PHILIPPINE banks are optimistic about 2024 and 2025 as more expect a double-digit growth in net income and lower non-performing loan ratios, according to the latest data released by the Bangko Sentral ng Pilipinas (BSP).
Based on the results of the 2023 Banking Sector Outlook Survey (BSOS), BSP data also showed there is more optimism in the growth of assets, loans, and deposits for 2024 and 2025.
The data also showed 34.7 percent in 2023—up from 32.1 percent —project a stronger banking system for 2024 and 2025. However, those who expect a stable banking system
declined to 64.6 percent in 2023 from 67.9 percent in 2022.
“Banks’ overall outlook remains upbeat amid macroeconomic concerns brought about by persistently high global and domestic inflation, and uncertainty in the global economic and geopolitical environment in 2023. There has been a noted shift in sentiment towards a stronger banking system outlook,” the report stated.
Based on the data, majority of respondent banks or 76.5 percent disclose double-digit growth in net income in the next two years. However, this is lower than the 77.9 percent recorded in 2022. All digital banks (DGBs) view
growth in their net income to be higher than 30 percent; while 53.3 percent of universal and commercial banks (UKBs) are more conservative in their estimates, projecting a net income growth rate of between 10 and 20 percent.
“Profitability prospects remain encouraging on the back of a highinterest-rate environment and improving macroeconomic conditions,” BSP said in its report.
The data also showed the percentage of respondent banks that project their non-performing loan (NPL) ratio to exceed 5 percent in the next two years declined to 48.7 percent from 52.4 percent.
The report stated that the remaining 29.4 percent expect their NPL ratio to settle at below 3 percent and 21.9 percent, between 3 and 5 percent during the next two years. Across banking groups, the data showed 84.6 percent of UKBs estimate their NPL ratio to settle between 1 and 5 percent, while the remaining 15.4 percent post higher NPL ratio projections of greater than 5 percent. For thrift banks (TBs), rural and cooperative banks (RCBs), and DGBs, majority foresee their NPL ratio to be over 5 percent, relatively similar to the 2022 BSOS.
ADB KEEPS WARY EYE ON MIDEAST TENSIONS
By Cai U. Ordinario
@caiordinario
The Asian Development Bank (ADB) is closely monitoring the situation in the Middle east given its impact on oil-dependent countries in Asia like the Philippines.
In an email to the BusinessMirror , ADB Philippine Country Director Pavit Ramachandan said “any escalation of tensions” in the Middle East have the potential to increase prices and affect “overall economic stability” in the country.
Ramachandran noted that higher oil prices would have an impact on transportation and electricity costs as well as food prices.
“Any escalation of tensions in the Middle East could disrupt global oil production and lead to a spike in oil prices, which would directly affect inflation in the Philippines, given its heavy reliance on imported energy,” Ramachandran said.
“We are closely monitoring the situation, as it could potentially impact inflation and overall economic stability,” he also told the BusinessMirror Ramachandran said a number of risks are mentioned in the latest Asian Development Outlook (See: https://businessmirror.com. ph/2024/09/26/adb-keeps-gdp-forecastfor-phl-but-warns-of-risks/) but what is crucial is the government’s policy responses. These policy responses and programs should help mitigate these risks, as many of them can impact the country through various channels.
One risk, severe weather conditions, could cause inflation to spike, damage infrastructure, and disrupt livelihoods. Ramachandran also said this could lead to volatility in global commodity prices and supply chain disruptions.
“Given these, what is essential are effective policy responses and programs to mitigate these risks. These
TBy Ma. Stella F. Arnaldo @akosistellaBM Special to the BusinessMirror
HE Senate has approved on third and final reading the proposed legislation that will refund value-added taxes (VAT) paid by foreign tourists on their purchases made in the Philippines.
The measure, embodied in Senate Bill No. (SBN) 2415, or “An Act Creating a Vat Refund Mechanism for Non-Resident Tourists,” amends the National Internal Revenue Code of 1997, and gives foreign tourists VAT refunds on their local purchases that amount to at least P3,000, with the addition of a Section 112-A.
See “Foreigners,” A2
THE bill amending the existing Rice Tariffication Law (Republic Act 11203) is now awaiting the signature of President Ferdinand Marcos Jr.
This after the House of Representatives and the Senate separately ratified the bicameral conference committee report on Wednesday, just before adjourning for their scheduled recess until November 4. With both chambers having already ratified the mea -
sure, it is now ready to be sent to Malacañang for the President’s approval to officially become law. The proposed amendments aim to extend the Rice Competitiveness Enhancement Fund (RCEF) for another six years, until 2031, as it was originally set to expire this year. The annual budget for the fund will also be increased from P10 billion to P30 billion.
lIght MOMEnt at rOtarY MEEt Former Secretary of national Defense Maj. gen. Delfin lorenzana shares a light moment with rotary club of Manila President Eduardo “jujut” Enriquez III during a luncheon in Makati city, where lorenzana was the guest speaker. NONIE REYES
PHL...
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In contrast, BSP said foreign banks are more optimistic, as 50 percent continue to project an NPL ratio projection of less than 1 percent, while 20 percent from zero expect their NPL ratio to range from 2 to 3 percent.
“Banks intend to actively participate in the capital markets, with more than half of respondents forecasting double-digit growth in their holdings of investments in securities,” BSP said.
“Moreover, most respondent banks plan to maintain their risk-based capital, leverage, and key liquidity ratios at levels higher than domestic and global standards to ensure continued institutional stability,” it added.
In terms of bank assets, the report said 70.1 percent of banks project double-digit growth in their assets driven by the optimistic outlook of TBs and DGBs.
The data showed 79.4 percent of TBs expect an asset expansion of above 10 percent while all DGBs believe asset growth could go up to more than 20 percent.
As for other banking groups, UKBs’ are divided, with 50 percent expecting asset growth of between 5 and 10 percent and the remaining half projecting a 10 to 15 percent growth, the central bank said.
BSP said most RCBs and foreign banks expect their assets to grow at a rate between 10 and 15 percent, relatively unchanged from the 2022 BSOS.
Earlier, the BSP and the Bankers Association of the Philippines (BAP) said they will be announcing capital market developments next week in line with efforts to deepen capital markets. (See: https://businessmirror.com.ph/2024/09/26/ bsp-eyes-greenspan-spare-tire-to-protect-local-banks/).
In his speech at the “Deepening Capital Markets Through Expanding Micro, Small, and Medium Enterprises (MSMEs) Financing and Corporate Bonds for Small Issuers” event, BSP Governor Eli M. Remolona Jr. said part of the central bank’s efforts is to create a “good yield curve” for the capital markets. This yield curve could help in the pricing of corporate bonds and pricing even of mortgages, bank instruments. Initially, there were plans to revive an interest rate swap market. Remolona Jr. told reporters he aims to revive the IRS market within his term. He said this could lead to the creation of a swaps curve. (See: https://businessmirror.com.ph/2024/03/11/ bsp-reviving-interest-rate-swaps-to-deepen-markets/).
Cai U. Ordinario
Digitalization to boost tax collection by 2026–DOF
By Reine Juvierre Alberto @reine_alberto
Digitalization efforts
of the Bureaus of internal Revenue (BiR) and Customs (BoC) to improve the government’s tax collection will come to fruition by 2026, according to the Department of Finance (DoF).
Finance Undersecretary and Chief Economist Domini SD. Velasquez said the BIR and BOC are already undertaking digitalization reforms, but the DOF does not expect this to immediately increase tax effort.
“They are not going to translate to a better system overnight,”
Bill...
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P9 billion for rice farm machinery and equipment; P6 billion for rice
Velasquez said in a forum on wednesday.
Almost 97 percent or 161 out of 166 customs procedures of the BOC are digitalized to improve trade facilitation, prevent smuggling and increase revenue collection.
The BOC’s digitalization ef -
seed development, propagation, and promotion; and P15 billion for programs, activities, and projects that will enhance farmers’ productivity, strengthen supply resiliency, and address food secu -
forts include the One-Stop Electronic Travel Declaration System (E-Travel System), Overstaying Cargo Tracking System and National Customs Intelligence System (NCIS), among others.
Meanwhile, 90 percent of tax filings and payments done with the BIR were conducted online.
Some of its digitalization initiatives are the Enhancement of One-Time Transaction (ONETT) System, Online Registration and Update System (ORUS), Online Tax Clearance, Electronic Invoicing/Receipting and Sales Reporting System (EIS) and Optimized Chatbot Review, among others.
“Tax effort is expected to increase in the medium term as the BIR and BOC continuously improve revenue collections,” Velasquez told the BusinessMirror on Thursday.
The DOF expects tax-to-GDP, or tax revenues relative to the
rity emergencies caused by supply shortages or sudden increases in rice prices.
The amendatory bill further clarifies that the sale of the National Food Authority’s (NFA) existing rice buffer stock will only be made to government agencies or entities such as the Department of Social welfare and Development (DS w D), the Office of Civil Defense-National Disaster Risk Reduction and Management Council (OCD-NDRRMC), local government units, and Kadiwa outlets. Under the bill, the Department of Agriculture (DA) is required to maintain a buffer fund for rice security emergencies. For this purpose, P5 billion from any current unutilized portion of the DA’s budget will not revert to the National Treasury but will be credited to the buffer fund. Additionally, any excess in annual tariff collections from rice imports up to P2 billion will also be credited to this fund.
In case of an imminent or forecasted shortage or other situations requiring government intervention, the President is empowered to authorize the importation of rice at a lower tariff rate for a limited time or specific volume. This authority can only be exercised when Congress is not in session and will
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include measures to improving disaster resilience and food security, building climate-resilient infrastructure, raising agricultural productivity, and strengthening social protection for vulnerable households,” Ramachandran told this newspaper.
The ADB also noted that one extreme weather event is La Niña, which has the potential to damage agricultural crops. This is where the rice tariffs, Ramachandran said, would have a significant impact.
Agriculture Secretary Francisco Tiu Laurel Jr. recently adjusted downward the country’s projected palay production for 2024 to 20.1 MMT from the initial projection of 20.44 MMT due to the La Niña. (See: https://businessmirror.com. ph/2024/08/26/phl-unmilled-rice-outputseen-flat-this-year/).
Efforts to boost the country’s response to these events, Ramachandran said, should also include declogging of farm drainage systems, constructing post-harvest facilities, and seed buffer stocking are vital.
size of the Philippine economy as measured by the gross domestic product (GDP), to improve to 16.3 percent by 2028. This is coming from a 14 percent tax-to-GDP ratio in 2020 during the pandemic era.
Revenue collections reached P2.993 trillion in January to August 2024, up by 15.91 percent from P2.582 trillion recorded in the same period in 2023.
The BIR has generated P1.920 trillion, 12.55 percent higher than the P1.706 trillion recorded a year ago; while the BOC’s collections grew by 5.66 percent to P614.4 billion from last year’s P581.5 billion. we are supplementing overall revenues with non-tax revenues until both bureaus can fully reap the benefits of their efforts in digitalization,” Velasquez added. Non-tax revenues hit P434.9 billion from January to August 2024, 58.66 percent higher yearon-year from P274.1 billion.
take effect immediately.
On the other hand, if there is an oversupply of imported or locally produced rice that causes a significant drop in local prices, the President may suspend or limit further importation until supply and prices stabilize. The measure also mandates that the NFA maintain an optimal rice buffer stock, which will be sourced exclusively from local farmers. Additionally, the DA Secretary can declare a food security emergency in cases of rice shortages or sustained price hikes.
Speaker Ferdinand Martin G. Romualdez said amending the Rice Tariffication Law is a crucial step towards ensuring food security and economic stability for Filipino farmers.
“ we are committed to making quality rice affordable for all Filipinos while boosting the livelihoods of our local farmers,” he added. In the Senate, the chair of the Agriculture committee who shepherded both the original and amendatory RTL measures, Sen. Cynthia Villar, thanked her colleagues, for their frank and insightful inputs in tweaking the law so that it better serves the constituents it originally targeted. Jovee Marie N. Dela Cruz, Butch Fernandez
“Diversified crop practices also enhance resilience to weather variability. Increasing investments in irrigation infrastructure, water storage facilities, and drainage systems can help regulate water supply and reduce the risk of water-related disasters and diseases. In addition, strengthening early warning systems and weather forecasting capabilities are essential for preparedness,” he explained.
Earlier, Department of EnergyOil Industry Management Bureau (DOE-OIMB) Assistant Secretary Rodelo Romero said recent increases in oil prices were caused, among others, by tensions in the Middle East. Oil prices are on the rise this week after two consecutive weeks of rollbacks. Gasoline products will increase by P1.10 per liter while diesel will go up by P0.20 per liter. Kerosene prices, meanwhile, remain unchanged.
This was announced Monday by Petron, Shell, Caltex, Total, Unioil, PTT, Phoenix, Seaoil, Jetti, and Cleanfuel. The price adjustment takes effect at 6 a.m. of Tuesday, September 24. For Cleanfuel, the new pump prices will be implemented at 4:01p.m. (See: https:// businessmirror.com.ph/2024/09/24/oilcompanies-raise-gasoline-diesel-prices/).
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The proposed legislation, which was sponsored by Senator Sherwin Gatchalian, was approved on September 23, 2024 by 20 senators, with only Minority Leader Aquilino Pimentel III vigorously opposed to it, having asserted that tax leakages may occur. (See, “VAT-refund mechanism for foreign tourists opposed,” in the BusinessMirror, September 17, 2024.)
Gatchalian said during his manifestation: “This bill is not just about short-term gains; it is about the longterm growth of our tourism industry and economy as a whole. The revenue loss we may incur from these refunds will be offset by the increased spending of tourists, which in turn will generate more jobs, stimulate local industries, and ultimately boost our economic activity.”
‘Crucial milestone’ A S this developed, Tourism Secretary Christina Garcia Frasco welcomed the passage of the bills, which she believes as “a crucial milestone in enhancing the country’s appeal as a premier tourism destination, positioning the Philippines competitively among its regional neighbors.” The measure also ensures tourists have “an additional incentive to purchase and bring home goods sold in the country and Filipino-made products, showcasing our local craftsmanship on the global stage.” In Southeast Asia, VAT refund schemes are available in Indonesia, Malaysia, Singapore, Thailand, and Vietnam, whereby tourists are encouraged to keep their sales receipts and obtain the tax invoices for eligible purchases. They then show these, along with their travel documents, to the refund counter at the airport, and receive refunds in the currency of the host country.
In opposing the legislation, Pimentel underscored, however: “If we truly want to boost tourism, let us invest directly in tourism by improving our infrastructure and enhancing the overall tourist experience.” Government is expected to fail in achieving its 7.7-million inbound tourists target, owing to the sluggish arrivals from mainland China. Veteran tourism leaders have long advised the Department of Tourism to tweak its promotions strategy and spend more on attracting other key markets. (See, “Sans China, PHL must lure other Asians, Europeans,” in the BusinessMirror, June 17, 2024.)
Shopping is 22% of total tourist spend
M EAN w HILE , Gatchalian said the legislation is estimated to create 4,400 to 7,100 new jobs every year, from 2024 to 2028, citing a study by the National Economic and Development Authority (Neda). He added that the measure will be help generate between P3.3 billion and P5.7 billion per annum in tourism receipts from 2024 to 2028.
“Moreover, the grant of a VAT refund can encourage purchases from tourists, especially since shopping has emerged as a motivating factor for travel in recent years,” he said, adding that shopping accounted for an average of 12 percent of total expenditures by inbound tourists before the pandemic. Official data as of 2022 now show shopping had a 22-percent share in the total spending by foreigners, although this is lower than what tourists spent on accommodation, food and beverage, and transportation services.
Per the Senate measure, the minimum purchase of P3,000 may be adjusted by the Finance Secretary, upon recommendation of Internal Revenue Commissioner, taking into consideration the Consumer Price Index, which is the price of a weighted average market basket of consumer goods and services purchased by households, and used as a reference to track price changes or inflation. The goods eligible for refund are those purchased by the tourist in “duly accredited stores,” and are “taken out of the country by the tourist within 60 days of purchase.” Further, the refund may be received “either electronically or in cash,” said the bill.
A4
Friday, September 27, 2024
The Nation
Marcos bares administration senatorial bets in ’25 polls
By Samuel P. Medenilla @sam_medenilla
ETERAN lawmakers, in -
Vcluding former senators, and local officials make up most of the senatorial candidates of the administation’s Alyansa Para sa Bagong Pilipinas (APBP). During the APBP convention at the Philippine International Convention Center (PICC) in Pasay City on Thursday, President Marcos announced the senatorial line up of APBP.
Marcos noted that the administration’s senatorial ticket is not only made up of incumbent and former lawmakers, but also of Cabinet secretaries as well as local officials, who represent those from Mindanao, the Visayas and Luzon.
Among the APBP bets are Department of the Interior and Local Government (DILG) Secretary Benjamin Abalos, Jr., as well as incumbent Sens. Pilar “Pia” S. Cayetano, Manuel “Lito” M. Lapid, Francis N. Tolentino, Ramon “Bong” Revilla, Jr. and Maria Imelda “Imee” R. Marcos.
Rounding up the 12 APBP senatorial candidates are former senators Emmanuel “Manny” D. Pacquiao, Vicente C. “Tito” Sotto III, and Panfilo “Ping” M. Lacson, former Department of Social Welfare and Development (DSWD) Secretary Erwin T. Tulfo, Makati Mayor Abigail “Abby” S. Binay, and Las Piñas Rep. Camille Villar-Genuino.
All of the APBP candidates, except Imee Marcos, who is allied with administration critic Vice President Sara Duterte, were
present at the event. Marcos said his sister was already starting her election campaign.
Unified objective
MARCOS urged the public to vote for the APBP senatorial ticket to ensure the passage of his legislative agenda.
“With their quality and experience, I have high confidence they will support the push at continuation of the progress in our country,” he said in Filipino in his speech during the APBP convention.
In a chance interview with Palace reporters, Navotas City Rep. Tobias “Toby” M. Tiangco, the campaign manager of APBP, said they have yet to finalize the strategy on how to campaign for the senatorial candidates, who come from different political parties.
“Let us see what will happen today. During the last [APBP] meeting, we discussed how we will have a unified objective to have a better future for Filipinos and how it can be achieved,” Tiangco said in Filipino.
Strong lineup
APBP is composed by the President’s political party, the Partido Federal ng Pilipinas (BFP), the Lakas-Christian Muslim Democrats (Lakas-CMD), the Nationalist People’s Coalition (NPC), the National Unity Party (NUP), and the Nacionalista Party (NP).
The regional political party of Vice President Sara Duterte, Hugpong ng Pagbabago is not part of the APBP despite the earlier re -
Marcos asked to declare September as Alcohol Harms Awareness Month
THE government needs to do more to raise concern over and mitigate the health, societal, and psychological harms of alcohol, a group of health advocates noted in a news conference on Thursday.
The Sin Tax Coalition, a broad group of medical societies, youth and civil society groups, called on the President to designate September as “Alcohol Harms Awareness Month.” The coalition shed light on harms brought about by alcohol, including cancers and heart disease, as well as road crashes and mental health issues, especially among the youth.
Dr. Maria Asuncion Silvestre, a maternal and newborn health expert and public health advocate, revealed the harm that alcohol does to women and children, including fetal alcohol spectrum disorders and violence and abuse associated with alcohol.
See “Marcos,” A5
Zambales congressman dares Sara, former DepEd exec to take lie test
By Jovee Marie N. dela Cruz @joveemarie
marks by Marcos that he wants to reform the political alliance, which helped him win in the 2022 polls.
Hugpong ng Pagbabago was among the political parties, which allied with PFP under the UniTeam to support the Marcos-Duterte tandem in the 2022 elections.
Sotto, chairman of NPC said he is pleased with the current APBP senatorial line up, which he said, is “very strong” and has representations from different sectors and the country’s major geographical locations.
“It’s a very good mix, and I am very glad that the NPC is involved,” he said.
Advocacies
VILLAR said she decided to join the senatorial race under APBP to continue the advocacies of her parents, former Senate President Manuel B. Villar, Jr. and incumbent Sen. Cynthia A. Villar, of helping the poor and providing better livelihood to Filipinos.
When asked about her possible advantage over other veteran senatorial candidates, Villar said she will bring “fresh perspective” in the Senate as it addresses the problems of the people through legislation.
If she wins in the 2025 polls, Camille will be the fourth Villar to become senator. Her brother, Mark A. Villar, is a sitting senator.
For her part, Binay said she will push for empowering the local government and updating old laws, particularly the Local Government Code.
“I am coming from the perspective of a local chief executive. There
are many problems on the ground that need to be changed,” she said.
Abby is the younger sister of outgoing Sen. Nancy S. Binay.
Sought for comment if the fall out between the Binays and the Cayetanos over the Makati-Taguig boundary dispute will affect her possible working relations with senator Pia Cayetano, she said it will not.
“I have no issue with Senator Pia. I hope she feels the same. Again, the issue about Taguig. We are running at the national level. So, that is different,” Binay said.
COC filing
APBP held its convention days before the start of the filing of the Certificate of Candidacy (COC) for the 2025 polls to be held by the Commission on Elections (Comelec) from October 1 to 8, 2024 at the Manila Hotel.
Abalos is poised to leave the Cabinet when he files his COC.
He said President Marcos is now considering who will replace him as head of DILG as he starts wrapping up his pending tasks in the agency.
“I have heard of several names, who will replace me, but I cannot reveal them since I only heard of it. It will be up to the President [to disclose],” he said.
Except for Sotto, Lacson and Lapid, none of the APBP senatorial candidates have announced the date when they will file their COCs as of press time.
“Senator Lacson and Senator Lapid—all three of us—have agreed [to file our COCs] on October 2,” Sotto said.
LTO intensifies drive vs fixers
By Lorenz S. Marasigan @lorenzmarasigan
THE Land Transportation Office (LTO) has intensified its crackdown on employees allegedly colluding with fixers, with LTO Chief Assistant Secretary Vigor D. Mendoza II warning personnel that severe administrative sanctions await those found involved in illegal activities.
The stern warning comes as three LTO employees, including a District Office head, are currently under investigation for alleged involvement in illicit transactions with fixers.
“On the very first day of my assumption as LTO chief, I made it clear that I will be running after all the fixers and their cohorts in our agency. I will not allow these people to taint the name of our agency for their money-making schemes,” said Mendoza.
The crackdown began on Tuesday, with two separate operations conducted near the LTO Central Office in Quezon City and in Bulacan following confirmed intelligence reports of employees allegedly collaborating with fixers.
The first operation in Bulacan led to the arrest of Michael Mendoza, a suspected fixer, in a joint operation conducted by agents of the National Bureau of Investigation (NBI).
Three individuals, including two LTO personnel—one being a District Office head— were confronted over allegations of neglecting their duty to eliminate fixers even within the LTO office.
Later that afternoon, at around 4:00 p.m., LTO intelligence agents, supported by operatives from the Criminal Investigation and Detection Group (CIDG), carried out an
entrapment operation in barangay Pinyahan, Quezon City.
This operation resulted in the arrest of 40-year-old Desire Daginod, a resident of Pandi, Bulacan, who was caught offering the fast issuance of driver’s licenses. Her alleged accomplice, Gerlo Gomez, 35, managed to escape arrest.
The LTO chief emphasized that these operations were in response to reports of fixers again offering their services to motorists, with the arrested suspect reportedly advertising her illegal activities through her Facebook account.
“This should send a strong message that we will not allow this kind of illegal activity, nor tolerate any of our personnel to connive with these fixers,” warned Mendoza. “We will always make sure that they are arrested and face the consequences of their illegal activities,” he added.
AMEMBER of the Young Guns of the House of Representatives issued a challenge on Thursday to Vice President Sara Duterte, urging her to take a lie detector test following the explosive testimony of a former Department of Education (DepEd) official.
Zambales Rep. Jay Khonghun called on Duterte to undergo a polygraph test alongside former Education Undersecretary Gloria Mercado.
Mercado on Wednesday disclosed that she received monthly envelopes containing P50,000, allegedly from the Vice President, while serving as the Head of the Procuring Entity (HOPE) at DepEd.
“If VP Duterte truly believes she’s telling the truth, she and Undersecretary Mercado should both take a lie detector test, so we can determine who’s being honest. There’s no need for denials or press conferences,” Khonghun said.
Mercado told members of the House Committee on Good Government and Public Accountability that she was pressured to resign from DepEd for expressing her decision to abide by procurement laws as HOPE for the institution. She requested that she be allowed to retire, which was granted.
“If VP Duterte has nothing to hide, then
taking a lie detector test shouldn’t be an issue. The public deserves to know who’s telling the truth. We are talking about public funds, and the Vice President owes it to the people to prove her honesty and integrity,” Khonghun said.
Mercado revealed that she received nine envelopes between February and September 2023, each containing P50,000. According to her, these envelopes were given by Assistant Secretary Sunshine M. Fajarda, who claimed they came directly from VP Duterte.
Asked by Batangas Rep. Gerville Luistro if the envelopes could have been an attempt to influence her decisions as the HOPE, Mercado responded, “It could be.” Khonghun further highlighted that Mercado testified under oath before the committee, while Vice President Duterte has repeatedly refused to take an oath, raising questions about the veracity of her claims. Mercado recounted how she intended to return the envelopes during her exit call after retiring but was unable to do so. Instead, she donated the funds to a nongovernment organization, revealing the envelopes contained a total of P450,000. The House committee is currently investigating the alleged misuse of confidential funds and the procurement process at DepEd during the tenure of Vice President Duterte as Education Secretary.
Senators vow full support for Magna Carta for Barangay Health workers
By Butch Fernandez @butchfBM
THIS time around, a bill institutionalizing and expanding benefits and rights of barangay health workers (BHWs), hailed as overworked but underpaid backbone of the public health system, might finally see fruition.
Several senators on Wednesday pledged full support for passage of the proposed Magna Carta of Barangay Health Workers, (BHW) in which Sen. Loren Legarda sought to institutionalize the rights, welfare, and status of these village primary “physicians.”
During Wednesday’s plenary session, Legarda co-sponsored Senate Bill 2838, saying BHWs are vital to the well-being of the communities but receive far less compensation.
“BHWs have long been the unsung heroes of our public health system. They are at the forefront of primary healthcare delivery in our barangays, further magnified during the pandemic and other public health crisis faced by our nation, often serving as the first point of contact for our citizens.
“From administering basic health services to responding to emergencies, they stand as the backbone of our local healthcare infrastructure. They ensure that health services are not only accessible but also tailored to the unique needs of our localities,” Legarda said.
“These health workers, who are vital to the well-being of our communities, receive far less than what they deserve. Yet, despite their invaluable role in our communities, many BHWs face financial instability, lack of access to benefits, and are undercompensated for the critical services they provide,” she added.
As principal author of the bill, she aims to rectify the situation by providing a comprehensive set of compensation,
incentives, and benefits to the barangay health workers.
Sen. Christopher Go, chairman of the Senate Committee on Health and Demography, co-sponsored Senate Bill 2838. Go in his cosponsorship speech said BHWs are the “backbone of healthcare in many communities,” especially those with limited access to doctors.
Despite their vital role, Go emphasized that BHWs are still classified as volunteers, receiving only meager incentives and benefits that do not reflect the level of service and commitment they provide.
“As such, they are only entitled to meager incentive and benefits. Moreover, they are not given ample compensation that befits the level of commitment necessitated by the role that BHWs play,” he said. In his speech, Go outlined the key provisions of SB 2838, which seeks to provide BHWs with a monthly honorarium of not less than P3,000, transportation, and subsistence allowances, and hazard pay for those exposed to risks in their work environments. The bill also includes a one-time incentive of not less than P10,000 for BHWs who have served for at least 15 years, as well as free legal services and insurance coverage from the Government Service Insurance System. At the same time, Sen. Sherwin Gatchalian, took to the floor during Wednesday’s plenary session before the Senate adjourned for a recess until November 4.
“This Magna Carta seeks to protect and promote the rights and welfare of our barangay health workers, ensuring that they receive the honor and support they deserve. It proposes monthly honoraria, transportation allowances, hazard allowances, and insurance coverage, among others, benefits that acknowledge the sacrifices they make each day,” Gatchalian said.
See “Magna Carta,” A5
www.businessmirror.com.ph
‘Agri-cool-ture’ approach to raise awareness on agriculture’s role
TBy Jovee Marie N. dela Cruz @joveemarie
HE chairman of the House Committee on Aquaculture
and Fisheries Resources has proposed an “agri-cool-ture” approach to effectively raise public awareness over the indispensable role that agriculture plays in the planet’s survival and attract the youth to actively participate in this sector.
Bicol Saro Rep. Brian Raymund Yamsuan said both present and future generations “must come together in action” to “create a brighter, greener, and bluer future” for farmers, fishermen, consumers, industry stakeholders, and the rest of the planet.
One way to realize this goal is to package agriculture and its related industries, such as fisheries and aquaculture, as “cool” endeavors to make people pay attention and take part in them, Yamsuan said.
“Instead of saying ‘agriculture’, I would say ‘agriCOOLture’. Why? Because we have to make agriculture cool. When something is cool, people pay attention, people care, and people want to take part in it. We cannot do something about anything we have no knowledge about,” Yamsuan told participants on Thursday at the 2024 Sustainable Agriculture Forum organized by the European Chamber of Commerce in the Philippines (ECCP).
Yamsuan said these “cool” initiatives include tapping the power of social media to inform the public that agriculture and fisheries are not focused solely on tedious tasks such as planting and fishing, but can be profitable enterprises using digital tools for the tech-savvy Filipino youth.
“By making agriculture and relevant industries such as fisheries and aquaculture cool, we can raise awareness of their importance and, crucially, attract the attention of the youth—the future stewards of these sectors. Without their participation, sustainable agri-futures may be a distant goal,” Yamsuan said.
The seventh run of the ECCP’s Sustainable Agriculture Forum has for this year the theme “Cultivating Sustainable Agri-Futures: Nurturing Livelihoods, Harvesting Innovation.”
“I commend the officers and members of the European Chamber of Commerce of the Philippines and everyone here today for your dedication to driving positive change in the agricultural and fisheries sectors through collaboration, knowledge-sharing, and advocacy for sustainable policies,” Yamsuan said.
Meanwhile, Yamsuan presented before the forum the accomplishments of the Congress to increase productivity, create high-quality jobs, and enhance trade and investments in Philippine agriculture.
These include the enactment of seven laws for the construction of fish ports and 35 fish hatcheries in various parts of the country to help modernize the agri-fisheries sector, Yamsuan said.
In the present 19th Congress, Yamsuan said a total of 114 measures have been successfully passed on third and final reading by the House of Representatives, which include the creation of the Manila Bay Aquatic Resources Management Council that would ensure the consistent and effective adoption and implementation of policies and programs by relevant government agencies and local government units across Manila Bay.
The House has also made good on a 25-year-old promise by approving a bill aimed at establishing resettlement areas that would shield fishermen from natural calamities, Yamsuan said.
Yamsuan also cited the declaration of General Santos City as the Tuna Capital of the Philippines and the establishment of fish hatcheries, fish ports, and other post-harvest facilities that would further strengthen the infrastructure network for the fisheries sector as among the noteworthy bills approved by the House on final reading.
Both houses of Congress have also passed the proposed Blue Economy Act, which establishes a comprehensive and integrated framework for the effective stewardship of the nation’s seas and coastlines, Yamsuan said.
Awaiting President Marcos’s signature, the measure focuses on safeguarding and preserving marine and coastal ecosystems through robust institutional mechanisms for monitoring and regulatory enforcement.
“Additionally, it fosters international cooperation and engages multiple stakeholders in upholding the nation’s rights under international law,” Yamsuan said.
“Lastly, it promotes marine science, technology, and innovation programs to capitalize on the growth of the blue economy,” he added.
Past and present Congresses have also called for the establishment of a dedicated Department of Fisheries and Aquatic Resources, while the President has included in the list of priority measures of the Legislative Executive Development Advisory Council (LEDAC) a measure to further amend the Fisheries Code with the goal of incorporating and strengthening science-based approaches for identifying fishing areas.
“Let us commit ourselves to realizing a vision of sustainable, inclusive, and resilient agriculture and fisheries sectors. By working together, let us shape agri-futures that nourish livelihoods, stimulate innovation, and safeguard the well-being of current and future generations,” Yamsuan said.
Senate finance panel passes Opapru proposed
HE Senate’s Finance Subcommittee
TC headed by Sen. Ronald dela Rosa approved on Wednesday the proposed budget of the Office of the Presidential Adviser on Peace, Reconciliation, and Unity (Opapru) for fiscal year 2025.
The subcommittee’s approval of the Opapru’s budget comes on the heels of the House of Representatives greenlighting of the peace agency’s funding requirements for next year.
Presidential Peace Adviser Secretary Carlito G. Galvez, Jr. presented the agency’s proposed P7.094 billion budget for next year, 2.7 percent higher than its approved budget for fiscal year 2024.
Amplifying govt’s peace investments
GALVEZ said the proposed budget is needed to accelerate the implementation of Opapru’s normalization and transformation programs for former combatants and rebels, as well as their families and communities.
“Therefore, we must invest in peace... This requires a whole-of-nation and wholeof-society approach to guarantee that over 30,000 former rebels do not go back to radicalism, terrorism, and violent armed conflicts,” he told members of the Senate.
The peace adviser also stressed that the proposed P7 billion budget for the agency will provide a major boost to the government’s peace investments, which is crucial in completing the remaining commitments under all signed peace agreements and
Semiconductor sector gears up for $13.8-M training program
By Bless Aubrey Ogerio
THE Philippines is poised to strengthen its position as a global semiconductor hub with the launch of a $13.8 million workforce development program.
This two-year program, funded by the International Technology Security and Innovation Fund (ITSI Fund) of the US CHIPS and Science Act, aims to upskill 6,000 Filipinos in key areas of semiconductor assembly, testing, and packaging (ATP).
The initiative, led by Arizona State University (ASU), will include both online and in-person components to address the diverse needs of the industry. A semiconductor faculty development program has also been launched to equip 50 faculty
members with the needed expertise.
“We’re very excited about this kick-off event. Last month, we had a similar discussion with the Board of Investments on workforce development in the sector,” said Ceferino Rodolfo, Undersecretary of the Department of Trade and Industry (DTI), at a media briefing on Wednesday.
“It’s not that this is the very first activity in this project. There has been an OECD review of our semiconductor ecosystem, and a significant number of those
investments are from Arizona,” he added.
The project’s objectives include a comprehensive analysis of the current industry landscape, strengthening industry connections, and increasing workforce interest. “Transparency is crucial in achieving these goals,” said Jeffrey Goss, ASU’s Principal Investigator of the ITSI Program.
He outlined the initiative’s efforts to prioritize gender diversity in the semiconductor workforce, which will advance opportunities for women in the male-dominated industry.
The Philippines is not starting from scratch. Prior to this program, there were existing partnerships with various stakeholders. “We already have existing partnership programs before ITSI, and we are not just partnering with the US…[South] Korea is a strong player when it comes to semiconductors,” Rodolfo said. Nelly Nita Dillera, executive
director of the Philippine Trade Training Center, emphasized the role of Tesda [Technical Education and Skills Development Authority] in supporting the workforce development program. “Tesda can actually come in; the programs we offer are considered ‘microcredentials’—an alternative way of generating workforce skills,” she explained.
The Philippines is one of six strategic countries selected for this initiative, alongside Costa Rica, Mexico, Panama, Indonesia, and Vietnam.
The semiconductor industry in the Philippines accounts for 56.9 percent of the country’s total exports, contributing $41.91 billion in 2023.
The national government has set a target of producing 128,000 S&E (semiconductor and electronics) engineers and technicians by 2028. By the following year, the sector alone is poised for further growth with a projected revenue increase of 14.26 percent.
Ongoing ADAS 2024 beefs up AFP defense collaboration
THIS year’s Asian Defense, Security, and Crisis Management Exhibition and Conference (ADAS 2024) will provide the Armed Forces with more means to collaborate with international defense partners.
Gen. Romeo Brawner Jr., Armed Forces chief of staff, said on Wednesday that, “ADAS 2024 provides an important venue for enhancing our defense and security
Magna Carta. . .
Continued from A1
Sen. Ramon Revilla Jr. said in his cosponsorshizp speech: “They are not only partners of the state in maintaining the good health of our countrymen. More than this, we want to call them our Barangay Hero Workers. They are our round-the-clock volunteers who serve as the face of our local government’s health services, especially for our countrymen in other areas. People run to them in every corner of the wards and villages in our country for the medical help they need,” Revilla said in Filipino.
’25 budget
ensuring the transformation of former rebels and combatants into peaceful and productive members of society.
“We are now in the final stretch in the fulfillment of commitments, as we deliver our expanded mandate to implement components of all signed peace agreements,” Galvez said.
During the panel deliberations, dela Rosa lauded Opapru’s effective implementation of its “Localizing Normalization Implementation” (LNI).
The LNI is a mechanism designed to complement and support the Normalization Program under the Comprehensive Agreement on the Bangsamoro (CAB), the landmark peace agreement between the government and the Moro Islamic Liberation Front (MILF) in 2014.
Galvez noted that the strategy of actively involving local governments in the normalization and transformation processes has been crucial in the success of the LNI and localized approach at the provincial level.
“Nakita po namin ang success sa Basilan. Kasi right after [na] nagkaroon tayo ng signing, there are more or less 500 firearms that have been turned over to us,” he said.
Galvez also mentioned that in the Visayas, the Opapru is already in the final stages of implementing socio-economic projects for the Rebolusyonaryong Partido ng Manggagawa ng Pilipinas/Revolutionary Proletarian Army/Alex Boncayao Brigade (RPM-P/RPA/ABB) now called Kapatiran.
SB 2838 was submitted to the floor for plenary debates.
Marcos. . .
Continued from A1
“We need stronger and sustained enforcement of the Anti-Drunk and Drugged Driving Act of 2013, including random breath testing, to reduce road deaths and injuries resulting from drink driving,” said Dinna Louise C. Dayao, a communication consultant of the Move as One Coalition.
The Global Burden of Disease Study published by the Institute for Health Metrics and Evaluation, show that every day, an average of over 10 people die in the Philippines due to road crashes. About three of these deaths are attributable to alcohol as a risk factor.
The group called on the government to impose higher taxes on alcohol to bring down consumption and reduce associated harms.
Rep. Ray Reyes of the AnaKalusugan party-list group has filed a bill designating September as Alcohol Awareness Month. Reyes is also developing several other pieces of alcohol control legislation, including a bill raising alcohol taxes across the board and a measure providing funding for the purchase of breathalyzers for enforcement of the AntiDrunk and Drugged Driving Act.
The coalition also called on the Department of Health to release its Administrative Order detailing its comprehensive alcohol control strategy at the soonest.
capabilities by exploring cutting-edge technologies and fostering collaboration with international partners.”
ADAS 2024, the event’s fifth iteration, is scheduled from September 25 to 27 at the World Trade Center in Pasay City.
The event brings together leaders in military technology innovation and key stakeholders in defense, security, and crisis management.
“These innovations will be critical as we work toward enhancing the Armed Force’s readiness and ability to respond to evolving challenges in defense and disaster management,” Brawner said.
ADAS 2024 provides a platform for international exhibitors, defense and security officials, and industry experts to showcase cutting-edge innovations through live demonstrations, product presentations, and networking opportunities. The event also features symposiums and panel discussions, offering expert insights into trends, innovations, and strategies shaping the future of defense, security, and disaster management in the region. Rex Anthony Naval
CHEN, KAIYU
Quality Construction Specialist
Brief Job Description: Reviews, inspects, and documents all construction projects during the construction period of the current Bond Program.
Basic Qualification:
in identifying
8.
4.
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Brief Job Description: Responsible for coordinating with other marketing and sales professionals to implement innovative campaigns for branding or product launches.
Basic Qualification: Ability to work under pressure and motivation to succeed in a competitive environment. Should have a bachelor’s degree in journalism, marketing, communications or a related field.
Salary Range: Php 30,000 - Php 59,999
6.
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.
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
YINSHU
Quality Construction Specialist
Brief Job Description: Reviews, inspects, and documents all construction projects during the construction period of the current Bond Program.
10. WU, GUIZHEN
Quality Construction Specialist
Brief Job Description: Reviews, inspects, and documents all construction projects during the construction period of the current Bond Program.
11. WU, JIANSHENG
Quality Construction Specialist
Brief Job Description: Reviews, inspects, and documents all construction projects during the construction period of the current Bond Program.
12. YE, JINGHONG
Quality Construction Specialist
Brief Job Description: Reviews, inspects, and documents all construction projects during the construction period of the current Bond Program.
AT SHA-XIAN SNACKS INC.
Basic Qualification: Skilled in identifying local construction technologies and construction material sources. Able to carry out and monitor testing and inspection of products and materials to ensure the finished product meets quality standards.
Salary Range: Php 30,000 - Php 59,999
Unit A2-a3 G/f Bayshore, 1 Diokno Blvd. West Side City, Tambo, City Of Parañaque
Brief Job Description: Coordinates sub-contractors involved in the assembly stages. Ensures compliance with safety procedures and quality standards. Searches for the most efficient technical solutions.
Basic Qualification: Must be excellent in verbal, writing and reading skills in English and Mandarin languages.
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Basic Qualification: Able to coordinate and interface between fabrication/installation and pre-fabrication activities. Able to speak and communicate using Mandarin language is an advantage. Must
34.
objectives.
QUIJANO, WILLIAM GARLAND Sr. Director, Service Delivery
Brief Job Description: Collaborate with Directors and other operation leaders to develop strategic plans.
CREATEVIEW PHILIPPINES, INC.
Dasmarinas St.
Salary
Basic Qualification: Extensive experience leading service delivery strategy. Proven experience of managing operations within a contact center environment.
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42. PHAM, VAN CONG
Sales Manager
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43. TRUONG, VAN PHUONG KHAI
Sales Manager
Brief Job Description: Hiring and firing, identifying where training is needed and providing it, mentoring sales reps. and assigning sales territories.
EASTERN GOLD CORPORATION
503, Nueva St., Barangay 289, Binondo, City Of Manila
44. CAI, DIBANG Marketing And Sales Agent
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manager.
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Basic Qualification: At least 1-2 yrs. of working experience with sales manager.
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Basic Qualification: At least 1-2 yrs. of working experience with sales manager.
Salary
Basic Qualification: Able to contributes information, ideas, and research to help develop marketing strategies. Able
Salary
Qualification:
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Marketing And Sales Agent
Brief Job Description: Researches and develops various marketing strategies for products and services and implements marketing plans and works to meet sales quotas.
LO QUYNH TRANG
Marketing And Sales Agent
46.
Brief Job Description: Researches and develops various marketing strategies for products and services and implements marketing plans and works to meet sales quotas.
Salary Range: Php 30,000 - Php 59,999
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47. WEN, LI
Marketing And Sales Agent
Brief Job Description: Researches and develops various marketing strategies for products and services and implements marketing plans and works
FEIFEI Marketing And Sales Agent
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Basic Qualification: Able to contributes information, ideas, and research to help develop marketing strategies. Able to help detail, design, and implement
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BusinessMirror
CHAI, PENG Mandarin Project Planner
Brief
and scheduling various workloads. Gathers and analyzes information to prepare status report. Evaluate current procedures and recommends changes to improve the efficiency of planning and scheduling of projects.
GUO, HAO Mandarin Project Planner
Brief Job Description: The Mandarin Project Planner is responsible for planning and scheduling various workloads. Gathers and analyzes information to prepare status report. Evaluate current procedures and recommends changes to improve the efficiency of planning and scheduling of projects.
ZHANG, DONGDONG Mandarin Project Planner
72.
in a similar role and with excellent leadership and communication skills.
Salary Range: Php 90,000 - Php 149,999 KAJIMA PHILIPPINES INCORPORATED 12/f, Makati Sky Plaza 6788 Ayala Avenue, San Lorenzo, City Of Makati
66.
RESORTS INC. Seascape Village, Atang Dela Rama, Ccp Complex, Barangay 76, Pasay City
67. CHEN, JINSONG Managing Director
Brief Job Description: Responsible for developing and implementing/ executing business strategies to achieve the company’s
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Basic Qualification: In-depth understanding of construction procedures, materials and project management principles. Must have understanding in cost planning and contracts administration. Familiarity with construction/project management in Mainland China and the Philippines.
Salary Range: Php 30,000 - Php 59,999
Basic Qualification: In-depth understanding of construction procedures, materials and project management principles. Must have understanding in cost planning and contracts administration. Familiarity with construction/project management in Mainland China and the Philippines.
Salary Range: Php 30,000 - Php 59,999
Basic Qualification: In-depth understanding of construction procedures, materials and project management principles. Must have understanding in cost planning and contracts administration. Familiarity with construction/project management in Mainland China and the Philippines.
Salary Range: Php 30,000 - Php 59,999
ORICA SINGAPORE PTE LTD Level 11, Tower 2, Rockwell Business Center, Ortigas Avenue, City Of Pasig
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PODER CORPORATION Unit 3-6 3/f Nes 1 Commercial Building, Evacom Avenue, San Dionisio, City Of Parañaque
74. WU, PING-KUAN Project Coordinator
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Unit B Casa Regina, 334 Magallanes St., Barangay 655, Intramuros, City Of Manila
76. OBINNA EZEIWU, VICTOR IFECHUKWU Nigerian Consultant
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SECURITY BANK CORPORATION
Security Bank Centre Bldg., 6776 Ayala Avenue, San Lorenzo, City Of
77. RASAL, RAHUL SHASHIKANT Executive Vice President Retail Banking Segment Head
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78.
Brief
Editor: Angel R. Calso
UN chief criticizes Security Council for failure to end global conflicts
By Edith M. Lederer & Michael Weissenstein
The Associated Press
UNITED
NATIONS—The
United Nations chief sharply criticized the powerful but deeply divided Security Council at a high-level meeting Wednesday for a failure of leadership to end wars in Gaza, Ukraine, Sudan and beyond. “Peace demands action. And peace demands leadership,” Secretary-General Antonio Guterres told the 15-member council charged with ensuring international peace and security. “Instead, we’re seeing deepening geopolitical divisions and mistrust.”
national law, conflicts multiplying and becoming more deadly, and civilians paying the steepest price.
He pointed to repeated violations of the UN Charter and inter -
The council has been blocked from any action on Ukraine because Russia is a veto-wielding member and a party to the conflict—invading its neighbor in violation of the UN Charter, which requires all members to ensure the sovereignty and territorial integ -
rity of all other nations.
It has been stymied in taking tough action on the Israel-Hamas war in Gaza because of Israel’s close ally, the United States, another veto-wielding member. And in Sudan, there are divisions among some members supporting the warring rival generals.
The secretary-general said peace is possible in Ukraine, Gaza
and Sudan if council members unite and follow the UN Charter and international law.
“A divided council cannot,” he said. “It is imperative that council members spare no effort to work together to find common ground” as it has done overseeing 11 peacekeeping operations on three continents and authorizing humanitarian aid to global hotspots.
Slovenia, which holds the Security Council presidency this month, chose the topic, “Leadership for Peace” for its signature event during the annual gathering of world leaders at the UN General Assembly—and invited leaders from the 15 council nations to attend.
Deadly escalation: Israel threatens ground war in Lebanon as Hezbollah rockets reach Tel Aviv
By Melanie Lidman, Tia Goldenberg & Kareem Chehayeb The Associated Press
TEL AVIV, Israel—Israel is preparing for a possible ground operation in Lebanon, its army chief said Wednesday as Hezbollah fired dozens of rockets across the border and a missile aimed at Tel Aviv that was the militant group’s deepest strike yet.
Addressing troops on the northern border, Chief of Staff Lt. Gen. Herzi Halevi said Israel’s punishing airstrikes this week were designed to “prepare the ground for your possible entry and to continue degrading Hezbollah.”
The US, France and other allies jointly called for an “immediate” 21-day cease-fire in the conflict that has killed more than 600 people to “provide space for diplomacy.”
Their joint statement, negotiated on the sidelines of the United Nations General Assembly in New York, said the fighting was “intolerable and presents an unacceptable risk of a broader regional escalation.” Other signatories include the European Union, Japan, Saudi Arabia, United Arab Emirates and Qatar.
Israel says it targeted Hezbollah weapons and rocket launchers. In an apparent reference to the missile fired at Tel Aviv, Halevi told troops: “Today, Hezbollah expanded its range of fire, and later today, they will receive a very strong response. Prepare yourselves.”
It was not clear whether he was referring to a ground operation, airstrikes or some other form of retaliation against Hezbollah, which is Lebanon’s strongest political force and, with backing from Iran,
is widely considered the top paramilitary group in the Arab world.
The Israeli military has said in recent days it had no immediate plans for a ground invasion, but Halevi’s comments were the strongest yet suggesting troops could move in. Israel’s military said Wednesday it would activate two reserve brigades for missions in the north—another sign that Israel plans tougher action.
Tensions between Israel and Hezbollah have steadily escalated since war broke out 11 months ago between Israel and Hamas, another Iran-backed militant group. Hezbollah has been firing rockets, missiles and drones into northern Israel in solidarity with Palestinians in Gaza and Hamas. Israel has responded with increasingly heavy airstrikes and the targeted killing of Hezbollah commanders while threatening a wider operation.
Nearly a year of fighting had already displaced tens of thousands of people on both sides of the border before the recent escalation. Israel has vowed to do whatever it takes to ensure its citizens can return to their homes in the north, while Hezbollah has said it will keep up its rocket attacks until there is a cease-fire in Gaza, something that appears increasingly remote.
US Secretary of State Antony Blinken urged Israel and Hezbollah to step back, saying all-out war would be disastrous for the region and its people.
Lebanon’s Prime Minister Najib Mikati called on the UN Security Council to act immediately “to guarantee the withdrawal of Israel from all the occupied Lebanese territories and the violations that are repeated on a daily basis.”
Israel’s UN Ambassador Danny
Danon told reporters at the UN that Israel welcomes initiatives to broker a cease-fire and is “open to ideas.” But if diplomacy doesn’t stop Hezbollah attacks so residents of northern Israel can return home, he said, his country would “use all means at our disposal, in accordance with international law, to achieve our aims.”
Lebanon’s health ministry said 72 people were killed Wednesday in the continuing Israeli strikes, raising the death toll from the past three days to 636, with more than 2,000 wounded. At least a quarter of those killed have been women and children, according to Lebanese health officials.
At Dar Al Amal hospital in the eastern city of Baalbek, Soumaya Moussawi lay in bed with her head bandaged and face bruised.
She had been sitting outside with relatives when warplanes started striking in the distance, she said.
“Then suddenly it hit next to us. We were all thrown in different directions,” she said. Two cousins
Putin issues nuclear warning: Any attack on Russia supported by nuclear power considered joint attack
OSCOW—In a strong, new warning to the West, President Vladimir Putin said Wednesday that any nation’s conventional attack on Russia that is supported by a nuclear power will be considered a joint attack on his country.
The threat, outlined in a revision of Moscow’s nuclear doctrine, was clearly aimed at discouraging the West from allowing Ukraine to strike Russia with longer-range weapons and appears to significantly lower the threshold for the possible use of Russia’s nuclear arsenal.
Speaking at a meeting of Russia’s Security Council that considered changes in the doctrine, Putin announced that a revised version of the document states that an attack against his country by a nonnuclear power with the “participation or support of a nuclear power” will be seen as their “joint attack on the Russian Federation.” Putin didn’t specify whether the modified document envisages a nuclear response to such an attack, but he emphasized that Russia could use nuclear weapons in response to a conventional attack posing a “critical threat to our sovereignty,” a vague formulation that leaves broad room for interpretation.
Russia is making slow but steady gains in Ukraine as the conflict grinds through its third year, and the Kremlin is seeking to discourage stronger Western support for Kyiv.
The change in the doctrine follows Putin’s warning to the US and other NATO allies that allowing Ukraine to use Western-supplied longer-range weapons to hit Russian territory would mean that Russia and NATO are at war.
Since Putin sent troops into Ukraine in 2022, he and other Kremlin voices have frequently threatened the West with Russia’s nuclear arsenal to discourage it from ramping up support for Kyiv.
The current doctrine says Moscow could use its nuclear arsenal “in response to the use of nuclear and other types of weapons of mass destruction against it and/or its allies, as well as in the event of aggression against the Russian Federation with the use of conventional weapons when the very existence of the state is in jeopardy.”
Russia’s hawks have been calling for toughening the doctrine for months, criticizing the current version as too vague and weak. They argue it has failed to deter the West from increasing aid to Ukraine and has
created the impression that Moscow won’t ever resort to nuclear weapons.
Ukrainian President Volodymyr Zelenskyy has said he will seek permission from his allies in the US and Europe to use the longerrange weapons to strike deep inside Russian territory, another red line for some of Ukraine’s supporters. The Biden administration has said it hasn’t given Kyiv permission for strikes with US weapons deep inside Russia.
Putin emphasized that the revised doctrine spells out conditions for using nuclear weapons in greater detail, noting they could be used in case of a massive air attack.
“Conditions for Russia’s move to use nuclear weapons are clearly stated” in the revisions, he said.
“We will consider such a possibility when we receive reliable information about a massive launch of air and space attack assets and them crossing our state border,” Putin added, citing “strategic and tactical aircraft, cruise missiles, drones, hypersonic and other flying vehicles.”
The broad formulation appears to significantly broaden the triggers for possible
North Korea has enough uranium for ‘double-digit’ number of nuclear bombs, Seoul spy agency warns
By Kim Tong-Hyung
Associated Press
described by Hezbollah. He dismissed Hezbollah’s claim of targeting the Mossad headquarters just north of Tel Aviv as “psychological warfare.”
The Israeli military said it was the first time a projectile fired from Lebanon had reached central Israel. Hezbollah claimed to have targeted an intelligence base near Tel Aviv last month in an aerial attack, but there was no confirmation. Hamas repeatedly targeted Tel Aviv in the opening months of the war in Gaza.
The launch ratcheted up hostilities in a region that appeared to be teetering toward another allout war, even as Israel continues to battle Hamas in the Gaza Strip.
and her father were killed, and another cousin was badly wounded. This week has been the deadliest in Lebanon since the bruising 2006 month-long war between Israel and Hezbollah.
Hezbollah said it fired a Qader 1 ballistic missile targeting the headquarters of Israel’s Mossad intelligence agency, which it blames for a recent string of targeted killings of its top commanders and for an attack last week in which explosives hidden in pagers and walkietalkies killed dozens of people and wounded thousands, including many Hezbollah members.
Israeli military officials said they intercepted a surface-tosurface missile that set off air-raid sirens in Tel Aviv and across central Israel. There were no reports of casualties or damage. The military said it struck the launch site in southern Lebanon.
Israeli military spokesman Lt. Col. Nadav Shoshani said the missile fired Wednesday had a “heavy warhead” but declined to elaborate or confirm it was the type
nuclear weapons use, compared with the current version of the document, which states Russia could tap its atomic arsenal if “reliable information is received about the launch of ballistic missiles targeting the territory of Russia or its allies.”
Ukraine has repeatedly struck Russian territory with missiles and drones in response to Moscow’s attacks.
The new phrasing holds the door open to a potential nuclear response to any aerial attack—a deliberate ambiguity intended to make the West more reluctant to allow longer-range strikes.
“Regardless of whether you think this is a bluff or not, it’s never good when a major nuclear power loosens the conditions for nuclear use in its declaratory policy,” said Samuel Charap, senior political scientist at RAND, in a post on X.
Putin also said the revised doctrine envisages that Russia could use nuclear weapons in response to an aggression against its ally Belarus, adding that he has agreed on the issue with Belarusian President Alexander Lukashenko.
Lukashenko, who has ruled Belarus with an iron hand for more than 30 years, has relied on Russia’s subsidies and support. He has let Russia use his country’s territory to send troops into Ukraine and allowed the Kremlin to deploy some of Russia’s tactical nuclear weapons in Belarus. AP
When asked about North Korea’s
Israel said Wednesday its air force had struck some 280 Hezbollah targets across Lebanon by early afternoon, including launchers used to fire rockets on the northern Israeli cities of Safed and Nahariya.
In the southern Israeli city of Eilat, a building at the port was struck by a drone, an attack that injured two people and was claimed by an umbrella group for Iranianbacked militias in Iraq. A second drone was intercepted, the Israeli military said.
Fleeing families have flocked to Beirut and the coastal city of Sidon, sleeping in schools turned into shelters, as well as in cars, parks and along the beach. Some sought to leave the country, causing traffic jam at the border with Syria.
The United Nations said more than 90,000 people have been displaced by five days of Israeli strikes. In all, 200,000 people have been displaced in Lebanon since Hezbollah began firing rockets into northern Israel nearly a year ago, drawing Israeli retaliation,
according to the UN Office for the Coordination of Humanitarian Affairs.
Hezbollah’s latest strikes included dozens of rockets fired Wednesday into northern Israel, the military said.
Rocket fire over the past week has disrupted life for more than one million people across northern Israel, with schools closed and public gatherings restricted. Many restaurants and other businesses are shut in the coastal city of Haifa, and there are fewer people on the streets. Some who fled from communities near the border are coming under rocket fire again. Israel has moved thousands of troops who had been serving in Gaza to the northern border. It says Hezbollah has some 150,000 rockets and missiles, including some capable of striking anywhere in Israel.
Cross-border fire began ramping up Sunday after pagers and walkie-talkies used by Hezbollah were attacked remotely, killing 39 people and wounded nearly 3,000, many of them civilians. Lebanon blamed Israel, which has not confirmed or denied responsibility. The next day, Israel said its warplanes struck 1,600 Hezbollah targets, destroying cruise missiles, long- and short-range rockets and attack drones, including weapons concealed in private homes. The strikes racked up the highest one-day death toll in Lebanon since Israel and Hezbollah fought a bruising monthlong war in 2006.
Chehayeb reported from Beirut. Associated Press Writers Suleiman Amhaz in Baalbek, Lebanon; Jon Gambrell in Dubai, United Arab Emirates, and Edith Lederer at the United Nations, contributed to this report.
UN chief criticizes Security Council for failure to end global conflicts
The advance speakers list has five presidents and prime ministers, six foreign ministers, a deputy foreign minister, a vice foreign minister, the US ambassador, who is also listed as a member of President Joe Biden’s Cabinet, and a Russian representative.
At the same time as the council was meeting, Biden was appearing on “The View,” a popular daytime talk show, while Secretary of State Antony Blinken’s schedule said he was scheduled to attend a meeting of the Group of 20 major economic powers soon after.
Mirjana Spoljaric Egger, president of the International Committee of the Red Cross, which works in the world’s crisis areas, called for a renewed respect for international humanitarian law. “Wars can be fought and won while adhering to the letter and the spirit of the law,” she told the council.
Spoljaric said the Red Cross today sees warring parties overlooking their international humanitarian law obligations “to justify violations, destruction and impediments to humanitarian action.”
Liberia’s former President Ellen Johnson Sirleaf, now a member of The Elders group of former global leaders founded by Nelson Mandela, was equally gloomy.
“Preserving peace should be the primary responsibility of any leader. Yet the leadership for peace that the world desperately needs is sorely lacking today,” she said.
The Elders are calling for action on three issues: Leaders must uphold international law. Conflict resolution and peace-building must be “truly inclusive.” And the Security Council, “widely seen to be ineffective,” must be reformed to tackle challenges of the world of 2025 and beyond, and not remain “a relic of 1945,” when the United Nations was established.
On a more positive note, all 15 members of the council approved a presidential statement—a step below a legally binding resolution—that reaffirms the principles of the UN Charter and recognizes the need for universal adherence to obligations in international law and council resolutions.
In the statement, the council underscored “the importance of upholding multilateralism”—the foundation of the UN where all nations work together. And it recognized “that the spirit that guided the creation of the United Nations should prevail and inspire mankind to persist on the path of peace.”
But despite council members’ agreement to the lofty language in the statement, their deep divisions were clearly evident at Wednesday’s meeting.
British Prime Minister Keir Starmer, in his first appearance at the UN, recognized the divide, calling for a renewal of the international consensus on delivering humanitarian support. “This should be a bare minimum, yet too often, we’re falling short,” he said.
He also called for an end to fighting in Gaza, Ukraine and Sudan and accountability for those violating the UN Charter, saying Russia carried out “the greatest violation of the Charter in a generation” by invading Ukraine.
US Ambassador Linda Thomas-Greenfield said the council must be guided by the UN Charter, and called Russia’s invasion of Ukraine a direct attack on the Charter’s foundational values.
“Since launching its full-scale invasion, Russia has committed atrocity after atrocity,” she said. “President (Vladimir) Putin remains hell-bent on redrawing the borders of a sovereign country by force. But the Ukrainian people have not relented. They have stood strong.”
Comelec adopts ordinance of Taguig on EMBO inclusion
By Justine Xyrah Garcia
THE Commission on Elections (Comelec) on Thursday affirmed Taguig’s ordinance to include the 10 Enlisted Men’s Barrio (EMBO) barangays in the voting for city councilors in the midterm polls next year.
In a resolution, the poll body specified that the residents of Comembo, Pembo, and Rizal barangays will vote under the first legislative and councilor district of Taguig.
Meanwhile, residents of Cembo, South Cembo, East Rembo, West Rembo, Pitogo, Post Proper Northside, and Post Proper Southside will vote in the second legislative and councilor district.
Aside from its approval of the reapportionment of the 10 EMBO barangays, the Comelec en banc also increased the
number of seats in the city council.
Each district, which previously had eight councilors, will have 12 councilors starting next year.
In a text message, Comelec Chairman George Garcia clarified that EMBO residents of Taguig can still not vote for congressional representatives.
“No, wait for another resolution based on the concurrent resolution,” the poll chief said.
As of this writing, a concurrent resolution is still pending in the Senate and House of Representatives. Until this is passed, the 375,016 residents of these barangays will only participate in the national elections, as well as in the mayoral, vice mayoral, and city councilor voting.
MPH acquires majority stake in Mindanao hospital
By VG Cabuag @Villygc
METRO Pacific Health Corp. (MPH) on Thursday said it sealed the deal to acquire a majority shareholding in San Francisco Doctors Hospital (SFDH) in Agusan del Sur.
The company said it acquired the hospital with its unit Santos Clinic Inc. (SCI), owner and operator of Manuel J. Santos Hospital (MJSH), a premier healthcare institution established in 1933, in Butuan.
The investment marks the acquisition of MPH’s sixth hospital in Mindanao and the 25th in the network.
San Francisco Doctors Hospital is a 100-bed facility in San Francisco, Agusan del Sur, that opened its doors in 2013. Located just 80 kilometers from MJSH, San Francisco Doctors is well-positioned to benefit from the operational efficiencies and synergies that this strategic investment will bring, the company said.
“Our focus has always been on creating a robust healthcare network that can deliver superior patient care across the country and in the localities that we serve. By integrating SFDH into our network, we are expanding our reach and ensuring that the people of Agusan del Sur and nearby areas have access to the best healthcare services,” Oslec Lopez, president of Santos Clinic and MPH’s chief transformation and operations officer, said.
MPH said it plans to “invest heavily” in the development and
management of SFDH, aiming to enhance the hospital’s capacity to meet the growing healthcare needs of Agusan del Sur and the surrounding communities.
This joint investment by MPH and Santos Clinic follows a proven strategy of enhancing healthcare delivery in the provinces by linking a larger, urban hospital with a smaller, strategically located facility, the company said.
“Expanding our network through strategic investments like the one in San Francisco Doctors Hospital allows us to bring accessible and dependable healthcare to more communities. We remain committed to delivering topquality healthcare services and improving the overall health infrastructure across our archipelago,” Augusto Palisoc, Jr., president of MPH, said.
“We are grateful to MPH and SCI for recognizing the potential of SFDH. Their investment will undoubtedly elevate the standard of healthcare in our community and ensure that our patients receive the best possible care,” Jose Manuel Reyes, a member of the founding family of SFDH, said.
Metro Pacific Health is the largest private hospital group in the Philippines, with 25 hospitals. The hospitals in its network include Makati Medical Center, Asian Hospital and Medical Center, Cardinal Santos Medical Center, Davao Doctors Hospital and Riverside Medical Center in Bacolod, as well as 33 outpatient care centers, two allied health colleges, and a centralized laboratory, Medi Linx Laboratory.
NFA seeks funds for purchase of play
Continued from A14
In June, the NFA Council raised the ceiling price for palay purchases to P30 a kilo from P23 a kilo while the floor price was lifted to P17 from P16 per kilogram.
By keeping the buying price at a minimum of P21 a kilo, Laurel said it could address reports that traders were buying palay in Nueva Ecija at P16 to P17 a kilo.
Meanwhile, Lacson said its agreement with the National Irrigation Administration (NIA) would allow the agency to more effectively pursue its mandate of building a rice buffer stock.
“Our convergence with NIA and DA regional offices has allowed us to use smaller trucks
DA allots ₧5-B to ensure farm price stability in 2025
Tto go directly to the farms to buy palay, reducing the cost of farmers,” Lacson said.
The DA said the grains agency has already procured a total of 4 million bags as of September 25. Lacson recently said that the government’s rice inventory can feed the nation for five days. (See: https://businessmirror.com. ph/2024/09/26/nfa-rice-inventory-can-feed-entire-countryfor-5-days/)
He noted that the grains agency’s stockpile reached 3.1 million 50-kilo bags or 157,000 metric tons (MT) of rice as of posting.
“The entire Philippines can be fed for up to…almost 5 days,” Lacson said, partly in Filipino, in a radio interview on Wednesday.
By Ada Pelonia @adapelonia
HE Department of Agriculture (DA) said it is setting aside a buffer fund of P5 billion for 2025 to help boost the supply and maintain the stability of prices of agricultural commodities.
Section 9 of the Price Act allowed the DA to stockpile agricultural commodities and devise ways of distributing them for sale at reasonable prices in areas experiencing supply shortages or unreasonable price increases.
The law states that for such purposes, a buffer fund should be allocated in the annual appropriations of the implementing agencies.
“For next year, we are almost sure that we can get that P5 billion buffer fund [...] to be able to use in case we have to trigger the Price Act,” Agriculture Secretary Francisco Tiu Laurel Jr. told reporters on the sidelines of an agriculture forum in Makati City on Thursday.
In July, the DA released implementing guidelines, noting the need to ensure the administrative feasibility of the provision’s implementation.
May trigger point yung use of these funds. Kung biglang may spike sa market, up or down na medyo malaki , then dadaan ‘yan sa NPCC [National
Price Coordinating Council],” he said.
Sustainable agriculture MEANWHILE , Laurel cited the pressing challenges faced by the country’s agriculture sector during the forum, stressing the need for sustainable practices to ensure food security in the country.
“While agriculture remains a cornerstone of our economy, it is grappling with numerous challenges, including climate change, resource degradation, and socioeconomic pressures,” he said. “These factors make food security a pressing issue both globally and locally.”
Financial mismangement stalls growth for MSMEs–Cloudcfo
Continued from A14
While some advancements have been made, there hasn’t been a widespread increase in productivity or large-scale layoffs as anticipated. Intrigued by this disparity, Das Neves began researching the factors that influence the realization of technological innovations, emphasizing that reaching their full potential relies on addressing crucial elements.
“AI, in my opinion, will reach its full potential when we rethink the way we do everything through AI, not apply AI to the task we’re doing,” he said.
He said their goal is to restructure the entire accounting process around AI, rather than just focusing on individual tasks. To achieve this, it’s essential to elevate the role of the accountant, shifting the focus from basic credit and debit tasks to analysis, system understanding, and providing informed advice to clients, he said.
“Our job is not really to replace them, not at all to empower them. It is to help entrepreneurs better through the integration of expertise and technology. That’s us in a nutshell,” he said.
CloudCFO, established in 2016, has started its operations in the Philippines and now serves over 230 active clients worldwide, including in the USA, Canada, and New Zealand. The company boasts a team of more than 120 accounting and finance professionals.
While they do not specifically
target certain industries, the firm finds that they collaborate effectively with particular sectors, as not all industries are prepared for digitalization.
This Philippine-based accounting firm said it particularly excels in working with technology companies and startups, which tend to have a digital mindset, as well as with restaurants, food and beverage businesses, and some retail sectors.
“I think what’s important to us as people is working with companies that have that growth mindset and really want to use what we produce to run their business better because I put the emphasis on process,” Das Neves said.
Digitalization demand soars
WHILE Das Neves acknowledged a strong demand for digitalization in the Philippines, which is currently in progress, he noted that the digitalization process faces challenges as many regulatory requirements are still paper-based.
Thus, he thinks their technology and processes must be tailored to bridge the gap between offline and online compliance, ensuring businesses meet their documentation obligations while leveraging technology for growth.
Despite these barriers, he sees a significant recognition among businesses of the need to digitalize and improve operations, which indicates a substantial market demand for their services across SMEs.
Among the strategic measures outlined by Laurel were expanding agricultural areas, modernizing production systems, and improving post-harvest infrastructure.
He also stressed the importance of utilizing advanced technologies and best practices to enhance productivity and resilience within farming communities.
“To achieve our goals, we must embrace science and information-driven decision-making,” he said. “This includes equipping stakeholders with real-time
data and modern tools to make informed choices.”
However, despite proactive strategies, the agri chief acknowledged the obstacles ahead.
“The road to sustainable agriculture is fraught with challenges, but through collaboration with the private sector, NGOs, and international partners, we can overcome them,” he said.
“Only through collective effort can we pave the way for a sustainable agricultural future.”
Green Lane system: A game-changer for PHL economic growth and competitiveness
TH e government’s initiative to establish a “green lane” system is a significant step towards attracting foreign direct investments and boosting the country’s economic growth. With the issuance of executive Order 18, the Marcos administration has demonstrated its commitment to creating a conducive environment for strategic investments.
The initial success of the green lane system is evident with the approval of 126 projects, amounting to a staggering P4.1 trillion. This achievement highlights the potential of the green lane system to expedite the approval process and attract substantial investments, particularly in the renewable energy sector, which accounts for the majority of approved projects. (Read the BusinessMirror story: “With 126 projects worth P4T, BOI wants Green Lane law,” September 25, 2024).
However, the government must ensure that the green lane system is not just a temporary measure but also a sustainable and long-term strategy. As BOI Managing Head Ceferino S. Rodolfo rightly pointed out, legislating the green lane into law will give it the necessary “teeth” and institutionalize its benefits. This move will provide much-needed stability and assurance to potential investors, both domestic and foreign.
The proposed “Green Lanes for Strategic Investments Act” is a welcome development, as it aims to codify the green lane system and establish it as a permanent feature of the country’s investment landscape. By providing a simplified and streamlined regulatory environment, the act will encourage more strategic investments, promote transparency, and reduce bureaucratic hurdles.
Furthermore, the additional budget requested by the BOI for the green lane program is essential to ensure its effective implementation and to provide the necessary support to investors. Hand-holding investors and guiding them through the process will not only increase investment but also foster a positive business environment, which is crucial for long-term economic growth.
The Senate’s approval of the Department of Trade and Industry’s proposed budget for 2025 is a positive sign, indicating the government’s continued support for initiatives that promote ease of doing business and attract foreign investments. With the right legislative and budgetary support, the green lane system has the potential to transform the Philippine investment landscape and contribute significantly to the country’s economic development.
To drive economic growth and progress, it is crucial for the country to enhance its attractiveness to foreign direct investments. By streamlining the investment process, the government can create a more business-friendly environment that will attract more investors and create jobs.
The green lane system for strategic investments represents an important advancement for the country. The push to institutionalize it through legislation is indeed a wise move. Enshrining this initiative in law will provide it with the necessary legal framework and enforcement mechanisms to ensure its long-term viability and effectiveness. It will also signal to the global investment community that the Philippines is serious about creating a streamlined, transparent, and business-friendly environment.
The green lane, with its strong initial results and the ongoing effort to solidify its legal foundation, offers a promising path towards sustainable and inclusive economic growth. We urge lawmakers to expedite the passage of the “Green Lanes for Strategic Investments Act” to further boost the country’s economic growth and competitiveness.
BusinessMirror
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Raising the Philippine flag in honor of Filipino seafarers
‘IDennis Gorecho
Pinoy Marino Rights
taas mo ang iyong tinig sa panunumpa! Dahil ang pagpupugay sa bandila ay pagmamahal sa bansa.”
Thus declared Kapuso actor and Major Jose Sixto “Dingdong” Dantes as he read the “Pagpupugay sa Busilak na Bandila” during the “Stop and Salute Flag-Raising Ceremony” on September 23, 2024 at the Independence Flagpole of Rizal Park Luneta in honor of Filipino seafarers and reservists.
The flag-raising event coincided with the celebration of the 29th National Seafarers’ Day (NSD) and the 25th National Maritime Week (NMW).
NSD is celebrated by virtue of Proclamation No. 828 s. 1996 by President Fidel V. Ramos declaring August 18 as NSD. It was later moved to the last Sunday of September every year by Proclamation 1094 s. 1997. The purpose of the proclamation is to give due recognition to the vital role of Filipino seafarers towards the development of the Philippines as a maritime country.
NSD this year is set on September 29, 2024 with the theme “Marinong Filipino: Ligtas na Paglalayag!”
The NSD coincides with the NMW celebrated every last week of September, spearheaded alter -
natively by the government agencies Maritime Industry Authority (Marina), Philippine Coast Guard (PCG), and Philippine Ports Authority (PPA).
C/E Elizsa Chomi of Maritime Academy of Asia and the Pacific (MAAP) led the oath of allegiance that states: “Ako ay Pilipino. Buong katapatang nanunumpa sa watawat ng Pilipinas, at sa bansang kanyang sinasagisag; na may dangal, katarungan at Kalayaan; na pinakikilos ng sambayanang maka-Diyos,maka-kalikasan, maka-tao at maka-bansa!” Chomi is the MAAP female graduate to act as chief engineer onboard.
Filipino seafarers are “sailing ambassadors” for demonstrating the best traits of the Filipinos before the international maritime community.
The Philippines is considered as
The Philippines is considered as one of the major supplier of maritime labor globally as it is estimated that there is one Filipino seafarer for every four to five complements on board a vessel at any time.
one of the major supplier of maritime labor globally as it is estimated that there is one Filipino seafarer for every four to five complements on board a vessel at any time.
According to the Baltic and International Maritime Council (BIMCO)/International Chamber of Shipping (ICS) Seafarer Workforce Report 2021, the top five largest supplier for both officers and ratings are the Philippines, the Russian Federation, Indonesia, China, and India. Together, these countries supplied 44 percent of the global seafarer workforce.
In 2023, Filipino seafarers deployed reached 578,626 with the corresponding dollar remittances amounting to $6,852,362,000.
The sea-based sector’s remittances comprise at least 20 percent of the total OFW dollar remittances that amounted to $33,490,930,000 in 2023.
“Government positions should not serve as a means for personal gain or privilege,” a reminder from Bishop Ruperto Santos of Antipolo in his homily during the September 22, 2024 mass at the PCG headquarters
Japan’s next PM faces challenge of new US leader and tension with China
By Alastair Gale
AMOnG the challenges awaiting Japan’s next prime minister, few will be as weighty as managing relations with its sole treaty ally the US and navigating fraying ties with China, the biggest trading partner for Tokyo.
The ruling Liberal Democratic Party will elect a new leader Friday who is set to become the next premier. During initial stages of the election campaign, foreign policy issues mostly took a back seat.
That changed last week after the fatal stabbing of a Japanese schoolboy in China, an incident that prompted all the candidates to make calls for a full investigation and demand steps to protect Japanese citizens.
Tensions had already been high in meetings between Japanese and Chinese diplomats after a Chinese military aircraft made an unauthorized entry into Japanese airspace for the first time last month. Japan countered by sailing one of its warships through the Taiwan Strait for the first time earlier this week, Kyodo
News reported Thursday, in a move likely to anger China.
The LDP’s dominance in parliament makes it all but certain the winner of its leadership race will be elected the nation’s next prime minister on October 1. The nine candidates have all indicated they would continue to align with the US to counter China’s growing assertiveness, as well as threats from North Korea and Russia.
“I wouldn’t expect any great changes because the main objective of any Japanese government remains consolidation of the alliance with the US, and expansion of—and strengthening—ties to other security partners in the face of doubts about the credibility of the US and an increasingly hostile external environment,” said Brad Glosserman,
The LDP’s dominance in parliament makes it all but certain the winner of its leadership race will be elected the nation’s next prime minister on Oct. 1. The nine candidates have all indicated they would continue to align with the US to counter China’s growing assertiveness, as well as threats from North Korea and Russia.
a senior adviser at Pacific Forum, a think-tank based in Hawaii.
Confidence in the US has been shaken by recent moves seen as inward looking. These include opposition by US President Joe Biden, a Democrat, and from leading Republicans to a proposed deal by Nippon Steel Corp. to buy United States Steel Corp.
However, none of the candidates has advocated major change in Japan’s relationship with the US, and most want to continue deepening ties to other leading democracies including South Korea and Australia.
in Manila as part of the NSD/NMW opening ceremonies.
Bishop Santos is the Bishop Promoter of Stella Maris-Philippines, which is the Catholic Church’s missionary work to the peoples of the sea, particularly seafarers, whether they are on merchant, passenger, war or fishing vessels.
Stella Maris Philippines is tasked to coordinate with the public and private sectors the NSD-related activities including nationwide masses and prayers for the safe voyage of seafarers as well as grand parade, processions, seminars, oratorical, art and karaoke contests. Wreathe and flower-throwing activities are also offered for the deceased seafarers and fishers, as well as for those who have perished or missing at sea.
“Let us choose those who will truly help us, not those who will just sing or dance for us, or only make us laugh. And not those who will do or say nothing when our God is mocked and our Catholic faith is disrespected,” Santos said.
The bishop also said that voting should not be based on camaraderie, promises, endorsements, or popularity.
Bishop Santos added: “Voting is our right. It is about our future. We must choose correctly, wisely, and worthily. Because if we don’t choose correctly, we will regret it and suffer in the end. But if we vote for those who are honest, true, and genuine,
See “Gorecho,” A13
That doesn’t mean it will be smooth sailing. It still remains unknown how Democratic nominee Vice President Kamala Harris would approach Japan if she wins the November presidential election. During his campaign for the election, Trump has renewed criticism of trade imbalances with Japan. When he previously held the office, Trump demanded that Tokyo pay more to host US troops.
Japan may have its own requests. Shigeru Ishiba, a frontrunner in the LDP election, has said he would like a review of the agreement that allows US troops to be based in Japan to make it fairer. He hasn’t provided specifics. Some of the candidates want Japan to be allowed to join the intelligence-sharing group of nations known as the Five Eyes, comprising the US, Canada, Australia, New Zealand and the UK.
One of the foreign policy achievements of outgoing Prime Minister Fumio Kishida has been to foster a closer relationship with South Korea See “Japan,” A13
Ambassador Antonio L. Cabangon Chua
The Anti-Agricultural Economic Sabotage Council needs someone with proven track record
September 26, 2024 marked another important milestone in the country’s quest to end smuggling and other forms of illicit trade, with president Ferdinand “bongbong” marcos Jr. signing the Anti-Agricultural economic Sabotage Act on this day.
Once it becomes effective, agricultural smuggling, hoarding, profiteering, cartel and financing of these illicit trade practices will be classified as acts of economic sabotage, making them non-bailable offenses that carry penalties of life imprisonment and a fine of five times the value of agricultural and fishery products involved in the crime.
Meanwhile, those that will be found to have aided the commission of agricultural economic sabotage, including the transport and storage of the smuggled goods, shall be penalized with 20 to 30 years imprisonment and a fine of thrice the value of the subject agricultural and fishery products.
Overseeing the implementation of the law is the Anti-Agricultural Economic Sabotage Council to be chaired by the President or his designated permanent representative. Its members will be composed of the heads of the Department of Agriculture, Department of Justice, Department of Finance, Department of the Interior and Local Government, Department of Transportation, Department of Trade and Industry, the AntiMoney Laundering Council, and the Philippine Competition Commission. There will also be representatives from the private sector.
Indeed, this gives more teeth to the pronouncement of President Marcos in his first State of the Nation Address: “Bilang na ang mga araw ng mga smuggler.”
With smuggling, hoarding, and profiteering in check, we see a ripple of benefits that can be felt by our agriculture sector and, ultimately, the Filipino people. The law will serve as a catalyst for robust growth in the country’s farm output, in the process boosting food supply and reducing prices.
However, as in other laws, implementation will make or break the lofty promises of this measure.
This is why, as early as now, I am appealing to the President to make sure that the one he will appoint to head the Anti-Agricultural Economic Sabotage Council already has a proven track record in fighting smuggling and other illicit trade without letup and independent of influence-peddlers.
I did a quick check of the people now serving the present administration or particularly in Malacanang to see if the President already has someone who ticks all the boxes and can immediately hit the ground running once appointed head of the council.
Fortunately, there is one official in Malacanang who has the track record, curriculum vitae, character and values fit for the job.
we can expect good and effective leadership.”
Call me by your name
Cite in contempt? Cite for contempt? the prepositions matter, and those who wield such language matter.
Not since the days of senators who spoke with such fluency and gravitas are ordinary people excited about the power of politicians to speak.
Out of respect for that person or so as not to suprise or unduly put him in the spotlight, I’m opting not to mention his name here. But this Malacanang official, for several years, worked hand in hand with the Federation of Philippine Industries (FPI) including other private sector associations to combat smuggling, during his stint in Customs under the Anti-Smuggling Program sponsored by the USAid. Various industry groups have witnessed how he works – from the apprehension and investigation of smuggling cases to the actual operation, case profiling, case-building, and all the way to the prosecution and conviction.
We worked together in a high profile case involving technical smuggling of P90 million worth of reinforced steel bars, which resulted in the conviction of four individuals before the Court of Tax Appeals in 2017 and was affirmed by the Supreme Court in 2019. We also looked into the illegal entry of goods through Subic, fought against smugglers of ceramic tiles, and campaigned hard against the illegal shipments of rice and other agri products such as sugar, fish, pork, chicken MDM, onions, etc..
This official, a product of USAid, was never deterred by “padrinos” or relationships with influential people, and his resolve to curb smuggling was never affected by people or groups who attempted to besmirch his good name.
I’ve been fighting smuggling and other forms of illicit trade for more than five decades already, he is one of a few persons in government wh—I should say—inspired me to continue this long and hard battle, personally seeing his patience and desire to help the local industries and the farmers being harshly affected by rampant smuggling activities.
For sure, some would discredit him, because this official, as far as I can remember, has filed hundreds of criminal cases against around 600 individuals involved in smuggling activities.
With him at the helm of the soonto-be-created Anti-Agricultural Economic Sabotage Council, we at the FPI and Fight Illicit Trade will again be emboldened and inspired further, as if we received another shot in the arm, just like how we felt when President BBM made his strong policy pronouncement against smugglers and hoarders.
Dr. Jesus Lim Arranza is the chairman of the Federation of Philippine Industries and Fight Illicit Trade; a broad-based, multisectoral movement intended to protect consumers, safeguard government revenues and shield legitimate industries from the ill effects of smuggling.
“We are grateful for the sacrifices you have given this country—and indeed this is the perfect place, the cradle of heroes, to honor your excellence, dedication, heroism and your significant contributions to our economy,” said Monique Pronove of the Salute To A Clean Flag Movement, which organizes the monthly flag raising ceremony that aimed to reignite love of country, to remind citizens of their civic duties, and to inspire the youth to push for change.
Atty. Dennis R. Gorecho heads the Seafarers’ Division of the Sapalo Velez Bundang Bulilan Law Offices. For comments, e-mail info@sapalovelez. com, or call 0917-5025808 or 0908-8665786.
Give or take the fact that citizens believe politics is inherently corrupt, there is online a growing interest in how our senators (this position has always been degendered) as well as congressmen and congresswomen orate. Or speechify.
The primum movens, by way of articulating, of all this furor are two sessions being conducted. One is about the Pogo phenomenon and the other is about the Budget. The pogos have mascots in the persons of a former mayor of a second-class municipality in the southernmost part of Tarlac, her putative sister, brother, and another young woman whose hair and age have been demonized during hearings. Samples of this are: “For one so young and who is a dropout, you are smarter than many of us here… not to mention, wealthier.” Another, and this happened when she was cited for contempt, “Where did you have your hair done?” And the third, which takes the pastry: Ms Li Ong, do you eat hopia?
The subject of hopia-eating is Katherine Cassandra Li-Ong. If you have been following up the sessions on Pogo, her name, or how to call her, has apparently not been decided yet by both the Senate and the House of the Representatives. She has been called Cassandra Li-Ong and, for those who aim to make a point, has been addressed with such fastidiousness by reciting her first two names and the hyphenated family name. Sometimes, she is called simply Ms. Li, the name conjures espionage and stiletto heels; at times Cassandra suffices. In another period and were Jovito Salonga or Rene Saguisag around, the two stellar senators would have crafted an exordium around the name “Cassandra” and reminded us of her namesake—a Trojan princess gifted by Apollo with the power to prophesy. Like any gift from the gods, that power to foretell came with a curse—no one would believe what she would say.
And yet, Katherine Cassandra Li-Ong is indeed long. And so, there is one congressman who appears to have taken the liberty of addressing her merely as “Cassie.”
The point is the name and its use can be political in proceedings that are formal and done “in aid of legislation.” This has given me a new game as I track the sessions aired live and streamed online and this is how names are mangled or murdered. At times, the congressmen themselves are addressed in variants depending on how one knows that particular person.
Are we the only country where politicians are addressed by their nicknames or some shortened version of their position? Sen? Cong?
In the case of Alice Guo, Senator Hontiveros has done an astute political act. When she addresses the lead star of the Pogo cases, the good senator has opted to call her “Guo Hua Ping also known as Alice Guo.”
Not the other way around. As an audience, I wish the other politicians would do the same. That simple act of calling a person by what the government has discovered in terms of her real identity puts the putative spy in her real place. It is an assertion that is both persuasive and political, strategic and self-assured.
Right now, the online chat that appears on one side of the streaming video, providing a running commentary on what is transpiring, mentions two names. And they are women. For the Senate, it is Riza Hontiveros and for the House of the Representatives it is Gerville Luistro. Most of the time, she is addressed as “Jinky” Luistro.
Hontiveros, of course, has already made herself already a name as a nononsense speaker. Calm and collected, she is magisterial. Interestingly enough (the feminists would love this), Hontiveros is never hysterical,
with anger (not rage) and hysteria now weapons of destruction appropriated by the male senators in general. The same is true in the House of the Representatives, where Luistro is the cool agent of change. Her voice never rises to the pitch of nervousness. She does her task through questions that surround the guilty with her tiny traps of logic. Unlike other interpellators who metaphorically have the resource speakers by their throat, Luistro remains gentle and respectful, accepting all the answers. But in the end, she summarizes all the answers and non-answers of the person she is interpellating and the latter realizes she has fallen into, to borrow a term from techies, a “honeypot” of a different species. You know the saying, if you bring in the clowns, then you have a circus. Well, a different show happened in a budget hearing. Again, two women were involved in this issue: one was the Vice President and the other was the former Undersecretary of Education. In the middle of the session, while one congressman was questioning the retired education official, he called everyone’s attention to the fact that the Vice President was all the while listening to the whole process. She was holding a press conference and discrediting the former Usec by saying she never gave anyone envelopes with fifty thousand pesos in it. Upon hearing this, the former education official turned to where her bag was behind her and pulled from it what looked like a satin pouch and from it the contested envelopes. As they say: Winner!
E-mail: titovaliente@yahoo.com
US, Europe and allies offer truce plan to avert Lebanon war
By Iain Marlow, Ellen Milligan, Samy Adghirni, Augusta Saraiva & Golnar Motevalli
the US, european allies and Arab powers proposed a threeweek cease-fire between israel and hezbollah in Lebanon as part of a bid to clear the way for negotiations and avert all-out war after days of air-strikes by israeli forces.
“It is time to conclude a diplomatic settlement that enables civilians on both sides of the border to return to their homes in safety,” the nations said in a statement released Wednesday evening that called on the governments of Israel and Lebanon to implement the pause in fighting.
If they do so, the countries said they stand ready to support a push toward a deal that would end the crisis altogether—though the terms of such an agreement remained undefined.
Senior Biden administration officials said that they expect the governments of Israel and Lebanon to make statements accepting the deal in the coming hours, and expressed hope that it will open the door to achieving a so-far elusive end to the fighting between Israel and Hamas in the Gaza Strip. There was no immediate word from Hezbollah on whether the Iran-backed group would agree to the deal.
The effort’s goal is to prevent a major war from breaking out, create the conditions for tens of thousands of displaced Israelis to return to their country’s north and help revive efforts for a cease-fire and hostage deal
Japan . .
. continued from A12
and increase trilateral cooperation with the US in areas such as missile defense. That progress could be at risk if a new prime minister doesn’t invest as much in fostering ties with Seoul.
Friction may surface if the new premier visits the Yasukuni Shrine in Tokyo, a memorial for the nation’s war dead that is regarded by South Korea and some other nations as a symbol of past militarism. Sanae Takaichi, a staunch conservative who is among the election favorites, is a regular visitor to the shrine. She has said she would continue to go as
in Gaza, according to the people, who asked not to be identified discussing private deliberations.
US President Joe Biden and French President Emmanuel Macron said in a statement that their effort was intended “to give diplomacy a chance to succeed and avoid further escalations across the border.”
“The exchange of fire since Oct. 7th, and in particular over the past two weeks, threatens a much broader conflict, and harm to civilians,” the pair said.
The talks involving Washington, Israel and other allies are unfolding as Israel pounds Hezbollah targets across Lebanon with air strikes and as fears grow across the region and in Western capitals that a longfeared regional expansion of the Israel-Hamas conflict was about to unfold.
More than 600 people, including at least 50 children, have been killed since Israel began bombarding southern Lebanon and the Bekaa Valley on Monday, Lebanese government officials said. It’s the worst violence in the region since the 2006 Lebanon war.
And it may not stop there. Israeli military officials have warned of a
prime minister.
Any visit to Yasukuni—where 14 Class-A war criminals are honored alongside other war dead—might trigger tension with the US. A visit by former Prime Minister Shinzo Abe to Yasukuni in December 2013 prompted a rare public expression of discord when then US Ambassador Caroline Kennedy expressed “disappointment” over the visit. Abe then refrained from going to the shrine until he stood down as prime minister in 2020.
Alternatively, some political analysts say a more overtly nationalist Japanese prime minister may be a better fit in coordination with the US over China, the country that both have said is their primary strategic threat. Japan’s deep business ties to
The talks involving Washington, Israel and other allies are unfolding as Israel pounds Hezbollah targets across Lebanon with air strikes and as fears grow across the region and in Western capitals that a long-feared regional expansion of the Israel-Hamas conflict was about to unfold.
possible ground invasion into Lebanon, a development that could compel Iran to attack Israel.
“We are grateful for all of those who are making a sincere effort with diplomacy to avoid escalation, to avoid a full war,” Israel’s ambassador to the UN Danny Danon said before Barrot announced the 21-day plan.
“We are open to ideas.”
Earlier Wednesday, Biden framed the cease-fire proposal as part of a diplomatic process that could help unlock an end to the nearly yearold Israel-Hamas war in the Gaza Strip—a deal his administration has doggedly pursued but failed to accomplish for months.
“I don’t want to exaggerate it, but a possibility, if we can deal with a cease-fire in Lebanon, that it can move into dealing with the West Bank, and also in Gaza—and so, it’s possible,” Biden said in an interview with ABC’s “The View.”
US Secretary of State Antony Blinken had been working on the cease-fire proposal all week in New York, according to a US official fa-
China sometimes make Tokyo cautious over fully aligning with the US, such as over restrictions on exports of semiconductor-related equipment.
“There is a possibility that Trump would see policy agreement with Takaichi in terms of being tough on China,” said Naoko Funatsu, a research fellow at the Japan Institute of International Affairs, a Tokyo-based think tank. The third frontrunner in the LDP campaign is Shinjiro Koizumi, who studied at Columbia University in New York and worked as a researcher at a Washington think tank. Koizumi, 43, once served as environment minister but his lack of experience compared with most of the other candidates could be a handicap in the election.
miliar with the process. Blinken discussed it with French officials and urged Group of Seven foreign ministers at a dinner that night to come up with a joint approach and build consensus. He then spent two days talking with European and Arab partners discussing text of the deal, the official said.
UK Foreign Secretary David Lammy urged Iran Foreign Minister Abbas Araghchi to use his country’s influence over Hezbollah to pull Lebanon back from the brink, said a person familiar with the meeting who asked not to be identified discussing private conversations. Israeli Prime Minister Benjamin Netanyahu was set to arrive in New York on Thursday for the annual gathering of the UN General Assembly. Netanyahu and top adviser Ron Dermer are involved in an attempt to come to a diplomatic solution to the spiraling military confrontation with Hezbollah, designated a terrorist group by the US, according to an Israeli official who declined to be named. Even if a temporary truce is reached, officials are skeptical about how long lasting such a deal could be and whether it would amount to the longer-term political settlement that US officials have urged, according to one senior diplomat with direct knowledge of the talks. With assistance from Donato Paolo Mancini,
“One of the concerns about Koizumi is his very limited track record in diplomacy,” said Yu Uchiyama, a professor at Tokyo University. During the campaign, Koizumi hasn’t disputed his inexperience, but said his youth could be an asset, including in dealing with North Korean leader Kim Jong Un, a contemporary at 40. Koizumi’s father is Junichiro Koizumi, a former prime minister who held a 2002 summit in Pyongyang with then-leader Kim Jong Il, after which North Korea released some of the Japanese citizens it abducted during the 1970s and 1980s. Since then, Japan has demanded the release of all the other surviving abductees. Bloomberg
Tito Genova Valiente annoTaTions
María Paula Mijares Torres, Alex Morales, Dan Williams, Skylar Woodhouse, Marissa Newman and Eric Martin /Bloomberg
Dr. Jesus Lim arranza MaKE sEnsE
Friday, September 27, 2024
‘New law will dismantle cartels behind smuggling of agri goods’
By Samuel P. Medenilla @sam_medenilla & Ada Pelonia @adapelonia
President Ferdinand Marcos has vowed to “dismantle the powerful forces” behind the smuggling, hoarding, and profiteering of agricultural and fishery products after signing republic Act (rA) 12022 or the Anti-Agricultural economic sabotage Act last thursday.
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. RA 12022, he said, will serve as an effective deterrent for organized crime syndicates behind market manipulation since it classified smuggling, hoarding and profiteering of agricultural and fishery products as economic sabotage—a non-bailable of -
fense punishable by life imprisonment and fines up to five times the value of the goods involved.
“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,” the President said.
Likewise, he said it will also help destroy the “networks” of market manipulators.
“And let me be clear: this law does not just target the masterminds; it holds all accomplices accountable— financiers, brokers, employees, even transporters,” Marcos said.
Under RA 12022, the President will lead the soon-to-be created Anti-Ag -
ricultural Economic Sabotage Council (AAESC), which will set the antismuggling policies.
Its members will include the Secretaries of Agriculture, Finance, Transportation, Trade and Industry, and Interior and Local Government, and Justice, and other key officials.
The Anti-Agricultural Economic Sabotage Enforcement Group will serve as the enforcement arm of the AAESC and tasked to dismantle smuggling operations and apprehend offenders.
To ensure the swift resolution of agricultural sabotage cases, the new laws will also establish a special team of prosecutors nationwide to focus on the said crime.
Marcos underscored the importance of stopping agricultural sabotage cases due to its socio-economic impact.
He noted that the government lost over P3 billion pesos to agricultural smuggling in 2023, while authorities were able to seized over P230 million worth of smuggled agricultural products in previous months.
“Every sack of smuggled rice, every under-the-table onion deal, every substandard meat sneaking past our quarantine checks—these are not just numbers; they represent lives, families, and futures that are being compromised,” Marcos said.
Stiffer penalties
AGRICULTURE Secretary Francisco
Tiu Laurel Jr. welcomed the signing into law of the Anti-Agricultural Economic Sabotage Act (AGES), which imposes stiffer penalties against smugglers and hoarders of agricultural food products including cartels.
“This new law that penalizes violators with higher fines and long jail terms, should instill fear in the minds of smugglers and hoarders, and force them to mend their ways,” Laurel said in a statement.
“This would also benefit our farmers and fisherfolk whose livelihoods are imperiled by unscrupulous hoarders and smugglers,” he added.
The AGES treats smuggling and hoarding of agricultural food products as economic sabotage when the value of goods exceeds P10 million. Creating cartels and financing smugglers and hoarders would also be considered economic sabotage.
Aside from a fine that is five times the value of smuggled or hoarded agricultural or fishery products, violators face life imprisonment if proven guilty.
Agricultural products covered by AGES are rice, corn, beef and other ruminants, pork, poultry, garlic, onions, carrots, garlic, other vegetables, fruit, fish, salt and other aquatic products in their raw state.
“AGES also grants rewards of up to P20 million and other incentives to those who will provide information that would lead to the investigation, arrest, prosecution, and conviction of smugglers and hoarders. This should lead to the radical reduction of their ranks,” Laurel said.
The law requires the establishment and maintenance of a Daily Price Index, which would be handled by the DA’s Bureau of Agricultural Research and Agribusiness and Marketing Assistance Service.
By Justine Xyrah Garcia
By John Eiron R. Francisco
tHE lack of “timely and accurate” financial data remains a critical barrier for small and medium-sized enterprises (SMEs), severely impeding their growth and scalability, Global cloud-based accounting firm CloudCfo has revealed.
Mikael Cardoso Das Neves, CloudCfo Founder and CEO, said fewer than 4 percent of SMEs surpass $2 million in annual revenue, with less than 20 percent surviving beyond a decade. Financial mismanagement—especially in tax and cash flow—remains a primary obstacle, making it difficult for these enterprises to secure the capital necessary for scaling.
In the Philippines, while micro, small, and medium enterprises (MSMEs) are often hailed as the “backbone of the economy”—representing 99 percent of all businesses—they still continue to face numerous challenges that stifle their growth. Due to the limited scale of microenterprises, even minor management errors can result in business failure.
Data from the Bureau of Labor Statistics’ Business Employment Dynamics shows that 20 percent of small businesses fail within their first year, 30 percent by their second year, 50 percent after five years, and 70 percent by their tenth year, primarily due to insufficient capital, poor management, inadequate business planning, and overspending on marketing, which leads to cash flow issues.
A personal anecdote DAS Neves shared a personal anecdote to illustrate these challenges. He recounted how his father, a Portuguese immigrant who ran a successful construction business in France, often experienced significant stress each April as he prepared to meet with his accountant to file taxes.
Despite working tirelessly for 15 months, his father frequently wondered aloud whether he
can leave many workers vulnerable to violations of their rights.
had achieved a successful year. This anxiety resonated with Das Neves, who noted that many entrepreneurs operate with limited financial understanding, often relying solely on cash flow as an indicator of success.
He pointed out that simply having cash in the bank does not guarantee improved performance, as hidden liabilities may go unnoticed. While Das Neves’s father managed to keep his business afloat, he never fully realized his potential due to a lack of proper financial management.
AI-driven accounting L AST month, the accounting firm integrated a new Artificial Intelligence (AI) system to automate various workflows. According to Das Neves, this service aims to assist businesses in generating timely and comprehensive value-added financial reports on a monthly or quarterly basis through their AI-driven accounting solutions.
He said these reports are essential for business owners to make informed decisions regarding their operations, such as evaluating current performance and comparing profit margins month over month. The AI system also identifies areas for investment in new product lines while highlighting underperforming products that may need to be discontinued.
“We combine the expertise of our accountants with tailored technology,” he said, noting that 20 percent of their annual revenue is allocated to research, development, and technological advancements.
Many researchers, he said, have predicted a 99-percent chance that bookkeeping will be automated within the next decade. Despite the technology being around for several years, significant progress toward full automation in accounting has not been achieve, he pointed out.
Continued on A11
DOLE told to hire more workplace inspectors NFA seeks funds for purchase of palay
tHE Federation of Free Workers (FFW) urged the Department of Labor and Employment (DOLE) to increase the number of inspectors to monitor more establishments as it welcomed the agency’s regular inspections.
FFW President Sonny Matula said the current inspection efforts by the Department of Labor and Employment (DOLE) may not adequately address labor violations or ensure worker safety.
“While the strategy of dividing the inspections among existing resources can help cover more ground, it may not be sufficient to ensure comprehensive monitoring and compliance,” Matula told the BusinessMirror
According to the Philippine Statistics Authority, there are currently 1.08 million establishments registered to employ millions of Filipinos.
And while the labor department has already inspected 163,000 workplaces out of its 2024 target of 170,000, this still means that a staggering number of establishments— over 900,000—remain unchecked.
For Matula, this considerable gap must be addressed as this
“We believe that increasing the number of labor inspectors is essential to achieving a broader reach and more effective enforcement of labor standards,” he said.
To put this into perspective, back in August, DOLE Undersecretary Benjo Benavidez reported that there are currently 1,210 labor inspectors in the Philippines. This means that the Philippines has one inspector for every 893 establishments.
In view of this, Matula said there is a need to add more inspectors and conduct more frequent evaluations across regions as this will benefit both employees and employers.
“Expanding the capacity for labor inspections will not only benefit the workers but also help businesses by ensuring that they comply with labor laws and OSH standards, ultimately fostering a healthier and more just work environment for all,” he added.
For 2025, P47.69 million or around 0.10 percent of the labor department’s budget will be allocated for its Bureau of Working Conditions which facilitates the labor inspections in the country.
By Ada Pelonia @adapelonia
tHE Department of Agriculture (DA) is seeking the release of P9 billion this year for the National Food Authority’s (NFA) palay procurement program.
“The NFA asked the Department of Budget and Management [DBM] to release the funds for palay procurement so we could support farmers and stabilize prices during the harvest this wet season,” Agriculture Secretary Francisco Tiu Laurel Jr. said in a statement.
NFA Administrator Larry Lacson said the release of the funds would increase the agency’s war chest to around P11 billion to achieve a procurement goal of between 6.4 million to 8.7 million 50-kilo bags of palay before yearend. According to the DA, the grains agency has been using the leftover budget of P8.7 billion from 2023 to buy palay from farmers earlier this year. In the first half, NFA spent P5.3 billion for 3.5 million bags of palay. Laurel, who chairs the NFA Council, assured farmers that the agency would purchase palay at P21 to P23 per kilo.
Editor: Jennifer A. Ng
Alternergy needs ₧15B for expansion of RE portfolio
By Lenie Lectura @llectura
Alternergy Holdings Corp. will need to raise P15 billion to add 191 megawatts (MW) to its renewable energy (re) portfolio by 2026.
From 86MW of total capacity of operating assets as of end-2023, Alternergy is looking at the addition of 225MW more from four projects that are up for completion in 2025. For 2026, there will be an additional capacity of 191MW that will come from two projects that are in pre-development stage and another project for completion. In all, this will bring the company’s total capacity to 502MW in the next two years.
“Funding for the 225 megawatts has been locked in already. The additional 191 megawatts, that’s something that we will continue to seek funding for in the next few months. We will need to raise both equity and debt.
And normally, once we implement a project, we typically do it in a project finance basis. So maybe around 75 percent will be from debt and 25 percent from equity. In terms of amount, the 191 megawatts would
probably require around P15 billion of capex [capital expenditure],” said Alternergy President Gerry Magbanua during a press briefing. For its fiscal year (FY) 2024 ending June 30, Alternergy said it achieved “significant milestones” in its growth trajectory.
“The development teams from our ‘Triple Play Portfolio’—solar, wind and hydro—did tremendous jobs of pushing the projects all the way to construction phase in just one year. Five projects are now under construction with a combined capacity of 242 MW to be added to boost the country’s energy supply by end 2025,” said Alternergy Chairman Vicente S. Pérez Jr.
“We are confident and committed to pushing forward the 500 MW by 2026 target as set.”
The projects under construction are 128-MW Tanay Wind Power Project, 64-MW Alabat wind power project, 28-MWp Solana solar power
“ALTER is one of the fastest growing renewable energy developers in the country. We had earlier set a goal of raising P20 billion in equity and debt capital within a 5-year period. Instead, we did it in only 15 months, which paved the way for the accelerated construction of our projects,” Magbanua said.
“But this does not mean we paused. We will be building more projects, and this would require further capital raising.”
From May to July this year, the company raised total of P15.3 billion in financing.
The Tanay wind power project secured P8 billion in project financing from the Bank of the Philippine Islands (BPI) and Security Bank. The Alabat wind power project secured P5.3 billion project finance facility from the Rizal Commercial Bank Corp. (RCBC). Another P2 billion in green corporate loan was provided by BDO Unibank, Inc. (BDO).
Its initial public offering in March 2023 raised a total of P1.62 billion while its preferred perpetual share offering in November 2023 raised another P1.45 billion.
The company reported a recordhigh income of P130 million for FY 2024. This was an increase of 239 percent from the P38 million
Sunlight Air revives Manila operations
By Lorenz S. Marasigan @lorenzmarasigan
BOUTIqUE carrier Sunlight Air
on Thursday said it is reviving its Manila operations with the reintroduction of its ManilaBusuanga (Coron) route.
Starting October 27, Sunlight Air will operate the daily flights between Ninoy Aquino International Airport (MNL) Terminal 2 in Manila and the Francisco B. Reyes Airport (USU) in Busuanga.
“The MNL-USU route has always been in demand among our passengers since it was Sunlight Air’s first route when it launched. We are excited to be able to offer more passen-
gers access to one of the Philippines’s top destinations,” Sunlight Air CEO Ryna Brito-Garcia said. To celebrate the return of this route, Sunlight Air is offering one-way tickets starting at just P688 for flights from Manila to Busuanga. The special sale is available now through the airline’s website, with travel dates valid from October 27 to March 29, 2025.
“Having recently celebrated Sunlight Air’s 5th anniversary, the return of our MNL-USU flights is aligned with our goal of bringing more passengers to underserved local destinations to see and experience more of what our unique islands have to offer,” Brito-Garcia added. The airline currently operates
recorded in FY 2023. The robust performance was driven mainly by the 60 percent surge in revenues to P275 million, particularly from its operating assets.
The operations of the Palau Solar PV + battery energy storage system (BESS) project, which started commercial operations in January 2024, contributed significantly. It posted P87.3 million in revenues in the first six months of its operations.
The company also said the 12.5MWp Kirahon solar power plant in Misamis Oriental continued its steady performance over the last nine years, recording a 10-percent increase from 2023 in energy generation due to higher irradiation during the summer months. The Kirahon solar power plant injected P188 million in revenues for 2024 from P173 million in 2023.
“It is a record high for Alternergy, that’s for sure. This is the first time that we’ve topped a triple digit level,” added Magbanua. “We continue to look at opportunities to raise money or raise capital in anticipation of also building more capacities on the ground.”
‘Transition credits to accelerate RE shift’
ACEN Corp. strongly urged the development and immediate implementation of transition credits for a swift transition from coal to clean energy.
The Ayala group’s listed energy platform joined this year’s Climate Week NYC, the biggest annual climate event of its kind, with leaders from the world of business, tech, politics, academia and civil society. The company’s participation reinforces its pioneering role in the coal-to-clean energy transition using transition credits.
During the panel, ACEN President Eric Francia highlighted the significant role transition credits can play in overcoming the challenges of energy transitions in emerging markets, including resource constraints, land and infrastructure issues and the need for costly renewable energy replacements.
He joined key figures in a panel discussion titled “Harnessing Transition Credits to Drive a Coal to Clean Transition in Emerging Markets” that explored how transition credits can catalyze the early retirement of coal plants, particularly in Southeast Asia, replacing them with renewable energy, while ensuring a just transition for affected communities.
“One of the challenges that we need to overcome is the ‘Global South mindset’ that we did not cause this
global problem of climate change. It is a challenge to overcome that mindset because that leads to inaction or a passive mindset. But we think different. We rise to the challenge, thanks to transition credits. We believe that this is a huge opportunity to show the world that it can be done. That’s why this pilot project is extremely important,” Francia said.
The panel discussion wrapped up with a strong call for action, urging global stakeholders to work collaboratively in developing and implementing transition credits as a catalyst for a cleaner and more sustainable future.
ACEN announced last month that it will partner with Singapore’s GenZero and Keppel to convert its coal plant into a clean energy facility. This will be possible via transition credits to fasttrack the decommissioning of the 246 MW South Luzon Thermal Energy Corp. (SLTEC) plant in Batangas. This will be replaced with a solar energy system and battery storage.
The company also joined over 100 international organizations in supporting the Global Renewables Alliance’s open letter to world leaders, urging them to set ambitious, specific and actionable targets to meet the world’s 1.5-degree Celsius target. The letter was published at the opening of Climate Week NYC.
flights from Clark and Cebu to Busuanga, which has already seen over 26,000 passengers since April 2024.
Adding to the travel experience, Sunlight Air offers passengers exclusive access to its lounge at the Francisco B. Reyes Airport in Busuanga, equipped with comfortable seating, snacks, and restrooms.
Furthermore, passengers can take advantage of the “Passenger Perks” program, which includes a 5-percent discount at select restaurants in Coron, such as Pacifico Bar & Restaurant, Follow Your Taste Coron, and The Brewhouse Coron, upon presenting their boarding passes.
Sunlight Air utilizes a fleet of ATR 72-500 aircraft.
FLI: Investors to gain from tender offer
By VG Cabuag @villygc
PROPERTY developer Filinvest
Land Inc. (FLI) said its board has approved a capped voluntary tender offer to purchase or reacquire up to 1.86 billion common shares, equivalent to approximately 7.69 percent ownership of the company’s outstanding and listed stock.
The company said it will purchase the shares at an exchange ratio of 0.32 Filinvest REIT Corp. (Filreit) share for every 1 FLI share tendered.
The transaction will provide FLI shareholders the opportunity for their shares to be bought back in exchange for those of Filreit. FLI stockholders stand to gain from the offer by benefiting from price appreciation and a stronger dividend yield from Filreit shares, the company said.
“Despite current share price challenges, we continue to believe in the intrinsic value of Filinvest Land, as we enter a more positive macroeconomic environment that
favors our business. The share buyback allows existing FLI shareholders to unlock value,” said Tristan Las Marias, FLI president and CEO.
“Not only does the offering value their shares higher than the current FLI market price, but they are also getting higher-yielding (Filreit) shares in return. With this share swap, we are also able to create room for a potential dividend-accretive asset infusion by FLI into Filreit. With this offering, we intend to safeguard our investors from market volatility to allow them to maximize value from our shares.”
Upon completion of the share swap, public ownership of Filreit will increase to 46.75 percent, placing it above the 33.33 percent minimum public ownership requirement for real estate investment trusts (REIT).
As of September 23, FLI shares traded at a 30-day volume weighted average price (VWAP) of P0.64 and a 10-day VWAP of P0.64 as well. Filreit traded at a 30-day VWAP of P3.08 and 10-day VWAP of P3.11. FLI shares will be exchanged at P1,
which is a 56 percent premium to both its 30-day and 10-day VWAP. The exchange ratio of 3.11 FLI shares to every 1 Filreit share is based on the 10-day VWAP.
FLI engaged FTI Consulting to issue a valuation and fairness opinion to determine the reasonable and fair range of prices for both FLI and Filreit shares and the exchange ratio between FLI and Filreit shares.
Filreit’s portfolio consists of 17 LEED Gold-certified office buildings that feature green and sustainability-themed elements.
With over 300,000 square meters of gross leasable area, 16 of the buildings are located in Northgate Cyberzone in Filinvest City, Alabang. Another building, Filinvest Cyberzone Cebu Tower 1, is situated at the gateway of Cebu IT Park in Lahug, Cebu City.
Rounding out the portfolio is 2.9 hectares of land leased to the owner and operator of Crimson Resort and Spa Boracay, bringing the REIT’s total gross leasable area to over 330,400 square meters.
Lenie Lectura
Demand for Sharia’ah compliant assets high
By Reine Juvierre Alberto @reine_alberto
WITH most Filipino Muslims managing their savings at home, there is a growing demand for Shari’ah-compliant insurance and investment options to secure their financial future, asserted the Pru Life lnsurance Corp. of UK (Pru Life UK), citing the results of its study.
In evaluating the financial behavior of Filipino Muslims, Pru Life UK found that many prefer to keep their savings at home and avoid conventional banks due to their prohibition of “riba” or a guaranteed interest on loaned money.
The “riba” is against Islamic principles as it is seen as exploitative and unjust by ensuring a profit for the lender despite the borrower’s ability to repay.
“Ethical values significantly influence the financial decisions of Muslim families, with a preference for real assets over financial intermediaries,” the report highlighted.
Real assets, such as real estate properties and Shari’ah-compliant commodities, are aligned with Islamic finance principles.
According to Pru Life UK, Filipino Muslims, with a population of approximately seven million and the majority residing in Mindanao, remain one of the most underserved groups in terms of financial services.
With healthcare topping the list of priorities for Filipino Muslim house-
Banking&Finance Savings, not spending, seen after MB’s policy rates cuts
holds, providing for family needs and education followed. However, fears and challenges hound them, such as concerns over healthcare emergencies, financial instability and disasters.
To help secure their financial future without compromising their beliefs, the study indicated 4 out of 10 respondents expressed interest in Shari’ah-compliant insurance and investment options.
“The findings in the study can help the government and the industry better understand the financial needs of the Muslim Filipino population and identify areas for collaboration to drive wider financial inclusion,” Pru Life UK Senior Vice President Paul Anthony P. Mandal said.
In May 2024, the Insurance Commission released the first regulation for a Takaful Window. Takaful is an Islamic insurance where members contribute a sum of money to a common pool compliant with Shari’ah rules and principles.
Last year, the Bangko Sentral ng Pilipinas also introduced a policy to provide flexibility in the grant of Islamic Banking Unit licenses to qualified conventional banks.
Further, the national government also issued its first Sukuk bonds using real assets under ijara (lease) and wakala (agency contract), with a “Commodity Murabaha” aspect. The Philippines was able to raise $1 billion by tapping Islamic-focused investors across the Middle East in November 2023.
Do your homework
IHAVE heard the phrase “do your homework” many times over from my teacher in school and from my boss at work. I also imposed it upon myself as a discipline in everything I do. By doing my homework, I can attain a level of competence and confidence in my knowledge and abilities as it is a step towards mastering a subject or task.
“Doing your homework” is an idiomatic expression that refers to the act of thoroughly researching, preparing, or gathering information before making a decision, taking action, or engaging in a specific task. It implies a diligence and conscientious approach to ensuring that one is well-informed and adequately prepared.
In the context of associations, this guiding principle is key to achieving excellence, fostering growth, and navigating the complexities of the environment, such as in these aspects:
1. Informed decision making. Extensive research and analysis ensures that decisions are well-informed and aligned with the association’s goals. Whether launching a new initiative or revising governance structures, a thorough understanding of the current landscape is essential for effective decision making.
2. Strategic planning and visionary leadership. Investment in time and effort is crucial in understanding industry trends, member needs, and emerging challenges. This diligence lays the foundation for crafting strategic plans that are not only ambitious but also grounded in a nuanced understanding of the association’s environment.
3. Member engagement and satisfaction. Continuous research to understand the evolving needs and expectations of members is paramount. Association leaders who proactively gather member feedback, study engagement trends, and tailor programs accordingly foster a sense of belonging and satisfaction among members.
4. Adaptability to industry shifts. A proactive strategy in anticipating changes, understanding market dynamics, and preparing the organization for potential challenges ensure that the association remains resilient and adaptive in
Association World
the face of industry shifts.
5. Event planning and execution. Meticulous research and study on venue options, attendee demographics, and past event data analysis contribute to the success of association events and enhance the overall experience of the participants.
6. Financial stewardship. Careful analysis of budgetary requirements, evaluation of investment opportunities, and prioritizing financial decisions based on a comprehensive understanding of the association’s fiscal situation are essential work that has to be done.
7. Risk management and crisis preparedness. Identifying potential risks, understanding their potential impact, and devising proactive strategies to mitigate them ensure that associations are better prepared to steer out of crises when they arise.
8. Continuous learning and professional development. Association leaders who stay abreast with industry trends, engage in professional development opportunities, and pursue relevant certifications, embody a dedication to personal growth and the enhancement of their skills.
By embracing the “do your homework” philosophy, associations can deal with challenges, seize opportunities, and cultivate an environment where informed decision making becomes synonymous with organizational excellence. This principle is not merely a task; it is a strategic imperative that propels associations toward a future characterized by resilience, innovation, and the fulfillment of their mission.
Octavio Peralta is founder and volunteer CEO of the Philippine Council of Associations and Association Executives, the “association of associations.” PCAAE and SustainablePH will hold a joint summit on sustainability at the PICC on November 27, 2024. The views he
DBy Cai U. Ordinario @caiordinario
ESPITE expectations that reductions in key policy rates will continue well into 2025, ANZ Research does not expect this to immediately translate into faster spending in the Philippines.
In its quarterly economic brief, ANZ Research said it sees monetary authorities will bring down key policy rates to 6 percent by December, 5.5 percent in March 2025, 5.25 percent in June 2025 and 5 percent between September 2025 to June 2026.
ANZ Research noted that while lower interest rates will be beneficial overall, Philippine households and businesses are expected to build up their savings first before making purchases.
“In the Philippines, households are likely to rebuild savings before stepping up spending. Businesses,
too, do not view the cost of capital as the most important constraint to capacity expansion. Rather, it has been the degree of competition,” ANZ Research said.
Overall, ANZ Research said lower interest rates could be beneficial especially for households who have been spending more for interest payments for loans.
Lower interest rates will give households and businesses some reprieve in high interest payments and more financial headroom for consumption spending.
“How much of a role monetary
DIMON IN MANILA This September 25, 2024, photo shows JPMorgan Chase & Co. Chairman and CEO Jamie Dimon (right) with US Ambassador MaryKay Carlson. While in Manila, Dimon led a roundtable event with business leaders and members of the US-Philippines Society and discussed global trade and investments, technology and cybersecurity. CREDIT: JPMoRgan ChasE & Co.
Pinoys OK with ‘liar loans’
ASURVEy by the Fair Isaac Corp. (Fico) showed a rising acceptance of “liar loans,” that the San Jose, California-headquartered data analytics firm said is alarming.
More than half of Filipinos think it is normal or acceptable in some cases to misrepresent their income on applications for a bank account (56 percent), automotive financing (55 percent), or mortgage (53 percent), the company said through a statement issued last Thursday. Similarly, many Filipinos are fine with exaggerating income on personal loan applications, further complicating financial integrity.
Close to half (46 percent) of Filipino consumers believe it’s never
acceptable to exaggerate income on a personal loan application, while a third (36 percent) find it acceptable under specific conditions. About one in seven views exaggerating income on personal loan, mortgage and auto loan applications as common and acceptable behaviour.
“With a noticeable percentage of Filipino consumers viewing income falsification as acceptable or justified, the problem of ‘liar loans’ calls for financial institutions to strengthen their risk assessment procedures,” Fico executive Aashish Sharma said. “Banks play an essential role in steering consumers away from inadvertently committing fraud through robust fraud detection strategies and consumer education.”
policy easing can play in supporting growth is a critical question in this context. Until now, only the Bangko Sentral ng Pilipinas and Bank Indonesia have lowered their policy rates by 25bp, with a likelihood of another cut of a similar magnitude by end-2024,” ANZ Research said.
“We expect the Bank of Korea to follow suit. We also see the Bank of Thailand cutting rates before the end of the year despite their caution on the strength of domestic demand,” it added.
Given these expectations, ANZ Research said the country’s GDP growth may only reach 5.9 percent this year and 5.7 percent next year before posting 6 percent in 2026. Part of this growth will be driven by lower inflation which is expected to average 3.4 percent in 2024; 3.2 percent in 2025; and 3.3 percent in 2026.
The Development Budget Coordination Committee (DBCC) aims to post a fullyear GDP growth of 6 to 7 percent in 2024.
The DBCC also projected a GDP growth of 6.5 to 7.5 percent in 2025
and 6.5 to 8 percent growth in 2026 to 2028. In terms of inflation, the DBCC said the growth of commodity prices is expected to be within 3 to 4 percent in 2024 and 2 to 4 percent in 2025 until 2028.
Earlier, analysts said lower overseas Filipino remittances and weak export demand could reduce the country’s chances of meeting its economic growth targets this year.
Capital Economics said the country’s GDP may only post a growth of 5.1 percent this year and 5.5 percent next year. It’s only in 2026 when the economy is expected to post faster growth of 6.5 percent. The market analyst said the lower interest rate environment and the slowdown in inflation may not be enough to boost the country’s growth.
Capital Economics expects inflation to average 3.3 percent in 2024; 3 percent in 2025; and 3.5 percent in 2026. (See: https://businessmirror.com.ph/2024/09/25/growthgoals-may-be-hurt-by-weak-remittance-exports/)
SSS expands members to 2.4M from Jan-July
IN the first half of the year, the Social Security System (SSS) has seen new members reaching 2.4 million as the state-run pension-fund manager aims to extend its reach and offer more Filipinos protection from risks.
In a statement on Thursday, SSS said the number of new members more than doubled from January to July 2024, up by 165 percent year-on-year from 923,000 new members.
“The implications of this record membership are profound because it means more Filipinos will have access to a comprehensive set of social security benefits from SSS,” SSS President and CEO Rolando L. Macasaet was quoted in the statement as saying. “The social security protection offered by SSS can help safeguard the financial well-being of Filipino families, particularly during times of uncertainty.”
Macasaet expressed confidence that the pension fund is on track to reach its target of adding 4 million to 5 million new members by the end of the year.
“[The] SSS will sustain this growth trajectory in the coming months as we aim for a historic peak in new member registrations,” Macasaet said.
The SSS usually averaged around one million new members annually, Macasaet said, adding that SSS officials and employees
are urged to target two million new SSS registrants this year.
SSS Executive Vice President for Branch Operations Sector Voltaire P. Agas said the highest number of new members came from 1.2 million prior registrants or those who already have SS numbers but have not yet been reported as covered employees or self-employed members. New self-employed members also increased by 273 percent year-on-year to 419,000 in 2024 from 112,000. The number of new overseas Filipino workers also grew by 106 percent to 10,300 in 2024 from over 5,000 in 2023.
Data showed that Luzon recorded the highest number of new members, with more than 882,000. The National Capital Region came in second with over 693,000 new enrollees, followed by Mindanao and Visayas with 436,000 and 417,000, respectively.
Meanwhile, over 10,000 new members came from international operations, according to the SSS.
“Halfway through the year, we already hit our year’s target. But [the] SSS won’t stop there. We remain steadfast in our mission to further broaden our membership base and cover all Filipinos in the workforce,” Macasaet said. Reine Juvierre Alberto
Rice importers pocketed over ₧5B from tariff cuts
By Ada Pelonia @adapelonia
THE Federation of Free Farmers (FFF) claims that importers pocketed over P5 billion in extra profits from the rice tariff cut.
The cut was applied after President Ferdinand R. Marcos Jr. issued Executive Order (EO) 62 last June. The issuance of EO 62 effectively reduced rice tariffs to 15 percent from 35 percent as Marcos hoped retail prices could be reduced between P5 and P7. The Chief Executive’s order took effect on July 7.
However, the FFF said retail prices of both regular and well-milled rice declined by only P0.40 per kilo, based on data from the Philippine Statistics Authority (PSA). This was signifi-
cantly below projections that prices would fall by as much as P7 per kilo due to lower duties, according to the organization.
The FFF calculated that rice importers decreased their tariff payments by P6.70 per kilo, assuming a landed cost of $600 per metric ton (MT) and an exchange rate of P56 per dollar.
The FFF added that total tariff savings from the more than 800,000 MT that arrived between July and mid-September amounted to over P5 billion.
“The fact that retail prices hardly moved means that importers, wholesalers and retailers pocketed most of the P5 billion in savings. They, and not the consumers, have been the real beneficiaries of the tariff
cuts,” FFF National Manager Raul Q. Montemayor was quoted in the statement as saying.
The group also debunked claims that importers were withholding stocks in ports of entry or warehouses while waiting for prices to rise.
“Rice prices may decline beginning late September, as farmers have begun harvesting their main crop. Importers will logically try to sell now, when prices are still high. But instead of forwarding their savings to consumers, they are maximizing their profit margins,” Montemayor said.
According to Laurel, Filipinos were consuming this month rice from palay, which local traders bought at a price of P29.30 per kilo in the first half of the year.
“’Yung P29.30 per kilo na palay na nabili nang January to June, ang equivalent na presyo niyan [sa retail] P56. Hindi pa na uubos yan,” Laurel told reporters on the sidelines of an agriculture forum in Makati City on Thursday. The Agriculture Secretary was expecting these stocks to decline by mid-October.
“Siguro makuha natin at least less P5 [ang retail prices] by January,” Laurel said.
Meanwhile, Agriculture Secretary Francisco Tiu Laurel Jr. maintained that rice prices would not immediately decline, noting that it was only at the end of August that excess stocks bought at higher tariffs were exhausted.
Octavio Peralta
WTH is Kurkuri Bhindi, and why it could make me #PROkra
NDIAN cuisine seems to be having a moment. A number of restaurants have been offering Indian sections in their lunch time or dinner buffets, like at Joy Nostalg Hotel’s Nostalgia Lounge & Bar, or Lanson Place Manila’s Cyan Modern Kitchen. And it’s not just vegetarian options; I’m talking about hearty meat dishes like Chicken Biryani, or Lamb Rogan Josh, etc.
Many Metro Manilans of a certain generation will remember Kashmir, which opened sometime in the 1970s, and for the longest time it was the Indian dining option for everyone. But I suppose it was not until Filipinos started traveling more and working overseas that our palates have become more adventurous to welcome (and become more choosy!) about local Indian restaurants that have been sprouting a few years before the pandemic.
I heard about Mantra opening up in an obscure street in Makati sometime in 2016, which was initially popular with the local Indian expat community, then grew to have a following even among Filipinos. I finally met the owner Ranjit Chimni, who had worked in a BPO in Manila for several years, at his latest branch at the Vertis North Mall. Prior to our meeting sometime in June, I had noticed that Mantra was usually full on the weekends with young families. This made me all the more realize how far Filipino palates, especially those from Quezon City, have come.
With a media buddy, we had the most delicious lunch care of Ranjit, as we discussed his beginnings in the restaurant business, Indian recipes, and the evolving consumer habits of Filipinos. “I’m not a chef,”
Ranjit qualifies first of all. Where does he pick up the recipes? “From the internet,” he said, explaining that Indian recipes are quite standardized, so whichever one chooses, whether it be from a cookbook or online, the taste of the dish will be the same. “These are dishes I know and grew up on,” he said. But he does have a team of Indian cooks that do the kitchen work itself.
Ranjit underscored that he had to do and give his best, especially since this is a totally different industry from where he had come. Thus he lives by the these three mantras: “Keep the ingredients fresh, keep the dishes authentic, and keep it fun!” Oh, is that a bar I see on the left side of the restaurant? (While he did offer us some alcoholic bevies to taste, I had the mango lassi instead...refreshing!)
And Ranjit fed us a lot. With each dish just poking, tickling, and sometimes overwhelming with deliciously spicy—and not hot at all!—savory-sweet flavors. In fact, I thought that certain Bicolano dishes are hotter and more peppery than the Northern Indian dishes we had at Mantra. Perhaps, Indian dishes just tasted less scorching (or more umami?) with some yogurt in the mix.
I loved the pappadum with tamarind sauce, which gave us a crispy and sweet start to our meal. Another appetizer was the Papri Chaat, which Ranjit cites as traditional Indian street food, which can be described as an Indian taco with yogurt, chickpea, tamarind sauce and mint sauce, and some red chili powder.
Now, I’ve basically lived my life as a #NOkra person (all that slime, oof!), but I must admit the Kurkuri Bhindi—strips of okra marinated in gram flour (chickpea flour) and Indian spices, then fried—turned my head (and tummy) to #PROkra possibilities. It would be the perfect compliment to an alcoholic bevie, and I made a mental note to return during the happy hour.
The non-vegetarian platter had a number of items grilled in their tandoor or clay oven. I was actually amazed they had one considering the size of Mantra, I didn’t think there was room in the kitchen to accommodate one.
I liked the Chicken Tikka best and its variant, the Murg Malai, which had cream and yogurt, as well as
the Tandoori Prawns. (There is a vegetarian platter available, too.)
The other exceptional dishes we had were the Chicken Tikka Masala (boneless thigh with tomatoonion sauce); Palak Paneer (Cottage Cheese in Spinach Gravy), which can be eaten with a Cheese or Garlic Naan, a traditional Indian flatbread; and the Mutton Biryani, which is goat meat (from older sheep, as opposed to lamb, which is year-old sheep) with Basmati rice.
To end our fabulous lunch, we had playful desserts such as the Kulfi, or ice cream with cardamom, carabao milk, sprinkled with pistachio nuts; and Gulab Jamun, which is milk solids reduced to a doughlike consistency, then deep fried and soaked in sugar syrup. Yum!
But as we discussed with Ranjit how he was getting the feel of his new branch, I noted that Quezon City was a little tricky; he had noticed a nearby Italian restaurant doing brisker business especially during lunch. Residents and workers in the city have a certain price point they will not cross, I said, no matter how delicious the food may be. Maybe they could, but the flavors have to be familiar, or comforting, and good for sharing.
So in my neck of the woods dominated by SM North Edsa, TriNoma and the adjacent Vertis North, the popular restaurants continue to be of the Filipino, Chinese, Korean, Japanese, and Italian persuasions. (Especially Korean! Geez. At P599, with a free meal for a birthday celebrant, it’s no wonder these restaurants attract long queues of diners for lunch or dinner, weekday or weekend, payday or otherwise.)
Ranjit has just introduced executive lunch specials, with a choice of vegetarian (P559), non-vegetarian (P659), and seafood (P759), designed to attract the weekday lunch crowd, which I suppose will consist of executives and staff of the offices and BPOs within the mall complex.
Personally, I’m betting this Indian moment lasts, and the cuisine becomes a favorite as much as Japanese or Korean fares.
■ Mantra is on the second floor of the Ayala Malls Vertis North. For inquiries or reservations, call 0927-6784041.
23-Aug. 22): A passionate approach to whatever you pursue will give you the necessary momentum to reach your destination. Go all in, and don’t look back. Be vocal about what you want, and don’t settle for less. Write your story and complete each chapter with a cheerful ending. ★★★
VIRGO (Aug. 23-Sept. 22): Care less about what others do or say and more about what matters to you. Wrap your head around what you want and focus on making your aspirations a reality. Anger wastes time; use your energy to take on meaningful responsibilities that offer exciting prospects and happiness. ★★★
LIBRA (Sept. 23-Oct. 22): Put your energy into something tangible and get things done. Time management and attention to what matters will help you achieve what you desire. Be true to yourself and your beliefs; the opportunity will come your way if you put in the time and effort. ★★★★
SCORPIO (Oct. 23-Nov. 21): Push yourself toward better health. Get physical, and change your lifestyle to ensure you achieve your goals. It’s up to you to implement positive change and follow through with your plans. Don’t blame others when you’re the one in control. Do what’s right and best for you. ★★
SAGITTARIUS (Nov. 22-Dec. 21): Listen, observe and make choices that satisfy your needs. Follow your passion, your heart and your dreams instead of being someone else’s workhorse. Look for opportunities and incorporate your experience and skills into your subsequent pursuit. Your intelligence and charm will help you come out on top. ★★★★★
CAPRICORN (Dec. 22-Jan. 19): Question everything. Consider your needs and be innovative in your approach, and you will discover what works best for you. A change may appear unattainable, but you will overcome any obstacle with ingenuity and force. Trust your instincts, and you’ll be able to use your skills impeccably. ★★★
AQUARIUS (Jan. 20-Feb.
Show BusinessMirror
Faith and hope in ‘Fair Haven’
THERE is a little film available online (you can search for it on YouTube actually) and it’s called Fair Haven. The setting is rural America and the location reminds you of nature and traditions. But do not allow the bucolic setting to deceive you. A young man, James, is coming home and he is being met by his father. Richard, the father, is morose and barely greets his son.
They talk and we overhear James assuring his father that he is alright. Healed. Cured.
The young man is coming home from a reparative place, a shelter home for young men and women undergoing what the institution considers a terrible but curable phase in their lives.
James is gay and he has been sent by his mother and father to that place run by an older man who, it seems, is tasked to maintain a way of looking at homosexuality as a disease that needs sessions expected eventually to heal the afflicted. Controversial, this approach has been challenged already by a significant portion of societies all over the world. But, in the world of so many James, this way of seeing remains predominant and accepted.
James is not the only one who suffers at home. His father is bearing the brunt of loneliness brought about by the passing of his wife, James’s mother. Suffice it to say that to James, isolation comes also the fact that his mother is not there anymore, his mother who loves how he plays the piano.
Our young man has also been accepted to the Berklee College of Music in Boston. His father, though, wants him to stay in that Vermont farm, which dates back to his father’s grandfather. There is one more reason—we guess—why James wants to leave the place. First, he is not into agriculture or apple farming; second, he wants to avoid Charlie who used to be more than his “friend.” And yet, the business of their farm always brings him to the store where Charlie works.
Heartwarming and honest, Fair Haven, for all the secrets that the main characters are supposed to hide, readily unashamedly wears its heart on its sleeve. Rage, loneliness, separation and love all simmer underneath the narrative of this simple talk and, any moment, any of these or all are expected to burst. Whether the exposure of love or hate will resolve the issue is at the core of this social tale in a small town. There are certain critical issues with the plot and the screenplay of Fair Haven. A constant flashback to the reparative sessions that James has undergone does not only slow down the story; such a technique appears to present a debate in an in-your-face manner. The result is simplistic: the position of the therapist who sounds more like a theologian is off-putting. We are almost urged to look at the filmmakers and their biased opinion against the same
sessions or procedure (commonly and infamously known as conversion therapy). To affirm the opposite perspective, that which we call either enlightened or liberal, does not require that we create caricatures. In fact, this tendency goes as far as the other characters. There is the pastor’s family that tries to bring James back to the fold by introducing him to their only daughter. Then, of course, there is the daughter almost naive and at the same time nearly fawning over James. There in the end the problem of the gaze: whose eyes tell the narrative? All throughout the film, one feels how this human drama will see its way to the ending. Will it explode? Shall the characters break apart as a form of comeuppance, thereby further demonizing the gender issue?
One sensation permeates through the story of James and Charlie—that they will eventually be caught. Which means there is point of view operating in the film, which tries to color it as a cautionary tale. We are, however, never prepared with the ending. And (spoilers alert!) this is the fact of Richard, James’
of his son’s ordeal. We realize how he sees himself in his son: he with his dreams to be someone else, and James with his goal to find his true love and true self.
Described as an American indie film, Fair Haven, according to the Los Angeles Times, is “stirring, well acted and tenderly wrought.” Indeed, Tom Wopat as the father retains a candor and hides the fatherly care for all the drunken scenes we see him in. The two leads—Michael Grant as James and Josh Green as Charlie—might as well be the young nephews next door. They are no more misunderstood as two persons trying to fit as good members of the human group that seemingly have ceased to evolve.
Fair Haven is directed by Kristen Karlhuber and written by Jack Bryant. The film was released by Breaking Glass Pictures and can now be seen on YouTube (tinyurl.com/6z8e9ut6). n
‘BEETLEJUICE BEETLEJUICE’ SCARES OFF ‘TRANSFORMERS’ FOR THIRD WEEK AS BOX OFFICE NO. 1
LOS ANGELES—It’s a three-peat for Beetlejuice Beetlejuice. The Tim Burton legacy sequel to his 1988 horror comedy topped the North American box office charts for the third straight weekend with $26 million in ticket sales, according to studio estimates on Sunday. It edged out the animated new release Transformers: One, which brought in $25 million. The Optimus Prime origin story from Paramount Pictures featuring the voices of Chris Hemsworth, Brian Tyree Henry and Scarlett Johansson earned $39 million globally. Beetlejuice Beetlejuice, a Warner Bros. release with Michael Keaton and Winona Ryder returning as stars, has earned more than $226 million domestically in its three weeks after a monster opening of $110 million— the third best of the year—and a second weekend
of $51.6 million. It has now earned $329.8 million globally.
Third place went to the James McAvoy horror Speak No Evil, which came in at $5.9 million in its second week for a total of $21.5 million. But for Beetlejuice, the box office was in a quiet phase that is expected to break when Joker: Folie à Deux dances its way onto the big screen on October 4.
“September has been a bit of a sleepy month and with around 47 percent of the revenue being generated by this single film,” said Paul Dergarabedian, the senior media analyst for Comscore. “Fortunately, October is on track to deliver interesting blockbusters.”
The year’s second-highest grosser Deadpool & Wolverine remained in the top 5 in its ninth weekend with another $3.9 million and a domestic total of $627 million. Only Pixar’s Inside Out 2 has earned more.
The Demi Moore-starring, Coralie Fargeatdirected body horror The Substance, which made a splash at the Cannes Film Festival, brought in $3.1 million on limited screens in its first weekend for the sixth spot. The Daily Wire movie Am I Racist?—in which conservative columnist Matt Walsh goes undercover as a “DEI trainee”—stayed in the top 10 after a fourth place finish last week, earning $2.9 million for seventh place and a two-week total of $9 million. AP
FLEEING HIS CREDITORS
THE actor who is in hiding allegedly because of his debts could have had a lifeline because the company he belongs to actually has a financing facility for their stars who find themselves in need of cash. However, this was not an option for him at the time because he had already borrowed some money from his company even before all this trouble started. Aside from his business partners, the actor also owes money to other creditors and it’s all because of this handsome man who he fell in love with. Sadly, at the first sign of trouble, this man left him. The man was able to convince the actor to go into business and for him to manage the said businesses. The first thing he did was to assign himself as head of everything and give himself a fat salary. Naturally, the businesses failed because of his incompetence and laziness.
IS THIS GOODBYE?
THE actress and her politician boyfriend are rumored to have called it quits because they no longer have new pictures or videos on social media. The couple has always been generous about sharing their lives on social media until recently. The pressure of being in two different fields and the long distance relationship has finally caught up with them. According to the grapevine, the politician is now dating someone who isn’t as beautiful as the actress. No one knows if they broke up because of this woman or she came in after they split. Meanwhile, the actress seems to be enjoying singlehood.
PROBLEMATIC HUSBAND
THE comedian is very popular because she is amiable, aside from being talented and charismatic. The same can’t be said about her husband who has appeared in public with the actress on paid engagements looking bored and disdainful toward her. During a recent big event, for which the actress’ family was paid to appear, the husband looked very bored onstage. This was a far contrast from the wife who was very animated. It was very obvious that she was being very bubbly to make up for her husband’s attitude. There was even a point where he almost let go of her while they were dancing just because he wasn’t paying attention to her. This was not the first time that something like this happened. It will be recalled that the husband forbade the actress from having a leading man in movies just because he was jealous. This is strange considering that the comedian is the family’s breadwinner.
NO LABELS, PLEASE
SO it has surfaced that the actress and the actor (who is now reportedly in a relationship with another actress) were indeed a couple for about two years. They were in a no-label relationship but the actress always wanted a commitment. After all, she left her boyfriend, another actor, for this guy. The actress finally asked the actor to clarify their relationship and he said they were close friends. But they traveled together and slept over at each other’s house. They attended each other’s family events. Thus, the break-up was not amicable and even the girl’s family is angry at the actor for dumping her just like that.
OVER P10 MILLION WORTH OF PRIZES IN GMA CHRISTMAS PROMO
THIS Yuletide season, GMA Network’s Kapuso Bigtime Panalo Season 2 is giving away over P10 million worth of cash prizes, including the chance to win as much as the Bigtime cash prize of P1 million.
Starting September 28, mamimili and sari-sari store owners nationwide can join the second season of Kapuso Bigtime Panalo. With bigger prizes this time around, the promo will give participants a chance to win the P1 million grand prize (P1 million each for mamimili and store owner), along with other cash prizes. The holiday season will definitely come early for 70 lucky winners of P70,000, 70 winners of P7,000, and 980 winners of P1,000.
To join Kapuso Bigtime Panalo Season 2, mamimili and store owners only need to follow these easy-to-join mechanics:
n Buy any of the seven participating products: Colgate Maximum Cavity Protection, Bear Brand Fortified Powdered Milk, Lady’s Choice, Surf, AJI-No-Moto Umami Seasoning, Palmolive Naturals Shampoo, and Nescafé Mixes.
n Participants must then submit their entries to “Kapuso Bigtime Panalo Season 2” through designated dropboxes in participating Mercury Drug Branches, select outlets of Puregold, and GMA TV and radio stations nationwide. With more participating products and designated dropboxes, mamimili and sari-sari
Panalo Season 2 also features energetic NCAA athletes from different sports, plus the content jingle sung by balladeer Garrett Bolden. Kapuso Bigtime Panalo Season 2 runs from September 28 to December 6, 2024.
father, as one who would understand the predicament
Coolaire Consolidated Inc. celebrates its 55th anniversary
COOLAIRE
Consolidated Inc., the leading provider of the country’s most widely used refrigeration systems, just recently celebrated its 55th anniversary with a press conference and campaign launch held at Quezon City.
Introducing their new campaign, “Preserving Your Dreams,” the event highlighted Coolaire’s journey in the refrigerated truck industry, their new tagline, and the company’s future innovations aimed at supporting Filipino businesses. In attendance were the Coolaire family together with guests from media.
A three-generation family-run engineering company primarily serving the food and pharmaceutical sectors in the Philippines, Coolaire Consolidated Inc. was founded in 1969 by engineer Filadelfo Tugade Jr. The company has since then grown under the leadership of his son Jerry Tugade, and grandsons Joel and Patrick.
Coolaire has expanded from providing air conditioning services for U.S. government facilities to becoming the Philippines’ top provider of refrigerated vans and cold storage solutions. Coolaire attributes their longevity in the industry by making innovations, customer service,
and after-sales central to their operations. Moving forward, Coolaire is ready to meet the growing demands of the food and logistics industry while focusing on sustainability and work values.
Life in the Philippines poses significant challenges to the agricultural and food industry. Our tropical climate requires consistent, dependable, and optimal controlled temperatures. Perishable goods like fruits, vegetables, meat, and seafood require proper equipment to maintain freshness and avoid spoilage. Refrigerated trucks help ensure these products reach markets or consumers in prime condition.
As many Filipinos count on these industries for livelihood and opportunities for a brighter future, Coolaire aims to do their part in helping Filipinos achieve their dreams. Coolaire is there to ensure that the hard work of farmers to food suppliers and distributors reaches every Filipino table safe, fresh, and delectable as their
producers intended.
An ISO-certified company, Coolaire Consolidated Inc. currently has four business center locations throughout the Philippines, providing services for refrigeration, cold storage, rooftop and cab aircons, and after-sales requirements of equipment. Business centers are located in Quezon City, General Trias in Cavite, Mandaue City in Cebu and in Mindanao, Cagayan de Oro and Davao.
On its 55th year, Coolaire Consolidated Inc. is a testament to the Filipino’s commitment to hard work, innovation, and love for the country. With the legacy that Coolaire has built, the company looks forward to more decades of serving the Filipino nation. For more information about Coolaire Consolidated Inc, its services, or the “Preserving Your Dreams” campaign, visit their website and social media accounts or contact (02) 8372 8879 to 82.
AGIA Inc. Demonstrates Exceptional Community Support Through Dual Charitable Initiatives
ASIA’S Golden Icons Awards and Events Inc. (AGIA Inc.) recently undertook two significant charitable initiatives, showcasing its unwavering commitment to corporate social responsibility and community support. These efforts include a donation drive for indigenous communities in Bansud, Oriental Mindoro, and a largescale medical supply contribution to Pagamutan ng Dasmariñas in Cavite.
Supporting Indigenous Community in Bansud, Oriental Mindoro ON September 14, 2024, AGIA Inc. proudly donated essential items to the indigenous people of Sitio Brgy. Pag-Asa in Bansud, Oriental Mindoro. The donations, consisting of 770 items including school supplies, personal care items, and rice, were specifically aimed at supporting indigenous children within the community.
Dr. Ronnel Ybanez, Founder and Chairman of AGIA Inc., led the initiative alongside Col. Eric Guevarra, Deputy Brigade Commander of 203rd Infantry.
Enhancing Healthcare at Pagamutan ng Dasmariñas IN a separate event on September 21, 2024, AGIA Inc. executed a largescale donation drive at Pagamutan ng Dasmariñas in Cavite, contributing over 4,827 pieces of medical equipment and supplies. This comprehensive donation included wheelchairs, oxygen tanks, nebulizers, and a wide array of essential medications, significantly boosting the hospital’s capacity to provide quality healthcare services.
Dr. Ybanez expressed his enthusiasm about both initiatives, stating, “AGIA Inc. embodies more than just the recognition of individuals; it is deeply committed to its mission of assisting those in need. These initiatives are a testament to our dedication to enhancing lives and delivering essential resources to those who need them most.”
The success of our CSR initiatives was made possible through the collaborative efforts and generous contributions of
CREBA asks Congress to restudy Balanced Housing
HOUSING industry leaders are apprehensive that the proposed legislation to amend the socialized housing provisions of the Urban Development and Housing Act (UDHA) is in serious conflict with the massive social housing program, 4PH, already set in place by the administration of President Ferdinand R. Marcos, Jr. The Lower House recently approved House Bill No. 10772 which, among others, changes the conditions for compliance with the balanced housing requirement, or social housing quota, imposed on private developers.
Under the 30-year-old UDHA, a developer proposing to produce a residential subdivision or condominium is required to develop a socialized housing project equivalent to 15 percent of the total project cost or area of the subdivision, or five percent in the case of a condominium.
In a statement, Noel “Toti” M. Cariño, president of the Chamber of Real Estate and Builders’ Associations (CREBA), said, “The entire housing industry commends the wisdom and resoluteness of President Marcos Jr. and the DHSUD in coming up with the ‘game-changing’ 4PH program which now, finally, embodies the fundamental precept that housing the poor is a government’s responsibility and not the private sector’s.”
“In its recent press briefings, the DHSUD has indicated that private developer participation in socialized housing is no longer necessary, and will be dispensed with altogether, as the government is already all set to assume the role of developer. The DHSUD expressed confidence that 4PH will be able to produce more than three million affordable housing units in the next three years. The President undoubtedly agrees.”
However, the CREBA observed that despite this and all evidence to the contrary, HB 10772 appears still grounded on the premise that coercing private developers would resolve the problem of housing the underprivileged.
“The quota under the UDHA is by itself already onerous, even as it has been proven ineffective; still, the bill prescribes new conditionalities that would be impossible for developers to meet, and severe sanctions for non-compliance,” the statement further read.
“For instance, under the UDHA, developers have a choice of where to locate the socialized housing component under quota or what we call ‘compliance project.’
Now, under HB 10772, the compliance project must be within the main project itself, or in the same locality as
the main project.”
“This is practically an impossibility when the main project is in Metro Manila or urbanized areas or peripheries, where cheap land is not available. How can private developers build socialized housing on high-value lands, and still comply with the required building specifications and mandated price ceilings?”
“The bill also provides that instead of actually producing social housing units, developers may instead pay 25 percent of the required compliance cost to the local government unit where the main project is situated.”
“This is meant to facilitate compliance with the quota. In fact, however, the whole amount represents a total loss for the developer, as it constitutes a donation or a straight handout to the LGU.”
“It would involve millions of pesos per compliance, considering that the main project cost could run into billions.
The concerned LGU would be receiving a double windfall.”
“We would like to believe that it is not our legislators’ intention to coerce developers into making the bitter choice of either paying up to the LGU, or, on pain of severe penalties, building where they cannot otherwise build, for intended beneficiaries who simply cannot afford.”
“Congress should also consider that the new conditionalities are inherently biased against the poorer localities. All the economic gains would be cornered by the already more developed LGUs where residential projects are mostly concentrated.”
“It would negate the long-standing government policy of balanced dispersal of socio-economic activity to promote progress in the underdeveloped regions of the country.”
“Perhaps Congress should rethink the entire bill, and instead focus on instituting well-conceived specific measures based on the 4PH implementation paradigm already approved by the President, to ensure the program’s continuity way beyond the current administration’s term,” Cariño concluded.
These issues are expected to be among the major discussion points at the upcoming national convention of CREBA slated from October 16 to 18, 2024 this year at Hilton Hotel in Clark Freeport Zone, Pampanga where lawmakers, key shelter agency heads, government officials and industry experts will converge in celebration of the country’s national shelter month.
Young Filipino scholar carves his path in Taiwan
AT a young age, computer science student Jhev Aron Voluntate has already made history in his school. He is the first Filipino in Taiwan’s Kao-Yuan Vocational High School of Technology and Commerce in Kaoshiung City.
Jhev is one of the handful of students under the scholarship program of the Taiwan government’s Overseas Community Affairs Council (OCAC) and Taipei Economic Cultural Office (TECO) Philippines. Now on his third year of senior high school, Jhev is graduating in 2025 and plans to continue his course to earn his four-year bachelor’s degree in the prestigious university as part of the 3+4 Study Program.
various individuals and organizations. Notable supporters include Dr. Malu Campos, Dr. Camille Campos Cagingin, Glenda Hufano (PLD Governor, KI), Abdul Razzaq Siddiq (President of 2World Traders Inc.), Agnes Kalaw (President of Hestia Properties), Valentin Le, LOVE UPC, and Chunnel and Channel Foundation.
AGIA Inc. would also like to express sincere appreciation to Edgard Cabangon, Chairman of the ALC Group of Companies, Jing Castaneda (Accomplished multiplatform host, anchor, and producer), The Manila Times and Wej Cudiamat. Their consistent support has been instrumental in helping AGIA Inc. to fulfill its mission of recognizing excellence and promoting social responsibility.
Both events were further elevated by the presence of distinguished members from the Executive Council, including Rep. Marissa Del Mar Magsino (OFW Party-List Representative), former Senator Gringo Honasan, Director General Tereso Panga (PEZA), Dr. Sergio Ortis-Luis, Jr. (President, ECOP), Consul Enunina Mangio (President, PCCI), George Chua Cham (Board Member, FFCCCII), Undersecretary Vidal D. Villanueva III (DDG-TESDA), and SVP Owen SP Sanchez (Asia’s Pinnacle Awards International Ambassador).
These initiatives embody AGIA Inc.’s vision of fostering hope and compassion within communities as it recognizes outstanding individuals who have made a remarkable impact. The organization remains committed to its mission of service and plans to continue its efforts in creating a positive influence across Asia.
AGIA Inc. is set to host a prestigious evening event celebrating a Night of Asia’s Triumph, the Asia’s Pinnacle Awards to be held at the illustrious Okada Manila on November 15, 2024.
Apart from his scholarship, Jhev was also among the first group of students bound for Taiwan whose airplane fare and baggage were sponsored by the Taiwan-Philippine Education Development Foundation (TPEDF) headed by Allan Lin, Chief Operating Officer. Seeing potential in Jhev, Lin also stands as his sponsor, mentor, and guardian while in Taiwan. While Jhev is now thriving in a foreign land, it was challenging at the start, as he arrived there at the height of the pandemic in 2022. He experienced quarantine for seven days and tested positive for Covid-19, but with his courage and determination, he recovered smoothly and adjusted well in his new surroundings.
Today, Jhev balances his schoolwork with part-time jobs. He is an intern at a factory as part of their training to apply technical knowledge and acquire new skills; this is a practical and fast way to learn and grow even before students formally join the workforce.
Having jobs makes Jhev realize the importance of hard work and that responsibility and patience will get
him through life. Jhev muses, “I am able to pay for my meals and my fees in school and dormitory. I am also capable of helping my family financially and at the same time, enjoy life. During my free time, go to the mall or bike around Taiwan to enjoy the scenery and bask in its culture. I like living in Taiwan because I am independent and have liberty.”
“Since I am in a foreign country away from my family and childhood friends, I have learned to become more open minded when it comes to other customs and traditions. In school, I am surrounded by students from other countries. All these things helped me become more mature with a wider perspective. I can see myself staying here in the long term.” Through his immersive education, Jhev has grown to be a well-balanced young adult, who in the future hopes to share the experience and joy of studying in Taiwan to deserving fellow Filipinos.
Lubrigold to continue providing perfect blend of quality, affordability
GRAN Toro Oro Trading Corporation’s flagship brand, Lubrigold, has made its mark in the industry with a steadfast commitment to providing the perfect blend of quality and affordability. For over a decade, Lubrigold has been synonymous with reliability, gaining a loyal customer base and becoming a trusted name in the world of automotive and industrial lubricants. Lubrigold’s journey began with the distribution of its first product, Greases, which quickly became a success. The brand expanded its product line to include a wide range of offerings such as Coolants, Passenger Car Lubricants, Transmission Fluids, Motorcycle Maintenance Lubes, and Hydraulic Oil. Each
product reflects the brand’s dedication to meeting the evolving needs of its customers and the industry at large.
With a focus on increasing its market presence, Lubrigold continues to innovate and adapt to industry trends, ensuring its competitiveness in a rapidly changing environment.
The brand’s philosophy goes beyond simply selling and marketing products; it is deeply rooted in developing long-term relationships with its customers, which would result in a community of loyal Lubrigold users. Aside from maintaining customer relationships, Lubrigold takes pride in providing exceptional service and assisting prospective customers in finding the appropriate Lubrigold product for their specific needs.
As the industry continues to evolve, Lubrigold is poised to maintain its position as a leader in the lubricant market for years to come. Aside from Lubrigold, Gran Toro Oro Trading is also the official distributor of Whiz, Autogreen, Safeway, Blaupunkt, Silock, and Aeropak.
AGIA Inc. supporting indigenous community in Bansud, Oriental Mindoro.
AGIA Inc. enhancing healthcare at Pagamutan ng Dasmariñas.
JHEV Aron Voluntate, a Filipino scholar studying in Taiwan.
Motoring BusinessMirror
WHEN the BYD Sealion 6 DM-I debuted in the Philippines, the model stood out for its EV performance and extended range of over 1,000 kilometers. Considered the lone plugin hybrid in the brand’s local roster, BYD coded it as a range-extended EV system, better known as Super DM-i Technology.
Motivation comes from a permanent synchronous magnet motor with an E-CVT, generating 194 hp and 325 N-m of torque. The total range is up to 105 kilometers in Full EV mode thanks to the 18.3 kWh Lithium Iron Phosphate Ultra-Safe BYD Blade Battery. On the other hand, the range extender motor/generator is a 1.5-liter gasoline engine generating 105 hp and 135 N-m of torque. In HEV or Extended-Range mode, BYD claims the total driving distance increases to over 1,000 kilometers, enabling the vehicle to sprint from 0 to 100 km/h in 8.3 seconds.
To prove these claims, ACMobility, the official distributor of BYD cars in the Philippines, recently organized a three-day media drive. Members of the motoring media drove the BYD Sealion 6 DM-I from Seda Hotel
EVERY car company has to have a dealership/ service center in either the metropolis or outside the Big City. Not just one, not just two, not just three but several—if not numerous. The more the better if only to bolster the company’s image. Every added dealership/service center enhances, strengthens, the presence of the brand. It is a major consideration in gauging the entity’s success.
Again, in this aspect of the game, Toyota takes the lead. Already the proud collector of more than 70 dealerships all across
Manila Bay to the historic city of Vigan, Ilocos Sur, and then to the iconic San Agustin Church of Paoay, Ilocos Norte.
Enroute to Vigan
MORE than ten fresh from the warehouse units were commissioned. Initially, as a front passenger, the entire convoy took the Skyway entry in Aseana. Switched to EV and Eco drive modes, with about 80% battery charge, the group easily surpassed the traffic build-up until Stage Three. Everything was as smooth as riding an EV with zero engine noise and vibration to NLEX’s initial pit stop at a gas station. The next part is the stretch of freeways up to the next stop in La Union. Behind the wheel, everything yells premium, convenience, techy, and whatnot.
The sporty and bucket-like seats are not only well padded but also multiadjusted electronically and with air vents. Together with the tilt/ telescopic steering, they provided the perfect driving position and vantage point. Also, all the needed information, particularly the available drive range, was clear via the 12.3 LCD instrument cluster.
Of course, the BYD unique 15.6 rotating touchscreen infotainment can access all other controls, including vehicle information. BYD did a great job utilizing a single User Interface for all its models, resulting in seamless operation and transition from one model to another. The miniature gear shifter is clustered with controls and switches, operated even with a slight tap. Noteworthy is the EV/ HEV switch-on-the-fly. The twolevelled center console is another plus factor, providing enough space for smartphones aside from the top wireless charging pad. Cupholders are also abundant.
Fifty kilometers later, the battery charge level was down to less than 40%, prompting the switching to HEV and Eco modes. On the freeway, the dynamics were exactly as an EV does— instantaneous torque registration when summoned and smooth when held back. While the absence of a tachometer negated the engine’s actual operation, the close-to-zero sound suggested it was in the lowend rpm range.
Picking up to high-speed limits
was effortless every slowdown; hence, power delivery was the least to worry about. The damping leans toward comfy yet planted at high speeds. As for the DiPilot Advanced Driver Assistance System (ADAS) features, the Lane Keep Assist and Lane Departure Assistance are actively and timely impelled. The unique vibration signature emanating from the steering was more than enough to draw attention. Reaching La Union, the fuel meter barely moved, indicating still over 800 kilometers available range on display.
The next stretch was more demanding, necessitating constant overtaking. It was here when the electric motor’s instantaneous torque registration took over. Whenever it was clear, step on it, and off the Sealion went effortlessly. The engine revving, acting as both generator and assist, was evident yet muffled. Strong regenerative braking almost allowed one pedal operation the entire time, particularly on curves. Steering feedback was also good while working with active ADAS features. After more than 400 kilometers, the convoy finally reached Vigan City, feeling relaxed, consumed only less fuel with over 600 kilometers of range to go.
Side
trip to Paoay Church
THE next morning’s photoshoot brought out BYD’s new Ocean X Face design, giving the Sealion 6 DM-i a streamlined appearance.
Its wide front grille and Glistening Combination Headlamps are paired with Double U-shaped Suspension Headlights. The premium aesthetic continues to the rear and sides with the addition of 19-inch alloy wheels and a distinctive Ocean Starlightinspired rear end with full-width tail lights and sequential turn signals.
Meanwhile, the side trip to Paoay Church as a rear passenger was equally exciting. The rear seats were comfy, and the panoramic sunroof added to the experience. However, the detailed audio quality from the Infinity setup set the mood. With available rear air-con vents, the entire cabin was arctic cold the whole time. Other features, like rear USB chargers and touch-operated reading lights, were noteworthy, including the power tailgate.
Momentarily, the iconic San Agustin Church of Paoay came, which became a perfect backdrop for the photoshoot.
Again, as the designated driver, the trip back to Vigan City necessitated constant overtaking and curves. Nevertheless, everything was easy for the Sealion 6, leaving the driver worrying about when to brake and turn. Overall, the side trip was over 120 kilometers.
Going to Manila
THE less than 200-kilometer trip back to Rosario, La Union, as a fourth rear passenger was
yet another level of experience. The entire convoy purposely took a different diversion road with tighter curves and a series of ascents. Here, despite the full passenger capacity plus cargo, it did not pose any difficulty for the vehicle, delivery-wise. Damping was stiffer considering the added load but aided in stability. The cabin temperature was still cool, and the muffled engine sound revving higher than before.
After the La Union stopover, it was time for freeway driving. Again, everything was smooth and tranquil. Enabling the Intelligent Cruise Control with Stop & Go functionality was much better. It felt like not driving for hours already. The fuel level still has over 300 kilometers range to go while still in HEV and Eco modes. Things became seamless after a quick driver change in the Bulacan area until the group reached the Skyway entry.
Back in Skyway, the HEV system bumped the charge level to more than 50%; hence, switching to EV mode became possible. The last over 50-kilometer drive back to Aseana had zero emissions and zero engine noise and vibration. The last stop at Seda Hotel Manila Bay registered a total drive distance of 1,066 kilometers, with still a quarter of the fuel level left. That was impressive for a car with a P1.5 million price tag. Indeed, BYD’s Super DM-i platform on the Sealion 6 is a game changer.
the archipelago (73 to be exact—18 in Metro Manila and 55 provincial as per Toyota Top Gun Danny Cruz), Toyota Motor Philippines (TMP) has opened two more service centers in the Visayas and Mindanao for a total of eight nationwide in its unending bid to serve its evergrowing clientele. It has almost become a habit for Toyota to keep doing things, innovative-laden mostly, if only to also help spur economic growth. Even at the height of the pandemic in 2020-2021, the killer disease did not stop TMP from adhering to its mantra of manufacturing/ producing/unleashing new models no matter the costs.
Love before marriage THUS, while most of the competition had practically held their punches, electing to sit back and watch the world go
by as COVID-19 was wreaking havoc, Toyota was undeterred. It launched new models in maddening succession as though times were as normal as love happening first before marriage.
TMP’s service centers in the Visayas is found in Danao City in Cebu; in Mindanao, it is in Koronadal City (Marbel), South Cotabato.
The leading lights in the Danao Service Center ceremonies were Toyota Mandaue general manager Kimberly Cuenco, Toyota Cebu City president Jesus Cuenco and his executive vice president Jose Manuel Cuenco and Danao Mayor Thomas Mark Durano. They were joined in the inauguration by TMP first vice president for Value Chain and Customer Experience Bernardino Arevalo and TMP executive vice president for Marketing and Vehicle Logistics
Jose Manuel “Jing” Atienza. Present at the Koronadal Service Center ceremonies were Toyota Davao City (TDC) and Toyota General Santos (TGS) President Denise Lim, TDC and TGS Chairman Jose Lim III and Koronadal City Mayor Eliordo Ogena. They were joined by TMP President Masando Hashimoto, TMP vice president for Service Network Management Jeff Matsuo and TMP vice president for Network Sales and Systems Elijah Marcial.
Quality service IN his inauguration speech, Hashimoto said: “Indeed, Toyota’s presence is a commitment to support the economic growth and development of the city of Koronadal. To provide the best quality services to our South Cotabato customers, this service center is designed to service a
maximum of 35 customers per day.
Also, this facility will have new car displays, to showcase our various models and cater to sales inquiries.”
The Toyota Koronadal Service Center is located at Purok Malipayon, Barangay Sto. Niño, Bo.2, Koronadal, South Cotabato, Mindanao. It is open from 8AM to 5PM from Monday to Saturday. Koronadal, also known as Marbel, is the capital city of South Cotabato.
In the Danao Service Center inauguration, Hashimoto said: “The local government’s vision to be a model of sustainable development is supported by many programs such as urbanization, digitalization, investment promotion, tourism and active mobility. We are delighted to be the Government’s partner to build a more progressive Danao City. TMP is proud to be the first automotive company to invest in
Story & photo by Randy S. Peregrino
BRETT FAVRE was diagnosed with Parkinson’s disease in January after he began having trouble using his right arm and was unable to hold a screwdriver steady, the Pro Football Hall of Fame quarterback said in an interview with TMZ Sports.
Favre disclosed he has the disease Tuesday as part of his testimony to a congressional committee about a welfare misspending scandal in Mississippi.
Parkinson’s disease and NFL great Favre Sports
Favre revealed the diagnosis to TMZ Sports in late August but requested it not be reported, the outlet noted in the story it posted Tuesday. He gave permission for his diagnosis to be reported after the congressional hearing.
Favre said he suspected something was wrong when his right arm would get “stuck.” He said he didn’t notice a decrease in strength but was unable to hold a screwdriver with one hand. He said he notified his physician about the problem when he struggled to put on a jacket.
“I felt my arm, the strength was there, but I could not guide it,” he told TMZ Sports. “And it was the most frustrating thing.”
Favre said five Parkinson’s specialists told him they believed head trauma played a role in his developing the disease.
“Well, hell, I wrote the book on head trauma,” said Favre, who once estimated he had “thousands” of concussions. Favre said one of his doctors told him people typically show more effects of the disease by the time they are diagnosed.
New York Jets quarterback Aaron Rodgers, who was Favre’s teammate for three seasons in Green Bay, said Wednesday it is “unfortunately” part of the game.
“You know, the older you get, and some of you know this, like the mortality gets kind of thrown in our
THE Philippines returns to the Le Tour de Langkawi after more than two decades of absence with six of the country’s grizzled road cyclists seeing action in the eight-stage Hors category event that starts Sunday on Langkawi Island in Malaysia.
Ronald Oranza, Marcelo Felipe, Jan Paul Morales, Junrey Navarra, Joshua Pascual and Jude Gabriel Francisco make up the Philippine National Road Team coached by Ronald Gorantes, Virgilio Espiritu and Mark John Lexer Galedo with Ric Rodriguez as team manager and Roderick Calla as mechanic. Philippine Olympic Committee president Abraham “Bambol” Tolentino, also head of the PhilCycling, stressed on the significance of the Tour de Langkawi as one of the most prestigious and difficult multi-stage International Cycling Union (UCI) races in Asia.
The national road team which flew is fully supported by the Philippine Sports Commission chaired by Richard Bachmann and commissioner-incharge for cycling Walter Torres with the support of UCI continental teams Standard Insurance, 7-Eleven Road
Bike Philippines and Victoria Sports Pro Cycling Team to which all six riders are members.
The Philippines debuted in the Tour de Langkawi in its third edition in 1998 with the team of Victor Espiritu, Arnel Quirimit, Carlo Jazul, Enrique Domingo, Warren Davadilla and Gerardo Amar emerging as the best-placed among five Asian teams and 10th overall in the 21-team race.
But it was in 2003 when the Philippines raced as a national team last with Victor Espiritu, Quirimit and Domingo again donning the country’s colors alongside Lloyd Reynante and Merculio Ramos.
The Pagcor Casino Trade Team raced in Langkawi from 2004 to 2006 and in recent years, the country was represented by the 7-Eleven Roadbike Philippines continental team in the “by invitation only” event.
Three UCI Word Teams, seven Pro Teams and Nine Continental Teams and only three national teams— Philippines, Malaysia and Thailand— make up this year’s race that ends on October 6 in Bintulu.
By Manuel T. Cayon
DAVAO CITY—Moro athletes and coaches received cash incentives from the Bangsamoro government for winning medals in the Palarong Pambansa in Cebu City last July.
The Bangsamoro Sports Commission (BSC) awarded cash incentives totaling P865,000 recently to the medalists and their coaches. The incentives ranged from P50,000 for gold, P25,000 for silver and P15,000 for bronze medalists and P25,000 and P15,000 to their coaches.
The awarding ceremony was held at the Shariff Kabunsuan Cultural Complex in Cotabato City with BARMM officials recognizing the athletes and coaches for their “dedication, teamwork and success, which brought pride to the Bangsamoro region.”
“They are honored for their roles in contributing to these extraordinary accomplishments, illustrating that every great athlete has a mentor who boosts them to succeed,” BSC chairman Arsalan Diamaoden said. “This remarkable achievement
face a little bit more,” Rodgers said. “It’s actually unfortunately more normal to hear about a death or a cancer diagnosis or a diagnosis like this. And it doesn’t desensitize it for me. I mean, I feel bad for him and [his wife] Deanna, but it’s unfortunately part of our game. That’s part of the risk of playing.”
Favre, who does not face criminal charges in the welfare case, has repaid just over $1 million in speaking fees funded by a welfare program in the state. He also said he had been an investor in a biotech company with ties to the case. The biotech firm has said it was developing concussion treatments.
Favre was known for his durability during his Hall of Fame career. He had a National Football League-record streak of 297 consecutive starts, a figure that goes up to 321 if playoff games are included.
He won three straight MVP awards with the Green Bay Packers from 199597. Favre led the 1996 Packers to their first Super Bowl title in nearly three decades and brought them back to the Super Bowl the following year.
Favre was with Green Bay from 19922007 and also played for the Atlanta Falcons (1991), New York Jets (2008) and Minnesota Vikings (2009-10). AP
BusinessMirror
B8 Friday, SeptemBer 27, 2024 mirror_sports@yahoo.com.ph Editor: Jun Lomibao
recognizes the accomplishments of our players and coaches and emphasizes the significance of cooperation, perseverance, and strong support networks in reaching greatness Diamaoden added.
Ministry of Basic, Higher and Technical Education (MBHTE) Director Yusoph Thong Amino encouraged the continued training of athletes and assured support from both MBHTE and BSC.
“You are very fortunate to receive these cash incentives” Amino said. “You have the support of MBHTE and BSC, so, we encourage every athlete to continue training.”
THERE are no clear favorites among the 16 competitors in the 10 to 12 years old category for boys and girls in the International Container Terminal Services Inc. (ICTSI) Junior Philippine Golf Tour (PGT) National Match Play Finals on October 2 at The Country Club (TCC) in Laguna.
The Phase 1 event will determine rankings for the head-to-head matchups that follow in Phase 2—18hole knockout rounds.
Vito Sarines, who won four legs in the Luzon series, is a strong contender but faces stiff competition from Mindanao finalists Ralph Batican and Jared Saban, Visayas top qualifiers Race Manhit and Kurt Flores and Luzon standouts Ryuji Suzuki, Inigo Gallardo and Javie Bautista.
Batican and Saban are among the five returning winners from last year’s JPGT inaugurals (stroke play) at the TCC, adding an extra layer of intrigue to the head-to-head battles in this novel championship, designed to test young golfers’ abilities, mental toughness and competitive resolve.
In the girls’ division, Aerin Chan seeks to continue her dominant threeleg winning streak that earned her a share of the Luzon series’ top spot with Maurysse Abalos and standouts Quincy Pilac and Casedy Cuenca. Attention will also be on Mindanao qualifiers Rafella Batican and Brittany Tamayo, as well as Visayas contender Kelsey Bernardino and multi-series finalist Chelsea Ogborne.
Intense competitions are also expected in the 8-9, 13-15, and 1618 age groups, ensuring that the finals will be a memorable showcase of young talent on the rise. Under the tournament format, stroke play ties will be broken by comparing scores over the last nine holes (10 to 18), then over the last six holes (13 to 18) and finally, the last three holes (16 and 18) and if needed, countback from the 18th hole will determine the rankings.
AERIN CHAN and Vito Sarines are two of the players to watch at The Country Club.
Attempted murder for Amores
CBy Josef Ramos
OLLEGE hothead John Anthony Walker Amores’s career in the Philippine Basketball Association (PBA) appeared to have been going smoothly since he was drafted September last year by NorthPort—until Wednesday afternoon in Lumban.
From his unruly ways in college playing for Jose Rizal University where was banned for figuring in fights he himself instigated, the 6-foot-2 guard, now 25, is facing attempted murder charges for shooting—he missed— with a still undetermined firearm an opposing player that he had an altercation with in a pickup game which police said carried a P4,000 bet.
Amores and his 20-year-old brother John Red, who drove the motorcycle they used in going after the victim—32-yearold Lee Lumangaya Cacalda of Barangay Maytalang 1 in Lumban—are now detained at the Lumban Police Station after surrendering at 2 a.m. Thursday.
Amores is a resident of Barangay Sampaloc in Pagsanjan, some 25 kms from where the shooting incident occurred.
Amores’s pro career now hangs in the balance with the PBA deferring any action while his case remains to be formally filed and heard.
“This is a matter subject to investigation by the police, and we cannot comment on it further,” PBA Commissioner Willie Marcial said in statement Thursday. “But we are really saddened by such unfortunate incident.”
No PBA player in an active status was embroiled in a similar predicament in recent memory.
NorthPort team manager Alfredo Jarencio also was close to being mum but said the Batang Pier management would release its own statement.
Amores was NorthPort’s 51st pick overall in last year’s rookie draft and in the recent Governors’ Cup where the Batang Pier were eliminated, he played in all of his team’s 10 games and averaged 5.1 points and 1.6 rebounds. The Lumban police progress report labeled Amores’s case as attempted murder based on the shooting incident that occurred at around 6:10 p.m. along the National Highway in Barangay Maytalang 1 in Lumban.
It wasn’t clear as of early evening
Thursday if Cacalda, a seaman by profession, already pressed charges but the police said in its report that a criminal complaint is being prepared for filing at the Laguna Provincial Prosecution Office in Sta. Cruz. The firearm, however, has yet to
Amores
of them have very good chances,” Samson said. “We did well in the past so we expect them to again do well this time.” Former Asian Games champion
and
BRETT FAVRE discloses he has Parkinson’s disease before a congressional committee. AP
THE national road cycling team—(from left) coaches Virgilio Espiritu and Reinhard Gorantes and athletes Junrey Navarra, Jude Gabriel Francisco, Joshua Pascual, Ronald Oranza, Jan Paul Morales and Marcelo Felipe and coach Mark John Lexer Galedo—strike a pose while in transit at the Kuala Lumpur International Airport on their flight to Langkawi on Thursday.
