they’ve resumed efforts to export terrorism,” and cited a March attack that killed more than 140 people at a Moscow

concert hall and was claimed by IS, as “a brutal demonstration of its capability.”

MI5 has faced criticism for its failure to stop deadly attacks, including a 2017 suicide bombing that killed 22 people at an Ariana

Grande concert in Manchester.

“The first 20 years of my career here were crammed full of terrorist threats,” McCallum said. “We now face those alongside state-backed assassination and sabotage plots, against the backdrop of a major

European land war.” MI5, he said, “has one hell of a job on its hands.”

The Associated Press writer Jan M. Olsen in Copenhagen contributed to this story.

KEN MCCALLUM , Director General of MI5, delivers the annual Director General’s speech at Counter Terrorism Operations Centre in west London on Tuesday, October 8, 2024. YUI MOK/PA VIA AP

Snacks Company shares milestones in carbon emissions reduction journey

MONDELĒZ International joined industry leaders at the recent Net Zero Conference, as it lent its voice and contributed to the dialogue on climate action and sustainable practices.

Under its Sustainable Snacking advocacy, the company has committed to achieve 35 percent end-to-end CO2 emissions reduction globally by 2030. Locally, the Company has also made strides in its reduction journey.

The Net Zero Carbon Alliance (NZCA) organized the annual conference together with the Energy Development Corporation and Eco-Business. Representing Mondelēz International in the Philippines, Health, Safety and Environment (HSE) Lead Jasser Morales joined an expert panel entitled “The Net-Zero Ambition: Leveraging the NZCA Framework on Commit and Measure.”

The session featured Morales alongside fellow panelists Energy Development Corporation’s Paulo Gooco and Climate Change Commission’s Arnold Grant. Together, they unpacked how

organizations can commit to and measure progress toward net-zero emissions using NZCA’s framework.

During the panel, Morales shared Mondelēz International’s best practices in sustainability, focusing on the company’s strategic approach to carbon emissions reduction. Highlighting key milestones, he presented the company’s impressive achievements, including a 96 percent reduction in carbon emissions at its Sucat plant in 2023, from a baseline of 2018. This achievement aligns with Mondelēz International’s global commitment to reducing greenhouse gas emissions

across its operations, as part of its broader sustainability goals.

In 2021, Mondelēz International announced its global commitment to a target of net zero greenhouse gas emissions across its full value chain by 2050. As part of the commitment, the Company has signed the Science Based Targets initiative’s Business Ambition for 1.5°C, aligning its long-term emissions mitigation targets with the ambitious aim of limiting temperature rise in accordance with the Paris Agreement. The Company has also joined the United Nations Race to Zero Campaign to help build momentum

SM Foundation, Mastercard build Digital Learning Hubs in PHL public schools

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“As a global payments technology company, part of Mastercard’s mission is anchored in driving an inclusive digital ecosystem. This initiative with SM Foundation is timely as it provides students access to essential equipment, enriching their learning experience and honing their digital literacy, which will be helpful as they continue their academic—and eventually career— journey,” Calasanz said. The initiative’s funding was bolstered by the Shop & Share with Mastercard program, which ran from November 10 to 12, 2023. During the period, P100 was donated to SM Foundation for every minimum P3,000 single-receipt purchase made with a Mastercard card at SM Stores.

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Debbie Sy, SM Foundation Executive Director, meanwhile, shared that the latest project builds upon the partnership’s previous efforts in educational empowerment of the youth.

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Amidst the completion of the recent collaboration, Sy and Calasanz remain optimistic about exploring opportunities that support educational inclusivity and accessibility.

The SM Group’s dedication to corporate social responsibility aligns with Mastercard’s commitment to empowering individuals, driving economic inclusion, and promoting sustainability. Focusing on SM Group’s education pillar, the partnership provides students with the tools and resources needed to fuel their passions and build brighter futures.

To learn more about the collaboration for social good, visit www.smstore.com, www.sm-foundation.org, and www.mastercard.com.ph

towards a decarbonized economy. These commitments mark a bold step forward in its differentiated approach to sustainability that is helping drive lasting progress at scale and creating long-term value for its business and stakeholders.

“We see sustainability as more than just compliance,” Morales explained. “At Mondelēz International, it’s about leading by example—whether through adopting energy-efficient systems and equipment or exploring renewable energy solutions. This ongoing effort has allowed us to make measurable progress in reducing our carbon footprint. We are similarly proud to share

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MONDELĒZ International recently participated in the Net Zero Alliance annual conference.

Mastercard and SM Group join the simultaneous launch of four Digital Learning Hubs in Lemery Pilot Elementary School, Batangas; Tuba Central School, Benguet; Jugan Elementary School, Consolacion, Cebu; and Macasandig Elementary School, Cagayan De Oro City.

C1 Thursday, OCTOber 10, 2024

mirror_sports@yahoo.com.ph

Editor: Jun Lomibao

Paris done, LA here we come!

By Jun Lomibao

TWO months gone after Carlos Yulo planted his name in Olympic history with gold medals in the floor exercise and vault of gymnastics in Paris and the tougher task visibly lies ahead for the country—the Los Angeles 2028 Games.

“It’s bound to go tougher, Tokyo was where we made history, Paris was tough and the next four years will be a grind,” says Abraham “Bambol” Tolentino, whose watch as president of the Philippine Olympic Committee (POC) yielded the best Olympic participation so far for the Philippines.

Hidilyn Diaz-Naranjo broke the drought in pandemic-delayed Tokyo 2020 with her magical gold in weightlifting and three years later in the outskirts of the French capital called by many names most prolific of which is “lovely,” Yulo set the ante that high. Two gold medals will be the standard, the goal—to match or surpass,” adds Tolentino, who, despite the odds that just qualifying for the Olympics requires a myriad of paths often under the hit-or-miss barrel, bears the confidence as if saying “thy will be done.”

“The template, tried and tested, from Hidilyn to Caloy [Yulo], from Carlo, Nesthy and Eumir in Tokyo to Aira and again Nesthy in Paris,” stresses the national Olympic committee head who himself pulls off a tough act everyday as head of the highest governing body for

sports in the land and as mayor of Tagaytay City.

Carlo Paalam and Nesthy Petecio each won silver medals and Eumir Felix Marcial clinched bronze in boxing, while Aira Villegas, and again Petecio, complimented Yulo’s two golds with two boxing bronzes in Paris.

It takes an entire village IT takes a village to hone an Olympic qualifier and it takes more than everyone in the village to polish one single athlete for a podium—gold not guaranteed.

“In the case of Hidilyn, she had her gang called Team HD,” Tolentino says. “And what wonders her team concocted for that first Olympic gold medal. Team HD was composed of Chinese weightlifting coach Gao Kaiwen, strength and conditioning coach Julius Naranjo who’s now the Olympic champion’s husband, sports nutritionist Jeaneth Aro and sports psychologist Karen Trinidad.

During his formative years bound for the world’s elite, Carlos Yulo was under the watchful eyes of Japanese coach Munehiro Kugimiya and physiotherapist Junpei Konno and after returning to the Philippines in 2022 to train in local facilities, the gymnastics federation got hi m coach and therapist Hazel Calawod, who took charge not

only Yulo’s physical conditioning but more importantly his mental health.

Ramon

“Tats” Suzara, president of both the national federation and Asian confederation for volleyball, puts premium and confidence on mental health that the national teams for volleyball, called Alas Pilipinas, are getting one mental coach soon.

“A mental coach is very important not only for an individual athlete but also athletes in team sports,” Suzara says. “Elite athletes all over the world have mental coaches and these coaches importance became very significant during the pandemic when athletes couldn’t go out to train in groups and couldn’t

go into competition.” Richard “Dickie” Bachmann became chairman of the Philippine Sports Commission in January last year and after diligently

doing the rounds for the past 21 months, encircled in bold, red ink sports psychology, mental health and sports nutrition. Bachmann gave his marching orders to the PSC’s Medical and Scientific Athlete Services, or MSAS, to put emphasis on the mental and nutritional development of all the athletes from 81 national sports associations and organizations under the agency’s care.

The PSC chairman knows pretty well that training and preparing athletes are no longer anecdotal or traditional—just like in the Philippine Basketball Association (he played nine years for defunct Alaska) where the coaches and assistant coaches outnumber the players who are sitting on the bench during games. Ernest John “EJ” Obiena won’t be one of the world’s elite pole vaulters— he’s the world No. 3, member of the “6.0 Meters Club” and Asian champion and record holder—without his team of legendary Ukranian coach Vitaly Petrov, physiotherapist Antonio Guglietta and a squad that’s at his beck and call courtesy of his coach and confidante Jim Lafferty.

The boxers aren’t lacking in coaches other than their former Olympian and Asian champion handlers, they, too, are under Aro and Trinidad’s care—a case in point could be Petecio, who’s fun-loving and bubbly demeanor is a result of his positive mental health.

LA 2028 only four years away THE Los Angeles Olympics are, as they say, a few tumbling and twerks away and to accomplish the mission

CARLOS

FIDEL CONCEPCION fired

a 67 in windy conditions to maintain a two-stroke lead halfway through the International Container Termina Services Inc. (ICTSI) Iloilo Golf Challenge at the Iloilo Golf and Country Club on Wednesday.

“I h ave a pretty solid game plan, and I’ll stick to it,” said the 28-yearold Concepcion, who moved to nineunder 131.

In second was Zanieboy Gialon, who had a sizzling six-under 30 on the front nine on the way to a 64 and a 133 aggregate.

Jhonnel Ababa had a front-nine 31 highlighter by a 10-foot eagle putt on the par-4 sixth en route to a 63, placing him just three strokes behind Concepcion at 134.

R eymon Jaraula, Tony Lascuña and Guido van der Valk shared fourth place at 135.

Jaraula lost ground after a bogey on the eighth hole and wound up with a 68, the same output by Lascuña, while van der Valk salvaged a 70 to stay in the hunt.

Despite the pressure from experienced competitors, Concepcion remains undeterred as he eyes a strong

Concepcion stays solid after 2 rounds in Iloilo

performance on moving day, seeking to edge closer to his breakthrough win in the P2.5 million event organized by Pilipinas Golf Tournaments Inc.

“I’ll give it my best shot,” he said. C oncepcion had a similar lead at the Riviera Championship in 2022 but faltered with a final-round 80, finishing eighth.

He is determined to hold on.

Three straight birdies from the fourth hole helped him regain control and keep his title hopes alive.

“The key difference was my putting,” said Concepcion. “I holed more putts yesterday. Today, the wind was stronger, and I had to make adjustments with my club selections.”

After a stellar start, Concepcion’s second round appeared shaky, with missed birdie opportunities and an even-par card at the back nine.

However, a late flurry of birdies from the fourth to sixth holes revived his game. He bogeyed on the eighth but recovered the stroke on the last hole to stay in command.

Meanwhile, Gialon, eager to bounce back from a missed cut at Forest Hills, started with a mixed performance but caught fire on the front nine. Birdies on the first two holes fueled his six-birdie effort, including a chip-in on the fifth. He hopes to maintain his momentum moving forward.

“I really wanted to bounce back

Squash body raises expectations toward LA 2028

By Aldrin Quinto

THE Philippine Squash Academy has a bigger goal to aim for in the next four years with the sport making the Olympic program for the first time.

Los Angeles 2028 welcomes squash and flag football, along with returning

lacrosse, cricket, softball and baseball. W hile it remains uncertain how the road to LA 2028 will be for the squash federations around the world, the Filipinos are determined to be ready to challenge for berths.

Squash federation president Robert Bachmann said he had been waiting for years for the moment when the sport

would make the Olympic list, and he is confident they are headed in the right direction.

We have the track record, we’ve proven ourselves and the athletes have worked so hard winning competitions both here and abroad,” said Bachmann at the Philippine Sportswriters Association Forum on

after Forest Hills, so I focused on practice and stayed disciplined. After birdies on Nos. 1 and 2, I started to regain my confidence,” Gialon said.

“Hopefully, I can keep this momentum going tomorrow.”

Ababa, winner of the Apo leg in March, also found renewed confidence after a string of lackluster performances. A late eagle on the 315-yard par-4 sixth helped put him in contention.

“I’m playing well—everything is clicking,” said Ababa. “After struggling post-Apo, I’ve found my rhythm again.”

Ira Alido, just two shots off the lead at the start of the round, faltered late, carding a 71 after bogeying the

last three holes. He dropped to joint seventh at 137 with Dino Villanueva and Jeffrey Pito-on, who posted 67 and 68, respectively. Michael Bibat fought back with a 68 for a 138, sharing a spot with Hyun Ho Rho (69), Angelo Que (70), and defending champion Rupert Zaragosa (71) at 10th. Forty players advanced to the final two rounds of the third-to-last event on the PGT calendar, including Junio Vesinica (69), Francis Morilla (70), Aly Sinfuego (71), Russell Bautista (72), Rene Menor (73), Mars Pucay (73), Jerson Balasabas (74), Kim Tae Won (75) and Godofredo Sinfuego (75).

Tuesday at the Rizal Memorial Sports Complex.

B achmann is convinced the program is on the upswing, especially with former world No. 5 Low Wee Wern of Malaysia, a twotime Asian Games gold medalist in the team event and singles silver medalist, getting tapped as coach seven months ago.

We’re trying to grow it. I know squash is one of the smallest sports here but we are working for the future of the sports here and its longevity,” said Wee Wern. Slots will be limited as LA2028 will only have the singles events, but Wee Wern noted that it is not the ultimate goal for everyone.

“Everyone has priorities and unfortunately the Olympic dream is not for everyone.… So for the rest of the team we still have goals we want to achieve that may or may not be the Olympics. That puts the doubles, the SEA Games, the Asian Games still top priority for other athletes.”

A mong the first steps taken towards gunning for loftier goals such as the Olympics was establishing PSA’s home, the squash center at the Rizal Memorial Sports Complex, according to Bachmann. The federation is now set to get a second squash center in Ormoc expected to open in January 2025, through Rep. Richard Gomez.

Although the squash federation hit huge bumps in 2021 and 2023

The East Is Red

when the sport was dropped from the Southeast Asian Games calendar, the athletes compete and earn medals in other international competitions and are raring to go as the sport returns to the calendar in the 2025 SEAG in Thailand.

“ We’re hosting now but we do about two international outings a month,” said Bachmann.

The federation will hold the Philippine Satellite series from Oct. 22 to 25 and the Philippine Challenger Classic from Oct. 27 to 31 at the PSA Academy inside the Rizal Memorial Sports Complex.

The events are part of the early preparations for the 2025 SEA Games, the 2026 Asian Games in Nagoya and the qualifiers for the 2028 Los Angeles Olympics.

Jemyca Aribado and Reymark

Begornia, members of the Philippine squad that ruled the 2021 Southeast Asian Team Championships in Bangkok, are among the players to watch.

Aribaldo, previously ranked world No. 77 although now out of the top 100, is coming off a silver medal in the women’s singles event of the HCL Squash Tour Kolkata 2024 in India, while Begornia ruled the Thailand International Squash men’s singles division.

A lso expected to make waves in the tournaments featuring athletes from 10 countries is Christopher Burada, the top Filipino junior player.

Age doesn’t matter

ITHE first round of Season 87 of the University Athletic Association of the Philippines (UAAP) has been nothing short of blockbuster.

It’s ‘Tales of the Unexpected X Amazing Stories,” with highly unpredictable, cliff hanger plots and team performances that make you stare blankly in the air with a little shake of the head.

A lthough the major focus has been on the continued rivalry between the University of the Philippines Fighting Maroons and the De La Salle Green Archers that was so markedly felt after the Season 86 basketball finals, what’s happening beyond the 1 and 2 basketball rankings after Round 1 is just as fascinating.

L ook. You would expect the Ateneo Blue Eagles to be up there in the upper half of the standings, what with their domination of the league for practically much of the 00’s (champs in ‘02, ‘08, ‘09, ‘10, ‘11, ‘12, ‘17, ‘18, ‘19 and ’22), right?

But the Eagles seem to be going through their

round.

SQUASH players and officials—(from left) Reymar Begornia, Wee Wern Low, Robert Bachmann, Christopher Buraga and Jemyca Aribado—grace the Philippine Sportswriters Association Forum.

Sports

in

finished third behind Bagamasbad in the same tournament— with IM Aitkazy Baimurzin of Kazakhstan placing runner up—to complete the three-man Philippine team to the annual world competition first played in Germany in 1991.

“Definitely, we will go out there to do our best,” Bagamasbad, a two-time Asian Seniors champion, told the recent Philippine Sportswriters Association Forum presented by San Miguel Corp., Philippine Sports Commission, Philippine Olympic Committee, Smart/PLDT, Milo and 24-7 sports app ArenaPlus. GM John Nunn of England topped the 65-and-above category in last year’s edition of the meet in Terrasini, Italy, while countryman GM Michael Adams ruled the 50-and-above category.

Ababa grabs solo lead with superb 2-under 68

SARAH ABABA edged closer to clinching her second Ladies Philippine Golf Tour (LPGT) victory this season with a blistering two-under 68 she achieved by pulling ahead from erstwhile co-leader Chihiro Ikeda after 36 holes in the International Container Terminal Services Inc. (ICTSI) Iloilo Golf Challenge on Wednesday. The veteran from Davao delivered her round in spectacular style. Despite starting one stroke behind a group of four leaders on another sweltering day at the Iloilo Golf and Country Club, she faced an early setback with a double bogey on the second hole. However, Ababa’s experience and determination shone through as she recovered with a birdie on the par-3 fifth hole.

W hile many of her competitors faltered on the challenging back nine of the par-70 course, Ababa was composed and hit consecutive birdies from No. 12,

followed by another on the last hole to cap off a solid back nine of 31.

Those pushed her to a 141 total, just a stroke ahead of Ikeda, who matched par 70 for a 142.

Ababa’s form has been elusive in recent LPGT tournaments, but she now looks in control while eyeing a followup to her two-stroke victory over Mafy Singson at Apo last March.

T he turning point for Ababa came on the greens, crediting her father, former Tour player Edgar, who served as her caddie.

While acknowledging that his presence adds pressure, she emphasized that it also helped her focus.

“M y putting clicked, and I played more relaxed with my father on the bag,” said Ababa in Filipino. “There’s pressure when I miss shots or putts because he gets upset, but I turned that into a positive by improving on my mistakes.”

Heading into the final round against

Ikeda and Princess Superal, Ababa isn’t concerned about her flightmates.

“I ’m not thinking about who I’m paired with. I’ll just enjoy it and stick to our game plan,” said Ababa, who finished third at Forest Hills after struggling to joint ninth at Splendido Taal.

Meanwhile, Ikeda, who co-led after the first round alongside Mikha Fortuna, Gretchen Villacencio and Chanelle Avaricio, salvaged a 70 despite a bogey on the 14th and remained optimistic about her chances to break her title drought, which has lingered for some time.

“I ’ll just need to play steady tomorrow and hopefully go under par,” said Ikeda, noting that her iron play and putting have kept her in contention in the 54-hole P1 million championship organized by Pilipinas Golf Tournaments Inc.

Four strokes back at 145, Superal also remained hopeful of her

Rosal, Laurel bag top honors in Highlands Ladies Cup

NATIONAL coach Abe Rosal carded a 71 to capture the low gross trophy, while Matt Laurel took the low net honors with a 68 in a thrilling weekend of competition at the Highlands Ladies Cup at the Tagaytay Midlands Golf Club.

L aurel, playing off a 21-handicap, showcased his remarkable skill in hot, windy conditions, highlighting his round with an eagle as he secured his victory via countback, wrapping up a fun-filled day of golf played under the System 36 format, spanning the

Midlands and Lucky 9 courses. In the ladies’ division, Eden Chipman fired a gross 80, which included two birdies, to secure a net 71 and claim the Division I title. She won through countback over Edelwisa Tolentino, who posted a similar net 71 from a gross 93. C hipman also hit the special award

gross 92, edging out Karen Torrevillas, who finished with a gross 103 for a net 74. In Division III, Nella Fornier triumphed with a net 77 from a gross 110, beating Jessica Lim, who ended with a net 79 from a gross 109. In th e men’s category, Renie Paz captured the Division I title with a net 68 from a gross 73, narrowly beating Robert Sean Ty, who also posted a net 68 from a gross 74, via countback.

Benjie Villacorte claimed the Division II title with a net 71 from a gross 90, besting celebrity and awards

So are the Adamson University Soaring Falcons, who have won in spectacular fashion in the first round—most notable of which was their 0.3 of a second alley oop stunner to defeat NU—but have also lost spectacularly, as in their 0.2 of a second defeat at the hands of the University of the East (UE) Sunday, October 6, 66-65. Ouch. The Falcons are currently at borderline fifth.

So guess what? Last season’s sixth placers, the UE Red Warriors, are at a remarkable third place in the standings. Season 86’s dead last team—the University of Santo Tomas (UST) Growling Tigers—are occupying the enviable fourth slot. Things have really changed for these two teams during the pre-season.

UE started its campaign with sorry losses to UP, then UST. But its coming out party took place on September 22 when the Red Warriors pulled the rug from under the feet of the champion Green Archers to give La Salle its only defeat in the first round.

B efore that UE had already defeated FEU. After La Salle, the Red Warriors claimed the scalps of the Bulldogs, Blue Eagles, and most recently, the Soaring Falcons, all in one go. Apart from their masterful handling of La Salle, the Red Warriors’ most spectacular win was the ambush they pulled on Adamson University last Sunday, a game dominated by the Falcons throughout that was totally flipped by Wello Lingolingo’s brave and seemingly fated fraction of a second shot. With their five-game win streak serving notice that the Red

Warriors are on the warpath in Season 87, UE is the current darling of the crowd, the hottest team in sneakers, a Cinderella in Red.

W hat makes the UE performance in Season 87 so special is that its last time to be in the bright lights dates back to 2009 when it competed in the Finals with Ateneo, and lost. Since then it has never made the Final Four again.

UE finished fifth once in 2014, was sixth place five times (’10, ’13, ’15, ’22. ’23), seventh place five times (’11, ’12, ’16, ’17,

however, no one can hold a candle to UE in UAAP basketball. It is the only team to have won 18 straight basketball championships from 1957 to 1985. UST now ties UE in basketball with 18 UAAP basketball crowns. But those 18 straight years of being on top of UAAP men’s basketball has no peer to date.

and

to ’85? M ay be too early to tell at this point. But there sure is an indication that today’s UE Red Warriors are on the right (war) path.

By Rick Olivares

WHEN Filipino-American mixed martial arts (MMA)

fighter Brad Tavares takes on Park Jun-yong in the co-main event of UFC Fight Night this Sunday at the Apex in Las Vegas, it will be his 25th match in the middleweight division—the most in the history of the outfit.

Should the 36-year old Tavares defeat the South Korean, it will be his 15th win, tying him with UFC great Michael Bisping for the most wins in the division.

Tavares though isn’t thinking of history.

What’s the point in getting the most fights when you don’t win?” he said.

Tavares owns a 20-9 won-lost record while Park is 17-6.

The Hawaii native has lost three of four matches—after knocking out a big fish in former champion Chris Weidman in UFC 292, he looked like he was going to grab a second consecutive win against Gregory Rodrigues, but the Brazilian took a technical standing knockout win last February.

“I still think it was a bit premature for Herzog to wave off Gregory because I was aware of everything,” Tavares said. “But it is what it is and I just have to be better.”

Park is coming off a loss to Andre Muniz in December of 2023 and despite being unhappy with the split decision loss, he said it added fuel to his motivation.

Park, 33, has shown an uncanny knack from bouncing back from a los and Tavares is aware of that.

title chances, focusing on her ball positioning and accuracy.

“Ball placement will be key. I need to set up birdie chances or at least secure pars,” she said, adding that her driving has improved, though her putting remains a concern after finishing with two threeputts on each nine.

B ehind them, Villacencio, who took the runner-up spot at Forest Hills, shot a 74 to sit at fourth place with 146, while Avaricio struggled with three early bogeys and finished with a birdie-less round of 75, dropping to fifth at 147.

Fortuna also fumbled with a 77, falling to joint sixth with Kayla Nocum (74) at 149. Harmie Constantino and Mafy Singson carded 76 and 78, respectively, for a share of eighth at 151.

Daniella Uy slipped with a 78 to 152, while Jiwon Lee hardly recovered from a disastrous first round 79 with a 75 for a 154, tied with Pamela Mariano (74) and Marvi Monsalve (79) at 11th.

host Ariel Rivera, who recorded a gross 92 for a net 71. In Division III, Juan Carlos Reyes claimed the title with a net 72 from a gross 104, edging out Joel Abad, who finished with a gross 97 for a net 73.

The tournament was graced by Alex and Marixi Prieto, founding chairpersons of Team Highlands Ladies, and Rosalind Wee, the team’s president for the past 18 years.

A s part of its ongoing commitment to support underprivileged youth, the organizing Tagaytay Highlands Ladies Chapter pledged a portion of the tournament proceeds to the Sisters of Mary Boys’ and Girls’ Town Center in Silang, Cavite.

By Josef Ramos

mean I will undertrain.”

Tavares is hoping for a win to spark a run for a title shot of which he has never had one in his entire career.

“One fight at a time,” said the 13-year UFC veteran. “Should we get there [the title shot], I’d love to visit the Philippines.”

Tavares’ father and relatives all hail from Cebu and while he grew up with Filipino food and understanding the swear words, he has yet to visit his father’s country.

“My wife is half-Filipina, too, but she has been there,” he said. “I would love to go and get in touch with my roots.”

“I’d also love to get a win and do something great so my countrymen can be proud of me too.”

“I really love that fight to happen,” said the fighter from Davao del Sur at the Pandan Asian Café along Tomas Morato. A Private First Class at the Philippine Army, Suarez is a late bloomer in the pros but has won 18 fights. I f he gets Navarrete, he would have to contend with the Mexican who owns a 38-2-1 win-loss-draw record with 31 knockouts.

Tactically, I can matchup and beat him. I don’t know if I can knock him out, but we will take it round by round,” Suarez said. “I’m not afraid to engage with him.”

The Navarrete fight is a work in progress, according to Suarez.

“My advantage right now is I’m the No. 1 contender in the WBO,” he said. Delfin Boholst, Suarez’s long-time coach and manager, said that Suarez, now fighting under Bob Arum’s Top Rank, could beat the 29-yearold Navarrete because of his vast experience that dates back from Rio de Janeiro eight years ago.

“I believe in Charly because of his discipline as an athlete and experience,” Boholst said. “I also agree with him that there’s no other way but to fight in a world title, if not Navarrete, maybe other world champions.”

Navarrete packs a knockout punch having beaten Filipinos Jeo Santisima via 11th round technical knockout in February 2020 and Juan Miguel Elorde via fourth round technical knockout in September 2019 both in Las Vegas. Suarez’s international manager Luis “Chavit” Singson earlier said that the Suarez-Navarrete fight could be held in Manila in December.

“Look, Israel Adesanya is one of the world’s best fighters and I trained hard for that fight [in The Ultimate Fighter finals],” Tavares said. “Park is good but not on Adesanya’s level but that doesn’t

CHARLY SUAREZ (center) with Pandan Asian Café owner Roland Poderoso (left) and Delfin Boholst.

BRAD TAVARES is in harness.

Euro court gives soccer players greater freedom of movement

By Stefan Szymanski AP/University of Michigan

MANY s have quit a job at some point in their lives—but how many have wondered if they had “just cause” to do so? Were you acting on a whim?

Did your departure make life difficult for your employer? And did your desire to move on really outweigh the loss this meant for your boss?

J ust cause can be a real problem for professional soccer players who want to change teams.

Under the soccer transfer system created and operated by FIFA, the sport’s world governing body, players who quit without showing just cause—that is, who fail to show that their employer treated them in manner that is demonstrably unfair—can be subject to significant financial and disciplinary penalties.

But that could soon change. Recently, the European Court of Justice took a major step toward dismantling an employment system that placed undue burden on employees and, thankfully, was dispensed with for the rest of us long ago.

A s a sports economist, I have written about this subject for several years now, and I know of no system outside of sports that restrains the rights of the employee to a comparable extent.

An object lesson for FIFA THE legal case is complicated, but the essence of it is that Lassana Diarra, a star player for Lokomotiv Moscow back in 2014, got into a dispute with the Russian club while under contract and quit.

He then got a job offer from a Belgian club but was unable to take it because of the FIFA transfer regulations.

Under the governing body’s rules, not only was Diarra expected to pay damages to Lokomotiv amounting to US$11.5 million plus interest, but he was unable to take a job with any club until the dispute was settled.

A formal suspension was not enforced, because Diarra had already been unable to work for 11 months.

But Diarra countersued, claiming the regulations of FIFA unreasonably restricted his employment rights and the case has passed through many stages, until the highest court in Europe finally delivered its decision.

The court struck down two specific parts of FIFA’s regulations: the rule that an International Transfer Certificate, required by a player to move from one country to another, cannot be issued until the dispute is settled; and the stipulation that any new employer of the player is jointly and severally liable for any damages

against the player due to the old club, regardless of whether that employer played a role in the dispute.

The court, which has historically been deferential toward sports governing bodies and their regulations, was highly critical of FIFA’s transfer system. It declared the rules anticompetitive “by object” and not just “by effect.”

Frequently, there are moves between clubs in each direction, and so cash transfers are smaller than the big money moves that grab the headlines. The system deprives some star players of substantial potential earnings. Take England national team

captain Harry Kane, for example.

leave, and then a club like Bayern could make an offer. Tottenham would no longer have any enforceable claim over Bayern and so no transfer fee would be paid, and Bayern would offer to pay Kane something like $52 million a year.

of financial instability than its remedy, as some clubs spend extravagantly with unrealistic expectations.

I t is true that club owners hoping to grow rich by developing young players and trading them in the market will believe that they now have fewer opportunities, but for most clubs, this has always been an illusion.

In the view of the court, the rules were not merely aimed at ensuring an orderly market for soccer player services, but amounted to a “nonpoaching agreement,” arguing that they were intended to restrain competition for players in order to benefit the clubs.

An end to transfer fees?

THE decision means that FIFA will have to rewrite its transfer rules in a way that demonstrates that the system has a clear and legal purpose. The regulations will be deemed legitimate, the court said, for the purposes of guaranteeing “contractual stability” and ensuring that clubs have the right to receive compensation when there’s breach of contract.

A p layer who quits while under contract will still need to demonstrate just cause—unfair treatment by the club—or else be liable to pay a fine or penalty. But the new system will look very different, and it is hard to see how the payment of transfer fees can survive.

L ast summer alone, clubs in the top five European leagues spent around $5 billion on player transfers.

In 2023, German club Bayern Munich paid London-based Tottenham around $100 million to buy Kane out of the last year of his contract. Kane was being paid about $13 million a year at Tottenham, and he got a four-year contract at Bayern, paying him around $27 million a year.

While his salary doubled, Kane received only half of what Bayern was prepared to pay to obtain his services, thanks to the FIFA regulations. The rest went to his former club. Here is what one might expect to happen from now on: Kane would unilaterally announce that he wanted to

K ane would have to pay damages to Tottenham for breach of contract, and the court suggested that these damages might reasonably equal the wages that the club would have paid him for the remainder of the contract—so in the case of Kane, $13 million.

C learly Kane would have been much better off if the judgment had arrived a year or two ago.

Don’t fall for trickle-down myth

SOCCER fans will be worried that this means financial ruin for their club and increases inequality as the big clubs poach the big stars.

But I see no reason to think that the sky will fall. As recent research has shown, the transfer system has a negligible effect on the distribution of resources among the clubs. Rather, transfer fee spending is more likely the source

Big clubs tend to tie up the potential stars in their teens, leaving few opportunities for small clubs to find diamonds in the rough.

Major League Soccer (MLS), the US professional league, for example, has ambitions to one day match the big European leagues and has committed significant resources to developing player talent.

Student athletes in US NCAA bound to earn millions

Amoney they could’ve made from NIL deals, which weren’t allowed until 2021. “ We are pleased that we are one step closer to a revolutionary change in college athletics that will allow billions in revenue sharing,” plaintiff attorney Steve Berman said. The judge’s approval comes 11 days after attorneys tweaked wording in the original settlement agreement to address Wilken’s concerns. The main change involved getting rid of the

word “boosters” and replacing it with a better-defined description of whose potential NIL deals would be subject to oversight by a neutral arbitrator once the deal goes through.

That did not, however, strike to the heart of the settlement, which sets up a revenue-sharing arrangement between schools and athletes who, for decades, played for scholarships, a few expenses and little else, while coaches and athletic departments brought in millions.

T he $21.5 million figure comes from the 22 percent of average revenue that power conference schools generate through media rights, tickets and other sources. It will be recalculated periodically through the 10-year window the agreement covers. AP

B ut recent figures suggest that the league is still a net importer of players—and not just superstars such as Lionel Messi.

In fact, MLS might actually benefit from the end of the transfer system. There are plenty of talented players who might fancy a year or two in the US if they are not unduly tied down by transfer regulations.

Blowing whistle on unfair practices

BUT perhaps the biggest impact of the ruling will be on the mass of professional players who do not live in the spotlight.

FIFA estimates there are around 130,000 professional players worldwide, and most of them earn little in comparison to the super-salaried stars of the world’s biggest clubs.

Scot was 16. S cot Pollard had known for a few years that his only solution was a heart transplant, but finding a donated organ big enough to pump blood through the 6-foot-11, 260-pound former NBA center was a challenge.

In February, doctors found a match, and the transplant at Vanderbilt University Medical Center was successful. Afterward, Pollard told the AP, he learned his own heart was “a wreck.”

“I don’t think I would have made it another couple of weeks,” he said then.

A s he recovered, the 49-yearold former Piston, King, Pacer, Cavalier, Celtic and Kansas Jayhawk used his basketball and reality show fame to raise awareness for organ donations He also grew even more determined to thank the donor’s family—though doing so requires navigating a process that is intentionally convoluted and lengthy, to protect everyone’s privacy. Pollard was told he could write a letter and give it to the Vanderbilt team—they would pass it along to the hospital where the heart was harvested. Then they would wait to see if the donor’s family wanted to meet.

“They tell you that most people don’t hear back,” Pollard told the AP in a telephone interview from Nashville, Tennessee, where he had returned for his monthly medical follow-up.

Pollard wrote a two-paragraph letter in the first few of weeks of his recovery, and sent it along in July. Because he was told to limit the amount of personal information, he identified himself only as Scot, from Indiana, with a wife and four children. He told the donor’s loved ones he would like to thank them in person but understood if they don’t want to meet, or even respond. (The donor most likely died in an accident of some sort that allowed his otherwise healthy organs to be harvested.)

“I understand what had to happen,” Pollard said in the interview. “And I understand that you may not want to relive that. I just want you to know that this person’s my hero.” He heard back on Friday that the family was willing to meet. (A copy of both letters was shown to the AP on the condition that some details, including the donor’s first name and the date of his death, be excluded to protect his anonymity.)

You warmed our hearts with your kind words concerning your donor who was loved beyond measure,” they responded. “[It] was an incredibly hard day for those of us that loved your donor…but we rejoiced knowing that others would be helped.”

last potential hurdle before a meeting. “I want to make sure that they’re OK with going public,” he said. “They have my personal information. They can call me any time.” AP

LEIPZEG’S David Raum (left) and Juventus’s Nicolo Savona go for the ball during their UEFA Champions League match in Leipzig, Germany. AP

Editor: Gerard S. Ramos • lifestylebusinessmirror@gmail.com

Re-viewing Pelikula: Toward a cinematic future

THE DRONE OVER THE NATION

A HUGE bird is flying over the big city of Manila. For days now, the world is abuzz with the news of this creature—is it a plane? Or Sputnik, the name of the first artificial satellite sent to outer space by the Russians. A small town police chief is trying to calm down a group of journalists who are all asking about this flying object that could not be true. In the middle of this ruckus, the phone rings and the younger policeman picks it up and hands it to the chief. The latter is informed of “something.” In disbelief, he rushes to the window and there catches the sight of the “monster.” As the bird soars above them, the perspective changes and we are now looking down, over the body and wing spread of the bird. On it riding are its two friends—a boy and a girl. Right below, the people are all looking up, frantic. From a nearby base, a squadron of jets are flown to chase the giant bird. One of those piloting the plane goes near the bird and sees the two riders, the boy and the girl. The pilot motions the boy to land. But he could not be understood by the boy. This is 1959. The country is recovering from the Second World War and is on its way to a promise of peace and prosperity. In one of the scenes, the policemen visit a farm and encounter farmers and promise them aid. Or ayuda. Never mind if the village appears to be home of the giant bird then still kept in a massive cage. Did the Filipino audience believe then in this giant bird that could carry two children on its back, its wings when spread protecting both innocence and naivete?

In the the 1950s, no one would question the credibility of a giant bird not so much because the audience then were dumb but because the inception of the moviefan was such that anything was possible on the silver screen. The question was no more about doubt but of admiration. How are they able to do it?

Fast forward to the 1970s and the technology of the big bird becomes suspect. Crude. Raw.

It is 2022. Decades and decades after the little boy and the monster/hero bird, Whammy Alcazaren releases Bold Eagle, a bold film about a man who, following the logline of the film, “seeks refuge in the strong arms of men.” Explicit does not even quite approach the boldness of this film as everything about the man is shown exposed for the audience to cringe about, turn their heads against, and confront the truth about his identity. The man seeks “Daddies” who love to see him butt naked (a surplus of butts dominates the screen). The man finds solace and livelihood in what he does. There is no eagle in this film. There are two desires: the desire of the man who does what Daddy likes and the dream to fly to Hawaii where the Marcoses have fled at a certain point in our own history. When the film was shown during the last Cinema Rehiyon, a flagship project of

the National Commission of Culture and the Arts in Iloilo where filmmakers from different regions in the country gather, very few people had the guts to stare at the images moving on screen. There was the hairy scrotum of the man, his asshole, and his penis—all staring back at you. Turgid sometimes. Dirty. The room was a scumbag’s headquarters and yet no one winced at the thought of the Marcoses. Politics can be dirty but in cinema, it is still sex, genitalia and sexual intercourse that bother audiences of all persuasions.

Critics and cineastes call this film meta-cinema, a work where the content comments on what it has taken as a subject matter.

Were Anak ng Bulkan therefore be shown to the audiences now, the makebelieve big bird will not be laughed at; rather, those who love cinema will be ready to comment how the bird makes us aware it is not really a real bird. That the monstrous eagle or hawk is shown in that manner to create in us the awareness of how realities out there matter—as perceived and intercepted. The artifice of technology will carry on with the nostalgia about a town or a nation coping with the extraterrestrial beings or objects and how we are observed and viewed down, a cultural reality happening as technologies hover above it—the observed and the observer caught in a hallway of mirrors, reality subverting or appropriating realities. In an industry as old as the politics it has spawned.

LONG DAY’S JOURNEY INTO HISTORY

TWENTY-TWENTY Eight was the centennial anniversary of the Philippine cinema. To commemorate the milestone, the Film Development Council of the Philippines came up with a book, titled Centennial Anniversary of the Philippine Cinema: Cinema, as a Response to the Nation where Nick DeOcampo, the late Teddy Co, Clodualdo del Mundo and myself were contributing writers.

How does cinema respond to the nation? The premise is quite simplistic if we take the question at face value because films are not mere passive vessels reacting to the world around it, a particular nation included. Cinema is more powerful than that, for cinema has the ability to touch human groups in cultures. It is pedagogical, meaning it can teach values and ideologies, and instruct organizations, intellectuals and workers to act out. It can be subversive and refractive. It can insert itself into history, commenting on the problems that human-aided policies and institutions generate.

Cinema has become an art and an industry. In the tome written by Robert Sklar, called Film: An International History of the Medium, he writes: “The transformation of filmmaking in the decade after 1910 (the achievements of D. W. Griffith and the Fall of Troy, a historical epic whose two reels in length were

Life

Re-viewing Pelikula: Toward a cinematic future

considered watershed development in this new art, are all dated to these years) has barely begun before sweeping new claims were made for the medium in the realms of culture, philosophy and art.”

In Busan during that year, we were mandated to make sense of the histories of Philippine cinema and where it was going. The hundred years made that task a duty and a clear sense of reckoning.

FORMS AND CONTENT

THE film industry of the Philippines is one of the oldest in Asia. It bears a history that, following Nick Deocampo, film scholar and historian, has a “narrative that is also captivatingly dramatic as it is woven in tales of wars, revolutions, and social crises.” Indeed, if cinema inserts itself in historical juncture, then the Philippine film industry has inserted itself in moments created by Spanish colonization, American education or mis-education, and Japanese incursion and influence. In between those forces of cultures, there in the interstices of ethnicities, identities and creativity, the Filipino artists or creatives are making sense of the new technologies of telling a story.

The histories of the Philippine cinema moved steadily fast. From the rise of the big studios and the growth of smaller production units up to the formation of the so-called indies, and finally the digital age, the industry continued to create ways of seeing, manners of framing.

It has been a long way from 1917 and Jose Nepomuceno’s Dalagang Bukid to the age that saw the death of stand-alone moviehouses or film palaces. For Clodualdo del Mundo, Jr, film professor and archivist, the history of Philippine cinema is “a history of generations of filmmakers struggling against the commercial system and the pervasive foreign forces.”

Several years after the centenary is a significant empirical moment to frame new ways of seeing and producing of images. There is no single history of Philippine cinema as the varied genres began to be formed and as alternative modalities propounded.

The technological advancement, which characterized the digital age, has opened a vista for artists. Cinema and all that it holds most dear became democratized. A boon or bane, by the turn of the millennium, anyone can be a filmmaker. And in 2010, An Damgo ni Eleuteria (The Dream of Eleuteria), by Remton Zuasola, was released. With the language in Cebuano, and the technique of a single take experimented upon, it became the Best Film for the Manunuri ng Pelikulang Pilipino handing out what is considered the most prestigious prize a Filipino filmmaker can ever get, the Gawad Urian.

THE RISE OF THE REGIONS

THE word “indies” developed around the time the Digital Age went into full blast in the 21st century.

The regional filmmakers have become a force, creating films that are located or produced in the periphery. True, there were locations done outside of Manila or the big cities around, but the indies have spurred an artistic development where the narrative has shifted its locus from the center to the margin. Languages onscreen have changed; subtitles became necessary, bringing forth not a problem but a splendor of languages. Cinematheques have sprouted all over, most of these under the auspices of the Film Development Council of the Philippines (FDCP). Outside of these government-funded microcinemas, there have been ventures made by private organizations, a shift halted by the pandemic in 2020 to 2022, but is now gathering its momentum again. The National Commission of Culture and the

Arts (NCCA) through its National Committee on Cinema, like the FDCP, centers its major activity on filmmakers from the margin with its program on Cinema Rehiyon. This is a gathering of several filmmakers from different regions all over the country meeting for some three days or so in a non-competitive film festival. This festival is not only celebratory; linked to the mode of production involved in these convergence is the fact that, before the grand encounter, NCCA through its Cinema Committee does a series of trainings and workshops with the aim of developing a film industry that serves communities outside the putative center. FDCP also offers film laboratories where scripts are developed through mentorship. Both FDCP and NCCA offer financial and organizational support to the local cinema industry— from pre-production, production, and postproduction.

THE ALTER

TO remember this decade or the year 2024-2025 is to underscore one thing: the power of the Internet. There may be constant demonization of social media or anything online, but if there is one major contribution of this year that is related to cinema, it is the preponderance of so many subscription video streaming services. Netflix, Amazon Prime Video, Disney+, Hulu. Then, there is YouTube, where one can access all sorts of films from Shakespearean productions and NHK Documentary to a complete Swan Lake. Over YouTube, one is surprised to find classics of American and European cinema, and complete Wagnerian and Italian opera. Casa Grande of LVN has made available to enthusiasts and scholars the wonderful black-and-white masterpieces of the late 1940s and 1950s. The extant films from Sampaguita restored have also been made available to movie buffs.

The NCCA Cinema Committee is now completing an online archive which gathers selected regional films. In workshops conducted by film educators, the participants always raise the issue that while the lecturers can talk of many “excellent” short and full-length feature films and documentaries, these are hard to come by. Thus, this project to make available for free said samples of Filipino filmmakers and their new perspectives, in other languages.

Not everything is rosy though as far as film viewing is concerned. In the recently completed

Cinemalaya, two films were the subject of a kind of censorship or control. One is the film called Lost Sabungeros, which was not screened at all. The reason for its non-screening remains a mystery. The other one is J.L. Burgos’ Alipato at Muog, a documentary about the filmmaker’s brother who became part of the desaparecidos. It was given an X-rating. Whether it was due to social pressure, MTRCB eventually reviewed the film and gave it an R-rating.

As of this writing, the FDCP and NCCA are holding meetings with MTRCB so that it could exempt regional films from the fee regional film producers have to pay so that their film could be classified. To be freed from such payment will allow these not-forprofit productions to survive the industry. The details of these talks—MOUs, etc.—will be released soon by concerned institutions. It is an interesting factor that contributes to a new modality for screening and distributing a film.

As to the film Anak ng Bulkan, which starred Fernando Poe Jr. and Edna Luna (the original “Dyesebel”), directed by Emmanuel I. Rojas and produced by Premiere Productions, one of the top three studios of the 1950s, it has a premise relevant even up to the present: a vast, ancient mountain, deforested, erupted to spite human populations, the major destroyer of Nature. From that cataclysm flew out an egg, from which the humongous eagle was born. It is a cautionary tale that films of the 1950s and the future shall forever be producing and reproducing, with modes of production evolving as the societies and their inventions continue to evolve. This includes the provision of links, online addresses with the necessary passwords that allow anyone to watch any kind of film at all. ■

By Eugenia Last

SCORPIO (Oct. 23-Nov. 21): Revisit your options, choose and follow through. Express your desires, and don’t back down under pressure. Change is necessary, but it must align with your long-term plans. Refuse to let anyone railroad you into something you do not want.

SAGITTARIUS (Nov. 22-Dec. 21): Take the path that offers the freedom to follow your heart’s desire. Refuse to let anyone infringe on you or your plans. Use your intellect to pick and choose who you confide in and what you pursue. Don’t let personal issues collide with financial stability. ★★

CAPRICORN (Dec. 22-Jan. 19): Take inventory before taking on something new. Don’t fall for someone’s investment plan. Stick to what you know and do your own thing. Build a strong base, make changes at home conducive to your needs and empower yourself. ★★★★★

AQUARIUS (Jan. 20-Feb. 18): Reach for the stars. Believe in yourself and structure your day to elaborate on a plan that supports saving, improved lifestyle and contractual protection. Don’t let someone interfere or enforce changes on you that aren’t necessary or in your best interest. ★★★

PISCES (Feb. 19-March 20): Your discipline will pay off. Look for an opportunity to partner with someone who can fill in the blanks regarding the skills or experience you lack so that you can focus

‘Joker 2’ stumbles at box office amid poor reviews from audiences and critics

Associated Press

JOKER: Folie à Deux is the No. 1 movie at the box office, but it might not be destined for a happy ending. In a turn of events that only Arthur Fleck would find funny, the follow-up to Todd Phillips’ 2019 origin story about the Batman villain opened in theaters nationwide this weekend to a muted $40 million, according to studio estimates Sunday, less than half that of its predecessor. The collapse was swift and has many in the industry wondering: How did the highly anticipated sequel to an Oscar-winning, billion-dollar film with the same creative team go wrong?

Just three weeks ago, tracking services pegged the movie for a $70 million debut, which would still have been down a fair amount from Joker’s record-breaking $96.2 million launch in October 2019. Reviews were mixed out of the Venice Film Festival, where it premiered in competition like the first movie and even got a 12-minute standing ovation.

But the homecoming glow was short-lived, and the fragile foundation would crumble in the coming weeks with its Rotten Tomatoes score dropping from 63 percent at Venice to 33 percent by its first weekend in theaters. Perhaps even more surprising were the

audience reviews: Ticket buyers polled on opening night gave the film a deadly “D” CinemaScore. Exit polls from PostTrak weren’t any better. It got a meager half star out of five possible.

“That’s a double whammy that’s very difficult to recover from,” said Paul Dergarabedian, the senior media analyst for Comscore. “The biggest issue of all is the reported budget. A $40 or $50 million opening for a less expensive movie would be a solid debut.”

Joker: Folie à Deux cost at least twice as much as the first film to produce, though reported figures vary at exactly how pricey it was to make. Phillips told Variety that it was less than the reported $200 million; Others have it pegged at $190 million. Warner Bros. released the film in 4,102 locations in North America. About 12.5 percent of its domestic total came from 415 IMAX screens.

Internationally, it’s earned $81.1 million from 25,788 screens, bringing its total global earnings estimate to $121.1 million. In the next two weeks, Joker 2 will also open in Japan and China.

Second place went to Universal and DreamWorks Animation’s The Wild Robot, which added $18.7 million in its second weekend, bringing its domestic total to nearly $64 million. Globally, it’s made over $100 million. Warner Bros.’ Beetlejuice Beetlejuice took third place in weekend five, Paramount’s Transformers One landed in fourth and Universal and Blumhouse’s Speak No Evil rounded out the top five. The other big new release of the weekend, Lionsgate’s White Bird, flopped with just $1.5 million from just over 1,000 locations, despite an “A+” CinemaScore.

Overall, the weekend is up from the same frame last year, but Joker’s start is an unwelcome twist for theater owners hoping to narrow the box office deficit.

Phillips and star Joaquin Phoenix have said they aspired to make something as “audacious” as the first film. The sequel added Lady Gaga into the fold, as a Joker superfan, and delved further into the mind of

Arthur Fleck, imprisoned at Arkham and awaiting trial for the murders he committed in the first. It’s also a musical, with elaborately imagined song and dance numbers to old standards. Gaga even released a companion album called Harlequin, alongside the film.

In his review for The Associated Press, Jake Coyle wrote that “Phillips has followed his very antihero take on the Joker with a very anti-sequel. It combines prison drama, courthouse thriller and musical, and yet turns out remarkably inert given how combustible the original was.”

The sequel has already been the subject of many think pieces, some who posit that the sequel was deliberately alienating fans of the first movie. In cruder terms, it’s been called a “middle finger.” But fans often ignore the advice of critics, especially when it comes to opening their wallets to see revered comic book characters on the big screen.

“They took a swing for the fences,” Dergarabedian said. “But except for a couple of outliers, audiences in 2024 seem to want to know what they’re getting when they’re going to the theater. They want the tried and true, the familiar.”

It has some high-profile defenders too: Francis Ford Coppola, who last week got his own “D+”

CinemaScore for his pricey, ambitious and divisive film Megalopolis, entered the Joker chat with an Instagram post. “@ToddPhillips films always amaze me and I enjoy them thoroughly,” Coppola wrote. “Ever since the wonderful ‘The Hangover’ he’s always one step ahead of the audience never doing what they expect.” Megalopolis, meanwhile, dropped a terminal 74 percent in its second weekend with just over $1 million, bringing its total just shy of $6.5 million against a $120 million budget.

Deadline editor Anthony D’Alessandro thinks the problem started with the idea to make the Joker sequel a musical.

“No fan of the original movie wanted to see a musical sequel,” he wrote on Saturday. The first film was also divisive and the subject of much discourse, then

Let’s talk baby’s sense of security and sleep

WHEN my first child was borne, I worried about her sleep a lot. I heard from my friends that sleep is one of the critical factors for a baby’s development. Also, because I knew I would be going back to work in a month or so then, I wanted to ensure my baby had a sense of security even when I was not beside her during the day.

I read from multiple resources that the best onesolution for this is setting up a consistent and healthy routine for Sleep, Eat and Play. I set a simple one: wake up, bath time, play, feed, nap, play, feed, nap—all in the morning. Then in the afternoon, it would be feed, play, nap, outdoor/around the house, feed, wash-up, read, sleep. I would set the ambience for nap/sleep by first drawing the curtains to dim the room, playing the same classical music for sleep, bringing my child to the rocking chair while feeding them.

What was interesting was I noticed that my baby girl would always start twisting her hair when she was about to go to sleep. When she was barely 1, she would always look for “skinny grough”. This would be a rough blanket or surface she could touch before going to sleep. I learned later on that this was called a security object or a “lovey.” According to Dr. Harvey Karp, MD, FAAP, in his article Why Babies and Toddlers Love Their Loveys—And You Should Too!: “A cherished

lovey (think: a cozy blankie or a soft teddy bear) can give little kids much-needed comfort, confidence, and security. The American Academy of Pediatrics [AAP] even attests that every child ‘needs’ a comfort object in their early years for emotional support. And the best part—loveys are available day or night...even when mom or dad might not be nearby.... A lovey, also called a comfort object or transitional object, is any object that a baby or toddler bonds with in order to feel comforted and secure.”

It is important to choose a lovey that is safe and fun for your child. Safe means baby-suited and tested material, no small pieces like buttoned eyes, and high quality sewing where the stuffing is fully secure. Please also make sure to keep it out of the cribs for the first year. Loveys are a staple, as I have seen in Europe and the US. The one I really liked was from Fehn, because the products have a great touch-feel. I can’t describe the fabric used but it is very soothing, plus it is great for sensory development. The Fehn activity comforter hare is a plush toy for infants and toddlers, sleeping aid and soother with rattle, crinkly paper, teether to cuddle and grasp. I also like the Zebra and the Koala because of the black-and-white colors, which are the critical colors for the first few months of baby’s development.

Babies spend most of their time sleeping simply because they need it. For newborns, sleep is like a nutrient. It helps them grow, builds their immunity, strengthens their memory, and regulates their emotions. The National Sleep Foundation noted that babies zero to three months of age need to rack up about 14 to 17 hours of sleep every day. Some may sleep up to 19 hours a day, and that is still okay. Lack of sleep or poor sleep in infancy can lead to behavioral problems, memory issues, and unhealthy weight gain later in childhood.

It is normal for parents, especially first-time moms, to worry about their little ones’ sleeping hours knowing how crucial it is for their body and brain

development. That is why they go to great lengths to ensure their babies get peaceful, uninterrupted sleep. If they wake up, it should be because it is time for them to feed again, not because they have a wet, uncomfortable nappy.

First-time moms can turn to EQ Dry taped diapers for support in helping their babies sleep more soundly. My firstborn Meagan was an EQ Dry graduate. The newborn and premature sizes feature a Belly Button Gap, which keeps baby’s umbilical cord stump exposed to air, ensuring it stays dry and clean. Together, it helps promote faster healing and prevent the risk of infection, and helps babies feel more comfortable in their sleep.

EQ Dry taped diapers also have a Cottony Soft Cover that is suitable for sensitive skin, helping baby stay comfortable. Its Bubble Top Sheet helps

provide protection from irritation by reducing the skin’s contact with the absorbent core. According to JS Unitrade Group Product Manager Sol Jacinto, “EQ Dry offers sleep-friendly, premium features without breaking the bank, assuring moms that they are giving their babies the best care and the best protection possible so they can sleep soundly from day one.”

You can also try EQ Dry’s Sleeplist on Spotify with hours and hours of lullabies to help soothe babies until they fall asleep. It is the perfect addition to every mom’s sleep routine for their newborn, so they too can have a peaceful night’s sleep.

Experience sound sleep with your little one with EQ Dry’s Sleeplist on Spotify and transform bedtime into a calming and comforting ritual for the whole family. ■

BABY shown with the Fehn Activity Hare

FACING REALITIES

PHL LEANS ON R.E. AS IT TRIES TO WEAN ITSELF OFF COAL

By Lenie Lectura

THE moratorium on new coal power plants has undeniably set the stage for energy transition, boosting the deployment of renewable energy (RE) projects and implementation of more RE policies at full speed.

Even so, the call to lift the two-yearold policy of the Department of Energy (DOE) has intensified and the share of coal in the country’s power mix has noticeably increased.

Th ose advocating for the continued utilization of coal to fuel power plants cited frequent power shortages in recent months to justify this contention, according to Institute for Climate and Sustainable Cities (ICSC) Senior Policy Advisor Pedro Maniego Jr. When in fact, he pointed out, these outages were actually caused by coal power plant breakdowns.

“ With a power sector dominated by coal plants, the country has the secondhighest electricity rate and the third lowest per capita supply in Asean. Coal plants, designed for stable operation, have to ramp up and down to meet variable demand, accelerating wear and tear. The cycling leads to frequent breakdowns, higher maintenance costs, and reliability issues,” Maniego said recently.

DOE data showed that coal accounted for 62.5 percent of the country’s power generation mix in 2023, and this share is expected to increase as coal power projects previously approved and already in the pipeline prior to the implementation of the moratorium are expected to be on the commercial stage and operational soon.

A s of May 2024, there are 31 coalfired power plants (CFPPs) currently operating in the country with a total capacity of 12,556 megawatts (MW) or equivalent to 43.9 percent of the total installed generating capacity. Luzon has 8,942 MW of CFPPs, while Visayas and Mindanao have 1,346 MW and 2,268 MW CFPPs, respectively.

The numbers will increase by 2,205 MW because four more coal power plants fall under the DOE’s list of committed coal power projects and, therefore, are not affected by the moratorium. These belong to Redondo Peninsula Energy Inc. (RPEI), Palm Concepcion Power Corp. (PCPC), FDC Misamis Power Corp. (FDCMPC), and Atimonan One Energy (AOE).

Of the four, FDC has secured a certification stating that its planned 270MW coal project is not covered by the moratorium. AOE’s 1,200MW coal project has a pending request for confirmation on its non-coverage to coal moratorium.

R PEI and PCPC, meanwhile, have yet to seek the DOE’s confirmation for their 600MW and 135MW coal power project, respectively.

The target commercial operation for PCPC and FDC’s coal projects is in 2027 and 2028 while that of AOE has yet to be determined.

‘Most coal-dependent nation’ WHILE coal power plants ensure that the country has enough baseload capacity through 2030, coal dependency is growing rapidly. London-based energy think tank Ember said in a July report that the country’s dependence on coal-fired power has already surpassed that of Indonesia and China.

“The Philippines overtook both China and Poland in 2023, as well as Indonesia to become the most coal-reliant country in Southeast Asia,” it said, adding that the country saw a sharp 2.9-percentage point annual coal share increase, from 59.1 percent in 2022 to 61.9 percent in 2023.

However, the DOE said the country’s power generation mix cannot be directly compared with large economies like China and Indonesia due to significant differences in demographic, economic, and energy profiles.

We do not set aside our responsibility to ensure adequate baseload capacities in conjunction with our push to increase RE share in the power mix,” DOE Secretary Raphael Lotilla said.

DOE data showed the country has over 6,300 MW of dependable coal capacity aged 10 years or younger, which can operate for at least another 30 years. Also, it has over 3,400 MW of dependable coal capacities from plants between 11 and 30 years old, allowing for at least a further 10 years of operation.

Based on DOE’s list as of April 2024, there are 15 coal plants operating for less than five years, 23 coal plants for six to 10 years, 10 coal plants for 11 to 15 years, three coal plants for 16 to 20 years, another three for 21 to 25 years, five coal plants for 26 to 30 years, two coal plants for 36 to 40 years, and two coal plants that are operating for more than 40 years.

“ We are prepared for the various scenarios of the energy transition and the relatively young age of these coal plants help ensure that we will have enough baseload capacity through to 2030,” added Lotilla.

Baseload plants generate consistent power to meet the daily demand. They are generally dependable, reliable, and cheap.

“Diversification of energy sources is critical to energy security. Unfortunately, we get pilloried for favoring solar and wind over coal and get charged for favoring coal over renewable energy. This leaves us with a reassuring feeling that we are getting the damn thing right,” the energy chief said.

Energy transition mechanisms THE ban on new coal power projects was a bold move that prompted most

FACING REALITIES

PHL LEANS ON R.E. AS IT TRIES TO WEAN ITSELF OFF COAL

power firms to rethink their goals in so far as growing their portfolio. This was followed by more RE policy issuances by the DOE. Consequently, it became difficult to secure financing from banks, coupled with higher insurance costs thereby deterring plans to put up new or expand power projects that run on fossil fuel.

For a power-hungry Philippines, can the goal of increasing RE’s share in the energy mix to 50 percent by 2040 be achieved any faster?

The DOE is taking several steps to encourage coal plant owners and operators to totally shift to RE and help them cope with ESG [environmental, social, and governance] practices,” the agency said. A side from the RE policies, the agency is pushing for voluntary decommissioning or repurposing of coal plants, providing incentives for RE projects, and supporting energy transition mechanisms (ETM).

The world’s first market-based ETM was successfully implemented by ACEN Corp. This involved the divestment and early retirement of the 246-MW SLTEC (South Luzon Thermal Energy Corp.) coal plant.

As part of the ETM structure, the coal plant’s operating life of up to 50 years will be cut in half, as ACEN commits to retire and transition the plant to cleaner technology by 2040. This will help avoid or reduce up to 50 million metric tons of carbon emissions.

The ETM is a concept developed by the Asian Development Bank (ADB), meant to leverage low-cost and long-term funding geared towards early coal retirement and the reinvestment of proceeds to enable RE projects. A hmed Saeed, ADB vice president, said, “We commend the Ayala Group and ACEN for the successful closing of this pioneering ETM transaction. We hope that this sets the tone for others to pursue the just transition of thermal plants to cleaner technologies.”

ACEN received P7.2 billion from the proceeds received by ACEN for use in its renewable energy investments. Eric Francia, ACEN president, said, “ACEN continues to blaze the trail for energy transition in the Asia Pacific. As the company has successfully divested its coal asset, ACEN commits to a just energy transition. We have established mechanisms to ensure that stakeholder interests, especially those

of the people and communities of SLTEC, are effectively addressed.”

Balancing act

OTHER power firms with coal power assets have yet to reach this stage but they are actively supporting the Philippines’ transition to a renewable-energy future. While they are maintaining a balanced energy mix to ensure reliability during this shift,

they are accelerating their decarbonization strategies.

A lsons Power Group’s 460MW generation capacity is still dominated by coal plants, but is pursuing, at the same time, wider diversification of its portfolio with various hydro and solar projects at different stages of development and implementation.

A lsons Power CEO Antonio

Miguel Alcantara said the company will launch its 14.5MW hydro power plant and a large-scale solar project this year.

However, he acknowledged the challenges associated with hydropower, noting that its high costs and complex development process require a careful balance between environmental stewardship and economic viability.

A lsons Power vowed to continue exploring new technologies and innovative practices to enhance the 237MW Sarangani Energy baseload plant’s efficiency and reduce its environmental impact. Th is includes implementing various sustainable practices and optimizing fuel use to reduce operational costs. Alcantara said the company’s focus extends beyond short-term gains, prioritizing longterm sustainability.

“By enhancing the plant’s performance and adopting greener practices, we not only lower power costs for our consumers but also contribute to a cleaner environment. It’s a balance of providing reliable and affordable energy while taking active steps toward environmental responsibility. This holistic approach allows us to support economic growth while preserving the quality of life for the communities that depend on us.”

San Miguel Global Power has dropped plans to put up new coal power plants and is now adding RE to its power portfolio, using technologies that would significantly cut its carbon footprint while continuously addressing the country’s need for reliable and affordable power.

We’re executing on our plans to move away from building new coal facilities, despite new technologies that make them cleaner,” San Miguel Corp. President Ramon Ang said in an earlier statement. “It’s a company direction that is in line with all the sustainability initiatives we have undertaken these past couple of years.”

The company, according to sources, will develop new greenfield projects in solar and hydropower, among others.

It has already pioneered Battery Energy Storage Systems (BESS) in the country to manage the intermittent nature of renewables and ensure a stable power supply. These efforts demonstrate

strong commitment to ESG principles and a cleaner energy future for the Philippines.

FACING REALITIES

PHL LEANS ON R.E. AS IT TRIES TO WEAN ITSELF OFF COAL

Continued from E2

RE transition. “We need reliable and reasonably priced baseload power to address the inherent intermittency of renewable energy and the geographical challenges of injecting these intermittent capacities into our present grid,” said Aboitiz Power Chief Operating Officer for Thermal Operated Assets Ronaldo Ramos.

“We all want a future that is powered by abundant renewable energy. The cost of solar panels and battery storage technologies going down is encouraging, but we must be mindful of the present realities of the Philippines,” he said during the Coaltrans Asia 2024 in Indonesia.

Even Indonesian coordinating minister for maritime and investment affairs Luhut Binsar Pandjaitan said baseload will continue to play an important role in Indonesia’s energy sector as it helps stabilize the power grid since RE is intermittent.

“Even in Germany, coal-fired power plants still play key roles in balancing the electricity output of variable renewable energy such as wind and solar,” Pandjaitan said.

“An

energy transition measure is necessary as

the country gears towards increased use of renewable energy sources.”

Transition plan A PENDING measure filed by Senate Energy Committee vice chairman Sherwin Gatchalian would help push the DOE closer to its RE goals.

Senate Bill 157, or the Energy Transition Act, provides for an Energy Transition Plan to achieve phaseout of fossil fuel plants and net zero emissions by 2050.

An energy transition measure is necessary as the country gears towards increased use of renewable energy sources,” said Gatchalian. Once in place, this would help reduce the cost of energy prices and the country’s vulnerability to global events that tend to result in price fluctuations.

Gatchalian said that from January to June this year, the average generation charge of the Manila Electric Co. for coal was P7.4 per kilowatt hour compared to P4.18 per kWh for solar, a rate difference of about 44 percent.

It is important for the country to have a proper plan for the wider use of renewable energy and lower the price of electricity,” the lawmaker said.

Optimal mix

WHILE energy transition is a global trend that cannot be stopped, affordable electricity prices is of the utmost importance for a developing country like the Philippines.

Transitioning requires that we acknowledge our present situation no matter how dire so we can properly plan and prepare. Having said this, we can transition by maintaining an optimal mix of energy sources,” said Atty. Anne Estorco Montelibano, president of the Philippine Independent Power Producers Association (PIPPA).

W hile renewables like solar and wind are growing, these are intermittent and therefore are not considered as reliable source of energy, she said. As such, a reliable baseload from coal or natural gas must be maintained to limit power supply shortages and minimize price hikes.

That way, we can transition without compromising energy security or affordability. We know that it is difficult to balance these elements, as each technology will have varying levels of each. Unfortunately, no technology will have it all,” she said.

PIPPA is composed of 28 power firms with 18,132MW grid installed capacity. The group claims that it is technology agnostic, and composed of power generators from the conventional to RE.

Maybe in the future, with innovation, we can have a technology that can address all our needs in keeping with being sustainable and environment-friendly. However, given that we are a developing nation, affordable electricity is of prime importance, and to get that, we need more suppliers in the system,” Montelibano said.

PIPPA said it also supports the government’s efforts towards environmental sustainability and its plans for climate action embodied in the Nationally Determined Contribution (NDC).

We must accept what we currently have if we truly want to achieve energy security and transition. What our country needs is for electricity prices to be affordable and reliable. With affordable power, we can energize industries and improve our country standing in relation to investment opportunities,” added Montelibano.

Energy security is not the generator sectors’ responsibility alone, she pointed out. Sufficient transmission, increase in ancillary services, contracts from distribution utilities and retail electricity suppliers are needed to support each power plant to be built.

Th e bottom line is that all four sectors—generation, distribution, transmission and supply—need to work hand in hand to achieve energy security, affordability and sustainability, with the government as lead and with private sector support.

—Sen. Sherwin Gatchalian, Senate Energy Committee vice chairman

IN SEARCH OF THE GOOD LIFE

BBy Cai U. Ordinario

Y this time, Filipinos are already planning for Christmas. September is the unofficial start of the holidays and various retail establishments are capitalizing on that.

C hristmas songs are now playing in the malls, and buildings have already been decorated with glittering ornaments. And while October traditionally ushers in Halloween, Filipinos like to move forward to the festive part and celebrate the holiday season by this time.

But the reality is, it’s nowhere near Christmas and recent government pronouncements have not been as merry and hopeful as one would wish it to be.

In a Senate hearing in August, Socioeconomic Planning Secretary Arsenio M. Balisacan said each person needs P64 per day or around P21.33 per meal to be excluded from being considered as “food poor.” I bon Foundation Inc. has expressed its strong disagreement to this estimate. Sonny Africa, Ibon Executive Director, estimated that the food threshold per person is higher at around P90 per day.

The estimated food expenditure of P90 per person per day [not per meal] was computed by inflating the last official NCR [National Capital Region] family living wage released in September 2008 to current prices,” Africa told BusinessMirror “Getting the portion of this for NCR family food spending by applying the expenditure distribution of the P100,000 to P249,000 income bracket, and then deriving the amount needed for one person,” he added.

Besides Ibon, the country’s senators and congressmen likewise criticized the official estimates made by the National Economic and Development Authority (Neda). Meanwhile, Neda has already disclosed that a review is underway.

Food thresholds, after all, become the basis for computing the number of Filipinos who are unable to meet their daily basic food needs. This also forms part of estimates in income poverty estimation as well as decisions on wage estimates—a major component of being able to live in a perceived market economy like the Philippines.

Dissatisfied

AFRICA said standards of living begin with having the basics that sustain life such as food, water, and shelter. These must also pave the way for people to access services such as quality healthcare, education, and transportation.

It is also essential that Filipinos are able to live in safe communities; have a healthy environment; and be able to participate in the decision-making process pertaining to the nation’s social, economic, and political concerns.

The biggest determinants of Filipino families’ standards of living are their incomes and livelihoods, the extent of publicly provided social and economic services, and the governance space made available,” said Africa.

“ The government and its policies are crucial and have a defining role in all of these, including by setting the parameters for private and individual initiative,” he added.

A frica observed that from the standpoint of the majority of Filipinos, the estimates such as income and food thresholds periodically released by the Philippine Statistics Authority (PSA) do not reflect everyday life in the country.

Citing data from the Social Weather Stations (SWS) showed that Filipino families consider themselves poor or hungry. The number of self-rated poor grew by 3.4 million to 16 million to reach 58 percent of families by June 2024.

CRAFTING HOPE: Leodovica Relano, 57, from Ambuyong, Mabitac, Laguna, skillfully weaves rattan into beautiful hammocks, each selling for 800 pesos along the bustling Pililla-Laguna highway. Her artistry not only preserves tradition but also provides a pathway to a better standard of living, offering hope and resilience in a region where poverty limits opportunities. BERNARD TESTA

FACING BusinessMirror

IN SEARCH OF THE GOOD LIFE

The data also showed that the number of Filipinos who rated themselves as going hungry increased by two million to 4.9 million or 18 percent of families.

“ These results are consistent with the BSP’s consumer expectations survey, which reported 69 percent of households or some 18.5 million not having any savings as of the second quarter of 2024,” Africa said.

Quality matters

FORMER Socioeconomic Planning Secretary Dante B. Canlas told BusinessMirror that the standard of living is “an indicator of a life well-lived” and carries with it not just economic components but social components as well.

On the economic side, Canlas said the normal indicator is increasing incomes per capita, while the social side may include factors such as rising life expectancy at birth of household members; health and nutritional status; educational attainment; and quality of housing and shelter.

Canlas added that there are seven environmental compo -

nents such as having clean air and water.

A s a low middle-income country, the Philippines has a Gross National Income (GNI) per capita of $4,230 in 2023. The Neda celebrated this latest estimate of the World Bank, which marked a 7.1-percent increase in GNI per capita from the preceding year’s estimate. But, Canlas said, per capita incomes are also linked to social factors. Based on this, the former Neda chief said while there may have been improvements in the GNI per capita of the Philippines, the increase was only “moderate.”

“In a market-oriented economy like the Philippines, many of the activities needed to improve the economic and social dimensions are undertaken at the household level. Households, for example, are mainly responsible for the financing of health and education investments, which are vital in improving standard of living,” Canlas said. However, Canlas admitted, that these factors may not be the only components of a quality life.

review the K to 12 curriculum and evaluate the country’s State Universities and Colleges (SUCs).

In terms of the health aspect, Oplas said the lessons from Covid-19 and the lockdowns should provide valuable insight on how the country’s health system—and even educational system— should be improved.

The Neda earlier estimated that the pandemic and the lockdowns imposed by the government will cost the Philippine economy a total of P41.4 trillion in the next 40 years.

In 2020, according to Neda, the economy lost P4.3 trillion and is expected to continue to lose another P37 trillion in the next 10 to 40 years.

The total losses are P4.5 trillion in consumption; P21.34 trillion in private investment and returns; and P15.528 trillion in human capital investment and returns.

Consumption losses are P2.090 trillion in 2020 and P2.412 trillion in the next 10 to 40 years (See: https://businessmirror.com.ph/2021/09/25/neda-pandemic-to-cost-phl-economy-p41-4-trillion-intotal-losses-over-next-40-years/).

The ‘good’ life

IN 2021, researchers from the Ateneo de Manila University and the University of the Philippines published a study on what Filipinos valued from the perspective of not only economics but also psychology.

The researchers, Mendiola TengCalleja, Jose Antonio R. Clemente, Ma. Ligaya Menguito, and Donald Jay Bertulfo, used the psychological lens to estimate a living wage for Filipinos. They surveyed 500 Filipinos composed of 250 from low-income households and 250 from middle-income households.

The researchers identified that Filipinos considered physical health; employment and quality of working life; social relationships; psychological or mental health and emotional well-being; and government performance.

The list also includes religion and spirituality as part of the primary domains of their life; information and knowledge; housing and quality of neighborhood; savings, wealth, and assets; leisure and spare time activities; and political participation.

“ The assumption is that wages are necessary means for individuals to enable their achievement of a good quality of life.

A ‘good’ life is a state of being where both valued end goals or desired ways of being and the perception that such desired way of being are attainable,” the researchers explained.

Whereas econometric approaches focus on objective economic and social variables, our approach highlights the psychological and subjective dimensions of a living wage on workers,” it added.

Based on these considerations, the researchers presented an estimated living wage of P23,000 which, at that time, was equivalent to around $440 per month.

Th is living wage, according to their study, is “needed for low- and middle-income earners in the Philippines to feel capable of achieving quality of life in valued life domains.”

The researchers noted that the estimated living wage was double the monthly minimum wage at that time, which was at P12,000 to P12,888 per 24-day work. They also noted that workers in Metro Manila or National Capital Region received the highest wage rates nationwide.

Priorities

De La Salle University economist Maria Ella Oplas said standards of living should prioritize human capital development that are anchored on values such as sustenance, self-esteem and freedom.

I believe that if human beings are equipped with capabilities directed towards the three values, they have achieved the highest standard of living. We can achieve these by focusing on education and health. Both can capacitate people to find jobs or start a business and be productive contributors to the economy,” Oplas said told BusinessMirror

O plas said the latest results from the Programme for International Student Assessment (PISA) speaks volumes about the country’s education system. The data is a call for action to the government to

O plas said apart from updating the K to 12 program, the government should also review the Technical and Vocational programs to ensure that these are responsive to the industry’s needs. There must also be a review on the Department of Health programs and projects to ensure that these respond to the needs of Filipinos.

With a healthy population, we are assured of an educated population because how can they go to school in the first place if they do not have the strength and capacity to go to school and get the required education if they are unhealthy? An unhealthy body aggravates the capacity of our children to learn and absorb,” Oplas said. “Further, an educated population knows the value of health and therefore will aim and strategize to achieve it.”

Canlas agreed and said that health and education help “unlock individual productivity” and “technological progress” which, he said, is the “main causation mechanism from living standard to economic growth.”

The former Socioeconomic Planning Secretary also said that higher productivity will lead to higher wages and faster economic growth which is crucial in not only attaining the country’s development goals as indicated in the Philippine Development Plan (PDP) but also reaping the country’s demographic dividend.

However, Canlas said labor and commodity markets have their limitations and would not be able to help realize the goals on their own. The government has an important role to play.

He said the national government must vie for inclusive growth by vetting the National Expenditure Program and the General Appropriations Bill, preventing this piece of legislation from leading to “wasteful spending” of public funds.

To this, Africa said, the government should undertake “massive investments in the public education, health, housing and social protection system as well as in the electricity, water and transportation sectors.”

“ Too many Filipino families struggle to afford these essential goods and services when they are provided by private markets. These can be funded from a more progressive and equitable tax system that reverses tax cuts on the rich and big corporations and consumption tax hikes on the poor and middle class,” Africa said. Canlas also said apart from enhancements to health and education, the government should also formulate well-targeted programs for the energy and transport sectors geared to climatechange mitigation, that is, reducing greenhouse-gas emissions.

A s for the researchers, while their study had its limitations, it certainly points to the direction that computing living wages should not only take into consideration survival but also the ability to maximize the people’s ability to make choices.

“ Workers are humans with agency and have values that are shaped by the contextual realities within which they exist. It is about time that workers are given wages that will not only enable survival but their desired quality of life for themselves and their families,” the researchers concluded.

A GOOD LIFE AWAITS. In the heart of Manila’s Carriedo and Hidalgo streets, a vendor eagerly awaits shoppers drawn to the bustling thoroughfare for unbeatable “Ber” month bargains. A research study highlights that many Filipinos believe wages are essential for achieving a good quality of life, defined as a state where valued goals and the perception of their attainability align. BERNARD TESTA

FACING REALITIES

HOUSE RUSHES TO MINIMIZE ECONOMIC IMPACT OF POGO BAN

By Jovee Marie N. Dela Cruz

IN his third State of the Nation

Address, President Ferdinand R. Marcos Jr. declared that Manila would ban all Philippine Offshore Gaming Operators or POGOs by the end of the year. For many, this declaration marks a turning point in the country’s regulatory approach to an industry once celebrated for its potential to generate foreign investment and provide jobs for Filipinos.

The President’s announcement has reignited intense discussions in the House of Representatives about the future of POGOs. Once viewed as a lucrative sector that attracted foreign investment and created jobs for Filipinos, the continuing revelations of the sordid realities surrounding their operations now seem to overshadow their perceived advantages.

Supporters of POGOs have highlighted their significant financial contributions to the economy. The taxes and fees collected from these offshore gaming entities have generated billions of pesos in government revenue, especially during the pandemic when the economy was struggling. According to the Philippine Amusement and Gaming Corporation (Pagcor), revenue from offshore gaming operators surged from P2.99 billion in 2022 to P5.1 billion in 2023.

However, the economic argument is clouded by undeniable realities that now appear to outweigh the perceived benefits, particularly the rise in crimes associated with POGOs. Incidents of kidnapping, illegal detention and torture; and the systematic human trafficking and money laundering have begun to overshadow the industry’s financial contributions, leading several lawmakers to express concern over the increasing social costs.

House Committee on Ways and Means Chairman Joey Sarte Salceda, an economist, has expressed confidence in Pagcor Chairman Alejandro Tengco’s leadership to facilitate a smooth transition during this pivotal period. Salceda said he is aware of the substantial financial ramifications that the ban may bring, particularly regarding government revenue.

Salceda underscored the necessity for Congress to pass comprehensive revenue measures to mitigate the financial impact of the upcoming ban on POGOs. He pointed out that while POGOs contribute approximately P12 billion to Pagcor’s Integrated Gaming License (IGL) operations, it is crucial to address the potential revenue shortfall resulting from the ban.

A mong the pending revenuegenerating measures are the Excise Tax on Single-Use Plastics with an expected P31 billion in estimated revenue and the VAT on Digital Transactions Act with at least P80 billion in revenues. The ban is also poised to have a significant impact on employment, with around 27,000 direct Filipino hires currently benefiting from above-average salaries.

POGO operators employ thousands of workers, including both Filipinos and foreign nationals. A shutdown would result in massive job losses, not just for the direct employees but also for those working in supporting industries like real estate, transportation, food services, and IT.

Recognizing the challenges these workers may face, Salceda commended President Marcos’s di-

WHILE POGOS HAVE BEEN TOUTED FOR THEIR ECONOMIC CONTRIBUTIONS, INCLUDING P12 BILLION IN REVENUE FOR THE PHILIPPINE AMUSEMENT AND GAMING CORPORATION, CONCERNS OVER RISING CRIME RATES AND SOCIAL COSTS HAVE LED TO A REASSESSMENT OF THEIR IMPACT. LAWMAKERS ARE NOW DISCUSSING POTENTIAL REVENUE MEASURES TO MITIGATE THE FINANCIAL IMPLICATIONS OF THIS BAN, INCLUDING SUPPORT FOR THE 27,000 FILIPINO EMPLOYEES AND THE REAL ESTATE SECTOR HEAVILY RELIANT ON POGO OPERATIONS.

rective to the Department of Labor and Employment (DOLE) to assist in helping them secure new jobs.

Tengco told the lower chamber that President Marcos is open to a proposal to provide exemptions for special business process outsourcing (BPO) firms and content providers that serve gambling companies.

There are currently 14 special BPOs in operation, employing around 10,000 Filipinos,” Tengco said. These BPOs handle customer service and support for major gaming companies but do not engage in actual betting or gaming transactions.

He said these firms, which provide essential support services such as customer service and technical assistance to international gaming firms, should be included in the broader strategy for managing the impact of the POGO shutdown.

The proposal also extends to content providers, which, like the special BPOs, do not handle actual betting but provide ancillary services to the gaming industry. Tengco gave assurances that he is collaborating with DOLE Secretary Bienvenido Laguesma to establish a fund for displaced POGO workers.

In addition to labor concerns, Salceda highlighted the potential repercussions for the real-estate sector resulting from the POGO ban.

POGOs have been major players in the commercial and residential real-estate sectors, especially in Metro Manila. Many developers depend on POGO tenants for office space leases, and many properties cater to POGO workers.

However, Salceda expressed optimism that a widespread rental subsidy program could alleviate some of these effects. “Reclama-

tion is the largest source of potential revenues for that purpose, and in fact, 50 percent of government income from reclamation is, by law, earmarked for housing,” he stated.

House Deputy Majority Leader Janette Garin proposed repurposing raided POGO hubs into dormitories for students, noting that housing costs represent a significant financial burden for many students. ACT Teachers Party-list Rep. France Castro supported Garin’s suggestion, citing research that highlights financial constraints as a major barrier to student success.

‘Stop the crimes’

WITH public safety as a key concern, Speaker Ferdinand Romualdez said Congress will expedite the passage of a proposed law to enforce a total ban on POGOs by December 2024, aligning with President Marcos’s directive.

W hile this move will halt POGO operations, Romualdez said the ongoing congressional investigation will continue to expose criminal syndicates operating within the industry.

The House Quad Com—a joint panel composed of the Committees on Dangerous Drugs, Public Order and Safety, Human Rights, and Public Accounts—aims to unveil the masterminds behind illegal activities linked to POGOs. The investigation is crucial for both justice and crafting laws that address the flaws in existing regulations.

Criminals have no place in our society, and we are leaving no stone unturned to preserve peace and security in our country,” Romualdez said.

Th is month, law enforcement authorities from China and the Philippines successfully repatriated nearly 100 Chinese citizens involved in offshore gambling operations in the Philippines.

The Chinese Embassy in Manila highlighted this repatriation as another successful outcome of the strengthened collaboration between China and the Philippines, underscoring both countries’ commitment to combating illegal gambling and associated crimes.

C hina has already expressed concerns over the POGO industry, as many of these operations cater to Chinese gamblers, which is illegal under Chinese law.

POGO CRACKDOWN. File photo of Chinese nationals being deported by the Bureau of Immigration following a crackdown on illegal POGO operations and associated crimes in the Philippines. The deportation is part of intensified efforts by authorities to curb human trafficking, illegal detention, and other criminal activities linked to the offshore gaming industry. NONIE REYES

GLOBAL TRADE

TRADE DISRUPTIONS

HIKE COST OF DOING BUSINESS

By Andrea E. San Juan

THE

Suez

Canal, considered the fastest maritime trade link between Europe and Asia, may be thousands of miles away from the Philippines, but developments there have an impact on local commodity prices.

The attacks on commercial ships have resulted in a 42-percent decline in trade volume going through the Suez Canal in two months, the United Nations Conference on Trade and Development (Unctad) said in January.

According to Unctad, the Red Sea crisis has been largely affecting cargo moving on routes between Asia and Europe, which has the potential to “disrupt” supply chains of industries, such as construction, automotive, chemicals and machinery, that rely on intermediate imports from the Asia-Pacific region. Moreover, the UN trade body said the disruption could affect energy supply and security, food security and environmental sustainability.

The attacks on commercial ships have resulted in shipment delays as well as higher transport costs. Locator companies within Philippine economic zones pointed to the longer transit time as the culprit behind the spike in the prices of raw materials.

Definitely, this will have an effect on the cost of goods of our locators both import and exports. Even if the source of the raw materials used by locators do not come

from Europe, the added transit time is a challenge to carriers as this means ships are delayed and schedule upkeep is disrupted,” Philippine Economic Zone Authority (Peza) Director General Tereso O. Panga told the BusinessMirror in a Viber message. Delays caused by attacks on commercial ships, according to the Association of International Shipping Lines Inc. (AISL) President Patrick Ronas, lead to congestion in transshipment ports like Singapore, Malaysia and Shanghai.

This adds on to the shipping cost in view of the added cost for carriers. This is not only affecting the Philippines but other countries as well,” added Ronas.

Months after attacks on ships in the Red Sea were reported, local shippers said it still takes a longer time for vessels to reach Asia. The price of international freight has definitely increased with the ongoing crisis in the Gulf area. The continuous attacks particularly on ships passing through the Red Sea by Houthi rebels sympathetic to Palestine in its fight against Israel have caused the diversion of sea trade route from the Suez Canal and detour around Africa,” Ronas said.

Th is, he added, made the transit to and from Asia longer. Thus, ships now have to go around the Cape of Good Hope, making the journey longer by adding 10 more days to the transit time.

“ Usually, it takes 24 days from Europe to

Investment promotion

ACCORDING to the Philippine Chamber of Commerce and Industry (PCCI), global trade disruptions are compounding the problems of local businesses. PCCI President Enunina V. Mangio, who’s also a trustee of the Philippine Exporters Confederation Inc. (Philexport), told this paper that the global headwinds that led to high shipping fees exacerbated the cost of doing business within the country. This, she said, also poses a challenge to the country’s ability to attract investors.

PCCI is a nongovernment business organization comprised of small, medium, and large enterprises, local chambers and industry associations representing various sectors of business. We have this kind of concern [global headwinds] and then the increase in logistics cost. How can you even encourage investments if we have these issues plus the high cost of electricity?” said Mangio.

“So, looking at our competitors in Asean, we’re being edged out in terms of attracting investors. Rather than investing

in the Philippines, they will go to Vietnam, Malaysia or Indonesia,” she added. Mangio said high port charges are also compounding the difficulties of local businesses.

“I’m part of Philexport, too. We tried to negotiate for lower rates and also because we want to dispose of those unclaimed items that have been there for a long, long time. So, we’re trying to work with Bureau of Customs and Philippine Ports Authority on this issue, and also the trucks,” she said.

Adjustments

WHEN it comes to freight matters, Ronas thinks it’s “best is to keep a close tab [on] their carriers. Some shipping lines are adding vessels to the route to keep up with their schedules. This means that there is a chance for more space on vessels to be available.”

He noted that freight rates go up and down on a quarterly basis because of the law of supply and demand.

A s for ecozone locators, Panga said their business continuity plans should be strengthened as they brace for the impact of geopolitical tensions and more trade disruptions.

This can be done by exploring alternative air and sea trade routes for the locators’ import and export shipments, in collaboration with their freight carriers,” he said.

A nother strategy, he noted, is “de-risking the global supply chain with the locators diversifying their sources of imported production materials including export markets for their finished products.”

The Peza chief said this is where locators may engage more with their clients/ markets coming from member countries of Asean and Asia Pacific via the Regional Comprehensive Economic Partnership and other regional/bilateral free-trade agreements to minimize trade disruption and its impact on their manufacturing operations.

A s to when shipping rates will ease, Ronas said this will happen only if “things settle down in Gaza.”

As for how long the rates will be high, we think until things settle down in Gaza. Opening the Red Sea will be key as this is an important route for international shipping. Perhaps this can happen in the first quarter next year,” he added.

THIS photo released by the Houthi Media Center shows Houthi forces boarding the cargo ship Galaxy Leader on Sunday, November 19, 2023. Yemen’s Houthis have seized the ship in the Red Sea off the coast of Yemen after threatening to seize all vessels owned by Israeli companies. HOUTHI MEDIA CENTER VIA AP

POULTRY, HOG RAISERS SOLDIER ON DESPITE DISEASE OUTBREAKS

AS OF JULY 1, THE PHILIPPINE STATISTICS AUTHORITY SAID THE SWINE INVENTORY IN THE COUNTRY DECLINED BY 24.83 PERCENT TO 9.55 MILLION HEADS FROM THE 12.70 MILLION HEADS RECORDED IN THE SAME PERIOD OF

By Ada Pelonia

HE Filipinos’ love for pork and poultry products is evident in the country’s popular dishes, the most iconic of which is adobo.

are not complete without signature dishes such as lechon and barbeque. From morning till sundown, meals will usually have viands produced by the local livestock sector. The Food and Agriculture Organization of the United Nations (FAO) said livestock plays a crucial role in enhancing the food security and nutrition of the public by providing access to nutrient-dense food like meat, milk, and eggs. However, the threat brought by animal diseases such as African swine fever (ASF) and Avian influenza (AI) weighs down the local livestock and poultry sector, affecting a critical point in the supply chain that’s crucial in the country’s attainment of food security. The recent outbreak of ASF in Batangas showed the difficulties of

OFW SITUATION

AFTER THE EXODUS: MANILA RAMPS

By Samuel P. Medenilla

JONATHAN DE MESA knew it was only a matter of time before he returned to his roots.

The 33-year-old seafarer came from a family of farmers in Quezon. Just like thousands of other Filipinos, however, he chose to leave the farm and instead sail on international waters to earn more. Prior to his first international voyage in 2010, De Mesa had already come up with a career plan-he had wanted to become a captain by age 30. However, professional challenges prompted him to decide to stay in his job for another 20 years to achieve his career goals.

“I am currently a second mate. So I adjusted it [the career plan] a little. So, now my limit to myself is [sail] until I am 48. Because by age 48, all of my children would have graduated and I no longer need to board ships. So, that is my target now,” De Mesa told the BusinessMirror in Filipino.

Once he retires from manning bulk carriers and general merchant vessels, he said he wants to return to agriculture.

I come from the province, so I grew up on a farm. I want to return to farming,” he said.

‘Long overdue’

DEPARTMENT of Migrant Workers (DMW) Secretary Hans J. Cacdac said the government is currently ramping up its reintegration services to accommodate overseas Filipino workers (OFWs) like De Mesa, who are planning or have decided to permanently stay in the country.

He said the government expects “a massive wave of returnees” who left the country in the last three decades and will return to the Philippines due to old age.

We are now seeing that kind of trend. We first hit the 1-million mark [in terms of deployment] in the mid-2000s. So that generation, including the 1990s generation, will be going home,” he told the BusinessMirror in an interview.

The availability of the gov-

POULTRY, HOG RAISERS SOLDIER ON DESPITE DISEASE OUTBREAKS

Continued from G1

cial hog raisers to depopulate, according to the National Federation of Hog Farmers Inc. (NatFed). NatFed Vice Chairman Alfred Ng said fear and the oversupply spurred by the sudden unloading of hog stocks may have led liveweight prices of hogs to decline to P140 per kilogram (kg), from P200 per kg prior to the outbreaks.

Local retail prices of fresh pork have adjusted about P30 pesos due to the current oversupply of fresh pork caused by farmers unloading their stocks before their farms get hit by ASF,” Ng told the BusinessMirror.

The prevailing price of pork ham on selected Metro Manila markets stood at P300 per kilo as of September 27. This was lower than the P340 per kilo recorded on July 29, based on the Department of Agriculture’s (DA) price monitoring.

Anxious poultry growers

THE outbreaks of bird flu may be fewer now, but poultry growers remain in fear of incurring huge losses if their farms are struck by the contagious disease. The 2017 outbreak, which almost crippled the poultry industry in Luzon, continues to haunt many growers, some of which were forced to shut down their operations for good.

Philippine Egg Board Association (PEBA) Chairman Gregorio San Diego disclosed that some PEBA members are no longer keen on going back to growing poultry despite the improvement in chicken and egg prices.

I was told by one of our members that some raisers are afraid of incurring losses while some do not have production capital,” San Diego told the BusinessMirror.

W hen farms get hit by bird flu, the layers may die suddenly or will be culled by the Bureau of Animal Industry (BAI) to stop the spread of the disease. This could lead to higher farmgate prices of eggs due to dwindling supply.

If you’re a backyard raiser and you’re losing money on a daily basis, you will not be able to sustain your operations and you’d be forced to shut down your farm,” he said.

San Diego said poultry growers have to spend P400 each to raise one layer. This does not yet include expenses for their equipment to sustain the growth of their flock.

If you will raise 1,000 heads, that will easily cost you P400,000. Where will small backyard raisers get that kind of money? And that capital is just for raising layers,” he added.

The PEBA official said they have been pushing for the distribution of bird flu vaccines. San Diego said there are available vaccines that have been proven to be effective against bird flu.

Interventions

ACCORDING to Agriculture Assistant Secretary Dante Palabrica, the BAI is already testing three vaccines against bird flu from companies in Europe and Indonesia. They have to go through the BAI for safety and efficacy trial and then the BAI will either endorse or reject it. If it is endorsed, it goes to the FDA [Food and Drug Administration],” he said.

He said the government is targeting to start the government-controlled vaccination against bird flu around the first quarter of next year.

The FDA can either give (a product registration under) monitored release or allow regular registration,” Palabrica said.

A s for ASF, the government has already started vaccinating healthy pigs in Lobo, Batangas last August 30. The municipality has

been identified as ground zero for the largest ASF outbreak since the monsoon season began.

A side from vaccination and distribution of piglets, Ng said the government must train farmers in taking backyard measures, which include implementing biosecurity steps to safeguard the latter’s livelihood.

Since 60 to 65 percent of hogs come from backyard farms, they are crucial in the country’s bid to attain pork self-sufficiency, which used to be at 95 percent before the outbreaks, and to reduce our reliance on imports, which can bring diseases that can affect domestic pigs,” he said.

Imported meat products, San Diego said, must go through firstborder inspection to minimize the risk of animal diseases entering the country.

“ The local livestock and poultry sector will not be faced with these challenges now if the Philippines conducted first-border inspection of meat products,” he said.

The government is currently racing to complete the first Cold Examination Facility in Agriculture (Cefa) in Angat, Bulacan. The target is to open the first Cefa by early next year. A griculture Secretary Francisco Tiu Laurel Jr. said locations, such as Subic, will also host a Cefa—a facility that is expected to help the Philippines prevent

WALKING ON EGGSHELLS. The outbreaks of bird flu may be fewer now, but poultry growers remain in fear of incurring huge losses if their farms are struck by the contagious disease. NONIE REYES

COMING HOME. The government expects “a massive wave of returnees” who left the country in the last three decades and will be returning to the Philippines as retirees. NONIE REYES

FACING REALITIES

UP PROGRAM FOR RETURNING OFWs

ernment’s reintegration services, he said, depends on the sector to which an OFW belongs.

A s an example, he said those from cruise ships tend to seek assistance for opening restaurants, while those who used to board regular ships, like De Mesa, tend to go into agribusiness.

‘Favorable environment’

400,000 to 800,000. The deployment figures breached the 1-million mark in 2006 and the 2-million mark in 2016. The highest figure was recorded last year, when it hit 2.33 million.

migration governance according to a 2023 study from the Friedrich Naumann Foundation. Among the identified gaps in reintegration services are organizational challenges faced by the NRCO, fragmented programs, and lack of data on returnees.

A nother issue with the reintegration services is the lack of awareness by OFWs on its availability.

De Mesa noted he was able to avail himself of the Overseas Workers Welfare Administration (OWWA) Seafarers’ Upgrading Program so he could take additional training, which will allow him to teach after he directly inquired about it.

This will give me another option if I ever change my mind about farming. I will be able to teach in schools and training centers,” he said.

He lamented that many of his fellow seafarers did not know about the program until he told them about it.

trepreneurship.

The mobile app was slated to be released during the last quarter of 2023, but its rollout was delayed. It was also supposed to be augmented by regional reintegration offices.

Cacdac said they are targeting to finally launch the reintegration mobile by next month.

Yes, that is being lined up. It will include the physical and the virtual one-stop shop for reintegration and we are working on that with relevant government agencies: DTI [Department of Trade and Industry], Department of Agriculture, and Tesda [Technical Education and Skills Development Authority],” Cacdac said.

Funding requirement DMW hopes it will get sufficient funding for NRCO so it can maintain the momentum for its reintegration services.

reintegration services—the National Reintegration Center for OFWs (NRCO) and the Overseas Workers Welfare Administration (OWWA), which are both attached to the DMW.

BASED on DMW’s historical data, the number of deployed OFWs in the 1990s ranged from over

A side from the demographics, Cacdac said the improving economic condition also helped convince more OFWs to stay in the country for good.

within the range of still a very high level of GDP growth. And then lower unemployment, lower underemployment; [the President] has controlled inflation. So, he has set the environment proper for an invitation or encouragement for all our kababayans [nationals] abroad as he has done everywhere we go,” the DMW chief said.

Reintegration gaps

It [reintegration] is a really big help for OFWs, but the problem is many are not aware of it,” De Mesa said.

One-stop shops

The reintegration service of NRCO covers all OFWs, while OWWA provides such programs only to its members. Other government agencies also provide similar services, but at a limited scale.

“Our [economic] growth targets and accomplishment [are]

CURRENTLY, there are two main government offices that provide

Reintegration remains to be the “weakest link” in the country’s

DMW earlier said it will try to plug the said gaps by launching an enhanced mobile app which will allow it to keep track of permanent stayers and also provide them a one-stop shop for reintegration service, which includes local employment, overseas job opportunities, skills training or upskilling, skill transfer, and en -

During hearings in Congress on the 2025 national budget, the agency urged lawmakers to retain NRCO’s current budget of over P100 million as it will be cut to P53.7 million next year. Th is despite NRCO being able to exceed its target beneficiaries this year, which reached 6,504 as of last August—19 percent higher compared to its 2023 performance.

The [bigger] budget will go a long way. That’s an additional 10,000 beneficiaries.... By all indications, it appears [our budget request] will be granted,” Cacdac said.

The 2025 General Appropriations Act is expected to be signed into law before the end of the year. REINTEGRATION REMAINS TO BE THE “WEAKEST LINK” IN THE COUNTRY’S MIGRATION GOVERNANCE ACCORDING TO A 2023 STUDY FROM THE FRIEDRICH NAUMANN FOUNDATION. AMONG THE IDENTIFIED GAPS IN REINTEGRATION SERVICES ARE ORGANIZATIONAL CHALLENGES FACED BY THE NRCO, FRAGMENTED PROGRAMS, AND LACK OF DATA ON RETURNEES.

CYBERSECURITY

CHALLENGE OF SUCCESS:

As it ramps up growth in key sectors with digitalization, PHL faces rising cyber threats

By Lorenz S. Marasigan

THE Philippines is betting its cards on a digital future. President Ferdinand Marcos Jr. has repeatedly emphasized the country’s need to digitally leap forward and leverage new technologies to drive economic growth and development.

However, as the Pearl of the Orient embraces digital transformation across different industries, the Philippines sometimes finds itself wading through a sea of cyberattacks. O ver the past few years, bad

CHALLENGE OF SUCCESS:

As it ramps up growth in key sectors with digitalization,

These include hacks on the systems of the Philippine Health Insurance Corp., the Congress, the Senate, the Department of Education, the Philippine National Police, and even the Department of Information and Communications Technology (DICT) itself, among others.

Hence, it cannot avoid the fact that cybersecurity is now more than just a technical issue, but is now a national priority.

A s cyber threats continue to evolve in sophistication, organizations, government institutions and individuals are grappling with the stark reality of protecting themselves in an increasingly connected world.

From AI-driven scams to ransomware attacks holding personal and corporate data hostage, the Philippines is facing the realities of a digital landscape that offers both unprecedented opportunities and threats that grow more sophisticated by the day.

Significant surge

THE Philippines has seen a substantial rise in cyberattacks over the past few years.

In fact, recent data from the Philippines Cybercrime Investigation and Coordinating Center (CICC) indicate a staggering 152-

percent increase in cybercrimes and a threefold rise in online scams from 2022 to 2023.

Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky, said their company recently recorded a “significant surge” in ransomware attacks, phishing attempts, and advanced persistent threats (APTs).

R ansomware continues to be a critical concern, he said, particularly as cybercriminals increasingly target high-impact sectors such as finance, healthcare and manufacturing.

Phishing, often conducted through email and social media, is becoming more sophisticated too, with attackers employing advanced tactics to deceive users into disclosing sensitive information.

Furthermore, Yeo said Kaspersky is seeing a rise in APTs, where attackers take a more calculated, long-term approach, infiltrating systems undetected to gather intelligence or disrupt operations. These threats are growing more complex, with cybercriminals leveraging automation and emerging technologies like AI to breach defenses and outpace traditional security measures,” Yeo said.

Bad actors leveraging AI OSCAR VISAYA, Country Manager for Palo Alto Networks in the Phil-

ippines, echoed these concerns, emphasizing that “AI-driven attacks are increasingly prevalent.”

“Cybercriminals are using AI to scale and accelerate attacks, bypass security controls, and refine methods like ransomware and phishing attempts. As AI becomes more integrated into business, it will further expand the attack surface and introduce new vectors for exploitation,” he said.

Yeo explained that cybercriminals are increasingly utilizing AI and machine learning (ML) to elevate the complexity of their attacks and evade detection.

By automating malicious activities such as phishing and malware distribution, AI allows attackers to scale their operations more efficiently and target a wider range of victims.

ML, on the other hand, enables attackers to process large volumes of data quickly, identifying system vulnerabilities and exploiting them more effectively.

Furthermore, AI-driven attacks have become more sophisticated, particularly in social engineering schemes. Scammers can now mimic human behavior with greater accuracy, creating highly personalized phishing attempts that are harder for individuals, especially the untrained, to recognize as threats,” he warned.

Hence, cyber defenses must also keep up to foil attacks.

“Cybersecurity solutions are evolving by incorporating AI, ML, and deep learning to counter increasingly sophisticated attacks. These technologies enable systems to detect threats faster, analyze large datasets, and identify malicious patterns in real time,” Yeo said.

He explained that machine learning helps predict vulnerabilities and proactively respond to new threats, while AI enhances automation and precision in threat detection.

At Kaspersky, we leverage AI and ML in our solutions to continuously adapt to the rapid changing threat landscape. By integrating behavior-based detection and predictive forecasting, we help businesses stay ahead of AI-driven attacks, ensuring more robust and proactive cybersecurity defenses,” he said.

Visaya explained that “traditional security approaches struggle to address AI-powered threats, making a new AI-first security strategy essential.”

“AI can provide predictive capabilities, real-time monitoring, and automated threat responses.

Palo Alto Networks’ Precision AI exemplifies this approach by using rich data and security-specific models for accurate detection, prevention and remediation. Integrating AI into cybersecurity helps organizations stay ahead of threats, mitigate risks, and protect critical infrastructure, while reducing the burden on analysts to focus on strategic issues,” he said.

Industries under siege ON a macro level, several sectors in the Philippines are particularly vulnerable to cyber threats.

According to Yeo, the finance, education, healthcare, and public sectors are prime targets due to the sensitive data they handle and their role in society’s critical functions.

“ The finance sector, handling vast amounts of sensitive financial data, is facing heightened risks from ransomware, phishing, and

data breaches. Schools and hospitals are also prime targets for ransomware due to the critical importance of students’ and patients’ data,” he said.

Yeo noted that the public sector is not immune to these threats, often targeted by APTs aiming to compromise national security and disrupt government operations. A successful attack on government systems could have far-reaching consequences, from undermining public trust to jeopardizing sensitive data on a national scale.

Meanwhile, as organizations continue to modernize their network architectures, their attack surfaces are expanding, Visaya said.

Citing Palo Alto Unit 42’s Attack Surface Threat Research, he said that organizations add over 300 new services each month on average, which drives 32 percent of new high or critical cloud exposures.

Our analysis indicates that the media and entertainment industry leads with over 7,000 new services added monthly. Telecommunications, insurance, and pharma add more than 1,000, while critical sectors like financial services, healthcare, and manufacturing see over 200 new services each month,” he said.

Th is rapid expansion of services creates more entry points for cyber attackers, making it imperative for organizations to monitor and secure their systems proactively.

New challenges and threats with 5G SIMILARLY, 5G, the latest mobile technology, also presents a wider attack surface for potential cyber threats due to the increased number of connected devices and more complex network infrastructure.

“Some of the key cybersecurity risks we anticipate, as seen in the global industry outlook, include potential cyber-attack due to the high-speed and low-latency nature of 5G networks, supply chain vulnerabilities, and IoT vulnerabilities,” Globe Telecom Inc. Chief Information Security Officer Anton Bonifacio said.

To address these challenges, Globe is proactively preparing for a secure 5G rollout by adopting international best practices and further strengthening its existing cybersecurity framework.

These include enhanced security capabilities, stronger supply chain security, and beefed up information security programs.

“Additionally, Globe is adopting 5G-specific security measures, including network slicing, which allows us to allocate resources more efficiently and securely to meet the diverse needs of our customers. This ensures that critical services receive the necessary bandwidth and protection against potential threats,” Bonifacio said.

The PLDT Group, meanwhile, noted that it has “invested in a robust cybersecurity infrastructure powered by advanced security solutions that cast different layers of protection to secure our critical infrastructure and information assets, including customer data.”

A side from strengthening its cyber protection initiatives, PLDT adopted a “zero-trust” mentality, which ensures proactive detection and response to potential threats. This approach is particularly relevant as cybercriminals increasingly exploit vulnerabilities in telecommunications networks to launch large-scale attacks. Both telcos underscored the need for collaboration among all stakeholders—from industry players to suppliers, from government agencies to consumers.

Legislation, policy, action

ACCORDING to DICT Spokesperson Renato Paraiso, the government is taking proactive steps to strengthen the country’s cybersecurity infrastructure. W hile emphasizing that the Cybercrime Prevention Act serves as a solid foundation for addressing cyber threats, he acknowledged that “the law may not fully cover threats posed by emerging technologies,” such as artificial intelligence, machine learning, blockchain, and the Internet of Things.

FACING REALITIES

digitalization, PHL faces rising cyber threats

As cyberattacks become more sophisticated, the Philippines is grappling with outdated laws like the Cybercrime Prevention Act, which struggles to address emerging technologies such as AI, blockchain, and the Internet of Things. Policymakers are working to amend legislation to better protect critical infrastructure and improve data privacy, ensuring that the country’s legal framework keeps pace with evolving cyber threats.

The law may need to be updated to keep pace with technological advancements that could create new vulnerabilities,” Paraiso said. “There are ongoing initiatives to amend the law to address AIdriven cyberattacks, sophisticated phishing schemes, critical infrastructure protection, data privacy and protection.”

Under the National Cybersecurity Plan 2023-2028, the DICT has developed and implemented cybersecurity standards and guidelines for government agencies. This plan includes risk assessment, incident response, and data protection protocols to bolster the government’s cybersecurity posture.

It has also led to the establishment of Computer Emergency

Response Teams (CERTs) within government agencies to handle cybersecurity incidents and coordinate responses. These teams are responsible for detecting, containing and mitigating cyberattacks. Despite these initiatives, enforcement is still a challenge. “ The DICT faces challenges in enforcing cybersecurity standards across government offices, such as limited resources, lack of awareness and compliance, resistance to change, complexity of government networks and evolving threat landscape,” Paraiso lamented.

A lexander Ramos, Executive Director of the Cybercrime Investigation and Coordinating Center (CICC), stressed the importance of international collaboration in com-

batting cyber threats.

We continuously collaborate with foreign counterparts and sharing best practices and sharing of information and trends,” he said, explaining that this collaboration is crucial for addressing the transnational nature of cybercrime as cybercriminals often operate across borders, requiring coordinated efforts from multiple jurisdictions to track and prosecute them.

Talent shortage ANOTHER challenge that the Philippines faces in addressing cybersecurity issues is the shortage of skilled cybersecurity professionals.

A s technology evolves, so does the need for experts who can

navigate this complex landscape. Hence, Paraiso said the DICT has taken steps to address this talent gap by partnering with educational institutions to develop and implement cybersecurity education programs.

These programs aim to equip students with the knowledge and skills necessary to pursue careers in cybersecurity. The agency has also been conducting cybersecurity training programs for existing IT professionals primarily for government personnel, focusing on upskilling them in areas such as threat intelligence, incident response, and digital forensics,” he said.

The government has also supported the implementation of certification programs such as CompTIA Security+, Certified Ethical Hacker (CEH), and Certified Information Systems Security Professional (CISSP).

These certifications help individuals validate their skills and improve their job prospects, contributing to the country’s overall cybersecurity readiness.

Facing realities

THE state of cybersecurity in the Philippines is a dynamic and evolving challenge. However, despite the slew of attacks that the Philippines is being battered with almost on a

daily basis—be it from simple digital scams to massive attacks—the country is making strides in securing its cyberspace.

In September, the International Telecommunications Union, a unit of the United Nations, reported that the Philippines moved up to the 53rd place from its 61st ranking in the Global Cybersecurity Index.

In fact, the Philippines found itself in the Tier 2 ranking, also known as “Advancing” nations, joining 28 other countries such as Ireland, Israel, China, Switzerland and Uzbekistan.

The ITU defines “Advancing” nations as those that scored at least 85 out of 100 “by demonstrating a strong cybersecurity commitment to coordinated and governmentdriven actions that encompass evaluating, establishing or implementing certain generally accepted cybersecurity measures in up to four pillars or a substantial number of indicators.”

The Philippines scored 93.49 points, up from 77 points in 2020, putting it just 1.51 points shy of joining Tier 1 or “Role Modeling” nations, such as Singapore, Indonesia, Egypt, Malaysia, the United States, Thailand and Vietnam.

A side from Lao PDR, the Philippines is the only Asean country in the report that stopped shy of

joining the Tier 1 level. DICT Secretary Ivan Uy called this a “huge achievement.”

It shows that our hard work to protect Filipinos online is bearing fruit, but we are not stopping here. We are on the brink of being a global leader in cybersecurity and we will continue working to safeguard our digital world,” he said. Still, as technology advances, so do the tactics of cybercriminals, requiring a continuous commitment to education, awareness, and investment in robust cybersecurity solutions.

Yeo aptly summarized this: “To enhance cybersecurity maturity across the board, it is essential for companies to cultivate and nurture a stronger cybersecurity culture, invest in comprehensive solutions tailored to their specific needs, and prioritize ongoing employee training and awareness.”

The reality that the Philippines faces today is not merely a matter of whether or not a cyberattack will occur, but when. The most important question remains: Is the country well-prepared to face these realities head-on or will it be caught off guard when the next wave of cyber threats inevitably strikes? Now that, is the challenge that awaits as the country gears up for a challenging 2025.

The Long Road to a Cleaner Energy Future

by Joseph Lacson, AboitizPower Chief Investment Officer

WHILE we all hope that the transition to renewable energy will be swift, the reality is that the revolution will likely take time, feature a basket of solutions, and be in stages rather than through one simple, instantaneous “magic bullet”.

The transition to a cleaner energy future will not happen overnight.

The current energy landscape which features the pervasive use of thermal sources — fuel for planes, ships, and cars and coal for electricity — did not emerge over a year or even several years. The current energy landscape was borne out of decades upon decades of developments.

Let’s take the gas you use in your cars. Do you ever wonder why the cost of transporting that fuel from, say, Saudi Arabia to Manila’s gas stations isn't a big factor in the cost of your gas? Saudi Arabia is over 8,000 kilometers away from the Philippines. Then factor in having to transport that gas — not the easiest to transport given their liquid, combustible nature — in specialized tankers. Then having to take

that fuel from our port depots to the thousands of gas stations all over the 7,100 islands. Why isn’t that a big part of your gas costs?

The answer is that the last fifty to a hundred years have seen the growing efficiency of the infrastructure around transporting gas. Oil and gas companies have undergone decades long improvements in hydrocarbon logistics — from pipelines, refineries, depots, vessels, to road tankers — so much so that the cost of transporting from the oil producing countries to most anywhere in the world is just about $2-6 per barrel, based on tanker spot freight costs.

Trial and error, market driven efficiency, government policies and social norms all played a role in making the oil industry what it is today

— pervasive, impactful and able to actively respond to pricing changes. The current oil-based supply chain works well only because it took decades to get to this point. Likewise, by replacing the fossil fuel-based electrical power ecosystem with better and cost-effective options, you can just imagine how long it will take to do so. Attempts to replace the current system must be met with efficient, effective, and a more widely acceptable set of options.

But while the transition to a cleaner energy future will not happen overnight, it will happen. The good news is that we’re probably past the innovation stage — where there is risk taking and initial testing — as we have promising solutions in wind, hydro, solar, etc., along with customer adoption going beyond just governments or laboratories. The

transition, in my estimation, is at the mid-early adopter phase, where those who have greater financial and non-financial capacity have a bit more leeway to take on the change. But the fact of the matter is there just isn’t enough solutions yet to sufficiently generate renewable energy and then transmit it from source to meet the demand patterns of end-users. While developments in certain high energy use sectors like industry and transport make the adoption of renewable energy more widespread, it still lacks the maturity and scale to displace todays’ current solutions.

For context, in terms of customers, a number of companies are actively seeking renewable energy sources as their industry dynamics allow for it. But rarely are there companies who solely rely on 100%

renewable energy without back-up from the grid. Bottomline: they still need stable electricity. After all, these variable renewable resources have an element of unpredictability in them. That is unless better energy storage solutions are rolled out, but that is still an area experiencing significant but not yet sufficient development. So much so that the cost of electricity from variable renewable energy sources coupled with energy storage is still well above the cost of traditional sources.

Moreover, the very physical element of power generating assets will also mean that a variety of capital and assets will be required to address the entire nation’s energy needs. There are limits to how much land can be devoted to solar energy, as an example, as needs for energy start abutting Philippine food secu-

rity. Hydropower can only be found in particularly limited locations as with geothermal power. Wind sources face the same constraints as solar power if not more so.

Thus, it is inconceivable that only one type of energy source will be required. In fact, a more reliable source of baseload power — liquified natural gas, ammonia or perhaps even nuclear power — will be required over the next decade to work in lockstep with numerous renewable energy types and to meet the Philippines’ growing electricity needs. On the transmission and distribution side, a more responsive grid that connects often far flung sources of power to the energy use centers will have to be built. This very act will require significant, often underappreciated funding. Not only will new power lines be needed but these lines need to be able to do more in order to take in various energy sources, some intermittent, others baseload.

It will also require gaining permits over land. In the Philippines, that can only happen in bits and pieces. This new transmission and distribution system will have to be built while we rely on our current system akin to changing a plane while mid air.

Finally, changing the demand side will require a number of different answers as well. The facilities or appliances will face modifications but that I think will be less difficult than the changes required on the entire demand management ecosystem which often relies on a simplistic peso-per-kilowatt approach rather than on more sophisticated pricing schemes.

Even more laudable would be a future wherein end users can effectively sell back power to the grid for energy that their house or car generates. The changes needed to make that happen — including the appliances required and what to make of the grid distribution service — will be mammoth.

But the wheels of change are rolling. Innovation drives down costs which then convinces more users to embrace cleaner solutions.

ous cycle is then created

ters more innovation,

and reaches even more

The transition to more renewable sources of energy will take time to progress, much like how the oil industry and its reliant sectors took decades upon decades to develop. (This is an A.I.

FACING REALITIES

DISINFORMATION AND A.I.

How foreign operations are manipulating social media to influence your views

By Filippo Menczer, Indiana University The Conversation

FOREIGN influence campaigns, or information operations, have been widespread in the run-up to the 2024 US presidential election.

Influence campaigns are largescale efforts to shift public opinion, push false narratives or change behaviors among a target population. Russia, China, Iran, Israel and other nations have run these campaigns by exploiting social bots, influencers, media companies and generative AI.

A t the Indiana University Observatory on Social Media, my colleagues and I study influence campaigns and design technical solutions—algorithms—to detect and counter them. Stateof-the-art methods developed in our center use several indicators of this type of online activity, which researchers call inauthentic coordinated behavior. We identify clusters of social media accounts that post in a synchronized fashion, amplify the same groups of users, share identical sets of links, images or hashtags, or perform suspiciously similar sequences of actions. We have uncovered many examples of coordinated inauthentic behavior. For example, we found accounts that flood the network with tens or hundreds of thousands of posts in a single day. The same campaign can post a message with one account and then have other accounts that its organizers also control “like” and “unlike” it hundreds of times in a short time span. Once the campaign achieves its objective, all these messages

can be deleted to evade detection.

Using these tricks, foreign governments and their agents can manipulate social media algorithms that determine what is trending and what is engaging to decide what users see in their feeds.

Generative AI

ONE technique increasingly being used is creating and managing armies of fake accounts with generative artificial intelligence. We analyzed 1,420 fake Twitter—now X—accounts that used AI-generated faces for their profile pictures. These accounts were used to spread scams, disseminate spam and amplify coordinated messages, among other activities.

We estimate that at least 10,000 accounts like these were active daily on the platform, and that was before X CEO Elon Musk dramatically cut the platform’s trust and safety teams. We also identified a network of 1,140 bots that used ChatGPT to generate humanlike content to promote fake news websites and cryptocurrency scams.

In addition to posting ma-

chine-generated content, harmful comments and stolen images, these bots engaged with each other and with humans through replies and retweets. Current state-of-theart large language model content detectors are unable to distinguish between AI-enabled social bots and human accounts in the wild.

Model misbehavior

THE consequences of such operations are difficult to evaluate due to the challenges posed by collectingdata and carrying out ethical experiments that would influence online communities. Therefore it is unclear, for example, whether online influence campaigns can sway election outcomes. Yet, it is vital to understand society’s vulnerability to different manipulation tactics.

In a recent paper, we introduced a social media model called SimSoM that simulates how information spreads through the social network. The model has the key ingredients of platforms such as Instagram, X, Threads, Bluesky and Mastodon: an empirical follower network, a feed algorithm, sharing and resharing mechanisms, and metrics for content quality, appeal and engagement.

SimSoM allows researchers to explore scenarios in which the network is manipulated by malicious agents who control inauthentic accounts. These bad actors aim to spread low-quality information, such as disinformation, conspiracy theories, malware or other harmful messages. We can estimate the effects of adversarial manipulation tactics by measuring the quality

of information that targeted users are exposed to in the network. We simulated scenarios to evaluate the effect of three manipulation tactics. First, infiltration: having fake accounts create believable interactions with human users in a target community, getting those users to follow them. Second, deception: having the fake accounts post engaging content, likely to be reshared by the target users. Bots can do this by, for example, leveraging emotional responses and political alignment. Third, flooding: posting high volumes of content. Our model shows that infiltration is the most effective tactic, reducing the average quality of content in the system by more than 50%. Such harm can be further compounded by flooding the network with low-quality yet appealing content, thus reducing quality by 70%.

Curbing manipulationcoordinated

WE have observed all these tactics in the wild. Of particular concern is that generative AI models can make it much easier and cheaper for malicious agents to create and manage believable accounts. Further, they can use generative AI to interact nonstop with humans and create and post harmful but engaging content on a wide scale. All these capabilities are being used to infiltrate social media users’ networks and flood their feeds with deceptive posts. These insights suggest that social media platforms should engage

in more—not less—content moderation to identify and hinder manipulation campaigns and thereby increase their users’ resilience to the campaigns.

The platforms can do this by making it more difficult for malicious agents to create fake accounts and to post automatically. They can also challenge accounts that post at very high rates to prove that they are human. They can add friction in combination with educational efforts, such as nudging users to reshare accurate information. And they can educate users about their vulnerability to deceptive AI-generated content.

Open-source AI models and data make it possible for malicious agents to build their own generative AI tools. Regulation should therefore target AI content dissemination via social media platforms rather then AI content generation. For instance, before a large number of people can be exposed to some content, a platform could require its creator to prove its accuracy or provenance. These types of content moderation would protect, rather than censor, free speech in the modern public squares. The right of free speech is not a right of exposure, and since people’s attention is limited, influence operations can be, in effect, a form of censorship by making authentic voices and opinions less visible.

ELDERLY IN THE WORKFORCE

THE BITTERSWEET REALITY OF REACHING 60s

By Justine Xyrah Garcia

THE high poverty rate among Filipino senior citizens is a harsh reminder that retirement is often not an option for many.

A recent study by the Asian Development Bank (ADB) found that as people age, especially those without adequate social protection, they become more financially insecure—making them highly vulnerable to poverty.

A DB’s data shows a significant proportion of elderly Filipinos living in poverty. In the age group 75 and over, 8.1 percent are classified as extremely poor, while an additional 29.9 percent are moderately poor, totaling nearly 38 percent of seniors in this group falling below the poverty line. The numbers are similarly concerning in younger senior age brackets: poverty rates are at 31.8 percent in ages 70 to 74; 30.1 percent in 65 to 69; and 27 percent in 60 to 64. Th is financial vulnerability forces many senior citizens to remain active in the workforce.

According to the Philippine Statistics Authority, 4.99 million

Continued on I2

THE BITTERSWEET REALITY OF REACHING 60s

Filipinos aged 60 and above were still working in 2023—a 6.5 percent jump from 2022.

O ver the past five years, this figure has grown by a staggering 33.12 percent, signaling a nationwide trend where aging no longer means rest but continued labor.

For Lawrence Dacuycuy, chair of the Social Science Division at the National Research Council of the Philippines, the reasons are clear. The lack of sufficient resources for retirement is a key driver.

Many Filipinos are financially unprepared for retirement due to the absence of adequate private pension plans, forcing them to continue working well into their later years. There’s also the need to augment household income especially when unexpected circumstances, such as unemployment episodes experienced by breadwinners, arise,” Dacuycuy said.

These figures represent a bittersweet picture of aging in the Philippines: while people are living longer, many are unable to enjoy the retirement they hoped for. Instead of leaving the labor force, they continue working to sustain themselves and their families.

Empowering the elderly

IN response to the growing number of senior citizens who remain active in the workforce due to financial necessity, the Department of Labor and Employment (DOLE) has launched several initiatives to assist older Filipinos in finding and retaining jobs.

These efforts aim to address the challenges senior citizens face in a labor market that often favors younger, more physically able workers.

“Ang isang nakikita namin doon ay nabubuhayan sila ng pag-asa na makakita ng trabaho. Wini-welcome namin ito,” Labor Secretary Bienvenido Laguesma told the BusinessMirror, when asked about the continuous increase of the elderly in the workforce.

Th rough its Bureau of Local Employment (BLE), DOLE is currently rolling out programs designed to enhance employability and career development for older adults.

One of the central mechanisms for this effort is the Public Employment Service Office (PESO) network, which has over 1,600 branches across the country. PESO serves as a key facilitator in matching senior citizens with job opportunities in their local communities.

Since 2022, approximately 309,409 senior citizens have benefited from employment facilitation services provided by PESOs.

It’s always the [local government unit] na nagiging focal natin dyan,” BLE Director Patrick Patriwirawan explained.

The actual upskilling and reskilling efforts for senior citizens at the community level happen through the Community Training and Employment Coordinators, who are responsible for organizing training sessions designed for seniors to meet the specific needs of various industries.

According to Patriwirawan, the common industries that old workers land into are the following: call center agent, housekeeper, laborer, gardener, utility worker, farmer, office clerk, market vendor, sales lady, and even construction laborer.

In addition to employment services, some 12,021 seniors since 2022 were also assisted through DOLE’s Integrated Livelihood Program, which aims to provide sustainable means for seniors to support themselves.

So start-up siya. Ang binibigay ng DOLE dito ay yung capital in the form of tools or equipment na kailangan ng beneficiary,” the BLE director said.

For the National Commission for Senior Citizens (NCSC), these initiatives to help seniors are very much welcomed.

A s NCSC Commissioner Mary Jean Loreche said, it is a “must” for older folks—as long as they are still capable—to be involved in nation and economic building.

“ There are only three criteria to qualify them. They should be physically, mentally and emotionally capable to work,” she said.

A lthough the commission was established four years ago, it has yet to roll out most of its programs, especially since many remain in the planning stage.

Currently, NCSC is primarily engaged in maintaining constant communication with LGUs to address the needs of senior citizens at the local level. It also runs a community care initiative focused on health and wellness for the elderly.

“Most are just in the pipeline… you have to understand that we were just created by law in 2019,” Loreche said.

One of the key programs in the pipeline is the Senior Citizens’ Action for Development and Nation Building, which NCSC aims to launch next year.

Th is program is expected to focus on enhancing the employability of senior citizens.

Poverty persists

WHILE the DOLE and NCSC have made various efforts to provide employment opportunities for senior citizens, these initiatives often only focus on improving the latter’s employability.

They, unfortunately, fail to address the underlying issue of poverty that compels these workers to remain active in the labor force.

L oreche expressed growing concern over how poverty is often used as a justification for seeking government assistance which, in her view, perpetuates a cycle of dependency.

“If you look at it, we use poverty as a reason for dole-outs… we have the culture of making people understand that poverty is a reason for you to be supported by the government of this X amount,” she said.

“ What if we change the paradigm?” Loreche asked.

But for many seniors, poverty is not just a reason—it is a reality that dictates their daily lives.

Weight of continuous labor

ZENAIDA MAGANTE , 66, has spent the last 30 years of her life sweeping the streets of Las Piñas. For a half day of work, she earns P300—an amount she has to stretch to cover the needs of her four young grandchildren and a 72-year-old husband suffering from prostate illness.

Without any retirement benefits or savings to fall back on, Zenaida has no choice but to keep working. After the death of her only daughter, Zenaida’s modest earnings have become the lifeline of her family since the early 2010s, keeping food on the table and providing for basic needs. Syempre, para kumita” she admitted when asked why she continues to work. “Para mabuhay ’yung mga apo ko at makatapos ng pag-aaral. Wala naman kasi akong maibibigay kung hindi edukasyon.” Like many elderly Filipinos,

Zenaida faces the harsh reality that despite years of work, retirement remains to be an unreachable dream.

The mounting costs of healthcare, combined with the lack of savings and the absence of a pension, have left senior citizens like Zenaida trapped in a cycle of labor.

Kung may pondo, mag ni-negosyo na lang ako” she said, “Mahirap mag walis pag mainit, may ulan pa. Nahihilo ako lagi.” Still, despite the strain on her health and the exhaustion of daily labor, Zenaida holds on to hope— the hope that her grandchildren will one day have the opportunities she never had.

Policy interventions

AS more senior citizens continue to work due to their financial needs, Dacuycuy emphasized the importance of a long-term, comprehensive solution to address the root cause of elderly poverty. One crucial intervention is for the government to index pensions and benefits to inflation.

Dacuycuy explained that by linking pensions to inflation rates, seniors would be better prepared to cope with rising costs in healthcare and housing, ensuring them financial stability even in times of economic turmoil.

Additionally, a reassessment of the country’s pension system is crucial.

The labor economics expert suggested that a universal income for the elderly could replace temporary financial aid measures like the ayuda, providing a more reliable income stream for seniors.

“ The government must assess whether our pension system is viable, responsive and dynamic…. A version of universal income for the elderly may be crafted to ensure that minimum requirements for enjoying the golden years are assured,” he added.

Despite the unfortunate reality that many senior citizens face today, Dacuycuy still believes that elderly poverty is not an inevitable part of life.

With the right policies in place—such as encouraging early saving, adjusting pensions to inflation, exploring universal income— senior citizens can enjoy a more secure and dignified retirement.

HIRING THE AGED Government programs tend to focus on employability rather than address the underlying issue of poverty that compels the elderly to remain active in the labor force. BERNARD TESTA

FACING REALITIES

ELDERLY POVERTY MAY NOT BE AN INEVITABLE PART OF LIFE. AS MORE SENIOR CITIZENS CONTINUE TO WORK DUE TO THEIR FINANCIAL NEEDS, A LONG-TERM, COMPREHENSIVE SOLUTION TO ADDRESS ITS ROOT CAUSE IS IMPERATIVE.

Thursday, October 10,

To better address the needs of older populations, researchers and media should stop fussing over aging

By Najmeh Khalili-Mahani Researcher, Director of Media-Health/ Game-Clinic laboratory, Concordia University

THE world seems to be obsessed with aging. The media is plagued with articles about the costs of growing older, the cure to aging and secrets to aging successfully. Alongside these concerns, we strive to age gracefully or become “cognitive super-agers”—people whose brains function like those of a much younger person.

Not everyone fears aging. There are also those who embrace it, and suggest that, instead of viewing aging as something to overcome, we should view it as “second adulthood”—an opportunity in life after retirement, to complete, consolidate and share experiences of lives that were meaningfully lived. But even in embracing aging, we seem to be defensive about it.

Aging stereotypes in media

THE media is largely responsible for creating and driving ageist stereotypes of older adults. An analysis of more than one billion entries in British and American media databases found that negative aging descriptions were six times higher than the positive descriptions.

The study found that negative descriptions of older adults tended to be physical, like portraying

them as frail. On the other hand, positive descriptions tended to be behavioral, such as portraying older adults as caring.

Visual representations of aging create good and bad stereotypes. Images of active and happy older adults create positive ageist stereotypes, while images of vulnerable and frail older adults create compassionate ageist stereotypes that are patronizing. These positive and negative stereotypes have cultural and political implications that determine how societies care for their older generations.

For example, a study about how older adults were portrayed in news media covering disasters in Canada showed a mismatch in communication between journalists and the older individuals whose stories were reported.

The media portrayed older adults on a spectrum from vulnerable to heroic. By focusing on narratives of the brave older adult fighting for their home, journalists diverted the attention from the real need for disaster relief.

COVID-19 exposed the consequences of media ageism as well.

One study found that news coverage of older adults in New Zealand treated them as a nameless, homogeneous group who were at risk and passive. The consequence of such messaging became evident in high rates of insensitive and stig-

matizing comments about older adults on Twitter. A cross-cultural study in the UK and Colombia showed that the older adults were also angered by the protective ageism exercised during COVID-19.

Our own investigation of the reactions on the social media to mainstream media articles about how older adults were coping with COVID-19 stress showed that older adults strongly objected to the writers’ assumptions about their coping needs. We also found a generational difference between parents and children in understanding older adult coping resources.

‘Successful aging’

THE concept of successful aging can be traced back to researchers John Rowe and Robert Kahn. In their 1987 study on different types of aging, they defined two distinct types: successful aging (high functioning and low risk for developing age-related deficits) and usual aging (healthy but high risk for developing age-related deficits). They called on other researchers to seek interventions that increased the likelihood of belonging to the successful aging group.

Helping older adults age successfully is now a worldwide research initiative. In 2021, the World Health Organization (WHO) announced a collaboration with the United Nations’ agenda called

the Decade of Healthy Ageing to improve the lives of older people and their communities.

According to the WHO, healthy aging means the ability to maintain mental and physical capacity for staying mobile and active, making decisions, building and maintaining relationships, and contributing to society.

At first glance, concerns with aging seem to be motivated by a good cause, but upon closer inspection these concerns can be problematic. By overemphasizing healthy aging, those who are unable to age successfully are implicitly stigmatized.

A s gerontologist Tracey Gendron argues in her book Ageism Unmasked, overstating the necessity of retaining independence and functionality in later years of life gives rise to ageism.

The catch-22

ROBERT NEIL BUTLER , the founding director of the National Institute on Aging, coined the term Ageism in 1969. In his highly cited article “Age-Ism: Another Form of Bigotry” he wrote: “ We have chosen mandatory retirement from the work force and thus removed the elderly from the mainstream of life. Ageism is manifested in the taunting remarks about ‘old fogeys’ in the special vulnerability of the elderly to muggings and robberies, in

age-discrimination in employment independent of individual competence, and in the probable inequalities in the allocation of research funds.”

Ironically, to further emphasize the necessity of increasing funding for studying aging, Butler reverted back to highlighting the narrative of age-related deficit: “persons 65 years of age and over account for 25% of all public mental hospital admissions.”

Th is is the catch-22, or the double bind created by paradoxical messaging from the same source.

Like Butler, most researchers that focus on aging justify their proposals based on age-related deficits. In a recent literature review of assistive information technologies for healthy aging, we found that the narrative of aging as a vulnerability or impending cost dominated the rationales for conducting research.

Mind the language A MULTINATIONAL study of selfageism shows that self-ageism— internalized prejudices against one’s own age—is culturally grounded.

Yale health professor Becca Levy has extensively researched the adverse effects of self-ageism on both mental and physical health. Beliefs about aging shape all aspects of our lives.

Negative stereotypes of ag-

ing mean older adults are less willing to seek help when they need it. Ageism and a lack of agefriendly communications alienate older adults from participating in research about their health. This makes them shy away from seeking care, or participating in research that can benefit them.

Those who study successful aging are well aware that age—as a generalizing variable—does not predict the capacities or needs of older study participants. But then why do we keep using age as a numerical or categorical index? Th is catch-22 is a conflict in communication—the words researchers use to communicate their goals matter. If researchers wish to address the growing needs of older populations in a meaningful way and create effective assistive care strategies, they should stop sampling by age and start sampling by needs instead. To lock individuals into the narrative of age as a vulnerability means inevitably creating ageist stereotypes.

Najmeh Khalili-Mahani received funding from FRQSC.

This article is republished from The Conversation under a Creative Commons license. Read the original article: https://theconversation.com/ to-better-address-the-needs-of-older-populationsresearchers-and-media-should-stop-fussing-overaging-195626.

DEBT AUDIT

FACING THE COUNTRY’S BALLOONING DEBT:

Do more loan-bolstered funds spell certain progress?

By Reine Juvierre S. Alberto

CHILDREN adore balloons. They are lightweight, colorful and can be carried easily by their tiny and gentle hands.

But when a balloon expands and its flexible membrane can no longer hold the weight, it bursts— causing shock and distress among them and leaving behind a mess.

Like the saying “don’t cry over spilled milk,” children don’t need to be sad over a popped balloon as they are gripping at an invisible one already, continuously growing every day.

The Philippines’s debt bal-

looned to P15.550 trillion as of the end of August 2024, with every Filipino—from a newborn to an aging adult—carrying a staggering financial burden of P138,652 to pay the price of the government›s decisions.

Th is indebtedness will become heavier through the years as the nation’s debt is projected to reach

Continued on J2

FACING THE COUNTRY’S BALLOONING DEBT:

Do more loan-bolstered funds spell certain progress?

P20.7 trillion in 2028 or at the end of Marcos Jr.’s administration.

Inherited debt

FINANCE Secretary Ralph G. Recto pointed out that the government’s outstanding debt was inherited from the previous administrations.

Ferdinand Marcos Sr.’s administration ended with a P367-billion debt, which was inherited by Corazon Aquino to address, but borrowings continued and stood at P739 billion.

Debt at the time of Fidel Ramos reached P1.420 trillion, while Joseph Estrada’s term finished with P2.186 trillion in debt.

Gloria Macapagal Arroyo’s administration weathered the global financial crisis and implemented tax reforms but borrowings still peaked at P4.6 trillion. Debt management was prudent during Benigno Aquino III’s term, increasing to P4.6 trillion.

Then, the pandemic hit at the time of Rodrigo Duterte. The economic slowdown and pandemic response drove debt to shoot up to P13.4 trillion. By the time Ferdinand Marcos Jr. came, debt had widened to P15.6 trillion.

‘Manageable, sustainable’

MANAGERS of the government’s financial resources maintained that the country’s debt levels “remain manageable” and “sustainable” as the debt-to-GDP (gross domestic product), or debt measured against the economic growth, is

currently at 60.9 percent.

Th e Department of Budget and Management (DBM) told the BusinessMirror that the Philippines’s debt-toGDP ratio has already peaked in 2023 and will consolidate rapidly over the medium term, based on the Debt Sustainability Analysis.

Compared to other Asean countries’ debt-to-GDP ratios in 2023, the DBM said the Philippines (60.2 percent) sits between Singapore (174.1 percent) and Brunei (1.9 percent).

The Department of Finance (DOF) said the country’s debt-to-GDP ratio gradually declined from 60.9 percent in 2022 to 60.1 percent in 2023. “We are determined to continue pushing it below 60 percent so we have enough buffer in case another crisis hits us.”

The Cabinet-level Development Budget and Coordinate Committee (DBCC) also expects the debt-to-GDP ratio to decline to 56.3 percent by 2028—below the 70-percent public debt threshold of the International Monetary Fund (IMF) for emerging-markets economies.

‘Nothing wrong with higher debt’ RECTO has argued that as the government’s debt increases, the economy also expands causing Filipinos’ income to increase and reduce poverty. “Mukha mang patuloy na lumalaki ang ating utang ngayon, patuloy naman na lumalago ang ating ekonomiya.”

The Finance chief said total debt will roughly be P20 trillion in 2028 but the economy will be P37 trillion. “ There is nothing inherently wrong

with a country having debt as long as the money is used for the right purposes, such as growing the economy, which in turn creates more jobs, increases income and provides more revenues for the government,” Recto said.

However, Freedom from Debt Coalition (FDC) Secretary General Rovik Obanil told the BusinessMirror that this is not always the case and not necessarily true.

Obanil said under Marcos Sr., the Philippines faced a debt crisis. Before that, the national debt surged, but due to corruption and mismanagement, only a few benefited from the loans incurred. It took us more than a generation to pay off [that debt]. So that is not automatic [that] just because the debt keeps growing, so does the economy,” he added.

“ We are very concerned,” Obanil said, noting that the Covid-19 crisis provided an excuse for increased borrowing. “The economy has reopened after that but the debt has not gone down to prepandemic levels.”

‘Multiplier effect’

FACING REALITIES

FOR THIS YEAR, THE GOVERNMENT WILL PAY P2.027 TRILLION IN DEBT SERVICE EXPENDITURES, INCLUDING INTEREST PAYMENTS AND PRINCIPAL AMORTIZATION. IN 2025, THIS WILL INCREASE TO P2.050 TRILLION BY 1.13 PERCENT.

This increase can stimulate private consumption, which would have a large positive impact on the economy. Over time, the investments will translate into increased productive capacity in the economy, laying the foundation for longterm economic growth,” it added.

A lthough rising debt levels may look alarming and harmful to the country, the DBM said it could stimulate economic growth and development with effective fiscal management.

Debt service over social service

THE program head of the Asian Peoples’ Movement on Debt and Development (APMDD) Debt Justice, Mae Buenaventura, told the BusinessMirror that for many years, the Philippines has prioritized budgets for debt servicing. Buenaventura said under the Automatic Appropriations Law or Presidential Decree No. 1177 issued by former President Ferdinand Marcos Sr., debt payments come before any other public expenditure.

Based on the 2025 National Expenditure Program (NEP), the allocation for interest payments for 2025 significantly increased by 26.48 percent to P848.03 billion from P670.47 billion this year.

That law should be scrapped because that is very undemocratic,” Buenaventura stressed, adding that it’s an injustice to automatically allocate funds for debt payments instead of social services.

For this year, the government will pay P2.027 trillion in debt service expenditures, including interest payments and principal amortization. In 2025, this will increase to P2.050 trillion by 1.13 percent.

“ When a large portion of the budget is used to pay off debt, there’s less money available for everything else the government needs to spend on. This often leads to cuts in areas like social services, which include education, healthcare and other essential programs,” Obanil said.

Th is is a knee-jerk reaction in many countries that when funds are tight, spending on these crucial sectors is reduced.

Where does the money go?

THE government will continue to prioritize spending on infrastructure, as it targets to spend an average of 5 to 6 percent of the GDP annually. These include roads, bridges, railways, airports and seaports all over the country.

Meanwhile, next year’s budget allocations for the education sector inched up by 0.9 percent to P977.6 billion from P968.88 billion in 2024, while the public works sector will receive P900 billion, a 9.8-percent decrease from P811.8 billion.

The health sector will receive P297.6 billion; followed by interior and local government with P278.4 billion; defense, P256.1 billion; social welfare, P230.1 billion; agriculture, P211.3 billion; transportation, P180.9 billion; judiciary, P63.6 billion; and justice, P40.6 billion.

The national government remains focused on prioritizing expenditure items that will steer the economy back to its highgrowth trajectory—ensuring that economic expansion outpaces the increase in borrowings,” the DBM said.

How debt is managed

THIS year, the government adopts a 75:25 borrowing mix, of which 75 percent will be borrowed domestically and 25 percent will come from foreign sources. In 2025, it will shift to a mix of 80:20 to mitigate foreign-exchange risks.

“ The country’s debt remains largely in the medium- to longterm maturity profiles, comprising 94 percent of total debt, indicating better management of refinancing requirements,” the DOF told the BusinessMirror

Th e DOF asserted that the Philippines is not at risk of a debt crisis as the Bureau of the Treasury (BTr) adopts a “prudent” and “proactive” stance to avoid it as implications can be massive and persistent.

Its borrowing decisions are guided by cash flow needs, risk and cost objectives to minimize risks from market movements and debt rollovers,” it added. Meanwhile, the DBM said the

government’s commitment to pursue fiscal consolidation remains intact, focusing on increased revenue collection through enhanced tax administration and updating tax reforms. At the same time, it is reprioritizing spending, directing resources toward infrastructure and social development.

The Ease of Paying Taxes Act modernizes tax administration while taxes on digital services, single-use plastics and motor vehicle charges are docked in Congress for passage.

These tax reforms are expected to generate P28.4 billion and reduce the debt-to-GDP ratio to 60.4 percent in 2025.

The government also employs a two-tier budgeting approach, which separates budget deliberations on existing programs and projects from new spending proposals or projects for expansion.

Additionally, the government’s Budget Priorities Framework aligns the budget to the nation’s most pressing needs, while Cash-Based Budgeting limits the budget implementation to just one year to ensure timely delivery of goods and services to the public.

Tax the rich

THE DOF is firm on its stance on not inflicting new taxes this year despite the high revenue collection target of P4.3 trillion.

FDC has been calling for a one-off wealth tax as an alternative source of revenue. As such, a 1.50-percent tax rate will be applied to those with a net worth of P300 million up to P500 million. The rate will increase as the net worth also goes up.

FDC has been calling for a wealth tax as an alternative source of revenue. Obanil said the government can expect to generate at least P200 billion from taxing the rich.

“ We believe it’s only fair. It’s like a form of solidarity,” he said, adding that those who gained wealth during a crisis should contribute more to rebuilding the economy.

FDC argues that the wealthiest Filipinos contribute only a small percentage of their income

ROOM FOR HOPE. Industries have returned to normal operations, giving hope to a revived economy. But public debt continues to mount. BERNARD TESTA

Facing the country’s ballooning debt...

LAOS BECKONS

PHL’s Asean neighbor a rising jobs destination for migrant workers, but the risk of being a magnet for human traffickers persists

By Samuel P. Medenilla

VIENTIANE, Laos—The good news: employment opportunities are growing fast in the Lao People’s Democratic Republic (LPDR), but this early, Philippine officials are looking to avoid the great risk that this can be used by human traffickers and illegal recruiters to lure more Filipino victims.

Demand for overseas Filipino workers (OFWs) in the Lao People’s Democratic Republic has been gradually increasing as the landlocked country at the heart of Southeast Asia launches massive infrastructure projects with the help of the belt-and-road initiative of China.

However, the Department of Migrant Workers (DMW) is wary LPDR’s reputation as a new potential work destination can be exploited by predators so they are factoring this into programs to prepare migrant workers for their new hub. A aron Inventor, a 51-yearold nurse turned English teacher, noticed the rise in the growing

THE Pha That Luang Temple in Vientiane, Laos. AP/SAKCHAI LALIT

LAOS BECKONS

PHL’s Asean neighbor a rising jobs destination for migrant workers, but the risk of being a magnet for human traffickers persists

number of OFWs in Laos over the years as it builds dams to generate electricity in the Mekong River in its attempt to become the so-called “battery” of Southeast Asia. “ There has been an increase [in the number of OFWs] . . . especially in the construction [sector]. There are a lot of projects going on here in Laos. Once their project is completed they go home,” Inventor told reporters in an interview.

Highly regarded

INVENTOR said most OFWs in LPDR are highly regarded since many of them are professionals who made contributions to their communities.

They have high respect and status as professionals. And it is an honor to be called an overseas worker here in Laos,” he said.

Filipino professionals, particularly those employed in international or bilingual schools, are paid salaries of over $1,000, according to Inventor, who owns a school in LPDR.

Inventor said the proficiency of Filipino in English gives them an edge in the LPDR labor market.

However, he said migrants who are interested to work in LPDR will face challenges in terms of adapting to the culture, learning the language, and getting used to the spicy food in the Southeast Asian country.

Pleasant surprise

INVENTOR was among the OFWs who attended President Ferdinand Marcos Jr.’s meeting with the Filipino community (FilCom) in Latsavong Wanda Vista Vientiane Hotel on October 9 as part of his trip in LPDR to attend the 44th and 45th Association of Southeast Asian Nation (Asean) Summits and related summits.

Marcos admitted he was pleasantly surprised by the considerable number of Filipinos in LPDR.

The truth is, when we were making my schedule for the attending the Asean Summit…there is always a FilCom [meeting] whenever I have a trip [abroad],” Marcos said in Filipino during his speech at the FilCom meeting.

“But I said, probably in Vientiane, Laos, there will be no Filipino. I was surprised when they said there are many Filipinos and these

were their jobs,” he added.

The Department of Foreign Affairs (DFA) said there are an estimated 2,000 Filipinos in Laos, mostly employed as teachers, engineers, welders, accountants, administrators, pharmacists, and hospitality workers.

Marcos said he hopes they will continue to become the country’s “superlative ambassadors” in LPDR through their good reputations.

So it is my wish for you to continue becoming Filipino ambas-

sadors of Filipino goodwill here in Lao PDR,” he said. The President also assured them his administration will continue to push for the enhancement of the working conditions and the protection of OFWs abroad.

Changing demographics

DMW Secretary Hans J. Cacdac also confirmed the rise in the number of OFWs in LPDR as well as their changing demographics. Before, [LPDR] was a market

for teachers. But now, we can see it now includes those in the construction and professional sector, making it a diverse [market]. It now includes engineers and others related to construction work,” said Cacdac, speaking in Filipino, in an interview.

With the opening of more hotels and other similar establishments in LPDR, Cacdac said it is now hiring more migrant workers in its hospitality industry.

In latest annual data, the DMW reported that its deployment for land-based OFWs in Laos rose to 1,448 last year from just 614 in 2022. Of the 2023 figure, 1,226 were rehires and 222 were new hires.

The figures still pale in comparison with the 2023 deployment figure of other top destinations in Asia, including Singapore (182,231), Hong Kong (175,877) and Japan (45,724).

Joint efforts

SOME OFWs in LPDR, however, have become victims of human trafficking and illegal recruitment and end up working in the illegal companies in the Golden Triangle

Special Economic Zone (GTSEZ), which is known for its casinos.

Most victims were forced to engage in cyber scam by their captors.

L ast August, Laotian authorities cracked down on the illegal activities, leading to the arrest of around 800 persons and the rescue and repatriation of over 75 OFWs.

To prevent similar incidents, Cacdac said they are now working with other government agencies, particularly the Department of Justice, and Laotian authorities to enhance their anti-illegal recruitment campaign.

“ We partnered with the Lao government and member states of Asean to fight human trafficking and illegal recruitment. There is an anti-human-trafficking convention, which is active across Asean. It is a legally binding agreement and is a treaty for all intents and purposes,” Cacdac said.

“So that is our commitment, to fight human trafficking,” he added.

A s of last month, DMW reported it was able to register 231 Filipino victims who were trafficked and forced to engage in crypto-scam in LPDR.

By John Eiron R. Francisco

orth-Diamond Consumer

NGoods Trading (NDCGT) is set to transform the Philippine market with its exclusive line of highend European homewares, designed to elevate home and living room experiences through sustainable practices and unparalleled comfort.

The Filipino consumer should select North-Diamond, because we offer our customers the same level of luxury as enjoyed by the European market, without necessarily breaking the bank,” NDCGT marketing and communication consultant Kendrick Go told the BusinessMirror

Go said that as the sole distributor of European homewares in the country, the company provides luxury items that remain accessible to their customers. While their prices may be slightly higher than comparable local products, they take pride in the fact that their materials and quality are unique and of the highest standards.

Since its establishment in 2022, North-Diamond has taken great strides in ASEAN to become the premier lifestyle agency and distributor for European lifestyle homewares made of natural materials. This is highlighted by its partnership with fleuresse® an upmarket label of Dierig Holding AG based in Augsburg, Germany. The Dierig Group founded in 1805 has been providing people with design-strong branded beddings and trades internationally in raw and finished fabrics of various qualities.

Design-Forward and Eco-Chic THEIR latest release, the fleuresse® Black Premium Limited-Edition collection, features fully plastic-free packaging and five variations designed to elevate any sleep space. The “Brocade Damask,” is noted for its high-quality vibrantly woven jacquard fabric, the highest and noble quality in textile craftsmanship and production techniques crafted from 100% finest Mako cotton.

The “Interlock Jersey,” made in Germany, is celebrated for its consistent knitted texture on both sides which provides exceptional softness, suppleness, and a wrinkle-free experience. This fabric allows excellent air circulation and moisture absorption to ensure a smooth, comfortable sleep without ironing. The “Linen” collection, made from

100 percent linen, boasts ultra-breathability and a gentle skin feel that keeps you cool and comfortable throughout the night. The “Lyocell” line, made from 100 percent Lyocell produced in the EU, offers comfort through sustainable wood cellulose fibers that provide skinfriendly, moisture balance, and heat regulation. The “Swiss Satin” collection, featuring uni-color linens with black piping, epitomizes classic satin luxury. It also offers fleuresse®’s latest collections such as the “Provence Cassis” bed linen from a blend of modern reversible

AARON INVENTOR on OFWs in Laos: “They have high respect and status as professionals. And it is an honor to be called an overseas worker here in Laos.”

SCREENGRAB VIA PTV4

FACING REALITIES

A BUDDHIST monk walks outside Pha That Luang North temple in Vientiane, Laos, Monday, October 7, 2024. AP/SAKCHAI LALIT

FACING REALITIES

Southeast Asian leaders meet in Laos to discuss Myanmar war and disputed sea

By Jintamas Saksornchai & Eileen Ng The Associated Press

VIENTIANE, Laos—Southeast Asian leaders gathered Wednesday for an annual forum that will focus on the civil war in Myanmar and territorial tensions in the South China Sea, two key challenges that have tested the bloc’s credibility.

The Association of Southeast Asian Nations summit in Laos will be followed by two days of meetings with global powers including China, the United States and Russia, which are contending for influence in the region.

The timing of the meetings in the capital, Vientiane, makes it likely the talks will also touch on the escalating conflict in the Middle East, although Southeast Asia has faced only indirect fallout.

Asean’s influence has historically been limited even among its own members, but the forum has been a platform for engagement between superpowers and the region.

The 10 member states of Asean—Indonesia, Thailand, Singapore, the Philippines, Vietnam, Malaysia, Myanmar, Cambodia, Brunei and Laos—will also hold talks with other dialogue partners including Japan, South Korea, India and Australia on topics ranging from the economy, to climate change and energy.

L ao Prime Minister Sonexay Siphandone welcomed new leaders from Thailand and Singapore to the summit in his opening speech.

“ We help one another, and work together the Asean way,” he said. “We will discuss and strengthen cooperation between

Asean members and other dialogue partners, along with upholding the unity and centrality of Asean.”

Th ailand’s Paetongtarn Shinawatra, who took the premiership in August, is the bloc’s youngest leader at 38. Singapore’s Prime Minister Lawrence Wong took over in May from Lee Hsien Loong, who stepped down after 20 years. Vietnam also has a new leader after President To Lam took office in August, but the country is being represented by Prime Minister Pham Minh Chinh.

President Joko Widodo of Indonesia, Asean’s biggest member, is skipping the forum as his successor Prabowo Subianto prepares to take office later this month, sending Vice President Ma’ruf Amin in his stead. It will also be the first overseas trip for Japan’s new Prime Minister Shigeru Ishiba, who was confirmed just last week.

US Secretary of State Antony Blinken will fill in for President Joe Biden at the meetings, while China will be represented by Premier Li Qiang.

Frayed US-China relations, especially “escalatory and irresponsible” moves by Beijing to coerce smaller claimant countries in the disputed South China Sea, will be a major agenda item for Blinken, said Dan Kritenbrink, a top US diplomat for Asia.

Asean members Vietnam, the Philippines, Malaysia and Brunei, along with Taiwan have overlapping claims with China, which claims sovereignty over virtually all of the South China Sea and has become increasingly aggressive in its attempts to enforce them. Asean members and China have been negotiating a code of conduct to govern behavior in the sea for years, but progress has been slow. Sticky issues include disagreement on whether the pact should be binding.

Chinese and Philippine vessels have clashed repeatedly this year, and Vietnam charged last week that Chinese forces assaulted its fishermen in disputed areas in the South China Sea. China has also sent patrol vessels to areas that Indonesia and Malaysia claim as exclusive economic zones. The Philippines, a longtime US ally, has been critical of other Asean countries for not doing more to get China to back away. Muhammad Faizal Abdul Rahman, research fellow at Singapore’s S. Rajaratnam School of International Studies, said there’s little chance of clear outcomes as those not in direct conflict with China— the region’s top trade and key in-

vestment partner—will likely prioritize ties with Beijing. It is the preference for conflict avoidance while getting geostrategic benefits where possible,” he said.

“In reality, national interests matter more than regional interests.”

Blinken is also expected to urge Asean to keep up its pressure on Myanmar’s military leaders after “zero progress” on the bloc’s peace plan that calls for cease-fire and mediation, Kritenbrink said.

The US is concerned over the military government’s plan to hold elections next year that would be neither representative nor inclusive, and could generate more violence, he said.

“ Elections should not take place prior to genuine peace and reconciliation, and we’ll continue to make that position clear,” he said.

Asean’s credibility has been severely tested by the war in Myanmar, where the army ousted an elected government in 2021, and fighting has continued with prodemocracy guerrillas and ethnic rebels. It’s widely believed that considerably less than half the country’s territory is under the army’s control.

Th ailand will host an informal regional consultation on Myanmar in December, although it is unclear who will attend from Myanmar. Foreign Ministry spokesperson Nikorndej Balangura said the meeting will be open to all Asean members at a ministerial level and possibly to countries with a shared border with Myanmar.

“ Thailand is ready to coordinate to create a concerted Asean effort that will lead to peace in Myanmar,” he told reporters.

Myanmar sent Foreign Ministry permanent secretary Aung Kyaw Moe to the summit, its first high-level representative at the summit in three years, after Asean barred it from sending political representatives in late 2021.

A llowing a senior Myanmar diplomat to join the meetings “will be perceived as Asean is compromising, confirming the concern that Asean is experiencing fatigue in dealing with the crisis,” said Lina Alexandra, senior researcher at Indonesia’s Centre for Strategic and International Studies. Chances for any significant breakthrough

she said.

SOUTHEAST Asian leaders attend the retreat session of the 45th

Association of Southeast Asian Nations Summit in Vientiane, Laos, Wednesday, October 9, 2024. AP/DITA ALANGKARA

remain slim,

PRESIDENT Ferdinand Marcos Jr. shares a light moment with Singaporean Prime Minister Lawrence Wong, as Thailand’s Prime Minister Paetongtarn Shinawatra and Vietnamese Prime Minister Pham Minh Chinh look on during the opening ceremony of theAsean Summit in Vientiane, Laos, Wednesday, October 9, 2024. AP/DITA ALANGKARA

LAOS’ Prime Minister Sonexay Siphandone delivers his speech during the opening ceremony of the Asean Summit in Vientiane, Laos, Wednesday, October 9, 2024. AP/DITA ALANGKARA

Comelec in work/fight mode for 2025 super election year

UBy Samuel P. Medenilla

NDER the watch of Commission on Elections Chairman

George M. Garcia, the poll body will be holding three major elections next year—the May 12 Midterm Elections, the firstever Bangsamoro Parliamentary Elections in May, as well as the Barangay and Sangguniang Kabataan Elections (BSKE) in December.

Comelec in work/fight mode

Continued from L1

Comelec has termed the massive, consecutive poll exercises as “Super Election Year 2025.” In that year, Garcia said, the Comelec will also be piloting Internet voting for overseas Filipino voters.

There are daunting short-term challenges to the poll body for this super election year: advancing the reforms in transparency by compelling candidates to render truthful information about themselves and their funding; and ensuring the electoral system is apace with rapid technological changes, especially those that impact the way people move funds, render campaigns or manipulate information.

Related to the latter, this is one main reason why Comelec is rushing its major task to overhaul the archaic Omnibus Election Code (OEC)—one of two multiyear programs of this Garcia-led commission, the other being finally erecting for Comelec a new, decent facility, ending years of costly rentals in old buildings.

To date, the poll body has made considerable headway in its election-related preparations. It has finished awarding the major contracts for the 2025 National and Local Elections (NLE), namely, the Full Automation System with Transparency Audit/Count (FAS -

TrAC), Secure Electronic Transmission Services (SETS), and the Online Voting and Counting System (OVCS).

However, the legality of its FASTrAC contract is being questioned by Caloocan 2nd District Rep. Edgar R. Erice before the SC. Erice claimed the contract is illegal for supposedly violating the provision of Republic Act (RA) No. 9396 or the Election Automation Law. The case is currently pending before the High Court.

Bribery allegations

SAGIP Party-list Rep. Rodante D. Marcoleta and Erice have made bribery allegations against Garcia and they also floated the idea of a possible impeachment complaint against members of the Comelec en banc for approving the FASTrAC contract.

Marcoleta alleged that an unnamed election official’s 49 offshore bank accounts were used to obtain bribes. On August 1, Marcoleta identified Garcia as the listed owner of an offshore bank account in the Cayman Islands. Garcia told the media that he will coordinate with the Department of Foreign Affairs (DFA) to send a formal request to the US Department of Justice to probe the cited accounts.

He added that Comelec wants

to wrap up the probe on US-related issues before the start of the 2025 polls, in order to keep intact the public’s trust on the outcome of the electoral process.

Frustrated over what he called the baseless allegations against him, Garcia said he is considering filing falsification of documents charges against his detractors in relation to the fake bank accounts.

This is politics. Many will engage in mud-slinging. When you are in private [practice] you are approached by politicians as clients. Now, it is the politicians, who are sometimes opposing what you do or are even trying to destroy what progress you are doing,” Garcia lamented.

The poll chief said he is confident all of the allegations against him will be later proven false and that he would rather focus in their preparations for next year.

“ Whatever happens to me here, at least I can say I served properly and honestly,” Garcia said.

Demolition job WITH over two decades of practicing and teaching election law, Garcia is not someone who will back down when it comes to ambitious goals and defending the integrity of the poll body.

Sitting in his renovated office on the eighth floor of the Palacio del

PLEDGING FOR REFORM Comelec Chair George M. Garcia reads the election pledge during a ceremonial signing, reaffirming his commitment to ensuring free, fair, and transparent elections. “We owe it to the people to transform these pledges into a reality,” he says. Under his leadership, the poll body will oversee the upcoming 2025 Super Election Year, which includes the Midterm, Bangsamoro Parliamentary, and Barangay and Sangguniang Kabataan elections, while also addressing significant challenges like electoral transparency reforms, technological advancements, and piloting Internet voting for overseas Filipinos. Despite facing allegations, Garcia remains focused on election preparations and upholding the integrity of the electoral process. NONIE REYES

FACING REALITIES

mode for 2025 super election year

Gobernador, the 51-year-old Caviteño election lawyer still feels on top of his game despite the new series of challenges faced by the poll body under his administration.

Visibly tired after a whole day of meetings and press conferences, Garcia still maintains an air of enthusiasm and defiance against his detractors.

He accused Smartmatic of being behind the black propaganda that he has offshore accounts for bribe money.

Garcia linked the bribery allegations to an ongoing demolition job against Comelec after the poll body approved the P18-billion FASTrAC contract with the Joint Venture (JV) led by the Korean firm, Miru Systems Co. Ltd.

The FASTrAC contract ended Smartmatic’s dominant role in Philippine elections since the country debuted its automated voting system in 2010.

The embattled Comelec chief condemned the bribery allegation, which he claimed was designed to

cast doubt on the entire Comelec with both accusers choosing at first not to disclose the name of the concerned poll official.

To help remove any concern of a possible cover-up in the ongoing probe of the National Bureau of Investigation (NBI) and the Anti-Money Laundering Council (AMLC) on the matter, Garcia signed a waiver allowing both bodies to look into the said bank accounts supposedly owned by him and his wife.

Th e waivers were also accompanied by a statement of Garcia denying he owned the said bank accounts and a commitment that he will resign from the poll body if any of the said accounts will be proven to be his. He was not playing any bluff and was willing to go all in.

“Just a taint or a scandal can destroy the name of the entire Commission and our democracy. That is why I will fight to the death against any attempt to destroy the Commission,” Garcia said.

A Comelec journey

GARCIA was a law student when he first started working at the nation’s poll body—about an hour away from his school, the Lyceum of the Philippines College of Law in Makati.

I started at a very low position. I think Special Investigator 1. Until I reached the position of chief of staff of Commissioner [Julio F. Desamito]. At that time, I was studying law,” Garcia related.

Desamito served as Comelec Commissioner from 1995 to 2001, during the incumbency of the late President Fidel V. Ramos.

Garcia said he took up Law on scholarship but still needed to work to support his studies. “We were poor. My mother was a teacher, while my father was a soldier. I got used to going to [sari-sari] stores to borrow rice and canned goods.”

Still, he is proud his parents had solid careers, unblemished by irregularity, something he vowed to emulate in his professional life.

Inspired by veteran election lawyers like Sixto Brillantes Jr., Romulo B. Macalintal and Leila de Lima, Garcia said he decided to specialize in election law.

A s a young lawyer, he “idolized Brillantes, Macalintal, and De Lima when it came to election law practice.”

But the desire to emulate his law idols was easier said than done. Election law remains a competitive field in the Philippines, putting much premium on reputation and track record.

During the first year of his practice, he handled criminal, civil, and commercial cases before finally deciding to focus on election law on his second year.

There were not many lawyers, who are practicing election law,” Garcia said. “So, I told myself it will be good to be in such practice. I strove to get in the said field even if it was hard. It was like an exclusive law practice.”

A s election lawyer, Garcia’s clients included the late Palawan 3rd

District Representative and Puerto Princesa City Mayor Edward S. Hagedorn, former President Joseph Ejercito Estrada, when he ran again for President in 2010 and mayor of Manila after being convicted of plunder; then President Gloria Macapagal Arroyo, when she ran for reelection in 2004; Senator Grace Poe-Llamanzares in her disqualification case, when she ran for President in 2016; and Ferdinand R. Marcos Jr. in his electoral protest, when he ran for vice president in 2016.

“ These are the difficult cases, which I handled. Modesty aside, I had 300 cases in the Supreme Court, which are now part of jurisprudence,” Garcia said.

In his 23 years of successful law practice, Garcia said his list of clients included 83 congressmen, 15 senators, and over 300 mayors and 38 governors.

Now that he is among those hearing and deciding electionrelated cases, Garcia said he has made sure to remain neutral and

transparent when it came to issues related to his former clients. I would inhibit myself. I will tell them, sorry. Once I give in to one of them, it will spread and others will be asking for the same treatment,” he said.

A s Comelec Commissioner, Garcia reasoned, it was time for him to finally give to the public something in return for his long, prosperous, private career. Garcia served as Comelec commissioner from March 8, 2022, to June 1, 2022. His ad interim appointment was bypassed by the Commission on Appointments.

On his return, this time as Comelec chair, Garcia said: “I saw there are many problems in the Commission on Elections, which I think need to be addressed. As someone who used to work in the Commission and practiced [election] law, I think in my small way, I should have a contribution in fixing our electoral process and system. Not everyone is given the

Continued on L4

Comelec in work/fight mode for 2025 super election year

Continued from L3

chance to serve the public. Some would say that it is corny, but for me, it is one of the biggest accomplishments of my life.”

Comelec reform

GARCIA said he will be pushing for two legacies, which he wants to leave to Comelec.

These include the construction of the permanent new main office in the 20,160 square meters of land in Pasay City, where Comelec will transfer from its current location at the Palacio del Gobernador in Intramuros, Manila.

Th ree structures, which are expected to cost P9.8 billion, are being planned to be built in the Comelec-owned lot in Pasay City.

O verhauling the almost 40-year-old Omnibus Election Code (OEC) of 1985 is the second part of Garcia’s proposed legacy.

It is hard to implement an outdated law.... The definition of vote-buying then is different from the definition of vote-buying now. Vote-buying is now being done with the use of GCash, PayMaya and other platforms. Are those under the Omnibus Election Code? They are not. There was not even Internet back then and no automated election,” Garcia said.

Comelec has already proposed

a 963-page revision of the OEC, which it submitted to Congress last year for consideration.

The comprehensive draft, which Garcia said is being supported by the Executive department, includes updating the rules on filing of candidacy, registration of voters, counting of votes, canvassing of votes and campaign spending, among others.

It is really difficult [to change] the code governing the Commission on Election. It takes years before they can be passed,” Garcia said. “I personally don’t think all of the reforms will be implemented, but at least we propose it for their consideration.”

Comelec is dreaming big when it comes to its proposed reforms, which also include addressing the gaps in its “ministerial duty” of accepting the Certificate of Candidacy (COC) of aspiring candidates— meaning it cannot question or verify the details in the document, unless it is questioned by another party.

The issue drew much public attention after Bamban, Tarlac Mayor Alice Guo was able to run and got elected in the 2022 polls despite being shown later—by compelling evidence from the NBI—to be a Chinese national, which would have immediately disqualified her from being a candidate.

Garcia earlier explained they

were unable to screen Guo’s qualifications: no one from Bamban questioned, when she registered as voter in Bamban and when she filed their COC for the 2022 polls.

He pointed out that in the past, Comelec attempted to impose additional documentary requirements from candidates to make sure they are not using illegal drugs, but this was later struck down by the Supreme Court as unconstitutional.

Garcia said the Comelec en banc has approved his proposal to have all the COCs published in Comelec’s website.

Comelec said it will post online the Certificates of Nomination and Acceptance (CONA), and the Statements of Contribution and Expenditures (SOCE) of candidates so the public can also check their campaign expenses.

Garcia said they will also be facing head-on the challenges posed by new technology when it comes to the conduct of the upcoming 2025 National and Local Elections (NLE).

Th is includes the use of electronic wallets such as GCash and Maya as well as remittance services from Cebuana Lhuillier and Palawan Express for vote-buying during elections.

To address the matter, Comelec is planning to coordinate once

again with the Bangko Sentral ng Pilipinas and the concerned companies to prevent the use of the said platforms for vote-buying, which they were able to successfully achieve during the 2023 Barangay and Sangguniang Kabataan Elections (BSKE).

A similar close coordination with election stakeholders will also be adopted by Comelec to address its concerns with the use of Artificial Intelligence (AI) during poll campaigns.

Return to teaching

AFTER the end of his term, Garcia said he no longer has any plan to return to private practice. He just plans to go back to his other passion: teaching.

“I love teaching. Probably if I will finish [my term] here, I will no longer accept another government position. This is enough for me. Not everyone is given the chance to become the chairman of Comelec. I will probably return to teaching,” he said.

Garcia added: “I find satisfaction in being able to impart what I learned to students; being able to share my experience and knowledge of law to them.” [Editor’s note:

A substantial part of this article was taken from Samuel Medenilla’s cover story in the Philippines Graphic magazine’s August 2024 issue.]

GARCIA ON HIS ELECTION VOW: “This is more than just a promise—it's a pledge to deliver real change and hope in 2025.” BERNARD TESTA

www.businessmirror.com.ph

PALAYAN RISING

The capital city of Nueva Ecija ramps up projects to be agri-smart and sustainable

By Henry Empeño

CITY OF PALAYAN—Amid the verdant fields and gentle hills of Barangay Atate here, just a few minutes from the city proper, four towers now stand out in muted earth tones of desert-brown and beige, echoing the subtle colors of the City Hall and rising boldly as a symbol of a dream for an inclusive, empowered, and sustainable community.

Th is is the Palayan City Township, a project that City Mayor Vianne Cuevas initiated last year in part to keep young professionals and workers in the city and help boost the local economy.

At first blush, the four buildings rising 10 stories high seem superfluous in a largely agricultural setting. Palayan, after all, is the least populated city in the country with just 45,383 people as of the 2020 census.

But Cuevas, a first-term mayor elected in 2022 when she was just 26 and a graduate of Microbiology in the University of Manchester with a Masters in Management and Corporate Sustainability from Cranfield University, puts things under close examination to ascertain their purpose before diving in. We looked at the profile of Palayan City and saw that there’s a lot of young professionals like teachers, policemen and soldiers, and other government employees who cannot avail themselves of any suitable housing program,” she tells BusinessMirror. “While they have income, it’s often not enough to buy them land to build a house on, and they either rent rooms or live with relatives.” Cuevas adds that with the ongoing development of Palayan, land prices shoot up exponentially. “So, our township project will give these middle wagers the opportunity to have a house of their own. It also dovetails with the national government program to make available 1 million housing units each year.”

WORKERS carry construction materials past the housing complex at the Palayan City Township. HENRY EMPEÑO

MAYOR Vianne Cuevas: A progressive city starts with a strong family. HENRY EMPEÑO

FACING REALITIES

PALAYAN RISING

be built around a huge circular central park from which will also radiate the planned school building, livelihood center, and police and fire stations.

“It will be a complete package,” Berdon enthuses. “The township will have other amenities like a clubhouse, swimming pool, transport terminal, market, and infirmary and drugstore.”

Engr. Ting Tamayo, who supervises construction at the project site, clarifies that the township will be developed in five phases. Phase 1, which comprises the four existing 10-story buildings, is almost done. Phase 2 will have five similar buildings; another four for Phase 3; five for Phase 4; and six for Phase 5.

Each of the 24 buildings, Tamayo says, will have 269 housing units, with each unit having an

area of 29.26 square meters. Each building will have two elevator shafts, tanks for water supply, fire exits, and solar panels for reserve electricity supply.

“Right now, we’re starting with Phase 2, as well as the clubhouse,” shares Tamayo. Turnover of the units in Phase 1, he says, is expected sometime before the yearend.

A menities aside, the project’s scenic location and accessibility are

a major attraction, puts in Mayor Cuevas.

“ The place is beautiful because it has a mountain backdrop, and it is so peaceful up there,” she says. “The location is also perfect because it’s so close to the City Hall, the schools, the police station, and to all the basic necessities needed in a community.”

From govt farm to planned city

THE development of the Palayan City Township somewhat mirrors the origins of Palayan, which was created in 1965 as a planned city. Local accounts tell us that Palayan used to be a government stock farm—an area where animals were bred and produced for distribution to farmers. It was then part of the municipality of Bongabon.

However, in March 1952, leaders of Nueva Ecija province agreed to transfer the provincial capital from Cabanatuan to the government stock farm. Thus, Palayan City was formally created by Congress as capital of Nueva Ecija under RA 4475, which was enacted in June 1965. Thereafter, then President Ramon Magsaysay issued Proclamation No. 495, designating December 5, 1965, as the date for the formal organization of the City of Palayan.

Since then, Palayan, which became one of the six “planned” cities in the country—the others being Manila, Baguio, Quezon City, Trece Martires, and Island Garden City of Samal—grew in area. First, it took in the military reservation in Laur town and the Fort Magsaysay camp in Santa Rosa by virtue of RA 6052 in 1969, and then the Marcos Village resettlement area for those displaced by the Pantabangan dam project in 1972 through Presidential Proclamation No. 983.

The transfer of the Philippine Army’s training ground from Fort Bonifacio in Manila to Fort Magsaysay in 1983 turned the military reservation into a training complex and further boosted the city population. Palayan also welcomed to Barangay Doña Josefa some 1,900 Aeta tribesmen displaced by the Mount Pinatubo eruption in 1991.

Historically, Palayan’s population grew from 8,382 in 1970; 14,959 in 1980; 20,393 in 1990; 31,253 in 2000; and 37,219 in 2010 to 45,383 in 2020.

The city’s annual regular revenue, meanwhile, grew from P188.66 million in 2009; P225 million in 2011; P239.76 million in 2014; P294.77 million in 2016; P494.8 million in 2020; P499.9 million in 2021; and P677.28 million in 2022.

Demand and supply

WITH increasing population and continuing development, the Palayan City government now finds itself simultaneously handling three housing programs, mostly for low-income families.

City Administrator Berdon says the first is for beneficiaries of the government’s Ayuda para sa Kapos ang Kita Program (AKAP), which assists those in the “near poor” segment. The city has 150 housing units for this project, with monthly rental at only P300 per unit.

The second one is the San Lorenzo Village project, which covers 600 housing units taken from a 1,200-unit housing development for members of the Philippine National Police. As the original program was not fully implemented, the Palayan LGU took over and is now giving away units to indigent families.

The third program is the “onsite” housing scheme for residents who have titled lots but whose houses are in a state of disrepair.

With this, the Palayan LGU builds houses worth P300,000 for free upon request. The applicants are vetted by the local social welfare and development office.

A ll these only whetted public clamor for the Palayan City Township project, as reception by residents became overwhelming from the start.

According to Clarise Alberto, marketing officer of the Township project, they have received 2,637 applications since starting marketing efforts in April last year. Most of the applicants are government employees and workers in private firms, with a sprinkling of farmers, trike drivers, sari-sari store owners, and fish vendors. W hat is noteworthy, Alberto points out, is that some applicants come from as far as Manila, Pampanga, Baguio City, Aurora, and Pangasinan.

A mong those in the first batch of applicants is Sabino dela Cruz, a 53-years old farmer from Barangay Atate who also works with the security group of Mayor Cuevas. Dela Cruz has three children, aged 22, 20, and 16, who study at the Eduardo L. Joson College in the city. He and wife Thelma had already built a home at Atate’s Purok 7, some five or six kilometers from the township.

However, Dela Cruz laments that when it rains hard, the river overflows and their neighborhood gets flooded. “I’d like to have my family in a safe place, somewhere closer to the school, and where we can get to the market and other places faster,” Dela Cruz reasons out. O pening the township even to non-Palayanos is actually a comeon for people to live in the city, to work here, and contribute to further community development, reveals Mayor Cuevas.

STONE and glass buildings at the Palayan City Central Business Hub. HENRY EMPEÑO

MAYOR Vianne Cuevas takes a groupie with farmers during the distribution of PhilGAP certificates in Palayan City PHOTO FROM MAYOR CUEVAS’S FACEBOOK PAGE

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FACING REALITIES

PALAYAN RISING

What we’re hoping for is that Palayan would be the center—for people to return home, because we have a lot of people living in Cabanatuan. Cabanatuan has a daytime population of 1 million, but at night just about 600,000 remain. And those people travel up to two hours to go home. So, we’re hoping that instead of going there, they’d stay here,” she points out.

The city government has accordingly struck a deal with Sutherland BPO, which is the anchor locator at the Palayan City Government Center and Central Business Hub, to prioritize the firm’s workers for units at the township.

These are young professionals who earn at least P10,000 or P12,000, so they can readily afford the P3,500 monthly payment,” Cuevas notes. “So, if they wanted their own space, or move in with their partner, we can give them a unit. Having a housing unit here, we hope, would be a factor to make the workers stay in the community.”

Hardware and software

THERE was a time, the mayor recalls, when Palayan seemed rutted in the backwoods: rough roads, not much streetlights, and a lot of areas overgrown with cogon.

But when her mother Adrianne Joson-Cuevas became Palayan City mayor, her administration focused

on building roads and other muchneeded community infrastructure.

If you had passed by Palayan before, you’d see the big difference now,” she says proudly. Vianne was elected mayor after her mother completed three terms as city executive, and she says that it was the elder Cuevas who set up this dream. “Now, during my term, we focus more on how to give people employment, on how to increase their household income.”

Cuevas describes Palayan as an agricultural area in the cusp of change. Right now, she says, the profile of the average Palayanon family shows parents who are either farmers or workers, who have little or no college education at all. On the other hand, their children are mostly graduates now looking for jobs.

“Now we’re trying to get these graduates to work, to come home to Palayan, to help push the economy,” the city executive says. She mentions that the city has produced graduates—like nurses— who go out of the country, or work outside Palayan. “We now encourage them to come home, to work here, so that their income would also stay here.”

Wilfredo Corpuz, administrator of the Palayan City Institute of Technology (PCIT), and Suman Kunder, head of the Palayan City Call Center Academy (PCCCA), are

PALAYAN City Hall HENRY EMPEÑO

PALAYAN RISING

two of the frontliners on whom Cuevas relies to provide the software for her economic programs.

Corpuz recalls that PCIT was established in 2006 mainly for computer technology courses, but in 2013 under Mayor Adrianne Cuevas, it began offering short courses under scholarship grants from Tesda. Then in 2023, under Mayor Vianne, they introduced a course in agricultural crop production, alongside short courses like caregiving and housekeeping. Kunder, on the other hand, supervises PCCCA training programs on basic communication, with an eye on giving locals the edge for BPO jobs, specifically for Sutherland Global.

Kunder arrived here from India in November 2019, and has trained some 1,000 students during the Covid pandemic. “We train them on basic communication, on basic typing; we enhance their customer skills, then teach them customer support,” he says, summarizing the program.

Of his former trainees, Kunder relates that 80 are already working with Sutherland. Last July, PCCCA graduated a batch of 20 students. Now it has two more batches running. Th e upkeep of PCCCA is borne personally by the mayor, Kunder reveals. “The venue, the training center is owned by the LGU, but the equipment, the staff salary, all come from the Mayor Vianne’s

personal funds.”

Cuevas says that the call-center project also has a special mission to upskill local applicants. “What we’re working out now are those who are near-miss job applicants, those who almost passed, and weren’t hired for some reason. So, we look at the factors why they failed the interview—like, is it a confidence issue? Is it because they had not enough preparations?

We’re also looking at the highschool graduates, or those in the 12th grade, to give them pre-employment training.”

A side from the software part of building the city, Mayor Vianne’s administration continues to improve community facilities and build new ones. Data from Engr. Oscar Oganiza, manager of the Palayan City Digital Transformation Center, indicate that from January 2022 to September 2024, the LGU has completed 44 projects and is undertaking four more with a total cost of P588.58 million.

The projects include roads, bridges, canals and slope protection; an isolation facility; multi-purpose buildings and covered courts; manpower development center; material recovery facilities; a residual containment area at the MRF; streetlights; infirmary hospital; evacuation center; on-site housing construction; improvement of parks and plazas; improvement of Balay Silangan center for youth, and the Women’s Productivity Center; perimeter fences; and day care and senior citizens centers.

FACING REALITIES

Synergy and inclusivity

A SHORT drive away from the PCIT and the PCCCA lies the newly constructed Palayan City Hospital, a two-story stone-and-glass edifice that is also swathed in subdued colors. New equipment and medical apparatus have just arrived there when we visited on September 13. Recently, the city government started negotiations for a public-private partnership (PPP) for its operation.

The hospital has an emergency unit, out-patient clinic, birthing facility, dental clinic, pharmacy, family vaccine and specialty clinics, clinical laboratory, as well as facilities for X-ray, ultrasound, 2D echocardiography, and ECG.

Berdon, the city administrator, explains that this, too, is another means to keep Palayan people in—by bringing necessary services closer to residents.

The schools, the township, the hospital, are parts of a whole,” Berdon explains. “A lot of residents don’t have jobs, so we’re upgrading their skills for livelihood opportunities. A lot of people want to apply for housing, so the LGU helps them qualify by creating jobs and getting them employed. A lot of people need medical treatment, which they previously get in Cabanatuan 45 minutes away; now we have the Palayan City Hospital for them.”

A s Berdon would have it, inclusivity is the overriding goal for all these programs. And it shows even in the way Palayanos deal with what could be their lowliest concern—garbage.

A nelyn Bongcawil, who supervises the city’s material recovery facility (MRF), says Mayor Cuevas has two ongoing programs that effectively promote efficient resource use among residents. These are the “Basura Ko, Bayad Renta Ko” project and the “Eco Savers” project.

With the first, poor residents get housing rental credits for recyclable items they collect and turn over to the MRF. With the second, students—and teachers— exchange collected recyclables for school supplies, and in the same way, families get extra food supply.

The idea, Berdon interposes, is to have a greater part of the community joining in the government’s waste management and environmental protection efforts. Showing photos of schoolchildren with hauls of recyclable carton and water and soda bottles, Bongcawil says the city is succeeding in this regard.

Agri-smart and sustainable

THE day that BusinessMirror sat with Mayor Vianne to discuss this story, she attended an event wherein President Bongbong Marcos announced the condonation of debts worth P277 million on agricultural lands awarded to some 6,000 agrarian reform beneficiaries in Nueva Ecija.

I really appreciate the fact— and I really look up to him in this regard, that the President really puts his attention to agriculture,” Mayor Cuevas tells this writer.

For her part, the mayor says she wants Palayan City to retain its agricultural character, even as she works hard for modernization to gain greater socio-economic momentum.

Despite its status as a city and capital of the province, Palayan ranks No. 13 in 2022 among the 27 municipalities and five cities in Nueva Ecija—the country’s rice granary—in terms of average rice yield

in metric tons per hectare. Palayan easily tops other cities with its 6.22 metric tons per hectare average, while Cabanatuan has 6.07, San Jose 6.02, Gapan 5.82, and Science City of Muñoz 5.5 metric tons.

A nd Mayor Cuevas wants to keep it this way. “We want agriculture to keep up with developments in investments, education, and health care because that’s where our food comes from,” she explains.

“Also, it would be weird for Palayan to lose that essence whence it derived its name.”

With this in mind, she has initiated a multipronged strategy to improve the lot of local farmers.

“We do a lot of research for them, and we’re trying to mechanize farming to bring down production cost. We’re also trying to introduce them to new technology, as well as to new markets.”

At the moment, we are encouraging local farmers to take a look at foliars [fertilizers that are applied directly onto plant leaves], because this might make a difference in farm yield,” she adds.

Just recently, she relates, the Palayan LGU arranged for a local farmers’ cooperative to meet with Jollibee and Dizon Farms representatives to explore potential production and/or sales contracts for locally produced agriculture products.

PALAYAN RISING

VAS loves to tell her constituents the importance of the smallest unit of the society—the family. “A progressive city starts from a strong family,” she would say. And this, too, explains her focus on housing.

Everybody has the right to a safe home, the right to access a place where they can take shelter, to have a roof over their head. It’s so basic—it’s what holds a family together,” Cuevas explains. “And

how can you focus on making a livelihood when you’re always trying to fix the roof over your heads?” No, she tells BusinessMirror, housing is a financial demand to the family that must be met. Because with a place for comfort and security already in place, the rest of the dream may follow. My vision for Palayan is that our people would be independent; that they can all afford health care, have access to education, and have a house to call their own,” Mayor Cuevas declares. “I can imagine the future Palayanos—there will be those who will be working on professional jobs, but there will also be others who will decide to go back to agriculture, because it’s really a beautiful industry.”

Her fervent hope, she adds, is that local farmers would eventually get the same output as those in other countries do. “Those in our sistercountries in Asia manage to bring down the cost of farming. I don’t know how they do that, but I’ve seen the numbers and realized that we’re so far behind: we have higher cost, but so much lower yield. So, I want to turn things around.”

Would this vision be realizable in, say, 10 or five years? Her eyes light up with the answer: “I’m making sure that all the projects are sustainable because I know that here in the Philippines, we have this habit of disregarding projects from previous administrations. So, I tell myself that if I do a project, I must ensure that it would be implemented even without me.”

She adds, smiling knowingly: “May favorite keyword is sustainability. I won’t be Palayan City mayor forever, as everything must end. But I plan my projects with an ending in sight, that what people take from my programs would help them for the rest of their lives.”

THE newly built Palayan City Hospital. HENRY EMPEÑO

SUTHERLAND Global’s BPO office at the Palayan City Central Business Hub. HENRY EMPEÑO

PCCCA’s administrator Suman Kunder explains the importance of customer support skills. HENRY EMPEÑO

Shore It Up! Empowers Siargao and Batangas Marine Guardians to Protect Our Oceans

IN its ongoing commitment to safeguarding the Philippines’ marine ecosystems, Metro Pacific Investments Foundation (MPIF) recently concluded its latest Marine Guardians training sessions under its flagship program, Shore It Up!. Most recently held in General Luna, Siargao Island, and Mabini, Batangas, this program aims to empower local bantay-dagat with the essential skills and tools necessary for monitoring, protecting, and conserving their marine environments for a better future.

Empowering

Local Marine Guardians in the Seas of General Luna

In General Luna, Siargao Island, 14 newly trained Marine Guardians completed the course designed to enhance their knowledge of the local coastal and marine ecosystems. Led by experts such as Mr. Antonio Perral, Stakeholder Engagement and Community Mobilization Officer of SIBOL, and Mr. Julius Maceren, Forest Technician II of the Department of Environment and Natural Resources (DENR) PAMO SIPLAS, the training covered a wide array of topics, including marine biodiversity and conservation practices. The three-day training culminated in the distribution of essential gear and equipment GPS

devices, GoPros, binoculars, and two-way radios provided by MPIF Mayor Sol Matugas of General Luna praised the program’s efforts, highlighting the important role these newly trained guardians will play in preserving the rich marine biodiversity of Siargao. This training underscores the long-standing partnership between Shore It Up! and local communities to sustain and protect the island’s natural resources.

Strengthening Marine Protection Efforts in Mabini, Batangas MPIF also conducted a supplemental training in Mabini, Batangas, training for 12 Marine Guardians, further building upon the foundation laid by the Shore It Up! program. The train-

ing focused on practical conservation efforts, with the support of local government officials, including Mayor Atty. Nilo Villanueva, and environmental advocate Mr. Romy Trono, Chairman of the Advisory Board of Integrated Coastal Management of the Municipality of Mabini. A side from training, MPIF formalized a partnership by signing a Memorandum of Agreement (MOA) with the Municipality of Mabini. This landmark agreement ensure focused efforts on four Marine Protected Areas: Batong Buhay, Twin Rocks Sanctuary, Arthur’s Rock, and Cathedral Rock

Sanctuary. The agreement includes provisions for three years of logistical and financial support, installation of mooring buoys, and continuous technical assistance.

Comprehensive Support for Marine Guardians

MPIF’s commitment goes beyond training. In both General Luna and Mabini, the Foundation has pledged to provide a monthly allowance, uniforms, and monitoring equipment, enabling the Marine Guardians to effectively perform their duties. The program also offers training courses in open-water

diving, and emergency response, ensuring that these local volunteers are well-equipped to face the challenges of marine conservation.

MPIF President Melody del Rosario remarked, “Through the Shore It Up! program, we are reinforcing our efforts in marine conservation by empowering local communities and ensuring these marine guardians, to take the lead in protecting our precious marine ecosystems. With the continued support of our partners, we are optimistic that these initiatives will create lasting positive impacts on our coastal areas.”

A ligned with Gabay Kalikasan, one

Bridges the Gap in Mind Health Care with Affordable

IN response to mental health issues affecting millions of Filipinos, mWell, the digital healthcare arm of Metro Pacific Investments Corporation, further strengthens its holistic health and wellness platform with affordable mind health services. Following the launch of the Mind Health Score and self-guided modules in May, mWell now offers sessions with certified mind health coaches for as low as P499. As the only Philippine health and wellness app available globally, mWell provides mind health support to students, members of the workforce, and Overseas Filipino Workers.

Empowering

Recent

cies for guidance counselors will take 14 years to fill. To address this need, mWell empowers students to enhance their well-being and improve academic performance using the app’s Mind Health feature. An exclusive from mWell, the Mind Health Score is a personal compass for a self-guided journey toward enhancing emotional, social, and cognitive well-being. Based on the World Health Organization (WHO) Well-being Index, this feature provides insights into one’s current state of mind. Self-guided modules help boost self-awareness and foster empowerment, hope, and positivity through evidence-based

techniques. It allows mWell users to learn more about ways to relax, reduce stress, and improve overall emotional balance at their own pace. Through campus tours, mWell promotes holistic wellness programs to help students reduce the risk of depression, anxiety, and stress using their phones—a tool that has been an integral part of their daily lives.

Recognizing the mental health needs of Overseas Filipino Workers (OFWs) due to isolation, homesickness, and discrimination, mWell has partnered with the Department of Migrant Workers, (DMW), Ding.com and PLDT Global to make Mind Health services accessible worldwide. This initiative ensures that OFWs can connect with Filipino mind health coaches and counselors who speak their language. Mind Health features and services on the app can help migrant workers manage stress, anxiety, and other mental health challenges while they are away from home.

In support of corporate wellness, mWell works with various companies to create customized programs promoting holistic health for increased productivity in the workplace. The Mind Health features equip

members of the workforce with tools to address stress and anxiety, thereby enhancing overall work performance.

Mind health issues affect more Filipinos

Mental health continues to be a sensitive issue in the Philippines and the stigma that comes with it has led many to endure in silence. The Department of Health (DOH) reports that at least 3.6 million Filipinos suffer from mental, neurological, and substance use disorders. The Philippine Mental Health

(From L-R Center) Siargao Island institute of Technology President Atty. Francisco "Lalo" Matugas, General Luna Municipal Mayor Sol

F. Matugas, MPIF President Melody Del Rosario, and Shore It Up! Consultant Ralph Balmaceda together with the newly inducted Marine Protection, Inspection, and Conservation Guardians of General Luna, Siargao proudly wearing their new uniforms.

A Marine Protection, Inspection, and Conservation Guardian in Mabini, Batangas familiarizes himself on how to hold and operate a two-way handheld radio.