BusinessMirror April 12, 2024

S the demand for semiconductors turned a corner, the country’s export earnings posted a 16-month high in February 2024, according to the latest data released by the Philippine Statistics Authority (PSA).

percent, the fastest growth it recorded since the 20.6 percent posted in October 2022. V

Philippine Statistics Authority (PSA).

On Thursday, in the results of the February 2024 Labor Force Survey (LFS), there were 1.8 million Filipinos considered jobless in February 2024. National Statistician Claire Dennis S. Mapa said this was the second lowest in the series which started in 2005. (See: https://businessmirror.com.

High inflation spurs ADB to cut PHL growth outlook

ph/2024/04/11/unemployed-filipinosless-than-2m-in-feb-24-psa/)

However, Socioeconomic Planning and National Economic and Development Authority (Neda) Secretary Arsenio M. Balisacan pointed out that 1.07 million women and young Filipinos still opted out of the labor force in February 2024.

“The needs of vulnerable groups, including women, youth, older people, and those with disabilities, remain our priority to encourage workforce participation,” Balisacan said.

HIGH inflation that could result from extreme weather events and pricey logistics costs prompted the Asian Development Bank (ADB) to reduce its growth expectations for the Philippines this year.

In its latest Asian Development Outlook (ADO), the Manila-based multilateral development bank said the country's GDP growth is now projected to average 6 percent from the September and December 2023 forecast of 6.2 percent.

However, inflation estimates averaged 3.8 percent this year, better than the 4-percent outlook

in September and December 2023. For 2025, the ADB estimates that growth will average 6.2 percent and inflation will average 3.4 percent. “It’s [downward revision in growth estimate] basically [due to] an upside risk to inflation, mainly how the extreme weather events affect the agricultural production, the food prices that can affect the inflation in the Philippines, as food has a strong weighting of nearly 40 percent in the consumer price index (CPI) in

NFA Council okays higher palay buying price range

By Andrea E. San Juan @andreasanjuan

HE National Food Author-

Tity Council on Thursday approved a higher buying price range for palay to give the government corporation the “flexibility” to compete with private traders in securing supply and help rice farmers earn more from their harvest.

In a statement on Thursday, the Department of Agriculture (DA) said the NFA Council, led by Agriculture Secretary Francisco P. Tiu Laurel Jr., raised the NFA buying price to a range of P23 to P30 per kilo of clean and dry palay, and P17 to P23 a kilo for wet and fresh palay

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the Philippines,” ADB Philippine Country Office Principal Country Specialist Cristina Lozano explained in a briefing on Thursday. Lozano said the recent increase in shipping cost as a result of disruptions in the Red Sea, will also have an impact on inflation, particularly on food prices.

to reflect higher prices in the market amid worries over rice supply due to drought caused by El Niño.

The NFA’s policymaking body last raised the buying price to a range of P19 to P23 per kilo of dry palay and P16 to P19 per kilo of wet palay in September last year.

“At our current buying price, we cannot compete with private traders. And we only have three weeks before the harvest season ends,” said Tiu Laurel.

“We need to ensure that our farmers make money to encourage them to continue planting and even expand the area planted to rice,” he added.

Based on the Rice Tariffication Law, NFA said it needs to maintain

In the All Income Household CPI, the Philippine Statistics Authority (PSA) data showed food items have a weight of 34.78 percent. This is much higher for the bottom 30 percent of households at 51.38 percent. “The second reason (shipping costs) is mainly external headwinds coming from a slower growth in advanced economies that are (linked to) commercial relations with the Philippines, the US, and Japan, that weigh on the regional outlook in general, but also in the Philippines in particular,” Lozano said.

a national rice buffer stock equivalent to at least nine days consumption, which now stands at 330,000 metric tons, to cover requirements in case of disasters and other calamities.

The Rice Tariffication Law does not allow NFA to import rice or trade in agricultural commodities, and requires it to source its buffer stock from local rice farmers, DA noted.

“Traders are buying dry palay from farmers within a range of P27 and P30 per kilo,” DA said.

Meanwhile, it noted that the retail price per kilo of rice ranges from P47 to P57, depending on the area and quality of the national food staple.

The Agriculture chief said the

However, the ADB said recent efforts made by the national government to contain inflation have worked in the country’s favor.

This included the appropriate response of the Bangko Sentral ng Pilipinas (BSP) to maintain inflation and adopting a hawkish stance on monetary policy. Lozano also said the reduction of rice tariffs, extended to the end of the year, will also reduce the cost of rice imports and contain inflation.

It may be noted that under the CPI, rice has a weight of 8.87 percent for the All Income

NFA procured a certain amount of palay to boost buffer stocks and is looking to buy more before the end of the harvest season ends in May.

DA said Tiu Laurel also noted rice stocks remain “sufficient,” especially with initial reports of “good rice yield” despite El Niño.

Meanwhile, DA noted that the NFA Council also approved guidelines for the disposition of aging buffer stocks, giving priority to government agencies such as the Department of Social Welfare and Development and the Bureau of Jail Management and Penology, and those left to be sold to the private sector through an auction using price based on data from the Philippine Statistics Authority (PSA).

Households and as much as 17.87 percent for the poorest households.

Asian Development Bank (ADB) Philippines Country Director Pavit Ramachandran told reporters in a briefing on Thursday that one crucial aspect of the economy that is helping boost growth is infrastructure.

Ramachandran said the national government has sustained infrastructure spending at 5 to 6 percent from the previous administration to the current administration.

Ramachandran said large infrastructure spending will help sustain the country's growth of 5 to 6 percent, consistent with the national government’s targets.

He noted that the 185 flagship projects, a quarter of which will be undertaken via Public Private Partnerships (PPPs) will not only help keep the deficit in check, but also increase investments in the country.

“These will be crucial for driving, boosting productivity, competitiveness, connectivity in the Philippines. The labor market continues to be quite favorable,” Ramachandran said.

“Other favorable indicators include the expansion in manufacturing activities, and this is borne out of the Purchasing Managers Index,” he added.

In a statement, ADB said developing economies in Asia and the Pacific are forecast to expand by 4.9 percent on average this year as the region continues its resilient growth amid robust domestic demand, improving semiconductor exports, and recovering tourism.

Inflation is expected to moderate in 2024 and 2025, after being pushed up by higher food prices in many economies over the past two years.

Inflation in developing Asia and the Pacific is expected to decline to 3.2 percent this year and 3 percent next year, as global price pressures ease and as monetary policy remains tight in many economies.

“We see strong, stable growth for the majority of economies in developing Asia this year and next,” said ADB Chief Economist Albert Park. "Consumer confidence is improving, and investment is resilient overall. External demand also appears to be turning a corner, particularly with regard to semiconductors.”

Policy makers should remain vigilant, however, as there are a number of risks. These include supply chain disruptions, uncertainty about US monetary policy, the effects of extreme weather and further property market weakness in the PRC.

Rice prices have contributed to higher food inflation, especially for import-reliant economies. Prices for rice are likely to stay elevated this year, according to ADO April 2024.

Reasons include crop losses due to adverse weather and India’s restrictions on rice exports. Increased global shipping costs, due to attacks against ships in the Red Sea and drought in the Panama Canal, may also add to inflation in Asia, according to the report.

To tackle surging rice prices and protect food security, governments can give targeted subsidies to vulnerable populations and enhance market transparency and monitoring to prevent price manipulation and hoarding.

In the medium to longer term, policy should focus on establishing strategic rice reserves to stabilize prices, promoting sustainable farming and crop diversification, and investing in agricultural technology and infrastructure to raise productivity. Regional cooperation can also help manage rice prices and their impact, the report says. Cai U. Ordinario

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The last time the country’s exports posted double-digit growth was 15 months ago, in November 2022 when earnings from the shipment of local products grew 14.1 percent.

“So think we'll have to look at and continue to track what happens with the advanced economies and the export markets, the key export destinations that Philippines exports to,” Asian Development Bank (ADB) Philippines Country Director Pavit Ramachandran told reporters in a briefing on Thursday. “So that I think will be, you know, will have an impact in terms of the export numbers. As you say, that’s already probably been reflected to a certain extent in the revised figures,” he also said.

On Thursday, the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (Seipi) said it is already seeing some “modest” growth based on global market demand. (https://businessmirror.com.ph/2024/04/11/seipibanks-on-global-market-demand-tosee-modest-growth/).

The country's top exports are electronic products which, in February 2024, posted growth of 26.8 percent. This was driven mainly by the growth in Components/Devices or commonly known as Semiconductors which rose 31.9 percent.

Earnings from the country's electronic product shipments amounted to $3.42 billion in February 2024. Of this amount, semiconductors accounted for $2.64 billion during the period.

“The commodity group with the highest annual increment in the value of exports in February 2024 was electronic products with $723.86 million,” PSA said in a statement.

PSA said the year-to-date annual total value of exports, that is from January to February 2024, amounted to $11.84 billion.

This represents an annual increase of 12.3 percent from the year-to-date annual total export value of $10.55 billion in January to February 2023.

Meanwhile, the country's import receipts grew 6.3 percent to $9.55 billion in February 2024 from $8.98 billion in February 2023.

Electronic products, which accounted for $1.92 billion of the import bill, contracted 10.2 percent in February 2024. The bulk of these imports are semiconductors.

Receipts for semiconductor imports contracted 17.8 percent to $1.3 billion in February 2024 from $1.58 billion February 2023. This accounted for the bulk of the country's electronic product imports during the month.

The year-to-date annual total import value, that is from January to February 2024, amounted to $19.88 billion.

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“We will improve access to quality childcare, finance, and entrepreneurship opportunities to support women’s entry and retention in the labor market,” he added.

In a briefing on Thursday, Mapa said 1.02 million Filipinos who dropped out of the labor force said they are opting out because of household or family duties while 399,000 said they left the labor force due to schooling.

In terms of age group, Mapa said 660,000 dropped out in the 15 to 24 year old bracket while 360,000 among the 2534 year olds left the labor force in February 2024.

In light of the latest data, Balisacan also said the government will revisit the existing policy governing alternative work modes, such as the Telecommuting Act, and adapt it to the evolving work landscape to address the growing preference for remote work.

“The government will explore enhancing the potential of part-time work to help promote lifelong learning. A framework for part-time work and similar set-ups can allow workers to retool or upskill without leaving the workforce,” he said.

Moreover, to facilitate the development of soft and hard skills among workers and create a more agile and adaptive workforce, the government continues to advocate for the passage of the Apprenticeship Bill, Lifelong Learning Bill, and Enterprise Productivity Act.

Meanwhile, with the recent issuance of the Implementing Rules and Regulations of theTrabaho Para sa Bayan(TPB)Act,

This represents an annual decrease of 0.5 percent from the year-to-date annual total import value of $19.98 billion in January to February 2023.

“On the export of goods and services, we expect a rebound in the second half of the 2024, particularly in the second half, as we see that the global cyclical downturn in electronics is coming to an end,” ADB Philippine Country Office Principal Country Specialist Cristina Lozano said.

“And as we know, the Philippines is a country that is very well established in terms of being an exporter of electronic components. So we’re positive in that regard and also the services sector with the tourism, improving the BPO services, et cetera,” she added.

Markets, sources

BY major trading partner, exports to the United States of America comprised the highest export value amounting to $947.83 million or a share of 16 percent to the country’s total exports in February 2024.

Completing the top five major export trading partners for this month were Japan with $849.17 million or 14.4 percent of total export earnings; and Hong Kong, $774.03 million or 13.1 percent.

This was followed by earnings from shipments to the People’s Republic of China which reached $695.25 million or 11.8 percent of the total and Thailand, $282.01 million, 4.8 percent.

For imports, China was the country’s largest supplier of imported goods valued at $2.18 billion or 22.8 percent of the country’s total imports in February 2024.

Other top sources of imports were Japan with $845.23 million or 8.8 percent of the country's total import bill and the Republic of Korea, $719.9 million or 7.5 percent of the total.

This was followed by Indonesia with import receipts amounting to $664.57 million or 7 percent of total; and Thailand with $660.86 million or 6.9 of the total import bill.

The PSA data showed that in February 2024, the country’s total external trade in goods amounted to $15.46 billion, indicating an annual increase of 9.7 percent from the $14.09 billion total external trade in the same period of the previous year.

In January 2024 and February 2023, total external trade in goods registered annual decreases of 1.1 percent and 14.3 percent, respectively.

“Of the total external trade in February 2024, 61.8 percent were imported goods, while the remaining were exported goods,” PSA said.

The balance of trade in goods (BoT-G) is the difference between the value of exports and imports. The BoT-G in February 2024 widened to $3.65 billion, indicating a trade deficit of 6 percent.

In January 2024 and February 2023, the trade deficit recorded annual decrements of 21 percent and 1.4 percent, respectively.

the government will start formulating the TPB plan, or the country's master plan for employment generation and recovery.

Improvements

THE Neda, meanwhile, said the country’s labor market remained strong as unemployment and underemployment rates continued to decline, year on year.

The country’s unemployment rate decreased to 3.5 percent in February from the 4.8 percent recorded in the same month last year, which indicates 679,000 fewer unemployed individuals.

Moreover, the LFS showed an improvement in the quality of employment, with a decline in the underemployment rate to 12.4 percent in February 2024 from 12.9 percent in the same month of 2023. Also, there is an increase in the proportion of wage and salaried employment, middleskilled occupations, and full-time work.

“The government remains resolute in creating an enabling policy and regulatory environment to attract employment-generating investments. We will also continue to implement measures to address bottlenecks and expedite processes to realize investment pledges, particularly in priority sectors holding much promise, such as renewable energy and critical minerals,” Balisacan said.

He added that the Inter-Agency Investment Promotion Coordination Committee is currently coordinating the formulation of the medium- and long-term Foreign Investment Promotion and Marketing Plan.

“We also recognize that the fast-tracked implementation of the government's infrastructure flagship projects, housing program, and recovery of the tourism sector contributed to positive employment outcomes,” he added. Cai U. Ordinario

Jobs market shows strengthening signs amid low quality of wages

By Jovee Marie N. Dela Cruz @joveemarie

WHILE the results of the February Labor Force Survey indicate encouraging signs of a strengthening job market, the chairman of the House Committee on Ways and Means said last Thursday emphasized the importance of wage quality, citing rice prices as a key component.

Albay Rep. Joey Sarte Salceda issued the statement after Philippine unemployment rate decreased to 3.5 percent in February, down from 4.5 percent in the first month of the year.

Salceda said sectors such as craft and related trades saw an increase of 511,000 jobs, while plant and machine operators experienced a surge of 481,000 jobs.

Conversely, he said declines were noted in less resilient sectors like skilled agricultural workers, with a reduction of 378,000 jobs, and elementary occupations, which saw a decrease of 782,000 jobs.

“This also aligns with last year’s Business Outlook Index, which showed generally high business confidence in the mining, construction, and energy sectors, compared with agriculture and retail trade,” Salceda said.

He attributed this job consolidation to the improved business sentiment under the Marcos administration.

“This job consolidation owes much to improved business sentiment under the Marcos administration,” Salceda added.

Of particular significance is the growth observed in manufacturing jobs, which Salceda views as a positive indicator for the Philippines amid global challenges such as the slowdown of Chinese growth, sustained high interest rates by the US Fed, elevated food costs, and disruptions in the global supply chain due to regional conflicts.

Despite the overall positive trends, Salceda emphasized the importance of

wage quality, citing rice prices as a key determinant.

“With job quality improving, the key priority remains to be wage quality—how far current wages can go. That will be primarily driven by the price of rice,” he said.

With rice expenses accounting for approximately 20.4 percent of low-income workers’ expenditures and driving 57 percent of price increases in March 2024, he underscores the impact of rice inflation on disposable income.

According to Salceda, rice accounts for as much as 20.4 percent of the expenses of low-income workers. The grain, he said, also drove 57 percent of price increases in March 2024.

“Without the global rice price shock, Filipino workers would be enjoying better jobs that offer enough discretionary income for other expenses, such as entertainment, household durables, and other basic comforts,” the lawmaker explained.

Salceda underscored the necessity for the Marcos administration to explore solutions that diversify rice sources, address the country’s reliance on rice imports, and mitigate the effects of factors such as El Niño.

He asserted that cheaper rice would not only alleviate inflationary pressures but also enable the generation of more and better job opportunities across non-essential sectors, ultimately enhancing the overall economic landscape.

“As it stands, the country’s ability to generate more jobs in non-essential sectors is curtailed by rice inflation, depleting disposable income,” Salceda said.

“The Marcos administration is exploring solutions that will diversify our rice sources, address our precarious position as the world’s largest importer of rice, and endure the effects of El Niño. Cheaper rice means more and better jobs,” he added.

PHL eyes $1-00M investment from meeting with US, Japan

By Samuel P. Medenilla @sam_medenilla

PHILIPPINE Ambassador to the United States (US) Jose Manual

dG. Romualdez said the government is eyeing to secure $100 million worth of investments from the historic Philippines-Japan-US trilateral meeting.

Romualdez said this was based on the investment packages prepared by economic managers, which will be presented in the meeting.

“The figures that I have been hearing at, this may sound a little bit ex-

panded in a way, but we’re talking about a hundred billion in investments in the next five to 10 years,” Romualdez said.

The investments will cover digital infrastructure, physical infrastructure, as well as energy.

US President Joe Biden hosted a trilateral meeting attended by President Ferdinand R. Marcos Jr. and Japanese Prime Minister Fumio Kishida in Washington, DC, last Thursday to talk about economic and defense cooperation.

In his speech before his departure for the US last Wednesday, Marcos said he wanted to raise to advance

cooperation on critical infrastructure, semiconductors, digitalization and cybersecurity, critical minerals, renewable energy, as well as defense and maritime cooperation during the meeting.

Marcos will also be pushing for a bilateral free trade agreement (FTA) with the US on cyberspace and digital technology.

“Well, on specific areas. Specific areas—probably in the cyberspace, for instance, or in digital technology and of course, there are many other areas that I think we can work with the United States on having this,” Ro-

Bong Go helps rehabilitate Cajidiocan, Romblon, road

SENATOR Christopher “Bong” Go personally inspected the ongoing rehabilitation of Manuel A. Roxas Street in Cajidiocan, Romblon on Tuesday, April 9, emphasizing his commitment to enhancing local infrastructure for improved living conditions and transportation especially in remote areas.

Go, vice chairperson of the Senate Committee on Finance, reiterated his support for such initiatives highlighting the significance of the project to the residents of Cajidiocan.

“Ang rehabilitasyon ng kalsadang ito ay hindi lang basta proyektong imprastraktura. Simbolo ito ng daan patungo sa ginhawa at kaginhawaan ng mga mamamayan ng Cajidiocan,” remarked Go, stressing the transformative impact of such developments on the community’s daily life.

Go said that the upgraded road will facilitate smoother and more efficient transportation for residents, making it easier to access essential services,

workplaces, and schools. By enhancing connectivity within and around the island, the project is expected to stimulate local businesses and encourage economic activity.

“Pagkakataon po ang bawat proyektong ito para sa ating mga kababayan na umunlad ang kanilang mga negosyo at kabuhayan, at lumago ang ekonomiya ng buong bayan,” remarked Go.

This is part of collaborative efforts advocated by Go towards bolstering public services in the grassroots such as island communities. His visit, which coincides with the Araw ng Kagitingan, saw the presence of various local officials, highlighting their unified commitment to bring improve services in the island.

Go shared that local infrastructure projects in the town which is located on Sibuyan Island is paramount due to its geographical remoteness and the unique challenges this isolation presents. Sibuyan, often called the “Galápagos of Asia” for its rich biodiversity,

lacks immediate access to urban centers.

Aside from the project, Go has also championed a variety of projects across Romblon aimed at regional development and economic growth. These projects include the improvement and rehabilitation of the municipal park and plaza in Banton, construction of multipurpose buildings in Ferrol, Romblon, Santa Maria, and the enhancement of road networks in other municipalities.

Meanwhile, Go thanked local officials, including Congressman Budoy Madrona, Governor Otik Riano, Vice Governor Arming Gutierrez, and Mayor Atty. Greggy Ramos, Vice Mayor Ken Rabino, among others, for their service to their constituents.

As these projects progress, Go said that the residents of Romblon can hopefully look forward to a future marked by improved infrastructure.

“Bilang inyong Mr. Malasakit, anumang pagsubok ang ating haharapin sa susunod na mga araw, patuloy akong

mualdez said. The President is also scheduled with US business leaders to invite them to invest in the Philippines.

Romualdez said Marcos is looking forward to meeting with energy firms, such as Ultra Safe Nuclear Corp. (USNC), which is expected to provide the country access to small nuclear power plants.

During his stay in the US last November, Marcos witnessed the signing of a partnership agreement with Manila Electric Co. (Meralco) and the USNC for a pre-feasibility study on micro-modular reactors.

magseserbisyo sa inyong lahat dahil bisyo ko na ang magserbisyo at naniniwala ako na ang serbisyo sa tao ay serbisyo sa Diyos,” Go said.

On the same day, Go also attended the turnover of a Super Health Center in Magdiwang town. Through the collective efforts of Go, the Department of Health led by Secretary Teodoro Herbosa, local government units, and fellow lawmakers, sufficient funds have been allocated for the construction of around 700 Super Health Centers nationwide strategically located in various localities, including five in Romblon.

Super Health Centers are designed to focus on primary care, medical consultation, and early disease detection, further strengthening the healthcare sector in the country, especially in grassroots communities. Meanwhile, the senator’s visit to Cajidiocan also included providing support to displaced workers. Additionally, Go was invited to the Provincial Athletic Meet as Chair of the Senate Committee on Sports.

Marcos: Rampant use of blinkers, sirens causes traffic disruptions

By Samuel P. Medenilla @sam_medenilla & Butch Fernandez @butchfBM

GOVERNMENT officials and personnel will no longer be allowed to use sirens, blinkers and protocol license plates indiscriminately as this could cause traffic disruptions, President Ferdinand R. Marcos Jr. said Thursday.

Marcos issued Administrative Order (AO) 18, Series of 2024, which ordered the Department of Transportation (DOTr) to intensify the enforcement of the Presidential Decree (PD) 96, Series of 1973, issued by his father, former President Ferdinand E. Marcos Sr.

DOTr was instructed to review, evaluate, and update existing policies of guidelines to ensure the effective implementation of AO 18.

“It has been observed that the unauthorized and indiscriminate use of sirens, blinkers and other similar signaling or flashing devices has been rampant, causing traffic disruptions and unsafe road and traffic environment,” he said in AO 18.

PD 96 prohibits the use or attachment of any siren, bell, horn, whistle or similar gadgets that produce exceptionally loud or startling sound, including dome lights, blinkers and other similar signaling or flashing devices to any motor vehicles.

Only vehicles designated for official use by the Armed Forces of the Philippines (AFP), Philippine National Police

(PNP), National Bureau of Investigation (NBI), and fire trucks and hospital ambulances are exempted from the prohibition.

Former President Benigno S. Aquino III also made a similar iteration of PD 96 when he banned the use of sirens, colloquially known as “wang-wang.”

Protocol plates

MARCOS also issued Executive Order (EO) 56, which regulated the issuance of low-numbered (protocol) license plates to government officials.

EO 56 updated the list of officials, who are entitled to protocol plates and their assigned numbers under EO 400 (series of 2005

The updated list includes the President (1); Vice President (2); Senate President (3); Speaker of the House of Representatives (4); Chief Justice of the Supreme Court (5); Cabinet Secretary (6); Senator (7); Members of the House of Representatives (8); Associate

Justice of the Supreme Court (9); Presiding Justice of the Court of Appeals, Court of Tax Appeals, Sandiganbayan, and Solicitor General (10); Chairperson of the Constitutional Commission and Ombudsman (11) and Chief of Staff of the Armed Forces of the Philippines and Chief of the Philippine National Police (14).

Regional Trial Court Judges were removed from the list.

“All previously issued protocol license plates issued pursuant to EO No. 400 as amended, except those issued to incumbent authorized officials under Section 1, hereof, are deemed expired,” Marcos said in EO 56. He directed the Land Transportation Office to revoke and confiscate the expired protocol plates for the DOTr to develop and maintain a registry of protocol license plates issued to all authorized government officials and motor vehicles.

Marcos issued AO 18 and EO 56

Historic meet shows commitment to rules-based order–Romualdez

By Jovee Marie N. Dela Cruz @joveemarie

SPEAKER Ferdinand Martin G. Romualdez said Thursday the historic trilateral meeting among President Ferdinand R. Marcos Jr., United States President Joe Biden, and Japanese Prime Minister Fumio Kishida is a strong message for international solidarity in upholding a rules-based order, particularly in the West Philippine Sea.

The meeting held in Washington on Thursday (US time) is anticipated to not only deepen the alliance between the three nations but also highlight their shared respect for international law and order.

During the trilateral summit, the discussions of the three leaders are expected to focus on enhancing cooperation in various areas of mutual concern, including defense, maritime security, trade, investment, and climate change, among others.

The collaborative efforts among the three nations aim to address shared challenges and

seize opportunities for sustainable growth and prosperity in the Indo-Pacific region.

“This historic gathering serves not only as a powerful symbol of unity but as a clarion call for stronger international solidarity to reaffirm every nation’s unwavering commitment to upholding international law and the rules-based order, which are fundamental pillars for ensuring lasting peace, stability, and prosperity,” Romualdez said.

He expressed the hope that the growing support from the international community for adherence to a rules-based order and freedom of navigation would contribute to easing tensions, particularly in the West Philippine Sea, which significantly impacts the livelihood of Filipino fishermen in the area.

Romualdez said easing tension in the WPS would be of particular importance to many ordinary Filipino fishermen in the area whose livelihood was adversely affected by the security situation, particularly within

the Philippines’s Exclusive Economic Zone.

He noted the critical role of the West Philippine Sea as a global commerce hub, with approximately $5 trillion worth of trade passing through annually, underscoring the importance of freedom of navigation for trade, communication, and regional security.

As such, Romualdez said it is important to ensure the freedom of navigation in the international waters of the region.

With the vital significance of the West Philippine Sea in global trade, Romualdez expressed confidence that more countries would join efforts to ensure peace and stability in the region, as evidenced by the increasing participation in the 2024 Balikatan exercises.

The joint military exercise between the Philippines and the US this year will involve around 11,000 US troops and 5,000 personnel from the Armed Forces of the Philippines. Additionally, troops from France and Australia are expected to participate, with 14 other ally countries serving as observers.

PHL Navy keen on bolstering maritime cooperation with allies

TMaritime Self Defense Force [JMSDF] Chief-of-Staff Admiral Ryo Sakai to further reinforce naval ties and reassure continued collaboration toward capability and capacity enhancement,” he added. Alcos said these naval commanders also reaffirmed their commitment and mutual support aside from looking at the possibility of enhancing the conduct of Maritime Cooperation Activities (MCA), training, and personnel competence development.

on March 25, 2024 through Executive Secretary Lucas P. Bersamin after getting reports of the rampant unauthorized and indiscriminate use of sirens and blinkers.

‘Reject wang-wang mentality’

MEANWHILE, senators quickly hailed the President’s issuance of the order mandating the ban.

“Let’s reject the wang-wang mentality,” said Senate Majority Leader Joel Villanueva, hours after Marcos issued AO 18. “We definitely agree and we laud the President for issuing Administrative Order No. 18.”

“As public officials, it is our responsibility to set an example to our constituents especially when it comes to dealing with traffic. Huwag na po tayong dumagdag sa kalbaryo ng ating mga kababayang araw-araw na tinitiis ang trapik sa iba’t ibang lugar sa bansa,” he added.

The chair of the Senate Public Services Committee, Sen. Grace Poe, also welcomed the issuance of AO 18. “We hail the President’s order on the unauthorized use of sirens and blinkers. Government officials must lead the way in shunning abuse and the display of self-entitlement on the road.”

Poe reminded: “Pantay-pantay tayo dapat kahit sa kalsada. Ang byahe ng government officials ay kasing importante rin ng byahe ng ordinaryong mamamayan.

“This simple rule on the wang-wang ban should be enforced fairly and universally on the road,” she added.

“I am certain that this trilateral meeting will lead to a more robust and collaborative approach to addressing regional challenges. It sends a clear message that the Philippines, the United States, and Japan stand united in promoting stability and upholding the principles of a free and open Indo-Pacific,” Romualdez said.

Meanwhile, he said the first-ever trilateral summit between the US, Japan, and the Philippines is “a tacit recognition” of the Marcos administration’s foreign policy stance of being “a friend to all and an enemy to none.”

“This historic summit is an unequivocal recognition of President Marcos’ leadership, bringing the Philippines to the forefront of regional cooperation and diplomacy,” said Romualdez.

He also expressed confidence that the trilateral summit will pave the way for deeper engagement and collaboration among the US, Japan, and the Philippines and will pay huge economic dividends in terms of job creation as well as lucrative business opportunities for the Filipino people.

“Admiral Franchetti accordingly commended the significant advances in interoperability achieved through MCA’s and training. She also reiterated her commitment to advancing Navy-to-Navy relations and enhancing bilateral initiatives with purpose and urgency,”he added. These meetings, according to Adaci, are instrumental in strengthening the foundation of the strategic partnership among the three Navies and anchored on their shared commitment to upholding regional peace and stability.

‘Biden will honor US-PHL defense pact’

WASHINGTON vowed to honor its defense treaty commitments to the Philippines under the administration of United States President Joe Biden.

“For as long as President Biden is the president of the United States, the Philippines can count on him and his team’s full support from proving our bilateral relationship and for meeting our commitment, our treaty commitments to the Philippines,” White House National Security Communications Advisor John Kirby said in a press conference with delegates of the Philippine media.

Kirby made the pronouncement when asked if the US government can guarantee that its current support to the Philippines will continue even after the upcoming November US presidential polls.

Biden, who is seeking another term in office, is running against former US President Donald Trump.

‘Great concern’

THE Biden administration has reiterated it will back the Philippines amid the growing aggression of China in the South China Sea (SCS).

Last month, the US was among the countries which condemned a Chinese Coast Guard ship for firing its water cannon on a Philippine supply vessel, which injured the Filipino crew.

Kirby said the US government has expressed “great concern” about the developments in SCS and has called on China to abide by the 2016 Hague-based decision.

The Hague ruling invalidated the 9-dash and 10-dash line maps of China and upheld the Philippines’s sovereign rights and jurisdiction in the SCS.

“We again urge the PRC [People’s Republic of China] to abide by the 2016 ruling, and to recognize as we do that the second time a show of force within the Philippine economic exclusion area and we will continue to make that point when the President spoke

to President Xi, he very clearly made our concerns known about Chinese activities in the South China Sea,” Kirby said.

Earlier this month, Biden and Chinese President Xi Jinping had a two-hour “candid and constructive” phone conversation on global and regional issues, including Russia’s defense industrial base and China’s alleged unfair trade policies.

Kirby said the phone call will have no effect on Biden’s trilateral meeting with President Ferdinand R. Marcos Jr. and Japanese Prime Minister Fumio Kishida in Washington D.C. this week.

During the trilateral meeting, the three leaders will the strengthening of their economic and defense cooperation.

Freedom of navigation

THE US government, Kirby said, will continue to act to ensure that the freedom of navigation and international law will be followed in the SCS.

He said this was demonstrated by the joint maritime patrol drills of the Armed Forces of the Philippines (AFP) with the US Indo-Pacific Command, Australian Defence Force and Japan Self-Defense Forces, in the West Philippine Sea (WPS), the part of SCS within the Philippine Exclusive Economic Zone, last Sunday.

China responded to the said activity by holding its own maritime drill in the SCS.

Kirby said there is no reason for Beijing to “overreact” on the joint maritime patrol since it merely demonstrates ships and planes from other countries can operate in the SCS under international laws.

He pointed out the US will conduct more maritime patrols in the WPS.

“And, I think you can look forward to additional opportunities for us to conduct those kinds of maritime patrol. But they are really about reconfirming a simple principle about international maritime law in international waters,” Kirby said.

Samuel P. Medenilla

Pasig RTC issues arrest warrant against Quiboloy

By Joel R. San Juan @jrsanjuan1573

ANOTHER arrest warrant was issued against Kingdom of Jesus Christ (KOJC) founder Pastor Apollo Quiboloy, this time for violation of Republic Act 9208, or the Anti- Trafficking in Persons Act of 2003, a non-bailable offense.

The arrest warrant was issued by Regional Trial Court (RTV) of Pasig City Branch 159 Acting Presiding Judge Rainelda Estacio-Montesa 10 days after a trial court in Davao City issued an arrest warrant against Quiboloy for child abuse and sexual abuse.

The two criminal cases were filed by one complainant—a then 17-year-old former member of KOJC.

Quiboloy is now considered a fugitive after the government refused to grant the conditions he set for his surrender.

One of his conditions for his surrender is the issuance of a written guarantee from President Marcos, Remulla, Philippine National Police (PNP) Chief Gen. Rommel Francisco Marbil and National Bureau of Investigation (NBI) Director Medardo de Lemos that “there will be no American interference and no extraordinary rendition” upon his surrender.

Quiboloy’s conditions stemmed from his indictment in the US three years ago for sex trafficking along with two co-defendants identified as Teresita Tolibas Dandan and Felina Salinas.

The US government has yet to seek Quiboloy’s extradition in connection with the said case.

The arrest warrants issued by the Pasig and Davao RTC also cover Quiboloy’s coaccused Jackielyn Roy, Cresente Canada, Paulene Canada, Ingrid Canada and Sylvia Cemañes.

Judge Estacio-Montesa issued the arrest warrant after denying the motion to defer/suspend proceedings and hold in abeyance issuance of warrant of arrest filed by Quiboloy’s camp.

Quiboloy’s camp argued that the trial court should put on hold any action on the case pending the resolution of its motion for reconsideration seeking the DOJ’s reversal of its resolution ordering his indictment for the alleged crimes.

The judge ruled that Quiboloy’s motion is considered a “prohibited motion” under the Revised Guidelines for Continuous Trial of Criminal Cases.

“Clearly, from the foregoing there is no basis for this court to suspend the proceedings by reason of the filing of a motion for reconsideration on the resolution of the petition for review before the Department of Justice as this is not one of the grounds stated under Section 11 Rule 116 of the Rules on Criminal Procedure,” the Pasig RTC declared.

The court pointed out that there are only three grounds for the suspension of arraignment, such as when the accused appears to be suffering from an unsound mental condition; there is a prejudicial question; and a petition for review of the resolution of the prosecutor is pending either the DOJ, or the Office of the President.

“The standing principle is that once an information is filed in court, any disposition of the case rests in the sound discretion of the Court as the determination of the case is within its exclusive jurisdiction and competence,” the Pasig RTC’s resolution read.

“The Court is the best and sole judge on what to do with the case before it,” it added.

Quiboloy’s camp is expected to avail of all legal remedies to prevent his arrest.

PHOTO BY NONOY LACZA

Manila drops 6 notches to 121st in IMD Smart City Index

By Andrea E. San Juan @andreasanjuan

MANILA’S ranking in IMD’s Smart City Index went six notches down to the 121st spot from last year’s 115th, marking a third consecutive year of decline.

According to IMD, this study serves as a “valuable benchmark” for progress on openness, innovation, inclusivity and sustainability.

The findings of the report noted that the city did well in specific areas: Online access to job listings has made it easier to find work; Online purchasing

of tickets to shows and museums has made it easier to attend and Businesses are creating new jobs.

In contrast, Manila raised concerns on Traffic congestion, Air pollution, and corruption.

Meanwhile, in terms of the most urgent priorities that respondents

were most concerned about, these three key areas were highlighted: Health Services, Corruption/ Transparency and Unemployment.

IMD explained in a statement that the study combines hard data and survey responses from citizens in 142 cities worldwide to show the extent to which technology is enabling cities to address the challenges they face to achieve a higher quality of life for their inhabitants.

Meanwhile, IMD noted that Zurich retains the top spot for the fifth consecutive edition of the IMD Smart City Index, with Oslo in second place and Canberra in third. Geneva is fourth and Singapore is fifth.

“The 2024 Index is the second report produced by the Smart City Observatory—part of the IMD

Aboitiz-led Davao Light has 4 Asean engineers

By Manuel T. Cayon @awimailbox Mindanao Bureau Chief

DAVAO CIT Y—Four engineers of the Aboitizowned Davao Light and Power Co. were conferred the tit e Asean Chartered Professional Engineers (ACPE), allowing them to practice their profession in government undertaking in countries be onging to the Association of Southeast Asian Nations (Asean).

T he four—Roger A l insub, E dward Cantero, Joel Deguito, and Dennis Rupenta— are Professiona l El ectrica E ngineers (PEE ), the company said, which acknow ledged their feat as having “achieved a significant career mi l estone as they earned the ACPE tit e after satisfying the qua ifications and standards set by the Asean member countries

World Competitiveness Center— in partnership with the Seoulbased World Smart Sustainable Cities Organization [WeGO], an international association of local goernments, smart tech solution providers, and institutions,” IMD said in its statement.

For his part, Bruno Lanvin, President of the Smart City Observatory, emphasized that “Cities must design and adopt strategies that can resist the test of a future plagued with growing uncertainties.”

He noted that “health-related concerns remain high, while climaterelated ones grow even larger; a mix complicated by renewed international tensions.”

Meanwhile, Lanvin said trust and good governance are growing in importance, and the significance of

artificial intelligence (AI) in city design and management is set to increase.

“Counterintuitive as it may sound, AI can help cities to become more human-centric,” he noted.

The researchers noted that six cities in the Top 20 have either remained in the same position or improved: Zurich, Oslo, Singapore, Abu Dhabi, Beijing and Seoul. They call these cities “super champions.”

Meanwhile, the study noted that a different group of six cities “looks likely” to join the super champions in the near future. These are Sydney, Melbourne, Hong Kong, Shanghai, Tallinn and Riyadh.

“This is because they have either stayed in the same position or edged up the ranking after starting from lower positions [21-40],” the IMD statement noted.

US, Japan fund project linking Subic, Clark to Mla, Batangas

By Malou Talosig-Bartolome @maloutalosig

THE United States and Japan are set to commit Friday to fund multi-billion-dollar infrastructure projects that would connect former sites of US military bases Subic Bay and Clark with Manila and Batangas.

Thiswillbeoneofthe“deliverables” during the trilateral summit among US President Joe Biden, Japanese Prime Minister Fumio Kishida and Philippine President Ferdinand Marcos Jr. on Friday

bringing down the share of logistics cost to total cost of good to 25.5 percent.   In an earlier story by the BUSINESSMIRROR in 2022, Curay emphasized that Philippine logistics cost is highest among Asean neighbors. “So our logistic costs, percentage of sales is 25 percent, meaning it takes almost one-third of the cost of the product to get to you, that’s very high, he said.

(Full story here: https://businessmirror.com. ph/2022/05/04/traffic-disrupting-supplychain-logistics-cost-highest-in-phl/)

Continued from A18

The program’s objectives include changing the franchising system, introducing new routes, and providing education to drivers.

Commuter groups and networks and driver organizations had called on the government to delay the implementation of the program, as this will result in a significant loss in transport supply, which they argue has already been insufficient to meet the current demand.

Aside from the ACPE title which will be conferred in May in Pasay City, the four Davao Light engineers are also now inc uded in the Asean Engineering Register (AER) under the Philippine Techno ogical Council (PTC).

Like ACPE the AER a ll ows engineers to harness capabi ities and co ll aborate with other professiona l s specifica ll y on private transactions across the 10 Asean states, Davao Light said in a statement.

Together with another Davao Light PEE Jonathan Meda ll a, they are the first group in the power uti lity to receive the tit e conferred to them last November 2023 in Bali, ndonesia,” the company said.

Awardee Cantero said the achievement “is a testament to years of hard work, commitment to excellence, and passion for engineering. Being an ACPE offers new opportunities, respect, and recognition internationally.”

“This title under the Professiona Regulation Commission [PRC] recognizes their expertise, education, icenses, and experiences in electrical engineering, across the Asean states for government-related undertaking.

By Ma. Stella F. Arnaldo @akosistellaBM Special to the BusinessMirror

THE Tourism Promotions Board (TPB), the marketing arm of the Department of Tourism (DOT), has assured it continues to strongly promote Boracay Island in markets abroad.

In a Viber message to the BusinessMirror, TPB Chief Operating Officer Maria Margarita Montemayor Nograles said, “At the TPB, Boracay remains one of our top priorities as it is still one of our most acclaimed award-winning destinations.” She made this reassurance after Boracay stakeholders had complained of tepid foreign tourist arrivals compared to pre-pandemic years, due to the lack of promotions of the island, abroad.

Nograles theorized that since the TPB also promotes the country’s “hidden gems” along with Boracay, inbound tourist arrivals have been spread out. “But rest assured, we will make sure to give equal opportunities to all our destinations—and actually we are looking into Boracay as another strong MICE [Meetings Incentives Conventions Exhibitions] destination

A insub, another awardee, said “I am almost at retirement, but it does not mean have to stop attaining my goals. With this kind of learning environment in our company, we keep enhancing and achieving our skills competencies.

“We foster an environment where we support and put value in our ta ents as they take charge of their persona and professional growth,” said Rodger Velasco, president and COO of Davao Light. Through our team members, we drive innovation and excellence and upho d the highest standards of professionalism. When we value our workforce, we value our customers who deserve nothing less than a world-c ass service.” H e said Davao Light, an AboitizPower subsidiary, “aims to empower and add va ue to the communities it serves by providing too ls, services, and keys to efficiency and we llbeing, which will bring about deve lopment in its franchise area covering the cities of Davao, Panabo, and the municipa lities of Carmen, Duja i, and Sto. Tomas.”

and have been promoting this in our MICE shows abroad. As matter of fact, Boracay was promoted during our MICE roadshow in South Korea last October, and we have received promising feedback so far,” she said.

This May, TPB is hosting Connections Luxury in Boracay, which will bring together senior luxury decision-makers from around the globe with representatives of luxury properties in the Philippines in a B2B event, she added.

Chaos in the jetty port IN the first quarter of the year, foreign tourists accounted for some 27 percent of total arrivals on the island, versus 60 percent in the same period in 2019. Domestic travelers were also more than double the arrivals in the first quarter of 2019, reaching 386,868 in January to March. (See, “Locals push Q1 arrivals on Boracay to 538,603,” in the BusinessMirror, April 10, 2024.)

Private tour operators believe, however, there is no one to blame except the island’s stakeholders themselves.

Jose C. Clemente III, president of Rajah Tours Philippines, said the

2 naval aviators killed in Cavite air crash

By Rex Anthony Naval

TWO Philippine Navy (PN) pilots were killed when the Robinson R-22 light training helicopter they were flying crashed near the Cavite City Public Market while attempting to make an emergency landing Thursday morning. “Said aircraft, which took off from Sangley Airport, was conducting a training flight with two officer pilots onboard. The pilots were rushed to nearby hospitals by the responding teams from the Philippine Fleet and Naval Air Wing, but it is unfortunate that they were not able to make it,” PN spokesperson Captain John Percie Alcos said in a

numerous fees imposed on tourists by Boracay, “is probably one of the biggest factors why tourists, and even the travel trade [buyers], now prefer other destinations. Aside from too many fees, more significantly, there is the hassle of passing through the small and chaotic jetty port in Caticlan.”

He acknowledged “a decrease in inquiries for Boracay from our clients and has shifted to other places such as Bohol and Palawan. Boracay has to reset if it wants to regain its place as the most sought-after destinations in the country.”

Speaking on background, a destination management company (DMC) executive separately said, it didn’t matter whether Boracay was promoted abroad or not. “At the end of the day, and from our point of view as DMCs, we support destinations that are easy to work with, where we get value, logistically convenient, and all of that. Whether it’s promoted by DOT or not, we really don’t care. We have the ability to steer clients where we want, with or without [government] promotions.”

Varying rates

THE tourism executive noted this was

statement regarding the mishap.

And while all PN aircraft undergo regular inspection and maintenance to ensure airworthiness, a “thorough investigation” will be conducted to determine the exact cause of the crash, he added.

“Nevertheless, no stone will be left unturned as we endeavor to prevent this kind of accident from happening again,” Alcos said.

The PN spokesperson said they are withholding the names of the two Navy pilots as they are still in the process of informing the families.

“Our thoughts and prayers go out to the bereaved loved ones. All necessary support will be extended to them,” he added.

“We’ll be announcing an important set of new infrastructure projects known as the PGI Luzon corridor, the first-ever PGI corridor in the Indo-Pacific, which will connect Subic Bay, Clark, Manila, and Batangas in the Philippines to accelerate coordinated investments in high-impact infrastructure projects, including ports, rail, clean energy, semiconductors, supply chains, and other forms of connectivity in the Philippines,” a senior US administration official said in a briefing.

Notably, Subic and Clark once hosted, for some eight decades, America’s largest military bases outside the mainland. Subic was a naval base and Clark, an air base.

“We will be holding events and setting up a steering committee to accelerate the work on this Luzon corridor, and the Development Finance Corporation will open its first regional office in the Philippines as part of this announcement,” said the senior US official.

Also to be announced are projects in Open Radio Access Network technology, “where the US and Japan, both governments and industry, will be providing millions of dollars in funding for O-RAN field trials and the support of an Asia O-RAN Academy in Manila to enable future commercial deployment. And we’re working closely with the government of the Philippines to ensure that we can partner as a trilateral grouping to deploy secure, trusted ICT technology in the Philippines.”

the case with Bohol, “because we’re pushing it. Siargao is generating interest, but I don’t really see DOT dropping a massive promotions budget for it.”

The executive blamed Boracay resort owners themselves for the drop in their foreign arrivals. “They favored the China market, so the other markets got turned off. We’re also disappointed. They dropped their rates for Chinese tourists but for the Western markets, they charged very high rates for the very same rooms. Who wouldn’t get pissed?”

Regarding the breaching of the island’s carrying capacity last Holy Week, DOT Spokesperson Czarina Zara-Loyola said, the Secretaries of Tourism, Interior and the Local Government, and Environment were meeting in Palawan on Thursday. “We are hoping to discuss this first with them,” she said.

The topic, she added, was already discussed in the Secretaries’ “first meeting,” but she failed to say when that meeting was held or explain what points about it were raised exactly.

Loyola, however, had no comment on the claim of Boracay stakeholders that the DOT was not promoting the island.

2-day transport strike set vs PUV modernization

Piston has already filed for a stay order against the PUVMP before the High Court. Baylon noted that the group will soon urge the Supreme Court to act in haste on their petition, which was submitted in December last year.

What happened to extension?

SEN. Grace Poe on Thursday expressed the hope that the SC ruling on the petition of transport groups would come out in timely fashion.

While acknowledging the Executive’s

decision to stand firm on the April 30 deadline for the PUV (public utility vehicles) consolidation, Poe, the Senate Public Services Committee chair, urged regulators to make sure they have set in place a smooth transition, as a shortage in public transportation is not acceptable at a time of extreme hot weather.

Poe also urged the Land Transportation and Franchising Regulatory Board (LTFRB) to make sure to “release ahead of the deadline the list of routes with and without consolidated jeepneys.”

Poe warned, “We can’t just leave our commuters scampering for rides, especially under this extreme heat.”

Standing firm on the thrice-extended April 30 deadline set for PUV consolidation is the call of the Executive, said Poe, but added: “We want to know how productive the three-month extension has been. Have there been fruitful dialogues between the LTFRB and transport groups? Were there substantial efforts to reach out to the drivers and operators to help them get into the program?”

The relevant agencies, she said, should have also used this last extension to make sure “the apprehensions about the loans and other financial aspects of the program” have been eased.

Finally, Poe expressed hope that “With the nearing implementation, we also look forward to the final verdict of the Supreme Court on the appeal of transport groups.  This will help enlighten concerned agencies on the path to take on the so-called modernization of our PUV fleets.” With Butch Fernandez

Cha-cha ‘not a necessary 1st step’ to lure investments

The World

South Korea’s prime minister, presidential officials resign en masse after ruling party’s crushing defeat

By Hyung-Jin Kim The Associated Press

SEOUL, South Korea—South Korea’s prime minister and senior presidential officials offered to resign en masse Thursday after their ruling party suffered a crushing defeat in parliamentary elections in a huge blow to conservative President Yoon Suk Yeol.

The results of Wednesday’s elections mean the liberal opposition forces will prolong their control of parliament until after Yoon completes his single five-year term in 2027. That will likely set back Yoon’s domestic agenda and weaken his grip on the ruling party as he faces the opposition's intensifying political offensive during his remaining three years in office, experts say. Prime Minister Han Duck-soo and all senior presidential advisers to Yoon, except those in charge of security issues, submitted their resignations, according to Yoon's office. It didn’t immediately say whether Yoon

accepted their resignations.

Executive power in South Korea is heavily concentrated in the president, but the prime minister is the No. 2 official and leads the country if the president becomes incapacitated.

Yoon said he will “humbly uphold” the public sentiments reflected in the election outcome and focus on improving people's economic situations and on reforming state affairs, said Yoon’s presidential chief of staff, Lee Kwanseop, in a televised briefing.

In a separate news conference, ruling People Power Party leader Han Dong-hoon said he would step down as well to take responsibility for the election defeat.

“I apologize to the people on behalf of our party, which wasn’t good enough to win the people’s choices,” he said.

With most of the votes counted, the main opposition Democratic Party and its satellite party appeared to have won a combined 175 seats in the 300-member National Assembly. Another small liberal opposition party was expected to win 12 seats under a proportional representation

system, according to South Korean media tallies.

Yoon’s ruling People Power Party and its satellite party were projected to have obtained 108 seats.

The final official results were expected later Thursday.

Regardless of the results, Yoon will stay in power and his major foreign policies will likely be unchanged. But Wednesday’s elections were widely seen as a midterm confidence vote on Yoon, a former top prosecutor who took office in 2022.

Yoon has pushed hard to boost cooperation with the United States and Japan as a way to address a mix of tough security and economic challenges. But he has been grappling with low approval ratings at home and a liberal opposition-controlled National Assembly that has limited his major policy platforms that require legislative approvals.

Hong Sung Gul, a public administration expert at Seoul’s Kookmin University, said Yoon will likely find it more difficult to implement businessfriendly policies and tax reforms, as the opposition parties are likely to aggressively flex their legislative muscles.

China protests EU’s investigation of subsidies in green industries, calling move protectionist

BBy Ken Moritsugu The Associated Press

EIJING—China has accused the European Union of protectionism and “reckless distortion” of the definition of subsidies in response to a new EU investigation into Chinese wind turbine makers.

A Chinese trade remedies official made “solemn representations” on the issue in a meeting in Brussels on Wednesday with Martin Lukas, the EU director general for trade defense, the Commerce Ministry said.

“The European side’s reckless distortion of the definition of subsidies, and the lack of openness and transparency in procedural standards during the investigation, is a protectionist act that harms the fair competition environment in the name of fair competition,” the statement said.

The investigation opened by the European Union on Tuesday is the latest against Chinese companies announced in the past two months under a new EU regulation.

The investigation will look into whether Chinese subsidies are giving wind turbine companies an unfair advantage in the competition for projects in five member countries: Spain, Greece, France, Romania and Bulgaria.

“We’re making full use of the tools that we have,” the EU commissioner for competition, Margrethe Vestager, said in announcing the move.

A Chinese business group in Europe described the investigations as “an act of economic coercion” that undermines the EU's commitment to reducing greenhouse gas emissions.

“This action sends a detrimental signal to

the world, suggesting discrimination against Chinese enterprises and endorsing protectionism,” the China Chamber of Commerce to the EU said in a statement.

The EU also announced investigations last week into two Chinese solar panel makers bidding for a 455-megawatt solar park in Romania. An earlier EU probe into the procurement of 20 electric trains in Bulgaria was dropped last month after the Chinese bidder withdrew from the competition.

Vestager, delivering a speech in the United States on technology and politics, called the approach “whack-a-mole” and said the EU needs to address the issue in a more systemic way.

“And we need it before it is too late,”

she said, according to a text of her prepared remarks. “We can’t afford to see what happened on solar panels, happening again on electric vehicles, wind or essential chips.”

China thinks the investigations are “targeting an obvious direction,” undermining the confidence of Chinese companies to invest and trade in Europe and affecting global efforts to combat climate change, the Commerce Ministry statement said.

The EU also launched an investigation last October into Chinese subsidies for electric vehicles as exports from China to Europe rise.

China’s vehicle exports, including trucks and buses, rose 33.2 percent in the first three months of this year to 1.3 million units, the China Association of Automobile Manufac-

turers said Wednesday. Exports of electric vehicles were up 7.3 percent to 248,000 units. Passenger cars accounted for 1.1 million of the total.

The US treasury secretary, Janet Yellen, raised similar concerns on a recent visit to China. She called for changes in a Chinese industrial strategy that she said has “the potential to flood our markets with exports that make it difficult for American firms to compete.”

A German industry representative said that inexpensive Chinese goods contribute to Europe’s environmental goals in the shortterm but “will destroy our industry” in the medium term.

“We have a dilemma here,” said Maximillian Butek, the head of the German Chamber of Commerce in East China. “Because now at the moment it's solar, the next could be maybe wind power, etc. So this is a balance the politicians need to find.”

The chamber wants German Chancellor Olaf Scholz, on his visit to China next week, to raise German company concerns about access to the Chinese market.

Complaints about unfair trade practices are not new, but they have taken on increased importance with the emergence of Chinese companies as competitors both in China and abroad.

“Especially against the background of increased entry of Chinese providers into the European market, a level playing field must be implemented,” the German Chamber said in a survey of member companies released this week. Associated Press researcher Wanqing Chen contributed.

Hong Kong denies entry to Reporters Without Borders staffer in latest blow to press freedom

By Zen Soo The Associated Press

HONG KONG—Report-

ers Without Borders said

Wednesday that one of its representatives was denied entry into Hong Kong, calling it a “new decline” in the city’s press freedoms.

According to the group, its Taipeibased staffer Aleksandra Bielakowska was stopped at the airport by immigration officers. She was detained, questioned and had her belongings searched three times before she was denied entry, said the group, also known by its French acronym RSF. “This action by the Hong Kong

authorities, unprecedented for RSF, marks a new decline in the already poor press freedom climate in the territory,” RSF said in a statement.

Bielakowska was to meet journalists and attend a hearing at the trial of Jimmy Lai, the media tycoon and founder of the now-defunct Apple Daily newspaper who is facing national security charges.

The Immigration Department did not comment when contacted after business hours.

Rebecca Vincent, RSF’s director of campaigns, said the group had “never experienced such blatant efforts by authorities to evade scrutiny of court proceedings in any country.”

A major crackdown on dissent has taken place in Hong Kong since the massive anti-government protests in 2019. After Beijing imposed a new national security law on the city, dozens of pro-democracy activists have been arrested and charged. Also, electoral laws have been overhauled to ensure that only “patriots” loyal to Beijing can run for office.

Police have also frozen assets and raided the newsrooms of pro-democracy media outlets, eventually forcing them to cease operations. In March, Hong Kong lawmakers approved the Article 23 security bill, which includes maximum penalties of life imprisonment for offences such as treason and

insurrection.

Two former Stand News editors are expected to hear a verdict in their case this month after being charged under a colonial-era sedition law, and in March, US-funded Radio Free Asia said that its Hong Kong bureau has been closed because of safety concerns under the new national security law.

Once seen as a bastion of media freedom in Asia, Hong Kong has since plummeted in press freedom rankings. The semi-autonomous city currently ranks 140th out of 180 countries in RSF's World Press Freedom Index. In 2002, Hong Kong was ranked 18th.

“When it comes to policies, important ones like tax system reforms require legislation. I think there is a high possibility for the opposition parties to put a break on Yoon’s such policy agendas,” Hong said.

Yoon’s critics have accused him of failing to resolve livelihood issues such as soaring prices, refusing to quickly fire some top officials implicated in scandals, and lacking efforts to communicate with opposition leaders for policy coordination.

Earlier this year, Yoon briefly enjoyed rising approval ratings over his strong push to drastically increase the number of medical students despite vehement protests by incumbent doctors. But the doctors’ walkouts eventually left Yoon facing growing calls to find a compromise, with patients and others experiencing delays of surgeries and other inconveniences.

The rival parties’ campaigning ahead of Wednesday’s elections deepened South Korea’s already serious conservative-liberal divide as they exchanged toxic rhetoric and mudslinging.

Democratic Party leader Lee Jaemyung lost the 2022 presidential election to Yoon in the country’s most

closely fought presidential contest. During the 2022 race, Yoon and Lee and their supporters spent months demonizing each other.

Lee is eyeing another presidential bid. His main potential conservative rival is Han, who also served as Yoon's justice minister. Lee faces an array of corruption investigations that he argues are politically motivated and pushed by Yoon’s government.

“The results of the parliamentary elections are not the victory by the Democratic Party, but the great victory by our people,” Lee said Thursday. “Now, the elections are over. Both the ruling and opposition political parties must pull together all their strength to resolve economic and public livelihood problems.”

The incoming parliament is to begin meeting on May 30 for a fouryear term. Of the 300 seats, 254 were elected through direct votes in local districts, and the other 46 by the parties according to their proportion of the vote. The final voter turnout for South Korea's 44 million eligible voters was tentatively estimated at 67 percent, the highest for a parliamentary election since 1992, according to the National Election Commission.

Fighting escalates in Myanmar as army holds out against resistance push on key border town

By Grant Peck The Associated Press

BANGKOK—Fighting appeared to be escalating in Myanmar on Wednesday as guerrilla fighters from the Karen ethnic minority and pro-democracy forces battle soldiers holding on to a major trading town on the border with Thailand, witnesses said.

The fall of Myawaddy, which is also Myanmar’s most active trade crossing with Thailand, would be another major setback in the army's war against resistance forces seeking to topple the military-run government.

The fighting has alarmed officials in Bangkok, who fear it may drive large numbers of people across the border. Thai Foreign Minister Parnpree Bahiddha-Nukara said Tuesday that Thailand can accommodate about 100,000 people in safe areas on a temporary basis.

Myawaddy lies just across the Moei River from the Mae Sot district, which has served in the past to shelter villagers fleeing the fighting.

Despite its advantage in arms and manpower, Myanmar’s army had been on the defensive since last October, when an alliance of three ethnic rebel groups launched an offensive in the country’s northeast. Resistance forces since then have captured major swaths of territory in northern Shan state on the border with China, made significant gains in Rakhine state in the west, and continue to pressure the army elsewhere.

A drone attack was launched last week by a resistance group loyal to the National Unity Government, an umbrella organization for pro-democracy forces, at the airport in Myanmar’s capital, Naypyitaw. Little damage was reported but it highlighted the vulnerability of the military government, which seized power in 2021 by ousting the elected government of Aung San Suu Kyi and now

finds itself embroiled in a civil war.

The Karen National Union—the leading political body for the Karen ethnic minority—said last week that its armed wing, the Karen National Liberation Army, along with pro-democracy allies, had captured a regional army base at Thin Gan Nyi Naung on the road to Myawaddy.

More than 600 members of the security forces and their family members reportedly had surrendered.

A journalist covering the fighting in the area told The Associated Press that the prodemocracy fighters attacked the garrison of Infantry Battalion 275, about 4 kilometers (3 miles) to the west of Myawaddy, on Tuesday night.

The military responded with aerial bombardments and shelling, the journalist said, speaking on condition of anonymity for fear of being arrested by either warring side. He said the guerrillas also attacked the artillery battalion in Lay Kay Kaw, a small town in the southern part of Myawaddy township, on Wednesday.

Three residents of Myawaddy, who live near Infantry Battalion 275 garrison, told the AP by phone that they took shelter with other locals at Buddhist monasteries near there when fighting intensified on Tuesday.

The residents, said three fighter jets had been bombing the fighting areas and nearby villages, overnight and in the morning.

Two other residents living in Myawaddy, said some townspeople were fleeing into Mae Sot in Thailand, but many others were working as usual despite the fighting on the town’s outskirts.

Another resident of Myawaddy said she crossed into Mae Sot on one of the MyanmarThailand friendship bridges on Tuesday to avoid the bombing and saw officers were still carrying out their jobs at the bridge. All the local residents spoke on the condition of anonymity for fear of their safety.

The World

Friday, April 12, 2024

Vietnam sentences real estate tycoon to death in its largest ever fraud case

By Aniruddha Ghosal The Associated Press

HANOI, Vietnam—Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country’s largest financial fraud case ever, state media Thanh Nien said.

The 67-year-old chair of the real estate company Van Thinh Phat was accused of fraud amounting to $12.5 billion—nearly 3 % of the country’s 2022 GDP. She illegally controlled the Saigon Joint Stock Commercial Bank between 2012 to 2022 to siphon off these funds through thousands of ghost companies and by paying bribes to government officials.

Lan’s arrest in October 2022 was among the most high profile in an ongoing anti-corruption drive in Vietnam that has intensified since 2022. The so-called Blazing Furnace campaign has touched the highest echelons of Vietnamese politics. Former President Vo Van Thuong resigned in March after being implicated in the campaign.

But it’s the scale of Lan’s trial has shocked the nation. VTP was among Vietnam’s richest real estate firms, with projects including luxury residential buildings, offices, hotels and shopping centers. Analysts said the scale of the scam raised questions about whether other banks or businesses had similarly erred, dampening Vietnam’s economic outlook and making foreign investors jittery at a time when Vietnam has been trying to position itself as the ideal home for businesses trying to pivot their supply chains away from China.

The real estate sector in Vietnam has been hit particularly hard: An estimated 1,300 property firms withdrew from the market in 2023, developers have been offering discounts and gold as gifts to attract buyers, and despite rent for shophouses falling by a third in Ho Chi Minh City, many in the city center are still empty, according to state media.

In November, Communist Party General Secretary Nguyen Phu Trong, Vietnam’s top politician, said that the anti-corruption fight would “continue for the long term.”

Israeli airstrike in Gaza kills 3 sons, 4 grandchildren of Hamas top leader

By Tia Goldenberg, Kareem Chehayeb & Wafaa Shurafa The Associated Press

TEL AVIV, Israel—Israeli aircraft killed three sons of Hamas’ top political leader in the Gaza Strip on Wednesday, striking highstakes targets at a time when Israel is holding delicate cease-fire negotiations with the militant group. Hamas said four of the leader’s grandchildren were also killed.

Ismail Haniyeh s sons are among the highest-profile figures to be killed in the war so far. Israel said they were Hamas operatives, and Haniyeh accused Israel of acting in “the spirit of revenge and murder.”

The deaths threatened to strain the internationally mediated cease-fire talks, which appeared to gain steam in recent days even as the sides remain far apart on key issues.

The slayings also come as Israel is under intensifying pressure— increasingly from its top ally, the US—to change tack in the war, especially when it comes to humanitarian aid for desperate people in Gaza.

Haniyeh said Hamas would not cave to the pressure leveled by the strike on his family.

“The enemy believes that by targeting the families of the leaders, it will push them to give up the demands of our people,” Haniyeh told the Al Jazeera satellite channel. “Anyone who believes that targeting my sons will push Hamas to change its position is delusional.”

Hamas’ Al-Aqsa TV station aired footage of Haniyeh receiving the news of the deaths through the phone of an aide while visiting wounded Palestinians who have been transported to a hospital in Qatar, where he lives in exile. Haniyeh nodded, looked down at the ground and slowly walked out of the room.

Hamas said Hazem, Amir and Mohammed Haniyeh were killed in the Shati refugee camp in Gaza City, where Ismail Haniyeh is originally from.

The militant group said three of Haniyeh’s granddaughters and a grandson were also killed, without disclosing their ages.

Al-Aqsa TV said the brothers were traveling with family members in a single vehicle targeted by an Israeli drone.

The Israeli military said Mohammed and Hazem were Hamas military operatives and that Amir was a cell commander. It said they had conducted militant activity in the central Gaza Strip, without elaborating. It did not comment about the grandchildren killed.

The strike on Haniyeh’s family is the latest bloodshed in a war with no end in sight.

Earlier, Israeli War Cabinet minister Benny Gantz claimed Hamas has been defeated militarily, although he also said Israel will fight it for years to come. “From a military point of view, Hamas is defeated. Its fighters are eliminated or in hiding” and its capabilities “crippled,” Gantz said in a statement to the media in the southern Israeli city of Sderot.

But he added: “Fighting against Hamas will take time. Boys who are now in middle school will still fight in the Gaza Strip.”

Gantz reiterated the Israeli government’s commitment to go into Rafah, the city at the far southern tip of the Gaza Strip where more than half the territory’s 2.3 million people are now sheltering.

For Palestinians, the strike on Haniyeh’s family darkened an already grim Eid al-Fitr holiday, which ends the holy fasting month of Ramadan. Palestinians marked the holiday by visiting the graves of loved ones killed in the war. In the Jabaliya refugee camp near Gaza City, people sat quietly by graves surrounded by buildings destroyed in Israel’s offensive, which was launched in response to the deadly Hamas attack on October 7.

As misery in Gaza lingers, Israel has faced increasing pressure, including from its own top ally, the US, to change tack in the war, especially with regards to the delivery of humanitarian aid.

In an interview with Spanish-language broadcaster Univision that was recorded April 3 and aired Tuesday, US President Joe Biden criticized Prime Minister Benjamin Netanyahu’s handling of the war in Gaza and urged his government to flood the beleaguered territory with aid. He repeated that call again Wednesday, saying the efforts to boost aid were “not enough” and demanding another entry point for trucks in northern Gaza.

Shurafa reported from Deir al-Balah and Chehayeb reported from Beirut. Associated Press writer Josef Federman in Jerusalem contributed to this report.

editorial

PBBM bares holistic plan to tackle traffic congestion in NCR

TRAFFIC congestion has long been a pressing issue in Metro Manila, causing frustration, wasted time, and economic losses.

Recognizing the need for a holistic plan, President Marcos has outlined a comprehensive approach that focuses on reducing the demand for private vehicles through an enhanced mass transit system and cracking down on colorum vehicles. This strategy demonstrates a promising step forward in addressing the root causes of traffic congestion. (Read the BusinessMirror story: “PBBM: Traffic-busting plan focuses on mass transit,” April 11, 2024).

The President rightly highlights that simply constructing additional roads and flyovers will not be sufficient to alleviate heavy traffic in Metro Manila. W hile expanding the road infrastructure can provide temporar y relief, it cannot keep up with the rapid increase in vehicles. Therefore, the emphasis on developing a reliable and efficient public transport system is crucial. By prioritizing the completion of major public transport projects, such as the North-South Commuter Railway and the Metro Manila Subway, the government aims to provide commuters with viable alternatives to private vehicles. The collaboration between the Department of Transportation (DOTr) and the Japan International Cooperation Agency (JICA) in crafting a 30-year master plan for railways in the greater NCR is a commendable effort. Such a longterm vision ensures that transportation infrastructure development aligns with the region’s evolving needs.

Additionally, initiatives like enhancing the efficiency of the busway on EDSA and constructing more integrated transport exchanges through publicprivate partnerships (PPP) will contribute to a seamless and interconnected transportation network.

The Public Utility Vehicle Modernization Program (PUVMP), which aims to replace existing PUVs with more environmentally friendly alternatives, is a step toward sustainable and efficient public transportation. W hile there may be concerns raised by some transport groups regarding the program, it is essential to address these issues and find a balanced solution that benefits both commuters and PUV operators. The government’s commitment to not extend the deadline for consolidation highlights the determination to push through with the PUVMP

In addition to improving the public transport system, President Marcos emphasizes the need to crack down on colorum vehicles, which operate without the necessar y registration. The estimated 30 percent of colorum PUVs in the region contribute significantly to congestion. By tasking the Department of the Interior and Local Government with spearheading the campaign against colorum vehicles, the administration demonstrates its commitment to enforcing the law and ensuring that PUVs operate within the proper regulations.

W hile these initiatives show promise, it is important to consider other aspects of traffic management as well. Senator Robin Padilla rightly highlights the importance of education, discipline, and enforcement of traffic laws. Incor porating road courtesy and driver education into the curriculum of the Department of Education can instill the right values and knowledge in future drivers, promoting a culture of responsible driving from an early age.

It is encouraging to see the government’s recognition that solving traffic congestion requires a collaborative effort involving various stakeholders. The Department of Transportation’s commitment to interagency coordination and the involvement of local government units and private partners in the implementation of the comprehensive plan reflects a coordinated approach to address this complex challenge.

The comprehensive plan against traffic congestion in Metro Manila, as outlined by President Marcos, presents a promising roadmap for the future. By prioritizing an enhanced mass transit system, cracking down on colorum vehicles, and promoting road discipline and education, the government demonstrates a commitment to creating a more efficient, sustainable, and peoplecentric transportation system. Implementing these measures will not only alleviate traffic congestion but also improve the overall quality of life for residents and contribute to the economic growth of the National Capital Region.

Using technology for good

TSonny M. Angara

BETTER DAYS

HE Philippine National Police reported a rise in cybercrime cases during the first quarter of 2024. According to the police’s Anti-Cybercrime Group (ACG), there were 4,469 cases recorded from January to March of 2024. This was an increase of almost 22 percent from the 3,668 cases over the same period in 2023. ACG Director Maj. Gen. Sidney Hernia cited online selling scams, debit and credit card fraud and investment scams as the three main contributors to the increase in the number of cybercrime cases. He surmised that the increased online activity of Filipinos, as well as sophisticated cybercrime tactics and a general lack of awareness by the public could have contributed to this spike in people falling prey to cybercriminals.

If there was one good thing that came out of the Covid-19 pandemic it’s that people became more knowledgeable in the use of technology, particularly for e-commerce and online transactions with government offices. More people were shopping online, initially out of necessity because of the lockdowns. Eventually, people realized that it was just more convenient and even cost-effective if we take into account the amount of time lost in traffic jams and the cost of transportation. But with this growth in the use of technology also came a corresponding increase in opportunities for criminals to target consumers, using the ver y tools that were supposed to make life easier for the people. Maj Gen. Hernia himself

Behavior modification

While the report may seem alarming and raises a red flag against an overreliance on technology, the reality is that at its core, technology does more good than harm, especially in this digital age. Today every major company uses technology for all aspects of their operations. It improves efficiency and raises productivity, which leads to higher growth.

and even investment opportunities has created a larger pool of potential targets for cybercriminals. W hile the report may seem alarming and raises a red flag against an overreliance on technology, the reality is that at its core, technology does more good than harm, especially in this digital age. Today ever y major company uses technology for all aspects of their operations. It improves efficiency and raises productivity, which leads to higher growth And the thing with technology is that it is constantly evolving and at a pace

that some may find too fast for them to catch up. The use of artificial intelligence (AI) for one is something that is rapidly transforming from something that was once seen as gimmicky to a tool that is becoming indispensable for some and even a threat in numerous situations.

AI i s now u sed i n ever y i ndu st r y becau se of how muc h data it can act u ally analyze and process for t he spec i f ic needs of its u sers. In healt hca re, for i nstance, AI i s now be i ng u sed to d i agnose d i seases, a rg u ably ju st as well or even better t h an hu mans can. AI i s also be i ng ut i l i zed to presc ribe t reatments for pat ients based on t he data collected f rom d i agnost ics quickly. In ag ric u lt ure, t he u se of AI h as g rown substant i ally and h as benef itted fa r mers who h ave lea r ned to ut i l i ze it. From automated mac hi ner y to t he mon itoring of weat her and cl imate c h anges and its i mpact on t he g rowt h of c rops, AI h as helped i nc rease agric u lt ural product ion and even t he qu al ity of produce. Automobile manufacturers are now tapping AI to improve safety in automobiles and to eventually See “Angara,” A

Dr. Alvin P. Ang

EAGLE WATCH

“ …ever yone did as they saw fit ” Judges 21:25

THE President has taken note of the heavy burden that Metro Manila traffic is placing on everyone. In the latest Cabinet meeting, Secretary Balisacan of Neda said that it was on top of the agenda. True enough, the summer heat and the slow movement of vehicles have raised the daily grind temperature to higher levels. The Management Association of the Philippines (MAP) has called the Metro Manila traffic a crisis in its January 2024 press release and a subsequent release in March calling for a declaration of a state of calamity since the value of economic loss far exceeds the P1 billion required for a declaration of calamity accompanied by the release of emergency state relief measures.

Among the recommendations of MAP is the creation of a new traffic management team to be headed by a Traffic Czar appointed by the President with full powers and authority to mobilize resources of government to address this problem. Included also are institutional and organizational arrangements, mass transport systems, urban dispersal programs, and other infrastructure measures. These are relevant and important measures requiring time and resources to implement. Nonet heless, t hese meas ures mostly look at the management side of things, there is a need to look at the behaviors of people using the road systems and those managing them. Note the rise in road rage incidents as can be obser ved and posted in both mainstream and social media. It can be said that regardless of income class, each driver of a vehicle thinks

The challenge runs deep in how people are learning both in homes and school. There is a Filipino saying “sa mata ng bata, lahat ng ginagawa ng nakakatanda ay tama.” If everyone is doing it, then this confused behavior is perpetuating itself to the next generation Everyone needs a personal governance reform beyond what institutional reform can do.

that “they should go first.” The lack of a standard way of implementing traffic and transportation system has led to a daily chaotic travel to and from work and school.

I recently saw a clip wherein an EDSA bus lane v iolator was seen ask ing the traff ic enforcers if it is “really” i llegal to pass by the Edsa bus lane. T he other day, even the MMDA shuttle was apprehended for using the bus lane. In various MMDA operat ions to clea r road obstructions, people initially follow and then retur n after the MMDA has left. Despite almost dai ly police check points, MMDA apprehensions and traff ic enforcers running after t hem, t he number of motorcycle riders driv ing w ithout helmet continues to increase, some in f ront of

Carbon credits market to get a huge boost as rules relaxed

By Frances Schwartzkopff, Natasha White & Alastair Marsh

THE world’s main verifier of corporate climate targets will let companies use carbon credits to reduce the broadest scope of their emissions, relaxing earlier guidance and galvanizing a controversial market for green finance.

Carbon Market Watch, a nonprofit and research group, went a step further and said it “strongly condemns” the decision by SBTi, noting that Scope 3 emissions often make up the “lion’s share of a company’s carbon footprint.”

Eclipse

resea rc h at BloombergNEF. “For Scope 3 - heavy compan ies, work i ng towa rds and ac hiev i ng net zero u nder SBTi i s a moonshot w it hout some rel i ance on ca r bon c red its,” he sa id. Ma rket pa r t ic ipants were quick to respond to t he move. R ic h Gi lmo r e, c hi ef exec u t i ve at Ca r bon Growt h Pa r tners, sa id t he dec ision cou ld be “massively consequent i al” for t he f ut ure of ca r bon prices. Son i a Zu gel, CEO of ESG Playbook, called t he adju stment “a huge c h ange” to SBTi ’s f ramework. Te j V ir k, co-fou nde r of NL X Capital, sa id t he relaxed g uidel ines w i ll i nv i gor ate t he demand for volu nta r y ca r bon c red its.” SBTi ’s dec i sion “si gnals a c ruc i al shi ft towa rds t he acceptance of ca r bon c red its i n cor porate cl i mate st rateg ies, prom i si ng to boost bot h t he ma rket and t he eff icacy of t hese c red its i n ac hiev i ng real-world cl imate act ion.” T h e new r elaxed g ui del i nes represent “a si gn i f icant step forwa rd i n scal i ng ca r bon ma rkets and cl i mate act ion,” sa id Teresa Ha r tmann, c hief r at i ngs off icer at BeZero Ca r bon. “For compan

cou nc i l, sa id “t he statement came as a sur pri se.” S he also quest ioned t he cl imate sc ience u nder pi nn i ng t he move. “It clea rly cont r avenes governance p r oced ur es w it hi n SBT i , as t he Tec h n ical Cou nc i l h as not engaged on t hi s matter yet at all subsequent to t he call for ev idence i n t he fall of last yea r,” Stabi nsky sa id. “A nu mber of Tec hn ical Cou nc i l members h ave r a i sed concer ns i nter nally i n t he hours si nce t he publ icat ion of t he statement, on bot h process and content of t he statement.” Ca r bon Ma rket Watc h , a nonprof it and resea rc h g roup, went a step f ur t her and sa id it “st rongly condemns” t he dec i sion by SBTi , not i ng t h at Scope 3 em i ssions often make up t he “l ion’s sh a re of a company’s ca r bon footpri nt.” Steph ann ie Gald i no, a volu nta r y ca r bon ma rket analyst w it h Veyt, wa r ned of a hi g h ri sk of g reenwashi ng” as a resu lt of SBTi ’s dec i sion.

SBTi, in its statement, prom ised to develop “spec i f ic g u a rd ra i ls and t hresholds” to ensure proper use of c red its. It also sa id it isn’t plann i ng to val idate t he qu al ity of ca r bon c red its. Instead, it w i ll g ive organ i zat ions t h at do so “clea r access” to t he ru les t h at it w i ll establ i sh a rou nd t he c red its’ u se. SBTi expects to i ssue a f irst d r aft by Ju ly sett i ng out deta i ls of when c red its may be u sed. “W hi le recogn i z i ng t h at t he re i s an ongo i ng healt h y debate on t he s u b j ect matte r, SBT i recogn i zes t h at, w hen p rope r ly s u ppo r ted by pol i c i es, standa r ds and p rocedures based on sc i ent i f i c ev i dence, t he u se of env ironmental att ri b ute ce r t i f i cates for abatement p ur poses on Scope

incentive commission on traff ic citations w i ll only be g iven to them if the traff ic in their assigned location maintains a par ticu lar mov ing speed. If the enforcers concentrate on commissions and their location is marked by the GPS application as congested, they get no incentive comm i ssion. If t heir locat ion i s reflecting improvement in traff ic flow consistently, then they do not only get the commission but a city traff ic-f ree bonus. But beyond these management solutions, the worsening level of traffic need to be understood in a broader behavioral change context. Traffic is just a manifestation of our lack of clarity about laws and rules in our countr y. In a recent gathering,

a foreign businessman described his Filipino staff as good workers but he could not understand why they could not follow rules to the letter They always seem to see an option to or not to obey. Road usage is the same, red is stop—and if there is no one else crossing or there is no enforcer “then proceed.” The challenge runs deep in how people are learning both in homes and school. There is a Filipino saying— “sa mata ng bata, lahat ng ginagawa ng nakakatanda ay tama If ever yone is doing it, then this confused behavior is per petuating itself to the next generation. Ever yone needs a personal governance reform beyond what institutional reform can do. Dr. Alvin P. Ang is Chairperson of the Depart-

ITito Genova Valiente

ANNOTATIONS

WAS in my mother’s womb when a full solar eclipse occurred in this part of the world. The record online—and this is amazing— shows June 20, 1955. I was six months away from being born, and seeing this world that would witness at noon the sudden arrival of nighttime.

Science had already prospered in the ’50s. But the hard facts of that discipline had not fully arrived yet in the island of Ticao, or, for that matter in other parts of the Philippines. My mother used to recall that day. She was in school and when the eclipse happened, she was not allowed to step out of the classroom for fear that something would happen to her pregnancy. Or to that yet unborn child. She would tell us how Papa arrived with Petromax, a gas lantern known also as “ hasag” in the island. I could almost picture them: the young couple in the classroom wondering what was happening outside. The other teachers—the entire community in fact—were already outside looking at the phenomenon.

The memories of that day included how the noon weather began to turn a bit colder Was it their imagination? Then roosters and hens began to roost up in trees. The stars came out.

My grandmother had a different recollection. At the beach, where the phenomenon was being obser ved more fully, the old and even the younger women were turning hysterical. Some were cr y ing.

Nano daw mabalik pa an adlaw?

(Will the sun return?) Amo na ada ini an katapusan san mundo? (Is this the end of the world?) There were shouts: Magugunaw

na an mundo! (The world is melting!)

W hen the April 8 eclipse took place this week in some other parts of the globe, there were film clips of people out in the park awaiting the nat ural phenomenon. T his t ime, as the shadow of the moon passing between the Earth and t he Sun covered t he flaming sta r t here came what looked like an eternity (given its speed) of darkness. Then the jubilant cries picked up, rising on and on as the day turned into night.

T he photog raph s t h at were released were by far different from all the previous documentations of solar as well as lunar eclipses. There i s a spectac u la r i mag i ng of the slow movement of shadow captured by way of digital imaging and multiple exposures.

T h e r e i s a d i ffe r ence though between the scientific appraisal of things from how people inter pret those photos presented to them. Science stops where faith begins. Recall the time a distant galaxy was captured. On newspaper and magazine pages as well as online photographs showed cloudlike format ions, some w it h da rker hues and some in bright reds and som-

ber grays and blacks, with the most divine blues interspersed with what looked like white mysterious plumes.

Brave souls then came for ward to declare that God had shown Himself already in that photo from the vast outer space. There were many who supported this declaration and theorized the Divine as really the mighty expanding universe.

The truth is natural phenomenon is never natural; it is more a puzzle, a myster y, a question.

This was heartbreakingly human: for all the advancement of science and the breach of technologies with regard to what is dehumanizing or humanistic, an eclipse can bring us down literally to our knees.

We have always thought of our generation as being in control of many things. In our small city of

favored by some Christians. T his movement believes that, at a given time, the Dead will rise and join the living and together rise/fly to join the Almighty.

In so many ways, we were spared from the eclipse.

I wonder how my grandmother, Emilia, would have inter preted the eclipse.

W hen the Halley’s Comet reappeared in the sky, our father would wake us up to witness the phenomenon as it flashed its bright tail across heaven. She, our grandmother, would be there, more terrified than curious compared to us. For her the eclipse was no mere movement of the moon and the shadow cast by its action and the star with a tail, the comet, was an extraordinar y occurrence. They certainly were announcing the arrival of something bigger t han our reg u lar pa ins; those unusual events were foreboding of destructive forces.

Naga, with what was perceived as an imperfection of the weather-forecasting bureau the city is noted for its reliance on a local weatherman.

But when the earthquake swarm, a series of jolts occurred in the area, a significant amount of online conversation turned to the discourse of the Rapture, an eschatological position

The strong typhoons in the ’70s, the martial law and the series of disappearances and killings— they were, to our grandmother announced by the stars in the sky.

I think of them now: my grandmother, my mother, my father who braved the eerie darkness to guard her Lelay alone in that room, and all the loved ones who had crossed the threshold.

W here they are now, they must be looking from the Div ine Backstage where preparations for the next eclipse or the diagram for the plunging asteroids or the placement of comets are being rehearsed. T here they fear nothing of these, where science is but a speck in the tremendous expanse of a universe that is Chaos/Knowledge.

E-mail: titovaliente@yahoo.com

South Korea’s president suffers big loss in parliament vote

By Soo-Hyang Choi, Shinhye Kang & Sam Kim

SOUTH Korean President Yoon Suk Yeol suffered a major defeat in parliamentary elections that will leave him in a weakened position for the remaining three years of his term and facing greater opposition to his agenda that includes investor-friendly policies.

Yoon’s conser vative People Power Party-bloc is poised to secure about 105 seats in the 300-seat unicameral parliament, known as the National Assembly, down from 119 before the vote. The opposition Democratic Party-bloc is set to expand its majority with about 172 seats, according to more than 95 percent of ballots counted by the National Election Commission as of Thursday morning. The DP group held 169 seats before the vote.

T he Reb ui ld i ng Korea Pa r ty, launched by a former justice minister aligned with the DP has likely landed 10 seats, meaning the antiYoon alliance has gained enough legislative clout to bulldoze through its agenda without being hamstrung by filibusters.

Turnout was estimated at 67%, which would be the highest in 32 years, the National Election Commission said. It is the only national referendum during Yoon’s term.

With a continued majority, the DP-bloc can halt PPP policy priorities that include fiscal restraint, reducing regulations on businesses, taking on

labor unions and cutting taxes on real estate transactions. If the Democratic Party-led bloc reached 200 seats, it would have had the power to amend the constitution, override any presidential veto and approve impeachment measures— effect ively hobbl ing and perhaps even ending Yoon’s government.

Yoon won the presidential race in 2022 by the narrowest margin of any candidate and Park Won-ho, a political science professor at Seoul National University, said the results from the parliamentary elections indicate the president has been unable to expand his support base since then. “He should have tried to embrace the centrist voters” instead of wielding presidential power and using the veto to block initiatives from the opposition, Park said. “T his race was a hard one to win for the conser vatives.”

Shortly after exit polls were reported, cheers and applause erupted at an auditorium where Democratic Party candidates were watching the live broadcast of exit poll results. Meanwhile, Han Dong-hoon, who

and even brew you a cup of coffee at home. This is particularly useful for persons with disabilities, who do not always have someone with them to provide assistance.

Recognizing the power of technology and its critical role in the development and growth of industries, we included among the Pillars of the Tatak Pinoy Strategy” in Republic Act 11981 or the Tatak Pinoy (Proudly Filipino) Act, technology and innovation. The law tasks the Tatak Pinoy Council to coordinate with the De-

led the ruling party’s campaign for the elections, said the numbers were “disappointing.”

The results indicate that Yoon’s plans to abolish a capital gains tax on income from financial investments could be scuttled along with his flagship policy of boosting stock valuations via the “Cor porate Value-Up” program. That plan calls for offering tax incentives to encourage listed firms to improve their valuations, a measure that requires parliamentar y approval.

Stocks and the South Korean won have already started to retreat in recent weeks ahead of the vote amid concer n t he left-w ing opposition would score a major victor y. DP leader Lee Jae-my ung had proposed a total 13 trillion won ($9.6 billion) in cash handouts to citizens as a way to revive the economy while he was on the campaign trail. The Democratic Party has been looking to increase taxes on wealthy individuals and the chaebol conglomerates that dominate the cor porate landscape.

T he pa r ty h as battl i ng i mage problems, with its leader Lee in court the day before the vote for one of many hearings related to charges of graft, which he denies.

T he Reb ui ld i ng Korea Pa r ty, launched by Cho Kuk, a justice minister during the administration of Yoon’s predecessor President Moon Jae-in, declared “a victor y for our

partment of Science and Technology, the National Innovation Council, the Philippine Space Agency, public and private higher education institutions with reputable track record in scientific and technological research, and the relevant industr y groups to identify and advance strategic, marketdriven, and customer-centric R&D activities and technology transfer initiatives that are critical to achieve the objectives of the law. Technology and AI in particular will always be exploited and subject to unethical use. There is always the

people” after ex it polls projected he would grab 12 to 14 seats, which would have raised the chances of enough votes to enact i mpeac hment procedures. Cho left office in disgrace. He was charged and later conv icted of academic f raud and unlawful interference with a government inspection.

Sur veys conducted ahead of the election showed the top issues for voters were tackling inflation eating into paychecks, reining in housing prices and providing strength for the countr y’s export-driven and slowing economy.

Wednesday’s vote also took place as a prolonged walkout by trainee doctors upset over plans to increase med ical school seats clouded the race. Polls indicated the public was growing tired of the labor dispute even though it sided with the government’s plan to add more doctors. Of the 300 parliamentar y seats, 254 are settled by direct elections in constituencies and the rest are allotted by proportional representation. The term in office ends in four years. Yoon’s main foreign policy initiatives, which don’t require parliamentar y approval, are likely to be unaffected by the election results. These include closer security cooperation with the US and Japan, and taking a tough line with North Korea. With assistance from Alan Wong, Paul Jackson and Youkyung Lee /Bloomberg

danger of being over-dependent on technology and becoming lax. To some people, it has become an existential threat. The challenge now, as it always has been, is to use technology and AI for good.

Senator Sonny Angara has been in public service for 19 years—9 years as Representative of the Lone District of Aurora, and 10 as Senator. He has authored, co-authored, and sponsored more than 330 laws. He is currently serving his second term in

T hursday in Makat i C ity. “It’s a challenge but w ith the rate of development of infrastructure in par tnership w ith the gover nment, I think we can achieve that,” the SCMA P off icial said. Curay noted, however, t h at t he quest ion now l ies in by wh at yea r t he cou nt r y a ims to atta in a smaller sh a re of log ist ics cost out of t he total cost of a good, add ing t h at t he cou nt r y awa its t he release of t he Nat ional Log ist ics roadmap, an in it i at ive by t he gover nment and t he private sector

“We d id a collaborat ion w it h t he gover nment and private sector, even w it h t he Private Sector Adv isor y Cou nc i l, plus t he [Log ist ics Ser v ices Phi l ippines] LSPH and gover nment. Napresent na yung log istics plan,” Curay d iv u lged. “So collabo r at i ve a ng pa gpresent sa president. Hindi k o lang alam kung ano yung t i mel i ne. [So, t he presentat ion to t he president i s collabor at ive. I ju st don’t know wh at t he t i mel i ne i s],” he added. Curay, meanwhi le, sa id t he issue t h at must be solved in l ine w it h t he high log ist ics cost in t he cou nt r y is simple t his: “It’s always been inf rast ruct ure.”

“So a lot of t h at is t he c h allenge in inf rast ruct ure and of course, d ig ital i zat ion,” t he SCMA P off ic i al sa id. However w it h t he “constant” i nf r ast ru ct ure be i ng b ui lt i n t he cou nt r y suc h as bridges, he emph asi zed, “I t hink t h at w i ll g reatly redu ce log i st i cs costs right away. So t he bridges, t he development inf rastructure, t he roads and all of t h at fa r m-toma rket, it w i ll really help.”

For her pa r t, Depa r tment of Trade and Industr y (DTI) Undersec reta r y Ma r y Jean T. Pac heco also noted t hat inf rast ruct ure is t he top c hallenge in t he log ist ics sector

2-day transport strike set vs PUV modernization

By Lorenz S. Marasigan @lorenzmarasigan

TRANSPORT groups Piston and Manibela announced on Thursday a two-day strike set to commence on April 15, in protest against the government’s handling of the Public Utility Vehicle Modernization Program (PUVMP).

T his move comes as a response to recent statements by t he gove r nment, i nd i cat i ng t h at t h e r e w i ll be no f ur t her extension of t he f ranc hi se consol idat ion deadl i ne beyond Apri l 30. Meanw hi le, t h e c h a ir of t h e Senate Publ ic Ser v ices comm ittee, whi le conced i ng t he Exec ut ive’s prerogat ive to enforce deadl ines, wa r ned t h at t he consequences of an i ll-prepa red shift to t he PUV moder n i zat ion reg i me cou ld i nclude shor tages in public transpor t, whic h wou ld pose healt h haza rds to workers and commuters during ext remely hot weat her

In a phone i nte r v iew, Pi ston Deputy Sec reta r y General Ruben Baylon expressed st rong c rit ic ism of t he gover nment’s act ions, label-

ing t hem as oppressive. “T he gover nment of Ma rcos Jr is putt ing pressure on us,” Baylon sa id. “T he hea rings on t he PUVMP in Cong ress have not concluded yet, and our pet it ion aga inst it is st i ll pend ing in t he Supreme Cour t. Despite t his, t he reg ime is rushing to take away t he l ivel ihoods of d rivers and small operators.”

On Apri l 15, t he two g roups w i ll convene at t he Un iversity of t he Phi l ippines (UP) Di l iman and w i ll have a ca ravan going to t he off ice of t he Land Transpor tat ion Franc hising and Reg u lator y Boa rd (LTFRB).

Baylon noted t h at t r anspo r t coal it ions in Iloi lo, Cebu, Bacolod, Davao, Cent ral Lu zon, Bag uio, and Sout her n Tagalog w i ll also conduct their own strikes on the same dates.

“Routes w i ll be pa ralyzed,” he sa id. “We stand by our bel ief t h at t he LTFRB h as no right to remove our f ranc hises. Only Cong ress and t he Supreme Cour t can do t h at.”

LTFRB warning EARLIER, LTFRB Chair man Teofilo Gu ad i z III sa id operators who fa i l to meet t he indust r y consol idat ion deadl ine of Apri l 30 w i ll h ave t heir f ranc hises revoked. Indust r y consol idat ion refers to t he in it i at ive of t he gover nment t h at re quires PUV ope r ator s to for m cooperat ives or cor porat ions for t hem to ga in access to business f inanc ing to acquire moder n u n its. “It’s ev ident t h at t he Ma rcos adm in ist rat ion isn’t l istening to t he g rievances of t he t ranspor tat ion sector If t hey weren’t swayed by t he consecutive stri kes last year, we won’t hesitate to make

T hey w i ll also conduct a v ig i l in Mend iola u nt i l Apri l 16. T hey a re protest ing aga inst t he PUVMP ’s i ndu st r y consol idat ion requirement. T hey a re also call ing on t he gover nment to prov ide f ranc hises t h at h ave f ive-yea r val id ity periods.

Potential disruptions

THE impending strike raises concerns about the potential disruption to public transpor tation ser v ices, particularly for commuters who rely on jeepneys and other public utility vehicles for their daily commute. T he Depa r tment of Transportat ion (DOTr) h as yet to reply to t h e B usiness M irror s r e qu est for comment. However it issues a statement reiterat ing

to attracting foreign i nvestments. However, t he ir resea rc h showed more t h an just inc reasing FDIs, t he qu al ity of t hese investments is more impor tant in ensuri ng better and su sta i nable econom ic

By VG Cabuag @villygc

MONDE Nissin Corp., the maker of Lucky Me! Noodles and Skyflakes, reported a net loss of P625 million last year, narrower than the previous year’s P13.01 billion, mainly due to its vegan meat business.

Nissin’s controlling family shareholders, “such that retained earnings were minimally impacted at the level of the listed parent company.”

its meat alternatives business, under the Quorn brand, faced a challenging environment last year

This necessitated incurring a further impairment largely offset by the financial support offered by Monde

BALAI n i Fruitas Inc., a u n it of Fruitas Hold ings Inc., sa id its income last year surged by 58 percent to P59 m i ll ion f rom t he prev ious year’s P37 mi ll ion, despite t he i nc rease i n consu mer prices.

T he company sa id its revenues g rew at almost t he same pace and reac hed P535 m i ll ion f rom t he prev iou s yea r ’s P3 41 m i ll ion.

T hough com i ng f rom a low base, t h e company o u tpe r fo r med i ts ot her l isted peers, bot h i n ter ms of revenue g rowt h and net i ncome ma rg i n. “(The year) 2023 marked significant milestones for Balai as we passed 100 stores and the half a billion-peso revenue level. We continue to maxi-

“We believe a continued focus on cost reduction and improv ing efficiencies, aided by better trends in input costs, will reduce the risks of further substantial impairments.

Despite these continued categor y headwinds, our foodser vice business continues to perform well, showing

mize shareholder value by expanding intelligently and controlling our costs. We responded to the pandemic by acquiring Balai Pandesal and rolling out community stores and we are glad that this strategy paid off,” Lester Yu, the company’s president and CEO, said.

“We are now g row ing same-store sales by ea r n i ng c u stomer loyalty and constantly improv ing our product offeri ngs. We bel ieve we h ave also ba rely sc ratc hed t he sur face i n ter ms of prov i nc i al expansion and we h ave al ready sta r ted to bui ld capac ity to ser ve t his ma rket.” Its flagship brand Bala i Pandesal, reg istered sign i f icant same store sales g rowt h last yea r, t he

(a) 6-percent revenue g rowth for the year

“We expect a high single-digit revenue decline and approximately EBITDA [earnings before interest, taxes, depreciation and amortization] breakeven for the first quarter

Our input costs continue to improve, and we expect this to be reflected in our margins as the year progresses,” Soesanto said.

With the family’s support, the company’s attributable core income g rew 15 percent to P7.61 bi ll ion from the previous year’s P6.58 billion, mainly on the strong performance of its Asia Pacific branded food business.

Revenues for the year grew 8 percent to P80.17 billion from the previous year’s P73.94 billion.

For the fourth quarter alone, core income reached P1.92 billion, almost double from the previous year’s P958 million.

Revenues, meanwhile, rose 8 per-

cent to P20.52 billion from the previous year’s P19.04 billion.

For the year, net sales of its branded business went up by 12 percent to P65.94 billion from the previous year’s P58.55 billion. Its vegie meat business, however, fell 4 percent to P14.22 billion from last year’s P15.39 billion.

“During the first quarter, we expect low single-digit revenue growth, partly due to the timing of the Holy Week holiday in the Philippines, and a robust gross margin improvement of more than 600 basis points yearover-year and more than 300 basis points sequentially,” Soesanto said.

For the year, the company is allocating some P7.21 billion in capital expenditures (capex), almost double than the previous year’s P3.64 billion.

The bulk of the capex will be for building capacity and capability for its branded business and only P1 billion for its vegan meat business.

with the

executed

company sa id. It i nc reased its sales by ga i n i ng more repeat t ransact ions among c ustomers i n t he commu n it ies where t hey a re located.

Bala i Pandesal also i nt roduced several new baked goods in its menu and w idened t he c urated select ion of t hird-pa r ty goods i n its stores.

Meanwhi le, Bu ko n i Fruitas and Fruitas House of Desser ts benefited f rom i nc reased foot t raff ic i n malls and food cour ts.

T he company also cont inued t he expansion of its reta i l network, add i ng 20 stores i n t he yea r, to end 2023 w it h 118.

Ot her st rateg ic i n it i at ives also cont ributed to t he company’s sign i f icant sales g rowt h , i nclud i ng d i st ri b u t i on of Bala i P andesal baked goods in other Fruitas stores, belong i ng to its assoc i ates, i nc reased e- commerce sales t hrough t he Fruitas Group’s website and t hird-par ty agg regators, and t hirdpa r ty moder n t rade d ist ribut ion, pa r t ic u la rly i n Cebu

shore private

fund covering the

T he company posted a g ross p r of it ma r g i n of 51 pe rcent i n 202 3 , only ma r g i nally lowe r t h an 2022, desp ite t h e escalat i on i n costs of r aw mate ri als and ot he r d irect expenses. T hi s was ac hieved t hrou g h tact ical but l i m ited p ri ce i nc rease, b ut more i mpor tantly, t hrou g h c h ange i n p r od u ct m i x, towa r ds hi g h e rma r g i n p rodu cts. VG Ca bu ag

of redeemable perpetual securities of the power firm amounting to $800 million. The agreement is still subject to certain closing requirements. No other details were provided as of press time. According to the Energy Regulator y Commission (ERC), the power business of SMC was the second most dominant player last year with a market share of 19.78 percent, representing an installed capacity of 5,057 megawatts (MW). Its market share in Luzon, Visayas, and Mindanao stood at 25.48 percent, 4.12 percent, and 8.12 percent, respectively.

Aside from leading the power generation industr y, San Miguel Global Power is also a strong player in the

industr y of power distribution and batter y energy storage in the Philippines. The company continues to venture in innovations and technologies that will change the Philippine energy mi x and help the countr y achieve a carbon-neutral economy. Last mont h , SMG P fo r ged a $3 3-billion power deal with Pangilinan-led Meralco PowerGen Cor p. (MGen) and Aboitiz Power Cor p. to boost energy security in the countr y. Unde r t h e deal, MGen and Aboit i zPowe r w i ll joi ntly i nvest in two of SMGP ’s gas-fired power plants—the 1,278 MW Ilijan power plant and a new 1,320 MW combined cycle power facility which is expected to start operations by the end of 2024 – and together with SMGP

Tax take rises 24% Y-o-Y

‘Price devt needs close monitoring’

By Cai U. Ordinario @caiordinario

THE high-than-expected inflation print in the United States could significantly delay the decision of the US Federal Reserve to cut key policy rates, according to the Asian Development Bank (ADB).

Given t hese developments, cent ral

UNDER its “Board and Executive Leadership” monthly learning series, the Philippine Council of Associations and Association Executives (PCAAE) recently held a webinar on “Leadership Elevated: Transforming Managers into Visionar y Leaders,” conducted by Dr Celia Chomón Zamora, CAE and director of the Professional Learning and Certification for the American Council on the Teaching of Foreign Languages (ACTFL).

W hile there are several essential traits of a visionar y leader Dr Zamora identif ied f ive key traits from which I coined the acronym “EVISA”: 1. Empathy. T his is essential for understanding and motivating diverse teams. Studies show association leaders who practice empathy towards their members, stakeholders, and staff see an increase in job performance and engagement levels.

Visionary leaders foster an inclusive environment where diverse perspectives are valued, and teamwork is encouraged. By building strong relationships and partnerships, they amplify the association’s impact and reach

Octavio

ger US interest rates would add 0.15 percentage points to inflation in high-income technology exporters and other developing Asian economies relative to the baseline in 2024 and 2025 and the effect would subside by 2026.

T he ADB sa id ga i ns i n compet it iveness due to exc h ange r ate effects i n a hi g her -for -longer scena rio a re est i mated to add a rou nd 0.05 percentage poi nts to g rowt h relat ive to t he 2024 basel i ne for hi g h - i ncome tec h nology expor ters,

rates in the US and euro area would have a marginal impact on the inflation outlook for developing Asian economies while the growth outlook would be less affected.

It estimated that higher-for-lon-

ASIAN central banks may have to consider the possibility of fewer or no rate cuts this year after stronger-than-expected US inflation drove markets to push back the probability of monetar y policy easing in the world’s largest economy.

Data on Wednesday showed a key US price gauge topped forecasts for a third straight month in March, sending the dollar surging and spurring traders to bet the US Federal Reser ve will now cut just once, or probably twice, this year At the end of March as many as four rate reductions were priced in.

That, in turn, had ramifications across Asia where markets now see, on average, one cut within a year, from two earlier

“Asian central banks have to be cognizant of interest rate differentials and risk of stronger US dollar for longer,” said Sonal Varma, chief economist, India and Asia ex-Japan for Nomura Holdings Inc. “Fed repricing and strong dollar are also occurring in the backdrop of higher oil prices. So this has increased the bar for rate cuts in Asia.”

Indonesia is seen as the “most sensitive” to Fed policy changes, followed by South Korea, Varma said, adding that Nomura recently reduced the quantum of rate cuts it expects this year in Thailand, Indonesia and the Philippines to 50 basis points, from 100 earlier Barclays Bank Plc’s Bum K i Son sees the risk of a rate hike from Bank

Dr Zamora gave two examples:

(a) Brené Brown, a research professor and author known for her work on v ulnerability and leadership, on how the power of v ulnerability highlights the importance of connection, courage, and authenticity, which are critical for visionar y leadership; and

(b) Satya Nadella, whose leadership at Microsoft encourages employees to learn from their experiences and from each other, promoting an environment where v ulnerability is not seen as a weakness but as a stepping stone to innovation and growth

3. Innovation. Visionar y leaders are characterized by their ability to foresee future trends and leverage these insights to advance innovation within their organizations. They embrace innovation and encourage a culture of creativ ity w ithin the association. They are not afraid to c h allenge convent ional w i sdom, explore new ideas, and experiment with novel approaches.

2. Vu lnerabilit y. Vu lnerable leaders do not shy away from admitting they do not have all the answers, which invites collaboration and innovat ion f rom t heir teams. T his v ulnerability promotes a culture of trust, where taking calculated risks and learning from setbacks are valued as part of the journey towards achieving visionar y goals.

4. Strategic thinking. A v isionar y leader thinks several steps ahead, aligning their organization’s goals with future market demands. They are adept at scenario planning, a technique that has been used effectively by companies to navigate through various global economic crises. Through strategic planning and foresight, a visionar y leader charts a course that ensures that the association remains relevant and impactful in a rapidly evolving environment.

5. Authenticity. Authentic leaders are true to their values and beliefs, and they lead with integrity. They are consistent in words and actions, which earns them the respect and loyalty of members and stakeholders of their associations. Associations, whether they represent industries, professions, or communities, require visionary leaders to navigate complexities, drive progress, and inspire collective action towards shared goals. By embodying EVISA traits, association leaders can navigate complexity, inspire innovation, and empower their organizations to thrive in an ever-changing world.

Octavio Peralta is the founder and volunteer CEO of the Philippine Council of Associations and Association Executives, the “association of associations.” The views he expressed herein do not necessarily reflect those of BUSINESSMIRROR. E-mail: bobby@pcaae.org.

Indonesia if the rupiah stays above 16,000. At the same time, he sees “ver y low chance” of a near-term cut by the Philippines and for Singapore and Malaysia to stand pat all of this year

For Australia and New Zealand, the pull back in Fed rate pricing has further cemented expectations for higher-for-longer interest rates.

Royal Bank of Canada’s Australia Chief Economist Su-Lin Ong had long said she expects the RBA to be the last of major central banks to cut rates.

SBy Butch Fernandez @butchfBM

ENATOR Sher win T. Gatchalian urged taxpayers to file their income tax returns as the April 15 deadline for filing approaches.

T he principal author of the Ease of Pay ing Taxes Act (EOP T), Gatchalian assured taxpayers that f u lf i lling their obligation w i ll become much easier mov ing for ward.

T he Bureau of Inter nal Revenue (BIR) has issued Bank Bu lletin 202402 on Apri l 1 d irecting all BIR authorized agent banks to accept all printed copies of electronically f i led tax retur ns or payment for ms thru eBIRFor ms and the correspond ing payment of taxes due.

“Now that the EOPT measure has already been enacted into law, we are confident that the process of filing income tax returns will be so much easier for our taxpayers,” said Gatchalian, who ser ves as chairman of the Senate Committee on Ways and Means. He explained that the measure allows the f i ling of retur ns and payment of taxes electronically or manually w ith any authorized agent bank, or revenue d istrict off ice through a revenue collection off icer or authorized tax software prov ider

A i med at moder n i zi ng tax adm i n i st r at ion, t he EOP T meas ure is expected to enhance compliance and revenue collection that wou ld ensure the avai labi lity of f unds for mu c h -needed i nf r ast ru ct ure and poverty-alleviating programs, Gatchalian said.

Accord ing to him, institutionalizing d ig italization of the countr y’s tax collection system as prov ided by the EOP T law is expected to improve eff iciency in tax collection and signif icantly reduce tax avoidance.

For 2024, the BIR has set a tax revenue collection target of P3.05 tri llion f rom a total collection of P2.53 tri llion in 2023

“We hope that tax compliance and, in the process, tax collection wou ld improve g reatly once the prov isions of the EOP T law are implemented f u lly and comprehensively,” Gatchalian said.

“Importante na mag ing mas madali para sa ating mga taxpayers ang pagbabayad ng buwis at kailangan ding sumunod ang mga taxpayers sa pag tupad sa kanilang obligasyon sa gobyerno,” he added. [It is impor tant to make it easier for our taxpayers to pay taxes and taxpayers must also comply in f u lf i ll i ng t heir obl igat ions to t he gover nment.]

In a note on Thursday, Ong said she sees the risk of an even later start to the RBA’s easing cycle and one that is more prolonged. “Markets are largely priced for this and indeed may well take out all RBA easing in 2024 and push it into 2025,” she said.

Prashant Newnaha, Singaporebased senior Asia-Pacific rates strategist, said there is ver y little that regional central banks can do in the face of a rising greenback and persistent US inflationar y pressures. “There is little regional central banks can do but slow the pace of c urrency deprec i at ion. However fundamentals don’t warrant them stepping in at the moment,” he added. Bloomberg News

Relationships

YES, you read that right. That wonderful actor with the distinctive drawl and voice is my nightly bedtime companion. Not physically of course, silly. But almost every night, I listen on my iPad to a bedtime story which McConaughy narrates. I discovered his bedtime story (and a few more from other actors and celebrities such as Idris Elba—woohoo!) from the Calm app to which I used to subscribe. It’s not that I have insomnia, but there are nights when I have trouble falling asleep even when I actually feel sleepy. Or on other times, I have di iculty falling bac to sleep a ter wa ing up for a visit to the bathroom. nd o ten, the bedtime story wor s. To this day, I don’t now how the story actually ends, as I on out midway through the actor’s narration. ll I now it starts with a young girl loo ing at the evening s y (when she’s supposed to be asleep already) and watching out for shooting stars with her grandfather, most li ely an amateur astronomer. s they sit on the swing bench on the house porch, the id, her stu fed toy and randpa tal about her an ieties about the future, and he assures her that it is more important at times to pay attention to the present. on’t as me any more details because by this part of the story, I’m already fast asleep. When I’m not in the mood for McConaughy, I listen to a Deep Sleep playlist on Spotify. The playlist is comprised of ambient tunes, which are instrumental music mi ed in with soothing sounds from the environment li e waves gently rolling on the beach, or rainfall. This type of music helps ease the mind into a less active state, evo es happy memories, and thus

helps the listener to rela into a calm and sleepy state.

I got to thin ing about my sleeping habits when a media colleague posted about her insomnia and people—whom she only new virtually—messaging her at odd hours. I did share my own sleep formula with her but, alas, her insomnia may be better helped by other methods.

Here are some sleep tips: Keep the bedroom just for sleeping. O ay, and other, ahem, nocturnal activities. It’s better to leave the TV in your living room or entertainment area. If you must wor , or want to watch some entertainment, do it in your other rooms. This helps train your brain to be on active mode in these other

1.6M plastic bottles kept from entering the ocean in partnership

POPULAR Filipino beauty company Ever Bilena Cosmetics Inc. is redefining what it means to be beautiful. In a groundbreaking partnership with Plastic Bank, they’re actively creating a more beautiful world, free from plastic pollution and empowered by sustainable practices. This collaboration resonates deeply with Ever Bilena’s

purpose statement, which states: “We are dedicated to creating a beautiful world and empowering people to lead beautiful lives that transcend beyond the ordinary.” Their commitment to sustainability isn’t just a tagline; it’s a tangible action embodied in this partnership.

Plastic Bank, a Vancouver-based social enterprise, tackles two critical issues simultaneously: ocean plastic pollution and poverty in developing communities. They build recycling ecosystems where plastic waste becomes valuable currency, providing income and essential benefits to people while preventing plastic from reaching our oceans.

Through this collaboration, Ever Bilena has already stopped 1.6 million plastic bottles from entering the ocean. This impact is a direct reflection of Plastic Bank’s mission of collecting plastic within 50 kilometers of waterways, and stopping ocean pollution at its source.

“Ever Bilena is fully committed to our sustainability initiatives. We consider this a core value and is also a key factor in our corporate strategy and mission,” says Denice Sy, chief sales and marketing officer of Ever Bilena Cosmetics Inc.

Ever Bilena’s partnership with Plastic Bank is also aligned with the Extended Producer Responsibility (EPR) Law, which holds companies accountable for their plastic footprint throughout the product lifecycle.

spaces, and go to sleep mode when you enter your bedroom in the evening. it h o f our mobile phone s Or at least put them on silent, so your sleep is uninterrupted by ring and message tones. Many phones have a “Do not disturb” mode, which you can switch on and input your sleep schedule. (It also wor s for other routines li e driving, wor ing, e ercising, etc.) Better yet, leave the phones out of your bedroom during your sleeping hours.

Keep it cool. For many women at a certain stage in their life, the right temperature matters. So it may be best to switch on the airconditioner and lower the bedroom temperature to help lull you to sleep.

Personally, I eep mine aircooled between and Celsius, mostly during summer. There are also some portable electric fans with cooling mists humidi iers, which employs water and ice cubes, but I can’t verify if those will wor throughout the night. (My own Dowell with those functions bro e down in less than a year of use. So, bleeah.)

Dim the lights. Or, better yet, switch o f your bedroom lamps when it’s sleepy time. ight, arti icial or otherwise, ma es your body thin it’s day time so it eeps you awa e longer. The same can be said of blue light, which comes from computers and your iPads/tablets. So it’s best not to use the latter to read or stream movies before sleeping. In my case, I use an eye mas to help ilter any light. I also hang dar curtains on my windows to eep my bedroom almost pitch blac , so I can sleep through the early morning hours until I’m ready to face to world. r medit tion. side from listening to so t music that promotes deep sleep, you can also ind playlists on your favorite music apps that o fer guided meditation pieces that help rela the mind and body to prepare you for sleep. Much of it has to do with breathing techniques, while the narrator suggests visuals that bring the mind to pleasant and serene locations.

let

excess and overreacting become your downfalls. Your numbers are 9, 16, 21, 28, 35,

46. Attend a reunion or event that connects you with people who share your interests or background. Offering insight will open a two-way conversation that will enhance your beliefs and add value to something you want to pursue. Romance is favored.

Don’t promise more than you can deliver and you’ll do remarkably well. Opportunities are heading your way, and picking up skills will position you for success. Update your resume or find a new way to promote what you have to offer.

Refuse to let anyone take over or ruin your day. Go where the action is and show everyone what you have to offer. Someone you least expect will show signs of jealousy. Don’t give anyone the chance to put you down or damage your reputation.

Money, contracts and negotiations matter. Don’t put your future in someone else’s hands. Take the initiative and be bold, and you will get what you want. Now is not the time to be shy; it’s time to build confidence by showing everyone what you can offer.

Don’t reveal too much information. Show compassion and be a good listener, but keep your personal life and opinions to yourself. The best way forward is to use your charm and skills to help. A reunion or chance meeting will lead to an exciting friendship.

Research will lead to something new and exciting. Taking an active role in your community will encourage networking and the potential to get ahead through the connections you make. Question the validity of something someone close to you says.

Don’t settle for less when you want more. Align yourself with people who share your concerns and interests and offer benefits to help you reach your objective. Stop vacillating; take control and put your plan in motion. Love is on the rise.

Be aware of how others react. An emotional incident can influence a change you want to pursue. Make it clear what you are willing to bring to the table to make your plan work.

Push hard for what you want, but don’t promise something you cannot honor. There will be a fine line between truth and false information, making it vital that you are clear regarding what you are willing to do and what you expect in return.

Don’t engage in extravagant pastimes. Stick to a healthy, moderate lifestyle. Stay focused on being positive and achieving something that will help you advance.

Emotional situations will escalate quickly. Avoid joint financial ventures, lending to or borrowing from a friend or relative, and shared expenses. Concentrate on personal gain, self-improvement and finding out the truth or facts before you share information.

Pay attention to detail. Put your energy into something meaningful. Say no to those trying to lead you astray or taking advantage of what you have to offer. Use your discipline, connections and money to further your goals.

You are outgoing, helpful and courteous. You are prompt and motivated. TODAY’S HOROSCOPE By Eugenia Last

Show

‘Daig Kayo Ng Lola Ko’ marks magical comeback this April

episode titled “Smart Fam,” headlined by abby Eigenmann as Owen and ochelle Pangilinan as Cherry. Also oining them are onia Me ia as Elsie, Sienna Stevens as Annie, and Matt o ano as Apol. Owen is an insurance agent who wor s from home. He ta es care of his daughters, Elsie and Annie, while his architect wife Cherry is usually away from them. Owen and his children share a love for smartphones. Sooner or later, their addiction to gadgets begins to a fect their family. The second part airs this April Ne t on the fresh lineup of Daig Kayo ng Lola Ko is “Mga Hero ni iro.” Set to banner its three episodes are Althea Ablan as Winnie and ephanie as ucy, together with Marco Masa as iro. Completing the cast are Chuc ie Dreyfus as Dudut, Ariel Villasanta as Manolo, Sean ucas as Marcus, and eleen Eugenio as Linda. irl scouts Winnie and Lucy had sacri iced their lives to save people trapped in a ire in their school. To commemorate their courage and heroism, the school built them a monument.

Twenty ive years later, a student named iro becomes a victim of bullying. As he cries in front of the sisters’ monument, his tears surprisingly turn the bron e statues alive. Later on, iro as s for Winnie and Lucy’s help to turn him into a brave man. In return, the sisters request iro to get close to their sic and lonely mother, Linda. However, iro is afraid of the infamous Linda, whom people consider a witch. How can Winnie and Lucy help iro stand up against the bullies Will he inally be able to show bravery and compassion to strangers li e Linda Daig Kayo ng Lola Ko is under the supervision of the MA Entertainment roup headed by SVP for entertainment group Lilybeth asonable. The upcoming episodes are the product of MA’s creative team led creative director Aloy Adlawan.

Don’t miss the new episodes of Daig Kayo ng Lola Ko under the helm of ico utierre , every Saturday at : pm on MA Networ

Acting pilgrimage in ‘The Miracle Club’

TO the devout Catholic, the ilm The Miracle Club could be a letdown. There is no real miracle in the ilm, as in the crippled being able to wal or the blind regaining his eyesight. For the cineastes, however, there is a true miracle in the performances of the actors—all of them—as they lesh out characters whose quir s and brightness are so incandescent, one should ind glory in the manifold acting unfolding on screen.

But, maybe, there is a miracle in the ilm a ter all. h, but this is going ahead of our pilgrimage. n a seemingly wind swept road, an old lady prays before a photo of a handsome young man tuc ed on a wall. She is ily Fo , the mother of Declan whose faded photo we are shown. The lowers she o fers are both for her son and the icon, the very familiar ady of ourdes.

ruc us is happening in the home of Eileen Dunne. She has held up the line to the bathroom that day as she dresses up in a dress the te tile of which is a cross between a thic Belgian tapestry and a settee cover. She comes out, her eyes sharp from the thic eyeliner and her lips as red as her insouciance. Her children and grandchildren gasp in unison, whether it was of approval or disgust no one dares tell this grand (as in voluminous) mother.

In another home, a more hostile response is given by Dolly Hennessy’s husband. She is dressing up in the same fashion as Eileen’s.

Why the similar costume The three girls are all gearing up for a competition in their small Irish town, the pri e of which is a trip to ourdes in France.

Welcome to the Miracle Club.

The singular fund raising pro ect has been initiated by their friend Maureen hearn, who, when the ilm opens, has passed on and is being wa ed. s the three ladies are introduced, a counterpoint scene ta es place: this is Chrissie hearn traveling all the way from the S to Ireland to ma e it to the funeral of her mother. Her return home, however, will open old memories full of deep pain.

That is the only real con lict in the narrative of The Miracle Club. A reconciliation, which is not hard to come by, can easily solve that con lict and we are on to a happy ending. Not a bright prospect for the audience to be engaged with the ilm, is it

Then there are other personal health problems of two characters and they require clear solutions from the miraculous bath of ourdes. One is the lump on the breast of Eileen, and the other is the ability of Dolly’s little boy to spea

Do they su ice to challenge the title of this ilm

The healing of any sort is not the point of this charming little ilm. As Fr. Dermot puts it in so many words, one does not travel to ourdes to see miracles but to ind ways of coping when no hard miracles ta e place. The curative powers, if we are allowed to ponti icate a bit, is in the magni icent portrayals

essayed by the actors themselves. Thin of a cast that includes Maggie Smith, athy Bates and aura inney. It is a sheer miracle that this small piece does not sin with the combined gravitas of the three. Overcoming their own histories of accomplishments, the three—together with the supporting actors— manage to so ten their histrionics, as they ease into the warm, lawed and magical psychologies of the persons they depict.

A ter some minutes or so, one is bound to notice how the ilm has told a story of misunderstanding, abandonment and dramatic return using the quietest of dialogues, and scenario a ter scenario of muted splendor. inney has a tear always ready to fall from those eyes who, for all the human frailty of friends who would not understand, does not have the heart to confront any of her mother’s friends. athy Bates, always the toughie, is still a goon in this ilm but when she becomes so t, we are almost compelled to embrace her.

What can one e pect from Maggie Smith She is old here but her presence has never waned nor will it succumb to any wea ening. She delivers lines as

Beyoncé becomes first Black woman to hit No. 1 on Billboard country albums chart

NEW YO —Beyonc has made history once again. Her latest album, the epic Act ll: Cowboy Carter, hit No. on the Billboard country albums chart, ma ing her the irst Blac woman to top the chart since its inception.

o outside ideally for daily light for minutes without loo ing at the sun hours before preferred sleep. For instance, begin at am if you desire regular pm sleep. Some gentle indoor light for or so minutes before that is ine, much as light gradually accretes with sunrise.” (tinyurl. com/288hwzrj)

Even us we put focus on our careers, family, and friends, we also must strive for self care. And getting enough sleep is a ma or part of ensuring we are well enough to accomplish all that we need to focus on. Well...alright, alright, alright.

The album also topped the all genres Billboard 200, mar ing her eighth No. album. According to Luminate, the industry data and analytics company, Cowboy Carter totaled , equivalent album units, a combination of pure album sales and on demand streams, earned in the S in its irst wee As a Blac woman reclaiming country music, Beyonc stands in opposition to stereotypical associations of the genre with whiteness. Conversation surrounding Beyonc ’s country music e plorations began when she arrived at the rammy Awards in full cowboy regalia—ma ing a statement without saying a word. Then, during the Super Bowl, she dropped two hybrid country songs: “Te as Hold Em” and “ Carriages,” eventually leading to the release of Cowboy Carter.

In February, “Te as Hold Em” reached No. on the country airplay chart, ma ing her the irst Blac woman to top that chart as well. AP

always as if there is no other way to say them.

As Dolly, the mother of a mute angel, Agnes O’Casey is the reassurance in the story that miracles come in various forms. With her, we need to mention the di icult role of a priest, which always becomes a victim of sham sentimentality. As the very human Fr. Dermot, Mar O’Halloran is the most credible witness to many of us who believe miracles are necessary to strengthen faith. He will convince us miracles are unnecessary.

As I was watching The Miracle Club, I must admit I was in awe of the sight of ourdes in France. Trivia: as shooting in the pilgrimage site has always been restricted, press releases point to the fact of how the shrine and the place itself were recreated in an Irish studio, with some scenes green screened. Another miracle.

Jessica Alba steps down as chief creative officer at Honest, the personal care company she founded

ESSICA ALBA,

said in a prepared statement.

REVOLUTIONIZING MOBILITY: SUZUKI’S TECH AND VEHICLES AT MIAS 2024

SUZUKI Philippines recently geared up to participate once again in the premier motoring event of the year—the 2024 Manila International Auto Show (MIAS). Attendees enjoyed an impressive array of vehicles on display, along with enticing promotions.

Scheduled from April 4 to 7, 2024 at the World Trade Center and SM X Convention Center in Pasay City, this year’s MIAS was the most expansive annual automotive extravaganza to date. Suzuki proudly presented its popular models, including the Ertiga Hybrid, recently introduced X L7 Hybrid, S-Presso AGS, Dzire AGS, and both the three-door and five-door variants of the Jimny, at the World Trade Center.

The showcase highlighted Suzuki’s commitment to technological advancement, with a focus on three key concepts aimed at enhancing the driving experience and improving convenience. Among these is the Auto Gear Shift with Engine Auto StartStop system (EASS), an automated manual transmission, making driving easier like driving an automatic with the benefit of low fuel consumption equal to a manual transmission with a cutting-edge engine feature EASS designed to automatically

halt the vehicle when it detects stationary mode, thereby conserving fuel and reducing carbon emissions.

Furthermore, Suzuki will underscore its dedication to electrifying mobility through the spotlight on Hybrid Technology in the Ertiga and X L7 Hybrid variants. Additionally, the AllGrip Pro Technology, enhancing driving capability in challenging environments, will be highlighted through the Jimny three-door and five-door variants.

To provide attendees with an immersive Suzuki experience, test drives were made available at the Suzuki Test Drive booth throughout the event, offering the opportunity for inquiries and product discussions. There were also substantial promotions, as well as the Suzuki Safety Scout Corner, where children can enjoy games and informative activities while learning basic road safety tips.

Throughout the four-day affair, Suzuki hosted a variety of programs, including presentations of their car lineup, interactive booth games, and performances by guest artists, all aimed at elevating the overall experience.

As the largest annual automotive exhibition in the Philippines, the 18th MIAS sought to showcase the latest automobile technologies while providing invaluable insights into the market. For more information, you may check out any authorized Suzuki Auto dealerships nationwide or visit http://suzuki. com.ph/auto/. For daily updates on Suzuki, please like Suzuki Auto PH’s Facebook page at https://www.facebook.com/SuzukiAutoPH, follow them on Twitter at https:// twitter.com/SuzukiAutoPH and Instagram at @suzukiautoph.

Repsol

REPSOL, a global leader in energy and petrochemicals, has launched the first and only 7-liter gallon packaging for lubricants. The unveiling took place at the Manila International Autoshow (MIAS), demonstrating Repsol’s dedication to innovation and sustainability in the automotive sector.

The Manila International Autoshow’s main attraction was the debut of a new product. The audience was very impressed by its exceptional features and benefits. Repsol aims to revolutionize the way motor oil is purchased with this innovative packaging. Their goal is to improve convenience and deliver superior performance with each use.

Introducing the Newest Repsol Motor Oil Products:

Repsol Leader CI-4 10W30 7L

Produ c t s p e c s : Semi-synthetic engine oil offering maximum performance for diesel engines. Formulated for engines with Exhaust Gas Recirculation (EGR) and turbocharged diesel engines. Specially packaged for 4WD pickup trucks, MPVs, and SUVs. R a tin g s : ACEA E7/E5, API CI-4/CH-4/ SL

Repsol Giant 5510 15W40 CI-4 7L

Produ c t s pec s: Multigrade THPD lubricant oil meets the needs of the latest generation engines (ACEA E7 and API CI4) and outperforms SHPD. Recommended for EURO IV-compliant engines, vans, light trucks, and older SUV models.

Leader NEO 0W20

Produ c t s p e c s : 100 % synthetic lubricating oil for gasoline engine vehicles, offering excellent engine protection without compromising efficiency. Provides Fuel Economy and reduced CO2 emissions. Suitable for hybrid vehicles. API SP/SN PLUS /SN/ SM, ILSAC GF-6A

Repsol reaffirms its commitment to sustainability with the redesign of its packaging, using recycled materials whenever possible to contribute to a circular economy. This initiative underscores Repsol’s dedication to greater sustainability across the entire value chain, offering innovative and environmentally friendly solutions.

NUSTAR Max, the official online gaming platform of NUSTAR Resort and Casino, offers an extensive range of betting options with over 30 sports games and soon, live table games, e-games, and more. With state-of-the-art technology, leveraging from its iGaming partners and sports and e-games providers, NUSTAR Max promises to deliver an exciting, engaging, and immersive experience to its users while ensuring transparency, security, and fair play for all its patrons.

Summer Promo

NUSTAR Max will make everyone’s summer hotter by giving away free 200 credits starting April 6, 2024. Players can win over P1.5 million jackpot. To join, register now at www.nustaronline.ph or visit NUSTAR Max’s social media pages ( @ nustar.max) for more information.

Events and Activities

CATCH NUSTAR Max in all the Robinsons Malls near you for a chance to win exclusive merchandise.

Sign-up

hami Corporation, Taiwan Traveler Card Exclusive Online Authorization, 26 banks for redeeming reward points, X MART SMART Convenient Stores, JKO pay, and Line point. These collaborations provide X TURN users with a wide range of benefits and rewards. With over 310 thousand active members, 692 vendors, and a rapidly growing user base of over 13 million, X TURN is poised to revolutionize the e-commerce landscape

in the Philippines. Looking ahead to 2024, X TURN plans to implement a new 4D system to maximize member engagement. This system will focus on enhancing the overall shopping experience, increasing brand loyalty, and boosting revenue through targeted marketing strategies.

X TURN understands that simply putting out commercials is not enough to acquire members or create the utmost shopping experience and brand loyalty. By implementing the 4D user streaming mechanism, X TURN aims to quadruple the power of its marketing efforts, resulting in increased exposure, stronger brand loyalty, an enhanced shopping experience, and ultimately, higher overall revenue.

As X TURN prepares to launch in the Philippines, consumers can anticipate a new era of online shopping that combines convenience, rewards, and an unparalleled user experience.

Starting March 2024, the gaming platform has kicked off its first leg of the mall tour and will continue to reach you through the nearest Robinsons Malls in the following months. This month, NUSTAR Max will be in Robinsons Cainta, Luisita, and Lipa from April 12 to 14 and in Robinsons EDSA Galleria, Angeles, and General Trias on April 26 to 28.

Aside from giving away special items, NUSTAR Max representatives will assist you with a quicker and easier registration process at their booth. Stay tuned for mall activation schedules by visiting our website at www.nustaronline.ph and following us on our social media accounts ( @ nustar.max).

Partnerships

THE basketball fever continues as NUSTAR Max partners with two of the biggest basketball leagues in the country, the Maharlika Pilipinas Basketball League (MPBL) and the Philippine Basketball Association (PBA). Through this collaboration, the gaming platform aims to deliver exceptional sports entertainment by giving users direct access to thrilling basketball action. With this, NUSTAR Max will become the go-to destination not only for basketball enthusiasts, but also for all sports fans seeking unparalleled excitement and fun. For PBA and MPBL game schedules, follow our social media pages ( @ nustar.max).

By Jun Lomibao

FROM here on out, it will be time to give back to the sport that carved her a niche in sports history, time for family and time to learn how to cook and bake—finally, a dream she had since a decade ago.

It will also be all about learning to do business and invest in education to be a better sports leader.

“I have a lot of things to learn in life,” said Hidilyn Diaz-Naranjo, the Philippines’ first Olympic gold medalist in Tokyo 2020, in a 561-word message on her Facebook page on Thursday, a week after missing a ticket to Paris—supposedly her fifth straight Olympics—at the Phuket qualifier.

“The result was not according to what I wanted and planned. But Thy will be done,” Diaz-Naranjo began in her message she titled “Long post alert.”

“It was not my day and #Paris2024 is not for me,” she said.

BusinessMirror was able to chronicle in the flesh all of Diaz-Naranjo’s Olympic campaign—from when she was an innocent 18-year-old wildcard in Beijing 2008, in London 2012 when she bombed out with a “No Lift” effort to the silver medal in Rio de Janeiro in 2016.

In the year-delayed Tokyo 2020 on July 26, 2021, BusinessMirror witnessed Philippine history unfold at the Tokyo International Forum when then 30-year-old Diaz-Naranjo powered her way to the women’s -55 kgs of weightlifting gold medal, ending a campaign for the precious mint that started in 1924 in Paris.

“God prepared me for this, to be strong,” DiazNaranjo told BusinessMirror, in tears of extreme joy, moments after that enormous feat.

Now 33 and competing at -59 kgs—Paris organizers scrapped the women’s -55 kgs division— Diaz-Naranjo couldn’t keep up within the world’s top 10 in the division and finished just outside the Olympic standard at No. 11.

“We did great, we fought hard, and we did our best for our country,” she said in the same post. “It’s the end of my #Paris2024 Olympic journey, I will still lift, continue to lift, and inspire young Filipino Athletes to become Olympic Champions.”

She expressed her gratitude to the Philippine Olympic Committee and the Philippine Sports Commission, her Team HD, MVP Sports Foundation and dozens more, including her nutritionists saying “I learned to love the journey and develop a healthy relationship with food.”

It was lessons learned for the greatest Filipino athlete ever.

“I realized what is forever: and it is not FAME, not money, not even winning or losing,” she said. But God, family, and real friends. These are my FOREVER.” She added: “Winning is not everything; it is being on the platform and taking on the challenges that give inspiration to other athletes I served and will continue to serve my purpose in weightlifting, as I inspire many athletes to dream high, take the challenge, and work hard to achieve their dreams and never give up.”

“Just LIFT! You can do it,” she stressed.

The Olympics and weightlifting, she said, are not her everything.

“I sacrificed a lot of my time to train and sometimes I forget to enjoy the process because I am caught with the high expectations and high pressure of being an elite athlete.”

Family? Together, we’ll make memories and enjoy the time with them. I will have time to give back for the sports and weightlifting,” she added.

On line for Diaz-Naranjo and husband Julius is a fundraising weightlifting 101 for grassroots and her @HDweightliftingacademy. The one that got away won’t bother the national treasurer.

“I truly believe God has a better plan. I trust Him and for now, because of my love for God, weightlifting, my country and for all of you I will continue to LIFT everything - all in God’s hands!!!” she said.

Thank you, Hidilyn.

We’re in something of a funk–Cone

BBy Josef Ramos

Ginebra and Blackwater are in a threeway tie with TNT Tropang Giga from fifth to seventh place on 3-3 win-loss records behind San Miguel Beer (5-0), NLEX (5-1), NorthPort (4-2) and Terrafirma (4-4) and ahead of Magnolia (2-2), Meralco (3-4), Phoenix (1-4) and Converge (0-6). Their match is set at 7:30 p.m. after the Phoenix-Converge opener at 4:30 p.m. Cone expects his veterans to take charge to avoid another frustrating night.

“I have a veteran team which knows how to climb out of these things,” he said. “It may take a few games, but I’m confident we’ll right

the ship and be there come playoff time.”

The Gin Kings lost to the Beermen, 95-92, before that disappointment against the Dyip.

The Bossing are also coming off a string of frustrations after a 3-0 start in the all-Filipino tournament—they lost to NLE X , 97-103, Rain or Shine, 91-92, and Rain or Shine, 103-110.

The Fuel Masters are also hoping to squeeze out of the rut.

“We were hit by bad luck after losing some players to injuries. We need a win as simple as that to change our fortune,” said Phoenix coach Jamike Jarin, referring to injured Fuel Masters Jason Perkins, Tyler Tio, RR Garcia and Raoul Soyud. “We had some overall changes in our starters and rotations.”

they don’t lose two in a row.

Members of the UAAP Press Corps are in the mood to predict outcomes and possible scenarios, as a result.

Will the Lady Bulldogs regain the crown from the Lady Spikers this year? Will the Lady Spikers dominate again and keep the trophy in Taft? Some think the Golden Tigresses are due to not just play in the finals, but to win it all.

And there are those who see the Lady Tamaraws as dark horses who will defy the odds and upend predictions.

Julio Sampedro of Varsity Channel is going all out for UST. “It’s the most well-rounded team. Ang tibay nila sa floor. Their training camp in Japan helped a lot and maybe it’s their destiny. Their only enemy really is themselves.”

Lui Morales who writes for Spin.ph and Philstar.com thinks UST and DLSU will slug it out in the finals. “I think Coach Ramil De Jesus’s system still works and still counts a lot. The (Lady Spikers) always adjust ‘pag pinupukpok sila. They’ve

It’s Harmie, not Pauline or Princess, at Caliraya Springs

By Aldrin Quinto

AVINTI, Laguna—Harmie

CConstantino essayed another stirring comeback by quietly rising from three strokes down with a birdie-birdie finish to snatch the International Container Terminal Services Inc. (ICTSI) Caliraya Springs Championship title on Thursday. In a stellar championship flight featuring three Ladies Philippine Golf Tour Order of Merit champions, Constantino wound up eclipsing Pauline del Rosario and Princess Superal with a closing 69 highlighted by a monster putt on No. 17. That matched the week’s best at the tough course along Caliraya Lake, with Constantino the only player to finish in red numbers at two-under 214 in the tournament sponsored by ICTSI and organized by Pilipinas Golf Tournaments Inc.

Pint-sized but packed with talent, Constantino had a rather silent start and reached the turn at even par as the highly touted pair of Superal and Del Rosario took turns atop the leaderboard. The 24-foot-birdie on the penultimate hole put her in prime position for the back-to-back title runs, and a marvelous approach shot on the 18th left her a two-foot putt for birdie to seal her eighth victory as a professional.

Constantino was relieved and thrilled to convert on No. 17 after a less-than-ideal approach shot. “I didn’t think it would reach the green. But it did, so that gave me a good opportunity for birdie although it was pretty far, some 3 pins at the back of the flag,” said Constantino. “I just tried to hit it close but thank God it dropped.”

CAVINTI, Laguna—Clyde Mondilla rode the wind on a moving day and with a sizzling 67 took a one-stroke lead into the final round of the International Container Terminal Services Inc. Caliraya Springs Championship.

HARMIE CONSTANTINO snatches crown from three strokes down. u

It was another dramatic come-frombehind victory for Constantino, who ruled the Palos Verdes Championship last month by three after rallying from five strokes down.

Constantino’s win was worth P114,000, pushing to the background what started in the morning as a Del Rosario-Superal showdown. Del Rosario wound up alone in second place at even-par 216 after a closing 74, while Superal carded a 75 and ended up sharing third spot at 217 with Chanelle Avaricio, who came up with a 71 in the tournament backed by PGTI official apparel Kampfortis Golf. Competing in the Philippines while on break from the Epson Tour, Del Rosario looked set to retain the title she won last year, also while taking time off from the official qualifying tour of the Ladies Professional Golf Association.

Three bogeys on the first four holes of the back nine proved too much to overcome, however, as Del Rosario could only take back a couple of strokes with birdies on No. 14 and 16.

Mondilla grabs lead with sizzling 67

rounds, but Jahns’ situation was simply an unfortunate one.

Jahns left himself about 95 yards after a solid tee shot but found his ball in a divot, and he wound up hitting over the green into another bad lie and ended up with a double.

He quickly put that behind him and now focuses on mounting a final-round charge as he seeks his maiden title.

Twice winner on the Philippine Golf Tour in the latter half of last season, Mondilla on Thursday put himself in position for an early summer victory, three straight birdies from No. 14 propelling him to eight-under 208 with 18 holes to play.

“The winds make decision-making very tough,” said Mondilla, winner at Forest Hills and Del Monte last year. “On this course everything in your game needs to be clicking, good thing my tee shots were okay, I was able to execute.”

Big-hitting Keanu Jahns had a chance to rise to the top, but his impressive run that saw him move to five-under through 10 holes got marred by a double-bogey on the par-4 No. 18 for a 68, a stroke off pace.

The closing hole seemed to give the top pros a big challenge this time after yielding a bunch of birdies in the early

Czechs, Latvians prevail in Futures at Nuvali courts

“Just hit the fairway, hit the green, give yourself a chance to make birdie,” Jahns said. “Especially on this course because it’s very hard to control your distances even if you’re in the middle of the fairway.”

Aidric Chan was among those who suffered bogey on the closing hole, the second-round co-leader submitting a 73 that put him in joint third, five strokes off the pace.

Erstwhile co-leader Kim Tae Soo also 73 to stay tied with Chan and they were joined in third spot by Tony Lascuña who had a quiet twobirdie 70, and Eric Gallardo, who highlighted his 69 with an eagle on the par-5 No. 4.

Birdie on No. 2 and four straight birdies from the par-5 No. 4 got Mondilla going, but he fell into a maze of misfortunes starting on the ninth where he hit bogey and again on Nos. 12 and 13 before the sizzling finish.

Gwon Minwook of Korea was alone in seventh at two-under after firing a third-round 70. Aldrin Quinto

VACLAV KURKA and Krystof Oliva of the Czech Republic took down a weary pair

Sweden—Teddie Almblad Engvall and Fabian Isaksson—21-11, 21-16—in the second round of qualifiers for the FIVB Volleyball World Beach Pro Tour Futures at the Nuvali Sand Courts by Ayala Land in the City of Santa Rosa on Thursday.

The Czechs, who drew a first-round bye, made short work of the Swedish tandem which earlier played a tight opening match where they held off Germany’s Niko Meyer and Moritz Klein, 21-18, 21-16.

Toms Liepa and Esnests Puskundzis, the Latvian championship bronze medalists, also had a bye in the

shown that they still have what it takes to get to the finals, even with Angel Canino sidelined.”

But The Angel Factor is crucial as far as Lui is concerned. “If Angel can’t make it back, I think UST will win. They have the greater fire power, and let’s face it: Angel is the only one (on the DLSU side) na angat sa scoring. UST on the other hand has (Angge) Poyos, (Regina) Jurado and (Jonna) Perdido. In the setter position, (Cassie) Carballo for UST versus (Julia) Coronel for La Salle is also a plus for the Golden Tigresses. In a “duel to the death,” Coronel can still be tentative with her spikes, Lui says. So her choice for champion? UST.

Justin Valencia of Tiebreaker Times, a UST alumnus, thinks UST and NU will play in the finals. But when it comes to who will win all the marbles, he thinks the NU Lady Bulldogs will be it. “They’re strong. I don’t think they’ll let themselves be defeated. They’ve got the experience, and this is practically the same team that won the championship in Season 84. (Bela) Belen, (Alyssa) Solomon, (Camilla) Lamina, (Erin) Pangilinan and Cheena) Toring are practically the same people who brought back the volleyball crown to NU. I would like UST to win, of course, but I think NU will win the championship.” Norman Riego is picking NU as well. “Paangat na ang laro ng NU. Besides, even if Angel Canino comes back, I think La Salle will

first round and pulled off a 21-15, 21-19 victory over Japan’s Ryo Shindo and Shuma Watanabe.

New Zealand’s James Sadlier and Juraj Krajci held off Sweden’s Linus Isaksson and Theodor Grahn, 21-19, 21-19, in the event backed by Smart Communications, Santa Rosa City

Mayor Arlene Arcillas, Philippine Sports Commission, Philippine Olympic Committee, Senoh, Mikasa, Foton Motor Philippines Inc. and Seda Nuvali. Ryo Tatsumi and Shiro Furuta of Japan turned back Malaysia’s Ler Wei Chun and Looi Kai Xu, 22-20, 21-14. In women’s play, Rezija Puskundze and Loreta Cabule of Latvia shook off a dismal start to dispatch Korea’s Shin Jieun and Si Eun-Mi, 18-21, 21-13, 21-12.

have a hard time trying to integrate her again in the game.”

Philip Matel of Rappler studied the field a little deeper. “It depends on the seeding. If UST plays FEU (in the Final Four), it will be UST. If NU plays DLSU, and NU plays well, it will be NU. But if Angel Canino returns, that will be (a factor to consider). La Salle’s problem is the middle and the setter position. NU’s weakness is receiving, but Bela Belen more than makes up for that.”

As for UST, he thinks this is one of the best teams they have fielded ever. “They’re no longer the one-woman team they were during EJ Laure’s era. They’re also team-oriented and their coaching staff is a big factor,” says Philip. “UST has seasoned, all-star coaches—Kung Fu Reyes, Shaq De Los Santos and Lerma Giron—guiding the players in all departments.”

UST’s challenge is keeping leads. They have to do that more consistently to get the prize, cautions Philip.

As of last count, six of the UAAP Media Room denizens chose UST to be Season 86’s Women’s Volleyball champions. Three chose NU. But none of them are closing the door yet on La Salle.

One thinks FEU will still come through—against all odds.

And if Ateneo wins consistently while FEU consistently falters, the earlier predictions will have to be redrawn. It will be a whole new ballgame.

IN its second year of the MIAS exhibition, Hyundai Motor Philippines (HMPH) showcased two new additions to its growing lineup of exciting models in the country. Not just any models were revealed, but distinct models carrying the “N” badge representing the brand’s performance marquee—the Elantra N and the recently crowned 2024 World Performance Car of the Year, the IONIQ 5 N. According to HMPH, introducing the N Brand furthers HMPH’s commitment to innovatively transforming car ownership among Filipinos. No less than HMPH president Dongwook Lee led the presentation. “Since the N brand was founded in 2012, a tight-knit community of N-Fans has been formed. From racetracks and parking lots to car meets. So we look forward to starting our group of Filipino enthusiasts.”

The most advanced and balanced WITH roots originating from the Elantra N TCR, the Elantra N was created to translate

Hyundai’s motorsports-winning DNA into road cars that can bring out the fun in driving. This compact sedan demonstrates how N can perfectly balance daily and track driving. Form-wise, the newest iteration of the Elantra N features a lower and wider stance, a bolder front bumper design, and a black anodized emblem. N-specific red accents, such as the front/rear bumper strips and side sill moldings, are incorporated. Function-wise, front air vents are designed to allow better flow when cooling the braking system. Wider Michelin tires and 19-inch alloy wheels match the larger brake discs. A bridge wing-type spoiler wing is added at the rear for better aerodynamics and driving stability.

The new Elantra N has a power tilt & slide sunroof, wireless charging tray, and a 10.25-inch display with Apple Carplay and Android Auto connectivity. The display unit is linked to an eight-speaker Bose sound system. Moreover, the head unit has driver monitoring functions that enable unleashing the car’s potential through various configurations. Through the “Custom Mode” and N Button, it transforms the screen with

a motorsport-inspired graphic. Additionally, there is an “Active Variable Exhaust” for sporty sound. Other N-specific features are the steering wheel, shift knob, instrument cluster, infotainment systems and leather seats. Then, as far as everyday practicality goes, safety and comfort are enhanced.

Motivation comes from a 2.0-liter turbocharged gasoline engine generating 276hp, 392N-m of torque, and paired with an eight-speed dual-clutch transmission. Hyundai claims zero to 100 kph is achieved in 5.3 seconds thanks to the vehicle’s “Launch Control”—a technology normally used in racing to reduce wheelspin during hard acceleration from a standstill.

Impressively, there are three exclusive features, namely: the N Grin Shift (NGS), allowing a temporary boost in horsepower; the N Power Shift (NPS), provides a “push feel” during upshifts; and the N Track Sense Shift (NTS) automatically selecting optimal gear shift and timing.

Safety-wise, the new Elantra N is equipped with six airbags and Hyundai Smart Sense functions, including Blind Spot

Collision-Avoidance Assist, Manual Speed Limit Assist (MSLA), and Parking Distance Warning (PDW).

The new Elantra N retails at P2.738 million and is available in Atlas White, Abyss Black Pearl, Cyber Gray Metallic and Performance Blue.

The zero-emission N SETTING the new standard for both allelectric and high-performance driving is the IONIC 5 N. Along with the award-winning standard features, seamlessly integrated were race track capabilities.

The IONIQ 5 N combines the standard model’s patented Electrified Global Modular Platform or E-GMP with the N Brand’sBrand’s 3 pillars:

Corner Rascal-the body and chassis have been reinforced to provide higher rigidity and more responsive steering. An N Torque Distribution and N Drift Optimizer were incorporated to support these further. So users can maximize the rally-inspired dualmotor All-Wheel Drive system coupled with

sharper cornering.

Racetrack Capability-when N Grin Boost is engaged, it produces up to 640 hp, a top speed of 260 kph and takes only 3.40 seconds to boost from 0 to 100 kph. The N Battery Pre-Conditioning and N Race features help control energy usage to complement these.

The IONIQ 5 N also has industry-leading thermal management and regenerative braking.

Everyday Sportscar is made possible by state-of-the-art N E-shift and N Active Sound technology.

The IONIQ 5 N has undergone proportional adjustments, emphasizing the brand’s commitment to performance and circuitdriving potential. Compared to the standard trim, it is 20 mm lower, 50 mm wider, and 80 mm longer. Rolling on 21-inch alloy wheels and wrapped in Pirelli P-Zero tires, these complement the unique N-exclusive wheel arch moldings. Other N-inspired exterior elements are the front bumper and grille, which have additional cooling vents, air curtains, and active air flaps for better cooling and aerodynamic

efficiency. There is a noticeable “Luminous Orange” accent on it as well, extending to the side skirts. Additionally, there is an exclusive rear spoiler and rear diffuser for better airflow control. Other elements are the triangular High Mounted Stop Lamp (HMSL) brake light, black bumper cover with checker flag reflector graphics, and window wiper. Inside, there is the door scuff, metal pedals, and footrest. Apart from the signature N buttons, the steering wheel prominently features the N logo for the first time. The center console has been tailored for track driving with knee pads and shin support. As for the seats, they have been lowered and reinforced with bolsters to provide better stability during

NEW EV MODELS DOMINATE THE MIAS 2024 EXHIBITION

AFEW Electric Vehicles (EVs) made their way into the Manila International Auto Show (MIAS) a couple of years back. This year, more new players came to exhibit, resulting in a dominating presence in the recently concluded annual motoring event. Celebrating its 19th year as it widens its reach in the automotive industry, this year’s theme is “Bridging the Future.” MG’s fleet and the new IM LS7 AS an MIAS sophomore, MG showcased over 12 models, five of which are allelectric. The Chinese automaker asserted its dominance with many car lineups, the most out of any manufacturer present at the event, reinforcing its commitment to make a bigger splash in the Philippine auto scene moving forward.

The ZS EV, MG4 X POWER, and Cyberster lead MG’s charge toward a sustainable electric future. The ZS EV comes with a 130kW electric motor and 51kWh battery capable of driving up to 320 kilometers. On the other hand, the MG4 EV X POWER is a sporty, high-performance, all-wheeldrive electric hatchback with a 330kW motor pushing 429 hp and running on a 64kWh battery. Making its MIAS debut and official launch was the Cyberster’s first-ever all-electric roadster packing a 77kwh electric battery and an AWD Dual Motor. There is also the MIFA 9 large all-electric seven-seater luxury van with a 90kwH battery and packs with cutting-edge and high-tech features. The main event was the introduction of the IM LS7 all-electric crossover. Built under MG’s premium brand IM Motors, the LS7 generates 425kW of power and 725N-m of torque. The drive range is up to 530km on one full charge. The sleek-looking EV is 5.05 meters long, about 2 meters wide, and 1.731 meters wide, with a wheelbase of 3.06 meters. Inside the futuristiclooking cabin, the main highlight is the adjustable 42-inch triple screen. Regarding pricing, the ZS EV retails at P1,838,888, the all-electric roadster retails at P4.5 million, the MIFA 9 at P4.5 million, and the IM LS7 at P4 million.

MIAS debutantes

NEWLY established Seres Motor Philippines, under QSJ Motors Philippines, made its public debut as a new EV distributor. Some of its lineups were all-electric crossovers, starting with the compact Seres 5. It has a high-performance variant, Seres 5 SF, generating 430kW and 940N-m of torque.

Chery Philippines, meantime, displayed the e Q7 full-electric compact SUV capable of up to 500 kilometers of drive range. The new EV SUV has an L2+ semi-autonomous driving system, including a complete and multi-scenario Advance Driver Assistance system. It also has a Driver Monitoring System to monitor the driver’s state in realtime, providing safety and protection,

especially on long-distance driving. The e Q7 is pegged to be priced at P2 million. Jaecoo and Omoda also debuted by showcasing several models, primarily crossovers. Its lone all-electric model is the OMODA E5donning a futuristic design inside and out. Motivation comes from a front-mounted electric motor generating 201 hp and 340 N-m of torque. The total drive range is up to 430 km and can fast DC charging (30 to 80 percent in 28 minutes).

Another EV previewed was the Ytterby from the returning JAC Motors Philippines under the helm of Astara Philippines. JAC Motors’ battery electric vehicle boasts a top-tier compact design and a remarkable maximum endurance mileage of up to 505 kilometers drive range. Presenting an enticing blend of performance, cutting-edge technology, and eco-friendliness, it features a 12.8inch high-definition touchscreen, a 360-degree panoramic sunroof, and parking assistance; it sets a new standard in electric vehicle innovation.

Also made its first MIAS appearance was Hycan, from the dynamic partnership between GAC (Guangzhou Automobile Group) and Pearl River Investment Management Group.

Distributed locally by Transcorp, a subsidiary created by Sinoequip and Transequip, its lineup includes three EV models - the V09, Z03, and A06 Plus. The V09 luxury van generates 202 kW and 335 N-m of torque with up to over 600 kilometers of drive range. On the other hand, the Z03 compact hatch standard version has a 55.5 kWh battery capacity generating 135 kW and

AT the recently concluded Manila International Auto Show (MIAS), new brands of pickup trucks and off-road SUVs also impacted the highlycontested segments. One particular thing is that these newcomers are all from Chinese automakers. Not only has the choice been expanded, but the price points are also enticing, at least for the newly-introduced pickup trucks.

JAC is back RETURNING brand JAC Motors unveiled two models targeting different applications—the T8 Pro and T9. Both are designed for on-road and off-road applications.

First, the T8 Pro is highlighted by its commanding wide grille and sporty exterior design. Motivation comes from a potent 2.0-liter CTI engine generating 167 hp and 410 N-m of torque. Ground clearance is 210mm with a maximum wading depth of 1200mm. JAC Motors positions the T8 Pro for fleet owners and business operators.

Next is the sportier and dressedup T9, boasting a commanding fascia design highlighted by a pronounced grille. The interior features a laser brushed texture dashboard, a spacious 10.4-inch vertical screen, and luxurious premium leather seats. It is powered by the same 2.0-liter CTI engine, delivering 167 hp and 410 N-m of torque. Like its sibling, the ground clearance is 210mm with a maximum wading depth of 1200mm. Other features include multiple charging options, including

50w wireless USB, Type C, and 220V outlets.

JMC’s workhorses

JMC (Jiangling Motors Corp.) is another new player in the pickup truck scene

under the mobility company Astara Philippines. One of the two models, the Grand Avenue is the biggest in its class with striking aesthetics and large body.

Under the hood is a 5th Generation

PUMA 2.3-liter Turbo-charged diesel engine generating 174 hp and 450 N-m of torque. It is mated with a ZF eightspeed automatic with Select Shift transmission. Dimension-wise, it is 5,450 mm long, 1,935 mm wide, and 1,872 mm high, with a long wheelbase of 3,270 mm. Safety functions include the latest high-end tech & ADAS (Advanced Driver Assistance Systems). JMC also previewed the limited-edition Grand Avenue Sport in the 4 X4 A/T variant.

The JMC Vigus, meantime, is poised as JMC Philippines’ value-for-money model and a fuel-efficient daily driver.

Equipped with a 4D25 2.5 Turbo Diesel Engine, it delivers 128 hp and 315 N-m of torque. Considering its affordable package, this model is the prime choice for business fleet solutions. Backed by its time-tested legacy of success, the Astara-backed JMC venture is geared to transform the country’s pickup segment. As a pledge to provide lasting support, JMC Philippines introduces its groundbreaking 5-year/ 150,000km warranty and a revolutionary Lifetime Engine Warranty for all its pickup units. For pricing, the Grand Avenue 4 X 2 M/T retails at P1.221 million, the Grand

Avenue 4

at P959,000 and the Vigus 4 X4 M/T at P1.110 million.

Foton goes big FOTON Motor Philippines Inc. (FMPI) also revealed its biggest pickup trucks—the 2024 Tunland V7 and V9. Interestingly, both full-size pickup trucks are motivated by a turbo-diesel hybrid powertrain. Under the hood, the two share a 2.0-liter Aucan turbo-diesel engine fitted with a 48V mild-hybrid system. Power is 160 hp and 450 N-m of torque. The engine is paired with an 8-speed automatic gearbox with 4x2 and 4x4 options.

Dimension-wise, both pickups are 5541mm long, 2030mm wide, and 1905mm tall with a long 3355mm wheelbase. The ground clearance is 240mm high with a curb weight of 2,200 kg. Damping-wise, both trucks have front double wishbones and vary at the rear, with the V9 having a multi-link while the V7 is leaf-sprung. As for the pricing, the Tunland V7 4x2 A/T retails at P1.758 million, and the Tunland V7 4x4 A/T at P1.888 million. On the other hand, the Tunland V9 4x2 A/T starts at P1.788 million, while the Tunland V9 4x4 AT is at P1.998 million.

BAIC it is MULTIBRAND automotive distributor

United Asia Automotive Group Inc. (UAAGI) formally launched its newest brand, BAIC. Presented the BAIC

Colonnade are the rugged B40 Ragnar, the smooth and refined B60 Beaumont, and the luxurious yet highly-capable B80 Wagon—all of which are true bodyon-frame 4x4 SUVs.

The B40 Ragnar SUV is the rugged one from the group. Motivation comes from a 2.0-liter Aucan turbo diesel engine generating 380 N-m of torque coupled to an 8-speed ZF transmission and a BorgWarner four-wheel drive system. With removable roof panels, the B40 Ragnar SUV retails at P2.368 million.

Next is the B80 Wagon equipped with a 3.0-liter twin-turbo petrol engine producing 280 hp and 420 N-m of torque and mounted to a ZF transmission and electronic four-wheel drive system. The off-roader has a class-leading 39-degree approach angle, 25-degree ramp angle, and 33-degree departure angle. Inside is a touch of plush with a Nappa leather interior and surround sound system with a builtin subwoofer. The striking B80 Wagon retails at P4.398 million.

Last is the biggest B60 Beaumont, which is more than five meters long and has a seven-seater. Under the hood is a 2.0-liter diesel hybrid powertrain mated to an eight-speed automatic transmission. There are nine different drive modes and a full array of ADAS features for safety. The interior highlights the four-screen infotainment integration, 10.25” digital instrument cluster, and 12.8” infotainment screen. The audio setup is a 12+1 Infinity speaker system and active noise cancelling. The B60 Beaumont is priced at P3.188 million.

ACDelco introduces premium brake pads

MEANWHILE, ACDelco Philippines

recently introduced its latest range of

Story & photos by Randy S. Peregrino

MIAS 2024

SUZUKI PHILIPPINES PRESENTS REVOLUTIONIZED MOBILITY AT MIAS

SUZUKI Philippines Inc. (SPH) exhibited at the recently concluded 2024 Manila International Auto Show (MIAS) with a model lineup representing revolutionized mobility. The showcase highlighted the brand’s commitment to technological advancement, focusing on three key concepts to enhance the driving experience and improve convenience.

Among the tech advancements showcased were the Auto Gear Shift with Engine Auto Start-Stop system (EASS), the AllGrip Pro Technology, enhancing driving capability in challenging environments, and Suzuki’s mild hybrid system. Models on display

were the Ertiga Hybrid, the recently introduced X L7 Hybrid, S-Presso AGS, Dzire AGS, and the – three door and five-door variants of the Jimny.

The XL7, now available in Hybrid

Recently launched, the X L7 hybrid joins its standard sibling, the Ertiga, in the brand’s representation of sustainable mobility. Like the Ertiga Hybrid, the X L7 is powered by the Smart Hybrid Vehicle by Suzuki (SHVS). It is a lightweight and compact hybrid system known as a “mild” hybrid. The technique combines an Integrated Starter Generator (ISG), a 12-volt lithiumion battery, and a gasoline engine. Suzuki utilized the same 1.5-liter K15B petrol engine, generating 103 hp at 6,000 rpm and 138 N-m of maximum torque

at 4,400 rpm. It is paired with a four-speed automatic transmission.

The system’s primary function involves the ISG acting as the conventional alternator’s replacement while functioning as a generator that charges both batteries. More importantly, this mechanism is an electric motor that assists start and acceleration. In this case, the ISG helps the engine via a rubber belt. The ISG alone generates 1.768 kWh and 50 N-m of torque.

Meanwhile, the 12-volt lithium-ion battery supplies the ISG’s power, providing the motor assist. Further, it delivers power to the vehicle’s electrical components and stores electrical energy generated by the ISG. Through the engine auto stop-start system (EASS) function, electrical components get their juice from the batteries. Then, the ISG functions as a starter on a restart, seamlessly and quietly restarting the engine.

Besides the long list of convenience features, the X L7 Hybrid is built on a light yet highly rigid body derived from Suzuki’s new generation platformHEARTECT. This new continuous frame design increases underbody stiffness and effectively disperses impact energy to improve safety while reducing noise and vibration. In addition, the Total Effective Control Technology (TECT) disseminates collision forces across the vehicle frame to mitigate damage to the car and passengers. Other standard safety features are the Electronic Stability Program (ESP), SRS airbags, an antilock-braking system with electronic brake distribution, ISOFI X child seats, and the Hill-Hold-Control function.

The X L7Hybrid is available in standard SnowWhite Pearl, Metallic Magma Gray, and Brave Khaki Pearl colors. New two-tone colors available are Savanna Ivory Metallic/Cool Black Pearl Metallic and Rising Orange Pearl Metallic/Cool Black Pearl Metallic. The price starts at P1.252 million.

Two more doors for more space ALSO on display was the new 5-door Jimny, earning global recognition for its new and eyecatching boxy appearance, denoting better situational awareness. The new five-door version has a 2,590-mm wheelbase (340mm longer than the three-door version), totaling 3,820mm.

BAge-old ruling finally in force?

Y Monday, April 15, e-bikes and e-trikes—if plans won’t go awry—will be banned from major highways in the metropolis. Same with traditional tricycles.

That is actually a long-delayed implementation of an age-old ruling prohibiting battery/electric-powered, foot-powered and fuel-powered tricycles to use our national road networks—not to mention bicycles. But this rampant violation of the law has been a common sight in the Maharlika Highway from Manila to Bicol, from Manila to Laoag via McArthur Highway, from Manila to Zambales via Subic and from Manila to Cagayan Valley via Nueva Ecija for the longest time. Nerve-frazzling.

I believe that also holds true nationwide to include Visayas and Mindanao.

The overriding reason for the banning of said vehicles is, the danger they pose when ranged against bigger vehicles as they maneuver their ways in said road networks.At times, if not frequently, accidents are caused by tricycles and bicycles leading to loss of limbs, if not life.Always, a collision between cars/buses/trucks and bikes/tricycles results to deaths mostly to riders of bikes/tricycles.Mismatch.

But in fairness, lanes for the compromised vehicles (twowheeled, three-wheeled) must be ramped up (wake up, LGUs?), especially in the Big City where many users of this mobility are perennially challenged. Affected commuters have come to love

The main design highlights are the upright A-pillars and flat clamshell bonnet, unique fiveslot chrome-accented front grille design, and round headlamps. Of course, there is the front windshield with improved visibility and the side window’s dipped lines extending side visibility from the side. Moreover, those extended wheel flares complement the 15-inch dark metallic alloy wheels well.

The extended wheelbase of the five-door model has resulted in an expanded luggage area. With the luggage box from the three-door model removed, the area’s lowered floor height and increased depth now offer up to 211 liters capacity (with the rear seatback raised). Other enhancements include a luggage area lamp and the removal of the toolbox for simplified loading and unloading. Like the three-door model, the luggage area has an accessory socket.

The K15B series 1.5-liter naturally aspirated gasoline engine generating 101 hp at 6,000 rpm and 130 N-m of maximum torque at 4,000 rpm is retained. Available in four-speed automatic and five-speed manual transmissions, both 4x4 drive trains are equipped with Suzuki’s ‘All Grip Pro’ off-road function and part-time 4WD with lowrange transfer gear.

True to its off-roading DNA, the Jimny 5-Door utilizes a ladder frame—proven sturdier than a monocoque body to torsion built. Further, it has a long-stroke, three-link suspension and rigid full-wheel front and rear axles for solid traction on uneven terrains. Another impressive element is the vehicle’s 37-degree specialized approach angle, 28-degree ramp break-over angle and 49-degree departure angle for easy maneuvering over ridges and verticals.

Meanwhile, MIAS attendees were provided with an immersive Suzuki experience and test drives at the Suzuki Test Drive booth throughout the event, offering the opportunity for inquiries and product discussions. Substantial promotions and the Suzuki Safety Scout Corner were also provided, where children enjoyed games and informative activities while learning basic road safety tips.

Throughout the four-day affair, Suzuki hosted various programs to elevate the overall experience.

their mode of transport, which is, in the first place, environment friendly to their eternal credit. Their being zero-emission of poisonous particles is their No. 1 advantage over the fossilpowered vehicles that dirtily blot the urban landscape. Equal protection of the law must be the order of the day—at all times.

Vehicle growth

THE Philippines was second highest in terms of growth and third in volume production of vehicles among six Southeast Asian nations, as per data from Asean Automotive Federation.

February recorded 11,608 vehicles produced by the country, which is a 20.1 percent increase from the 9,662 units assembled in the Philippines in February 2023.

But, more importantly, that output made the country move miles ahead of fourth-placed Vietnam, which produced 7,282 units in the same period.

As usual, Thailand topped production with 133,690 units and Indonesia second with 88,715.

Malaysia had 65,611 units and Myanmar a mere 41, although Myanmar posted the highest growth rate of 273.2 percent in February.

Just for the record, only Toyota (Innova and Vios) and Mitsubishi (Mirage) own production hubs in the Philippines. Big deal.

PEE STOP Shaina Mae Semana says Toyota will launch the new Corolla Cross Hybrid Electric Vehicle (HEV) on April 15 at the SM Aura Upper Grand Atrium in Taguig. Cheers!...Andrea Beatrice Vitug reports that the Honda Brio V can be purchased at P727,000 with a 10k down payment. The Honda City Hatchback RS pegs at P1,023,000 through its P130k promo…Dax Avenido went from Toyota to Nissan and, says Visor Chief Vernon B. Sarne, he is now with MG (SAIC).All the best, Dax.And, yes, Vernon adds that Lyn Buena, formerly with Volvo and The Covenant, is now handling Lynk & Co in the Philippines. Applause!

Story and photos by Randy S. Peregrino